Election 2020 Snapshot: Helping our energy clients make sense of the U.S. election results

Through the last several Administrations (Democrat and Republican) the mantra has been “we support an all-of-the-above strategy” to meet U.S. energy needs. Expect that to change. The Biden Administration’s focus will shift to how to achieve sharp greenhouse gas emissions reductions across the economy in the relatively near-term. President-elect Biden has stated that there needs to be a transition away from fossil fuels but acknowledged that it will not happen overnight. However, the net zero carbon emission goals and strategies announced by some of the Nation’s largest electric utilities, oil companies and others outside the energy industry provide an indication of what may be achievable as the new Administration develops energy policy.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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