“The real surprise from the OECD’s subsidy numbers is that it cost China less than $18bn in sectoral support over 15 years to build an industry that can now provide more clean power than the world can readily absorb.”
From Axios: "As charts expert Matt Cerminaro (a.k.a. "Chart Kid Matt") noted Friday, the S&P 500 was down more than 2%, even though the majority of stocks in the index were actually up on the day.
The last time that happened? April 12, 2000, as the dot-com bubble was collapsing."
@boehmerB Being dependent on one commodity has its perils. Oil prices fell by 70% from their peak of $114 per barrel in June 2014 to a low of $27 per barrel in January 2016. This crash was primarily triggered by the U.S. shale oil boom flooding the market and a shift in OPEC policy.
@mikalskuterud@CdnChamberofCom@acoyne The performance of major stock indexes has been condensed around a limited number of large tech stocks. No fiduciary is going to allow their portfolios to be so concentrated. You might level your criticism at their investments in private equity and private credit though.
For the fiscal year ending in 1954, the Canadian government provided CA $19.6 million (equivalent to CA $225 million in 2025 values) specifically for research and development to maintain and operate the Chalk River facilities that launched the CANDU nuclear reactor.
@Sean_Speer For the fiscal year ending in 1954, the Canadian government provided CA $19.6 million (equivalent to CA $225 million in 2025 values) specifically for research and development to maintain and operate the Chalk River facilities that launched the CANDU nuclear reactor.
@billdinYEG The Super El Niño predicted for 2027 will shift the narrative to why didn't we start to abate carbon emissions 50 years ago when climate science predicted the global warming that now afflicts us.