Daniel Litvin –
As extreme weather events intensify, so too will the political siege on the fossil fuel industry, and rightfully so. But Daniel Litvin warns that an unthinking backlash on Big Oil could have perverse effects for the global energy transition.
Every US president since Ronald Reagan has backed programmes to develop alternative transportation fuels. But there are better ways to foster energy independence and reduce greenhouse gas emissions than using subsidies and mandates to promote politically favored fuels.