The 2020 elections were important for the energy market as the two presidential candidates have very different views on the US energy future. While President Trump has generally favored oil and gas production by making more public lands and offshore areas available for drilling and lowering regulatory hurdles that slow development, Mr. Biden is more supportive of energy efficiency measures and a transition to clean energy and renewables.
On January 20, President Biden takes over the presidency, assuming that states certify in the coming weeks that Mr. Biden won the presidential elections. This will affect a number of energy policies, not least the development of pipeline infrastructure, and in particular the future of the Keystone XL pipeline.
Download The Weekly Opinion