Poll Dancing: The US Election Promises Instability, Bad for Business & Sustainability

C-MACC Weekly Sustainability and Energy Transition Report

Poll Dancing: The US Election Promises Instability, Bad for Business & Sustainability

• 1^st Topic of the Week: The vitriol and uncertainty around the impending US election is at a fever pitch, with each side describing the other as the harbinger of doom. Most industries and capital markets thrive on stability, and historically neither US party has managed to create too much instability – could this time be different?
• 2^nd Topic of the Week: Carbon Capture may be the winner in a Republican win as 45Q is likely intact, and some of the pipeline plans could get fast-tracked.
• Otherwise: We look at packaging recycling rates in Europe – another reason not to own European virgin polymer capacity, the China lead in renewable power, and we look again at some balance sheet opportunities.

Exhibit 1: Both parties in the US are telling the public that the US economy is broken and needs fixing – outside the US no-one sees this, and the US economy is the envy of most of the developed world.

Source: IMF