"Biden's LNG Permit Pause Sparks Global Business Pushback and Political Resistance"

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Source: Fox Business
"Biden's LNG Permit Pause Sparks Global Business Pushback and Political Resistance"
Photo: Fox Business
TL;DR Summary

Business groups from the U.S., Europe, and Japan are urging President Biden to reconsider the pause on new LNG export applications, citing concerns about energy security and the role of American natural gas in meeting global energy and climate objectives. The Biden administration's pause on new LNG export permits to non-free trade agreement countries has prompted pushback, with business groups emphasizing the importance of LNG exports in reducing greenhouse gas emissions and providing critical energy supplies amid geopolitical tensions. The move has raised concerns about its impact on the global economy and U.S. natural gas producers, who have invested heavily in LNG exports.

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