Banks signing letters doesn't really do much - they're still responsible for making money, and they'll keep working in hydrocarbons. This title is hyperbolic.

Banks signing letters doesn't really do much - they're still responsible for making money, and they'll keep working in hydrocarbons. This title is hyperbolic. Further, banks typically "invest" on behalf of customers, not by themselves (are loans investments?). Pretty sure if ARAMCO is going IPO they want a piece of the business. What about M&A advisory work for hydrocarbon companies? Brokering corporate bonds? It's great that folks are signing letters that they understand the problem, but I don't think one can read any significance into them until behavior actually changes. What downside is there to signing the letter? EDIT: That said, I clicked. Not sure I'll ever go to this domain again though.