Coal is Alive & Kicking
Despite all the solar panels, windmills, EV’s and government subsidies to go green, the world has never used as much coal.
Under current trends, coal demand will be higher in 2050 than it was in 2000.
July 25, 2024
July 10, 2024
Trafigura Confronts Huge Share Buyback Bill as Executives Leave—and Profits Boom Fades
Trafigura faces years of substantial buyback commitments due to the massive profits it generated following Russia's invasion of Ukraine, even as the unprecedented boom in the commodity trading industry begins to wane.
The numerous senior departures over the past year have further increased the volume of shares the company needs to repurchase, raising concerns for current and former employees who have considerable portions of their personal wealth invested in Trafigura.
According to a 2021 prospectus and sources familiar with the matter, when a shareholder leaves Trafigura, the value of their shares is fixed, and the company typically agrees to repurchase them in five installments: one upon departure and then annually over the next four years. Trafigura employs a similar arrangement to buy back shares each year from continuing employees.
See the whole article on Bloomberg here:
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