All articles tagged with #lng projects
Jamie Dimon, head of JPMorgan Chase, criticized US delays of liquefied natural gas projects, calling it "enormously naïve" to stop all oil and gas projects for political reasons. He emphasized the importance of replacing coal with natural gas to reduce carbon dioxide emissions and described LNG exports as a "great economic boon" for the US.
President Joe Biden has decided to halt permits for LNG (liquefied natural gas) projects under pressure from environmentalists and climate campaigners. This move aligns with his administration's commitment to combat climate change and transition towards renewable energy sources.
The Biden administration plans to freeze approvals for new natural gas export terminals for up to 15 months while it reviews the permitting process, aiming to assess the industry's impact on climate change and environmental effects on local communities. This move could affect the fast-growing natural gas export business and clash with some of the president's foreign policy priorities. The review would not interrupt existing LNG export plants but would put a hold on new permits for additional projects, drawing criticism from the industry and environmental groups while signaling a shift in U.S. energy policy.