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Macquarie’s competing energy ambitions on display at AGM

Financial Times LogoFinancial Times13h ago

Macquarie’s competing energy ambitions on display at AGM - Financial Times

Quick Summary:

Commodity markets have not escaped the turmoil as investors fret that demand for oil, gas and metals critical to the energy transition will fall if the US economy falters.

He cited a recent strategy statement from the Australian government that gas would continue to play a part in the country’s energy system, and that of its Asian neighbours, as providing support for Macquarie’s position.

Energy has remained a central topic within the company’s more traditional asset management and investment banking arms given its bets on long-term cyclical trends around the energy transition.


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Article Details

Author / Journalist: Jamie Smyth

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 11:00:02 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 994 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21955907

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 16 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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