"When the Trump administration first pushed to open the Arctic National Wildlife Refuge in Alaska to oil exploration, it predicted that drilling would generate a windfall for the federal Treasury: $1.8 billion, by a White House estimate.
But two years later, with the expected sale of the first oil and gas leases just months away, a New York Times analysis of prior lease sales suggests that the new activity may yield as little as $45 million over the next decade. Even the latest federal government estimate is half the figure the White House predicted.
The lofty original projection was just one element of a campaign within the administration to present in the best possible light the idea of opening the refuge’s coastal plain after decades of being stymied by Democrats and environmentalists, according to internal government communications and other documents reviewed by The Times.
Opponents of exploration have said the 19-million-acre refuge, one of the largest expanses of pristine land in the United States, could be forever damaged in pursuit of oil that would bring little benefit to American taxpayers."
Henry Fountain and Steve Eder report for the New York Times August 21, 2019.
