Investing in green energy is crucial for combating climate change and creating a sustainable future for our planet. In a recent episode of the “Best of Sustainability In Your Ear” podcast, Doug Heske, the CEO of Newday Impact Investing, discussed the importance of environmentally responsible investing and how it can make a positive impact on the environment.
During the podcast, Doug compared the emerging solar industry with the declining fossil fuels industry, highlighting companies like Sunpower, First Solar, Canadian Solar, Sunnova, and Tesla as core energy holdings for the future. He also advised against investing in companies like Exxon Mobil, Chevron, British Petroleum, and Royal Dutch Shell if the goal is to protect the environment.
One interesting point that Doug raised during the conversation was the nascent investments by oil companies in renewable energy and carbon capture. While these investments show a shift towards sustainability, Doug believes they are not yet significant enough to justify buying stocks in these companies.
After the show, Doug did some research on one of the solar companies discussed, Canadian Solar, and found that it has significant ties to China, which may increase risk for investors. This highlights the importance of thoroughly researching and considering all aspects of an investment before making a decision.
It’s important to note that Earth911 urges caution and careful consideration when making investment decisions, especially when it comes to environmentally responsible investing. The podcast episode originally aired on October 18, 2021, and new responsible investing programs are set to be released every two weeks.
Overall, investing in green energy is not only a smart financial move but also a way to contribute to a more sustainable and environmentally conscious future. By making informed decisions and supporting companies that prioritize sustainability, we can all play a role in combating climate change and protecting our planet for future generations.
