(MENAFN) The present climb in fuel and gas costs could not have happened at a poorer timing. On the day before of the UN COP26 international climate assembly in Scotland in October, hiking power costs are leading to amplified shareholder interest in fossil fuel firms.
The S&P 500 power industry climbed about 50 percent in 2021 and has been the broader index’s top-player group.
There is no doubt that a fresh statement included financial institutions in the G20 are conducting approximately around USD22 trillion of revelation to carbon-intensive industries regardless of growing weight on firms to not invest in contaminating sectors.
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