Point Roberts WA, Delta BC, February 4, 2020 – (Investorideas.com Newswire )-Investorideas.com, a
global news source and leading investor resource covering cleantech and
renewable energy stocks (Renewableenergystocks.com) issues today’s edition of the Cleantech and Climate Change Podcast, talking about today's problems and solutions for the future.
Listen to the Podcast:
Read this in full at https://www.investorideas.com/news/2020/cleantech-climatechange/02041TSLA-TECK.asp
Transcript/overview:
Stocks mentioned : Tesla (NASDAQ:TSLA), Panasonic (OTC: PCRFY) Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK), AES
Corporation (NYSE: AES)
Note all prices are as of the close of market Monday February 3, 2020
Years ago, I did not think that I would be covering
both Tesla (NASDAQ:TSLA) and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) in a cleantech
podcast. The times they are a changing – and a long time coming; for the
better.
Electric car maker Tesla (NASDAQ:TSLA) took the market by storm closing at
$780.00, up a jaw dropping $129.43 or (+19.89%). Elon Musk is smiling somewhere
saying ‘how do you like them apples?’
With a flurry of
headlines out under their symbol like “Super Bowl 2020 ads pushed electric vehicles like never
before,” “Is Tesla on Track to Join the Elite S&P 500 Index
This Year?” and
“Tesla Gains Most Since 2013 on Panasonic Profit,
Bullish Target” it’s no wonder he’s smiling- and so are
all the investors that have gone along for the ride.
A perfect storm of
analyst upgrades, reports of Baillie Gifford & Co, (Tesla’s largest
stakeholder after CEO Elon Musk), increasing his ownership and news from Panasonic (OTC: PCRFY) reporting a 3% rise in third-quarter
operating profit, in part due to cost cuts and success with its joint battery business with Tesla, (Panasonic
closed up on the OTC at $10.61+0.64 (+6.42%) haven’t hurt either.
Senior Research
Analyst Bill Selesky at Argus Research moved his firm's target price for Tesla
to $808, up from his previous target of $556.
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) and The AES
Corporation (NYSE: AES) announced
today that their Chilean affiliates, Compañía Minera Teck Quebrada Blanca S.A.
("CMTQB") and AES Gener S.A (AES Gener), have entered into a
long-term power purchase agreement for the Quebrada Blanca Phase 2 copper
project ("QB2") in Chile, enabling the transition to renewable energy
for approximately half the power required for operation of QB2.
Under this arrangement, CMTQB will source 118
Megawatts (MW) for Quebrada Blanca Phase 2 from AES Gener’s growing renewable
portfolio of wind, solar and hydroelectric energy, in addition to the 21 MW of
solar power already contracted from AES Gener. Once effective, more than 50% of
QB2’s total operating power needs are expected to be from renewable sources.
The transition to renewable power will replace
QB2’s previous fossil fuel power sources which will avoid approximately 800,000
tonnes of greenhouse gas (GHG) emissions annually. That is equivalent to the
emissions of about 170,000 combustion engine passenger vehicles – equal to
permanently parking more than half of all the cars in the City of Vancouver or
all the cars in the Tarapacá Region of Chile where QB2 is located.
“Switching to renewable power for QB2 is part of
Teck’s ongoing work to reduce emissions, achieve carbon neutrality across our
business, and support global action on climate change,” said Don Lindsay,
President and CEO of Teck. “This agreement secures reliable, long-term power
for our major copper growth project at no additional cost, while helping to
reduce our environmental footprint. We will continue to explore further
opportunities to increase the use of renewable energy as part of Teck’s ongoing
focus on decarbonisation.”
They also reported,”As part of our
commitment to climate action and responsible resource development, Teck
Resources Limited announces an objective to be carbon neutral across all
operations and activities by 2050.”
"Setting the objective to be carbon neutral by 2050
is an important step forward in our commitment to reducing emissions and taking
action on climate change," said Don Lindsay, President and CEO.
"Climate change is a global challenge that our company and our industry
need to contribute to solving. We will pursue the technologies and measures
necessary to reduce carbon emissions across our business, while continuing to responsibly
provide the metals and minerals necessary for the world's transition to a
low-carbon economy."
Teck Resources closed up slightly at $12.95+$0.04 (+0.31%) on the NYSE.
So for investors that are already investing in
renewable energy, it’s a major milestone
to see the mining industry making commitments to transition into a cleaner way
of operating.
As far as Tesla goes – apparently the road to
greener days is being paved for investors that believed in Elon Musks’
dream. Ride on, ride on, ride on….
If you would like to be a guest on this podcast and
tell your story please call me at 800 665 0411
For investors following fuel cell stocks we do have
a directory of publicly traded stocks – visit https://www.investorideas.com/membership/ to learn
more
Thanks, that’s it for today. Do something good for this beautiful planet
each and every day.
Podcast host: Dawn Van Zant
The Investorideas.com podcasts are also available
on iTunes, Spotify, Tunein, Sticher, Spreaker.com, iHeart.com and Google Play
Music.
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