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Divestment of fossil fuels will probably end up being good financial advice. German utilities lost value fast when renewables were implemented. I would put my
by andrewtbham 7y ago
Divestment of fossil fuels will probably end up being good financial advice. German utilities lost value fast when renewables were implemented.
I would put my retirement money in an S&P 500 index fund that excluded fossil fuels.
- gruez 7y ago>Divestment of fossil fuels will probably end up being good financial advice. German utilities lost value fast when renewables were implemented. How do you know whether that's already priced in?
- golemiprague 7y agoIf German utilities lost value it means that moving to renewables didn't work, isn't it? Not that the fossil fuel companies lost value. Which I think indeed what happened there, they had to go back and use coal because the whole renewable thing didn't work so well for them and just made everything more expensive without really providing enough energy.
- clomond 7y agoWell, although this is not financial advice - there does exist an index fund that does just that (SPYX). It holds the S&P 500 less any company which "holds fossil fuel reserves". Still some "fossil fuel" companies in there, but for retail investors with the context of an index fund its probably as close as you're gonna get at least today.