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Natural gas is Wall Street's bet on climate change

  • Wall Street’s idea of investing in climate change means investors are piling into natural gas - the least polluting fossil fuel - as energy have accounted for nearly two-thirds of the $8B of inflows into sector-based ETFs this year.
  • A White House advisory panel said this week that global warming already is blighting the U.S. with more intense coastal flooding, rainstorms and wildfires, but “weather extremes are good for the energy business," says money manager Skip Aylesworth.
  • Climate change is proving to be a boon for energy investment; on the day the report was issued, the S&P Energy Index hit a record, and $322M flowed into ETFs that specialize in energy.
  • "Natural gas is a potential bridge to new technologies that are green or clean,” says State Street's David Mazza, which he says has sparked investor interest in companies such as Nabors Industries (NBR), EOG Resources (EOG), Anadarko Petroleum (APC) and Chesapeake Energy (CHK).
  • ETFs: XLE, ERX, VDE, OIH, ERY, FCG, DIG, DUG, GASL, IYE, GASX, PXJ, PXI, PSCE, FENY, RYE, FXN, DDG
Comments (11)
  • PeakOiler
    , contributor
    Comments (296) | Send Message
     
    Can you explain to me how chemical fracking is 'green and clean'?
    9 May, 12:16 PM Reply Like
  • zebra114
    , contributor
    Comments (251) | Send Message
     
    Wall Streeters are pretty stupid if they are betting on natural gas. Don't they read?
    9 May, 12:17 PM Reply Like
  • DmjoToMpfta
    , contributor
    Comments (8) | Send Message
     
    Why?
    9 May, 02:22 PM Reply Like
  • zebra114
    , contributor
    Comments (251) | Send Message
     
    New studies are coming out almost every day showing how the EPA has underestimated methane emissions.
    http://bloom.bg/1san7TH
    9 May, 12:19 PM Reply Like
  • esenbee3
    , contributor
    Comments (3) | Send Message
     
    Maybe methane from cows... and I don't believe these studies come out daily.
    9 May, 06:32 PM Reply Like
  • Cliff Hilton
    , contributor
    Comments (1666) | Send Message
     
    Global warming? Climate change? What a bunch of crock! I've never seen such ignorance, misinformation and lies. It's good for the natural gas industry.
    9 May, 12:22 PM Reply Like
  • hector6
    , contributor
    Comment (1) | Send Message
     
    Solar is the place to be.
    9 May, 12:57 PM Reply Like
  • pilot1ray
    , contributor
    Comment (1) | Send Message
     
    The same people that can't accurately predict tomorrow's weather are positively sure what's going to happen in a hundred years
    9 May, 01:50 PM Reply Like
  • coyote21
    , contributor
    Comments (18) | Send Message
     
    Global warming?

     

    hocus pocus...

     

    The glaciers have been melting for 10,000 years... they used to be as far south as the Bakken in North Dakota...

     

    this has occurred without the emissions of a single gasoline engine or coal fired electric turbine for about 9,900 years...

     

    these so called "scientists" are actually welfare recipients that have created an industry with Federal Grant funds that they "feed" off of like parasites.
    9 May, 01:51 PM Reply Like
  • harball
    , contributor
    Comments (259) | Send Message
     
    Anyone saying man-made co2 is not contributing to climate change should wake up. Gas is not the alternative for green electricity, combining wind, solar, biomass and nuclear are. Sweden is the best example.
    10 May, 02:57 AM Reply Like
  • Plant Lover
    , contributor
    Comment (1) | Send Message
     
    Climate change is factual. It is called Seasons, and can be measured and is repeatable. Theories abound in science that are not proven and some don't even have to be logical. Fact is animals give off carbon dioxide and plants give off oxygen and animals require oxygen and plants require carbon dioxide. In the history of the earth the temperature has varied greatly with or without man. Here where I live 10,000 years ago there was ice one mile thick. Today we are a good agriculture community. So we know, it is warmer here than it was 10,000 years ago. Why? Because you think our cows blow to much gas. Climate averages will change but you better learn about the earth magnetic shield, Sun Flares and learn what you can control and affect. When I graduated in the 70's they were positive we were going into an ice age and that by 2000 we would be out of food because of it. Need to study the subject but remember what is fact and what is theory and know what you are able to do.
    10 May, 01:29 PM Reply Like
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