White House Trying to Interfere With Fossil Fuel Industry

White House Trying to Interfere With Fossil Fuel Industry

(TheDailyHorn.com) – In 2020, then-Democratic presidential candidate Joe Biden promised voters he would work to end America’s reliance on oil and natural gas. He also vowed to ban fracking and eradicate fossil fuels. During his first days in office, the president signed multiple executive orders aimed at fulfilling those promises.

Since then, gas prices shot up to an average high of $3.17 per gallon nationwide. Numerous lawsuits are now underway to halt the president’s extreme environmental agenda.

On Monday, July 19, 10 Republican governors released a statement criticizing Biden’s energy policies. They accused the administration of punishing consumers and using executive actions to interfere with the marketplace, and forcing banks to adopt the Left’s environmental agenda by reducing funds to oil, gas, and coal companies.

Biden’s actions included halting new leases on federal lands for oil and exploration and extraction. Additionally, the president ordered a “climate finance plan” that would transition the flow of financial resources from high-carbon investments to Green New Deal expenditures.

But Biden didn’t stop there. He also created a group to study how the federal government might include the “social costs” of carbon emissions as agencies make regulatory decisions.

In one of his very first presidential actions, Biden revoked the Keystone XL pipeline, displacing thousands of workers. The administration now faces numerous lawsuits filed by groups in GOP-led states as they seek to protect localized economies from his destructive policies.

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