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How Joe Biden Can Cut Off The Fossil Fuel Industry’s Federal Funding

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How Joe Biden Can Cut Off The Fossil Fuel Industry’s Federal Funding

Photo caption: Pool via Getty Images. President Joe Biden […]. Article b

Spoiler: He’ll need a lot of help from Congress.

As part of his sweep of executive orders on climate change Wednesday, President Joe Biden directed his federal agencies to “eliminate fossil fuel subsidies as consistent with applicable law.”

The mandate made good on a campaign promise to cut off the bountiful federal benefits oil, gas and coal companies have received for generations, topping $15 billion a year alone in direct subsidies and tax incentives to fossil fuel producers.

Or, at least, it started to make good on that promise. If Biden wants to seriously halt the flow of taxpayer money to fossil fuel company coffers, he could take more aggressive steps to stop aiding producers and lobby Congress for new laws consistent with his administration’s climate goals. […]

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