Tim Nash’s sustainable stock showdown pulls plug on GE
Posted June 24, 2019
With a growing number of investors turning out the lights on General Electric, does Schneider Electric have brighter ideas?
It’s been a rough ride for the General Electric Company. Once considered one of the largest and most stable companies in the world, the American conglomerate has now fallen from grace losing almost two-thirds of its value since 2016, thanks in large part to a bet on fossil fuels gone wrong. Investors are understandably frustrated by GE’s poor performance and are likely looking for an alternative. Enter this week’s Sustainable Stock Showdown.
The General Electric Company (GE:NYSE) was founded in 1892 by American icons including Thomas Edison and J. P. Morgan in upstate New York. It was initially famous for producing light bulbs and rapidly expanded into home appliances, aviation and power generation. The company’s market value peaked just shy of $600 billion in 2000 but has steadily declined to less than $100 billion today.Continue Reading...
Green investments top $10 trillion worldwide
Posted June 11, 2019
Our latest report details over $10 trillion in investments in everything from high-tech buildings to salt water-loving foods
So often when you read policy about the transition to a low-carbon economy like the Green New Deal, it’s presented as some ideal future state. Although we still have a long way to go, a new report I co-authored reveals the green economy is already here and now, to the tune of $10 trillion over the last decade.
Since 2009, I’ve worked with Ethical Markets Media to publish the annual Green Transition Scoreboard. Our latest report details more than $10 trillion of private investments in renewable energy, energy efficiency, green construction, corporate green R&D and life systems over the last ten years.Continue Reading...
Tim Nash’s sustainable stock showdown: Kimberly-Clark vs. Cascades
Posted June 3, 2019
If you don't want to blow your nose (or your investments) on the Boreal forest, what are your options?
They say there are only two sure things in life: death and taxes. But if there’s another thing we all share in common, it’s our reliance on, well, disposable paper products. This week we look at two companies in this sector: Kimberly-Clark (KMB.NYSE) and Cascades (CAS.TO).
Kimberly-Clark is an American consumer products company that makes personal care products like diapers, tissues, and yes, toilet paper. Some of its brands include Huggies, Kleenex, Kotex and Cottonelle. I was quite skeptical of Kimberly-Clark going into my research. The forestry sector, in general, has a chequered past with impacts on biodiversity loss, climate change, and indigenous rights. As far back as 2005, Greenpeace vocally accused Kleenex of blowing our noses on the Boreal forest.Continue Reading...
Tim Nash’s sustainable stock showdown on ditching Exxon for greener oil
Posted May 28, 2019
As Exxon shareholders turning up heat over climate risks, one oil company is proving itself as renewables powerhouse
As a sustainable investment advisor, I’ve had the uncomfortable job of sitting with climate activist clients as we open up their portfolio to find Exxon shares front and centre. Exxon Mobil Corporation (XOM) is one of the biggest companies in the world and so it tends to have a prominent place in the top ten holdings of most standard funds. It’s a bitter pill to swallow for the climate conscious, since Exxon has one of the largest carbon footprints on the planet.
Environmental advocates have had good reason to scorn Exxon at least as far back as 1989, when the Exxon Valdez spilled roughly 11 million gallons of oil into Alaska’s Prince William Sound. More recently, a 2015 investigative report from Inside Climate News revealed that Exxon scientists knew about the climate impacts of fossil fuel use back in the 1980s and undertook a massive lobbying and advertising campaign to sow seeds of doubt and uncertainty around the science of climate change.Continue Reading...
Tim Nash’s sustainable stock showdown takes on Warren Buffett’s Berkshire Hathaway
Posted May 21, 2019
Investing legend's tepid approach to climate risks may leave you high and dry. So which insurance company wins our showdown?
Berkshire Hathaway is the fifth largest publicly traded company on the planet. But while many Canadians have never heard of the conglomerate, there’s a good chance you know the name of its chair and CEO, Warren Buffett. Buffett is certainly an investing legend. Some would consider him an investing god. Every year, thousands of people flock to Omaha, Nebraska for the Berkshire Hathaway annual shareholders meeting, as they did earlier this month. So, is the Oracle of Omaha betting on a sustainable future?Continue Reading...
Tim Nash’s sustainable stock showdown: Uber vs. Lyft
Posted May 13, 2019
With driver strikes and bumpy IPOs, is one app more ethical than another and is either stock a sustainable investment?
Not owning a car is one of the best financial decisions I’ve ever made. Car payments, insurance, parking, repairs, etc. would add about a thousand dollars to my monthly budget. I’m fortunate to live in a big city, so it’s way easier for me to bike, take transit, and use ride-hailing apps like Uber and Lyft to get around town (especially in nasty weather). But not everyone sees ride-hailing in a rosy light. Ahead of Uber and Lyft’s IPO launches, drivers in the U.S. and the U.K. have been holding strikes to draw attention to their declining wages. Is one app more ethical than another and is either stock a sustainable investment?Continue Reading...
Tim Nash’s sustainable stock showdown: Johnson & Johnson vs. Unilever
Posted April 29, 2019
With thousands of J&J cancer lawsuits pending, you might want to freshen up your portfolio with a cleaner company
For decades, when people thought of Johnson & Johnson, benign images of baby shampoo and baby powder came to mind. Now, the century-old brand is soiled with lawsuits.
Last month, a California jury awarded a $29 million settlement to a woman who charged that her ovarian cancer was caused by the frequent use of J&J baby powder in the 1960s and ‘70s. Back in December, the company lost its bid to reverse a jury verdict that awarded a whopping US$4.69 billion to 22 women for similar reasons.Continue Reading...
Tim Nash’s sustainable stock showdown: Mondelez (Cadbury) vs. Lindt
Posted April 22, 2019
This Earth Day/Easter Monday, we're unwrapping the planetary impacts of chocolate stocks
Besides tree planting and contemplating how our governments aren’t doing enough to tackle climate change, Earth Day is the perfect time to consider how your investments are affecting the planet. And my Easter chocolate hangover seems like a solid opportunity to take a bite out of a couple of the biggest chocolate stocks.
I don’t think there’s a more iconic Easter treat than Cadbury Creme and Mini Eggs. Just seeing the packaging gives me a sugar high. Cadbury is a British confectioner that was bought by American food conglomerate Mondelez International (MDLZ) in 2010.Continue Reading...
Tim Nash’s sustainable stock showdown: Canopy vs The Green Organic Dutchman
Posted April 15, 2019
In honour of the first legal 4/20 celebration in Canada, we're exploring which pot stocks will create the cleanest hit
We all know that investors shouldn’t buy high, but where does that leave investors in cannabis? In honour of the first legal 4/20 celebration in Canada, we’re exploring which pot stocks will create the cleanest hit for sustainable investors.
Before we get started, I need to communicate that cannabis stocks are much riskier investments than the typical big companies we look at in this column. A high Beta suggests heavy volatility, so only invest if you’re ready to put on a safety belt and go along for an intense ride.Continue Reading...
Tim Nash’s sustainable stock showdown on weeding out Monsanto
Posted April 8, 2019
With Monsanto's recent cancer trials giving Bayer shareholders a headache, we've got a prescription for a healthier portfolio
Few companies in the world draw as much ire from environmentalists as Monsanto. But few people know that it was acquired by German aspirin-maker (and chemical giant) Bayer last year. Bayer quietly dropped the brand name, so I’ve seen many clients who own shares of Bayer not knowing that they also own Monsanto. (Many didn’t realize that Bayer was a major chemical pesticide manufacturer and genetically-modified seed maker well before it bought Monsanto). Although Bayer dropped the contentious Monsanto name, it retained Monsanto’s lawsuits – including an $80 million court case it lost on March 27.Continue Reading...