Soaring oil and gas prices in the wake of Russia’s invasion of Ukraine have put a spotlight on U.S. energy security and investments in cheap, abundant, and independently produced power.
Initially, the. basic response was to pump more oil, though diversifying energy sources with renewables has also become an increasingly compelling option over time.
“We don’t want to be as dependent long-term on other parts of the world for our fuel, nor does Europe,” Portia Capital Management Owner Michelle Connell, CFA, said on Yahoo Finance Live (video above). “And so, that green movement is going to be enhanced over time.”
Connell added that volatility in oil prices would increasingly lead investors to look more closely at funds oriented toward environmental, social, and governance (ESG) values, especially those that have been linked to the green energy transition.
