The Biden administration launched a long-awaited examine on the financial and environmental impacts of liquefied pure fuel (LNG) exports on Tuesday, saying the outcomes underscored the necessity for a cautious method to new permits.
Biden in January had paused the Division of Vitality’s approvals of US LNG exports to large customers in Asia and Europe to ensure that his administration to conduct the evaluate, in a transfer welcomed by environmentalists however decried by the oil and fuel trade.
The examine revealed on Tuesday confirmed rising LNG exports threat dramatically elevating greenhouse fuel emissions and will additionally set off value hikes for US power customers, stated the US power secretary, Jennifer Granholm, in a letter summarizing the analysis’s findings.
She instructed reporters on a press name earlier than the examine’s launch {that a} business-as-usual method to LNG export allowing was neither sustainable nor advisable.
Donald Trump, a local weather skeptic and massive supporter of fossil gas growth, has promised to instantly finish the moratorium on new LNG export permits when he returns to the White Home in January.
Reuters contributed to this report
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