The United States’ goal to break China’s grip on the global supply of rare earth minerals faces numerous hurdles. In a remote field outside Houston, Texas, plans are in place for a rare earth processing plant by Lynas Rare Earths, an Australian company. Despite its potential significance, this plant is just one step in the US’s larger, multibillion-dollar effort to challenge China’s monopoly, which controls roughly 70% of the world’s rare earth output and over 90% of its refining capacity. US Investment: Slow Progress in a High-Stakes Race Rare earth elements are essential components in various high-tech applications like smartphones, wind…
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Meta, the owner of Facebook and Instagram, has entered a significant carbon offset agreement with Brazilian investment bank BTG Pactual’s forestry arm, Timberland Investment Group (TIG). The contract involves the purchase of up to 3.9 million carbon credits through 2038. The deal is Meta’s largest carbon removal initiative from a single project. Though the financial terms of the deal were not disclosed, the scope suggests a considerable investment. Meta’s Mega Move: Investing in Carbon Offsets According to Allied Offsets, the average price of forestry carbon offsets was $4.22 per credit last week. Based on this pricing, the deal could be…
Credit: Pixabay/CC0 Public Domain Iron is a micronutrient indispensable for life, enabling processes such as respiration, photosynthesis, and DNA synthesis. Iron availability is often a limiting resource in today’s oceans, which means that increasing the flow of iron into them can increase the amount of carbon fixed by phytoplankton, with consequences for the global climate. Iron ends up in oceans and terrestrial ecosystems through rivers, melting glaciers, hydrothermal activity, and especially wind. But not all its chemical forms are “bioreactive,” that is, available for organisms to take up from their environment. “Here we show that iron bound to dust from…
This week on the Talking Headways podcast we’re hitting 500 episodes! To celebrate we have a bit of a look back in time with former Streetsblog US Editor Tanya Snyder on the origins of the show. We then chat with Ken Napzok and Joseph Scrimshaw of my favorite podcast about a galaxy far, far away, ForceCenter. But we don’t talk about Star Wars — we talk about Los Angeles and their feelings towards the place they call home.Scroll down below the audio player for an edited excerpt of our conversation, or click here for an unedited, AI-generated transcript of the entire conversation.And find Joseph and Ken at…
A carbon tax protest on a highway in Calgary, Alta., on Sept. 15. (Credit: Darren Makowichuk/Postmedia files)It was a decade and half ago when Alberta and then British Columbia introduced the first carbon-pricing schemes in Canada. Today, Alberta maintains its carbon-pricing mechanism for large emitters, and B.C. still has its carbon tax. All other provinces have either adopted their own carbon-pricing schemes or use the federal backstop pricing system.Now however, opposition to carbon taxation has mushroomed so much that it is one step away from its grave. The federal Conservatives have been unexpectedly successful in their campaign to “Axe the…
Lamborghini, the iconic Italian automaker known for its exotic sports cars, is currently at a crossroads. While the Huracan, a beloved model, is nearing the end of its production run, its successor, the Temerario, is poised to take its place. The larger Revuelto, a hybrid V12 powerhouse, has also made its debut, replacing the iconic Aventador. Meanwhile, the Urus lineup, consisting of the SE, Performante, and S models, continues to cater to those seeking a more practical yet still thrilling driving experience. Despite the impressive range of vehicles already available, there has been speculation about whether Lamborghini might expand its…
(Bloomberg) — Around Boeing Co.’s vast aircraft manufacturing hub in Seattle, the great belt tightening has begun as the planemaker and its factory workers settle in for a labor dispute that will test the resolve of both sides.Most Read from BloombergStriking employees received their final Boeing paycheck on Thursday, and the company stops paying for their health insurance on Sept. 30. Both measures will pinch household finances, typically ratcheting up the pressure and stakes for union negotiators in contract talks to reach an agreement.But as workers stare down the embattled manufacturer for better pay and benefits, the 33,000 members of…
Image source: Getty Images I’m a relatively cautious investor but I’ve just taken a punt on a bombed-out UK stock that I think is about to turn the corner. If I’m right, I expect index-thrashing gains, given that it’s crashed 96% in five years. If I’m wrong, well, it’s going to hurt. The company in question is James Bond car maker Aston Martin Lagonda (LSE: AML). Experienced investors will no doubt be thinking ‘there goes another sucker’ and I totally get that. Aston Martin makes sleek luxury cars but as an investment it’s been a wheezing old banger. And not…
This stunning 1967 Pontiac GTO Convertible, a true automotive icon, continues to fascinate with its sleek lines and impeccable condition. Despite its 57 years on the road, the car appears virtually new, a testament to the meticulous restoration it has undergone. The metallic blue paint and off white interior create a timeless aesthetic, reminiscent of its showroom days. One of only 9,517 GTO Convertibles produced in 1967, this rare example boasts a unique blend of classic design and modern performance. The automaker introduced several styling updates for the 1967 model year, including eight taillights on each side, relocated GTO badges,…
On Friday, TD Cowen took a cautious stance on FedEx Corp (NYSE:) shares by reducing its price target to $328 from $334, while still recommending the stock as a buy. The adjustment follows FedEx’s first-quarter financial results, which did not meet the analyst’s projections or the broader market consensus. The report highlighted ongoing challenges in the parcel market, including customers opting for cheaper shipping options and a general decline in demand. FedEx’s Freight segment has been under pressure due to difficulties in industrial end markets. TD Cowen anticipates that a comprehensive review of this business division will be concluded by…