to net-zero carbon emissions by 2050.
"Revoking the Keystone XL pipeline is a significant step backwards both for environmental progress and our economic recovery," the groupin a press release."This misguided move will hamper America’s economic recovery, undermine North American energy security and strain relations with one of America’s greatest allies."
While some laggards in the U.S. oil industry risk losing ground in this new era, there is a whole new slate of winners. Wall Street dollars have flowed into green energy stocks ever since Biden showed promise of winning the White House, according to Steve Fleishman, a senior analyst with Wolfe Research. Since the summer, an index of solar energy stocks called the Invesco Solar ETF has seen its price soar by roughly 150 percent, compared to around just 18 percent for the S&P 500.
Under Biden’s climate policies, demand for clean energy could potentially double in the next 15 years, Weinstein told investors last week. Already, the clean energy industry is on track to see 5 to 10 percent annual earnings growth over the next two decades that will require an investment of $58 trillion by 2040, according to Mark Haefele, an analyst with UBS.
But new lobby groups have sprung up around the Capitol. Zero Emission Transportation Association, launched in November, plans to lobby Congress to help fund the construction of new electric car-charging stations and provide tax credits for consumers and companies to buy zero-emissions vehicles. In September, the American Clean Power Association launched under Heather Zichal, a former climate adviser to the Obama administration, to advocate for solar and wind companies.
Similar to other sectors, small businesses in the renewable energy industry have been hammered by the coronavirus, leaving larger companies in a better position to gain from future federal tax credits that might come with the new administration.
How about shut them down. Green house Gases fumes & toxins have poisoned our streams rivers & oceans The air is getting filled with impurities daily. GO ELECTRIC save energy, save lives Save our planet AMERICA'S SUCH A GREEDY country so destructive
I am 27 and use almost all my retirement on green stocks only. Not a ton if money but there are millions more like me
They should get on board with green energy. They've literally made trillions of dollars. Time to invest in the future.
Earth core energy harvest
Adapt or perish.
Adapt.
Because oil is cheap, oil price goes up, so does Greentech.
Oil has no future.
“Booming renewable energy” lol right
I say we all go back to Horse and Buggy, and plant our own food. I can chop my own wood for heat. 😉
War with Iran or Venezuela, or both, if history is a guide
It's OK as long as he invests money into retraining and hiring the people who work in the prehistoric era.
JIM CROW take Children then can't be apart of case plan via injunction and per judge in Florida it's not Jim Crow
Oh my. Cheap green energy.
Maybe some innovation?🤷♂️
he has proven that he's genuine, and i can trust him with my last dime that's what i want for you all as well invest with michealweldone1 🙏🏻🙏🏻,