The cost of ethical investing seems to be lower returns in the long run. While companies with high environmental, social, and governance (ESG) scores have relatively high returns today, the increased demand in these stocks is said to yield lower returns once a new equilibrium has been established. Because they trade at a higher price-to-earnings ratio, ESG stocks will have a lower cost of capital, which results in a lower expected return for shareholders — a small price to pay to express their values to the public. Read full article here
Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here
Merv
January 27, 2023
