Fossil Fuel

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Fossil Fuel

Blackstone Swears Off Oil-Patch Investing as Private Equity’s Retreat Widens

(Bloomberg) — After watching big banks curtail lending and asset managers pare bets, fossil fuel producers are now losing access to some of Wall Street’s deepest pockets. Blackstone Inc., once a major player in shale patches, is telling clients its private equity arm will no longer invest in the exploration and production of oil and […]

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