Scrap oil subsidies and use money for clean energy
Similar to the lax regulation that led to the banking crisis here in Ireland, efforts to strengthen regulation were blocked by the Cheney-Bush Administration and the industry demanded and achieved essentially voluntary, self-regulation and self-certification.
For instance, when the Minerals Management Service requiring an acoustic backup system to shut off the blowout preventer in the event of a disaster was put forward, lobbying by BP and other oil companies, succeeded in them dropping the demand.