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What will the 2020 elections mean for US energy?
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Report summary
The 2020 elections bring US energy policy to a clear fork in the road. A second term for President Donald Trump would mean a continuation of the strategy of the past four years, which has been supportive of the oil, gas and coal industries. A victory for Joe Biden would mean an ambitious attempt to restructure the US energy sector to curb greenhouse gas emissions. A Biden administration would mean stricter fuel economy standards, an end to oil lease sales in federal lands and waters, and new obstacles to permitting for fossil fuel infrastructure. If Democrats also take control of the Senate, changes could include a higher corporate tax rate and cuts in allowances for oil and gas companies, and perhaps a new tax on carbon. This report sets out the views of Wood Mackenzie analysts on ten key issues for energy in the 2020 elections.
Table of contents
- Ten ways the election results could change the outlook for US energy
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