The Changing US Energy Landscape
Recently, President Trump met with leaders of the coal and oil industry after being left out of the $2 trillion stimulus package. But recent reports show that even before the COVID-19 crisis, US oil in the Permian Basin was already experiencing a downturn. The economic fallout of the crisis has exacerbated the decline, providing the President with a fresh opportunity to make good on a campaign promise to revitalize struggling coal and oil. As the US continues to make a transition to clean energy, it will be equally, if not more important, to ensure that clean and renewable energy projects and businesses are thriving during and after this crisis. Even with new jobless claims, the industry has a proven track record of stability. It also serves to address climate change, another slow-moving disaster that, if not mitigated, will have negative economic and health impacts.
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