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Written by Ben
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Tuesday, 16 October 2007 |
Finally, Al Gore gets his Nobel Peace Prize! He has been campaigning against Global Warming for the past 30 years. His documentary “An Inconvenient Truth” is superb work and a must-read for all.
According to David A. King, the chief scientific adviser to the British Government, Global Warming is more devastating and dangerous than all the terrorism of the word put together.
Global Warming means an increase of temperature in the surface air of the earth. It is estimated that an increase of 3 degrees Fahrenheit can raise sea- water level by as much as 20 feet. Imagine what will happen to the coastal cities all over the world should this happen.
Scientists are unambiguous that human activities are the causes of Global Warming. Chief of which are the increasing consumptions of fossil oil and deforestation. China stands second only to the US in the emission of carbon dioxide. It has been the greatest consumer of coal. Because of its huge energy requirement, it is now a net importer of oil.
Global Warming can bring many changes to the earth. Agricultural yields will be affected, arable lands will be lessening, and clean water and food will become scarce. Flooding and hurricanes will become more often and more severe. Unless we can reverse the deteriorating atmospheric condition, doomsday may not be that for away.
The good news is that the world is now aware of this danger. Gore has done a great job. Together with the Intergovernmental Panels on Climate Change (IPCC), the fight against Global Warming has now effectively commenced.
In the Malaysian Stock Market, one counter that may play a wee bit in the fight against Global Warming is PPerdana. This construction company is now controlled by Swan Symphony whose controlling shareholder is the Abu Dhabi-Kuwait-Malaysia Strategic Investment Corp. The new shareholder has said that it had the vision to transformed PPerdana into a construction giant. The beauty of PPerdana is that it has the expertise of building energy-efficient buildings (EEBs). Presently, it is the market leader in this field.
I believe the company can go far. At 4.30, a buy–and-hold strategy will probably be rewarding.
As usual, the writer disclaims all liability for his comments and opinions. You buy, sell or hold at your own risk absolutely.
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