2 Great Green Funds

Clean technology will gradually replace fossil fuels. Here’s how to profit from that long-term trend.

Hundreds of years ago, coal was considered an alternative energy. As the price of firewood in Europe, especially in England, soared in the 1600s, improvements in coal-mining technology helped bring down the cost of producing the black rock and made it cheaper to burn than wood.

The same thing happened with oil. Whale oil was the main source of lighting in the U.S. until the late 1800s. But New England’s whaling fleet depleted the herds, propelling whale-oil prices skyward. In 1858, Edwin Drake discovered oil in Pennsylvania. By 1900, whale-oil lamps were collector’s items.

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Steven Goldberg
Contributing Columnist, Kiplinger.com
Steve has been writing for Kiplinger's for more than 25 years. As an associate editor and then senior associate editor, he covered mutual funds for Kiplinger's Personal Finance magazine from 1994-2006. He also authored a book, But Which Mutual Funds? In 2006 he joined with Jerry Tweddell, one of his best sources on investing, to form Tweddell Goldberg Investment Management to manage money for individual investors. Steve continues to write a regular column for Kiplinger.com and enjoys hearing investing questions from readers. You can contact Steve at 301.650.6567 or sgoldberg@kiplinger.com.