Cleanest Fossil Fuel Becomes Wall Street’s Bet on Climate Change
This article is for subscribers only.
Wall Street’s idea of investing in climate change means investors are piling into natural gas, the least polluting fossil fuel.
Energy accounted for almost two-thirds of the $8 billion of inflows into sector-based exchange-traded funds this year, according to data compiled by Bloomberg. In the absence of federal mandates for renewables such as wind and solar, much of that money is going into funds that invest in natural gas drillers.