Biden halts oil, gas leases amid legal fight on climate cost
2 years, 10 months ago

Biden halts oil, gas leases amid legal fight on climate cost

Associated Press  

WASHINGTON — The Biden administration is delaying decisions on new oil and gas drilling on federal land and other energy-related actions after a federal court blocked the way officials were calculating the real-world costs of climate change. Changing the value of key parameters such as the social cost of greenhouse gases would require agencies to “re-run numerical models and simulations that they may be using to develop impact assessments,’' he added, and may force agencies to review the new figures, “which can take even more time.’' The ruling by Cain, a Trump appointee, came after 10 Republican attorneys general sued over Biden’s executive order, arguing that Biden lacked authority to raise the climate-cost estimate under the Constitution, which gives that power solely to Congress. Cain agreed, writing that use of the climate damage figure in oil and gas lease reviews would “artificially increase the cost estimates of lease sales” and cause direct harm to energy-producing states. After the Biden administration missed a deadline to announce a planned lease sale in his state, Wyoming Sen. John Barrasso said the administration “continues to defy the courts and the law’’ by failing to move forward on oil drilling on public lands. Despite his campaign promise, Biden and Interior Secretary Deb Haaland have continued to issue new permits for oil and gas leasing on federal lands, actions that McKinnon called “a spectacular failure of climate leadership on the world stage.’' University of Chicago economist Michael Greenstone, who helped establish the social cost of carbon while working in the Obama administration, called it an important tool to confront climate change.

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