A victory for U.S. presidential candidate Donald Trump would represent a giant win for oil and natural gas companies, according to industry magazine Oilprice.com.
According to the online journal, which provided energy policy profiles for the top presidential candidate, “Should Trump win the nomination and then the election, it is likely that oil and natural gas companies would get a big boost.”
During his electoral campaign, Trump has repeatedly advocated for offshore drilling. He has also expressed his support for the Keystone XL pipeline and is a firm supporter of fracking as a strategy to end dependence on imported oil.
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With regard to climate change, in January 2014, Trump told his Twitter followers, "This very expensive GLOBAL WARMING bullshit has got to stop. Our planet is freezing, record low temps, and our GW scientists are stuck in ice."
Trump made headlines yet again in 2014 when he told the conservative media outlet Breitbart News, "Taxing everybody for climate change is ridiculous ... Many people don't even [believe] there is such a thing as 'climate change.' It's called weather."
Various environmental science groups have expressed their concern regarding Trump's environmental policy.
Donald Trump just said he wants to use eminent domain to build the Keystone XL pipeline to pump the dirtiest oil on earth #GOPDebate— Sierra Club (@sierraclub) February 7, 2016
Donald Trump could be the best thing to happen to Canada’s oil and gas industry https://t.co/cYJ4Gpiin3— OilSandsMan (@OilsandsMan) February 4, 2016
Meanwhile, Oilprice.com described Bernie Sanders as a major impediment to the fossil fuel industry noting, “By and large then, a Sanders presidency would likely be harmful for most major U.S. manufactures and energy companies.”
During his 16 years as senator of Vermont, Sanders has promoted strong environmental protection policies and argued for measures to control climate change. He's opposed to both fracking and the Keystone XL Pipeline; he co-sponsored the Climate Protection Act of 2013 and introduced the End Polluter Welfare Act
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