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Century Quote by Barack Obama

“We've subsidized oil companies for a century. That's long enough. It's time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.” quote by Barack Obama
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“We've subsidized oil companies for a century. That's long enough. It's time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.”

Barack Obama

About This Quote

Source Speech: Climate Action Forum, 2023

The era of subsidizing oil is over; redirecting funds to clean energy will create jobs and meet climate goals.

In simple terms: Stop oil subsidies, fund clean energy for jobs and climate.

Key Takeaway

Support clean energy tax credits to grow jobs.

Themes

energy policy economics environment

Mood

optimistic urgent

Type

policy advocacy

When to use this quote

  • government budgeting
  • legislative hearings
  • industry transition
  • public advocacy

Key Concepts

climate change tax policy job creation

Questions to Reflect On

  • What incentives can accelerate clean energy adoption?
  • How can communities benefit from the transition?
A Different Perspective

Political opposition may stall policy changes.

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