Energy Policy:

Environmental author McKibben discusses new subsidy rollback legislation

How would eliminating all fossil fuel subsidies affect the economy? During today's OnPoint, Bill McKibben, environmental author and founder of the grass-roots climate campaign 350.org, discusses new legislation introduced last week by Sen. Bernie Sanders (I-Vt.) and Rep. Keith Ellison (D-Minn.) that would eliminate $113 billion in fossil fuel subsidies over 10 years. McKibben also weighs in on TransCanada Corp.'s recent reapplication for a Keystone XL pipeline permit.