CleanTechnica•3 months ago
Trillions Of Dollars Committed To Fossil Fuel Divestment
- •Trillions of dollars are being committed to fossil fuel divestment, signaling a significant global financial shift away from traditional energy sources.
- •Financial products, including typical investment vehicles like retirement accounts, are facing increased scrutiny regarding their fossil fuel exposure, driven by growing investor demand for sustainable options.
- •This divestment trend implies a tightening of capital availability and potentially higher financing costs for new fossil fuel projects and existing operations.
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