While oil soars, supply chain woes are killing clean energy stocks

While oil soars, supply chain woes are killing clean energy stocks

The ongoing boom in prices for many commodities is a win for fossil fuel companies, and a big setback for renewables. Over the last few months, oil and gas companies have seen their share prices buoyed by high oil prices and the steps many companies are taking to appease frustrated shareholders. Meanwhile, renewable energy companies are being dragged down by rising costs for raw materials and prolonged delays in international shipping.