President Joe Biden announced a temporary pause on exports of liquefied natural gas to countries without free trade agreements Friday, a move that experts warn will drive up the price of energy and empower Russian President Vladimir Putin.
“President Biden has been clear that climate change is the existential threat of our time—and we must act with the urgency it demands to protect the future for generations to come,” the White House said in a news release on the move.
The administration is temporarily pausing pending decisions on LNG exports until the Department of Energy can “update the underlying analyses for authorizations.”
The current DOE analyses “are roughly five years old and no longer adequately account for considerations like potential energy-cost increases for American consumers … or the latest assessment of the impact of greenhouse gas…
