Political Quotes

“from the beginning, the Biden administration has displayed a hostility to fossil fuels. President Biden set the tone on day 1 of his administration when he canceled the Keystone XL Pipeline, an environmentally responsible pipeline project that was already underway and that was to be paired with $1.7 billion in private investment in renewable energy to fully offset its operating emissions. He almost immediately froze new oil and gas leases on Federal lands and is only now making new onshore leases available for sale after being ordered to do so by a Federal judge. His first budget contained a series of tax hikes on conventional energy production, and his budget this year, released in the midst of an energy crisis, calls for hiking taxes on fossil fuel companies to the tune of tens of billions of dollars. And the list goes on. Perhaps even more troubling, however, is the more insidious campaign the President has been conducting against conventional energy production, using the long arm of financial regulation and government pressure to directly or indirectly discourage investment in fossil fuels and other industries disliked by his political base.…”