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Time has come to nationalize the US fossil fuel industry

Carla Santos Skandier

As we gear up for a war-type of mobilization to mitigate the climate crisis, a federal takeover of the oil, gas and coal industry should be on the table. By nationalizing the fossil fuel industry — the core industry that keep fueling the extractive mentality and further promoting social and environmental inequalities — through the sovereign monetary power of the Fed, we will be able to unleash the potential for an economy where sustainability, equity and democracy are at its center.