Morning Report Friday 5 December 2014
World governments are adopting stricter climate change policies with gaining momentum, which I believe will leave any assets with fringe profitability well and truly in the ground for decades to come. Scientists have said that we should hold temperature increases to 2 degrees celsius for the sake of our planet. This simply MUST start to increase the limits of Carbon Dioxide pollution. A global push to save the planet was typified with representatives from 190 countries, recently meeting in Lima to discuss climate rules. Do not underestimate the world, as a whole is now looking at our atmosphere - it’s not just the “greenies”. Even after the Fukushima disaster in Japan, the country is now planning to restart nuclear reactors next year in an effort to reduce carbon dioxide emissions. Recently, resource stocks have been hammered with collapsing oil and Iron ore prices, but the environment theme I believe, may be lurking in the background to land a knockout blow to the already battered share prices.
Show more...
