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Methane Emissions from Coal Mines Are Higher Than Previously Thought
COLLEGE PARK, Md.-The amount of methane released into the atmosphere as a result of coal mining is likely much higher than previously calculated, according to research presented at the annual meeting of the American Geophysical Union recently.
The study estimates that methane emissions from coal mines are approximately 50 percent higher than previously estimated. The research was done by a team at the U.S. Department of Energy’s Pacific Northwest National Laboratory, the U.S. Environmental Protection Agency and others.
The higher estimate is due mainly to two factors: methane that continues to be emitted from thousands of abandoned mines and the higher methane content in coal seams that are ever deeper, according to chief author Nazar Kholod of PNNL.
Massif Capital On Lithium Americas Corp (LAC)
Massif Capital, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 15.8% was recorded by the fund for the Q4 of 2020, above its MSCI ACWI benchmark that returned 14.68%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Massif Capital, in their Q4 2020 Investor Letter said that they used covered calls to trim their positions in Lithium Americas Corp. (NYSE: LAC) since a covered call is a neutral strategy, the fund can only expect a minor increase or decrease in the short term for the company. Lithium Americas Corp. is the biggest lithium resource development-stage company that currently has a $2.5 billion market cap. For the past 3 months, LAC delivered a massive 125.51% return and settled at $22.38 per share at the closing of January 26th.