LUNGILE MASHELE: Banks change stance as Trump changes global energy trajectory
US lenders exit the Net-Zero Banking Alliance, which does not bode well for climate targets and investments
09 January 2025 - 05:00
“Drill, baby, drill”. These words, uttered numerous times by incoming US president Donald Trump while on the campaign trail, have heralded yet another global energy shift.
In November, at a campaign rally in North Carolina, Trump gave a stern warning to Robert F Kennedy Jnr, a staunch environmentalist in the Republican Party who is poised to take a prominent role in the White House, saying “you can’t touch our liquid gold. Don’t touch the oil and gas. Let me handle that.”..
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