Best of Lex: charcoal gives the climate a black eye
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Talk about supporting green energy. The Crown Estate, which manages the Queen’s property, has had great success leasing a wind farm on the Crown’s seabed. These added around £ 1 billion to the value of the portfolio. Fortunately or wisely, Crown Estate has made some good choices.
Compare it with the plans to destroy the bottom of the Pacific Ocean for metal. This usually fails as an environmentally sustainable investment. But when the material goes to the battery of an electric car, that’s another story, or at least that’s what Metals claims. The U.S. blank check company has stepped up the opportunity, with listings slated for late summer.
While Rex seeks a clear view of investment opportunities, we generally support sustainable finance for its laudable purpose. After the coal price soared, I felt the need to investigate.
Coal, which is generally considered a bad guy among dirty fossil fuels, is doing very well. Especially in China, we blame the global recovery. The price of thermal coal has skyrocketed as the surge in demand for electricity in China coincides with a shortage of fuel supplies. Don’t bury the coal property yet, Rex said.
Europe has done more to stop using smoldering coal for electricity. In addition, the EU has a functioning carbon emissions trading system that determines the price of carbon and penalizes its emitters. These contracts have exploded. The EU plans to create a similar regime for imported materials, excluding oil and natural gas. Avoiding conflicts with EU trading partners while satisfying local producers is a difficult balancing act. For Rex, this too is an income generation system.
Supply pressures have boosted car rental activity in the United States as tourism and business travel recover. Avis Budget’s share price has quadrupled in the past year. Hertz, the biggest rival that filed for bankruptcy last year, managed to quit administration without wiping out all common shareholders. A Few Bargains Equipped with Lexs from a car rental company where their stock was new.
Of course, if you are traveling the world by private jet, you don’t have to worry about car rental prices. Civilian flight activity has already returned to pre-pandemic levels. It costs climate Rex emitted 750 kg of CO2 per passenger, more than 7 times more than a full commercial flight.
Business jets dominate the activities of private jets. They are also status symbols for the ultra-rich. The pandemic has thickened the portfolios of many millionaires. HSBC has invested heavily in the private and wealth banking sector for good reason. In July last year, the Asia-Pacific region had 38% of the world’s millionaires, half of them in mainland China. Rex expected the bank’s efforts to be rewarded.
Again, you can’t get everything. I’m kidding about where to put it. It’s not very interesting for big data people. Each byte of each generated pixel requires not only computer processing, but also storage for later use. Data accumulates quickly. Smart Money is looking for ways to manage storage.
Speaking of smart money, the City of London has long provided housing for smart financiers. As Lex has written on several occasions, Brexit has done a little better with City. Using fun animations, we presented a few possible scenarios of this historic banking center. Watch the video here Please let us know what you think.
It’s fun and I hope you enjoy it as a weekend.
Lex Search Editor
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Best of Lex: Charcoal Gives Climate a Black Eye Source Link Best of Lex: Charcoal Gives Climate a Black Eye