Lithium Drive: China To Extend Subsidies On Electric Cars Past 2015 TSLA, ILC.v, TNR.v, LIT, RM.v

  We have another confirmation that China takes Electric Cars very seriously and we can expect now further transfer of technology to Chinese based electric cars production facilities. Subsidies will apply only to Electric Cars produces in China, according to some reports. Tesla move into China will highlight the new technology again and with pollution scare it will get the spotlight of the Chinese media. Tesla Supercharges will be the real game changer for the electric cars mass market.

Lithium Drive: Tesla Model S - Driving Coast To Coast TSLA, ILC.v, TNR.v, LIT, RM.v

 "Electric Cars are not toys any more and Tesla Model S has demonstrated its reliability in all conditions during this trip. The implementation of the Superchargers network is the game changer for Electric Cars and Tesla Motors is the solid leader in technology here. 

  The next step in the world-wide expansion will be UK and China. In both countries we have a lot of momentum now. Next few years can allow the company to take by the storm the high premium markets in both countries and roll out its Supercharger infrastructure. The new Tesla model for mass market electric cars will be coming in on the prepared ground to make this revolution for real.

  We were quite a few years ahead in a lot of our expectations for electric cars and now can see how this groundbreaking technology is bearing its fruit. Time is to dust off our Lithium darlings, which are still below the radars of investment crowd."

Lithium Drive: Beijing To Fight Air Pollution By Making 40% Of All New Cars Hybrids ILC.v, TNR.v, LIT, RM.v

"Electric Cars will be the logical solution for China's pollution problems. At least with urban mobility electric cars can dramatically improve the air quality very fast. For years critics were pointing out that electricity is produced in China in large percentage by the coal power plants, the latest Party Plenum has taken the clear path towards greener electricity sources: natural gas, nuclear, wind and solar. 

  Now the only thing left out is the reliable technology to put the real electric cars for mass market on the roads. All major electric cars players are already presented in China: Nissan, GM, Ford, Toyota. Home grown BYD is making its way with electric proposition and taking the market of Electric Buses now. Tesla Motors is already selling Model S in China and there are reports that this electric car can be produced in China as well. Kandi with its concept of electric cars for rent from the vending machine is another very important development. We are talking here not only about Beijing and Shanghai, but more than 160 cities in China with population over 1 million people.

  Now China again makes the bold move into the electric space and its lithium batteries and lithium materials industry is making very big progress under the radar screens of general investors. We are following here Ganfeng Lithium and International Lithium and they are getting into the interesting development stage of this cycle now with UK promoting electric cars and China coming back in this high stake technology game with the new force."

 "China is literally chocking with pollution and electric cars are the obvious solution for urban mobility over there. Lithium developers are out of market favour now, but wait when investors will connect the dots again. Ganfeng Lithium is already the market leader in China in the lithium strategic supply chain and  extending its raw material base with International Lithium strategic partnership. Today's news from UK are putting new perspective to International Lithium 10 million J/V development partnership in Ireland with Ganfeng Lithium. 

  From International Lithium Annual General Meeting:

"Mr. Kirill Klip stated, "We are working to advance our Blackstairs Lithium project early in 2014 under the ten million dollar joint venture with strategic partner Ganfeng Lithium Co. Ltd. ("GFL"). We are also working with GFL on a corporate structure that will enable the companies to move forward on the Mariana lithium-potash brine project in Argentina."

International Lithium: Jiangxi Ganfeng Lithium to Raise $81.5 Mln via Private Placement ILC.v, TNR.v, LIT

"Now Ganfeng Lithium has the capital to advance its development programs with International Lithium. Once the tax loss selling will be over International Lithium should enjoy better market perception with further advance of Lithium properties in Ireland, Argentina and Canada. Ganfeng Lithium production facilities development shows China's appetite for strategic commodities for electric revolution in order to make transportation and personal mobility still possible after recent pollution scare."

Reuters:

China to extend subsidies on electric cars past 2015

(Reuters) - China's Finance Ministry said on Saturday it will extend a programme of subsidies for buyers of electric-powered vehicles after the current subsidy regime, part of efforts to combat pollution in cities, expires in 2015.

The existing subsidies will be phased out by 2015 as planned, with a new regime to take effect after that date "to preserve policy continuity", the ministry said in a statement on its website. Details of the new subsidies would follow at an unspecified date.

The subsidies were designed to help China meet a goal of putting half a million new-energy vehicles, defined as all-electric battery vehicles and heavily electrified "near all-electric" plug-in hybrids, on the road by 2015 and 5 million by 2020.

Pollution in cities, in part caused by an explosion in car sales in recent years, is a hot-button issue for China's leaders, and several measures have been introduced, including curbs on sales of petrol-engined vehicles.

The current subsidies of up to 60,000 yuan ($9,800) are available for the purchase of an all-electric battery car and up to 35,000 yuan for a "near all-electric" plug-in vehicle were extended for a further three years at the end of 2012.

(Reporting by Jonathan Standing; Editing by Robert Birsel)"

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The Price of Oil: Exxon Hates Your Children. Satire with a serious message.

Oil Change International:

"EXXON HATES YOUR CHILDREN. IT'S A SERIOUS ACCUSATION. AND IT DESERVES A SERIOUS EXPLANATION."

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"Exxon Hates Your Children. Satire with a serious message.

Steve Kretzmann


Yesterday Oil Change International launched an exciting new campaign with our friends at the Other 98%. ExxonHatesYourChildren.com is a website, with a provocative TV ad embedded in it.  Our intent is to raise money to put the ad on television to draw attention to the over $10 billion in annual subsidies to Big Oil, Gas and Coal.

It’s a hilarious ad with a serious message.  As Congress debates what actions to take to avoid the so-called “fiscal cliff” perhaps no programs are less worthy of government support than those which subsidize Big Oil, Gas, and Coal. Read on to understand:

• How oil, gas and coal companies undermine your children’s futures,
• Why these subsidies are a waste of taxpayer dollars, and
• What you can do to stop them.

---

Imagine if your government gave a company a sweet deal to build your local playground. Then, that company dumped toxic waste underneath where your kids play everyday, just because it was the most profitable thing for them to do.
What would you do? Obviously you’d protect your children and demand that the company fully pay to clean up their mess. You’d demand that the company pay for any medical help needed by your kids. Finally, you’d demand that your governmentimmediately stop sending your tax dollars — subsidies — to that company.
That company is Exxon, the playground is our planet, and the sweet deal they get is by way of massive government handouts. But Exxon is not alone; their competitors and industry friends in the fossil fuel game are all running their businesses in a way that is ruining our children’s futures.
In short, if you judge Exxon and other fossil fuel companies not by the words on their press releases, but by their actions and predictable consequences, Exxon really must hate your children. The facts speak for themselves.

Consider the following:

1. Exxon must hate your children because their business model depends on drilling for more and more of the fuels that cause climate disruption, even though fossil fuel companies have already discovered significantly more oil, gas and coal than scientists say we can safely burn. They are creating climate chaos every day — and they’re getting rich doing it.Even the International Energy Agency now agrees that in order to have even chances of limiting global warming to just 2 degrees Celsius (beyond which the worst impacts of warming will kick in), two-thirds of the current proven reserves of fossil fuels must remain in the ground by 2050.  So why are Exxon, and others, looking for more?  And why are we subsidizing them to do so?
2. Exxon must hate your children because, for years, they spent millions funding a coordinated campaign to create confusion about climate science, which has slowed the move towards a more sustainable future. Now Exxon (finally) admits that climate change is a problem, but…
   • They say they can’t predict what will happen, and
   • Therefore they will continue business as usual.
   In June 2012, Rex Tillerson, the CEO of Exxon, acknowledged that burning of fossil fuels is warming the planet, but said society will be able to “adapt”.Tillerson blamed a public that is “illiterate” in science and math, a “lazy” press, and advocacy groups that “manufacture fear” for misconceptions around the oil and gas industry.
3. Exxon must hate your children because they and other fossil fuel companies send campaign contributions to candidates for Congress, and in turn, they get massive subsidies…at the expense of more important causes. For every one dollar Big Oil spends on political contributions, they get $59 back in subsidies — a 5800% rate of return. Meanwhile, they make record profits — in 2011, just the 5 biggest oil companies alone (including Exxon) made roughly $135 billion in profits. The at least $10 billion annually in our tax dollars that goes to supporting these rich fossil fuel companies should instead go to building a safe future for all our children.
4. Exxon must hate your children because climate change threatens the future of all of our children, and they seem to just ignore it. Even before Superstorm Sandy hit the East Coast of the United States, we were witnessing climate impacts on a daily basis, and they’re only getting worse. Just this summer, we’ve seen drought engulf the breadbasket of America. We’ve seen freakstorms ravage the Midwest and east coast. All of these impacts are consistent with scientific predictions of climate change. Yet Exxon continues drilling and funding Congressional campaigns, in order to get more subsidies to feed their addiction to their climate-destroying profits.

So, to Exxon, your children’s safe futures stand in the way of their massive profits. They peddle influence, throw their money around, and lobby their way to more subsidies, more obscene profits…and a more dangerous future for the rest of us.
Exxon, and all other oil, gas and coal companies, talk a good game. Their slick ads — which they have the money to place almost everywhere thanks to record profits supplemented by government handouts — promise jobs, prosperity, energy security and a brighter future. Unfortunately, the only promise that they are likely to deliver on is the promise of profits — which won’t matter for your children, who will have to pay the price.
This is not a problem we will solve overnight. To start though, we can demand that Exxon, and all other oil companies, stop using our money to fund climate destruction.
Does Exxon actually hate your children?  Certainly its actions credibly indicate a disregard for our children’s future.  The ad produced by the Other 98% and Oil Change International is obvious satire, but with a serious message that is protected by the First Amendment."

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We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.