NewzIntel.com

Category: Energy

  • MIL-OSI USA: 04.15.2025 WTAS: Sen. Cruz Leads the Fight for Cryptocurrency

    US Senate News:

    Source: United States Senator for Texas Ted Cruz
    WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) continues to make news for his leadership in the cryptocurrency space. Last week, President Trump signed his resolution into law overturning a Biden-era rule that would have undermined American leadership in cryptocurrency. Significantly, this is also the first cryptocurrency bill to ever be signed into law.
    Read more about Senator Cruz’s leadership and accomplishments for Bitcoin and cryptocurrency below.
    THE DALLAS EXPRESS: Cruz Control: Celebrating Cryptocurrency Win After Trump Signs New Law
    “Senator Ted Cruz declared a win for the cryptocurrency community when President Donald Trump signed his Congressional Review Act into law.
    Cruz has emerged as one of crypto’s most vocal advocates in the Senate. The senator has introduced a series of bills aimed at boosting the industry, and fending off what he views as federal overreach into digital financial systems.”
    CRYPTO IN AMERICA: Trump Makes History Signing First Crypto Bill into Law
    “The bill, introduced under the Congressional Review Act by Republican Senator Ted Cruz (R-TX) to repeal the IRS’s so-called ‘DeFi broker rule,’ passed the Senate on March 26 with overwhelming bipartisan support in a 70–28 vote.
    ‘This rule would have undermined American leadership on cryptocurrency, and I am grateful to President Trump for signing my resolution into law,’ Cruz, who attended the signing ceremony Thursday afternoon, told Crypto In America. ‘The resolution is a victory for innovation, privacy, and economic freedom.’”
    INSIGHTS: The First U.S. Crypto Law is Now in Effect! Trump Has Eliminated DeFi Regulations!
    “The rules faced quick backlash. Critics argued they would hinder DeFi development. Republican Senator Ted Cruz pushed to repeal these rules, and now he has Trump’s support. Cruz attended the signing ceremony and stated, ‘This regulation will undermine America’s leadership in crypto. I thank President Trump for signing my resolution into law.’
    Cruz added, ‘We are protecting developers building the future of cryptocurrency. We clearly state that America will not cede digital leadership to China. We will preserve the ability for Americans to trade without government interference.’”
    DECRYPT: Ted Cruz Introduces FLARE Act to Repurpose Flared Gas for Bitcoin Mining
    “U.S. Senator Ted Cruz (R-TX) has introduced a new bill aiming to turn waste energy into electricity for Bitcoin mining.
    Cruz specifically pointed to crypto mining as a direct output of this extra energy. In a statement announcing the bill’s introduction, he said that it, ‘takes advantage of Texas’s vast energy potential, reinforces our position as the home of the Bitcoin industry, and is good for the environment.’”
    THE STREET ROUNDTABLE: Senator Ted Cruz proposes bill to power Bitcoin mining with wasted gas
    “With Bitcoin mining still at the center of the debate over cryptocurrency’s environmental footprint, U.S. Senator Ted Cruz has introduced legislation intended to change the narrative — and the power source.
    Cruz emphasized the bill’s environmental and economic angles in a statement released when it was announced…Cruz’s measure could be considered part of a larger political drive to keep crypto innovation — and energy consumption — inside U.S. limits with a climate-conscious touch to mining.”
    CRYPTO.NEWS: Ted Cruz introduces FLARE Act to incentivize Bitcoin mining with waste gas
    “United States Senator Ted Cruz has introduced a new bill that offers tax incentives for cryptocurrency miners using flared natural gas to power mining operations.
    By turning stranded gas into usable energy, Cruz and supporters argue the bill would not only cut emissions but also boost energy innovation and grid resilience, especially during periods of peak demand or extreme weather.”
    CRYPTOSLATE: Senator Ted Cruz introduces FLARE Act to repurpose flared gas for Bitcoin mining
    “Senator Ted Cruz introduced legislation on April 1 to repurpose flared gas and use it to generate ‘value-added products,’ like mining Bitcoin (BTC) and other digital assets.
    According to Cruz, the bill simultaneously addresses two challenges: reducing oil and gas industry emissions and encouraging energy use innovation.”
    BACKGROUND
    Sen. Cruz introduced the Facilitate Lower Atmospheric Released Emissions (FLARE) Act, incentivizing entrepreneurs and crypto miners to use natural gas that would otherwise be stranded.
    Sen. Cruz introduced the Anti-CBDC Surveillance State Act, legislation that prohibits the Federal Reserve from issuing a central bank digital currency (CBDC). This bill passed with an overwhelming bipartisan support.
    Sen. Cruz passed a joint resolution of disapproval overturning the IRS’s Gross Proceeds Reporting rule for brokers handling digital asset sales.
    Sen. Cruz authored the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution, also known as the ACCEPT Resolution.
    Sen. Cruz introduced an amendment to repeal a provision from the 2021 infrastructure package that created new reporting requirements for many cryptocurrency and blockchain companies in both the 117th and 118th Congresses.

    MIL OSI USA News –

  • MIL-OSI: PrimeEnergy Resources Corporation (PNRG) Announces Yearend Production and Financial Results

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) — The following table summarizes the primary components of production volumes and average sales prices realized for the years ended December 31, 2024 and 2023 (excluding realized gains and losses from derivatives). 

        Years ended December 31,     Increase /   Increase /  
        2024     2023     (Decrease)   (Decrease)  
    Barrels of Oil Produced     2,556,000         1,144,000         1,412,000       123.43   %
    Average Price Received   $ 75.80       $ 76.84       $ (1.04 )     (1.35 ) %
    Oil Revenue (In 000’s)   $ 193,737       $ 87,906       $ 105,831       120.39   %
    Mcf of Gas Sold     7,766,000         4,127,000         3,639,000       88.18   %
    Average Price Received   $ 0.43       $ 1.92       $ (1.49 )     (77.60 ) %
    Gas Revenue (In 000’s)   $ 3,309       $ 7,935       $ (4,626 )     (58.30 ) %
    Barrels of Natural Gas Liquids Sold     1,284,000         606,000         678,000       111.88   %
    Average Price Received   $ 20.25       $ 19.64       $ 0.61       3.11   %
    Natural Gas Liquids Revenue (In 000’s)   $ 25,996       $ 11,901       $ 14,095       118.44   %
    Total Oil & Gas Revenue (In 000’s)   $ 223,042       $ 107,742       $ 115,300       107.01   %

    Proved reserves at December 31, 2024, were 10,609 barrels of oil, 8,267 barrels of natural gas liquids, and 45,815 MMcf of natural gas.

      Year Ended December 31,
      2024   2023   Increase /
    (Decrease)
               
    Revenues (In 000’s) $ 237,796     $ 132,810     $ 104,986  
    Net Income (In 000’s) $ 55,404     $ 28,103     $ 27,301  
    Earnings per Common Share:          
    Basic $ 31.43     $ 15.19     $ 16.24  
    Diluted $ 21.95     $ 10.77     $ 11.18  
    Shares Used in Calculation of:          
    Basic EPS 1,762,644     1,849,780      
    Diluted EPS 2,523,581     2,608,786      
               

    PrimeEnergy is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 extension 6416.

    Forward-Looking Statements
    This Report contains forward-looking statements that are based on management’s current expectations, estimates and projections. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes”, “projects” and “estimates,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company’s oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company’s ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.

    The MIL Network –

  • MIL-OSI USA: Ensuring National Security and Economic Resilience Through Section 232 Actions on Processed Critical Minerals and Derivative Products

    US Senate News:

    Source: The White House
    By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862) (the “Act”), it is hereby ordered:
         Section 1.  Policy.  A strong national defense depends on a robust economy and price stability, a resilient manufacturing and defense industrial base, and secure domestic supply chains.  Critical minerals, including rare earth elements, in the form of processed minerals are essential raw materials and critical production inputs required for economic and national security.  Critical mineral oxides, oxalates, salts, and metals (processed critical minerals), as well as their derivative products — the manufactured goods incorporating them — are similarly foundational to United States national security and defense.
         But processed critical minerals and their derivative products face significant global supply chain vulnerabilities and market distortions due to reliance on a small number of foreign suppliers.  These vulnerabilities and distortions have led to significant United States import dependencies.  The dependence of the United States on imports and the vulnerability of our supply chains raises the potential for risks to national security, defense readiness, price stability, and economic prosperity and resilience.
         Processed critical minerals and their derivative products are essential for economic security and resilience because they underpin key industries, drive technological innovation, and support critical infrastructure vital for a modern American economy.  They are key building blocks of our manufacturing base and foundational to sectors ranging from transportation and energy to telecommunications and advanced manufacturing.  These economic sectors are, moreover, foundational to America’s national security.
         Processed critical minerals and their derivative products are essential for national security because they are foundational to military infrastructure, energy infrastructure, and advanced defense systems and technologies.  They are key building blocks of our defense industrial base and integral to applications such as jet engines, missile guidance systems, advanced computing, radar systems, advanced optics, and secure communications equipment.
         The United States manufacturing and defense industrial bases remain dependent on foreign sources for processed critical mineral products.  Many of these foreign sources are at risk of serious, sustained, and long-term supply chain shocks.  Should the United States lose access to processed critical minerals from foreign sources, the United States commercial and defense manufacturing base for derivative products could face significant shortages and an inability to meet demand. 
         Associated risks arise from a variety of factors.  First, global supply chains are prone to disruption from geopolitical tensions, wars, natural disasters, pandemics, and trade conflicts.
         Second, major global foreign producers of processed critical minerals have engaged in widespread price manipulation, overcapacity, arbitrary export restrictions, and the exploitation of their supply chain dominance to distort world markets and thereby gain geopolitical and economic leverage over the United States and other competitors that depend on processed critical minerals to manufacture derivative products essential to their economic and national security and national defense. Therefore, the import dependence of the United States on processed critical minerals from foreign sources may pose a serious national security risk to the United States economy and defense preparedness.
         Third, the risks arising from America’s import dependence on processed critical minerals also extend to derivative products that are integral to the United States economy and economic and national security. 
         For the United States to manufacture derivative products, it must have ready access to an affordable, resilient, and sustainable supply of processed critical minerals.  Simultaneously, a resilient and sustainable manufacturing base for derivative products is vital to creating a stable demand base for processed critical minerals.  Both must coexist to ensure economic stability and national security.
         Finally, overreliance on a small number of geographic regions amplifies the risks posed by geopolitical instability and regional disruptions.
         In light of the above risks and realities, an investigation under section 232 of the Act (section 232) is necessary to determine whether imports of processed critical minerals and their derivative products threaten to impair national security. 
         Sec. 2.  Definitions.  As used in this order:        (a)  The term “critical minerals” means those minerals included in the “Critical Minerals List” published by the United States Geological Survey (USGS) pursuant to section 7002(c) of the Energy Act of 2020 (30 U.S.C. 1606) at 87 FR 10381, or any subsequent such list.  The term “critical minerals” also includes uranium.        (b)  The term “rare earth elements” means the 17 elements identified as rare earth elements by the Department of Energy (DOE) in the April 2020 publication titled “Critical Materials Rare Earths Supply Chain.”  The term also includes any additional elements that either the USGS or DOE determines in any subsequent official report or publication should be considered rare earth elements.        (c)  The term “processed critical minerals” refers to critical minerals that have undergone the activities that occur after critical mineral ore is extracted from a mine up through its conversion into a metal, metal powder or a master alloy.  These activities specifically occur beginning from the point at which ores are converted into oxide concentrates; separated into oxides; and converted into metals, metal powders, and master alloys.         (d)  The term “derivative products” includes all goods that incorporate processed critical minerals as inputs.  These goods include semi-finished goods (such as semiconductor wafers, anodes, and cathodes) as well as final products (such as permanent magnets, motors, electric vehicles, batteries, smartphones, microprocessors, radar systems, wind turbines and their components, and advanced optical devices).
         Sec. 3.  Section 232 Investigation.  (a)  The Secretary of Commerce shall initiate an investigation under section 232 to determine the effects on national security of imports of processed critical minerals and their derivative products.     (b)  In conducting the investigation described in subsection (a) of this section, the Secretary of Commerce shall assess the factors set forth in 19 U.S.C. 1862(d), labeled “Domestic production for national defense; impact of foreign competition on economic welfare of domestic industries,” as well as other relevant factors, including:             (i)    identification of United States imports of all processed critical minerals and derivative products incorporating such processed critical minerals;             (ii)   the foreign sources by percent and volume of all processed critical mineral imports and derivative product imports, the specific types of risks that may be associated with each source by country, and those source countries deemed to be of significant risk;            (iii)  an analysis of the distortive effects of the predatory economic, pricing, and market manipulation strategies and practices used by countries that process critical minerals that are exported to the United States, including the distortive effects on domestic investment and the viability of United States production, as well as an assessment of how such strategies and practices permit such countries to maintain their control over the critical minerals processing sector and distort United States market prices for derivative products;             (iv)   an analysis of the demand for processed critical minerals by manufacturers of derivative products in the United States and globally, including an assessment of the extent to which such manufacturers’ demand for processed critical minerals originates from countries identified under subsections (b)(ii) and (b)(iii) of this section;             (v)    a review and risk assessment of global supply chains for processed critical minerals and their derivative products;             (vi)   an analysis of the current and potential capabilities of the United States to process critical minerals and their derivative products; and             (vii)  the dollar value of the current level of imports of all processed critical minerals and derivative products by total value and country of export.     (c)  The Secretary of Commerce shall, consistent with applicable law, proceed expeditiously in conducting the investigation as follows:             (i)    Within 90 days of the date of this order, the Secretary of Commerce shall submit for internal review and comment a draft interim report to the Secretary of the Treasury, the Secretary of Defense, the United States Trade Representative, the Assistant to the President for Economic Policy, and the Senior Counselor to the President for Trade and Manufacturing.             (ii)   Comments to the Secretary of Commerce from the officials identified in subsection (c)(i) of this section shall be provided within 15 days of submission of the draft interim report described in subsection (c)(i) of this section.             (iii)  The Secretary of Commerce shall submit a final report and recommendations to the President within 180 days of the investigation’s commencement.     (d)  In considering whether to make recommendations for action or inaction pursuant to section 232(b) of the Act (19 U.S.C. 1862(b)), the Secretary of Commerce shall consider:             (i)    the imposition of tariffs as well as other import restrictions and their appropriate levels;             (ii)   safeguards to avoid circumvention and any weakening of the section 232 measures;             (iii)  policies to incentivize domestic production, processing, and recycling; and             (iv)   any additional measures that may be warranted to mitigate United States national security risks, as appropriate, under the President’s authority pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).
         Sec. 4.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:             (i)   the authority granted by law to an executive department or agency, or the head thereof; or             (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.     (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
                                  DONALD J. TRUMP
    THE WHITE HOUSE    April 15, 2025.

    MIL OSI USA News –

  • MIL-OSI: Orca Announces Signing Settlement Agreement for the Payment of Arrears Owing by Tanzania Electric Supply Company Limited

    Source: GlobeNewswire (MIL-OSI)

    TORTOLA, British Virgin Islands, April 15, 2025 (GLOBE NEWSWIRE) — Orca Energy Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces that PanAfrican Energy Tanzania Limited (“PAET”) signed a Settlement Agreement with Tanzania Petroleum Development Corporation (“TPDC”) and Tanzania Electric Supply Company Limited (“TANESCO”) for TANESCO to pay PAET and TPDC US$52.0 million for unpaid amounts owing by TANESCO for deliveries of natural gas from the Songo Songo gas field.

    PAET and TPDC (collectively, the “Seller“) agreed with TANESCO in the Portfolio Gas Supply Agreement (as amended) (the “PGSA”) to supply it with Additional Gas (as defined in the Production Sharing Agreement (“PSA”) between PAET, TPDC and the Government of Tanzania). TANESCO, a parastatal organization wholly owned and controlled by the Government of Tanzania with oversight by the Ministry of Energy, has lifted, but not paid for, certain Additional Gas volumes supplied by the Seller. The parties acknowledged in the Settlement Agreement that these unpaid amounts totaled US$104,164,507.41 (the “TANESCO Arrears”) as of January 9, 2025, comprised of US$33.7 million of the principal amount owing and approximately US$70.5 million of default interest.

    The Settlement Agreement requires TANESCO to pay the Seller the Tanzanian Shilling equivalent of US$52.0 million (the “Settlement Amount”) comprised of the US$33.7 million principal amount and US$18.3 million representing a portion of the default interest owed by TANESCO to the Seller. The Seller agreed to waive the balance of the default interest owing by TANESCO to the Seller if TANESCO pays the Settlement Amount when required and in full. TANESCO must pay the Settlement Amount to PAET in weekly installments commencing in April 2025 and ending in October 2025. Payments on account of the Settlement Amount will be allocated between PAET and TPDC in accordance with the PSA. Pursuant to the PSA, and assuming payment in full of the Settlement Amount, Orca expects to retain approximately US$29.4 million of the Settlement Amount with TPDC retaining the balance.

    If TANESCO breaches its payment obligations under the Settlement Agreement, the Settlement Agreement terminates and the Seller will be entitled to enforce its rights to receive payment of the net amount of the TANESCO Arrears owing plus default interest.

    Jay Lyons, Chief Executive Officer, commented:

    “We are pleased to announce that a financial settlement has been reached for the Additional Gas volumes historically supplied but not paid for under the PGSA with TANESCO. Since Orca first entered Tanzania, the Company has always strived to act in the best interests of the country. This situation was no different. Despite Orca not being fully paid by TANESCO for certain volumes supplied, dating back to 2013, the Company chose to continue supplying natural gas to TANESCO in order to help protect the Tanzanian economy through sustained power generation.

    The Group is pleased to have resolved the ongoing arrears situation, with a clear payment plan now laid out that will enable TANESCO to pay the reduced amount agreed by all parties and stop incurring further arrears. It is important to note that in the event the payment schedule is not adhered to, the Group retains the right to pursue other avenues of legal recourse available to it in order to safeguard the interests of its investors.”

    Orca Energy Group Inc.

    Orca Energy Group Inc. is an international public company engaged in natural gas development and supply in Tanzania through PAET. Orca trades on the TSX Venture Exchange under the trading symbols ORC.B and ORC.A.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Forward-Looking Information

    This news release contains forward-looking statements or information (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included in this news release, which address activities, events or developments that Orca expects or anticipates to occur in the future, are forward-looking statements. Forward-looking statements often contain terms such as may, will, should, anticipate, expect, continue, estimate, believe, project, forecast, plan, intend, target, outlook, focus, could and similar words suggesting future outcomes or statements regarding an outlook. More particularly, this news release contains, without limitation, forward looking statements pertaining to the following: timing as to payment of the Settlement Amount; that the Seller will receive the full Settlement Amount in accordance with the terms of the Settlement Agreement; that the Settlement Agreement will not be terminated; the estimated portion of the Settlement Amount to be received by PAET; and whether TANESCO will pay some or all of the Settlement Amount in Tanzanian Shillings at the Bank of Tanzania Selling Rate on the date of payment. Although management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results since such expectations are inherently subject to significant business, economic, operational, competitive, political and social uncertainties and contingencies.

    These forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control, and many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forward-looking statements made by the Company, including, but not limited to: risks as to timing of payment of the Settlement Amount; risks that the Seller will not receive the full Settlement Amount in accordance with the terms of the Settlement Agreement; risks that the Settlement Agreement will be terminated; uncertainty around the portion of the Settlement Amount to be received by PAET; and uncertainty whether TANESCO will pay some or all of the Settlement Amount in Tanzanian Shillings at the Bank of Tanzania Selling Rate on the date of payment. No assurances can be given that any of the events anticipated by these forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.

    Such forward-looking statements are based on certain assumptions made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate in the circumstances, including, but not limited to: the Company’s relationship with TANESCO; that TANESCO will abide by the terms of the Settlement Agreement; that the amount of receivable by PAET pursuant to the Settlement Agreement will be in line with expectations; and other matters.

    The forward-looking information contained in this news release is provided as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable Canadian securities laws.

    The MIL Network –

  • MIL-OSI USA: MATSUI, HUFFMAN, COLLEAGUES EXPRESS CONCERNS FOR INCREASED LOGGING ON PUBLIC LANDS

    Source: United States House of Representatives – Congresswoman Doris Matsui (D-CA)

    WASHINGTON, D.C. – Congresswoman Doris Matsui (CA-07) and Congressman Jared Huffman (CA-02) led a letter signed by 37 Members of Congress to Secretary of Agriculture Brooke Rollins and Secretary of the Interior Doug Burgum, expressing concerns regarding the implementation of President Trump’s Executive Order (E.O.) 14225 calling for a fast-tracked expansion of U.S. timber production.

    “We urge you to consider the devastating and long-lasting impacts that increased logging will have on our federal forests and future generations of Americans,” wrote the lawmakers. 

    Federal forests provide a multitude of services for all Americans, and unchecked expansion of logging on these lands threatens our access to clean air, clean water, and the iconic recreational spaces that millions of Americans visit every year. By issuing E.O. 14225, President Trump is prioritizing timber production over all other uses of public lands—regardless of ecological impacts or wildfire mitigation. 

    “We are particularly concerned that the President’s push to expand timber production will target older trees,” the lawmakers continued. “[…] Mature and old growth forests are a vital resource, providing important habitat for endangered species, mitigating climate change through the absorption and long-term storage of carbon, and protecting vital watersheds that many Americans depend on. Older trees are often more resilient to wildfires because of their thick protective bark and higher canopies. Clearing the way for the destruction of precisely the type of tree that is the best at resisting wildfires is counterproductive and ironic.” 

    As Co-Chair of the House Sustainable Energy and Environment Coalition (SEEC) and Co-Chair of the SEEC Lands, Waters, and Nature Task Force, Congresswoman Matsui has long been a champion of protecting public lands and critical habitat, preserving the environment, and advancing nature-based approaches to addressing climate change. This letter follows a series of letters the Congresswoman led in April 2023, April 2024 and September 2024, urging the U.S. Forest Service (USFS) and Bureau of Land Management (BLM) to take additional measures to protect old-growth forests.

    A copy of the letter can be found below and HERE.

    Dear Secretary Rollins and Secretary Burgum,

    We write to express our concerns regarding the implementation of President Trump’s Executive Order (E.O.) 14225 calling for a fast-tracked expansion of U.S. timber production. Our federal forests provide a multitude of services for all Americans, and unchecked expansion of logging on these lands threatens our access to clean air, clean water, and the iconic recreational spaces that millions of Americans visit every year. While ecologically appropriate thinning can be important for preventing and reducing the severity of wildfire in some circumstances, E.O. 14225 explicitly prioritizes timber production, regardless of ecological impacts or wildfire mitigation. We urge you to consider the devastating and long-lasting impacts that increased logging will have on our federal forests and future generations of Americans.

    All of this comes as the Trump administration is working to dramatically reduce the workforce of federal land management agencies. Efforts to hollow out agencies raise significant concerns about the ability of the remaining personnel to facilitate the requirements of the E.O. while simultaneously preparing for the upcoming wildfire and tourism season. This is especially perplexing, and we encourage you to ensure that the desired focus on timber production does not come at the expense of other critical priorities. 

    We are particularly concerned that the President’s push to expand timber production will target older trees. There are alarmingly few old-growth forests left in the United States, and those that remain are found largely on federal lands. Mature and old growth forests are a vital resource, providing important habitat for endangered species, mitigating climate change through the absorption and long-term storage of carbon, and protecting vital watersheds that many Americans depend on. Older trees are often more resilient to wildfires because of their thick protective bark and higher canopies. Clearing the way for the destruction of precisely the type of tree that is the best at resisting wildfires is counterproductive and ironic.

    Furthermore, E.O. 14225 entirely ignores the legal mandate from Congress to manage these public forests for multiple uses, not just timber production, in the National Forest Management Act. We are deeply concerned it directs agencies, including your own, to undermine both the National Environmental Policy Act (NEPA) and Endangered Species Act (ESA) in order to fast-track timber harvesting. NEPA guarantees that communities have a seat at the table to work in an informed and cooperative manner with the U.S. Forest Service and Bureau of Land Management to generate the best alternatives for achieving desired conditions in our forests. Any policy changes directed by E.O. 14225 must not come at the expense of public involvement in decision making. 

    We are equally concerned about the direction to exploit ESA emergency provisions and the Endangered Species Committee; this seemingly attempts to allow logging projects to bypass essential protections for endangered species and worsen the ongoing biodiversity crisis.

    Given the potentially devastating effects on the environment and human health of this rash and short-sighted E.O, we urge you to consider the long-term consequences. Our forests are essential to protect our climate, safeguard biodiversity, maintain our clean water supply, and provide the kind of recreation opportunities that have long been central to the American way of life. 

    We look forward to ongoing coordination and communication as your respective Departments interpret and implement the directives E.O. 14255.

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: ICYMI: Energy Secretary Chris Wright Delivers Remarks in Riyadh Following U.S.-Saudi Energy Cooperation MOU Announcement

    Source: US Department of Energy

    RIYADH, SAUDI ARABIA —  U.S. Secretary of Energy Chris Wright delivered remarks at a press conference in Riyadh on Sunday and announced the United States and the Kingdom of Saudi Arabia agreed to sign a Memorandum of Understanding (MOU) at a later date to advance cooperation across key areas of energy. The non-binding agreement outlines a framework for collaboration in both traditional and emerging energy sectors, reinforcing shared strategic priorities without financial or legal commitments.

    Secretary Wright’s full remarks from the press conference are below: 

    I want to start by thanking my fabulous hosts, the Energy Minister Prince Abdulaziz bin Salman and the Crown Prince Mohammed bin Salman. They’ve been so welcoming for myself and our delegation from the United States to come talk about our nations, our road to cooperation, our road for mutual beneficial progress going forward. We’ve made very wide-ranging dialogs for a day and a half now, and they’re going to continue.

    We’ve talked about energy and all aspects of energy. We’ve talked about mining critical materials. We’ve talked about processing and industry. We’ve talked about climate change. We’ve talked about human lives and what drives their improvement and how best to achieve those ends.

    We’ve talked about some of the obstacles that both of our countries have struggled with in the last several years, particularly on energy. You know, we’ve had a growing global movement, including in my country, the United States, that stood in opposition to energy development—somehow thought the road to a better world was less energy, less empowerment of individuals, and therefore less economic prosperity and less freedom.

    So, our broader objectives, which we share, are prosperity at home and peace abroad. We’ve also talked about geo-politics. Peace abroad is every bit as critical as prosperity at home, but they’re linked together. They’re linked together.

    Our newly elected President Trump was elected very much on a platform of removing barriers in the United States to the prosperity of our citizens. And by making America stronger and our people more prosperous, our relationships with our allies stronger, we can achieve peace abroad.

    As the broader agenda— we discussed, we came at the end to an agreement. We’re coming together on a memorandum that’s broad, and I will announce that right now. We will sign it at a later date, but we’ve developed a broad memorandum of so many areas that the two countries will work together in cooperation to better develop energy resources, energy infrastructure, both in the United States and here in the Kingdom—mining cooperation, civilian nuclear technology and energy production.

    We’re going to work on that as well. There’s simply so many aligned interests of our two nations. So, I will announce the agreement of a memorandum. There’ll be a separate date where we’ll sign that memorandum and announce more of the specific efforts that are going to be launched based on that.

                                                                                            ###

    MIL OSI USA News –

  • MIL-OSI USA: DOE Statement on EIA Annual Energy Outlook

    Source: US Department of Energy

    WASHINGTON— The Department of Energy (DOE) today released the following statement from DOE Spokesperson Andrea Woods on the U.S. Energy Information Administration (EIA) Annual Energy Outlook 2025: 

    “Today’s report from EIA reflects the disastrous path for American energy production under the Biden administration – a path that was soundly rejected by the American people last November. Under President Trump’s leadership, the Department of Energy is charting a new way forward for America’s energy future that promotes greater consumer choice, ensures the U.S. has the power to lead the world in AI development and expands economic growth fueled by American energy dominance. By unleashing energy that is affordable, reliable, and secure, this administration is ensuring America’s future is marked by energy growth and abundance – not scarcity.”

    Background:

    EIA’s Annual Energy Outlook utilizes a reference case that assumes laws and regulations that were in effect as of December 2024 remain in effect through 2050. The report reflects the consequences of the Biden administration’s short-sighted energy policies – many of which have already been reversed by President Trump. The report does not reflect policies enacted by President Trump to expand consumer choice and facilitate greater investment in American energy production. 

     Work is already underway at DOE to advance production of affordable, reliable and secure energy sources, including coal, natural gas and nuclear energy. To date, the Department of Energy has issued six actions removing regulatory barriers to liquefied natural gas (LNG) production, including approving four LNG export permits or project extensions for non-FTA countries. DOE has announced several policies aimed at jumpstarting America’s nuclear energy renaissance, including issuing a loan disbursement for the Palisades Nuclear Plant and announcing the first conditional commitments to distribute HALEU fuel to five U.S. nuclear developers. Just last week, DOE announced a series of new actions that will modernize U.S. coal technologies and promote coal-fired power generation.

    Under President Trump’s leadership, the Department of Energy is continuing to work with its counterparts on the National Energy Dominance Council to remove regulatory hurdles standing in the way of building critical infrastructure and limiting America’s energy potential.

                                                                                             ###

    MIL OSI USA News –

  • MIL-OSI: Montauk Renewables, Inc. Announces Share Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    PITTSBURGH, April 15, 2025 (GLOBE NEWSWIRE) — Montauk Renewables, Inc. (NASDAQ: MNTK) (“Montauk” or the “Company”), announced today that the Company’s Board of Directors has authorized a share repurchase program to repurchase up to $5,000,000 of the Company’s issued and outstanding common stock, effective immediately with no date for termination.

    Repurchases under the program may be made through open market transactions, privately negotiated transactions or otherwise in accordance with applicable federal securities laws. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by a Repurchase Committee, comprised of Board members and management.

    The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any number of shares and there is no assurance that purchases will take place under the program.

    About Montauk Renewables, Inc.

    Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has operations at 13 projects and ongoing development projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, South Carolina, and Texas. The Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com.

    Company Contact:

    John Ciroli
    Chief Legal Officer (CLO) & Secretary
    investors@montaukrenewables.com
    (412) 747-8700

    Investor Relations Contact:

    Georg Venturatos
    Gateway Group
    MNTK@Gateway-grp.com
    (949) 574-3860

    Forward Looking Statement

    This press release contains forward-looking statements including, among other things, statements regarding share repurchases. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks, assumptions and uncertainties. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, expectations of the economic environment, material adverse changes in economic conditions, alternative uses of capital, and the other risks contained in our other public disclosures discussing our business and financial condition and results. As a result, we caution against placing undue reliance on any forward-looking statement. For information on potential risks and uncertainties that could cause actual results to differ, please see the “Risks Factors” section of our annual report on Form 10-K for the year ended December 31, 2024 and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.

    The MIL Network –

  • MIL-OSI: LanzaTech Announces Fourth-Quarter and Full-Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 15, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a carbon management solutions company, today filed its annual report for the fiscal year ended December 31, 2024 (the “Form 10-K”).

    Key Takeaways:

    • Reported total revenue of $12.0 million for fourth-quarter 2024 as compared to $20.5 million for fourth-quarter 2023. The decrease was driven primarily by fourth-quarter 2023 benefiting from engineering services performed across several projects which were subsequently completed. Fourth-quarter 2024 revenue was within the forecasted range of potential outcomes previously provided, albeit at the low end of the range due to continued timing delays with several large biorefining projects that remain underway.
    • Reported revenue of $49.6 million for full-year 2024 as compared to $62.6 million for full-year 2023. The year-over-year decrease was primarily driven by 2023 results benefiting from projects that have since reached the completion of their current development phase, coupled with timing delays related to several large biorefining projects experienced throughout 2024.
    • Shifting the Company’s core operational focus from research and development to global deployment LanzaTech’s commercially proven technology is underway, with actions being taken to sharpen the business focus and improve the Company’s cost structure.
    • Evaluating liquidity enhancing initiatives, including capital raising, partnership or asset-related opportunities, and other strategic options. Management has concluded that these initiatives and cost reduction plans do not alleviate substantial doubt about the Company’s ability to continue as a going concern, per applicable GAAP requirements.

    Fourth-Quarter and Full-Year 2024 Financial Results

    The table below outlines key reported fourth-quarter and full-year 2024 results ($ millions, unless noted):

      Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Revenue $ 12.0     $ 20.5     $ 49.6     $ 62.6  
    Cost of revenue   5.6       12.0       26.0       45.0  
    Gross Profit   6.5       8.5       23.6       17.7  
    Operating expenses   33.5       27.1       132.6       124.0  
    Net loss   (27.0 )     (18.7 )     (137.7 )     (134.1 )
    Adjusted EBITDA loss (1) $ (21.2 )   $ (19.6 )   $ (88.2 )   $ (80.1 )

    (1)   See “Non-GAAP Financial Measures” and “Reconciliations of GAAP Net Loss to Adjusted EBITDA” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

    Revenue

    • Reported total revenue of $12.0 million and $49.6 million for fourth-quarter and full-year 2024, respectively, as compared to total revenue of $20.5 million and $62.6 million for fourth-quarter and full-year 2023, respectively. The decrease during both periods was driven primarily by 2023 results benefiting from engineering and other services contracts with existing customers and government entities whose projects have since reached completion of their current development phase. Additionally, several large projects experienced timing delays during 2024, which impacted their transferring to the phase where revenue is recognized. Fourth-quarter 2024 revenues were within the forecasted range of potential outcomes previously provided, albeit at the low end of the range due to the aforementioned project delays. Two key projects that did not transfer to a third party, the phase in which revenues are recognized for these projects, were Project Drake in the European Union, and LanzaTech’s site under development in Norway. In addition, LanzaTech continues to expect additional LanzaJet shares to be issued with sublicensing events of LanzaJet’s alcohol-to-jet technology. These projects remain underway during 2025. Fourth-quarter 2024 results include revenue attributable to Project SECURE, which, in December of 2024, was awarded Department of Energy funding for the initiation of phase one of the project. Project SECURE is led by Technip Energies, in partnership with LanzaTech.
    • Joint Development Agreement (“JDA”) & Contract Research revenue for fourth-quarter and full-year 2024 was $1.7 million and $10.6 million, respectively, as compared to $4.2 million and $14.6 million for fourth-quarter and full-year 2023, respectively. The year-over-year decline in both cases was attributable to certain government projects being completed, compounded by a period of downtime prior to new projects commencing, primarily during the second half of 2024.
    • CarbonSmart™ revenue for fourth-quarter and full-year 2024 was $3.9 million and $7.9 million, respectively, as compared to $2.1 million and $5.3 million for fourth-quarter and full-year 2023, respectively. Fourth-quarter 2024 revenues increased by 88 percent as compared to fourth-quarter 2023 due to incremental direct fuel sales as a result of establishing licensing arrangements, partners, and supply chain infrastructure during third-quarter 2024.

    Cost of Revenue

    • Fourth-quarter and full-year 2024 cost of revenue was $5.6 million and $26.0 million, respectively, as compared to $12.0 million and $45.0 million for fourth-quarter and full-year 2023, respectively. Cost of revenue for fourth-quarter 2024 was largely comprised of the cost of the CarbonSmart product sold and headcount allocations related to the delivery of biorefining services and JDA work. Gross margin for fourth-quarter 2024 was 54 percent largely as a function of revenue mix, including additional lower-margin CarbonSmart sales.

    Operating Expenses

    • Fourth-quarter and full-year 2024 operating expenses were $33.5 million and $132.6 million, respectively, as compared to $27.1 million and $124.0 million for fourth-quarter and full-year 2023. The increase year-over-year was driven primarily by project-related expenses, like those incurred for Project Drake and LanzaTech’s project in Norway, that are expected to be recovered once the projects advance to Final Investment Decision (“FID”).

    Net Loss

    • Fourth-quarter and full-year 2024 net losses were $27.0 million and $137.7 million, respectively, as compared to fourth-quarter and full-year 2023 net losses of $18.7 million and $134.1 million, respectively. The increase was attributable to a non-cash expense on financial instruments, as well as the same factors that drove the reduction in revenue as compared to prior periods.

    Adjusted EBITDA Loss

    • Fourth-quarter and full-year 2024 adjusted EBITDA losses were $21.2 million and $88.2 million, respectively, as compared to adjusted EBITDA losses of $19.6 million and $80.1 million for fourth-quarter and full-year 2023, respectively. The increases in losses year-over-year are mainly attributable to the same factors that drove the reduction in revenue for the comparative periods.

    Balance Sheet and Liquidity

    As of December 31, 2024, LanzaTech had $58.1 million in total cash, restricted cash, and investments, compared to total cash of $89.1 million at the end of third-quarter 2024.

    About LanzaTech

    LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. For more information about LanzaTech, please visit https://lanzatech.com.

    Forward Looking Statements

    This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs and assumptions of LanzaTech’s management. Although LanzaTech believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, LanzaTech’s management. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements, including the Company’s ability to continue to operate as a going concern. LanzaTech may be adversely affected by other economic, business, or competitive factors, and other risks and uncertainties, including those described under the header “Risk Factors” in its Form 10-K and in future SEC filings. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can LanzaTech assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to LanzaTech or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Non-GAAP Financial Measures

    To supplement our financial statements presented in accordance with US GAAP and to provide investors with additional information regarding our financial results, we have presented adjusted EBITDA, a non-GAAP financial measure. Adjusted EBITDA is not based on any standardized methodology prescribed by US GAAP and is not necessarily comparable to similarly titled measures presented by other companies.

    We define adjusted EBITDA as our net loss, excluding the impact of depreciation, interest income, net, stock-based compensation, change in fair value of warrant liabilities, change in fair value of SAFE liabilities, change in fair value of the FPA Put Option liability and Fixed Maturity Consideration, change in fair value of our outstanding convertible note, transaction costs on issuance of Forward Purchase Agreement, (loss) gain from equity method investees and other one-time costs related to the Business Combination and securities registration on Form S-4 and our registration statement on Form S-1. We monitor adjusted EBITDA because it is a key measure used by our management and Board of Directors to understand and evaluate our operating performance, to establish budgets, and to develop operational goals for managing our business. We believe adjusted EBITDA helps identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we include in net loss. Accordingly, we believe adjusted EBITDA provides useful information to investors, analysts, and others in understanding and evaluating our operating results and enhancing the overall understanding of our past performance and future prospects.

    Adjusted EBITDA is not prepared in accordance with US GAAP and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with US GAAP. There are a number of limitations related to the use of adjusted EBITDA rather than net loss, which is the most directly comparable financial measure calculated and presented in accordance with US GAAP. For example, adjusted EBITDA: (i) excludes stock-based compensation expense because it is a significant non-cash expense that is not directly related to our operating performance; (ii) excludes depreciation expense and, although this is a non-cash expense, the assets being depreciated and amortized may have to be replaced in the future; (iii) excludes gain or losses on equity method investee; and (iv) excludes certain income or expense items that do not provide a comparable measure of our business performance. In addition, the expenses and other items that we exclude in our calculations of adjusted EBITDA may differ from the expenses and other items, if any, that other companies may exclude from adjusted EBITDA when they report their operating results. In addition, other companies may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison.

    LANZATECH GLOBAL INC.
    CONSOLIDATED BALANCE SHEETS
    (In thousands, except share and per share data)
      December 31,
        2024       2023  
    Assets      
    Current assets:      
    Cash and cash equivalents         $         43,499     $         75,585  
    Held-to-maturity investment securities                   12,374               45,159  
    Trade and other receivables, net of allowance                   9,456               11,157  
    Contract assets                   18,975               28,238  
    Other current assets                   15,030               12,561  
    Total current assets                   99,334               172,700  
    Property, plant and equipment, net                   22,333               22,823  
    Right-of-use assets                   26,790               18,309  
    Equity method investment                   4,363               7,066  
    Equity security investment                   14,990               14,990  
    Other non-current assets                   6,873               5,736  
    Total assets         $         174,683     $         241,624  
    Liabilities and Shareholders’ Equity      
    Current liabilities:      
    Accounts payable         $         5,289     $         4,060  
    Other accrued liabilities                   8,876               7,316  
    Warrants                   3,531               7,614  
    Fixed Maturity Consideration and current FPA Put Option liability                   4,123               —  
    Contract liabilities                   6,168               3,198  
    Accrued salaries and wages                   2,302               5,468  
    Current lease liabilities                   158               126  
    Total current liabilities                   30,447               27,782  
    Non-current lease liabilities                   30,619               19,816  
    Non-current contract liabilities                   5,233               8,233  
    Fixed Maturity Consideration                   —               7,228  
    FPA Put Option liability                   30,015               37,523  
    Brookfield SAFE liability                   13,223               25,150  
    Convertible Note                   51,112               —  
    Other long-term liabilities                   587               1,421  
    Total liabilities                   161,236               127,153  
           
    Shareholders’ Equity      
    Common stock, $0.0001 par value, 600,000,000 and 400,000,000 shares authorized; 194,915,711 and 196,642,451 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively                   19               19  
    Additional paid-in capital                   981,638               943,960  
    Accumulated other comprehensive income                   1,393               2,364  
    Accumulated deficit                   (969,603 )             (831,872 )
    Total shareholders’ equity         $         13,447     $         114,471  
    Total liabilities and shareholders’ equity         $         174,683     $         241,624  
    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except share and per share data)
      Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Revenues:              
    Contracts with customers and grants $ 5,311     $ 13,834     $ 22,995     $ 45,953  
    CarbonSmart product sales   3,933       2,072       7,943       5,337  
    Collaborative arrangements   1,104       2,413       5,573       5,529  
    Related party transactions   1,682       2,144       13,081       5,812  
    Total revenues   12,030       20,463       49,592       62,631  
    Costs and operating expenses:              
    Contracts with customers and grants(1)   985       8,818       15,341       37,653  
    CarbonSmart product sales(1)   3,894       2,390       7,543       4,889  
    Collaborative arrangements(1)   532       761       2,566       2,265  
    Related party transactions(1)   157       22       520       172  
    Research and development expense   16,459       16,303       77,007       68,142  
    Depreciation expense   1,278       1,471       5,567       5,452  
    Selling, general and administrative expense   15,745       9,343       49,981       50,438  
    Total cost and operating expenses   39,050       39,108       158,525       169,011  
    Loss from operations   (27,020 )     (18,645 )     (108,933 )     (106,380 )
    Other income (expense):              
    Interest income, net   710       1,408       3,162       4,572  
    Other expense, net   5,616       524       (17,726 )     (29,388 )
    Total other expense, net   6,326       1,932       (14,564 )     (24,816 )
    Loss before income taxes   (20,694 )     (16,713 )     (123,497 )     (131,196 )
    Income tax expense   —       —       —       —  
    Loss from equity method investees, net   (6,299 )     (1,961 )     (14,234 )     (2,902 )
    Net loss $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (134,098 )
                   
    Other comprehensive loss:              
    Changes in credit risk of fair value instruments   (1,096 )     —       (1,096 )     —  
    Foreign currency translation adjustments   322       578       124       (376 )
    Comprehensive loss $ (27,767 )   $ (18,096 )   $ (138,703 )   $ (134,474 )
                   
    Unpaid cumulative dividends on preferred stock   —       —       —       (4,117 )
    Net loss allocated to common shareholders $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (138,215 )
                   
    Net loss per common share – basic and diluted $ (0.14 )   $ (0.10 )   $ (0.70 )   $ (0.79 )
    Weighted-average number of common shares outstanding – basic and diluted   197,789,128       196,227,601       197,579,945       176,023,219  

    (1) exclusive of depreciation

    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
      Years Ended December 31,
        2024       2023  
    Cash Flows From Operating Activities:      
    Net loss $ (137,731 )   $ (134,098 )
    Adjustments to reconcile net loss to net cash used in operating activities:      
    Share-based compensation expense   13,208       15,199  
    Gain on change in fair value of SAFE and warrant liabilities   (17,887 )     (14,471 )
    Loss on change in fair value of the FPA Put Option and the Fixed Maturity Consideration liabilities   23,510       44,300  
    Loss on change in fair value of Convertible Note   11,894       —  
    Provisions for losses on trade and other receivables, net of recoveries   961       700  
    Depreciation of property, plant and equipment   5,592       5,452  
    Amortization of discount on debt security investment   (854 )     (1,301 )
    Non-cash lease expense   1,713       1,526  
    Non-cash recognition of licensing revenue   (11,532 )     (1,805 )
    Loss from equity method investees, net   14,234       2,902  
    Gain from disposal of PPE   (25 )     —  
    Unrealized (Gain)/loss on net foreign exchange   (284 )     182  
    Changes in operating assets and liabilities:      
    Accounts receivable, net   557       104  
    Contract assets   9,162       (10,049 )
    Accrued interest on debt investment   183       (266 )
    Other assets   (2,066 )     (2,658 )
    Accounts payable and accrued salaries and wages   (1,790 )     (4,991 )
    Contract liabilities   311       95  
    Operating lease liabilities   641       (337 )
    Other liabilities   1,143       2,220  
    Net cash used in operating activities   (89,060 )     (97,296 )
    Cash Flows From Investing Activities:      
    Purchase of property, plant and equipment   (5,312 )     (8,553 )
    Proceeds from disposal of property, plant and equipment   25       —  
    Purchase of debt securities   (27,083 )     (93,858 )
    Proceeds from maturity of debt securities   60,722       50,000  
    Purchase of additional interest in equity method investment   —       (288 )
    Origination of related party loan   —       (5,212 )
    Net cash provided by/(used in) investing activities   28,352       (57,911 )
    Cash Flows From Financing Activities:      
    Proceeds from the Business Combination and PIPE, net of transaction expenses (Note 3)   —       213,381  
    FPA prepayment   —       (60,096 )
    Proceeds from exercise of options   300       2,550  
    Repurchase of equity instruments of the Company   (48 )     (7,650 )
    Settlement of FPA   (10,039 )     —  
    Proceeds from issuance of Convertible Note, net   40,000       —  
    Net cash provided by financing activities   30,213       148,185  
    Effects of currency translation on cash, cash equivalents and restricted cash   (52 )     (404 )
    Net decrease in cash, cash equivalents and restricted cash   (30,547 )     (7,426 )
    Cash, cash equivalents and restricted cash at beginning of period   76,284       83,710  
    Cash, cash equivalents and restricted cash at end of period $ 45,737     $ 76,284  
           
    Supplemental disclosure of non-cash investing and financing activities:      
    Acquisition of property, plant and equipment under accounts payable $ 132     $ 279  
    Right-of-use asset additions   10,194       12,866  
    Non-cash partial reversal of FPA upon settlement   24,084       —  
    Third-party issuance costs for the Convertible Note   3,169       —  
    Reclassification of capitalized costs related to the business combination to equity   —       1,514  
    Cashless conversion of warrants on preferred shares   —       5,890  
    Recognition of public and private warrant liabilities in the Business Combination   —       4,624  
    Reclassification of AM SAFE warrant to equity   —       1,800  
    Conversion of AM SAFE liability into common stock   —       29,730  
    Conversion of Legacy LanzaTech NZ, Inc. preferred stock and in-kind dividend into common stock   —       722,160  
    Reclassification of FPA Warrants to equity $ —     $ 3,063  
                                       
    Reconciliation of GAAP Net Loss to Adjusted EBITDA
    (In thousands)
    Unaudited
        Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Net Loss $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (134,098 )
    Depreciation   1,278       (1,471 )     5,567       5,452  
    Interest income, net   (710 )     (1,408 )     (3,162 )     (4,572 )
    Stock-based compensation expense and change in fair value of SAFE and warrant liabilities (1)   6,191       —       (4,679 )     728  
    Change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities (net of interest accretion reversal)   —       —       23,283       44,300  
    Change in fair value of Convertible Note and related transaction costs   (7,296 )     —       14,276       —  
    Transaction costs on issuance of FPA   —       —       —       451  
    Loss from equity method investees, net   6,299       1,961       14,234       2,902  
    One-time costs related to the Business Combination, initial securities registration and non-recurring regulatory matters(2)   —       —       —       4,693  
    Adjusted EBITDA $ (21,231 )   $ (19,592 )   $ (88,212 )   $ (80,144 )
                     
    (1 ) Stock-based compensation expense represents expense related to equity compensation plans.
                     
    (2 ) Represents costs incurred related to the Business Combination that do not meet the direct and incremental criteria per SEC Staff Accounting Bulletin Topic 5.A to be charged against the gross proceeds of the transaction, but are not expected to recur in the future, as well as costs incurred subsequent to deal close related to our securities registration on Form S-4 and our registration statement on Form S-1. Regulatory matters includes fees related to non-recurring items during the year ended December 31, 2023.


    Investor Relations Contact

    Kate Walsh

    VP, Investor Relations & Tax

    Investor.Relations@lanzatech.com

    The MIL Network –

  • MIL-OSI Security: Two Men Admit Roles in Armed Robbery of U.S. Postal Service Employee

    Source: Office of United States Attorneys

    NEWARK, N.J. – Two Essex County, New Jersey men admitted their roles in an armed robbery of a U.S. Postal Service employee, U.S. Attorney Alina Habba announced.

    Dyshawn Williams, 28, of Newark, New Jersey, pleaded guilty before U.S. District Judge Claire C. Cecchi to one count of conspiring to interfere with commerce by robbery and one count of assaulting certain federal officers or employees.  Karieem Stamps, 26, also of Newark, New Jersey, pleaded guilty before U.S. District Judge Claire C. Cecchi to wire fraud, aggravated identity theft, and unlawful possession of a firearm and ammunition by a convicted felon.

    According to documents filed in this case and statements made in court:

    In November 2023, three individuals – including Williams – robbed a U.S. Postal Service employee at gunpoint in Newark, New Jersey.  The assailants stole the victim’s cell phone, keys, and wallet – including a credit card and debit card.  The robbery impeded the victim from delivering mail, which interfered with interstate commerce.  Shortly following the robbery, two individuals – including Stamps – used the stolen debit card to make purchases.  Both transactions passed through servers located outside of New Jersey.

    On August 1, 2024, Stamps – who was convicted of a felony offense in 2020 – possessed a Glock 29 Gen5 handgun bearing serial number CCRT895 with an extended magazine and 26 rounds of 9-millimeter ammunition.

    As to Williams, the counts of conspiracy to interfere with commerce by robbery and assaulting or impeding a federal employee carry a maximum penalty of 20 years in prison and a $250,000 fine.  As to Stamps, the count of wire fraud carries a maximum penalty of 20 years in prison and a $1,000,000 fine; the count of aggravated identity theft carries a mandatory two-year prison sentence; and the count of possession of a firearm and ammunition by a convicted felon carries a maximum penalty of 15 years in prison and a $250,000 fine.

    U.S. Attorney Habba credited postal inspectors with the U.S. Postal Inspection Service, Philadelphia Division, under the direction of Christopher A. Nielsen, with the investigation.  She also thanked special agents of the Federal Bureau of Investigation, under the direction of Acting Special Agent in Charge Terence G. Reilly in Newark, deputies of the U.S. Marshals Service, under the direction of United States Marshal Juan Mattos Jr., police officers and detectives of the Newark Police Department, under the direction of Public Safety Director Emanuel Miranda, officers of the New Jersey State Parole Board, under the direction of Chairman Samuel J. Plumeri, Jr., and special agents of the Bureau of Alcohol, Tobacco, Firearms and Explosives, Newark Division, under the direction of Acting Special Agent in Charge L.C. Cheeks, Jr.

    The government is represented by Assistant U.S. Attorney Eli Jacobs of the Organized Crime and Gangs Unit in Newark.

    25-103                                                 ###

    Defense counsel:

    Williams: Laura K. Gasiorowski, Westfield, New Jersey

    Stamps: Joseph Z. Amsel, Newark, New Jersey

    MIL Security OSI –

  • MIL-OSI Africa: Where Policy Meets Investment: African Ministers to Showcase Mineral Refining Opportunities at African Mining Week (AMW) 2025

    Source: Africa Press Organisation – English (2) – Report:

    CAPE TOWN, South Africa, April 15, 2025/APO Group/ —

    African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders, taking place from October 1-3 in Cape Town – will feature a high-level Ministerial Forum dedicated to advancing local mineral beneficiation across the continent.

    The session – From Extraction to Transformation: African Governments Driving Beneficiation and Value Addition – will spotlight national strategies and regulatory reforms aimed at boosting midstream and downstream infrastructure, enhancing local content, supporting community development and maximizing national value capture from resource exploitation.

    Across the continent, mineral-rich countries are enacting policies and investment incentives – including export restrictions on raw minerals – to spur industrialization and local processing. In the Democratic Republic of Congo, the world’s top cobalt producer, authorities imposed a four-month suspension on cobalt and copper exports in February 2025 to prevent market oversupply and stabilize prices. The decision came in response to a steep price drop from $82,000 per metric ton in April 2022 to just $21,550 in February 2025, aiming to resume exports once more favorable market conditions return. These proactive measures are expected to enhance the long-term sustainability of the sector and attract new investments in processing and refining infrastructure.

    In Zimbabwe, a 2023 ban on raw lithium exports has attracted billions in downstream investment and created new jobs. In August 2024, Zimbabwe secured $310 million from Chinese and British investors to construct a three-million-ton-per-annum lithium processing facility at Sandawana Mine. Guinea-Conakry, which holds 23% of global bauxite reserves and is the second-largest producer worldwide, is reducing its reliance on raw exports by advancing several alumina refinery projects. Key developments include partnerships with Emirates Global Aluminium and Alteo Refinery to strengthen local industrial capacity. These strategic moves are positioning both countries as key players in the global mineral refining market, with significant potential for long-term economic growth and job creation.

    Meanwhile, South Africa, the world’s leading producer of platinum group metals (PGMs), is making major strides in beneficiation. Projects include the $4.5 billion KwaZulu-Natal Titanium Beneficiation Complex by Nyanza Light Metals; a titanium pigment plant at the Richards Bay Industrial Development Zone; a PGM treatment facility at the Steelpoortdrift Vanadium Project by Vanadium Resources Limited; and a new treatment plant at Ivanhoe Mines’ Platreef PGM Nickel Project. These initiatives are expected to significantly boost South Africa’s beneficiation capacity, create thousands of jobs and further cement the country’s position as a global leader in mineral processing and industrialization.

    The Ministerial Forum at AMW will provide a strategic platform for African leaders to showcase progress, present investment-ready opportunities and foster collaboration across the mining value chain. It will also serve to align policy priorities and attract long-term capital for the development of sustainable, value-driven mineral economies.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: India Reinforces Commitment to Energy Security and Exploration Growth: Shri Hardeep Singh Puri at OALP IX & Special DSF Signing Ceremony

    Source: Government of India

    India Reinforces Commitment to Energy Security and Exploration Growth: Shri Hardeep Singh Puri at OALP IX & Special DSF Signing Ceremony

    India Accelerates Scientific Exploration: 76% of Active E&P Area Opened Since 2014, 28 Blocks Awarded Under OALP Round-IX

    Posted On: 15 APR 2025 8:12PM by PIB Delhi

    “The Indian hydrocarbon sector is entering a new era of accelerated exploration and development,” said Shri Hardeep Singh Puri, Minister of Petroleum and Natural Gas, while addressing the Open Acreage Licensing Policy (OALP) Round-IX and Special Discovered Small Field (DSF) Signing Ceremony held here tonight. He highlighted that through investor-friendly reforms, swift approvals, scientific exploration, and a strong emphasis on sustainability, India is steadily building a resilient and future-ready energy ecosystem aligned with the vision of Viksit Bharat.

    Addressing the  esteemed gathering of dignitaries, industry stakeholders, and investors, Shri Puri noted that today’s signing ceremony signifies much more than the completion of a procedural formality—it is a powerful testament to India’s unwavering commitment to reducing its import dependence and securing its energy future.

    With India currently reliant on imports for 88% of its crude oil and 50% of its natural gas needs, the urgency for domestic exploration and production has never been greater. As the Minister pointed out, “In the next two decades, 25% of the world’s incremental energy demand growth will come from India.”

    Reflecting on the past, Shri Puri acknowledged the challenges the Indian upstream sector faced between 2006 and 2016—a “dull decade” marred by policy paralysis and procedural delays, leading to the exit of global energy giants like BP, ENI, and Santos. However, the tide has turned. “We were determined to unlock India’s untapped energy potential, estimated at approximately 42 billion tonnes of oil and oil equivalent of gas,” he said.

    To that end, the Government has implemented a series of transformative reforms over the past decade. A key achievement has been the expansion of exploration activity, with the explored area of India’s sedimentary basins increasing from 6% in 2014 to 10% today, with a target of reaching 15%. The Minister reiterated the commitment to increasing exploration acreage to 1 million sq. km by 2030, highlighting the dramatic 99% reduction in “No-Go” areas within India’s Exclusive Economic Zone (EEZ).

    Scientific, data-driven exploration has been a cornerstone of this strategy, backed by a ₹7,500 crore investment into new seismic data acquisition, aerial surveys in remote terrains, and stratigraphic wells. Importantly, geo-scientific data is now available for major basins on both coasts, with the National Data Repository being upgraded to a cloud-based platform to ensure faster, transparent access to seismic, production, and well data.

    The Minister proudly noted that 76% of the total area currently under exploration has been brought under active exploration only since 2014. Under OALP Round-IX alone, 28 blocks across eight sedimentary basins have been awarded, covering 1.36 lakh square kilometers—38% of which fall in areas previously designated as “No-Go.” Additionally, two blocks were awarded under the Special DSF Round, with a total of 60 bids received.

    “Congratulations to all the awardees. Your success will play a pivotal role in meeting our increasing energy demands as India continues its ascent as one of the world’s largest energy consumers,” Shri Puri said.

    Looking ahead, the Minister announced that OALP Round-X has already been launched at the India Energy Week 2025, offering 25 blocks across 13 sedimentary basins—covering the largest-ever acreage of 1.92 lakh square kilometers, with 51% falling in previously restricted zones.

    Furthermore, DSF Round-IV is being launched tonight, comprising 55 discoveries across nine contract areas with estimated reserves of 258.59 million metric tonnes of oil equivalent (MMTOE). All blocks have undergone rigorous technical vetting by global experts, and critically, all relevant data is being made freely available to potential investors.

    He also shared that under previous DSF Bid Rounds (I, II, and III), a total of 85 Revenue Sharing Contracts covering 175 fields have been awarded.

    Highlighting the potential in unconventional hydrocarbon sources, Shri Puri elaborated on India’s Coal Bed Methane (CBM) assets, currently estimated at 2,600 BCM. With 15 active CBM blocks—five already under production—the Government is preparing to launch a Special CBM 2025 Round to offer three new blocks (two in West Bengal and one in Gujarat), further diversifying India’s energy portfolio.

    In a major legislative update, the Minister announced that the amended Oilfields (Regulation and Development) Act, 1948 (ORDA), will come into effect in April 15, 2025. This “landmark reform” modernizes India’s upstream regulatory framework and aligns it with international best practices.

    The Government has also been responsive to industry concerns through the establishment of a Joint Working Group (JWG) comprising private E&P operators, National Oil Companies, the Ministry of Petroleum and Natural Gas, and the Directorate General of Hydrocarbons. “The JWG has submitted its report, and we are formally launching it this evening,” Shri Puri announced.

    In a move towards inclusive governance and legal clarity, the Minister also launched the draft PNG Rules Public Consultation Portal, encouraging industry and public stakeholders to share feedback. These rules will help shape future Model Revenue Sharing Contracts and streamline sectoral regulations.

    ***

    MONIKA

    (Release ID: 2121952) Visitor Counter : 40

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: IREDA Reports Highest Ever PAT of ₹1,699 Crore for FY 2024-25, First Company in the NBFC and Banking Sector to Announce Audited Results

    Source: Government of India

    Posted On: 15 APR 2025 7:53PM by PIB Delhi

    Indian Renewable Energy Development Agency Ltd. (IREDA) has announced its Audited Standalone and Consolidated financial results for the Quarter and Year ended March 31, 2025, showcasing significant growth across key financial metrics. The company reported its highest ever Annual Profit After Tax of ₹1,699 crore. As the nation’s largest pure-play Green Financing NBFC, IREDA has once again set industry standards by publishing its Audited Financial Results within just 15-days. This milestone positions IREDA as the first company in the NBFC and Banking Sector, and the first PSU, to publish Audited Financial Results in just 15-days.

    The Board of Directors of IREDA, during a meeting held today, acknowledged the company’s outstanding performance and approved the Audited Standalone and Consolidated financial results for the Quarter and Year ended March 31, 2025.

    Key Financial Highlights (Standalone) – Q4 FY2024-25 vs Q4 FY2023-24:

    • Profit After Tax (PAT): ₹502 crore (↑49%)
    • Profit Before Tax (PBT): ₹630 crore (↑31%)
    • Revenue from Operations: ₹1,904 crore (↑37%)
    • Net Worth: ₹10,266 crore (↑20%)
    • Loan Book: ₹76,281 crore (↑28%)

    Key Financial Highlights (Standalone) – FY2024-25 vs FY2023-24:

    • Profit After Tax (PAT): ₹1,699 crore (↑36%)
    • Profit Before Tax (PBT): ₹2,104 crore (↑25%)
    • Revenue from Operations: ₹6,742 crore (↑36 %)
    • Net Worth: ₹10,266 crore (↑20%)
    • Loan Book: ₹76,282 crore (↑28%)

    Commenting on the results, Shri Pradip Kumar Das, CMD, IREDA, said, “IREDA’s sustained growth in revenue, profitability, and loan book underscores our strategic focus towards financing India’s renewable energy ambitions. We remain committed to being the enabler of India’s green energy transition through innovative financial solutions and strategic partnerships.”

    Shri Das also expressed his appreciation for Team IREDA for their unwavering dedication and excellence in achieving these milestones. He further extended his gratitude to Shri Pralhad Joshi, Hon’ble Union Minister of New & Renewable Energy, Consumer Affairs and Food & Public Distribution; Shri Shripad Naik, Hon’ble Minister of State for Power and New & Renewable Energy; Ms. Nidhi Khare, Secretary, MNRE; other senior officials of MNRE and other ministry; and the Board of Directors for their continued support and invaluable guidance.

    **********

     

    Navin Sreejith

    (Release ID: 2121943) Visitor Counter : 68

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: The Department of Administrative Reforms and Public Grievances (DARPG) released the 35th Monthly Report on Centralized Public Grievance Redress and Monitoring System (CPGRAMS) of Central Ministries/ Departments performance for the month of March, 2025

    Source: Government of India

    The Department of Administrative Reforms and Public Grievances (DARPG) released the 35th Monthly Report on Centralized Public Grievance Redress and Monitoring System (CPGRAMS) of Central Ministries/ Departments performance for the month of March, 2025

    A total of 1,21,065 Grievances were Redressed by Central Ministries/Departments as of 28th March, 2025

    For the 33rd month in a row, the monthly disposal crossed 1 lakh cases in the Central Secretariat

    Department of Telecommunications, Department of Posts, and Central Board of Indirect Taxes and Customs topped in Group A category in the rankings released for the month of March, 2025

    Ministry of Parliamentary Affairs, Ministry of Tribal Affairs and Department of Heavy Industry topped in Group B category in the rankings released for the month of March, 2025

    Posted On: 15 APR 2025 7:45PM by PIB Delhi

    The Department of Administrative Reforms and Public Grievances (DARPG) released the Centralized Public Grievance Redress and Monitoring System (CPGRAMS) monthly report for March 2025, which provides a detailed analysis of types and categories of public grievances and the nature of disposal. This is the 33rdreport on Central Ministries/Departments published by DARPG.

    A total of 1,21,065 grievances were Redressed by Central Ministries/Departments as of 28th March, 2025. The Average Grievance Disposal Time in the Central Ministries/Departments from 1st March to 28th March, 2025 is 16 days. These reports are part of the 10-step CPGRAMS reform process which was adopted by DARPG to improve the quality of disposal and reduce the timelines.

    The report provides the data for new users registered through the CPGRAMS Portal in the month of March, 2025. A total of 49,912 new users registered by 28th March, 2025, with maximum registrations from Uttar Pradesh (7,602) registrations.

    The said report also provides the state-wise analysis on the grievances registered through Common Service Centres as of 28th March, 2025. CPGRAMS has been integrated with the Common Service Centre (CSC) portal and is available at more than 5 lakh CSCs, associating with 2.5 lakh Village Level Entrepreneurs (VLEs). 7,150 grievances were registered through CSCs by 28th March, 2025. It also highlights the major issues/categories for which the maximum grievances were registered through CSCs.

    The following are the Key Highlights of the DARPG’s monthly CPGRAMS report for March 2025 for Central Ministries/ Departments:

    1. PG Cases:
    • As of 28th March 2025, 1,16,970 PG cases were received on the CPGRAMS portal, 1,21,065 PG cases were redressed and there exists a pendency of 57,456 PG cases.
    1. PG Appeals:
    • As of 28th March 2025, 24,478 appeals were received and 21,400 appeals were disposed
    • The Central Secretariat has a pendency of 25,488 PG Appeals for the period 1st March 2025 to 28th March, 2025.
    1. Grievance Redressal Assessment and Index (GRAI) – till 28th March, 2025
    • Department of Telecommunications, Department of Posts, and Central Board of Indirect Taxes and Customs are amongst the top performers in the Grievance Redressal Assessment & Index within the Group A (more than equal to 500 grievances) as of 28th March, 2025.
    • Ministry of Parliamentary Affairs, Ministry of Tribal Affairs and Department of Heavy Industry are amongst the top performers in Grievance Redressal Assessment & Index within the Group B (less than 500 grievances) as of 28th March, 2025.

    The report also features 4 success stories of effective grievance resolution from Central Ministries/Departments:

    1. Grievance of Shri Prakash Kumar Agarwal – Delay in PF Withdrawal Claim

    Shri Prakash Kumar Agarwal faced delays in the processing of his PF withdrawal claim (Form 19) despite fulfilling all requirements. Having worked for over 12 years, he submitted his application, ensuring TDS exemption as per regulations. After repeated documentation requests over six months, he filed a grievance on the CPGRAMS Portal. Following that, concerned authorities processed his claim promptly, and the final PF settlement of ₹35,31,303/- was issued, resolving the matter within the same day.

    1. Grievance of Shri Vishal Verma – Non-Receipt of LPG Subsidy

    Shri Vishal Verma, holding an HP Gas LPG connection registered in the name of Ms. Anita Verma, faced subsidy non-receipt issues for several months. Upon inquiry at the LPG office, he was informed that his Aadhaar was not linked with NPCI, and he was advised to contact his bank. However, the bank confirmed that the Aadhaar was correctly linked with NPCI. Seeking a resolution, he filed a grievance on the CPGRAMS Portal. After verification by concerned authority, the subsidy was transferred to Ms. Anita Verma’s account.

    1. Grievance of Shri Souptik Sarkar – NFSC Fellowship Disbursement Delay

    Shri Souptik Sarkar, a Ph.D. student at Bidhan Chandra Krishi Viswavidyalaya, faced difficulties in linking his account for the National Fellowship for Scheduled Castes (NFSC) under the UGC NET December session. Despite completing all formalities on the Canara Bank Scholarship Portal, his request was repeatedly rejected due to subject classification issues. Seeking resolution, he filed a grievance on the CPGRAMS Portal. In response, the authorities reviewed the case, and linking request under the NFSC scheme was approved based on an explanation from the Registrar of Bidhan Chandra Krishi Vishwavidyalaya.

    1. Grievance of Smt. Bhumika Naresh Gaikwad – National Overseas Scholarship Processing Delay

    Smt. Bhumika Naresh Gaikwad, selected under the National Overseas Scholarship (NOS) 2024 for a Master of Commerce (Extension) at the University of Sydney, faced delays in receiving her final award letter. Despite completing all formalities, including income and caste verification, she awaited confirmation for months, leading to uncertainty and the need to defer her university intake. With no clear response from the NOS office, she filed a grievance on the CPGRAMS Portal. Following this, the concerned authority issued her final award letter, ensuring she could proceed without further disruptions. The grievance was promptly resolved within just three days of filing.

    *****

    NKR/PSM

    (Release ID: 2121941) Visitor Counter : 15

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL,

    Source: Government of India

    Ministry of Statistics & Programme Implementation

    CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL,

    URBAN AND COMBINED FOR THE MONTH OF MARCH, 2025

    Posted On: 15 APR 2025 4:00PM by PIB Delhi

    I. Key highlights:

    1. Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of March, 2025 over March, 2024 is 3.34% (Provisional). There is a decline of 27 basis points in headline inflation of March, 2025 in comparison to February, 2025. It is the lowest year-on-year inflation after August, 2019.
    1. Food Inflation: Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of March, 2025 over March, 2024 is 2.69% (Provisional). Corresponding inflation rate for rural and urban are 2.82% and 2.48%, respectively. All India inflation rates for CPI (General) and CFPI over the last 13 months are shown below. A sharp decline of 106 basis point is observed in food inflation in March, 2025 in comparison to February, 2025. The food inflation in March, 2025 is the lowest after November, 2021.
    1. The significant decline in headline inflation and food inflation during the month of March, 2025 is mainly attributed to decline in inflation of Vegetables, Eggs, Pulses & products, Meat & fish, Cereals & Products and Milk & products.
    2. Rural Inflation: Sharp decline in headline and food inflation in rural sector observed in March, 2025. The headline inflation is 3.25% (provisional) in March, 2025 while the same was 3.79% in February, 2025. The CFPI based food inflation in rural sector is observed as 2.82% in March, 2025 in comparison to 4.06% in February, 2025.
    3. Urban Inflation: Marginal increase from 3.32% in February, 2025 to 3.43% (Provisional) in March, 2025 is observed in headline inflation of urban sector. However, significant decline is observed in food inflation from 3.15% in February, 2025 to 2.48% in March, 2025.
    4. Housing Inflation: Year-on-year Housing inflation rate for the month of March, 2025 is 3.03%. Corresponding inflation rate for the month of February, 2025 was 2.91%. The housing index is compiled for urban sector only.
    5. Fuel & light: Year-on-year Fuel & light inflation rate for the month of March, 2025 is 1.48%. Corresponding inflation rate for the month of February, 2025 was -1.33%. It is the combined inflation rate for both rural and urban sector.
    6. Education Inflation: Year-on-year Education inflation rate for the month of March, 2025 is 3.98%.  The inflation rate observed in the month of February, 2025 was 3.83%. It is the combined education inflation for both rural and urban sector.
    7. Health Inflation: Year-on-year Health inflation rate for the month of March, 2025 is 4.26%. Corresponding inflation rate for the month of February, 2025 was 4.12%.  It is the combined health inflation for both rural and urban sector.
    8. Transport & Communication: Year-on-year Transport & communication inflation rate for the month of March, 2025 is 3.30%. Corresponding inflation rate for the month of February, 2025 was 2.93%. It is combined inflation rate for both rural and urban sector.
    9. Top five items with highest inflation: The top five items showing highest year on year Inflation at All India level in March, 2025 are coconut oil (56.81%), coconut (42.05%), gold (34.09%), silver (31.57%) and grapes (25.55%)
    10. Top five items with lowest inflation: The key items having lowest year on year inflation in March, 2025 are ginger (-38.11%), tomato (-34.96%), cauliflower (-25.99%), jeera (-25.86%) and garlic (-25.22%). For other data related to All India Item Index and Inflation, please visit the website www.cpi.mospi.gov.in.
    11. Top five major states with high Year on Year inflation for the month of March, 2025 are shown in the graph below.

     

    1. All India Inflation rates (on point to point basis i.e. current month March, 2025 viz-a-viz last Month, i.e. February, 2025 and over same month of last year i.e. March, 2024), based on General Indices and CFPIs are given as follows:

     

    All India year-on-year inflation rates (%) based on CPI (General) and CFPI: March, 2025 over

    March, 2024

     

    March, 2025 (Prov.)

    February, 2025 (Final)

    March, 2024

    Rural

    Urban

    Combd.

    Rural

    Urban

    Combd.

    Rural

    Urban

    Combd.

    Inflation

    CPI (General)

    3.25

    3.43

    3.34

    3.79

    3.32

    3.61

    5.51

    4.14

    4.85

    CFPI

    2.82

    2.48

    2.69

    4.06

    3.15

    3.75

    8.55

    8.41

    8.52

    Index

    CPI (General)

    193.9

    189.9

    192.0

    194.5

    190.1

    192.5

    187.8

    183.6

    185.8

    CFPI

    193.1

    198.2

    194.9

    194.8

    199.8

    196.6

    187.8

    193.4

    189.8

                          Notes: Prov.  – Provisional, Combd. – Combined

     

    1.  Monthly changes in the General Indices and CFPIs are given below:

         Monthly changes (%) in All India CPI (General) and CFPI: March, 2025 over February, 2025

    Indices

    March 2025 (Prov.)

    February, 2025 (Final)

    Monthly change (%)

    Rural

    Urban

    Combd.

    Rural

    Urban

    Combd.

    Rural

    Urban

    Combd.

    CPI (General)

    193.9

    189.9

    192.0

    194.5

    190.1

    192.5

    -0.31

    -0.11

    -0.26

    CFPI

    193.1

    198.2

    194.9

    194.8

    199.8

    196.6

    -0.87

    -0.80

    -0.86

                                  Notes: Prov.  – Provisional, Combd. – Combined

     

    1. Response rate: The price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of March, 2025, NSO collected prices from 100% villages and 98.6% urban markets while the market-wise prices reported therein were 89.8% for rural and 92.6% for urban.
    2. Next date of release for April, 2025 CPI is 12th May, 2025 (Monday). For more details, please visit the website www.cpi.mospi.gov.in or esankhyiki.mospi.gov.in

     

    List of Annex

    Annex

    Title

    I

    All-India General, Group and Sub-group level CPI and CFPI numbers for February, 2025 (Final) and March, 2025 (Provisional) for Rural, Urban and Combined (Annexure I)

    II

    All-India inflation rates (%) for General, Group and Sub-group level CPI and CFPI numbers for March, 2025 (Provisional) for Rural, Urban and Combined (Annexure II)

    III

    General CPI for States for Rural, Urban and Combined for February, 2025 (Final) and March, 2025 (Provisional) (Annexure III)

    IV

    Year-on-year inflation rates (%) of major States for Rural, Urban and Combined for March, 2025 (Provisional) (Annexure IV)

    V

     Time Series Data for All India General CPI (Base 2012 =100) Since January, 2013 (Annexure V)

    VI

                                                                                                     

    Annexure- I

    All-India General, Group and Sub-group level CPI and CFPI numbers for February, 2025 (Final) and March, 2025 (Provisional) for Rural, Urban and Combined (Base: 2012=100)

    Group Code

    Sub-group Code

    Description

    Rural

    Urban

    Combined

     

    Weights

    Feb. 25 Index
    (Final)

    Mar. 25 Index
    (Prov.)

    Weights

    Feb. 25 Index
    (Final)

    Mar. 25 Index
    (Prov.)

    Weights

    Feb. 25 Index
    (Final)

    Mar. 25 Index
    (Prov.)

     

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    (7)

    (8)

    (9)

    (10)

    (11)

    (12)

     

     

    1.1.01

    Cereals and products

    12.35

    200.6

    200.8

    6.59

    198.6

    198.9

    9.67

    200.0

    200.2

     

     

    1.1.02

    Meat and fish

    4.38

    219.1

    218.1

    2.73

    229.0

    228.3

    3.61

    222.6

    221.7

     

     

    1.1.03

    Egg

    0.49

    194.9

    185.3

    0.36

    200.0

    190.3

    0.43

    196.9

    187.2

     

     

    1.1.04

    Milk and products

    7.72

    187.6

    187.9

    5.33

    188.4

    188.3

    6.61

    187.9

    188.0

     

     

    1.1.05

    Oils and fats

    4.21

    188.9

    189.7

    2.81

    176.0

    177.4

    3.56

    184.2

    185.2

     

     

    1.1.06

    Fruits

    2.88

    195.1

    201.6

    2.90

    198.7

    204.7

    2.89

    196.8

    203.0

     

     

    1.1.07

    Vegetables

    7.46

    181.2

    171.0

    4.41

    216.8

    204.3

    6.04

    193.3

    182.3

     

     

    1.1.08

    Pulses and products

    2.95

    200.2

    194.3

    1.73

    205.1

    199.3

    2.38

    201.9

    196.0

     

     

    1.1.09

    Sugar and Confectionery

    1.70

    131.4

    133.1

    0.97

    133.8

    135.0

    1.36

    132.2

    133.7

     

     

    1.1.10

    Spices

    3.11

    224.8

    222.9

    1.79

    222.1

    220.5

    2.50

    223.9

    222.1

     

     

    1.2.11

    Non-alcoholic beverages

    1.37

    188.3

    188.9

    1.13

    177.3

    178.0

    1.26

    183.7

    184.3

     

     

    1.1.12

    Prepared meals, snacks, sweets etc.

    5.56

    202.4

    202.9

    5.54

    214.0

    214.9

    5.55

    207.8

    208.5

     

    1

     

    Food and beverages

    54.18

    195.4

    194.0

    36.29

    201.3

    200.1

    45.86

    197.6

    196.2

     

    2

     

    Pan, tobacco and intoxicants

    3.26

    209.0

    209.7

    1.36

    213.4

    213.8

    2.38

    210.2

    210.8

     

     

    3.1.01

    Clothing

    6.32

    200.7

    201.0

    4.72

    190.8

    191.2

    5.58

    196.8

    197.1

     

     

    3.1.02

    Footwear

    1.04

    194.1

    194.3

    0.85

    176.2

    176.7

    0.95

    186.7

    187.0

     

    3

     

    Clothing and footwear

    7.36

    199.8

    200.0

    5.57

    188.6

    189.0

    6.53

    195.4

    195.6

     

    4

     

    Housing

    –

    –

    –

    21.67

    183.7

    183.6

    10.07

    183.7

    183.6

     

    5

     

    Fuel and light

    7.94

    182.8

    182.7

    5.58

    171.0

    171.3

    6.84

    178.3

    178.4

     

     

    6.1.01

    Household goods and services

    3.75

    187.7

    187.3

    3.87

    179.1

    179.6

    3.80

    183.6

    183.7

     

     

    6.1.02

    Health

    6.83

    201.6

    202.4

    4.81

    196.3

    197.4

    5.89

    199.6

    200.5

     

     

    6.1.03

    Transport and communication

    7.60

    177.7

    178.1

    9.73

    166.6

    166.9

    8.59

    171.9

    172.2

     

     

    6.1.04

    Recreation and amusement

    1.37

    181.9

    181.1

    2.04

    177.3

    177.7

    1.68

    179.3

    179.2

     

     

    6.1.05

    Education

    3.46

    192.6

    193.1

    5.62

    188.2

    188.6

    4.46

    190.0

    190.5

     

     

    6.1.06

    Personal care and effects

    4.25

    214.2

    216.8

    3.47

    216.3

    219.2

    3.89

    215.1

    217.8

     

    6

     

    Miscellaneous

    27.26

    192.9

    193.5

    29.53

    183.8

    184.6

    28.32

    188.5

    189.2

     

    General Index (All Groups)

    100.00

    194.5

    193.9

    100.00

    190.1

    189.9

    100.00

    192.5

    192.0

     

     

    Consumer Food Price Index (CFPI)

    47.25

    194.8

    193.1

    29.62

    199.8

    198.2

    39.06

    196.6

    194.9

     

     

     

    Notes:

    1. Prov.       : Provisional.
    2. CFPI        : Out of 12 sub-groups contained in ‘Food and Beverages’ group, CFPI is based on ten sub-groups, excluding ‘Non-alcoholic beverages’ and ‘Prepared meals, snacks, sweets etc.’.
    1. –   : CPI (Rural) for housing is not compiled.

    Annexure- II

     

    All-India year-on-year inflation rates (%) for General, Group and Sub-group level CPI and CFPI numbers for March, 2025 (Provisional) for Rural, Urban and Combined (Base: 2012=100)

     

    Group Code

    Sub-group Code

    Description

    Rural

    Urban

    Combined

     

    Mar. 24 Index
    (Final)

    Mar. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

    Mar. 24 Index
    (Final)

    Mar. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

    Mar. 24 Index
    (Final)

    Mar. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

     

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    (7)

    (8)

    (9)

    (10)

    (11)

    (12)

     
     

    1.1.01

    Cereals and products

    189.3

    200.8

    6.08

    188.5

    198.9

    5.52

    189.0

    200.2

    5.93

     
     

    1.1.02

    Meat and fish

    217.9

    218.1

    0.09

    226.7

    228.3

    0.71

    221.0

    221.7

    0.32

     
     

    1.1.03

    Egg

    192.7

    185.3

    -3.84

    194.3

    190.3

    -2.06

    193.3

    187.2

    -3.16

     
     

    1.1.04

    Milk and products

    183.2

    187.9

    2.57

    183.6

    188.3

    2.56

    183.3

    188.0

    2.56

     
     

    1.1.05

    Oils and fats

    160.2

    189.7

    18.41

    154.7

    177.4

    14.67

    158.2

    185.2

    17.07

     
     

    1.1.06

    Fruits

    172.8

    201.6

    16.67

    176.7

    204.7

    15.85

    174.6

    203.0

    16.27

     
     

    1.1.07

    Vegetables

    182.5

    171.0

    -6.30

    222.6

    204.3

    -8.22

    196.1

    182.3

    -7.04

     
     

    1.1.08

    Pulses and products

    199.7

    194.3

    -2.70

    205.0

    199.3

    -2.78

    201.5

    196.0

    -2.73

     
     

    1.1.09

    Sugar and Confectionery

    128.0

    133.1

    3.98

    130.1

    135.0

    3.77

    128.7

    133.7

    3.89

     
     

    1.1.10

    Spices

    236.3

    222.9

    -5.67

    228.2

    220.5

    -3.37

    233.6

    222.1

    -4.92

     
     

    1.2.11

    Non-alcoholic beverages

    182.1

    188.9

    3.73

    170.3

    178.0

    4.52

    177.2

    184.3

    4.01

     
     

    1.1.12

    Prepared meals, snacks, sweets etc.

    195.9

    202.9

    3.57

    204.6

    214.9

    5.03

    199.9

    208.5

    4.30

     

    1

    		  

    Food and beverages

    188.5

    194.0

    2.92

    194.4

    200.1

    2.93

    190.7

    196.2

    2.88

     

    2

    		  

    Pan, tobacco and intoxicants

    204.0

    209.7

    2.79

    210.2

    213.8

    1.71

    205.7

    210.8

    2.48

     
     

    3.1.01

    Clothing

    195.8

    201.0

    2.66

    185.8

    191.2

    2.91

    191.9

    197.1

    2.71

     
     

    3.1.02

    Footwear

    191.1

    194.3

    1.67

    172.3

    176.7

    2.55

    183.3

    187.0

    2.02

     

    3

    		  

    Clothing and footwear

    195.1

    200.0

    2.51

    183.8

    189.0

    2.83

    190.6

    195.6

    2.62

     

    4

    		  

    Housing

    –

    –

    –

    178.2

    183.6

    3.03

    178.2

    183.6

    3.03

     

    5

    		  

    Fuel and light

    181.0

    182.7

    0.94

    167.4

    171.3

    2.33

    175.8

    178.4

    1.48

     
     

    6.1.01

    Household goods and services

    183.3

    187.3

    2.18

    174.0

    179.6

    3.22

    178.9

    183.7

    2.68

     
     

    6.1.02

    Health

    194.3

    202.4

    4.17

    189.1

    197.4

    4.39

    192.3

    200.5

    4.26

     
     

    6.1.03

    Transport and communication

    172.0

    178.1

    3.55

    161.9

    166.9

    3.09

    166.7

    172.2

    3.30

     
     

    6.1.04

    Recreation and amusement

    177.8

    181.1

    1.86

    172.8

    177.7

    2.84

    175.0

    179.2

    2.40

     
     

    6.1.05

    Education

    186.1

    193.1

    3.76

    181.2

    188.6

    4.08

    183.2

    190.5

    3.98

     
     

    6.1.06

    Personal care and effects

    191.3

    216.8

    13.33

    192.8

    219.2

    13.69

    191.9

    217.8

    13.50

     

    6

    		  

    Miscellaneous

    184.2

    193.5

    5.05

    176.0

    184.6

    4.89

    180.2

    189.2

    4.99

     

    General Index (All Groups)

    187.8

    193.9

    3.25

    183.6

    189.9

    3.43

    185.8

    192.0

    3.34

     

     

     

    Consumer Food Price Index

    187.8

    193.1

    2.82

    193.4

    198.2

    2.48

    189.8

    194.9

    2.69

     

     

     

     

     

     

     

     

    Notes:

    1. Prov.       : Provisional.
    2. –               : CPI (Rural) for housing is not compiled.

     

    Annexure- III

     

    General CPI for States for Rural, Urban and Combined for February, 2025 (Final) and March, 2025 (Provisional) (Base: 2012=100)

     

    Sl. No.

    Name of the State/UT

    Rural

    Urban

    Combined

     

    Weights

    Feb. 25 Index
    (Final)

    Mar. 25 Index
    (Prov.)

    Weights

    Feb. 25 Index
    (Final)

    Mar. 25 Index
    (Prov.)

    Weights

    Feb. 25 Index
    (Final)

    Mar. 25 Index
    (Prov.)

     

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    (7)

    (8)

    (9)

    (10)

    (11)

     

    1

    Andhra Pradesh

    5.40

    196.3

    195.7

    3.64

    198.5

    197.9

    4.58

    197.1

    196.5

     

    2

    Arunachal Pradesh

    0.14

    196.9

    196.2

    0.06

    —

    —

    0.10

    196.9

    196.2

     

    3

    Assam

    2.63

    196.8

    195.8

    0.79

    194.4

    194.0

    1.77

    196.3

    195.4

     

    4

    Bihar

    8.21

    187.8

    187.4

    1.62

    197.8

    197.2

    5.14

    189.3

    188.8

     

    5

    Chhattisgarh

    1.68

    186.6

    185.7

    1.22

    181.4

    180.8

    1.46

    184.6

    183.8

     

    6

    Delhi

    0.28

    174.5

    174.2

    5.64

    171.6

    171.8

    2.77

    171.8

    171.9

     

    7

    Goa

    0.14

    184.0

    185.6

    0.25

    182.1

    182.8

    0.19

    182.8

    183.9

     

    8

    Gujarat

    4.54

    189.4

    188.7

    6.82

    178.6

    179.0

    5.60

    183.3

    183.2

     

    9

    Haryana

    3.30

    196.2

    196.1

    3.35

    184.0

    184.6

    3.32

    190.5

    190.7

     

    10

    Himachal Pradesh

    1.03

    180.0

    179.4

    0.26

    184.9

    184.7

    0.67

    180.9

    180.4

     

    11

    Jharkhand

    1.96

    186.2

    185.1

    1.39

    189.6

    189.8

    1.69

    187.5

    186.9

     

    12

    Karnataka

    5.09

    199.1

    198.3

    6.81

    201.0

    201.0

    5.89

    200.1

    199.8

     

    13

    Kerala

    5.50

    207.6

    207.5

    3.46

    201.6

    201.4

    4.55

    205.5

    205.3

     

    14

    Madhya Pradesh

    4.93

    191.5

    191.1

    3.97

    192.4

    192.4

    4.48

    191.9

    191.6

     

    15

    Maharashtra

    8.25

    192.4

    192.0

    18.86

    186.7

    186.6

    13.18

    188.6

    188.4

     

    16

    Manipur

    0.23

    229.5

    227.2

    0.12

    189.2

    188.7

    0.18

    216.7

    215.0

     

    17

    Meghalaya

    0.28

    178.6

    178.2

    0.15

    186.5

    186.0

    0.22

    181.1

    180.6

     

    18

    Mizoram

    0.07

    207.3

    207.1

    0.13

    181.5

    181.9

    0.10

    191.6

    191.7

     

    19

    Nagaland

    0.14

    202.4

    201.5

    0.12

    184.4

    184.3

    0.13

    194.7

    194.2

     

    20

    Odisha

    2.93

    196.4

    195.3

    1.31

    186.7

    186.1

    2.18

    193.7

    192.7

     

    21

    Punjab

    3.31

    188.6

    188.8

    3.09

    178.3

    179.3

    3.21

    184.0

    184.5

     

    22

    Rajasthan

    6.63

    190.5

    189.9

    4.23

    188.2

    188.1

    5.51

    189.7

    189.3

     

    23

    Sikkim

    0.06

    203.1

    201.4

    0.03

    188.1

    187.8

    0.05

    198.2

    197.0

     

    24

    Tamil Nadu

    5.55

    202.3

    200.3

    9.20

    199.2

    198.3

    7.25

    200.5

    199.1

     

    25

    Telangana

    3.16

    203.4

    202.2

    4.41

    199.9

    198.5

    3.74

    201.5

    200.2

     

    26

    Tripura

    0.35

    208.5

    209.8

    0.14

    200.0

    199.4

    0.25

    206.3

    207.1

     

    27

    Uttar Pradesh

    14.83

    193.1

    192.8

    9.54

    190.2

    190.2

    12.37

    192.1

    191.9

     

    28

    Uttarakhand

    1.06

    187.2

    187.4

    0.73

    192.3

    192.7

    0.91

    189.1

    189.4

     

    29

    West Bengal

    6.99

    196.8

    196.5

    7.20

    193.8

    193.4

    7.09

    195.4

    195.0

     

    30

    Andaman & Nicobar Islands

    0.05

    200.1

    200.1

    0.07

    188.2

    187.6

    0.06

    194.0

    193.7

     

    31

    Chandigarh

    0.02

    189.9

    190.0

    0.34

    177.5

    177.6

    0.17

    178.2

    178.3

     

    32

    Dadra & Nagar Haveli

    0.02

    178.5

    176.7

    0.04

    186.3

    185.2

    0.03

    183.7

    182.4

     

    33

    Daman & Diu

    0.02

    197.6

    196.9

    0.02

    186.8

    186.4

    0.02

    193.1

    192.5

     

    34

    Jammu & Kashmir*

    1.14

    204.7

    205.4

    0.72

    197.7

    197.7

    0.94

    202.2

    202.7

     

    35

    Lakshadweep

    0.01

    198.3

    197.9

    0.01

    188.1

    189.6

    0.01

    193.1

    193.7

     

    36

    Puducherry

    0.08

    206.6

    203.9

    0.27

    197.6

    196.5

    0.17

    199.9

    198.4

     

    All India

    100.00

    194.5

    193.9

    100.00

    190.1

    189.9

    100.00

    192.5

    192.0

     

    Notes:

    1. Prov.:  Provisional
    2. –:  indicates the receipt of price schedules is less than 80% of allocated schedules and therefore indices are not compiled.
    3. *: Figures of this row pertain to the prices and weights of the combined Union Territories of Jammu & Kashmir

    and Ladakh (erstwhile State of Jammu & Kashmir).

     

    Annexure- IV

     

    Year-on-year inflation rates (%) of major@ States for Rural, Urban and Combined for March, 2025 (Provisional) (Base: 2012=100)

    Sl. No.

    Name of the State/UT

    Rural

    Urban

    Combined

     

    Mar. 24 Index
    (Final)

    Mar. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

    Mar. 24 Index
    (Final)

    Mar. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

    Mar. 24 Index
    (Final)

    Mar. 25

    Index
    (Prov.)

    Inflation Rate
    (%)

     

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    (7)

    (8)

    (9)

    (10)

    (11)

     

    1

    Andhra Pradesh

    191.6

    195.7

    2.14

    191.9

    197.9

    3.13

    191.7

    196.5

    2.50

     

    2

    Assam

    189.4

    195.8

    3.38

    184.8

    194.0

    4.98

    188.5

    195.4

    3.66

     

    3

    Bihar

    182.2

    187.4

    2.85

    188.7

    197.2

    4.50

    183.1

    188.8

    3.11

     

    4

    Chhattisgarh

    177.4

    185.7

    4.68

    174.5

    180.8

    3.61

    176.3

    183.8

    4.25

     

    5

    Delhi

    169.6

    174.2

    2.71

    169.4

    171.8

    1.42

    169.4

    171.9

    1.48

     

    6

    Gujarat

    183.9

    188.7

    2.61

    174.3

    179.0

    2.70

    178.5

    183.2

    2.63

     

    7

    Haryana

    188.9

    196.1

    3.81

    177.8

    184.6

    3.82

    183.7

    190.7

    3.81

     

    8

    Himachal Pradesh

    173.9

    179.4

    3.16

    178.7

    184.7

    3.36

    174.8

    180.4

    3.20

     

    9

    Jharkhand

    182.5

    185.1

    1.42

    184.0

    189.8

    3.15

    183.1

    186.9

    2.08

     

    10

    Karnataka

    190.5

    198.3

    4.09

    191.9

    201.0

    4.74

    191.3

    199.8

    4.44

     

    11

    Kerala

    193.4

    207.5

    7.29

    191.1

    201.4

    5.39

    192.6

    205.3

    6.59

     

    12

    Madhya Pradesh

    184.7

    191.1

    3.47

    187.4

    192.4

    2.67

    185.8

    191.6

    3.12

     

    13

    Maharashtra

    186.3

    192.0

    3.06

    179.0

    186.6

    4.25

    181.4

    188.4

    3.86

     

    14

    Odisha

    188.8

    195.3

    3.44

    181.3

    186.1

    2.65

    186.7

    192.7

    3.21

     

    15

    Punjab

    181.4

    188.8

    4.08

    173.8

    179.3

    3.16

    178.0

    184.5

    3.65

     

    16

    Rajasthan

    184.9

    189.9

    2.70

    183.6

    188.1

    2.45

    184.4

    189.3

    2.66

     

    17

    Tamil Nadu

    193.3

    200.3

    3.62

    190.9

    198.3

    3.88

    191.9

    199.1

    3.75

     

    18

    Telangana

    201.8

    202.2

    0.20

    195.0

    198.5

    1.79

    198.1

    200.2

    1.06

     

    19

    Uttar Pradesh

    187.2

    192.8

    2.99

    184.8

    190.2

    2.92

    186.3

    191.9

    3.01

     

    20

    Uttarakhand

    181.9

    187.4

    3.02

    183.6

    192.7

    4.96

    182.5

    189.4

    3.78

     

    21

    West Bengal

    190.5

    196.5

    3.15

    187.3

    193.4

    3.26

    189.0

    195.0

    3.17

     

    22

    Jammu & Kashmir*

    196.8

    205.4

    4.37

    191.4

    197.7

    3.29

    194.9

    202.7

    4.00

     

    All India

    187.8

    193.9

    3.25

    183.6

    189.9

    3.43

    185.8

    192.0

    3.34

     

    Notes:

    1. Prov.     :  Provisional.
    2. *               : Figures of this row pertain to the prices and weights of the combined Union Territories of Jammu &                            Kashmir and Ladakh (erstwhile State of Jammu & Kashmir).
    3. @               : States having population more than 50 lakhs as per Population Census 2011.

     

    Annexure-V

    Time Series Data for All India General CPI (Base 2012 =100) Since January, 2013

     

    Year

    Jan

    Feb

    Mar

    Apr

    May

    Jun

    Jul

    Aug

    Sep

    Oct

    Nov

    Dec

    2013

    104.6

    105.3

    105.5

    106.1

    106.9

    109.3

    111.0

    112.4

    113.7

    114.8

    116.3

    114.5

    2014

    113.6

    113.6

    114.2

    115.1

    115.8

    116.7

    119.2

    120.3

    120.1

    120.1

    120.1

    119.4

    2015

    119.5

    119.7

    120.2

    120.7

    121.6

    123.0

    123.6

    124.8

    125.4

    126.1

    126.6

    126.1

    2016

    126.3

    126.0

    126.0

    127.3

    128.6

    130.1

    131.1

    131.1

    130.9

    131.4

    131.2

    130.4

    2017

    130.3

    130.6

    130.9

    131.1

    131.4

    132.0

    134.2

    135.4

    135.2

    136.1

    137.6

    137.2

    2018

    136.9

    136.4

    136.5

    137.1

    137.8

    138.5

    139.8

    140.4

    140.2

    140.7

    140.8

    140.1

    2019

    139.6

    139.9

    140.4

    141.2

    142.0

    142.9

    144.2

    145.0

    145.8

    147.2

    148.6

    150.4

    2020

    150.2

    149.1

    148.6

    151.4

    150.9

    151.8

    153.9

    154.7

    156.4

    158.4

    158.9

    157.3

    2021

    156.3

    156.6

    156.8

    157.8

    160.4

    161.3

    162.5

    162.9

    163.2

    165.5

    166.7

    166.2

    2022

    165.7

    166.1

    167.7

    170.1

    171.7

    172.6

    173.4

    174.3

    175.3

    176.7

    176.5

    175.7

    2023

    176.5

    176.8

    177.2

    178.1

    179.1

    181.0

    186.3

    186.2

    184.1

    185.3

    186.3

    185.7

    2024

    185.5

    185.8

    185.8

    186.7

    187.7

    190.2

    193.0

    193.0

    194.2

    196.8

    196.5

    195.4

    2025

    193.4

    192.5

    192.0*

    		                  

     

    Notes:

    1. * : Index Value for March 2025  is  Provisional.

     

    Annexure-VI

    Year

    Jan

    Feb

    Mar

    Apr

    May

    Jun

    Jul

    Aug

    Sep

    Oct

    Nov

    Dec

    2014

    8.60

    7.88

    8.25

    8.48

    8.33

    6.77

    7.39

    7.03

    5.63

    4.62

    3.27

    4.28

    2015

    5.19

    5.37

    5.25

    4.87

    5.01

    5.40

    3.69

    3.74

    4.41

    5.00

    5.41

    5.61

    2016

    5.69

    5.26

    4.83

    5.47

    5.76

    5.77

    6.07

    5.05

    4.39

    4.20

    3.63

    3.41

    2017

    3.17

    3.65

    3.89

    2.99

    2.18

    1.46

    2.36

    3.28

    3.28

    3.58

    4.88

    5.21

    2018

    5.07

    4.44

    4.28

    4.58

    4.87

    4.92

    4.17

    3.69

    3.70

    3.38

    2.33

    2.11

    2019

    1.97

    2.57

    2.86

    2.99

    3.05

    3.18

    3.15

    3.28

    3.99

    4.62

    5.54

    7.35

    2020

    7.59

    6.58

    5.84

    –

    –

    6.23

    6.73

    6.69

    7.27

    7.61

    6.93

    4.59

    2021

    4.06

    5.03

    5.52

    4.23

    6.30

    6.26

    5.59

    5.30

    4.35

    4.48

    4.91

    5.66

    2022

    6.01

    6.07

    6.95

    7.79

    7.04

    7.01

    6.71

    7.00

    7.41

    6.77

    5.88

    5.72

    2023

    6.52

    6.44

    5.66

    4.70

    4.31

    4.87

    7.44

    6.83

    5.02

    4.87

    5.55

    5.69

    2024

    5.10

    5.09

    4.85

    4.83

    4.80

    5.08

    3.60

    3.65

    5.49

    6.21

    5.48

    5.22

    2025

    4.26

    3.61

    3.34*

    		                  

     

    Notes:

    1. * : Inflation Value for March  2025  is Provisional.
    2. – : Inflation was not compiled and released due to Covid-19 pandemic outbreak. 

    Click here to see PDF.

    ****

    Samrat

    (Release ID: 2121843)

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Annual Energy Outlook 2025

    Source: US Energy Information Administration

    Introduction

    The Annual Energy Outlook 2025 (AEO2025) explores potential long-term energy trends in the United States. AEO2025 is published in accordance with Section 205c of the Department of Energy Organization Act of 1977 (Public Law 95-91), which requires the Administrator of the U.S. Energy Information Administration (EIA) to prepare an annual report that contains trends and projections of energy consumption and supply. These projections are used by federal, state, and local governments; industry; trade associations; and other planners and decisionmakers in the public and private sectors.

    We prepared the AEO by using the National Energy Modeling System (NEMS) to project a set of scenarios that, taken together, represent a range of outcomes for the U.S. energy system. AEO2025 represents the culmination of a year-long effort that enabled major upgrades to NEMS.

    Our policy assumptions are central to understanding our AEO2025 projections. In most of the cases we model, we only consider laws and regulations implemented as of December 2024. As is the case every time we prepare an AEO, a cutoff date is necessary to enable us to conclude our modeling and integrate the final results for publication. Therefore, legislation, regulations, executive actions, and court rulings after that date are not included. We are releasing the model results without a lengthy market analysis this year.

    The U.S. energy system underwent major changes in the first quarter of the 21st century as oil and natural gas production surged, renewables were deployed more widely, and energy consumption patterns changed. AEO2025 can help stakeholders examine the ways in which the system could further change through 2050.

    Energy markets are complex. Energy models are simplified representations of energy production and consumption, laws and regulations, and producer and consumer behavior. Projections are highly dependent on the data, methodologies, model structures, and assumptions used in their development. These results are not predictions of what will happen. Instead, AEO2025 results represent modeled projections of what could happen given certain assumptions and methodologies.

    Consistent with our historical practices and statutory mission, we do not independently propose or advocate future legislative and regulatory changes, although at times we do analyze scenarios based on existing policy proposals. Our assumptions documents provide additional details on the assumptions we included in AEO2025, and an overview of the laws and regulations included in AEO2025 is available on the AEO website.

    AEO2025’s projections reflect business-as-usual trends, given known technological and demographic trends and current laws and regulations, and so provides a policy-neutral Reference case and an accompanying set of core side cases that can be used to analyze policy initiatives. For some readers, this approach may be unsatisfying because policy rarely remains static for long periods. But the purpose of basing projections on laws and regulations as of December 2024 is to provide a comparison point for further analysis; without such a reference point, critical information about incremental changes to energy system outcomes based on new assumptions is lost.

    Because policies can have meaningful impacts on the energy sector, we have also included two alternative policy cases this year to help stakeholders to examine the effects of regulations implemented since our last AEO. When compared with the Reference case, one case allows stakeholders to examine the effects of recent regulations on power plants and the other recent regulations targeting vehicle fuel economy and emissions.

    Modeled Cases

    Outcomes concerning future technology, demographics, and resources cannot be known with any degree of certainty. We address many key uncertainties in our projections through alternative cases. In AEO2025, we ran 11 cases to model a range of assumptions. In addition to the two alternative policy cases we examined this year, we also include eight core side cases, which we have presented in prior releases of the AEO. A detailed explanation of each case is available on the website, and a brief description is in the following sections.

    AEO2025 Reference case

    Our Reference case assesses how the U.S. energy markets could operate under laws and regulations current as of December 2024 and under historically observed technological growth assumptions.

    Alternative Electricity case

    Our Alternative Electricity case assumes the Clean Air Act (CAA) Section 111 rule implemented by the Environmental Protection Agency (EPA) in April 2024 to regulate carbon dioxide emissions from new gas-fired combustion turbines and existing coal, oil, and gas-fired steam generating units is not in place, and the affected generators are able to operate under rules existing prior to April 2024. In this case, existing coal-fired plants continue operating without requiring modifications to reduce emissions, and generation from new natural gas-fired combined cycle units isn’t constrained based on whether the plant has installed carbon capture equipment.

    Alternative Transportation case

    Our Alternative Transportation case assumes the National Highway Traffic Safety Administration’s Corporate Average Fuel Economy standards and EPA’s vehicle tailpipe emission standards for model years 2027–2032 are not in place. The case also assumes the California Air Resources Board’s zero-emission vehicle sale mandates for trucks issued since our last published AEO are not in place. Rules affecting fuel economy and tailpipe emissions that were issued for model years 2026 and earlier remain in place. In this case, introduction of new electric vehicle (EV) models and building of EV charging infrastructure are based on growth in EV sales and registrations rather than on announced public and private sector plans. In addition, manufacturer reshoring of EV and battery supply chains, including growth in eligibility for credits under the Inflation Reduction Act, is slower than in the Reference case.

    High and Low Oil Price cases

    In the High Oil Price case, the price of Brent crude oil increases to $155 per barrel (b) in 2050, compared with $91/b in the Reference case and $47/b in the Low Oil Price case.

    High and Low Oil and Gas Supply cases

    The High Oil and Gas Supply case assumes ultimate recovery for new tight oil, tight gas, or shale gas wells are 50% higher than in the Reference case. The case also assumes 50% higher undiscovered resources in Alaska and offshore fields. Technological improvement is assumed to be 50% faster. The Low Oil and Gas Supply case assumes the converse.

    High and Low Zero-Carbon Technology Cost cases

    The Low Zero-Carbon Technology Cost case assumes faster cost declines for electricity-generating technologies that produce zero emissions as construction and manufacturing experience grows, resulting in 40% lower costs than in the Reference case in 2050. The High Zero-Carbon Technology Cost case, conversely, assumes no additional cost reductions from learning with additional deployment of these electricity generating technologies.

    High and Low Economic Growth cases

    The High Economic Growth case assumes the compound annual growth rate for U.S. GDP is 2.1% through 2050, and the Low Economic Growth case assumes a 1.2% rate. By contrast, the Reference case assumes the U.S. GDP annual growth rate is 1.8% over the projection period.

    Major changes for AEO2025

    In 2024 we made significant updates to NEMS, and an overview of the changes can be found in our assumptions documents and in the module-specific fact sheets. Briefly, the model that underpins our outlook now includes three new modules:

    • The Hydrogen Market Module, which represents hydrogen production and pricing, including the impacts of policy, storage, and logistics
    • The Carbon Capture, Allocation, Transportation, and Sequestration Module, which allocates projected supply of captured CO2 across the energy system either for enhanced oil recovery or storage
    • The Hydrocarbon Supply Module, which improves the representation of upstream oil and natural gas resources, replacing the legacy NEMS Oil and Gas Supply Module

    In addition to the new modules, we have extensively enhanced many existing modules to better reflect market dynamics and emerging technologies. We will provide additional details in the AEO2025 model documentation in the coming months.

    We have rewritten and modernized significant portions of the NEMS code base. The source code associated with NEMS is now available via GitHub under an open-source license.

    In addition to changes to NEMS, we also updated the way we calculate primary energy consumption of electricity generation from noncombustible renewable energy sources such as solar, wind, hydroelectric, and geothermal. We now calculate consumption of noncombustible renewable energy for electricity generation using the captured energy approach, which applies a constant conversion factor of 3,412 British thermal units per kilowatthour (Btu/kWh), using the heat content of electricity. This approach is a change from our previous methodology, called the fossil fuel equivalency approach, and is consistent with the methodology now used for all EIA products and reports.

    The captured energy approach is more consistent with international energy statistics standards than the fossil fuel equivalency approach.

    MIL OSI USA News –

  • MIL-OSI USA: Helping New Yorkers Stay Cool This Summer

    Source: US State of New York

    overnor Kathy Hochul today announced that applications are open to help low-income New Yorkers stay cool this summer through the Home Energy Assistance Program (HEAP). Overseen by the Office of Temporary and Disability Assistance, the program will pay for an air conditioner for eligible households that include someone who has a documented medical condition exacerbated by extreme heat, or households with young children or older adults.

    “High temperatures and humidity in the summer pose a grave threat to those with certain medical conditions, as well as older adults and young children,” Governor Hochul said. “This assistance is crucial for at-risk New Yorkers, and I encourage those who may be eligible to apply as soon as possible so they can stay cool in their home when the worst of the weather hits. My administration is committed to protecting vulnerable communities and ensuring every New Yorker has the resources they need and deserve to stay safe and healthy year-round.”

    To qualify for federally funded cooling assistance, applicants must meet HEAP eligibility criteria and income thresholds, which vary by household size, and include at least one member of the household who suffers from a medical condition aggravated by extreme heat or is under age 6 or over age 60. For example, a family of four may have a maximum gross monthly income of $6,390 or an annual gross income of $76,681, and still qualify.

    Applications for cooling assistance will be accepted beginning Tuesday, April 15, and funding is expected to be available through the beginning of June. New York State expects to receive its federally obligated funding for this program in the coming weeks to ensure those who qualify for assistance can receive it. Once again, the start date in mid-April will allow those who qualify to have their unit installed before the worst of the summer heat and humidity arrives. Assistance is provided on a first-come, first-served basis.

    The HEAP cooling assistance program covers the cost of an air conditioning unit and installation.

    New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn said, “This program is targeted at those who are at high risk in heat emergencies, but do not have an air conditioner or the means to purchase one. HEAP cooling assistance will help some of our most vulnerable residents to remain safely in their homes during heat emergencies and avoid the health risks posed to them by extreme hot and humid weather.”

    Senator Charles Schumer said, “Every New York family and senior deserves a safe, affordable home with air conditioning to keep themselves and their children cool throughout the summer. I am fighting the Trump administration’s illegal firings of all federal LIHEAP employees to ensure residents in every corner of the Empire State can tap into the federal funds they need to deal with challenging air conditioning costs. I am proud to have turned up the heat on the feds to get them to deliver this emergency assistance to keep families and seniors safe and cool in their homes this summer, and thank Governor Hochul for her work ensuring vulnerable New Yorkers get the resources they need to make ends meet.”

    Representative Paul Tonko said, “I’ve long been a proud supporter of programs that help families afford their home energy needs, and I’m thrilled to celebrate this critical initiative to protect at-risk New Yorkers from dangerous summer heat and humidity. As climate change continues to drive increasingly extreme temperatures, we must continue to invest in solutions like the HEAP cooling assistance program that help seniors, young children, and those with medical conditions stay safe and comfortable in their homes. I’m grateful to Governor Hochul for her leadership in expanding access to these life-saving resources.”

    Representative Grace Meng said, “HEAP helps thousands of New Yorkers stay cool and afford their home energy bills throughout the hot summer months. Hot and humid weather can cause significant health risks, especially among older adults and young children. Thanks to federal funding, which I supported in Congress, this program is providing households experiencing the greatest needs with critical resources to stay cool as temperatures across the East Coast rise over the next few months. I encourage all eligible New Yorkers to apply.”

    Representative Joe Morelle said, “As the Trump Administration continues their draconian cuts to services like the HEAP Program, I’m glad to see New York step up to the plate and do what is needed for our families. I’m grateful to Governor Hochul for her steadfast leadership, and I look forward to continuing our work together to protect and strengthen the resources people need to thrive.”

    State Senator Roxanne J. Persaud said, “HEAP cooling assistance provides eligible individuals and families with an air conditioning unit to avert heat-related illnesses among seniors, children and New Yorkers with medical vulnerabilities. I encourage New Yorkers to apply for this important benefit while it is available.”

    Assemblymember Maritza Davila said, “I commend Governor Hochul and the Office of Temporary and Disability Assistance for prioritizing the well-being of our most vulnerable New Yorkers through the HEAP cooling assistance program. As we continue to experience more frequent and severe heatwaves, access to air conditioning is not a luxury—it is a matter of health and safety, particularly for our seniors, young children, and individuals with medical conditions. This program is a critical step in ensuring that low-income households are not left behind. I urge all eligible New Yorkers to apply as soon as possible.”

    Over the past five years, more than 87,000 households have received cooling assistance totaling more than $67 million.

    Residents outside of New York City may apply by contacting their local department of social services by phone or in person. New York City residents may apply in person at a local Human Resources Administration Benefit Access Center or online at access.nyc.gov.

    MIL OSI USA News –

  • MIL-OSI Economics: EIA projections show U.S. energy consumption decreasing in the near term, increasing after early 2040s

    Source: US Energy Information Administration – EIA

    Headline: EIA projections show U.S. energy consumption decreasing in the near term, increasing after early 2040s

    U.S. ENERGY INFORMATION ADMINISTRATION
    WASHINGTON DC 20585

    FOR IMMEDIATE RELEASE
    April 15, 2025

    U.S. energy consumption decreases in the next several years and doesn’t increase again until the early 2040s through 2050, according to the U.S. Energy Information Administration’s Annual Energy Outlook 2025 (AEO2025). U.S. energy consumption in 2050 is lower than in 2024 in most of the scenarios modeled in AEO2025, but the range of outcomes varies significantly based on the underlying assumptions in the scenarios EIA analyzed.

    AEO2025 explores long-term energy trends in the United States. It relies on a Reference case that assumes laws and regulations in effect as of December 2024 remain in effect through 2050. AEO2025 also includes scenario-based analyses of separate side cases that make various other assumptions about the energy sector:

    • The Alternative Electricity case assumes electric generators can operate under regulations that existed prior to April 2024, when the U.S. Environmental Protection Agency (EPA) implemented a new rule targeting carbon dioxide emissions from new and existing generating units.
    • The Alternative Transportation case assumes recent rules targeting vehicle fuel economy and emissions from the EPA, National Highway Traffic Safety Administration, and the California Air Resource Board are not in place.
    • The High Oil Price case assumes the price of Brent crude oil increases to $155 per barrel (b) in 2050, compared with $91/b in the Reference case and $47/b in the Low Oil Price case.
    • The High Oil and Gas Supply case assumes ultimate recovery for new tight oil, tight gas, or shale gas wells are 50% higher than in the Reference case. The case also assumes 50% higher undiscovered resources in Alaska and offshore fields. Technological improvement is assumed to be 50% faster. The Low Oil and Gas Supply case assumes the converse.
    • The Low Zero-Carbon Technology Cost case assumes faster cost declines for zero-emissions electricity-generating technologies resulting in 40% lower costs in 2050 than in the Reference case. The High Zero-Carbon Technology Cost case assumes no additional cost reductions with additional deployment.
    • The High Economic Growth case assumes the compound annual growth rate for U.S. GDP is 2.1% through 2050, compared with 1.2% in the Low Economic Growth case and 1.8% in the Reference case.

    For AEO2025, EIA significantly updated the model that underpins the results, adding a hydrogen market module; a carbon capture, allocation, transportation, and sequestration module; and an enhanced upstream oil and natural gas resources module. EIA also enhanced many existing modules to better reflect market dynamics and emerging technologies.

    The full Annual Energy Outlook 2025 is available on the EIA website, including full projection tables, a brief narrative, and a detailed description of the assumptions used in each case.

    The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and this press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

    EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

    MIL OSI Economics –

  • MIL-OSI USA: EIA projections show U.S. energy consumption decreasing in the near term, increasing after early 2040s

    Source: US Energy Information Administration

    U.S. ENERGY INFORMATION ADMINISTRATION
    WASHINGTON DC 20585

    FOR IMMEDIATE RELEASE
    April 15, 2025

    U.S. energy consumption decreases in the next several years and doesn’t increase again until the early 2040s through 2050, according to the U.S. Energy Information Administration’s Annual Energy Outlook 2025 (AEO2025). U.S. energy consumption in 2050 is lower than in 2024 in most of the scenarios modeled in AEO2025, but the range of outcomes varies significantly based on the underlying assumptions in the scenarios EIA analyzed.

    AEO2025 explores long-term energy trends in the United States. It relies on a Reference case that assumes laws and regulations in effect as of December 2024 remain in effect through 2050. AEO2025 also includes scenario-based analyses of separate side cases that make various other assumptions about the energy sector:

    • The Alternative Electricity case assumes electric generators can operate under regulations that existed prior to April 2024, when the U.S. Environmental Protection Agency (EPA) implemented a new rule targeting carbon dioxide emissions from new and existing generating units.
    • The Alternative Transportation case assumes recent rules targeting vehicle fuel economy and emissions from the EPA, National Highway Traffic Safety Administration, and the California Air Resource Board are not in place.
    • The High Oil Price case assumes the price of Brent crude oil increases to $155 per barrel (b) in 2050, compared with $91/b in the Reference case and $47/b in the Low Oil Price case.
    • The High Oil and Gas Supply case assumes ultimate recovery for new tight oil, tight gas, or shale gas wells are 50% higher than in the Reference case. The case also assumes 50% higher undiscovered resources in Alaska and offshore fields. Technological improvement is assumed to be 50% faster. The Low Oil and Gas Supply case assumes the converse.
    • The Low Zero-Carbon Technology Cost case assumes faster cost declines for zero-emissions electricity-generating technologies resulting in 40% lower costs in 2050 than in the Reference case. The High Zero-Carbon Technology Cost case assumes no additional cost reductions with additional deployment.
    • The High Economic Growth case assumes the compound annual growth rate for U.S. GDP is 2.1% through 2050, compared with 1.2% in the Low Economic Growth case and 1.8% in the Reference case.

    For AEO2025, EIA significantly updated the model that underpins the results, adding a hydrogen market module; a carbon capture, allocation, transportation, and sequestration module; and an enhanced upstream oil and natural gas resources module. EIA also enhanced many existing modules to better reflect market dynamics and emerging technologies.

    The full Annual Energy Outlook 2025 is available on the EIA website, including full projection tables, a brief narrative, and a detailed description of the assumptions used in each case.

    The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and this press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

    EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

    MIL OSI USA News –

  • MIL-OSI: Pythian Doubles Down on AI-Readiness, Expanding AI Practice with Valuable Services and Expertise

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, April 15, 2025 (GLOBE NEWSWIRE) — Pythian Services Inc. (“Pythian”), a leading global services company specializing in data, analytics, and AI solutions, is introducing a new AI Readiness Workshop and two new AI thought leaders to the Pythian team. Shishir Suresh will join Pythian as Senior Director, AI Services, along with Karen Pfeifer, Field CAIO. 

    Two new workshops – the AI Readiness Workshop and the Gemini for Google Workspace Instant AI Workshop – demonstrate Pythian’s commitment to empowering its customers in the rapidly evolving AI landscape. The offerings are designed to equip businesses with the knowledge, tools and expertise needed to effectively integrate and optimize AI solutions, ultimately driving innovation and streamlining AI adoption.

    “We are thrilled to welcome Shishir and Karen to the Pythian team, and to expand our AI readiness services with the addition of two new workshops,” said Paul Lewis, CTO at Pythian. “Their combined expertise and leadership will be instrumental in guiding our customers through the complexities of AI adoption.” The new team members and additional services are key elements in Pythian’s commitment to becoming the market leader as it relates to AI readiness and empowering businesses to harness the full potential of AI.

    Suresh and Pfeifer bring a wealth of experience and expertise to Pythian, joining a team with a solid record of transformative AI engagements. For example, Pythian’s AI team created an all-in-one solution to automate data extraction for  transportation and logistics company Day & Ross. Using Google Gemini Generative AI, the solution interfaces with the company’s transportation management system (TMS), validating data accuracy and creating real-time shipment data.

    Shishir Suresh has a strong background in mathematics and physics, and is a recognized Google Cloud AI/ML Champion Innovator. His career has been defined by innovation, working at the forefront of AI and ML technologies. Suresh’s unique ability to translate complex AI concepts into practical business solutions makes him a valuable addition to Pythian’s AI team. 

    Karen Pfeifer brings over 20 years of experience in data strategy, governance and product operations. Her leadership roles at the enterprise level informed her deep understanding of data-driven business transformation. Pfeifer’s expertise in strategic planning and solution design, coupled with her proven leadership skills, will be instrumental in helping Pythian’s clients navigate the complexities of AI adoption.

    Pythian’s AI Readiness Workshop equips businesses to strategically integrate AI solutions, focusing on responsible AI implementation and ethical considerations. Through expert guidance, the workshop helps define use cases, assess AI readiness, and develop a tailored roadmap, ensuring businesses can confidently navigate the AI landscape. 

    Pythian’s Gemini for Google Workspace Instant AI Workshop focuses on providing hands-on, practical training to empower employees with AI skills for immediate integration and increased productivity. The workshop emphasizes real-world scenarios, ensuring that businesses can quickly realize the benefits of AI and foster a culture of innovation. With these new AI workshops available to our customers and the recently announced AI partnership with GigaOm, Pythian is further supporting transformational journeys across multiple industries and use cases.

    Schedule your AI or Google Cloud workshop today.

    About Pythian

    Founded in 1997, Pythian is a leading data and AI services provider specializing in digital transformation and operational excellence for enterprise customers. We help organizations optimize their data estates, helping them to drive AI enablement, innovation, and growth. Through strategic consulting, managed services and cloud migrations, we enable cost savings, risk reduction and seamless operations while preparing businesses to adopt AI and for the future of data management. A Google Cloud Premier Partner with multiple Specializations, including Data Analytics, Marketing Analytics, Machine Learning and a certified Google Cloud MSP, we’ve delivered thousands of professional and managed services projects for leading enterprises. For more information, visit www.pythian.com or follow us on X, LinkedIn, and our Blog.

    Pythian Media Contacts        

    Matt Malanga
    Senior Vice President, Marketing
    mmalanga@pythian.com    		 Elisabeth Grant
    Branch Out Public Relations
    egrant@branchoutpr.com
    +1 612-599-7797    		  
         

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fcc692ce-d627-48f0-b3c3-19d602507dbf

    https://www.globenewswire.com/NewsRoom/AttachmentNg/061351eb-e73e-4909-8076-d32f92a09777

    The MIL Network –

  • MIL-OSI: DTE Energy breaks ground on new solar park to help meet Ford Motor Company’s needs for 100% carbon-free and renewable energy

    Source: GlobeNewswire (MIL-OSI)

    Detroit, April 15, 2025 (GLOBE NEWSWIRE) — DTE Energy, the state’s largest producer of and investor in renewable energy, broke ground this morning on a 100-megawatt solar array near Coldwater, MI. When complete in 2026, Cold Creek Solar Park will be the first of several DTE parks that will help Ford Motor Company reach its goal of attributing 100 percent carbon-free and renewable energy to its Michigan manufacturing facilities.  

    Ford’s purchase of 650 megawatts of renewable energy from DTE’s CleanVision MIGreenPower program is the larges such purchase from a utility in U.S. history. MIGreenPower, DTE’s voluntary renewable energy program, enables business and residential customers to attribute their electricity use to Michigan-made renewable energy while funding the development of new solar and wind parks, such as the new array now under construction near Coldwater.  

    Ford’s enrollment in MIGreenPower, which will help the company avoid as much as 600,000 tons of carbon dioxide emissions annually, is part of its global environmental commitments. The company’s goal is to achieve carbon neutrality across its vehicles, manufacturing and supply chain no later than 2050, and to use 100% carbon-free electricity in its global manufacturing facilities by 2035.  

    “Thanks to this strategic investment with DTE, Ford will soon be able to attribute all of our electricity supply in Michigan to clean energy,” said Amir Mirshahi, director of Utilities and Energy Infrastructure at Ford. “This partnership is proof of Ford’s unwavering commitment to transitioning to clean energy and aligns us with our sustainability objectives. It represents a significant step toward our goal of achieving carbon neutrality and will also help make our local Michigan communities more resilient to the impacts of climate change.” 

    “We’re excited to be on this clean energy journey with Ford to fulfill its electricity needs with affordable, Michigan-made renewable energy,” said Matt Paul, president and chief operating officer, DTE Electric. “Our customers – whether they are large manufacturers like Ford, or hometown businesses, or families – are telling us they want more renewable energy, and we will continue to develop and deliver it to them.” 

    DTE’s renewable energy portfolio currently consists of 20 wind parks and 34 solar parks – all located in Michigan. DTE has invested $4.6 billion in its renewable energy infrastructure since 2009 and aims to invest an additional $4 billion in renewable energy over the next several years.  

    In 2025, DTE will have three new solar parks coming online in the first half of year, with three additional solar parks beginning construction. The six parks will total 800 megawatts, or enough clean energy to power more than 220,000 homes. The developments will help DTE make significant progress toward its goal of achieving net zero carbon emissions as well as meeting the State of Michigan’s clean energy goals. 

    For more information on DTE’s MIGreenPower program, please visit www.migreenpower.com.   

    About Ford Motor Company 
    Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, as well as connected services. Additionally, Ford is establishing leadership positions in mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Credit is available at corporate.ford.com. 

    About DTE Energy 
    DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/dte_energy and facebook.com/dteenergy.  

    The MIL Network –

  • MIL-OSI Europe: Minister for Enterprise, Tourism and Employment, Peter Burke announces Government approval to accelerate the development of a new whole-of-government Action Plan on Competitiveness and Productivity

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    15th April 2025

    The Minister for Enterprise, Tourism and Employment, Peter Burke today announced Government approval to accelerate the development of a new whole-of-government Action Plan on Competitiveness and Productivity, alongside a suite of immediate measures designed to bolster business resilience and support competitiveness

    We are living in a time of significant global change, marked by growing geopolitical tensions, trade uncertainties, and persistent cost pressures affecting businesses both large and small. While Ireland continues to perform strongly in international competitiveness rankings, we cannot be complacent. To safeguard our economic future and support our enterprises, we must act decisively on the domestic factors we can influence.

    Therefore, the Government has today agreed to fast-track the creation of a vital Action Plan on Competitiveness and Productivity, aiming to produce a draft within 12 weeks for discussion at a Ministerial Summit in July. This plan will identify concrete, actionable reforms across government to enhance our competitive edge.

    As part of this plan, we are implementing a range of immediate, targeted measures by May 2025. These actions focus on key areas including enhancing international trade promotion supports for firms facing disruption, addressing business costs through regulatory adjustments and targeted initiatives, and improving energy security and infrastructure delivery.

    I remain committed to the introduction of the Living Wage, and to fair wages for all workers. Government has approved substantial increases in the minimum wage, particularly over the last couple of years. The National Minimum Wage increased by €1.40 per hour in 2024, and by 80 cents per hour in January of this year. These uplifts have seen real increases in lower paid workers’ wages, exceeding inflation and wage growth across the economy.

    I want to make sure that any further increases in the National Minimum Wage are managed in a sustainable way, and in a way that does not threaten employment or competitiveness. I will make sure we find a balance between a fair and sustainable rate for low paid workers, and one that will not have significant negative consequences for employers and competitiveness.

    Government recognises the important work of the independent Low Pay Commission, and I look forward to receiving their recommendations for the 2026 National Minimum Wage later this year

    These combined efforts – the accelerated long-term plan and the immediate support measures – demonstrate our commitment to proactively managing challenges and maintaining Ireland as an attractive and competitive location for business.”

    Minister of State with responsibility for Small Business and Retail, Alan Dillon said:

    “Small businesses are the backbone of our economy and a vital source of jobs and innovation in every town and community across Ireland. In today’s complex global environment, it’s more important than ever that we provide them with the tools and support they need to thrive. The measures announced today — from enhanced trade supports to tackling the cost of doing business reflect a strong, targeted response to the real challenges entrepreneurs and retailers are facing on the ground.

    The establishment of a dedicated Small Business Unit and the creation of the Cost of Business Advisory Forum, will ensure the voice of small business is heard clearly in shaping future policy. As we fast-track the Action Plan on Competitiveness and Productivity, I am committed to making sure small firms are not only protected but empowered to grow, create jobs, and continue contributing to a vibrant, resilient economy.”

    Also welcoming the announcement, Minister Smyth – Minister of State for Trade Promotion, Artificial Intelligence and Digital Transformation commented:

    The rapidly evolving international economic landscape underscores the critical role of competitiveness in fostering sustainable growth within an open economy like ours. The upcoming Action Plan on Competitiveness and Productivity reflects the Government’s recognition of the need to address these challenges and its commitment to creating tangible growth opportunities for enterprises in Ireland.

    Ahead of the Action Plan, the introduction of short-term measures demonstrates the Government’s readiness to respond swiftly to emerging developments. I particularly welcome the initiatives aimed at bolstering Ireland’s international trade promotion. Diversifying our trade relationships will be essential to maintaining Ireland’s competitiveness on the global stage.

    Background:

    The Government’s focus on competitiveness comes amid a changing international context and heightened EU attention on bolstering Europe’s economic dynamism, as highlighted in recent reports and the European Commission’s ‘Competitiveness Compass’. While Ireland benefits from a skilled workforce and success in attracting high-value FDI, challenges remain, notably in infrastructure capacity and the high cost of doing business compared to competitor nations.

    The Programme for Government mandated the development of the Action Plan on Competitiveness and Productivity, intended to cover areas critical to Ireland’s economic performance including industrial policy, regulatory burden reduction, infrastructure, energy, trade, and innovation. By expediting this Plan, the Government aims to align key decisions with the upcoming Budgetary process, enabling swift implementation. The approach will be evidence-based, involving consultation across Government Departments and with stakeholders.

    In addition to accelerating the Action Plan, the Government has approved the following high-level short-term measures for implementation by May 2025:

    Enhancing International Trade Promotion: Actions will focus on implementing enhanced advisory supports for exporters facing disruption, accelerating progress on key international trade agreements like CETA, developing a strategic approach to market diversification, streamlining security clearance processes for exporters, and bringing forward a National Semiconductor Strategy.

    Addressing Business Costs: Measures include adjusting the implementation timeline for the Living Wage to 2029 but the Government remains committed to the introduction of a Living Wage during its term. Decisions on youth sub-minimum wage rates will be deferred, and further changes to statutory sick pay paused. A new Cost of Business Advisory Forum will be established, we will proceed with omnibus changes to simplify the CSRD regulations, a Small Business Unit will be created, and competition and consumer protection enforcement strengthened.

    Improving Energy Infrastructure: Steps will be taken to provide policy certainty regarding data centres, publish plans for connecting large energy users to the grid, foster collaboration between Government and industry on offshore renewable energy development, accelerate the deployment of critical electricity grid infrastructure, and explore options for development routes to market for zones B, C and D in South Coast DMAP to provide pathway for future offshore wind energy to meet growing electricity demand

    ENDS

    Back to Department News

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    MIL OSI Europe News –

  • MIL-OSI: Caban Secures $50 Million to Accelerate Growth and Energy-as-a-Service Deployments

    Source: GlobeNewswire (MIL-OSI)

    PLANO, Texas, April 15, 2025 (GLOBE NEWSWIRE) — Caban (or the “Company”), a leader in alternative energy solutions for critical infrastructure, announced today that it has successfully raised $50 million in new equity funding from existing investors. This latest round fuels its continued expansion and the deployment of fully-financed Energy-as-a-Service (EaaS) projects under long-term contracts.

    This investment will allow Caban to accelerate the delivery of its advanced energy solutions supporting critical infrastructure operators in their transition to sustainable, cost-effective power while enhancing reliability. The Company’s battery storage and energy management technologies provide reliable, clean energy while reducing both operating costs and environmental impact.

    “This funding accelerates our mission to transform the energy landscape for essential infrastructure,” said Alexandra Rasch, CEO of Caban. “As demand for proven, resilient, and sustainable energy solutions continues to grow, we remain committed to delivering innovative, data-driven technologies that empower businesses while driving measurable environmental impact.”

    Caban is actively deploying Energy-as-a-Service solutions for customers across Central and South America, the Caribbean and the United States. Through its Energy-as-a-Service offering, Caban designs, installs and operates clean energy infrastructure while the client pays a fixed energy and O&M fee. This offering is ideal for businesses that want to reduce their energy costs and carbon footprint without investing capital to own and manage these energy assets.

    “Completing this equity raise alongside securing long-term debt financing marks a major strategic milestone for Caban,” said Ryan Bisch, Caban’s President and Chief Investment Officer. “Combined with several recently closed project finance facilities, this most recent capital raise reinforces the strength of our Energy-as-a-Service platform and showcases the deep confidence in our team’s ability to execute.”

    Funds managed by Ember Infrastructure Management, LP (“Ember”), Caban’s majority shareholder, led the round. Based in New York, Ember is a private equity firm focused on investing in sustainable infrastructure solutions. Ember has $1.25 billion in assets under management.

    “Caban has consistently demonstrated a strong ability to innovate and execute in the rapidly evolving energy sector,” said Elena Savostianova, Ember’s Managing Partner. “We are excited to support their next phase of growth as they continue to expand their Energy-as-a-Service project portfolio and deliver meaningful value to telecommunications industry customers that require dependable and sustainable power solutions.”

    Caban’s proprietary lithium-ion battery packs and energy storage systems are designed to provide reliable primary power and backup power to critical infrastructure. The Company’s hardware and software solutions reduce fossil fuel consumption, maintenance visits, and overall operating costs while enhancing reliability. Caban designs, manufactures, and tests its energy management systems out of its primary manufacturing facility in Plano, Texas, offering customers a best-in-class, end-to-end energy management solution that is scalable, modular, and durable built for every environment.

    Caban has experienced strong momentum in recent years, forging key partnerships and securing long-term contracts with some of the largest telecommunications companies in the world, including a recently announced new project with Digicel. Its solutions have been successfully deployed across 12 countries, enabling businesses to enhance their energy resilience while meeting ambitious sustainability goals. The investment will further propel Caban’s expansion and innovation efforts, reinforcing its position as a pioneer in renewable energy solutions for infrastructure assets and owners globally.

    About Caban

    Caban, founded in 2018, set out to tackle the challenge of decarbonizing the most fossil fuel-dependent industries. Initially focused on providing alternative energy solutions for the telecommunications industry in the Americas, the company has demonstrated success in supplying energy to several of the world’s largest telecom operators. Building on this momentum, Caban has scaled globally and expanded its reach to support clean energy needs across critical infrastructure sectors worldwide.

    Caban uniquely combines service, hardware, software, and finance to deliver reliable, clean power and boosts your bottom line. This turnkey approach allows clients to work directly with one trusted partner to achieve reliability and decarbonization across their operations.

    For more information, visit www.cabanenergy.com.

    Media Contact:
    Jackie Castillo
    info@cabanenergy.com
    305-989-2861

    The MIL Network –

  • MIL-OSI Africa: Critical Minerals Africa Group (CMAG) Appoints APO Group Founder, Nicolas Pompigne-Mognard, to Advisory Board

    Source: Africa Press Organisation – English (2) – Report:

    JOHANNESBURG, South Africa, April 15, 2025/APO Group/ —

    APO Group (www.APO-opa.com), the award-winning pan-African communications consultancy and leading press release distribution service, is pleased to announce that its Founder and Chairman, Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com), has been appointed to the newly formed Advisory Board of the Critical Minerals Africa Group (CMAG).

    With its mission being to position Africa as a leader in critical minerals, CMAG (www.CMAGAfrica.com) is dedicated to advancing responsible sourcing and sustainable development of Africa’s critical mineral resources, while ensuring that local economies benefit from the continent’s mineral wealth. With approximately 40% of the world’s essential minerals reserves estimated to be held in Sub-Saharan Africa alone, the region plays a key role in the global energy transition and advanced technologies.

    Pompigne-Mognard’s appointment to the Advisory Board follows the announcement of a strategic partnership between APO Group and CMAG aimed at raising the global prominence of Africa’s critical minerals sector. The partnership leverages APO Group’s public relations and strategic communications expertise and CMAG’s industry leadership. Complementing this, Pompigne-Mognard’s ability to connect clients with key stakeholders from governments, private companies, and organisations of all sizes will be invaluable in showcasing Africa’s role in the global essential resources supply chain and elevating the profile of Africa’s critical minerals sector.

    Nicolas Pompigne-Mognard brings a wealth of experience and expertise to the CMAG Advisory Board. His vast network across industries, governments, and institutions, his deep understanding of Africa’s media and technology landscapes, and his extensive business experience will equip him to work alongside fellow Advisory Board members to shape positive perceptions of Africa’s critical minerals sector amongst global stakeholders and audiences.

    A Franco-Gabonese entrepreneur named among the 100 Most Influential Africans in 2023 and 2024, Nicolas Pompigne-Mognard serves on multiple high-profile advisory boards and international committees. These include the Senior Advisory Board of the Canada-Africa Chamber of Business and the Leadership Council of the Africa Tech Festival, as well as the Advisory Boards of the African Energy Chamber, World Football Summit, Africa Hotel Investment Forum (AHIF), Bloomberg New Economy Gateway Africa, Sports Africa Investment Summit, EurAfrican Forum, and All Africa Music Awards (AFRIMA). He is also a strategic advisor to the Chief Executive Officer of the Royal African Society of the United Kingdom, a strategic advisor to the EU-Africa Chamber of Commerce, and a special advisor to the President of Rugby Africa, the governing body of rugby in Africa.

    Nicolas’ wholly-owned company, APO Group, is the premier award-winning Pan-African communications consultancy and press release distribution service. It serves more than 300 clients, including global giants such as Canon, Nestlé, Western Union, UNDP, Network International, the African Energy Chamber, Mercy Ships, Marriott, Africa’s Business Heroes, and Liquid Intelligent Technologies.

    “Being appointed to the Critical Minerals Africa Group Advisory Board is an immense honour. CMAG is vital in safeguarding Africa’s critical minerals for future generations. In my advisory role, I look forward to supporting all initiatives as CMAG showcases Africa’s critical minerals potential in a responsible and sustainable manner,” said Nicolas Pompigne-Mognard, Founder and Chairman of APO Group.

    Other members of the Advisory Board include Natznet Tesfay, Executive Director, Head of Insights and Analytics, S&P Global, and Richard Morgan, Former Head of Government Relations, Anglo-American PLC.

    MIL OSI Africa –

  • MIL-OSI USA: Rep. Scholten Calls for Immediate Action to Prevent Costly Delays in Grand Haven Dredging Project

    Source: United States House of Representatives – Congresswoman Hillary Scholten – Michigan

    WASHINGTON – After months of ongoing communication with the U.S. Army Corps of Engineers (USACE), Michigan Department of Environment, Great Lakes, and Energy (EGLE), and the Governor’s office, U.S. Congresswoman Hillary Scholten (MI03) called on the Governor and EGLE’s director to prevent costly delays in the dredging of Grand Haven’s Inner Harbor—a project critical to West Michigan’s economy.

    “We’ve been working for months to protect Grand Haven’s necessary dredging schedule, but we’re now at a tipping point,” said Rep. Scholten. “This isn’t just a bureaucratic delay—it’s a potential economic crisis for West Michigan. I’m urging the state to act now so we don’t lose out on critical federal funding, drive up costs for Michigan families, and risk Grand Haven becoming unnavigable. We can protect our Great Lakes and our local economy at the same time, but only if we act quickly and collaboratively.”

    Scholten has been actively working with the U.S. Army Corps of Engineers (USACE), the Whitmer Administration, and EGLE since January to prevent delays to the project. While the USACE has funds and a dredging plan ready to go, they require final sediment disposal standards from EGLE before they can proceed. EGLE finalized draft sediment guidance on April 8—just weeks before the dredging cycle was set to begin.

    Scholten pressed the Whitmer Administration and EGLE to pursue immediate solutions, including the possibility of a one-time permit or temporary extension that would allow dredging to proceed while broader PFAS disposal standards are finalized.

    A delay threatens serious consequences: Grand Haven’s harbor supports over 450 jobs and generates $88.8 million annually in regional economic impact. A missed dredging cycle could increase shipping costs by 25 to 30%, disrupt road and agricultural supply chains across Michigan, and result in an estimated $3 to 5 million in additional costs that could ultimately fall on consumers.

    The dredging of Grand Haven’s Inner Harbor is also vital for delivering aggregate materials used in construction and agriculture across the state. Without dredging, nearly 2 million tons of materials may go undelivered this year, creating ripple effects across industries and potentially overwhelming nearby harbors unequipped to handle the volume. Efficient transportation of road-building materials is critical to meeting the Whitmer Administration’s road repair goals. Ensuring reliable cargo shipping channels will help support ongoing construction efforts and keep projects on track—an area of shared concern and commitment. 

    In the letter, Scholten acknowledged the dangers of forever chemicals on the Great Lakes and supports the need for thoughtful standards to guide their management. She also stressed the importance of moving forward in a timely and pragmatic way that safeguards water quality without stalling critical infrastructure and economic projects.

    Since the issue was first raised, Rep. Scholten has kept local officials informed and continues to advocate for a timely, environmentally responsible solution that keeps Grand Haven’s harbor open for business and ensures public health protections remain in place. 

    Full text is available at the link here.

    ###

    MIL OSI USA News –

  • MIL-OSI Global: Canada’s federal election doesn’t seem like it’s about climate change, but it actually is

    Source: The Conversation – Canada – By Mark Winfield, Professor, Environmental and Urban Change, York University, Canada

    A defining feature of the ongoing federal election campaign has been the apparent marginalization of the environment and climate change as top-of-mind issues due to threats by the United States against Canadian sovereignty, security and trade.

    But how Canada responds to U.S. President Donald Trump’s actions will also have profound implications for its future greenhouse gas emissions and its economy.

    The current federal election is very different from those held in 2015, 2019 and 2021. In those elections, the environment and climate were central issues. Each time, more than 60 per cent of Canadian voters chose parties (Liberal, NDP, Bloc Québécois and Green) that advocated for strong climate action, including some form of carbon pricing.



    Read more:
    Canada’s federal election made big strides for climate and the environment

    The increasing evidence of the consequences of a changing climate had placed the environment and climate change among the leading issues in the minds of Canadians for nearly two decades. The political landscape has shifted dramatically since then.

    The role of inflation

    Although Trump’s second presidency is often cited as the trigger point for a decline of the environment as a top-of-mind concern for Canadians, the slide actually began a year earlier, in the fall of 2023.

    Despite the record wildfire season that summer, the impact of inflation, triggered in large part by the COVID-19 pandemic and Russia’s invasion of Ukraine, moved economic concerns to the forefront of the public’s mind. Government stimulus programs needed to counter the impacts of the pandemic contributed to inflationary pressures, prompting the Bank of Canada to hike interest rates in response, adding to Canadians’ economic distress.

    Amid high inflation and high interest rates, the Liberal government’s climate strategies — especially consumer carbon pricing — became an easy political target, particularly for a Conservative opposition with little apparent concern for the climate challenge.

    But even though climate change is no longer top of mind for Canadians, it remains a significant embedded concern, with as many as 70 per cent of Canadians believing climate change is real and caused by human activity. And perhaps surprisingly, despite the criticism levelled at the consumer carbon tax, between 60 and 70 per cent of non-Conservative leaning voters (those intending to cast their ballots for Liberal, NDP, Bloc and Green candidates) continue to support the concept of carbon pricing.

    Focus on fossil fuels

    Despite this, many political and business leaders have responded to Trump’s actions by focusing on natural resource exports, especially fossil fuels and critical minerals, to bolster the Canadian economy.

    This has been accompanied by calls to further streamline environmental review and approval processes for resource extraction and export projects like pipelines, and to expand their subsidization by taxpayers.

    Discussions about the climate implications of these initiatives have been noticeably absent. So have conversations about the long-term economic viability and desirability of expanding Canada’s dependency on resource commodity exports to increasingly uncertain global markets.

    On fossil fuels, the International Energy Agency and others are predicting that global consumption will peak within the next decade. This will reflect the falling costs of renewable energy, improving energy productivity and the imperative of reaching net zero greenhouse gas emissions by mid-century.

    The peak will likely happen before any new major export infrastructure can be built in Canada, regardless of what review and approval requirements they might be subjected to.

    In a world of declining fossil fuel consumption, Canada — increasingly reliant on high-cost and high-carbon production like oilsands crude and fracked and liquified natural gas — seems more likely to be among the earliest producers to fall than among the last standing. Public investments in new export infrastructure look like dubious propositions in this scenario.



    Read more:
    Coal in Alberta: Neither public outrage nor waning global demand seem to matter to Danielle Smith

    International markets for critical minerals are likely to remain in deep flux as the pace of technological development in renewable energy and energy storage accelerates to reduce or avoid dependency on costly and difficult-to-access materials.

    Mining operations also continue to have substantial environmental impacts with significant implications for reconciliation with Indigenous Peoples in Canada.

    Backwards approach

    All of this means there must be continued meaningful scrutiny of projects in terms of their implications for climate change, environmental sustainability and reconciliation, as well as their economic viability and potential legacy costs for taxpayers — not a further streamlining of review processes.

    Falling back on fossil fuels in response to Trump is a fundamentally backwards approach. It ignores the implications of the climate challenge. As recently noted by at least one Canadian business leader, it also overlooks the need to not just diversify Canada’s markets, but to diversify Canadian products as well.

    Canada must design and implement strategies that transform its industries from producers of low-value raw materials into producers of higher-value products and services for a world that must decarbonize and advance sustainability.

    As a coalition of Canadian mayors recently pointed out, climate change remains a real threat to Canadians and their communities. It’s not going away regardless of what Trump’s executive orders might say.

    As they campaign to lead the country, the situation requires more substantive responses from Canada’s would-be prime ministers than Canadians are getting right now.

    Mark Winfield receives funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. Canada’s federal election doesn’t seem like it’s about climate change, but it actually is – https://theconversation.com/canadas-federal-election-doesnt-seem-like-its-about-climate-change-but-it-actually-is-254458

    MIL OSI – Global Reports –

  • MIL-OSI: Exploits Valley Renewable Energy Corporation Green Hydrogen Project in Central Newfoundland Receives Guidelines for Environmental Impact Statement

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — Abraxas Power Corp. (“Abraxas Power”), a leading energy transition developer, and its subsidiary Exploits Valley Renewable Energy Corporation (“EVREC”), today announced that Newfoundland and Labrador’s Department of Environment and Climate Change has released the Environmental Impact Statement (EIS) guidelines for the highly anticipated Green Energy Hub project in the Botwood, NL area (the “Project”). The Project, set to revolutionize energy production in the province, aims to harness renewable energy sources to produce hydrogen in a sustainable and environmentally responsible manner.

    The purpose of the EIS is to identify for all phases of the Project (construction, operation and maintenance, decommissioning and rehabilitation) the important beneficial and adverse environmental effects associated with the Project, measures to mitigate adverse effects, the significance of residual environmental effects, public concerns and the response to those concerns. The comprehensive guidelines are intended to ensure that the Project is developed with the highest environmental standards in mind, supporting Newfoundland and Labrador’s commitment to a clean energy future while minimizing environmental effects.

    The release of the EIS guidelines marks the beginning of the formal environmental assessment process. Public consultations will be held throughout the process, allowing community members, stakeholders, and interested parties to find out more about the Project as it develops.

    EVREC remains committed to the responsible development of the Project and is eager to continue collaboration with stakeholders, regulators, and the public throughout the next phase of environmental review. Through the EIS, EVREC will provide further detailed information about the Project in various areas, including Project scope, water resource management, air quality and emissions, flora and fauna, and Project component locations, to name a few. The Project is expected to not only contribute to the province’s green energy transition but also create significant economic benefits, including job creation, new investment opportunities, and the establishment of Newfoundland and Labrador as a key player in the growing global hydrogen market.

    “The EIS is an essential part of our approach, and we are eager to maintain open, ongoing engagement with stakeholders and regulators while continuing to work on refining and advancing all aspects of the Project”, said Dean Comand, COO of Abraxas Power. “Newfoundland and Labrador is on the cutting edge of clean energy innovation, and this Project represents an exciting opportunity for the province to contribute to global sustainability efforts. The EIS is an important step in the process and underscores our commitment to responsible development and to working alongside communities and stakeholders to ensure that the environmental impact is carefully considered at every stage of this transformative project.”

    EVREC is a Power-to-X (P2X) project that was awarded access to over 300 square kilometres of crown lands by the Province of Newfoundland and Labrador in 2023 for EVREC’s use in the development of its project in Central Newfoundland. EVREC will include up to 3+ gigawatts (GW) of onshore wind capacity with associated energy and molecular storage to power behind-the-meter green hydrogen (H2) and green ammonia (NH3) production. The Project anticipates generating ~180,000 tons of green H2 and ~1,000,000 tons of green NH3 annually. EVREC aims to have its own dedicated port infrastructure to export its products to global markets.

    EVREC has significantly advanced the Project through pre-construction activities which include engineering, wind resource measurement, and environmental assessment processes, including environmental data collection, and public and stakeholder engagement. The final Project design is subject to these ongoing assessments and activities.

    EVREC’S Environmental Assessment Registration can be found at:

    Botwood and Area EVREC Green Energy Project – Environment and Climate Change (gov.nl.ca)

    About Abraxas Power:

    Abraxas Power is a pioneering energy transition developer focused on decarbonizing hard-to-abate sectors and creating value by solving the current and future challenges of the energy transition. Abraxas Power’s broad mandate allows it to see opportunities across technologies and geographies to transform the global energy industry. Our team has extensive experience in leading, financing, and solving the challenges associated with energy transition, and a proven track record of delivering complex, large-scale development projects across various disciplines, including renewable power and storage, hydrogen and ammonia production, industrial and precious metals, large-scale project construction, and operations at scale. The team possesses strong project finance and capital markets experience and has a history of creating value for shareholders, stakeholders, and the communities they live in. Abraxas Power has signed strategic partnerships with various global strategics and technology providers.

    Abraxas Power has secured over US$9 billion in capital projects through competitive government awards over the past year in furtherance of the energy transition, including our marquis EVREC Project.

    To learn more, visit www.abraxaspower.com 

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  • MIL-OSI: Winners of Inaugural Atlantic Canada Cleantech Awards Showcase East Coast Excellence

    Source: GlobeNewswire (MIL-OSI)

    HALIFAX, Canada, April 15, 2025 (GLOBE NEWSWIRE) — Foresight Canada announced the winners of the inaugural Atlantic Canada Cleantech Awards at last night’s sold-out ceremony in Halifax. The event celebrated the region’s innovators, funders, adopters, and supporters collectively accelerating clean technology adoption, catalyzing economic resilience, and advancing net zero goals. This year’s award winners exemplify the region’s capability to turn visionary ideas into tangible progress.

    Driven by breakthroughs in ocean technology and increased adoption of renewable energy, the East Coast’s growing cleantech sector is well-positioned to increase efficiency and productivity of key industries and lead a more sustainable, economically prosperous future. In 2024 alone, the Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA), invested $72M in 166 cleantech projects, anticipated to generate 100,000 new clean energy jobs in Atlantic Canada by mid-century. This projected growth underscores the momentum of Atlantic Canada’s cleantech sector. Foresight Canada is proud to establish this new tradition on the East Coast, celebrating leaders whose dedication and ingenuity are shaping a resilient and sustainable economy.

    Meet the Winners

    Adopter of the Year: City of Summerside

    Summerside has emerged as a Canadian leader in community-driven sustainability. By expanding its smart grid, integrating renewable energy sources, and introducing innovative programs for energy efficiency and clean transportation, the city is paving the way toward a more sustainable future. Additionally, Summerside supports cleantech business growth through its Eco Park, a dedicated space that encourages clean economic development in the region.

    Supporter of the Year: Dalhousie University

    Researchers at Dalhousie University are developing clean, carbon-free technologies that will facilitate the transition to a more sustainable future. Their work encompasses engineering and commercializing innovative breakthroughs, including clean fuels, chemicals and materials, and long-life batteries for electric mobility. Dalhousie is playing a key role in advancing battery innovation through the establishment of Canada’s first university-based battery prototyping and testing facility, set to open in fall 2025.

    Funder of the Year: Carbon to Sea

    Carbon to Sea is the leading nonprofit evaluating ocean alkalinity enhancement for CO₂ removal at scale. Its work is aligned with key scientific bodies, such as IPCC and the National Academies of Sciences, Engineering, and Medicine. As the world’s foremost organization pursuing ocean alkalinity enhancement, Carbon to Sea funds exceptional researchers to close knowledge gaps and build a responsible sector.

    Startup Venture of the Year: pHathom Technologies

    pHathom is advancing a breakthrough carbon removal technology through its Accelerated Weathering of Limestone (AWL) process, which uses seawater and limestone to capture biogenic CO₂ while helping to reduce ocean acidification. The company aims to launch a commercial demonstration by 2027, with the potential to remove gigatons of carbon and unlock substantial revenue opportunities.

    Scaleup Venture of the Year: CarbonRun

    CarbonRun’s innovative river restoration method permanently removes CO₂ from the atmosphere and improves river health simultaneously. By adding limestone to rivers, they enhance natural carbon absorption and restore salmon habitats. With commitments from large corporate buyers for its credits, and a robust pipeline of projects that are being developed, CarbonRun is poised to make a major impact on global CDR goals.

    Learn more about all our 2025 Canada Cleantech Awards finalists and winners.

    Quotes

    “For the City of Summerside, being nominated for and receiving this award is like a boost of clean tech energy—fueling our momentum and reaffirming our path forward. Over the past 20 years, we’ve been deeply committed to validating and scaling solutions in the innovation and clean tech space. Along the way, we’ve learned that real progress takes a united effort—it takes a community to move mountains. The work we do with our partners can be complex, but it’s incredibly rewarding. By leveraging our infrastructure, collaborating with leading businesses, and cultivating a thriving ecosystem for change, Summerside is proud to lead and support Canada’s transition toward a sustainable future. Driving innovation, clean tech solutions and economic growth isn’t just our mission—it’s our passion.” — Mike Thususka, Director of Economic Development, City of Summerside

    “We are extremely honoured to be recognized by the Atlantic Canada Cleantech community. We are thankful for the support of our partners and the broader network in helping us get to this stage, and we hope to live up to your expectations by continuing to fight climate change while also restoring and enhancing the ecosystems we depend on.” — Dr. Halfyard, Co-Founder and CTO, CarbonRun

    “We’re capturing CO₂ right at the source and using natural ocean chemistry to lock it away safely for thousands of years. It’s high-integrity carbon removal, rooted in science, and it’s happening right here in Atlantic Canada. We’re honoured to accept this award and proud to be doing that work here, in a region that understands resilience, collaboration, and bold ideas.” — Kim Gilbert, CEO, pHathom Technologies

    “Nova Scotia’s growing reputation as a home for innovation makes it a great location to advance ocean climate science, and Carbon to Sea is proud to play a role in that. As the world grapples with the need to remove billions of tons of carbon from the atmosphere safely in the coming decades, we look forward to deepening our work here. We’re grateful to Foresight for this recognition, and for all they do to support climate innovation across Canada.” — Miriam Zitner, Canadian General Manager, Carbon to Sea Initiative

    “A heartfelt congratulations to the winners of the inaugural Atlantic Canada Cleantech Awards! Your innovative spirit is propelling the region’s cleantech growth in exciting new directions. We celebrate your vision and look forward to witnessing the ecosystem thrive and the significant contributions you’ll make in transforming East Coast industries.” — Jeanette Jackson, CEO, Foresight Canada

    “Marking a pivotal moment, the first Atlantic Canada Cleantech Awards celebrated the remarkable strength and innovation thriving within our region. The achievements of this year’s winners pave the way for a future where Atlantic Canada is a true leader in clean technology, and I can’t wait to see what comes next in East Coast innovation.” — Lindsay Murray, Sr. Manager, Partnerships, Foresight Canada

    About Foresight Canada

    ​​Foresight Canada helps the world do more with less, sustainably. As Canada’s largest cleantech innovation and adoption accelerator, they connect public and private sectors to the world’s best clean technologies, de-risking and simplifying the adoption of innovative solutions that improve productivity, profitability, and economic competitiveness, all while addressing today’s most urgent climate challenges.

    Contact:
    Heather Kingdon
    Manager, Communications
    hkingdon@foresightcac.com

    The Atlantic Canada Cleantech Awards are presented by Foresight and Bloom Funding with support from Bonsai Growth, MNP, Springboard Atlantic, and the Atlantic Canada Opportunities Agency (ACOA). Event hosted in partnership with Smart Energy Halifax.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c628c430-d0e3-4bef-905a-fd0639b1317d

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  • MIL-OSI Security: IAEA and International Experts Sample Treated Water within Fukushima Daiichi Nuclear Power Station Prior to its Release

    Source: International Atomic Energy Agency – IAEA

    The International Atomic Energy Agency (IAEA), along with experts from the People’s Republic of China, the Republic of Korea, the Russian Federation, and Switzerland, collected samples today of ALPS treated water that had been diluted with seawater ahead of its discharge into the sea at Japan’s Fukushima Daiichi Nuclear Power Station (FDNPS).

    The activity is the latest mission carried out under the additional measures which focus on expanding international participation and transparency, allowing hands-on independent measurements of the concentration level of the ALPS treated water which TEPCO – operator of the FDNPS – began discharging in August 2023. In September 2024, the IAEA agreed with Japan to implement additional measures. Through additional measures, third parties can independently verify that water discharge levels are, and will continue to be, in strict compliance and consistent with international safety standards.

    Today’s sampling was the first mission of the additional measures under the IAEA framework to sample the diluted water from the discharge facilities at the plant. It follows a mission in February when IAEA Director General Grossi joined the activities with experts from China, the Republic of Korea and Switzerland to collect seawater samples from a boat in the vicinity of FDNPS. It also builds on the first practical steps of the additional measures carried out in October last year when international experts conducted seawater sampling.

    The experts from the China Institute for Radiation Protection, the Korean Institute for Nuclear Safety, the Institute of Natural Monopolies Research in Russia, and the Spiez Laboratory in Switzerland collected samples from the discharge vertical shaft and seawater pipe header where ALPS treated water is diluted with seawater before being discharged through a  one-kilometre-long tunnel into the sea. The samples were taken from the 12th batch of ALPS treated water to be discharged. Last week, the IAEA confirmed that the tritium level in the 12th batch was far below Japan’s operational limit.

    The samples will be analysed by the IAEA laboratory, by laboratories in Japan and in the participating laboratories from China, Korea, Russia and Switzerland, all members of the IAEA’s Analytical Laboratories for the Measurement of Environmental Radioactivity (ALMERA) network, which were selected for their high level of expertise and analytical proficiency.

    MIL Security OSI –

  • MIL-OSI: Roth Canada Opens Calgary Office, Bolsters Energy and Sustainability Practice with Senior Investment Banking and Research Hires

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — via IBN — Roth Canada, Inc. (Roth Canada), the Canadian affiliate of Roth Capital Partners LLC, (collectively “ROTH”), announces today the expansion of its Energy and Sustainability teams with the addition of Tony Loria as Managing Director, Co-Head Investment Banking; Matt Halasz as Managing Director, Investment Banking; and Zain Sadek as Analyst, Investment Banking. In addition, Roth Canada has added Jamie Somerville and Christopher True as Managing Directors, Senior Research Analysts, to its Calgary office. These strategic additions reinforce our commitment to supporting Canadian growth equity companies with full-service investment banking capabilities, access to international investors, and providing institutional clients with research-driven ideas.

    Ted Roth, Vice-Chairman of ROTH and CEO of Roth Canada, noted, “ROTH has a track record of over 30 years supporting growth-stage companies across many sectors and is a leading underwriter in the small and mid-cap space. Our Energy and Sustainability practices have been core to our business, supported not only by our banking, research, and sales capabilities in the United States, but also by our international distribution and leading corporate access activities. We are committed to leveraging this platform in support of Canadian issuers, investors, and stakeholders.”

    Additions to Roth Canada’s Investment Banking:

    Tony Loria has joined Roth Canada as Managing Director, Co-Head Investment Banking, bringing over 25 years of experience in the industry. Throughout his career, he has built and managed multiple banking franchises while advising a global client base on corporate finance, M&A, strategy, and innovation. Based in Calgary, Alberta, Tony specializes in the upstream small and mid-cap Energy sector and has led multiple investment banking franchises, including Genuity, Canaccord Genuity, Dundee Securities, and Eight Capital. At Eight Capital, he played a pivotal role in expanding the firm’s presence in the Sustainability and New Energy sectors, establishing it as a cornerstone asset.

    Matt Halasz has joined Roth Canada as Managing Director, Investment Banking, bringing nearly 15 years of experience in the investment banking industry. Known for his leadership, strategic thinking, and financial expertise, Matt oversees key client relationships and leads complex financial transactions across the oil & gas, energy, and sustainability sectors. Before joining Roth Canada, he worked at several leading full-service, independent investment dealers, gaining a deep understanding of capital markets.

    Zain Sadek has joined Roth Canada as Analyst, Investment Banking, bringing three years of experience in strategic and financial advisory services. Previously, he worked as an investment banker at a prominent independent Canadian investment bank, where he supported clients in the Energy and Sustainability sectors. Before that, Zain served as a management consultant at a leading global advisory firm.

    Additions to Roth Canada’s Research Team:

    Jamie Somerville has joined Roth Canada as Managing Director, Senior Research Analyst. Jamie has over 20 years of energy finance experience. He was most recently an equity research analyst at Eight Capital, and was previously at TD Securities from 2010-2015, and at Genuity Capital Markets from 2006-2010, where he was a Brendan Woods-ranked and StarMine award-winning analyst. He has also worked in executive and senior management positions for multiple publicly listed oil and gas companies.

    Christopher True has joined Roth Canada as Managing Director, Senior Research Analyst. Christopher has 6 years of sell-side equity research experience covering energy stocks for Eight Capital and CIBC World Markets. Before that, Christopher worked in the acquisitions and growth group at a leading Canadian oil and gas royalty company. Christopher graduated from the University of Calgary with a Bachelor of Commerce from the Haskayne School of Business.

    “It is with a great deal of excitement that we announce the opening of our Calgary office, and the addition of Tony, Matt, Zain, Jamie, and Christopher,” said Brady Fletcher, President of Roth Canada. “We launched in Canada to support Canadian companies providing strategic advisory and access to capital by leveraging ROTH. Having top talent like Tony and his team recognize that opportunity continues to demonstrate the demand for our platform, and access to a differentiated network of investors, in the Canadian market.”

    About Roth Canada, Inc.

    Roth Canada, Inc. is a Canadian CIRO-regulated Dealer Member focused on serving emerging Canadian growth companies and their investors. Roth Canada is headquartered in Toronto and maintains offices in Calgary and Vancouver. For more information on Roth Canada, please visit www.rothcanada.ca.

    Investor Contact:

    Roth Canada, Inc.
    Brady Fletcher
    President
    bfletcher@rothcanada.ca

    ROTH – Member FINRA/SIPC – www.roth.com
    Roth Canada – Member CIRO/CIPF – www.rothcanada.ca

    Media Contact:

    IBN
    Los Angeles, California
    www.InvestorBrandNetwork.com
    310.299.1717 Office
    Editor@InvestorBrandNetwork.com

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