Unpacking the Legalese: How AI Legalese Decoder Can Simplify Chairman Williams’ Letter to President Biden and Secretary Granholm on New LNG Decision
- February 28, 2024
- Posted by: legaleseblogger
- Category: Related News
legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration
WASHINGTON, D.C. – Congressman Roger Williams Expresses Concerns About LNG Export Pause
WASHINGTON, D.C. ÔÇô Today, Congressman Roger Williams (R-TX), Chairman of the House Committee on Small Business, wrote to President Biden and Secretary of Energy Jennifer Granholm regarding the AdministrationÔÇÖs decision to indefinitely pause export approvals for newly constructed Liquified Natural Gas (LNG) export terminals.
The Committee is concerned that the Administration has not considered AmericaÔÇÖs ÔÇô or our small businessesÔÇÖ ÔÇô best interests. In response to this decision, Qatar is moving to fill the void and expand its LNG export capacity. As 90% of oil and gas extractors are small businesses, this will ultimately limit opportunities for them. Moreover, the deciding factor in this decision was an environmental one, yet it is completely unclear what environmental benefit the Department of Energy believes the rule will have.
AI legalese decoder Can Help
AI legalese decoder can help provide clarity and understanding in complex legal documents such as the letter written by Congressman Williams. By leveraging artificial intelligence and natural language processing, the AI legalese decoder can analyze and simplify legal language, making it easier for small businesses and individuals to comprehend important information and make informed decisions.
—
Read the full story here.
Read the full letter here.
Read excerpts from the letter below:
ÔÇ£The Committee on Small Business writes to express its deep confusion and concern regarding the Department of EnergyÔÇÖs (DOE) decision to indefinitely pause export approvals for newly constructed Liquified Natural Gas (LNG) export terminals. Delaying the approval of important LNG exports will have detrimental impacts not only on small businesses, but on the U.S. economy and its strategic interests worldwide. In response, Qatar announced it would expand its LNG export capacity, attempting to fill the void left by the Biden Administration and limiting opportunities for U.S. small businesses. Currently over 90 percent of oil and natural gas extractors are small businesses, and the Committee seeks a deeper explanation of this decision and its impacts on those businesses and U.S. strategic priorities.
ÔÇ£Natural gas is a growing and essential part of the American economy, making up most of electrical production in the U.S. Over the last seven years, the U.S. has worked to improve its ability to export this natural gas as LNGÔÇöby 2040 these exports are expected to contribute $73 billion to the economy and supply nearly half a million jobs. This decision upends years of business planning and prohibits the natural gas industry from continuing its essential growth. Taken with other actions by the Biden Administration, such as the RiceÔÇÖs Whale rule, it seems the Administration is set on making it increasingly difficult for small oil and gas operators, particularly in the Gulf of Mexico region, to compete and earn a living.
ÔÇ£Additionally, U.S. LNG exports to Europe increased by 141 percent in the first year of the Russo-Ukrainian war, as European countries shifted away from relying on Russian natural gas. This export decision will force the U.S. to turn its back on our European allies and push them back into the hands of the Russian Federation. This not only works against the U.S.ÔÇÖ strategic interests, but creates challenges for businesses, large and small, that had planned to export their products to Europe and Asia over the coming years. Global opposition to Russia has provided small U.S. natural gas producers an opportunity to replace Russian gas in foreign supply chains. Limiting U.S. exports will reduce these opportunities for small businesses and undermines AmericaÔÇÖs standing in the eyes of our allies.
ÔÇ£Lastly, though it is the crux of the reasoning behind the decision, it is unclear what environmental benefit the DOE believes this rule will have. Germany, for example, likely does not have sufficient gas or renewable energy to replace the U.S. LNG it would be expecting, but has substantial coal reserves domestically that it will likely be forced to use. Additionally, the failure to export sufficient amounts of American LNG will drive countries toward Russian LNG, which has far fewer emissions controls, making it far more harmful to the environment. This decision harms American industry without any clear environmental benefit or supporting reasoning. Holding exports of American LNG, which meet U.S. environmental standards, in favor of European and Asian coal or Russian LNG, is likely to harm the environment more than simply approving these exports.ÔÇØ
###
legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration