|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||8.9201 - 8.9900|
|52 Week Range||7.7300 - 9.3800|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.48%|
Fred Fromm, CFA Vice President, Research Analyst Franklin Equity Group® Global oil prices rose to two-year highs in early November of this year after booking monthly gains in September and October. Oil prices have benefited from strong demand growth ...
Norway already has the happiest population, the best wood (and the craziest death metal), and given the country's commitment to social justice and environmental causes, it should come as no surprise that more than a third of the nation's car sales are of electric vehicles (EVs). Jefferies' Laban Yu and Patrick Yuan think perhaps not. On one level, Yu and Yuan write that divesting from fossil fuel stocks, a plan which the central bank says is "based exclusively on financial arguments and analyses of the government's total oil and gas exposure" and the sector's sustainability, makes sense, given that Norway should diversify from relying on oil and gas profits.
The market's hyper focus on bitcoin is causing investors to miss what may be a much better long-term bet on global transformation: renewable energy.
When it comes to our cars, batteries will replace internal combustion engines and computers will replace drivers--it's not a question of if, but when, writes Credit Suisse's Daniel Schwarz and Sascha Gommel. The timing of the shift is uncertain, but it's been a major reason that investors have been wary of original equipment manufacturers (OEMs) in the auto industry, as the shift to electric, autonomous cars may change the way that cars are produced, owned, and maintained.
The Energy Information Administration (EIA) recently released its latest International Energy Outlook for 2017, and Barclays' Lydia Rainforth and her team write that a major takeaway is that global energy demand will continue to grow. More detail from her note: Although renewable and nuclear is expected to grow the fastest over the period, fossil fuels remain dominant, making up 77% of total energy consumption by 2040. Natural gas is the fastest growing fossil fuel with its share of energy demand set to increase to 27% by 2040 from 22% in 2015.
China is setting a deadline for automakers to end the production and sale of fossil-fuel powered vehicles, a move that Credit Suisse’s James Wicklund writes has the potential to “ have a profound impact on long-term oil demand.” He writes that this ban will encourage Chinese automakers to increasingly focus on electric vehicles (EVs), and it doesn’t come as much of a surprise as the nation already voted to cap its carbon emissions by 2030. According to reports, global automakers like Tesla (TSLA) and General Motors (GM) are eager to take share in the booming Chinese EV market, but it’s actually the local manufacturers that have seen the most success—in large part because of generous subsidies they receive.
Oppenheimer's Colin Rusch and his team attended the Battery Show in Michigan this week, which comes at a tumultuous time in the industry, as China may potentially phase out internal combustion engine (ICE) ...
The already-tumultuous global political landscape took a turn for the worse on Thursday, as President Donald Trump officially announced his intentions to withdraw the United States from the historic Paris climate accord. But do investors care at all?
Extreme climate change events hamper productivity, thus affecting industries such as agriculture, fishing, energy, trade, transportation, and tourism.