Larry Summers, a former Treasury Secretary under President Bill Clinton, warns that the U.S. government has made a mistake by taking a hostile approach toward fossil fuels.
“We made a mistake by canceling the Keystone pipeline. We made a mistake by slowing down all kinds of permitting activity. We made a mistake by being hostile as a country to natural gas,” Summers said in an interview with Bloomberg, aired on Oct. 7. “We need a different kind of energy strategy than the one that we’ve had. We need a strategy that is balanced, rather than an unbalanced strategy of total hostility to fossil fuels.”
