Presidential candidate Joe Biden repeatedly promised to end fossil fuels in America. There’ll be "no more drilling, including offshore," he said. "No ability for the oil industry to drill. No more pipelines."
Shortly after reaching the White House, President Biden ended Keystone XL pipeline construction and began working with congressional Democrats, regulators and eco-activists to impose leasing and drilling moratoriums, slow-walk permits, pressure financial institutions to deny funding to fossil fuel companies, and implement "social cost of carbon" rules, "environmental justice" programs, "windfall profit" taxes and other policies to close down or bankrupt fossil fuel projects and companies.
