3 Future-Proof Energy Stocks to Buy and Hold Forever
Climate change concerns are driving a massive transition away from carbon-emitting fossil fuels to lower-carbon alternatives. While this energy transition will take decades to complete, many companies aren't waiting around. They're starting their transition now, so they don't fall behind.
TotalEnergies (NYSE: TTE), NextEra Energy (NYSE: NEE), and Enbridge (NYSE: ENB) stand out to a few Fool.com contributors for the steps they're taking to future-proof their businesses. Here's why they believe that makes them stand out as great energy stocks to buy and hold for years to come.
Reuben Gregg Brewer (TotalEnergies): The world continues to need carbon-based fuels. In fact, under the most realistic scenarios of the future, oil and natural gas will remain important sources of energy for decades to come. French integrated energy giant TotalEnergies is built to serve those needs, with a globally diversified business that spans the entire oil and natural gas value chain from the upstream (drilling) through the midstream (pipelines) and into the downstream (refining and chemicals).
Source Fool.com
