How a Biden victory could influence decarbonization plans for oil and gas companies

A victory in November for former Vice President Joe Biden in November could influence oil and gas companies' decarbonization plans, given Biden's climate and clean energy proposals. European oil majors tend to outpace their US counterparts in terms of climate goals, likely due to the European Green Deal, but could a Democratic victory this fall encourage companies to adopt stricter emission reduction targets? We spoke with John Thieroff, senior analyst with Moody's Investors Service, to help us understand how the US oil and gas sector might respond.