On Tuesday, March 28, President Trump signed an executive order that rescinded Obama’s Clean Power Plan. The president lifted carbon emissions regulations in order to resume coal-mining operations.
“My administration is putting an end to the war on coal,” Trump asserted. “I am taking historic steps to lift the restrictions on American energy to reverse government intrusions and to cancel job killing regulations.”
Environmentalists saw this coming from a mile away. They tried to voice their concerns in the form of protests, but their collective cries fell on deaf ears. That’s because money appears to be the only language that the current administration understands. In other words, the time for talking about sustainability is over. It’s time to take action by investing in clean energy alternatives.
Some companies, such as private equity firm KKR, are already leading the way in this regard. KKR has invested an astounding $5 billion into ESG (environment, social, and governance) driven companies.
“Investors can play a central role in resolving some of the global challenges in a way that civil society or government organizations cannot do alone,” writes Ken Mehlman, Member and Global Head of Public Affairs at KKR. “Our portfolio company Afriflora is a good example. Located in Ethiopia, Afriflora cultivates and produces Fair Trade Certified, sustainably-grown roses.”
It’s like the old saying goes: money talks. And while the average citizen certainly can’t afford to shell out the kind of dough that KKR does, they can still make an impact by purchasing small shares of green companies.
So which companies should environmentalists invest in? According to Investopedia, the top four alternative energy stocks for 2017 are:
- NRG Yield Inc.
- MagneGas Corp.
- Atlantica Yield PLC
- Covanta Holding Corp.
If there’s anything that the current administration has taught us, it’s that climate change facts and statistics aren’t enough. Environmentalists will have to reach deep into their pockets if they want to influence the future of energy.