Msg. 52196 of 60008 (This msg. is a reply to
52194 by
De_Composed)
Jump:
"Investors are fading on green energy investment funds due to worries about the sector’s ability to grow and the possible return of former President Donald Trump to the White House, Reuters reported Wednesday, citing analysis conducted by a firm called LSEG Lipper."
Ah, yes ... if their financially unsustainable ventures have to survive without government subsidies stolen from the taxpayers, then it doesn't look too rosy.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
(DCNF)—Investors are fading on green energy investment funds due to worries about the sector’s ability to grow and the possible return of former President Donald Trump to the White House, Reuters reported Wednesday, citing analysis conducted by a firm called LSEG Lipper.
Funds that invest specifically in green energy companies and products around the world saw investment outflows totaling $4.8 billion during the first quarter of 2024, the largest amount in a single quarter on record, according to Reuters. Meanwhile, the S&P Global Clean Energy Index has tanked by about 10 percentage points this year while the S&P 500 Energy Index — a fund that features many oil and gas companies — is up by more than 16% this year so far.
“This is what Consumers’ Research has been warning about from the very beginning. The idea that the rush into [Environmental, Social and Corporate Governance (ESG)] and green investing would be good for investors and shareholders was always a lie,” Will Hild, the executive director of Consumers’ Research, told the Daily Caller News Foundation. “Now, with higher interest rates and a completely different energy paradigm, the folly of these boondoggles is becoming apparent.”
Many large financial institutions in the U.S. have embraced ESG investing in recent years, characterizing it as a practice that allows for investors to profit while also helping to effectuate positive societal changes. Opponents like Hild have countered that the strategy violates the fiduciary duty that institutions have to their investors by injecting politicized considerations into financial decision-making that ought to be entirely apolitical. Now, some of the leading asset managers in the world, such as BlackRock and State Street, are under investigation by the House Judiciary Committee for their ESG practices, while State Street and JP Morgan’s asset management arm have withdrawn from Climate Action 100+, a coalition that pushes companies to slash emissions and adopt other corporate climate policies.
Globally, some of the green funds that saw the biggest capital outflows in the first quarter of 2024 include Handelsbanken Hallbar Energi, a Swedish fund that lost $458 million of investment, and the iShares Global Clean Energy ETF, which lost $335 million, according to Reuters. Meanwhile, the Ninety One Global Environment Fund lost $226 million of investment in the first quarter.
The apparent downturn in investor confidence and interest in green energy funds appears to be happening despite the Biden administration’s push to advance its massive climate agenda and similarly costly initiatives undertaken by European states like Germany. Governments like those of the U.S. and Germany have spent vast sums of money to subsidize technologies like wind and solar power generation, but green energy has yet to displace fossil fuels as the lifeblood of the world’s developed economies.
If investor interest in green energy funds and products continues to dissipate, it is unlikely that international climate goals established or reaffirmed at 2023’s United Nations climate summit in Dubai will be met, according to Reuters.
DON'T BELIEVE A DAMN WORD YOU READ ON THIS WEBSITE!
The reader is responsible for discerning the validity, factuality or implications of information posted here, be it fictional or based on real events. Moderators on this forum make every effort to review the material posted on this site however, it is not realistically possible for a one man team to manually review each and every one of the posts atomicbobs.com gets on a daily basis.
The content of posts on this site, including but not limited to links to other web sites, are the expressed opinion of the original poster and are in no way representative of or endorsed by the owners or administration of this website. The posts on this website are the opinion of the specific author and are not statements of advice, opinion, or factual information on behalf of the owner or administration of Atomicbobs. This site may contain adult language, if you feel you might be offended by such content, you should log off immediately.
Not all posts on this website are intended as truthful or factual assertion by their authors. Some users of this website are participating in internet role playing, with or without the use of an avatar. NO post on this website should be considered factual information on face value alone. Users are encouraged to
USE DISCERNMENT
and do their own follow up research while reading and posting on this website. Atomicbobs.com reserves the right to make changes to, corrections and/or remove entirely at any time posts made on this website without notice. In addition, Atomicbobs.com disclaims any and all liability for damages incurred directly or indirectly as a result of a post on this website.
This website implements certain security features in order to prevent spam and posting abuse. By making a post on this website you consent to any automated security checks required by our system to authenticate your IP address as belonging to an actual human. It is forbidden to make posts on this website from open proxy servers. By making a post on this website you consent to an automated one time limited port scan of your IP address which is required by our security system to validate the authenticity of your internet connection.
This site is provided "as is" without warranty of any kind, either expressed or implied. You should not assume that this site is error-free or that it will be suitable for the particular purpose which you have in mind when using it. In no event shall Atomicbobs.com be liable for any special, incidental, indirect or consequential damages of any kind, or any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.
Some events depicted in certain posting and threads on this website may be fictitious and any similarity to any person living or dead is merely coincidental. Some other articles may be based on actual events but which in certain cases incidents, characters and timelines have been changed for dramatic purposes. Certain characters may be composites, or entirely fictitious.
We do not discriminate against the mentally ill!
Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to civil rights, economics, individual rights, international affairs, liberty, science & technology, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.
At some point freedom of speech and copyright law merge. The following interpretation of "Fair Use" and subsequent posting policy were developed with the assistance of qualified legal council however, we are not lawyers and cannot offer you legal advise as to the limits of "Fair Use"
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
Though legally each situation is evaluated independently according to guidelines that were intentionally left open to interpretation, we believe generally this policy represents "Fair Use" of any such copyrighted material for the purposes of education and discussion.
You are responsible for what you "publish" on the internet. You must be sure any copyrighted material you choose to post for discussion on this forum falls within the limits of "Fair Use" as defined by the law.
If you are a legal copyright holder or a designated agent for such and you believe a post on this website falls outside the boundaries of "Fair Use" and legitimately infringes on yours or your clients copyright
we may be contacted concerning copyright matters at:
If you require a courier address please send a fax or email and we will provide you with the required information.
For expedited human review & removal of potential copyright violations we encourage users & copyright holders to utilize the "Report Copyright Violation" button that accompanies each post published on this website.
In accordance with section 512 of the U.S. Copyright Act our contact information has been registered with the United States Copyright Office. "Safe Harbor" noticing procedures as outlined in the DMCA apply to this website concerning all 3rd party posts published herein.
If notice is given of an alleged copyright violation we will act expeditiously to remove or disable access to the material(s) in question. It is our strict policy to disable access to accounts of repeat copyright violators. We will also ban the IP address of repeat offenders from future posting on this website with or without a registered account.
All 3rd party material posted on this website is copyright the respective owners / authors. Atomicbobs.com makes no claim of copyright on such material.
Please be aware any communications sent complaining about a post on this website may be posted publicly at the discretion of the administration.
---
DON'T BREAK THE LAW!
---
Other than that you can do / say whatever you want on this forum.
We reserve the right to block access to this website by any individual or organization at any time for any reason whatsoever or no reason at all.
| 
