Roger has energy for these oil and coal stocks
Roger joined Ausbiz to discuss the Dutch court ordering one of the top oil producers in the world, Royal Dutch Shell to implement carbon dioxide emissions cuts. Shell had intended to reduce their oil footprint by about 45 per cent by 2050, but the Dutch court ruled they will need to speed things up and do it by 2030. How much of an impact does this have on companies in the fossil fuel space? Watch here.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
john stanning
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Hi Roger – todays Coal companies have the same taint as the Tobacco companies in the ’90s and yet they continue to deliver big dividends due to third world consumption. The Chinese are very willing to provide funds for coal projects even if our banks won’t!