FUEL – BetaShares Global Energy Companies ETF – Currency Hedged
Notice how lots of listed companies are changing their name from Xxxx Mining / Oil / Gas to Xxxx Energy ?
The transition to renewables/ decarbonisation is pulling in the money but it is the conventional sources of energy doing the global economy’s grunt work, still.
Unlike the China-sparked super-cycle of the late-2000s, the latest price spike has not resulted in any serious increase in investment, which commentators think would keep energy prices higher in the years ahead.
RBA governor Philip Lowe this week (at CEDA’s annual dinner in Melbourne) … indicated the significant investment in renewable energy around the world was not being met by investment in existing energy sources that were “depreciating quickly”.
