Trump is giving the world a very expensive lesson in fossil fuel dependence. Now is the time to invest in companies that are moving us towards this green future, but how?
ETFs are garbage, IMO. Supposedly “green” ETFs have polluters like Shell, Boeing, CrApple, Total, Transocean, and so much more. According to a report in 2021, 70% of companies in “sustainable” ETFs are “misaligned” aka greenwashing.
I found private investment / crowdfunding companies that allow ESG investments, but recently watched a video that the entire market (private equity in general) was heading off a cliff and to divest ASAP. It hasn’t spooked me completely as it’s just a video, but I need to do some research.
Regardless, these are the ones I found:
- Enerfip - French
- GoParity - Portuguese
- Trine - Swedish
- Triodos Crowdfunding - United Kingdom (it’s a bank, so my trust level is near 0 honestly)
My questions to y’all: how do you invest in green tech? Can you recommend alternatives to the ones I named?
I consider the money I spent installing solar panels on my house an investment. My electric bill is less than $10 per month. If the stock market tanks, my electric bill will still be less than $10 per month. I helped support a local solar company and a solar manufacturer.
For investing, I use https://fossilfreefunds.org/ to help screen funds. Like you ate discovering, “ESG” is a broad term that gets slapped on a lot of things that may not fit your definition.
Sphere is one fund in particular that uses their voting power to try and steer the companies whose stock they hold away from fossil fuels.