
The ‘Bond Vigilante’ Exposing Fossil Fuel Risk
A Matter of Degrees
How to Differentiate Fixed Income Investments From the Stock Market
Three point eight trillion dollars isn't being directly used for a pipe line here or a fracking operation there, what we know as project finance. A lot of that lending includes fixed income investments, otherwise known as bonds. These are just long term loans to governments or companies that guarantee a certain rate of return over five, ten, 20 or 30 years. Bank like j p morgan, which tops the list as the worst backer of fossil fuels, trades a hundred and forty billion dollars worth of bonds every year for mutual funds and pension funds. And now olf is comparing bonds for dirty energy companies to funnelling money into a crime syndicate.
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