Old: “Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully.”
New: “Depend upon it, sir, when a man knows the midterm elections are in November, it concentrates his mind wonderfully.”
Any threat to politician’s cushy seats on the .gov gravy train is always cause for them ‘rethink their position’.
BLUF:
We should remember that lease auctions are only the first steps in the process. Next comes permits and mountains of paperwork and red tape. And, oil and gas drillers have to decide if it is prudent to pursue drilling during the Biden administration, given its hostile attitude to fossil fuels. At times like this, with energy prices skyrocketing, and the Biden administration going hat in hand to nefarious actors to beg for oil, it certainly is in our national interest to go back to what works and reestablish our energy independence.
Biden administration resumes plans for oil and gas drilling on federal land.
The Biden administration is finally moving forward with re-starting the leasing of federal land for oil and gas drilling. The Interior Department made the announcement after a federal appeals court ruled in favor of the administration last week. The “social cost of carbon” value is factored in measuring the cost of climate change in the drilling process. The court ruled that the administration can use a higher calculation value of per ton of greenhouse gases emitted in the federal decision–making process.
When Joe Biden ran for president, he promised to stop federal drilling auctions, but that effort has caused Republican-led states to file court challenges. Since he took office in January 2021, Biden’s administration has provided a string of stops and starts to the federal oil and gas leasing program. Biden wants a return to the Obama-era value of $50 per ton of greenhouse gases emitted, while Republicans prefer the calculation used during the previous administration of $10 per ton.
The Interior Department said there would be a delay in upcoming federal oil and gas lease sales last month because a Louisiana federal judge blocked the administration from using its much higher social cost of carbon value when it factors in the risks of climate change in decision-making on permits, investments, and regulatory issues. That changed last week when a federal appeals court ruled in favor of the administration. It issued a temporary permit to use $50 per ton of greenhouse gases emitted. The Biden administration is being allowed to refigure the metric of calculating the alleged cost to society from greenhouse gas emissions, at least temporarily.
“With this ruling, the Department continues its planning for responsible oil and gas development on America’s public lands and waters,” Interior Department spokeswoman Melissa Schwartz said in an email. “Calculating the social cost of greenhouse gas emissions provides important information that has been part of the foundation of the work the Interior Department has undertaken over the past year.”