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Japanese Finance Minister Satsuki Katayama: We will be careful to maintain market confidence in our finances when guiding fiscal policy.On December 4th, HSBC Research stated that due to Li Autos (LI.O) unsatisfactory product mix, the companys gross profit margin for automobiles is expected to decline quarter-on-quarter in the fourth quarter, with the company estimated to be close to break-even. Regarding the outlook for next year, HSBC Research believes that short-term headwinds have largely been priced into the share price, but visibility for next year remains limited. Due to intense competition, HSBC lowered its earnings forecast for the company this year to RMB 921 million, and reduced its earnings forecasts for 2026 and 2027 by 38% and 31% respectively. Therefore, it downgraded Li Autos rating from "Buy" to "Hold," lowered its target price for US-listed shares from US$30.3 to US$18.6, and its target price for Hong Kong-listed shares from HK$118 to HK$83.Japanese Finance Minister Satsuki Katayama: We will not base our bond issuance plans on the assumption that the Bank of Japan will maintain its bond holdings.Japanese Finance Minister Satsuki Katayama: I cannot comment on monetary policy; it falls under the jurisdiction of the Bank of Japan.December 4th - According to a report by Wccftech citing ZDNet Korea, PC manufacturers are planning significant price increases for their 2026 models due to surging demand for AI hardware, a severe shortage of traditional memory chips, and supply constraints driving up component costs. The report states that the shortage is forcing major PC manufacturers such as ASUS, Acer, and Lenovo to raise prices for their 2026 products, with the entire industry planning price increases of at least 20%.

Low-yielding US Oil Wells Emit Half of Methane, Survey Says

Charlie Brooks

Apr 21, 2022 09:26

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Methane is the second most significant contributor to climate change, behind carbon dioxide.


Environmental organizations criticized the proposed regulation because it required corporations to monitor just major well sites spewing an estimated three tons of methane per year or more, which the government said accounted for 86 percent of leaks.


Marginal wells produce fewer than 15 barrels of oil equivalent per day and release methane at a rate six to twelve times that of the national average, the research said. This is comparable to losing 10% of their gas into the atmosphere.


It demonstrates how, by exempting those wells from regulation, the EPA would be oblivious to a massive source of methane.


"The methane impact of these little wells is huge and cannot be disregarded," said Mark Omara, co-author of the research and an environmental scientist with the Environmental Defense Fund.


According to EPA spokesman Nick Conger, the agency received the report's information during the public comment period on the November proposal.


"We are taking it into account, as well as all other comments received, as we create a supplementary proposal that the Agency anticipates issuing later this year," he said in an e-mailed statement.


The oil and gas industry lobbied the EPA to exempt smaller wells from the regulations, citing the sheer volume of such wells and the associated costs of monitoring and repair.


Field observations revealed that "negligence and degradation" of equipment was the predominant source of methane emissions at low-production well sites, indicating that they might be prevented with more regular monitoring and site inspections, the research said.


The proposed EPA methane rule would be the first to control methane emitted by existing oil and gas operations, requiring oil and gas firms to periodically check and fix methane leaks at 300,000 of their largest well sites and other equipment.