Green Investments Tanking
By Paul Homewood
http://dailycaller.com/2015/10/28/green-investment-funds-are-tanking-losing-shareholders-millions/
Stranded assets, Mr Carney?
From the Daily Caller:
Green energy investments have been shredded over the past eight years, gutting shareholder value and calling the financial viability of renewable energy into question.
The Energy Select Sector SPDR exchange-traded fund, which tracks the alternative energy sector, is down 15 percent over the past eight years. Barron’s reports that losses among individual ETFs in the green energy sector, however, are much worse. Guggenheim Solar ETF has lost investors 88 percent over the same timeframe, with PowerShares WilderHill Clean Energy Portfolio losing a similar 82 percent.
Global government cuts in green energy subsidies will continue to threaten alternative energy investments going forward. According to the Guardian, the U.K. was forced to cut a green tax relief program due to uncertainty in the market. Jan-Willem Bode, director of one of the largest green energy organizations in the U.K. said Wednesday, “Many shareholders feel like pulling the plug right now because it is just too much negativity thrown at the sector.”
Dwindling demand and oversupply in the energy market also don’t bode well for floundering alternative energy investments. According to Barron’s, with oil prices at record lows countries may be less likely to invest in expensive energy alternatives, especially with price volatility causing so much uncertainty
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NOT A LOT OF PEOPLE KNOW THAT 
I’ve got no problem with green investments losing money as long as it’s only the greenies who pushed these follies that lose the money. It should have been clear to anyone that any investments which are completely dependant on subsidies for their existence are not viable in the long term.
I suspect it may well get worse yet because there is considerable scope for the government to add new taxes to these ‘investments’ in the same manner as the Spanish have done by charging for grid fees/taxes for backup power supply.
Worse?? – Don’t you mean better!
Reblogged this on The Arts Mechanical and commented:
Green energy is a bad investment, who knew? Well anybody who’s looked at the numbers should.
According to the National Planning Policy Framework (the NPPF), all developments needing planning permission should be socially, environmentally and economically sustainable. All renewable energy schemes are not economically sustainable, needing massive subsidies to make them viable. No renewable energy schemes should therefore have received planning permission, so anybody who invested in them deserves to lose their shirt.
The greens – not just financially bankrupt but scientifically, ethically and morally bankrupt!!
Was driving down a dual carriageway 4 days ago and while going on an underpass there was a banner draped above on the fencing stating ” If you’ve been miss sold solar panels contact solicitors”
On the way back low and behold there was a similar advertisement on the local radio station.
I suspect they will have much more difficulty claiming compensation for miss sold solar panels than PPI. How many people have contracts for panels which give any performance stats and how many of the solar panel companies are still trading.
I’m only shocked, that it took this long. It is a Ponzie scheme, and more and more people are starting to realize the truth!
Noes! 😉 “Research” analyst Vishal Shah (Deutsche Bank) has prophesied the grid ‘parity is near’, you only have to €invest$ and it will happen:
– search?q=solar+grid+parity+bank+analyst+Vishal+Shah
It is very interesting to see which sites are engaged in the propaganda and that it’s solar grid parity, not wind.