1. Tiptoeing Through the Oil Fields.
- Author
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Crowley, Kevin, Dlouhy, Jennifer, and Chipman, Kim
- Subjects
DEMOCRATS (United States) ,CAMPAIGN funds ,RUSSIAN invasion of Ukraine, 2022- ,INFLATION Reduction Act of 2022 ,KEYSTONE pipeline project ,GAS prices - Abstract
During Kamala Harris's tenure as Joe Biden's vice president, the US fossil fuel industry experienced record highs in domestic oil and gas output, refining margins, and company profits. This is surprising considering the administration's pledge to a clean energy revolution and rejoining the Paris Agreement. However, the US government has less control over its oil companies compared to other major oil-producing countries, as shale, the segment responsible for most of the growth in US oil output, is dominated by companies operating on private land. Harris has dialed back her anti-fossil stance, possibly due to political reasons and the importance of swing states like Pennsylvania. The Biden-Harris administration has taken steps to boost its green credentials, but they faced political backlash when gasoline prices increased. Despite the administration's climate bill, the oil industry has largely supported Republican candidates. Environmental groups support Harris due to her commitment to a low-carbon economy and holding polluters accountable. However, Harris has also sought to appeal to voters concerned about pump prices by expressing support for fracking and taking credit for boosting fossil fuels. [Extracted from the article]
- Published
- 2024