Two of the hottest sectors in the ESG revolution right now are hydrogen and absolutely anything that ties into the $5 trillion global transportation industry.

Investors are piling into hydrogen – a potential solution for a clean energy future – and it’s now predicted to become an $11-trillion marketplace by 2050.

It simultaneously compliments and competes with the explosively growing EV sector, where Tesla (NASDAQ:TSLA) is predicted to be on track to become a $1-trillion company, or even $2 trillion, by some estimations, up from its current $400 billion.

The profound transportation revolution that’s unfolding at the moment has so many verticals, it’s dizzying.

From a mad scramble to get out more vehicles and steal market share, to battery battles, the race for the best charging solution, carbon-offset ride-sharing and landmark EV car subscription services…. a lot is at stake floating around this huge space.

A massive $250 billion is … Read the rest

Good morning, Broadsheet readers! Kamala Harris’s move to VP leaves the Senate with zero Black women, Australia debates the ‘manterruption,’ and Anne Boden is not your average fintech entrepreneur. Have a thoughtful Thursday.

– ‘I was prepared to fail.’ Anne Boden knows she is not who you imagine when you think of a fintech entrepreneur.

“I’m a woman. I’m 5ft tall. I’m Welsh. I’m middle-aged. I’m from a very ordinary background and I’m the sort of person who’ll chat to somebody in the ladies [room]!” she says.

But that didn’t stop her. “I’d reached the stage where I was prepared to fail,” she says. “I was 54 and confident enough not to care if somebody said I was stupid.”

Boden founded Starling, the branchless U.K. bank that now has 1.8 million customer accounts and a staff of more than 1,000. She recently talked to the Guardian about her … Read the rest

(Bloomberg) — Now it’s Moderna Inc.’s time to be in the spotlight.The same U.S. explosion of Covid-19 cases that helped Pfizer Inc. get results for its vaccine trial earlier this week is helping speed along Moderna’s trial. Moderna said Wednesday its study has accumulated more than 53 infections, allowing a preliminary analysis of the shot’s effectiveness to begin. The shares jumped.Moderna didn’t predict how long it could take an independent monitoring committee to analyze the data, but said the company could get the data to the committee within days. The company said it is still blinded to the data.“Moderna has seen a significant increase in the rate of case identification across sites in the last week,” the company said in a statement. “As a result, the company expects the first interim analysis will include substantially more than 53 cases, the targeted trigger point for the analysis.”The preliminary data on Moderna’s … Read the rest

It has never been clearer to me that the way out of this Covid crisis is by properly supporting apprenticeships, but the Government is failing in this by every measure.

To say I was disappointed to read that the number of apprenticeships has plummeted to its lowest level in 10 years is an understatement.

We are literally back where we started when I worked with David Cameron and George Osborne to change the way people thought about apprenticeships.

Boris and Co need to get a grip quickly and push training schemes to the head of their thinking while shifting focus from this misty-eyed obsession with bailing out boozers and restaurants, many of which will go to the wall anyway.

It’s a deeply personal matter for me, obviously. Having started out as an apprentice myself I know the fantastic opportunities it gave me – and countless others.

Now, it’s frustrating to … Read the rest

Futures for equities in Canada’s largest market rose on Wednesday, as oil prices climbed more than 3% on hopes of a working COVID-19 vaccine and a steeper-than-expected fall in U.S. crude stockpile.

The TSX ended Tuesday up 139.51 points Tuesday to 16,615.37.

The Canadian dollar sank 0.21 cents Wednesday at 76.53 cents U.S.

December futures rose 0.8% Wednesday.

Great Canadian Gaming said on Tuesday that Apollo Global Management would acquire the company for about $2.16 billion through funds managed by its affiliates.

CIBC raised the target price on Leon’s Furniture to $21.50 from $17.00

CIBC cut the target price on Morguard Corp. to $175.00 from $195.00

CIBC raised the target price on Osisko Gold Royalties to outperform from neutral.

ON BAYSTREET

The TSX Venture Exchange dipped 7.44 points, or 1%, Tuesday to 728.16.

ON WALLSTREET

U.S. equity futures rose on Wednesday with the Dow Jones Industrial average set to gain … Read the rest

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Charles Law found the prospect of looking for a job daunting. After more than 38 years in the U.S. Air Force Reserve and then on active duty, Law, now a master sergeant, was retiring and looking for work in the civilian world. But it had been 19 years since he’d last searched for a job outside the military.

“It was kind of scary,” Law says of his employment search. “First trying to decide what it is that I wanted to do next and then having to deal with the civilian sector after having been attached to the military for so long.”

Law says he found the jargon used by corporate employers confusing. “The terminology and lingo is just not the same,” he says. “And trying to get … Read the rest

(Bloomberg) — One after another, some of the most embattled names in corporate America are racing to raise easy money while they can.With the coronavirus surging anew across the nation, two prominent companies in the stricken travel industry — American Airlines Group Inc. and Carnival Corp. — outlined plans Tuesday to sell stock. Meantime, in the junk bond market, corporations with weak credit ratings are hurrying to lock in today’s ultra-low interest rates.The rush underscores the angst gripping many companies even as global investors drive financial markets to giddy heights. With reduced odds for a large stimulus package, companies looking for money to tide them through the crisis are riding an election rally and progress toward a vaccine that could end the pandemic. Traders also cheered the prospect of a split Congress that may limit regulatory changes and tax increases. But it could be a short reprieve, with President-elect Joe … Read the rest

The European Commission has charged Amazon with breaking competition rules, accusing it of abusing its dominant position in online retail.

It said the tech firm used data on third-party sellers that use its marketplace to gain an advantage.

It also launched a fresh investigation into the possible preferential treatment of sellers that use Amazon’s logistics and delivery services.

Amazon rejected the charges, saying it offered consumers more not less choice.

In a statement, the EU’s Competition Commissioner Margrethe Vestager said it was vital that platforms with “market power” such as Amazon did not “distort competition”.

“Data on the activity of third party sellers should not be used to the benefit of Amazon when it acts as a competitor to these sellers,” she added.

“With e-commerce booming, and Amazon being the leading e-commerce platform, a fair and undistorted access to consumers online is important for all sellers.”

The European Commission has … Read the rest

Uber and Lyft were the first to disrupt the $8 trillion global transportation industry by making car ownership less necessary and with the ride-hailing industry now worth $60 billion and on track to top $85 billion by 2023, the transportation revolution is well underway.

But Uber and Lyft can’t finish what they started.

Their business models are broken. They’ve failed to grasp the enormity of the parallel revolution in ESG, or “impact” investing.

And this is where the disruptors become the disrupted.

A startup that launched in late 2019 in Canada is pushing aggressively into the United States, and it’s not just challenging Uber and Lyft—it’s challenging the entire auto industry by taking the ride-sharing revolution to the next level.

The company is Facedrive (TSXV:FD,OTC:FDVRF) and it’s not only the first in the world to offer a carbon-offset ride-sharing solution that Big ESG Money loves …

It’s also planning to … Read the rest

Good morning, Broadsheet readers! A little-known Trump appointee controls some parts of the presidential transition, IMF chief economist Gita Gopinath gets a Vogue India cover, and the Biden-Harris administration starts to take shape. Have a restful Tuesday.

– The 5 women advising Biden on COVID. U.S. President-elect Joe Biden has vowed to seek a Cabinet that “looks like America.” And just days after he won the 2020 presidential contest, we’re getting an idea of who might be among his top advisors.

Yesterday, Biden announced his coronavirus task force, and the makeup of the 13-member group mostly meets the President-elect’s diversity pledge. As Fortune‘s Maria Aspan reports, 69% of the doctors and health experts named as advisors are Black, Latinx, Asian, or from other underrepresented groups. Thirty-eight percent are female. Marcella Nunez-Smith, the associate dean for health equity research at the Yale School of Medicine and a doctor … Read the rest