Back in January of this year, the Biden administration announced a controversial decision to pause approvals of new licenses to export liquefied natural gas LNG. President Biden announced that during the pause the U.S. Department of Energy will review and assess whether the nation’s considerable LNG exports are “undermining domestic energy security, raising consumer costs and damaging the environment.
“As the sole realistic coal alternative in terms of affordability and energy density, LNG from the U.S. offers a much cleaner option for always-available power generation that, in partnership with renewables, can meet growing energy demand while facilitating climate progress,” the report continues.
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