Biden Hits Brakes on LNG Exports, Vows “Hard Look” at Climate Impact and Domestic Costs

  • TDS News
  • U.S.A
  • January 26, 2024

Washington, D.C. – President Biden on Friday announced a temporary pause on pending approvals for Liquefied Natural Gas (LNG) exports, citing the need for a “hard look” at their impact on domestic energy costs, national security, and the environment.

“In every corner of the country and the world, people are suffering the devastating toll of climate change,” President Biden stated in a press release issued by the White House. “But more action is needed.”

The decision, effective immediately, exempts only unanticipated and immediate national security emergencies. It comes as the administration faces increasing pressure from both environmental groups and some domestic consumers concerned about the potential downsides of a booming LNG export industry.

Critics argue that rising LNG exports have contributed to domestic energy price hikes, particularly for gas. Environmentalists, meanwhile, highlight the greenhouse gas emissions associated with LNG production and transport, adding to the urgency of tackling climate change.

“This pause on new LNG approvals sees the climate crisis for what it is: the existential threat of our time,” President Biden said in the press release, drawing a clear line between the decision and climate concerns. He went on to address those seeking continued expansion of the industry, stating: “While MAGA Republicans willfully deny the urgency of the climate crisis, condemning the American people to a dangerous future, my Administration will not be complacent. We will not cede to special interests.”

The Department of Energy (DOE) will leverage this pause to reassess the underlying analyses used for authorizing LNG exports, according to the White House statement. “During this period, we will take a hard look at the impacts of LNG exports on energy costs, America’s energy security, and our environment,” President Biden noted.

Reactions to the announcement were predictably divided. Industry groups expressed dismay with the potential “job losses and economic uncertainty.” Conversely, environmental organizations applauded the move, calling it “a critical step towards addressing the climate crisis.”

President Biden, however, emphasized the administration’s continued commitment to clean energy solutions and reliable energy partnerships abroad. “This pause on new LNG approvals is about taking a hard look at the consequences of our choices, both for our planet and for American families facing rising energy costs,” he clarified. “The fight against climate change cannot wait. While we reassess our course, we will continue to support our partners abroad and double down on clean energy investments here at home.”

The temporary pause on LNG exports marks a significant shift in the ongoing debate about America’s energy future. As the DOE undertakes its review, the nation watches with keen interest for the answer to a crucial question: how can we balance energy security and economic growth with the pressing need to address the climate crisis? The coming months will offer critical insights, shaping the direction of environmental policy and countless Americans’ lives.

Summary

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