Biden: "We Need to Get Off This Roller Coaster of Relying on Oil"

Federal investments to address climate change, Joe Biden has long said, are about investing in the economy and creating jobs.

But now, amid a war that caused fuel prices to soar and American wallets to feel the pinch, his White House has been forced to reexamine how to balance its economic approach with the President's past ambitious climate policy commitments.

Pitching his social spending plan to the public last year, the President said his proposed spending would create new jobs for America's transition to cleaner energy and equip the country adequately to deal with the toll climate change has taken on American infrastructure. And last year at COP26, the President told world leaders that climate change posed an existential threat, saying that taking action was not just a moral imperative, but also an economic one.