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The International Energy Agency's World Energy Investment 2026 report shows clean energy spending at $2.155 trillion versus $1.008 trillion for fossil fuels. Clean energy first surpassed fossil fuels around 2016. Oil investment is projected below $500 billion in 2026.
etftrends.comcom reported. Clean energy investment first overtook fossil fuel investment around 2016, and the gap has widened each year since. The IEA projects global oil investment will fall below $500 billion in 2026, marking a third consecutive year of decline.
OilPrice.com reported that the data emerged amid Middle East tensions and disruptions around the Strait of Hormuz. Governments have treated domestic renewable projects as a route to greater energy sovereignty rather than a return to higher fossil fuel spending.
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themandarin.com.auStrategy approved a Digital Credit Capital Framework on June 29 authorizing up to $1 billion each in preferred securities and Class A common stock repurchases. The company also raised its preferred stock dividend rate to 12 percent effective July 1.
EuronewsThe World Bank Group announced the opening of an office in Madrid on Monday. The new office will bring together its institutions in Spain for the first time and support private investment in emerging markets. Euronews reported the announcement and related statements.
americanbanker.comFundBank Group has rebranded as IRACE Digital and acquired Cayman Islands-based Tenet Bank. Former Zodia Custody CEO John Cronin was appointed global CEO as the firm expands into digital asset custody and related services.