Switzer Daily
26 April 2021
Like it or
not but with the election of US President Joe Biden, the Greenies are coming
and the stock market won’t be able to ignore the implications. Today in our 5
things you should know, two of our top stories are about the environmental
‘police’ on the prowl for climate bandits!
First we
saw Joe Biden get so serious about fighting climate change that he’s prepared
to hit exports from other countries with a carbon tax, which the European Union
also endorses. And then the Australian Council of Superannuation Investors (ACSI) put our top
200 companies on the local stock exchange on notice over their climate
Cash For Trash In Listed Waste Management
Listed waste management options that are not rubbish
By Tim Boreham, Editor, The New Criterion
Not for the first time, the listed waste management sector is in the throes of ownership upheaval as investors await the fallout from this month’s proposed $20bn merger of the French-based giants Veolia Group and Suez Group.
The outcome has direct implications for the largest ASX listed waste manager,
Cleanaway Waste Management ((CWY)).
In the meantime skip operator
Bingo Industries ((BIN)) is subject to a tentative $2.5bn buyout offer from private equity group CPE Capital.
Whatever the outcome of these corporate plays, investors need to take a broader stance on gaining exposure to a sector that’s more about recycling and energy co-generation than chucking stuff on to tips (sorry, waste transfer stations).
Switzer Daily
23 April 2021
US
president Joe Biden has hosted a global Earth Day Summit and in his speech to
the climate change pow-wow our Prime Minister Scott Morrison has embraced the
idea of zero emissions, but he’s decided to dump the “when” for the “how”.
The
headlines around the PM’s contribution must have some of us wondering, has he
turned into a Greenie?
Looking at
his “when” rather than “how” speech, it was a clever and innovative approach.
Let’s face it, we’ve had time deadlines
for decades from big promising politicians on carbon emissions and maybe ScoMo
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