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...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....
...When pressed on the issue, asset managers in the US now emphasise that they are service providers....
...It also owns assets including petrol station operator Motor Fuel Group and part of car windscreen repair company Belron. CD&R has explored the possibility of selling MFG....
Currency has climbed nearly 3% this year, handing losses to speculators positioned for a decline
...Bag fees, introduced by airlines to counter surging fuel prices in 2008, have become a significant source of revenue for carriers....
...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....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...The government is saying ‘we feel you have to try to direct money to certain products that are not invested in 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...
...The deal comes as Morrisons seeks to improve its sales performance under new chief executive Rami Baitiéh and service its £5.5bn net debt pile following sale-and-leaseback deals on some of its properties...
...Public relations group Brunswick has turned to an outsider to fuel its international growth, hiring the chief of New York’s Lincoln Center for the Performing Arts as its next boss....
...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....
...Of course, there is customer service and access. But even those face tests....
...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....
...Five unmissable stories this week Private equity can no longer rely on borrowing cheap money to fuel returns, and will have to go back to its roots of sourcing good deals and making operational improvements...
...This helped fuel expectations that the newly approved spot bitcoin funds would have rapid growth....
...Pilot, which also operates the Flying J brand, sells fuel, food and merchandise to truckers and provides showers among other services....
...And they do own one service that might provide an answer, but it's complicated. As a seller, they've not done a single thing for me....
...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...
...The LandSpace rocket will use methane as fuel, just like Starship....
...Walmart said easing price pressures in the US and a strong labour market were supporting American shoppers, but warned that rising fuel prices and high borrowing costs would mean household budgets remain...
...It might be premature for banks to suddenly jettison fossil fuel pledges and hitch on to the Tory train....
...The persistence of gas in the fuel mix has become a theme in recent transactions....
...CD&R’s other assets include Motor Fuel Group, the UK’s largest independent petrol station operator, and car windscreen repair group Belron....
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
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