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.

By Becky Bohrer, Matthew Brown, Matthew Daly, Associated Press

Oil prices have risen nearly 50 percent in the last year raising questions about oil company profits and who benefits from higher prices at the pump. ConocoPhillips CEO James Mulva discusses his company's revenues and reinvesting in energy production.