2022 New Rules For New YearAs an investor its important to keep up to date on whats happening today and most importantly, whats happenning tomorrow and beyond. Did you know that in 2022 new rules are coming into effect, a big one is ....what for it...drum roll please.....here ya go...... End to fossil fuel financing
“It's a big deal,” said federal Natural Resources Minister Jonathan Wilkinson from Glasgow, Scotland, the site of a United Nations-sponsored meeting on climate change.
The federal government announced at COP26 this year that it would stop new direct public finance for coal, oil and gas development by the end of 2022 and shift that investment to renewable energy projects.
Wilkinson said the new agreement will affect about $1 billion in financing from the agency, roughly what was committed to such projects last year. That money could now be used for renewable energy projects.
The United States, United Kingdom and 21 other nations also joined the pledge.
Gee, anyone know of a renewable energy company that could benefit from this???
Something to think about folks, ignore the noise and look at the facts.