How to buy green energy stocks
The stock market has soared more than 200% since late 2016 when President Donald Trump took office, but the growth has slowed since then.
The market is up over 3,500% since Trump took the oath of office, according to Bloomberg data.
So why the slowdown?
Some analysts point to Trump’s lack of support for the oil and gas industry.
The U.S. has the highest number of oil and natural gas wells in the world and has a robust domestic oil and coal industry.
But the U.N. climate change treaty, signed in Paris in December, has been a big stumbling block for the industry, which has struggled to meet the goal of limiting global warming to 2 degrees Celsius.
In the past year, oil prices have soared and gas prices have dropped, putting pressure on energy companies that rely on fracking.
In 2018, a new wave of U.K. shale oil production hit the U, triggering a rally in the oil market, according in the Bloomberg data, but that has since receded.
Meanwhile, Canada has been trying to turn the tide on its aging oil sands pipeline system.
The Trudeau government has promised to triple pipeline capacity and expand it to meet demand, but so far, there are only three projects under construction and only one pipeline carrying oil from Alberta, Canada.