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Oil Prices Loom Over Biden Drilling Rights Blueprint

Oil Prices Loom Over Biden Drilling Rights Blueprint
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Biden continues his anti-U.S. oil and gas push while crude demand rises

Biden continues his anti-U.S. oil and gas push while crude demand rises
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Oil Prices Loom Over Biden Bid to Throttle Drilling Lease Sales

Oil Prices Loom Over Biden Bid to Throttle Drilling Lease Sales
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Biden Completing Opening Moves in Climate Strategy

(Image credit – Adam Schultz / The White House) Four months into his administration, President Biden’s approach to climate change is beginning to cohere around two executive orders he issued his first week in office.  Signed on Inauguration Day, the first order set an urgent tone through high-priority moves, such as rejoining the Paris climate agreement, initiating an update of government benchmarks for the social cost of greenhouse gases, and reversing a number of Trump administration actions on environmental policy. The second order, issued Jan. 27, established an array of policymaking mechanisms and outlined an agenda on matters such as climate resilience, environmental justice, and climate-related economic opportunities, with many action items due within 60, 90, and 120 days. 

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Climate Change a Focus of Environmental Policy, Infrastructure Plan | Skadden, Arps, Slate, Meagher & Flom LLP

To embed, copy and paste the code into your website or blog: President Biden took a number of Day One actions to help fulfill his promises to achieve a carbon-free power sector by 2035 and to put America on an irreversible path to a net-zero carbon emission economy by 2050. Addressing climate change is also an important part of his sweeping $2 trillion-plus infrastructure plan. (See Infrastructure Plan Relies On Federal Loan Programs. ) In addition, the president has pledged to cut U.S. greenhouse gas emissions by at least 50% by 2030. First-Day Actions On his first day in office, President Biden took a number of executive actions that made climate change considerations an essential element of his domestic and foreign policies. These included:

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