White House halts enormous natural gas projects in victory for environmentalists

[LumRaiderFan]

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From the article:

The White House is halting the permitting process for several proposed liquefied natural gas (LNG) export terminal projects over their potential impacts on climate change, an unprecedented move environmentalists have demanded in recent months.

🤦‍♂️

[tvc184]

Wow, shocked!! 🤣

[BS Wildcats]

This administration is doing its best to destroy this country.  Is this what you voted for?  Big girl, ut alum, nappyhead, and any other of you poor souls that voted for this Dummycrat.  You must really feel like fools for voting for this.

[1970]

I saw this just this morning, after I had bought some shares of Chesapeake Energy.  The stock price dropped some but then recovered later.  Per an article in Barron's, the pause in permitting won't affect any projects that were going to come on line before 2027, and in fact could help local LNG players such as Cheniere.

"Some analysts think that a plant delay could help some of the existing players in the industry. One of those is 

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, which built the first U.S. LNG export facility and whose market share was threatened by an influx of competitors. “Current projects and operations are also not impacted, which means regulation could have the impact of slowing competitor supply growth in a period where Cheniere’s marketing arm could benefit from wider margins,” wrote Citi analyst Spiro Dounis." 

 

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