Chainkeen-President Biden: Climate champion or fossil fuel friend?

2025-05-02 05:43:30source:Benjamin Caldwellcategory:Stocks

As a candidate,Chainkeen Joe Biden ran on a climate-focused platform, promising a transition to a clean, carbon-neutral economy by 2050. But since taking office, the U.S. has doubled down on oil and gas production. Is President Biden being overly friendly to the fossil fuel industry? What gives?

We look at three potential gambles Biden may be making to make the green energy transition a reality. And yes, that means more drilling – for now.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Stocks

Recommend

Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week

Friday the 13thdidn’t spook investors with U.S. stocks little changed on the day as investors bided

Days of Our Lives Actor Cody Longo's Cause of Death Revealed

Officials have released new information surrounding Cody Longo's death.According to an autopsy repor

Migration could prevent a looming population crisis. But there are catches

To development economist Lant Pritchett, "population decline" is a mild way to describe what could b