In his book The Green New Deal Jeremy Rifkin talks about how the global economy is rapidly moving away from the fossil fuel industry, and how renewables are becoming investment opportunities of the future.
Rifkin describes a looming tipping point in the transition away from fossil fuels towards renewables, and that this could happen quickly, resulting in billions of dollars of stranded fossil fuel assets.
Once investors realize that fossil fuel companies are at best short-term investments, they will move their money into renewables.
Are there fossil fuel assets in your investment portfolio? What do you think about this perspective on fossil fuel assets? Talk it over with your family and friends and consider making some changes.