{"id":2171598,"date":"2024-02-08T17:50:02","date_gmt":"2024-02-08T22:50:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/billionaire-climate-investors-behind-bidens-move-to-freeze-new-natural-gas-export-terminals-report\/"},"modified":"2024-02-08T17:52:57","modified_gmt":"2024-02-08T22:52:57","slug":"billionaire-climate-investors-behind-bidens-move-to-freeze-new-natural-gas-export-terminals-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/billionaire-climate-investors-behind-bidens-move-to-freeze-new-natural-gas-export-terminals-report\/","title":{"rendered":"Report: Billionaire Climate Investors Drive Biden&#8217;s Decision to Halt New Natural Gas Export Terminals"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbillionaire-climate-investors-behind-bidens-move-to-freeze-new-natural-gas-export-terminals-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2171598&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Billionaire-Backed Campaign Influences Biden&#8217;s Decision on LNG Exports<\/h2>\n<div>\n<figure><figcaption>(Anna Moneymaker\/Getty\u2064 Images)<\/figcaption><\/figure>\n<\/div>\n<div>\n<p><span>A powerful and long-standing campaign, supported by billionaires, has played a significant role in President Joe Biden&#8217;s \u200brecent decision to halt new permits for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-pauses-new-us-lng-exports-amid-mounting-political-pressure\/\" title=\"Biden administration halts US LNG exports due to growing political pressure\">liquefied\u2063 natural gas<\/a> (LNG) \u2063exports from \u2063the United States, as reported\u200c by the <i><span>Wall\u2063 Street Journal<\/span><\/i>.<\/span><\/p>\n<p><span>Wealthy \u200bdonors, including members of the Rockefeller family and former New York City\u200d mayor Michael Bloomberg, have generously contributed millions of dollars to\u2064 activists and environmental\u2063 groups, fueling\u200b their efforts to \u200clobby against fossil fuels\u200d like\u2063 LNG.<\/span><\/p>\n<p><span>&#8220;They \u2064got our \u200dattention,&#8221; acknowledged\u2062 a senior Biden administration official, recognizing the impact of these environmental groups. Additionally, concerns about understanding the emissions and\u2064 effects\u200d of LNG on the economy and national security were cited as\u2064 reasons for Biden&#8217;s decision to\u200c pause permits for LNG\u2064 export\u200d terminals.<\/span><\/p>\n<p><span>Biden&#8217;s order has received praise from many Democrats and environmental\u2063 groups, including those funded by the \u2063billionaire donors\u200b who advocated for this action.<\/span><\/p>\n<p><span>&#8220;The pause&#8230; is \u2062the \u2063result of a sustained four-year \u200bpush that built upon \u2062years of opposition to\u2062 gas exports by community groups\u200b and lawyers,&#8221; stated Sarah Brennan, an associate \u200cdirector \u2062at the Rockefeller Family Fund, in \u2064an email to \u2063environmental groups following Biden&#8217;s decision. She further emphasized that &#8220;the White House recognized the \u200cpower [of] this campaign,&#8221; \u200caccording to\u200b the <em>Journal<\/em>.<\/span><\/p>\n<p><span>However, leaders in the fossil fuel industry have strongly criticized Biden&#8217;s\u2064 action. Mike Sommers, president of the American Petroleum Institute, expressed his disappointment,\u200b stating, &#8220;This is a win\u2062 for \u200bRussia and a\u2064 loss for American allies, U.S. jobs, and global climate progress.&#8221;<\/span><\/p>\n<p><span>&#8220;There is no review needed\u200c to understand the clear benefits of U.S. LNG for \u2062stabilizing global\u200b energy markets, supporting thousands of American jobs, and reducing emissions around the world by transitioning \u2062countries toward \u200ccleaner fuels,&#8221; Sommers\u2064 emphasized.<\/span><\/p>\n<\/div>\n<p> <\/p>\n<h2> \u200bHow have environmental organizations\u200b and\u2062 influential billionaires \u200dlike Tom Steyer and Michael Bloomberg \u2062been involved\u2064 in the campaign \u2063to halt LNG \u2063exports?<\/h2>\n<p><span>  Gas \u2064(LNG) exports. This move\u2064 has sent shockwaves through the \u200benergy industry and raised concerns about the future of the US as a major LNG exporter. The campaign, led by environmental groups and backed by wealthy individuals, has been pushing \u2063for stricter regulations on LNG exports\u2064 to \u2064combat climate \u2062change.<\/span><\/p>\n<p><span>One of the key figures\u2064 behind \u200bthis campaign\u2064 is Tom \u2063Steyer, a billionaire investor and \u2063philanthropist who has been\u2062 a vocal advocate for clean\u200c energy and \u200dclimate \u2062action. Steyer\u2062 has been actively involved \u2063in various environmental initiatives and has pledged to use his wealth to combat climate change. His influence in\u2064 Democratic circles, as well as his financial support, has\u2062 made him a \u200bpowerful \u2064player\u2063 in shaping \u200benvironmental policy.<\/span><\/p>\n<p><span>Steyer&#8217;s organization, \u200cNextGen America, \u2062has been at the forefront of \u200dthe push to halt LNG exports. It has invested \u200dsignificant resources in lobbying and grassroots campaigns to raise awareness about\u200d the environmental impact\u2063 of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">natural gas production<\/a> and exports. The organization has also\u200d sponsored research and \u2064publications highlighting the negative effects of LNG \u2063exports on climate change.<\/span><\/p>\n<p><span>Another \u200cinfluential billionaire \u2062backing the campaign is Michael Bloomberg, \u200dthe former mayor of New York City and founder of Bloomberg LP. Bloomberg has long been \u200ba champion of environmental \u200bcauses and\u200d has\u2063 supported efforts to transition to cleaner and renewable\u2062 sources of energy.\u200b Through his philanthropic initiatives, \u200cBloomberg has \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/aoc-reintroduces-the-green-new-deal\/\" title=\"AOC Reintroduces The Green New Deal\">allocated substantial funds<\/a> to \u2062support organizations and campaigns aimed at\u2064 curbing greenhouse gas \u200demissions.<\/span><\/p>\n<p><span>Environmental groups, such as \u200cGreenpeace and Sierra Club,\u2063 have also been instrumental in this campaign. \u200dThey\u200c have organized protests, filed lawsuits, and launched media campaigns to draw attention \u2062to the environmental risks associated with LNG\u200b exports. These \u200bgroups argue\u2063 that expanding LNG exports is incompatible with the need to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/more-investment-needed-in-oil-and-gas-production-or-well-live-shorter-more-miserable-lives-report\/\" title=\"Investment in Oil and Gas Production Crucial for Our Well-being: Report\">reduce greenhouse \u2064gas emissions<\/a> and transition to a clean energy future.<\/span><\/p>\n<p><span>Their \u2062efforts seem to have had a significant \u200bimpact on the Biden administration&#8217;s decision\u200b to halt new permits for LNG exports. In his\u2063 campaign, President Biden \u2063promised\u200d to prioritize\u2062 climate change and take aggressive action to \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buttigieg-becomes-the-first-millennial-confirmed-to-a-cabinet-position\/\" title=\"Buttigieg Becomes The First Millennial Confirmed To A Cabinet Position\">reduce greenhouse gas emissions<\/a>.\u2064 With pressure from billionaire-backed\u2062 environmental campaigns, the administration appears to be\u2063 aligning its policies with that pledge.<\/span><\/p>\n<p><span>However, not everyone agrees with the decision. Critics argue that halting LNG exports will harm the US economy and cost jobs. LNG exports have been a \u2063major driver \u200dof economic\u200d growth, particularly\u2064 in states like Texas and Louisiana, where LNG terminals \u2064and associated infrastructure\u200b have been \u200bdeveloped. Additionally, LNG exports have provided\u200d a valuable source of revenue\u2064 for the US, helping to \u200creduce the trade\u200c deficit.<\/span><\/p>\n<p><span>There\u2063 are also concerns about the impact on global energy markets. The US has emerged as a \u2063major LNG exporter in recent years, challenging traditional exporters like Qatar and Australia. \u200cHalting\u2064 new permits for LNG\u200b exports could lead\u2064 to higher prices and energy shortages in key\u2063 importing countries.<\/span><\/p>\n<p><span>The battle over LNG \u2062exports is far from over. While\u200c the\u200b billionaire-backed campaign has succeeded \u200bin influencing\u200c the\u200d Biden administration&#8217;s\u200d decision, it will continue \u200dto face opposition from industry groups and proponents of LNG exports. The outcome of this debate will have significant implications for the future\u200c of America&#8217;s\u200b energy industry and its \u2062role \u200bin the global LNG market.<\/span><\/p>\n<p><span>In conclusion, billionaire-backed campaigns have played \u200ba pivotal\u200c role \u200din shaping President Joe Biden&#8217;s decision to halt\u2063 new permits for LNG exports. Environmental\u200c groups,\u200c led by influential billionaires like\u2063 Tom Steyer and\u2062 Michael Bloomberg, have successfully \u2063raised awareness about the environmental risks \u200cassociated with \u2062LNG \u200cexports \u2062and pushed for stricter regulations. \u2064While this decision has been hailed \u200bby environmentalists, it has \u2064also raised concerns about the impact on the US economy and global energy markets. The battle over LNG exports is likely to \u200ccontinue, and the outcome \u200bwill have far-reaching consequences for\u200d America&#8217;s energy future.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mayor Michael Bloomberg, have been funding a campaign against fossil fuels for years. This campaign influenced President Biden&#8217;s decision to halt new permits for LNG exports<\/p>\n","protected":false},"author":2807,"featured_media":2171600,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2023\/12\/biden-old1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2171598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2023\/12\/biden-old1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2171598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2807"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2171598"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2171598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2171600"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2171598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2171598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2171598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}