Cows, like all living mammals, produce greenhouse gases, which could threaten their existence.
According to the Telegraph, Ireland is considering killing 200,000 cows in the country to meet European Union climate targets.
Not everyone is a fan of this method.
“Reports like this only fuel the idea that the government is working behind the scenes to undermine our dairy and livestock sectors,” said Tim Cullinan, president of the Irish Farmers’ Association.
It also caught the eye of Tesla Inc. CEO Elon Musk.
“This really needs to stop. Killing cows doesn’t matter for climate change,” he wrote in a tweet.
Climate change is an urgent global issue that needs immediate attention, but instead of slaughtering cattle, there are alternative approaches to address this challenge. Here’s a look at three green actions that are actively tackling the problem.
Tesla Inc. (NASDAQ: TSLA)
According to the United States Environmental Protection Agency (EPA), 28% of the United States’ greenhouse gas emissions in 2021 came from the transportation sector – and in particular from the burning of fossil fuels for cars, trucks, ships, trains and planes.
The EPA estimates that a typical passenger vehicle emits approximately 4.6 metric tons of carbon dioxide per year.
Tesla is helping solve the problem by producing electric vehicles (EVs), which have no tailpipe emissions.
The company has a huge impact. In the first quarter of 2023, it delivered 422,875 vehicles, representing a 36% year-on-year increase.
Tesla has been one of the most volatile names in the stock market. Stocks fell 65% in 2022, but rose 104% in 2023.
First Solar Inc. (NASDAQ: FSLR)
Solar energy can play an important role in reducing greenhouse gas emissions. One reason is that it produces zero emissions during the power generation process. And according to the United Nations, life cycle assessments of solar power “clearly demonstrate that it has a lower ‘cradle-to-grave’ carbon footprint than fossil fuels.”
First Solar’s solutions help humans harness the power of the sun. The company produces solar panels, including those used in large-scale solar power plants.
The company had net sales of $548 million in the first quarter of 2023. For the full year, net sales are expected to be between $3.4 billion and $3.6 billion.
The stock market has seen a choppy ride over the past year, but First Solar investors probably aren’t complaining. Over the past 12 months, stocks have jumped more than 170%.
Nextera Energy Partners LP (NYSE:NEP)
NextEra Energy Partners was formed by energy company NextEra Energy Inc. (NYSE:NEE) to own, manage and acquire clean energy projects that generate steady cash flow.
Today, NextEra Energy Partners’ portfolio holds interests in wind, solar and energy storage projects in the United States, as well as natural gas infrastructure assets in Texas and Pennsylvania.
Because natural gas is not considered a renewable energy source, NextEra Energy Partners is not pure-play renewable energy. But he recently announced his intention to become one.
“To lead this transition, we are initiating a process to sell our natural gas pipeline assets and are suspending the incentive distribution rights fee to NextEra Energy through 2026,” said John Ketchum, President and CEO of NextEra Energy Partners, in a press release. .
The partnership is also distinguished by its cash payout to investors.
NextEra Energy Partners currently pays quarterly distributions of 84.25 cents per share, giving the stock an annual yield of 5.4%. Management expects to grow the payout per unit by 12% to 15% per year until at least 2026, although it mentioned that given the current capital market environment, the rate of growth is likely to be “at or near the lower end of this range”.
NextEra Energy Partners stock is down about 19% over the past 12 months. If you like supersized dividends but aren’t a fan of the volatility associated with publicly traded companies, you might want to look into reliable earnings games outside of the stock market.
Image: Generated with AI using MidJourney
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This article ‘It really has to stop’: Elon Musk just criticized Ireland’s plans to cull 200,000 cows for climate change
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