By Robert Weissman
“Big Oil is on the ropes. The global pandemic has caused people to stop driving and flying, resulting in low prices for crude oil and gasoline, just as the cost of renewable energy becomes competitive.”
“If President-elect Joe Biden is prepared to keep his campaign promises to protect the climate, then he must use this moment to end subsidies, favors, and bailouts for the oil industry. The fossil fuel industry has for too long benefitted from these corporate handouts and too easily called the shots for the Trump administration.”
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