Investors Advise Following The Money

The Case For Pivoting Into Renewable Energy

Frank Holmes, February 21, 2020 (Forbes)

“…More and more, people are demanding cleaner, more sustainable energy…[It] is the direction the world is headed in. Rather than fight it, we’ve made the [investment] decision to follow the money…Last year, corporations around the world [including tech giants and traditional oil and gas companies] bought a record amount of clean energy…[In Europe,] renewables accounted for an incredible 34.6 percent of total electricity generation in 2019…[A] greater share of European households and businesses get their power from wind and solar than they do coal…[The U.S. Energy Information Administration] expects electricity generation from renewable sources to surpass nuclear and coal by as early as next year…By 2045, it may even surpass natural gas…

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…[China has] been a leader in clean energy investment…[and recently joined 60] other countries in announcing a ban on single-use plastic items…[That] represents a major headwind for oil and gas companies that manufacture the petrochemicals needed to make plastic…[The] mob is clearly telling us which way the wind is blowing…Clean energy stocks have completely decoupled from natural resources, returning more than 66 percent for the three-year period through February 18. Natural resources stocks, meanwhile, returned only 11 percent over the same time…” click here for more

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