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December 16, 2020

Joe Biden’s pro-clean energy policy limiting the oil and gas sector gains most support: Poll

US President-elect Joe Biden and Donald Trump have proposed contrasting energy policies. Verdict has conducted a poll to assess which energy policies of US presidential candidates’ that readers support.

By Vasanthi Vara

US President-elect Joe Biden and Donald Trump have proposed contrasting energy policies. Verdict has conducted a poll to assess which energy policies of US presidential candidates’ that readers support.

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How are oil and gas companies strategizing in response to the electric vehicle market?

Electric mobility is a crucial element of the successful energy transition. Electric vehicles (EVs) are expected to account for over one-third of the new car sales worldwide by 2031, and so oil and gas companies are reacting with heavy investments across the EV value chain. Such investments are being made in a bid to remain relevant within this exciting segment.  GlobalData’s free report, Oil & Gas Sector Strategies in Electric Vehicles, reveals that transportation accounts for almost half of the petroleum products demand. However, the wider adoption of electric vehicles could slow the pace of petroleum products demand in the future.   Our report includes:  
  • Petroleum products demand forecast till 2026 by sector 
  • Potential targeted areas for oil & gas companies to enter the EV value chain 
  • EV strategies of oil & gas companies across major regions in the world 
Use this report to help navigate a new frontier for the oil & gas industry.  
by GlobalData
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US presidential candidates' energy policies

A majority of 38% of the respondents supported Joe Biden’s pro-energy policy limiting the oil and gas sector, while 36% supported Donald Trump’s pro-oil and gas sector policy.

The remaining 26% of the respondents did not support either of the policies and felt that equal importance should be given to fossil fuels and renewables.

The analysis is based on 189 responses received from the readers of Offshore Technology, a Verdict network site, between 28 September and 17 November 2020.

Joe Biden’s clean energy policies

US President-elect Joe Biden plans to make an accelerated investment of $2tn towards developing a sustainable economy by 2035 in stark contrast to Donald Trump’s focus on the oil and gas sector. Biden’s policies are the steps in the right direction for the world to tackle climate change, says GlobalData.

While Donald Trump would have continued to support the oil and gas industry, if he had won, the current market outlook is clearly steering towards cheaper renewables and more regulation on sectors that release emissions, adds GlobalData. The state of California, for example, has already banned the sale of diesel and gasoline powered vehicles by 2035, a step that is expected to be implemented across the country.

One of the first moves Biden plans to make is re-join the Paris Climate Agreement that Donald Trump chose to withdraw. Biden will need to create sustainable climate plans that can withstand the transition, while tackling domestic and international challenges, according to the Institute for Sustainable Development and International Relations, a think tank.

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Free Report
img

How are oil and gas companies strategizing in response to the electric vehicle market?

Electric mobility is a crucial element of the successful energy transition. Electric vehicles (EVs) are expected to account for over one-third of the new car sales worldwide by 2031, and so oil and gas companies are reacting with heavy investments across the EV value chain. Such investments are being made in a bid to remain relevant within this exciting segment.  GlobalData’s free report, Oil & Gas Sector Strategies in Electric Vehicles, reveals that transportation accounts for almost half of the petroleum products demand. However, the wider adoption of electric vehicles could slow the pace of petroleum products demand in the future.   Our report includes:  
  • Petroleum products demand forecast till 2026 by sector 
  • Potential targeted areas for oil & gas companies to enter the EV value chain 
  • EV strategies of oil & gas companies across major regions in the world 
Use this report to help navigate a new frontier for the oil & gas industry.  
by GlobalData
Enter your details here to receive your free Report.

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