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IPFS News Link • Stock Market

Go green, go broke: 'Clean energy' fails a basic economics test


The once-glorified clean-energy stocks are now facing their darkest days, plunging the industry into a financial abyss that threatens America's ambitious environmental aspirations. The much-touted green revolution is looking more like a red alert as the sector hemorrhages tens of billions in market value.

Sure, we're told that hundreds of billions is still pouring into renewable energy projects, despite the fact that the stock market seems to have declared a resounding "no thanks" to these ventures. The iShares Global Clean Energy ETF (Exchange-Traded Fund), the poster child for the industry, has nosedived by over 30% this year and a whopping 50% since the dawn of 2021.