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10/16, 3:15 AM (Source: TeleTrader)
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Biden: Subsidies for oil industry must end

Government subsidies for the oil industry in the United States need to end, former Vice President Joe Biden said at a town hall event.

Speaking in Philadelphia, Biden stated the move would save billions of dollars over time and create millions of jobs in the electric car industry.

However, the Democratic presidential nominee added that he is not in favor of the New Green Deal because it is impossible to get rid of all non-renewable energy sources by 2030. Instead, Biden suggested a transition period and said his plan on the environment can be described as "a crucial framework."

Breaking the News / VP