A climate choice in low oil prices

OR AS LONG AS THE WORLD HAS BEEN trying to tackle climate change, oil has presented a unique challenge. The fossil fuel, the production and use of which emits greenhouse gases into the atmosphere, is central to modern society. It powers the world’s economy, and industry leaders wield enormous political power—all of which is still true. But the world of oil is changing. Notably, the U.S. benchmark price for oil started 2020 at more than $60 per barrel, but thanks to a price war and the COVID-19 pandemic’s