Biden’s Natural Gas Export Project Freeze Is a ‘Mistake,’ Exxon CFO Says

An LNG tanker in Corpus Christi, Texas.Photographer: Mark Felix/Bloomberg
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The Biden administration’s decision to halt new natural gas-export licenses is a “mistake” that will slow efforts to reduce climate-damaging emissions, according to Exxon Mobil Corp.

“Reducing production of LNG actually harms the world achieving net zero sooner rather than later,” Chief Financial Officer Kathy Mikells said during an interview. “It’s a mistake.”