Stuart Varney: Biden is determined to stop another big US energy project
During his "My Take" on Thursday, "Varney & Co." host Stuart Varney criticized President Biden for intervening in a $10 billion Louisiana natural gas initiative that would boost America's standing as the world's largest exporter of low-carbon natural gas.
STUART VARNEY: Once again, the president is messing with America's energy industry.
Louisiana wants to build a big natural gas export terminal.
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It's a $10 billion project that would enhance America's position as the world's largest exporter of low-carbon natural gas.
Biden and the greens are determined to stop it.
At the last minute, The New York Times reports, the project has to be checked for its climate impact.
Biden is punting. The climate check will delay everything, probably until after the election.
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Then he'll declare the project doesn't pass climate muster, and it will be canceled.
That would probably mean the end of any other natural gas export terminals.
Imagine that.
The world can't benefit from the least polluting fossil fuels because the greens can't accept any fossil fuels.
The New York Times headline, "Biden Officials Poised to Delay Big Gas Project," the writer wants a delay.
In The Washington Post, Ben Jealous, the executive director of the Sierra Club, asks if Biden will stand up to big oil.
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He wants the cancellation of natural gas projects.
A little history. America invented fracking. That's a way to extract nat gas from shale, deep underground.
Fracking produced a bonanza of homegrown gas that allowed us to reduce our carbon emissions more than any other industrial country.
But the greens don't want us to help anyone else.
If it means using any fossil fuel, they're against it.
Energy is an election issue. Trump says on day one he will drill, baby, drill.
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President Biden had serious trouble with voters when he ended America's energy independence.
Beating up the natural gas industry may make him popular with the greens, but not with the rest of us.
I like my gas stove.