Fossil IPOs have been shockers, green equities only scratch the surface

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By Jon Hay
01 Apr 2021

The equity markets have ploughed nine times more capital into fossil fuels than green energy in the past decade, and lost $120bn as a result. The tide is turning, but the amounts going into clean power are still pitifully small compared with the needs, according to research by Carbon Tracker this week.

In 2020, for the first time, equity capital markets issuance in renewable energy companies exceeded that in fossil fuel stocks. But it was mainly because fossil fuel deals had shrivelled to a seventh of their nine year average, amid a pandemic that punctured demand for oil.

Even during ...

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