Guardian: Fossil-Fuel-Free Funds Outperformed Conventional Ones, Analysis Shows
Investors who have dumped holdings in fossil fuel companies have outperformed those that remain invested in coal, oil and gas over the past five years, according to analysis by the world’s leading stock market index company,
MSCI, which runs global indices used by more than 6,000 pension and hedge funds, found that investors who divested from fossil fuel companies would have earned an average return of 13% a year since 2010, compared to the 11.8%-a-year return earned by conventional investors.
Bloomberg: EU Lawmakers Reach Deal to Advance Carbon Reform to 2019
European Union negotiators reached an agreement Tuesday to bring forward to 2019 a reform to help curb a surplus of permits in the world’s biggest emission market.
Representatives of EU governments, the European Parliament and the European Commission decided to start a stability reserve in the EU emissions trading system two years earlier than originally proposed, according to Latvia, which holds the EU rotating presidency.
EurActiv: Germany Seen as Key for Tesla's Home Battery
Electric car pioneer Tesla unveiled a "home battery" last week, which its founder Elon Musk said would help change the "entire energy infrastructure of the world." Environmentally conscious German customers are targeted as potential buyers of the product.
Germany is seen as a key market for the product -- which is about 6 inches thick, 4 feet tall and 3 feet across -- because it has among the highest take-up of solar energy in the world, Musk said.
The Verge: Tesla Is Now Selling Used Electric Cars for Lower Prices
Elon Musk now sells used cars. The billionaire's electric car company, Tesla Motors, quietly launched a pre-owned vehicle program at the end of April -- a new scheme that offers older versions of its Model S sedan for lower prices than new models. The used cars still come with Tesla maintenance and reliability checks, and like other high-end car makers, Musk's company gives a 4-year or 50,000-mile warranty on pre-owned vehicles.
Financial Post: This Tiny Ontario Battery Maker Just Bought the Biggest ‘Giga Factory’ in Europe
Sankar Das Gupta is hoping that his company Electrovaya Inc. can ride on the coattails of Elon Musk, who last week announced the transformative Tesla Energy battery solution that could change the way homes and vehicles are powered in the near future.
Only days before Musk’s news, Mississauga, Ont.-based Electrovaya made a transformative announcement of its own with the purchase of Europe’s largest lithium-ion battery ‘giga factory,’ Evonik Litarion GmbH. While Gupta would not divulge financial details, the giga factory was built at a cost of $1 billion and boasts $100 million in assets.