- Sep 19, 2020
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It started on Day One. We saw Biden cancel the Keystone XL pipeline. He was fulfilling his unambiguous promise to "end fossil fuels."
And a few days later, Biden issued and Executive Order directing all federal agencies, not just the DOE and EPA, to consider climate in its decision making. [Link]
Then with the Russia/Ukraine war, we saw the Admin claim that is a great business opportunity for the US to export more LNG, which has been happening a bit (significantly lesser extent than under Trump), much to the disapproval of the climate warriors on the far Left.
[Source]
Now, when the world needs abundant and affordable energy more than ever, NYT has reported that Biden Admin is pausing the approval of the Louisiana LNG terminal, using the Climate Change Boogie Man as justification.
Now there is an election coming up, and Climate resonates with the extreme Left and some of Biden's base, convincing them that that the abundant and cheap energy played a major role in making our country great does more harm than good, to China's delight.
"America’s LNG export boom hit a major speed bump this week. The Biden administration has decided to pause on what would be the largest LNG export facility in the country, a move that looks to ripple throughout the industry.
“Venture Global LNG's Calcasieu Pass 2 (CP2) project is twice the size of its present CP plant, with an export capacity of 20 million metric tonnes per year,” reports Reuters.
According to reporting from the New York Times, the White House has ordered the Department of Energy to review LNG projects with extra climate criteria, which could delay an additional 16 LNG export projects.
In a hotly contested election year, the Biden administration may be kowtowing to its small, but well-heeled and powerful environmental wing....
... But stymying America’s LNG exports may also cede the market share to other nations, which would obviate the global environmental impact of blocking domestic LNG projects.
“It appears the administration may be putting a moratorium on the entire US LNG industry,” Shaylyn Hynes, spokeswoman for Venture Global, said in a statement. “Such an action would shock the global energy market, having the impact of an economic sanction, and send a devastating signal to our allies that they can no longer rely on the United States.”
www.gridbrief.com
And a few days later, Biden issued and Executive Order directing all federal agencies, not just the DOE and EPA, to consider climate in its decision making. [Link]
Then with the Russia/Ukraine war, we saw the Admin claim that is a great business opportunity for the US to export more LNG, which has been happening a bit (significantly lesser extent than under Trump), much to the disapproval of the climate warriors on the far Left.
[Source]
Now, when the world needs abundant and affordable energy more than ever, NYT has reported that Biden Admin is pausing the approval of the Louisiana LNG terminal, using the Climate Change Boogie Man as justification.
Now there is an election coming up, and Climate resonates with the extreme Left and some of Biden's base, convincing them that that the abundant and cheap energy played a major role in making our country great does more harm than good, to China's delight.
"America’s LNG export boom hit a major speed bump this week. The Biden administration has decided to pause on what would be the largest LNG export facility in the country, a move that looks to ripple throughout the industry.
“Venture Global LNG's Calcasieu Pass 2 (CP2) project is twice the size of its present CP plant, with an export capacity of 20 million metric tonnes per year,” reports Reuters.
According to reporting from the New York Times, the White House has ordered the Department of Energy to review LNG projects with extra climate criteria, which could delay an additional 16 LNG export projects.
In a hotly contested election year, the Biden administration may be kowtowing to its small, but well-heeled and powerful environmental wing....
... But stymying America’s LNG exports may also cede the market share to other nations, which would obviate the global environmental impact of blocking domestic LNG projects.
“It appears the administration may be putting a moratorium on the entire US LNG industry,” Shaylyn Hynes, spokeswoman for Venture Global, said in a statement. “Such an action would shock the global energy market, having the impact of an economic sanction, and send a devastating signal to our allies that they can no longer rely on the United States.”
White House Pauses Louisiana LNG Decision // Australian Mining Takes a Beating
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www.gridbrief.com
