EU sets cryptocurrency rules
"Forever chemical" manufacturers owe us $1.185 billion in damages
The forward-leaning morning newsletter for those
who love all things green
June 12, 2023
Topics: Sorry...MISSED LAST WEEK due to WEDDING!! Housing, ADUs, PFAS, cryptocurrency, EV, VW ID.Buzz
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🏘️Action and reaction Affordable housing is being denied to a whole generation of Americans. New construction is too expensive for most buyers under 40 years old, and existing homes are also very pricey. Creative and desperate 30-40 year olds are turning to ADUs (Accessory Dwelling Units) often in their parent's backyards.
Yet many are still experiencing hurdles, such as insufficient access to financing. Very similar to the tiny house movement, existing financial institutions are not fully ready to offer loans that fits their needs. Why is that? Speaking a little bit louder to banks might help nudge them in this more helpful direction.
👉Being accountable States are suing chemical companies over PFAS ("forever chemicals") for contamination of their ground and drinking water and in their soils. The state of Maine has identified farms and now Hermon High School as testing above the state's safety limit for forever chemicals and will be filing a lawsuit against chemical manufacturers such as DuPont, 3M, and others.
According to the CDC, the chemicals do not break down, and they accumulate in the fish and wildlife that we consume. Studies have shown that forever chemicals can affect the immune system, thyroid, liver, and reproductive functions. Sixteen states have already filed litigation against chemical companies, and Maine and three other states will following them.
Bloomberg reported last year that over 6,400 lawsuits had been filed against chemical companies, such as DuPont, 3M, Chemours, Corteva, Chemguard, Kidde-Fenwel, Dynax, and National Foam, to name a few for contamination of the environment.
👏Chemical companies lost PFAS lawsuits DuPont is the parent company of Corteva and Chemours, and the trio will settle litigation related to PFAS. They will pay $1.185 billion into a settlement fund from lawsuits from dozens of US states for chemical contamination of public water supplies and more. #gratitude for all those fighting for justice and citizens' rights to live in a non-toxic environment.
🏇EU takes the lead It seems so long ago, right? Less than a year ago, Bitcoin, Ethereum and thousands of other digital currencies were the hot topic. Then in November, FTX collapsed, filed for bankruptcy and the investors lost all their money. CEO Sam Bankman-Fried will be tried on 13 counts of fraud. Finally, last month the European Union’s 27-country legislative body made some decisions and released detailed cryptocurrency rules.
Yes, there will be government oversight and transparency required from cryptocurrency businesses. The rules the EU Council will be adhering to will be known as MiCA (Markets in Crypto Assets). Companies will be held accountable for clients’ assets and liable for losses. Also, major crypto companies will be required to disclose how much energy they use so they stay compliant with environmental guidelines for zero carbon emissions goals.
With these rules, the EU has taken a leadership role in the cryptocurrency industry while the US is still formulating how to ensure responsible development of digital assets.
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🎉One more year Waiting for something cool is so hard, and Volkswagen has been teasing us for over 2 years. At long last a model has been designed and a release date has been set. The VW Microbus (VW bus) EV will be available in North America in late 2024. It will be called ID. Buzz, and it will be faster and quieter than the original bus, but like the OG it will have the motor in the rear. And the AWD version will have a second one in the front for 330 hp of power.
Stay Curious... Who are we?
Fun question of the day:
Have you heard of Accessory Dwelling Units (ADUs)??
Who are we?
Last fun question of the day: Would you request an autonomous EV from Uber?
5% of respondents said YES
Thanks again for being you. Until the next issue, be sure to add more green to your life!
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