Biden Quietly Approved 2 Million Bpd Texas Oil Terminal

Despite its clear anti-oil stance, the Biden administration has simply accredited a brand new oil export terminal for the Texas Gulf Coast, which can change into the nation’s largest piece of oil export infrastructure.

While the brand new terminal will add some 2 million barrels per day of recent export capability, the information did not garner a lot public consideration and the challenge was green-lighted very quietly, based on the Texas Tribune.

The approval comes amid ideas from Democrats in Congress that the U.S. ought to curb oil exports to safe native provide.

The Tribune famous that the approval of the challenge was filed firstly of the week, after the top of the COP27 local weather convention. However, the regulatory approval of the Sea Port Oil Terminal didn’t go fully unnoticed.

“President Biden cannot lead on combating climate change, protecting public health or advocating for environmental justice while simultaneously allowing fossil fuel companies to lock-in decades of fossil fuel extraction,” mentioned the senior coverage advocate for Earthworks, a local weather nonprofit.

The Houston Chronicle prompt in an earlier report, nonetheless, that regulatory approval doesn’t assure building. The information outlet reported that if constructed, the Sea Port Oil Terminal could be the primary of 4 initiatives proposed in 2019 to materialize. The objective of those initiatives was to make oil-loading extra environment friendly and scale back transportation prices.

“It is gratifying to see the Maritime Administration acknowledge the numerous environmental and maritime security benefits of SPOT in comparison with present trade apply,” said Enterprise Products Partners, the company behind the Sea Port Oil Terminal.

The project involves building a terminal about 30 miles south of Freeport, in Surfside, and a pipeline that will carry oil to the offshore facility from Enterprise Products Partners’ regional network. The new terminal will make it much easier to load larger tankers that normal Gulf Coast ports cannot accommodate.

By Irina Slav for Oilprice.com

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