Tag: fossil fuel financing
The Federal Government Can’t Prevent Asset Managers From Net Zero Investments
You’d think that hedge funds would be bearish on oil stocks, right? Actually, that’s no longer the case. Instead, more hedge funds are shifting from oil shorts to renewables. Solar in particular is a favorite target of asset managers. This change of approach indicates a real reversal of energy strategies … [continued]
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U.S. Banks Slash Fossil Fuel Financing As Market Forces Outweigh Politics
Wall Street’s six largest banks have cut their financing to oil, gas and coal projects by 25% year-on-year through August 1, 2025. In dollar terms, that means about $73 billion this year versus roughly $97 billion in the same period in 2024. The pullback is uneven. Morgan Stanley reduced its … [continued]
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Anti-ESG Policy Is, Actually, One More Way To Fund Fossil Fuels
The news this morning is filled with stories about how US Senate Republicans have passed a huge budget bill that will blow up the US deficit by providing massive tax cuts to billionaires and corporations. It will also cut policies that would have supported the US economy and created jobs … [continued]
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