February 11, 2019 Read More →

Fossils’ poor stock performance makes case for divestment

The Energy Mix:

Pouring more dollars into the fossil sector no longer makes sense for investors paying attention to a decade of poor stock performance, the gradual departure of institutional investors, depressed profits, a shaky future outlook, and the fact that fossils placed dead last in the 2018 Standard & Poors 500 stock market index, the Institute for Energy Economics and Financial Analysis argues in a new briefing note.

“If you take an honest look at the data, the sector has underperformed in the stock market for a decade and continues to perform poorly,” said IIEEFA financial analyst Kathy Hipple, who co-authored the briefing note.

Co-author and IEEFA Director of Finance Tom Sanzillo noted the sector under-performed in spite of almost three years of rising oil prices. “Finding alternatives is not difficult since practically every other sector of the economy is growing faster and smarter,” he said.

The Energy Mix: Fossils’ poor stock performance makes case for divestment

 

Posted in: IEEFA In the News

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