High Prices Make Oil And Gas Much More Appealing To Big Banks ...Middle East

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High Prices Make Oil And Gas Much More Appealing To Big Banks
source : OILPRICE ( Middle East ) () 42
Banks have been actively seeking ways to distance themselves from the oil and gas industry in recent years under growing pressure from pro-energy transition activists. Their efforts have been quite productive, too, with funding of renewable energy loans rising significantly. But the tables are turning as fossil fuel prices soar in the face of tight supply and the threat of shortages. The Wall Street Journal, for instance, reported earlier this month that banks had underwritten more renewable energy loans than oil and gas loans during the first…

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