Is climate regulation triggering financial instability?

Policymakers are attempting to steer the financial sector away from supporting fossil fuel producers. While this is creating opportunities for new lenders, others worry about the impact on the global economy.

Commodities investor Rick Rule believes he has spotted a tantalising opportunity. Thanks to environmental, social and governance policies, a growing number of established banks are pulling back from financing oil and gas explorers, leaving an opening for new lenders.