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Who Would Be The Best Presidential Candidate For Energy Companies?

Posted on February 9, 2016 by TRP

Hillary Clinton as president would likely continue many of the policies advocated by President Obama. For instance, Clinton has been cited as being against offshore oil drilling, against the Keystone XL pipeline, and against drilling in the Arctic.

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In addition, Clinton supported the December 2015 Paris Climate Accord. All of this suggests she would likely be inclined towards new regulations that would harm utilities, conventional energy companies, and automakers. As a staunch advocate of environmental policies, Clinton would likely take various actions to support solar and wind power companies. With the recent passage of continuing subsidies for those industries, it is unclear what additional concrete measures Clinton could take to help renewable energy companies, so a Clinton Presidency might have a muted effect on those firms. It would likely have a pronounced negative impact on all conventional energy firms.

Bernie Sanders

Sanders is arguably even more progressive than Hillary Clinton, so it is likely that he would adopt all of the same policies as Clinton or Obama, and potentially put even greater restrictions on conventional energy production. While Obama’s proposed $10-per-barrel tax on oil is not going to happen during his presidency, if Sanders were to become president, it is possible circumstances could arise that would allow him to implement that tax, which of course would be extremely damaging to oil companies. Sanders is also in favor of a tax on carbon emissions which would have wide ranging impacts for numerous businesses across a variety of industries. By and large then, a Sanders presidency would likely be harmful for most major U.S. manufactures and energy companies.

Read Full Article => Who Would Be The Best Presidential Candidate For Energy Companies? | OilPrice.com

 

 

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