Fight Climate Emergency by Nationalizing US Fossil Fuel Industry, Says Top Economist

Posted on AllSides April 9th, 2022
From The Left
(Photo: RJ Sangosti/The Denver Post via Getty Images)

In the wake of a United Nations report that activists said showed the "bleak and brutal truth" about the climate emergency, a leading economist on Friday highlighted a step that supporters argue could be incredibly effective at combating the global crisis: nationalizing the U.S. fossil fuel industry.

Writing for The American Prospect, Robert Pollin, an economics professor and co-director of the Political Economy Research Institute at the University of Massachusetts Amherst, noted the Intergovernmental Panel on Climate Change (IPCC) and high gas prices exacerbated by Russia's war on Ukraine.

"If we are finally going to start taking the IPCC's findings...

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https://www.commondreams.org/news/2022/04/08/fight-climate-emergency-nationalizing-us-fossil-fuel-industry-says-top-economist

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