Brief #129 – Environment Policy
By Todd J. Broadman
With President Biden’s COP26 climate pledge as backdrop, his administration has been issuing oil leases at a record pace. Biden said that climate change is “the challenge of our collective lifetimes, an existential threat to human existence as we know it. And every day we delay the cost of inaction increases.” His pledge is to cut U.S. emissions by up to 51% over the next nine years. At the end of October, the administration had approved 3,091 new drilling permits on public lands at a rate of 332 per month, outpacing the Trump administration’s 300 permits per month in fiscal years 2018-2020.












