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How Biden Lost The Support Of A Key But Quiet Ally: Big Oil

by Jack Birle
May 27, 2024, 9:28 AM
in Energy, News
Reading Time: 3 mins read
A A
3

biden solar farm

President Joe Biden has pushed forward environmental policies throughout his tenure in office while still keeping the oil industry content, but recent moves have caused many to take a second look at his opponent before the November election. [emphasis, links added]

Last year, U.S. oil production reached an all-time high, something the Biden administration has not highly publicized, in an attempt to keep alternative energy activists from turning up the volume on their concerns about his commitment to their policies.

Biden has pushed for green energy, touting climate policies and laws like the Inflation Reduction Act, which has included several climate initiatives, while not making too much of an enemy of the oil industry.

His attempt to straddle both sides appears to have hit a head with recent actions, most notably his decision to pause on new U.S. liquefied natural gas exports to non-free trade agreement countries.

The decision, along with his limitations on oil drilling across the country — specifically in Alaska — has caused some in the industry to reconsider their quiet support.

Trump recently met with oil executives in a dinner at Mar-a-Lago that has come under scrutiny from Democrats.

Trump was reportedly looking to woo the executives to donate to his campaign while touting what he would do in a second term to benefit his campaign. He was seeking high-dollar donations from the executives, as he still battles a hefty campaign across the country and in the courtroom.

The New York Times reports that MAGA Inc., a super PAC supporting Trump, held a fundraising lunch later in the month in Houston, Texas, with three oil industry executives hosting the event.

The outlet reported that to some in the industry, the decision to pause new U.S. LNG exports was a “wake-up call” on Biden’s energy policy, and it could ultimately amount to support for Trump in November.

Biden has worked to garner the support of environmental groups, with the Democratic base being vocally in favor of alternative forms of energy from fossil fuels. He has the backing of many environmental groups, with four of the major organizations endorsing him last year.

…to some in the industry, the decision to pause new U.S. LNG exports was a “wake-up call” on Biden’s energy policy, and it could ultimately amount to support for Trump in November.

In the announcement of the endorsement, Sierra Club National Executive Director Ben Jealous said Biden “has acted courageously during a critical inflection point in the climate fight” and added that “no other administration has done more to move us forward.”

While there was high praise in the June 2023 statement, the group still made clear in the announcement that they would “continue to hold this administration accountable when it falls short” and aired their problems with environmental policy.

Environmental matters are only one matter that the Biden administration has looked to straddle as the president runs for a second term.

Mass protest votes over the White House’s stances on the war in Gaza have also caused problems for Biden’s reelection effort, with the administration continuing to evolve on that matter.

Read more at Washington Examiner

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Comments 3

  1. Sonnyhill says:
    1 year ago

    Is it unreasonable to ask for proof that renewable energy is affecting the climate positively? It’s easy to see that it’s a blight on our environment. We have no control of the Earth’s atmosphere. This who claim that we do, politicians, are liars.

  2. Steve Bunten says:
    1 year ago

    For the oil and gas industry to even quietly spiring Biden remind me of the old saying about feeding the alligator hoping to be eaten last. Biden has done zero to support their industry and with it our economy.

  3. SPURWING PLOVER says:
    1 year ago

    Big Oil has already been vilified by the M.S. Media Bottom Feeders and the various Eco-Freaks Biden is losing voters each day

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