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Corporate Social Responsibility
News
2.28.2006 ET
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CSR News from:
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Wells Fargo & Company
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News Category:
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Wells Fargo Issues Report on Alternative Energy Opportunities for Individual Investors
(CSRwire) SAN FRANCISCO − Wells Fargo has issued a special report -
"Identifying the Opportunities in Alternative Energy" - exploring
commercially viable and emerging investment options in non-fossil fuel
electricity generation and transportation energy sources.
It's part of a series of annual reports by Wells Fargo Private Client
Services for individual investors and anyone interested in alternative
energy. "With the high prices of fossil fuels, investors are increasingly
interested in alternative energy sources," said Lloyd Kurtz, senior
investment manager at Nelson Capital Management, an investment advisory
affiliate of Wells Fargo. "Those sources are growing rapidly and can be
attractive long-term investments, but the appropriate role in client
portfolios will also depend on their risk tolerance and overall asset mix.
Our goal is to help investors achieve optimum results based on their
individual investment priorities."
The report covers both electricity generation and transportation, provides
an outlook for each of the six major alternative energy sources (nuclear,
hydro, wind, solar, hydrogen and biomass) and summarizes the advantages
and disadvantages of each option.
"More and more investors are concerned about the types of projects and
companies their investments are funding," added Kurtz. "By providing an
overview of the pros and cons we're helping our clients understand the
issues and opportunities so that they can make thoughtful investment
decisions suited to their priorities."
The report examines three tiers of investment options:
large established conglomerates in growth markets such as nuclear and
wind energy,
smaller publicly-listed companies developing energy technologies such
as biomass and fuel cells, and
privately held companies developing experimental technologies such as
nanotechnology-based solar panels.
A full text version of the report is downloadable from https://www.wellsfargo.com/downloads/pdf/about/csr/alt_energy.pdf.
Wells Fargo is committed to being environmentally responsible in every
community in which it does business. The Company integrates environmental
responsibility into its business practices and procedures, and has pledged
to make $1 billion in lending and other financial commitments by 2010 in
environmentally beneficial business opportunities.
Wells Fargo Private Client Services provides financial products and
services through various banking and brokerage affiliates of Wells Fargo &
Company, including Wells Fargo Investments, LLC (member SIPC). The
information and opinions in this report were prepared by Private Asset
Management (PAM), the investment management organization within Private
Client Services. PAM is a division of Wells Fargo Bank, N.A.. Information
and opinions have been obtained or derived from information we consider
reliable, but we cannot guarantee their accuracy or completeness. Opinions
in the report from Wells Fargo Bank are as of the date of this report and
are for general information purposes only. Wells Fargo Bank does not
advise of any change in its opinions or the information in this report.
Wells Fargo & Company businesses may issue reports or have opinions that
are inconsistent with, and reach different conclusions from, this report.
Past performance does not indicate future results. The value or income
associated with a security may fluctuate. There is always the potential
for loss as well as gain. The investments discussed in this presentation
are not insured by the Federal Deposit Insurance Corporation and may be
unsuitable for some investors depending on their specific investment
objectives and financial position. This presentation is not an offer to
buy or sell, or a solicitation of an offer to buy or sell any securities
mentioned. Investments discussed or recommended in this presentation may
be unsuitable for some investors depending on their specific investment
objectives and financial position. More information on any security
mentioned is available on request. Asset allocation does not assure or
guarantee better performance and cannot eliminate the risk of investment
losses.
Wells Fargo & Company and/or its businesses cannot provide tax or legal
advice. Please consult appropriate tax or legal advisors to determine how
this information may apply to your own situation.
Investing in foreign securities has certain risks that may not be present
in domestic securities. For example, investments in foreign and emerging
markets present special risks including currency fluctuation, the
potential for diplomatic and political instability, regulatory and
liquidity risks, foreign taxation and differences in auditing and other
financial standards.
Wells Fargo & Company is a diversified financial services company with
$482 billion in assets, providing banking, insurance, investments,
mortgage and consumer finance to more than 23 million customers from more
than 6,200 stores and the internet (wellsfargo.com) across North America
and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in
the United States to receive the highest possible credit rating, "Aaa,"
from Moody's Investors Service.
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