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"Fossil-Fuel Shares Lead the Stock Market. How Awkward."

"If you want to make money in the market but also be a responsible citizen in a warming world, you’re in a tough spot. But there are some promising options, our columnist says."

"It is no secret that the stock market has been rocky since the start of the year. Tech giants like Apple, Microsoft, Google and Amazon have been no help at all. Their shares have all had double-digit percentage declines.

So far in 2022, the S&P 500 is down more than 13 percent, and it briefly dipped more than 20 percent below its peak, putting stocks in bear market territory. Dismal as the stock market may be, the situation looks even worse if you are worried about the future of the planet. The fact is that only one broad stock sector has provided consistent returns over the last year: old-fashioned fossil fuel, and the companies that extract, refine, sell and service it.

In fact, when I looked at a performance table of the top companies in the S&P 500 for 2022, I found that 19 of the top 20 spots belonged to companies connected, in one way or another, with fossil fuel. The best performer was Occidental Petroleum, with a gain of 142 percent."

Jeff Sommer reports for the New York Times June 3, 2022.

Source: NYTimes, 06/06/2022