UPDATE 3-Musk decries bitcoin s insane energy use after Tesla payment U-turn Reuters 3 hrs ago Musk denounces amount of energy used to produce bitcoin
Popular Searches Tesla investor welcomes billionaire s sudden U-turn Musk announcement triggers tumble in cryptocurrencies Tesla will retain bitcoin holdings (Adds investor comments and related story links)
By Hyunjoo Jin and Subrat Patnaik
May 13 (Reuters) - Tesla Inc boss Elon Musk on Thursday denounced the insane amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns.
Musk, one of bitcoin s most ardent backers, tweeted a graph of bitcoin s power consumption and said: Energy usage trend over past few months is insane. (https://bit.ly/33BYV8Z)
Tesla Inc boss Elon Musk on Thursday denounced the insane amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over. | May 13, 2021
Elon Musk Decries Insane Bitcoin Energy Use After Tesla Payment U-Turn Elon Musk Decries Insane Bitcoin Energy Use After Tesla Payment U-Turn Musk, one of bitcoin s most ardent backers, tweeted a graph of bitcoin s power consumption and said: Energy usage trend over past few months is insane.
Tesla would no longer accept the cryptocurrency as payment for its electric cars, Elon Musk said. (File)
Tesla Inc boss Elon Musk on Thursday denounced the insane amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns.
Musk, one of bitcoin s most ardent backers, tweeted a graph of bitcoin s power consumption and said: Energy usage trend over past few months is insane.
Extinction Refinancing: Banks are the next generation of climate activists withholding funding for carbon-heavy businesses
Amanda Gray is a partner at Addleshaw Goddard
GRANGEMOUTH, SCOTLAND - OCTOBER 23: Protesters block the entrance to Ineos plant on Bo’Ness road on October 23, 2020 in Grangemouth, Scotland. (Photo by Jeff J Mitchell/Getty Images)
Banks are unlikely to be the first group that comes to mind when thinking of climate activists. Although there is now immense and growing pressure on every area of the financial community to drive down emissions and lead the transition to a low-carbon economy, banks often seem to face the most scrutiny.
Breakdown: Net zero goals demand zero tolerance reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.