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The Biden administration has paused consideration of new natural gas export terminals. Despite soaring gas shipments to Europe and Asia following Russia’s invasion of Ukraine, President Joe Biden’s decision will align with environmentalists. They fear the sharp rise in exports, in the form of liquefied natural gas, is locking in potentially catastrophic planet-warming emissions while the president has pledged to cut climate pollution by half by 2030.
The White House said the current economic and environmental analyses used to evaluate LNG projects don’t adequately account for potential cost hikes for American consumers and manufacturers or the impact of greenhouse gas emissions.
President Biden’s decision has been criticized as a ”win for Russia” by industry groups. However, it’s been praised by environmentalists, who see it as a counter to Biden’s approval of the huge Willow oil project in Alaska last year.
Energy Secretary Jennifer Granholm emphasized that the pause will not immediately affect U.S. supplies to Europe or Asia, and that the Energy Department can allow exceptions for national security needs.
She added that a study of proposed LNG projects’ impact on the environment, economy, and national security will take “some months,” with a public comment period likely delaying decisions on pending projects until after the 2024 presidential election.