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illuminem summarizes for you the essential news of the day. Read the full piece on TIME News or enjoy below:
🗞️ Driving the news: During the recent presidential debate, Vice President Kamala Harris reversed her previous stance on fracking, now supporting the technology for oil and gas production
• She credited the Inflation Reduction Act (IRA) for both clean energy progress and an increase in domestic oil production
🔭 The context: Harris' shift reflects broader changes in U.S. energy politics, especially since the 2020 oil collapse and the global impacts of Russia's invasion of Ukraine
• Biden’s administration has pushed for both clean energy growth and expanded oil production in response to market pressures
🌍 Why it matters for the planet: The balancing act between fossil fuels and clean energy is critical in addressing climate change
• Harris' support for fracking signals a nuanced approach to energy, essential for managing the transition to renewables while ensuring energy security
⏭️ What's next: Harris will need to defend existing environmental regulations and the IRA, particularly as Republicans aim to roll back key provisions if they return to power
💬 One quote: “We have got to invest in diverse sources of energy so we reduce our reliance on foreign oil,” Harris said during the debate
📈 One stat: The Biden administration has overseen the largest increase in domestic oil production in U.S. history
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