Clean investments in U.S. doing far better than fossil fuel stocks since 2017 FacebookTwitterLinkedInEmailPrint分享Bloomberg:Fossil fuel never had a better friend in the White House than Donald Trump. So why, two years into his presidency, are investors favoring public companies devoted to renewable energy and giving the Bronx cheer to the coal, gas and oil crowd?Trump campaigned against the scientific consensus on climate change and promised to repeal any regulation that impeded the exploration, drilling, mining and burning of traditional energy. Since his inauguration on Jan. 24, 2017, he rescinded the Environmental Protection Agency’s Clean Power Plan, the Interior Department’s moratorium on new coal mining on public land, and President Barack Obama’s 2013 climate action plan and 2015 climate mitigation efforts. He withdrew from the Paris agreement signed by 195 countries in 2015, revived construction of the Keystone XL pipeline connecting Canada’s oil sands to Gulf Coast refineries, and increased by 600 percent the public land (not to mention coastal waters) for lease by oil and gas companies.Yet with all of these incentives, fossil fuel is a rare loser in the stock market since Trump took office. And that’s after oil appreciated 15%. The 170 companies in the Russell 3000 Energy Index, most of which engage in oil and gas, are down 12% during the first administration to declare global warming a hoax. The Russell 3000, meanwhile, gained 27% and technology, its best-performing sector, rallied 53%, according to data compiled by Bloomberg.As lucrative as the overall stock market has been for investors during the past two years, clean-technology shares have done even better. The 89 major publicly traded U.S. firms identified by Bloomberg New Energy Finance as deriving at least 10 percent of their revenue from the business of renewable energy, energy efficiency or clean technology have returned 50%since Trump’s first day in the Oval Office.Free-market capitalists seek profits wherever they see the potential for exceptional growth, and they’re reaping a bonanza from the cleanest companies. Ameresco Inc., a firm based in Framingham, Massachusetts that develops renewable-energy projects, almost doubled its value to $15 a share during the Trump presidency. Vivint Solar Inc., a Lehi, Utah-based installer of renewable-energy equipment, appreciated 98%. Cree Inc., the Durham, North Carolina producer of energy-efficient environmental lighting, surged 121%, according to data compiled by Bloomberg.What did traditional energy companies do for their shareholders during the same period with Trump as the cheerleader-in-chief? Irving, Texas-based Exxon Mobil Corp. gained 1%. Kinder Morgan Inc., the pipeline transportation and energy storage company based in Houston, lost 1%. Peabody Energy Corp., based in St. Louis, declined 4% since it was restructured in April 2017, according to data compiled by Bloomberg.More: Trump likes fossil fuels. Investors don’t.
SAN FRANCISCO – In the real world, it’s something you’re given. In the virtual world, having a full name is going to cost you. The online fantasy world “Second Life” will soon allow residents to customize their characters’ first and last names – at a cost likely to be $100 up front and $50 a year, said spokesman Alex Yenni. Currently, participants in the popular alternative universe can give their digital proxies – called avatars – nearly any first name they’d like. But nearly everyone has to select from a rotating stock of surnames – conventional surnames such as Geiger, Felix and Lancaster, or futuristic, foreign or odd ones like Cioc, Stenvaag and Pugilist. The 3-D fantasy world’s operators, San Francisco-based start-up Linden Research Inc., have approved special names to only a select group of high-profile members, including IBM Corp. Chairman Samuel J. Palmisano and Democratic presidential hopeful John Edwards. So far, the company hasn’t charged for them. The company’s business development team decided to create a vanity name feature in part to help legitimize the growing number of executives, political candidates and other famous people who stage rallies and give stump speeches in the virtual world. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!