81 episodes

IN Tune is a podcast series featuring Equity Research analysts from BMO Capital Markets. Our shows explore key emerging themes, trends, and issues which are important to our institutional clients globally. Visit our website at https://researchglobal0.bmocapitalmarkets.com/

BMO Equity Research IN Tune BMO Capital Markets Equity Research

    • Business
    • 5.0 • 4 Ratings

IN Tune is a podcast series featuring Equity Research analysts from BMO Capital Markets. Our shows explore key emerging themes, trends, and issues which are important to our institutional clients globally. Visit our website at https://researchglobal0.bmocapitalmarkets.com/

    The Voluntary Carbon Market: International Market of Mystery

    The Voluntary Carbon Market: International Market of Mystery

    There has been a lot of buzz around the voluntary carbon market over the past few years given increased interest in corporate carbon offsetting to help facilitate the explosion in net-zero and emissions reduction targets. We believe this market is currently in its “carpe diem” moment and that it has arrived at an important crossroad, with a need to meet increasing demand for offsets while still maintaining market integrity through products that reflect actual impact. While we believe this market is slated for impressive growth, its potential is predicated on an ability to deliver high-integrity products. In this short podcast, we touch on certain nuanced aspects of the market, including differences with compliance and voluntary markets, credit-quality criteria, and the implication of Article 6 of the Paris Agreement.
    BMO clients can view our report, “The Voluntary Carbon Market: International Market of Mystery”, by visiting: https://researchglobal0.bmocapitalmarkets.com/research/938af63e-12dc-4b6c-8d1f-26fd4b2fa340/
    Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/1306A54B-83F2-403B-9DA9-E2E00B7AEAA3.PDF
    To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

    • 16 min
    Battery Materials: Raising EV Sales, and What It Means for Lithium and Other Key Battery Metals

    Battery Materials: Raising EV Sales, and What It Means for Lithium and Other Key Battery Metals

    In this short (16 min) podcast, we discuss the key recent changes we have made to our EV sales forecasts and battery assumptions, and the resulting impacts on various upstream battery metals including lithium, nickel, cobalt, graphite, and others.
    BMO clients can view our reports, "Raise EV Targets Higher and Update Key Assumptions to Varying Upstream Effect", by visiting: https://researchglobal0.bmocapitalmarkets.com/research/abe03309-3d6b-432e-8507-3ebf507894eb/ and "Changing Some EV and Lithium Assumptions, Though Conclusions Remain Same" by visiting: https://researchglobal0.bmocapitalmarkets.com/research/65f1a666-1549-4b11-9c93-009328f5f574/
    Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/0E975775-C5A2-487E-9B85-98EBA70158BA.PDF
    To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

    • 15 min
    Best of BMO Equity Ideas, Q322

    Best of BMO Equity Ideas, Q322

    BMO clients can view our report, “Best of BMO Q322” by visiting: https://researchglobal0.bmocapitalmarkets.com/research/e165cee3-dced-46c4-942a-df8e116962ae/
    Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/DD9845C9-AE86-457A-93FE-7D24B4201212.PDF
    To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

    • 25 min
    On-Farm Carbon and Emissions Management May Prove a Benefit, But Could Be a Burden

    On-Farm Carbon and Emissions Management May Prove a Benefit, But Could Be a Burden

    With agricultural related GHG emissions accounting for about quarter of global emissions, conversations around the role of farming in carbon and emissions management are intensifying. This includes the capacity of soil to sequester carbon by growers transitioning to farming practices such as no-till and cover cropping. Governments are starting to incentivize such transitions, and numerous food and crop input producer pilot programs to track on-farm sustainability practices have emerged. In this podcast, Joel Jackson, Chemicals and Fertilizer Analyst at BMO Capital Markets, discusses the key findings from his recent research report, which concludes that while many hope no-till farming and cover cropping could prove a benefit to growers to monetize sustainability practices and lower emissions, they may prove to be a burden unless government and food industry incentives materially increase and broaden. Even with government incentives and promises of CPG industry incentives, BMO estimates a 5- to 10- year payback for a farmer transitioning to no-till and cover cropping. Upfront equipment switching costs are sizable, there are yield penalties in initial years, and material annual cover crop seed costs. Plus, future outcomes are blurry - carbon monitoring is imprecise, carbon sequestration seems lower than projected and variable year to year, there’s carbon re-emissions potential from natural occurrences or if practices are abandoned, carbon marketplaces are immature, and government policies are unclear.
    Episode transcript: xxx
    To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

    • 11 min
    Food, Ag, Fertilizer, and ESG From the Lens of BMO’s Farm to Market Conference

    Food, Ag, Fertilizer, and ESG From the Lens of BMO’s Farm to Market Conference

    BMO Capital Markets’ Group Head, Dan Barclay, moderates a discussion on the takeaways from BMO’s 17th Annual Farm to Market Conference across the food and agriculture value chain.
    Joel Jackson, Chemicals and Fertilizer Analyst, discusses his views on where we are in the ag cycle, the supply constraints on fertilizers, and the impacts of the invasion in Ukraine on his coverage of fertilizer companies.
    Ken Zaslow, Food and Agribusiness Analyst, takes the listener on a deep dive into how inflation is impacting his covered companies and the sector.
    Doug Morrow, Head of ESG Strategy, delves into the corporate value proposition of ESG, the implications of food insecurity, and how ag and food production contributes to climate change.
    Together, Dan and the three analysts take a deep dive into the core themes of BMO’s 17th Annual Farm to Market Conference.
    Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/4533B7E0-00AC-44FD-9DFC-DA01F656F0D9.PDF
    To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

    • 21 min
    The Outer Limits: Exploring the Cost (Opportunity) of Canada’s Net Zero ‘Pathways’

    The Outer Limits: Exploring the Cost (Opportunity) of Canada’s Net Zero ‘Pathways’

    Oil & Gas Thematic Analyst Jared Dziuba discusses the BMO Energy Research Team’s latest IN Front report: “Outer Limits: Exploring the Cost (Opportunity) of Canada’s Net Zero Pathways.’” We engage in a comprehensive discussion about the potential cost of the Canadian oil industry’s net zero ambitions as it relates to carbon abatement technology deployment, and its implications on the financial health of producers and shareholders.
    Jared emphasizes that Canada’s oil sands producers are uniquely positioned to execute on net zero ambitions given global leadership in R&D and deployment of technology including Carbon Capture, Use, and/or Sequestration (CCUS), and that while the costs are high, they are well within the free cash flow generating capacity of producers without impeding on planned growth in cash returns to shareholders. Despite this, he also explains why industry critics are irresponsible to suggest that the industry bear the full burden of costs associated with these large-scale, capital-intensive net-zero technologies aimed at achieving collective social goals despite ongoing consumer demand for oil products, given the consequence of severe erosion of shareholder returns, as well as deterioration of investor confidence and competitiveness in global energy markets. Finally, Jared points out that the ‘Pathways’ alliance among the top six oil sands producers is actively fortifying action plans, and that a pending announcement of government CCUS tax incentives may provide a catalyst to finally convert ambition to action.
    BMO clients can view our report, “The Outer Limits: Exploring the Cost (Opportunity) of Canada’s Net Zero Pathways”, by visiting:
    https://researchglobal0.bmocapitalmarkets.com/research/a9cb3724-ad43-43ee-989f-d0fa90dc2345/
    Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/2248C879-B470-4BCC-BDD6-2EC77CAA6FC1.PDF
    To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

    • 26 min

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