General
US President Joe Biden pauses oil and gas leases, cuts subsidies in ‘bold’ climate steps
US President Joe Biden has signed a raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon to the economy.
Key points:
- Mr Biden said clean energy would create millions of well-paid union jobs
- Mr Biden directed the Interior Department to pause new federal oil and gas leases on public lands or offshore waters
- His focus on climate change has upset Big Oil who say millions of jobs will be lost
The orders, signed on Wednesday local time, map out the direction for the Democratic President’s climate change and environmental agenda.
They mark a reversal from policies under his Republican predecessor Donald Trump,…
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