Tesla has established itself as a leader in the fight against climate change. It often emphasizes its role in cutting greenhouse gas (GHG) emissions by promoting electric vehicles (EVs). In 2023, the company claimed its fleet helped avoid 20 million metric tons of carbon dioxide equivalent (CO2e) emissions. A recent study by Greenly, a firm specializing in carbon footprint measurement and management, however, questions this figure. They estimate the real avoided emissions at 10.2 to 14.4 million metric tons, which is 28-49% lower than Tesla’s claims. What’s the basis for Greenly’s claim? Let’s find out, and how this may impact…
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Tesla has established itself as a leader in the fight against climate change. It often emphasizes its role in cutting greenhouse gas (GHG) emissions by promoting electric vehicles (EVs). In 2023, the company claimed its fleet helped avoid 20 million metric tons of carbon dioxide equivalent (CO2e) emissions. A recent study by Greenly, a firm specializing in carbon footprint measurement and management, however, questions this figure. They estimate the real avoided emissions at 10.2 to 14.4 million metric tons, which is 28-49% lower than Tesla’s claims. What’s the basis for Greenly’s claim? Let’s find out, and how this may impact…
Aramco, a top player in energy and chemicals, has teamed up with Siemens Energy. Together, they have launched Saudi Arabia’s first Direct Air Capture (DAC) test unit. The plant can remove 12 tons of carbon dioxide from the atmosphere each year. This initiative is a big step. It will help reduce Saudi emissions and promote carbon capture technology for a more sustainable future. Ali A. Al-Meshari, Aramco Senior Vice President of Technology Oversight and Coordination, said: “Technologies that directly capture carbon dioxide from the air will likely play an important role in reducing greenhouse gas emissions moving forward, particularly in hard-to-abate sectors.…
(Bloomberg) — An European Central Bank interest-rate cut at the next meeting currently looks likely, said Governing Council member Yannis Stournaras, adding that it’s too early to say for certain that such a move will happen. Most Read from Bloomberg “Everything points in the direction of a cut in April,” he told Econostream in an interview. “But this is not April. It is still March. We have one month to go, so I cannot tell you that we’re going to cut.” The ECB has lowered borrowing costs six times since June, though markets aren’t fully pricing in another reduction for…
Elon Musk attends the first cabinet meeting hosted by U.S. President Donald Trump, in Washington, D.C., U.S., Feb. 26, 2025.Brian Snyder | ReutersIt’s been a painful year so far for megacap technology giants known as the “Magnificent Seven” and 2025 is only getting started.Six members of the group are already tracking for significant year-to-date losses, led by a 40% drop in shares of Tesla. Meta Platforms is the only exception, holding on to a slim gain.The drop in technology stocks comes just two months after leaders flocked to Washington for President Donald Trump’s inauguration and after many megacaps powered to…
All flights to and from London Heathrow have been cancelled today due to a fire at a nearby electricity substation.Passengers are being warned to stay away, with more than 1,300 journeys expected to be cancelled.But what are the rights of passengers if their flights are delayed or cancelled?Your rights during delaysYour flight is covered by UK law if it departs from a UK airport, arrives at a UK airport on a UK or EU airline, or arrives at an EU airport on a UK airline.When it comes to significant delays, UK law says airlines must provide you with care and…
Image source: Getty Images I’m always hunting for high-quality FTSE 100 dividend — rather than growth — stocks. I’m a believer in the ‘bird in the hand’ theory — I’d rather be paid cash (in the form of dividends) now than wait for growth tomorrow. Of course, long-term investing is about balance and diversification. The top dividend payers today may not be the same in 10 or 20 years’ time. Equally, dividend policies are subject to change that could quickly alter the balance of a portfolio. However, there’s something to be said for large, stable FTSE 100 dividend stocks in…
Image source: Getty Images The Tesla (NASDAQ:TSLA) share price has been on a wild ride. Scratch that. The Tesla share price is a wild ride. Always has been. Today, the stock’s screeching into reverse. Shares have plunged more than half from their December peak of $488, dragging Tesla’s market-cap down to $740bn. While that may sound hellish, it’s worth noting that this only takes the stock back to October 2024 levels. Despite the sell-off, the stock’s still up 36% over the past year. Is this growth stock running on empty? At times, Tesla seems overwhelmed by controversy. CEO Elon Musk’s growing…
Amazon is expanding its Sustainability Exchange resource platform to give its value-chain partners access to investments in nature-based products and carbon reduction technologies through carbon credits, the company said this week. The credits will only be offered to companies that have set a net-zero carbon emissions target covering direct emissions and operations, indirect emissions from purchased electricity and indirect emissions from other sources, Investors must also measure and publicly report greenhouse gas emissions on a regular basis and commit to implementing decarbonization strategies in line with the latest climate science. “As we continue on our path to reach net-zero carbon…
Most metal stocks have posted strong gains in recent days, lifting the sectoral index, which had been under pressure for five consecutive months.As of March 18 close, the Nifty Metal index has gained about 10 per cent this month, significantly outperforming the Nifty 50 index which has risen a little over 3 per cent.Some of the index majors such as Vedanta (up 17 per cent), Tata Steel (13 per cent), Hindustan Zinc (12 per cent), Jindal Stainless (11 per cent), Adani Enterprises (10 per cent) and Hindalco (10 per cent) have seen robust gains this month.Barring APL Apollo Tubes, which…