At yesterday’s close, shares of worldwide developer of technologies that help mitigate Global Warming and its effects on our planet Global Warming Solutions, Inc (OTCPK:GWSO) gained 19.00% to $9.5200. The volume for GWSO was 176.41K, compared with the average weekly volume of 288.45K. It’s possible that recent developments will offer additional information about the GWSO since GWSO shares increased in the absence of recent news.
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How has GWSO been recently?
Global Warming Solutions develops and commercializes technologies aimed at mitigating the effects of global warming. Clean Energy, Carbon Control, and Water Purification are three of the areas GWSO focuses on to help reduce Global Warming and combat its consequences. The current climate models predict a sharp increase in global temperatures over the next century.
Increasing temperatures can be reduced or eliminated by reducing the emissions of greenhouse gases into the atmosphere. GWSO seeks to leverage iBy leveraging its expertise and management, GWSO hopes to make a difference in the fight against climate change.
In an announcement last week, Global Warming Solutions announced the appointment of Dr. Elena Shembel to its Board of Directors. Dr. Shembel has extensive experience with R&D, production, and management in the field of electrochemical technology and nanotechnology, leading to the realization of chemical power sources, such as lithium and magnesium batteries. Furthermore, she has experience with fuel cells, solar cells, and innovative non-destructive non-contact methods in the field of energy.
In other news, Global Warming Solutions has announced to reduce its outstanding common stock by 2,655,885. The outstanding shares of GWSO have been reduced by 2.65 million shares that were previously issued and outstanding, further proving GWSO’s commitment to its shareholders. The US, China, and Europe are all on a green path, showing a profound and seemingly long-lasting shift toward sustainability.
American Cities Climate Challenge data shows that cities and counties in the US have more than tripled the size of their renewable energy deals since 2015. It is possible that the internal combustion engine (ICE) will eventually give way to battery electric vehicles. International Energy Agency states that 17 countries have set 100% zero-emission vehicle targets or mandated that all ICEs will be phased out by 2050.
How will GWSO benefit?
Global Warming Solutions (GWSO) has further reduced its outstanding share count. A report by KPMG finds that the top 10 global automakers will invest $200 billion into electric vehicles (EVs) – more than US taxpayers spent for 13 years on the Apollo program that landed a man on the moon. All this will result in the benefit of GWSO shareholders.
