This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

China's Dirty Job Could Benefit Foreign Firms

Alstom shares are down 55% over the past five years, though most of that loss coincided with the financial crisis. Air Liquide stocks are up 4% since 2007 despite a financial crisis plunge.

But hold off on investing in these companies until projects kick off and it's clear who's handling them. China may be open to foreign cooperation only until it can buy its own licenses for the technology. The Asian Development Bank, which has tried to help China control air pollution since 2008, also cites holes in the country's related regulations.

Money poses another problem. One demonstration project at one factory costs $500 million. So governments worldwide had offered $23.5 billion as of last year, often via competitive funding programs.

Globally, just eight large-scale projects are working now, with six more under construction. Canada and the United States are particularly aggressive. Total CO2 storage capacity of all 14 projects will exceed 33 million tons a year, same as "preventing the emissions from more than 6 million cars from entering the atmosphere each year," the Global CCS Institute says in a 2011 report.

If China's willing to go for it, the Asian Development Bank says, other countries might follow. A large-scale demonstration of the bagging-and-burial of carbon dioxide in China would "drive the technology's commercialization globally," the lender's statement says.

Meaning, more cleanup chances for the same contractors.



This article was written by an independent contributor, separate from TheStreet's regular news coverage.

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
DOW $51.69 0.00%
GE $27.31 0.00%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs