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illuminem summarizes for you the essential news of the day. Read the full piece on Bloomberg or enjoy below:
🗞️ Driving the news: Vice President Kamala Harris is seen as a tougher opponent to the oil industry compared to President Biden
• As California attorney general, she sued fossil fuel companies, prosecuted a pipeline company, and investigated Exxon Mobil Corp
• Harris' potential presidency could mean more aggressive actions against oil companies and a stronger focus on environmental justice
🔭 The context: Harris' track record includes calling for a fracking ban and opposing offshore drilling, which contrasts with Biden's less stringent actions
• Her role as California’s attorney general involved multiple lawsuits and settlements with oil companies over environmental violations
• She has been an advocate for the Green New Deal principles and environmental justice legislation
🌍 Why it matters for the planet: A Harris presidency could intensify efforts to hold the fossil fuel industry accountable and advance stricter environmental policies
• This shift could bolster the fight against climate change and enhance protections for communities disproportionately affected by pollution
⏭️ What's next: If Harris secures the Democratic nomination and wins the presidency, her administration is expected to prioritize defending and building on Biden’s climate policies
• Her leadership may lead to stronger enforcement of environmental laws and increased penalties for polluters
💬 One quote: "She is the kind of leader who will hold the fossil fuel industry accountable, and that’s what we need right now," said Representative Jared Huffman
📈 One stat: In 2016, Harris' office secured a $14 million settlement with BP Plc subsidiaries over environmental violations
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