The Biden administration has given the green light for the construction of a massive deepwater oil export terminal off the coast of Texas, a decision that has sparked outrage among environmentalists. The Sea Port Oil Terminal in Freeport, Texas, will have the capacity to load two supertankers simultaneously, exporting up to 2 million barrels of crude oil per day. This $1.8 billion project by Enterprise Products Partners has received the final approval after a thorough five-year federal review process.
Environmental groups have strongly criticized the approval of the deepwater port license, arguing that it goes against President Biden’s climate goals and will result in significant greenhouse gas emissions. This move could potentially harm Biden’s relationship with environmental advocates and young voters who are already disillusioned with…
2024-04-11 13:08:26
Originally posted on finance.yahoo.com