Private Equity Scoops Up Oil And Gas Assets ...Middle East

OILPRICE - Economy
Private Equity Scoops Up Oil And Gas Assets
source : OILPRICE ( Middle East ) () 34
Over the past couple of years, Wall Street banks, E&P companies and investors have faced mounting pressure to disinvest in fossil fuels. Last year, BlackRock Inc. (NYSE: BLK), the world’s largest asset manager with $10 trillion in assets under management (AUM), sent shockwaves through the fossil fuel sector after it vowed to double down on climate activism by backing more shareholder resolutions on climate change and social issues.  Fossil fuel financing remains dominated by four U.S. banks--JPMorgan Chase, Citi, Wells Fargo, and…

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