Biden’s commitment to cut greenhouse gases by 2030 concerns natural gas industry
Tuesday, April 27, 2021
President Joe Biden recently announced a goal of reducing greenhouse gas pollution by 50% by 2030, while creating millions of “good-paying, union jobs,” according to The Philadelphia Inquirer.
While environmentalists were encouraged by the president’s announcement on Earth Day, the natural gas industry is concerned about what this pledge means for its future.
Biden’s recent commitment to cut fossil fuel emissions up to 52% by 2030 from 2005 levels, is just one of many initiatives to impact the fossil fuel industry since he took office earlier this year.
- Biden rejoined the Paris Agreement and set a goal of reaching zero emissions by 2050.
- Biden has pushed action on offshore wind and electric vehicles.
- Biden has revoked orders to promote fossil fuel traction on federal lands.
- Biden has revoked orders to fast-track oil and gas pipelines.
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Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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