Biden Bows to Climate Zealots which Puts 70,000 American Jobs at Risk
Shared By Peter Boykin – American Political Commentator / Citizen Journalist / Political Candidate
American Jobs At Risk
Biden Bows to Climate Zealots which Puts 70,000 American Jobs at Risk
In a move that raises eyebrows and sparks concerns for the American job market, the Biden administration has implemented a “temporary pause” on new permits for liquefied natural gas (LNG) export terminals. This decision, influenced by pressure from climate activists, potentially jeopardizes tens of thousands of jobs across the nation.
The Unveiling: On Friday, President Joe Biden made the announcement, emphasizing that he perceives the climate crisis as the “existential threat of our time.”
Energy Secretary Jennifer Granholm assured the press that this temporary halt would not impact already permitted exports to U.S. allies. However, it significantly affects over a dozen proposals currently awaiting review by the Energy Department.
Zooming Out: Since the commencement of the conflict between Ukraine and Russia in 2022, Europe has increasingly turned to the U.S. for natural gas imports, countering the supply it once received from Russia.
Domestic Repercussions: A thorough analysis of the United States’ LNG commitments to Europe suggests that we could have witnessed a substantial $63 billion surge in capital expenditures, a GDP boost of $46 billion, and the creation of an additional 71,500 jobs. The pause in permits puts these economic gains at risk.
Geopolitical Stakes: If Europe experiences a reduction in American LNG, it may force them into the arms of our adversaries, Russia and China, both eager to seize the opportunity to fill the supply gap.
Environmental Conundrum: Despite Biden’s commitment to addressing the “climate crisis,” the LNG America exports boasts a significantly cleaner carbon footprint compared to LNG from Russia or China.
The Bigger Picture: Biden, already facing scrutiny from his radical left-wing base over his stance on Israel, seems to be making concessions to appease them. With the 2024 election looming and his likely opponent, Donald Trump, championing an energy-centric agenda with a “Drill baby, drill” promise, Biden appears to be treading carefully to maintain support from his base while navigating a precarious political landscape.
[Source: WSJ, Daily Wire]
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