President Joe Biden recently announced a goal of reducing greenhouse gas pollution by 50% by 2030, while creating millions of “good-paying, union jobs,” according to The Philadelphia Inquirer.
While environmentalists were encouraged by the president’s announcement on Earth Day, the natural gas industry is concerned about what this pledge means for its future.
Biden’s recent commitment to cut fossil fuel emissions up to 52% by 2030 from 2005 levels, is just one of many initiatives to impact the fossil fuel industry since he took office earlier this year.
- Biden rejoined the Paris Agreement and set a goal of reaching zero emissions by 2050.
- Biden has pushed action on offshore wind and electric vehicles.
- Biden has revoked orders to promote fossil fuel traction on federal lands.
- Biden has revoked orders to fast-track oil and gas pipelines.
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