Enterprise Products Partners LP executives said the company emerged from the depths of 2020 relatively unscathed, producing profits and upbeat about both the year ahead and long-term prospects.
The executives during a conference call Wednesday to discuss fourth quarter and full-year 2020 results, noted they are optimistic despite the change of power in Washington, DC, that likely portends mounting policy efforts to transition the United States from fossil fuels to renewable sources of energy.
President Biden, who took office in January, campaigned on a $2 trillion infrastructure and clean energy plan to address climate change. He is targeting a carbon-free power sector by 2035 and a carbon-neutral economy by 2050.
“Obviously, policy proposals from this new administration...