Bank of America expands energy transition business amid rising demand

Bank of America (BofA) is ramping up efforts to expand its presence in the energy transition sector, aiming to bolster carbon trading and increase its involvement in power and natural gas markets trading, according to senior executives speaking to Bloomberg.

Echoing a broader trend among banks in the United States and Europe, BofA is intensifying its focus on trading products and financing projects essential to the energy transition. As client demand for energy transition-related products continues to rise, BofA plans to recruit individuals for trading roles.