ByKevin Sheekey

Climate of Hope.

The First Trillion is the Hardest: Clean Energy Investment Hits $1.1 Trillion Record, Matching Global Investment in Fossil Fuels

Last year was a double milestone for decarbonizing the world’s energy system: It was the first year when investment in the energy transition equaled global investment in fossil fuels, according to BloombergNEF.

The main milestone from 2022 was the fact that it was the first year when investment in decarbonizing energy surpassed $1 trillion. The year-on-year increase of more than $250 billion from 2021 was the largest jump yet.

Renewable energy and electrified transport reaped most of those dollars, with sales of 10-million-plus electric vehicles globally. Public charging infrastructure also saw an influx of $24 billion, while nearly $23 billion was spent on electric 2- and 3-wheelers. Electric buses got $15 billion, and commercial electric vehicles such as trucks received $8 billion.

The two smallest sectors for investment are also worth noting. Carbon capture received $6.3 billion in 2022 and hydrogen a little over $1 billion. However, both grew significantly in relative terms: Carbon capture investment almost tripled while hydrogen investment more than tripled.


Financial News.

Hiring Tear: Bloomberg LP Plans to Hire 1,000 People This Year While Other Media, Finance and Tech Companies Cut Back

Bloomberg LP is on a hiring tear as it has approved the hiring of 1,000 people this year, according to a staff memo from Vlad Kliatchko, the company’s chief product officer. He said many of the hires would be in data, product, and engineering. Other hires are expected to take place across the financial news and information giant, including news arm Bloomberg News.

The company employs 21,000 people overall, including 7,000 engineers. Mike Bloomberg’s software, data, and media company is known for hiring in downturns, an advantage of being a privately held company.

Read more here. And search open jobs here.

Talk of Wall Street: How a Staffer Who Left a Backup System Running Caused NYSE Mayhem

The New York Stock Exchange said a manual error caused wild price swings, some spanning almost 25 percentage points, and issues with more than 1,300 trades and some 84 stocks when the market opened Tuesday.

The root cause of the issue, which the exchange operator said has been resolved, was tied to the company’s “disaster recovery configuration” at the start of the day. Banks, retailers and industrial companies were among those affected in yesterday’s technical issue, including Wells Fargo, McDonald’s, Walmart and Morgan Stanley.


What I’m Reading.

Standing United: US and Allies to Send Far More Powerful Weapons to Boost Ukraine

President Biden officially announced the US would send Ukraine 31 of its M1 Abrams battle tanks, adding to a German commitment to supply some of its top-line armor and infusing the country with a major new capability as it looks to pry Russian forces from the east.

Britain had earlier committed to send its main battle tank, the Challenger, France is leaving open the possibility of sending its Leclerc tanks and Poland formally requested German authorization to ship Ukraine 14 of its tanks to Ukraine.

ChatGPT Mania: Nvidia to Win Big From AI Chatbot Hype, Wall Street Predicts

Nvidia’s stock has rallied 29% since the start of the year, placing it among the best performers in the S&P 500 Index and the rationale is simple: Nvidia dominates the market for graphics chips designed for complex computing tasks needed to power AI applications like ChatGPT.

Here We Go: Donald Trump Reinstated to Facebook, Instagram After Two-Year Ban

Alarming New Report: One-Quarter of Mass Attackers Driven by Conspiracy Theories or Hateful Ideologies

Following the latest string of mass shootings in the US, the Secret Service published a 60-page report Wednesday detailing trends in mass attacks in public spaces.

Among the findings: Although a personal grievance of some sort was the single most common motive, one-quarter of the attackers studied from 2016 to 2020 were motivated by conspiracy theories or hateful ideologies.

Too Bad: NRA PAC Donations Plummeted Last Year After Failed ‘Red Wave’ and Leadership Trouble

Only 5,300 NRA members gave to the group’s Political Victory Fund last year, down 45% from 2018 and more than 40% from 2020. The slide is all the more stark given that a Democrat who backs stricter gun laws occupies the White House, a situation that has typically benefitted the NRA’s political machine.

Peru Turmoil: Thousands of Antigovernment Protestors Tear-Gassed in Capital After President Calls for Truce

Tourists Quake: Santorini Braces as Explosive Volcano, That Has Been Quiet for 400 Years, Stirs

From New York to the World: London to Get a Slice of the Big Apple with NYC-Style High Line Park in Camden

Nearly 14 years after New York opened its famous elevated park built on railroad tracks on the West Side of Manhattan, London has announced plans for the first section of the Camden Highline. The proposed walkway would occupy a 0.75-mile (1.2-kilometer) section of railroad track, formerly part of the North London Railway, to connect north London’s Camden Town neighborhood with bustling central London’s Kings Cross.


Best of Late Night.

On the nominations for the 95th Academy Awards:

“The film that scored the most nominations was ‘Everything Everywhere All at Once,’ which is up for best picture along with ‘Top Gun,’ ‘Avatar 2,’ ‘Elvis’ and six movies no one has seen, including a movie called ‘Triangle of Sadness,’ which I always thought was a slice of Papa John’s pizza.”
— Jimmy Kimmel

“James Cameron’s ‘Avatar 2’ didn’t get a best director nomination for Cameron, even though his movie was nominated for best picture, which is what you get for making us put on those dumb glasses for four hours.”
— Jimmy Kimmel

“With his nomination for ‘The Fablemans,’ Steven Spielberg extended his record as the only person nominated for best director in six different decades. But what has he done besides that?”
— James Corden

‌”Lady Gaga and Rihanna were nominated for Best Original Song, but Taylor Swift was snubbed. On the bright side, the album Taylor writes about being snubbed at the Oscars will probably win all the Grammys.”
— Jimmy Fallon


About the Sheekey Daily Read

I’m always searching for the stories that shine a light on – and offer solutions to – some of the most pressing issues of our time. I started my daily email to capture and share the stories I think are important. Thanks for reading!
– Kevin Sheekey


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