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Wednesday, May 16, 2012
The worldwide crash of green energy companies
The RENIXX Index of the 30 largest renewable energy companies in the world is trading at an all-time low today and has lost over 90% of its value since 2008. A partial listing of green energy companies that have already filed bankruptcy or are teetering on the brink is below. Many of these companies were financed by taxpayers
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I remember about 15 years ago there were "ethical" mutual funds. My advisor asked me if I wanted in. I told him I'll burn my money first.
Of course, they toileted and then changed their name and fund profile.
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