{"id":51787,"date":"2025-08-08T01:56:10","date_gmt":"2025-08-08T01:56:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/51787\/"},"modified":"2025-08-08T01:56:10","modified_gmt":"2025-08-08T01:56:10","slug":"wall-street-shifts-toward-renewables-as-it-sours-on-fossil-fuels","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/51787\/","title":{"rendered":"Wall Street shifts toward renewables as it sours on fossil fuels"},"content":{"rendered":"<p>Wall Street is falling out of love with fossil fuels, and showing more affection for renewables. Financing for oil, gas, and coal projects from the top six US banks <a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-08-06\/wall-street-sees-decline-in-dealmaking-for-oil-and-gas-clients?cmpid=BBD080625_GREENDAILY&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=250806&amp;utm_campaign=greendaily\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">fell to $73 billion in the first seven months of the year<\/a>, down 25% from the same period last year, according to a Bloomberg analysis. <\/p>\n<p>The data, analysts say, show that banks have an \u201cit\u2019s complicated\u201d relationship with the energy transition: While all these same banks have dropped out of net zero groups in the past year, they are clearly souring on the prospective returns from fossil fuel projects. Private equity investors, meanwhile, are increasingly piling into renewables. Dedicated infrastructure funds raised $134 billion in the first six months of the year, more than they raised in all of 2024. More <a href=\"https:\/\/intelligence.generatecapital.com\/newsletter\/july-2025-newsletter-2\/\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">than one-third of that was for renewable-focused funds<\/a>, according to an analysis by the investment firm Generate Capital.<\/p>\n<p>\u201cThe fundamentals of the [renewable energy] market are just incredibly strong,\u201d Logan Goldie-Scot, Generate\u2019s vice president of research, told Semafor, because few other technologies are ready and able to meet the country\u2019s surging power needs. But the economics of renewables will become more challenging as tax credits phase out, he said, so infrastructure investors feel they are under a ticking clock to get the best returns.<\/p>\n","protected":false},"excerpt":{"rendered":"Wall Street is falling out of love with fossil fuels, and showing more affection for renewables. Financing for&hellip;\n","protected":false},"author":2,"featured_media":51788,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[64,63,75,128],"class_list":["post-51787","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-au","tag-australia","tag-environment","tag-science"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/51787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=51787"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/51787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/51788"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=51787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=51787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=51787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}