The looming US port fee regime aimed squarely at Chinese-linked tonnage could saddle COSCO and its Hong Kong-listed subsidiary OOCL with a combined bill of more than $2.1bn in 2026, according to fresh calculations from […]
Japanese and European banks have traditionally been big clean-energy lenders, too SVB made about $1.2 billion of project finance loans to U.S. renewable energy projects in 2022. The Wall Street Journal By Jinjoo Lee, March 14, […]
The trend of plunging bonuses and job cuts on Wall Street continues – now it has hit HSBC and JP Morgan. For about 6 months, we have been covering both increasing layoffs and how bonuses […]
Europe has been dealing with an energy crisis for much of this year, but there’s been some recent good news on the climate front on the Continent. HSBC, Europe’s largest bank, announced this month it […]
On December 14, 2022, HSBC, the largest bank in Europe, announced it will no longer finance new oil and gas projects as part of its updated climate policy. The change comes after 2021 garnered the largest annual […]
HSBC will stop funding new oil and gas fields and expect more information from energy clients over their plans to cut carbon emissions, the banking giant has said, as part of a wider update of […]
(Bloomberg) — As Texas officials hunt for financial firms hostile to the energy industry, Wall Street is rolling out its fossil fuel bona fides to convince officials not to bar them from doing business with […]
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