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Many environmentalists back Biden’s move to tap oil reserve

KIFI

By MATTHEW DALY
Associated Press

WASHINGTON (AP) — Democrats and climate activists generally support President Joe Biden’s decision to release a record-setting 50 million barrels of oil from America’s strategic reserve, even as the action appeared to contradict Biden’s long-term goal to fight climate change. The U.S. action announced Tuesday is aimed at global energy markets and helping lower gasoline prices that have risen more than $1 per gallon since January. Biden and his administration insist tapping more oil from the reserve does not conflict with his climate goals — including a 50% cut in greenhouse gas emissions by 2030. They say the short-term fix meets a specific problem, while climate policies are a long-term answer over decades.

Article Topic Follows: AP National Business

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Associated Press

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