Biden says combating climate change is solution to rising gas prices

Lowering America’s reliance on fossil fuels and increasing the country’s spending on renewable resources are the path to combat rising energy costs, President Biden said during his first State of the Union address Tuesday night.
 
Mr. Biden, although acknowledging that families’ pocketbooks have been hit hard by some of the highest inflation in four decades, declined to detail any significant immediate steps that the administration would take to mitigate rising prices at the gas pump.
 
He reiterated that the U.S. will release 30 million barrels of oil from the Strategic Petroleum Reserve as part of a global effort from oil-producing countries to release a total of 60 million barrels and ease energy prices amid Russia’s invasion of Ukraine.

Read more…

Please follow and like us: