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Trafigura flags financial consequences of regional carbon measures

Investors are getting tired of our industry — shipping can’t afford not to take urgent global action to reduce emissions, argues commodity trader Trafigura. ‘We want banks to keep financing us, but at a certain point if our books are still full of carbon they will have to reassess’

The shipping industry can’t afford to not be aligned on decarbonisation — there will be financial consequences that will ultimately see shipowners cut off from capital and a regional approach will only delay uptake of zero fuel alternatives, argues Trafigura’s global head of decarbonisation

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