Washington D.C. – In response to President Biden’s press conference calling out oil and gas companies for price gouging consumers and the Bureau of Ocean Energy Management (BOEM)’s announcement today of two new offshore wind energy areas in the Gulf of Mexico off the coasts of Texas and Louisiana, the League of Conservation Voters (LCV) released the following statement from Senior Vice President of Government Affairs Tiernan Sittenfeld:
“We’re glad that President Biden didn’t mince words today – it is past time for Big Oil to pay the price for war profiteering. It is abhorrent for the oil and gas industry to enjoy the greatest windfall in history, raking in outsize, immoral profits while our communities and families struggle to pay high gas prices. At the same time, we’re encouraged by the Biden-Harris administration’s continued expansion of affordable clean energy. The two new wind energy areas announced in the Gulf of Mexico today have the potential to provide clean energy to nearly 3 million homes while creating good-paying union jobs, lowering household energy costs, and tackling the climate crisis.
“Thanks to the Biden-Harris administration’s leadership, our country is taking action to hold Big Oil accountable while building an affordable clean energy future that works for everyone.”
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