Even as President Biden has stressed the short-term need to increase oil and natural gas output and expedite liquefied natural gas (LNG) project development, the 2023 budget released by the administration Monday focuses almost entirely on transitioning away from fossil fuels.

President Biden

The president’s 2023 budget request for $5.3 trillion total includes funds for the Department of Energy (DOE) that could amount to $48.2 billion in discretionary funding, up 15.1% year/year. The main areas are domestic clean energy manufacturing, environmental cleanup/justice and the security of the nuclear weapons stockpile.

The administration said the budget is aimed at achieving Biden’s climate goals of a 50-52% reduction from 2005 levels in economy-wide net greenhouse gas pollution by 2030, on the...