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Caramelized garlic steak in salads and protein bowls raises carbon-neutral concerns

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Salad chain Sweetgreen is adding steak to its menu, an announcement that led to strong reactions online, with customers questioning how that would impact the company’s carbon neutral plans.

Founded in 2007 and known as a fast-casual spot serving salads and bowls, Sweetgreen says it will be carbon neutral by 2027 — meaning it plans to offset its own emissions by putting in place strategies that also remove carbon from the atmosphere.

But beef production is incredibly resource-intensive and a contributor to climate change. It’s the largest agricultural source of greenhouse gases globally, emitting massive amounts of methane into the atmosphere, and requires extensive land use.

Sweetgreen’s rationale for the controversial caramelized, garlic-flavored steak menu addition this week includes using regenerative farming. The chain also says carbon offsets are part of its pledge to combat climate change and reduce its greenhouse gas emissions.

A Sweetgreen spokesperson referred request for comment to its menu expansion details.What is regenerative agriculture?

Regenerative agriculture means farming and ranching in a way that not only produces food from a landscape, but also sees that landscape improve ecologically, said Jason Rowntree, co-director of the Michigan State University Center for Regenerative Agriculture.

This means “minimizing disturbance, keeping ground covered,” Rowntree said, “improving biodiversity below and above ground through adding animals to your cropping systems or enhancing biology below ground.”

Many grocery chains and restaurants are starting to look to regenerative agriculture for animal proteins, grains and fruits and vegetables while meeting climate goals. Starbucks cited regenerative agriculture as one way it aims to slash its carbon, water use and waste in half by 2030. Chipotle and Burger King have also dabbled in it.

“It’s all in what you do and how you implement it,” said Allen Williams, a farmer and founder of agriculture consultancy Understanding Ag. “It allows for the repair, rebuilding and restoration of our ecosystems — and that’s critically important if we want to mitigate climate change.”

Some experts question whether regenerative agriculture can offset all emissions from beef production in particular.What are carbon offsets?

Companies, including those in dining, also buy carbon offsets. They purchase “credits,” as part of a voluntary and unregulated market for projects that claim to absorb carbon dioxide that otherwise would’ve happened.

These offsets are an effort to cancel out one’s own carbon dioxide pollution. But it isn’t an exact science.

Though companies including Sweetgreen should be applauded for their efforts, “We all know that the offsets schemes over the last few years have been really problematic, to say the least,” said Jonathan Foley, executive director of climate nonprofit Project Drawdown.What can be done instead?

Even if a chain employs productive regenerative agriculture and offsets, experts say its use of plastic, paper or non-renewable energy could negate those practices.

So the priority should be focusing on a restaurant chain’s whole carbon footprint, fostering and improving landscapes that are more resilient for food security and improving water cycling, experts say.

“At the end of the day,” Rowntree said, “I think these challenges we’re going to see with aridity, with heightened intensity of rain events followed by longer periods of drought are probably agriculture’s biggest challenge moving forward.”



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BT scraps digital landline switch deadline

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BT has ditched its timetable to move landline customers from copper wire to digital.



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Jefferies starts US Steel stock with Buy rating, highlights growth potential By Investing.com

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On Monday, Jefferies initiated coverage on (NYSE: X) stock with a Buy rating, accompanied by a price target set at $45.00. The firm’s analysis suggests that US Steel’s valuation stands out within its peer group, noting that the company’s share price is notably lower than the offer from Nippon, which has been accepted. As a result, the firm sees significant potential for the stock.

The coverage highlights US Steel’s growth potential, particularly from its Big River 2 project, which is expected to contribute to the company’s volume growth. The firm also anticipates that US Steel will benefit from its position as a blast furnace-basic oxygen furnace (BF-BOF) operator, sharing advantages with industry counterpart Cliffs, especially given its current product mix.

The rationale behind the Buy rating includes several key factors. Jefferies points out US Steel’s relatively high leverage, which could be favorable in a context of strong demand and possible price increases. The firm also favors BF-BOF operators in a robust macroeconomic environment.

Another significant factor for the positive outlook is the expected demand surge following the resolution of the United Auto Workers strike. The strike’s end was previously a catalyst for a sharp increase in flat-rolled steel prices in late 2023, and similar dynamics could unfold moving forward, potentially benefiting US Steel.

Jefferies’ coverage suggests a promising outlook for US Steel, underpinned by a combination of valuation appeal, growth prospects, and favorable industry conditions. The $45.00 price target reflects this optimism for the stock’s future performance.

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As Jefferies initiates coverage on US Steel with a bullish stance, real-time data from InvestingPro reinforces the potential that analysts see in the company. With a market capitalization of $8.07 billion and a price-to-earnings (P/E) ratio standing at 9.28, US Steel presents an investment profile that may appeal to value-oriented investors. The company’s adjusted P/E ratio has decreased to 8.02 in the last twelve months as of Q1 2024, indicating a potentially more attractive valuation compared to historical figures.

InvestingPro Tips highlight that US Steel has maintained dividend payments for 34 consecutive years, signaling a commitment to returning value to shareholders. Additionally, despite a decline in revenue growth by 12.6% in the last twelve months as of Q1 2024, the company remains profitable over the same period. These factors, combined with a solid track record of dividend payments, could be particularly reassuring for income-focused investors.

For those considering an investment in US Steel, there are 2 more InvestingPro Tips available that could provide further insights into the company’s prospects. To delve deeper into these expert analyses, visit https://www.investing.com/pro/X and don’t forget to use the exclusive coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





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Iran’s President Ebrahim Raisi dead in helicopter crash

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Iran’s President Ebrahim Raisi has died in a helicopter crash, state media reported on Monday.

The helicopter carrying the president came down on Sunday in a remote and mountainous region of the country’s north-west, according to Tasnim News Agency, which is closely linked to the elite Revolutionary Guard. Rescue teams battled for hours to reach the crash site, with fog and snow hindering efforts.

State media showed video footage of a convoy of ambulances struggling to make their way through fog up a mountain road. The crash site was in Arasbaran Forest near the border with Azerbaijan, according to Tasnim.

Helicopter Iranian president’s convoy crashes-2

Iran’s foreign minister Hossein Amir-Abdollahian was also on board the helicopter as part of Raisi’s entourage.

They were returning from a visit to the country’s north-western province of East Azerbaijan, where they took part in the inauguration of a dam. The president of northern neighbour Azerbaijan was present at the ceremony as well.

Raisi, 63, was elected in 2021 in a vote with a record-low turnout in the country’s history. He had been expected to seek re-election next year, and his name had emerged in political circles as a top candidate to succeed Iran’s supreme leader, 85-year-old Ayatollah Ali Khamenei.

The president showed unconditional loyalty to the ayatollah and maintained close relations with the Revolutionary Guard. After decades of tense relations between Iran’s presidents and the supreme leader over the extent of their powers, Raisi was the first to end these tensions.

This is a developing story



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