Democratic presidential candidate, Sen. Elizabeth Warren (D-MA) greets an overflow crowd exterior of a city corridor occasion on August 17, 2019 in
Democratic presidential candidate, Sen. Elizabeth Warren (D-MA) greets an overflow crowd exterior of a city corridor occasion on August 17, 2019 in Aiken, South Carolina.
Sean Rayford/Getty Photos
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It has been a tricky setting for vitality shares as falling oil costs and international oversupply have pressured corporations’ backside traces, and it might be about to worsen.
Massachusetts Senator Elizabeth Warren is now intently trailing former Vice President Biden for the Democratic nomination, and her arduous stance on vitality coverage — and the position large oil corporations play in local weather change — isn’t any secret. (For an entire investing information to what Warren means for each business, see this story.)
In September she rolled out a $three trillion plan for a way the USA can absolutely transition to wash vitality, and earlier this yr she endorsed Consultant Alexandria Ocasio-Cortez’s Inexperienced New Deal.
As a part of the transition to cleaner vitality, Warren’s vowed to ban new oil drilling leases for offshore and federal land, and she or he’s stated she would ban hydraulic fracturing, or fracking, fully.
This can be a drastic departure from how the vitality sector in the USA presently operates, so the affect might be felt in various methods….