Monday, February 21, 2022

Biden Administration Freezes New Oil And Gas Drilling Leases

The Biden Administration, has once again, put a Pause on New Leases and Permits for Federal Oil and Gas Drilling, after a Judge had Blocked the Administration from using a Metric that estimates the Societal Cost of Carbon Emissions.

Societal Cost of Carbon: The idea is to Quantify the Economic Harm caused by the Climate crisis like Sea Level rise, more Destructive Hurricanes, extreme Wildfire Seasons, and Flooding. The Metric uses Economic Models to put a Value on each Ton of Carbon Dioxide emitted.

Earlier this month, U.S. District Judge James Cain of the Western District of Louisiana, issued the Injunction, Preventing the Biden Administration from using "Social Cost of Carbon" in Decisions around Oil and Gas Drilling on Public Land, or in Rules governing Fossil Fuel Emissions.

The Ruling has consequences for a Range of Biden Administration actions on Climate Change, but especially on the Interior Department's Federal Oil and Gas Leasing Program.

In an Appeal filed by Government Attorneys on Saturday night, the Biden Administration argued Cain's Injunction necessitated a pause on All Projects where the Government was using a Social Cost of Carbon analysis in its Decision Making.

The Appeal is the latest in a Legal battle in the Courts between several Republican-led States and the Biden Administration, over the Social Cost of Carbon.

NYC Wins When Everyone Can Vote! Michael H. Drucker

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