Joe Biden’s pollution rules throw up barrier to US natural gas projects

illuminem summarizes for you the essential news of the day. Read the full piece on the Financial Times or enjoy below:

🗞️ Driving the news: Environmental groups are leveraging new Biden administration air pollution rules to challenge the development of major natural gas export terminals in the US
• The Federal Energy Regulatory Commission (FERC) will now have stricter standards for assessing these projects' impact on air quality

🔭 The context: The EPA has tightened the allowable limit for fine particulate matter, requiring more rigorous scrutiny of LNG projects
• The Department of Energy has also paused new export licenses pending a review, adding to the industry's regulatory challenges

🌍 Why it matters for the planet: The new regulations aim to improve air quality in industrial areas and address the long-term climate impacts of locking in natural gas reliance
• Environmental groups argue this is crucial for the transition to cleaner energy sources

⏭️ What's next: With five major projects awaiting FERC decisions, including Venture Global's $10bn CP2 project in Louisiana, the industry faces increased uncertainty
• The upcoming US elections could significantly alter the regulatory landscape

💬 One quote: "We plan to hold FERC’s feet to the fire to ensure that it follows through and satisfies its legal obligations,” said Tom Gosselin, staff attorney at the Sierra Club.

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