“Joe Biden confirmed his plan to abolish the entire U.S. oil industry.”
President Donald Trump, at a rally in Allentown on Oct. 26
President Donald Trump told supporters at a rally in Allentown that Joe Biden wants to dismantle the country’s oil and gas industry, a move he warned would have devastating consequences for Pennsylvania families.
“Joe Biden confirmed his plan to abolish the entire U.S. oil industry,” Trump said at the first of three rallies he held in Pennsylvania on Monday. “That means no fracking jobs and no energy for Pennsylvania.”
Biden has said repeatedly that he won’t ban fracking, the controversial drilling technique used to extract natural gas from miles beneath the Earth’s surface. (He does intend to stop new fracking on public lands.) But his vision for the oil industry hasn’t gotten as much attention.
Trump’s characterization of Biden’s position is vastly oversimplified, and he’s suggesting Biden doubled down on a stance he never took in the first place.
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. In fact, some oil executives have 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.
Biden’s stance on oil was thrown into question after the presidential debate on Oct. 22, when he said he wants to gradually ease the country’s reliance on fossil fuels.
Here’s an excerpt of the former vice president’s exchange with Trump on the debate stage.
“Would you close down the oil industry?” Trump asked
“By the way, I would transition from the oil industry, yes,” Biden said.
“Oh, that’s a big statement,” Trump said.
Biden stumbled over his words as he tried to explain his position — that he wants the country to transition from fossil fuels to renewable energy over time, and that he wants to end federal subsidies for oil companies. After the debate, he again stressed his interest in eliminating subsidies in interviews with reporters.
But the Trump campaign saw an opening and quickly declared that voters would abandon him in swing states where Biden has led for months.
Biden’s position on oil has been clear since he released his clean energy plan in July.
The document details Biden’s stance on oil subsidies, his support for renewable energy, and his interest in developing technology to capture greenhouse gas emissions, as well as his plan to limit oil companies' methane pollution, ban new drilling on public lands and beneath public waters, and set new fuel economy standards that would reduce U.S. oil consumption by 12 billion barrels.
Trump said Biden wants to “abolish the entire U.S. oil industry.” He’s oversimplifying Biden’s nuanced position — and baselessly saying Biden confirmed that oversimplification. Biden wants to eliminate federal subsidies for oil companies and use that money to invest in renewable energy. Plus, Biden supports the development of carbon capture technology that could help oil companies stay in business. Trump’s statement is inaccurate. We rate it False.
Rev, “Donald Trump Rally Speech Transcript Allentown, PA October 26,” Oct. 26, 2020
The Philadelphia Inquirer, “Trump blitzes Pennsylvania with 3 rallies as coronavirus spikes lead to calls for him to stop,” Oct. 26, 2020
The Philadelphia Inquirer, “Fact-checking Trump’s claim that Biden would ‘immediately’ eliminate fracking and mining in Pa.,” Sept. 24, 2020
The New York Times, “Biden Announces $2 Trillion Climate Plan,” July 14, 2020
The Verge, “Joe Biden recommits to ending fossil fuel subsidies after platform confusion,” Aug. 19. 2020
The New York Times, “Oil and Gas Groups See ‘Some Common Ground’ in Biden Energy Plan,” July 28, 2020
Rev, “Donald Trump & Joe Biden Final Presidential Debate Transcript 2020,” Oct. 22, 2020
ABC News, “Biden campaign seeks to clarify position on fossil fuels after debate exchange,” Oct. 23, 2020
Los Angeles Times, “Biden’s aggressive climate policy runs into backlash in debate aftermath,” Oct. 23, 2020
Biden for President, “The Biden Plan for a Clean Energy Revolution and Environmental Justice,” Accessed Oct. 26, 2020
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