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.
The fuel that produces less pollution than coal and oil is the most obvious beneficiary of global warming, which a White House advisory panel said on May 6 is already blighting the U.S. with coastal flooding, heavier rainstorms and more intense wildfires.
See full Article: http://www.bloomberg.com/news/2014-05-09/cleanest-fossil-fuel-is-wall-street-bet-on-climate-change.html
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