How tough will Joe Biden be on the US shale industry?
The president-elect plans to reduce incentives for fracking, but has stopped short of a ban
The result of the US election has cast a long shadow across the US shale heartlands. Joe Biden wants to make the climate crisis his top priority, sparking real hope for global efforts to avert an environmental catastrophe and real concern for shale operators.
The president-elect’s climate plans include a return to the Paris climate agreement, $2tn (£1.5tn) of spending on clean energy, and an ambition to create a carbon-neutral US energy system by 2035 through “aggressive emission reductions”.