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According to Fox News, Joe Biden is facing heavy scrutiny in Pennsylvania following the revelation of his plans to “transition” from the oil industry.
Biden responded to questions about his comment and his mixed messages regarding fracking.
“Look I’m from Scranton, Pennsylvania.”
“My great grandfather was a mining engineer. So I come from coal country. And I’m not talking about eliminating fracking, I just said no more fracking on federal lands,” Biden told CBS Philadelphia.
“With regard to gas, oil, coal all of it, the transition is taking place having nothing to do with anything I’m proposing.”
“The fact is that the fastest growing industries in the country are solar and wind. We can move in a direction where the transition takes place, so that people are not left behind, and we we got to invest in the new technologies.”
“I will not ban fracking, I said no fracking on federal land. I will not ban fracking, number one. Number two, the coal and, excuse me, the natural gas industry, and oil is not going to be fundamentally changed. They’re already in transition.”
“What I’m saying is that we will not continue to subsidize, give tax breaks to the oil companies which amount to $40 billion.”
“They will not get that, and that money will be put into research and development to figure out how to carbon capture what’s coming off of gas and oil,” Biden said.
“What I said was, we’re gonna stop the subsidies for oil, which is about $40 billion. We’re going to take that money, invest it in new technologies for what they call carbon capture. We’re going to still need oil.”
“We’re gonna still have combustion engines, We’re still going to need oil for many things, but what’s happening is you have to do it, and we can work toward getting it done so you can capture the carbon that comes from that gas and that oil.”
“That’s what has to be done.”
From Fox News:
During the final presidential debate, President Trump stated, “That’s maybe the biggest statement in terms of business … because basically what he said is he is going to destroy the oil industry. Will you remember that, Texas? Will you remember that Pennsylvania, Oklahoma?”
The former vice president was asked if there would be “any place for fossil fuels, including coal and fracking, in a Biden administration?”
— Advertisement — To which Biden responded, “No, we would — we would work it out. We would make sure it’s eliminated and no more subsidies for either one of those, either — any fossil fuel.”
