The recent global warming agreement, signed by representatives of more than 150 countries, doesn't faze investors, who see passage of the accord in the U.S. Congress as unlikely.
"I don't see very much coming out of it," said Ross Stonesifer, research equity analyst for American Express Financial Advisors, Minneapolis.
"Congress has been fairly clear" that unless more countries sign on, the treaty won't be passed, Mr. Stonesifer said.
He said while global warming is a legitimate social issue, definitive proof that it is occurring has not been produced.
Moreover, he said, there is no evidence that the treaty would help to alleviate global warming, if it does exist.
Mr. Stonesifer said he would be "very surprised" if the agreement is enacted in the United States.
The treaty, which won't be presented to Congress for years, calls for the rolling back of emissions released into the atmosphere.