Monday 2 January 2023

BIG INVESTMENT GAINS FROM FOSSIL FUELS, BUT BIG LOSSES FROM RENEWABLES

It is now becoming clear that wind and solar power were just the fashion accessories that no one had to have. Coal, oil and gas were essential. Not only did demand for green energy fall, but the supply fell too. As costs rose, factories struggled to make wind turbines, solar panels, and batteries. Read the details here:

 That’ll hurt: Environmental investors lost 22% in a year when Energy investors made 54% gains « JoNova (joannenova.com.au)

1 comment:

  1. Over the pandemic, a lot of oil went down in price quite a bit with lots of drilling companies declaring bankruptcy. The energy sector goes through ups and downs sometimes to extremes.

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