I wrote you two days ago with provisional good news—it looked as if the long and deep fight to rein in runaway LNG export growth had scored a huge victory. The succeeding 48 hours have been full of joy, because that news turned out to be entirely true. As the White House confirmed with the official release of its policy at 5 a.m. this morning, all new licenses for LNG export terminals are hereby halted, until the policies used to figure out if they’re in the “public interest” can be updated to include modern economics and science.
That this is a huge victory can’t be said strongly enough—for the people in the Gulf who have fought so long and hard (it was such fun to join Roishetta Ozane et al in a press conference this morning), and for the planet. This is the biggest check any president has ever applied to the fossil fuel industry, and the strongest move against dirty energy in American history. And if you have any doubts, check out the tears of outrage from Big Oil. (Fox News coverage here, if you’re experienced in handling schadenfreude).
But our job is to look ever forward, and hence are some thoughts about what this means for the fight in the hottest year humans have ever seen
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