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Actively choosing not to invest in fossil fuel...

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Comments

  • MarkFromCornwall
    MarkFromCornwall Posts: 933 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    edited 12 January 2023 at 9:08PM

    With that in mind, how do you seasoned investors and those who know the game well deal with this issue?

    I think climate change is a critically important issue, so many of my investments are in renewable energy and related stuff like electric vehicles.  Qyburn rightly points out that when you buy a share from an existing shareholder you aren't really doing anything that affects fossil fuel / renewables, so many of my investments are in technology startups like RheEnergise, or community energy schemes (eg. putting solar panels on schools) or existing firms raising more capital, for example to build new wind farms.

  • Qyburn
    Qyburn Posts: 3,808 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Just on my own hobby horse I wish there was more effort put into energy saving. All the stuff about renewable energy, electric vehicles, hydrogen etc is almost saying "It doesn't matter how much energy you use as long as it's electric".  If we were serious about energy savings electric cars wouldn't have 150HP motors.
  • Martico
    Martico Posts: 1,206 Forumite
    1,000 Posts Third Anniversary Name Dropper

    With that in mind, how do you seasoned investors and those who know the game well deal with this issue?

    I think climate change is a critically important issue, so many of my investments are in renewable energy and related stuff like electric vehicles.  Qyburn rightly points out that when you buy a share from an existing shareholder you aren't really doing anything that affects fossil fuel / renewables, so many of my investments are in technology startups like RheEnergise, or community energy schemes (eg. putting solar panels on schools) or existing firms raising more capital, for example to build new wind farms.

    I invest through Clim8 Invest, who tick the boxes for me. While  satisfying my own personal stance to investing, I also think that climate tech companies and the like should be one of the better long term bets 
  • JohnWinder
    JohnWinder Posts: 1,862 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    edited 13 January 2023 at 12:39PM
     I also think that climate tech companies and the like should be one of the better long term bets 
    Seems that way. But some hold the view that the opportunities and returns that such an area offers unavoidably attracts participants who share and thus dilute the profits on offer. Why wouldn’t business women flock to a field promising better returns, to the point where the returns were shared among so many businesses that the returns, for the risk, were no better than anywhere else?
    Digital technology was a recent innovation that was a better long term bet. In the 1970’s Clive Sinclair and his computers were in the thick of it with pioneering UK products. By 1985 the company was flaming out, leaving Apple or Microsoft. So if tech was the place to be for the last 50 years you had to pick and choose (good luck with that) or hold them all while some crashed and burned.
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