On Friday, the White House announced they would implement a temporary pause on pending decisions on exports of Liquefied Natural Gas (LNG) to non-FTA countries until the Department of Energy could update the underlying analyses for authorizations.
Projects involving billions of dollars will be disrupted; critics contend that President Biden’s actions will hurt Europe’s capacity to power its economy without relying on Russian gas.
“The pause could have implications for more than a dozen proposals now awaiting review at the Energy Department, including ventures planned in Louisiana by Commonwealth LNG and Energy Transfer LP,” Bloomberg reported.
The White House used the opportunity in its announcement to attack Republicans, declaring. “As Republicans in Congress continue to deny the very existence of climate change while attempting to strip their constituents of the economic,…
