Net Zero Will Make Wall Street Richer at Main Street s Expense – WSJ

The finance industry s palpable excitement is electrifying to climate activists and the politicians who cater to them. Wall Street is now squarely on their side. Yet the enthusiasm of asset managers and banks is hardly surprising. Any government mandate that a large amount of capital must be swiftly retired and replaced creates a tremendous opportunity for financiers, no matter the underlying reason.

via www.wsj.com