1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

China's fossil-fuel phase-out fails to alarm big oil investors

By:  
 
FOSSIL FUELS
In the first day of trading after China said it’s working on a deadline to end sales of fossil-fuel-powered vehicles, shares are holding ground in the oil companies that stand to lose out. The listed units of China’s big three oil companies – PetroChina, Cnooc and China Petroleum & Chemical – all posted gains in early trading on Monday in Hong Kong, most likely buoyed by a tick up in crude prices.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register