Nov 22, 2019

Federal regulators approve new liquified natural gas projects in Texas

Ben Geman, author of Generate

Liquified Natural Gas refueling station at Big Blue Bus Terminal. Photo: Citizen of the Planet/Education Images/Universal Images Group via Getty Images

The Federal Energy Regulatory Commission Thursday approved three liquefied natural gas export projects in Texas and also green-lit the expansion of a fourth existing operation.

Why it matters: The sign-offs are the latest step in the continuing expansion of U.S. export projects that are tapping into huge domestic supplies and backed by successive administrations.

But, but, but: Bloomberg, which notes the projects would roughly double current U.S. export capacity, reports on "doubts" that they will actually be built. The piece describes the headwinds in the LNG market:

"The nation is already sending more gas overseas than ever as shale output surges. But prices have collapsed amid the U.S.-China trade war and a worldwide glut of the heating and power-plant fuel, making buyers increasingly unwilling to sign the long-term contracts needed to develop multibillion-dollar terminals."

Worth noting: FERC approved six other new projects earlier this year.

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Zuckerberg says Trump’s “shooting” tweet didn’t violate Facebook’s rules

Mark Zuckerberg at the 56th Munich Security Conference in Munich, Germany on February 15. Photo: Abdulhamid Hosbas/Anadolu Agency via Getty Images

Facebook did not remove President Trump's threat to send the National Guard to Minneapolis because the company's policy on inciting violence allows discussion on state use of force, CEO Mark Zuckerberg explained in a post on Friday.

The big picture: Zuckerberg's statement comes on the heels of leaked internal criticism from Facebook employees over how the company handled Trump's posts about the Minneapolis protests and his unsubstantiated claims on mail-in ballots — both of which Twitter has now taken action on.

Updated 26 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7:30 p.m. ET: 5,916,464— Total deaths: 364,357 — Total recoveries — 2,468,634Map.
  2. U.S.: Total confirmed cases as of 7:30 p.m. ET: 1,744,258 — Total deaths: 102,709 — Total recoveries: 406,446 — Total tested: 16,099,515Map.
  3. Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
  4. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.
  5. Business: Fed chair Powell says coronavirus is "great increaser" of income inequality.
  6. 1 sports thing: NCAA outlines plan to get athletes back to campus.

Trump says he spoke with George Floyd's family

President Trump in the Rose Garden on May 29. Photo: Win McNamee/Getty Images

President Trump told reporters on Friday that he had spoken with the family of George Floyd, a black resident of Minneapolis who died after a police officer knelt on his neck on Monday.

Driving the news: Former Vice President Joe Biden said via livestream a few hours earlier that he, too, had spoken with Floyd's family. The presumptive Democratic presidential nominee implored white Americans to consider systemic injustices against African Americans more broadly, Axios' Alexi McCammond reports.