2.7 C
New York
Thursday, April 22, 2021

U.S. presidential hopeful Biden says he would not ban fracking

Must read

U.S. Labor Market Strengthens Again as Jobless Claims Hit New Post-Covid Low

Sign In/Free Sign Up 0 Economic Indicators5 minutes ago (Apr 22, 2021 08:38AM ET) (C) Reuters. By Geoffrey Smith Investing.com -- The improvement in...

L.A. develops homelessness strategy, but does it have political will?

2/2 (C) Reuters. Homeless encampments line the bike path, as the coronavirus disease (COVID-19) disease pandemic continues, on Venice Beach in Los Angeles 2/2 By Daniel Trotta...

Energy Report: Giving In

The Wall Street Journal reports that, "Two people familiar with the matter said the U.S. is open to lifting terror sanctions against Iran's central...

Russia says it hopes U.S. ambassador’s consultations in Washington won’t be in vain

Politics12 minutes ago (Apr 22, 2021 08:30AM ET) MOSCOW (Reuters) - Russia said on Thursday it hoped U.S. ambassador John Sullivan would use his time...
imagePolitics24 minutes ago (Aug 31, 2020 05:20PM ET)

(C) Reuters. U.S. Democratic presidential nominee Joe Biden holds campaign event in Pittsburgh, Pennsylvania

By Jarrett Renshaw

PITTSBURGH (Reuters) – Democratic presidential candidate Joe Biden said on Monday he would not ban hydraulic fracturing, a controversial method of drilling for crude oil and natural gas, if elected and called Republican assertions that he supports such a ban a lie.

The comment added a level of nuance to Biden’s energy platform, which includes an ambitious timeline for transitioning the U.S. economy away from fossil fuels and an end to new oil and gas drilling leasing on federal lands to fight climate change.

“I am not banning fracking. Let me say that again. I am not banning fracking, no matter how many times Donald Trump lies about me,” Biden said during a speech in western Pennsylvania, home to one of the world’s largest natural gas deposits.

Pennsylvania is a battleground state that could play a decisive role in the Nov. 3 election between Biden and Trump, the Republican president.

Environmental activists say fracking can pollute underground aquifers, an assertion the industry says is overblown. The drilling technology has touched off a surge in domestic oil and gas production, upsetting groups concerned about climate change.

The western Pennsylvania region, once a Democratic stronghold, has become much more Republican in recent years due partly to Democratic plans to phase out fossil-fuel energy.

Biden’s comments were a detour in a speech otherwise dominated by the subjects of civil unrest and the coronavirus, a nod to the vulnerability the former vice president faces as his party becomes increasingly hostile to drilling.

Biden’s position on fracking has at times been confusing.

In a March Democratic primary debate, he said: “No more – no new fracking.” The statement came after his then-rival Bernie Sanders said he would end fracking in the United States to combat global warming.

Biden’s campaign then said he meant he would not allow new federal land-drilling leases.

Trump campaign representative Samantha Zager said Biden’s campaign was “attempting to walk back his previous statements after realizing voters aren’t happy about his proposal to kill thousands of jobs.”

U.S. presidential hopeful Biden says he would not ban fracking

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

- Advertisement -

Latest article

U.S. Labor Market Strengthens Again as Jobless Claims Hit New Post-Covid Low

Sign In/Free Sign Up 0 Economic Indicators5 minutes ago (Apr 22, 2021 08:38AM ET) (C) Reuters. By Geoffrey Smith Investing.com -- The improvement in...

L.A. develops homelessness strategy, but does it have political will?

2/2 (C) Reuters. Homeless encampments line the bike path, as the coronavirus disease (COVID-19) disease pandemic continues, on Venice Beach in Los Angeles 2/2 By Daniel Trotta...

Energy Report: Giving In

The Wall Street Journal reports that, "Two people familiar with the matter said the U.S. is open to lifting terror sanctions against Iran's central...

Russia says it hopes U.S. ambassador’s consultations in Washington won’t be in vain

Politics12 minutes ago (Apr 22, 2021 08:30AM ET) MOSCOW (Reuters) - Russia said on Thursday it hoped U.S. ambassador John Sullivan would use his time...

GBP/AUD: Continuation Of Expanding Wedge

GBP/AUD is currently at 1.7929 in an expanding wedge in a range. We are looking for an immediate move to the ATR target at...