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Category: Energy

  • MIL-OSI Asia-Pac: Retirement from government service does’nt mean you are retired as a citizen: Dr. Jitendra Singh Urges Superannuating Officials to be contributors and Partners in Viksit Bharat

    Source: Government of India

    Retirement from government service does’nt mean you are retired as a citizen: Dr. Jitendra Singh Urges Superannuating Officials to be contributors and Partners in Viksit Bharat

    Digital Reforms, Empowered Retirees, and a Vision for 2047: Highlights from Guwahati’s PRC and Bankers’ Workshop

    Posted On: 10 APR 2025 6:12PM by PIB Delhi

    Guwahati, April 10: “Retirement from government service doesn’t mean you are retired as a citizen”, said Union Minister Dr Jitendra Singh in a message that resonated deeply with the hundreds of officers nearing retirement, Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh, in a message that resonated deeply with the hundreds of officers nearing retirement.

    The Minister said that retirement from government service should not be seen as an end, but a transition into a new role as contributors and partners  to nation building. Addressing the 56th Pre-Retirement Counselling (PRC) Workshop and the 9th Bankers’ Awareness Program, Dr. Jitendra Singh called for a paradigm shift in the way Indian society perceives retired government servants.

    Dr Jitendra Singh said that many officers at 60 are at the prime of their, energy and expertise. “So we wish to involve them in the task of nation building and use their experiences. As the Prime Minister says, every citizen has to contribute to the making of Viksit Bharat,” he said.

    Organised by the Department of Pension and Pensioners’ Welfare (DoPPW) in collaboration with the Assam Government, the day-long event at the Assam Administrative Staff College featured back-to-back technical sessions on pension reforms, digital life certification, CGHS facilities, financial planning, and innovations like the Bhavishya Portal and Integrated Pensioners’ Portal. These sessions were designed to prepare retiring employees for a smooth transition, both in terms of procedural knowledge and personal empowerment.

    The workshop aimed to prepare civil servants for a smooth post-retirement transition, not just in terms of paperwork but also in purpose. Dr. Jitendra Singh emphasized the need for institutional mechanisms that can integrate retirees into developmental roles based on their skills and inclinations.Outlining several reforms undertaken by the Government over the past decade to simplify pension procedures, Dr. Jitendra Singh recalled how superannuating officers earlier had to run from one office to another, often losing months before receiving their first pension payment. “That era is over,” he said. “Today, with digital PPOs, integrated pension portals like Bhavishya, and face authentication tools, we’ve eliminated procedural delays and harassment.”

    He lauded the role of the Department of Pensions under Secretary V. Srinivas, noting how Indian digital pension practices are now being emulated by countries like Maldives, Mongolia, and Bangladesh. The success of initiatives such as Digital Life Certificate (DLC), CPGRAMS, and face authentication, he said, are examples of how technology can bring dignity and efficiency to governance.

    Going beyond procedural ease, Dr. Jitendra Singh proposed the creation of a national directory of retired officers, based on their expertise and interests. “We will prepare a performa to capture details like qualification, experience, and preferred areas of work, so that ministries can consult it and engage retirees in policy committees or advisory roles,” he explained.

    The Minister also drew attention to evolving societal needs and reforms in pension rules—such as the inclusion of divorced daughters, faster processing for widows, and compassionate consideration for families of missing employees—that reflect a progressive and humane approach.

    Dr. Jitendra Singh proposed developing a national database of retired officers with their skillsets, experience, and interests, enabling government departments to draw on their expertise post-retirement. “Many citizens have taken up start-ups or pursued creative passions after retirement. The first successful millet-based start-up came from a scientist who retired from a government institute. You can begin anew at any age,” he said.

    In a lighter moment, Dr. Jitendra Singh noted how the retirement phase has even helped uncover hidden talents. “There are those who never got to pursue music or writing or any other pursuit in their service years. Retirement gives you the freedom. We can even help with an audition at All India Radio if you say you want to sing,” he quipped, drawing laughter and applause.

    Ending on an empowering note, the Minister urged retiring officers not to see themselves as passive recipients of pension but as active nation-builders. “You are retiring as government officials, not as citizens. Your best may be yet to come,” he said.

    The daylong event saw the address of Shri V. Srinivas, Secretary, DoPPW, Shri Dhrubajyoti Sengupta, Joint Secretary and remarks from key stakeholders, including SBI’s Deputy MD Shri Shamsher Singh, Additional Secretary from the Health Ministry Ms. Roli Singh, IG BSF Shri Sanjay Gaur, and General Manager of Northeast Frontier Railway Shri Chetan Shrivastava.

    With India envisioning itself as a developed nation by 2047, Dr. Jitendra Singh’s remarks offered a timely reminder that wisdom, dedication, and public service do not retire—they evolve.

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    NKR/PSM

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    MIL OSI Asia Pacific News –

  • MIL-OSI USA: News 04/10/2025 Blackburn Introduces Bills to Strengthen Quantum Development, Manufacturing, and Defense Applications

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – U.S. Senator Marsha Blackburn (R-Tenn.) introduced legislation to strengthen the development, manufacturing, and defense applications of quantum technology in the United States. These bills include the Defense Quantum Acceleration Act with Senator Maggie Hassan (D-N.H.), the Quantum Sandbox for Near-Term Applications Act with Senator Ben Ray Luján (D-N.M.), and the Advancing Quantum Manufacturing Act with Senator Gary Peters (D-Mich.).

    “Tennessee is among the states leading the nation in quantum development, and we need to continue building on this momentum to strengthen quantum technology across the nation,” said Senator Blackburn. “These bills would provide a strategic roadmap for quantum development, promote continued innovation, and supercharge the Defense Department’s approach to quantum technology to advance our national security. I look forward to working with the Commerce Committee to pass these bills and reauthorize the National Quantum Initiative.”

    BACKGROUND

    • The Defense Quantum Acceleration Act would supercharge the U.S. Department of Defense’s (DoD) approach to quantum technology and advance U.S. national security, building on the work done at institutions like Oak Ridge National Lab in Oak Ridge, Tennessee. Specifically, this bill would establish a framework for the DoD to optimize its approach to the development and transitioning of quantum technology and develop a strategic quantum roadmap. It would also authorize a defense quantum technology testbed to enable the Defense Innovation Unit to successfully execute the transition of near-term quantum capabilities. Click here to read the bill text. 
    • The Quantum Sandbox for Near-Term Applications Act would establish a public-private partnership for near-term quantum application development and acceleration. Click here to read the bill text. 
    • The Advancing Quantum Manufacturing Act would establish a Manufacturing USA Institute for Quantum Manufacturing and improve coordination between the U.S. Department of Energy and the National Science Foundation for activities related to quantum development. Click here to read the bill text. 
    • Earlier this year, Senate Commerce Committee Chairman Ted Cruz (R-Texas) recognized Senator Blackburn for her leadership on advancing a reauthorization of quantum computing research programs to drive innovation, protect the nation, and create new industries.

    RELATED

    MIL OSI USA News –

  • MIL-OSI Canada: Crossing borders and closing deals: Alberta’s Q1 update

    As trade threats escalate, Alberta is taking decisive action to secure new global markets, driving diversification and growth to protect the province’s economic future. Alberta is broadening its trade horizons – to reduce risk and build a more resilient economy, ready to weather any storm.

    Despite U.S. tariffs, Alberta’s economy is outperforming expectations, driven by its robust oil production, increased home construction and a diversified economic base.

    Alberta’s economy is built to last, anchored by three powerful pillars – diversifying trade, breaking down barriers and attracting investment. Together, they are driving future success for an economy that leads and outperforms.

    “During challenging economic times, Alberta is strengthening its economy by opening new global markets, eliminating trade barriers, and securing investments that generate jobs and ensure sustained growth.”

    Matt Jones, Minister of Jobs, Economy and Trade

    Unlocking Global Trade

    As the U.S. continues to introduce new barriers to trade, Alberta is focused on expanding its economic pathways elsewhere, such as in Europe, Asia and the Americas.

    In 2024, Alberta’s total trade with non-U.S. countries totalled almost $36 billion, an increase of 10 per cent over 2023. Alberta’s government will continue investing in this growth for the future. Between 2023 and 2024, Central Asia, South and East Asia, South America and Europe all increased the amount of goods they are buying from Alberta. This proves the world relies on Alberta’s high-quality goods and products. Alberta’s top-tier export performance fuels economic growth, creates high-paying jobs and enhances Canada’s global competitiveness, benefiting all Canadians.

    “Expanding our markets is critical to the future of oil and gas in Alberta and we are actively working towards this. The Alberta Petroleum Marketing Commission is exploring selling our oil and gas throughout Asia and Europe. Countries like Japan and Korea view our natural gas, hydrogen and ammonia as key to their future economies and transitioning from thermal coal.”

    Brian Jean, Minister of Energy and Minerals

    Alberta also doubled the 2025-26 budget for the Alberta Export Expansion Program, funding small- and medium-sized businesses and non-profits to promote their products globally. In 2024-25, the program helped more than 450 Alberta companies and organizations join 28 government-led trade missions to countries like Argentina, the United Arab Emirates, Singapore, Japan, United Kingdom, Indonesia, Philippines and Germany. In 2024-25, Alberta’s government facilitated more than 800 business-to-business meetings on trade missions that connected Alberta companies to global partners, to make substantial international deals.

    Leading Interprovincial Trade

    Alberta remains Canada’s leader in interprovincial trade and continues to lead the way by cutting red tape and reducing regulatory burdens, making it easier for businesses and workers to thrive across provincial borders. Since 2019, Alberta has eliminated almost 80 per cent of its party-specific exceptions under the Canadian Free Trade Agreement, unlocking smoother interprovincial trade and securing better opportunities for Albertans.

    Alberta is tearing down trade barriers to boost both the province’s and Canada’s economies. In February 2025, Alberta joined counterparts across the country in endorsing bold new commitments to further reduce regulatory barriers, implement mutual recognition for goods and services and create new economic opportunities for businesses and consumers. Alberta’s government is bulldozing internal trade barriers – turning roadblocks into smooth highways for Alberta industry.

    Attracting Job-Creating Investments

    When investors set their sights on Alberta, it is a win-win for companies, workers and Alberta’s economy. For example, thanks to the Investment and Growth Fund (IGF), Alberta’s government has secured more than $820 million in capital, created 1,250 jobs and leveraged $25 in private investment for every $1 spent. The IGF is attracting global giants like Lufthansa Technik from Germany, which is bringing 330 new jobs and $120 million in investment, along with NewCold from the Netherlands, which is adding 250 jobs and a $222 million boost to Alberta’s economy.

    “NewCold’s multi-million investment is a direct result of Alberta’s targeted approach to attracting global businesses through tools like the Investment and Growth Fund. With this support, we’re building one of the most advanced cold storage facilities in North America – right here in Alberta.”

    Jonas Swarttouw, executive vice-president commercial, NewCold

    Through strategic investment, Alberta is securing its future by diversifying export markets and expanding global partnerships, because when opportunity knocks, Alberta always answers.

    Alberta’s plan goes beyond braving changing trade-winds – it is about driving economic growth with a strategy built to endure any storm. By diversifying its international trade partners, tearing down barriers to internal trade and bringing in substantial investments, Alberta’s government is forging ahead on a path to an economically unstoppable future.

    Quick facts

    • Alberta’s exports to international markets in 2024 saw a 4.3 per cent increase year-over-year, with a total value of $182 billion.
    • Despite representing less than 12 per cent of Canada’s population, Alberta ranks second in exports nationwide, accounting for more than 25 per cent of the country’s total exports.
    • In 2024, Alberta exports, imports, and total trade with non-U.S. countries totalled $20.7 billion, $15.1 billion, and $35.8 billion, respectively.
    • Between 2023 and 2024, Alberta’s exports to Central Asia increased by 42.8 per cent, Southeast Asia increased by 41.4 per cent, South Asia increased by 39.9 per cent, East Asia increased by 15.9 per cent to $11.2 billion, Europe increased to $2.2 billion and South America increased by 6.1 per cent to $1.4 billion.
    • Alberta’s government has doubled the Alberta Export Expansion funding from $1 million to $2 million to support more businesses in their efforts to expand into global markets.
    • Recently, the IGF provided $2 million to Crust Craft, a high-capacity bakery company, to support its $51-million expansion in Alberta.
      • In this case, Alberta was competing with a U.S. jurisdiction for Crust Craft’s expansion.

    Related information

    • Alberta Export Expansion Program
    • Export, trade and international relations
    • Trade mission calendar
    • Latest Alberta investment – bringing in the dough

    MIL OSI Canada News –

  • MIL-OSI Africa: Unlock Business-to-Business (B2B) Networking Opportunities at Angola Oil & Gas 2025

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

    LUANDA, Angola, April 10, 2025/APO Group/ —

    Angola’s planned licensing round in 2025, upcoming infrastructure developments and flexible block opportunities highlight the vast potential across the country’s upstream oil and gas market. On the downstream side – with over 400,000 barrels per day of planned refining capacity, a drive to connect Angola’s oilfields to regional consumers and growing domestic demand – the country is seeking strategic partnerships to advance projects and promote fuel security.

    Angola Oil & Gas (AOG), taking place on September 3-4, 2025, supports the country’s industry goals by uniting global investors, government stakeholders and industry leaders in Luanda. As the largest event of its kind in Angola, the conference offers a gateway to doing business in Angola, and this next edition will facilitate new deals as Angola celebrates 50 years of independence.

    Network, Engage and Sign Deals

    As Angola unlocks new upstream opportunities and advances downstream projects, AOG 2025 offers unparalleled access to the decision-makers shaping the country’s oil and gas future. The conference provides a unique opportunity to hear directly from government authorities, providing a high-impact networking environment designed to accelerate deal-making. The event features a structured program of B2B meetings, closed-door investor briefings and sector-specific sessions for targeted engagement.

    Paul McDade, CEO of Afentra, shared with Energy Capital & Power that “the AOG conference has supported Afentra PLC’s investment strategy by providing a valuable platform to engage with key industry stakeholders, helping to strengthen existing relationships and build new ones. The event has facilitated direct interactions with government representatives, local operators and potential partners, allowing Afentra to better understand Angola’s oil and gas landscape and align its strategy accordingly.”

    With over 3,000 global attendees, 430 companies and 115 ministers and VIPs representing over 32 countries, AOG’s proven track record in facilitating partnerships and agreements makes it the ideal platform for companies looking to enter or expand in the Angolan market.

    “AOG was instrumental for us in so many ways. It was our first participation at the conference and we were able to meet everyone. Everyone from the industry attends the event and it was exceptionally helpful for us,” stated Andrew Knox, CEO of Red Sky Energy. Following their participation at AOG 2024, Red Sky Energy acquired a 35% stake in Angola’s Block 6/24, representing the company’s entry into the market. Knox added that they will “definitely be attending AOG in 2025,” as the company pursues other prospects in Angola.

    How to Join AOG 2025

    Join AOG 2025 as a sponsor or exhibitor and position your brand at the forefront of the country’s oil and gas sector. AOG 2025 offers a variety of sponsorship opportunities designed to enhance brand visibility and awareness. The exhibition returns bigger than before, allowing companies to showcase their products, services and innovations. AOG 2025 also offers numerous speaking opportunities, enabling thought leaders, industry experts and entrepreneurs to share their expertise and strategies for Angola’s oil and gas development. Join as an official delegation to explore investment opportunities, establish partnerships and connect with stakeholders.

    AOG 2025 takes place at a pivotal moment in Angola’s history – 50 years after independence – with the oil and gas sector at the heart of the country’s development agenda. Participating at AOG 2025 means contributing to this milestone and playing an active role in Angola’s economic growth story.

    Visit www.AngolaOilandGas.com for more information.

    AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    MIL OSI Africa –

  • MIL-OSI USA: DeGette Statement on House Republicans’ Budget Resolution

    Source: United States House of Representatives – Congresswoman Diana DeGette (First District of Colorado)

    WASHINGTON, D.C. – Today, Congresswoman Diana DeGette (CO-01) released the following statement after House Republicans passed H. Con. Res. 14, the FY2025 Budget Resolution.

    “House Republicans just passed a bill that sets the stage for cuts to Medicaid and food stamps so that they can fund huge tax breaks for the wealthiest Americans and corporations.

    “The budget resolution put forth by Republicans in Congress directs my committee, the Energy and Commerce Committee, to find $880 billion in ‘savings’. The nonpartisan Congressional Budget Office reported that it would be impossible to cut that much without touching Medicaid. Not to mention, their budget calls for at least $230 billion in cuts that threaten nutrition assistance during a period of fast-rising food prices, and it also repeals clean energy investments included in the Inflation Reduction Act. 

    “In my district alone, over 161,000 of my constituents who rely on Medicaid could lose their health care. And more than 123,000 of my constituents who rely on food stamps to feed their families could lose this critical lifeline.

    “This bill is nothing more than a rushed, sloppy response to Donald Trump’s demands to pass his ‘one, big, beautiful bill’—a win he desperately needs because he has nothing else to show for his leadership.

    “As Trump and Elon Musk continue to slash and burn their way through our government, I refuse to support his agenda and call on my Republican colleagues to stop bending the knee to Trump and Elon and get serious about helping the American people.”

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    MIL OSI USA News –

  • MIL-OSI Economics: DEC Q1 Tech Forum Explores “Advancing Drilling Technology”

    Source: International Association of Drilling Contractors – IADC

    Headline: DEC Q1 Tech Forum Explores “Advancing Drilling Technology”

    On 18 March, the IADC Drilling Engineers Committee (DEC) Q1 Tech Forum brought drilling professionals together to discuss “Advancing Drilling Technology: The Role of Collaborative Industry Projects in Innovation and Development.” This hybrid event featured the following presentations and discussions :

    • “Deepstar’s Satellite Project Model – a Force Multiplier for Operator R&D Budgets” – Dave Barrow and Curtis Linehan, Deepstar
    • “A Few Thoughts on Collaboration: What Works and What Else Can Be Tried” – Paul Pastusek, Pastusek and Associates
    •  “The Power of Collaboration and Innovation for Global Energy” – Allen Sinor, The Competency Alliance
    •  Panel Session #1, featuring: 
      • Dave Barrow
      • Shakir Shamshy
      • Paul Pastusek
      • Allen Sinor
      • Jonathan Lightfoot, Oxy
      • Mohamed Elshabrawy (moderator)
    • Panel Session #2                    
      • IADC Young Professionals Committee: Bill Pickering, Precision Drilling, and Liana Carnes, Transocean, YP Co-Chairs
      • IADC Advanced Rig Technology Committee: Trent Martin, ART Co-Chair, Transocean
      • IADC UBO/MPD Committee: Matt Kvalo, UBO/MPD Vice Chair, Stasis Drilling Solutions
      • IADC Cybersecurity Committee: Jim Rocco, IADC
      • SPE Drilling Systems Automation Technical Section: Dimitrios Pirovolou, DSATS Chair, Weatherford
      • Andrew Barry (moderator)

    Drilling Contractor Interview at the IADC DEC’s Q1 Tech Forum 

    Collaboration, open-mindedness needed for industry to maximize potential for innovation

    The energy industry is evolving rapidly, and this evolution is only set to accelerate in the coming decade, said Allen Sinor, Geothermal Sector Council Manager at The Competency Alliance. Speaking at the IADC Drilling Engineers Committee’s (DEC) Q1 2025 Tech Forum in Houston on 18 March, Mr Sinor discussed how innovations like AI are revolutionizing the industry’s ability to access and interpret data, while also enhancing both performance and safety. In this interview with DC taken from the forum, Mr Sinor spoke further about the nature of innovation within the industry, as well as the barriers that often prevent companies from fully exploiting the potential for innovation.

    Thank you to everyone who participated, and special thanks to Premium Oilfield Technologies for hosting!

    MIL OSI Economics –

  • MIL-OSI Economics: 85 years strong: IADC’s legacy of leadership and innovation

    Source: International Association of Drilling Contractors – IADC

    Headline: 85 years strong: IADC’s legacy of leadership and innovation

    In a new editorial from the March/April issue of Drilling Contractor, IADC President Jason McFarland reflects on the Association’s 85th anniversary, with special focus on the dedicated Members who make up our Association and our industry. 

    McFarland provides some of IADC’s history, including its establishment in 1940 as the American Association of Oilwell Drilling Contractors. In the 1970s, the name changed to the International Association of Drilling Contractors, reflecting our expanding global presence and international scope. 

    At the heart of all of IADC’s accomplishments lies our Members. McFarland explains, “Their innovative ideas, coupled with their dedication to implementation, fuel industry progress; it’s their energy, time and commitment that propel this association. IADC has stood as both witness and catalyst to some of the most transformative changes in our industry’s history, powered by our membership.”

    He then discusses current initiatives happening within the Association, including:

    • IADC’s new Student Chapter Scholarship program
    • A recent project to redesign the KREW (Knowledge Retention & Education for our Workforce) online learning system
    • The inaugural IADC Geothermal Drilling Conference & Exhibition 
    • The recently launched IADC Geothermal Well Classification

    In closing, McFarland states, “Together, we’ll ensure that the next chapter of our association’s history is as remarkable as the first 85 years.” 

    MIL OSI Economics –

  • MIL-OSI Economics: IADC’s First Geothermal Drilling Conference Draws a Crowd

    Source: International Association of Drilling Contractors – IADC

    Headline: IADC’s First Geothermal Drilling Conference Draws a Crowd

    The inaugural IADC Geothermal Drilling Conference & Exhibition took place 25-26 March in Vienna, Austria. Over 250 attendees showed up to take part in conversations about the future of geothermal drilling. 

    Opening and keynote presentations were given by: 

    • Angelika Zartl-Klik, Senior Vice President Low Carbon Business and Renewable Energy & Bernhard Novotny, Project Director Geothermal, OMV
    • Marit Brommer, Chief Executive Officer, International Geothermal Association
    • Bruce Gatherer, Business Development and Drilling Advisor, Iceland Drilling

    During the event, IADC and the International Geothermal Association signed a new MOU, ensuring future collaboration and further partnership in the advancement of geothermal.

    According to IGA CEO Marit Brommer:

    “To fully unlock geothermal’s potential, we must remove the bottlenecks—and permitting is at the top of the list. With IGA and IADC working side by side, we’re building the trust, alignment, and momentum needed to turn endorsement into action.” 

    Drilling Contractor Interviews from the 2025 IADC Geothermal Drilling Conference

    IADC completes inaugural Geothermal Conference in Vienna

    As an emerging source of renewable energy for the world, geothermal holds vast potential for drilling contractors not only in terms of new applications for existing drilling rigs but also in terms of potential contributions to the world’s carbon emissions reduction efforts.

    At IADC’s first-ever Geothermal Conference, held 25-26 March in Vienna, Austria, DC spoke with Lars Nydahl Jorgensen, IADC Regional Director for Europe and staff liaison for the IADC Geothermal Committee, about geothermal’s value proposition for the global drilling industry, as well as key takeaways from the conference.

    European Geothermal Energy Council: Few “tweaks” needed for geothermal to go mainstream

    While geothermal energy makes up a miniscule slice of the global energy mix today, it holds great potential that’s waiting to be tapped, and Sanjeev Kumar, Head of Policy at the European Geothermal Energy Council, said he believes only a few tweaks are needed to make geothermal go mainstream.

    Speaking with DC, Mr Kumar discussed the regulatory framework that currently exists for geothermal energy, as well as how European policymakers view geothermal versus other renewable energy sources. He also speaks to why “levelized cost of energy” may not be the best metric with which to analyze the potential for geothermal.

    OMV hosts IADC Geothermal Conference attendees at Hydros drilling site in Vienna

    On 27 March, OMV hosted nearly 100 attendees of the IADC Geothermal Conference on a tour of the Hydros geothermal project as it was drilling ahead within the city limits of Vienna, Austria.

    During the tour, DC spoke with Alexander Heger, Head of Well Delivery for OMV, about the status and goals of the pioneering project, as well as OMV’s views on the future of geothermal.

    IADC Geothermal Committee presents Well Classification system, previews Risk Index

    The IADC Geothermal Committee presented its recently launched Geothermal Well Classification at the inaugural Geothermal Conference. Scott Farmer, Committee Chairman and Well Engineering Manager for H&P, spoke with DC during the conference about the three levels of the classification system – project, site and well levels – as well as key feedback that has been received from the industry so far. He also provides a preview of the IADC Geothermal Well Risk Index, a beta version of which is expected to be launched later this year.

    Thank you to everyone who attended, presented, exhibited, sponsored, and organized this conference!

    MIL OSI Economics –

  • MIL-OSI USA: Huffman, Velázquez, Ocasio-Cortez, and Hernández Press DOE to Deploy Renewable Energy Funds for Puerto Rico

    Source: United States House of Representatives – Congressman Jared Huffman Representing the 2nd District of California

    April 10, 2025

    Washington, D.C. – Today, Representatives Jared Huffman (D-CA), Nydia M. Velázquez (D-NY), Alexandria Ocasio-Cortez (D-NY), and Pablo José Hernández (D-PR) urged the Department of Energy (DOE) to accelerate solar installations under Puerto Rico Energy Resilience Fund’s (PR-ERF) programs, warning that continued delays could have severe consequences for vulnerable communities across the island.
     
    “Every hurricane season we fail to act, we risk lives,” the lawmakers wrote. “The funding has been obligated, the technology exists, and the urgent need for these programs is clear. We call on the Department to move swiftly to fulfill the intent of Congress and protect the people of Puerto Rico.”
     
    Congress established the PR-ERF with $1 billion through the FY2023 Consolidated Appropriations Act, thanks to the leadership of the late Representative Raúl M. Grijalva. Lawmakers were explicit that the funding support rooftop solar and battery storage systems for last-mile communities and individuals with electricity-dependent disabilities and medical conditions.
     
    “This request was made in response to both the proven reliability of rooftop solar and battery systems, which consistently preserved power during major storms, and to direct appeals from residents across Puerto Rico urging Congress to lower the cost barriers for acquiring these systems,” the Members wrote. “These stakeholders specifically emphasized the need for rooftop solar systems to mitigate the disproportionate health impacts and mortality for elderly residents and residents with disabilities, as was seen during Hurricane María in 2017 and Hurricane Fiona in 2022.”
     
    In the letter, the lawmakers applauded the launch of the DOE’s Solar Access Program and call on the Department to accelerate installations without delay. They also urged immediate action on the Resilient Communities Program, which remains stalled, noting that the Department has not yet finalized agreements to release $365 million intended to enhance energy security in multi-family housing properties and community healthcare facilities.
     
    “With hurricane season quickly approaching, any further delay risks severe consequences,” continued the lawmakers. “In Puerto Rico, where power outages are frequent and backup power is often out of reach for many, the failure to deploy decentralized energy systems puts lives at risk.”
     
    The letter underscores that rooftop solar with battery storage is the most practical and proven way to improve energy security in Puerto Rico. Tens of thousands of systems already in use produce 1.1 gigawatts of power and help prevent up to 56 hours of outages each year by supplying electricity directly to homes. The PR-ERF will expand this network and strengthen the island’s ability to avoid blackouts during peak demand.
     
    In the letter, the Members request a briefing from DOE on the PR-ERF’s progress, including a timeline for finalizing agreements and launching installations.
     
    Read the full letter.
     

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    Previous Article

    MIL OSI USA News –

  • MIL-OSI USA: EIA expects less oil demand and lower oil and gasoline prices in an uncertain market

    Source: US Energy Information Administration

    U.S. ENERGY INFORMATION ADMINISTRATION
    WASHINGTON DC 20585

    FOR IMMEDIATE RELEASE
    April 10, 2025

    The U.S. Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026, which contributes to significantly lower oil prices than previously forecast.

    In its April Short-Term Energy Outlook (STEO), EIA points out significant uncertainties in energy supply, demand, and prices.

    The STEO is based on current market conditions, and in the first week of April, numerous developments affected the global market—especially oil markets. On April 2, President Donald J. Trump signed an Executive Order announcing a minimum 10% tariff on imports from all countries, which also included higher tariffs on some countries. On April 4, China responded by imposing 34% tariffs on imports from the United States. Amid the tariff announcements, OPEC+ members announced on April 3 that some countries will start oil production increases in May that were originally set for July.

    These announcements caused the Brent crude oil spot price to fall by 12% on April 2 to $68 per barrel on April 4. EIA completed its forecasts on April 7, so the April STEO includes some of the recent changes in the energy market, but the agency expects continued volatility as market participants respond to further developments.

    U.S. energy market indicators 2024 2025 2026
    Brent crude oil spot price (dollars per barrel) $81 $68 $61
    Retail gasoline price (dollars per gallon) $3.30 $3.10 $3.10
    U.S. crude oil production (million barrels per day) 13.2 13.5 13.6
    Natural gas price at Henry Hub (dollars per million British thermal units) $2.20 $4.30 $4.60
    U.S. liquefied natural gas gross exports (billion cubic feet per day) 12 15 16
    Shares of U.S. electricity generation       
    Natural gas 42% 40% 40%
    Coal 16% 16% 15%
    Renewables 23% 25% 27%
    Nuclear 19% 19% 19%
    U.S. GDP (percentage change) 2.8% 2.0% 2.0%
    U.S. CO2 emissions (billion metric tons) 4.8 4.8 4.7
    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, April 2025
    Note: Values in this table are rounded and may not match values in other tables in the STEO.

    Some key highlights from the April STEO include:

    • Global oil supply, demand, and prices: EIA expects continued growth in U.S. and global oil production as OPEC+ accelerates its previously announced production increases and the United States exempts energy from its recently announced tariffs. EIA expects global oil inventories to increase starting in the middle of 2025, but market uncertainty could lead to lower economic growth, which could lead to less growth in demand for petroleum products than EIA had previously forecast. The combination of growing supply and lower demand leads EIA to expect the Brent crude oil price to average less than $70 per barrel in 2025 and fall to an average of just over $60 per barrel in 2026. Those prices are about 10% lower than the March STEO forecast and reflect more uncertainty around global oil demand growth as well the potential for additional supply from OPEC+ in the coming months.
    • Other uncertainties in EIA’s oil price forecasts include existing sanctions on Russia, Iran, and Venezuela, which also could affect oil prices.
    • Gasoline prices: EIA forecasts the U.S. retail price for regular-grade gasoline to average about $3.10 per gallon this summer, mostly because of expected lower crude oil prices. If the forecast holds, this price would be the lowest inflation-adjusted summer average gasoline price since 2020.
    • U.S. propane markets: Among energy products, EIA expects China’s retaliatory tariffs on U.S. goods will have the largest effect on propane because China is typically a major importer of U.S. propane. Some propane previously exported to China will likely find new destinations, but EIA expects that reduced propane export demand will cause propane inventories on the U.S. Gulf Coast to rise and put downward pressure on the Mt. Belvieu propane spot price.
    • Natural gas demand: EIA expects U.S. natural gas demand to grow by 4% in 2025, averaging just over 115 billion cubic feet per day. This increase is led by a 18% increase in exports and a 9% increase in residential and commercial consumption for space heating. The increase in natural gas exports is driven primarily by growth in liquefied natural gas (LNG) exports as two new LNG export facilities—Plaquemines Phase 1 and Golden Pass LNG—ramp up operations.
    • Although China announced on April 7 that it would no longer import U.S. LNG, EIA expects that ample global demand for LNG and flexible destination clauses in U.S. LNG contracts mean U.S. LNG exports will be largely unaffected by recent trade policy developments.
    • Natural gas inventories and prices: U.S working natural gas inventories ended the withdrawal season 6% below the five-year average because cold weather in January and February resulted in more natural gas than average being withdrawn from storage. EIA continues to expect higher natural gas prices this year, with the Henry Hub price averaging about $4.30 per million British thermal units (MMBtu) in 2025, up $2.10 per MMBtu from 2024. EIA expects the annual average price to increase in 2026 to about $4.60 per MMBtu.
    • Trade policy assumptions: The U.S. macroeconomic outlook used in the STEO is based on S&P Global’s macroeconomic model. Although that model was released in mid-March and does not completely reflect the trade policies announced the first week of April, its assumptions are partly in line with what the President announced on April 2. S&P Global’s forecast assumes an increasing universal tariff that will reach 10% by the end of 2025 and a higher rate on U.S. imports from China. We use Oxford Economics for our global GDP forecast, which was also completed in mid-March, prior to the most recent tariff announcements.

    The full April 2025 Short-Term Energy Outlook is available on the EIA website.

    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 Program Contact: Tim Hess, STEO@eia.gov
    EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

    MIL OSI USA News –

  • MIL-OSI Economics: EIA expects less oil demand and lower oil and gasoline prices in an uncertain market

    Source: US Energy Information Administration – EIA

    Headline: EIA expects less oil demand and lower oil and gasoline prices in an uncertain market

    U.S. ENERGY INFORMATION ADMINISTRATION
    WASHINGTON DC 20585

    FOR IMMEDIATE RELEASE
    April 10, 2025

    The U.S. Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026, which contributes to significantly lower oil prices than previously forecast.

    In its April Short-Term Energy Outlook (STEO), EIA points out significant uncertainties in energy supply, demand, and prices.

    The STEO is based on current market conditions, and in the first week of April, numerous developments affected the global market—especially oil markets. On April 2, President Donald J. Trump signed an Executive Order announcing a minimum 10% tariff on imports from all countries, which also included higher tariffs on some countries. On April 4, China responded by imposing 34% tariffs on imports from the United States. Amid the tariff announcements, OPEC+ members announced on April 3 that some countries will start oil production increases in May that were originally set for July.

    These announcements caused the Brent crude oil spot price to fall by 12% on April 2 to $68 per barrel on April 4. EIA completed its forecasts on April 7, so the April STEO includes some of the recent changes in the energy market, but the agency expects continued volatility as market participants respond to further developments.

    U.S. energy market indicators 2024 2025 2026
    Brent crude oil spot price (dollars per barrel) $81 $68 $61
    Retail gasoline price (dollars per gallon) $3.30 $3.10 $3.10
    U.S. crude oil production (million barrels per day) 13.2 13.5 13.6
    Natural gas price at Henry Hub (dollars per million British thermal units) $2.20 $4.30 $4.60
    U.S. liquefied natural gas gross exports (billion cubic feet per day) 12 15 16
    Shares of U.S. electricity generation       
    Natural gas 42% 40% 40%
    Coal 16% 16% 15%
    Renewables 23% 25% 27%
    Nuclear 19% 19% 19%
    U.S. GDP (percentage change) 2.8% 2.0% 2.0%
    U.S. CO2 emissions (billion metric tons) 4.8 4.8 4.7
    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, April 2025
    Note: Values in this table are rounded and may not match values in other tables in the STEO.

    Some key highlights from the April STEO include:

    • Global oil supply, demand, and prices: EIA expects continued growth in U.S. and global oil production as OPEC+ accelerates its previously announced production increases and the United States exempts energy from its recently announced tariffs. EIA expects global oil inventories to increase starting in the middle of 2025, but market uncertainty could lead to lower economic growth, which could lead to less growth in demand for petroleum products than EIA had previously forecast. The combination of growing supply and lower demand leads EIA to expect the Brent crude oil price to average less than $70 per barrel in 2025 and fall to an average of just over $60 per barrel in 2026. Those prices are about 10% lower than the March STEO forecast and reflect more uncertainty around global oil demand growth as well the potential for additional supply from OPEC+ in the coming months.
    • Other uncertainties in EIA’s oil price forecasts include existing sanctions on Russia, Iran, and Venezuela, which also could affect oil prices.
    • Gasoline prices: EIA forecasts the U.S. retail price for regular-grade gasoline to average about $3.10 per gallon this summer, mostly because of expected lower crude oil prices. If the forecast holds, this price would be the lowest inflation-adjusted summer average gasoline price since 2020.
    • U.S. propane markets: Among energy products, EIA expects China’s retaliatory tariffs on U.S. goods will have the largest effect on propane because China is typically a major importer of U.S. propane. Some propane previously exported to China will likely find new destinations, but EIA expects that reduced propane export demand will cause propane inventories on the U.S. Gulf Coast to rise and put downward pressure on the Mt. Belvieu propane spot price.
    • Natural gas demand: EIA expects U.S. natural gas demand to grow by 4% in 2025, averaging just over 115 billion cubic feet per day. This increase is led by a 18% increase in exports and a 9% increase in residential and commercial consumption for space heating. The increase in natural gas exports is driven primarily by growth in liquefied natural gas (LNG) exports as two new LNG export facilities—Plaquemines Phase 1 and Golden Pass LNG—ramp up operations.
    • Although China announced on April 7 that it would no longer import U.S. LNG, EIA expects that ample global demand for LNG and flexible destination clauses in U.S. LNG contracts mean U.S. LNG exports will be largely unaffected by recent trade policy developments.
    • Natural gas inventories and prices: U.S working natural gas inventories ended the withdrawal season 6% below the five-year average because cold weather in January and February resulted in more natural gas than average being withdrawn from storage. EIA continues to expect higher natural gas prices this year, with the Henry Hub price averaging about $4.30 per million British thermal units (MMBtu) in 2025, up $2.10 per MMBtu from 2024. EIA expects the annual average price to increase in 2026 to about $4.60 per MMBtu.
    • Trade policy assumptions: The U.S. macroeconomic outlook used in the STEO is based on S&P Global’s macroeconomic model. Although that model was released in mid-March and does not completely reflect the trade policies announced the first week of April, its assumptions are partly in line with what the President announced on April 2. S&P Global’s forecast assumes an increasing universal tariff that will reach 10% by the end of 2025 and a higher rate on U.S. imports from China. We use Oxford Economics for our global GDP forecast, which was also completed in mid-March, prior to the most recent tariff announcements.

    The full April 2025 Short-Term Energy Outlook is available on the EIA website.

    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 Program Contact: Tim Hess, STEO@eia.gov
    EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

    MIL OSI Economics –

  • MIL-OSI USA: Rep. Pfluger Presses Biden Administration Officials on Decision to Ban LNG Exports

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    WASHINGTON, D.C. — Congressman August Pfluger (TX-11), a member of the House Energy and Commerce Committee, questioned witnesses in the full committee hearing yesterday titled, “Converting Energy into Intelligence: The Future of AI Technology, Human Discovery, and American Global Competitiveness.”

    Earlier this year, four Department of Energy (DOE) sources revealed that the Biden administration intentionally withheld a final draft of a study that could have challenged the administration’s decision to ban LNG exports in January 2024. The decision to bury this study raises significant concerns about transparency within the Biden administration’s DOE, especially given that the study revealed LNG exports would lower emissions.

    Restricting the free flow of commodities discourages investment in critical infrastructure, such as pipelines, which in turn affects downstream consumption – ultimately making it more difficult to supply the energy needed to power data centers across the country. This is why during the hearing, Rep. Pfluger questioned David Turk, who served as the Deputy Secretary of Energy during the Biden Administration, on the former administration’s decision to pause natural gas exports despite reports that countered this decision.

    Watch Rep. Pfluger’s full line of questioning HERE or read highlights from his interaction with Mr. Turk below.

    Rep. Pfluger: Were you aware of the 2023 study’s findings prior to the January 26 decision to indefinitely ban new export authorizations under section three of the Natural Gas Act?

    Mr. Turk: So we didn’t ban any. We did the study in order to take a step back because we’ve authorized so much. Up to half of our natural gas production right now is authorized to actually go abroad and to be sold, including to China. So what we did was take a pause to complete the study. 

    Rep. Pfluger: Pause, ban, we can debate this all day long. But why was the study not released immediately after it was done?

    Mr. Turk: So it was. We released the study once the efforts finished the study. 

    Rep. Pfluger: Do you disagree that the study was more favorable to LNG than the Biden administration would have liked, and that’s why there was a pause put on LNG exports?

    Mr. Turk: The pause was so that we could do the study before making decisions and to actually have our independent experts, and the independent experts in our national labs were the ones who did the study.

    Rep. Pfluger: So do you agree that the emissions of natural gas were better and more consistent and actually more favorable than what you claimed and what Secretary Granholm claimed in the attempt to ban natural gas exports? 

    Mr. Turk: So LNG exports have a very, very significant greenhouse gas footprint. So just one project, we’re talking 4 BCF per day, that project itself has more emissions throughout the life cycle, methane emissions, but CO two combustion when that gas is burned, than 141 countries in our world. Just one facility, 141 countries in our world. That’s pretty significant. 

    Rep. Pfluger: So you stand by your decision to ban LNG exports?

    Mr. Turk: Again, we did a pause so we could do the study so that any Secretary of State could have a good independent analysis.

    Rep. Pfluger: Your decision to do that is going to impact these guys right here. It’s going to impact our ability to provide power for the AI data center.

    Background:

    This questioning follows news first reported on by the Daily Caller claiming that Biden Administration officials ‘intentionally buried’ studies to justify their major crackdown on energy.

    Rep. Pfluger also introduced the “Unlocking our Domestic LNG Potential Act” earlier this year to shift responsibility for approving liquefied natural gas (LNG) projects out of the Department of Energy’s (DOE) hands after the department unilaterally froze approvals for such projects for most of 2024 under the Biden administration.

    MIL OSI USA News –

  • MIL-OSI USA: Pallone Advances TICKET Act After Musk Blocked Consumer Reform Last Year

    Source: United States House of Representatives – Congressman Frank Pallone (6th District of New Jersey)

    WASHINGTON, DC – Congressman Frank Pallone, Jr. (NJ-06) announced that the bipartisan TICKET Act—a major consumer protection bill to crack down on deceptive ticketing practices—was approved today by the House Energy and Commerce Committee. Pallone, the Committee’s top Democrat, helped broker a bipartisan agreement last year to pass the bill, but it was blocked by Republicans at the eleventh hour after Elon Musk tweeted his opposition to the legislative package, which included the Pascrell-Pallone provision to deliver transparency and major savings to concertgoers.

    “We had a deal to pass the TICKET Act last year as part of a broader spending agreement but that deal was blown up by a tweet from billionaire Elon Musk,” said Pallone. “A billionaire torpedoed a bipartisan consumer protection package, and Republicans let it happen. Today’s vote moves us one step closer to finally delivering relief for fans.”

    The TICKET Act requires upfront pricing for all live event tickets, bans speculative ticket listings, guarantees refunds for canceled or postponed events, and prohibits misleading resale sites. 

    Pallone has long championed consumer protections in the ticketing industry, introducing the BOSS and SWIFT Act in 2023 alongside his late colleague, Congressman Bill Pascrell (NJ-09). Key provisions from that bill are included in the TICKET Act.

    “My friend Bill Pascrell was a fearless advocate for fairness in the ticketing marketplace,” Pallone said. “He knew what a racket this system had become, and he fought every day to make it better for fans. Today’s vote reflects years of work we did together to stop hidden fees, deceptive websites, and price gouging.”

    Pallone also criticized President Donald Trump’s executive order on ticket pricing, signed last week, as a hollow alternative to real legislative action.

    “Trump’s executive order was nothing more than a headline grab. If Republicans are serious about fixing this broken system, they should work with us to bring the TICKET Act up for a vote on the House floor right away,” Pallone said. “Our bill actually delivers real reforms that consumers have been demanding for years.”

    The House Energy and Commerce Committee, which has jurisdiction over consumer protection and the ticketing industry, passed the TICKET Act with bipartisan support during Tuesday’s markup. The bill must now be passed by the full House. 

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Kelly, Health Subcommittee Democrats March to Health Department, RFK Jr. Refuses to Meet

    Source: United States House of Representatives – Congresswoman Robin Kelly IL

    WASHINGTON – U.S. Rep. Robin Kelly (IL-02), Ranking Member Diana DeGette (CO-01), and five more members of the Energy & Commerce Health Subcommittee marched to the Department of Health and Human Services (HHS) today to demand a meeting with Secretary Robert F. Kennedy Jr. After waiting in the lobby for almost half an hour, Secretary Kennedy nor his office responded to schedule a meeting to explain recent layoffs and restructuring of HHS.

    “RFK Jr. is a coward. He followed orders from Elon Musk to fire 10,000 HHS employees, eliminated half of the HHS regional offices – including the one in Chicago that serves the Midwest – and now refuses to answer questions,” said Rep. Kelly. “Americans’ health should not be in the hands of RFK Jr., who refutes basic scientific truths. These DOGE-led layoffs are cruel, politically motivated, and will irreversibly damage public health.”

    On March 27, Secretary Kennedy announced the termination of 10,000 employees, bringing the total number of layoffs to 20,000 at HHS. He has refused to brief the House health subcommittee and Senate committee.

    Five out of 10 HHS regional offices in Boston, New York City, San Francisco, Seattle and Chicago were closed, notably affecting liberal regions of the country. These offices served a total of 22 states and 166 million Americans.

    MIL OSI USA News –

  • MIL-OSI USA: Welch Calls Out Trump Administration for Abandoning Afghan Refugees Facing Persecution

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) yesterday spoke on the Senate Floor on how President Trump’s January 20th Executive Order suspending admission to the United States for Afghan refugees has left vulnerable families stranded and abandoned thousands who face persecution.
    In his remarks, Senator Welch urged Congress to expedite the resettlement of Afghan refugees, many of whom worked with, and for, the U.S. government, our diplomats, and our intelligence officers. Senator Welch praised the Vermont Afghan Alliance and other resettlement organizations which have connected Afghans to state and local services. He also urged Congress and the Trump Administration to streamline and overhaul the resettlement process.  
    “I so appreciate the work of the Vermont Afghan Alliance, and the many other refugee assistance organizations around the country. They have been indispensable in helping us meet our obligation to support the Afghans who helped our soldiers—that’s our obligation. But ultimately, resettlement is the responsibility of the federal government…This population of refugees exists, I state again, because of their work with and for our government, for our soldiers, for our diplomats, and our intelligence officers. We have abandoned our partners in their time of need,” said Senator Welch. 
    “We have to meet our commitments to people who helped us…So, this must be an opportunity to expedite, expedite the resettlement to the United States of these Afghan refugees who trusted in us and whose lives are very much at risk.” 
    Watch Senator Welch’s speech below: 
    Read a key excerpt from Senator Welch’s remarks: 
    “The Trump Administration’s termination of USAID’s assistance programs in more than a hundred countries—including Afghanistan—without any meaningful review, has caused people everywhere to doubt that they can rely on the United States. We’re putting our reputation in jeopardy. And President Trump and Secretary Rubio provided literally no credible explanation or justification, in clear violation of Congress’ intent with the destruction of these USAID programs.  
    “But by abandoning thousands of Afghans, who do face persecution if forced to return, we reinforce those doubts. And by doing so, we encourage those who have long seen the United States as a world leader and as a partner to look for more reliable partners elsewhere—bad for our national security… 
    “There’s no justification for us to abandon them. You know, I’m really concerned about the Administration’s—what I see as an increasingly brazen flaunting of court orders. And I think all of us in Congress should condemn any deviation from abiding by court orders by the Administration. And I hope the Administration’s review of the refugee admissions is not another pretext review like we had—supposedly—of the USAID programs. It cannot, it cannot be an excuse to manufacture a false justification for abandoning the victims of our nation- building’s debacle. We have to take ownership of what it is we did.” 
    Senator Welch’s Committee and Subcommittee Assignments for the 119th Congress include:   
    Senate Committee on Finance   
    Senate Committee on Agriculture, Nutrition, & Forestry
    Ranking Member, Subcommittee on Rural Development, Energy, and Credit   
    Senate Committee on the Judiciary
    Ranking Member, Subcommittee on the Constitution   
    Senate Committee on Rules & Administration  

    MIL OSI USA News –

  • MIL-OSI: Change of Name

    Source: GlobeNewswire (MIL-OSI)

    If you are in any doubt about the course of action to take, you should consult your stockbroker, bank manager, solicitor, accountant or other professional advisor.

    If you have sold or transferred all your shares in WisdomTree Issuer ICAV please forward this document to the purchaser or transferee, or to the stockbroker, bank manager or other agent through whom the sale or transfer was effected.

    10 April 2025

    Dear Shareholder

    WisdomTree Issuer ICAV (the “ICAV”)
    Change of Fund Names and Index Methodology

    The directors of the ICAV (the “Board of Directors”) wish to advise you of a proposed changes to certain sub-funds of the ICAV (the “Funds”) to meet the requirements of EMSA’s guidelines on funds’ names using ESG or sustainability-related terms (the “Guidelines”). The Guidelines are intended to enhance investor protection where funds have names that suggest they meet certain sustainability standards. The Guidlines will apply to the Funds with effect from 21 May 2025.

    A.      The Guidelines requirements for funds’ names.

    For “environmental” related-terms to be used in a fund name, the strategy of the fund must (i) meet an 80% threshold linked to the proportion of investments used to meet the environmental and social characteristics of the fund; and (ii) incorporate the exclusionary criteria for Paris-aligned Benchmarks detailed in Article 12(1)(a) – (g) of Commission Delegated Regulation (EU) 2020/1818 (the “PAB Exclusions”).

    For “transition” to be used in a fund name, in addition to (i) and (ii) above funds must ensure that the investments used to meet the threshold in (i) are on a are on a clear and measurable path to social or environmental transition or are made with the objective to generate a positive and measurable social or environmental impact alongside a financial return.

    For “sustainability-related” terms to be used in a fund name it must, in addition to meeting the requirements at (i) and (ii) above, also commit to investing meaningfully (i.e it must invest at least 50% of its assets) in sustainable investments referred to in Article 2(17) of the SFDR (“Sustainable Finance Disclosure Regulation“).

    B.      Changes to Funds currently using “Transition” and “environmental” terms in their name

    As the below Funds do not not incorporate the PAB exclusions, the Board of Directors have determined it appropriate to rename each Fund (each a “Fund Name Change” and together, the “Fund Name Changes”) to remove “Decarbonisation” and “Energy Transition” where relevant. Accordingly, it is proposed to rename each Fund as follows with effect from 16 April 2025 or such later date as approved by the Central Bank of Ireland (the “Effective Date”).

    Current name New name
    WisdomTree Recycling Decarbonisation UCITS ETF WisdomTree Recycling UCITS ETF        
    WisdomTree Energy Transition Metals and Rare Earths Miners UCITS ETF Wisdomtree Strategic Metals and Rare Earths Miners UCITS ETF

    The Fund Name Changes will be reflected in updated versions of the Supplements for the Funds, as well as the Funds’ KIIDs, PRIIPs KIDs and marketing materials. All other key features of the Funds will remain the same and for the avoidance of doubt, the Funds’ SFDR classifications as Article 8 and investment strategies will be unchanged. Additionally, the amendments will not affect the tracking error between the Funds’ performance and that of their indices.

    WisdomTree, Inc is the index provider in relation to WisdomTree Energy Transition Metals and Rare Earths Miners UCITS ETF. Following consultation, WisdomTree Inc has changed the name of WisdomTree Energy Transition Metals and Rare Earths Miners Index to align with the Fund Name Change described above. The Index name change will take effect on 16 April 2025.

    C.      Index methodology changes

    As “WisdomTree Global Sustainable Equity UCITS ETF” references the term “Sustainability” in its name, the Index used by the Fund has been updated to incorporate the PAB Exclusions (the “Index Methodology Change”). We will be updating the “Index Description” section of the Supplement to reflect these additional exclusions required under the PAB Exclusions which have not resulted in any material change to the Fund. The Index Methodology Change will only cause a change in the underlying components of the Index on its rebalance date, being 16 May 2025. All other key features of the Fund will remain the same and for the avoidance of doubt, the Fund’s SFDR classification as Article 9 will not change and the Fund’s investment strategy and minimum sustainable investment commitment will be unchanged. For more information, please see the updated Index methodology at Solactive Methodology Change | Solactive WisdomTree Global Sustainable Equity UCITS Index

    All capitalised terms used in this notice shall bear the same meaning as the capitalised and defined terms used in the Prospectus.

    Should you have any questions in relation to the above, please do not hesitate to contact WisdomTree UK Limited at Europesupport@wisdomtree.com

    Yours faithfully

    Director
    WisdomTree Issuer ICAV

    The MIL Network –

  • MIL-OSI Security: Update 285 – IAEA Director General Statement on Situation in Ukraine

    Source: International Atomic Energy Agency – IAEA

    The International Atomic Energy Agency (IAEA) has carried out five deliveries of equipment and other technical assistance over the past week as it remains fully focused on helping to prevent a nuclear accident during the military conflict in Ukraine, Director General Rafael Mariano Grossi said today.

    Since the beginning of the conflict more than three years ago, the IAEA has now organised a total of 125 such shipments to 29 counterparts in Ukraine, including its nuclear power plants (NPPs), the national operator Energoatom, the country’s regulator, technical support organizations and laboratories, emergency services, organizations handling radioactive material,  as well as health centres offering medical care to plant personnel and others.

    “This technical support is an important component of the IAEA’s overall efforts aimed at ensuring nuclear safety and security in Ukraine. We will continue to provide such critical assistance to Ukraine, prioritizing areas where it is most urgently needed, thanks to the generous donor support,” Director General Grossi said.

    In recent days, the Kharkiv Institute of Physics and Technology received equipment to enhance nuclear security at the site, the South Ukraine NPP received a whole body counter to monitor internal exposures of its operating staff, USIE Izotop – which manages radioactive material intended for medical, industrial and other purposes – received a forklift to support the safe handling and transport of radioactive material, and the Khmelnytskyy and Rivne NPPs received influenza medication and dental care equipment.

    These deliveries were provided with funding from Japan, the United Kingdom and the European Union. Since the start of the conflict, equipment worth almost 17 million euros has so far reached Ukraine. The IAEA is preparing further assistance for delivery.

    At Ukraine’s nuclear sites, frequent air raid alarms and the sound of explosions in the distance continued to highlight persistent risks to nuclear safety. On the night of 9 April, according to information from the site, eight drones were detected flying within 4 km of the South Ukraine NPP.

    At the Zaporizhzhya NPP (ZNPP), the IAEA team based at the site has continued to conduct regular walkdowns to monitor and assess nuclear safety and security, including to the dry spent fuel storage where the team observed the safety and security arrangements, the on-site radiation monitoring laboratory, and on-site warehouses.

    The team also discussed with the plant upcoming electrical maintenance activities as well as staffing levels, training and qualifications at the ZNPP.

    At the Khmelnytskyy and Rivne NPPs, one reactor at each site remains in shutdown for refuelling. On 5 April, two units at the Rivne site had to temporarily reduce their power output due to grid limitations, highlighting the ongoing difficulties caused by the fragile energy infrastructure. Also this past week, the team at the Khmelnytskyy NPP rotated.

    MIL Security OSI –

  • MIL-OSI USA: MATSUI, SEEC, ENVIRONMENT LAWMAKERS LEAD BICAMERAL LETTER SIGNED TO OPPOSE EPA’S WHOLESALE ASSAULT ON ENVIRONMENTAL AND PUBLIC HEALTH PROTECTIONS

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

    WASHINGTON, D.C. – Congresswoman Doris Matsui, Co-Chair of House Sustainable Energy and Environment Coalition (SEEC), along with Co-Chairs Reps. Mike Quigley, and Paul Tonko and Vice Chairs Reps. Don Beyer, Suzanne Bonamici, Sean Casten, Mike Levin, and Chellie Pingree, along with Rep. Frank Pallone, Jr., Ranking Member of the House Energy and Commerce Committee, and Senator Sheldon Whitehouse, Ranking Member of the U.S. Senate Committee on Environment and Public Works, led a bicameral letter to Environmental Protection Agency (EPA) Administrator Lee Zeldin calling out his wholesale assault on the central mission of the agency he was appointed to lead. They were joined by Democratic Senate Leader Chuck Schumer and Democratic House Leader Hakeem Jeffries, bringing the total to 180 Members of Congress calling on Administrator Zeldin to halt his egregious attacks.

    “In just two months as EPA Administrator, you have demonstrated a complete disregard for the central mission of the agency you were appointed to lead. Instead of protecting the environment – as the agency name directs – you are protecting the special interests of big polluters,” wrote the 180 Members. “We urge you to halt your egregious attacks on the public health and well-being of the American people.”

    They pointed out that, as a result of the Trump EPA repealing and gutting critical environmental and public health protections, communities and families will pay higher health costs and be exposed to more mercury and air toxics from coal-fired power plants and more polluted wastewater from oil and gas producers. 

    “While countries around the world are clamoring for cleaner, cheaper, and more innovative technologies, you are actively hamstringing America’s homegrown clean energy industry, which has already injected $422 billion and 400,000 jobs into our economy in just the past two and a half years,” the lawmakers wrote to Administrator Zeldin. “This is anything but unleashing American energy. At the same time, instead of lowering costs for American families, your actions will result in the opposite. Americans’ medical expenses will increase because your Polluters First agenda will allow particulate matter and other hazardous air pollution to go unchecked.”

    Their letter explained that for every $1 the country spends to reduce air pollution, it is estimated to yield $30 in economic benefits in return. Yet, the Trump EPA is choosing to unleash more air pollutants that are linked to Alzheimer’s, miscarriages, and childhood asthma, as well as other public health concerns.

    “Your actions will needlessly increase American families’ exposure to the pollution that can make them sick and stick them with the bill for their care,” concluded Members.

    The full letter can be found here.

    Background

    On March 12, Administrator Zeldin announced the “biggest deregulatory action in U.S. history,” which included rolling back 31 environmental rules and regulations. This list of actions directly threatens Americans’ health and fundamental right to clean air and water by:

    • Rolling back National Ambient Air Quality Standards for particulate matter – some of the most dangerous air pollution known to directly cause asthma and other health issues;
    • Gutting EPA rules that prevent hazardous metals like mercury and arsenic from ending up in our water supply;
    • Reconsidering national emissions standards for cancer-causing hazardous air pollutants, including ethylene oxide;
    • Ending the “Good Neighbor” rule, which simply acknowledged that pollution does not respect state lines and that downwind states should not be burdened by their neighbors’ pollution;
    • Repealing power plant emissions standards, allowing existing gas and coal-fired power plants to pump unlimited climate pollution into our air; and
    • Revoking the landmark “Endangerment Finding” that simply states climate-changing pollutants are dangerous to human health, and which serves as the foundation for climate pollution to be regulated under the Clean Air Act.

    And more.

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: Stauber Applauds Trump’s Executive Order to Reinvigorate Coal Industry

    Source: United States House of Representatives – Congressman Pete Stauber (MN-08)

    WASHINGTON, D.C. – Congressman Pete Stauber (MN-08) made the following statement after attending the Unleashing American Energy Event at the White House, where President Donald Trump signed an Executive Order to reinvigorate America’s coal industry.

    “Coal is one of the most reliable and abundant sources of energy available to us, yet the previous administration did nearly everything in their power to eliminate the coal industry,” said Representative Stauber. “I applaud President Trump for taking decisive action to end Biden’s war on coal and boost America’s energy independence. This Executive Order represents a significant victory for American miners, many of whom are returning to work, and for American consumers, who will benefit from lower energy prices soon. The Golden Age of America is truly underway.”

    President Trump’s Executive Order on coal does the following:

    • Designates coal as a critical mineral.
    • Directs agencies to identify coal resources on federal lands, lift barriers to coal mining, and prioritize coal leasing on these lands.
    • Directs the Secretary of the Interior to acknowledge the end of the Jewell Moratorium, which paused coal leasing on federal lands.
    • Requires agencies to rescind any agency policy that seeks to transition the nation away from coal production.
    • Directs CEQ to assist agencies in adopting coal-related categorical exclusions under NEPA.
    • Seeks to promote coal and coal technology exports, facilitate international offtake agreements for U.S. coal, and accelerate development of coal technologies.
    • Calls the Secretary of Energy to determine whether coal used in the production of steel meets the definition of a “critical mineral” and “critical material” under the Energy Act of 2020, and if so, add it to the relevant lists.
    • Pushes for using coal to power new artificial intelligence (AI) data.

    ###

    MIL OSI USA News –

  • MIL-OSI: National Fuel Schedules Second Quarter Fiscal 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    WILLIAMSVILLE, N.Y., April 10, 2025 (GLOBE NEWSWIRE) — National Fuel Gas Company (NYSE: NFG) today announced it will release its second quarter fiscal 2025 earnings results on Wednesday, April 30, 2025 after market close.

    A conference call to discuss the results will be held on Thursday, May 1, 2025 beginning at 9:00 a.m. ET. Prepared remarks from the executive team are planned for approximately 20 minutes followed by a question and answer session.

    All participants must pre-register to join this conference using the Participant Registration link.

    A webcast link to the conference call will be provided under the Events Calendar on the NFG Investor Relations website at investor.nationalfuelgas.com.

    A replay will be available following the call through the end of the day, Thursday, May 8, 2025. To access the replay, dial 1-866-813-9403 and provide Access Code 458634.

    For additional information, contact:
    Natalie Fischer, Director of Investor Relations (716) 857-7315
    Kathryn Nikisch-Hoffman, Equity Plan Administrator (716) 857-7340
    Karen Merkel, Media Contact (716) 857-7654
    Email: nfg_investor_relations@natfuel.com

    National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.

    The MIL Network –

  • MIL-OSI: Amongst Volatility in The Markets, More Organizations Embrace Bitcoin, Adding Cryptocurrency to Their Treasury

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., April 10, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – A growing number of organizations are embracing Bitcoin as a financial asset, adding the cryptocurrency to their Treasury in order to safeguard wealth, as well as capitalize on other benefits. A recent article by industry insiders, Consultancy-me.com, outlines the opportunities that arise from integrating Bitcoin into corporate treasury strategies. It said: “The radical perception of Bitcoin in corporate treasuries is now a strategic reality, fostering a fundamental reassessment of traditional financial management. Well-known examples of companies embracing Bitcoin as a financial reserve include MicroStrategy (which holds over 100,000 Bitcoins), Tesla, Block (formerly Square), Galaxy Digital, energy multinational Aker, and even traditional financial institutions like Fidelity. Other companies worldwide too have made headlines by strategically allocating significant portions of their capital to Bitcoin, solidifying their perception as a crucial hedge against growing global economic uncertainties and an effective store of long-term value. The accelerating adoption of Bitcoin has prompted businesses to seriously consider integrating cryptocurrencies into their core treasury strategies. This approach offers various benefits, such as protecting against inflation, reducing reliance on traditional financial institutions, and increasing liquidity. Companies drawn to Bitcoin viewing the cryptocurrency as a robust store of value capable of mitigating the erosion caused by inflationary trends. By holding Bitcoin, companies also hope to capitalize on its potential for long-term appreciation.” Active companies in news today include: KULR Technology Group, Inc. (NYSE: KULR), MicroStrategy® Incorporated (NASDAQ: MSTR), Rumble (NASDAQ: RUM), MARA Holdings, Inc. (NASDAQ: MARA), Riot Platforms, Inc. (NASDAQ: RIOT).

    The article continued: “Many companies are pioneering advanced treasury management strategies, tactically integrating Bitcoin and stablecoins to achieve optimal financial performance. Integrating Bitcoin into corporate treasuries presents a complex risk-reward scenario. While the potential for diversification and increased liquidity is attractive, the volatility of Bitcoin and the uncertain regulatory landscape necessitate a cautious approach. Added to this are the operational complexities and the need for specialized expertise. Worldwide, the trend of adding Bitcoin to corporate treasuries is still in its early stages, but it is reshaping how businesses approach asset management. With more companies likely to follow the lead of pioneers like MicroStrategy, Bitcoin is becoming an increasingly important part of the corporate finance landscape. However, challenges related to volatility, regulation, and security must be addressed for widespread adoption to occur. If the adoption of Bitcoin by corporate treasuries picks up, its pace will be gradual. Early adopters, such as those in the tech sector, may pave the way, followed by more traditional companies as the infrastructure and regulatory landscape mature.”

    KULR Technology Group, Inc. (NYSE American: KULR) CEO Michael Mo to Speak at Strategy World 2025 – Silver Sponsorship will support AI and Bitcoin focused conference hosted by Strategy – KULR Technology Group, Inc. (the “Company” or “KULR”) ($KULR), a leader in advanced energy management platforms, today announced that CEO and Co-Founder Michael Mo will speak at Strategy World 2025, the premier global conference focusing on AI and BI innovation, as well as the power of Bitcoin treasuries for corporations. KULR is a Silver sponsor of the conference – hosted by Strategy (NASDAQ: MSTR), formerly MicroStrategy – which will be held between May 5th and May 8th in Orlando, Florida.

    KULR is proud to support Strategy, the world’s largest Bitcoin Treasury Company, as they convene industry leaders, data innovators, and transformation-seeking businesses to discuss how two groundbreaking technologies – AI and Bitcoin – can be leveraged within business intelligence to transform individual companies and entire industries. The four-day event will include hands-on workshops, networking opportunities, and cutting-edge content to drive business success in data analytics and corporate strategy.

    In December 2024, KULR announced the launch of its Bitcoin treasury strategy following its Board of Directors’ agreement to include Bitcoin (“BTC”) as a primary asset in the Company’s treasury program. To date, KULR has purchased over 660 BTC – representing over $65 million in value – and has committed to allocating up to 90% of its surplus cash to BTC. By sponsoring Strategy World 2025 at the Silver level, KULR aims to promote discussion around the benefits of a Bitcoin treasury and engage with fellow business leaders who are on a similar path, ultimately furthering industry knowledge and efforts around both Bitcoin and AI.

    Mr. Mo will participate in the “Corporate Bitcoin Success Stories” panel on Tuesday, May 6th starting at 3:20 PM ET to discuss insights and learnings from KULR’s Bitcoin treasury strategy. His presentation will begin at 4:35 PM ET. The panel will include five case studies in which corporate leaders share why they adopted a Bitcoin strategy, how it aligned with their operating models, challenges they faced, and the impact since making the switch. Fellow panelists will include leaders from Semler Scientific, Metaplanet, MARA, and Jetking.

    “Having received insightful advice from Michael Saylor on leveraging Bitcoin as a core asset, we’ve taken steps to position our treasury for long-term growth and stability. This is part of our focus on distributed and decentralized systems, which also includes developing energy management solutions for the AI-enabled world,” said Mr. Mo. “As a Silver sponsor of Strategy World 2025, we’re excited to share our journey with AI and discuss the future of treasury strategies, as Bitcoin increasingly enters the corporate world.”

    KULR recently rebranded their Company website to KULR.ai. This reflects the Company’s integration of AI across its solutions, such as AI-driven software incorporated into battery management systems (BMS). Earlier this year, KULR announced a partnership with EDOM Technology to expand its energy management solutions across the global AI supply chain, ensuring data storage systems in AI-powered infrastructures remain efficient, reliable, and scalable. CONTINUED… Read this entire press release and more news for KULR at: https://www.financialnewsmedia.com/news-kulr/

    In other developments in the markets of note:

    Marathon Digital Holdings, Inc. (NASDAQ: MARA), a global leader in leveraging digital asset compute to support the energy transformation, recently announced that the Company is mining Kaspa (KAS), a proof-of-work (PoW) digital asset, to further diversify its portfolio of digital asset compute.

    Kaspa is currently the fifth largest proof-of-work digital asset by market cap. It boasts a market cap of $3.9 billion with approximately $64.8 million in daily trading volume as of June 25, 2024. The circulating supply is approximately 24 billion KAS with a current block reward of 103.83 KAS, and the terminal supply is capped at 28.7 billion KAS.

    Similar to Bitcoin, Kaspa is an open-source, decentralized, and fully scalable Layer-1 protocol that uses proof-of-work as its consensus mechanism. However, unlike Bitcoin’s blockchain, which is linear and processes one block every ten minutes, Kaspa utilizes a BlockDAG (Directed Acyclic Graph) that enables multiple blocks to be produced simultaneously. The Kaspa network currently processes one block every second, allowing for faster transactions and providing Kaspa miners with the opportunity to potentially earn more block rewards in a given time frame.

    Riot Platforms, Inc. (NASDAQ: RIOT) recently launched www.ABetterBitfarms.com in connection with its requisition of a special meeting of shareholders (the “Special Meeting”) of Bitfarms Ltd. (BITF) (“Bitfarms” or the “Company”) to reconstitute the Bitfarms Board of Directors (the “Bitfarms Board”). As disclosed in Riot’s June 24, 2024 press release, Riot has nominated three director nominees (the “Nominees”) – John Delaney, Amy Freedman and Ralph Goehring – for election to the Bitfarms Board at the Special Meeting. The Special Meeting will also give Bitfarms shareholders the opportunity to vote on the removal of Bitfarms Chairman Nicolas Bonta and directors Andrés Finkielsztain and Fanny Philip. (Ms. Philip was recently appointed by the Bitfarms Board to fill the vacancy created by the resignation of co-founder Emiliano Grodzki, who was voted off the Bitfarms Board at the Company’s most recent Annual General and Special Meeting of Shareholders).

    Rumble Inc. (NASDAQ: RUM) recently announced financial results for the fiscal fourth quarter and full year ended December 31, 2024.

    Rumble’s Chairman and CEO Chris Pavlovski commented, “While I am pleased with our topline quarterly growth of 48% year over year, I am even more impressed with the third to fourth quarter growth in U.S. and Canada MAUs of 21% to 52 million. This demonstrates how powerful our North America platform is. Rumble cemented its place in the online media eco-system by setting multiple records on the night of the U.S. election. In addition, the fourth quarter included our biggest announcement since going public: a $775 million strategic investment from Tether, the largest company in the digital asset industry and the most widely used dollar stablecoin across the world. Rooted in this investment was the extremely strong commonalities between cryptocurrency and free speech communities, both built on a passion for freedom, transparency and decentralization. As I look ahead, with the Tether transaction now closed, I could not be more excited about the possibilities and the new era we are entering for Rumble.”

    MicroStrategy® Incorporated (NASDAQ: MSTR) recently announced that it has entered into a sales agreement pursuant to which Strategy may issue and sell shares of its 8.00% series A perpetual strike preferred stock, $0.001 par value per share (the “perpetual strike preferred stock”), having an aggregate offering price of up to $21.0 billion (the “ATM Program”). Shares of the perpetual strike preferred stock are convertible by the holders into shares of Strategy’s class A common stock.

    Strategy expects to make sales of perpetual strike preferred stock pursuant to the ATM Program in a disciplined manner over an extended period, taking into account the trading price and trading volumes of the perpetual strike preferred stock at the time of sale. Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin and for working capital.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks or current services performed FNM was compensated forty six hundred dollars for news coverage of the current press releases issued by KULR Technology Group, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757 

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: NextNRG Reports Preliminary March 2025 Revenue Growth of 161% Year-Over-Year and Q1 Revenue Growth of 146%

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, April 10, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed, and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging, and on-demand mobile fuel delivery solutions— today announced preliminary unaudited revenue and volume results for March 2025 and the first quarter of 2025. The company delivered its third consecutive record month, with March revenue increasing 161% year-over-year to approximately $6.15 million.

    March 2025 Highlights

    • Revenue: $6,148,266 (vs. $2,354,048 in March 2024)
    • YoY Revenue Growth: 161%
    • Gallons Delivered: 1,799,955 (vs. 580,217 in March 2024)
    • YoY Gallon Growth: 210%

    Q1 2025 Highlights

    • Revenue: $16,232,354 (vs. $6,597,119 in Q1 2024)
    • YoY Revenue Growth: 146%
    • Gallons Delivered: 4,688,045 (vs. 1,658,272 in Q1 2024)
    • YoY Gallon Growth: 183%

    “We are pleased to report another record-breaking month as our growth trajectory continues to accelerate,” said Michael D. Farkas, Founder and CEO of NextNRG. “With volume nearly tripling year-over-year in March, our focus on disciplined expansion and operational execution is delivering measurable results. The successful integration of strategic acquisitions and our partnerships with major fleet operators are helping to validate our business model as we scale.”

    Farkas continued, “With three consecutive months of all-time high performance, we are seeing strong market demand and consistent customer adoption of our mobile fueling platform. As we expand our AI-powered infrastructure and prepare for future deployments of smart microgrid and wireless charging technologies, we believe NextNRG is playing a key role in powering the transition to a cleaner, more flexible energy future.”

    Note on Preliminary Results
    These March and Q1 2025 financial results are preliminary and unaudited. Final figures may be subject to adjustment pending the completion of month-end and quarter-end closing procedures.

    About NextNRG, Inc.
    NextNRG, Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.

    At the core of NextNRG’s strategy is its Utility Operating System, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible; and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives.

    NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

    To find out more visit: www.nextnrg.com

    Forward-Looking Statements
    This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

    Investor Relations Contact
    NextNRG, Inc.
    Sharon Cohen
    SCohen@nextnrg.com

    The MIL Network –

  • MIL-OSI USA News: America Is Back — But Inflation Is Not

    Source: The White House

    Today’s new Consumer Price Index reveals inflation fell to 2.4% in March, smashing expectations for the second straight month — and the first drop in consumer prices in several years.

    CNN’s coverage noted: “This was actually a DROP of .1% — that’s the first time we’ve seen that since COVID. Year-over-year, the annual inflation rate was at 2.4%. This was also better than expected and a six-month low, moving in the right direction.”

    Under President Trump, America is back — but inflation is not.

    President Trump is making good on his promise to deliver lower costs for Americans, with prices for everyday goods seeing across-the-board declines.

    • Prescription drug prices saw the largest monthly decline on record.
    • Prices for airfare, used vehicles, and car insurance all decreased.
    • Energy prices fell 2.4% in March, driven by plummeting gas prices across the country.

    As President Trump pursues the largest tax cuts in history, an unprecedented deregulatory agenda, and a manufacturing boom, the American economy is poised to prosper like never before.

    MIL OSI USA News –

  • MIL-OSI USA: U.S. crude oil exports reached a new record in 2024

    Source: US Energy Information Administration

    In-brief analysis

    April 10, 2025

    U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million barrels per day (b/d). Despite this new record, crude oil export year-over-year growth slowed to 1% in 2024, compared with 14% in 2023 and 21% in 2022.

    Crude oil production in the U.S. Lower 48 (L48) states, which does not include Alaska or offshore production, reached a record in November 2024, allowing for a greater supply of crude oil to export. Increased production efficiency counteracted a decrease in the number of active oil rigs, resulting in L48 production increasing 3% last year. Unlike in the L48 states, production in Alaska and offshore in the Gulf of America decreased last year because of natural declines in both areas and because of disruptions to crude oil production resulting from above-average hurricane activity in 2024 in the Gulf.

    Europe and the Asia and Oceania region remained the top regional destinations for U.S. crude oil exports. U.S. crude oil exports to Europe have grown significantly in recent years, particularly after Europe banned seaborne crude oil imports from Russia in late 2022. The volume of U.S. crude oil exports to Europe also increased following S&P Global’s 2023 decision to include West Texas Intermediate (WTI) crude oil in European crude oil benchmark Dated Brent.

    For a second consecutive year, the Netherlands, home to a large crude oil storage and trading hub in Rotterdam, received more U.S. crude oil exports than any other country in 2024, averaging 825,000 b/d (32% growth from 2023). Overall, crude oil exports to Europe increased by 6% to 1.93 million b/d in 2024, with decreases in exports to Spain, France, and Italy outweighed by increases to Germany, the UK, and the Netherlands.

    Despite China receiving the second-most U.S. crude oil in 2023, exports to China dropped by 53% in 2024 to 217,000 b/d. A net decline in transportation fuel demand in China, which led to a decrease in overall Chinese demand for imported crude oil, and increased crude oil imports from Malaysia and Russia decreased Chinese demand for U.S. crude oil. U.S. exports to Asia overall decreased by 131,000 b/d to 1.58 million b/d as increased exports to South Korea, Singapore, and India were offset by the decrease in exports to China.

    U.S. crude oil exports to India increased 32% in 2024, bouncing back from relative lows in 2023. In 2023, India increased imports of relatively cheap crude oil from Russia, following sanctions that limited the price Russia could charge for crude oil exported using the shipping and insurance services of sanctioning countries. India’s oil consumption growth overtook China’s in 2024, increasing Indian demand for imported crude oil. However, despite this rising demand, Indian imports of crude oil from Russia fell in 2024 as the price discount on oil from Russia narrowed. With the decrease in Russian imports, U.S. crude oil helped fill in the gap, resulting in a nearly 55,000-b/d increase in U.S. crude oil exports to India in 2024.

    Principal contributor: Anne Miranda

    MIL OSI USA News –

  • MIL-OSI: Sky Quarry Enters LOI with Southwind RAS, LLC to Evaluate Strategic Recycling Collaboration

    Source: GlobeNewswire (MIL-OSI)

    WOODS CROSS, Utah, April 10, 2025 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced that it has entered into a non-binding Letter of Intent (LOI) with Southwind RAS, LLC, a long-standing leader in the industry, to explore a strategic collaboration aimed at advancing asphalt shingle recycling in Illinois. The initiative will support Sky Quarry’s national expansion strategy and further its waste-to-energy mission.

    Under the terms of the LOI, Sky Quarry and Southwind RAS will jointly evaluate the technical and logistical feasibility of implementing Sky Quarry’s proprietary recycling technologies at Southwind’s nine established facilities in the greater Chicago area. The collaboration will focus on operational modeling, site assessments, and financial structures, with the goal of developing a scalable, modular approach to shingle recycling that creates mutual value and environmental impact.

    Expanding Sky Quarry’s Waste-to-Energy Footprint

    “We’re excited to explore this relationship with Southwind RAS, a company that shares our deep commitment to sustainability and innovation,” said David Sealock, CEO of Sky Quarry. “This LOI marks a key step forward in Sky Quarry’s national expansion strategy, to intercept waste at the source and convert it into valuable, sustainable materials. By assessing opportunities for regional deployment of our proprietary recycling technology and leveraging Southwind’s infrastructure, experience, and local market presence, we aim to build a scalable model that creates shared value. By scaling locally and executing nationally, Sky Quarry is creating a blueprint for the future of waste-to-energy and materials recovery.”

    With the goal of producing high-value byproducts for local and regional markets, the proposed collaboration at Southwind’s facilities is expected to generate materials such as asphalt-coated limestone, sand, granules, glass fibers, bitumen, and ground asphalt shingles, resources that can be repurposed for use in roofing, road repair, sealants, and structural reinforcement applications.

    Sky Quarry estimates that approximately 1.2 million tons of asphalt shingle waste are generated annually in the region, material that, if fully recycled, could yield the equivalent of 1.5 million barrels of oil. This underscores both the environmental urgency and the economic opportunity behind Sky Quarry’s recycling technology and the proposed collaboration.

    About Southwind RAS, LLC

    Founded in 2009 and based in Illinois, Southwind RAS, LLC is a recognized leader in the recycling of residential tear-off asphalt shingles. With nine established locations across the greater Chicago area, Southwind RAS provides essential infrastructure for sustainable waste management in one of the country’s largest urban markets. The company’s mission is to conserve landfill space, reduce the carbon footprint of the construction industry, and replace virgin materials with reclaimed resources. Southwind RAS works directly with roofing contractors, haulers, recycling centers, and asphalt producers to integrate recycled asphalt shingles into hot mix asphalt, advancing green initiatives and promoting circular solutions for the roofing industry.

    About Sky Quarry Inc.

    Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Company’s Form 10-K as filed with the SEC on March 31, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Jennifer Standley
    Director of Investor Relations
    Ir@skyquarry.com

    Company Website
    www.skyquarry.com

    The MIL Network –

  • MIL-OSI: Trio acquires producing cash flow positive oil and gas assets in prolific heavy oil region of Saskatchewan Canada

    Source: GlobeNewswire (MIL-OSI)

    Bakersfield, CA, April 10, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today is pleased to announce that it has closed on certain petroleum and natural gas properties held by Novacor Exploration Ltd. (“Novacor”). More specifically, TPET closed on Novacor’s TWP48 Assets which is expected to be shortly followed by the closing on Novacor’s TWP47 assets. These assets are in the prolific Lloydminster, Saskatchewan heavy oil region (the “Acquisition”). This acquisition could strategically position the Company to expand its operations into one of North America’s most promising heavy oil basins, with upside potential for long term production and reserve growth. Since the Novacor assets are in the heavy oil area, they offer economic development and low operational costs. Market accessibility combined with a favorable regulatory process makes this area very attractive for continued and future development within these lands.

    As reported by the Company’s press release on December 19, 2024, the Novacor assets are located at the South-West quarter of Section 19, Township 47, Range 26W3M and the Northeast Section 3, Township 48, Range 24W3M, both in the Lloydminster, Saskatchewan area. There are currently seven producing wells located on the two properties. Production from the wells in Section 19 is subject to Freehold Royalties of 13.5% and a GORR of 2%, and production from the wells in Section 3 is subject to Freehold Royalties of 15%. The wells produce heavy crude oil from the McLaren/Sparky and Lloydminster formation(s). Novacor is the operator of these cash flow positive wells. Current production is approximately 70 barrels per day with potential for 4 additional re-entry wells and two fully equipped locations to be reactivated each capable of an additional 70 barrels in total per day. All the foregoing information was derived from reports provided to the Company by Novacor.

    Additionally, a Reserve Report was prepared in August 2024 by Petrotech and Associates detailing 91.5MBBL for total proved and probable oil of those wells currently being produced. Novacor has identified further potential upside in the Sparky GP thru some multi-lateral drill opportunities.

    Important in this acquisition is Novacor’s ability to address recent fluctuations in global oil prices and their limited impact on the company’s operations. Novacor will continue as operator of the assets Trio is acquiring. While market volatility is inherent in the energy sector, Novacor’s strategic focus on operational efficiency and low lift costs provides a significant buffer against downward price pressures.

    Novacor’s current lift cost stands at a competitive CDN $10.00 per barrel. This low operational expenditure will help ensure Trio maintains strong profitability even in a lower oil price environment. Their commitment to cost management and efficient production techniques will allow the Company to navigate market fluctuations with greater resilience compared to companies with higher operating costs.

    Commented Robin Ross, Chief Executive Officer of Trio, “Novacor has always prioritized operational excellence and fiscal responsibility as their low lift costs are a testament to this commitment and will provide us with a significant advantage in the current market. While we are mindful of global economic trends and their potential influence on commodity prices, our fundamental strength moving forward will be in our ability to produce oil economically.

     As i mentioned previously, we are excited to acquire an initial footprint in this very lucrative oil and gas area of Canada and home to some of the largest players in the industry such as Cenovus Energy, Canadian Natural Resources, Baytex Energy, Rife Resources and many others who have made Heavy Oil a staple of their operation, and where numerous opportunities to acquire additional highly economic fields exist. Trio’s relationship with Novacor is very important, because Novacor has a long history of oil and gas development in the area. Trio’s plan is to aggressively grow its footprint in the area utilizing Novacor as an operator of the assets. We are looking forward to a long and prosperous relationship with Novacor. We will continue to seek opportunities for strategic growth and optimization with Novacor’s operational efficiencies and are confident to deliver consistent value to our shareholders through a disciplined approach to operations and cost management.”

    Mr. Ross continued, “Our focus remains on acquiring projects that generate immediate cash flow or offer transformative growth potential with strategic investment. We believe that this approach aligns with our long-term vision of creating exponential value while managing risk and resources effectively.” 

    Terms of the Acquisition

    The stated purchase price of the Acquisition is US$650,000 in cash paid in two tranches, and 526,536 in shares of common stock of Trio, which we agree to use our commercially reasonable efforts to register for resale in a registration statement filed with the United States Securities and Exchange Commission. The Company paid Novacor a good faith deposit of $65,000, which is being applied to the cash portion of the purchase price on the initial closing.

    About Trio Petroleum Corp

    Trio Petroleum Corp is an oil and gas exploration and development company in California, Utah, and Saskatchewan, Canada.

    Cautionary Statement Regarding Forward-Looking Statements

    All statements in this press release of Trio Petroleum Corp (“Trio”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors sections of the Trio reports filed with the Securities and Exchange Commission (SEC). Copies of such documents are available on the SEC’s website, www.sec.gov . Trio undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Relations Contact:

    Redwood Empire Financial Communications
    Michael Bayes
    (404) 809 4172
    michael@redwoodefc.com 

    The MIL Network –

  • MIL-Evening Report: The Coalition prepares to soften Australia’s 2030 climate target, while reaffirming its commitment to the Paris Agreement

    Source: The Conversation (Au and NZ) – By Tony Wood, Program Director, Energy, Grattan Institute

    The Coalition has been forced to reassert its commitment to the Paris climate agreement after its energy spokesman Ted O’Brien appeared to waver on the pledge on Thursday.

    O’Brien faced off against Climate Change and Energy Minister Chris Bowen at a debate in Canberra, weeks out from a federal election in which energy policy is emerging as a hot-button issue.

    Under the landmark Paris deal, Australia has pledged to cut greenhouse gas emissions by 43% by the end of the decade, compared to 2005 levels. O’Brien on Thursday said the Coalition would review the target if it wins office. He deflected a question on whether a Dutton government would remain a signatory to the Paris Agreement, saying the Coalition would “always act in the national interest”.

    Within hours of the debate, the Coalition was forced to clarify O’Brien’s comments and reaffirm its commitment to Paris. But the Coalition appears intent on winding back the 2030 target if it is elected next month – a move that would weaken our bipartisan commitment to net zero by 2050 and be against the interests of the global climate.

    The 2025 Climate and Energy debate | ABC NEWS.

    Resetting the 2030 target

    The Coalition has long disputed Labor’s claims that the 43% target would be met.

    In June last year, Opposition Leader Peter Dutton claimed the Albanese government has “no hope of achieving the targets and there’s no sense signing up to targets you don’t have any prospect of achieving”.

    In January this year, Dutton said a Coalition government would remain party to Paris, despite United States President Donald Trump’s move to withdraw his nation from the deal.

    On Thursday, O’Brien confirmed a Coalition government would review the 43% target. In doing so, it would consider three factors: Australia’s emissions trajectory, the state of the economy and the Coalition’s suite of policies – including nuclear power and more gas.

    O’Brien went on to say:

    Labor, the Coalition, nobody in this country will be able to achieve the emission target set by Chris Bowen and Anthony Albanese. The difference between Peter Dutton and Anthony Albanese is that Peter Dutton has been honest and upfront about that.

    O’Brien would not rule out withdrawing Australia from the Paris deal, but later released a statement saying the Coalition remained committed to the agreement.

    Will Australia meet the 43% target?

    During the debate, Bowen claimed Australia is “on track” to meet its emissions-reduction goal. He pointed to analysis by his department released late last year showing emissions are projected to be 42.6% below 2005 levels in 2030.

    Australia will have to work hard to meet the target, with our emissions reductions having stalled since 2021. The government’s projection assumes it achieves its target of 82% renewable electricity generation by 2030 – possible but very challenging from about 45% today.

    It also depends on two policies to reduce emissions outside electricity, neither of which have yet demonstrated their progress.

    The first is the safeguard mechanism, which aims to reduce emissions from heavy industry. It began in mid-2023 but its results are not yet clear. Second is the new vehicle efficiency standard, introduced from January this year.

    What if Dutton does walk back Australia’s Paris commitment?

    Even if a Dutton government remained in the Paris Agreement, walking back on the 43% emissions target is problematic, for a number of reasons.

    Most obviously is that the threat of dangerous climate change is real, and growing. The Paris deal aims to keep average global temperatures “well below” 2°C above pre-industrial levels, and ideally, limit warming to no more than 1.5°C.

    But according to official data, Earth’s monthly global average temperature exceeded 1.5°C above pre-industrial levels for 11 months last year. So meeting the Paris commitment is already looking shaky.

    While the Paris Agreement is a legally binding international treaty, there has been much debate as to the real meaning of “legally binding”. Some argue that national commitments to reduce emissions are not legally binding, and can be revised in either direction. While a downward revision is liable to draw criticism, it could be a legally available option under the Paris Agreement. Transgressors don’t get kicked out of the club.

    But any downward revision on the targets is a bad look on the global stage. University of Melbourne climate law expert Jacqueline Peel has argued that any moves by a future Coalition government to water down Australia’s 2030 target, or to submit a 2035 target weaker than our current pledges, would:

    go against the spirit, if not the letter, of the Paris Agreement, and – in some circumstances – could constitute a breach of those obligations.

    Where to now?

    The Albanese government chose not to announce a 2035 target before the election. The Opposition says it won’t set a 2035 target until it’s in government.

    That means voters will be left in the dark on this important issue as they head to the ballot box.

    At the moment, the Coalition appears to be relying on its controversial nuclear power plan to meet the bipartisan goal of net-zero emissions by 2050. But analysts have warned the plan will lead to much more emissions between now and then.

    Meanwhile, there is far more work to be done outside the energy sector – in agriculture, transport, industry and more – to meet Australia’s climate commitments.

    Australia’s cost of living crisis has garnered much attention during the election campaign so far. There has been very little talk about how Australia’s entire economy will get to net-zero.

    That’s a terrible reflection on the state of our politics. Ultimately, unmitigated climate change will be bad for the planet and very bad for Australia.

    Tony Wood may own shares in companies in relevant industries through his superannuation fund.

    – ref. The Coalition prepares to soften Australia’s 2030 climate target, while reaffirming its commitment to the Paris Agreement – https://theconversation.com/the-coalition-prepares-to-soften-australias-2030-climate-target-while-reaffirming-its-commitment-to-the-paris-agreement-249945

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: Derby landlords fined for failing to meet housing standards

    Source: City of Derby

    Two city landlords have been ordered to pay more than £10,000 in total after breaching housing standards.

    Managing agent Kevin Adrian Sutton, 57, failed to respond to three reminders to renew a licence for a House in Multiple Occupation (HMO), triggering a visit from an investigating officer from Derby City Council’s Housing Standards team.

    The officer found five students living at the rented property in Milton Street, Derby. who were not related to one another, meaning they were classed as multiple households.

    At South Derbyshire Magistrates Court, Mr Sutton pleaded guilty to breaching Section 72 of the Housing Act 2004 – failing to license the property. He was fined £9,000 (reduced to £6,000 for his guilty plea), ordered to pay the Council’s full prosecution costs and the maximum victim surcharge of £2,000.

    In a separate case, Ramzan Ali, 31, was prosecuted for failing to produce documents in breach of Sections 235 and 236 of the Housing Act 2004.

    Tenants contacted the Council’s Housing Standards team with concerns about safety and the terms of their tenancy.

    Mr Ali failed to produce a Gas Safety Certificate and tenancy agreements, and a survey found that the rented property on Eton Road, Derby contained nine hazards.

    At South Derbyshire Magistrates Court on 10 March 2025, District Judge Jonathan Taaffe was satisfied that the case was proved and proceeded to deal with it in the defendant’s absence. Mr Ali was found guilty, fined £2,000, and ordered to pay the Council’s full prosecution costs plus a victim surcharge of £800.

    Councillor Shiraz Khan, Cabinet Member for Housing, Strategic Planning and Regulatory Services said:

    Our Housing Standards team works tirelessly to improve living standards for private renters in Derby, with their safety and well-being being a top priority.

    These cases really highlight to landlords that they absolutely must pay attention to the Council’s requests. If they decide to disregard their legal duties, we won’t hesitate to step in.

    I would encourage anyone with concerns about their rented property or their landlord to report this to our team.

    Tenants can contact the Housing Standards team via the Derby City Council website.

    MIL OSI United Kingdom –

  • MIL-OSI NGOs: Peter Dutton must reject Trump-style plan to leave Paris Agreement

    Source: Greenpeace Statement –

    SYDNEY, Thursday 10 April 2025 — In response to comments by Shadow Energy Minister Ted O’Brien that the Coalition could leave the Paris Agreement if elected, David Ritter, CEO at Greenpeace Australia Pacific, said:

    “Abandoning the Paris Agreement is a terrible idea, straight out of Donald Trump’s playbook, that would harm our economy, our global standing, and our relationship with our Pacific neighbours. 

    “Australia is the world’s third-largest fossil fuel exporter, and a major polluter with an outsized responsibility to cut our emissions at emergency speed and scale. As the cost of back-to-back climate disasters grows, we are also paying a heavy price for climate change. 

    “Shrinking our climate targets and walking away from international cooperation on reducing emissions and climate finance will harm our economy as the world moves to decarbonise and alienate our Pacific neighbours on the frontlines of climate change. It would not be in our national interest to leave the Paris Agreement. 

    “It is shocking that the Coalition is even entertaining the possibility of abandoning this important global climate accord, which is our best chance at averting catastrophic climate change. Peter Dutton should distance his party from this Trumpian tactic and commit to keeping Australia in the Paris Agreement in no uncertain terms.”  

    — ENDS —

    For more information or interviews contact Vai Shah on 0452 290 082 or [email protected] 0452 290 082

    MIL OSI NGO –

  • MIL-OSI NGOs: ‘Ambitious but sensible’: Greenpeace welcomes Greens’ plan for clean jobs and climate solutions

    Source: Greenpeace Statement –

    SYDNEY, Thursday 10 April 2025 — In response to the release of The Greens’ Powering Past Coal and Gas energy plan released today, Joe Rafalowicz, Head of Climate and Energy at Greenpeace Australia Pacific, said:

    “Greenpeace welcomes The Greens’ Powering Past Coal and Gas plan released today. Not only does the plan respond to the scale and urgency of the climate crisis we all face, it centres communities on the frontlines of climate impacts, and everyday Australians struggling with cost of living pressures, rising power bills and soaring insurance premiums.

    “It is an ambitious but sensible plan that prioritises investment in the solutions we already have to tackle climate pollution — things like public transport, clean and affordable wind and solar energy, protecting our forests and nature — while also outlining a clear pathway for sustainable jobs and economic growth as we transition our economy from fossil fuels.

    “Multinational gas corporations like Woodside and Santos are holding Australia’s economy hostage for their own profit by blocking our transition to a clean energy economy — and they’re destroying the nature and oceans we love in the process. This plan sends a strong signal that Australia’s future is in green jobs, healthy oceans and climate solutions, not dirty coal and gas shipped offshore.

    “With our skilled workforce, export infrastructure, and unparalleled access to wind and solar energy, Australia can be front of the pack in exporting the resources our trading partners need to rapidly decarbonise their economies — and in doing so, support global efforts to address carbon emissions.

    “The climate crisis is here and it’s hurting Australians and our economy now — this year alone we’ve seen record-breaking floods, and a freak cyclone, devastate communities across the country. Instead of flying in for photo opps in the aftermath, we urge all candidates this election to fight for the policies that will stop climate pollution before it happens.”

    — ENDS —


    For more information or interviews contact Kate O’Callaghan on 0406 231 892 or [email protected]

    MIL OSI NGO –