The global oversupply of oil and gas before the pandemic, plus the massive slump in demand as a result of lockdown, has put the profitability of the sector in extreme crisis. The case for nationalizing energy production has never been stronger.
Sean Sweeney is the director of the International Program on Labor, Climate & Environment at the School of Labor and Urban Studies, City University of New York. He also coordinates Trade Unions for Energy Democracy (TUED) a global network of 64 unions from 22 countries. TUED advocates for democratic control and social ownership of energy resources, infrastructure, and options.