"Biden Administration Halts Natural Gas Export Projects Pending Federal Review"

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Source: CNN
"Biden Administration Halts Natural Gas Export Projects Pending Federal Review"
Photo: CNN
TL;DR Summary

The Biden administration has announced a pause on federal approval for several pending liquified natural gas (LNG) export projects in order to conduct a comprehensive review of the industry's impact on energy costs, America's energy security, and the environment. This decision comes in the wake of a surge in US LNG exports, particularly to Europe following Russia's war in Ukraine. The review will also assess the climate implications of fracking and shipping natural gas overseas, with a focus on methane leaks. While the pause won't affect already authorized exports or the ability to supply allies, it has drawn criticism from the fossil fuel industry and support from climate and environmental justice advocates.

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