Biden hosts climate meeting amid high gas price pressure
WASHINGTON (AP) — Equating the oil and gas industry to Big Tobacco, United Nations Secretary-General Antonio Guterres said Friday that "fossil fuel producers and financiers have humanity by the throat." But President Joe Biden wasn't quite itching for a fight.
With both soaring energy prices and a warming planet weighing on the world at the Major Economies Forum on Energy and Climate, Biden talked about trying to ease the pain of high gas prices while pushing more long-term green policies.
Dismissing the idea of boosting gasoline production, the United Nations' top diplomat threw out traditional diplomatic niceties and bluntly vilified the fossil fuel industry at a virtual session that included oil rich Saudi Arabia, China, Europe and Egypt, which is hosting the next United Nations summit on climate change. It was the first time Guterres compared the energy industry to tobacco interests, saying they use "the same scandalous tactics" to delay action that is good for people and the planet.
Biden reiterated his goal to lower gasoline prices that are averaging a record $5 a gallon in the U.S. while also shifting away from fossil fuels in order to limit climate change and the risks it presents.
"I'm using every lever available to me to bring down prices for the American people," Biden said. "But the critical point is that these actions are part of our transition to a clean and secure and long-term energy future."
Biden is also expected to visit Saudi Arabia next month. The White House recently praised the kingdom after OPEC+ announced that it would pump more oil to boost the global supply.
Guterres dismissed more drilling, saying "nothing could be more clear or present than the danger of fossil fuel expansion."
"Even in the short-term, fossil fuels don't make political or economic sense," Guterres said.
"Had we invested earlier and massively in renewable energy, we would not find ourselves once again at the mercy of unstable fossil fuel markets," Guterres said.