Hedge Funds Bet Against Clean Energy
Hooray! Capitalism has decided to kill off the humans:
Despite vast green stimulus packages in the US, Europe and China, more hedge funds are on average net short batteries, solar, electric vehicles and hydrogen than are long those sectors; and more funds are net long fossil fuels than are shorting oil, gas and coal, according to a Bloomberg News analysis of positions voluntarily disclosed by roughly 500 hedge funds to Hazeltree, a data compiler in the alternative investment industry.
(tags: hedge-funds capitalism short-selling clean-energy green future climate-change)