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House It! The rise of green stocks is evident in Vulcan Energy founder Francis Wedin’s purchase of Claremont

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If anyone needs proof of the growth of green stocks, look no further Riley Road, Claremont.

It’s where a home recently sold for $5.65 million to market favorite Vulcan Energy founder Francis Wedin.

In mid-2018, Vulcan Energy Resources was trading at 22 cents a share, while Wedin and wife Kathy lived in a modest home in Palmyra.

Camera iconKathy and Frances Wedin. credit: is delivered

Fast-forward four years, and the stock is trading at $7.34 — albeit down from a high of $15.90.

The couple’s previous home, which they bought in Nedlands in 2020, has been put on the market.

Led by Gina Rinehart, Green Lithium Hope aims to become the world’s first net zero greenhouse gas lithium producer.

Wedin told House that!  the couple planned to make the Claremont residence more environmentally friendly.
Camera iconWedin told House that! the couple planned to make the Claremont residence more environmentally friendly. credit: is delivered

Wedin told House that! the couple planned to make the Claremont residence more environmentally friendly.

“In every house we live in, we’re going solar and off the gas,” he said.

“The first taxi (on Riley Rd) is to go fully electric and then put in a battery as well,” he said.

The six-bedroom, four-bathroom home sits on 1,012 square meters of land and was sold by Susan James of Duet Property Group.

House It! A column about WA’s most interesting houses and their owners

https://thewest.com.au/lifestyle/house-that/house-that-rise-of-green-stocks-evident-in-vulcan-energy-founder-francis-wedins-claremont-buy-c-8673808

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