{"id":482902,"date":"2022-04-07T09:17:17","date_gmt":"2022-04-07T03:47:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=482902"},"modified":"2022-04-07T09:49:42","modified_gmt":"2022-04-07T04:19:42","slug":"cash-flood-not-green-dreams-leads-to-slump-in-oil-bond-sales","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cash-flood-not-green-dreams-leads-to-slump-in-oil-bond-sales\/","title":{"rendered":"Cash flood, not green dreams, leads to slump in oil bond sales"},"content":{"rendered":"<p>Banks earned record first-quarter fees from arranging green bond deals, while oil, gas and coal companies issued the lowest amount of debt in a decade.<\/p>\n<p>But all isn\u2019t as it seems.<\/p>\n<p>The slump in fossil-fuel issuance isn\u2019t necessarily a sign bankers have woken up to the seriousness of climate change. Instead, it reflects the fact that energy companies haven\u2019t had to tap the bond markets for cash given the surge in commodity prices.<\/p>\n<p>With oil above $100 a barrel and likely to stay there for the foreseeable future, \u201cthe time of borrowing to pay dividends and buy back shares is over,\u201d said Fernando Valle, a senior oil and gas analyst at Bloomberg Intelligence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks earned record first-quarter fees from arranging green bond deals, while oil, gas and coal companies issued the lowest amount of debt in a decade. But all isn\u2019t as it seems. The slump in fossil-fuel issuance isn\u2019t necessarily a sign bankers have woken up to the seriousness of climate change. Instead, it reflects the fact that energy companies haven\u2019t had to tap the bond markets for cash given the surge in commodity prices. With oil above $100 a barrel and likely to stay there for the foreseeable future, \u201cthe time of borrowing to pay dividends and buy back shares is [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-482902","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/482902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=482902"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/482902\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=482902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=482902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=482902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}