On Jan. 18, ExxonMobil (NYSE: XOM) announced its goal for net-zero greenhouse gas emissions by 2050, making it the last of the oil majors to set this goal. In short, renewables remain a growth industry that is vulnerable to a weakening economy, high inflation, and rising interest rates. On top of that, many solar and wind energy stocks rocketed higher too far, too fast in 2020, which left them a lot of room to fall in 2021 and 2022 given the headwinds discussed and valuation concerns.