Waste management deserves a look. The company is turning a harmful greenhouse gas into a renewable fuel. Landfills produce an enormous amount of greenhouse gas emissions as organic waste like food scraps, wood, and paper decompose and produce methane. They released an estimated 16.8% of the country's methane emissions in 2020. Methane vented into the atmosphere is a greater contributor to climate change than carbon dioxide emissions. One of the companies quietly working to solve this problem is leading landfill owner WM (WM 1.91%), formerly Waste Management. The collections and recycling company is investing hundreds of millions of dollars to capture these emissions and turn them into renewable energy. It's one of several companies looking to simultaneously reduce emissions while providing the country with more energy. Turning a harmful gas into a useful fuel WM recently unveiled plans to invest $825 million from 2022 to 2025 to expand its renewable natural gas (RNG) infrastructure. RNG is methane gas captured at the source and turned into pipeline quality gas. It has significantly lower emissions than other fuel sources like gasoline, diesel, and coal. WM is already a leader in using landfill gas. It currently captures landfill gas at 144 of the landfills it owns and operates. It feeds some of this methane into gas-to-electricity plants that produce renewable power. It also makes RNG at 16 plants that help fuel its fleet of natural gas-powered garbage and recycling trucks. The company now plans to build 17 more RNG plants across North America by 2026, growing its RNG output by 600%. These new plants will produce enough RNG to power its entire fleet, double its initial goal to power half its fleet with RNG by 2025. On top of that, its operations will produce enough renewable energy to meet the energy needs of 1 million homes. These investments will help displace the about 1.3 million metric tons of carbon dioxide emissions by 2026, equivalent to removing 3 billion miles driven by the typical gas-powered car. RNG is one of several relatively unnoticed investments the collections' company is making to reduce emissions and increase energy output. WM is also investing in projects using methane captured at dairies to fuel its fleet and hosts several wind and solar energy projects at some of its closed landfills. NYSE: WM Waste Management, Inc. Today's Change (1.91%) $3.01 Current Price $161.00 RNG investment is soaring WM is among a growing list of companies making major investments to build RNG projects. Natural gas pipeline giant Kinder Morgan (KMI 1.63%) purchased RNG developer Kinetrex Energy for $310 million last year. That company has two small-scale LNG production facilities, a 50% interest in a landfill RNG facility, and three other landfill RNG projects under development. Kinder Morgan is investing $146 million to develop those three facilities that will process gas from landfills owned by WM. Meanwhile, natural gas fuel company Clean Energy Fuels (CLNE 5.50%) unveiled a five-year strategic and financial plan to develop an RNG supply business earlier this year. It secured investments from BP (BP -0.34%) and TotalEnergies (TTE -0.39%), which are investing up to $100 million and $400 million, respectively, into its RNG business. These investments support RNG production projects at a growing number of dairy farms around the U.S. Clean Energy will distribute the RNG across its nationwide network of more than 550 natural gas refueling stations. These companies all see lots of growth potential in the emerging RNG market. There's the potential for U.S. RNG production to grow from less than half a billion cubic feet per day last year to over 3 billion cubic feet per day by 2050. This growing RNG production will help reduce methane emissions from landfills and farms while providing the country with more renewable energy. Meanwhile, it should supply RNG project developers with a growing stream of cash flow. >>> So CLNE at some point becomes a player. We are watching for now. WM worth researching this week along with Darling Ing.!
Brrrrrrrr It's CHILLY! Boiler off always problematic. I made a fire. How close did the S&P come to 4200?
S&P 500 (^GSPC) looks like about 40 more points to go! SNP - SNP Real Time Price. Currency in USD Add to watchlist 4,158.24+100.40 (+2.47%) At close: May 27 05:49PM EDT
Van we are going to have to put our minds together and decide if we are going to touch the upper bands of the STONEY CURVE which to me would be 4400.-?
Pulling up anchor in Jamaica, bidding farewell to the friendly people I have come to know. We enter the straits and head for Nevis. The Queen Of The Caribees..... THIS IS RADIO SAVANT-!
Down 14% to $4.03 now even after that incredible market reversal. Bad sign Stoney. You should get out on any bounce.
Not to be confused with $NU, this is the health and beauty company NuSkin. Good stock. In the above post I wrote wait for $41 as I knew (and wrote) the market was gonna fall>>> It hit $40.80 a few days later. I know how it acts. Played it for years. NUS>>> $46.11. 6% winner. Take the money and close it for now however. Even good stocks drop in bear markets.
You love doing that when the stocks you know I like drop don't ya? I'm in this from $27 and have no intention of selling. Even with further market declines ahead. I've told you several times, this is one of the best stocks out there right now. Anyway, had I seen the above post, I would have told you to buy more. Just start buying a set amount of shares every two weeks, regardless of price, even if it drops. My #1 China play. BYDDF>>> $34.83 <-----