|Investors Dump Green Energy in 2013|
|by Tom McGregor||Thu, Jan 16, 2014, 01:56 AM|
President Barack Obama has long touted Green Energy as the wave of the future to create millions of jobs for Americans. Yet, his ambitious goals have failed to achieve their objectives. Even Eco-friendly investors are dumping their Green stocks to buy more oil & gas companies.
Inter Press Service reports that, "Despite Wall Street’s nascent rediscovery of green energy, global investment in alternative stocks declined by 12 percent last year. According to a Bloomberg New Energy Finance report, investment was scaled back in both the U.S. and China – for China it was the first year without growth in the sector in a decade – and plunged by nearly half amidst austerity in Europe."
Democrat Party financier, George Soros, is cleaning out his holdings of Green Energy to buy more Brazilian oil companies.
According to Inter Press Service, "The solar sector led the decline, as plummeting prices for photovoltaic arrays led to an industry-wide contraction of nearly 20 percent."
The future looks dismal for Green Energy.
To read the entire article from Inter Press Service, link here:
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