Newday Impact Investing CEO Doug Heske talks with Earth911’s Mitch Ratcliffe about how to invest to reduce greenhouse gas emissions based on the outcome of the United Nations’ COP26 meeting in Glasgow, Scotland. A consortium of banks controlling more than $130 trillion in assets announced the Glasgow Financial Alliance for Net-Zero to direct investments into renewable energy instead of fossil fuels extraction. Will the announcement drive higher valuations of GHG companies?
We discuss eight companies with negative carbon footprints, including AC Energy Corp, which is headquartered in the Philippines, New Zealand’s Mercury NZ, the Canadian energy company TransAlta Corp, Renova, a Japanese renewables company, the Danish wind turbine maker Vestas Wind Systems, China’s Li Auto, and two American companies, NEXTera Energy and Tesla, where Elon Musk has been on a stock selling spree this week. This is the third in our continuing series about investing for environmental and social progress with Doug Heske. Newday Impact manages a suite of socially and environmentally responsible portfolios.