Bitcoin, Weed and Earnings Calls
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Bitcoin, Weed and Earnings Calls
‘Green Bitcoin Mining’: The Big Profits In Clean Crypto - Bitcoin is infamous for wasting enough electricity to add 40 million tons of carbon dioxide to the atmosphere a year—but now, a growing cadre of U.S. miners are developing green, and lucrative, new strategies worth a fortune all their own.
Marijuana has never been more popular in the U.S. — and its carbon emissions have never posed a bigger threat to the climate. America’s patchwork approach to legalizing weed has helped make cannabis cultivation one of the most energy-intensive crops in the nation. And as states increasingly embrace marijuana, a growing source of greenhouse gases is going essentially unnoticed by climate hawks on Capitol Hill.
Climate change becomes key theme in Q2 corporate earning calls - Corporate action to tackle climate change ranked among the top themes on S&P 500 companies’ Q2 earnings calls. Why it matters: July was the hottest month on record. Last week’s UN-sponsored climate report projected the Earth will potentially cross a crucial temperature threshold less than a decade from now. The big picture: “For corporates, meeting ESG demands from investors is becoming an increasingly formidable task, requiring sustainability reports and additional ESG headcount,” Goldman Sachs strategist David Kostin writes.