U.S. President Joe Biden’s promise to take action against climate change with a flurry of executive orders and ambitious goals faces political, legal, and economic obstacles from home, which has raised questions if he can meet his commitments reut.rs/3Ee4hYW 1/5
Setbacks include a judge overturning the administration's effort to block new oil and gas leasing on federal lands and rising retail gas prices that have led the White House to publicly ask the global oil cartel, OPEC, to boost production 2/5
Most importantly, heavy political opposition has forced the administration to put its centerpiece climate proposals to halve greenhouse gas emissions by 2030 into a budget reconciliation bill that has an uncertain future in the closely-divided U.S. Congress 3/5
Democrats, who hope to pass the bill by the end of September, are already talking about paring back investments and targets on carbon emissions, fees on methane releases from oil and gas and tax credits for clean energy technologies, among other initiatives 4/5
If Washington fails to deliver ahead of a climate summit in November in Glasgow, Scotland, other global powers, including the world's top greenhouse gas emitter, China, will be reluctant to commit to slashing their own emissions reut.rs/3Ee4hYW 5/5
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