production of 12.9 million barrels per day in 2023. To punctuate the point, the agency noted last year’s domestic output produced “more crude oil than any nation at any time” in history.have seized on the report as proof that this White House is not trying to kill the oil and gas industry, arguing that any talk of an anti-fossil fuel climate agenda is just more fake news heading into this year’s presidential contest.First off, taking four years to get back to the U.S.
And then there is the movement to starve fossil fuel companies of the capital needed for business growth by depriving them of financial market access, all under the guise of environmental, social, and corporate governance, or ESG investing, with its overriding focus on climate change and net zero goals.
In fact, the Biden White House would seem to be pushing many of its most extreme climate regulatory actions to a second term, much as former Presidentdid during his eight-year run. Recall that the final decision to cancel the Keystone XL pipeline project and the extra-legal approval of the Paris Agreement through executive order were both warehoused until late 2015.
And then there is the long-awaited court-mandated environmental ruling on the Dakota Access Pipeline, which has been dragged out for more than two years now by the Army Corps of Engineers and the DOJ. Even though the pipeline poses no environmental risk, there is every indication that an “environmental justice” argument will be used to ultimately cancel the project’s easement for the mile-and-a-quarter crossing of the.