the climateandenergy legislation that congress just passed includes spending for both renewables startups and fossilfuel producers—a broad even if seemingly contradictory strategy that many on wall street are already pursuing while pouring money into projects geared toward lowering carbon emissions wall street firms have also continued financing oilandgas companies through direct lending debt underwriting or infrastructure investing the amount of money raised through bonds and loans for green projects and by oilandgas companies was nearly identical at about 570 billion last year according to dealogic although fundraising in both areas has slowed during this year’s market volatility the ratio of greentofossilfuel financing has stayed roughly similar