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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....
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...S&P said companies had reported slightly higher increases in their selling prices than the previous month, driven by rising labour costs as well as increased energy and fuel prices, which “hint at stubborn...
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...Rising fuel and maintenance costs could present a hurdle to further growth. But there are good reasons to believe Delta’s run can continue....
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...The government is saying ‘we feel you have to try to direct money to certain products that are not invested in fossil fuels’....
...Meanwhile fuel prices have been coming down. Carnival’s fuel cost per metric tonne in 2023 was about 16 per cent lower than 2022. Demographics are also on its side as baby boomers splurge on cruises....
...If they want to sign up mainstream investors, they will need to limit how tough a stance they take on fossil fuels....
...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...
...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....
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...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....
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