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Re: Exit Stage Right: Investors Are Bailing on Green Funds 

By: De_Composed in 6TH POPE | Recommend this post (2)
Fri, 12 Apr 24 12:10 AM | 27 view(s)
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Msg. 52237 of 58523
(This msg. is a reply to 52232 by Zimbler0)

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Zimbler0:

Re: “I personally suspect that the only way 'green energy' can possibly work is because governments seem to be pouring Mega-Billions of dollars (or equivalent) into the things.”
I can understand government trying to get the ball rolling. But after a while, even government ought to figure out that what it's pushing is a cube, not a ball.





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The above is a reply to the following message:
Re: Exit Stage Right: Investors Are Bailing on Green Funds
By: Zimbler0
in 6TH POPE
Thu, 11 Apr 24 11:40 PM
Msg. 52232 of 58523

Interesting . . .
I tried searching on 'Negative Returns on green energy' And what I was getting was page after page of entries touting how great 'green' ETF's were.

I personally suspect that the only way 'green energy' can possibly work is because governments seem to be pouring Mega-Billions of dollars (or equivalent) into the things. Sure, an ETF can make a LOT of money filling government 'jobs' . . . But what happens when the government bankrupts or the higher ongoing costs associated with 'green energy' destroy the economies dependent on said energy?

And I have found a pdf file that says this :

>>>
While the global demand for clean and renewable energy sources is growing, the performance of the
funds that invest in them has been lagging the conventional energy sector, which is dominated by oil and
gas companies. Since January 2022, the total returns of exchange traded funds (ETFs) that focus on
solar, wind, and other green technologies have been negative, while the traditional energy funds have
risen strongly.
>>>

I keep thinking of the extreme subsidies for windmill farms in America. . . And I just don't see it as a viable model.

Zim.


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