Liam Denning, Columnist

Biden’s Energy Pick Threads Green Ideals and Political Reality

Jennifer Granholm seems to get that the road to bipartisan climate deals is paved with jobs.

December 16, 2020 at 6:29 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Former Michigan Governor Jennifer Granholm.
Photographer: Bill Pugliano/Getty Images North America

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It’s the cars, stupid. But it’s also the car jobs, stupid.

If President-elect Joe Biden wants to make progress on his decarbonization agenda, then the U.S. vehicle fleet is ground zero. Cheap shale-gas, ever-cheaper renewable energy and flat electricity demand have already forced the closure of many coal-fired power plants. Transportation overtook the electricity sector as the largest source of greenhouse gas emissions in 2017.