Biden’s Wish to Have it Both Ways on Energy and Climate Will Backfire | Opinion

Biden’s Wish to Have it Both Ways on Energy and Climate Will Backfire | Opinion

To champion the reduction of U.S. carbon emissions, President Joe Biden and some progressive Democrats in Congress have taken deliberate steps to dismantle the U.S. oil and gas sector, with the latest reconciliation bill and other policies. With domestic supplies no longer adequate, and to keep inflation under control as the economy recovers, Biden has also encouraged foreign producers to ramp up production to meet U.S. demands. Trying to have it both ways is not only impossible, but also illogical and counter to U.S. interests.

Biden is seeking to cut U.S. emissions associated with climate change in half by 2030. In support of this goal, he has suspended oil and gas leasing on federal lands, placed a moratorium on oil and gas drilling in Alaska's Arctic National Wildlife Refuge and hammered the last nail in the coffin of the Keystone XL pipeline. Then to top it all off, congressional Democrats aligned with the president are looking to push through a massive, partisan reconciliation package that targets the oil and gas industry with new punitive tax policies that will only further impede our ability to produce resources here at home.