U.S. Oil Pushes ‘Clean Shale’ as Biden Mounts Climate Attack
- Chevron, Pioneer say U.S. restrictions would boost oil imports
- Shale’s carbon footprint better than peers but gas a concern
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American oil executives began a pushback against some of President Joe Biden’s climate policies by making the case that fossil fuels from U.S. shale have a lower carbon footprint than imports.
Since taking office this month, the Biden administration has made swift moves to pause sales of oil and gas leases on federal land, cancel the Keystone XL pipeline and expand the government’s fleet of clean-energy vehicles. The U.S. oil industry, already under pressure from low prices and investor pessimism, is particularly concerned about limiting access to resources on federal acreage in New Mexico, Wyoming, Alaska and the Gulf of Mexico.