Biden Administration Approves $1.8B Texas Oil Export Terminal Despite Backlash from Environmental Groups
• Environmentalists denounce Biden administration's approval of $1.8 billion deepwater oil export terminal off Texas, calling it a "betrayal" that contradicts climate goals • Terminal can load 2 million barrels of crude oil per day onto supertankers - would be largest such facility in the U.S. • Administration says project underwent extensive reviews and meets requirements; says it will have "minimal effect" on greenhouse gas emissions • Environmental groups strongly disagree, say emissions will be equivalent to nearly 90 coal plants, threaten Biden's support • Project still faces legal challenges but sponsor Enterprise Products hails approval after years of review; Cruz calls it major win for Texas energy industry