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180 The oil industry’s cynical gamble on Arctic drilling

Vox
Rebecca Leber @ Vox · 09/08/2023 12:30 EDT

The oil industry’s cynical gamble on Arctic drilling

Drilling for oil in Alaska is extremely expensive and potentially catastrophic for local ecosystems. | Sylvain Cordier/Gamma-Rapho via Getty ImagesCompanies like ConocoPhillips are banking on a future filled with oil. The Biden administration can’t make a move in the Arctic without a political mess. This week, the administration infuriated the oil industry by canceling seven of the remaining leases in the Arctic National Wildlife Refuge sold by the Trump administration, and proposing new regulations to bloc

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