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YGRN - Political Risk Rising: 2020 Presidential Candidates Fracking And Federal Lands
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
When there's a slide highlighting "checks and balances" in an oil producer's presentation, as seen in the appendix of EOG Resources' (EOG) 3Q19 presentation, that's probably a good sign of heightened political risk facing the energy industry. To state the obvious, election season is well underway, and multiple Democratic presidential candidates have expressed support for notable energy policy changes, including banning fracking1 and/or banning new drilling leases on federal lands and waters. While we don't have the real estate (or fortitude) to delve into each candidate's energy policies, this piece attempts to provide