President Joe Biden on Monday is set to announce executive actions to increase renewable energy production while continuing the war on the American fossil fuel industry.
As gas prices reached an eighth consecutive day record high, Biden has focused on more costly and inaccessible green energy.
A source with knowledge of the president's action told CNN that Biden's energy strategy is to boost renewable energy by using the Defense Production Act.
"As part of his multi-pronged approach to accelerate the transition to clean energy made here in America and reduce energy costs, the President on Monday will invoke the Defense Production Act to rapidly expand domestic production of critical clean energy technologies," the source told CNN. Meanwhile, gas prices reached an all-time high of $4.86/gallon on Monday.
Biden is set to meet with Crown Prince Mohammed bin Salman in Saudi Arabia in July.
Biden Energy Secretary Jennifer Granholm told reporters on Thursday that American drivers will have to pay at least four dollars a gallon for the foreseeable future.
"The price of gas is likely to remain above $4 per gallon," she estimated based on Department of Energy data.
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Monday, June 6, 2022
Joe Biden to Announce Renewable Energy Executive Action
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