Biden: I Would Transition From the Oil Industry ‘Over Time’

Nearing the end of the second and final presidential debate in Nashville, Tennessee, on Thursday night, former Vice President Joe Biden said that he would “transition from the oil industry … over time.” When asked, “Would you close down the oil industry?” by President Donald Trump, the Democratic presidential nominee said, “I would transition from the oil industry, yes.” “Oh, that’s a big statement,” Trump responded, visibly surprised. Debate moderator NBC’s Kristen Welker quickly asked Biden why he would do that. “Because the oil industry pollutes significantly,” Biden said. “I see. It’s a big statement,” the president noted. “Let me finish the statement. Because it [the oil industry] has to be replaced by renewable energy over time. And I’d stop giving to the oil industries federal subsidies,” Biden said. He also said that solar and wind doesn’t currently get subsidies, and asked, “why are we giving it to the oil industry?” …