Benoit Faucon and Timothy Puko of The Wall Street Journal write on how rising oil prices are putting Biden in a bind over climate pledges.
- While the Biden administration has looked to limit domestic production of fossil fuels to curb climate change, they have asked OPEC to increase production to ease shortages and lower energy prices.
- Good climate policy should look to provide reliable and affordable energy to consumers.
- The rise in energy costs are showing the limitations of Biden’s climate policy. Rather than a prescriptive “everything but” approach, we should be embracing an “all of the above” energy portfolio that reduces emissions and provides affordable energy to consumers.
Read the full article here.