Now that the U.S. housing market has cooled off, American investors are looking to the Chinese coal industry. Another risky proposition, but for different reasons.
As China's appetite for coal is booming, American investors and businesses are cashing in.
American pension and mutual fund money is being invested in the Chinese coal industry ...
"In general, they're doing a very smart thing," said Mike Tian, an analyst with independent investment research company Morningstar. "That's where the money is."
Copenhagen, U.S.A. December 7
Comments
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naught101 Posted 10:13 am
12 Nov 2007
The only thing I can see coming from this is that Wall Street and Co. will start to defend china's coal production instead of blaming to take the heat of western sources of GHG.
check out http://www.envirowiki.info, the knowledge database for environmentalists and activists.
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mat Posted 1:02 am
13 Nov 2007
with a large number of NGOs fighting tooth and nail to stop the building of coal plants (and not just in the USA) this investment move is definitely NOT a help to the environment of this planet. i'm going to have to pay A LOT more attention to where my retirement investments are.
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