EconomyBusiness and Economy Bank of America chief executive Brian Moynihan has predicted the United States will enter a “very slight” recession later this year despite improving signs for the global economy. Speaking at a business […]
For the first time in history, banks underwrote more loans for renewable energy projects than for fossil fuel projects. Hydrocarbon producers increasingly attract funds from private equity investors. At the end of last year, two […]
Two US regulators announced on Tuesday that financial institutions, including Goldman Sachs, Bank of America, and Morgan Stanley, were hit with $1.8 billion in penalties over incidences of their staff using personal devices to discuss […]
BofA Global Research analysts believe the EU’s latest declaration of intending to claw back EUR 23 billion [$23 billion] in ‘solidarity contributions’ from its fossil fuel industry is limited by the lack of ‘excess’ oil […]
The 60 largest banks in the world poured as much as $742 billion in fossil fuel financing in 2021 alone, a new report by environmental groups showed this week. Since the Paris Agreement was adopted in 2015, […]
ENB Publishers Note: This is just one example of “Climate Investor Hypocrisy”. It seems that accountability is missing in almost all parts of ESG investing. A UN-backed green investment fund is on the brink of […]
TotalEnergies CEO Pouyanné: I’ve no good news to deliver, oil prices will remain high. Continuously growing global oil demand amid muted new investment in production will keep oil prices elevated. Pouyanné’s view that oil prices […]
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America. Natural gas prices have […]
Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which could be the most important driver of global energy markets in the coming months, Bank of America […]
LONDON, – Japan’s JX Nippon wants to sell its British North Sea oil and gas assets including stakes in some of the basin’s biggest fields in a deal that could fetch up to $1.5 billion, […]
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