Biden doubles down on green energy as OPEC cuts production, prices soar

President Biden is doubling down on his push for an economy-wide transition to clean energy sources like wind and solar even as energy prices soar in response to global fossil fuel production cuts.

On Monday, after the Organization of the Petroleum Exporting Countries (OPEC) announced massive oil production cuts, the White House issued a joint statement with the European Union reaffirming that clean energy adoption is critical for enhancing energy security. The statement was a status update on the U.S.-EU Task Force on Energy Security formed amid Russia's invasion of Ukraine last year.