The global energy sector is in a state of complex transformation
in response to initiatives and policies that address climate
change. One trend is the long-term directional shift to incorporate
and deploy different technologies throughout the energy sector,
including hydrogen fuel, small modular nuclear reactors (SMR) and
battery storage.
President Joe Biden and Vice President Kamala Harris campaigned
on an energy plan that proposes sweeping policy and regulatory
changes from the approach adopted by the previous Trump
administration. President Biden moved quickly on January 20,
2021 through executive orders that:
- revoked the permit granted to
TransCanada Keystone Pipeline, L.P. in March of 2019 to construct,
connect, operate and maintain pipeline facilities at the
international border of the United States and Canada (the Keystone
XL pipeline); and
