ConocoPhillips Announces Funding Approval for Kuparuk

ConocoPhillips Alaska Inc. yesterday announced that the Kuparuk viscous oil development 1H NEWS (Northeast West Sak) has been approved for funding by ConocoPhillips and the Kuparuk co-owners.

Plans for engineering have been ongoing, and construction will now move forward. This is the largest investment in viscous oil at Kuparuk since 2004, and it is expected to add about 8,000 barrels of oil per day (BOD) gross at peak production.  (See the full ConocoPhillips release here.)

Whether President Obama is bribing or blackmailing governors, either way, it's wrong (and just one more way to establish a pretext for more regulatory restrictions on fossil fuel exploration and development)  -dh.

Washington Times by Dave Boyer.  

The Obama administration has issued new guidelines that could make it harder for governors who deny climate change to obtain federal disaster-preparedness funds.

The Federal Emergency Management Agency’s new rules could put some Republican governors in a bind. The rules say that states’ risk assessments must include “consideration of changing environmental or climate conditions that may affect and influence the long-term vulnerability from hazards in the state.”