Clean Energy Investment Opportunities Becoming More Attractive By the Day
This article on fracking reminded me that I haven’t written too much on the subject. For the record, my position is that fracking carries with it serious ecological consequences that we’re sweeping under the rug, and that natural gas does not, in any way, serve as a “transition fuel” to renewable energy. On the contrary, cheap fossil fuel only acts to postpone the much-needed development of clean energy in all its many flavors: solar, wind, biomass, geothermal, and hydrokinetics.
The article makes the point that the sponsor of the pro-fracking piece on public radio was in fact an oil and gas company, and that the content of the pieces was biased accordingly. That’s sickening, but it’s very much the way of the world today. In fact, the only reason that the transition to clean energy is so monumentally difficult is that it threatens fantastically powerful and deeply entrenched business interests.
Fortunately, the cost of clean energy solutions is falling so fast that no power on earth will be able to stop them, which is why some of the largest financial forces on the planet: Citigroup, Credit Suisse, Deutsche Bank, etc. are in the process of investing $7 trillion in this arena. And, as regular readers know, our list of clean energy investment opportunities features many extremely attractive business concepts.