by Bloomberg
|Wednesday, January 27, 2021
Biden played up his climate policies as a source of new jobs, but energy companies and Western state officials beg to differ.
(Bloomberg) President Joe Biden depicted his climate policies as an employment plan for the U.S., arguing that fighting warming global temperatures and carbon pollution by improving infrastructure and transportation technology will add millions of jobs.
“Today is climate day at the White House which means that today is jobs day the White House,” Biden said Wednesday.
In the short-term, however, the president took a series of actions regarded as adversarial by the fossil fuels industry, among them halting the issuance of new oil and natural gas drilling leases on federal lands. His administration seeks to leverage federal regulations and purchasing power to fight climate change.
New World Order for U.S. E&Ps as Biden Freezes Near-Term Federal Oil, Natural Gas Leasing
The Biden administration last week froze for 60 days awarding new oil and gas drilling permits, as well as leases on federal onshore and offshore property, likely heralding more permanent limits to be enacted down the road.
The order mandating the freeze was signed by acting Department of the Interior (DOI) Secretary Scott de la Vega on Jan. 20, the day President Biden was sworn into office.
The action comes amid a flurry of “Day One” executive actions on climate and energy by the new administration. The executive orders as of Friday included rescinding the presidential permit for the Keystone XL crude oil pipeline and reentering the 2015 United Nations Global Climate Agreement, aka the Paris Accord.
U.S. Oil, Natural Gas Industry Warns of Economic, Environmental Fallout from Biden Freeze of Federal Leasing
The Biden administration has frozen awarding new oil and gas drilling permits, as well as leases on federal onshore and offshore property, for 60 days, likely heralding more permanent limits to be enacted down the road.
The order mandating the freeze was signed by acting Department of the Interior (DOI) Secretary Scott de la Vega on Jan. 20, the day President Biden was sworn into office.
The action comes amid a flurry of “Day One” executive actions on climate and energy by the new administration. The executive orders as of Friday included rescinding the presidential permit for the Keystone XL crude oil pipeline and reentering the 2015 United Nations Global Climate Agreement, aka the Paris Accord.
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Send While the coronavirus pandemic colored just about every news story of 2020, Arkansas Business readers found plenty of other reports worth clicking on this year.
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