Some climate-related exchange-traded funds rose Wednesday while the broader U.S. stock market mostly fell.
The Touchstone Climate Transition ETF
HEAT,
Meanwhile, the BlackRock Future Climate and Sustainable Economy ETF
BECO,
MarketWatch’s Rachel Koning Beals has reported that Canada’s record-breaking start to the fire season has prompted warnings that wildfires, which are made worse by the increased drought and extreme heat tied to climate change, aren’t limited to the west. Smoke from Canada’s wildfires has cast a haze in parts of the U.S., including New York City this week.
See: Air quality worsens in U.S. as Canada faces toughest wildfire season on record
“The New York State Department of Environmental Conservation has issued an Air Quality Health Advisory for all five boroughs,” New York City Mayor Eric Adams tweeted Wednesday.
Shares of clean-energy funds such as the Invesco Global Clean Energy ETF
PBD,
The broader U.S. stock market finished mostly down. The S&P 500
SPX,