The U.S. natural gas industry seems to have a brighter future than its oil sister under a Biden administration, even though the president-elect has made a pledge to push an ambitious emissions-cutting agenda during his term, aiming for a net zero electricity sector by 2035 and net zero economy by 2050. According to industry sources, the sharp rise in investor appetite for environmental, social and governance investments will not affect the natural gas space too much, with opportunities opening up for a consolidation of the sector, Mergermarket reported for Forbes this week. A consolidation is already underway in the oil sector, prompted by the latest news from the pandemic front, with vaccines widely seen as a solution to the demand loss problem that has made some smaller players in the field attractive for buyers. While oil is falling out of favor fast with the new breed of environmentally conscious […]

Posted in: USA