Enterprise Products Partners Sees Growth Ahead for U.S. Oil and Gas
Global warming is a real thing, and it is good that the world is trying to address it. However, energy transitions aren't as easy as flipping a light switch, which is why Enterprise Products Partners (NYSE: EPD) thinks it has a very long and profitable future ahead. If management is correct, unitholders collecting the fat 7.3% distribution yield will have a profitable future, too.
Burning oil and natural gas produces carbon dioxide. This gas helps to heat up the planet. It's a well-documented and long-known relationship. It is the reason why governments around the world are pushing so hard to reduce the amount of carbon-based fuels being used. In fact, this effort is a big piece of the E (environmental) in the ESG investing approach. That's all well and good.
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Source Fool.com
