ConocoPhillips Greenlights $8 Billion Oil Project In Alaska Following Failed Block By Native Groups

ToplineOil producer ConocoPhillips announced Friday it approved the construction funds for a $8 billion oil-drilling operation in Alaska known as Project Willow, a final investment decision that comes days after a federal appeals court rejected a bid from environmental and Alaska Native groups that sought to block the project’s construction.The project was approved by the U.S. Department of Interior in March. (Photo by Greg A. ... [+] Syverson/Getty Images)Getty Images Key FactsThe project was approved by t ...