Urgent Copper Stock With Strong Catalysts

Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.

Climate change cost U.S. ski industry billions, study says, and future depends on emissions

BRITTANY PETERSON
February 29, 2024

DENVER (AP) -- U.S. ski areas lost $5 billion from 2000 to 2019 as a result of human-caused climate change and could lose around $1 billion annually in the 2050s depending on how much emissions are reduced, a new study found.

People "may not care about the loss of the species halfway around the world, or a flood that's happening in some other part of the world. But sport is often something people care about," said Daniel Scott, a scientist at the University of Waterloo and study co-author. "And they can see some of these changes happening."

Warm weather has upended winter recreation across North America and Europe this year, cancelling a 250-mile dog sled race in Maine, opening golf courses in Minnesota, and requiring snow saved from the previous year to run a ski race in Austria. A warm, dry El Niño weather pattern coupled with global warming is to blame, scientists say, and has put the threat to winter on center stage.

"It's a now problem, not a future-looking problem," said Auden Schendler, senior vice-president of sustainability at Aspen One, a ski and hospitality company that helped fund the study, published in Current Issues in Tourism.

It models what average ski seasons would have looked like from 2000 to 2019 in the four major U.S. markets -- the Northeast, Midwest, Rocky Mountain and Pacific West -- without climate change. Its baseline comparison is ski seasons from 1960 to 1979 -- a period when most ski areas were operating and before significant trends of human-caused warming began. It found the average modeled season between 2000 and 2019 was shorter by 5.5 to 7.1 days, even with snowmaking to make up for less natural snow.

Under an optimistic emissions reduction scenario, the future of the U.S. ski industry would see seasons shortened by 14 to 33 days in the 2050s, even with snowmaking. A high-emissions scenario would nearly double the days lost.

Countries meeting for annual climate talks agreed in December that the world needs to be "transitioning away" from the fossil fuels that are heating the planet to dangerous levels, but set no concrete targets for doing so. Earth last year had its hottest year on record, and monthly records have continued this year.

"The future of the ski industry, if that's something you care about, is really in our hands and it will play out over the next 10 to 15 years in terms of the policies and actions that we take to reduce emissions," Scott said.

The researchers calculated economic losses based on increased operating costs for snowmaking along with lost skier revenue. Scott called the estimates "probably somewhat conservative," noting that they don't include such things as the loss of money that skiers spend on goods and services in winter sport communities.

The researchers said they undertook the study in part to fill a void in good data about how much climate change was costing the ski industry. They also suggested such data would be needed if the industry pursued lawsuits against fossil fuel producers, citing as a precedent ongoing litigation by several Colorado communities that are suing oil companies ExxonMobil and Suncor Energy for the cost of adapting to the impacts of climate change.

The researchers wrote that snowmaking is "no longer able to completely offset ongoing climate changes" and said "the era of peak ski seasons has likely passed in most U.S. markets."

David Robinson, a Rutgers University researcher and the New Jersey state climatologist, made the same point as he called the study interesting and solid.

"It's not going to stop snowing," said Robinson, who wasn't involved in the work. But "things such as snowmaking are only going to be able to go so far where it's being done now" as the planet continues to warm.

Julienne Stroeve, a senior scientist at the National Snow and Ice Data Center, who also wasn't involved in the work, said the study doesn't address how skiers and snowboarders might respond to declining quality of the snow that does fall. She wondered whether skier behavior will change if poor snow conditions become more frequent.

That change in skier behavior is known as substitutability, Scott said. If skiing isn't an option or doesn't provide good snow conditions, will people travel to another ski area? Turn to mountain biking? Scott said he would like to find out.

"That's another one of those things we'd love to know more about, because then you could improve the modeling," he said.

___

The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP's environmental coverage, visit https://apnews.com/hub/climate-and-environment

Continue Reading...

Popular

Ron DeSantis Tells GenZ To Stick To Black Coffee Without 'Bells And Whistles'

Gov. DeSantis urges young Americans to switch to plain coffee amid Starbucks' dominance and rising prices. Dutch Bros and fast-food chains challenge market leaders.

OpenAI and Amazon sign $38B deal for AI computing power

SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon's cloud computing services.

Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige - Ad

Central banks are rapidly increasing their gold reserves-now nearly 20% of global assets. With rising demand and geopolitical pressure, U.S. gold supply is becoming more strategic than ever.

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup - Ad

You'd expect a gold miner with production, a full refinery, and big-name investors to be trading at a premium. But this one? It's still under $1

Hillary Clinton Says Trump Taking A 'Break' From Gold-And-Marble Interior Renovations To Defy Court Order On SNAP: 'Nero Would Be Proud'

Hillary Clinton criticizes Trump for withholding SNAP benefits during shutdown, accusing him of defying court order and being indifferent to public suffering. Democrats blast Trump for creating hunger crisis and breaking the law.

Gold prices have tumbled from recent records. What's behind the losses?

NEW YORK (AP) — Less than a day after to another record high, prices for the precious metal plunged — marking the biggest sell-off in years.

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Early studies show this breakthrough delivery platform would make cancer treatments safer and more powerful. Now, with Big Pharma watching closely, investors are starting to take notice of what could be the next major biotech story.

Trump Defends Missile Strike On 'Drug-Carrying' Submarine Amid Human Rights Outcry

Trump defends strike on drug sub, says it targeted fentanyl-laden vessel heading to US. Two survivors were rescued.

Cathie Wood Dumps $3.7 Million Of Palantir Stock Despite AI Boom — Here's What She's Buying Instead

Ark Invest boosted positions in Qualcomm and BYD, while trimming Palantir and Shopify. Ark also acquired shares of China's BYD despite recent recall.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Shaquille O'Neal's $180,000 Range Rover Stolen in Suspected Hacker Heist

The custom Range Rover belonging to Shaquille O'Neal has been stolen, reportedly due to a cyber attack.

What to know as the annual sign-up window for health insurance arrives

Higher prices, less help and all hang over health insurance markets as shoppers start looking for coverage this week.

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch.

UPS cargo plane with 3 aboard explodes on takeoff at Louisville airport, igniting huge fire

LOUISVILLE, Ky. (AP) — A large UPS cargo plane with three people aboard crashed Tuesday while taking off from an airport in Louisville, Kentucky, igniting an explosion and massive fire that left a thick plume of black smoke over the area.

Jim Cramer Warns 'Don't Be Fooled' Because Speculators In Gold, Quantum And Nuclear Energy Aren't Going Down 'Without A Fight'

Former hedge fund manager and renowned CNBC TV host Jim Cramer is sounding the alarm on certain speculative pockets of the market, urging investors to sell into the "snapback" momentum if they haven't already done so.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Move Over, Musk—The World's Richest Woman Joined the $100B Club

Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman in the world worth more than $100 billion.

Is Big Pharma's Next Target Already in Play? - Ad

A small biotech may have cracked one of medicine's biggest problems-how to deliver cancer drugs safely and effectively. With patented technology and promising early data, it's already catching the attention of Big Pharma.

Trump Warns Supreme Court Tariff Ruling Could 'Literally Destroy' The US: 'We'll Be Struggling For Years'

President Donald Trump warned that the U.S. economy would face significant challenges if the Supreme Court rules against the majority of the tariffs imposed this year.

3 Communication Stocks Making Big Moves On Value Metrics

Three communication service stocks posted sharp gains in Benzinga's value rankings this week, highlighting renewed investor interest in the sector. Here's what investors need to know.

New Number One Copper Start Alert - Ad

EVs and AI devour copper. Supply cannot keep up. A Quebec discovery with high grade, infrastructure, and cheap power is funded to drill through the year. Catalysts are lining up. Institutions are circling. Move now while it is still early.

Looking For The Next Beyond Meat? Here Are The Top 10 Most Shorted Stocks

Here's a look at the most heavily shorted stocks in the market as investors look for the next Beyond Meat.

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Trump says a Canadian ad misstated Ronald Reagan's views on tariffs. Here are the facts and context

WASHINGTON (AP) — President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former U.S. President Ronald Reagan from 38 years ago criticizing tariffs -- Trump’s favorite economic tool.

China and ASEAN sign expanded free trade pact

KUALA LUMPUR, Malaysia (AP) — China signed an expanded version of a free trade agreement with the as both face increased protectionism from the United States, and Chinese Premier Li Qiang emphasized his country's close ties with the region.

Urgent Copper Stock With Strong Catalysts - Ad

Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.

Meta Lures Gen Z Talent With Six-Figure Salaries Amid Shrinking Job Opportunities — Here's How Much It's Offering

Meta is reportedly offering hefty paychecks for entry-level software engineering roles, a move seen as a response to the challenging job market for recent graduates.

Microsoft's quarterly sales and profit surge, beating Wall Street expectations

REDMOND, Wash. (AP) — Microsoft on Wednesday reported its quarterly sales grew 18% to $77.7 billion.

Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige - Ad

Central banks are rapidly increasing their gold reserves-now nearly 20% of global assets. With rising demand and geopolitical pressure, U.S. gold supply is becoming more strategic than ever.

President Trump returns to '60 Minutes' for first time after settling lawsuit against newsmagazine

President Donald Trump is returning to “60 Minutes” this weekend, his first appearance on the show since he this summer with CBS News over the newsmagazine's with Kamala Harris. Trump was interviewed by CBS' Norah O'Donnell Friday at Mar-a-Lago for the appearance, which will air this Sunday.

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup - Ad

You'd expect a gold miner with production, a full refinery, and big-name investors to be trading at a premium. But this one? It's still under $1

Trump Commutes Former Rep. George Santos' Seven-Year Prison Term: '... Has Been Horribly Mistreated'

President Donald Trump announced on Friday that he commuted the prison sentence of former congressman George Santos (R-N.Y.), ordering his immediate release.

Weekend Round-Up: Crypto World Buzzes With Coinbase, Cathie Wood, Melania Trump And Bitcoin News

There was a whirlwind of activity in the cryptocurrency world this week. From optimistic predictions by Coinbase Global Inc. CEO Brian Armstrong to Cathie Wood's backing of a major Ethereum holder, the crypto market was abuzz with news.

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Early studies show this breakthrough delivery platform would make cancer treatments safer and more powerful. Now, with Big Pharma watching closely, investors are starting to take notice of what could be the next major biotech story.

Obesity, diabetes treatments fuel Eli Lilly growth and spark bidding war

The market for obesity and diabetes treatments remains scorching hot, funneling billions in sales to Eli Lilly and fueling a bidding war over another drugmaker.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service