Attempts to restrict oil and natural gas production in the United States would result in negative impacts on the environment, according to a recent report, coming at a time when the Biden administration has taken several steps to curtail domestic fossil fuel activity.
Over the past years, there has arisen a “political movement centered in North America and Europe” which focuses on halting oil and gas production in these regions, according to The Environmental Quality Index report (pdf) published by the Institute for Energy Research (IER) this month. “The great irony is that this political movement—which purports to be about protecting the environment—results in oil and natural gas production moving from countries with the highest environmental standards to countries with lower, or even functionally zero, environmental standards,” the report notes….