10 sources·Politics

Energy Secretary Cautions Against Unrestricted LNG Exports Amid New Study Findings

Energy Secretary Jennifer Granholm warns that unrestricted LNG exports could harm U.S. consumers and the environment, as highlighted in a recent Department of Energy study.

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Updated: Dec 18th, 2024, 6:09 AM ET

Summary

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Energy Secretary Jennifer Granholm has warned that unrestricted LNG exports could increase domestic prices by over 30% and exacerbate greenhouse gas emissions. The Department of Energy's study criticizes the 'business-as-usual' approach to LNG exports, stating that it may displace renewable energy sources and impose an additional $100 annual cost on households by 2050. The report supports a cautious review of LNG export approvals, following a Biden-era pause, amidst opposition from the incoming Trump administration and energy industry advocates who argue for increased LNG development to support jobs and economic growth.

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