October 6, 2022

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Biden pauses oil and gas leases, cuts subsidies in “bold” climate steps

President Joe Biden on Wednesday signed a raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon to the economy.

The orders map out the direction for the Democratic president’s climate change and environmental agenda and mark a reversal from policies under his Republican predecessor Donald Trump, who sought to maximize U.S. oil, gas and coal output by removing regulations and easing environmental reviews.

Biden said building a modern and resilient climate-related infrastructure and a clean energy future for the United States would create millions of good-paying union jobs.

Another order establishes climate considerations as an essential element of U.S. foreign policy and national security.

"It’s not time for small measures. We need to be bold," Biden said.

MORE: https://globalnews.ca/news/7597523/biden-buy-american-canada-2/

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