Richard Branson: S. Arabia attacking renewable energy with cheaper oil

According to Richard Branson, an entrepreneur, Saudi Arabia isn’t only trying to damage the US’s oil boom by trying to lower oil prices, but also trying to damage the global clean energy industry. The price for solar energy was actually cheaper than oil before oil prices dropped. Branson wants governments to issue a tax on fossil fuel users. OPEC, an association of the countries that produce oil, decided not to cut back on oil production. The price for oil has nearly dropped by half since June 2014. Many oil-producing countries have suffered as a result of the prices dropping.

Richard Branson: S. Arabia attacking renewable energy with cheaper oil

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