When did federal subsidies end under Biden?

Posted on: June 3, 2022 at 15:18:53 CT

I missed that news flash... What HAS happened is a political climate that has oil companies backing off investing

Biden signed executive orders to halt new oil and gas drilling permits on federal lands and waters. He canceled the Keystone pipeline and suspended oil and gas leases in the Arctic National Wildlife Refuge. He then reinstated the “Waters of the United States” rule to ban energy projects in New Mexico.

Last year, Biden directed the EPA to enact new regulations governing methane emissions from oil and gas production, storage and distribution. They will increase costs well over a billion dollars this year.

He also signed a resolution to cancel Trump's EPA energy production reforms. Biden's move will increase prices with onerous regulations, and will negatively impact consumers and businesses.

Shortly after he took office, without the consent of Congress, Biden rejoined the Paris agreement, which will result in increased "punishing new energy manifestos" that will additionally raise energy costs. Paris energy gurus are pursuing new standards for ozone content that will create barriers for energy project permits. And these levels of air purification are impossible to achieve in any country.

Biden created a number of new oversight agencies to reform and regulate energy. These councils are run by people appointed by him without Senate confirmation. He has given them broad powers to develop new regulations on U.S. energy production without consenting approval from Congress.

The left's Infrastructure Investment and Jobs Act included the climate-change wizard's wish list of new regulations supported by the White House. These will force states to develop carbon-reduction plans that must be increased every four years and be approved by the Department of Transportation. Failure to comply will result in cutting interstate matching funds for highway maintenance projects.

Biden's proposed new carbon taxes on electricity markets will be costly, ineffective and regressive. This is another attempt to pass former President Barack Obama's failed "Cap and Trade" redistribution of wealth stratagem.