Daily on Energy, sponsored by EFP: Biden order could mean trouble for financing oil and gas exports

Published January 28, 2021 5:47pm ET



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SIGNIFICANT PROVISION IN BIDEN ORDER: As the dust settled on President Biden’s climate day, the administration slipped in a potentially important provision, one that would ripple beyond U.S. borders, to the text of his expansive executive order. The order calls for the federal government to plan for ending U.S. financing of fossil fuels overseas, which activists are reading to mean not just withholding coal funding, as the Obama administration did, but also oil and gas.

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