Tech giant Google has made a deal with Brazilian startup Mombak, agreeing to purchase 50,000 metric tons of nature-based carbon removal credits by 2030.This move marks the first instance of Google investing in forestry-based carbon removal credits.After a 2023 sustainability report showed an alarming 48% increase in emissions when compared to 2019, in 2024 Google shifted their sustainability strategy, moving away from buying carbon capture and storage (CCS) offsets and orienting towards reducing their own emissions and investing in CO2 removal projects.In March of this year, the corporation announced plans to contract at least $35M worth of carbon removal credits…
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Marjorie Taylor Greene, the congressional representative for Georgia’s 14th district, has made a series of stock purchases, according to a recent congressional trade report. The stocks, all traded on the New York Stock Exchange and NASDAQ, are from a diverse range of industries including technology, healthcare, and logistics. The companies Greene invested in include Alphabet (NASDAQ:) Inc. (NASDAQ:GOOG), Berkshire Hathaway Inc . (NYSE:) (NYSE:BRK.B), Blackstone Inc. (NYSE:NYSE:), Cardinal Health , Inc. (NYSE:NYSE:), CrowdStrike Holdings, Inc. (NASDAQ:), Intel Corporation (NASDAQ:), Lam Research Corporation (NASDAQ:), Microsoft Corporation (NASDAQ:), Southern Copper Corporation (NYSE:NYSE:), and United Parcel Service, Inc. (NYSE:NYSE:). Each investment was valued…
Singapore, Singapore–(Newsfile Corp. – September 23, 2024) – Capital Markets Mongolia LLC (CMM) is hosting the Mongolia Investment Forum: Singapore 2024 on November 5, 2024. This event is part of the ongoing Mongolia Investment series, following the successful forum held in New York earlier this year. The Singapore edition will convene global investors, policymakers, and business leaders to explore the evolving investment opportunities in Mongolia.This year’s forum will center on three critical sectors: Digital Banking and Payments, Energy and Carbon Markets, and Impact Investing. The goal is to foster in-depth discussions and establish connections that drive investment in these strategic…
China dominates global production of rare earth elements (REEs), a group of 17 minerals critical to manufacturing a range of high-tech applications.Despite American and European efforts to diversify REE imports, China continues to play a pivotal role in the global supply of the strategic resources.According to the International Energy Agency, China accounted for 61 percent of global REE production last year, with Myanmar and the U.S. trailing at 15 percent and 9 percent, respectively. China sourced 72 percent of the U.S.’s rare earth imports in 2022 according to the U.S. Geological Survey, followed by Malaysia with 11 percent, Japan with…
Caspar Benson/Getty ImagesStock market highs are expected to continue into 2025, according to Oppenheimer’s Ari Wald.In a note, Wald highlighted strong market breadth and healthy signs across various sectors.Key sectors like industrials, financials, and technology look resilient, Wald said.Record highs in the stock market are set to continue, as few signals suggest a top in equity prices is near.That’s according to Oppenheimer managing director and technical analyst Ari Wald, who said in a note over the weekend that there are bullish “inflection points” in the underlying market.”We continue to balance seasonal headwinds against our view that evidence of a major…
Salesforce, Inc. (NYSE:CRM) executive Sundeep G. Reddy, the company’s EVP & Chief Accounting Officer, recently engaged in a sale of company stock, according to the latest SEC filings. On September 23, Reddy sold 65 shares of Salesforce common stock at a price of $264.7813 per share, totaling over $17,210. The transaction was part of a pre-arranged plan to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). These shares were earned by Reddy as part of a compensation package that vested based on his continued employment through September 22, 2024. Following this sale, Reddy still holds…
By Don Durfee and Parisa Hafezi UNITED NATIONS (Reuters) -Israel wants to drag the Middle East into a full-blown war by provoking Iran to join the nearly year-old conflict between Israel and Tehran-backed Hezbollah in Lebanon, Iran’s president said on Monday, warning of its “irreversible” consequences. Masoud Pezeshkian, speaking to a group of journalists after his arrival in New York to attend the United Nations General Assembly, said: “We do not wish to be the cause of instability in the Middle East as its consequences would be irreversible” “We want to live in peace, we don’t want war,” he added.…
In a move to enhance the transparency and reliability of global carbon markets, MSCI has introduced the MSCI Carbon Project Ratings. According to ESG News, this innovative tool evaluates the integrity of more than 4,000 carbon credit projects, establishing a benchmark for quality and trustworthiness in a market critical for achieving decarbonization and net-zero objectives.Guy Turner, head of MSCI Carbon Markets, emphasized the importance of high-integrity projects. “Carbon markets are crucial for speeding up decarbonization and reaching net-zero targets, yet currently, only 5% of projects on the market are considered to be of very high integrity,” he noted. This new…
Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets climbed on Tuesday, tracking gains on Wall Street after the S&P 500 and Dow Jones Industrial Average touched new closing highs in Monday’s trading session.The broad market index added 0.28% to end at 5,718.57, while the Dow Jones Industrial Average gained 61.29 points, or 0.15%, to close at 42,124.65.Traders in Asia will look toward a rare briefing by the People’s Bank of China, after authorities announced that PBOC Governor Pan Gongsheng will hold a press conference at 9 a.m. on “financial support…
Cathie Wood’s ARK ETFs disclosed their daily trades for Monday, September 23, 2024, revealing a mix of buys and sells across various sectors. The largest transaction of the day was the sale of 11620 shares of Spotify Technology SA (NYSE:), amounting to a total dollar value of $4,243,275. This move comes as the latest in a series of sales for the music streaming giant, indicating a possible strategic shift for ARK’s investment in the company. Another significant trade was the purchase of 81079 shares of GitLab Inc (NASDAQ:GTLB) for a total value of $4,220,161, marking a substantial investment in the…