Slash and burn: How Saudis’ Potential Oil Price Cut Could whack green gains

Saudi Arabia is considering dropping oil prices to $50 per barrel, potentially leading to lower gas prices, cheaper heating oil and reduced inflation. However, this could result in increased fossil fuel use and a decline in the adoption of electric vehicles, leading to negative environmental impacts. In other words, while Americans and others around the world may benefit financially, the climate would face long-term harm.