Joe Biden is killing America’s energy production with his insane policies.
There’s no excuse for the way he’s hurting the economy.
Joe Biden made a decision so bad, even Democrats are rebelling against it.
The Biden administration is halting the construction of natural gas export terminals in the United States due to fears that liquefied natural gas (LNG) may be linked to global warming.
“There’s a long runway here (for LNG projects) and we’re taking a step back and thinking, okay, let’s take a hard look before that runway continues to build out,” said White House climate adviser Ali Zaidi according to AP.
However, not all Democrats agree with President Joe Biden’s decision. Seven Democrats signed a bipartisan Monday letter to President Joe Biden highlighting their concerns.
“The Department of Energy’s plan to change the criteria used to approve new LNG export projects threatens national security, the economy and clean energy goals … If the Biden administration is serious about addressing global climate goals the easiest way to achieve those goals is to bolster U.S. LNG production and exportation,” the letter said.
“Natural gas production and U.S. LNG exports supply much-needed energy to our allies, sustain hundreds of thousands of jobs for Americans, and provide global environmental benefits. For these reasons, we urge you to direct the U.S. Department of Energy to issue U.S. LNG export licenses more rapidly rather than stop or pause the process.”
The Democrats who signed the letter are Reps. Henry Cuellar of Texas, Lou Correa of California, Mary Sattler Peltola of Alaska, Vicente Gonzalez of Texas, Jared Golden of Maine, Jim Costa of California and Marie Gluesenkamp Perez of Washington.
Energy leaders are warning that the policy could potentially have disturbing long-term impacts on the global energy market.
“These types of executive orders send a chilling effect, through the industries and the investors,” Toby Rice, president and CEO at EQT Corporation, told FOX Business’ Lydia Hu on Tuesday.
“You need to have a very secure landscape that’s not going to be thrown curveballs so that investors can have safety and peace of mind,” he continued.
Former President Donald Trump also blasted the decision, stating Biden had surrendered “to the radical demands of the environmental extremists.”
“This decision to block the approval of new facilities to export American natural gas is one more disastrous self-inflicted wound that will further undermine America’s economic and national security,” Karoline Leavitt, press secretary for Trump’s campaign, said in a statement.
“On day one, President Trump will unleash American Energy to lower the cost of living for all Americans, pay down debt, strengthen national security, and establish the United States as the manufacturing superpower of the world.”
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