About a week ago, alternative energy plays scored crucial wins seemingly at the expense of the oil and gas sector after President Biden ramped-up his radical climate agenda by announcing plans to halt new oil and gas leasing on federal territory in a bid to become carbon-neutral by 2050. Some of the biggest oil companies, including ExxonMobil Corp.
(NYSE:XOM) and Chevron Corp. (NYSE:CVX), are actively drilling on federal lands in New Mexico. Biden has also touted a $2 trillion clean energy pledge, easily the biggest investment by the federal government…The Single Biggest Threat To Big Oil
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