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...The shift comes after a two-year stretch during which US Republican politicians have relentlessly pounded big banks and investment managers for being “too woke” or “hostile” to fossil fuel....
...In 2022, West Virginia led the way when it barred five financial firms, including JPMorgan, BlackRock and Goldman, from new state business, saying they were “boycotting” the fossil fuel industry....
...And so you’re actually going to be burning more and more fossil fuels to provide hydrogen.”...
...for green energy and fossil fuels....
...Iceland plans to put the new funding towards decarbonising sectors of its economy which still rely on fossil fuels, including transportation and the chemicals sector....
...The government is saying ‘we feel you have to try to direct money to certain products that are not invested in fossil fuels’....
...The outflows started in 2022 after West Virginia state treasurer Riley Moore included BlackRock on the nation’s first list of financial firms deemed to boycott fossil fuel companies....
...Republican states reliant on the fossil fuel industry, including West Virginia and Oklahoma, have banned some asset managers from doing business with them, based on accusations of boycotting fossil fuels...
...If they want to sign up mainstream investors, they will need to limit how tough a stance they take on fossil fuels....
...Even as global temperatures smash through record highs, the oil industry is claiming the world can’t afford the rapid transition from fossil fuels to cleaner energy....
...It has lost investment mandates from Republican-led US states for allegedly being “hostile” to fossil fuel and been lambasted by Democratic activists for not doing more to divest from it....
...If you continued playing with the Lego it was actually better for the environment, used less fossil fuels than if you continued playing with the Xbox after nine hours....
...In late 2022, after it was placed on a list of financial firms boycotting fossil fuel companies in Texas, BlackRock said it had invested more than $100bn in Texas energy companies, notably ExxonMobil....
...The slower expectations for the transition come as companies make U-turns on their climate pledges and governments double down on fossil fuels amid energy security concerns....
...In the US, Republicans have criticised financial firms for their hostility to fossil fuels and for being “too woke” by embracing social commitments such as diversity, equity and inclusion....
...At this point, active managers will protest that they engage with companies and help them transition out of fossil fuels. That would be nice, if they were actually doing that....
...The US LNG industry has also come under pressure from those concerned the long-term burning of the fossil fuel is exacerbating climate change....
...last year, and despite widespread expectations of a boom in demand for metals such as copper, iron ore and nickel to supply the technologies and infrastructure required to reduce the world’s dependence on fossil...
...The $9.1tn money manager’s use of environmental factors in investing has made it a target for Republican politicians, who accuse it of boycotting fossil fuel and being “woke”....
...The US’s top environmental regulator is expected to face a barrage of legal challenges from fossil fuel groups and Republican states after it unveiled a new crackdown this week on pollution....
...in talks to take control of BuzzFeed and HuffPost in UK (FT) Elon Musk to make another break with Delaware by moving SpaceX to Texas (FT) Cambridge-led coalition of universities threatens banks over fossil...
...Donald Trump is planning to gut US President Joe Biden’s landmark climate law, increase investment in fossil fuels and roll back regulations aimed at accelerating the transition to electric vehicles if he...
...state of California sued several of the world’s biggest oil companies, including ExxonMobil, Shell and BP, claiming they had misled consumers by suppressing information about the adverse effects of burning fossil...
...That has made capital more difficult to come by for fossil fuel businesses, oil in particular....
...As such, it is the bugbear of green campaigners who oppose the UK’s increasingly permissive stance towards fossil fuels. First production is expected as early as 2026....
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