The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

President Joe Biden and Climate Envoy John Kerry (left)

State Department photo/ Public Domain

Reprinted with permission from Alternet

In a speech Wednesday outlining his new executive actions aimed at confronting the "existential threat" of the climate crisis, President Joe Biden said he plans to ask the Democrat-controlled Congress to pass legislation eliminating the tens of billions in taxpayer subsidies the federal government continues to hand Big Oil even as the planetary emergency wreaks havoc in the U.S. and across the globe.

"Unlike previous administrations, I don't think the federal government should give handouts to Big Oil to the tune of $40 billion in fossil fuel subsidies," said Biden. "I'm gonna be going to the Congress and asking them to eliminate those subsidies."

Keep reading... Show less