Banks Think Twice. Understanding Zinc. Massive LNG Plan. Oil Execs on Hot Seat.

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Today’s Key Takeaways:  Three global lenders agree to reconsider their ESG policies after meeting with Alaska commissioners. Russian pullout costs Shell $5b. New Fortress Energy is a new player in the LNG export game – planning to supply 16% of total US exports within a few years. Zinc is one of the most versatile and essential materials – It is the fourth most used metal in the world behind iron, aluminum, and copper. Oil executives answer to gouging charges in DC hearing.

NEWS OF THE DAY:

Dunleavy administration making some progress rebutting lending policies against Arctic oil
Elwood Brehmer, Alaska Journal of Commerce, April 6, 2022

Members of Gov. Mike Dunleavy’s administration say they have gotten a handful of banks and investment firms to think twice about their in-house restrictions on financing Arctic oil and gas projects after months of talks.

Department of Natural Resour