Chevron CEO Attacks Biden LNG Export Pause on Costs, Carbon
- Energy Department enacted gas terminal moratorium in January
- Shale boom transformed US into world’s biggest LNG exporter
Mike Wirth
Photographer: Aaron M. Sprecher/BloombergThis article is for subscribers only.
The oil and gas industry is zeroing in on the Biden administration’s moratorium on new liquefied natural gas export permits as the key policy they want changed under the next US president.
Chevron Corp. Chief Executive Officer Mike Wirth called on the administration to reverse the pause, labeling the policy as a failure that “elevates politics over progress.” The permitting halt, which went into effect earlier this year, will raise energy costs, threaten supplies for America’s European allies and increase emissions by slowing the transition from coal to gas, Wirth said in a speech at the GasTech conference in Houston Tuesday.