TheGlobe.com Inc (TGLO)

[JAB65]

Being held hostage by the "Existential Threat" mindless mob. And all these years I thought Communism was the Existential Threat. Hmmmm?

Congress established a legal timeline of 356 days for an approval or denial of such licenses. To skirt this 356-day timeline, MARAD has asked applicants for additional information, often paused the clock, and has not resumed it in many situations. As a result, the average project approval time has ballooned to approximately 1,000 days, which is close to triple the mandatory time limit.

There can be additional delays to the granting of licenses, such as completing an “Environmental Justice engagement plan” or other burdens under the National Environmental Policy Act (NEPA). For example, the SPOT project was delayed by several months after MARAD asked the applicant to re-publish for public comment a draft Environmental Impact Statement in Vietnamese. The uncertainty over whether and when MARAD will approve these plans (or move the goalposts) makes planning and investment difficult for applicants, thus reducing job growth and hurting allies seeking to import U.S. Energy.

The article goes on to say that MARAD has been slow walking since at least 2019. I think Delfin 's slow walk goes back farther than that.