trump likes fossil fuels. investors don’t. - energy storage companies
(
Bloomberg View)--
Fossil fuels have never been better friends at the White House than Donald Trump.
So why, two years after his presidency, investors favor listed companies working on renewable energy and cheer the Bronx for the coal, gas and oil crowd?
Trump opposes the scientific consensus on climate change and promises to repeal any regulations that hinder traditional energy exploration, drilling, mining and burning.
Since taking office in January
2017, he abolished the Clean Energy Program of the Environmental Protection Agency, the Home Office suspended the mining of new coal on public land, President Obama's 2013 climate action plans and 2015 efforts to mitigate climate change.
He withdrew from the Paris Agreement signed in 2015 by 195 countries, resumed construction of the Keystone XL pipeline connecting Canada's oil sands and Gulf Coast refineries, and increased public land by 600% (
Not to mention the coastal waters)
Leasing of oil and gas companies.
With all these incentives, however, fossil fuel has been a rare loser in the stock market since Trump took office.
Oil prices rose 15%.
The 170 companies in the Russell 3000 energy index, most of them in the oil and gas sector, fell 12% during the first government's announcement that global warming was a hoax.
At the same time, Russell 3000 received 27% of the proceeds and the technology was the best --
According to data compiled by Bloomberg, the performance industry rose 53%.
Quicktakesenergy has been profitable and clean for investors in the past two years
Technology shares do better.
89 major listed companies in the United StatesS.
Companies derived from Bloomberg's New Energy Finance believe that at least 10% of revenue comes from the company's renewable energy, energy efficiency and clean technology, which has returned to the Oval Office on the first day since the 50% trump card. Free-
Market capitalists seek profits where they see special growth potential, and they earn a lot from the cleanest companies. Ameresco Inc.
A company based in Framingham, Massachusetts that develops renewable energy
During Trump's presidency, the value of energy projects almost doubled to $15 a share.
Vivint Solar, a Lehi, Utah-
Installation procedure based on renewable energy
Energy equipment, value-added 98%. Cree Inc.
Durham energy producer, North Carolina
According to data compiled by Bloomberg, efficient ambient lighting surged 121%.
In the same period that Trump was a cheerleader, what did traditional energy companies do for shareholdersin-chief? Irving, Texas-
Exxon oil company headquartersgained 1%.
Golden Morgan
Pipeline transportation and energy storage in Houston lost 1%.
Peabody Energy, based in St.
According to data compiled by Bloomberg, Louis has fallen by 4% since the restructuring in April 2017.
Trump's energy plan proposes to take advantage of "the vast untapped domestic energy reserves of the United States ".
But it "ignores the greatest untapped and most important work --
According to the sustainable development labor network, productive energy in the United States: solar, wind and energy efficiency, the report quoted statistics from the Department of Energy as showing that "there are more workers directly employed in the clean energy industry than in the fossil fuel industry.
The Labor Network noted that "the solar and wind industries create jobs 12 times faster than other economic industries", adding that "the number of jobs in the United StatesS.
Jobs in the solar sector now exceed those in oil and gas mining.
Investors are betting accordingly.
IShares Global Clean Energy ETF, the largest exchange
US trading fundS.
In terms of clean energy investment, shares have been issued since Trump was elected president, an agent of net capital inflows, up 152%.
By contrast, SPDR Fund, the largest exchange Energy Select Sector
US trading fundS.
According to data compiled by Bloomberg, companies investing in the oil and gas business fell by 20% in the same period.
Trump is faster than any president of modern times, he has been supporting coal, coal is still
Run with investors
Since January 2017, seven coal
The Russell 3000 coal index fell by more than 6%.
He should go to the sun and make more money there.
Jingshun Solar, the largest exchange
The trading fund, which invests in the solar business, has returned 43% since he became president. (
Correct the date of Trump's inauguration in the second paragraph. )--
With the help of new Pei and Tom Lagerman.
Contact the author of this story: Matthew.
Winkler is at mwinkler @ bloomberg ).
NetTo contacted Jonathan Landman in charge of the story: jlandman4 @ bloomberg.
The NetThis column does not necessarily reflect the opinions of the editorial board or Bloomberg LP and its owners. Matthew A.
Winkler is a Bloomberg point columnist.
He's an editor-in-
Honorary chief of Bloomberg News.
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