Joe Biden doesn’t want to wipe out the oil industry as Trump claimed

On October 26th, at a campaign rally in Allentown, PA, President Donald Trump told the crowd that his political rival Joe Biden wants to dismantle the country’s oil and gas industry, a move he warned would have devastating consequences for Pennsylvania families. We rate this claim as false. Biden has said that he won’t ban fracking, the controversial drilling technique used to extract natural gas from deep in the Earth that has caused serious concerns from environmentalists. Biden has said he wants to stop proposed new fracking on government-owned lands. As far as “dismantling the country’s oil industry,” Biden has repeatedly said that he wants to reduce the country’s reliance on oil by investing heavily in renewable energy.

As reported by Jessica Calefati at Politifact…

Biden wants to reduce the country’s reliance on oil by investing heavily in renewable energy, and he plans to pay for part of that investment by ending federal subsidies for oil companies. He doesn’t want to wipe out the oil industry as Trump claimed.

Some oil executives have even cheered Biden’s support for the development of technology that captures greenhouse gas emissions before they reach the atmosphere, allowing companies to safely burn fossil fuel for years to come.