"A landmark deal to curb global warming dented shares of fossil fuel companies and lifted renewable energy stocks on Monday, although some price swings were muted by the non-binding nature of the pact.
The deal forged at the Paris climate summit is widely seen as the most important climate agreement since the 1997 Kyoto Protocol. It commits rich and poor nations to rein in rising carbon levels and seeks to eliminate net greenhouse gas emissions from human activity this century.
Renewable energy companies are expected to see big upticks in investments to develop new technologies in coming years, while coal and oil companies may see tougher regulations."
Sudip Kar-Gupta, Annabella Nielsen, and Swetha Gopinath report for Reuters December 14, 2015.
"Paris Climate Pact Sinks Coal Stocks, Lifts Renewable Energy"
Source: Reuters, 12/15/2015