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You can find the current article at its original source at https://www.nytimes.com/2023/04/06/climate/oil-gas-drilling-investment-worldwide-willow.html
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| Version 3 | Version 4 |
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| It’s Not Just Willow: Oil and Gas Projects Are Back in a Big Way | It’s Not Just Willow: Oil and Gas Projects Are Back in a Big Way |
| (about 11 hours later) | |
| When the Biden administration greenlighted the enormous $8 billion Willow oil project on Alaska’s North Slope last month, many decried the move as a betrayal of the United States’ pledge to move away from fossil fuels in the fight against climate change. | When the Biden administration greenlighted the enormous $8 billion Willow oil project on Alaska’s North Slope last month, many decried the move as a betrayal of the United States’ pledge to move away from fossil fuels in the fight against climate change. |
| But an analysis of global data shows that Willow represents a small fraction of hundreds of new oil and gas extraction projects approved in the past year across the world, including many more in the United States. And in the coming months, dozens of additional projects are expected to be approved. | But an analysis of global data shows that Willow represents a small fraction of hundreds of new oil and gas extraction projects approved in the past year across the world, including many more in the United States. And in the coming months, dozens of additional projects are expected to be approved. |
| The data reflect a surging fossil fuel industry that has rebounded to prepandemic levels of growth. Even though the past few years have seen many countries institute policies that encourage renewable energy, demand for fossil fuels remains high. Russia’s invasion of Ukraine drove up oil prices, contributing to record profits for fossil fuel companies, as governments scrambled to secure their energy supplies, sending prices soaring. | The data reflect a surging fossil fuel industry that has rebounded to prepandemic levels of growth. Even though the past few years have seen many countries institute policies that encourage renewable energy, demand for fossil fuels remains high. Russia’s invasion of Ukraine drove up oil prices, contributing to record profits for fossil fuel companies, as governments scrambled to secure their energy supplies, sending prices soaring. |