Investors Balk at Plan to Buy Coal Mines and Close Them - WSJ
Citigroup Inc. and its partners abandoned the creation of a fund that aimed to shorten the life of coal mines after the group struggled to convince investors of the plan’s green-energy merits
Apparently the Market doesn’t like to put money into stupid ideas.
And that’s saying something in a year where GameStop is up 802%, AMC is up 1,349%, and Dogecoin is up 2,980%.
For the record, S&P 500 is +25% for the year, and Citigroup is -0.6%.