Climate Power Responds to Biden Administration’s Plan to Counteract Putin’s Price Hike, Cut Costs for Families

Washington, D.C. – Today, President Biden announced several new measures to combat rising energy costs due to Putin’s invasion of Ukraine as well as the refusal of oil and gas CEOs to increase domestic production. In response, Climate Power executive director Lori Lodes issued the following statement:

“The only thing stopping oil and gas CEOs from reducing prices for families is greed, pure and simple. President Biden is right: the only path toward real American energy independence is one that reduces our dependence on fossil fuels and invests in clean energy.

Even during this time of crisis, oil and gas CEOs are misleading Americans to believe they have our best interests in mind, but in reality they are more concerned about enriching themselves and Wall Street investors.   We must speed up our transition to cleaner, cheaper energy made right here in America now. Today’s announcement from the President along with Congressional action will lower costs for families, reduce pollution and make us truly energy independent. There is no time to waste.”