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The head of the worldâs largest private investor has asked companies to disclose plans on how they intend to reshape their businesses to operate in a net-zero economy.
In his hugely influential annual letter to chief executives, Larry Fink, the founder and chief executive of BlackRock, an investment management firm with more than $10 trillion of funds in its care, said rather than distracting global financial markets from the climate crisis, the coronavirus pandemic has accelerated the response to it.
Larry Fink, chief executive officer of BlackRock Inc., speaks during a Bloomberg event on the opening day of the World Economic Forum in Davos, Switzerland, last year.
Why EVs Might Never Reach Price Parity With Conventional Cars
When will electric cars be priced the same as the most affordable internal-combustion models? You might not like the answer. Tesla
The sighting of price parity between EVs and internal-combustion cars has become the auto industry’s white whale. It’s the buzzword that’s launched a thousand academic papers, Wall Street analyses and media blandishments, assuring us we’re this close to EVs that cost no more and no less than traditional automobiles.
But price parity has become a textbook case of garbage-in-garbage-out, of getting the wrong answers because you’re asking the wrong questions. It’s an illusion for any number of reasons, beyond government EV subsidies that put a thumb on the market scale. Let’s start with some easy ones: Whatever made you think the auto industry wants to sell you cheaper cars? As a corollary, who convinced anyone that people will buy cars based on maximum utility, economic
US toy sales surged 16% in 2020 as parents looked to entertain kids during pandemic (SPY -0.2%). Biggest midday movers: GameStop, Bed Bath and Beyond, Carnival.
Here is the current market situation from CNN Money
North and South American markets are mixed. The IPC is higher by 0.05%, while the Bovespa is leading the S&P 500 lower. They are down 0.80% and 0.21% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Barclays: WTI To Average $52 In 2021 Barclays expects the U.S. oil benchmark, WTI Crude, to average $52 per barrel in 2021, raising its outlook by $2 a barrel due to a weaker U.S. dollar and expected higher demand for winter fuels because of the cold snap in the northern hemisphere. The bank also lifted its view on the average Brent Crude price for this year by $2 per barrel, expecting it at $55, Reuters reported on Monday. The new forecasts are roughly the levels at which both benchmarks traded early on Monday, with WTI Crude at just
DOW futures sag ahead of big week for tech earnings (SPY +0.1%). Bankruptcy is off the table for AMC after raising more than $900 million.
Here is the current market situation from CNN Money
European markets are broadly lower today with shares in Germany off the most. The DAX is down 1.74% while London s FTSE 100 is off 1.14% and France s CAC 40 is lower by 0.56%.
What Is Moving the Markets
Here are the headlines moving the markets.
Oil Majors Poised To Make Biggest Geothermal Investments In 30 Years The green energy revolution is well and truly underway. Renewables have proven to be highly resilient, emerging as the only energy sector to record any kind of growth at a time when the traditional energy sector is going through its worst existential crisis. Indeed, the latest report by clean energy watchdog Bloomberg New Energy Finance (BNEF) reveals that a broad measure of global energy transition investments in 2020 clocked in at a record $501.3 billion, good for 9% Y/Y gr
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Those hoping new United States President Joe Biden would make action on climate change one of his top priorities would have been cheered by the flurry of activity from his first days in office.
With a few strokes of his pen, Biden cancelled a Trump administration permit for the $US8 billion ($10.3 billion) Keystone XL pipeline linking Canadaâs oil sands to the Gulf coast, slapped a moratorium on oil and gas leases in Alaskaâs pristine Arctic National Wildlife Refuge, began a review of pollution regulations and ordered that the US rejoin the Paris climate agreement 77 days after it had formally left it.