An ABC report writes that coal investment is in decline while...

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    An ABC report writes that coal investment is in decline while renewable energy stocks are "soaring"

    "This week, Wall Street behemoth Goldman Sachs announced it had ruled out direct finance for new or expanding thermal coal mines and coal-fired power plant projects worldwide, as well as direct finance for new Arctic oil exploration and production.

    "The bank has also committed to phase out financing for significant thermal coal mining companies that do not have a diversification strategy.

    "It acknowledged that its policy "still lags behind its leading global competitors" and "remains far from alignment with what is needed to limit climate change to 1.5 degrees Celsius".

    On the ASX, renewable energy stocks seem to be rather stagnant. RFX at $0.044, GNX at $0.23, Zenith $0.645 (with multi-million$ contracts completed), and few miners of graphite, lithium, cobalt etc are achieving significant support (IGO and LYC not included) for example.

    I'd like to understand the market for energy stocks as I'm very concerned about the lack of support from Govt.

    Is the lack of Govt policy for the transition from fossil fuels to renewable energy hurting the market?

    Do investors really need Govt support to invest in transitionary co.s?

    Do investors consider coal to be a sound long-term investment?
 
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