US Election implications for coal

Joe Biden will be the next President. He has promised an aggressive approach to dealing with climate change which will almost certainly have serious implications for the US coal market. The new Administration will have its hands full with many pressing issues – the pandemic, to name the most critical - and it remains to be seen how much priority will be given to climate issues. Additionally, how aggressive – and how soon – the Administration’s efforts begin to have an impact depends, in part, on the results of the Senate run-off races this upcoming January in Georgia. The Party that controls the Senate will have a lot of influence on the Administration’s approach to climate change. Republican control provides an opportunity to slow or moderate legislation or regulations that will affect the coal industry. Of course, the reverse is true if Democrats gain the majority. This Insight explores some of the possibilities as the new Administration takes control.