• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
  FEATURED
BREAKING: Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas September 21, 2023
Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote September 20, 2023
Indoor Heat Leaves Canadians Unsafe with ‘No Escape’, CBC Investigation Finds September 20, 2023
Agrivoltaics a Win-Win for Farmers, Communities, Solar Developers, and Alberta’s UCP September 20, 2023
‘Beginning of the End’ for Oil and Gas as IEA Predicts Pre-2030 Peak September 19, 2023
Next
Prev

Biden Win Would Deliver ‘Next Big Push’ to Renewable Energy Stocks

September 1, 2020
Reading time: 2 minutes

Marc Nozell/Flickr

Marc Nozell/Flickr

1
SHARES
 

Renewable energy stocks that have “performed superbly” in spite of the Trump presidency are poised to do even better, if a Biden victory in the U.S. election this fall gives the cleantech sector its “next big push,” the Globe and Mail reported last month.

Biden and vice presidential nominee Sen. Kamala Harris were leading in national opinion surveys about 11 weeks out from the vote, when the Globe story appeared, and they’re still ahead this week in national polls and a long list of swing states. In the lead-up to the vote, Biden “has issued a climate plan, establishing bold targets for creating a green U.S. energy grid by 2035 and spending US$2 trillion on renewable energy infrastructure and clean energy research and development over four years,” the Globe notes. “For investors who like the idea of betting on companies that offer solutions to global warming, a Joe Biden presidency is looking like very good news, even for Canadian companies.”

  • The climate news you need. Subscribe now to our engaging new weekly digest.
  • You’ll receive exclusive, never-before-seen-content, distilled and delivered to your inbox every weekend.
  • The Weekender: Succinct, solutions-focused, and designed with the discerning reader in mind.
Subscribe

The Biden-Harris campaign platform “includes aggressive climate targets that would make the plan, if passed, the most progressive piece of clean energy [legislation] in America, including California,” CIBC World Markets strategist Ian de Verteuil wrote in an investor note. He cited Algonquin Power & Utilities, Brookfield Renewable Partners, Innergex Renewable Energy, Boralex, Northland Power, and TransAlta Renewables as Canadian renewables companies that have been aiming to grow in the U.S. market.

Click here for our Special Report on climate and the U.S. election.

Those businesses have fared well in the U.S., despite the active hostility of the failed reality TV star and determined alt-right provocateur currently occupying the White House. “For all of Mr. Trump’s rants over the past four years against wind and solar power and his puzzling support for coal, renewable energy stocks have fared remarkably well during his term in office, buttressing the view that green energy is viable even without government support,” the Globe says.

“The prospects for a possible Biden presidency clearly draw a lot of new attention to this space,” wrote WilderShares LLC CEO Rob Wilder in an email to the Globe. “But it’s actually deeper than that. Solar, wind, and better batteries have all matured quite a lot in the past four years. Prices have come down very fast.”

The Globe notes that Algonquin Power shares are up 62%, and Northland Power 55%, since 2017.



in Batteries / Storage, Canada, Climate & Society, Community Climate Finance, Demand & Distribution, Ending Emissions, Heat & Power, Jurisdictions, Renewable Energy, Solar, United States, Wind

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

UN Climate Change/flickr
COP Conferences

BREAKING: Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas

September 21, 2023
0
Jon Sullivan/flickr
Ontario

Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote

September 21, 2023
457
Rewat Wannasuk/Pexels
Heat & Power

Virtual Power Plants Could Cut Peak Demand 20%, Save U.S. Grid $10B Per Year

September 20, 2023
41

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

Jon Sullivan/flickr

Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote

September 21, 2023
457
Asurnipal/wikimedia commons

Agrivoltaics a Win-Win for Farmers, Communities, Solar Developers, and Alberta’s UCP

September 20, 2023
60
Mr Renewables/Wikipedia

Californians Fight for New Community Solar Plan

September 20, 2023
60
/Piqusels

‘Beginning of the End’ for Oil and Gas as IEA Predicts Pre-2030 Peak

September 19, 2023
380
Cullen328/wikimedia commons

Manufactured Housing Could Dent the Affordable Housing Crunch with Energy-Efficient Designs

September 20, 2023
43
Rewat Wannasuk/Pexels

Virtual Power Plants Could Cut Peak Demand 20%, Save U.S. Grid $10B Per Year

September 20, 2023
41

Recent Posts

UN Climate Change/flickr

BREAKING: Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas

September 21, 2023
0
Jeremy Bezanger/Unsplash

Indoor Heat Leaves Canadians Unsafe with ‘No Escape’, CBC Investigation Finds

September 20, 2023
17
Wesley Fryer/flickr

Smart Thermostats Boost Grid Stability Amid Intense Heat

September 20, 2023
20
Plug'n Drive/Wikimedia Commons

Rural Carshares Ensure EV Push Leaves No One Behind

September 20, 2023
15
Clean Creatives

‘Turning Point’ for PR Industry as Clean Creatives Targets Fossil Industry Contracts

September 19, 2023
245
William Munoz/Flickr

‘Obituary-Changing’ Revelations Show Exxon’s Tillerson Undermining Climate Science

September 19, 2023
195
Next Post
Mitchell Beer photo

Feds Won’t Commit to Renewal as Popular ZEV Rebate Nears Funding Limit

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
The Energy Mix - Energy Central
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}