Trading Coal in the Net Zero Age Is Making These Guys Very Rich

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By Janet Paskin

September 21, 2023 at 1:57 PM UTC

Shortly before Goldman Sachs officially sold off the last of its coal assets, two of its top commodities traders left the bank to strike out on their own. Peter Bradley and Spencer Sloan embraced the world’s dirtiest fossil fuel when bigger institutions were backing away — and now their commodities trading firm is worth $1 billion.