On Friday morning, the White House announced that it will pause new approvals for new liquified natural gas (LNG) export facilities. The decision has been framed across the board as a “victory for climate activists,” and a concession to a constituency Biden is eager to please on the campaign trail. That’s not wholly false: The climate movement did indeed push for today’s decision, and the White House explicitly cited the climate crisis and “calls of young people” in its statement about it. What’
(Bloomberg) The Biden administration on Friday halted the approval of new licenses to export US liquefied natural gas while it scrutinizes how the shipments affect climate change, the economy and national security — a moratorium likely to disrupt plans for billions of dollars in projects.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionJPMorgan Shuffles Top Managers as Jamie Dimon Prepares Succe