Increased LNG exports five-fold since January 2017, reaching an all-time high in January 2020.The United States is now among the top three LNG exporters in the world.Streamlined liquefied natural gas (LNG) terminal permitting and allowed long-term LNG export authorizations to be extended through 2050.Expedited approval of the NuStar’s New Burgos pipeline to export American gasoline to Mexico.Reduced the time to approve drilling permits on public lands by half, increasing permit applications to drill on public lands by 300 percent.Signed legislation repealing the harmful Stream Protection Rule.The average American family saved $2,500 a year in lower electric bills and lower prices at the gas pump.Fixed the Environmental Protection Agency’s (EPA) steam electric and coal ash rules.Fixed the New Source Review permitting program, which punished companies for upgrading or repairing coal power plants.Reformed permitting rules to eliminate unnecessary bureaucracy and speed approval for mines.
Repealed the last administration’s Federal Coal Leasing Moratorium, which prohibited coal leasing on Federal lands.Opened up the Arctic National Wildlife Refuge (ANWR) in Alaska to oil and gas leasing.Approved the Keystone XL and Dakota Access pipelines.Canceled the previous administration’s Clean Power Plan, and replaced it with the new Affordable Clean Energy rule.Withdrew from the unfair, one-sided Paris Climate Agreement.The United States has been a net natural gas exporter for three consecutive years and has an export capacity of nearly 10 billion cubic feet per day.Natural gas production reached a record high of 34.9 quads in 2019, following record-high production in both 20.The United States is now the number one producer of oil and natural gas in the world.For the first time in nearly 70 years, the United States has become a net energy exporter.Unleashed America’s oil and natural gas potential President Trump Fights for America's Energy Independence Administration Achievements "The result will be even stronger science-based estimates developed through a transparent and robust process.President Trump Fights for America's Energy Independence "As this process proceeds, we are committed to engaging with the public and diverse stakeholders, seeking the advice of ethics experts, and working to ensure that the social cost of greenhouse gases consider climate risk, environmental justice, and intergenerational equity," reads the White House's statement. Other experts believe the cost should be as high as $125 per ton, as New York state estimated last year. "We trust that the Biden Administration will carry out a thorough evaluation of the social cost of carbon before publishing its final assessment of the value next year." "The low value adopted by the Obama Administration was based on the output of economic models that are known to be inadequate and ignore the largest potential impacts of climate change," they wrote. needs to double the Obama-era figure to $100 per ton of carbon dioxide "in order to ensure that policies and regulations are in line with the goals of the Paris Agreement." Biden's decision to quickly get rid of the Trump administration's "risible estimate" was "understandable," but "flawed." Stiglitz and Stern say the U.S.
Professor Joe Stiglitz of Columbia University and Professor Lord Nicholas Stern of the London School of Economics and Political Science said in a statement earlier this month that Mr. The IWG has now been tasked with recalculating the social cost of carbon - as well as the social cost of other greenhouse gases - and providing an updated number by January 2022. That number, however, was settled on by the IWG prior to the group being disbanded in 2017, and does not reflect "recent developments in the science and economics" of climate change, according to a technical support document released by the working group on Friday. Biden's announcement restores the IWG, and brings the cost of carbon back up to $51 per ton of carbon dioxide. Former President Trump disbanded the interagency working group (IWG) that determined the number in 2017, and directed agencies to drastically devalue the social cost of carbon. The social cost of carbon is an estimate of the long-term damage, in dollars, of carbon on our environment. Biden's action restores the number to its Obama-era price-tag, and reestablishes a working group that calculates the economic impact of pollution. President Biden on Friday raised the social cost of carbon, a little-known but important number that informs a wide range of policies regulating industry and energy production.
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