Less than a year after launching a hedge fund dedicated to the green energy transition, its founder says there’s currently no financial gain to be had from investing in renewable power.
“The whole sector — solar, wind, hydrogen, fuel cells — anything clean is dead for now,” said Nishant Gupta, founder and chief investment officer at London-based Kanou Capital LLP.
Against a barrage of political headwinds in the US, a war-fueled energy crisis and stubbornly high interest rates, large parts of the clean-energy industry are stalling. In the past year, the S&P Global Clean Energy Index has lost 20%, a period during which the S&P 500 Index gained 16%. And with the Trump administration shredding climate policies in the world’s largest economy, many green investors are taking a timeout.
Re “anything clean is dead for now” …. for folks with an IQ greater than a turnips the Green Schemes were always dead and were a play on subsidy farming.
The innumerate & ignorant bot into the green schemo-dreamos … regular folk not so much.
“…many green investors are taking a timeout.”
i.e. Not those who initiated the scam, they left eons ago, but the ones who booked a balcony suite on a sinking ship.
Imagine writing this with the sincere belief that these are real, effective acts.
Damn ! Trump just DOGEd the shit out of all those “green” subsidies. Time to get OUT! Right?
The scales have fallen off our eyes about the pointless Ukraine War … and the entire Global Warming Scam. Young people everywhere are waking up to their futures being sacrificed on the altar of these false religions.
Et tu, blubber douggie? Are you still committed to pissing away our billions on EV battery plants?
As soon as you cut out the government subsidies, green becomes unprofitable. Huh, who knew!
Of course not, the “government” money has dried up in the US.
Green always was nothing but a get filthy rich off the taxpayers scheme for crooked politicians, corrupt bureaucrats and crony capitalists
Kanou tips.
Someone should advise the clown to come to Canada, rent seeking is still very much in vogue here.
Suck-errrrrrrrs!
Financial gain?..
—-
Crying, mommy and daddy cut off your allowance.. Come on now.. Sell it for what its worth :)..
People are still investing in the Carney Project, after all, if he’s (s)elected leader, the CPP will jump at the opportunity to lose more money on bad bets.
https://finance.yahoo.com/quote/BEP-UN.TO/
But, but how could financial gain be an issue? It’s for the planet isnt it? sob, sniffle