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Money Rehab with Nicole Lapin

"Should I Stop Investing In Oil Even Though It Makes Me Money?" Listener Question

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.41.4K Ratings

🗓️ 11 July 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Nicole answers an email from a listener who wants to know: will renewable energy companies ever outperform oil? Nicole's advice goes beyond market trends, and gets at the heart at the responsibility we have to both our financial future— and the future of the planet. Find Barron's list of top ESG companies here: https://www.barrons.com/articles/most-sustainable-esg-us-companies-1b5f70fd

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:07.0

It's time for some money rehab.

0:15.7

If you're listening to this show, you love money.

0:18.6

And if so, you're in good company because I love money too.

0:21.5

And also you probably want more money because who doesn't?

0:25.6

But there's a limit, right?

0:27.3

Money isn't priceless and you probably wouldn't compromise your morals for a payday.

0:32.1

But where exactly is that line?

0:34.9

A money rehabber sent us an email mulling over this very question.

0:38.8

They wanted to stay anonymous, so here's our producer reading their question.

0:42.3

What are your thoughts on renewable, slash clean energy?

0:46.9

Specifically as it pertains to the future of EVs and fossil fuels.

0:50.7

There has been a lot of hype around this topic lately, but reality does not seem to quite

0:54.7

line up in my opinion.

0:56.9

As an investor in fossil fuel companies, specifically the shale industry, I'm interested in your

1:01.8

take on the future of oil.

1:03.8

Can there be a happy medium here, both in the short and long term?

1:07.8

Or is this an all or nothing proposition?

1:10.4

And how would a new administration potentially change the overall outlook?

1:15.2

I love this question so much because it is a complicated one and it's a common one.

1:20.1

The fossil fuel industry has seen good returns over the last five years, despite the disruption

1:24.7

caused by travel bands during COVID lockdowns.

...

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