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

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Biden doubles down on green energy as OPEC cuts production, prices soar
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The White House issued a joint statement with the European Union, reaffirming its commitment to the 'energy transition' even as global oil prices surged.

, 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.

"The Task Force also discussed solutions for reducing gas and electricity use and costs through flexible demand response mechanisms that reward customers for reducing or shifting their energy usage," it continued.

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