About a week ago, alternative energy plays scored crucial wins seemingly at the expense of the oil and gas sector after President Biden ramped-up his radical climate agenda by announcing plans to halt new oil and gas leasing on federal territory in a bid to become carbon-neutral by 2050. Some of the biggest oil companies, including ExxonMobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX), are actively drilling on federal lands in New Mexico. Biden has also touted a $2 trillion clean energy pledge , easily the biggest investment by the federal government into the sector. As you might expect, the fossil fuel sector has been up in arms against the president’s latest pledge. Mike Sommers, chief executive of the American Petroleum Institute, has quipped: “Energy abundance or foreign dependence. American jobs or overseas jobs. Economic revival or small-town decline. Progress or retreat,’’ while adding that, “Thus far, President Biden is […]