RE:Biden as U.S. president could help Canadian energy companiesMy view is that an increasing focus on the environment and negative attitude towards fracking could lead to a situation where it is much harder to get new fossil fuel projects going. Given that a key problem has been too much supply pushing down prices, an administration that is not a cheerleader for the fossil fuel industry could help prices go up and thus make companies like Suncor more profitable. That's why I recently bought shares.
AlexRox wrote: The election of Joe Biden as U.S. president likely spells the end of the Keystone XL oil pipeline, but his environmental agenda could help Canadian energy companies better compete with their American rivals, observers said Monday.
https://www.bnnbloomberg.ca/biden-win-bad-news-for-keystone-xl-marks-new-relationship-with-canada-experts-say-1.1519980