• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Exit Stage Right: Investors Are Bailing On Green Funds
Business

Exit Stage Right: Investors Are Bailing On Green Funds

April 10, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Stock Market Drops And Recovers Ahead Of Inflation Data Announcement
Share
Facebook Twitter LinkedIn Pinterest Email

Investors are fading on green energy investment funds due to worries about the sector’s ability to grow and the possible return of former President Donald Trump to the White House, Reuters reported Wednesday, citing analysis conducted by a firm called LSEG Lipper.

Funds that invest specifically in green energy companies and products around the world saw investment outflows totaling $4.8 billion during the first quarter of 2024, the largest amount in a single quarter on record, according to Reuters. Meanwhile, the S&P Global Clean Energy Index has tanked by about 10 percentage points this year while the S&P 500 Energy Index — a fund that features many oil and gas companies — is up by more than 16% this year so far.

“This is what Consumers’ Research has been warning about from the very beginning. The idea that the rush into [Environmental, Social and Corporate Governance (ESG)] and green investing would be good for investors and shareholders was always a lie,” Will Hild, the executive director of Consumers’ Research, told the Daily Caller News Foundation. “Now, with higher interest rates and a completely different energy paradigm, the folly of these boondoggles is becoming apparent.” (RELATED: Citigroup Reports Huge Share Of Its Clients Are Not Ready To Reach Key Climate Targets)

Red State Slaps Wall Street Titan With Cease And Desist Order Over ‘Fraudulent’ Claims About Green Investments https://t.co/QyEv2WBR8c

— Daily Caller (@DailyCaller) March 27, 2024

Many large financial institutions in the U.S. have embraced ESG investing in recent years, characterizing it as a practice that allows for investors to profit while also helping to effectuate positive societal changes. Opponents like Hild have countered that the strategy violates the fiduciary duty that institutions have to their investors by injecting politicized considerations into financial decision-making that ought to be entirely apolitical.

See also  What investors want to know about the SEC's crypto crackdown

Now, some of the leading asset managers in the world, such as BlackRock and State Street, are under investigation by the House Judiciary Committee for their ESG practices, while State Street and JP Morgan’s asset management arm have withdrawn from Climate Action 100+, a coalition that pushes companies to slash emissions and adopt other corporate climate policies.

Globally, some of the green funds that saw the biggest capital outflows in the first quarter of 2024 include Handelsbanken Hallbar Energi, a Swedish fund that lost $458 million of investment, and the iShares Global Clean Energy ETF, which lost $335 million, according to Reuters. Meanwhile, the Ninety One Global Environment Fund lost $226 million of investment in the first quarter.

The apparent downturn in investor confidence and interest in green energy funds appears to be happening despite the Biden administration’s push to advance its massive climate agenda and similarly costly initiatives undertaken by European states like Germany. Governments like those of the U.S. and Germany have spent vast sums of money to subsidize technologies like wind and solar power generation, but green energy has yet to displace fossil fuels as the lifeblood of the world’s developed economies.

If investor interest in green energy funds and products continues to dissipate, it is unlikely that international climate goals established or reaffirmed at 2023’s United Nations climate summit in Dubai will be met, according to Reuters.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

See also  Australia's ANZ posts record FY profit, investors fret over mortgage pressure

Bailing exit funds Green investors Stage
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

756 Smuggled Migrants Headed to U.S. Detained by Mexico Over Weekend

August 9, 2023

Rash Of Mass Shootings Kills 10 In U.S. Ahead Of July 4 Holiday

July 4, 2023

Women’s World Cup: Australia Faces Its Injuries, While Newcomers Face Off

July 27, 2023

Layoffs Hit Left-Wing Site FiveThirtyEight, Founder Nate Silver Says He’ll Likely Leave Company

April 29, 2023
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Czech online grocers look east and west beyond their home market

March 2, 2023

McCarthy threatens to open impeachment inquiry into AG Merrick Garland

June 27, 2023

California City Renames Street For Rapper Tupac Shakur

May 17, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.