1) The batteries in electric cars don’t last forever, so therefore they must be replaced from time to time. That leaves defunct batteries which must be disposed of. One company engaged in the recovery and recycling of electric vehicle batteries, as well as other lithium-ion batteries and e-waste, is Redwood Materials run by former Tesla executive Mr. Staubel. Amazon is investing in Redwood Materials as part of Amazon’s $2 billion dollar Climate Pledge Fund. The retail giant Amazon is a major consumer of batteries including its own growing fleet of electric logistics vehicles. In recycling, the company is already recovering most of the metal, lithium, nickel and cobalt from batteries. 2) Some are calling for publicly owned companies to include ‘climate related risks’, since climate change will have a major effect on a companies’ profits and the value of their assets. Therefore, investors want companies to publish these factors in their annual financial reports in accordance to the guide lines from the International Accounting Standards Board. Accounting standards play a key role in calculation of a company’s profits, solvency and remunerate senior executives. Therefore, this information is relevant when judging a company’s likely prospects. 3) Commercial properties in the Asia-Pacific arena is suffering as investors flee the market. Global investors have reduced their spending on commercial real estate in the Asia Pacific area disproportionately compared with other world areas. The total volume of commercial property acquisitions, such as office, retail and hotels, is about 65% of levels in the last two years. The shift is due in part from the Convid-19 crisis. Another fear is the increasing troubles from China across the realm, as China strives to dominate the world by 2050. 4) Stock market closings for – 17 SEP 20: Dow 27,901.98 down 130.40 Nasdaq 10,910.28 down 140.19 S&P 500 3,357.01 down 28.48 10 Year Yield: down at 0.68% Oil: up at $40.96
