Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Barnyrubble, the basis of my comment is from an extensive study by Professor John P A Ioannidis of Stanford University (US), and which was “Accepted: 15 September 2020 & Published online: 14 October 2020” by the World Health Organization; “Across 51 locations, the median COVID-19 infection fatality rate (IFR*) was 0.27% (corrected 0.23%)”; https://www.who.int/bulletin/volumes/99/1/20-265892.pdf
*The IFR for the common flu is 0.1% in a normal year, and which increases to 0.2%-0.3% in a ‘bad’ flu season.
On 26 March 2021, the same professor updated his study / findings and stated that “the available evidence suggests average global IFR of ~0.15%”; https://onlinelibrary.wiley.com/doi/10.1111/eci.13554
Hence, my original comment “There’s never really been a ‘pandemic’ per se”, and which itself was in response to a post pertaining to possible future fortunes here being linked to ongoing restrictions.
If you have an issue with “PATHETIC, STUPID, NIEVE and IRRESPONSIBLE” data, I’d start by taking it up with the World Health Organization who accepted and published it.
As far as AO is concerned, surprised by the lacklustre response so far. I have heard reference to the staff bonus scheme in place having a couple of levels – though cannot confirm this – the highest of which needing a share price in excess of £11…
There’s never really been a ‘pandemic’ per se; C19 has an infection fatality ratio (IFR) of 0.15% compared to the common flu’s 0.1% IFR - ie 2 deaths for every 2000 who have the flu, whereas this figure increases to 3 deaths for every 2000 C19 infections; essentially no difference between the two… The variants (genomes) are less than 0.3% difference to original genome and should pose no issues to the various jabs.
I’m interested here for potential (rumoured?) European expansion, as opposed to any further shutdowns, which are not warranted on any level and which, as has been proven across the globe, simply do not work.
Gosia, I think it is standard stuff; MCLS had similar in their AGM Statement, and they’ve only got about 64p spare at the mo; https://www.lse.co.uk/rns/MCLS/result-of-agm-i3n9cbddiqi229z.html
This is worth a watch; 6 mins in: https://www.**********.co.uk/articles/q-a-with-james-thorne-fund-manager-at-columbia-threadneedle--54271d3/
Also, in the past 2 weeks or so, the shorts appear to have reduced by 20%; https://shorttracker.co.uk/company/GB00BYQ0HV16/
Don’t think so; the same thing was in last year’s plus they don’t appear to have the readies spare.
This is a re-introduction – the last one ‘died’ with the previous Congress. Far from enacted but a further step in the right direction; perhaps also adding some background to the recent director purchases??
“Sen. Sheldon Whitehouse, D-R.I., on 13 May 2021 introduced the Sustainable Aviation Fuel Act, which aims to incentivize the production of sustainable aviation fuel (SAF)…… the bill includes tax credits to support SAF. It would establish a new blenders tax credit for SAF between $1.50 and $1.75 per gallon, depending on the fuel’s greenhouse gas (GHG) reduction”
http://www.biodieselmagazine.com/articles/2517556/whitehouse-introduces-sustainable-aviation-fuel-act
Track it here; https://www.govtrack.us/congress/bills/117/hr741
And support of sorts from HMQ:
"My Government will invest in new green industries to create jobs, while protecting the environment. The United Kingdom is committed to achieving net zero greenhouse gas emissions by 2050 and will continue to lead the way internationally by hosting the COP26 Summit in Glasgow. Legislation will set binding environmental targets [Environment Bill]".
The entire west coast of north America is / has now adopted a “Clean Fuel Standard”. The one for Canada includes reference to “CFS credit revenues” and states “…the final regulations are expected to be published in the Canada Gazette, Part II at the end of 2021. Credits can be created as of the date of registration of the final regulations”; ie this also appears to tie in with the COP26 (Nov 2021).
https://gowlingwlg.com/en/insights-resources/articles/2021/canadian-clean-fuel-regulations/
In the meantime, and a bit leftfield, but might be worth keeping half an eye on the ongoing Arizona election audit in the US. If fraud is found, it looks like other states will follow (Michigan, New Hampshire, etc). Potentially, this could have a bearing on the likes of Biden’s proposed SAF blenders tax, any mandates from the WEF (Trump wasn’t a fan of the WEF), etc.
30 April 2021 - CAPA Live: BA CEO Sean Doyle:
“But within that framework, then, you've got near term opportunities, of which sustainable aviation fuel is very credible. We've committed to a supply agreement with LanzaJet. We're committed to a joint venture to develop a SAF plant up in Humberside with Velocys. We're pushing the UK government to support that through the Jet Zero Council."
https://centreforaviation.com/analysis/reports/capa-live-ba-ceo-sean-doyle---well-come-out-the-other-end-559303
100% agree Fern; it stood out somewhat.
Last day of the conference today Spot; you might need to take up a new hobby tomorrow! I’ve tried the likes of golf, cycling, etc, but find drinking is quite good.
Re the ‘the right legislative and financial environment’, The Made In America Tax Plan that was just submitted / proposed (April 2021) included “Finally, the President’s plan includes a blender’s tax credit for sustainable aviation fuel, enabling the decarbonization of a key portion of the U.S. transportation sector” (page 16 of the 19), and which is believed to be up to $2 a gallon.
https://home.treasury.gov/system/files/136/MadeInAmericaTaxPlan_Report.pdf
The recent IAG announcement re “With the right policy in place in the next ten years up to 14 plants could be built across the UK”. LanzaJet are presently planning ONE large scale plant in the UK.
If you get money off councils for taking their non-recyclable waste (does anybody know the current rate; £96.70 p/t?? https://www.letsrecycle.com/prices/efw-landfill-rdf-2/) and a global blenders tax around £1-1.50, could the other mooted 13 plants all be VLS / BA plants??
27 April 2021 “A carbon price of $252 could make some fuel competitive……high production costs make SAF between 2.5 and 8 times more expensive than conventional jet fuel……The lowest carbon price was for gasification + Fischer Tropsch, at $252 per ton of CO2”.
https://about.bnef.com/blog/sustainable-jet-fuels-need-high-carbon-price-to-compete/
Neville Hargreaves and TRI speaking here tomorrow.
29th European Biomass Conference & Exhibition 26-29 April 2021: "implementing advanced gasification commercially as part of an integrated approach to sustainable aviation fuels from biomass and waste" (Page 31)
https://www.eubce.com/wp-content/uploads/2021/04/Detailed-Conference-Programme.pdf
Are you Rafael Benitez?
“But I want to talk about facts. I want to be clear, I do not want to play mind games too early, although they seem to want to start. But I have seen some facts.”
https://www.theguardian.com/football/2009/jan/09/rafael-benitez-alex-ferguson-outburst
Depends on how you look at matters Expat; does it read 13 VLS / BA plants in the UK to the one 1 large scale LJ / BA plant?
IAG “…With the right policy in place in the next ten years up to 14 plants could be built across the UK”.
BA announcement with LanzaJet 9 Feb 2021 “BA is investing in LanzaJet as the company builds its first commercial scale plant in Georgia, USA. BA will purchase SAF from LanzaJet’s US plant to power a number of the airline’s flights from late 2022. Deal also involves LanzaJet conducting early stage planning for a (ie singular) potential large scale commercial SAF biorefinery in the UK”; https://mediacentre.britishairways.com/pressrelease/details/86/0/12796
sense, Enzygo previously tweeted about the planning application (May / June 2020) but from my enquiries of t’internet, I cannot see that they have previously published anything themselves?
The end of their piece includes “Additional funding will still be required to get to full construction stage but this was given a boost in March 2021 (ie recent) when the UK government launched a £15 million competition to develop UK facilities which convert household waste into aircraft fuel”.
Have they just updated a previously compiled piece? Or is there a particular reason why that piece was published on 6 April 2021?
Good 'hearing' sensetalka!
6 April 2021 – “The World Economic Forum has just recently backed sustainable aviation fuel as the most promising decarbonation policy for the airline industry. With research confirming that aviation is one now of the fastest-growing sources of greenhouse gas emissions, a solution comes in the shape of the UK’s first waste-to-jet fuel plant, and for which planning consent was won by Enzygo for its client, Velocys.”
https://www.enzygo.com/enzygo-secures-planning-permission-waste-to-jet-fuel/
20 April 2021: “The reform of the EU Energy Taxation Directive, to be proposed in June, will target tax breaks for fossil fuels and will instead provide incentives for clean energy, officials said Tuesday at a European Commission green taxation seminar”.
https://news.bloombergtax.com/daily-tax-report/eu-to-push-for-aviation-shipping-fuel-taxes
Nowt specific but VLS now commenting upon the new emissions target:
“New UK emissions target includes international aviation for first time…
Altalto, the UK’s first SAF facility being developed by Velocys and British Airways in North East Lincolnshire, is one such example of the innovative projects that will be required to bring about this progress…
Velocys SAF technology, alongside others, will be key to driving down not only UK but also international aviation emissions in the years ahead”
https://www.velocys.com/2021/04/21/new-uk-emissions-target-includes-international-aviation-for-first-time/
19 April 2021 - “Plan To Fly Into COP26 On "Green Fuel" Planes.
Johnson and other global leaders will be flown into the COP26 climate change conference on “green” flights as part of plans to make the event as carbon neutral as possible.
The travel proposal seen by PoliticsHome has been worked on by Whitehall staff and aviation experts for months and it could form the centre-piece of the Prime Minister’s personal call for greater action on climate change”
https://www.politicshome.com/news/article/exclusive-pm-plans-to-fly-into-cop26-on-green-fuel-plane
Did some dummy sells yesterday and today and it is possible to sell a chunk; someone happy to take them?
The aviation industry ‘wants’ it; just down to the governments now to agree terms (inc’ credits) and to rubber stamp matters:
Thursday, 15 April 2021
Aviation Industry Announces Establishment of the “Council on Sustainable Aviation Fuels Accountability. The aviation industry announced that they are establishing the Council on Sustainable Aviation Fuels Accountability (CoSAFA), which is intended to accelerate the industry’s movement toward further decarbonizing aviation and increasing the adoption of sustainable aviation fuels (SAF)……All of these organizations recognize the scale-up of SAF production will be enabled by…and the appropriate accounting or claiming of environmental benefits”.
https://www.nata.aero/pressrelease/aviation-industry-announces-establishment-of-the-%E2%80%9Ccouncil-on-sustainable-aviation-fuels-accountability%E2%80%9D