KEY POINTS: The Biden administration is delaying decisions on new oil and gas leases and permits after a Louisiana federal judge blocked officials from using higher cost estimates of climate change. The leasing pause is an unintended result of the Feb. 11 decision by U.S. District Judge James Cain, who argued that the administration’s attempt to raise the real cost of climate change would hike energy costs. The ruling has prompted delays and uncertainty across at least four federal agencies that were using higher cost estimates of greenhouse gas emissions in decisions. ********************************************************************************* The Biden administration is delaying decisions on...
