These are two things that Biden had a lot of control over. Leases on federal lands are down, and ESG retirement investment regulations have only been increased in his time in office, with the Labor Department and the SEC institutionalizing ESG incentives rather than reducing them.
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The idea is to reduce America’s carbon output. Biden has been telling the world we want less oil for years now. Now, with the global economy circling the drain into another recession, he’s surprised that global oil producers like Saudi Arabia are listening.
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