Democratic presidential candidate Joe Biden said Thursday he would aim to end the oil industry by transitioning completely to renewable energy.
Asked by President Donald Trump during Thursday night’s final presidential debate whether he would “close down the oil industry,” Biden said he would.
“I would transition from the oil industry, yes,” Biden said, adding that “the oil industry pollutes” and “has to be replaced by renewable energy over time.”
Biden added that he would end subsidies for the oil and gas industry. Trump called it “the biggest statement in terms of business” of the debate.
PRESIDENT DONALD TRUMP: Would you close down the oil industry?
FORMER VICE PRESIDENT JOE BIDEN: I would transition from the oil industry, yes.
TRUMP: Oh, that’s a big statement.
BIDEN: It is a big statement.
KRISTEN WELKER: Why would you do that?
BIDEN: Because the oil industry pollutes. It has to be replaced by renewable energy over time. And I’d stop giving federal subsidies to the oil industry. He won’t give federal subsidies to solar and wind. Why are we giving it to the oil industry?
TRUMP: We actually do give it to solar and wind. And that’s maybe the biggest statement, in terms of business, because basically what he’s saying is he’s going to destroy the oil industry. Will you remember that, Texas? Will you remember that, Pennsylvania? Oklahoma? Ohio?
H/T Free Beacon