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Free AccessNearly 50% Of US Adults Support Approval Of Willow Project
A Morning Consult survey has found that 48% of US adults support President Biden's decision to approve the USD$8 billion Alaskan ConocoPhillips oil project Willow.
- Morning Consult: "Support for Willow rises among older generations, with 60% of baby boomers backing the project. Among the generations, support for Willow is lowest with Gen Zers (28%), while about 2 in 5 millennials back the development."
- The report continues: "Considering oil developments in general, more than 1 in 2 Republicans said they believe the positive economic impacts of oil developments outweigh the negative environmental impact, while about 1 in 3 Democrats agree. On the contrary, nearly the same share of Democrats (38%) said the negative environmental impacts of oil developments outweigh the positive economic impacts."
- Although the reaction from oil markets on Willow has been muted, Biden's pivot on a campaign pledge to roll back approval for new oil and gas projects on federal land may blunt Republican accusations that the Biden administration is weak on domestic energy production.
Figure 1: Support for President Biden's Decision to Authorise Willow Project
Source: Morning Consult
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.