Environmental Cash – G Net http://gnet.org/ Fri, 04 Jun 2021 20:51:57 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://gnet.org/wp-content/uploads/2021/05/default-150x150.png Environmental Cash – G Net http://gnet.org/ 32 32 Cade 2021 Innovation Prize accepting nominations https://gnet.org/cade-2021-innovation-prize-accepting-nominations/ https://gnet.org/cade-2021-innovation-prize-accepting-nominations/#respond Fri, 04 Jun 2021 20:17:00 +0000 https://gnet.org/cade-2021-innovation-prize-accepting-nominations/ GAINESVILLE, Florida, June 3, 2021 / PRNewswire / – The 2021 Cade Prize for Innovation accepts nominations from inventors and entrepreneurs in Alabama, Georgia and Florida from June 1 – August 2, 2021. This is the second year that the competition has expanded beyond Florida to include Alabama and Georgia. The Cade Prize is one […]]]>


GAINESVILLE, Florida, June 3, 2021 / PRNewswire / – The 2021 Cade Prize for Innovation accepts nominations from inventors and entrepreneurs in Alabama, Georgia and Florida from June 1 – August 2, 2021. This is the second year that the competition has expanded beyond Florida to include Alabama and Georgia.

The Cade Prize is one of the largest cash prize competitions for innovation in Florida. Since 2010, it has attracted hundreds of creative thinkers with groundbreaking inventions that have significant market potential. This year’s Cade Prize will recognize $ 50,000 in price: $ 21,000 for the first place, $ 13,000 for second place, $ 8,000 for third place, $ 5,000 for fourth place and $ 3,000 for fifth place.

The Cade Prize celebrates innovation by identifying, recognizing and celebrating Southeastern inventors and entrepreneurs who demonstrate a creative approach to solving problems in their field of expertise. Entry categories include: environment, biology, technology, energy and a wild card category.

“The Cade Prize is one of the only prizes that recognizes early ideas that promise to change the world,” said Richard Miles, co-founder of the Cade Museum. “While most of the prizes are designed for start-up companies, the Cade Prize is available for pre-launch ideas. This means that it may take a decade to see the Cade Prize funding and recognition materialize. In fact, it’s only in the last five years that we’ve seen the first winners start to make an impact on the world. “

“As a young company at the time, winning the Cade Prize validated our efforts and our technology, which helped increase visibility in the region,” said 2013 Cade Prize winner Dr . Chris Morton, founder and CEO of NanoPhotonica.

Morton and his team have developed an innovative nanomaterial layering technique that will be used to build the next generation of electronic displays to make them brighter, thinner and cheaper to produce. Since winning the Cade Award, Samsung Ventures has made a two-step investment in the business, which included $ 3.5 million, to continue to commercialize its technology that will help make electronic devices affordable to more people around the world. NanoPhotonica has since entered new markets, applying its patented technology to the next generation of tail lights.

Opening of the Cade Prize registration period June 1 – August 2, 2021. The first round of judging, to determine the 21 finalists of Fibonacci, named after the 11th-century Italian mathematician who created the building blocks of Western mathematics, will be announced on August 16, 2021. The event will end with the final judgment and the Cade award ceremony. to be held at the Cade Museum of Creativity and Invention in Gainesville, Florida September 29, 2021.

The Prix Cade is sponsored by Florida Trend, the Gainesville Sun, Modern Luxury, Community Foundation of North Central Florida and Saliwanchik, Lloyd & Eisenschenk law firm.

To find out more about the Cade Prize, visit cademuseum.org/cadeprize.

About the Cade Museum
The mission of the Cade Museum is to transform communities by inspiring and equipping future inventors, entrepreneurs and visionaries. In 2004, Dr. James robert cadé and his family created the Cade Museum Foundation to build the Cade Museum for Creativity and Invention by Gainesville, Florida. Dr Cade, physician and professor of medicine at the University of Florida, was best known as the main inventor of Gatorade in 1965. The Cade Museum is located at 811 South Main Street, Gainesville, Florida 32601. Independent Public Foundation 501 (c) (3), the museum receives no operational funding from federal, state, or local governments, or the University of Florida. Visit CadeMuseum.org for more information.

Contact:

Catherine rohlwing
[email protected]

SOURCE Cade Museum of Creativity and Invention

Related links

http://cademuseum.org



Source link

]]>
https://gnet.org/cade-2021-innovation-prize-accepting-nominations/feed/ 0
Five things you need to know to start your day https://gnet.org/five-things-you-need-to-know-to-start-your-day/ https://gnet.org/five-things-you-need-to-know-to-start-your-day/#respond Thu, 03 Jun 2021 23:21:12 +0000 https://gnet.org/five-things-you-need-to-know-to-start-your-day/ Biden names 59 Chinese companies in amended ban. It will take another nine months to immunize enough people around the world. Tesla has problems with China. What you need to know to start your day. President Joe Biden signed an executive order amending the ban on US investment in Chinese companies started under his predecessor, […]]]>


Biden names 59 Chinese companies in amended ban. It will take another nine months to immunize enough people around the world. Tesla has problems with China. What you need to know to start your day.

President Joe Biden signed an executive order amending the ban on US investment in Chinese companies started under his predecessor, naming 59 companies with ties to the Chinese military or the surveillance industry, including Huawei and the country’s three largest telecommunications companies, China Mobile, China Unicom and China Telecommunications Corp. The ban on new investments will come into effect on August 2 at 12:01 a.m. in New York, according to administration officials. Investors will have one year to completely divest. The list also includes Aviation Industry Corp. of China, which is one of the best-known Chinese military giants, and Hangzhou Hikvision Digital Technology, the developer of surveillance cameras and facial recognition technology that has helped Chinese authorities roll out “safe city” initiatives in Xinjiang, where Uyghurs have been persecuted.

Asian stocks look poised for a lower open after US stocks slumped amid robust economic data that fueled concerns about a pullback in central bank stimulus measures. Futures slipped in Japan and Hong Kong and remained stable in Australia. The S&P 500 and Nasdaq 100 fell overnight but hit lows on signs that President Joe Biden might be ready to compromise on corporate taxes. Strong US employment data and record growth in the service sector underscored the recovery from the pandemic. The benchmark 10-year Treasury yield rose to 1.63% and the dollar surged, putting gold under pressure, as the rally in crude oil stalled. Meme stocks had another volatile session. Some think AMC is starting to look like a cult.

Vaccinations against Covid-19 reaches 2 billion as the world fights to control the pandemic. It took just over six months to reach the milestone, an extraordinary achievement precipitated by countries’ desperation to save lives and reopen their economies. Yet at the current rate, it will take nine more months to vaccinate 75% of the world’s population, a threshold that could provide so-called herd immunity. Meanwhile, China cannot start easing restrictions like the United States has because it has no way of analyzing the effectiveness of its vaccines in its largely Covid-free population, according to a senior health official; here is where you can and cannot fly right now; and rich countries are finally getting the message that no one is safe until everyone is safe.

Tesla shares fell on a report that the electric car maker Chinese orders fell by almost half in May. The stock, which was already down more than 30% from its peak at the end of January, fell 5.3% on Thursday. Shares also fell after a US regulator disclosed the recall of more than 5,500 Model 3 and Y vehicles as well as nearly 2,200 Model Y for separate seat belt faults. During this time the business started recruiting for managerial and high-level positions in India as he seeks to break into this potentially huge market, and as if he doesn’t have enough on his plate, Elon Musk has filed trademark documents for a Tesla restaurant concept.





Source link

]]>
https://gnet.org/five-things-you-need-to-know-to-start-your-day/feed/ 0
Exor and 7-Industries further strengthen Welltec’s support https://gnet.org/exor-and-7-industries-further-strengthen-welltecs-support/ https://gnet.org/exor-and-7-industries-further-strengthen-welltecs-support/#respond Thu, 03 Jun 2021 07:36:06 +0000 https://gnet.org/exor-and-7-industries-further-strengthen-welltecs-support/ PRESS RELEASE June 3, 2021 Exor and 7-Industries further strengthen Welltec support The two European holdings purchase the remaining shares of founder Jørgen Hallundbæk. the global com technologyAllerød based company (Copenhagen) is considering its next stage of growth, including the development of geothermal energy and carbon capture & storage business. Welltec (the “Company”) announces that […]]]>


PRESS RELEASE June 3, 2021

Exor and 7-Industries further strengthen Welltec support

The two European holdings purchase the remaining shares of founder Jørgen Hallundbæk. the global com technologyAllerød based company (Copenhagen) is considering its next stage of growth, including the development of geothermal energy and carbon capture & storage business.

Welltec (the “Company”) announces that Exor and 7-Industries have completed the purchase of the remaining shares of Welltec from its founder Jørgen Hallundbæk, increasing their stake in the global technology company to 95%. Welltec was founded in 1994 and today is a world leader in robotic servicing and maintenance of oil and gas wells as well as expandable metal insulation and integrity packers. Within these two categories, Welltec holds respective global market shares of 55% and 40%, the two technology portfolios considerably reducing environmental risks and the ecological footprint. Over the past three years, the Company has also entered the geothermal and emerging carbon capture and storage markets and aims to accelerate its growth in these areas.

In recent years, Welltec has made incremental changes to its organization and ownership. With this final step, the Company envisions its next stage of growth by leveraging its high-tech solutions for the energy industry. Peter Hansen will remain CEO and the company, based in Allerød, north of Copenhagen, will remain true to the Nordic values ​​and culture on which the company was built.

“We are world leaders in our service and product categories and are determined to further strengthen our positions. With this strong support from our dedicated owners, we can now accelerate our development in carbon capture and storage and geothermal energy, while continuing to be a global leader in our oil and gas niche segments. . I think this will create a solid platform for the future, ”says Peter Hansen.

Today, Welltec is a global company with 815 employees in 38 offices and operational bases in 22 countries. Welltec’s revenues have grown rapidly since 2017 to reach $ 257 million in 2019 with EBITDA of $ 101 million (39%) and healthy operating cash flow. In 2020, a very difficult year for the industry as a whole, the Company experienced a revenue decline of less than 15%, and the Company managed to maintain operating margins close to 40% (88 million euros). dollars), which places it among the best in the industry. . In spring 2021, the Company will benefit from increased activity in its markets.

The two European holdings Exor and 7-Industries invest for the long term in companies with high technological and industrial potential. Exor and 7-Industries jointly comment on the significant increase in investments in Welltec:

“After the initial investment of Exor and 7-Industries in Welltec six years ago, we are significantly increasing our investment and we are delighted to bring Welltec to the forefront of its industry, also supporting its development. into new, safer and cleaner businesses. “

For more information contact:
Anne Vium, Radius CPH
Email: avi@radiuscph.dk
Telephone: +45 27 59 14 62

About Welltec
Welltec is a global technology company that develops and delivers efficient high-tech solutions for the energy industry. The company was founded in 1994 by Jørgen Hallundbæk and has grown rapidly by providing innovative robotic technology to the oil and gas industry. In 2010, Welltec began the technological development of a new business segment: metal expandable packers. Marketing started in 2014 and Welltec has also become a world leader in this category.

Welltec’s industry-leading products and services are designed to optimize well performance and integrity in all environments. Through advanced engineering and lightweight design, Welltec’s solutions have been helping customers increase operational efficiency and reduce environmental emissions and carbon footprint in a safe and sustainable manner for over 25 years.

In Denmark, Welltec has two technology and manufacturing centers in Allerød and Esbjerg, which employ 183 and 53 people respectively.

About Exor
Exor is one of the largest diversified holding companies in Europe and is controlled by the Agnelli family. For over a century, Exor has made successful investments and built great companies around the world with a culture that combines entrepreneurship and financial discipline. With a net asset value of around $ 33 billion, its portfolio is mainly made up of companies of which Exor is a reference shareholder: Ferrari, Stellantis, PartnerRe, CNH Industrial, Juventus FC, The Economist, GEDI Gruppo Editoriale and Shang Xia.

About 7-Industries
7-Industries is a Single Family Office, owned and chaired by Mrs. Ruthi Wertheimer, founded in 2007. It invests in leading industrial and life science companies, owned by families and entrepreneurs, and seeks minority partnerships long term, globally. Ms Wertheimer’s family office was established following the purchase of Berkshire Hathaway by Warren Buffett in 2006 from the IMC Group, the world leader in precision metal cutting tools, founded by Ms Wertheimer’s parents. Its partnership solution is designed for families and entrepreneurs who want to ensure their continued growth while preserving their independent character and culture. Over time and with a clear focus, 7-Industries has accumulated a rich industrial knowledge, experience and network, and brings first-hand insight into the practices and life cycles of family businesses.



Source link

]]>
https://gnet.org/exor-and-7-industries-further-strengthen-welltecs-support/feed/ 0
Here are the best methane emitters in the United States. Some will surprise you. https://gnet.org/here-are-the-best-methane-emitters-in-the-united-states-some-will-surprise-you/ https://gnet.org/here-are-the-best-methane-emitters-in-the-united-states-some-will-surprise-you/#respond Wed, 02 Jun 2021 20:30:32 +0000 https://gnet.org/here-are-the-best-methane-emitters-in-the-united-states-some-will-surprise-you/ As the global oil and gas giants face increasing pressure to reduce their fossil fuel emissions, small private drilling companies are becoming the country’s biggest emitters of greenhouse gases, often by buying back very strong assets. industrial pollutants. According to a new analysis of the latest emissions data disclosed to the Environmental Protection Agency, five […]]]>


As the global oil and gas giants face increasing pressure to reduce their fossil fuel emissions, small private drilling companies are becoming the country’s biggest emitters of greenhouse gases, often by buying back very strong assets. industrial pollutants.

According to a new analysis of the latest emissions data disclosed to the Environmental Protection Agency, five of the industry’s top ten emitters of methane, a particularly potent gas for global warming, are producers of low oil and gas. known, some backed by obscure investment firms. , whose environmental footprints are extremely important in relation to their production.

In some cases, companies buy highly polluting assets directly from the largest oil and gas companies, such as ConocoPhillips and BP; in other cases, private equity firms acquire risky oil and gas properties, develop them and sell them quickly for maximum profit.

The largest emitter, Hilcorp Energy, reported nearly 50% more methane emissions from its operations than the country’s largest fossil fuel producer, Exxon Mobil, despite pumping far less oil and gas. Four other relatively unknown companies – Terra Energy Partners, Flywheel Energy, Blackbeard Operating and Scout Energy – each said they emit more gas than many heavyweights in the industry.

These companies have largely escaped public scrutiny, even though they have become major polluters.

“It’s amazing how small operators manage to be a huge part of the problem,” said Andrew Logan, senior director of oil and gas at Ceres, a network of nonprofit investors that commissioned the ‘study with the Clean Air Task Force, an environmental group. “There’s just no pressure on them to do things better. And being a clean operator, unfortunately, is not a priority in this business model.

Hilcorp spokesperson Nick Piatek said the company “is spending significant capital on modernizing and refurbishing aging equipment” at its newly acquired sites and that its investments will ultimately reduce emissions while extending the lifespan of these assets. “We inherit these shows,” he said.

Analysis, conducted by energy consulting firm MJ Bradley & Associates using data companies are required to submit to the EPA’s greenhouse gas reporting program, highlights climate consequences methane.

The main component of natural gas, methane can heat the planet more than 80 times more than the same amount of carbon dioxide over a 20-year period if it escapes into the atmosphere before being burned. A recent United Nations report identified the oil and gas industry as having the greatest potential for reducing its methane emissions, and the Biden administration is in the process of reinstating methane regulations loosened by President Donald J. Trump.

Blackbeard Operating said a recent review found the company overestimated its emissions to the EPA and would update its numbers soon. He said one of Blackbeard’s top priorities was to reduce emissions from its operations. Terra Energy declined to comment. Flywheel Energy and Scout Energy did not respond to requests for comment.

The analysis also comes with some important caveats. EPA data, as of 2019, includes emissions from drilling and hydraulic fracturing sites, but excludes emissions from offshore drilling, as well as parts of the oil and gas supply chain such as pipelines or oil rigs. processing plants. Recent research has shown that official data is likely to significantly underestimate actual emissions from oil and gas production, in part because it does not properly account for equipment leaks, which can be a source significant emissions. Poorly maintained sites often mean more leaks that go undetected any longer, making them very polluting.

Still, the results allow for comparisons between producers in a way that other emissions disclosures do not, highlighting how much greenhouse gas emissions can vary between operators, experts said.

“A comparison is only as good as actual data at the company level,” said Drew Shindell, professor of earth sciences at Duke University and lead author of the United Nations report on methane. “Having said that, I think it’s interesting that some of the various high emission intensities are coming from quite small players that hardly anyone has probably ever heard of.”

EPA spokeswoman Enesta Jones said the agency “is still working to improve and develop” the means to track broadcasts.

The new analysis also shows how, as the oil and gas giants begin to move away from fossil fuels for a long time, they are handing over some of their most polluting assets to companies that offer almost no transparency in their operations.

“You have an industry that, in a sense, is managing its decline,” said Kathy Hipple, professor of finance at Bard College. “It’s going to be ugly.”

When ConocoPhillips sold its old gas wells in the San Juan Basin, northwestern New Mexico, to Hilcorp Energy in 2017, it got rid of a struggling and aging operation that had weighed on its results. The fossil fuel giant has also got rid of very polluting assets.

That year, ConocoPhillips reported that its greenhouse gas emissions had fallen by about 20%. In 2018, she became a founding member of the Climate Leadership Council, a coalition of companies calling for a carbon tax.

But these shows did not just disappear. Hilcorp Energy, owned by Houston-based billionaire Jeff Hildebrand, was one of the top polluters, according to EPA data.

Hilcorp, which grew by buying decades-old oil and gas assets, has the highest methane emissions in the country, despite being the 13th largest gas producer, according to the new analysis. Hilcorp’s methane emission intensity, or leak rate, was almost six times the average of the top 30 producers, in large part because of high emissions from its aging San Juan operations.

“So nothing has changed from a climate point of view, although it has certainly made ConocoPhillips much more beautiful,” said Logan de Ceres.

ConocoPhillips said it was unable to comment on the accuracy of the analysis, but also said the company has emission reduction targets consistent with the Paris Agreement target of maintaining the global temperature rise to less than 2 degrees Celsius above pre-industrial levels.

The offloading of aging and highly polluting assets by large fossil fuel companies is very likely to intensify. Rystad Energy, an Oslo-based energy consultancy, predicts that by the end of the decade the world’s largest oil and gas companies will divest more than $ 100 billion in assets as they grow. adapt to the energy transition. Last year, Hilcorp bought BP’s oil and gas business in Alaska.

“The global energy market is on the brink of a major shift to cleaner energy sources” and the oil majors are looking “to dramatically streamline their portfolios,” Rystad analysts said last year. “As a result, several billion dollars in assets are about to change hands.”

Terra Energy Partners, backed by investment fund Warburg Pincus, joined the hydraulic fracturing boom in 2015 and has grown to become one of Colorado’s largest natural gas producers.

Companies like Terra aimed to make a quick buck by buying oil and gas production sites, ramping up production, and selling them for a net profit. But these companies have struggled because an overabundance of production has caused natural gas prices to plummet. The Covid-19 pandemic has plunged the sector into further disarray.

To address this, Terra reduced operating expenses at its oil and gas production sites by approximately 30%, enabling the company to generate significant cash flow and return capital to shareholders. despite low natural gas prices. Terra now ranks fourth in the industry in methane emissions, ahead of fossil fuel giant BP, despite producing less than a fifth of its output. Warburg Pincus declined to comment.

Terra’s private equity firms, Flywheel Energy, Blackbeard Operating and Scout Energy, are also among the top ten emitters of methane. Overall, the 195 smallest producers included in the report collectively represent only 9 percent of production, but they are responsible for 22 percent of total reported emissions. Bankruptcies have also increased, raising concerns about a growing number of orphaned and abandoned wells.

Now, as oil prices rebound, there are fears that these privately funded companies are trying one last step to get the most out of their investment. Private shale drilling and fracking has been a major driver of the recent increase in oil and gas drilling in the United States.

“When profits are reduced, cash flow is reduced,” said Ms Hipple, Professor Bard, “safety protocols, pollution, are not being followed as they should be.”

Of course, large producers remain large emitters. For overall greenhouse gas emissions, Exxon Mobil reported the highest numbers in the industry in 2019, a record that is expected to become a top priority as the company grapples with two directors focused on the climat recently elected to its board of directors by shareholders increasingly wary of its exposure to the climate. risks. Many oil and gas giants have joined voluntary industry-wide initiatives to reduce emissions.

Experts point out that leak detection and monitoring technology has become more sophisticated in recent years, and scientists plan to use satellites soon to monitor methane emissions from space in real time. Replacing obsolete equipment that uses gas pressure to run equipment at sites that have no electricity would also reduce methane releases, as would better maintenance of storage tanks and compressors, and elimination of flaring and ventilation.



Source link

]]>
https://gnet.org/here-are-the-best-methane-emitters-in-the-united-states-some-will-surprise-you/feed/ 0
Myanmar timber auction disappoints cash-strapped junta https://gnet.org/myanmar-timber-auction-disappoints-cash-strapped-junta/ https://gnet.org/myanmar-timber-auction-disappoints-cash-strapped-junta/#respond Wed, 02 Jun 2021 11:15:21 +0000 https://gnet.org/myanmar-timber-auction-disappoints-cash-strapped-junta/ Illegal wood seized under the government of the National League for Democracy. / Forestry Department Through The Irrawaddy June 2, 2021 Myanma Timber Enterprise sells hardwoods at low prices because few bidders were interested and the timber market is slow after Myanmar’s coup, industry insiders have said. There were few bidders when the state-owned company […]]]>



Illegal wood seized under the government of the National League for Democracy. / Forestry Department

Through The Irrawaddy June 2, 2021

Myanma Timber Enterprise sells hardwoods at low prices because few bidders were interested and the timber market is slow after Myanmar’s coup, industry insiders have said.

There were few bidders when the state-owned company sold timber in three separate auctions in late May, as the military regime sought to acquire hard currency by selling illegal timber.

More than 10,200 tonnes of timber were sold for around US $ 5 million (8.2 billion kyat) at auction and industry insiders said revenues were low due to limited competition in the auctions .

“Few companies made offers and the offers fell more than 10% as demand declined,” said a source from Myanma Timber Enterprise.

Illegal timber seized under the NLD government. / Forestry Department

According to industry insiders, Nagani Group Co, Maung Maung Thein Co, United Industrial Co, Win Enterprise Co, MTK Timber Pte Ltd, United Wood Industries Co, Yadi Shin Thant Co, Thein Than Tun Co, Katpana Timber Ltd, National Wood Industries Co, Green Links Pte Ltd bought timber at auction.

Previous anti-regime protesters and the Government of National Unity (NUG), the shadow government formed to compete with the junta, called on logging companies to boycott the auctions.

NUG Resources and Conservation Minister Tu Hkawng urged companies to stop cooperating with the military regime and join the civil disobedience movement by not paying for timber.

Firms bidding for less than 1,000 tonnes of timber had to pay a cash deposit of $ 10,000 (16.4 million kyat), those offering between 1,000 and 2,000 tonnes of timber had to pay $ 20,000 and those offering between 2,000 and 3,000 tonnes paid $ 30,000. If they fail to make payment within 75 days, their deposits and lumber will be foreclosed.

The International Environmental Investigation Agency reported in May that the junta was seeking hard currency by selling tens of thousands of tonnes of illegal timber, including some 200,000 tonnes seized under the government of the National League for Democracy.

Illegal timber seized under the NLD government. / Forestry Department

The regime, which is fighting international sanctions, also sold jade, gems and pearls at an April auction in Naypyitaw, earning more than 3.3 billion kyat ($ 2 million).

NUG said it would blacklist companies and traders who participated in the junta’s natural resource auctions. He also warned that he would blacklist government employees involved in the auction for embezzlement of public property.

Illegal logging has increased since the February coup and the Forest Department has been unable to do anything to stop illegal logging, a source told the department.

“Illegal logging had previously declined because the Forestry Department rewarded information leading to the arrest of illegal loggers. But we can no longer protect our resources, ”he said.


You might also like these stories:

Dissolve NLD and Burmese Junta to investigate “violations” of parties’ registration promises

Thai court sentences Burmese journalists fleeing junta to jail

Daily Myanmar Post-Coup Update: June 1



Source link

]]>
https://gnet.org/myanmar-timber-auction-disappoints-cash-strapped-junta/feed/ 0
What is the European Green Deal? https://gnet.org/what-is-the-european-green-deal/ https://gnet.org/what-is-the-european-green-deal/#respond Tue, 01 Jun 2021 18:05:29 +0000 https://gnet.org/what-is-the-european-green-deal/ The block’s environmental impact transformation plan is far from assured Explain the world, every dayThe Economist explains June 1, 2021 CLIMATE ACTIVITIES, policymakers and delegates from European cities come together (virtually) for European Union Green Week, an annual discussion workshop. This year’s event is dedicated to finding ways to stop air, water and soil pollution […]]]>


The block’s environmental impact transformation plan is far from assured

Explain the world, every day
The Economist explains

CLIMATE ACTIVITIES, policymakers and delegates from European cities come together (virtually) for European Union Green Week, an annual discussion workshop. This year’s event is dedicated to finding ways to stop air, water and soil pollution (previous themes included how to implement environmental laws and make cities climate-friendly). This objective aligns with another adopted by the EU as part of the European Green Deal. The deal emerged from the European Commission (the EU’s executive arm) in December 2019. It is the bloc’s most ambitious attempt to date to tackle climate change and environmental degradation. . All 27 Member States, with the exception of smog-ridden Poland, are backing it. What does the agreement actually imply?

The economist today

Handpicked stories, in your inbox

A daily email with the best of our journalism

The European Green Deal is a thin 24 page document with enormous scope and lack of detail. The main goal is for the EU to achieve net zero greenhouse gas emissions by 2050, with the aim of keeping global temperatures between 1.5 and 2 ° C above pre-industrial levels. At the base of this are a multitude of interconnected goals covering almost every element of society and the economy. These include decoupling economic growth and resource consumption by moving to a “circular” economy that increases recycling and reduces waste; prevent biodiversity loss and deforestation; the overhaul of agriculture and the electrification of transport.

The agreement itself is not a piece of legislation but a set of agreed objectives. Achieving this will require radical new rules. The most important of these is a European climate law that enshrines the 2050 goal of net zero emissions, the details of which were agreed by European politicians in April 2021, including an interim obligation for member states to reduce their emissions “by at least” 55% from 1990 levels by 2030. It is part of a wave of green regulation that is making its way through the Brussels bureaucracy.

The European Green Deal also demands considerable sums. The investment plan that supports it proposed 1 billion euros ($ 1.2 billion) of investment over ten years. Of this amount, around half is supposed to come from the European Emissions Trading System and the EU budget. In the budget, much of the promised funding appears to have been evoked by re-labeling money that would have been spent anyway, for example on infrastructure and agriculture. The rest is based on the mobilization of unprecedented private investment. The committee itself has previously estimated that the bloc will need 260 billion euros per year to meet its climate and energy targets by 2030. Even if such sums are increased, member states will find it difficult to get down to it. agree on how they should be spent. Those in the north and west want to focus on investing in technologies such as batteries and power grids; poorer states in the south and east are wondering how to support their economies during the transition. Poland has already declared itself exempt from the 2050 target.

Surprisingly, the covid-19 pandemic could help overcome these disagreements. Countries hoping for a reduction of the 672.5 billion euros in grants and loans from the Union’s stimulus fund will have to spend them on plans approved by Brussels, with 37% earmarked for climate-friendly spending and all submitted to a “do no harm” principle that should, in theory, prevent money from being used for projects that run counter to climate goals. The need for liquidity could lead even the most recalcitrant countries to align. Extraordinary times can still prove the conclusion of the Green Deal.



Source link

]]>
https://gnet.org/what-is-the-european-green-deal/feed/ 0
Investors will want Aeris Environmental’s (ASX: AEI) ROCE growth to persist https://gnet.org/investors-will-want-aeris-environmentals-asx-aei-roce-growth-to-persist/ https://gnet.org/investors-will-want-aeris-environmentals-asx-aei-roce-growth-to-persist/#respond Mon, 31 May 2021 20:03:05 +0000 https://gnet.org/investors-will-want-aeris-environmentals-asx-aei-roce-growth-to-persist/ Did you know that certain financial measures can provide clues about a possible multi-bagger? Ideally, a business will display two trends; first growth return on capital employed (ROCE) and, on the other hand, an increase amount capital employed. If you see this, it usually means it’s a company with a great business model and plenty […]]]>


Did you know that certain financial measures can provide clues about a possible multi-bagger? Ideally, a business will display two trends; first growth return on capital employed (ROCE) and, on the other hand, an increase amount capital employed. If you see this, it usually means it’s a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we’ve noticed some promising trends at Aeris Environment (ASX: AEI) so let’s look a little deeper.

Return on capital employed (ROCE): what is it?

For those who don’t know, ROCE is a measure of a company’s annual pre-tax profit (its return), relative to the capital employed in the company. To calculate this metric for Aeris Environmental, here is the formula:

Return on capital employed = Earnings before interest and taxes (EBIT) ÷ (Total assets – Current liabilities)

0.066 = AU $ 1.2m ÷ (AU $ 20m – AU $ 2.6m) (Based on the last twelve months up to December 2020).

Therefore, Aeris Environmental has a ROCE of 6.6%. In the end, that’s a low return and underperforming the commercial services sector average of 9.0%.

Check out our latest analysis for Aeris Environmental

ASX: AEI Return on Capital Employed May 31, 2021

While the past is not representative of the future, it can be helpful to know how a business has behaved historically, which is why we have this graph above. If you want to dig deeper into Aeris Environmental’s past, check out this free graph of past income, income and cash flow.

What can we say about Aeris Environmental’s ROCE trend?

We are delighted to see that Aeris Environmental is reaping the rewards of its investments and is now generating pre-tax profits. Shareholders would no doubt be delighted because the company was in deficit five years ago but now generates 6.6% of its capital. On top of that, Aeris Environmental employs 184% more capital than before, which is expected of a company trying to gain profitability. This can tell us that the company has many reinvestment opportunities that are able to generate higher returns.

The essentials on Aeris Environmental’s ROCE

Overall, Aeris Environmental gets a big tick from us thanks in large part to the fact that it is now profitable and is reinvesting in its business. Savvy investors may have an opportunity here because the stock has fallen 61% over the past five years. With that in mind, we believe the promising trends warrant this stock for further investigation.

On a final note, we found 3 warning signs for Aeris Environmental (1 should not be ignored) you should be aware of this.

For those who like to invest in solid companies, Check it out free list of companies with strong balance sheets and high returns on equity.

Promoted
When trading Aeris Environmental or any other investment, use the platform seen by many as the trader’s gateway to the global market, Interactive Brokers. You benefit from the lowest * trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account.

This Simply Wall St article is general in nature. It does not constitute a recommendation to buy or sell stocks and does not take into account your goals or your financial situation. We aim to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative information. Simply Wall St has no position in the mentioned stocks.
*Interactive Brokers Ranked Least Expensive Broker By StockBrokers.com Annual Online Review 2020

Do you have any comments on this article? Concerned about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.



Source link

]]>
https://gnet.org/investors-will-want-aeris-environmentals-asx-aei-roce-growth-to-persist/feed/ 0
British Prime Minister Boris Johnson hugs his fiancee in private ceremony https://gnet.org/british-prime-minister-boris-johnson-hugs-his-fiancee-in-private-ceremony/ https://gnet.org/british-prime-minister-boris-johnson-hugs-his-fiancee-in-private-ceremony/#respond Sun, 30 May 2021 19:00:17 +0000 https://gnet.org/british-prime-minister-boris-johnson-hugs-his-fiancee-in-private-ceremony/ British Prime Minister Boris Johnson married his fiancee, Carrie Symonds, in a small private ceremony that took place at the end of a tumultuous week in which a former senior official said he was not not fit to perform his duties. The couple tied the knot on Saturday at Westminster Roman Catholic Cathedral in front […]]]>


British Prime Minister Boris Johnson married his fiancee, Carrie Symonds, in a small private ceremony that took place at the end of a tumultuous week in which a former senior official said he was not not fit to perform his duties.

The couple tied the knot on Saturday at Westminster Roman Catholic Cathedral in front of a small group of friends and family, Johnson’s office said on Sunday, confirming newspaper reports published overnight. Photos taken after the ceremony in the garden of the Prime Minister’s residence showed Symonds in a long white gown and a floral headband. Johnson wore a dark suit.

“The Prime Minister and Mrs Symonds got married yesterday afternoon in a small ceremony at Westminster Cathedral,” Downing Street said. “The couple will celebrate their wedding with family and friends next summer.”

The couple are said to have sent reservation cards to family and friends for a celebration on July 30, 2022. Under current coronavirus restrictions in England, no more than 30 people can attend a wedding.

Johnson, 56, and Symonds, a 33-year-old Conservative Party insider and conservationist, announced their engagement in February 2020. Their son, Wilfred, was born in April of last year.

The marriage is Johnson’s third. He has at least five other children from previous relationships.

Johnson’s previous marriages would not have prevented him from having a Catholic wedding because they had not taken place in the Catholic Church, Matt Chinery, a church lawyer and canonist, told Times Radio.

“In the eyes of the Catholic Church, Boris Johnson woke up last week as someone who was not married and had never been married and therefore was free to marry in the cathedral this weekend “, did he declare.

Johnson was baptized a Catholic, but was confirmed as a member of the Church of England as a teenager.

The last British Prime Minister to marry in office was Lord Liverpool in 1822.

The marriage followed a difficult political week for Johnson.

His former senior aide, Dominic Cummings, told lawmakers on Wednesday that Johnson messed up the government’s response to the coronavirus pandemic and said he was “unfit for the job”.

Britain has the highest number of coronavirus deaths in Europe, with more than 128,000 people, but it has also produced one of the most successful vaccination programs in the world, inoculating 74% of its adults. Daily deaths have fallen to single digits of late, from more than 1,800 a day in January.

A government ethics counselor released his long-awaited findings on the ‘cash for curtains’ scandal in which Johnson was criticized for failing to reveal that a wealthy Conservative Party donor paid for the home’s redecorating on Friday. Prime Minister’s official in London. Although Johnson later settled the bill, the investigation found Johnson had acted “recklessly” in carrying out the work without knowing where the money was coming from.

The opposition Labor Party was leaving Johnson no space for a honeymoon, with Labor lawmaker Jon Trickett suggesting the weekend wedding was ‘a good way to bury this week’s bad news’.



Source link

]]>
https://gnet.org/british-prime-minister-boris-johnson-hugs-his-fiancee-in-private-ceremony/feed/ 0
Traditional Skagway Council at the “ tip ” with Eulachon counting https://gnet.org/traditional-skagway-council-at-the-tip-with-eulachon-counting/ https://gnet.org/traditional-skagway-council-at-the-tip-with-eulachon-counting/#respond Sat, 29 May 2021 21:35:46 +0000 https://gnet.org/traditional-skagway-council-at-the-tip-with-eulachon-counting/ By Melinda Munson At eight to 10 inches long, the silvery-colored eulachon may look less impressive than the more famous Alaskan salmon, but with a greater fat content and an earlier stroke, the small fish provide much needed food for humans. and to nature as spring begins to creep in. in Southeast Alaska. Eulachon, pronounced […]]]>


By Melinda Munson

At eight to 10 inches long, the silvery-colored eulachon may look less impressive than the more famous Alaskan salmon, but with a greater fat content and an earlier stroke, the small fish provide much needed food for humans. and to nature as spring begins to creep in. in Southeast Alaska.

Eulachon, pronounced you-la-con, is often referred to as a hooligan, as Western settlers are unable or unwilling to mimic the pronunciation of Alaskan natives more closely. Creatures are also called candles – when dried, they can be lit. Eulachon has supported life for thousands of years, an important food, oil source, and trade item.

The Eulachins of Southeast Alaska are the first signs of spring. Locals fish for them by dipping nets into the boiling water, usually filling several coolers, then freezing, drying and storing the fish for future use. But this year, there were no flashes of silver bodies and no abundance of eulachon. This is bad news for those who fish, and even worse for the ecosystem.

“They (eulachon) feed the whole organic community,” said Reuben Cash, environmental coordinator for the Skagway Traditional Council (STC). Normally, Eulachon runs provide much needed nutrients for plants and animals. The race is “followed by a wave of animals” such as seals, birds and sea lions, which depend on nutrition after a long winter.

Not much is known about eulachon, which is why Cash, a former red-haired bartender turned professional scientist, is studying the species. He theorizes that Eulachon has a cycle of five to six years. According to Cash, 2016 was a bad race. Perhaps Skagway is now seeing the offspring of this disappointing comeback.

There could be other explanations. This spring has been exceptionally cold, the snow is slowly melting. The Eulachins are opportunists. Unlike salmon, they don’t need to return to familiar waters. They are sensitive to noise and will choose another path if the conditions are too noisy. According to Cash, the Chilkoot River was the only waterway nearby that had a significant stroke.

Cash joined a local study in 2017 to count eulachon. He described it as “labor intensive”, with 4 to 6 crew members working eight hours a day as they channeled the fish into a trap that led to a holding container. Today, Cash uses environmental DNA (eDNA), collecting water samples before, during and after the race to estimate the eulachon population. Cash said the new technology is less labor-intensive and puts less strain on the fish.

STC is working in cooperation with the Chilkoot Indian Association, Takshanuk Water Council and Oregon State University for the eDNA project. Cash said STC and its partners are at the “cutting edge of science” and don’t know that anyone who studies eulachon the same way.

Along with updated technology, Cash also caters to those who know Eulachon intimately – the Alaskan natives whose inhabitants have relied on and studied fish for generations, passing on their traditional knowledge.

“I think we need to ask more alumni for their stories,” Cash said. He noted a recent resurgence of scientific interest in the environmental wisdom of Indigenous people.

“Western science has finally figured this out. It’s a treasure, ”Cash said.



Source link

]]>
https://gnet.org/traditional-skagway-council-at-the-tip-with-eulachon-counting/feed/ 0
Campaign finance bill misses ‘reform’ – Medford News, Weather, Sports, Breaking News https://gnet.org/campaign-finance-bill-misses-reform-medford-news-weather-sports-breaking-news/ https://gnet.org/campaign-finance-bill-misses-reform-medford-news-weather-sports-breaking-news/#respond Sat, 29 May 2021 07:00:00 +0000 https://gnet.org/campaign-finance-bill-misses-reform-medford-news-weather-sports-breaking-news/ There are two bills in the Oregon House proposing election contribution limits. The first, Bill 3343, proposes clear and modest limits and enjoys the support of good government groups that have long struggled to cap donations. The other, House Bill 2680, does little to curb the massive contributions that businesses and unions have long made […]]]>


There are two bills in the Oregon House proposing election contribution limits. The first, Bill 3343, proposes clear and modest limits and enjoys the support of good government groups that have long struggled to cap donations. The other, House Bill 2680, does little to curb the massive contributions that businesses and unions have long made to candidates and political parties.

So guess which bill has momentum?

Unfortunately for Oregonians who want to make a lot of money from politics, it would be the HB 2680, which was scheduled to be the subject of a working session in the House Rules Committee on Friday.

The bill, in its current version, imposes certain limits. Candidates for a statewide office – such as governor or secretary of state – could not accept more than $ 2,900 per individual election or $ 40,000 from a caucus committee. ‘a political party. Candidates for State House and Senate seats face lower limits. Local governments could set their own ceilings, as long as they do not exceed those of the state.

The range of per capita contributions is much higher than the ceilings of $ 500 to $ 1000 envisioned by HB 3343, but more importantly, HB 2680 would have little effect on changing the dynamics established by the same actors who have long been dominated the political landscape – businesses and unions. Gaps and design flaws abound in the legislation, opposed by the League of Women Voters of Oregon, Common Cause Oregon, OSPIRG, Honest Elections Oregon and several other groups that have pushed for meaningful contribution caps.

Among the flaws: A “person” who can give to a candidate is defined as “an individual, union or company, including any company operated for economic purposes or any non-profit company”. Entities can easily bypass the limit by forming new businesses, which takes $ 100 and a few minutes, as campaign finance reform activist and advocate Dan Meek said, noting that many have exploited a loophole. similar campaign contribution in New York before the state closed it.

There is more. The bill would allow businesses – both for-profit and not-for-profit – to provide a candidate with $ 50,000 per year in paid staff time, such as a political consultant. This gives the donor considerable influence in a candidate’s campaign. This would allow Democratic and Republican caucus committees to raise and redirect donations at much higher levels than most other political committees. And he would continue to bless groundbreaking donations from public sector employee unions and other so-called “member organizations” who would still be able to indirectly direct massive sums to candidates through ” small donor committees, ”as The Oregonian / OregonLive’s Hillary Borrud reported.

Corvallis Democratic Representative Dan Rayfield, the bill’s main sponsor, deserves credit for wading through the campaign finance slump. But even he cannot support the current version without changes, telling the Oregonian / OregonLive editorial board that he would like the amendment allowing the donation of staff time to be reduced, but not eliminated. He said the provision contributes to a legitimate political goal – to help organizations that have been historically excluded from the political process to participate on behalf of the candidates.

It is a valid consideration. But lawmakers should look for other ways to support that goal that don’t allow the same former players to continue playing the same old game. Nineteen states outright ban corporate and union contributions, according to Meek, who helped to write up the successful campaign funding limitation initiatives in Portland and Multnomah County. 23 other states have much stricter limits than those considered in Oregon.

The 2019 Oregonian / OregonLive Polluted by Money series revealed how Oregon’s lack of campaign contribution limits resulted in weaker environmental laws and lower standards than neighbors with stricter campaign finance requirements. Oregonians responded by overwhelmingly backing a constitutional amendment last year to allow campaign limits to be set. And voters in Portland and Multnomah County have already enthusiastically embraced voting initiatives that set hard caps. The only part missing is the Legislative Assembly.

While divorce campaigns are an admittedly difficult challenge from the endless injections of money that fueled them, lawmakers on Capitol Hill must use their political courage to do what Oregonians elected them to do.

They should start by dropping HB 2680, taking the simple approach of HB 3343, and committing to meaningful campaign finance reform this session.



Source link

]]>
https://gnet.org/campaign-finance-bill-misses-reform-medford-news-weather-sports-breaking-news/feed/ 0