2 Alternative Fuel Stocks to Buy for a Cleaner Future
The alternative fuel sector is gaining traction worldwide, driven by government initiatives to address climate concerns. For instance, the Biden administration is working to revamp the U.S.’ environmental policies. Given the growing alternative fuel market, we think Methanex Corporation (NASDAQ:MEOH) and REX American Resources (NASDAQ:AREC) (REX) could be profitable investments now. Read on.Governments worldwide are lending growing importance to green energy initiatives due to climate concerns. As a result, the alternative fuel sector has been gaining traction. The Biden administration’s ‘Build Back Better’ plan has at least $500 billion earmarked to tackle the climate crisis. The President is also taking active steps to restore the National Environment Policy Act, which calls for federal evaluation of the environmental impacts of infrastructure projects.
The International Energy Agency (EIA) has urged governments to promote the consumption of alternative fuels in long-distance transport, such as in aviation and shipping, ahead of the international climate summit. Analysts expect alternative fuel sales to have a 25% market share by 2030.
As the drive toward a cleaner future gains steam, we think investing in alternative fuel stocks Methanex Corporation (MEOH) and REX American Resources Corporation (REX) could be rewarding.
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