Bridgewater Says Spending on Green Energy Is Less Inflationary (Bloomberg)
Governments should subsidize green technologies and infrastructure to combat climate change, with such investments putting less upward pressure on prices than alternatives including carbon taxes, according to Bridgewater Associates, the world’s largest hedge fund. Tax credits and other fiscal support for things such as renewable power and electric vehicles would be less inflationary than levies that would raise energy prices, Bridgewater said. Carbon taxes also can exacerbate income equality because lower- and middle-income households spend a larger portion of their income on energy, according to the Westport, Connecticut-based firm, which manages $150 billion.
Climate Crisis Remains Investors’ Top ESG Issue in 2022 (Preqin)
Pollution, waste management, and natural disasters prove to be the most enduring ESG concerns as 2022 unfolds. As environmental, social, and governance (ESG) considerations continue to engage alternative investment managers and investors alike, climate change again sits atop investors’ concerns. Following another year of rising global temperatures and increasingly frequent and severe natural disasters, the threat climate change poses to the quality of human life has grown more apparent. However, the specter of stranded or obsolete assets weighs heavy on investors’ minds as regulatory initiatives geared towards sustainability support ESG-minded companies and clean technologies.
Tuesday 3/15 Insider Buying Report: COTY, AMN (Nasdaq.com)
At Coty, a filing with the SEC revealed that on Friday, Chief Executive Officer Sue Nabi bought 304,786 shares of COTY, for a cost of $8.29 each, for a total investment of $2.53M. Coty, is trading up about 5% on the day Tuesday. And at AMN Healthcare Services, there was insider buying on Friday, by CFO/CAO Jeffrey R. Knudson who purchased 5,360 shares at a cost of $93.30 each, for a trade totaling $500,087. This buy marks the first one filed by Knudson in the past twelve months. AMN Healthcare Services is trading up about 4.3% on the day Tuesday. So far Knudson is in the green, up about 7.2% on their buy based on today’s trading high of $100.00.
Executives Buy More Than $1.5B Of 3 Stocks (Benzinga)
Occidental Petroleum: The Trade: Occidental Petroleum Corporation OXY 10% owner Warren E Buffett acquired a total of 27,107,389 shares at an average price of $56.60. To acquire these shares, it cost around $1.53 billion. Berkeley Lights: The Trade: Berkeley Lights, Inc. BLI Director Jessica Hopfield acquired a total of 80,000 shares at an average price of $6.28. To acquire these shares, it cost around $502.4 thousand. ShotSpotter: The Trade: ShotSpotter, Inc. (SSTI) Director Randall Hawks bought a total of 6,695 shares at an average price of $29.82. To acquire these shares, it cost around $199.64 thousand.
Insider Weekends: Harold Hamm Purchases $20 Million Worth Of Continental Resources (Seeking Alpha)
Given the hit to supply from sanctions on Russia, domestic crude producers like Continental Resources and Diamondback Energy are uniquely positioned to benefit from higher WTI crude prices. Harold Hamm purchased $20 million of Continental Resources last week. Other interesting insider purchases last week included independent director Michael Maroone’s purchase of Carvana and President Michael Greenberg’s purchase of Skechers.
