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The Climate Short: Hedge Funds Pile Up Huge Bets Against Green Future (www.bloomberg.com)
submitted 3 weeks ago by silence7@slrpnk.net to c/climate@slrpnk.net
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The $5 trillion industry's move against clean energy and green technology may prove more damaging than political pushback over "woke" capitalism.

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[-] MrMakabar@slrpnk.net 5 points 3 weeks ago

So basically they are betting that Trump wins the election and hurts the energy transition, war in the Middle East hits the oil supply, which increases oil prices, EV factory production being too high, due to overinvestment and well solar being a problem in trade wars.

Trump might be solved in a month, the Middle East situation is temporary and a war would accelerate the energy transition as well helping EV manufcaturers thanks to high oil prices or well oil prices fall, which hurts the oil industries profit margin, but is great for the climate. Solar being mostly Chinese is a real problem though.

this post was submitted on 21 Oct 2024
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Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.

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