U.S. energy tycoon Charif Souki says his industry has to do more to clean up its act as investors increasingly shun fossil fuels and President Joe Biden promises to crack down on oil and gas pollution.

“People have decided to vilify hydrocarbons and some of it is deserved. We have to increase our standards,” said Souki, a dealmaker who pioneered exports from America’s shale patch over the past decade.

Souki, whose company Tellurian Inc. hopes soon to start building a new $16.8 billion export plant to ship natural gas overseas, called for a “complete ban” on methane leaks from gas operations and a nationwide price on carbon, like that in Europe. “It is easy to do. We just have to do it,” Souki told the Financial Times.

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