The Biden administration’s goal of combating climate change through incentives in its signature Inflation Reduction Act cannot be accomplished without permitting reform, ConocoPhillips CEO Ryan Lance said at the CERAWeek energy conference in Houston Tuesday.
Without reforms to the permitting process, developing infrastructure for low-carbon alternatives to oil and gas would be “procedurally impossible,” Lance said, according to Reuters.
Several other mining and energy executives made similar comments at the conference Monday.
In the news: Mexico’s President Accuses U.S. Of “Sensationalism” After 2 Americans Abducted By Cartel Found Dead
White House Deputy Chief of Staff John Podesta stressed that the Biden administration considered permits for “clean energy infrastructure” a “top priority,” according to The Washington Post.
In exchange for Democratic Sen. Joe Manchin of West Virginia’s vote in favor of the Inflation Reduction Act, Senate Majority Leader Chuck Schumer — then minority leader — promised that the Senate would pass Manchin’s permitting reform proposal.
Despite President Joe Biden’s support, the bill ultimately stalled under progressive criticism that it would streamline fossil fuel investments and conservative criticism that it failed to go far enough, E&E news reported.
Lance also said the permitting process for Conoco’s Willow project, a north Alaskan oil drilling operation, had been politicized and “has made very little sense,” according to Reuters.
In the news: Florida Gov. DeSantis Vows To ‘Swing For The Fences’
The project was initially approved in 2020 by the Trump administration and has received bipartisan support from Alaskan lawmakers.
According to CNN, the Biden administration is expected to issue a ruling on a scaled-down version of the project this week.
“If we don’t get [oil] from Alaska, it’s going to come from someplace,” Lance said, according to Reuters. “It’s going to come from probably someplace else around the world that has less environmental standards than what the state of Alaska has.”
Android Users, Click Here To Download The Free Press App And Never Miss A Story. Follow Us On Facebook Here Or Twitter Here. Signup for our free newsletter by clicking here.
Login To Facebook From Your Browser To Leave A Comment