Chevron's CEO Slams Biden's LNG Policy Over Cost & Emissions Concerns
Chevron(CVX) ZACKS·2024-09-18 19:51
Chevron Corporation’s (CVX) CEO Mike Wirth openly criticized the Biden administration's recent decisions related to the natural gas sector, particularly the halt on new liquefied natural gas (“LNG”) export licenses. Speaking at the GasTech conference in Houston, Wirth argued that this pause will lead to higher energy costs, disrupt supplies for U.S. allies and inadvertently increase emissions by delaying the shift from coal to natural gas. Risks to Economic Prosperity From LNG Export PolicyWirth contended t ...