The Biden administration has ordered U.S. government agencies to immediately stop financing carbon-intensive fossil fuel projects

[livingston]

Biden orders U.S. to stop financing new carbon-intense projects abroad​

WASHINGTON, Dec 10 (Reuters) - The Biden administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects overseas and prioritize global collaborations to deploy clean energy technology, according to U.S. diplomatic cables.

"The goal of the policy ... is to ensure that the vast majority of U.S. international energy engagements promote clean energy, advance innovative technologies, boost U.S. cleantech competitiveness, and support net-zero transitions, except in rare cases where there are compelling national security, geostrategic, or development/energy access benefits and no viable lower carbon alternatives accomplish the same goals," a cable said.

"The administration has elevated climate change as a core tenet of its foreign policy," a State Department spokesperson said on Friday in response to a request for comment on the cables. The commitment made in Scotland "will  reorient tens of billions of dollars of public finance and trillions of private finance towards low-carbon priorities, " the spokesperson said.

Biden orders U.S. to stop financing new carbon-intense projects abroad

The Biden administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects overseas and prioritize global collaborations to deploy clean energy technology, according to U.S. diplomatic cables.

www.reuters.com

 

[livingston]

The move underscores how the Biden administration has made fighting climate change one its most urgent policy priorities. Yet the approach creates a major opening for China, which is eager to fund and finance energy projects around the world, often with sums of money the U.S. has been unable to match.
Nevertheless, the policy shift could affect a significant number of potential foreign projects, including terminals in eastern Europe and the Caribbean to receive shipments of U.S. natural gas. It also goes beyond constraining financial aid and rules out other, softer forms of government support, including diplomatic and technical assistance that benefits developers of pipelines, liquefied natural gas terminals and other projects overseas.

Many environmental activists welcomed the plan but stressed the effort should be complemented by a boost in U.S. climate aid overseas. “If the exemptions are implemented in good faith, this guidance should end almost all U.S. international finance for fossil fuels,” said Bronwen Tucker, global public finance campaign co-manager at the environmental group Oil Change International.

Biden Halts Federal Aid to New Fossil Fuel Projects Overseas

The Biden administration has ordered an immediate halt to new federal support for coal plants and other carbon-intensive projects overseas, a major policy shift designed to fight climate change and accelerate renewable energy worldwide.

www.bloomberg.com

 

[GOYABEAN]

Seriously this country won't survive if this and administration continues on course .

 

[ManualF150]

None of this makes any sense... so you are going to limit clean burning fuels like LP, NG, Hydrogen, etc for it to go sky high.... meanwhile, instead, people are burning more wood and other junk that pollutes way more because the price is so high.

This is the first year I have broke out burning more wood than usual and we aren't even into January.

So burning wood is cleaner than me burning LPG? I don't think so.

I also found out that a majority of new homes don't have traditional wood burners (wood stove or fire place).

 

[Shadow rider]

And why is the Fed Gov't giving financial aid to foreign fossil fuel projects in the first place?!

 

[GOYABEAN]

 

[Grimscale]

except in rare cases where there are compelling national security, geostrategic, or development/energy access benefits

Yeah, like the ones that ensure Hunter keeps getting his massive paycheck, part of which goes directly to Joe.

 

[Saltwater60]

They want to push everyone to 100% electric. Been saying this for at least a few years now. Now natural gas is bad. As soon as they get rid of oil it’s next.

 

[fresch]

I have been saying for years:
Residential and light commercial total electric, mass transit, industry, trucking, trains, planes, power plants, use fossil fuels /nukes.

 

[Dr. Evil]

Let's Go Brandon and Let's Go Brandon Voters/Supporters.

 

[livingston]

And why is the Fed Gov't giving financial aid to foreign fossil fuel projects in the first place?!

I can see help sent to construct a port so we can sell natural gas . A win for our exports. Joe is just by shutting this down supporting Putin as a boost to their energy industry. .
Here is what happens

The United States grain embargo against the Soviet Union was enacted by Jimmy Carter in January 1980 in response to the Soviet Union's invasion of Afghanistan in 1979. It remained in effect until Ronald Reagan ended it in 1981 upon taking the office of president.

Brazil hardly produced any soybeans prior to this embargo... No ports, roads fertilizer production. .. Things ramp up due to this embargo ..Cut massive swaths of the Amazon forest to turn it into productive farmland.. Now today this is the result...

As Brazil's annual soybean exports nearly tripled in one decade, the South American country went on to become the largest exporter of this oilseed in the world. This result is mostly associated with an increasing demand from China, the leading destination for Brazilian soybean exports.Jul 2, 2021

Google Search

www.google.com

Someone will always step to fill a void. You think Russia and Iran will shut down their gas and oil production.. or China will not use coal .. They are laughing at us.

 

[Paxal]

None of this makes any sense... so you are going to limit clean burning fuels like LP, NG, Hydrogen, etc for it to go sky high.... meanwhile, instead, people are burning more wood and other junk that pollutes way more because the price is so high.

This is the first year I have broke out burning more wood than usual and we aren't even into January.

So burning wood is cleaner than me burning LPG? I don't think so.

I also found out that a majority of new homes don't have traditional wood burners (wood stove or fire place).

The deal wit wood is that it is carbon neutral relative to human life spans. “Cleaner” is a subjective term.

 

[Steal2B]

They want to push everyone to 100% electric. Been saying this for at least a few years now. Now natural gas is bad. As soon as they get rid of oil it’s next.

There is the potential for more absoute Govenment control in monitoring consumption, easy rationing, or rapidly denying electrical generation or transmission.

 

[Steal2B]

I can see help sent to construct a port so we can sell natural gas . A win for our exports. Joe is just by shutting this down supporting Putin as a boost to their energy industry. .
Here is what happens

The United States grain embargo against the Soviet Union was enacted by Jimmy Carter in January 1980 in response to the Soviet Union's invasion of Afghanistan in 1979. It remained in effect until Ronald Reagan ended it in 1981 upon taking the office of president.

Brazil hardly produced any soybeans prior to this embargo... No ports, roads fertilizer production. .. Things ramp up due to this embargo ..Cut massive swaths of the Amazon forest to turn it into productive farmland.. Now today this is the result...

As Brazil's annual soybean exports nearly tripled in one decade, the South American country went on to become the largest exporter of this oilseed in the world. This result is mostly associated with an increasing demand from China, the leading destination for Brazilian soybean exports.Jul 2, 2021

Google Search

www.google.com

Someone will always step to fill a void. You think Russia and Iran will shut down their gas and oil production.. or China will not use coal .. They are laughing at us.

There are sound reasons why we abandoned use of our LNG tankers. LNG carriers have not been built in the United States since the 70s and no LNG carriers are registered under the U.S. flag. Their use near any population center make Chernoybol nuke designs with positive thermal reactivity coefficients look safe in comparison.