U.S. Became the World’s Largest Exporter of Liquified Natural Gas in 2022

"The fossil fuel industry achieved the milestone despite the Biden administration’s ambitious climate goals for reducing greenhouse gas emissions—and with the president’s full support."

"When environmentalists look back on 2022, they might remember it as the year the United States finally passed a major climate change law. Some advocates worry, however, that this significant victory is being undermined by a long-term trend that accelerated while that law—the Inflation Reduction Act—was being negotiated.

In the first half of the year, the United States became the world’s top exporter of liquified natural gas, or LNG. Then, in September, crude oil exports hit an all-time high when the country sent abroad about 4 million barrels per day.

The sharp rise in crude oil and natural gas exports has been supported by a bipartisan consensus that has spanned three consecutive presidential administrations, each of which has viewed energy exports as a lever of foreign policy. More than anything, though, it is the culmination of a sustained campaign by the oil industry that has seen production soar even as domestic demand for its fuels threatens to decline."

Nicholas Kusnetz reports for Inside Climate News January 1, 2023.

Source: Inside Climate News, 01/03/2023