Will Trump’s Proposed ESG Regulation Help Big Oil?

Even before the novel coronavirus pandemic battered global oil markets and gave what could certainly be a coup de grace to the coal sector, the fossil fuels industry has been facing an uncertain future. Globally, there is an energy transition underway. Although the movement has been slow, it’s undeniable that the trend for global energy is moving away from standard fossil fuels and toward cleaner, more climate-friendly alternatives. Even Saudi Aramco, the largest oil company in the world, admitted in its December 2019 initial public offering…