In order to navigate these intersecting ecological and economic crises within the necessary (and shortening) time frames, we will likely need to take over and decommission the large fossil fuel extraction corporations that are both one of the leading causes of climate change and one of the primary institutional impediments to addressing it. On its face, this seems absurdly radical and improbable in the type of capitalist system that exists in the United States. However, the United States actually has a long and rich tradition of nationalizing private enterprise, especially during times of economic and social crisis. Importantly, this approach has often been deployed when private companies are hindering national efforts to address a crisis (either through obstruction, incompetence, or incapacity). This history of nationalization, along with other robust government economic interventions, suggests that far from being a non-starter, a public takeover of the fossil fuel industry should be considered an eminently plausible and viable policy option for dealing with the forthcoming climate crisis.