Biden’s Worst Energy Decision
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Congress this week will hold hearings on the permit freeze for new liquefied natural gas (LNG) export projects that President Biden announced two weeks ago. The closer one looks, the more harm this raw political payoff to the climate left will do to U.S. national security and economic interests.
The White House has been whispering to its European allies not to worry about its moratorium’s impact on LNG supply even as it crows to the climate lobby. Progressives are celebrating because they know the putative pause will shrink investment in LNG. Merely read the plaudits from climate potentates on the White House website.
“The Biden administration is listening to the calls to break America’s reliance on dirty fossil fuels,” Sierra Club executive director Ben Jealous proclaimed. “It’s undeniable that LNG export projects are simply not in the public interest and we are confident that if this review is done right, that would end the rubber-stamping of these projects.” Got that, Mr. President?
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