Energy, Environment And The Elections: A Changed Mosaic

By Ali Zaidi, Paul Tanaka and Bob Fleishman (November 14, 2018, 11:41 AM EST) -- The midterm elections changed the regulatory landscape for energy and the environment in several subtle yet significant ways. We see three key changes: First, the elections delivered increased regulatory uncertainty. This isn't your usual "What's around the corner?" uncertainty. It's the uncertainty that comes from different levels and levers of government being pulled in different directions. Second, the elections shifted the oversight and enforcement dynamic. Democrats now have more ability to stop, slow and shape policy at the federal level through investigations and other tools, and the ability to drive more aggressive enforcement at the state level in certain jurisdictions. Third, the elections generated new policy-based investment signals for renewables and other alternative energy sources, while, generally, keeping the outlook for oil and natural gas steady. We see this in the way ballot initiatives broke on Election Day, and the campaign platforms that won....

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