Shell President on the Future of the US Energy Market Post-Trump
Key Ideas
  • Shell's President believes the US energy market remains promising under the new administration.
  • While project delays are expected, bipartisan support for energy initiatives like the Inflation Reduction Act is likely to continue.
  • The future may see adjustments, but the overall support for energy development is anticipated to remain strong.
  • A constructive dialogue is expected to shape the future of the US energy market post-Trump presidency.
At the Wood Mackenzie Hydrogen Conference 2024 in London, Shell's President for Hydrogen, Andrew Beard, expressed optimism about the US energy market's future despite the political change with Donald Trump becoming president. Beard emphasized that the mandate for change in the energy sector is clear, but the form it will take remains uncertain. He acknowledged that the political shift could lead to delays in projects, but he believed that longstanding bipartisan initiatives like the Inflation Reduction Act (IRA) would likely persist. Beard highlighted the positive impact of the IRA in attracting investments and suggested that while some modifications might occur, the fundamental support for energy development would remain strong. He anticipated that a productive dialogue would soon commence to steer the energy market's trajectory in a constructive direction.
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