I watched the US shale industry lose a half trillion dollars. Perhaps fossil fuels are not more profitable? And times do change. "Barclays is establishing an energy transition team inside its corporate and investment bank, as it looks to capitalize on the shift away from fossil fuels."

This $20 Trillion Climate Theme Is Trouncing Other Strategies

While investments in wind and solar mostly resulted in losses in 2023, fund managers who piled into this sector enjoyed double-digit returns.