U.S. Energy Chiefs Weigh What Biden Means for Oil, Renewables

With Joe Biden closing in on an Electoral College victory, energy executives are weighing the potential impact of a president who supports shifting away from fossil fuels.

While utilities that already embrace clean energy don’t see much impact, oil and natural gas suppliers are girding for a bigger threat. Some executives predict that a newly elected Biden may announce moves to please supporters on the left, such as halting drilling in the Arctic National Wildlife Refuge or shutting down the controversial Dakota Access Pipeline. The Democrat also plans to eliminate greenhouse gases from the power sector by 2035 and has pledged to bar new fracking on areas overseen by the U.S. Bureau of Land Management.