"Allies of the oil and coal industry have seized on energy crises overseas and rising gasoline prices in the U.S. to counter President Joe Biden’s plans to combat climate change and force a rapid shift to renewable power.
They’re warning that the dilemma now facing Europe -- where energy shortages have crimped consumers and forced some manufacturers to shut plants -- is a specter of what could happen inside the U.S. under proposals to swiftly curtail the use of fossil fuels."
Jennifer A Dlouhy and Ari Natter report for Bloomberg Green October 6, 2021.
Source: Bloomberg, 10/11/2021