President Biden entered the White House waging war on AmericaƵs fossil fuel energy industry, and critics say heƵs going out the same way.
In his final days, heƵs issuing edicts designed to restrict investments in domestic energy, including a ban on oil and gas drilling projects in most U.S. coastal waters.
Citing the 1953 Outer Continental Shelf Act, Biden claimed the move was necessary to protect 625 million acres of coastal areas for future generations. He suggested the move was made to help American communities threatened by Ƶthe climate crisisƵ and to support the transition to a clean energy economy.
ƵDrilling off these coasts could cause irreversible damage to places we hold dear and is unnecessary to meet our nationƵs energy needs. It is not worth the risks,Ƶ Biden said in a statement.
However, President-elect Donald Trump has pledged to reverse BidenƵs actions.
ƵItƵs ridiculous. IƵll un-ban it immediately,Ƶ Trump told radio host Hugh Hewitt. ƵWhatƵs he doing?Ƶ
Biden critics see his latest actions as part of an attempt to limit the growth of the U.S. energy industry, going back to his first day in office when he killed the Keystone XL pipeline. Since then, heƵs ordered a pause on all new U.S. LNG exports, and his administration approved a Clean Air Act waiver for California, requiring all new passenger cars, small trucks and SUVs to have zero emissions by 2035.
U.S. energy advocates say banning proposed new LNG terminals in places like Louisiana and Pennsylvania will kill thousands of jobs and billions of dollars in economic opportunity. They will keep U.S. resources that could be used to push back against Russian aggression off the global market. Environmentalists hailed the Biden move, pressing him to do more.
ƵBiden must reject pending (LNG) export projects,Ƶ wrote Aru Shiney-Ajay of the Sunrise Movement. The group held a sit-in with Rep. Alexandria Ocasio-Cortez, D-N.Y., in 2018 over climate change legislation.
ƵThis is an epic ocean victory!Ƶ crowed Oceana campaign director Joseph Gordon. ƵOur treasured coastal communities are now safeguarded for future generations.Ƶ
Critics said Biden is following a 2020 campaign promise to change the American energy industry.
ƵThe same man who said he would Ƶend fossil fuelƵ in 2019 is attempting to do just that, and hamstring President-elect Trump on the way out,Ƶ said Craig Stevens of the GAIN Coalition.
Houston Energy President Ron Neal, the chair of the Independent Petroleum Ƶsociation of America offshore committee, worried about the industryƵs future. ƵThe ban severely limits potential for exploration and development in new areas, therefore choking the long-term survivability of the industry,Ƶ he said.
It could also undermine AmericaƵs energy security.
The United States is the worldƵs most significant exporter of natural gas and is tied for second with Russia on crude oil exports. ItƵs also the globeƵs top oil producer.
European countries pivoted to U.S.-produced LNG after Russia invaded Ukraine in 2022. Last year, the U.S. Energy Information Administration reported that LNG exports to Europe remain at record-high levels.
ƵThe U.S. has an abundance of natural resources at our disposal and banning the extraction of these efficient and reliable fuels jeopardizes our nationƵs energy security,Ƶ Stevens said.
More important, American oil and gas producers adhere to regulations not in place in other countries.
ƵEnergy produced in America under strict environmental standards can be used here at home or exported to allies abroad, which is better for the climate, global security and our economy,Ƶ said Christopher Guith, a senior vice president at the U.S. Chamber of Commerce Global Energy Institute.
ItƵs not unusual for presidents to use the Outer Continental Shelf Act to withdraw unleased offshore areas from future drilling. What made BidenƵs move unique was his attempt to ban future leases. While Trump vowed to go to court to revoke BidenƵs move, it may ultimately be up to Congress to overturn the action.
