July 21st, 2020 | 07:28 CEST
Gazprom, Saturn Oil & Gas, Shell - Winners of a supply chain law
Table of contents:
"[...] The collaboration with CVMR offers two primary advantages for Power Nickel: We can cover a larger portion of the value chain in the future, and despite the extensive cooperation with all its positive outcomes, we have remained significantly independent. [...]" Terry Lynch, CEO, Power Nickel
Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.
Good oil is desirable
Imagine that the next time you go to a petrol station you have the choice between 'safe' and 'ruthless' petrol. The good kind comes from Canada, where human rights are respected and the environment is protected. The bad fuel, for example, comes from a country about which little is known except that the death penalty is the order of the day. The revenues from the oil business are used by the ruthless rulers to buy weapons, not to defend themselves, but to intimidate the population or neighbors. You can probably think of several countries that would fit that description.
Conflict of interest and security of supply
The situation of such a supply chain law becomes exciting in the case of companies or countries against which an embargo already exists, but where it is still necessary to purchase products or raw materials. One gets relatively quickly into a conflict of interest and an area of political interpretation. Would the German government (be able to) renounce the purchase of natural gas from Gazprom in Russia because of an embargo against Russia? Out of the question. Germany is simply dependent on natural gas from Russia for the foreseeable future.
What power does a supply chain law really have?
The proponents of a supply chain law cite strikingly clear cases where the observer will undoubtedly come to a decision as to what is right and what is not good for society. However, the situation becomes critical in areas that are less clear. For example, do I do more harm if I no longer buy certain products from developing countries with low standards and instead purchase the goods from certified sources in industrialized countries? Who pays for the loss of income for people from unregulated markets?
Can a German or European supply chain law create new standards for people and nature in weak countries and regions or is the opposite even caused because the pressure to earn is too high and people are forced to be driven into the arms of ruthless buyers from other parts of the world? We do not know. It would be an experiment.
Good Canadian crude oil
On the subject of crude oil, companies such as Saturn Oil & Gas from Canada would benefit considerably from a global supply chain law of the G7 or G20 states. However, due to the transport routes, it is illusory that processed crude oil from the Canadian province of Saskatchewan reaches a gas station in Munich. The domestic and neighboring US market would be large enough for Canadian companies if the import of questionable crude oil were to cease. Shell from Europe has often been the focus of critical reporting in the past and has already been severely attacked by environmental protection organizations on several occasions. But even such companies are developing and learning. It remains to be seen where the journey will lead.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.
Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.