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China: Fossil fuel companies under fire as Shanghai pollution soars

2013-12-10 01:06:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Record high levels of air pollution in Shanghai late last week has been credited for forcing down share prices for coal companies at the same time as valuations for companies specialising in environmental protection. According to Bloomberg, China's biggest coal producer, Shenhua Energy, saw its share price drop last week, after one influential analyst predicted Shanghai's off-the-scale air pollution would deter fossil fuel investment. Yesterday, the company's share price continued its downward...

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Category:Electronics and Electrical

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