As Kermit the frog sang: "It's not easy being green". Limiting one's environmental impact is an admirable goal, but the problem in terms of investment is that we don't yet have any truly green choices (that I am aware of). This is the fundamental reason for the failure of these funds.
All companies operate within our fossil-fuel-driven economy, and most so-called green technologies still depend heavily on extractive industries making them a marginal improvement at best (and a con job at worst). The best that most companies can claim in terms of their green credentials, is that they are not directly a miner or O&G enterprise, and perhaps they have solar voltaics on the roof.
We currently have the situation where global bitcoin mining alone is consuming a similar amount of energy as the nation of Belgium. I've actually heard crypto fanatics pointing this out as being a good thing - a mark of the legitimacy of crypto-currencies. As long as this sort of useless waste of resources is allowed to go unchecked, there is no hope IMO.
A simple measure of how the world is doing, is this graph of global energy consumption:
Link to website: https://ourworldindata.org/energy
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Last
$24.40 |
Change
0.250(1.04%) |
Mkt cap ! $46.32B |
Open | High | Low | Value | Volume |
$24.36 | $24.56 | $24.23 | $114.1M | 4.674M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15858 | $24.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$24.46 | 30 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 205 | 24.370 |
3 | 719 | 24.350 |
2 | 190 | 24.330 |
1 | 500 | 24.320 |
1 | 120 | 24.300 |
Price($) | Vol. | No. |
---|---|---|
24.460 | 30 | 1 |
24.500 | 3692 | 5 |
24.530 | 575 | 1 |
24.540 | 1734 | 1 |
24.550 | 850 | 1 |
Last trade - 16.13pm 18/07/2025 (20 minute delay) ? |
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