Bloomberg has a good article from November 2020 about clean energy companies. I compared them in ICLNs portfolio (that is based on the S&P Global Clean Energy Index) and didn't find any of them.
https://www.bloomberg.com/graphics/2020-renewable-energy-supermajors/?srnd=green
It talks about companies like NextEra (NEE), Enel (ENEL) or Orsted (ORSTED) which have market capitalization of multi billion $. Why are those not in the index.
My guess is, that these companies still have other energy sources that are not renewable and therefore do not fulfill the C02 footprint requirements of the index, but I have no transparency about that. This lead to the questions though:
- How does S&P pick the stocks for the Global Clean Energy Index? I couldn't find details for that.
- Is it likely that if a company like NextEra, planning to replace their own traditional energy sources with solar and wind to be added to the index in the next couple years?
- Is there other ETFs that contain the "Supermajors" of green energy?
Submitted January 06, 2021 at 03:23AM by macab1988 https://ift.tt/2Xeu3Il
