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Soros signals Argentina’s shale is biggest place to be; doubles stake in YPF SA

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George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world’s largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key shale play. Earlier post.]. It now controls 3.5

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NOAA: Warmest April Global Temperature on Record; Also Warmest January-April

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The combined global land and ocean surface temperature was the warmest on record for both April and for the period from January-April, according to the US National Oceanic and Atmospheric Administration (NOAA). Global temperature anomalies in April 2010 with respect to a 1971-2000 base period. Source: NOAA. Click to enlarge.

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Tesla And Other Tech Giants Scramble For Lithium As Prices Double

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Driven by the rise of battery gigafactories and game-changing Powerwall and energy storage businesses, the world now finds itself at the beginning of a lithium super cycle that is all about securing new supply, much of which is poised to come from lithium superstar Argentina. This means that the new market is all about new players.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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PwC analysis finds a need for global carbon intensity to drop an average of 5.1% Since 2000, the global rate of decarbonization has averaged 0.8%; from 2010 to 2011, global carbon intensity fell by just 0.7%. Because of this slow start, global carbon intensity now needs to be cut by an average of 5.1% Click to enlarge.