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“Pressure on banks by public officials to cut off financing to fossil energy, or otherwise limit their ability to extend credit to American energy producers or traditional utilities, is political rhetoric masquerading as risk management,” according to a letter sent Wednesday by 44 House Republicans to former Secretary of State John Kerry, the Biden administration’s climate envoy.
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Subject Matter

  • Politics 54.90%
    • Domestic politics 100.00%
  • Business, economics, society 45.10%
    • Companies, industries, organizations 100.00%

Emotional Reaction

Sentiment

Positive

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