Polluting energy firms offer tempting private debt returns
The rise of ESG principles has driven capital out of fossil fuels but created lucrative opportunities for those still willing to invest in the space.

More controversial than holding alcohol or tobacco stocks these days is retaining shares in companies with a poor track record on climate or the environment. Indeed, a growing number of asset owners have begun excluding energy, mining or other highly emitting companies from their portfolios if they don't have clear net zero emissions targets.
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