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POLITICO Energy
Why energy business leaders aren’t talking election politics
Sep 27, 2024
Zack Colman, a POLITICO reporter focused on the intersection of corporate energy and politics, dives into why energy leaders are avoiding discussions about the upcoming presidential election. He highlights their cautious praise for Biden's climate efforts amid uncertainty about future policies under possible Trump or Harris administrations. The conversation also touches on the recent $9.5 million funding for a low-carbon steel project in Ohio, reflecting the industry's shifting landscape.
09:20
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Quick takeaways
- Corporate leaders are cautiously optimistic about Biden's clean energy initiatives but are reluctant to discuss potential political shifts under Trump or Harris.
- Executives believe enduring investments from legislation like the Inflation Reduction Act will be protected, regardless of the presidential outcome.
Deep dives
Corporate Hesitation Amidst Political Climate
Corporate leaders express a cautious stance regarding potential changes in U.S. political leadership as they navigate the implications for their businesses. While they acknowledge President Biden's clean energy accomplishments during Climate Week, they prefer not to speculate on the effects of a potential Trump or Harris administration. Many emphasize the importance of presenting their companies neutrally, aware that public support often hinges on perceived political affiliations. Despite their reluctance to take sides, there is a collective acknowledgment of a trend towards cleaner energy, with ongoing investments in sustainable practices and technologies.
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Discover
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