The renewable energy transition is one that will disrupt existing modes of thinking.
Veganism is a diet and lifestyle that avoids the consumption of animal products, from honey to eggs and dairy. Some vegans abstain entirely from animal products while some still eat honey or materials made from insects, while still avoiding the poultry and dairy sectors.
One of the effects of a vegan diet is the “clean” diet. I would ask investors to consider a clean diet in their portfolios, which will involve abstaining from the dirty stocks that are polluting your mind, body and soul.
Similar to a vegan diet, in which participants analyse the parts of their diets that contain animal products – from eggs and fish to gelatine and related products – and work out how to remove them, a financial clean diet involves scrutinising the investments in your portfolio and seeing where disposals can be made of filthy, polluting coal and oil and gas stocks, as well as those that are hindering the clean energy transition.
Many of the advantages of a vegan diet involve not only the moral benefits of limiting the harm to our fellow earthlings, but in the health consequences of eatingĀ a diet rich in fruits and vegetables, and cutting down on the processed meat that is so strongly connected to cancers and heart disease.
In a similar vein, going on a financial clean diet has tremendous benefits to the participants. You get to analyse the ways in which your cash had been used to help prop up polluting and dirty industries, and can feel a sense of pride that your hard earned cash is being used to help solve the world’s pressing energy needs.
Hence it is time for investors to go clean, cut out the unnecessary crap being foisted upon you by dubious charlatans in the oil and gas and extractive industries, and invest in the technologies and industries that will change the world for the better.
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