NewzIntel.com

Category: Americas

  • MIL-OSI USA: Cramer Questions Nominees at EPW Hearing on American Excellence Compared to Global Polluters

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)
    Click here for audio. Click here for video
    WASHINGTON, D.C. – The Senate Environment and Public Works (EPW) Committee held a hearing today to consider the nominations of David Fotouhi to serve as Deputy Administrator of the Environmental Protection Agency (EPA) and Aaron Szabo to serve as Assistant Administrator for the Office of Air and Radiation of the EPA.
    Fotouhi served in the EPA as Acting General Counsel during the first Trump administration. Szabo previously served on the Nuclear Regulatory Commission and the Council on Environmental Quality. 
    U.S. Senator Kevin Cramer (R-ND) questioned the witnesses on the difference between the United States’ leadership in emissions compared to the rest of the world. Even as the U.S. grows its economy, manufacturing base, and energy sector, emissions have been reduced. In particular, emissions from the energy sector over the last 20 years have sharply decreased. As Szabo explained in his opening statement, since the enactment of Clean Air Act in 1970, “the United States has made remarkable progress in reducing air pollution. We have seen significant decreases in carbon monoxide, sulfur dioxide, lead, ground level, ozone, particulate matter, and other hazardous air pollutants.”
    [embedded content]
    Cramer asked Szabo and Fotohui about why companies would invest in the U.S. if there is a noncompetitive regulatory environment and how the United States measures up.
    “This isn’t going to be shocking anyone, but we have significantly decreased, both our greenhouse gas and traditional air pollution emissions tremendously, especially over the past 20 years,” said Szabo. “Other countries, such as China, have significantly increased their greenhouse gas emissions as well as their traditionally air pollution emissions over the years. What we are seeing now actually is that international emissions, […] traditional air pollution from China impacts states like California, due to the transport from the Pacific. Generally, if we shut off all greenhouse gas emissions in this country tomorrow, that would not have any real impact with the increases that we’ve seen from other countries around the world, specifically China.”
    “American greenhouse gas emissions have decreased by something like a million tons per year while China’s have increased by something like six to seven million tons per year, completely swamping our hard-earned reductions in greenhouse gas emissions,” responded Fotohui. “So I think, to the extent there needs to be work to be done to address that issue, it needs to be done both domestically and globally.”

    MIL OSI USA News –

  • MIL-OSI USA: Kaine, Britt, Carbajal, Lawler Lead Introduction of Bipartisan, Bicameral Proposal to Make Child Care More Affordable

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. – Yesterday, U.S. Senators Tim Kaine (D-VA) and Katie Britt (R-AL) and U.S. Representatives Salud Carbajal (D-CA-24) and Mike Lawler (R-NY-17) introduced the Child Care Availability and Affordability Act and the Child Care Workforce Act—bipartisan, bicameral legislation that form a bold proposal to make child care more affordable and accessible by strengthening existing tax credits to lower child care costs and increase the supply of child care providers. Over the last few decades, the cost of child care has increased by 263%, forcing families to make impossible choices. More than half of all families live in child care deserts. Meanwhile, child care workers are struggling to make ends meet on the poverty-level wages they are paid and child care providers are struggling to simply stay afloat. The crisis—which was exacerbated by the pandemic—is costing our economy, resulting in $122 billion in economic losses each year.

    “The child care crisis is holding our families and economy back. I hear from Virginia parents all the time about how hard it is to find affordable child care, from child care providers who are forced to leave their jobs because of low wages, and from businesses who are having trouble finding the employees they need,” said Kaine. “I’m proud to join my colleagues in introducing this bipartisan legislation, and I hope more of my colleagues will join us in passing this comprehensive proposal to support child care providers, make it easier for families to access the care they need, and boost economic growth by providing parents with the opportunity to get back into the workforce.”

    “We applaud Sens. Britt and Kaine and Reps. Lawler and Carbajal for their bipartisan, bicameral efforts to identify innovative and impactful policy solutions that will increase access to quality child care for America’s working families, bolstering the workforce and economy. These two bills mark a major milestone to begin addressing employer and employee needs, as well as supply-side issues that impact the availability of care,” says Bipartisan Policy Center Action President Michele Stockwell.

    “The Child Care Availability and Affordability Act and the Child Care Workforce Act is forward-thinking legislation that will tackle the child care challenges plaguing too many working parents, employers, and providers,” said First Five Years Fund Executive Director Sarah Rittling. “By refining tax credits and expanding access, this plan will deliver real relief to countless families. We’re grateful to Senators Britt, Kaine, Ernst, and Shaheen for their leadership in finding bipartisan and practical solutions that put working families first.”

    Kaine has long been pushing to expand access to child care. In 2023, he introduced the Child Care Stabilization Act to expand vital child care funding to help providers keep their doors open, and has championed the Child Care for Working Families Act to expand access to child care, raise wages for providers, and lower costs for families by ensuring no family pays more than 7% of their income on child care. He has also introduced bipartisan legislation to develop, administer, and evaluate early childhood education apprenticeships.

    The proposal contains two bills because one proposes changes to existing tax credits, falling under the jurisdiction of the Senate Finance Committee, and the other authorizes a new pilot program, falling under the jurisdiction of the Senate HELP Committee.

    Child Care Availability and Affordability Act

    The Child Care Availability and Affordability Act would make child care more affordable by:

    • Increasing the size of the Child and Dependent Care Tax Credit (CDCTC) and making it refundable, allowing lower income working families with out-of-pocket child care expenses to benefit from the credit for the first time. The proposal substantially expands the maximum CDCTC to $2,500 for families with one child and $4,000 for families with two or more children.
    • Strengthening the Dependent Care Assistance Program (DCAP) to allow families to deduct 50% more in expenses (up to $7,500).
    • Allowing eligible families to benefit from both the DCAP and the CDCTC when their child care expenses exceed the DCAP threshold. This will have big benefits for middle income families who currently do not access the CDCTC but have particularly high child care costs.
    • Radically bolstering the underutilized Employer-Provided Child Care Tax Credit—commonly referred to as 45F—to encourage businesses to provide child care to their employees. The Kaine-Britt plan would increase the maximum credit from $150,000 to $500,000, and the percentage of expenses covered from 25% to 50%. The legislation also includes a larger incentive for small businesses—a maximum credit of $600,000—and allows for joint applications for groups of small businesses who want to pool resources.

    The Child Care Availability and Affordability Act is cosponsored by Senators Joni Ernst (R-IO), Jeanne Shaheen (D-NH), John Curtis (R-UT), Angus King (I-ME), Shelley Moore Capito (R-WV), Kirsten Gillibrand (D-NY), and Susan Collins (R-ME).

    The Child Care Availability and Affordability Act is endorsed by A+ Education Partnership, Abriendo Puertas/Opening Doors, Alabama Arise, Alabama School Readiness Alliance, American Hotel & Lodging Association (AHLA), Arizona Early Childhood Education Association, Big Blue Marble Academy, Bipartisan Policy Center Action (BPCA), Bright Horizons, Business Council of Alabama, Busy Bees North America, Care.com, Chamber of Progress, Chamber RVA, Child Care Aware of America (CCAoA), Child Care Aware of Virginia, Child Development Schools, Children’s Institute, Cincinnati Regional Chamber, Council for Professional Recognition, Early Care & Education Consortium (ECEC), Early Learning Policy Group, LLC, Eastern Shore Chamber of Commerce, Educare Learning Network, First Five Years Fund (FFYF), Gingerbread Kids Academy, Hampton Roads Chamber, Healthy Families America, Healthy Kids Alabama, Independent Restaurant Coalition, Jesuit Conference of the United States, Kaplan Early Learning Company, Kiddie Academy, KinderCare Learning Companies, Learning Care Group, Lightbright Academy, Low Income Investment Fund (LIIF), Manufacture Alabama, Metrix IQ, Mobile Area Education Foundation, Moms First, National Association of Women Business Owners (NAWBO), National Child Care Association (NCCA), North Carolina Licensed Child Care Association, Northern Virginia Chamber of Commerce (NVC), Ohio Association of Child Care Providers, Parents as Teachers National Center, Prevent Child Abuse America, Primrose Schools, Santa Barbara South Cost Chamber of Commerce, Small Business Majority, Small Business Majority, Start Early, Solvang Chamber of Commerce, Teaching Strategies, Texas Licensed Child Care Association, The Nest Schools, Third Way, U.S. Chamber of Commerce, Ventura Chamber of Commerce, Virginia Beach Vision, Virginia Chamber of Commerce, Virginia Early Childhood Foundation (VECF), VOICES for Alabama’s Children, Voices for Virginia’s Kids, and YMCA of the USA.

    Full text of the Child Care Availability and Affordability Act is available here.

    Child Care Workforce Act

    Because many child care providers are forced out of the industry by low wages—which makes it even harder for families to find affordable child care—the Child Care Workforce Act would make it easier to access child care, by establishing a competitive grant program for states, localities, Tribes, and Tribal organizations that are interested in adopting or expanding pay supplement programs for child care workers to increase supply and reduce turnover. Within that program:

    • Grantees would provide supplements, paid out at least quarterly, directly to both home-based and center-based licensed child care providers licensed by the state.
    • There would be a required evaluation of impacts on turnover, quality of child care, availability of affordable childcare, and alleviating the financial burden on child care providers. Model programs exist in Virginia, Nebraska, Oklahoma, Maine, and the District of Columbia, with evaluations demonstrating large effects on the supply of workers, educator turnover, and worker well-being and satisfaction.

    The Child Care Workforce Act is cosponsored by Senators Jeanne Shaheen (D-NH), Angus King (I-ME), and Kirsten Gillibrand (D-NY).

    The Child Care Workforce Act is endorsed by A+ Education Partnership, Abriendo Puertas/Opening Doors, Alabama Arise, Alabama School Readiness Alliance, Arizona Early Childhood Education Association, Big Blue Marble Academy, Bipartisan Policy Center Action (BPCA), Bright Horizons, Business Council of Alabama, Busy Bees North America, Care.com, Chamber of Progress, Chamber RVA, Child Care Aware of America (CCAoA), Child Care Aware of Virginia, Child Development Schools, Children’s Institute, Cincinnati Regional Chamber, Council for Professional Recognition, Early Care & Education Consortium (ECEC), Early Learning Policy Group, LLC, Eastern Shore Chamber of Commerce, Educare Learning Network, First Five Years Fund (FFYF), First Focus Campaign for Children, Gingerbread Kids Academy, Hampton Roads Chamber, Healthy Families America, Healthy Kids Alabama, Independent Restaurant Coalition, Jesuit Conference of the United States, Kaplan Early Learning Company, Kiddie Academy, KinderCare Learning Companies, Learning Care Group, Lightbright Academy, Low Income Investment Fund (LIIF), Manufacture Alabama, Metrix IQ, Mobile Area Education Foundation, Moms First, National Association for Family Child Care (NAFCC), National Association for the Education of Young Children (NAEYC), National Association of Women Business Owners (NAWBO), National Child Care Association (NCCA), National Council of Jewish Women, National Women’s Law Center (NWLC), North Carolina Licensed Child Care Association, Northern Virginia Chamber of Commerce (NVC), Ohio Association of Child Care Providers, Parents as Teachers National Center, Prevent Child Abuse America, Primrose Schools, Santa Barbara South Cost Chamber of Commerce, Small Business Majority, Small Business Majority, Start Early, Teaching Strategies, Texas Licensed Child Care Association, The Nest Schools, Third Way, UVentura Chamber of Commerce, Virginia Beach Vision, Virginia Chamber of Commerce, Virginia Early Childhood Foundation (VECF), VOICES for Alabama’s Children, Voices for Virginia’s Kids, YMCA of the USA, and ZERO TO THREE.

    Full text of the Child Care Workforce Act are available here.

    MIL OSI USA News –

  • MIL-OSI USA: Tuberville Speaks with NIH Nominee, Calls for Radical Transparency at the NIH

    US Senate News:

    Source: United States Senator Tommy Tuberville (Alabama)

    WASHINGTON – Today,U.S. Senator Tommy Tuberville (R-AL) spoke with Dr. Jayanta Bhattacharya, President Trump’s nominee to lead the National Institutes of Health (NIH) during his confirmation hearing before the Senate Health, Education, Labor, and Pensions (HELP) Committee. During his remarks, Bhattacharya explained his plan to root out waste within the NIH and how he will earn back the trust of the American people by ensuring transparency.

    Read Sen. Tuberville’s remarks below or on YouTube or Rumble.

    TUBERVILLE: “Thank you doctor for being here. It’s always good to run into somebody that’s name’s harder to say than mine and mispronounced more.

    You’ve got a hard job in front of you, but I share the ideas and desire that the President has to root out waste and the fraud that we have in this country. Because if we don’t, we’re not gonna have a country left. It’s gonna be gone. And he’s doing the right thing. You’re gonna have a tough job. You’re gonna have to put your team together and do the same thing. We have got to make sure we use American taxpayers’ money the right way.

    So, kind of give me your plan of how you’re gonna do this—when you come into office and are confirmed how you’re gonna put your team together?”

    BHATTACHARYA: “Thanks Senator, I should say this: I have a background as an economist as well as being a doctor. And to me, that background, what it leads me to do is understand that every dollar wasted on a frivolous study is a dollar not spent—every dollar wasted on administrative costs that are not needed—is a dollar not spent on research. The team I’m gonna put together is gonna be hyper-focused to make sure that the portfolio grants that the NIH funds is devoted to the chronic disease problems of this country. It’s gonna be devoted to making sure we have not just incremental progress, but research projects that have the capacity to make huge advances in treatment for cancer, for diabetes, for obesity. That’s how I’m going to decide what the team is.

    And the NIH […], I’m blessed in some ways because it already has so many excellent scientists there to advise me on the on the areas I don’t know about. And I wanna tap [into] that resource. I wanna make sure I talk to every single person who who’s already a leader at the NIH to understand where those opportunities are.”

    TUBERVILLE: “Yeah. Well, thank you.

    You know, for the past four years, I’ve been on this Committee, and we’ve obviously gone through COVID [which was] devastating to not just our country, but the world.

    Transparency and trust is gonna have to be earned again from a lot of people. Most people across this country don’t know what the hell NIH stands for. Okay? But now they do because of COVID. You said that science has to be reliable, exactly. But people also have to trust, you know, we’re finding out now we have biolabs in Ukraine—where a war is going on, and we’re funding them.

    I mean, and so you’ve got to be on top of that, and the American people have to trust you that you will say, ‘Listen, we’re gonna keep an eye on, you know, the biolabs in North Carolina,’ or wherever we have them. Because it scares me to death of what’s going on. 

    What’s your plan there of getting trust back in this country?”

    BHATTACHARYA: “Senator first of all […], I want to work with Congress to make sure that there’s appropriate regulation of any risky research. The NIH […] I don’t think should be doing any research that has the potential to cause a pandemic. And I want to work with Congress to make sure that happens.

    As far as trust, I think the key thing is we have to be utterly open, if I’m confirmed, I’ll be at the head of an organization that’s a scientific organization. As a citizen, I would often look for FOIA responses from the NIH Freedom Information Act request, and they’d be fully redacted during the pandemic.

    You can’t have trust unless you are transparent. And if I’m confirmed as an NIH Director, I fully commit to making sure that the American people can see all of the activities of the NIH openly, with limited sort of obfuscation. [The NIH has been characterized this way], I think unfortunately, [because of the] way that they’ve interacted with American people.”

    TUBERVILLE: “And I think that starts with being very visual on television, telling people, you know, the truth. Don’t hide anything because we’ve been hiding things for years and that that doesn’t work. We found that out.

    You know, Chairman Cassidy and I led a letter to the NIH under the last administration asking questions about a grant that the NIH funded focused on children transitioning genders. The study followed all these children—two of them committed suicide. Devastating. 

    So, how can we ensure the NIH doesn’t grant funds to things like this?”

    BHATTACHARYA: “Well, first of all, I think it’s if you have a negative result and it’s politically inconvenient to you, usually, you have an obligation to scientists to report it. Right? 

    So, the NIH funds a study that shows that the gender transition doesn’t reduce suicide rate among, you know, adolescents. That researcher has an obligation to report it even though she may think it’s politically inconvenient. So, I wanna make sure that NIH research is required to report even negative results. And there’s ways to do that we can talk about.

    But I think as far as, like, the prioritization of studies, as I was telling Senator Paul, I think we wanna make sure that the studies are focused on the diseases that really are hurting Americans—obesity—a lot of the research that, you know, it’s so easy to come up with, examples of this. One of a shrimp on a treadmill for instance, that was once funded. It’s not that I’m necessarily against research like that, but the American taxpayer should be focused on the needs of American taxpayers. And the research should be focused on those needs, the health needs of Americans. And I want to make sure that the NIH, if confirmed, focuses on exactly that.”

    TUBERVILLE: “Thank you. Good luck.”

    BHATTACHARYA: “Thank you so much.”

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP, and Aging Committees.

    MIL OSI USA News –

  • MIL-OSI China: Trump grants one-month exemption to 3 automakers from Mexico, Canada tariffs

    Source: China State Council Information Office 3

    The White House said on Wednesday that U.S. President Donald Trump is granting a one-month exemption to three major automakers from the newly imposed 25-percent tariffs on Mexico and Canada.

    “We spoke with the big three auto dealers (makers), we are going to give a one-month exemption on any autos coming through USMCA. Reciprocal tariffs will still go into effect on April 2,” White House Press Secretary Karoline Leavitt told reporters at a press briefing.

    Levitt said Trump has spoken with three companies — Ford, General Motors, and Stellantis — and they made this request. The president agreed to grant them a one-month tariff exemption.

    Bloomberg News reported earlier Wednesday that Trump is exempting automakers from newly imposed tariffs on Mexico and Canada for one month, “as a temporary reprieve following pleas from industry leaders.”

    The United States-Mexico-Canada Agreement (USMCA) is a trade agreement negotiated, signed, and ultimately enacted during Trump’s first term, aimed at replacing the former North American Free Trade Agreement (NAFTA).

    Under the USMCA, auto parts procurement must meet specific rules to qualify for duty-free treatment. These rules are designed to encourage regional production and sourcing within North America. For passenger vehicles and light trucks, at least 75 percent of the vehicle’s value must originate in North America, while the minimum requirement for heavy trucks is 70 percent.

    On Feb. 1, Trump signed an executive order imposing a 25-percent tariff on products imported from Mexico and Canada, with a 10 percent tariff increase on Canadian energy products. On Feb. 3, Trump announced a 30-day delay in implementing the tariffs on both countries and continued negotiations. According to this decision, the relevant tariff measures took effect on March 4.

    Trump on Tuesday night defended his tariff strategy when delivering an address to a joint session of Congress, but acknowledged that such policies will cause “a little disturbance.”

    Nevertheless, economists and observers have expressed deep concerns about the potential impact of tariffs on the U.S. economy.

    The Tax Foundation estimated that, without considering retaliatory measures, Trump’s 25 percent tariffs on Canada and Mexico, which went into effect Tuesday, will reduce long-term GDP by 0.2 percent, reduce hours worked by 223,000 full-time equivalent jobs, and reduce after-tax incomes by an average of 0.6 percent. 

    MIL OSI China News –

  • MIL-OSI China: Canadian, US leaders talk trade, fentanyl

    Source: China State Council Information Office 3

    A man shows a mobile phone to display the Liquor Control Board of Ontario (LCBO)’s website temporarily unavailable while they remove U.S. products in response to U.S. tariffs on Canadian goods outside an LCBO store in Oakville, Ontario, Canada, on March 4, 2025. [Photo/Xinhua]

    Canadian Prime Minister Justin Trudeau made a call with U.S. President Donald Trump on Wednesday, discussing trade and fentanyl, local media reported.

    It’s the first time the two have spoken since Trump launched a trade war on Tuesday.

    The call lasted 50 minutes about “trade and fentanyl”, CBC News reported.

    More discussions between the two leaders’ teams are expected throughout the afternoon, according to the report.

    Trump decided to give a one-month exemption on any autos coming through USMCA, the trilateral trade deal that Trump signed in his first term, known in Canada as CUSMA, the report said.

    It wasn’t immediately clear what Trump’s supposed exemption means for Canadian auto exports to the United States, but it seems like that form of cross-border trade will be able to go on as before, CBC News reported. 

    MIL OSI China News –

  • MIL-OSI Economics: The IMF at Eighty

    Source: International Monetary Fund

    Keynote Speech by Deputy Managing Director Nigel Clarke
    at a Symposium on the Future of International Cooperation on the 80th Anniversary of the End of World War II
    Tokyo, Japan, March 6, 2025 

    March 5, 2025

    (As Prepared for Delivery)

    A very good morning to you all. Kudo-san: thank you so much for those kind words. It is a great pleasure to be here in Japan.

    Dear colleagues, let me begin by relaying Managing Director Kristalina Georgieva’s regret for not being able to be with us today. She was very much looking forward to her trip to Tokyo, and has asked me to share with you her best wishes.

    I would like to start with a deep note of appreciation for our host country: a pillar of regional and global stability, a tireless advocate of trade, a technology leader and innovator, and a nation proudly on the move. For the IMF, Japan is a true partner, always generous in its support for our work. To the people of Japan the IMF says: arigatō goza‑i‑mas—thank you.

    As this conference reflects on the state of the world 80 years after the end of World War Two, let me also salute the post-war rebirth of Japan. Who in 1945 could have imagined the economic miracle that would come—and the transformation of former foes into friends and allies? Living proof that prosperity and friendship can triumph.

    So much of the global progress of the post-war decades was the result of a grand experiment in economic cooperation whose roots traced back to a conference of forty nations at Bretton Woods, New Hampshire in July 1944. The core idea at Bretton Woods was both bold and simple: a system where interests would be secured not only by geopolitical heft, but by mutually beneficial cooperation. This is the core principle behind the creation of the IMF. It is the principle we still serve today.

    After the war, reconstruction progressed rapidly, giving rise to new structures, new jobs, new trade, and new members. In 1952, Japan and West Germany were welcomed into the IMF’s family of nations.

    The Fund played its designated part not so much by financing global reconstruction and development—that was the World Bank’s job—but by supporting financial stability. A system of regular peer review of national economic prospects and policies was transformed from the black ink of Article IV of our founding Treaty to a familiar and appreciated reality.

    And thus were established the three core functions of the IMF:

    • First, our macroeconomic surveillance, which would bring in many newly independent nations starting in the late 1950s, followed by the Russian Federation and all the nations of the former Soviet bloc in the 1990s, such that today it spans almost all countries—a global perspective unique to the Fund.
    • Second, our support for macroeconomic programs to restore economic and financial stability to countries rich and poor alike when in distress, combining agreed policy actions to remedy underlying economic weaknesses with IMF lending and reserve creation—the latter again being a unique capacity bestowed upon the Fund.
    • And third, our support for capacity development, most generously financed from the start by Japan, alongside others.

    Through the many post-war episodes of mistrust and confrontation, the IMF has always remained a place where governance works; where information and knowledge are freely exchanged; where policy lessons from one country are shared for the benefit of many others; where efficiency meets effectiveness; and where members at odds with each other sit at one table and discuss matters calmly. This is the tangible, everyday reality of the Fund.

    Over the years we have, of course, had both successes and failures, but I would argue that the former outnumber the latter. I think for instance of our programs with the UK in 1977, India in 1991, or Brazil in 2002, and indeed of the examples being set today by the former program countries of East Asia and the euro area. Successes, yet each difficult in its own way when crisis raged.

    As finance minister of Jamaica during difficult times, I had the opportunity to see the Fund in action from the other side of the table. It was obvious to me then—as it is now—that the IMF teams had the knowledge, the experience, and the systems. They knew what they were doing.

    At the Fund, one foundational reality is well understood: countries are not companies, and in hard times the hardships of the people must always be addressed. It is the IMF that provides the closest thing sovereign states have to a framework to secure a fresh start. It is a unique and vital function for the world.

    And rarely does the IMF see a quiet moment. Today, as we confront a world of low growth, high prices, and high debt, we are warning countries that there is no room for complacency on inflation; advising them on how best to rebuild their macroeconomic buffers for the new shocks that will inevitably come; and getting more granular in our engagement on policies to lift productivity and create better jobs.

    Colleagues, we are at a new time of great flux for the world economy, with many countries reassessing their approaches, including in the face of structural transformations related to technology, demographics, and energy. Across the globe, voters have voiced anger at high prices and, in some cases, mistrust for an internationalist system they perceive as elitist and exclusionary. A chasm has opened between aspiration and reality—and that, in part, is fueling a challenge to the old system, with all the attendant uncertainty.

    So let me conclude by sharing a few forward-looking thoughts on how, as the world navigates these choppy waters, the Fund can help steady the ship.

    Four points:

    • First, in a tightly interconnected world, stability matters to everybody. Our mandate to promote international monetary cooperation sits at the heart of what we do, and has never mattered more than now, after 80 years of ever-closer integration. Like a fireman who douses a fire in one house and thus saves the neighborhood, when the IMF helps stabilize one country, it helps all others—we know how easily something small can become something big. The Fund is a seasoned repository of knowledge on how to do this, and so we shall remain. Whether it be crisis prevention through surveillance, crisis management through policy advice and lending, or resilience through capacity development, stability will remain our core mission. This means helping countries to design well phased and well communicated plans for budget consolidation; to maintain effective monetary policies to contain inflation; to safeguard external stability; to ensure financial systems are robust; and much more. This is our bread and butter.
    • Second, growth requires stability and stability requires growth. Ultimately, the way to ensure that economies can create jobs for their people and shoulder debt is through robust trend growth. And here I mean growth built on productivity gains and efficient resource allocation, not temporary stimulus. At the IMF, helped by our new Advisory Council on Entrepreneurship and Growth, we intend to identify positive lessons wheresoever they may be, and share them across our membership—while also helping countries harness technological advancement, notably in AI. Smaller government footprints will help in some cases, as will smarter tax regimes, more efficient public spending and better infrastructure, stronger bankruptcy frameworks, simpler and better regulations, more flexible labor markets with strong social safety nets, and deeper, more liquid capital markets, including venture capital. It is a broad and ambitious agenda.
    • Third, stability requires global macroeconomic balance. The IMF’s purposes include not only facilitating the expansion of international trade to contribute to the promotion and maintenance of high levels of employment and real income, but helping ensure that trade growth is balanced. Yet we live in an imbalanced world, with excessive external surpluses for some countries and excessive deficits for others, potentially sowing the seeds of future instability. At the Fund we understand that external imbalances reflect domestic imbalances, with some countries consuming or investing too much and others too little: a challenge calling out for the concerted deployment of the full macroeconomic policy toolkit. These are deep-seated problems, reflecting policy-induced distortions, exchange rates, institutional depth, reserve currencies, demographics, wealth and income levels, technology, culture, history, and more. We will continue to work with our members to lessen the degree of disequilibrium in their international balances of payments.
    • Fourth and last, as the global system reconfigures, agility will be key. Already in recent years, as geoeconomic fragmentation set in, many countries coalesced into groupings of common interest. Now, the trend continues, with an increasing emphasis on regional trade and regional financing arrangements. In a variable-geometry world, the IMF will respond as needed, flexibly, including to serve regional needs and explore ways to strengthen the global financial safety net for the good of all. For 80 years, from the gold standard to flexible exchange rates, from engaging with advanced economies to rescuing emerging markets to supporting low-income countries, the Fund has responded to changing circumstances and evolved with the times. We will preserve this tradition.

    In these four points I am offering a vision of an IMF that will remain faithful to, and be guided by, its core purposes as laid out in our 191‑nation Articles of Agreement—yet will be nimble, responding to the changing environment as necessary so that we can continue to serve our membership to good effect. So without further ado, let me leave you to reflect, perhaps, on my four themes—stability, growth, balance, and agility—and how they can fit together to shape a Fund for our changing times.

    I look forward to hearing your discussions today—and will be particularly interested in hearing your thoughts on Japan’s role in this new world as a champion of regional and global economic cooperation.

    Thank you

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    MIL OSI Economics –

  • MIL-OSI Russia: The IMF at Eighty

    Source: IMF – News in Russian

    Keynote Speech by Deputy Managing Director Nigel Clarke
    at a Symposium on the Future of International Cooperation on the 80th Anniversary of the End of World War II
    Tokyo, Japan, March 6, 2025 

    March 5, 2025

    (As Prepared for Delivery)

    A very good morning to you all. Kudo-san: thank you so much for those kind words. It is a great pleasure to be here in Japan.

    Dear colleagues, let me begin by relaying Managing Director Kristalina Georgieva’s regret for not being able to be with us today. She was very much looking forward to her trip to Tokyo, and has asked me to share with you her best wishes.

    I would like to start with a deep note of appreciation for our host country: a pillar of regional and global stability, a tireless advocate of trade, a technology leader and innovator, and a nation proudly on the move. For the IMF, Japan is a true partner, always generous in its support for our work. To the people of Japan the IMF says: arigatō goza‑i‑mas—thank you.

    As this conference reflects on the state of the world 80 years after the end of World War Two, let me also salute the post-war rebirth of Japan. Who in 1945 could have imagined the economic miracle that would come—and the transformation of former foes into friends and allies? Living proof that prosperity and friendship can triumph.

    So much of the global progress of the post-war decades was the result of a grand experiment in economic cooperation whose roots traced back to a conference of forty nations at Bretton Woods, New Hampshire in July 1944. The core idea at Bretton Woods was both bold and simple: a system where interests would be secured not only by geopolitical heft, but by mutually beneficial cooperation. This is the core principle behind the creation of the IMF. It is the principle we still serve today.

    After the war, reconstruction progressed rapidly, giving rise to new structures, new jobs, new trade, and new members. In 1952, Japan and West Germany were welcomed into the IMF’s family of nations.

    The Fund played its designated part not so much by financing global reconstruction and development—that was the World Bank’s job—but by supporting financial stability. A system of regular peer review of national economic prospects and policies was transformed from the black ink of Article IV of our founding Treaty to a familiar and appreciated reality.

    And thus were established the three core functions of the IMF:

    • First, our macroeconomic surveillance, which would bring in many newly independent nations starting in the late 1950s, followed by the Russian Federation and all the nations of the former Soviet bloc in the 1990s, such that today it spans almost all countries—a global perspective unique to the Fund.
    • Second, our support for macroeconomic programs to restore economic and financial stability to countries rich and poor alike when in distress, combining agreed policy actions to remedy underlying economic weaknesses with IMF lending and reserve creation—the latter again being a unique capacity bestowed upon the Fund.
    • And third, our support for capacity development, most generously financed from the start by Japan, alongside others.

    Through the many post-war episodes of mistrust and confrontation, the IMF has always remained a place where governance works; where information and knowledge are freely exchanged; where policy lessons from one country are shared for the benefit of many others; where efficiency meets effectiveness; and where members at odds with each other sit at one table and discuss matters calmly. This is the tangible, everyday reality of the Fund.

    Over the years we have, of course, had both successes and failures, but I would argue that the former outnumber the latter. I think for instance of our programs with the UK in 1977, India in 1991, or Brazil in 2002, and indeed of the examples being set today by the former program countries of East Asia and the euro area. Successes, yet each difficult in its own way when crisis raged.

    As finance minister of Jamaica during difficult times, I had the opportunity to see the Fund in action from the other side of the table. It was obvious to me then—as it is now—that the IMF teams had the knowledge, the experience, and the systems. They knew what they were doing.

    At the Fund, one foundational reality is well understood: countries are not companies, and in hard times the hardships of the people must always be addressed. It is the IMF that provides the closest thing sovereign states have to a framework to secure a fresh start. It is a unique and vital function for the world.

    And rarely does the IMF see a quiet moment. Today, as we confront a world of low growth, high prices, and high debt, we are warning countries that there is no room for complacency on inflation; advising them on how best to rebuild their macroeconomic buffers for the new shocks that will inevitably come; and getting more granular in our engagement on policies to lift productivity and create better jobs.

    Colleagues, we are at a new time of great flux for the world economy, with many countries reassessing their approaches, including in the face of structural transformations related to technology, demographics, and energy. Across the globe, voters have voiced anger at high prices and, in some cases, mistrust for an internationalist system they perceive as elitist and exclusionary. A chasm has opened between aspiration and reality—and that, in part, is fueling a challenge to the old system, with all the attendant uncertainty.

    So let me conclude by sharing a few forward-looking thoughts on how, as the world navigates these choppy waters, the Fund can help steady the ship.

    Four points:

    • First, in a tightly interconnected world, stability matters to everybody. Our mandate to promote international monetary cooperation sits at the heart of what we do, and has never mattered more than now, after 80 years of ever-closer integration. Like a fireman who douses a fire in one house and thus saves the neighborhood, when the IMF helps stabilize one country, it helps all others—we know how easily something small can become something big. The Fund is a seasoned repository of knowledge on how to do this, and so we shall remain. Whether it be crisis prevention through surveillance, crisis management through policy advice and lending, or resilience through capacity development, stability will remain our core mission. This means helping countries to design well phased and well communicated plans for budget consolidation; to maintain effective monetary policies to contain inflation; to safeguard external stability; to ensure financial systems are robust; and much more. This is our bread and butter.
    • Second, growth requires stability and stability requires growth. Ultimately, the way to ensure that economies can create jobs for their people and shoulder debt is through robust trend growth. And here I mean growth built on productivity gains and efficient resource allocation, not temporary stimulus. At the IMF, helped by our new Advisory Council on Entrepreneurship and Growth, we intend to identify positive lessons wheresoever they may be, and share them across our membership—while also helping countries harness technological advancement, notably in AI. Smaller government footprints will help in some cases, as will smarter tax regimes, more efficient public spending and better infrastructure, stronger bankruptcy frameworks, simpler and better regulations, more flexible labor markets with strong social safety nets, and deeper, more liquid capital markets, including venture capital. It is a broad and ambitious agenda.
    • Third, stability requires global macroeconomic balance. The IMF’s purposes include not only facilitating the expansion of international trade to contribute to the promotion and maintenance of high levels of employment and real income, but helping ensure that trade growth is balanced. Yet we live in an imbalanced world, with excessive external surpluses for some countries and excessive deficits for others, potentially sowing the seeds of future instability. At the Fund we understand that external imbalances reflect domestic imbalances, with some countries consuming or investing too much and others too little: a challenge calling out for the concerted deployment of the full macroeconomic policy toolkit. These are deep-seated problems, reflecting policy-induced distortions, exchange rates, institutional depth, reserve currencies, demographics, wealth and income levels, technology, culture, history, and more. We will continue to work with our members to lessen the degree of disequilibrium in their international balances of payments.
    • Fourth and last, as the global system reconfigures, agility will be key. Already in recent years, as geoeconomic fragmentation set in, many countries coalesced into groupings of common interest. Now, the trend continues, with an increasing emphasis on regional trade and regional financing arrangements. In a variable-geometry world, the IMF will respond as needed, flexibly, including to serve regional needs and explore ways to strengthen the global financial safety net for the good of all. For 80 years, from the gold standard to flexible exchange rates, from engaging with advanced economies to rescuing emerging markets to supporting low-income countries, the Fund has responded to changing circumstances and evolved with the times. We will preserve this tradition.

    In these four points I am offering a vision of an IMF that will remain faithful to, and be guided by, its core purposes as laid out in our 191‑nation Articles of Agreement—yet will be nimble, responding to the changing environment as necessary so that we can continue to serve our membership to good effect. So without further ado, let me leave you to reflect, perhaps, on my four themes—stability, growth, balance, and agility—and how they can fit together to shape a Fund for our changing times.

    I look forward to hearing your discussions today—and will be particularly interested in hearing your thoughts on Japan’s role in this new world as a champion of regional and global economic cooperation.

    Thank you

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/03/05/sp030625-dmd-imfat80

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Lawmakers Raise Questions about Proposed Trump Administration Selloff of Federal Properties in Oregon

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    March 05, 2025

    Oregon senators and representatives ask why the rush to dispose of federal properties in Baker City, Eugene, Medford, Portland & Troutdale

    Washington, D.C. – U.S. Sens. Ron Wyden and Jeff Merkley along with U.S. Reps. Suzanne Bonamici, Val Hoyle, Andrea Salinas, Janelle Bynum and Maxine Dexter today asked why the Trump administration proposed earlier this week to dispose of federal properties paid for by taxpayers in Baker City, Eugene, Medford, Portland and Troutdale.

    “Given Donald Trump’s checkered legacy in the private sector of multiple bankruptcies and real estate deals gone awry, forgive me if I’m more than a little skeptical when that dubious record gets applied to the public sector,” Wyden said. “I’m nowhere near convinced this fire sale of federal assets throughout Oregon is in the best interest of U.S. taxpayers who paid for these facilities or for all Oregonians who depend on them for a reliable power grid, a functional court system, constituent services and more.”

    “For a man who spent his whole life treating everything as one big real estate transaction, it’s no surprise Trump doesn’t grasp that federal buildings in our communities provide a central place for folks to access government agencies and the everyday essential services they provide, like keeping our electric grid functioning and providing help with the IRS and Social Security,” said Merkley. “The Department of Government Inefficiency has struck again, and I’ll be pushing to keep this short-sighted deal for Oregonians from closing.”

    “There are many ways to make the government more efficient, but a rushed sale of federal buildings that house agencies and services important to Oregonians will not accomplish that goal,” said Bonamici. “ I will continue to stand against Elon Musk and his team of DOGE bros as they work to undermine government and purge critical federal workers.”

    “It does not make any sense to demand all federal workers to return to in-person work and then turn around and push the sale of the buildings they work in,” said Hoyle. “This is random and reflects the ongoing chaos of this administration.” 

    “From help with filing Social Security claims to accessing veterans’ benefits, federal buildings house a number of important services for Oregonians,” said Salinas. “It is troubling that the Trump Administration would move to sell federal facilities across Oregon without offering a clear reason to the taxpayers who pay for these spaces. To me, it seems like President Trump and Elon Musk are trying to take away critical services from working families. I’m not buying what they’re selling, and I join my colleagues in demanding answers.”

    “This doesn’t do anything to help Oregonians,” said Bynum. “I’m still waiting for this administration to spend their time on lowering costs, creating jobs, and improving our quality of life. That’s my focus.”

    “DOGE wants to sell off the building, our district office, that everyone from Hood River to East Portland depends on for constituent services to the highest bidder,” Dexter said. “This is more of the same from Trump: cruelty in the name of ‘efficiency.’ I will work from a folding table if I have to, but you better believe that I’m going to keep serving our community even if Trump cancels our lease.”

    The list of federal properties in Oregon on the national list of federal properties slated for disposal earlier this week by the General Services Administration include the following:

    • David J. Wheeler Federal Building, Baker City
    • Eugene Federal Building, Eugene
    • James A. Redden U.S. Courthouse, Medford
    • USGS Building, Medford
    • USGS Warehouse, Medford
    • Edith Green-Wendell Wyatt Federal Building, Portland
    • 911 Federal Building, Portland
    • BPA Building, Portland
    • Troutdale Metal Shed, Troutdale
    • Troutdale Warehouse, Troutdale

    MIL OSI USA News –

  • MIL-OSI USA: Wyden, Merkley, Colleagues Reaffirm Congress’ Authority to Maintain Trade Restrictions on Russia

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    March 05, 2025

    Washington D.C.—U.S. Senators Ron Wyden and Catherine Cortez Masto, D-Nev., today led Senate colleagues, including Senator Jeff Merkley, in a letter to Donald Trump reaffirming Congress’ authority to maintain trade restrictions on the Russian Federation while it continues its war of aggression against Ukraine. 

    “Vladimir Putin is a ruthless dictator who has led the Russian Federation into a war of aggression against Ukraine with the explicit goal of denying Ukraine and its people their collective rights to independence, sovereignty, and territorial integrity,” wrote the senators after Trump sandbagged talks between the United States and Ukraine last Friday and claimed Ukraine “should have never started [the war].”“Our country, in coordination with our allies and partners and with bipartisan support has imposed sweeping financial sanctions, stringent export controls, and aggressive trade restrictions on the Russian Federation.”

    In 2022, Congress passed the Suspending Normal Trade Relations with Russia and Belarus Act which revoked Russia’s permanent normal trade relations status to ensure Russian goods and services do not enjoy privileged, “most-favored nation” access to the U.S. market. Congress also passed the Ending Importation of Russian Oil Act which banned the importation of all energy products from the Russian Federation.

    According to these laws, the Russian Federation must reach an agreement relating to the withdrawal of its forces and cessation of military hostilities that is accepted by the free and independent government of Ukraine, recognize the right of the people of Ukraine to independently and freely choose their own government, and pose no immediate military threat of aggression to any NATO member before the president can restore normal trade relations.

    “In light of your worrisome statements, we wish to remind you that you must not—and cannot, under statute—attempt to restore normal trade relations or lift the import ban on Russian energy products unless and until Ukraine’s peace demands are met and their free and independent government has accepted a peace agreement,” continued the senators. “Ukraine must be at the table to determine its future, and conditions for peace cannot be imposed on Ukraine.”

    The letter was led by Wyden and Cortez Masto. In addition to Wyden, Cortez Masto and Merkley the letter was signed by Senators Michael Bennet, D-Colo., Amy Klobuchar, D-Minn., Gary Peters, D-Mich., Jacky Rosen, D-Nev., Chris Van Hollen, D-Md., Raphael Warnock, D-Ga., and Peter Welch, D-Vt.

    The full text of the letter is here.

    MIL OSI USA News –

  • MIL-OSI USA: Dr. Rand Paul Reintroduces Bipartisan Risky Research Review Act to Oversee Gain-of-Function Research

    US Senate News:

    Source: United States Senator for Kentucky Rand Paul

     FOR IMMEDIATE RELEASE:

    March 5, 2025

     Contact: Press_Paul@paul.senate.gov, 202-224-4343

    WASHINGTON, D.C. – Today, U.S. Senator Rand Paul (R-KY), Chairman of the Senate Homeland Security and Governmental Affairs Committee, reintroduced the bipartisan Risky Research Review Act, a first-of-its-kind proposal to establish a Life Sciences Research Security Board within the Executive Branch. This independent board will oversee the funding of gain-of-function research and other high-risk life sciences research that potentially poses a threat to public health, safety, or national security.

    “We must demand accountability for the grave oversights that were revealed by the COVID-19 pandemic. The safety of our nation and the trust in its institutions depend on it. My bill not only strengthens transparency but also ensures that public health decisions are made in the best interest of the American people, free from financial motives and prioritizing national security,” said Dr. Paul. 

    U.S. Senator Gary Peters (D-MI), Ranking Member of the Senate Homeland Security and Governmental Affairs Committee, is an original cosponsor of the legislation in the Senate. 

    “Life science research can yield breakthroughs that help protect the health of Americans, but it must be done with proper safeguards in place,” said Sen. Peters. “By creating an independent oversight agency, this bill will help maintain control of high-risk research, to ensure it’s effective, innovative, and safe.”

    U.S. Representative Morgan Griffith (R-VA-09), Chairman of the Energy and Commerce Committee’s Subcommittee on Environment, introduced the bill in the U.S. House of Representatives.

    “Gain-of-function research is reported to be a potential target of a future President Trump Executive Order. As someone who has extensively investigated COVID-19 origins and biosafety concerns in foreign labs, it is clear to me that greater oversight measures are needed to review gain-of-function research of concern and risky experiments that involve virus transmission in humans. The National Institutes of Health has proven they are not capable of properly reviewing risky research applications, as in the case of EcoHealth Alliance. I believe the Risky Research Review Act establishes crucial oversight measures to alleviate the legitimate and significant concerns of the American people, thus reestablishing trust in our public health agencies,” said Rep. Griffith.  

    The Life Sciences Research Security Board will serve as an independent body responsible for thoroughly evaluating gain-of-function research and other potentially harmful studies involving high-consequence pathogens. Currently, the funding and study of life sciences research lack sufficient government oversight, allowing American taxpayer dollars to be spent without proper safeguards. Dr. Paul’s legislation establishes a much-needed stringent review process for the board to assess high-risk research and decide whether tax dollars should support specific research proposals, ensuring accountability and strengthening transparency.

    The Risky Research Review Act will:

    1. Establish an Independent Oversight Board: Form a Life Sciences Research Security Board dedicated to protecting public health, safety, and national security by evaluating and issuing binding determinations on high-risk life sciences research proposals seeking federal funding.
    2. Define High-Risk Research: Specify high-risk life sciences research as studies with potential dangerous uses, or dual-use research of concern involving a high-consequence pathogen, or gain-of-function research.
    3. Ensure Board Independence: Position the board as an independent agency within the Executive Branch, consisting of one executive director, five non-governmental scientists, two national security experts, and one non-governmental biosafety expert, each serving up to two four-year terms.
    4. Restrict Funding Without Approval: Prohibit federal agencies from awarding funding for high-risk life sciences research without board approval.
    5. Mandate Majority Vote: Require a majority vote of board members to approve high-risk life sciences research.
    6. Empower the Board: Authorize the board to compel agencies to turn over necessary information and records, including classified information.
    7. Demand Full Disclosure: Require life sciences research grant applicants to declare if their research falls under high-risk life sciences categories or involves select agents or toxins.
    8. Automatic Referral: Mandate that all positive attestations are automatically referred to the board.
    9. Continuous Subcontract Disclosure: Require grant recipients to continuously disclose subcontracts or subawards to agencies, with agencies required to submit these disclosures to the board.
    10. Annual Reporting: The board will submit an annual report to the appropriate congressional committees and publish it online, summarizing determinations, findings, and information about entities and sub-awardees involved in high-risk life sciences research.

    You can read the Risky Research Review Act HERE. 

    MIL OSI USA News –

  • MIL-OSI USA: Dr. Paul Reintroduces Transparency Bill on Royalties Paid to Government Officials

    US Senate News:

    Source: United States Senator for Kentucky Rand Paul

     FOR IMMEDIATE RELEASE:

    March 5, 2025

     Contact: Press_Paul@paul.senate.gov, 202-224-4343

     

    WASHINGTON, D.C. –Today, U.S. Senator Rand Paul (R-KY), Chairman of the Senate Homeland Security and Governmental Affairs Committee, reintroduced his Royalty Transparency Act. This legislation increases transparency on royalty payments paid to Executive Branch officials and makes the financial disclosure forms public for federal advisory committee members such as the Advisory Committee on Immunization Practices. Under current law, federal employees are not required to publicly disclose the source or amount of royalty payments received in service of their official duties. Additionally, the financial disclosures of members of federal advisory committees are not available to the public, despite the fact that these committees make recommendations to federal agencies that have a significant impact on the day-to-day lives of Americans. This lack of transparency prevents taxpayers from holding individuals accountable within the federal government for conflicts of interest and other abuses.

    Dr. Paul’s legislation introduces long-overdue accountability by requiring Executive Branch employees to publicly disclose royalty payments for inventions developed during their employment with the federal government on their financial disclosure reports.

    “Distrust in public health officials is at an all-time high. One way to restore trust is to make sure that public policy isn’t influenced by personal gain,” said Dr. Paul. “The Royalty Transparency Act will allow more information to be seen by the public to ensure federal decision makers, and the policies they write, aren’t being influenced by the royalty payments they receive.”

    U.S. Senator Rick Scott (R-FL) is an original cosponsor of the legislation in the Senate. 

    “I am proud to support the Royalty Transparency Act, ensuring federal employees’ transparency and accountability to the American people,” said Sen. Rick Scott. “Under current law, bureaucrats like Anthony Fauci and NIH employees were able to receive millions in royalty payments from companies outside the federal government without requirements for reporting, raising serious questions about potential conflicts of interest and fueling distrust in the federal government. Our bill will bring much-needed transparency to these payments by requiring they be publicly reported, helping to hold bureaucrats accountable to the American people and restoring trust in the federal government.” 

    U.S. Representative Morgan Griffith (R-VA-09), Chairman of the Energy and Commerce Committee’s Subcommittee on Environment, introduced the bill in the U.S. House of Representatives.

    “For too long, federal bureaucrats concealed the royalties they received, who they were paid by, what they were compensated for and how much they were paid,” said Rep. Griffith. “As the Trump Administration ushers in a new era of transparency in our federal government, the Royalty Transparency Act will foster greater government transparency and accountability by requiring government officials in federal agencies to disclose the royalties that they receive as a result of their government service. I am excited to work with Senator Paul so we can shine a light on these royalties and hold federal bureaucrats to a greater standard of accountability.”

    For years, Dr. Paul has been working to expose the potential conflicts of interest that may arise when millions of dollars in royalties are paid to federal employees serving their official duties. In 2022, Dr. Paul spearheaded a letter with four other members of the Senate Homeland Security and Governmental Affairs Committee to the National Institutes of Health (NIH) requesting information on disclosures of royalty payments made by third-party providers to NIH employees. However, federal agencies, including NIH, have refused to release the information. Through litigation, Open the Books obtained redacted documents and uncovered that approximately 2,400 NIH scientists have been awarded over $300 million in royalties in the last decade, which translates to an average payment of $135,000 per scientist. Since NIH claims that it is not required to disclose this information, it’s still unknown how much each payment amounted to, or why a payment was made. Dr. Paul’s legislation aims to ensure that federal agencies, including NIH, cannot evade scrutiny from Congress and the public, holding federal employees to a higher standard of accountability.

    The Royalty Transparency Act mandates that royalty payments received by federal employees from the U.S. Government be disclosed in their financial reports. It also requires members of advisory committees, particularly those at risk of conflicts of interest due to royalties or other financial connections, to adhere to the same standards of financial disclosure as are prevalent across the government. Furthermore, the bill requires that public financial disclosures be made available online, increasing transparency for American taxpayers. The bill introduces greater congressional oversight over the financial disclosure process for executive branch employees and strengthens measures to prevent conflicts of interest in federal procurement.

    You can read the Royalty Transparency Act HERE.   

    MIL OSI USA News –

  • MIL-OSI China: Pritzker winner celebrates ordinary people’s lives

    Source: China State Council Information Office 3

    Architect Liu Jiakun was awarded the 2025 Pritzker Architecture Prize on Tuesday, making him the second winner from China to earn the highest honor in the field of architecture after Wang Shu in 2012.

    Living in Chengdu, the capital of southwestern China’s Sichuan province, Liu’s career spans four decades and over 30 projects. He established Jiakun Architects in 1999 and is devoted to creating an expansive portfolio ranging from small, beautiful museums and monuments and vast commercial buildings to master plans for cities.

    “The purpose of architecture is to create a beautiful, just and dignified living environment. People’s real lives, happiness and dignity are what we strive for,” says Liu.

    The prize’s jury statement says that “intertwining seeming antipodes such as utopia versus everyday existence, history versus modernity, and collectivism versus individuality, Liu offers affirming architecture that celebrates the lives of ordinary citizens”.

    Wang, the 2012 Pritzker recipient, tells China Daily that Liu’s winning is encouraging: “His works are very local, yet modern, directly addressing the challenges facing the transformation of contemporary Chinese cities.”

    Wang says both he and Liu pursue contemporary architecture rooted in tradition. Many architects around the world attempt to do the same, yet their style has never become mainstream. “I believe Liu’s winning holds great significance and will resonate with those architects,” he adds.

    Liu’s focus on ordinary people is reflected in his largest project West Village, a five-story urban complex completed in 2015 in Chengdu. The complex includes a football field, a perimeter of paths for cyclists and pedestrians, and a market. The block has become a popular public space and a destination for the city’s residents to spend leisure time.

    Hearing the news that Liu won the Pritzker Prize, many netizens who have visited the West Village and the museums he designed expressed that his architecture embodies a precious sense of relaxation, much like the vibrant city of Chengdu itself, which is known for its giant pandas, hotpot and leisurely pace.

    Liu was born in Chengdu in 1956 and has lived and worked in Sichuan ever since. He consistently refuses to join the crowds working in cities like Beijing and Shanghai, choosing instead to remain rooted in Chengdu.

    After graduating with Bachelor of Engineering in architecture in 1982 from the then Institute of Architecture and Engineering in Chongqing (now Chongqing University), he gave up architecture and began writing novels. A decade later, he attended a friend’s architectural exhibition and decided to resume his old passion and continue practicing design.

    Liu’s friends often joke that he is the best architect among novelists and the best novelist among architects. This poetic narrative style has also been integrated into his designs, such as the Luyeyuan Stone Sculpture Art Museum in Chengdu, which balances water and ancient stones to reflect the natural landscape.

    Liu was also praised by the jury for his integration of traditional Chinese philosophy into his works. He thinks that for thousands of years, the concept of traditional Chinese philosophy is not to conquer nature but to adapt to and coexist with it.

    Alejandro Aravena, chair of the jury and 2016 Pritzker laureate from Chile, says: “In a world that tends to create endless dull peripheries, he has found a way to build places that are a building, infrastructure, landscape and public space at the same time. His work may offer impactful clues on how to confront the challenges of urbanization in an era of rapidly growing cities.”

    As the 54th laureate of the Pritzker prize, Liu will be honored at a celebration in Abu Dhabi, United Arab Emirates, later this spring.

    MIL OSI China News –

  • MIL-OSI NGOs: North Dakota Supreme Court denies Greenpeace entities’ petition for venue change in Energy Transfer SLAPP trial

    Source: Greenpeace Statement –

    Greenpeace USA brought a powerful visual campaign to the streets of Dallas, projecting messages around Dallas to highlight the growing threat to free speech and peaceful protest. © Ollie Harrop / Greenpeace

    Bismarck, ND (March 5, 2025) — The North Dakota Supreme Court today denied a petition by Greenpeace organizations in the US and Greenpeace International for a change of venue as they defend against the SLAPP case brought by Energy Transfer in Morton County.

    The North Dakota Supreme Court’s denial follows three prior denied motions to the Morton County court for change of venue. 

    “While we are disappointed with this outcome, we have always believed in the strength of our defense, and will continue to present our case,” said Greenpeace USA Senior Legal Advisor Deepa Padmanabha. “We trust that the jury will follow the facts and the law, and render a decision in our favor.” 

    “The fairness of a trial should be above any questioning. A jury drawn from a community heavily affected by the events Energy Transfer is attempting to blame on the defendants, shouldn’t bear the responsibility of deciding this case. It’s disappointing to learn the Supreme Court denied the motion, but we are confident in our defense and will continue to focus on winning at trial,” said Daniel Simons, Senior Legal Counsel, Greenpeace International.

    Contact: Madison Carter, Greenpeace USA Senior Communications Specialist, [email protected]

    Greenpeace USA is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.

    MIL OSI NGO –

  • MIL-OSI USA: Capito Statement on Commerce Secretary Announcement on BEAD Funding

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.), a member of the Senate Commerce, Science, and Transportation Committee, released the below statement following Commerce Secretary Howard Lutnick’s statement that the department will be pausing and reviewing the BEAD program. The purpose of the pause is to make it more efficient and easier to deploy broadband.
    “I appreciate Secretary Lutnick wanting to improve the BEAD program after learning the Biden administration added many unnecessary mandates that led to delays in getting broadband deployed in West Virginia. It has been nearly three and a half years since BEAD was signed into law and it hasn’t connected a single person in my state,” Senator Capito said. “West Virginia has jumped through every hoop to deploy the $1.2 billion in broadband funding, which is sure to be a game changer for our state’s connectivity goals. While I am all for improving the program, I do not want to see West Virginia wait longer than is necessary or have to redo their proposals and application. I will continue to push to get the more than 97,000 unserved locations and nearly 15,000 underserved locations across West Virginia connected through the BEAD program as quickly as possible.”

    MIL OSI USA News –

  • MIL-OSI USA: Chairman Capito Opening Statement at Hearing on Nominations of Fotouhi, Szabo to Leadership Roles at the Environmental Protection Agency

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    To watch Chairman Capito’s opening statement, click here or the image above.
    WASHINGTON, D.C. – Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Chairman of the Senate Environment and Public Works (EPW) Committee, led ahearing on the nominations of David Fotouhi to be Deputy Administrator of the Environmental Protection Agency (EPA) and Aaron Szabo to be Assistant Administrator for the Office of Air and Radiation of the EPA.
    In her opening remarks, Chairman Capito recognized the deep environmental experience that both nominees have gained through roles in both the public and private sectors. Additionally, Chairman Capito highlighted the importance of the nominees’ roles in returning the EPA to its core mission of protecting our nation’s air, land, and water, without inhibiting economic development in accordance with laws established by Congress.
    Below is the opening statement of Chairman Shelley Moore Capito (R-W.Va.) as delivered.
    “Today we will receive testimony from David Fotouhi, the nominee to serve as the Environmental Protection Agency’s Deputy Administrator and from Aaron Szabo, to serve as the EPA Assistant Administrator for Air and Radiation. These are two very important positions in the Agency.
    “So, I’m looking forward to this productive conversation about how Mr. Fotouhi and Mr. Szabo will ensure President Trump’s agenda to get the Agency back to its core mission and reestablish American energy dominance.
    “Mr. Fotouhi currently is a partner at Gibson Dunn and Crutcher, where he has represented clients on matters relating to environmental law. He previously served as the Acting General Counsel and Principal Deputy General Counsel at the EPA. He is no stranger to EPA. Mr. Fotouhi has been recognized by multiple national law publications for his work in environmental and energy law, and as a leader on those issues.
    “Mr. Fotouhi’s previous experience at the EPA provides him a wealth of perspective on the Agency’s critical role in protecting our nation’s air, land, and water while doing so within the boundaries of the legal authority that Congress has established.
    “The EPA Deputy Administrator is generally tasked with overseeing the day-to-day operations of the Agency. In this role, Mr. Fotouhi will coordinate the work of the EPA’s important air, water, and chemicals offices, in addition to the EPA’s Regional offices research, enforcement, and General Counsel teams. Effectively integrating the Agency’s work will be at the top of Mr. Fotouhi’s list of responsibilities.
    “Facilitating economic growth while protecting public health and the environment requires the Agency to establish consistent and legally defensible regulations, fairly and clearly enforce those rules, and communicate with the states, communities, and entities impacted by these regulations.
    “Mr. Szabo, President Trump’s nominee to serve as the Assistant Administrator for the Office of Air and Radiation, is currently serving as a Senior Advisor to the EPA Administrator after representing a wide variety of clients in the private sector on energy and environmental matters. For more than ten years, Mr. Szabo worked as a career civil servant, first for the Nuclear Regulatory Commission, then the Office of Information and Regulatory Affairs, known as OIRA, and then the Council on Environmental Quality.
    “As an NRC career staff member, Mr. Szabo was repeatedly recognized with awards for his excellent performance in the Office of Nuclear Reactor Regulation. In June of 2016, during Mr. Szabo’s tenure working for the Obama Administration’s OIRA, he received the Special Achievement Award. Mr. Szabo’s nomination to lead the Office of Air and Radiation will place him in a central role to roll back the Biden administration’s extreme attack on reliable, baseload energy sources. 
    “Under the Biden EPA, American energy producers were subject to a barrage of legally suspect regulations that were intended to bankrupt oil, gas, and coal companies. These attacks led to increased energy costs on American families, reduced electric reliability, and undermined our energy security.
    “In contrast to the Biden administration’s agenda, President Trump’s agenda will right size our environmental regulations within the bounds of the laws passed by this Congress and past Congresses, while in turn increase energy production, enable innovation, and unleash economic growth while protecting the environment. As Administrator Zeldin stated during his confirmation hearing, the EPA has far too often exceeded the legal authority Congress has provided in law.
    “This pattern, repeated during the Obama and then Biden Administrations, forced American businesses to pay for costly compliance requirements, even though the underlying regulation was ultimately struck down by the courts. Today’s nominees understand the impact of the Obama-Biden regulatory strategy.
    “Mr. Fotouhi and Mr. Szabo have represented a wide range of energy and environmental clients in legal and regulatory proceedings, as well as counseled clients on environmental compliance and due diligence. While some might suggest that representing regulated entities, particularly ones they don’t like or agree with in private practice, should bar attorneys like Mr. Fotouhi and Mr. Szabo from serving in these roles. But I believe that view misses the extensive value of both of the nominees’ public and private experiences. 
    “It is important for all of the EPA’s staff, especially senior leadership, to understand how the Agency’s use of statutory authority and enforcement tools affect states and regulated entities, as well as how that regulatory action can best achieve compliance and maximize positive environmental outcomes.
    “I am confident our witnesses’ legal training, previous government experience, and professional experience will serve them well in the positions for which they have been nominated.
    “The EPA must get back to what it does best, facilitating cleanup of polluted sites in communities across America, establishing scientific sound and achievable regulations, and fulfilling the ‘cooperative federalism’ model of working with states to meet national environmental standards.
    “I look forward to exploring these issues in more detail with our witnesses.”

    MIL OSI USA News –

  • MIL-OSI USA: Chairman Capito Asks Fotouhi, Szabo about Importance of Cooperative Federalism, Energy Reliability in Nominations Hearing

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    To watch Chairman Capito’s questions, click here or the image above.
    WASHINGTON, D.C. – Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Chairman of the Senate Environment and Public Works (EPW) Committee, led ahearing on the nominations of David Fotouhi to be Deputy Administrator of the Environmental Protection Agency (EPA) and Aaron Szabo to be Assistant Administrator for the Office of Air and Radiation of the EPA. During the hearing, Chairman Capito asked the nominees about the importance of cooperative federalism and addressing America’s energy reliability concerns, as well as establishing EPA rules consistent with laws passed by Congress.
    HIGHLIGHTS:
    COOPERATIVE FEDERALISM:
    CHAIRMAN CAPITO:
    “The environmental laws are based on the principle of which states are co-regulatory partners with the federal government. Rather than considering them, the states, as partners, the previous Administration has sort of overlooked and treated the states as subordinates. State and local environmental agencies are dedicated to working together with federal regulators, and a lot of times, certainly understand the areas, their own regions, a lot better. State agencies are best suited to understand the diversity in their geographic, economic, and social elements…will you commit to engaging with states under the cooperative federalism framework to establish workable rules and implementation strategies, this is for both of you, to protect public health and the environment?”
    DAVID FOTOUHI:
    “Yes, absolutely. The environmental statutes, as you said, broadly speaking, are drafted in a way that the federal government, and states, and tribes, and others work in partnership to achieve the results that Congress intended when those statutes were promulgated, doing so in a way that empowers states through cooperative federalism, as you mentioned, providing the technical assistance that states need to understand their resources best. Also to encourage states and tribes to assume the responsibility for federal permitting programs will be a priority of mine if confirmed.”
    AARON SZABO:
    “The importance of cooperative federalism, as David mentioned, it is important that states have the primary role in regulating. They know what’s best for their states. It’s something I believe, and it’s something the Clean Air Act requires. States know how to regulate their entities the best, and it’s important to allow them to do that under the Clean Air Act. Additionally, it’s also important not to punish those states for emissions that are not the fault of their own state. I think that we can work better, in a cooperative manner with the states, and provide those environmental protections faster.”
    ENERGY RELIABILITY:
    CHAIRMAN CAPITO:
    “We know that the Clean Power Plan, and certainly you have a lot of experience with this, intentionally designed to impose unattainable requirements to cause the early retirement of a lot of our coal and natural gas plants. But, during the same time, prices have skyrocketed and our reliability has been called into question. The North American Electric Reliability Corporation forecast that well over half of the U.S. will face potential electricity shortages and blackout risks, and this is a largely result of reduced supply baseload power….as you oversee and implement the Clean Air Act, statutory obligations to protect public health and environment, will you ensure that the Agency takes into account electric reliability and energy affordability on the impacts on American families?”
    AARON SZABO:
    “If confirmed, we are bound by what is stated in the Clean Air Act, and that includes the consideration of costs and impacts on the country. With respect to any action within section 111 that the Clean Power Plan was, or the Clean Power Plan 2.0, whichever version you want to call it, was established under, we must follow the law and that includes the consideration of impacts on electricity reliability.”
    DAVID FOTOUHI:
    “I think the Agency needs to heed the decision of the Supreme Court in the West Virginia case. In particular, that was very clear that EPA is not a grid-wide energy regulator. It is not an entity that is responsible for determining whether generation shifting should occur between different sources. EPA should always, when implementing the Clean Air Act or any other program, abide by its statutory authority that Congress has delegated to it.”
    DURABLE RULE MAKING: 
    CHAIRMAN CAPITO: 
    “Mr. Fotouhi, you have served as an attorney who has advised and litigated on behalf of both private clients and the EPA for almost 15 years. How would that experience guide your approach to ensuring that EPA’s rules are consistent with statute and durable for the long term?
    DAVID FOTOUHI:
    “Rule of law is my touchstone. It’s extremely important to me as a professional, as an environmental lawyer, as it was the case when I served at EPA in my role there, advising the administrator on options and legal issues. The critical touchstone has to be in every occasion, ensuring that we are following the congressional authorization and statutory language that’s been drafted by Congress. The Supreme Court has been very clear on this point, repeatedly. In the Biden administration alone, the Biden EPA lost every Supreme Court case that it had in front of the court over the last four years. We need to restore trust in EPA’s actions, and part of that is to ensure that those actions are done consistently with the law, and that we are not over reading our statutory authority and exceeding the boundaries that this Congress has placed on the agency.”
    Click HERE to watch Chairman Capito’s questions.
    Click HERE to watch Chairman Capito’s opening statement.

    MIL OSI USA News –

  • MIL-OSI USA: Trump Touts Alaska LNG as a Top Priority of New Administration

    US Senate News:

    Source: United States Senator for Alaska Dan Sullivan
    03.05.25
    WASHINGTON—U.S. Senator Dan Sullivan (R-Alaska) today celebrated President Donald Trump’s endorsement of the Alaska Liquefied Natural Gas (LNG) Project as a top priority of his new administration in the President’s joint address to Congress last night.
    Sen. Sullivan has been a relentless advocate for the Alaska LNG Project as an opportunity to provide abundant, clean-burning, low-cost energy to Alaskans, promote American energy security, and deepen America’s alliances with its Indo-Pacific partners, particularly Japan and South Korea. Following Russia’s invasion of Ukraine, Sen. Sullivan has taken four trips to Japan and South Korea to promote the project, talking to numerous potential investors and the senior-most government and private sector officials in each country. More recently, he has spoken directly with President Trump on several occasions about the project and gave him the comprehensive document called, “America’s Gasline.” The senator has also had extensive conversations with nearly all of President Trump’s cabinet officials about the Alaska LNG Project, garnering their support.
    “My administration is also working on a gigantic natural gas pipeline in Alaska, among the largest in the world, where Japan, South Korea and other nations want to be our partner with investments of trillions of dollars each,” President Trump said. “There’s never been anything like that one. It will be truly spectacular. It’s all set to go. The permitting is gotten.”
    [embedded content]
    “The fact that the President of the United States was highlighting the Alaska LNG Project as one of the biggest things he wants to get done for America was huge for our state and huge for our country,” Sullivan said in an interview following the address. “It’s not going to happen overnight, but the fact that we have the President and his entire cabinet fully putting their shoulder into this was quite remarkable…Governor Dunleavy and I pitched the Trump administration on having the President mention this in his State of the Union…I hope a lot of Alaskans saw that we have been working this really hard, because we have a great opportunity—the private sector elements of this are coming together, the foreign government elements of this giant project are coming together. But when you get the President and his entire cabinet saying, we’re going to get this done, and he tells the American people that, I don’t think that’s ever happened before for Alaska…It was a big night for us, and I’m really excited.”
    The Alaska LNG Project will be capable of providing more than three billion cubic feet of low-cost, low-emission natural gas to Alaskans, Americans, and to allied nations around the world each day. It is also projected to create up to 10,000 construction and 1,000 operations jobs.
    Below is a timeline of Sen. Sullivan’s recent work on advancing the Alaska LNG Project and deepening the energy security ties between the U.S. and America’s Japanese and Korean allies.
    On February 24, 2025, Sen. Sullivan had an Alaska LNG focused meeting with Interior Secretary Doug Burgum at the Department of the Interior.
    On February 7, 2025, President Trump announced a “joint venture” on Alaska oil and gas between the United States and Japan.
    On January 8, 2025, Sen. Sullivan personally pitched President Trump on the Alaska LNG Project.
    On December 17, 2024, Sen. Sullivan focused on the Alaska LNG Project in his meeting with now-Secretary of Energy Chris Wright.
    In August of 2024, Sen. Sullivan participated in a bipartisan Senate delegation visit to Japan and South Korea, and discussed the Alaska LNG Project with numerous senior government and business leaders in both countries.
    In February 2024, Sen. Sullivan and seven of his Senate colleagues introduced a Senate resolution recognizing the importance of trilateral cooperation among the United States, Japan, and South Korea.
    On October 8, 2023, Sen. Sullivan penned an op-ed in the Anchorage Daily News urging Alaskans to unite in advancing the Alaska LNG Project as a critical solution to Alaska’s energy needs.
    In June 2023, Sen. Sullivan visited South Korea and Japan, where he met with senior government and private sector officials about the Alaska LNG Project. Similar to his October 2022 visit to Tokyo, Sen. Sullivan convened an Alaska LNG Summit of U.S. and Korean energy and policy leaders with the U.S. Embassy in Seoul. Following the visit, the U.S. Embassy in Seoul established an Alaska LNG Task Force.
    On May 18, 2023, Sen. Sullivan introduced the Indo-Pacific Strategic Energy Initiative Act, legislation to promote the financing and development of new energy infrastructure projects in the Indo-Pacific region—with a focus on natural gas—in order to end U.S. allies’ dependance on Russian natural gas in the wake of Russia’s invasion of Ukraine.
    In May 2023, Sen. Sullivan spoke at the Alaska Sustainable Energy Conference about the Alaska LNG Project and opportunities to deliver clean-burning, low-cost gas to Alaskans and to America’s Indo-Pacific allies.
    In May 2023, Sen. Sullivan, Sen. Lisa Murkowski (R-Alaska), and Rep. Mary Peltola (D-Alaska) welcomed a ruling from the U.S. Court of Appeals for the D.C. Circuit upholding the Federal Energy Regulatory Commission’s (FERC) approval of the Alaska LNG Project.
    On March 6, 2023, Sen. Sullivan led a letter with his Senate colleagues to U.S. Ambassador to Japan Rahm Emanuel urging the Biden administration to publicly support the export of abundant U.S. natural gas to America’s allies in Europe and Asia, particularly Japan, which has prioritized energy security in its term leading the G7.
    On December 16, 2022, Sen. Sullivan welcomed a new national security strategy and related documents released by Japanese Prime Minister Fumio Kishida that focuses on deepening Japan and the U.S.’s national security cooperation.
    In October 2022, Sen. Sullivan visited Japan and South Korea to advocate for the Alaska LNG Project. In Tokyo, Sen. Sullivan and Ambassador Emanuel convened an Alaska LNG Summit of U.S. and Japanese energy and policy leaders. Prior to the summit, the U.S. Embassy in Tokyo established an Alaska LNG Task Force.
    In June 2022, Sen. Sullivan and Gov. Mike Dunleavy (R-Alaska) visited Japan to meet with Japanese companies, utilities, and government ministries about the Alaska LNG Project.
    In August 2021, Sens. Murkowski and Sullivan secured a provision in the Infrastructure Investment and Jobs Act making the Alaska LNG Project eligible for a federal loan guarantee of roughly $30 billion that is indexed to inflation.
    In August 2020, the Department of Energy (DOE) issued a final, unconditional order authorizing the Alaska LNG Project to export LNG.
    In May 2020, FERC granted the Alaska Gasline Development Corporation (AGDC) authorization to construct and operate the Alaska LNG Project.
    Between 2014 and 2022, the Alaska LNG Project secured all of its necessary federal permits and authorizations.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Recycling Sector – Widespread support to start a Container Return Scheme in NZ

    Source: Zero Waste Network


    A coalition of 84 companies, councils and not for profit organisations have written to the NZ Government asking them to modernise how we handle waste and litter in New Zealand by starting a Container Return Scheme.

    Organisations as diverse and significant as Woolworths, Foodstuffs NZ, Coca Cola, BP, The Warehouse, The University of Auckland, the NZ Beverage Council, the Zero Waste Network and 24 councils, spanning from the Far North to Dunedin, have signed the request and offered to help the Government set up a successful scheme.

    “It is great to see retailers, drink producers, councils, recyclers and community organisations coming together to ask the government to start a Container Return Scheme in New Zealand.” said Zero Waste Network Spokesperson Sue Coutts. “We have a common interest in increasing recycling rates and reducing litter and pollution.”

    The 84 signatories are asking the Government to prioritise a Container Return Scheme because they are proven to increase recycling rates, create new jobs, and provide fundraising mechanisms for community groups, and the charity sector. A Container Return Scheme lines up with the government’s waste objectives and climate goals, as well as being supported by more than 80% of New Zealanders. (Reloop 2022; Kantar, 2023)

    “A 2023 survey showed that 89% New Zealanders like the idea of a Container Return Scheme. Paying a deposit when you buy a drink and getting it back when you drop off the empty bottle or can makes sense to people.” said Sue Coutts. “Communities, clubs and charities could use the scheme to raise funds for sports gear, local projects, school trips and other activities. I know a lot of organisations who would love to be able to do that.”

    2.6 billion drink bottles, cans and cartons get sold in New Zealand each year. Less than half of these are collected for recycling, but overseas Container Return Schemes achieve 90% recycling rates.

    “We know from the international evidence that Container Return Schemes work. A well-designed scheme would double the return rate for drink bottles and cans from 45% to 90%. These schemes are working well in 57 countries and states around the world from Canada to Europe. It’s time for New Zealand to start a Container Return Scheme so we can create good jobs in the recycling industry and in our regions, and feel proud of our clean green reputation.”


    A copy of the full letter to the Minister can be found here: https://44104809.fs1.hubspotusercontent-na1.net/hubfs/44104809/Documents/Advocacy%20documents/2422025%20CRS%20-%20Broad%20Advocacy%20Letter_FINAL.pdf?utm_medium=email&_hsmi=350289176&utm_content=350289176&utm_source=hs_email

    MIL OSI New Zealand News –

  • MIL-OSI USA: Attorney General Bonta Secures Nationwide Preliminary Injunction Blocking Trump Administration’s NIH Funding Cuts

    Source: US State of California

    Wednesday, March 5, 2025

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    OAKLAND – California Attorney General Rob Bonta today issued the following statement in response to the U.S. District Court for Massachusetts issuing a preliminary injunction that continues blocking the Trump Administration’s unlawful and drastic National Institutes of Health (NIH) funding cuts from taking effect. The preliminary injunction is in effect with respect to institutions nationwide until further order by the court. 

    “Last month, my fellow attorneys general and I secured a temporary restraining order, which blocked the Trump Administration from eviscerating funding for life-saving medical research. Now, we have secured a preliminary injunction that continues barring the Trump Administration from implementing the NIH funding cuts,” said Attorney General Bonta. “The court’s order also notes that we are likely to succeed on the merits of our claims. As we have said before, we will not allow President Trump to play politics with our public health or to break the law.” 

    On February 10, 2025, Attorney General Bonta, as part of a coalition of 22 attorneys general, announced suing the Trump Administration over the NIH funding cuts and sought a temporary restraining order. Less than six hours later, the U.S. District Court for Massachusetts granted the temporary restraining order. On February 21, 2025, the court held a preliminary injunction hearing, and in advance of the hearing, Attorney General Bonta and his fellow attorneys general released a joint statement.  

    A copy of the court’s order granting the preliminary injunction can be found here. 

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: Ernst Urges USDA to Deliver Relief to Iowa Turkey Farmers

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    WASHINGTON – U.S. Senator Joni Ernst (R-Iowa) joined the entire Iowa delegation to urge U.S. Secretary of Agriculture Brooke Rollins and the Acting Administrator of the Farm Service Agency Kimberly Graham to deliver critical financial relief for Iowa turkey farmers.
    In their letter, the lawmakers outlined the dire animal health crisis due to avian metapneumovirus (aMPV) that has caused flock losses from 30-50% since the fall of 2023, threatening producer stability and the broader national turkey supply.
    “Iowa’s sharp decline in turkey production is reflective of the national turkey industry at large. Despite devastating financial shortfalls and supply chain disruptions caused by aMPV, there are currently no federal assistance programs available to offset these devastating losses, leaving many family-owned operations at risk of closure. Without immediate support, the viability of these farms—and the stability of the U.S. turkey industry—is in jeopardy,” wrote the lawmakers.
    “To mitigate these losses and prevent future outbreaks, we urge the USDA Farm Service Agency (USDA-FSA) to consider determining aMPV as an eligible adverse event under the Livestock Indemnity Program so that our farmers can access much-needed financial relief to affected producers,” the lawmakers concluded.
    In 2024, an estimate of 569,700 turkeys in Iowa have been lost due to aMPV, and the ongoing spread of Highly Pathogenic Avian Influenza (HPAI) – a completely separate but deadly virus – has only been compounding the financial, physical, and mental strains on turkey producers.
    Read the full letter here.
    Background:
    Ernst has long been a champion of foreign animal disease prevention and preparedness efforts including the bipartisan Animal Disease and Disaster Prevention, Surveillance, and Rapid Response Act and her Beagle Brigade Act, which was recently signed into law.
    Following the increase in HPAI outbreaks in both Iowa poultry flocks and dairy herds, Ernst hasworked to hold federal agencies accountable to provide public and state agencies with coordinated, up-to-date, and accurate information on the spread of the virus.
    Last month, Ernst provided USDA with a blueprint for developing an effective plan to combat HPAI and protect Iowa poultry farmers. During a Senate Agriculture Committee hearing, Ernst directly raised the need for a vaccination strategy that takes trade into account and praised Secretary Rollins for hercomprehensive HPAI strategy. 

    MIL OSI USA News –

  • MIL-OSI USA: CWA Defends High-Speed Internet Program as House Republicans Propose Delays and Elon Musk Seeks to Divert Public Money for Private Profit

    Source: Communications Workers of America

    WASHINGTON, D.C. – Today the Communications Workers of America (CWA) union stood up for efforts to bring affordable, high-speed internet to all Americans while creating quality jobs as members of the House Committee on Energy and Commerce held a contentious debate over the future of the Bipartisan Infrastructure Law’s $42 billion program to build high-speed internet connections to all Americans.

     

    With funding for the program, known as BEAD, ready to be deployed to the states, House Republicans today announced new legislation that could delay implementation. The Commerce Department announced they will be conducting a “rigorous review” of the BEAD program and is reported to be considering an overhaul of the program that could enable Elon Musk’s satellite company Starlink to profit from public money intended for high-quality rural broadband.

     

    In a statement submitted to the House Committee on Energy and Commerce, Subcommittee on Communications and Technology hearing today, CWA Director of Research Nell Geiser defended the BEAD program and spoke to the urgent need to build the quality networks that communities are waiting for. “Residents in rural and unserved areas have waited long enough,” Geiser wrote. “Many states are ready to award the funds and build networks and should not be slowed down with revised standards, new mandates or requirements. If NTIA wants to offer additional flexibility, it can do so through waivers for particular states, and not delay states that are ready to move forward today.”

     

    Fiber is the best performing technology of today and tomorrow. CWA members know from on-the-job training and experience that fiber-optic broadband is superior to other technologies. We can’t allow public dollars to go towards expensive and unreliable satellite companies where fiber is the responsible choice. 

     

    A well-trained workforce and quality networks go hand-in-hand. We cannot expect to have the workforce needed to build and maintain our networks if we do not create good jobs that will attract and retain a well-trained workforce. The BEAD program recognizes this problem and gives states the flexibility to support labor standards and training.

     

    States have put significant time and resources into BEAD and are now ready to make awards. There is broad bipartisan support against any pause or overhaul of the BEAD program. States are now on the cusp of getting shovels in the ground. Pressing pause on the program now would be a tremendous waste of resources.

     

    CWA members are broadband technicians and support representatives at many of the nation’s large and small broadband providers who hear from customers daily about the problems of limited bandwidth over outdated or inadequate technologies. Through their union, CWA members advocate in support of public investment and oversight to support universal access to high quality internet access for all Americans. CWA advocated for robust broadband deployment funding in the Bipartisan Infrastructure Law to definitively address the digital divide and find common ground across partisan divides.

     

    ###

    MIL OSI USA News –

  • MIL-OSI: Athabasca Oil Announces 2024 Year-end Results including Record Cash Flow, Strong Return of Capital and Significant Reserves Growth

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its audited 2024 year-end results and reserves. Athabasca provides investors unique positioning to top tier liquids weighted assets (Thermal Oil and Duvernay) with a focus on maximizing cash flow per share growth by investing in competitive projects alongside a return of capital framework that will continue to direct 100% of Free Cash Flow to share buybacks in 2025.

    Year-end 2024 Consolidated Corporate Results

    • Production: Annual production of 36,815 boe/d (98% Liquids), representing 7% (14% per share) growth year over year. Strong production performance across all assets supported the Company achieving its upwardly revised annual guidance of 36,000 – 37,000 boe/d (July 2024).
    • Record Cash Flow: Adjusted Funds Flow of $561 million ($1.02 per share), representing 102% per share growth year over year. Cash Flow from Operating Activities of $558 million. Free Cash Flow of $322 million from Athabasca (Thermal Oil).
    • Capital Program: $268 million, within annual guidance of $270 million, highlighted by $164 million invested at Leismer for completing the 28,000 bbl/d expansion and advancing the 40,000 bbl/d expansion project and $73 million in Duvernay development.
    • Pristine Balance Sheet: Net Cash position of $123 million; Liquidity of $481 million ($345 million of cash). Athabasca has $2.3 billion of tax pools (~80% high-value and immediately deductible).

    Return of Capital Strategy

    • Achieved Return of Capital Commitment in 2024: Athabasca (Thermal Oil) allocated ~100% of its Free Cash Flow (“FCF”) to return of capital in 2024 completing $317 million in share repurchases.
    • Cumulative Return of Capital of ~$900 million: Since 2021, the Company has delivered a deliberate return of capital strategy, prioritizing ~$400 million of debt reduction followed by share buybacks of ~$500 million to date. The Company has reduced its fully diluted share count by ~18% since Q1 2023.
    • Continued 100% of Free Cash Flow (Thermal Oil) Return to Shareholders through buybacks in 2025: The Company expects to utilize ~100% of its Normal Course Issuer Bid (“NCIB”) for the second straight year. Following the expiry of its current NCIB on March 17, 2025 the Company will renew a third annual NCIB with the Toronto Stock Exchange.

    2024 Year-end Consolidated Reserves1

    • Differentiated Long-life Reserves: Athabasca holds 1.3 billion boe of Proved Plus Probable (“2P”) reserves and ~1 billion barrels of Contingent Resource (Best Estimate). This represents $6.4 billion2 NPV10 of 2P reserves ($12.44 per share), an increase of 35% per share from 2023, and includes $3.8 billion2 of Total Proved (“1P”) reserves ($7.28 per share), an increase of 34% per share from 2023.
    • Thermal Oil Underpins Deep Value: An $813 million increase in 2P NPV102 to $5.8 billion is supported by well design driving improved capital efficiencies, lower operating costs at both producing projects and constructive heavy oil pricing. These reserves represent a ~30 year 1P and ~90 year 2P reserve life.
    • Duvernay Value Capture: Duvernay Energy Corporation (“DEC”) 2P reserves increased by 170% to 73 mmboe, representing a NPV102 value of $614 million. Strong growth is attributed to establishing development on the newly operated lands and accelerated development on previous land positions. DEC has an estimated 444 gross drilling locations (204 net) across its ~200,000 acre (gross) land base.

    2025 Guidance Maintained

    • Athabasca (Thermal Oil): The Thermal Oil division underpins the Company’s strong Free Cash Flow outlook, with unchanged production guidance of 33,500 – 35,500 bbl/d and an unchanged ~$250 million capital budget. The program at Leismer includes the tie-in of six redrills and four new sustaining well pairs on Pad 10 early in 2025, along with continued pad and facility expansion work for the progressive expansion to 40,000 bbl/d. At Hangingstone two extended reach sustaining well pairs (~1,400 meter average laterals) that were drilled in 2024 will be placed on production in March.
    • Duvernay Energy Corporation: The 2025 capital program of ~$85 million includes the completion of a 100% working interest (“WI”) three-well pad that was drilled in 2024 and the drilling and completion of a 30% WI four-well pad. Activity will also include spudding two additional multi-well pads in H2 2025 (one operated 100% WI pad and one 30% WI pad) with completions to follow in 2026. DEC is constructing gathering system infrastructure on its operated assets that will support exit production of ~5,500 boe/d this year and momentum into 2026.
    • Significant Free Cash Flow: The Company forecasts consolidated Adjusted Funds Flow between $525 – $550 million3, including $475 – $500 million from its Thermal Oil assets. Every +US$1/bbl move in West Texas Intermediate (“WTI”) and Western Canadian Select (“WCS”) heavy oil impacts annual Adjusted Funds Flow by ~$10 million and ~$17 million, respectively. Athabasca forecasts generating ~$1.8 billion of Free Cash Flow3 from its Thermal Oil assets over five years (2025-29), representing ~70% of its current equity market capitalization.
    • Competitive and Resilient Break-evens. Thermal Oil is competitively positioned with sustaining capital to hold production flat funded within cash flow at ~US$50/bbl WTI1 and growth initiatives fully funded within cash flow below US$60/bbl WTI1. The Company’s operating break-even is estimated at ~US$40/bbl WTI3. Every $0.01 change in the Canada/US exchange rate is ~$10 million in annual Adjusted Funds Flow, and a weakened Canadian dollar would help cushion the impact that any potential US tariffs may have on commodity pricing.
    • Steadfast Focus on Cash Flow Per Share Growth: The Company forecasts ~20% compounded annual cash flow per share3 growth between 2025 – 2029 driven by investing in attractive capital projects and prioritizing share buybacks with Free Cash Flow.

    Footnote: Refer to the “Reader Advisory” section within this news release for additional information on Non‐GAAP Financial Measures (e.g. Adjusted Funds Flow, Free Cash Flow, Net Cash, Liquidity) and production disclosure.

    1Consolidated reserves reflect gross reserves and financial metrics before taking into account Athabasca’s 70% equity interest in Duvernay Energy.
    2Net present value of future net revenue before tax at a 10% discount rate (NPV 10 before tax) for 2024 is based on an average of McDaniel, Sproule and GLJ pricing as at January 1, 2025.
    3Pricing Assumptions: 2025 US$70 WTI, US$12.50 WCS heavy differential, C$2 AECO, and 0.725 C$/US$ FX; 2026-29 US$70 WTI, US$12.50 WCS heavy differential, C$3 AECO, and 0.725 C$/US$ FX.

    Financial and Operational Highlights

      Three months ended
    December 31,    		   Year ended
    December 31,    		  
    ($ Thousands, unless otherwise noted) 2024   2023   2024     2023  
    CORPORATE CONSOLIDATED(1)                  
    Petroleum and natural gas production (boe/d)(2)   37,236       33,127       36,815       34,490  
    Petroleum, natural gas and midstream sales $ 352,456     $ 315,929     $ 1,442,091     $ 1,268,525  
    Operating Income(2) $ 155,022     $ 96,960     $ 620,092     $ 417,023  
    Operating Income Net of Realized Hedging(2)(3) $ 153,119     $ 91,443     $ 613,630     $ 381,088  
    Operating Netback ($/boe)(2) $ 45.53     $ 30.44     $ 46.14     $ 32.57  
    Operating Netback Net of Realized Hedging ($/boe)(2)(3) $ 44.97     $ 28.71     $ 45.66     $ 29.76  
    Capital expenditures $ 92,944     $ 38,752     $ 268,042     $ 139,832  
    Cash flow from operating activities $ 158,677     $ 103,196     $ 557,541     $ 305,526  
    per share – basic $ 0.30     $ 0.18     $ 1.02     $ 0.52  
    Adjusted Funds Flow(2) $ 143,737     $ 81,830     $ 560,935     $ 295,236  
    per share – basic $ 0.27     $ 0.14     $ 1.02     $ 0.51  
    ATHABASCA (THERMAL OIL)                  
    Bitumen production (bbl/d)(2)   33,849       31,059       33,505       30,246  
    Petroleum, natural gas and midstream sales $ 346,716     $ 309,078     $ 1,419,670     $ 1,204,245  
    Operating Income(2) $ 143,246     $ 92,199     $ 569,083     $ 370,732  
    Operating Netback ($/bbl)(2) $ 46.30     $ 30.78     $ 46.54     $ 32.93  
    Capital expenditures $ 74,268     $ 29,371     $ 194,902     $ 118,975  
    Adjusted Funds Flow(2) $ 133,398         $ 516,612        
    Free Cash Flow(2) $ 59,130         $ 321,710        
    DUVERNAY ENERGY(1)                  
    Petroleum and natural gas production (boe/d)(2)   3,387       2,068       3,310       4,244  
    Percentage Liquids (%)(2) 75 %   71 %   76 %   58 %
    Petroleum, natural gas and midstream sales $ 20,179     $ 12,659     $ 83,194     $ 91,062  
    Operating Income(2) $ 11,776     $ 4,761     $ 51,009     $ 46,291  
    Operating Netback ($/boe)(2) $ 37.79     $ 25.02     $ 42.10     $ 29.89  
    Capital expenditures $ 18,676     $ 9,381     $ 73,140     $ 20,857  
    Adjusted Funds Flow(2) $ 10,339         $ 44,323        
    Free Cash Flow(2) $ (8,337 )       $ (28,817 )      
    NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)                  
    Net income (loss) and comprehensive income (loss)(4) $ 264,336     $ 27,506     $ 467,743     $ (51,220 )
    per share – basic(4) $ 0.50     $ 0.05     $ 0.85     $ (0.09 )
    per share – diluted(4) $ 0.50     $ 0.03     $ 0.85     $ (0.09 )
    COMMON SHARES OUTSTANDING                  
    Weighted average shares outstanding – basic   526,233,362       574,412,564       547,795,407       583,757,575  
    Weighted average shares outstanding – diluted   530,796,068       588,498,448       553,382,675       583,757,575  
          December 31,   December 31,  
    As at ($ Thousands)     2024   2023  
    LIQUIDITY AND BALANCE SHEET            
    Cash and cash equivalents     $ 344,836     $ 343,309  
    Available credit facilities(5)     $ 136,324     $ 85,488  
    Face value of term debt(6)     $ 200,000     $ 207,648  

    (1)    Corporate Consolidated and Duvernay Energy reflect gross production and financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
    (2)    Refer to the “Advisories and Other Guidance” section within this News Release for additional information on Non-GAAP Financial Measures and production disclosure.
    (3)   Includes realized commodity risk management loss of $1.9 million and $6.5 million for the three months and year ended December 31, 2024 (three months and year ended December 31, 2023 – loss of $5.5 million and $35.9 million).
    (4)    Net income (loss) and comprehensive income (loss) per share amounts are based on net income (loss) and comprehensive income (loss) attributable to shareholders of the Parent Company. In the calculation of diluted earnings per share for the three months ended December 31, 2023 earnings were reduced by $11.3 million to account for the impact to net income had the outstanding warrants been converted to equity.
    (5)    Includes available credit under Athabasca’s and Duvernay Energy’s Credit Facilities and Athabasca’s Unsecured Letter of Credit Facility.
    (6)    The face value of the term debt at December 31, 2023 was US$157.0 million translated into Canadian dollars at the December 31, 2023 exchange rate of US$1.00 = C$1.3226.

    Athabasca (Thermal Oil) Year-end 2024 Highlights and Operations Update

    • Production: Bitumen production averaged 33,505 bbl/d in 2024 representing 11% growth year over year (18% per share) supported by the Leismer facility expansion mid-year and Hangingstone’s resilient production base.
    • Record Cash Flow: Adjusted Funds Flow of $517 million with an Operating Netback of $46.54/bbl. Operating Income of $569 million.
    • Capital Program: $195 million of capital expenditures in 2024 focused on expansion projects at Leismer and sustaining operations at Hangingstone.
    • Free Cash Flow: $322 million of Free Cash Flow supporting 100% return of capital commitment.

    Leismer

    Bitumen production for 2024 averaged 26,103 bbl/d, up 16% year over year (18% per share).

    In Q4 2024, the Company completed drilling six extended redrills on Pad L1 and four well pairs at Pad L10. The redrills were placed onstream in February and support production of ~28,000 bbl/d. Steaming of the Pad L10 well pairs is expected to start in April with first production mid-year. Another six well pairs will be drilled in H2 2025.

    Activity at Leismer continues to be focused on advancing progressive growth to 40,000 bbl/d by the end of 2027. The project cost is estimated at $300 million generating a capital efficiency of approximately $25,000/bbl/d. The $300 million includes an estimated $190 million for facility capital (majority spread over 2025 and 2026) and an estimated $110 million for growth wells. To date the Company has procured ~80% of the project and remains on budget and on schedule with the original sanction plans announced in July 2024. This winter the Company completed regional infrastructure to Pad L10 and L11 including lease site construction, delineation drilling and pipeline looping. Major facility equipment has been purchased and the Company is preparing to install two previously acquired steam generators in 2027.

    Leismer is forecasted to remain pre-payout from a crown royalty perspective until late 20273.

    Hangingstone

    Bitumen production for 2024 averaged 7,402 bbl/d and experienced no decline during the year. Non-condensable gas co-injection has aided in pressure support and reduced energy usage. Hangingstone’s steam oil ratio averaged 3.4 for 2024.

    At Hangingstone two extended reach sustaining well pairs (~1,400 meter average laterals) were drilled in 2024. These wells commenced steaming in December and will be placed on production in March. These well pairs are expected to enhance the current production level and support base production long term.

    Hangingstone continues to deliver meaningful cash flow contributions with minimal capital to the Company and also has a pre-payout crown royalty structure to beyond 20303.

    Corner

    The Company’s Corner asset is a large de-risked top-tier oil sands asset adjacent to Leismer with 351 million barrels of 2P reserves and 520 million barrels of Contingent Resource (Best Estimate Unrisked). There are over 300 delineation wells and ~80% seismic coverage with reservoir qualities similar or better than Leismer. The asset has a 40,000 bbl/d regulatory approval for development with the existing pipeline corridor passing through the Corner lease. The Company is updating its development plans and is finalizing facility cost estimates, including modular optionality. Athabasca intends to explore external funding options and does not plan to fund an expansion utilizing existing cash flow or balance sheet resources.

    Duvernay Energy Corporation Year-end 2024 Highlights and Operations Update

    • Production: Production averaged 3,310 boe/d (76% Liquids) in 2024, supported by two pads (5 gross, 2.9 net wells) placed on production.
    • Cash Flow: Adjusted Funds Flow of $44 million in 2024 with an Operating Netback of $42.10/boe. Operating Income was $51 million in 2024. DEC has no long-term debt and ended the year with a cash position of $26 million.
    • Capital Program: $73 million of capital, fully funded within cash flow and cash on hand in DEC.

    Production from wells drilled in 2024 continue to validate DEC’s type curve expectations. The five new wells placed on production have average IP30’s of ~1,200 boe/d per well (86% liquids) and IP90s of ~940 boe/d (86% Liquids) per well.

    DEC drilled a three-well 100% working interest pad at 4-18-64-16W5 in Q4 2024. The wells were cased with average laterals of ~4,100 meters per well. This operated pad of wells is expected to be completed post-breakup in 2025. Winter activity has been focused on strategic gathering system investments connecting its newly operated assets with its existing operated infrastructure on the joint venture acreage supporting near-term development plans. DEC has secured a regional term water license and is commencing water sourcing in advance of the completion activities this summer.

    Marketing Access Strategy and Resilience to United States (“US”) Trade Tariffs

    • Long Term Market Access: Athabasca has diversified its long term end market access which includes ~7,200 bbl/d of capacity on the Keystone pipeline by 2028, providing direct exposure to the US Gulf Coast. The Company has recently contracted, through an intermediary, 10,000 bbl/d of capacity on the Enbridge Express system, providing capacity to PADD II with no associated balance sheet commitments. The start-up of the Trans Mountain pipeline expansion has provided excess egress capacity out of Canada, driving tighter and less volatile WCS heavy differentials. Industry market access is expected to be further supported by expansions on the Enbridge and Trans Mountain Pipeline systems along with the possible revival of new pipeline projects.
    • Athabasca is Resilient: The Company is well positioned to withstand macro volatility including proposed US Trade Tariffs with operational flexibility, financial durability and a robust cash flow outlook. Athabasca’s capital program is designed to provide flexible growth at Leismer and DEC has no near-term land expiries with flexible development plans. The Company’s balance sheet is in a $123 million Net Cash position with tenure on Canadian denominated term debt until 2029. Every $0.01 change in the Canada/US exchange rate is ~$10 million in annual Adjusted Funds Flow, and a weakened Canadian dollar would help cushion the impact that any potential US tariffs may have on commodity pricing.

    Differentiated Long-life Reserves1

    • Strong Reserve Growth: 22% increase year over year in 2P reserve value to $6.4 billion NPV102 ($12.44 per share, 35% increase) and 21% increase in 1P reserves to $3.8 billion2 ($7.28 per share, 34% increase). Athabasca maintains a deep inventory with a ~30 year 1P and ~90 year 2P reserve life.
    • Massive Resource Base: 1.3 billion boe of 2P reserves, anchored by 1.2 billion barrels of 2P Thermal Reserves, plus an additional ~1 billion barrels of Contingent Resources (best estimate).
    • Duvernay Energy: Significant reserve additions from ~46,000 acres of 100% working interest land, driving a 128% year over year increase in 2P reserve value to $614 million NPV102.

    Athabasca’s independent reserves evaluator, McDaniel & Associates Consultants Ltd. (“McDaniel”), prepared the year-end reserves evaluation effective December 31, 2024. Reserves are reported on a consolidated basis and reflecting gross reserves and financial metrics before taking into account Athabasca’s 70% equity interest in Duvernay Energy.

      Duvernay Energy1 Thermal Oil Corporate
      2023   2024       2023       2024       2023       2024  
    Reserves (mmboe)            
    Proved Developed Producing   4       6       77       74       82       80  
    Total Proved   11       41       404       404       415       445  
    Proved Plus Probable   27       73       1,216       1,209       1,243       1,282  
                     
    NPV10 BT ($million)2                
    Proved Developed Producing $58     $81     $1,713     $1,749     $1,771     $1,830  
    Total Proved $142     $345     $2,969     $3,421     $3,111     $3,766  
    Proved Plus Probable $269     $614     $5,011     $5,824     $5,280     $6,438  
                   

    Numbers in the table may not add precisely due to rounding.

    For additional information regarding Athabasca’s reserves and resources estimates, please see “Independent Reserve and Resource Evaluations” in the Company’s 2024 Annual Information Form which is available on the Company’s website or on SEDAR at www.sedarplus.ca.  

    1Consolidated reserves reflect gross reserves and financial metrics before taking into account Athabasca’s 70% equity interest in Duvernay Energy.
    2Net present value of future net revenue before tax at a 10% discount rate (NPV 10 before tax) for 2024 is based on an average of McDaniel, Sproule and GLJ pricing as at January 1, 2025.

    About Athabasca Oil Corporation

    Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol “ATH”. For more information, visit www.atha.com.

    For more information, please contact:

    Reader Advisory:

    This News Release contains forward-looking information that involves various risks, uncertainties and other factors. All information other than statements of historical fact is forward-looking information. The use of any of the words “anticipate”, “plan”, “project”, “continue”, “maintain”, “may”, “estimate”, “expect”, “will”, “target”, “forecast”, “could”, “intend”, “potential”, “guidance”, “outlook” and similar expressions suggesting future outcome are intended to identify forward-looking information. The forward-looking information is not historical fact, but rather is based on the Company’s current plans, objectives, goals, strategies, estimates, assumptions and projections about the Company’s industry, business and future operating and financial results. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking information included in this News Release should not be unduly relied upon. This information speaks only as of the date of this News Release. In particular, this News Release contains forward-looking information pertaining to, but not limited to, the following: our strategic plans; the allocation of future capital; timing and quantum for shareholder returns including share buybacks; the terms of our NCIB program; our drilling plans and capital efficiencies; production growth to expected production rates and estimated sustaining capital amounts; timing of Leismer’s and Hangingstone’s pre-payout royalty status; applicability of tax pools and the timing of tax payments; Adjusted Funds Flow and Free Cash Flow over various periods; type well economic metrics; number of drilling locations; forecasted daily production and the composition of production; our outlook in respect of the Company’s business environment, including in respect of commodity pricing; and other matters.

    In addition, information and statements in this News Release relating to “Reserves” and “Resources” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated, and that the reserves and resources described can be profitably produced in the future. With respect to forward-looking information contained in this News Release, assumptions have been made regarding, among other things: commodity prices; the regulatory framework governing royalties, taxes and environmental matters in the jurisdictions in which the Company conducts and will conduct business and the effects that such regulatory framework will have on the Company, including on the Company’s financial condition and results of operations; the Company’s financial and operational flexibility; the Company’s financial sustainability; Athabasca’s cash flow break-even commodity price; the Company’s ability to obtain qualified staff and equipment in a timely and cost-efficient manner; the applicability of technologies for the recovery and production of the Company’s reserves and resources; future capital expenditures to be made by the Company; future sources of funding for the Company’s capital programs; the Company’s future debt levels; future production levels; the Company’s ability to obtain financing and/or enter into joint venture arrangements, on acceptable terms; operating costs; compliance of counterparties with the terms of contractual arrangements; impact of increasing competition globally; collection risk of outstanding accounts receivable from third parties; geological and engineering estimates in respect of the Company’s reserves and resources; recoverability of reserves and resources; the geography of the areas in which the Company is conducting exploration and development activities and the quality of its assets. Certain other assumptions related to the Company’s Reserves and Resources are contained in the report of McDaniel & Associates Consultants Ltd. (“McDaniel”) evaluating Athabasca’s Proved Reserves, Probable Reserves and Contingent Resources as at December 31, 2024 (which is respectively referred to herein as the “McDaniel Report”).

    Actual results could differ materially from those anticipated in this forward-looking information as a result of the risk factors set forth in the Company’s Annual Information Form (“AIF”) dated March 5, 2025 available on SEDAR at www.sedarplus.ca, including, but not limited to: weakness in the oil and gas industry; exploration, development and production risks; prices, markets and marketing; market conditions; trade relations and tariffs; climate change and carbon pricing risk; statutes and regulations regarding the environment including deceptive marketing provisions; regulatory environment and changes in applicable law; gathering and processing facilities, pipeline systems and rail; reputation and public perception of the oil and gas sector; environment, social and governance goals; political uncertainty; state of capital markets; ability to finance capital requirements; access to capital and insurance; abandonment and reclamation costs; changing demand for oil and natural gas products; anticipated benefits of acquisitions and dispositions; royalty regimes; foreign exchange rates and interest rates; reserves; hedging; operational dependence; operating costs; project risks; supply chain disruption; financial assurances; diluent supply; third party credit risk; indigenous claims; reliance on key personnel and operators; income tax; cybersecurity; advanced technologies; hydraulic fracturing; liability management; seasonality and weather conditions; unexpected events; internal controls; limitations and insurance; litigation; natural gas overlying bitumen resources; competition; chain of title and expiration of licenses and leases; breaches of confidentiality; new industry related activities or new geographical areas; water use restrictions and/or limited access to water; relationship with Duvernay Energy Corporation; management estimates and assumptions; third-party claims; conflicts of interest; inflation and cost management; credit ratings; growth management; impact of pandemics; ability of investors resident in the United States to enforce civil remedies in Canada; and risks related to our debt and securities. All subsequent forward-looking information, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.

    Also included in this News Release are estimates of Athabasca’s 2025 outlook which are based on the various assumptions as to production levels, commodity prices, currency exchange rates and other assumptions disclosed in this News Release. To the extent any such estimate constitutes a financial outlook, it was approved by management and the Board of Directors of Athabasca and is included to provide readers with an understanding of the Company’s outlook. Management does not have firm commitments for all of the costs, expenditures, prices or other financial assumptions used to prepare the financial outlook or assurance that such operating results will be achieved and, accordingly, the complete financial effects of all of those costs, expenditures, prices and operating results are not objectively determinable. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The outlook and forward-looking information contained in this New Release was made as of the date of this News release and the Company disclaims any intention or obligations to update or revise such outlook and/or forward-looking information, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law.

    Oil and Gas Information

    “BOEs” may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

    Initial Production Rates 

    Test Results and Initial Production Rates: The well test results and initial production rates provided herein should be considered to be preliminary, except as otherwise indicated. Test results and initial production rates disclosed herein may not necessarily be indicative of long-term performance or of ultimate recovery.

    Reserves Information

    The McDaniel Report was prepared using the assumptions and methodology guidelines outlined in the COGE Handbook and in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, effective December 31, 2024. There are numerous uncertainties inherent in estimating quantities of bitumen, light crude oil and medium crude oil, tight oil, conventional natural gas, shale gas and natural gas liquids reserves and the future cash flows attributed to such reserves. The reserve and associated cash flow information set forth above are estimates only. In general, estimates of economically recoverable reserves and the future net cash flows therefrom are based upon a number of variable factors and assumptions, such as historical production from the properties, production rates, ultimate reserve recovery, timing and amount of capital expenditures, marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially. For those reasons, estimates of the economically recoverable reserves attributable to any particular group of properties, classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers, or by the same engineers at different times, may vary. The Company’s actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. Reserves figures described herein have been rounded to the nearest MMbbl or MMboe. For additional information regarding the consolidated reserves and information concerning the resources of the Company as evaluated by McDaniel in the McDaniel Report, please refer to the Company’s AIF.

    Reserve Values (i.e. Net Asset Value) is calculated using the estimated net present value of all future net revenue from our reserves, before income taxes discounted at 10%, as estimated by McDaniel effective December 31, 2024 and based on average pricing of McDaniel, Sproule and GLJ as of January 1, 2025.

    The 444 gross Duvernay drilling locations referenced include: 87 proved undeveloped locations and 85 probable undeveloped locations for a total of 172 booked locations with the balance being unbooked locations. Proved undeveloped locations and probable undeveloped locations are booked and derived from the Company’s most recent independent reserves evaluation as prepared by McDaniel as of December 31, 2024 and account for drilling locations that have associated proved and/or probable reserves, as applicable. Unbooked locations are internal management estimates. Unbooked locations do not have attributed reserves or resources (including contingent or prospective). Unbooked locations have been identified by management as an estimation of Athabasca’s multi-year drilling activities expected to occur over the next two decades based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations on which the Company will actually drill wells, including the number and timing thereof is ultimately dependent upon the availability of funding, commodity prices, provincial fiscal and royalty policies, costs, actual drilling results, additional reservoir information that is obtained and other factors.

    Non-GAAP and Other Financial Measures, and Production Disclosure

    The “Corporate Consolidated Adjusted Funds Flow”, “Corporate Consolidated Adjusted Funds Flow per Share”, “Athabasca (Thermal Oil) Adjusted Funds Flow”, “Duvernay Energy Adjusted Funds Flow”, “Corporate Consolidated Free Cash Flow”, “Athabasca (Thermal Oil) Free Cash Flow”, “Duvernay Energy Free Cash Flow”, “Corporate Consolidated Operating Income”, “Corporate Consolidated Operating Income Net of Realized Hedging”, “Athabasca (Thermal Oil) Operating Income”, “Duvernay Energy Operating Income”, “Corporate Consolidated Operating Netback”, “Corporate Consolidated Operating Netback Net of Realized Hedging”, “Athabasca (Thermal Oil) Operating Netback”, “Duvernay Energy Operating Netback” and “Cash Transportation and Marketing Expense” financial measures contained in this News Release do not have standardized meanings which are prescribed by IFRS and they are considered to be non-GAAP financial measures or ratios. These measures may not be comparable to similar measures presented by other issuers and should not be considered in isolation with measures that are prepared in accordance with IFRS. Net Cash and Liquidity are supplementary financial measures. The Leismer and Hangingstone operating results are supplementary financial measures that when aggregated, combine to the Athabasca (Thermal Oil) segment results.

    Adjusted Funds Flow, Adjusted Funds Flow Per Share and Free Cash Flow

    Adjusted Funds Flow and Free Cash Flow are non-GAAP financial measures and are not intended to represent cash flow from operating activities, net earnings or other measures of financial performance calculated in accordance with IFRS. The Adjusted Funds Flow and Free Cash Flow measures allow management and others to evaluate the Company’s ability to fund its capital programs and meet its ongoing financial obligations using cash flow internally generated from ongoing operating related activities. Adjusted Funds Flow per share is a non-GAAP financial ratio calculated as Adjusted Funds Flow divided by the applicable number of weighted average shares outstanding. Adjusted Funds Flow and Free Cash Flow are calculated as follows:

      Three months ended
    December 31, 2024    		   Three months ended
    December 31, 2023    		  
    ($ Thousands) Athabasca
    (Thermal Oil)    		   Duvernay
    Energy    (1)    		   Corporate Consolidated(1)   Corporate
    Consolidated    		  
    Cash flow from operating activities $ 144,810     $ 13,867     $ 158,677     $ 103,196  
    Changes in non-cash working capital   (11,504 )     (3,675 )     (15,179 )     (21,973 )
    Settlement of provisions   92       147       239       607  
    ADJUSTED FUNDS FLOW   133,398       10,339       143,737       81,830  
    Capital expenditures   (74,268 )     (18,676 )     (92,944 )     (38,752 )
    FREE CASH FLOW $ 59,130     $ (8,337 )   $ 50,793     $ 43,078  

    (1)  Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.

      Year ended
    December 31, 2024    		   Year ended
    December 31, 2023    		  
    ($ Thousands) Athabasca
    (Thermal Oil)    		   Duvernay
    Energy    (1)    		   Corporate
    Consolidated    (1)    		   Corporate
    Consolidated    		  
    Cash flow from operating activities $ 511,828     $ 45,713     $ 557,541     $ 305,526  
    Changes in non-cash working capital   3,056       (1,541 )     1,515       525  
    Settlement of provisions   1,728       151       1,879       1,762  
    Long-term deposit   —       —       —       (12,577 )
    ADJUSTED FUNDS FLOW   516,612       44,323       560,935       295,236  
    Capital expenditures   (194,902 )     (73,140 )     (268,042 )     (139,832 )
    FREE CASH FLOW $ 321,710     $ (28,817 )   $ 292,893     $ 155,404  

    (1)  Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.

    Duvernay Energy Operating Income and Operating Netback

    The non-GAAP measure Duvernay Energy Operating Income in this News Release is calculated by subtracting the Duvernay Energy royalties, operating expenses and transportation & marketing expenses from petroleum and natural gas sales which is the most directly comparable GAAP measure. The Duvernay Energy Operating Netback per boe is a non-GAAP financial ratio calculated by dividing the Duvernay Energy Operating Income by the Duvernay Energy production. The Duvernay Energy Operating Income and the Duvernay Energy Operating Netback measures allow management and others to evaluate the production results from the Company’s Duvernay Energy assets.

    The Duvernay Energy Operating Income is calculated using the Duvernay Energy Segments GAAP results, as follows:

      Three months ended
    December 31,    		     Year ended
    December 31,    		  
    ($ Thousands, unless otherwise noted) 2024     2023     2024     2023  
    Petroleum and natural gas sales $ 20,179     $ 12,659     $ 83,194     $ 91,062  
    Royalties   (2,753 )     (2,180 )     (11,035 )     (12,583 )
    Operating expenses   (4,729 )     (5,009 )     (17,116 )     (24,997 )
    Transportation and marketing   (921 )     (709 )     (4,034 )     (7,191 )
    DUVERNAY ENERGY OPERATING INCOME $ 11,776     $ 4,761     $ 51,009     $ 46,291  

    Athabasca (Thermal Oil) Operating Income and Operating Netback

    The non-GAAP measure Athabasca (Thermal Oil) Operating Income in this News Release is calculated by subtracting the Athabasca (Thermal Oil) segments cost of diluent blending, royalties, operating expenses and cash transportation & marketing expenses from heavy oil (blended bitumen) and midstream sales which is the most directly comparable GAAP measure. The Athabasca (Thermal Oil) Operating Netback per bbl is a non-GAAP financial ratio calculated by dividing the respective projects Operating Income by its respective bitumen sales volumes. The Athabasca (Thermal Oil) Operating Income and the Athabasca (Thermal Oil) Operating Netback measures allow management and others to evaluate the production results from the Athabasca (Thermal Oil) assets. The Athabasca (Thermal Oil) Operating Income is calculated using the Athabasca (Thermal Oil) Segments GAAP results, as follows:

      Three months ended
    December 31,    		     Year ended
    December 31,    		  
    ($ Thousands, unless otherwise noted) 2024     2023     2024     2023  
    Heavy oil (blended bitumen) and midstream sales $ 346,716     $ 309,078     $ 1,419,670     $ 1,204,245  
    Cost of diluent   (137,817 )     (137,438 )     (549,808 )     (518,219 )
    Total bitumen and midstream sales   208,899       171,640       869,862       686,026  
    Royalties   (12,413 )     (15,695 )     (75,064 )     (60,865 )
    Operating expenses – non-energy   (20,699 )     (23,767 )     (93,144 )     (87,116 )
    Operating expenses – energy   (11,526 )     (17,651 )     (49,713 )     (81,769 )
    Transportation and marketing(1)   (21,015 )     (22,328 )     (82,858 )     (85,544 )
    ATHABASCA (THERMAL OIL) OPERATING INCOME $ 143,246     $ 92,199     $ 569,083     $ 370,732  

    (1)   Transportation and marketing excludes non-cash costs of $0.6 million and $2.2 million for the three months and year ended December 31, 2024 (three months and year ended December 31, 2023 – $0.6 million and $2.2 million).

    Corporate Consolidated Operating Income and Corporate Consolidated Operating Income Net of Realized Hedging and Operating Netbacks

    The non-GAAP measures of Corporate Consolidated Operating Income including or excluding realized hedging in this News Release are calculated by adding or subtracting realized gains (losses) on commodity risk management contracts (as applicable), royalties, the cost of diluent blending, operating expenses and cash transportation & marketing expenses from petroleum, natural gas and midstream sales which is the most directly comparable GAAP measure. The Corporate Consolidated Operating Netbacks including or excluding realized hedging per boe are non-GAAP ratios calculated by dividing Corporate Consolidated Operating Income including or excluding hedging by the total sales volumes and are presented on a per boe basis. The Corporate Consolidated Operating Income and Corporate Consolidated Operating Netbacks including or excluding realized hedging measures allow management and others to evaluate the production results from the Company’s Duvernay Energy and Athabasca (Thermal Oil) assets combined together including the impact of realized commodity risk management gains or losses (as applicable).

      Three months ended
    December 31,    		     Year ended
    December 31,    		  
    ($ Thousands, unless otherwise noted) 2024     2023     2024     2023  
    Petroleum, natural gas and midstream sales(1) $ 366,895     $ 321,737     $ 1,502,864     $ 1,295,307  
    Royalties   (15,166 )     (17,875 )     (86,099 )     (73,448 )
    Cost of diluent(1)   (137,817 )     (137,438 )     (549,808 )     (518,219 )
    Operating expenses   (36,954 )     (46,427 )     (159,973 )     (193,882 )
    Transportation and marketing(2)   (21,936 )     (23,037 )     (86,892 )     (92,735 )
    Operating Income   155,022       96,960       620,092       417,023  
    Realized loss on commodity risk mgmt. contracts   (1,903 )     (5,517 )     (6,462 )     (35,935 )
    OPERATING INCOME NET OF REALIZED HEDGING $ 153,119     $ 91,443     $ 613,630     $ 381,088  

    (1)   Non-GAAP measure includes intercompany NGLs (i.e. condensate) sold by the Duvernay Energy segment to the Athabasca (Thermal Oil) segment for use as diluent that is eliminated on consolidation.
    (2)   Transportation and marketing excludes non-cash costs of $0.6 million and $2.2 million for the three months and year ended December 31, 2024 (three months and year ended December 31, 2023 – $0.6 million and $2.2 million).

    Cash Transportation and Marketing Expense

    The Cash Transportation and Marketing Expense financial measures contained in this News Release are calculated by subtracting the non-cash transportation and marketing expense as reported in the Consolidated Statement of Cash Flows from the transportation and marketing expense as reported in the Consolidated Statement of Income (Loss) and are considered to be non-GAAP financial measures.

    Net Cash

    Net Cash is defined as the face value of term debt, plus accounts payable and accrued liabilities, plus current portion of provisions and other liabilities plus income tax payable less current assets, excluding risk management contracts.

    Liquidity

    Liquidity is defined as cash and cash equivalents plus available credit capacity.

    Production volumes details

        Three months ended
    December 31,    		     Year ended
    December 31,    		  
    Production   2024     2023     2024     2023  
    Duvernay Energy:                        
    Oil(1) bbl/d   2,103       1,208       2,202       1,396  
    Condensate NGLs bbl/d   —       —       —       528  
    Oil and condensate NGLs bbl/d   2,103       1,208       2,202       1,924  
    Other NGLs bbl/d   422       258       329       525  
    Natural gas(2) mcf/d   5,172       3,612       4,677       10,769  
    Total Duvernay Energy boe/d   3,387       2,068       3,310       4,244  
    Total Thermal Oil bitumen bbl/d   33,849       31,059       33,505       30,246  
    Total Company production boe/d   37,236       33,127       36,815       34,490  

    (1)   Comprised of 99% or greater of tight oil, with the remaining being light and medium crude oil.
    (2)   Comprised of 99% or greater of shale gas, with the remaining being conventional natural gas.

    This News Release also makes reference to Athabasca’s forecasted average daily Thermal Oil production of 33,500 ‐ 35,500 bbl/d for 2025. Athabasca expects that 100% of that production will be comprised of bitumen. Duvernay Energy’s forecasted total average daily production of ~4,000 boe/d for 2025 is expected to be comprised of approximately 68% tight oil, 23% shale gas and 9% NGLs.

    Liquids is defined as bitumen, light crude oil, medium crude oil and natural gas liquids.

    Reserve Life Index is calculated as year-end reserves divided by Q4 2024 production.

    Break Even is an operating metric that calculates the US$WTI oil price required to fund operating costs (Operating Break-even), sustaining capital (Sustaining Break-even), or growth capital (Total Capital) within Adjusted Funds Flow.

    The MIL Network –

  • MIL-OSI: Prairie Provident Announces Closing of Final Tranche of Equity Financing and Basal Quartz Operational Update

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company“) (TSX:PPR) is pleased to announce the closing of the second and final tranche of its previously announced equity financing, for additional gross proceeds of $3.87 million. Together with the $4.8 million of gross proceeds from the first tranche closing completed on February 19, 2025, the Company raised $8.67 million in aggregate gross proceeds from the financing, through the issuance of, in aggregate:

    (i)   86,267,672 units (“Units“) at a price of $0.0425 per Unit, for gross proceeds of $3,666,376, in an offering made pursuant to the ‘listed issuer financing exemption’ (LIFE) under applicable Canadian securities laws (the “LIFE Offering“), with each Unit consisting of one common share (“Common Share“) and one Common Share purchase warrant (“Warrant“), and each Warrant exercisable for one Common Share at price of $0.05 per share until March 5, 2028; and
         
    (ii)   117,647,059 Common Shares at a price of $0.0425 per Common Share, for gross proceeds of $5,000,000, in a private placement pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws (the “Private Placement” and, together with the LIFE Offering, the “Offerings“).
         

    The Offerings were led by Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents including Haywood Securities Inc. (collectively, the “Agents“).

    Prairie Provident intends to use the net proceeds from the Offerings to drill two additional Basal Quartz horizontal wells in the first quarter of 2025 and for working capital and general corporate purposes, including expenses related to the Offerings.

    The Common Shares issued under the Private Placement are subject to a restricted 4-month hold period under applicable Canadian securities laws, and cannot be traded before July 6, 2025 unless otherwise permitted under securities legislation. The Common Shares and Warrants comprising the Units sold under the LIFE Offering are not subject to the same hold period restriction.

    In connection with the Offerings, the Company paid to the Agents total cash compensation of $180,247 and issued to the Agents a total of 2,508,704 non-transferable broker warrants (the “Broker Warrants“). Each Broker Warrant entitles the holder thereof to acquire one Unit at a price of $0.0425 per Unit until March 5, 2028.

    Insider Participation

    The Company’s principal shareholder, PCEP Canadian Holdco, LLC (“PCEP“), and certain directors and officers of the Company, participated in the Offerings for a final aggregate investment of $7.32 million after converting USD-denominated commitments to Canadian dollars, of which $5.0 million was completed under the Private Placement (acquiring 117,647,029 Common Shares in total, for 100% of the Private Placement) and $2.32 million was completed under the LIFE Offering (acquiring 54,508,872 million Units in total, for 63.2% of the LIFE Offering) (collectively, the “Insider Participation“).

    Basal Quartz Operational Update

    The Company is pleased to announce rig release at the Basal Quartz horizontal well 100/14-32-29-18W4M on March 3, 2025. The drilling rig was moved to the Basal Quartz horizontal well 102/13-32-29-18W4M which was spud on March 4, 2025. Completion operations for both wells are expected to commence in the next two weeks.

    Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions

    The Insider Participation constitutes ‘related party transactions’ for the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), which are exempt from the formal valuation and minority approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(a) thereof on the basis that neither the fair market value of the subject matter of the transactions, nor the fair market value of the consideration for the transactions, insofar as they involve interested parties, exceeds 25% of the Company’s market capitalization as calculated for purposes of MI 61-101. Prairie Provident did not file a material change report 21 days before completion of the initial closing under the Offering completed on February 19, 2025, which was less than 21 days from commencement and it was commercially impracticable to delay the process.

    This news release does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of, any securities in the United States or to or for the account or benefit of U.S. persons or persons in the United States, or in any other jurisdiction in which, or to or for the account or benefit of any other person to whom, any such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons or persons in the United States except in compliance with, or pursuant to an available exemption from, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. “United States” and “U.S. person” have the meanings ascribed to them in Regulation S under the U.S. Securities Act.

    ABOUT PRAIRIE PROVIDENT

    Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta.

    For further information, please contact:

    Dale Miller, Executive Chairman
    Phone: (403) 292-8150
    Email:  info@ppr.ca

    Forward-Looking Information

    This news release contains certain statements (“forward-looking statements”) that constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future performance, events or circumstances, are based upon internal assumptions, plans, intentions, expectations and beliefs, and are subject to risks and uncertainties that may cause actual results or events to differ materially from those indicated or suggested therein. All statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements are typically, but not always, identified by words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “budget”, “forecast”, “target”, “estimate”, “propose”, “potential”, “project”, “seek”, “continue”, “may”, “will”, “should” or similar words suggesting future outcomes or events or statements regarding an outlook.

    Without limiting the foregoing, this news release contains forward-looking statements pertaining to: the intended use of proceeds from the Offerings; the intended number of Basal Quartz wells that are anticipated to be drilled by the Company in the first quarter of 2025 and the intended timing of drilling and completion of the Basal Quartz wells.

    Forward-looking statements are based on a number of material factors, expectations or assumptions of Prairie Provident which have been used to develop such statements, but which may prove to be incorrect. Although the Company believes that the expectations and assumptions reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements, which are inherently uncertain and depend upon the accuracy of such expectations and assumptions. Prairie Provident can give no assurance that the forward-looking statements contained herein will prove to be correct or that the expectations and assumptions upon which they are based will occur or be realized. Actual results or events will differ, and the differences may be material and adverse to the Company. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from drilling and development activities; consistency with past operations; the quality of the reservoirs in which Prairie Provident operates and continued performance from existing wells (including with respect to production profile, decline rate and product type mix); the continued and timely development of infrastructure in areas of new production; the accuracy of the estimates of Prairie Provident’s reserves volumes; future commodity prices; future operating and other costs; future USD/CAD exchange rates; future interest rates; continued availability of external financing and internally generated cash flow to fund Prairie Provident’s current and future plans and expenditures, with external financing on acceptable terms; the impact of competition; the general stability of the economic and political environment in which Prairie Provident operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of Prairie Provident to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects in which Prairie Provident has an interest in to operate the field in a safe, efficient and effective manner; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of pipeline, storage and facility construction and expansion and the ability of Prairie Provident to secure adequate product transportation; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Prairie Provident operates; and the ability of Prairie Provident to successfully market its oil and natural gas production.

    The forward-looking statements included in this news release are not guarantees of future performance or promises of future outcomes and should not be relied upon. Such statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward- looking statements including, without limitation: reduced access to external debt financing; higher interest costs or other restrictive terms of debt financing; changes in realized commodity prices; changes in the demand for or supply of Prairie Provident’s products; the early stage of development of some of the evaluated areas and zones; the potential for variation in the quality of the geologic formations targeted by Prairie Provident’s operations; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; the imposition of any tariffs or other restrictive trade measures or countermeasures affecting trade between Canada and the United States; changes in development plans of Prairie Provident or by third party operators; increased debt levels or debt service requirements; inaccurate estimation of Prairie Provident’s oil and reserves volumes; limited, unfavourable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and such other risks as may be detailed from time-to-time in Prairie Provident’s public disclosure documents (including, without limitation, those risks identified in this news release and Prairie Provident’s current Annual Information Form dated April 1, 2024 as filed with Canadian securities regulators and available from the SEDAR+ website (www.sedarplus.ca) under Prairie Provident’s issuer profile).

    The forward-looking statements contained in this news release speak only as of the date of this news release, and Prairie Provident assumes no obligation to publicly update or revise them to reflect new events or circumstances, or otherwise, except as may be required pursuant to applicable laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI Economics: [World Sleep Day] Recovering From Daylight Saving Time May Take More Than Three Weeks, Youngest Hit Hardest

    Source: Samsung

    Do you find yourself feeling more tired once the clocks spring forward for Daylight Saving Time (DST)? Well, you’re not alone. Although losing an hour the night of DST may seem insignificant, examining the sleep patterns of global Samsung Health users1 from the US, Canada and more than 40 European countries reveals a ripple effect that causes weeks-long disruptions to sleep patterns, hitting younger age groups the hardest.
     
     
    DST Takes a Toll on Sleep, With Younger Generations Most Disrupted
    When looking into how much of an impact DST has on people the morning after, one thing is clear, everyone’s sleep patterns are thrown off. In fact, people spent a little too much time counting sheep the night of the time change, falling asleep 33 minutes later than the previous night, waking up 19 minutes earlier. While losing sleep isn’t easy at any age, those in their 20s likely felt it the most thanks to an extremely late bedtime and a seeming inability to sleep in.
     

     
    Moreover, Sleep Score — calculated based on an evaluation of a users’ total sleep time, awake time, sleep cycle, plus physical and mental recovery — was at the worst level for weeks after DST — and again, people in their 20s appeared to be most affected. When examining in the seven-day Sleep Score average, the 20s age group demonstrated the slowest score recovery rate, while older age groups adapted much quicker. By the third week, Sleep Score for all age groups were still not stable as normal, showing fluctuations in the quality of a good night’s rest.
     

     
     
    Useful Tips To Help You Get a Good Night’s Sleep and a Quicker Recovery
    The transition into DST clearly affects the sleep patterns of all age groups long after the clocks change, but for younger generations, prioritizing sleep management during this time couldn’t be more important. In recognition of World Sleep Day, Samsung is sharing useful tips that make understanding your sleep patterns and habits as seamless and effortless as possible for a better night’s rest.
     
    Creating an ideal sleep environment is critical to a good night’s sleep. Later this month, Samsung Health app update2 will make this possible by providing guidance and analysis on the key factors that influence sleep quality, including temperature, humidity, CO2 and illuminance via a Sleep Environment Report3 — leveraging SmartThings and the power of Samsung’s extensive device ecosystem. With a better understanding of how your environment affects sleep, easily optimize your room conditions for an improved night’s rest.
    In addition to perfecting your sleep environment, understanding how activity can impact energy level is key. Samsung Health app updates also bring enhancements to Energy Score,4 which provides an indicator of how much energy users can expend throughout the day. In addition to sleep and heart rate, a new detailed factor about activity — Activity Consistency — will help you understand your overall condition in greater detail by evaluating your activity levels over the past four weeks.
    It’s also important to understand how you’re sleeping and make necessary adjustments through sleep training. Sleep Coaching makes this simple by seamlessly tracking your sleep patterns over 7 days and assigning a sleep animal based on the results. With a personalized coaching program, develop healthy habits and routines that set you on a positive path to achieving your sleep goals.

     
    World Sleep Day serves as an important reminder of the importance of sleep. With the latest Samsung Health app updates and the Galaxy ecosystem, Samsung remains committed to helping users optimize their sleep and lead healthier, more balanced life.
     
     
    1 Findings analyzed sleep data of Samsung Health users via Galaxy Watch series during DST in the spring of 2024.2 Certain features may vary by market, carrier or paired device.3 Sleep Environment Report feature will be available on smartphone with One UI 7 and Samsung Health app version 6.29.5 or higher, and when device is connected to SmartThings.4 Galaxy AI features track data and require compatible Samsung Galaxy phone, Samsung Health app and Samsung account.

    MIL OSI Economics –

  • MIL-OSI China: Britain to require electronic travel authorization for European visitors

    Source: China State Council Information Office

    The British government announced on Wednesday that European visitors will need to apply for an Electronic Travel Authorization (ETA) starting April 2, as part of the final phase of a global rollout aimed at enhancing border security and streamlining entry processes.

    According to the Home Office, eligible people can apply for the ETA – a digital travel permit linked to their passports – starting on Wednesday. This replaces traditional visa requirements for short-term visits.

    The policy follows the system’s implementation for non-European travelers, including those from the United States, Canada, and Australia. To date, more than 1.1 million ETAs have been issued globally.

    “Expanding the ETA worldwide underscores our commitment to a secure, contactless border system while ensuring a seamless travel experience,” Minister for Migration and Citizenship Seema Malhotra said. She added that the digital approach strengthens immigration controls and aligns with Britain’s broader strategy to innovate through technology.

    Applicants can obtain an ETA via the British government’s official website or mobile application by submitting biometric and biographic details, along with responses to eligibility questions. The government is working with airlines, ferry operators, and rail carriers to ensure smooth compliance with the new requirements, the Home Office said in a statement. 

    MIL OSI China News –

  • MIL-OSI China: Trump grants one-month exemption to big three automakers from Mexico, Canada tariffs: White House

    Source: China State Council Information Office

    The White House said on Wednesday that U.S. President Donald Trump is granting a one-month exemption to three major automakers from the newly imposed 25-percent tariffs on Mexico and Canada.

    “We spoke with the big three auto dealers (makers), we are going to give a one-month exemption on any autos coming through USMCA. Reciprocal tariffs will still go into effect on April 2,” White House Press Secretary Karoline Leavitt told reporters at a press briefing.

    Levitt said Trump has spoken with three companies — Ford, General Motors, and Stellantis — and they made this request. The president agreed to grant them a one-month tariff exemption.

    Bloomberg News reported earlier Wednesday that Trump is exempting automakers from newly imposed tariffs on Mexico and Canada for one month, “as a temporary reprieve following pleas from industry leaders.”

    The United States-Mexico-Canada Agreement (USMCA) is a trade agreement negotiated, signed, and ultimately enacted during Trump’s first term, aimed at replacing the former North American Free Trade Agreement (NAFTA).

    Under the USMCA, auto parts procurement must meet specific rules to qualify for duty-free treatment. These rules are designed to encourage regional production and sourcing within North America. For passenger vehicles and light trucks, at least 75 percent of the vehicle’s value must originate in North America, while the minimum requirement for heavy trucks is 70 percent.

    On Feb. 1, Trump signed an executive order imposing a 25-percent tariff on products imported from Mexico and Canada, with a 10 percent tariff increase on Canadian energy products. On Feb. 3, Trump announced a 30-day delay in implementing the tariffs on both countries and continued negotiations. According to this decision, the relevant tariff measures took effect on March 4.

    Trump on Tuesday night defended his tariff strategy when delivering an address to a joint session of Congress, but acknowledged that such policies will cause “a little disturbance.”

    Nevertheless, economists and observers have expressed deep concerns about the potential impact of tariffs on the U.S. economy.

    The Tax Foundation estimated that, without considering retaliatory measures, Trump’s 25 percent tariffs on Canada and Mexico, which went into effect Tuesday, will reduce long-term GDP by 0.2 percent, reduce hours worked by 223,000 full-time equivalent jobs, and reduce after-tax incomes by an average of 0.6 percent. 

    MIL OSI China News –

  • MIL-OSI China: Canadian, US leaders talk trade, fentanyl in first call since tariffs launched

    Source: China State Council Information Office

    Canadian Prime Minister Justin Trudeau made a call with U.S. President Donald Trump on Wednesday, discussing trade and fentanyl, local media reported.

    It’s the first time the two have spoken since Trump launched a trade war on Tuesday.

    The call lasted 50 minutes about “trade and fentanyl”, CBC News reported.

    More discussions between the two leaders’ teams are expected throughout the afternoon, according to the report.

    Trump decided to give a one-month exemption on any autos coming through USMCA, the trilateral trade deal that Trump signed in his first term, known in Canada as CUSMA, the report said.

    It wasn’t immediately clear what Trump’s supposed exemption means for Canadian auto exports to the United States, but it seems like that form of cross-border trade will be able to go on as before, CBC News reported. 

    MIL OSI China News –

  • MIL-OSI USA: Duckworth Reacts to Trump’s Plan to Fire More Than 80,000 VA Employees Which Would Further Jeopardize Veterans’ Access to Care

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    March 05, 2025

    [WASHINGTON, D.C.] – Today, combat Veteran and U.S. Senator Tammy Duckworth (D-IL)—a member of the Senate Veterans’ Affairs Committee (SVAC)—issued the following statement in response to reporting on an internal memo from senior Trump Administration officials at the Department of Veterans Affairs (VA) detailing their plans to fire more than 80,000 VA employees this year, after the VA already fired over 2,400 VA employees last month:

    “Since the bipartisan PACT Act overhauled our VA to better care for our nation’s heroes, the VA has approved over one million claims from Veterans suffering from toxic-exposure—helping more Veterans than ever receive the care they’ve earned. And yet, by planning to fire more than 80,000 VA employees, Donald Trump is dooming not only our VA’s ability to handle the influx of claims, but also brave Veterans who will wait even longer to get the quality care they need. Let’s call this what it is: Republicans’ plan to dismantle the VA so they can justify privatizing the Department.

    “Trump’s all-out assault on the VA is a complete betrayal of our Veterans and has absolutely nothing to do with making our government more efficient. No, Trump and Elon Musk are kicking tens of thousands of devoted public servants to the curb—many of whom are Veterans themselves—in order to carve out tax cuts for billionaires. And it is our Veterans who will pay the price.”

    In the wake of Trump and Elon Musk’s mass federal layoffs, Duckworth has repeatedly expressed her outrage that many Veterans have been left jobless. After the first VA purge laid off workers with the Veterans Crisis Line—including several Veterans—Duckworth successfully pushed the Trump Administration to reinstate these devoted public servants that work to support our Veterans in their darkest moments.

    Additionally, at an emergency national town hall hosted by VoteVets, Duckworth called out Trump and Musk for inflicting needless pain and chaos on our nation’s Veterans. During the town hall, Veterans who have been fired by Musk’s DOGE bravely came forward to share how Trump’s cuts and layoffs have uprooted their lives.

    Additionally, Duckworth joined U.S. Senator and SVAC Ranking Member Richard Blumenthal (D-CT) and a group of 34 Democratic Senators calling on VA Secretary Collins to immediately reinstate the more than 1,000 VA employees terminated last month who serve Veterans and their families nationwide.

    If you are a VA employee or Veteran impacted by Trump and Musk’s mass layoffs, please reach out to the Senate Veteran Affairs Committee by filling out this form.

    -30-

    MIL OSI USA News –

  • MIL-OSI Canada: Ratification vote upcoming on K’ómoks Treaty, Constitution

    Source: Government of Canada regional news

    Eligible voters are voting whether to ratify the K’ómoks Treaty and Constitution on Saturday, March 8, 2025.

    In July 2024, the chief negotiators from all three parties — K’ómoks First Nation (K’ómoks), the Government of Canada (Canada) and the Government of British Columbia (B.C.) — initialed the K’ómoks Treaty. This milestone in the treaty negotiations process signalled the conclusion of substantive negotiations subject to certain caveats, such as ongoing legal and technical review, and consultation with neighbouring First Nations. The legal and technical review of the treaty concluded in November 2024, resulting in the ratification version of the K’ómoks Treaty.

    Ratification follows initialling of the treaty and is the approval process that treaties must go through before they can come into effect. The first step in this process is the K’ómoks ratification vote. To ratify, the treaty and constitution require a double majority vote outcome by K’ómoks eligible voters. This means more than 50% of eligible voters on the voters list cast a ballot, and more than 50% of those voters cast a ballot in favour of the treaty and constitution.

    Should eligible voters vote in favour of ratifying the K’ómoks Treaty and Constitution, B.C. and Canada will undergo their own respective ratification approval processes. This includes introducing provincial, then federal treaty implementation legislation to bring the K’ómoks Treaty into law. If ratified by all three parties, the treaty is anticipated to have an effective date in 2028.

    K’ómoks entered treaty negotiations in the early 1990s. Working closely with the BC Treaty Commission, an independent facilitator of the made-in-B.C. treaty negotiations framework, negotiators for K’ómoks, Canada and B.C. reached an agreement-in-principle (AIP) in 2012. The AIP established agreement on the substantive elements to be detailed in the completed treaty.

    In the years since, K’ómoks, B.C. and Canada have engaged with all levels of government, industry, interest holders and people in the region about various elements of the proposed treaty. K’ómoks has worked closely with its local government partners to invest in shared services and regional economic development. B.C. and Canada are also continuing Crown consultation with neighbouring and overlapping First Nations.

    Engagement has provided opportunities for people to share their needs and shape treaty provisions. As a result, the ratification version of the K’ómoks Treaty reflects work together on shared regional priorities established in the 2012 AIP.

    If ratified, the proposed treaty would:

    • ensure Aboriginal rights are recognized, and not extinguished, for K’ómoks, and describe the parties’ agreement on the exercise of rights;
    • clarify that the treaty does not infringe or extinguish the rights of neighbouring First Nations;
    • lay out negotiated approaches to self-governance and confirm land parcels to be owned and governed by K’ómoks;
    • address existing interests and tenures on proposed treaty lands (interest holders have been engaged on the proposed approach to their tenure or interest); and
    • formalize consultation and opportunities for co-management of resources within the First Nations’ traditional territory.

    Once the ratification vote is complete, there will be further opportunities for regional and public engagement, as well as ongoing consultation with neighbouring First Nations.

    Learn More:

    More information, including the ratification version of the K’ómoks Treaty, is available here: https://engage.gov.bc.ca/govtogetherbc/engagement/komoks-treaty

    Treaty and enrolment information for eligible voters is available here: https://komoks.ca/treaty/

    MIL OSI Canada News –

  • MIL-OSI Australia: NSW Women of the Year 2025 award recipients honoured

    Source: New South Wales Government 2

    Headline: NSW Women of the Year 2025 award recipients honoured

    The NSW Women of the Year Awards are the centrepiece of NSW Women’s Week, which runs from Sunday 2 March and concludes on International Women’s Day on Saturday 8 March.

    The five 2025 Award recipients are:

    Dr Jessica Luyue Teoh (Hornsby), NSW Young Woman of the Year

    Dr Jessica Luyue Teoh is a domestic violence advocate and 2023 Churchill Fellow – one of only two women under 30 in Australia to receive this honour.

    Sandy Rogers (Tweed), NSW Community Hero

    Sandy Rogers has dedicated 40 years to improving the lives of children with intellectual and physical disability and their families.

    Dr Vanessa Pirotta (Canada Bay), Premier’s NSW Woman of Excellence

    Dr Vanessa Pirotta is a wildlife scientist renowned for her impact on marine conservation and science communication.

    Kirsty Evans (Orange), NSW Regional Woman of the Year

    Kirsty Evans has led efforts to provide pro bono legal advice to the community of Molong, affected by severe flooding in 2022.

    Marjorie Anderson (Georges River), NSW Aboriginal Woman of the Year

    Marjorie Anderson is a dedicated leader who has been pivotal in the success of 13YARN – the first national crisis support service for Aboriginal & Torres Strait Islander people in crisis, since its inception.

    The Ones to Watch (girls aged 7-15 years)

    • Aish Khurram (The Hills Shire)
    • Ashleen Khela (The Hills Shire)
    • Aurora Iler (Campbelltown)
    • Chloe Croker (Goulburn Mulwaree)
    • Emilia Trustum (Richmond Valley)
    • Hayley Paterson (Hornsby)
    • Jiayi Fang (Ku-ring-gai)
    • Kat Mulcair (Yass Valley)
    • Lydia Tofaeono (Strathfield)
    • Waniya Syed (Camden)

    This year, a special In Memoriam was added to the Awards ceremony for Maddy Suy, a vibrant girl whose love for life inspired many. Diagnosed with a brain tumour at age six, Maddy faced the challenge with bravery and positivity. Maddy advocated for those who could not. She wanted to leave a legacy and to inspire others to contribute through the Maddy & Co hubs.

    Local Woman of the Year 2025 recipients, who were nominated by their local MP also attended the Awards ceremony today and received certificates for exemplary service to their communities. The Local Woman Honour Roll will be published on the Women of the Year Awards webpage.

    The NSW Women of the Year Awards have been running since 2012, recognising and celebrating the New South Wales’s revolutionary thinkers, everyday heroes, social advocates and innovative role models.

    More details about the NSW Women of the Year Awards program and recorded livestream of 2025 ceremony are available on the Women of the Year Awards webpage.

    Premier Chris Minns said:

    “I’m delighted to congratulate NSW’s most remarkable women and girls, for breaking barriers and achieving the highest success in their respective fields.”

    “You are the future of NSW, inspiring everyone right across the state with your dedication, passion and lasting impacts in the community.”

    Minister for Women Jodie Harrison said:

    “Congratulations to the recipients of the NSW Women of the Year Awards. You are truly deserving of the recognition you received today. The New South Wales Government is proud to celebrate your incredible success and highlight your role in inspiring other women and girls across the state.

    “You can’t be what you can’t see, and you all are paving the way forward for women and girls with your strength, resilience and achievements.

    “The program also recognises women at the core of communities and families, with our Local Women of the Year recognition.

    “I also look forward to following the journeys of our incredible young recipients. You are all already hitting goals and making waves in your communities, so I’m sure you have bright futures ahead.”

    NSW Young Woman of the Year 2025 recipient Jessica Teoh said:

    “To stand alongside such a diverse and passionate group of women, each making impactful contributions to their communities and fields, is truly inspiring. This recognition highlights the collective strength of women driving change, and I am grateful to be part of this incredible journey.”

    NSW Community Hero 2025 recipient Sandy Rogers said:

    “I have been fortunate enough to be given great opportunities to help many in our community. Being able to support those needing a ‘little helping hand’ when times and money are tough, make me feel good and I know it means a lot to those we support.”

    Premier’s NSW Woman of Excellence 2025 recipient Dr Vanessa Pirotta said:

    “This recognition is so powerful and means a lot to me as an early career researcher in science and as a mum. So much of my work is intergenerational and community based, which enables me to ask questions to help equip future generations with important information now about our marine environment. This recognition will help make waves – pardon the pun – across the state to encourage communities to connect with the sea, regardless of whether they live in Bondi, Forbes or where I grew up in Murrumbateman.”

    NSW Regional Woman of the Year 2025 recipient Kirsty Evans said:

    “It’s a privilege to be acknowledged among such inspiring women who are making a meaningful impact across our state. This recognition is not just a personal milestone but also a reflection of the incredible support I’ve received from my community, my colleagues and family.”

    NSW Aboriginal Woman of the Year 2025 recipient, Marjorie Anderson said:

    “I am passionate about having healthy, sustainable and safe Aboriginal communities. This award reflects my important work in the community and delivery of a world first national crisis line for Indigenous people. Women need to be recognised for the outstanding work they do and supported to continue to achieve greatness.”

    MIL OSI News –