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Bond Investors Embrace Fossil Fuels During a Sustainability Push

Bond Investors Embrace Fossil Fuels During a Sustainability Push

Wall Street’s embrace of sustainable investing isn’t slowing bond sales in the energy sector.

Surging oil and natural-gas prices have investors piling into the debt of energy companies, pushing down borrowing costs and prompting a flood of new bond issuance. U.S. oil prices hit multiyear highs near $85 a barrel last week.

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