Gulf states will also benefit
By Jonathan Garber
President Biden’s executive orders that put the U.S. on a course to transition away from fossil fuels are a boon for U.S. competitors Russia, Saudi Arabia and other adversaries and pose a threat to national security.
Biden on Wednesday signed an executive order that temporarily bans the issuance of new permits and leases for drilling and fracking on federal lands. He also ordered federal agencies to eliminate fossil fuel subsidies.
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