In some presidential election years, voters have struggled to discern substantive differences between the positions of the major party candidates. Not this year.
The energy and environmental policies of President Donald Trump and former Vice President Joe Biden reveal “a night and day difference between the two approaches,” Kevin Garber, a shareholder in the Babst Calland law firm told Hart Energy’s Joseph Markman and Len Vermillion.
But oil and gas executives need to focus their attention beyond the presidential race.
“Looking at the real local level, there are task forces, there are climate plans, there are initiatives for electric vehicles and renewables and building codes—whether you can or cannot have gas hookup in new construction,” said Jean Mosites, also a Babst Calland shareholder who practices environmental law. “A lot of interesting things are going on and certainly not just federal.”
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Otto Energy agreed to participate in two exploration prospects located onshore Texas in Colorado and Lavaca counties testing the Wilcox play.
The oil major is also reportedly planning to raise its investment in a low-carbon unit it announced in February by billions of dollars.
In response to an increase in cybersecurity threats, many in the energy industry have begun integrating a “Zero Trust” approach to securing their business information, which has proven key to reducing risk exposure.