Oil and gas didn’t benefit from investor largesse in recent years — but renewables did

With the climate-and-energy-focused Inflation Reduction Act expected to be signed by President Joe Biden this week, The Wall Street Journal asked Dealogic to analyze the amount of money being loaned to “green” companies and to oil and gas companies. Investors, WSJ concludes, aren’t ready to give up on fossil fuels.
But the data suggests that they’re starting to pull back already.
Fossil fuel financing has been more or less steady since 2015, when the WSJ/Dealogic data series begins. For oil and gas companies, that should be a worrying trend given overall low rates and the amount of money that’

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