Exxon Mobil as COP26 play? Here's why Morgan Stanley says some of the dirtiest companies will benefit from decarbonization.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Oil companies aren't the obvious decarbonization plays as the COP26 conference kicks off in Glasgow. Here's what Morgan Stanley highlights.

World leaders are gathering in Glasgow — or in the case of the top carbon-dioxide emitter, China, by video link — for the United Nations 26th Conference of Parties, or COP26, to discuss climate change. Potentially, they may reach more ambitious 2030 and 2050 targets.

In fairness, the Morgan Stanley list isn’t entirely fossil fuel companies. SolarEdge Technologies SEDG, +0.88%, Sunrun RUN, +2.96%, QuantumScape QS, +13.94% and Tesla TSLA, +3.43% also make the brokerage’s list of overweight-rated companies that can benefit from decarbonization. Companies facing headwinds include Continental Resources CLR, -0.29%, Nabors Industries NBR, -11.62%, Ford Motor Co. F, +1.30% and American Airlines AAL, +0.05%, according to Morgan Stanley.

The U.S. economics calendar includes the Institute for Supply Management’s manufacturing gauge for October, as well as construction spending for September.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What the hell you can’t be serious 😂

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines