DUBAI / GULF TIME Emirates Developments, in partnership with Hilton, proudly announces the official launch ...
Read More »Gas is new coal with risk of $100b in stranded assets
Bloomberg Natural gas is falling out of favour with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell. Citigroup Inc and JPMorgan Chase & Co are among the banks that strengthened their financing restrictions on thermal coal under pressure ...
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