The $600 million hedge fund firm HITE Hedge Asset Management introduced a new strategy well in advance of President Joe Biden’s implementation of a climate agenda, and is prepared for even greater gains related to carbon-related trades in the new administration.

“Combined with legislation that is now more likely given the Georgia result, we expect the impact of Biden’s plan will be to force the fossil fuel industry to internalize external costs, increase its cost of capital, permanently decrease demand for its products, and to remove the social license to generate banner profits during . . .

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