Congress this week will hold hearings on the permit freeze for new liquefied natural gas (LNG) export projects that President Biden announced two weeks ago. The closer one looks, the more harm this raw political payoff to the climate left will do to U.S. national security and economic interests.<\/p>\n\n\n\n
The White House says the pause will only affect a handful of projects that are currently seeking Energy Department permits, but this is dishonest. It will also freeze about a half a dozen projects seeking Federal Energy Regulatory Commission approvals and could halt another dozen or so that have been permitted by previous Presidents.That\u2019s because the Energy Department in December announced that projects not yet operating will have to reapply for permits if it\u2019s been seven years since they were authorized. So projects in the works could get deep-sixed\u2014even if they have billions of dollars in committed capital and contractual agreements with customers.The Administration is deliberately creating uncertainty about permit approvals and extensions to chill investment and discourage foreign governments from signing long-term contracts. Why risk investing in or signing a purchase agreement with a Gulf Coast project that may later be killed?<\/p>\n\n\n\n
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Adding<\/p>\n\n\n\n
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Congress this week will hold hearings on the permit freeze for new liquefied natural gas (LNG) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-658","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/posts\/658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/comments?post=658"}],"version-history":[{"count":1,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/posts\/658\/revisions"}],"predecessor-version":[{"id":659,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/posts\/658\/revisions\/659"}],"wp:attachment":[{"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/media?parent=658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/categories?post=658"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/tags?post=658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}