📉 Wall Street's Energy Finance Shift Under Trump Policies
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📉 Wall Street's Energy Finance Shift Under Trump Policies
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Political shifts, particularly the resurgence of pro-fossil fuel policies in the U.S., are significantly changing Wall Street's approach to energy finance. Once committed to net-zero goals, central U.S. banks are now reconsidering their restrictions on controversial fossil fuel projects and are interested in high-carbon assets. This change is driven by perceived financial risks associated with green initiatives and the potential for increased profits in traditional energy. As a result, some banks are withdrawing from climate finance alliances.
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