Hydrocarbon company ConocoPhillips (NYSE: COP) reportedly received judicial endorsement for its ambitious Willow oil project in Alaska, a major oil reserve estimated to hold around 600 million barrels.
This decision marks a notable setback for environmental advocates who have been contesting the project due to its potential environmental impact.
U.S. District Judge Sharon Gleason in Alaska upheld the Biden administration's approval of the project, clearing the way for ConocoPhillips to advance the $7.5 billion development in the National Petroleum Reserve-Alaska, according to a ...