Banks Earn More Fees From Green Bonds Than Big Oil Issuance

For a fourth straight year, banks are making more money providing loans and underwriting bond sales for green-related projects than they’re earning from fossil fuel companies.

Together, banks have generated almost $3.5 billion of revenue from climate-focused financing so far this year as of Friday, compared with roughly $2.6 billion from their work with oil, gas and coal companies, according to data compiled by Bloomberg.