This week in charts
The 2020s might be the most volatile period in modern stock market history based on day-to-day change
SPAC Activity in July Reached the Lowest Levels in Five Years
Why invest in nuclear and natural gas?
The world is hungry for energy. Global energy consumption more than doubled between 1971 and 2020, and it’s projected to increase nearly 50% by 2050. It’s clear that we’re going to need a lot more energy than we’re generating now. Some people believe that when we learn to harness new sources of energy, we will stop using our current sources. But that has never been true. Historically, whenever we learned to harness a new energy source, we did not stop using the sources we previously relied on.
Nuclear and natural gas are reliable, affordable, and produce low emissions. They’re not perfect. But their shortcomings are more manageable than the alternatives, and their advantages can’t be beat.
The biggest advantage is that nuclear and natural gas are both extremely reliable sources of power. Nuclear is, in fact, the most reliable of all energy sources.
In addition, both nuclear and natural gas reduce greenhouse gas emissions. Nuclear power plants don’t emit any greenhouse gases or air pollution while operating. And natural gas produces about 50% of the carbon dioxide and just 10% the air pollutants that coal does.
Contrary to what many investors think, the biggest greenhouse gas reductions over the past 15 years haven’t come from increased solar and wind power, but from shifts away from coal and toward natural gas.
This week’s fun finds
EdgePoint shares the pitch with Insigne
To get warmed up for upcoming World Cup, we organized an internal “friendly” between EdgePointers. We happened to meet Toronto FC’s recent signing and Euro 2020 champion, Lorenzo “Il Magnifico" Insigne after the game. He graciously took a picture with us, possibly because he was impressed with the talent he saw displayed.
Welcome to one of the newest Canucks
Congrats to Compliance team member Akhil becoming a Canadian citizen on Wednesday. We’re confident that he’ll keep his promise to faithfully observe the laws of Canada since his daily tasks include helping us follow the rules.
Ranked: The Most and Least Livable Cities in 2022
