Fossil Fuel Stocks Tumble, Renewable Energy Stocks Soar

From Common Dreams contributor, Lauren McCauley on December 16, 2015; an almost immediate reaction on the Stock Market the day after the climate agreement:

Fossil fuel stocks tumbled while renewable energy soared on Monday, the first day of trading after global leaders cemented their landmark climate pact in Paris.

Under the agreement, countries have pledged to rapidly reduce greenhouse gas emissions in an effort to keep global warming beneath 1.5 degrees Celsius. And it is clear the fossil fuel industry is feeling the heat…

…“Pace is now the key word for climate,” said 350.org co-founder Bill McKibben after the agreement was finalized. “Not where we’re going, but how fast we’re going there. Pace—velocity, speed, rate, momentum, tempo. That’s what matters from here on in.”

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Caption: The first day of trading after global leaders cemented their landmark climate pact in Paris, it is clear the fossil fuel industry is feeling the heat. Photo credit: Pieter Morlion / Flickr

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