Weir Is Exiting the Oil-and-Gas Industry With a $405 Million Sale to Caterpillar. Its Stock Is Soaring.
Perhaps most interesting is Weir’s confidence that focusing purely on mining—a historically dirty industry—is really a climate change play. As a mining technology company it could stand to benefit if global miners take commitments to reducing carbon emissions seriously. And Weir’s exposure to copper—crucial in electric vehicles and windmills—positions it well in the long term for a broader global shift to a renewable economy.









