Article content continuedStopping short of a complete ban on fracking — which could jeopardize his prospects in key energy states like Pennsylvania, Texas and Ohio — Biden is planning to block new permits for fracking on federal lands and waters. He would check new oil and gas developments in a similar manner. While a few oil and gas industry executives see some room for common ground in Biden’s platform, most reject its key elements as unrealistic and unachievable. To date, fossil fuel interests have donated seven times as much to the Trump campaign as they have to Biden’s. By nurturing the industry with deregulation and pipeline permits, Trump has transformed the U.S. into a global oil and gas powerhouse and a significant energy exporter.

Source: National Post August 11, 2020 13:42 UTC