Credit Lines increasingly tied to climate targets
“U.S. loans with terms tied to environmental, social and governance targets have become increasingly popular amid growing investor appetite for sustainable themes, with transactions topping $137 billion last year, according to Bloomberg data. But America’s oil and gas industry still accounts for a tiny fraction of it. Before DCP, only liquefied natural gas exporter Cheniere Energy Inc. and oil driller Occidental Petroleum Corp. had announced loan agreements featuring ESG clauses.”
Bloomberg Green https://www.bloomberg.com/news/articles/2022-03-23/u-s-fossil-fuel-companies-tie-borrowings-to-climate-targets
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