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Clean/Green Investments, Environmental demands
Nopoo
post Posted: Jun 23 2020, 03:02 PM
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Posts: 146
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In Reply To: Nopoo's post @ Apr 12 2020, 02:04 PM

Ideanomics MEG Announces 200 EV Order from Neijiang City, Sichuan Province



https://investors.ideanomics.com/2020-06-22...ichuan-Province


Ideanomics MEG Unveils Global Strategy and Expansion of Its Truck Division to Include H2FCVs

https://investors.ideanomics.com/2020-06-22...-Include-H2FCVs




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Nopoo
 
Nopoo
post Posted: Apr 12 2020, 02:04 PM
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Posts: 146
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Capitalizing on the Electric Vehicle Revolution



"Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"



Key Investment Highlights




EV World Market Growth CAGR of 25.6%

Institutional Ownership

Doing Business In the Largest Market in the World

Strong Experienced Management

2020 Exponential Growth Potential with $1B of EV Orders





Overview



Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.



Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).



Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.



MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.



Called the "Amazon Platform" for EV with end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy supplies along with subsidies for the adoption of electric commercial vehicles.



Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.



MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.



In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.



Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.



The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.




Share Structure March 31, 2020

Market Cap $158,785,000

Outstanding Shares 162,076,044

Restricted Shares 74,424,144

Unrestricted Shares 87,651,900

52 Week Hi-lo $2.84-$0.27









NEWS - Ideanomics To Monetize EV Energy Sales


NEW YORK, April 7, 2020 -- Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), is pleased to announce that MEG 's energy sales unit has deployed a pilot platform in Nanjing, China which will focus on streamlining the operational aspects of EV energy sales and consumption and will serve as a blueprint to a broader roll-out in both Nanjing, and across other major cities in China.



https://investors.ideanomics.com/

Ideanomics Inc (NASDAQ:IDEX) CEO Alf Poor tells Proactive Investor that its electric vehicle division, Mobile Energy Global has recently deployed a pilot platform in Nanjing to streamline energy sales, and it will serve “as a blueprint” for a broader rollout in the city as well as other big Chinese cities.

https://ca.proactiveinvestors.com/companies...ing-917078.html





2020 Press Releases Summary


Apr 6, 2020
Reported Qingdao City Construction Investment Entered into Strategic Cooperation Agreement with Sun Seven Stars Investment to Raise Funds for Lease Finance of Ideanomics EV Sales
-- Qingdao City Construction Investment Group signs up to RMB 50 Billion (approximately USD $7 Billion) fund to finance investments in Shandong Province

Apr 1, 2020
Announced Operations Back to Normal; Announces More EV Sales
- Orders total approximately RMB 57.8 Million or $8.1 Million USD

Mar 31, 2020
Reported China Extended New Energy Vehicle Purchase Subsidies and Purchase Tax Exemption Policy for Two Years
- EV Automotive industry to benefit from favorable policies in China stimulus package

Mar 27, 2020
Announced the Formation of Business Entities to Capitalize on China's RMB 24 trillion ($3.4 trillion) "New Infrastructure" Investments
­- MEG's New Energy Vehicles has formed a strategic cooperation with CATL, Beiben Trucks Group Co., Ltd., Chery Automobile Group, CEMI Group, iUnicorn (Shenma Zhuanche)

Mar 23, 2020
Announced Strategic Agreement with Leading EV Heavy Truck and Bus Manufacturer, BeiBen Heavy Truck
- Deal will facilitate electric heavy-duty truck sales in China, starting with Inner Mongolia mines and the port of Qingdao

Mar 20, 2020
Announced May 1st Operational Opening of Qingdao EV Hub
- Center will be branded as Mobile Energy Group Center

Mar 16, 2020
Announced Order from Beijing Silk Road Rainbow Car Rental
- Order totals approximately 4Billion RMB, or $575 Million USD

Mar 16, 2020
Announced Order from Sichuan Shenwu Yunli Transportation
- Order totals approximately 1.5Billion RMB, or $215 Million USD

Mar 12, 2020
Announced Multiple Orders from Zhitong 3000
- Order totals approximately 1.8Billion RMB, or $250 Million USD

Mar 3, 2020
Announced Sales Subsidiary to open 100,000 square meters facility in the City Qingdao
- Flagship sales center for both new and used commercial and passenger Electric Vehicles

Jan 28, 2020
Announced Subsidiary Receives Investment from Qingdao City at 2 Billion RMB valuation
- Initial investment received is ¥50 Million RMB (approx. $7.2M US)





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Nopoo
 
blacksheep
post Posted: Dec 1 2019, 01:36 PM
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Posts: 6,791
Thanks: 2307


Greece eyes 44 billion euros in investment in switch to cleaner energy

QUOTE
A gameplan approved by the cabinet on Thursday showed Greece will try to reduce its carbon footprint by more than 55 percent by 2030 compared with 2005, and would close down all its coal-fired power plants in the next eight years.

Wind, solar and hydroelectric power should account for at least 35 percent of energy consumption by then, up from about 15 percent in 2016, with investments worth about 9 billion euros. Other investments include natural gas networks and in recycling projects.


read more - https://www.reuters.com/article/us-climate-...y-idUSKBN1Y223H



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 14 2019, 02:59 PM
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Posts: 6,791
Thanks: 2307



Sweden dumps Aussie bonds as country 'not known for good climate work'
QUOTE
Sweden's central bank has sold off bonds from parts of Australia and the oil-rich Canadian province of Alberta because it felt that greenhouse gas emissions in both countries were too high.

Riksbank Deputy Governor Martin Floden said on Wednesday the bank would no longer invest in assets from issuers with a large climate footprint, even if the yields were high.

"Australia and Canada are countries that are not known for good climate work," Mr Floden said in a speech on "Monetary policy in a changing world" at Orebro University in Sweden.

"Greenhouse gas emissions per capita are among the highest in the world."

As a result of the new investment policy, we sold our holdings of bonds issued by Alberta in the spring.

"For the same reason, we have recently sold our holdings in bonds issued by the Australian states of Queensland and Western Australia."

Mr Floden, who did not give details, said Sweden had invested around 8 per cent of its foreign exchange reserves in various kinds of Australian and Canadian bonds.


QUOTE
Bank of England Governor Mark Carney said in September that the financial sector had to transform its management of climate risk, warning that global warming would prompt reassessments of the value of every single financial asset.

"Central bankers aren't your typical tree huggers, so [...] politicians should take note when they start blacklisting government bonds over climate concerns," Keith Stewart, senior energy strategist with Greenpeace Canada, said in an email on Wednesday.


read more - https://www.smh.com.au/business/markets/swe...114-p53agw.html



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 30 2019, 01:36 PM
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Posts: 6,791
Thanks: 2307



Rio Tinto says miners need to do more on the environment. Here’s how
Reuters | October 29, 2019
QUOTE
The boss of one of the world’s biggest mining companies wants the industry to do more than talk about winning a social licence in an increasingly carbon constrained world. The problem is that his company and others probably won’t like the solutions.

Rio Tinto Chief Executive Jean-Sebastien Jacques told the London Metal Exchange (LME) annual forum on Monday that mining needed to do more on the environmental, social and corporate governance (ESG) front in order to remain relevant and profitable as the world deals with climate change.

“Lots of people are talking about it, but I’m not sure there is action,” Jacques said.

Notwithstanding that Jacques himself was talking about it, he is probably correct that the mining industry, and more broadly the natural resources sector, has yet to fully get to grips with how the industry will look in the next 20-30 years.


QUOTE
Mining companies should be prepared to fully disclose the exact amount of carbon released for each tonne of material produced, and then go even further by disclosing the amount of carbon generated in turning a raw material such as iron ore into steel.

Jacques talked of a future in which there is an app that would allow consumers to see how carbon was emitted in the production of each product they buy.

It’s not beyond the realms of possibility that eventually all products will have to disclose their carbon footprint, similar to the way food is currently labelled to show the breakdown of energy content, as well as fats, proteins and carbohydrates.


read more - https://www.mining.com/web/rio-tinto-says-m...es-how-opinion/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 30 2019, 01:31 PM
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Posts: 6,791
Thanks: 2307


Green aluminum, coming soon to a metals-trading desk near you
Bloomberg News | October 29, 2019

QUOTE
Aluminum and the climate movement have a complicated relationship. The lightweight metal used in cars, airplanes and drinks cans is touted as a green alternative, yet it’s the most carbon-intensive industrial metal to produce.

As investors and consumers zero in on polluting industries, and pressure intensifies on manufacturers to source materials responsibly, the aluminum industry may be headed for a schism, with the potential for a separate, premium market in metal that claims “clean” status.


QUOTE
Some commodities traders are already positioning themselves for a shift. Trafigura Group has set up a dedicated green-aluminum trading desk, betting that climate pressure will revolutionize the aluminum industry by splitting it in two. Metals trader Concord Resources Ltd. is also pushing into green aluminum, said CEO Mark Hansen.

“Five years ago there was very little discussion or care about the power source of the aluminum smelter,” said Hansen. “Today it is becoming very loud and very relevant.”


read more - https://www.mining.com/web/green-aluminum-c...-desk-near-you/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

Featured Stock Stories





blacksheep
post Posted: Oct 26 2019, 02:36 PM
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Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Oct 26 2019, 02:28 PM

Miners face ‘tsunami’ on environmental, social, governance front
Northern Miner Staff | October 25, 2019

QUOTE
The next generation of mining leaders will arrive with a “tsunami” of environmental, social and governance (ESG) concerns, says Claudia Mueller, associate director of the Global Mining Management program at the Schulich School of Business.

Mueller joined a panel of experts in October to discuss ESG issues at The Northern Miner’s third annual Progressive Mine Forum in Toronto. In recent years, she has seen a “tremendous increase” in questions about ESG from the youth who will run tomorrow’s mining companies.

ESG criteria is a set of operating standards used by socially conscious investors to screen potential investments concerning stewardship of the natural environment, stakeholder management (including local communities, employees and suppliers) and corporate governance (compensation, internal controls, shareholder rights, etc.).

“We have seen a paradigm shift in ESG interest over the last two or three years,” says Sam Pazuki, OceanaGold’s (TSX: OGC) vice-president of investor relations. “Based on our estimates there are about $25 trillion of investments under management, globally, with investors who consider themselves to be socially responsible investors.”


read more - https://www.mining.com/miners-face-tsunami-...vernance-front/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 26 2019, 02:28 PM
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Posts: 6,791
Thanks: 2307


Metals sector in costly battle to turn green
Reuters | October 25, 2019
QUOTE
Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments.

While the transition may prove overwhelming for smaller producers, larger companies are playing a long game, casting ahead to a period where greener technology helps slash their costs.

Sustainability has been a long-standing issue in metals, covering a wide range of issues including corruption, board structure, jobs, communities around mines and mine waste.


QUOTE
Huge investment needed
The metals and mining industry will need around $240 billion of investment over the next decade to produce key base metals and gold, according to consultancy Wood Mackenzie.

More funding, however, is conditional on meeting environmental, social and governance (ESG) guidelines, burdening operators with extra investment.

“You may have to take another 25% to create the right societal engagements and environmental designs,” said Simon Morris, global head of metals at Wood Mackenzie.

“So will investors accept lower returns? I think it’s probably causing a bit of head scratching around the industry in this tug-of-war of priorities,” added Morris, who formerly worked for global miner Rio Tinto plc.

Bigger metals groups have the financial bulk to absorb the higher investment.

BHP Group , the world’s biggest miner, signed four renewable energy contracts earlier this month to supply all its Chilean copper operations from 2021.

But the new contracts came at a price – BHP took a provision of about $780 million related to the cancellation of existing coal contracts.

Such costs are more challenging for smaller companies.

“The problem for these companies is raising sufficient funds to build the mine,” said analyst John Meyer at boutique investment bank SP Angel. “To add another $50 to $100 million to put in a solar power plant is quite difficult.”

Long term cost benefits

In many cases, bringing mines in line with environmental standards is moving hand-in-hand with new technologies that will boost efficiency and cut operating costs in the long term.

Large mining groups like BHP and Anglo American are investing in solar power, automation and water-saving technologies, betting that substantial up-front investment will both burnish their green credentials and raise efficiency.

“Following sustainability goals doesn’t necessarily equate to an increase in costs,” said Rachael Bartels, senior managing director at consultancy Accenture.

Although BHP had to take a big hit to cancel its coal contracts in Chile, the group says the new renewable power contracts, beginning in 2021, will cut energy costs by 20%.

Replacing diesel generators with electric motors in new underground mines could cut upfront costs by about a third because it cuts out ventilators that extract the diesel fumes, a study by EY found.

Anglo American has been testing new mining processing technology in Chile that is expected to lift productivity by as much as a third and could also slash capital costs for new mines.

Capital intensity, ratio of initial capital expenditure to annual production capacity, for new copper mines has tripled over the past 36 years to about $18,000 per tonne, according to Morgan Stanley.

But Anglo’s new technology has the potential to almost slice capital intensity in half below $10,000 a tonne, the bank said in a note.

Anglo declined to release capital intensity figures, but said in an email the new technologies were “game-changers” in terms of both the environmental footprint and costs.

(Additional reporting by Pratima Desai; editing by David Evans)

https://www.mining.com/web/metals-sector-in...-to-turn-green/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 



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