Biden urged to unleash Defense Production Act to expand green energy rather than oil production

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Biden urged to unleash Defense Production Act to expand green energy rather than oil production
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Green energy groups want President JoeBiden to invoke the Defense Production Act and build more renewable energy technologies in response to strained energy markets.

More than 200 environmental and other liberal organizations said they support Biden's decision to ban Russian fuel imports, a move meant to put the pinch on Moscow in protest of its war in Ukraine, but urged him to avoid"short-sighted policies" such as enabling more oil and gas production in the face of a worsening energy outlook for U.S. consumers.

"Using the DPA and your other executive powers in this manner won’t just help Ukraine, the rest of Europe, and the U.S. in the short term," the letter said."It will preempt future crises sparked by oligarchs, strongmen, and the climate emergency, and position the U.S. to be a global leader in the just and renewable energy transition that will leave no worker behind."

Benchmark oil prices spiked further Tuesday in response to Biden's decision to halt energy imports from Russia and stood above $130 per barrel for part of Wednesday's trading session, although it is down nearly 12% over its opening price as of this report's publication. Environmental groups, disappointed by the continued approval of permits for drilling on federal land and a now-defunct record offshore lease sale, had been pressuring Biden to more aggressively check fossil fuel production and grow the nation's green energy portfolio before Russia's invasion upended energy markets.

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