A likely push towards more oil and gas drilling under President Trump could help ease supply chain shortages that have hampered a faster rollout of renewables on the UK system, but weaken the availability of parts for gas-fired plants, the boss of electricity supplier SSE has said. Donald Trump’s election win is expected to boost the American oil and gas industries and diminish the buildout of renewables, which had been accelerated by President Biden’s $369 billion stimulus package for clean power and transport. “Though we in Europe, and particularly the UK, may benefit from him doing less renewables and having more access to [the] renewable supply chain, I think we’ll struggle to get access to a gas-fired supply chain,” Alistair Phillips-Davies, SSE’s chief executive, said.

Source: The Times November 13, 2024 19:12 UTC