News

Renewable Energy

Renewable Energy Drives Metals and Minerals Prices

Frank Holmes | Equities.com |

We can phase out fossil fuels like coal and natural gas, but we can’t phase out the metals and minerals necessary to build additional renewable energy projects.


Investment Themes To Watch in 2022

Frank Holmes | Equities.com |

Exactly 12 months ago today, inflation was running at only 1.1%, oil was still under $50 per barrel and Bitcoin was trading at $18,260. Virtually no one had been vaccinated against COVID-19, and even fewer people had ever heard of the word omicron – let alone knew that it is a letter in the Greek alphabet.


$1.2 Trillion Infrastructure Bill Means More Demand for Metals And Mining

Frank Holmes | Equities.com |

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.


Skimmed Milk Masquerades as Cream — Part 2

Michael McTague | Equities.com |

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 CEO Tony Hayward Launching Clean Energy SPAC

Kimberly Redmond | Equities.com |

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.


Department of Energy Allocating $27 Million to Ocean Wave Energy Technology

Kimberly Redmond | Equities.com |

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.


Natural Gas Producers Hoping for Premium Pricing for 'Greener Gas'

Reuters | Equities.com |

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.


Energy Investment To Recover By 10% This Year But To Miss Net Zero Emissions Goal

Reuters | Equities.com |

Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but spending will fall far short of meeting urgent climate goals.

More of the $1.9 trillion in investment is projected to shift toward electricity than ever, with more than $820 billion due to earmarked for power - the sixth year in a row it will outstrip investment in traditional oil and gas.


Global Leaders Tout Their Successes at 40-Nation Climate Summit

AP News | Equities.com |

World leaders joined President Joe Biden at the virtual climate summit Friday to share their stories how nations can break free of climate-damaging fossil fuels — from Kenyans leapfrogging from kerosene lamps to geothermal power and Israeli start-ups scrambling to improve battery storage.

“We cannot win this fight against climate change unless we go globally to fight it together,” declared President Uhuru Muigai Kenyatta of Kenya.


Environmental Groups File FTC Complaint Against Chevron Over Misleading Claims

Reuters | Equities.com |

Three environmental groups filed a false advertising complaint against Chevron with the Federal Trade Commission on Tuesday, alleging that the U.S. oil major has overstated its investment in renewable energy and actions to curb greenhouse gas emissions.

The groups - Global Witness, Greenpeace and Earthworks - said their complaint is the first to petition the FTC to use its “Green Guides” against an oil company for misleading consumers about its actions to combat climate change. The commission’s 2012 guidelines aim to prevent companies from making false environmental claims.


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