Biden admin's LNG export ban puts nearly 1 million jobs at risk: study
Story by Eric Revell • 20h
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The Biden-Harris administration's ban on new permits for liquefied natural gas (LNG) exports threatens nearly one million jobs over the next two decades if the restriction remains in place, a new study finds.
The National Association of Manufacturers (NAM) conducted a study in partnership with PwC that was shared exclusively with FOX Business and found that between 515,960 and 901,250 jobs – as well as about $103.9 billion in labor income – would be threatened if the ban remains in place through 2044. The analysis used the Department of Energy's outlook prior to the ban announcement to calculate its potential long-term impact.
The export ban would stifle the U.S. GDP by between $122.5 billion and $215.7 billion in 2044, while between $26.9 billion and $47.7 billion in tax and royalty revenues to federal, state and local governments would be at risk in 2044 if the permit pause persists, the study found.
https://www.msn.com/en-us/money/markets/biden-admin-s-lng-export-ban-puts-nearly-1-million-jobs-at-risk-study/ar-AA1snjV9?ocid=msedgdhp&pc=HCTS&cvid=1c476225efb24f2fa43ffa4fbb0f097f&ei=26
