House to Vote on Reversing Biden's Natural Gas-Export Freeze
Source: Bloomberg
January 31, 2024 at 4:09 PM EST
Updated on January 31, 2024 at 6:09 PM EST
The US House of Representatives will vote on overturning the Biden administration’s freeze on liquefied natural gas export approvals, a top Republican said Wednesday.
The vote will take place the week after next, Representative Cathy McMorris Rodgers, who chairs the House Energy and Commerce Committee, said during an interview.
The White House announced Friday it was halting approval of new licenses to export LNG while it scrutinizes how the shipments affect climate change, the economy and national security — a moratorium likely to disrupt plans for billions of dollars in planned developments.
The announcement drew the ire of industry as well as top Republicans — including House Speaker Mike Johnson, who called the move “as outrageous as it is subversive” while empowering adversaries like Russia. While a stand-alone measure would likely be dead on arrival in the Democrat-controlled Senate, it’s possible the issue could emerge as a Republican rider on a emergency-aid package for Ukraine, Israel and Taiwan sought by Democrats.
Read more: https://www.bloomberg.com/news/articles/2024-01-31/house-to-vote-on-overturning-biden-s-natural-gas-export-freeze?srnd=premium
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