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But in a year like 2022 when stocks are down, real assets can suddenly look a lot more attractive to investors. On the other hand, real estate has been a relatively weak performer this year due to its inverse correlation with interest rates. Year-to-date the Lazard Real Assets fund is beating 85% of its peers, down 5.7% versus its category average of a negative 12% return. "It's gone from a second-class in the real estate space to now an integral part of the supply chain," he explained. Finally, in the infrastructure space McGoey highlighted Targa Resources (TRGP) as a key midstream player.
TOKYO (Reuters) -Japan’s machinery orders unexpectedly fell in September in a sign the global economic slowdown and higher import costs are weighing on firms’ capital spending plans. Compared with a year earlier, core orders, which exclude volatile numbers from shipping and electric utilities, grew 2.9% in September, the data found. Manufacturers surveyed by the Cabinet Office are expecting core orders to rise 3.6% in October-December, after a 1.6% drop in the previous quarter. The government downgraded its view on machinery orders for the first time since February, saying the recovery is stalling. The machinery orders data comes a day after figures showed Japan’s economy unexpectedly shrank in the third quarter.
EDP CEO: 'Expect the unexpected' with gas prices
  + stars: | 2022-10-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEDP CEO: 'Expect the unexpected' with gas pricesMiguel Stilwell d'Andrade, CEO of Portuguese electric utilities company EDP, discusses its third quarter results and the turbulent energy market.
Washington, DC CNN —Gas stations with convenience stores seem like an obvious location for electric vehicle chargers. The bipartisan infrastructure bill is providing $7.5 billion to help pay for electric vehicle chargers that could help gradually replace gas pumps. Convenience stores with fuel pumps account for 80% of fuel purchased in the US, according to the industry trade group. Customers charging electric vehicles must stick around longer, so they may be more likely to buy food and other goods. That way the convenience stores aren’t pulling a huge amount of power from the grid at once.
The Reuters Tankan survey separately showed that business confidence at big manufacturers fell to a five-month low, as a double whammy of inflation and slowing global growth hurt the trade-reliant economy. Core orders, a highly volatile data series regarded as barometer of capital expenditure in the coming six to nine months, fell 5.8% in August from the previous month, Cabinet Office data showed. Compared with a year earlier, core orders, which exclude volatile numbers from shipping and electric utilities, rose 9.7% in August, the data found. By sector, orders from manufacturers advanced 10.2% from the previous month, lifted by a large-size order for a nuclear motor in the non-ferrous metals sub-sector, while orders from the non-manufacturers shrank 21.4%. Register now for FREE unlimited access to Reuters.com RegisterReporting by Daniel Leussink and Tetsushi Kajimoto Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
Sen. Dianne Feinstein, a California Democrat, told young climate activists in 2019, "You didn't vote for me." AP Photo/Gemunu AmarasingheBut most policy debates aren't genuinely existential in the way climate change is. "Younger Democrats tend to have a much more friendly relationship and response to the party's activist class than older Democrats do." Fossil-fuel interests have played a central role in stymieing progress on climate change for decades. Nearly a decade later, Trump ran for and won the presidency — with Gingrich's early and staunch support — while calling climate change a "hoax."
The emissions were equal to the annual greenhouse gas emissions of more than 59,000 automobiles, according to the EPA’s greenhouse gas equivalency calculator. Under such a scenario Duke Energy would likely have years of low emissions punctuated by a single year of high emissions. While other utilities have participated for decades in a voluntary program with the EPA to reduce SF6 emissions to next to nothing, Duke Energy has not. Brooks said Duke Energy is also targeting its most leaky equipment for faster replacement. The figure is roughly half of 1% of all greenhouse gas emissions worldwide, far smaller than yearly emissions of carbon dioxide, the primary driver of climate change.
PG&E's Tesla battery facility catches fire in California
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Lucy Nicholson/File PhotoSept 20 (Reuters) - A fire outbreak at PG&E Corp's (PCG.N) energy storage facility on Tuesday that uses battery packs made by Tesla Inc (TSLA.O) has shut down part of Highway 1 in California. This came about a year after another fire broke out in a Tesla's "Megapack" battery unit in Australia during testing of one of the world's biggest energy storage projects. read morePower producer PG&E said it was working with firefighters to stop the fire from spreading at the California facility, which is one of the biggest utility-owned, lithium-ion battery energy storage systems in the world. Tesla last year broke ground on its factory in Lathrop, California, to produce its large-scale, utility storage battery unit Megapack. PG&E in April announced the commissioning of its 182.5-megawatt (MW) Tesla Megapack battery energy storage system (BESS) – known as the Elkhorn Battery – located at its Moss Landing electric substation in Monterey County.
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