Religion and Ethics Forum

General Category => Politics & Current Affairs => Topic started by: Nearly Sane on September 03, 2016, 11:57:59 AM

Title: US and China ratify Paris treaty
Post by: Nearly Sane on September 03, 2016, 11:57:59 AM

Be interested to see what happens to oil company stocks when markets open.


http://www.bbc.co.uk/news/world-asia-china-37265541

Title: Re: US and China ratify Paris treaty
Post by: floo on September 03, 2016, 01:45:07 PM

Actions speak louder than ratification of treaties!

Title: Re: US and China ratify Paris treaty
Post by: Nearly Sane on September 03, 2016, 01:49:26 PM

Quote from: Floo on September 03, 2016, 01:45:07 PM

Actions speak louder than ratification of treaties!

Which is why what happens to oil company stocks will be interesting. If the markets believe this is meant seriously then the assets in the form of oil and gas reserves will drop in value, as the commitment in the Treaty is to keep 80% of it underground

Title: Re: US and China ratify Paris treaty
Post by: Nearly Sane on September 05, 2016, 12:32:12 PM

Oil company stocks up a bit this morning. Looks like market takes ratification with the proverbial pinch