We launched a major new campaign taking on giant Agricultural companies ADM, Bunge, and Cargill for violating human rights and clearing rainforests to make way for massive soy and palm plantations. Clearing tropical rainforests for plantations, what we call agri-sprawl, generates more than 20 percent of global greenhouse gas emissions. This is the reason why Indonesia is the world’s third-largest source of greenhouse gas emissions, and Brazil is #4.Number one and two for now are The U.S. and China, respectively, but that order is expected to reverse soon. I find it very interesting that the top two countries are digging up hydrocarbons stored in the Earth's crust and burning them, while Indonesia and Brazil are burning hydrocarbons (wood) sitting on the surface.
These agricultural companies trade at higher valuations (earnings multiples) but benefit from the same high prices of energy and global commodiites that are driving up the price of energy. Higher commodity prices and demand mean more land is being put to work. Since a dense rainforest holds more hydrocarbons (burnable substances), burning down the rainforest to build a farm relseases CO2.
People are recommending shorting Coutnrywide. It has been my experience that the shorts, much like bubble buyers, tend to pile in at the bottom. This is where fundamental value based research can help - I've been keeping track of book values of several of the large banks that seem to me will survive the whole tighter lending standards and liquidity dislocation in mortgage backed and corporate leverage buyouts. There are 111 items tagged with David Neubert. You can view all our tags in the Tag Cloud
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