Trump, Biden Clash Over Oil Industry During Final Presidential Debate

By Mary Anne R. Oct 23 2020, 11:10 AM EDT

Trump Biden Clash on Oil Industry During Final Presidential Debate — U.S. President Donald Trump and Democratic presidential nominee Joe Biden participate in the final presidential debate at Belmont University on October 22, 2020 in Nashville, Tennessee. This is the last debate between the two candidates before the November 3 election. Jim Bourg-Pool/Getty Images

President Donald Trump and Democrats' bet Joe Biden has once again faced each other during the final stint of the presidential debate.

Trump and Biden clashed on oil industry among other topics.

The president accused the former vice president of wanting to destroy and oil industry as Biden explained that he wanted to transition from the oil industry.

Biden said that the oil industry needs to be replaced by renewable energy over time, while noting that he would also stop handing out federal subsidies to the oil sector.

Trump then commented on Biden's remarks and said, "That's the biggest statement because basically what he's saying is he's going to destroy the oil industry. Will you remember that, Texas? Will you remember that, Pennsylvania?"

However, Biden said that Trump was taking everything out of context, according to a Market Watch report.

He explained that we needed to pursue a net zero emissions, and that is possible by year 2035 in energy production.

Meanwhile, Biden also touted the Green New Deal. This calls for a dramatic reduction in carbon emissions by 2050.

However, conservatives said that it would apply a burdensome cost on U.S. families and businesses.

Bidens stands on the belief that the country would face massive consequences if it does not act to fight climate change.

Biden and others on the left also presented economic benefits from the associated investments in infrastructure projects.

Biden Engaged in Corruption

Trump has been painting Biden as a corrupt Washington figure, without much career in the government despite his 47 years, according to an NPR report.

Trump also cited multiple references to Biden receiving millions from foreign governments, without providing any evidence to support his claims.

Meanwhile, Biden said that many of the allegations Trump made about the Biden family were proving wrong during the impeachment probe.

In retort, Biden mentioned the New York Times report that revealed Trump himself had a Chinese bank account.

The said bank account raised questions about his refusal to release his U.S. tax returns, as well as Trump's own tax payments to China.

Trump then said that he closed his previous account in China and claimed his accountants told him he prepaid millions of dollars in Texas.

Other Issues

The two presidential hopefuls also debated about how to fight the still ravaging pandemic in the United States.

The president said on Thursday that the virus will "go away," while Biden said that the country is heading toward a "dark winter."

Biden added that anyone who is responsible for the many lives that were taken due to the pandemic should not be the president of the United States.

The president, however, blamed the states with Democratic governors leading, saying that this was the problem.

On the issue of race, Biden accused Trump of refusing to condemn white supremacists, citing attacks on Black Lives Matter movement, according to AP News.

Trump them came back by pointing out his initiatives on criminal justice reform and criticizing Biden's support of a 1990s Crime Bill that many feel massively imprisoned Black men.

An NPR report said that both campaigns delivered and mainly wanted to avoid major mistakes during the debate, adding that their eyes are now focus on the final stretch of the election.