Revealed: how Wall Street is making millions betting against green laws

Guardian analysis finds fossil-fuel and mining firms have won $92bn of public money from states, with a growing number of cases backed by financial speculators

Financial speculators are investing in a growing number of lawsuits against governments over environmental laws and other regulations that affect profits, often generating lucrative awards, the Guardian has found.

For a long time, litigation finance thrived primarily in the realm of car crashes and employment claims. “Had an accident that wasn’t your fault?” was the industry’s billboard catchphrase, offering to finance lawsuits in exchange for a cut of any payout.

Topics

Wall Street and Silicon Valley Are Betting Big on Trump’s America

Citadel, JPMorgan and Apple are leaning into the president’s agenda.
Inc. - Feb. 25
The queen of Wall Street

Plus, a golden age of US-Saudi co-operation, Europe’s ‘failed’ securitisation market, and the Louvre Abu Dhabi
Financial Times - Feb. 24
San Francisco’s office market hit rock bottom. Here’s how Wall Street is helping revive it.

The San Francisco office market was left for dead. But Wall Street may be bringing it back to life.
MarketWatch - Feb. 26
Wall Street can’t stop talking about the ‘Mar-a-Lago Accord.’ Here’s how the currency deal would work.

A theory about how the Trump administration could restructure the international financial system to better serve American interests is starting to be taken seriously on Wall Street.
MarketWatch - 3d
Wall Street Is Getting Antsy With Trump

The contrasting reactions between the overflow and V.I.P. areas at a Trump event encapsulated the finance world’s worries about the new administration’s first month.
The New York Times - Feb. 24
Top Wall Street analysts are bullish on these dividend stocks

TipRanks' analyst ranking service highlights three dividend-paying stocks, including McDonald's and Ares Capital.
CNBC - Feb. 23
Wall Street sees major drop amid concerns over slowing economy

Wall Street saw a dramatic drop on Friday with the Dow Jones plunging nearly 750 points, and the S&P 500 and Nasdaq falling sharply amid fears of a slowing economy and stubborn inflation. CNBC’s ...
NBC News - Feb. 22
The ‘vibes’ on Wall Street are starting to sour. Just look at these six charts.

Investors’ euphoric outlook on the markets has largely faded, replaced by a creeping sense of uncertainty.
MarketWatch - Feb. 25
Trump knocks Wall Street Journal over editorials: 'Some real CLINKERS'

President Trump on Wednesday complained that The Wall Street Journal is not supportive enough of his agenda, knocking a recent editorial the Rupert Murdoch-owned newspaper published on his trade ...
The Hill - Feb. 26