Clean investments in U.S. doing far better than fossil fuel stocks since 2017

first_imgClean 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 Since his inauguration on Jan. 24, 2017, he rescinded the Environmental Protection Agency’s Clean Power Plan, the Interior Department’s moratorium on new coal mining on public land, and President Barack Obama’s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.last_img read more

Sportsmen of 2006 show excellence in all 12 months

first_imgSports Illustrated got it all wrong. I love Dwyane Wade as much as the next guy, but he is not the Sportsman of the Year.Wade’s an amazing player and the Heat wouldn’t have won the NBA championship without him, but how can he be named the one, the only, the best athlete of the year?What’s that? Who should it be, you ask?There are so many more deserving individuals than Wade, but the beauty of sports is that many different people can steal the spotlight over the course of a year. That’s what makes it so tough for SI to annually pick just one Sportsman.So, I’ll help break it down. Let’s start by naming the twelve runners-up, who each receive individual honors for Sportsman of the Month, starting with last January and going into December.January: Vince YoungLeading off this list is the guy who orchestrated one of the most entertaining football games of all-time: Vince Young.The 2006 Rose Bowl featured two heavyweights in USC and Texas, but while golden boys Matt Leinart and Reggie Bush continually snatched up the headlines, Young stole the show by totaling 467 yards (267 pass, 200 rush) and rushing for one of the most memorable touchdowns ever as the Longhorns put an end to USC’s reign, 41-38.February: Ben RoethlisbergerMotorcycle accidents, an appendectomy and a disappointing regular season this fall can’t mar the fact that Big Ben became the youngest quarterback in the history of the NFL to sport a Super Bowl ring.No matter how bad this current season has been, one thing that can’t be taken away is Roethlisberger leading the AFC’s sixth seed to the Promised Land in the early part of this calendar year.March: George Mason basketball teamMichigan State, North Carolina, Wichita State, Connecticut: Those four teams have combined for eight NCAA championships and dozens of Final Four appearances.Someone forgot to tell the George Mason Patriots, who defeated those squads en route to a dream tournament that culminated in the Final Four. The little mid-major team that could ended up losing to eventual national champ Florida and offered the world more than a fantastic thrill ride all the way to Indianapolis.April: Dan HawkinsWith a few other worthy picks, I choose to offer April’s distinction to Hawkins who (snicker) gave up the head coaching job at BCS-bound Boise State (ha!) to go coach (chuckle) the much-maligned University of (cue the laugh track) Colorado Buffaloes football team (you idiot).Uh, Hawk, what the Buff were you thinking? Well, you’ll get the consolation prize from me, April’s selection for Sportsman of the Year (and by consolation, I mean the plastic ring at Chuck ‘E Cheese worth four tickets). This is mainly because you had the cojones and the courage to try to resurrect a seemingly finished football program.May: Rick ReillyReilly receives the nod this month for writing a column pleading for donations to a great cause in Africa.According to Reilly’s May column, 3,000 African kids die every day from malaria, and the problem could be drastically reduced with the mass purchase of mosquito nets to protect families in their homes.Well, Reilly just gave us all an update in the last edition of SI. More than 17,000 people donated in excess of $1.2 million, which allowed for these mosquito nets to pretty much cover the entire country of Nigeria. Definitely one of the better stories of the year.June: Cam WardThis was a tough two-horse race and France loses out barely despite its World Cup triumph. Hopefully, this snub doesn’t feel quite as painful as a Zinedine Zidane headbutt.Cam Ward was a backup goaltender rotting on the bench, winning just 14 games in the 2005-06 regular season. But the 22-year-old rookie (22 years old!) finished the playoffs with an impressive 2.14 GAA and 15 wins en route to claiming the Conn Smythe Award and leading the Carolina Hurricanes to their first Stanley Cup championship.July: Tiger WoodsAfter missing the cut at the U.S. Open, and less than three months removed from the devastating loss of his father and mentor, Earl, Tiger pulled off the most emotional accomplishment of his career — winning the British Open.Tiger dedicated his 11th major title to his father, and whether you were a Tiger lover or a Tiger hater, you couldn’t help but root for Woods in this emotional tale.August: Ryan HowardLet me roll some numbers for you. On Aug. 1, the Philadelphia Phillies were 50-55, and 4.5 games back of the wild-card lead with six teams in front. On Sept. 1, the Phils were 67-66 and a mere half-game back of the Padres for the wild-card.How did this happen? All Ryan Howard did was hit .348 and smash 14 HR, the final push he needed to claim the NL MVP award. The plump Philadelphia first baseman nudged out superstud Albert Pujols in the voting last November, and deservedly so for being a one-man show in Philly.September: Drew Brees/Reggie BushI’ll admit I’m sick of hearing about Hurricane Katrina, but the best sports story of the year was Brees and Bush so adamantly wanting to help a city in need, and they have done so on and off the field in rejuvenated New Orleans.Their charming personalities and gracious off-field contributions speak for themselves. But the Saints are about to go marching in to the NFC playoffs, a feat thought impossible just a few short months ago.October: Jim Leyland and the Detroit TigersThe Tigers’ postseason jubilation after knocking off the heavily favored New York Yankees in the ALDS says all you need to know. The players ran back out on to the field with their champagne and ecstatically celebrated with their die-hard (and, uh, bandwagon) fans.Among the best moments: Kenny Rogers pouring a bottle of bubbly on a stadium security officer, and Jim Leyland being a good sport, kissing that wild fan who wanted a smooch on the cheek just after Leyland had embraced the win with his family.November: Tony RomoThe preseason darlings of the NFC, the Dallas Cowboys, were middling Oct. 29 at 3-3, coming off a tough home loss to the hated New York Giants. America’s team was on national television Sunday night, on the road against the dangerous Carolina Panthers, and was down 14-0 after 15 minutes.Then Tony Romo happened.In his first career start, Romo threw for 270 yards and led Dallas past the Panthers to a 35-14 win. The ‘Boys haven’t looked back since, as they now sit at 8-4 and look to be a favorite to represent the NFC in the Big Dance come February.November was a great month for Romo, who went 3-1 helped by the official dethroning of the mighty Colts.December: Vince YoungYes, it’s his second selection of the calendar year. December is still Young, so it’s only fitting that Vince gets the nod here, mainly for his heroics in taking down those mighty Colts. Who-da-thunk it, the two QBs to defeat Peyton Manning this year are Tony Romo and Vince Young, of all people.With back-to-back stunning wins over a couple of Manning brothers, Young has already capped a magical year. By the way, I think it’s time both Manning, Leinart and members of the Houston Texans organization get together and have a beer, drink their troubles away … maybe throw a game of darts, with a picture of In-Vince-ible’s face as the dartboard.My 2006 Sportsman of the Year: Roger FedererFederer is arguably the most dominating athlete on the planet (and by arguably, I mean Tiger is the only foe who comes close). My colleagues at the Herald and I have had a few heated debates over who’s the greatest of them all, Roger or Tiger.However, there are a few reasons why Federer is clearly superior. For one, Tiger’s won Sportsman of the Year twice, in 1996 and 2000. It’s time to give Roger his due.Second, Tiger’s had a few lapses in brilliance (re: missing the cut at the U.S. Open, albeit in mourning), while Federer barely broke a sweat to the tune of a 92-5 record and three more Grand Slam titles to his repertoire. This hasn’t just been 2006: In the last three years, Federer has gone 247-15 (an unbelievable 94.3 percent success rate).Lastly, I won’t ignore Tiger’s humble personality, as he is truly a role model for us all with his clean record and astonishingly genuine aura. But Federer has accomplished so much without saying or doing one wrong thing. How a man can achieve so much without ever losing his temper, his passion for the game or his unending respect for everyone around him, is beyond me.Tiger may exude greatness and brilliance. But Roger Federer represents perfection.So, who’s your pick for Sportsman of the Year? Aaron is a sophomore majoring in journalism who doesn’t think Federer can be matched by anyone … ANYONE. But, let’s hear your nominations at read more