“Oil and Gas Groups See ‘Some Common Ground’ in Biden Energy Plan”

“Some energy executives are pleased that the former vice president is not calling for a fracking ban and said they could work with him.”

“HOUSTON — Joseph R. Biden Jr. won over environmentalists and liberals when he announced a $2 trillion plan to promote electric vehicles, energy efficiency and other policies intended to address climate change.

But the plan released on July 14 has also earned a measure of support from an unexpected source: the oil and gas industry that is closely aligned with the Trump administration and is a big source of campaign contributions to the president.

That might seem odd considering that the plan aims for “net-zero” greenhouse gas emissions by no later than 2050, in part by discouraging the use of fossil fuels. Mr. Biden also wants to spend more on mass transit, expand solar and wind farms and build thousands of electric vehicle charging stations.

Yet the industry was relieved by what the plan did not include, chiefly a ban on hydraulic fracturing, the approach that has turbocharged domestic production of oil and gas over the past dozen years.”

Clifford Krauss and Ivan Penn report for the New York Times July 28, 2020.

SEE ALSO:

“The Oil Lobby Is Already Finding Fault With Biden's New Climate Plan” (Washington Post)

“Biden Calls For 100 Percent Clean Electricity By 2035. Here’s How Far We Have To Go.” (Washington Post)

“Biden Pleases Some Once Leery Liberals With New Climate Plan” (Washington Post)

“Democrats Add Climate Promises To Platform” (E&E News)

“House Democrats’ Climate Plan Embraces Much of Green New Deal, but Not a Ban on Fracking” (InsideClimate News)