This money manager is betting on a slow energy transition. Here are some stocks he likes on the way

📆 5/31/2024 8:45 AM
📰 globeandmail

⏱ Reading Time:
24 sec. here
6 min. at publisher
📊 Quality Score:
News: 27%
Publisher: 92%

Adveditorial News

Globe Advisor,Appwebview,Brenda Bouw

‘The world can’t go from where we’ve been to zero carbon by 2050. It isn’t going to happen – and there are ways to play that,’ says Lyle Stein of Forvest Global Wealth Management (Canada)

. Get exclusive investment industry news and insights, the week’s top headlines, and what you and your clients need to know. For more from Globe Advisor, visit our

Still, money manager Lyle Stein cautions investors against getting too excited about the future, anticipating slow growth ahead. “The world can’t go from where we’ve been to zero carbon by 2050. It isn’t going to happen – and there are ways to play that,” he says. Mr. Stein also likes gold stocks as protection against rising inflation and currency erosion, and copper stocks for the metal’s critical role in the ongoing electrification and digitization of the economy.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ExxonMobil will 'still be producing oil and gas' in 2050: CEOExxonMobil will still be producing oil and gas in 2050, the energy company's CEO told Yahoo Finance, but fossil fuels will likely be a smaller part of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Grid Investment Must Outpace Renewables for Net Zero, BNEF SaysGlobal investment in power grids will need to outpace spending on renewable energy in order to achieve net-zero emissions by 2050, according to BloombergNEF’s New Energy Outlook published Tuesday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »