I noticed some robo investors have funds that are “socially repsonsible”, which doesn’t invest in oil, all the “bad things”, etc. That’s fine as that is an individual investor investing their money.
This on the other hand is fairly dumb for major banks to leave money on the table. At least it seems that way on the surface. I’m sure they may be investing through other means/banks, while giving themselves cover for the politics of it. If not, the money vacuum will be filled by someone (e.g. ChicComs, super wealthy) as the world still is operating on fossil fuels.
Plenty of competitors I am sure would Loooove to make lucrative bids these idiots are leaving aside.
Are these banks trying to abolish such licensing, however?
It seems to me they are behaving as a favored state/politics tied monopolies.