"Biden's Pause on LNG Projects: A Win for Climate Activists"

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Source: NBC News
"Biden's Pause on LNG Projects: A Win for Climate Activists"
Photo: NBC News
TL;DR Summary

The Biden administration has halted approvals for liquefied natural gas (LNG) exports to countries without free trade agreements, citing outdated economic and environmental analyses that do not adequately consider climate impact. President Biden emphasized the need to assess the impacts of LNG exports on energy costs, energy security, and the environment. The pause allows for exceptions for national security emergencies, but environmentalists and climate activists have praised the decision, while communities on Louisiana's Gulf Coast, where LNG export facilities were planned, see it as a victory. The temporary halt's impact on specific projects, such as the $10 billion Calcasieu Pass 2 project, remains uncertain.

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