JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels US bank says higher interest rates, inflation and global conflict have dented outlook for energy transition
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels US bank says higher interest rates, inflation and global conflict have dented outlook for energy transition
It added that investment in renewable energy “currently offers subpar returns” and that if energy prices rose strongly, there was even a risk of social unrest.
Maybe they should explain this to AOC.