An exploratory drilling camp at the proposed site of the Willow Project on Alaska's North Slope. AP
An exploratory drilling camp at the proposed site of the Willow Project on Alaska's North Slope. AP
An exploratory drilling camp at the proposed site of the Willow Project on Alaska's North Slope. AP
An exploratory drilling camp at the proposed site of the Willow Project on Alaska's North Slope. AP

Environmental groups sue to halt Alaska oil drilling project


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US environmental groups have filed a lawsuit seeking to halt an oil drilling project in Alaska, which was approved this week by President Joe Biden's administration.

The Interior Department approved on Monday a proposal from US energy company ConocoPhillips to drill for oil at three sites in the federally owned National Petroleum Reserve in Alaska's pristine western Arctic.

Environmental groups had urged Mr Biden, who vowed during the 2020 White House race not to approve any new oil and gas leases on public lands, to reject the so-called Willow Project.

The six groups that filed the suit in US District Court on Tuesday accused the Interior Department and other agencies of violating the National Environmental Policy Act, the Endangered Species Act and other laws by authorising the project.

Supporters say a major oil project President Joe Biden is approving on Alaska’s petroleum-rich North Slope represents an economic lifeline for indigenous communities while environmentalists say it runs counter to his climate goals. AP
Supporters say a major oil project President Joe Biden is approving on Alaska’s petroleum-rich North Slope represents an economic lifeline for indigenous communities while environmentalists say it runs counter to his climate goals. AP

“ConocoPhillips's massive oil and gas project presents a real threat to the wildlife, ecosystems and communities of Arctic Alaska,” said Mike Scott of the Sierra Club, one of the complainants in the suit.

Trustees for Alaska, the Alaska Wilderness League and the Wilderness Society are some of the other groups included.

“If they're allowed to break ground, the Willow Project would be a disaster for the climate, the effects of which would be felt for decades,” Mr Scott said in a statement.

Reacting to the Biden administration's approval of the project on Monday, Alaska Senator Dan Sullivan said that legal efforts to stop the project had been expected.

“We are prepared to defend this decision against likely frivolous legal challenges from the same Lower 48 NGOs who've consistently tried to kill the Willow Project,” Mr Sullivan said, using a term Alaskans use to refer to the contiguous US.

Reuters reported that environmental law firm Earthjustice will file a separate lawsuit soon.

Alaska lawmakers lobbied strongly for the approval of the drilling plan, defending it as a source of several thousand jobs and a contributor to US energy independence, with production of 180,000 barrels of oil per day at its peak, or about 576 million barrels over 30 years.

The Willow Project will add 239 million metric tonnes of carbon emissions to the atmosphere over the next 30 years, according to Interior Department calculations, equivalent to the annual emissions of 64 coal-fired power plants.

Mr Biden has pledged to cut greenhouse gas emissions in half by 2030 compared to 2005, with the goal of achieving a net-zero emissions economy no later than 2050.

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

 

 

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Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

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Price: expected to start at Dh1,432,000

The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

APPLE IPAD MINI (A17 PRO)

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Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

Updated: March 15, 2023, 6:56 PM