Biden’s quest for cheap gasoline tests his climate goals

Source: By Benjamin Storrow and Scott Waldman, E&E News • Posted: Wednesday, July 7, 2021

┬áPresident Biden prizes cheap gasoline. He has also committed to halving U.S. greenhouse gas emissions this decade. A recent spat between OPEC producers will test whether he can have both. Biden weighed into faltering OPEC negotiations over the weekend, calling for the United Arab Emirates and Saudi Arabia to come to terms over production quotas. A White House spokesman said yesterday that administration officials had spoken to both countries about the need to stem recent upticks in crude prices. Biden’s intervention is not the first time he has moved to stave off an increase in oil prices. The president opposed an effort to index the gas tax to inflation as part of negotiations over how to pay for an infrastructure package, and he has been notably cool to suggestions of imposing a carbon tax