Chevron boss Mike Wirth has blasted the Biden administration’s oil and gas policy, saying it was pushing up prices and “undermining energy security” for US allies.
Wirth, chief executive of the US’s second-biggest oil producer, said President Joe Biden’s “attacks on natural gas” and freeze on new export permits for liquefied natural gas terminals had put “politics over progress” and would hurt climate efforts.
“It raises energy costs by taking potential supply off the market. It threatens reliable supplies of LNG, undermining energy security for our allies. And it slows the transition from coal to natural gas, meaning more emissions not less,” Wirth told the Gastech conference in Houston on Tuesday.
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