Oil equity deal plans hit by virus fears, but are investors turning green?

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Oil equity deal plans hit by virus fears, but are investors turning green?

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Young activists and protesters gather in front of investment firm BlackRock's office in San Francisco, California, United States on Friday, December 6, 2019, as they advocate the company to invest in green energy and divest fossil fuel. The climate strike protest movement is inspired by Greta Thunberg, the teenage environmental activist, who has arrived in Madrid on the morning of Friday, December 6, 2019, to participate in a march in the Spanish capital, which is currently hosting the United Nations climate summit known as COP25. (Photo by Yichuan Cao/Sipa USA) | Yichuan Cao/SIPA USA/PA Images

Equity investors are losing their appetite for oil and gas stocks, just at a time when three of the biggest IPOs being planned in EMEA are from that sector. The coronavirus outbreak is sapping Chinese demand, leading to a weak oil price. But some bankers believe investors are also making a more fundamental shift away from fossil fuels, which could even lead to a permanent tipping point. Sam Kerr and Jon Hay report.

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