Wall Street Is Rewriting Its Energy-Sector Playbook
Bloomberg reports that Trump’s oil and gas policies are causing a shakeup in the $1.4 trillion energy-finance sector.
Wall Street’s unanimity on the need to limit climate change is collapsing, sparking a reset in the $1.4 trillion global market for energy finance. As the White House makes supporting oil, gas and coal a priority, US banks that just a few years ago were vocal in their embrace of net zero targets are now following a very different playbook.... ...
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