President Obama is going to take another crack at tackling climate change.
It really was a non-starter in his first term, and had he dwelled on it, it could've made any chances at re-election much more difficult.
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This second time around, however, re-election is not necessarily an issue. And this is likely the reason you heard the president include climate change in his inaugural address.
Of course, that doesn't mean much is actually going to happen... Sure, the president will continue to offer support for cleaner energy generation, but when it comes to curbing the effects of highly-polluting industries, there's only so much he can actually do when there are few in the House that will bend an inch to support any kind of climate change or pollution mitigation regulations.
And let's be honest; the president isn't going to risk his legacy by putting too much pressure on the industries that keep our economy moving, either.
He's not going to burden domestic fracking operations; he's not going to hold up the Keystone XL Pipeline any longer; and he's not going to hinder the development of offshore drilling operations in the Gulf. Because, you see, all of those activities are already under way — and they have proven economic benefits.
But Obama still needs to save his environmental legacy, too. So he will go after the easy targets that'll likely get less push back from Congress and from investors...
And there's one target that looks to be getting easier and easier.
Extract taken from an article that appeared in Energy & Capital to continue reading click here
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