Investing.com – U.K. stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower. At the close in London, the lost 1.23%. The best performers of the session on the were Severn Trent PLC (LON:), which rose 0.94% or 24.00 points to trade at 2,574.00 at the close. Meanwhile, Imperial Brands PLC (LON:) added 0.55% or 14.00 points to end at 2,572.00 and Hikma Pharmaceuticals PLC (LON:) was up 0.36% or 7.00 points to 1,935.00 in late trade. The worst performers of the session were Pershing Square Holdings Ltd (LON:), which fell 3.77%…
Author: user
In a challenging year for Reliance Global Group, Inc. (RELI), the stock has plummeted to a 52-week low, touching a price level of just $1.2. This significant downturn reflects a staggering 1-year change with the company’s stock value eroding by -85.6%. According to InvestingPro data, the company’s financial health score stands at a concerning 1.52 (labeled as ‘WEAK’), with revenue of $14.08M and a modest gross profit margin of 16.5%. Investors have watched with concern as the stock struggled to find its footing amidst market pressures and internal challenges, leading to this new low point. The sharp year-over-year decline has…
Exclusive: Shell used rice-farming offsets for “carbon neutral” LNG campaign – but farmers and local authorities said no project activities took place Since 2022, Shell has sold more than 20 cargoes of liquefied natural gas (LNG) as “carbon neutral” under a new industry-led standard. Climate Home News and Dialogue Earth can now reveal that this scheme has relied in part on “phantom” carbon credits that failed to cut emissions as claimed. The energy giant shipped the fossil fuel to buyers in East Asia and beyond, some of whom in turn pitched the gas as a “net zero solution” to their…
Breadcrumb Trail LinksPMN BusinessThe Golden State gives drillers carbon credits to produce some of the most emissions-intensive oil in the nation.Author of the article:Bloomberg NewsRobert TuttlePublished Dec 19, 2024 • 6 minute read You can save this article by registering for free here. Or sign-in if you have an account.iz)l(kjj8ioywce08jpmufht_media_dl_1.png Environmental Protection AgencyArticle content(Bloomberg) — In California’s San Joaquin Valley, old-fashioned pump jacks eke out a trickle of crude that’s among the dirtiest in America. Powering the oil field equipment are solar panels that generate state carbon credits potentially worth nearly $2 million(1).Article contentArticle contentE&B Natural Resources Management Corp., the local…
By Medha Singh and Purvi Agarwal (Reuters) -Wall Street’s main indexes gained some ground on Thursday, a day after the Federal Reserve’s projections of fewer-than-expected interest rate cuts and higher inflation next year wrong-footed some investors and pummeled U.S. stocks. The benchmark was last up 0.3%, paring most of its gains in the first hour of the trading session, as a rise in U.S. Treasury yields weighed. The U.S. 10-year yield hit a fresh 6-1/2 month high at 4.57% after upbeat economic data. [US/] “The stock market is going to take all of its cues from the bond market moving…
Steel’s inherent recyclability makes it especially suitable for the circular economy. For example, electric arc furnaces are much more efficient in producing steel when compared to more traditional integrated mills, and scrap metal is typically the source material for these energy-efficient furnaces. GCShutter/E+In today’s rapidly evolving industrial landscape, nothing rings louder than the call for sustainability. With environmental concerns mounting, industries are compelled to rethink their traditional ways. The steel industry—one of the backbones of modern infrastructure—stands at a pivotal crossroads: Will it make a transition from a linear to a circular economy, and if so, what does this portend…
In golf, a hole-in-one is a remarkable feat. The odds? Roughly one in 850,000 from a distance of 150 yards – practically a statistical anomaly. Yet, the 2023 LPGA tour recorded 20 such occurrences. How can this be? Simple: a low probability doesn’t necessarily translate to low frequency. Hold on to that thought for a moment.Now, let’s switch gears. Imagine two coin-toss games. In the first, the coin is fair, offering an equal chance of winning or losing. In the second, the coin is flawed: there’s a 60% chance of losing and only a 40% chance of winning. Both games,…
By Nathan Gomes (Reuters) -CarMax on Thursday posted its first quarterly sales increase in more than two years that also topped Street expectations, signaling a rebound in the used-car market and sending the retailer’s shares up as much as 12%. A post-pandemic trend of customers opting for better deals on new vehicles equipped with improved features and limited used offerings from dealers in the $20,000 range had weighed on demand at used-car retailers. “If you look at our under $20,000 vehicles, we’ve done a great job bumping that number up year-over-year,” CarMax CEO Bill Nash said on a post-earnings call.…
(Bloomberg) — In California’s San Joaquin Valley, old-fashioned pump jacks eke out a trickle of crude that’s among the dirtiest in America. Powering the oil field equipment are solar panels that generate state carbon credits potentially worth nearly $2 million(1).E&B Natural Resources Management Corp., the local oil producer that built the solar plant, is among a handful of little-known companies that produce the most emissions-intensive crude in the US, according to an analysis by Bloomberg News. Yet the solar array offers an incentive to keep pumping at a time when California is aggressively trying to phase out fossil-fuel use.The situation…
Combating climate change has become a significant agenda in all nations’ developmental pathways. To address this challenge, Canada has set a new greenhouse gas (GHG) emissions reduction target for 2035, aiming to slash emissions by 45–50% below 2005 levels. This reformed target modifies its existing 2030 climate goals, which entailed reducing GHG emissions by at least 40–45% below the same baseline. Through this announcement, the Canadian Government wants to maintain continuity and momentum in its climate efforts. Significantly, it also demonstrates the country’s commitment to tackling the climate crisis while aligning with the emerging global carbon markets and fostering economic…