After much anticipation, the U.S. House approved a bipartisan $1.2 trillion infrastructure spending package last week, sending it to President Joe Biden’s desk to sign. Although no single lawmaker got everything they wanted, I believe this bill is generally constructive news for the metals and mining industry, which will be tasked with supplying the critical minerals necessary to build and improve the nation’s roads, bridges, ports, power grid and so much more.
Part 1 of this series looked at the successful executive and his or her image as a person of wealth. Perhaps we should refer to those individuals as apparently wealthy.
Part 2 looks a more enterprising group of wealth seekers. They claim to have found a secret means of gaining wealth. We have all run into them. At parties, they tell their private insights on getting rich. Here are several of the most irritating claims such people make.
Former BP plc (NYSE: BP) chief executive officer and soon-to-be-retiring Glencore plc (OTC: GLNCY) chairman Tony Hayward is launching a new special purpose acquisition company (SPAC) focused on clean energy projects in Europe.
According to Sky News, Hayward's Energy Transition Partners seeks to raise 175 million euros ($207 million) with a listing on the Euronext Amsterdam stock exchange.
The US Department of Energy (DOE) is allocating $27 million in federal funding for the research and development of projects focused on converting energy more efficiently from waves into carbon-free electricity.
In a press release, the DOE said the resources are intended to “advance wave energy technologies toward commercial viability” and support the Biden Administration’s clean energy goal of net-zero emissions by 2050.
U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is "greener gas" that has been certified as coming from low-emission operations or from renewable sources such as landfills.
EQT Corp, Chesapeake Energy and liquefied natural gas firms Cheniere Energy and NextDecade Corp are among the companies considering low-carbon certifications from groups such as Denver-based Project Canary. Gas certified as "responsibly produced" and contributing less emissions could get up to 5% above market prices, or up to 15-cents per thousand cubic feet (mcf), proponents say.
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