Former Trump, Bush officials urge Congress to reverse Biden's LNG pause By Reuters
2024-02-12 19:20:06

WASHINGTON (Reuters) - Dozens of former officials from the past two Republican U.S. administrations on Monday urged Congress to reverse the Biden administration's pause on approvals of liquefied (LNG) exports, saying the shipments promote global stability.

President Joe Biden, a Democrat, paused approvals of exports of pending and future LNG projects to big markets in Asia and Europe late last month in order to review the environmental and economic impacts of the booming business. Biden acted after pressure from environmentalists concerned about greenhouse gas emissions during the lifecycle of the LNG industry and pollution from LNG plants near vulnerable communities.

The 35 officials, including Rick Perry and Dan Brouillette, energy secretaries under former President Donald Trump, wrote to lawmakers heading energy and foreign affairs committees in the House of Representatives and the Senate.

"It is imperative that we reverse this action and continue to advance our economic, energy, and geopolitical interests while leading on environmental progress," the former officials said in the letter.

U.S. LNG exports to Europe rose after Russia invaded Ukraine in 2022. U.S, and they are expected to double by the end of the decade on exports already approved.

The U.S. House is set to vote on a bill as early as Wednesday that would strip the power of the Department of Energy to approve the exports and give it to the independent Federal Energy Regulatory Commission.

The legislation would likely struggle in the Senate, controlled by Democrats, and some lawmakers have been wary of it. Senator Joe Manchin, a Democrat who opposes the pause, told reporters last week he is not looking at "taking anyone's authority away."

The letter was also sent to Biden administration officials.

Deputy Energy Secretary David Turk told reporters last week that as the administration talks with allies and partners about the pause, "we feel very comfortable" about their gas supply going forward.

The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Related News

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。