[NYPOST] Team Biden “has halted pending approvals of exports of liquefied natural gas while it studies the economic and environmental effects of shipping such fuel abroad”; that “ill-timed and unwise” decision is “unlikely to advance the president’s climate-change ambitions and undermines the effort to defeat Russia in Ukraine,” warn Bloomberg’s editors. “The primary motivation” was “election-year politics.” Yet short-term it will force buyers to “rely more heavily on dirtier fuels, notably coal.” And the Russia-Ukraine war makes it “look even more ill-advised.” As the move pushes European nations “to source more fuel from elsewhere, including Russia” — and so “undermines Europe’s willingness to resist Russian aggression.” Conclusion: “Biden’s LNG initiative is bad politics and worse policy.”
Tantrum aimed at Abbott/Texas |