“Gang Green” is also the nickname of the NY Jets football team which is not performing as well as clean-energy stocks… Here is Scott Patterson, Wall Street Journal:
“Two factors are driving the shift: Big and small investors have moved their assets away from fossil-fuel producers and toward renewable energy companies. Big investors like BlackRock Inc., the world’s largest asset manager, overseeing $7.8 trillion, have said they plan to take into account corporations’ disclosures of environmental risks, including carbon footprints.
Small investors have poured cash into sustainable funds. In the third quarter, they put $80.5 billion in the sector globally, a 14% increase from the previous quarter, according to Morningstar. Sustainable funds had $1.26 trillion in assets at the end of September, up 19% from the second quarter.”
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