In the not-so-distant past, U.S. presidential elections primarily had a neutral-to-positive impact on energy sector investing. Presidential candidates would differ in terms of which energy pathways they proposed to incentivize (e.g., unconventional oil & gas, solar PV, on-shore wind) but, at worst, the candidates would simply ignore those pathways that they did not want to encourage (e.g., coal). As recently as 2012 President Barack Obama's re-election campaign adopted an "all of the above" strategy that encompassed renewable energy, "environmentally responsible" oil and gas production, nuclear power, and even "clean coal." The Democratic Party's