That rubber is finally meeting the road.
“Democrats in the U.S. House of Representatives introduced an updated version of a broad climate action bill that would put the U.S. on a path to 100% clean electricity generation by 2035, mirroring President Joe Biden’s timeline for achieving an emissions-free power sector,” reports
S&P Global Market Intelligence. “The nearly 1,000-page bill also includes provisions that would promote transmission development, require public utilities to place their transmission facilities under the control of a regional grid operator within two years, and compel public companies to disclose information about their exposure to climate-related risks.”
Master limited partnerships (MLPs) are rebounding, providing a spark for the
ALPS Alerian MLP ETF (NYSEArca: AMLP)in the process. With coronavirus cases declining and vaccination rates increasing, the energy sector could retain its recent bullishness.
That ebullience was on display last week, and recent inventories data supports the notion that the economy is rebounding.
From the end of January through February 19, total US petroleum inventories (crude and refined products) have fallen approximately 40 million barrels, or by 3.0%. Crude oil contracts through year-end 2021 are trading above consensus as vaccine optimism and a potentially faster return to a normal global economy led to a quick 17% gain in February.
The
ALPS Clean Energy ETF (ACES) is a broad play on renewable energy, but one of its cornerstone exposures is the sizzling solar sector.
ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean energy sector. Constituents are companies focused on renewables and other clean technologies that enable the evolution of a more sustainable energy sector.
Enhancing the ACES solar proposition is global adoption of this renewable energy source, which is being led by Australia. That country has optimal weather for solar and tariffs encouraging a move to clean energy.
Global dividend payments could rebound by as much as 5% this year, a new report estimated on Monday, after the coronavirus caused the biggest slump in payouts since