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Category: Energy

  • MIL-OSI Global: Electric cars are going mainstream – Elon Musk won’t change that

    Source: The Conversation – UK – By Jack Marley, Environment + Energy Editor, UK edition

    “When you ride Tesla, you ride with Hitler” according to a reworked second world war propaganda poster that was discovered in Oakland, California last month.

    When did an electric car brand supposedly become associated with the far right? Perhaps when its CEO, Elon Musk, embraced Donald Trump and the Maga movement that propelled him to a second term as US president. Tesla dealerships have been targets for protests and vandalism, while the company’s sales and stock price have fallen recently.

    “But those same political controversies may ironically help broaden the mass market appeal of electric vehicles,” says Hannah Budnitz, a research associate at the Transport Studies Unit of Oxford University.

    “This is an industry that needs to go beyond the early adopter tech bros – and now might be the moment.”

    This roundup of The Conversation’s climate coverage comes from our award-winning weekly climate action newsletter. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed.

    But first, a disclaimer

    Around a fifth of the greenhouse gas emissions heating Earth can be traced to a vehicle exhaust pipe. The more combustion engines that can be replaced with electric batteries, the less getting from A to B will exacerbate climate change.

    However, electric cars, like those sold by Tesla, are an imperfect solution to the climate crisis.

    “Huge amounts of land which could otherwise be used to house people or be dedicated to nature are still reserved for roads and car parks,” says Vera O’Riordan, an energy policy researcher at University College Cork.



    Read more:
    Electric cars aren’t enough to hit climate targets: we need to develop better public transport too

    And while driving an EV doesn’t emit CO₂, it does emit stuff you wouldn’t want to breathe in. Electric cars, which contain heavy batteries, wear down their tyres faster than conventional cars and generate more microplastic particles in the process, according to Henry Obanya, an ecotoxicologist at the University of Portsmouth.

    Obanya estimates that as much as a quarter of all microplastics in the environment could have come from car tyres.



    Read more:
    Car tyres shed a quarter of all microplastics in the environment – urgent action is needed

    So, the strategy of putting an EV in every garage has its limits (not least the fact that not everyone has a garage, or the space to charge an electric car).

    A more efficient way to decarbonise the second-largest emission source by sector (power generation is first) would be to follow the advice of the Intergovernmental Panel on Climate Change. The IPCC, which is made up of scientists and other experts convened by the UN, recommends that countries plan their transport systems according to the maxim “avoid, shift, improve”.

    This involves, O’Riordan explains, avoiding unnecessary journeys by designing towns and cities with amenities in walking distance, shifting passengers onto higher-occupancy vehicles like buses by expanding public transport and improving all travel options by switching from fossil fuels to electric propulsion.

    Let’s assume that decades of car-first urban planning have boxed us in and we don’t have time to undo it before the climate is cooked. How can more motorists be persuaded to turn in their gas-guzzler for a battery-powered model?

    It’s the price, stupid

    Back to Budnitz – and the waning influence of the EV industry’s tech-bro boosters.

    “In 2010, when Tesla became the first American carmaker to go public since Ford in 1956, fully electric cars were still a niche technology,” she says.



    Read more:
    Why the Tesla backlash could help electric cars finally go mainstream

    Back then, Tesla adverts targeted the customers it thought would be early adopters: overwhelmingly, wealthy men like Musk. It worked. Survey after survey in North America and Europe showed that EV ownership in the early 2010s was skewed towards men and those on higher incomes.

    This is in stark contrast to electric car marketing at the dawn of motoring. In 1900, petroleum-powered cars were in the minority (22% of all cars) and were widely considered temperamental “adventure machines” that were prone to breaking down. Electric cars were pitched as a safer, cleaner alternative that was perfect for city travel.



    Read more:
    Electric cars were once marketed as ‘women’s cars’. Did this hold back their development over the next century?

    Perfect, in fact, for wealthy women. During the 1910s, when Victorian attitudes towards gender roles reigned and women were presumed to have limited mobility needs (no need to worry about your battery running flat if you’re not going far), 77% of EVs directly appealed to female consumers.

    “In the short term, this was a successful strategy: car manufacturers that advertised to female consumers survived much longer,” says economic historian Josef Taalbi (Lund University). The only major electric car producer in the US to survive into the 1920s advertised to women, he adds.

    In 2013, there were still less than 60,000 EVs on the road globally. A decade later, almost the same number are sold every day.

    “The transition to electric personal mobility is well underway around the world,” says Budnitz. “Tesla’s troubles won’t stop this – but they can give the car industry an opportunity to make the messaging around electric vehicles more diverse, equitable and inclusive for the mass market.”

    EV manufacturers can make their case to all drivers because they now offer a mass-market product, Budnitz argues. Nowhere is this more true than in Norway, which may become the first country to sell only zero-emission vehicles this year (88.9% of all vehicles sold in Norway in 2024 were fully-electric).

    What’s Norway’s secret?

    “Generous, comprehensive subsidies”, say Agnieszka Stefaniec and Keyvan Hosseini, transport researchers at the University of Southampton.



    Read more:
    How smaller, more affordable electric cars can accelerate the green transition

    “Our recent research shows that affordability is a tool to get everyone on board. When lower-income households face affordability barriers, it’s not just their problem – it’s the missing link to achieving 100%. Smaller, more affordable electric cars could be the game changer needed to bridge this gap.”

    – ref. Electric cars are going mainstream – Elon Musk won’t change that – https://theconversation.com/electric-cars-are-going-mainstream-elon-musk-wont-change-that-253060

    MIL OSI – Global Reports –

  • MIL-OSI USA: Senator Hawley Calls on Department of Energy to Cancel Grain Belt Express $5 Billion Loan

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)

    Today, U.S. Senator Josh Hawley (R-Mo.) sent a letter to Energy Secretary Chris Wright, urging him to immediately cancel the Biden administration’s last-ditch attempt to force a $4.9 billion loan for the Grain Belt Express transmission line. The Biden administration pushed the nearly $5 billion loan through at the eleventh hour, allowing the government to seize land from Missouri’s farmers and ranchers.

    “I write once again to bring your attention to the Department of Energy’s $4.9 billion conditional loan to the green-energy Grain Belt Express transmission line. Recently, officials from the Department of Energy confirmed that your department is moving forward with the Draft Environmental Impact Statement (EIS) process, a key step in approving the loan. This goes directly against the wishes of constituents in my state – who have fought this transmission line for years,” argued Senator Hawley.

    He reminded the Energy Secretary of his past correspondence with the agency and expressed his alarm that Energy is moving forward with a Biden-era loan designed to enrich out-of-state corporations with no regard for Missouri farmland. 

    “I am alarmed that DOE is moving forward with the draft EIS process for the Grain Belt Express. Currently, Invenergy, the parent company for the Grain Belt Express is bringing eminent domain cases against farmers in my state. Additionally, I have repeatedly raised concerns to DOE about the viability of the transmission line. Your department should be taking every possible action to stop this loan,” he wrote.

    Senator Hawley concluded, “It’s not too late to reverse course. I urge you to immediately terminate all agency actions related to the Department of Energy’s $4.9 billion loan to the Grain Belt Express.”

    Senator Hawley has repeatedly advocated on behalf of Missouri famers and landowners against the Biden Administration’s federal government land grab.
     
    Read the full letter here or below. 

    The Honorable Chris Wright
    Secretary
    U.S. Department of Energy
    1000 Independence Ave SE
    Washington, DC 20560


    Dear Secretary Wright,

    I write once again to bring your attention to the Department of Energy’s $4.9 billion conditional loan to the green-energy Grain Belt Express transmission line. Recently, officials from the Department of Energy confirmed that your department is moving forward with the Draft Environmental Impact Statement (EIS) process, a key step in approving the loan. This goes directly against the wishes of constituents in my state – who have fought this transmission line for years.

    Shortly after President Trump took office, DOE announced it would pause all loans funded by Democrats Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA). In response to this announcement, on February 4, 2025, I wrote a letter to DOE seeking clarity about status of the draft EIS and the Grain Belt Express’s conditional loan.

    On March 6, 2025, I received correspondence from your department indicating that the process would continue to move forward. It reads:

    “During the public comment period, DOE LPO hosted 6 public meetings – 4 in-person meetings and 2 virtual public meetings – to allow the public to learn more about DEIS, ask questions, and provide oral testimony, on the following dates. In person meetings: Feb. 10 (Dodge City, Kansas), Feb. 11 (Concordia, KS), Feb 12 (St. Joseph, MO), Feb. 13 (Carrollton, MO); Virtual Meetings: Feb. 19 and 20… LPO will review all the comments received and prepare a response to comments, document and incorporate any updates in the Environmental Impact Statement, and we estimate that DOE will issue a Final EIS in July 2025.”

    I am alarmed that DOE is moving forward with the draft EIS process for the Grain Belt Express. Currently, Invenergy, the parent company for the Grain Belt Express is bringing eminent domain cases against farmers in my state. Additionally, I have repeatedly raised concerns to DOE about the viability of the transmission line. Your department should be taking every possible action to stop this loan.

    It’s not too late to reverse course. I urge you to immediately terminate all agency actions related to the Department of Energy’s $4.9 billion loan to the Grain Belt Express.

    MIL OSI USA News –

  • MIL-OSI USA: Senator Collins, Colleagues Introduce Bill to Limit Research Theft

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Washington, D.C. — U.S. Senators Susan Collins, Tom Cotton (R-AR), Mike Lee (R-UT), John Barrasso (R-WY), and James Lankford (R-OK) introduced the Guarding American Technology from Exploitation (GATE) Act, legislation that would ban foreign scientists from China, Russia, Iran, North Korea, and Cuba from visiting or working in Department of Energy National Laboratories without a waiver granted by the Department of Energy and the intelligence community.

    “Sensitive research conducted at Department of Energy National Laboratories is vital to America’s national security and economic development. Allowing foreign scientists from adversarial nations access to this information poses a serious risk of espionage, sabotage, or theft – actions they may be pressured to undertake by the governments of their home nations,” said Senator Collins. “This legislation is a necessary step to prevent our adversaries from gaining unchecked access to critical taxpayer-funded research.”

    In Fiscal Year 2023, 40,000 foreign scientists visited our national labs and approximately 8,000 of those were Chinese or Russian, meaning 1 out of every 5 scientists visiting our national labs were from our most dangerous foreign adversaries. Last Congress, this legislation passed out of Senate Select Committee on Intelligence by a vote of 17-0, but it was not included in the National Defense Authorization Act.

    The complete text of the bill can be read here.

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General Bonta: Otay Ranch Village 13 Project Settlement Will Reduce Wildfire Risk While Increasing Opportunity for New Housing

    Source: US State of California

    Wednesday, March 26, 2025

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

    OAKLAND – California Attorney General Rob Bonta today announced a final settlement agreement regarding the Otay Ranch Village 13 project, which resolves concerns pertaining to the project’s wildfire and greenhouse gas impacts and benefits the people and environment of California. Specifically, under the agreement, the proposed housing development will include the same number of units on a more compact footprint, reducing wildfire ignition risk and protecting approximately 300 additional acres of open space compared to the original plan. While decreasing the development footprint, the settlement also increases the opportunity for new housing by allowing the developer to apply to the County of San Diego to build up to 2,750 housing units (increased from 1,938) within the more compact building area. This will allow for additional housing supply while reducing the project’s environmental impacts, including wildfire risk. The agreement also includes payment of nearly $2 million in attorneys’ fees to the California Department of Justice and the environmental groups that filed litigation challenging the County’s approval of the project for violating the California Environmental Quality Act (CEQA). Attorney General Bonta is joined by the Sierra Club, Center for Biological Diversity, Endangered Habitats League, California Native Plant Society, Preserve Wild Santee, and California Chaparral Institute in today’s settlement with the project applicant.

    “From Los Angeles to San Diego, we are seeing devastating wildfires ravaging our communities right before our eyes. We can no longer ignore the realities of climate change,” said Attorney General Bonta. “Today’s settlement recognizes that environmental protection and housing go hand in hand, aiming to create more resilient, sustainable homes while reducing wildfire risk and protecting our environment.”

    Today’s settlement requires measures to reduce wildfire risk and greenhouse gas emissions, including:

    • Providing a continuous program of surveillance for wildfire ignitions.
    • Ensuring an educational program on wildfire ignition prevention for project residents.
    • Installing sprinkler systems on multi-family residential buildings that meet National Fire Protection Association Standard 13.
    • Achieving net-zero energy design for all single-family residential and commercial buildings.
    • Requiring all buildings to be fully electric.
    • Prohibiting installation of natural gas infrastructure.
    • Creating a Greenhouse Gas Mitigation Fund of at least $15 million, which will fund greenhouse gas emissions reductions projects in San Diego County.

    The Otay Ranch Village 13 project site is located in southwestern San Diego County in an area that has in the past been affected by wildfires. The County approved and certified a Final Environmental Impact Report (FEIR) for the Otay Ranch Village 13 project on November 18, 2020. The Attorney General’s lawsuit challenged the FEIR’s failure, in violation of CEQA, to adequately address the risk of wildfire despite acknowledging the very high potential for wildfire hazards in and around the project site as well as the FEIR’s failure to adequately analyze or mitigate the impact of substantial vehicle trips and increased greenhouse gas emissions generated by the project. Under the settlement, the parties will request that the Court stay the litigation until the County approves a revised project that complies with the terms of the settlement.

    A copy of the settlement can be found here.

    # # #

    MIL OSI USA News –

  • MIL-OSI United Nations: ‘Renewables are renewing economies’, UN chief tells top climate forum

    Source: United Nations MIL OSI b

    Climate and Environment

    Ministers from 40 countries met on Wednesday at the first major climate forum of 2025 to discuss progress in renewable energy generation and the rising toll of inaction over rising temperatures. 

    2025 marks a milestone: the tenth anniversary of the Paris Agreement and the deadline for countries to submit their updated Nationally Determined Contributions (NDCs), designed to keep the global goal alive of limiting temperature rise to 1.5°C above pre-industrial levels.

    Addressing the 16th Petersberg Climate Dialogue (PCD) in Berlin – the first official gathering on climate since last year’s COP29 summit in Baku – the UN Secretary-General António Guterres issued a strong call for decisive climate action.

    He said the year had begun against a backdrop of geopolitical instability and widespread cuts to overseas aid budgets.

    “There is much uncertainty and instability in our world,” which is why “every country must step up and play their part,” he emphasised.

    Renewables: A bright spot

    Despite global tensions, Mr. Guterres pointed to a promising development: 2024 was officially a record year for global renewable energy production, according to the International Renewable Energy Agency (IRENA).

    Renewables made up over 92 per cent of all new electricity capacity installed last year – equivalent to the total electricity capacity of Brazil and Japan combined.

    Europe’s capacity rose by nine per cent, with Germany contributing over a quarter of that growth. Meanwhile, Africa’s grew by nearly seven per cent.

    “All of this is another reminder of a 21st century truth: Renewables are renewing economies,” Mr. Guterres said. They are “powering growth, creating jobs, lowering energy bills, and cleaning our air.”

    Wind power has dropped in cost by 60 per cent since 2010; solar is now 90 per cent cheaper.

    Clean energy contributed significantly to economic growth in 2023 – accounting for five per cent of India’s GDP growth, six per cent of the US’, and one-third of the EU’s.

    The rising toll of inaction

    Nevertheless, climate challenges are piling up, the UN chief continued.

    “It seems records are shattered at every turn – the hottest day of the hottest month of the hottest year of the hottest decade ever,” Mr. Guterres said.

    Those suffering most are the world’s most vulnerable – grappling with rising food and insurance costs, displacement and growing insecurity.

    The World Meteorological Organization confirmed in late December that 2024 was another year of alarming climate records. For the first time, global temperatures were 1.5°C above pre-industrial levels during a calendar year.

    “Scientists are clear – it is still possible to meet the long-term 1.5 degree limit,” the Secretary-General stressed. “But it requires urgent action. And it requires leadership.”

    Call for ambition

    New NDCs are due by September 2025. These plans must align with the 1.5°C target and collectively cut emissions by 60 per cent by 2035, compared with 2019 levels.

    “These new plans are a unique opportunity to deliver – and lay out a coherent vision for a just green transition,” Mr. Guterres said.

    He reiterated that efforts must be made according to the principle of common but differentiated responsibilities but added: “Everybody must do more.”

    The G20 most industralised nations – responsible for most global emissions – must lead the way.

    The UN Climate Promise is already supporting 100 countries in preparing their next plans. A high-level event in September will take stock of progress and push for greater action.

    Financing action

    Implementation of the COP29 finance agreement is crucial to support developing countries.

    “I count on the leadership of the COP29 and COP30 Presidencies to deliver a credible roadmap to mobilise $1.3 trillion a year by 2035,” said the Secretary-General.

    He also called for doubling adaptation finance to at least $40 billion annually by the end of this year and for serious contributions to the Loss and Damage Fund.

    To get there, stronger collaboration – across governments, societies, and sectors – is vital.

    Looking ahead

    As the Petersberg Dialogue sets the tone for the year ahead, Mr. Guterres issued a final rallying cry:

    “Those who lag behind must not discourage us but rather strengthen our resolve. The rewards are there for the taking, for all those ready and willing to lead the world through these troubled times.”

    “We are at a turning point.  I urge you to seize this moment; and seize the prize,” he concluded. 

    Soundcloud

    MIL OSI United Nations News –

  • MIL-OSI United Kingdom: Andy’s career change journey earns a place in national final A University of Aberdeen geology student has reached the final of the UK Career Change Awards after embarking on a degree following service as a Royal Marine Commando and rope access technician on offshore installations.

    Source: University of Aberdeen

    A University of Aberdeen geology student has reached the final of the UK Career Change Awards after embarking on a degree following service as a Royal Marine Commando and rope access technician on offshore installations.
    Andy Rycroft, who lives in Turriff, had written off his chances of succeeding in education with a succession of school reports citing that he was ‘easily distracted, doesn’t listen to instructions, presentation is poor’.
    With no qualifications he enlisted in the Royal Marines and after 32 weeks of the most arduous basic military training in the world, became a Royal Marines Commando serving in Afghanistan and on operations in Canada and the UK.
    The military gave him his first taste of formal training and he gained and NVQ and apprenticeship in engineering.
    But when he left in 2012 he again turned to his practical skills training as a Rope Access Inspection Technician and later worked in the Oil and Gas industry as a project planner.
    It was not until Covid slowed down the pace of the world that he asked what really inspired him and decided to follow his passion for earth and planetary science, signing up to a part-time distance learning course with the University of London Birkbeck.
    During the enrolment process he took a learning differences screening and was diagnosed with dyslexia, making sense of the negative school reports.
    Andy said: “With correct allowances in place and modern technology like recording lectures, Grammarly, reading back aloud and extra reading time in exams, I unlocked the cheat code in my mind.
    “After achieving a distinction in the planetary science certificate, I was eager to complete the degree but decided to come closer to home and accelerate it to full-time learning.
    “So, after 11 years in the Oil industry, I left and the University of Aberdeen accepted me to year two of BSc Geology, where I achieved my proudest grade to date. A 3500 report on the history of earth life with an A1 grade, has given me a huge confidence boost going into my honours years.
    “I am currently in year 3 and getting ready to undertake my mapping project dissertation in the summer of 2025. After I complete my degree in 2026, I will become the first in my family to have a university degree.”
    This remarkable career change has secured him a place as one of only 10 finalists the targetjobs UK Career Change Award Grand Final to be held in London April 25.
    And Andy has plans to put his academic passion for earth sciences to practical use once he has completed his degree.
    “I want to be part of something that makes a tangible impact on people’s lives,” he added. “The current energy crisis in the UK, where some people have to choose between heating and eating, is not something we can sit by and do nothing about. This can only be achieved by investing in wind, battery storage, and electric car charging infrastructure using clean energy sources. I am keen to transition into an industry where I can apply these passions.
    “I’m honoured to be selected for the final out of hundreds of nationwide applications. I had the privilege of meeting representatives from Clifford Chance, the award sponsor and seeing first-hand how seriously they value career changers.
    “Being invited to their stunning HQ in Canary Wharf along with 20 other shortlisted candidates was an incredible and humbling experience. I had the opportunity to pitch my career change journey and present an innovation that breaks down barriers for career changers, showcasing its benefits for both individuals and organisations.”

    MIL OSI United Kingdom –

  • MIL-OSI Global: Spring statement: defence spending boosted as further disability benefit cuts announced – experts react

    Source: The Conversation – UK – By Shampa Roy-Mukherjee, Vice Dean and Professor in Economics, University of East London

    Not even six months on from Labour’s first budget, and the world is a much-changed place. Geopolitical tensions and uncertainties, already high last year, have risen further, and with them the cost of the UK’s debt, while economic growth has stalled. As such, Chancellor Rachel Reeves has confronted an array of unpalatable choices – notably cutting disability benefits – to enable her to increase defence spending and stabilise the public finances. Here’s what our panel of experts made of the statement:

    Falling inflation wasn’t enough to prevent further disability cuts

    Shampa Roy-Mukherjee, Vice Dean and Professor in Economics, University of East London

    The independent Office for Budget Responsibility (OBR) has halved the UK’s 2025 growth forecast to 1%, down from the previously projected 2%. This sluggish growth, coupled with increased borrowing costs, has effectively eliminated the government’s £9.9 billion “fiscal headroom” – its financial buffer – resulting in a £4.1 billion shortfall by 2029-30.

    There was some short-term relief in the latest inflation figures. These showed a slowdown in price rises in February (2.8% against 3% in January). The dip was caused by discounting of items like clothing. But given around half of businesses are considering price rises to combat tax hikes and the national living wage increase coming in April, this relief is likely to be short-lived. The OBR forecasts that inflation will climb back up to 3.2% this year.

    The government had previously set out its controversial plans for £5 billion in welfare cuts. But the OBR rejected the claim that the reforms would save that much, estimating the savings at £3.4 billion, leaving Reeves with a £1.6 billion shortfall. As such, she has had to announce additional welfare reforms.

    These include freezing the universal credit health element until 2030 and reducing it to £50 a week for new claimants. This is aimed at saving an additional £500 million by 2030 – and combined with other planned welfare reforms could affect more than 3 million people. But the standard allowance for universal credit will see an above-inflation increase from 2026-27 and the incomes of those with the most severe lifelong conditions will be protected.

    Civil service administrative budgets are also to be reduced – by 15% by 2029-30. This, along with other efficiency and productivity improvements, will lead to annual savings of £3.5 billion. These cuts will focus on areas like human resources, policy advice, and office management, rather than frontline services.

    Reeves resorted to tricks and ‘efficiency savings’

    Steve Schifferes, Honorary Research Fellow, City St George’s, University of London

    Reeves has announced a series of tweaks to her spending plans to address the economic situation which has meant that she is in danger of breaking her self-imposed fiscal rules. The chancellor was at pains to say that these rules are “non-negotiable”.

    But these are unlikely to tackle the deeper problem – that in the short term she cannot rely on economic growth to square the circle of Labour’s three contradictory election pledges. These were more spending on public services, lower taxes and strict fiscal rules.

    The UK, in fact, is particularly vulnerable to the disruption of global trade that is likely to result from US president Donald Trump’s tariff wars. And the productivity gains from her long-term infrastructure plans will take years – if not a decade – to translate into higher growth.

    Like many chancellors, Reeves has resorted to various tricks – such as counting money moved to the defence budget to build tanks and aircraft as capital spending (and therefore exempt from the borrowing rules). And she has called for “efficiency savings” in the civil service and government departments that are unlikely to be realised.

    But the biggest savings are coming from deeper than expected cuts in disability payments and other welfare payments, reducing the income of more than 3 million people. This is upsetting many Labour MPs. Her big sweetener – £2 billion for social housing next year – is actually less than that already allocated by the previous Conservative government.

    Crucially, the further savings likely to be demanded in the spending review (announced on June 11) from unprotected departments including local government, justice and environment, will certainly look a lot like a return to austerity.

    In the end – and possibly as soon as the autumn budget – the chancellor will have to accept that as well as spending cuts, she will have to consider tax increases and possibly even a revision of the fiscal rules.

    Otherwise, she will remain at the mercy of the markets and the forecasters. Any long-term strategy will be strangled by the need to continually adjust policy to meet the fiscal “headroom” target she has set which leaves little room for manoeuvre. This requires an implausibly accurate prediction of the state of the economy in five years’ time by the OBR.

    The Civil Service could see 10,000 jobs axed.
    pxl.store/Shutterstock

    Commitment to financial stability is actually increasing uncertainty

    Linda Yueh, Fellow and Adjunct Professor of Economics, University of Oxford

    The chancellor’s self-imposed fiscal rules are intended to provide stability – one of the foundations of economic growth. One of those rules, which Rachel Reeves has said she will not bend, is that government day-to-day spending must be balanced by tax receipts by the end of this parliament.

    This is intended to provide transparency on fiscal policy. And Reeves clearly understands the importance of how international financial markets react to the UK’s level of spending – and its public debt (currently about 100% of GDP).

    But the world is not a stable place. And with the OBR halving its 2025 GDP growth forecast from 2% to 1%, unplanned cuts to public spending followed.

    Consistency in fiscal policy helps households and business to plan for the future. But during times of heightened uncertainty with global tariffs looming, GDP is likely to remain volatile. This makes not changing the government’s fiscal stance particularly challenging.

    It is also challenging for chancellor personally, as she would prefer to have one “fiscal event” a year, rather than two. But the OBR is obliged to provide economic forecasts twice a year, and when it slashes expected growth, she is duty bound to respond.

    Somewhat ironically then, the government’s stability rule is having the unintended consequence of adding policy uncertainty to an already uncertain overall economic environment – and more frequent changes to fiscal policy.

    ‘Let’s shake on increasing defence spending, bigly.’
    Joshua Sukoff/Shutterstock

    Modest defence spending boost will struggle to reverse years of decline

    Jamie Gaskarth, Professor of Foreign Policy and International Relations, the Open University

    In two months, the UK defence sector has been turned upside down – primarily by Donald Trump. His administration has made implied threats to invade a NATO ally (Denmark), challenged the sovereignty of another (Canada) and pulled support for Ukraine, openly siding with Russia in ceasefire negotiations. There is a real chance the US will draw down its security presence in Europe.

    If European countries are to meet the full cost of their own security, this will have to mean a dramatic increase in defence budgets. So far, the UK has redistributed aid money to help fund an increase in defence spending to 2.5% of GDP (from 2.3%) by 2027, with the ambition to raise it to 3% in the next parliament.

    It has also offered an extra £2 billion to underwrite defence exports. But this is small beer.

    As with many areas of public spending, dramatic cuts to the defence budget during the years of austerity (22% in real terms) have meant delays to procurement, crumbling estates and a chronic lack of investment.

    This will take a substantial uplift to redress. Recent increases under the Conservatives were eaten up by capital costs and inflation.

    And while ideas such as the £400 million ringfenced to support innovation in AI and new technology are welcome, these are tiny amounts in the grand scheme of things. The UK is not going to be a “defence industrial superpower” any time soon if budget announcements are this small, and increases so modest.

    Promise to disabled people in tatters

    William E. Donald, Associate Professor of Sustainable Careers and Human Resource Management, University of Southampton

    In November, social security and disability minister Sir Stephen Timms spoke passionately at the Shaw Trust Disability Power 100 awards, vowing to undo past injustices and declaring: “We now want to put that right.” As a disabled person, I cheered. That promise now lies in ruins.

    Despite government claims there will be no return to austerity, sick and disabled people face a real-terms cut to their incomes and the criteria for claiming personal independence payment (Pip) will become stricter than ever. This isn’t just a policy to save £5 billion, it’s cruelty and a devastating attack on disabled people.

    Pip isn’t means-tested and is paid regardless of whether you work. It exists because, according to disability charity Scope, disabled households need an additional £1,010 a month to achieve the same standard of living as others. Stripping this support away while NHS mental health waiting lists grow, energy and food prices rise, and the disability pay gap sits at 12.7% won’t push people into work. It will push them into crisis.

    Last year, Labour promised to break barriers for disabled people. Instead, they are building new ones. These cuts come at the expense of society’s most vulnerable. The consequences will be catastrophic.

    Building a future?
    Ian Dyball/Shutterstock

    Social housing boost – but homes could be improved now

    Nicky Shaw, Senior Lecturer in Operations Management, Leeds University Business School, and Simon Williams, Associate Faculty, Leeds University Business School

    The chancellor’s £2 billion investment in new homes will certainly help to increase the availability of affordable social housing. Everyone agrees that access to decent, affordable homes is important, but the quality and maintenance of existing social houses remains critical. Replacing cladding, for example, is stubbornly challenging.

    But beyond just building more social housing, our research has explored key measures of tenant satisfaction. The potential ways for digital tools such as AI to improve the efficiency of tasks like repairs and maintenance in future are numerous.

    But social housing’s tenant demographic includes many people who are more vulnerable, some of whom prefer not to – or simply cannot – engage with digital services. This means that sustaining face-to-face contact with tenants is critical. Investing in tenants’ experience now could really deliver tangible benefits for some of Britain’s most vulnerable people.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Spring statement: defence spending boosted as further disability benefit cuts announced – experts react – https://theconversation.com/spring-statement-defence-spending-boosted-as-further-disability-benefit-cuts-announced-experts-react-253149

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Chancellor delivers security and national renewal for Northern Ireland in new era of global change

    Source: United Kingdom – Executive Government & Departments

    Press release

    Chancellor delivers security and national renewal for Northern Ireland in new era of global change

    The UK Chancellor delivered the Spring Statement today (Wednesday 26 March 2025)

    • Chancellor vows to bring about “new era of security and national renewal” as she delivered a Spring Statement to kickstart economic growth, protect working people and keep Britain safe. 

    • People across the UK to be on average £500 a year better off by the end of this parliament compared to under the previous government, putting more money in people’s pockets. 

    • Growth at the heart of Plan for Change as £13 billion of additional capital spend allocated alongside £2.2 billion defence funding boost next year will get Britain building. 

    People across the UK will be on average £500 better off from 2029, relative to OBR’s autumn forecast, helping to deliver the Plan for Change as the Chancellor today (Wednesday 26 March) announced a Spring Statement to grasp the opportunities in a changing world. 

    The OBR also confirmed that the UK economy is expected to grow faster than expected from 2026 and will be larger by 2029 compared to its autumn forecast – up to 9.5% compared to 9.2%.  

    The Chancellor also set out how the government is protecting national security and maximising the growth potential of the UK defence sector by confirming a £2.2 billion increase in the UK-wide defence budget in 2025-26. 

    The Spring Statement delivers UK Government spending plans focused on its core objectives, bringing security and stability for working people across the UK.  

    It follows the Budget in the autumn where the Chancellor announced that the Northern Ireland Executive will be provided with an £18.2 billion settlement in 2025/26 – the largest in real terms in the history of devolution. This includes an additional £1.5 billion through the Barnett formula, with £1.2 billion for day-to-day spending and £270 million for capital investment.  

    The measures taken today top these Barnett consequentials up by a further £14 million in 2025/26. The Northern Ireland Executive are receiving over 24% more per person than equivalent UK Government spending in the rest of the UK, including the 2024 restoration financial package. 

    The Northern Ireland Executive’s block grant funding from 2026-27 onwards will be confirmed at Phase 2 of the Spending Review, which concludes on 11 June 2025. The Chief Secretary to the Treasury will meet with his counterparts from the devolved governments to discuss their priorities ahead of its conclusion.  

    Secretary of State for Northern Ireland Hilary Benn said:  

    I welcome the fact that Northern Ireland will receive a £14 million boost in Barnett consequentials as a result of today’s announcements, building on the record £18.2 billion settlement which was confirmed by the UK Government last Autumn. 

    This also follows a  £235 million package to transform public services in Northern Ireland, which will support the transformation of key public services which make a real impact on people’s lives, including health, education, planning and justice. 

    Importantly, today’s announcement reinforces the economic growth potential of the UK defence sector, and follows  the Prime Minister’s announcement of a £1.6bn deal to provide air defence missiles for Ukraine, which will create 200 jobs in Northern Ireland and demonstrates the strength of the local defence industry. 

    From next week, working people across Northern Ireland and the UK will also benefit from an increase to the National Living Wage, putting more money into the pockets of hard-working people. 

    And the UK Government continues to provide support  across Northern Ireland through City and Growth deal packages, having confirmed the Mid-South West and Causeway Coast and Glens City deal last year.    

    Taken together, these measures will foster growth in Northern Ireland, creating jobs, supporting public services, and boosting the quality of life for local people.” 

    Growth 

    Kickstarting economic growth is the number one mission of this government, putting more money in people’s pockets. 

    The UK Government has already made considerable progress on growth in Northern Ireland, including confirming the Mid-South West and Causeway Coast and Glens City deal. Earlier this month, the Prime Minister also announced a £1.6bn deal to provide air defence missiles for Ukraine, which will create 200 jobs in Northern Ireland. In February we launched Intertrade UK which will advise on how businesses can take advantage of the full opportunities of the UK internal market.   

    The actions of this government across the Autumn Budget and Spring Statement, if sustained, lead to a 0.6% rise in the level of real GDP by 2034-25. 

    The OBR concluded that the stability rule is met by £9.9 billion and the investment rule is met by £15.1 billion. Both rules are met two years early, meaning from 2027-28 the government is only borrowing for investment and net financial debt is falling. 

    The government is not satisfied with short-term growth figures, and is going further and faster today to improve this. 

    The Chancellor has announced a further £13 billion of capital investment over the Parliament to go further on growth, on top of the £100 billion uplift announced at Autumn Budget. This will deliver the projects needed to catalyse private investment, boost growth and drive forward the UK’s modern industrial strategy. 

    Taken together, this greater capital investment more than offsets the modest savings on day-to-day spending and means the total departmental spending will increase over the next five years, when compared with plans in the Autumn. 

    Defence 

    The world is changing before our eyes, reshaped by global instability, including Russian aggression in Ukraine. Europe is facing a once-in-a-generation moment for its collective security, with conflicts overseas undermining security and prosperity at home.  

    A month ago, the Prime Minister announced the biggest sustained increase in defence spending since the Cold War as a result of the changing global picture, now reaching 2.5% of GDP by April 2027, and with an ambition to reach 3% in the next Parliament subject to economic and fiscal conditions.  

    We are going further and faster to protect our national security and maximise the economic growth potential of the UK defence sector.  

    • Increasing the defence budget by £2.2 billion in 2025-26, taking additional spending on defence to over £5 billion since the Autumn Budget. 

    • This raises spending on defence to 2.36% next year and will be invested in fitting Royal Navy ships with Directed Energy Weapons five years earlier than planned, providing better homes for military families and modernising His Majesty’s Naval Base Portsmouth.  

    • Setting a minimum 10 percent ringfence for equipment spending on emerging technologies like drones and autonomous systems, dual-use technology, and AI-powered capabilities, so that British troops have the tools they need to fight and win in modern warfare.   

    • Getting this new tech into the hands of our armed forces quicker by cutting away bureaucracy, with a new UK Defence Innovation unit within the Ministry of Defence spearheading efforts to identify promising technology and ensure these get to the frontline at speed, while also bolstering the UK tech sector and crowding in private investment.  

    • Creating bespoke procurement processes for different types of military equipment, learning lessons from our rapid support for Ukraine to drive faster timescale targets for operationalising new tanks, aircraft and other essential tools for modern warfare.  

    • This government is determined to transform the defence sector into an engine for growth by focusing this investment on where it boosts the productive capacity of the economy such as investment in innovation and novel technologies. As a result of the increase in defence spending to 2.5%, the government estimates this could lead to around 0.3% higher GDP in the long run, equivalent to around £11 billion of GDP in today’s money. 

    • The government’s investment in defence will also support its number one mission to deliver economic growth. UK citizens will be protected from threats at home whilst creating a stable environment in which businesses can thrive, and supporting highly skilled jobs and apprenticeships across the whole of the UK. 

    Reform 

    The UK Government is determined to make the public sector more productive and to improve services for working people. But the changing world means we need to go further and faster to ensure we can deliver the public services that working people care most about. 

    The government has shown its commitment to taking the difficult decisions required to drive efficiencies and reform the state – reducing bureaucratic inefficiencies and duplication; and driving out wasteful government spend through cancelling thousands of government credit cards. 

    Getting more people into jobs is also central to the government’s growth mission. The broken welfare system is letting people down by asking them to prove what they can’t do, rather than focusing on what they could do with the right support – trapping people due to fear of trying work, lack of support and poor financial incentives. 

    The Chancellor has confirmed the creation of a £3.25 billion Transformation Fund to support the fundamental reform of public services, seize the opportunities of digital technology and Artificial Intelligence (AI), and transform frontline delivery to release savings for taxpayers over the long-term. 

    The UK Government provided £235 million to transform public services in Northern Ireland as part of the £3.3 billion restoration package for the Executive. This month we agreed to allocate £129 million of that funding to projects across several priority public services including health, education, planning and justice. The funding will see £61 million go towards expanding the multi-disciplinary teams in GP clinics across Northern Ireland, and support five other projects across justice, special education and infrastructure which represent key priorities in the Executive’s Programme for Government. 

    Looking Forward 

    This Spring Statement builds on the Autumn Budget and the decisions taken since required to deliver stability to the British economy and kickstart economic growth. 

    The government will set out its plans for spending and key public sector reforms at the Spending Review which will conclude on 11 June 2025. 

    Notes to editors 

    • Government calculations for the long-run impacts of higher defence spending are based on estimates from Antolin-Diaz and Surico (2025), forthcoming in the American Economic Review (AER), of the GDP impact of higher defence spending on GDP. Their estimates of the GDP multiplier stabilise after ten years at around 1.6, which is assumed to reflect an appropriate long-run multiplier for potential output, as any demand-side effects are likely to have dissipated at the ten-year horizon. 

    • Defence spending as a share of GDP is set to rise from 2.3% to 2.5%, an increase of 0.2 percentage points. Applying an elasticity of 1.6 to this change implies a long-run increase in the level of potential output of approximately 0.3%. A long-run increase to the level of potential output of 0.3% is equivalent to around £11 billion of GDP in the long run, in today’s prices.

    Updates to this page

    Published 26 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Electric Tri-Converter Demo Results a Breakthrough for Aether Aurora™ SAF Solution

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 26, 2025 (GLOBE NEWSWIRE) — Aether Fuels (Aether), a sustainable fuels technology company, today reported exciting demonstration results for the electric Tri-Converter technology embedded in its proprietary Aether Aurora™ solution which aims to transform the economics of sustainable fuels and accelerate large-scale deployment. This electric Tri-Converter demonstration has a capacity that is more than 50 times larger than the previously demonstrated pilot plant. The results represent a breakthrough for sustainable aviation fuel (SAF) production.

    The electric Tri-Converter converts waste carbon feedstocks into the syngas that supplies the downstream Fischer-Tropsch (FT) unit in the Aether Aurora process. The purpose of the demo was to prove that the electric Tri-Converter can continuously produce syngas at an increasingly larger scale using a mix of real-world feedstocks, including biogenic CO2, renewable natural gas (RNG), and clean hydrogen. The program is part of Aether’s program to build and operate a fully integrated demonstration plant (the “Demo Plant”) producing more than one barrel per day of sustainable fuels. Aether plans to complete the construction of the Demo Plant later this year.

    The demonstrator is a joint project between Aether and GTI Energy. Aether Aurora integrates technology elements first developed by GTI Energy in a gas-to-liquids program, which is supported by grants from the U.S. Department of Energy (DOE). Aether has licensed the relevant technologies from GTI Energy and leverages the laboratory and demonstration spaces at its Chicago-area campus. Aether has subsequently taken over responsibility for future Aether Aurora development and commercialization, including expanding its R&D team.

    The results of the demonstrator validate that the electric Tri-Converter is ready for integration into the Demo Plant. More critically, they demonstrate the solution’s capability to use a wide range of abundant feedstocks to create sustainable fuels—a breakthrough that can potentially shatter a key barrier to scaling production.

    This milestone was celebrated yesterday at the Aether and GTI Energy demonstrator site where Aether investors and feedstock executives joined federal, state and local officials to view the technology, meet the team, tour Aether’s R&D center and GTI Energy lab spaces, and learn how the innovations will accelerate the transition to sustainable fuels. State Senator Laura Murphy (IL-28th) was on hand to deliver opening remarks.

    The Syngas Generation Engine for Next-Gen Sustainable Fuels

    Aether Aurora optimizes the well-established FT process to create drop-in liquid hydrocarbons leveraging its novel electric Tri-Converter and Upgrading technologies. As the solution’s “syngas generation engine”, the electric Tri-Converter improves and streamlines the process where feedstocks and the internally recycled downstream byproducts are converted into syngas. This is achieved via novel catalysts and a reactor that uses electricity instead of combustion to generate the reaction heat. Where typical syngas production requires multiple reactors to convert the same mix of inputs, Aether Aurora employs just one. The streamlined equipment configuration reduces CAPEX while the electrification innovations generate higher energy efficiency and yields than a conventional combustion reactor.

    Aether’s demonstrator is supported by suppliers that include bp for RNG, Invenergy for clean hydrogen production, and Certarus Ltd for low carbon energy supply and logistics.

    State Senator Murphy remarked: “The road to the future is paved in sustainable practices, and GTI Energy and Aether Fuels are at the forefront of this future. They are leading the way in developing energy solutions that will transform how we power industries, transportation and everyday life. Their innovation not only drives us forward, it drives economic growth that supports every hardworking Illinoisan.”

    Aether CEO, Conor Madigan, said: “This is an exciting milestone for Aether and a tribute to our R&D experts and our partners at GTI Energy. The aviation and ocean shipping industries need affordable sustainable fuels at scale and the electric Tri-Converter technology is a transformative step forward. It drives critical process simplification and enables cost-efficient feedstock flexibility. When integrated into our Aether Aurora solution we’re making SAF production more scalable and cost effective.”

    GTI Energy’s VP of Carbon Management and Conversion, Don Stevenson, said: “GTI Energy has a long history of pioneering advanced energy solutions, and we’re proud to see technologies incubated in our labs being integrated into solutions for scaling low-emission fuels. Through collaboration with DOE and companies like Aether Fuels, GTI Energy helps unlock the potential of waste carbon streams while creating economically viable fuels solutions for industries.”

    Elie Fayad, Aether’s Senior Director of R&D, noted: “Today’s milestone represents nearly a decade of dedicated innovation and significant R&D investment by GTI Energy and Aether Fuels. The electric Tri-Converter is one of the breakthroughs in our Aether Aurora solution that drastically improves SAF economics and brings large-scale deployment within reach.”

    Aether Aurora is trademarked by Aether Fuels.

    About Aether Fuels

    Aether Fuels is a climate technology company revolutionizing sustainable fuel production to help hard-to-abate industries like aviation and ocean shipping achieve their decarbonization goals. Our breakthrough Aether Aurora™ technology converts waste carbon into drop-in liquid fuels with near-ideal carbon conversion efficiency. The scalable solution addresses the core requirements of next-generation sustainable fuels by increasing production yields and reducing capital costs, while utilizing a diverse range of feedstocks. Founded in 2022 and backed by global investors and partners, we maintain principal offices in the U.S. and Singapore. To learn more, visit www.aetherfuels.com or follow us on LinkedIn.

    About GTI Energy

    GTI Energy is a technology development and training organization. Our trusted team works to scale impactful solutions for energy systems by leveraging gases, liquids, infrastructure, and efficiency. We embrace systems thinking, innovation, and collaboration to develop, scale, and deploy the technologies needed for low-emission, low-cost, and resilient energy systems.

    Contacts

    Aether Fuels Communications  
    Kelsey Duke; Diffusion PR for Aether Fuels;  
    E-mail: AetherFuels@Diffusionpr.com  

    GTI Energy
    Kristin Cone
    E-mail: kcone@gti.energy

    The MIL Network –

  • MIL-OSI United Nations: Secretary-General Urges Developed Countries to Double Annual Climate Adaptation Finance to $40 Billion

    Source: United Nations MIL OSI b

    Following are UN Secretary-General António Guterres’ remarks to the virtual high-level segment of the Sixteenth Petersberg Climate Dialogue, held in New York today:

    Thank you for this opportunity — and for your focus today on collective climate action and acceleration of implementation.  This could not be more timely.  There is much uncertainty and instability in our world. But, today, we meet in the wake of some good news.

    Just this morning, the International Renewable Energy Agency (IRENA) officially confirmed that 2024 was a record year for renewables additions to global power capacity.  Renewables represented more than 92 per cent of all new electricity-generation capacity installed last year.

    The amount of renewables added represents more than the total electricity capacity of Brazil and Japan combined.  Europe’s capacity grew by 9 per cent — with Germany contributing more than one quarter of that growth.  Africa’s capacity grew by almost 7 per cent.

    All of this is another reminder of a twenty-first century truth:  Renewables are renewing economies.  They are powering growth, creating jobs, lowering energy bills and cleaning our air. And every day, they become an even smarter investment.

    Since 2010, the average cost of wind power has plunged 60 per cent.  Solar is 90 per cent cheaper.  In 2023, clean energy sectors accounted for 5 per cent of economic growth in India and 6 [per cent] in the United States.  It accounted for a fifth of China’s GDP [gross domestic product] growth, and a third of the European Union’s.

    The economic case for — and opportunities of — climate action have become ever clearer — particularly for those who choose to lead. And leadership is what we need — as today’s IRENA report shows:

    To accelerate the shift to renewables and to correct the imbalances in the transition, which is still starving developing countries — outside China — of the investment needed to fully embrace clean energy.

    As the title of this session puts it so well:  we are indeed at a turning point to the future. In the 10 years since Paris, we have seen other important progress.  Ninety per cent of global emissions are now covered by net-zero targets.

    A decade ago, the planet was on course for a global temperature rise of over 4°C.  Today, countries’ national climate plans — or NDCs [nationally determined contributions] — if fully delivered — will take us closer to a 2.6°C rise.

    At the same time, climate challenges are piling up.  It seems records are shattered at every turn — the hottest day of the hottest month of the hottest year of the hottest decade ever.

    All of this is hitting the vulnerable hardest, and everyday people in their pockets — with higher living costs, higher insurance premiums and higher food prices.  Just last week, the World Meteorological Organization (WMO) confirmed that 2024 was another alarming year.

    Almost every climate indicator reached new and increasingly dangerous heights — inflaming displacement and food insecurity and inflicting huge economic losses.  And for the first time, the annual global temperature was 1.5°C hotter than pre-industrial times.

    Scientists are clear:  it is still possible to meet the long-term 1.5°C limit.  But, it requires urgent action.  And it requires leadership. I see two critical fronts to drive action.

    First, new national climate plans — or NDCs — due by September.  Investors need certainty and predictability.  These new plans are a unique opportunity to deliver and lay out a coherent vision for a just green transition.  They must align with the 1.5°C limit, as agreed at COP28 [twenty-eighth Conference of the Parties to the United Nations Framework Convention on Climate Change].  And cover all emissions and the whole economy.

    Together, they must reduce global emissions 60 per cent by 2035 compared to 2019 and contribute to the COP28 global energy transition goals.

    All this must be achieved in line with the principle of common but differentiated responsibilities and respective capabilities, in the light of national circumstances but everybody, everybody must do more.  The Group of 20 (G20) — the largest emitters and economies — must lead.

    Every country must step up and play their part.  The United Nations is with you all.  President Lula and I are working to secure the highest ambition from the largest economies.

    The United Nations Climate Promise is supporting 100 countries to prepare their new climate plans.  And we will convene a special event in September to take stock of the plans of all countries, push for action to keep 1.5°C within reach, and deliver climate justice.

    Second, we must drive finance to developing countries.  The COP29 finance agreement must be implemented in full.  I count on the leadership of the COP29 and COP30 presidencies to deliver a credible road map to mobilize $1.3 trillion a year by 2035.

    We need new and innovative sources of financing, and credible carbon pricing.  Developed countries must honour their promise to double adaptation finance to at least $40 billion a year, by this year.

    And we need serious contributions to the fund for responding to loss and damage, and to get it up and running.

    We can only meet these goals with stronger collaboration between Governments, and across society and sectors.  Those that will lag behind need to be not a reason for us to be discouraged, but an increase in our commitment to move forward.

    The rewards are there for the taking, for all those ready and willing to lead the world through these troubled times.  We are at a turning point.  I urge you to seize this moment; and seize the prize.

    MIL OSI United Nations News –

  • MIL-OSI: Digicel and Caban Energy Combat Climate Change With Solar Rollout

    Source: GlobeNewswire (MIL-OSI)

    KINGSTON, Jamaica, March 26, 2025 (GLOBE NEWSWIRE) — In a powerful statement of its commitment to environmental responsibility and combatting climate change, Digicel today announced a partnership with Caban Energy (Caban) which will diversify its energy source using solar technology and reduce its greenhouse gas (GHG) emissions while significantly reducing operational costs.

    This partnership in renewable energy infrastructure will support the Caribbean region in achieving its sustainability goals as outlined in the Paris Agreement. As a leader in renewable energy, Caban is working to deploy solar energy and storage solutions on cell towers across Jamaica for Digicel, both in collaboration with Phoenix Tower International (PTI) and independently.

    Providing a reliable, sustainable and cost-effective alternative power source for cell tower, data centers and other critical infrastructure locations, solar energy and storage solutions enhance network reliability, energy security and communications resilience. By integrating renewable energy into its network once fully deployed, Digicel will reduce GHG emissions by over 38,674 tons of CO2e per year or 580,109 tons of CO2e for the life of the project.

    Commenting on the partnership, Digicel Group CEO, Marcelo Cataldo, said; “As a meaningful expression of our Connecting. Empowering mission, our commitment to ESG is fundamental to who we are as a business. With robust social and governance programmes in place, we’re now making tangible progress in our environmental agenda as we drive multiple benefits through the deployment of sustainable, renewable and cost-effective energy solutions. Jamaica is our first market with Caban and is the shape of things to come with the expectation that more of our 25 markets will come on stream in the coming months.”

    Stephen Murad, Digicel Jamaica CEO, elaborates; “In the wake of Hurricane Beryl in July 2024 which caused significant damage to the south coast of Jamaica, and in particular to the power supplies that we rely on to run our telecoms infrastructure, we made a commitment to the Prime Minister of Jamaica that we would invest in renewable energy. We’re proud that just eight months later, we’re honouring that commitment and actively stepping up to help combat climate change.”

    Alexandra Rasch, CEO of Caban, commented; “This is about building a sustainable future for all. With Caribbean countries at the forefront of the negative effects of climate change, the region’s energy landscape is evolving. Mindful of its ESG commitments, Digicel is partnering with us to harness renewable energy sources to benefit those same countries and enable their progress towards achieving national and global climate targets. It makes for an exciting future.”

    About Digicel

    Enabling customers to live, work, play and flourish in a connected world, Digicel’s world class LTE and fibre networks deliver state-of-the-art mobile, home and business solutions.

    Serving nine million consumer and business customers in 25 markets in the Caribbean and Central America, our investments of over US$5 billion and a commitment to our communities through our Digicel Foundations in Haiti, Jamaica and Trinidad & Tobago have contributed to positive outcomes for over two million people to date.

    With our Connecting. Empowering vision at the heart of everything we do – supported by our DIGI values of Diversity, Integrity, Growth and Innovation – our 5,000 employees worldwide work together to make that a powerful reality for customers, communities and countries day in, day out. Visit www.digicelgroup.com for more.

    About Caban

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

    Caban uniquely combines service, hardware, software, and finance to deliver reliable, clean power and boosts your bottom line. This turnkey approach allows you to work directly with one trusted ESG partner to achieve decarbonization across your operations. Visit www.cabanenergy.com for more.

    Contact:
    Antonia Graham
    Head of Group Communications
    +1876 564 1708
    antonia.graham@digicelgroup.com

    Jacqueline Castillo
    info@cabanenergy.com

    The MIL Network –

  • MIL-OSI United Kingdom: £8million funding secured towards new Heath Town heat network

    Source: City of Wolverhampton

    The Department for Energy Security and Net Zero (DSNEZ) has announced the funding as part of its Heat Network Efficiency Scheme.

    It will contribute towards the critical £19.5million works, with the remainder coming from the council’s Housing Revenue Account Capital Programme.

    All of the properties on the Heath Town estate are supplied with heat via the outdated district heating network that was first installed around 55 years ago and has undergone minor upgrades since.

    The existing boiler house was designed to use coal and is no longer fit for purpose and the boiler house pre-cast reinforced concrete panelling has now reached the end of its life and is starting to fail.

    The new system will improve efficiency through reduced primary energy consumption, network return temperature and pumping energy costs, following upgrades to the network’s control systems, replacement of pumps and pipework, and the installation of new heat interface units (HIUs) for residents.

    Works on the new heat network are expected to start next month (April) and last for 2 years.

    The council’s Deputy Leader and Cabinet Member for City Housing, Councillor Steve Evans, said: “The council’s transformative regeneration of Heath Town has seen extensive demolition of vacant buildings followed by 40 new council homes – the first developed on the estate since the 1960s.

    “This is just the first phase of a total of more than 150 new council homes to be built on the estate over the coming years – and is in addition to existing residential blocks undergoing major improvements by Wolverhampton Homes. All new homes will be connected to the district heating system.

    “It is important the right infrastructure is in place to support this rejuvenated neighbourhood and this funding from government will enable us to put in place a heat network that is fit for purpose and ultimately reduces energy costs for residents.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Funding boost to keep homes warm and cut energy bills

    Source: City of Leicester

    PEOPLE are being encouraged to use a digital advice tool to see how they might benefit from new support for energy efficient home improvements.

    Leicester City Council has been awarded over £4.5 million of Warm Homes Local Grant funding from the Government’s Department for Energy Security and Net Zero.

    The scheme will offer grants to low-income households to pay for better insulation and other improvements, such as solar panels and low carbon heating, to cut bills for families, slash fuel poverty, and help reduce carbon emissions.

    To be eligible, homes must be privately owned (owner occupied or privately rented); have an energy performance certificate (EPC) between D and G; and have a household income of less than £36,000.

    Applications for the new grants are expected to begin in later-summer, with full details of the amount of support available to households due to be published soon.

    In the meantime, residents can explore how their homes might benefit by using the new Homewise digital advice tool, developed by Energy Saving Trust.

     This free online service helps homeowners identify energy efficiency improvements they could make to their homes. By completing a simple online survey, people can get a personalised action plan tailored to their needs and budget. They’ll also get a breakdown of the cost for any improvements and potential savings.

    Cllr Geoff Whittle, assistant city mayor for environment and transport, said: “We know that installing energy efficient home improvements can be expensive so the announcement of this Government funding for new grants is very welcome.

    “We are already making free tailored energy advice available to city residents through Homewise. This free online advice is easy to get and will help people see how they can make their home more energy efficient, save money and reduce their carbon footprint.

    “By understanding your home’s energy needs now, you’ll be in a better position to take advantage of the grants when applications open later this year.”

    Laura Atkinson, business development manager at Energy Saving Trust said: “Leicester City Council is leading the way in empowering its residents to identify home energy improvements that will benefit them.

    “We know the value of personalised advice in helping people to make informed choices on how to make their home cheaper to heat and lower carbon emissions – our expert tool Homewise was created with this aim.”

    To find out more about Homewise, and to register for free tailored energy advice for your home, visit leicestercitycouncil.homewise.energy

    The Warm Homes: Local Grant scheme is part of the Government’s national Warm Homes Plan which aims to upgrade five million homes over the next five years to cut bills for families and deliver warmer homes to slash fuel poverty.

    Leicester is one of 73 local authorities, combined authorities and consortium areas to receive a share of over £463,000,000 of Government cash set aside for the scheme.

    MIL OSI United Kingdom –

  • MIL-OSI: Devon Energy Schedules First-Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, March 26, 2025 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2025 results on Tuesday, May 6, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2025 results will be available on the company’s website at www.devonenergy.com.

    On Wednesday, May 7, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call.

    ABOUT DEVON ENERGY

    Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

    The MIL Network –

  • MIL-OSI United Kingdom: Gaston writes to Unionist members of the Executive calling for action to prevent Sinn Fein solo run on Irish signage

    Source: Traditional Unionist Voice – Northern Ireland

    Statement by TUV North Antrim MLA Timothy Gaston:

    “I have today written to all unionist Ministers calling on them to take action on the decision to impose Irish language signage at Grand Central Station. A loyalist part of Belfast, which has already been treated abominably by the whole saga around the station, should not suffer the added indignity of Grand Central being branded with Irish language signage. It is now incumbent on Unionists to unitedly show that they will not tolerate this.”

    The text of Mr Gaston’s letters to the deputy First Minister, the Communities Minister, the Education Minister and the Health Minister reads as follows:

    Dear Minister,

    I write in respect of the decision to impose Irish Language signage on Belfast Central Station. This decision has been taken, it appears, without approval from the Executive committee operating on a cross-community basis.

    It is beyond any rational dispute that the imposition of this decision, given the ongoing controversy around Irish language signage being imposed without any cross-community consent, particularly in the Belfast area, is significant and controversial within the meaning of section 20 (4) of the Northern Ireland Act 1998, read in conjunction with the Ministerial Code made pursuant to section 28A (5) of the 1998 Act.

    The consequence is that as a matter of law pursuant to section 28A (10) of the 1998 Act the Infrastructure Minister is deprived of lawful authority to take the decision.

    Therefore, I ask that each unionist Executive Minister take steps to ensure the Infrastructure Minister understands clearly that there is no lawful power to continue with the imposition of the relevant decision. Whilst it is not determinative, and even if unionist Ministers somewhat extraordinary shirked their responsibility to stand together on this issue and meekly rolled over to the latest aggressive Irish language demands, nevertheless the views of other Ministers as to whether a matter is significant and controversial is a weighty factor (see paragraph [13] Re Bryson’s application [2022] NIQB 4 and Re Safe Electricity A&T Ltd and Woods’ Application [2021] NIQB 93, at paragraphs [76] and [82]). Therefore, I trust unionist Ministers will take the necessary steps in respect of this matter to require referral to the Executive committee, notwithstanding that TUV has ourselves lodged a petition to require such a referral. This ensures that even if unionist Ministers roll over on this issue, every unionist MLA has the power to nevertheless require the matter to be referred to the Executive.

    However, of importance, it is unionist Ministers in the Executive who ultimately have the power to prevent this decision having legal effect.

    Yours sincerely,
    Timothy Gaston MLA

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: Secretary-General’s remarks to the Virtual High-Level Segment of the 16th Petersberg Climate Dialogue [as delivered]

    Source: United Nations secretary general

    Thank you for this opportunity — and for your focus today on collective climate action and acceleration of implementation. 

    This could not be more timely. 

    There is much uncertainty and instability in our world.

    But today we meet in the wake of some good news.

    Just this morning, the International Renewable Energy Agency officially confirmed that 2024 was a record year for renewables additions to global power capacity. 

    Renewables represented more than 92 per cent of all new electricity generation capacity installed last year.
     
    The amount of renewables added represents more than the total electricity capacity of Brazil and Japan combined.

    Europe’s capacity grew by 9 per cent – with Germany contributing more than one-quarter of that growth. Africa’s capacity grew by almost 7 per cent.

    All of this is another reminder of a 21st century truth:

    Renewables are renewing economies. 

    They are powering growth, creating jobs, lowering energy bills, and cleaning our air. 
     
    And every day, they become an even smarter investment. 

    Since 2010, the average cost of wind power has plunged 60%.  Solar is 90% cheaper. 

    In 2023, clean energy sectors accounted for five per cent of economic growth in India and six in the US. It accounted for a fifth of China’s GDP growth, and a third of the EU’s.

    The economic case for – and opportunities of – climate action have become ever clearer – particularly for those who choose to lead. 

    And leadership is what we need – as today’s IRENA report shows:

    To accelerate the shift to renewables…

    And to correct the imbalances in the transition, which is still starving developing countries – outside China – of the investment needed to fully embrace clean energy. 

    Excellencies, dear friends,

    As the title of this session puts it so well: we are indeed at a turning point to the future.

    In the ten years since Paris, we have seen other important progress.

    Ninety percent of global emissions are now covered by net-zero targets. 

    A decade ago, the planet was on course for a global temperature rise of over four degrees Celsius.

    Today, countries’ national climate plans – or NDCs – if fully delivered – will take us closer to a 2.6-degree rise.

    At the same time, climate challenges are piling up.  

    It seems records are shattered at every turn — the hottest day of the hottest month of the hottest year of the hottest decade ever. 

    All of this is hitting the vulnerable hardest, and everyday people in their pockets – with higher living costs, higher insurance premiums, and higher food prices.

    Just last week, the World Meteorological Organization confirmed that 2024 was another alarming year:

    Almost every climate indicator reached new and increasingly dangerous heights – inflaming displacement and food insecurity and inflicting huge economic losses.

    And, for the first time, the annual global temperature was 1.5 degrees Celsius hotter than pre-industrial times.

    Scientists are clear – it is still possible to meet the long-term 1.5 degree limit.

    But it requires urgent action. And it requires leadership.

    Excellencies, dear friends,

    I see two critical fronts to drive action. 

    First, new national climate plans – or NDCs – due by September.

    Investors need certainty and predictability.

    These new plans are a unique opportunity to deliver – and lay out a coherent vision for a just green transition.

    They must align with the 1.5-degree limit, as agreed at COP28. And cover all emissions and the whole economy.

    Together, they must reduce global emissions 60% by 2035 – compared to 2019…

    And contribute to the COP28 global energy transition goals.

    All this must be achieved in line with the principle of common but differentiated responsibilities and respective capabilities, in the light of national circumstances but everybody, everybody must do more.

    The G20 – the largest emitters and economies – must lead.

    Every country must step up and play their part.

    The United Nations is with you all.

    President Lula and I are working to secure the highest ambition from the largest economies.

    The United Nations Climate Promise is supporting a hundred countries to prepare their new climate plans.

    And we will convene a special event in September to take stock of the plans of all countries, push for action to keep 1.5 within reach, and deliver climate justice.

    Second, we must drive finance to developing countries.

    The COP29 finance agreement must be implemented in full.

    I count on the leadership of the COP29 and COP30 Presidencies to deliver a credible roadmap to mobilize $1.3 trillion a year by 2035.

    We need new and innovative sources of financing, and credible carbon pricing.

    Developed countries must honour their promise to double adaptation finance to at least $40 billion a year, by this year.

    And we need serious contributions to the fund for responding to Loss and Damage, and to get it up and running.
    Excellencies,

    We can only meet these goals with stronger collaboration – between governments, and across society and sectors.

    Those that will lag behind need to be not a reason for us to be discouraged but an increase in our commitment to move forward.

    The rewards are there for the taking, for all those ready and willing to lead the world through these troubled times.

    We are at a turning point.  I urge you to seize this moment; and seize the prize.

    Thank you.
     

    MIL OSI United Nations News –

  • MIL-OSI USA: U.S. biodiesel use increases outside of the transportation sector

    Source: US Energy Information Administration

    In-brief analysis

    March 26, 2025

    A small but increasing amount of biodiesel in the United States is consumed in the residential, commercial, and electric power sectors, according to new estimates now published in our State Energy Data System. Previously, we allocated all U.S. biodiesel consumption to the transportation sector, where the vast majority of biodiesel is consumed.

    Biodiesel is a renewable fuel produced using fats, oils, or greases usually blended with petroleum diesel and consumed by trucks. In 2023, the most recent year for which we have estimates, the transportation sector accounted for about 95% of the nearly 46 million barrels of biodiesel consumed in the United States.

    Biodiesel can also be blended with heating oil to heat homes and businesses. We estimate that the residential and commercial sectors combined accounted for nearly 5% of U.S. total biodiesel consumption in 2023, up from about 1% a decade earlier. The introduction of biofuel blending mandates for heating oil in some northeastern states is contributing to that growth. Although customers in other states likely blend biodiesel to heat homes and businesses, we only estimate consumption for New York, Connecticut, and Rhode Island.

    Consumption of biodiesel in the residential and commercial sectors is higher in New York than in any other state, accounting for 57% of the U.S. total for those sectors in 2023. New York City passed the nation’s first law requiring biodiesel blending with heating oil, mandating a minimum 2% biodiesel blended with heating oil beginning in 2012. Later, New York enacted a 5% minimum state-wide blend law beginning in 2022, which increases to 10% in 2025 and 20% in 2030. According to the U.S. Census Bureau’s American Community Survey, nearly 16% of homes in New York used heating oil as their primary heat source in 2023, about four times more than the U.S. average of about 4%.

    Connecticut and Rhode Island also have similar state-wide minimum biofuel blend laws for heating oil. Connecticut’s 5% blend law began in 2022 and ramps up to 10% in 2025, 15% in 2030, 20% in 2034, and 50% in 2035. Rhode Island was the first state to enact a minimum biofuel heating oil blend law that began with a 5% blend in 2017 and increased to 10% in 2023. Rhode Island’s blend law increases more quickly than the other states—up to 20% in 2025 and 50% in 2030. More than 34% of homes in Connecticut and 26% of homes in Rhode Island reported heating oil as their primary heat source in 2023.

    Biodiesel can also be burned to generate electricity, and the electric power sector accounted for less than 1% of U.S. biodiesel use in 2023. In 2006, a test plant in Tennessee reported the first biodiesel use for electric power in the United States. Hawaii has accounted for nearly all U.S. biodiesel consumed for electric power since 2009. In 2023, petroleum fueled about 68% of Hawaii’s total electricity generation, the highest share of any state, and we estimate that biodiesel fueled about 1% of the state’s total generation.

    Principal contributor: Mickey Francis

    Tags: biofuels, distillate fuel, heating oil, transportation, residential, commercial, electric generation, states, Connecticut, Hawaii, New York, Rhode Island, Tennessee, electricity, generation

    MIL OSI USA News –

  • MIL-OSI USA: 4 College of Engineering Faculty Elected to CASE

    Source: US State of Connecticut

    For being “leading experts in science, technology, engineering, mathematics, and medicine,” the Connecticut Academy of Science and Engineering (CASE) is welcoming four faculty from UConn’s College of Engineering (CoE) into its membership.

    They are among 12 inductees from UConn, and 36 statewide. The new members will be introduced at the Academy’s 50th Annual Dinner on May 28.

    Election to CASE is open to scientists and engineers who work or live in Connecticut based on scientific distinction achieved through significant original contributions in theory or applications, unusual accomplishments in the pioneering of new and developing fields of applied science and technology, or both.

    The 2025 CASE inductees from the CoE include:
    • Omer Khan, professor of electrical and computer engineering

    • Ji-Cheng “JC” Zhao, dean of the College of Engineering; professor of materials science and engineering

    • Guoan Zheng, Collins Aerospace Professor of Engineering Innovation in the Department of Biomedical Engineering; and director of the UConn Center for Biomedical and Bioengineering Innovation

    • Xiao-Dong Zhou, Connecticut Clean Energy Fund Professor in Sustainable Energy; the Nicholas E. Madonna Chair in Sustainability; director of the Center for Clean Energy Engineering; and professor of chemical and biomolecular engineering, materials science and engineering, and mechanical engineering

    “CASE is honored to have these outstanding scientists and engineers join us as we seek to fulfill our mission to provide evidence-based advice to inform policy and promote innovation in Connecticut,” says CASE President Amy Howell.

    Brief bios of the 2025 CASE Fellows are below:

    Omer Khan

    Omer Khan leads the Computer Architecture Group (CAG) and serves as an associate director of the Connecticut Advanced Computing Center (CACC). His research interests include computer architectures and methods that exploit parallelism, locality, resiliency, and privacy suitable for high-performance applications, such as graph intelligence problems. He has contributed architectural advancements for futuristic massively parallel microprocessors that substantially enhance system level performance and efficiency.

    Most recently, Khan and his colleagues took a hardware-architecture-algorithm approach to develop a new system architecture that helps optimize multiple goals at once, like finding the best trade-off between speed and fuel efficiency for autonomous vehicles. They propose Ordered Parallel Multi-Objective Search, or OPMOS, that exploits massive parallelism to achieve huge improvements in performance.

    “OPMOS is a unique approach that brings together algorithmic optimizations and architectural insights to rapidly accelerate these computationally hard multi-objective graph intelligence problems,” Khan explains. “This means exact solutions that used to take hours to generate can be found in seconds. This allows decision-makers to have access to real-time information, leading to better decision-making in high-impact application scenarios.”

    As a complementary research effort, Khan is addressing the computational complexity problem in artificial intelligence applications, such as autonomous systems, social influence, and chip design that must handle increasingly large and sparse graph-based data.

    “Efficient processing of sparse graph problems is extremely challenging since the underlying computations require complex mathematical operations whose processing suffers from performance scaling challenges on existing hardware processing units,” Khan explains. Khan and his colleagues are developing parallel hardware architectures that exploit sparsity for performance to reduce computational complexity without compromising accuracy.

    Prior to joining UConn, Khan spent several years in the semiconductor industry as a high-performance processor architect.

    Khan has a BS in electrical and computer engineering from Michigan State University (2000) and a Ph.D. in electrical and computer engineering from the University of Massachusetts Amherst (2009).

    Ji-Cheng “JC” Zhao

    Ji-Cheng “JC” Zhao is an expert on design of advanced alloys and coatings, additive manufacturing (3D printing) of alloys and composites, high-throughput materials science methodologies, and computational thermodynamics and kinetics. He previously served as a director at the U.S. Department of Energy’s ARPA-E (Advanced Research Projects Agency—Energy), managing approximately $100 million in projects to develop energy-efficient and green technologies.

    Before working in academia and government, Zhao was a senior materials scientist and project leader at General Electric (GE) Research Center where he invented new materials and processes, mostly for gas turbines and jet engines, leading to 48 U.S. patents.

    As dean of engineering at UConn, Zhao is working to expand the College’s research footprint, launch impactful educational programs, and advance relationships with local, national, and international partners.

    Zhao is a member of the National Academy of Engineering and the Fellow of the American Association for the Advancement of Science, the National Academy of Inventors, ASM International, the Materials Research Society, and the Minerals, Metals, and Materials Society.
    Zhao has a BS in materials science and engineering from Central South University in Hunan, China (1985) and a Ph.D. in materials science and engineering from Lehigh University (1995).

    Guoan Zheng

    Guoan Zheng is an expert on biomedical optics and instrumentation, computational imaging, microscopy, and chip-scale imaging. At UConn’s Smart Imaging Laboratory, he leads a team of researchers who are developing a new technique called Synthetic Aperture Ptycho-Endoscopy (SAPE), which achieves outstanding resolution and visibility in endoscopic images. Since its inception in 2013, the laboratory has been supported by NSF, NIH, DOE, Connecticut Innovations, and partnerships with multiple industry leaders.

    Zheng is also the inventor of Fourier ptychography, a transformative microscopy technique that has become a global standard, now widely adopted across numerous laboratories worldwide. The technique is featured as a chapter in the most widely read textbook on Fourier optics.

    He’s also a member of Optica and SPIE, the international society for optics and photonics.

    Zheng holds a BS in electrical engineering from Zhejiang University (2007); and a Ph.D. in electrical engineering from the California Institute of Technology (2013).

    Xiao-Dong Zhou

    Xiao-Dong Zhou is passionate about reducing greenhouse gas emissions through the development of advanced materials and innovative, efficient processes. He’s an expert on nonequilibrium thermodynamics, electrochemistry, thermodynamics and electrochemistry in fuel cells, electrolyzers, and batteries, and studies ways small molecules—such as oxygen, water, carbon dioxide and methane—can be used to create value-added commodities.

    At UConn, Zhou serves as a special advisor on sustainable energies to President Radenka Maric and Vice President for Research Pamir Alpay. In this role, he provides guidance and contributes to the development of sustainable energy strategies and initiatives across the university.

    Zhou currently serves as the technical editor of the Journal of The Electrochemical Society, and an associate editor of the Journal of the American Ceramic Society and the International Journal of Ceramic Engineering and Science. Since 2017, Zhou has secured more than $23 million in grants from the National Science Foundation, NASA, and the Department of Energy.

    Zhou received his BS in chemical engineering from East China University of Science and Technology and his Ph.D. in ceramic engineering from the University of Missouri-Rolla.

    In 2012, CASE elected Pamir Alpay, vice president for research, innovation, and entrepreneurship and professor of materials science and engineering to its membership. He’s among 20 engineering faculty from UConn—including the four new inductees—who are CASE members.

    “We’re thrilled to have Professors Zhao, Zheng, Khan, and Zhou join our membership at the Connecticut Academy of Science and Engineering,” Alpay says. “This achievement is a testament to their contributions to research and innovation, and their dedication to advancing knowledge in engineering fields. Their work continues to inspire excellence within our academic community at the CoE.”

    The CoE faculty are among 12 newly elected CASE members at UConn. One third of all new inductees statewide are UConn faculty. Others 2025 inductees include:

    • Gerald Berkowitz, professor of horticulture, University of Connecticut College of Agriculture, Health and Natural Resources
    • Ming-Hui Chen, department head of statistics; Board of Trustees Distinguished Professor, University of Connecticut College of Liberal Arts and Sciences
    • Jie He, professor of chemistry, University of Connecticut College of Liberal Arts and Sciences
    • Guozhen Lu, professor of mathematics; director of Mathematical Sciences Research Collaboratory, University of Connecticut College of Liberal Arts and Sciences
    • Xiuling Lu, professor of pharmaceutical sciences; associate director of the Kildsig Center for Pharmaceutical Processing Research, University of Connecticut School of Pharmacy
    • Vijay Rathinam, professor of immunology, University of Connecticut Health Center School of Medicine
    • Kumar Venkitanarayanan, professor of animal science; associate dean for Research and Graduate Studies, University of Connecticut College of Agriculture, Health and Natural Resources
    • Jing Zhao, professor of chemistry, University of Connecticut College of Liberal Arts and Sciences

    UConn Engineering continues to have a strong presence in CASE membership. Khan, Zhao, Zheng, and Zhou join 16 other faculty from the College of Engineering who are already members of CASE.

    CASE was chartered by the Connecticut General Assembly in 1976 to provide expert guidance on science and technology to the people and to the state of Connecticut, and to promote the application of science and technology to human welfare and economic well-being.

    For more information about CASE, visit https://ctcase.org.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Chancellor delivers security and national renewal in a new era of global change

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Chancellor delivers security and national renewal in a new era of global change

    Chancellor vows to bring about “new era of security and national renewal” as she delivered a Spring Statement to kickstart economic growth, protect working people and keep Britain safe.

    • People to be on average £500 a year better off by the end of this parliament compared to under the previous government, putting more money in people’s pockets.

    • OBR forecast concludes government’s landmark planning reforms will result in a £6.8 billion boost to the economy and housebuilding at its highest level in over 40 years by 2029-30.

    • Growth at the heart of Plan for Change as £13 billion of additional capital spend allocated alongside £2.2 billion defence funding boost next year.

    People will be on average £500 a year better off from 2029, relative to OBR’s autumn forecast, helping to deliver the Plan for Change as the Chancellor today (Wednesday 26 March) announced a Spring Statement to grasp the opportunities in a changing world.

    The OBR has also today concluded that the government’s landmark planning reforms will result in UK housebuilding reaching its highest level in over 40 years, bringing the UK one step closer to its Plan for Change mission to build 1.5 million homes.

    The economy will be 0.2% larger in 2029-30 because of the reforms – worth around £6.8 billion in today’s money – growing to 0.4% over the next ten years. This represents the biggest positive growth effect it has ever forecasted for a policy that comes at zero-cost to taxpayers. The reforms will secure over 170,000 new homes for hard working families and leave borrowing £3.4 billion lower in 2029-30.

    The Chancellor also set out how the government is protecting national security and maximising the growth potential of the UK defence sector by confirming a £2.2 billion increase in the defence budget in 2025-26 while ensuring UK defence is on the cutting-edge of technology and innovation.

    But growth is still not where it should be, so at this Spring Statement, this government has gone further and faster to kickstart growth by training up to 60,000 young people to get Britain building again; increasing capital investment by £13 billion over this parliament; and fixing public services by tearing out waste from its roots.

    Growth

    Kickstarting economic growth is the number one mission of this government, putting more money in people’s pockets. The government has already made considerable progress; supporting a third runway at Heathrow; revitalising the Oxford Cambridge Growth Corridor, launching the National Wealth Fund and making the right choices on public investment to drive growth across the UK.

    The actions of this government across the Autumn Budget and Spring Statement, if sustained, lead to a 0.6% rise in the level of real GDP by 2034-35, signalling the government’s growth plan is working.

    The OBR concluded that the stability rule is met by £9.9 billion and the investment rule is met by £15.1 billion. Both rules are met two years early, meaning from 2027-28 the government is only borrowing for investment and net financial debt is falling.

    The government is not satisfied with short-term growth figures, and is going further and fast today to improve this.

    • To go further and faster to get Britain building, the Chancellor has today announced a further £13 billion of capital investment over the Parliament to go further on growth, on top of the £100 billion uplift announced at Autumn Budget. This will deliver the projects needed to catalyse private investment, boost growth and drive forward the UK’s modern industrial strategy – unlocking the potential of the Oxford Cambridge Growth Corridor which could add up to £78 billion to the UK economy by 2035.

    • Taken together, this greater capital investment more than offsets the modest savings on day to day spending and means the total departmental spending will increase over the next five years, when compared with plans in the Autumn.

    • Over this Parliament, the government is funding a £625 million package to boost skills in the construction sector, which is expected to provide up to 60,000 more skilled construction workers to support the government’s plans to deliver 1.5 million homes in England over the parliament and progress vital infrastructure projects,

    • As part of this, the government is providing further support to scale up existing construction skills pathway over this Parliament through £100 million for 35,000 additional training places in construction-focused Skills Bootcamps, supporting trainees, ‘returners’, and existing employees to succeed in the sector. Building on the £40 million investment in the new Growth and Skills Levy at Autumn Budget 2024, the government is also providing a further £40 million to support up to 10,000 more young people to access new construction Foundation Apprenticeships, which will provide a key entry route into a thriving industry.

    • The government is ensuring there are enough skilled construction workers in the system, with £100 million to deliver 10 Technical Excellence Colleges specialised in construction across every region in England, and £165 million to increase funding for training providers delivering construction courses for 16-19-year-olds and adults.

    • The government is committed to supporting employers to unlock further investment in training to deliver more skilled construction workers, and is providing £100 million, alongside a £32 million contribution from the Construction Industry Training Board to deliver up to 40,000 industry placements in construction each year.

    • Supported by the construction skills package, the government confirmed this week that there will be a £2 billion injection of new grant funding to deliver up to 18,000 new social and affordable homes. The new funding will only support developments on sites that will deliver in this Parliament, getting spades in the ground quickly to build homes in places such as Manchester and Liverpool.

    Defence

    The world is changing before our eyes, reshaped by global instability, including Russian aggression in Ukraine. Europe is facing a once-in-a-generation moment for its collective security, with conflicts overseas undermining security and prosperity at home. 

    A month ago, the PM announced the biggest sustained increase in defence spending since the Cold War as a result of the changing global picture, now reaching 2.5% of GDP by April 2027, and with an ambition to reach 3% in the next Parliament subject to economic and fiscal conditions.

    We are going further and faster to protect our national security and maximise the economic growth potential of the UK defence sector.

    • Increasing the defence budget by £2.2 billion in 2025-26, taking additional spending on defence to over £5 billion since the Autumn Budget.

    • This raises spending on defence to 2.36% next year and will be invested in fitting Royal Navy ships with Directed Energy Weapons five years earlier than planned, providing better homes for military families and modernising His Majesty’s Naval Base Portsmouth.

    • Setting a minimum 10 percent ringfence for equipment spending on emerging technologies like drones and autonomous systems, dual-use technology, and AI-powered capabilities, so that British troops have the tools they need to fight and win in modern warfare.

    • Getting this new tech into the hands of our armed forces quicker by cutting away bureaucracy, with a new UK Defence Innovation unit within the Ministry of Defence spearheading efforts to identify promising technology and ensure these get to the frontline at speed, while also bolstering the UK tech sector and crowding in private investment.

    • Creating bespoke procurement processes for different types of military equipment, learning lessons from our rapid support for Ukraine to drive faster timescale targets for operationalising new tanks, aircraft and other essential tools for modern warfare.

    • This government is determined to transform the defence sector into an engine for growth by focusing this investment on where it boosts the productive capacity of the economy such as investment in innovation and novel technologies. As a result of the increase in defence spending to 2.5%, the government estimates this could lead to around 0.3% higher GDP in the long run, equivalent to around £11 billion of GDP in today’s money.

    • The government’s investment in defence will also support its number one mission to deliver economic growth. UK citizens will be protected from threats at home whilst creating a stable environment in which businesses can thrive, and supporting highly skilled jobs and apprenticeships across the whole of the UK.

    Reform

    The government is determined to make the public sector more productive and to improve services for working people. But the changing world means we need to go further and faster to ensure we can deliver the public services that working people care most about.

    The government has shown its commitment to taking the difficult decisions required to drive efficiencies and reform the state – including announcing that the world’s largest quango, NHS England, will be brought back into the Department for Health and Social Care, reducing bureaucratic inefficiencies and duplication; and driving out wasteful government spend through cancelling thousands of government credit cards.

    Getting more people into jobs is also central to the government’s growth mission. This broken welfare system that is letting people down by asking them to prove what they can’t do, rather than focusing on what they could do with the right support – trapping people due to fear of trying work, lack of support and poor financial incentives.

    The social security system will always protect those who can never work, that is why this government is proposing an additional premium that will safeguard their incomes. And will end reassessments for people with the most severe, life-long conditions to give them dignity and security.

    Helping more people into work is a central aim of these reforms and which is why the government is tackling incentives to be inactive by abolishing the WCA, rebalancing Universal Credit, and investing more into employment support.

    We will always support those with long term health conditions through the Personal Independence Payment, which will remain an important non-means tested benefit for disabled people and people with long term health conditions.  But these reforms will make the system more targeted and sustainable to ensure the safety net is there for those who need it most.

    The OBR have now set out their final assessment of costings and confirmed this welfare package will reduce welfare spending by £4.8 billion in 2029-30.

    The government will modernise the Civil Service into a more productive and agile organisation that can effectively deliver the Plan for Change, underpinned by a digital revolution, while cancelling thousands of government procurement cards. Today, the Chancellor has gone further.

    • The Chancellor has confirmed the creation of a £3.25 billion Transformation Fund to support the fundamental reform of public services, seize the opportunities of digital technology and Artificial Intelligence (AI), and transform frontline delivery to release savings for taxpayers over the long-term.

    • The Fund will invest in vital public services and accelerate the modernisation of the state by taking the next step to reform the children’s social care system through an additional £25 million for the fostering system. This will include funding the recruitment of a further 400 new fostering households, providing children with stability and addressing cost pressures on local government.

    • The fund will also support the managing offenders in the community, by providing £8 million for new technology so probation officers can focus on reducing reoffending, rather than filling out forms.

    • In addition, it will provide £42 million for three pioneering DSIT-led Frontier AI Exemplars. These Exemplars will test and deploy AI applications to make government operations more efficient and effective and improve outcomes for citizens by reducing unnecessary bureaucracy.

    • To create an agile and productive state we are also providing £150 million for government employee exit schemes. This will support a leaner and more efficient Civil Service, helping to reduce administration costs by 15% by the end of the decade.

    • The Chancellor also announced a package of measures to close the tax gap, raising £1 billion per year by 2029-30. The UK tax gap was estimated to be around £40 billion in 2022-23.

    • The Spring Statement earmarks around £80 million in new money for third party debt collectors to bring in £1.3 billion over the next five years – a return of around £16 for every pound spent for UK public services and investment projects. HMRC will also receive £4 million in new funding to pilot a new test and learn programme with the private sector to improve the tax collection agency’s approach to recouping older unpaid tax debt. Ministers will decide whether to proceed with a larger exercise later this year based on the results of this test.

    • An additional 600 staff will also be recruited into HMRC’s debt management teams. This means that for every £1 spent on these staff, over £13 of debt is expected to be recovered. The staff will work with the private sector to make collecting tax debt more efficient including through automating admin processes.

    • The Spring Statement also announces £100 million in new funding for HMRC to recruit a further 500 compliance officers from April 2025. This will raise £241 million in unpaid tax over the next five years.

    • Late payment penalties for VAT and Making Tax Digital for income tax Self Assessment will increase to incentivise taxpayers to pay on time. This will be from 2% to 3% at 15 days, 2% to 3% at 30 days, and 4% to 10% from day 31. This will take effect from April 2025.

    • As announced in the autumn, Making Tax Digital for income tax Self Assessment will be extended to sole traders and landlords with income over £20,000. The Spring Statement confirms that this additional group will join Making Tax Digital from April 2028. This will build on the existing plan which will see sole traders and landlords with income above £50,000 joining from April 2026, and those with income above £30,000 joining from April 2027.  Around 4 million businesses have an income below the £20,000 threshold.

    Looking Forward

    This Spring Statement builds on the Autumn Budget and the decisions taken since required to deliver stability to the British economy and kickstart economic growth.

    The government will set out its plans for spending and key public sector reforms at the Spending Review which will conclude on 11 June 2025.

    This will not be a business-as-usual Spending Review. The government has fundamentally reformed the process to make it zero-based, collaborative, and data-led, in order to ensure a laser-like focus on the biggest opportunities to rewire the state and deliver the Plan for Change.

    At the Spending Review, the Budget in the autumn and across the Parliament, the government will continue to prioritise growing the economy to deliver change.

    More information

    • The OBR concludes planning reforms will bring housebuilding to its highest level in 40 years.

    • Government calculations for the long-run impacts of higher defence spending are based on estimates from Antolin-Diaz and Surico (2025), forthcoming in the American Economic Review (AER), of the GDP impact of higher defence spending on GDP. Their estimates of the GDP multiplier stabilise after ten years at around 1.6, which is assumed to reflect an appropriate long-run multiplier for potential output, as any demand-side effects are likely to have dissipated at the ten-year horizon.

    • Defence spending as a share of GDP is set to rise from 2.3% to 2.5%, an increase of 0.2 percentage points. Applying an elasticity of 1.6 to this change implies a long-run increase in the level of potential output of approximately 0.3%. A long-run increase to the level of potential output of 0.3% is equivalent to around £11 billion of GDP in the long run, in today’s prices.

    Updates to this page

    Published 26 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Turbo Energy Aims to ‘Set the Record Straight’ with Lawsuit Filed Against China-Based Sigenergy, Claiming False Advertising Regarding “World’s First 5-1 Energy Storage System”

    Source: GlobeNewswire (MIL-OSI)

    VALENCIA, Spain, March 26, 2025 (GLOBE NEWSWIRE) — Turbo Energy, S.A. (NASDAQ:TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced that it has filed a lawsuit in the Mercantile Court of Madrid in the Kingdom of Spain against Sigenergy International S.L. in an action for the cessation and rectification of illegal advertising relating to its baseless claim that its product marketed as SigenStor is the “world’s first highly integrated 5-in-1 energy storage system.”

    On June 12, 2023, China-based Sigenergy announced that it was “set to astound the world with its all-scenario energy solution, featuring the world’s first highly integrated 5-in-1 energy storage system,” at the EES Europe industry conference which was held in Munich, Germany that same week. Over the next year, Sigenergy followed with the implementation of a multi-channel promotional campaign, routinely broadcasting its claim to be the “world’s first…” on YouTube, its social media sites, its website and website blog and at industry trade show and conferences.

    By way of the lawsuit, Turbo Energy is alleging that Sigenergy’s promotional statements were blatantly false and misleading, particularly in light of the fact that Turbo Energy has been marketing its patented SUNBOX EV product, a highly integrated, all-in-one energy storage system, since its announced launch on April 22, 2022 and its official debut at the InterSolar Europe industry event held in Europe on May 11-13, 2022 – more than one year ahead of the introduction of SigenStor. 

    Mariano Soria, Chief Executive Officer of Turbo Energy, stated, “While it is our belief that Turbo Energy’s SUNBOX EV may indeed be the world’s first all-in-one energy storage innovation, we know for a fact that Sigenergy’s competing product, SigenStor, is not.  Therefore, we have filed this lawsuit with the objective of compelling Sigenergy to set the record straight by first acknowledging that the promotional statements they have made were unlawful and misleading, by publishing formal corrections in the press and on their website and by agreeing to refrain from continuing its unlawful advertising practices in the future.”

    Continuing, Soria said, “Turbo Energy is a global company defined, guided and inspired by our pioneering spirit, technological innovation and deeply embedded core values. Further, we recognize that we have chosen to pursue leadership in one of the fastest growing sectors of the sustainable energy industry – solar energy storage solutions — which has attracted a wide range of competitors to the space. Turbo Energy actually welcomes competitive pressure, because it serves to challenge us to be that much better and to reach further, faster.  What we don’t appreciate – and will not stand for — are competitors who elect to use deceptive advertising practices to misinform and mislead the customers we are all out there competing to win.”

    About Turbo Energy, S.A.

    Founded in 2013, Turbo Energy is a globally recognized pioneer of proprietary solar energy storage technologies and solutions managed through Artificial Intelligence. Turbo Energy’s elegant all-in-one and scalable, modular energy storage systems empower residential, commercial and industrial users expanding across Europe, North America and South America to materially reduce dependence on traditional energy sources, helping to lower electricity costs, provide peak shaving and uninterruptible power supply and realize a more sustainable, energy-efficient future. A testament to the Company’s commitment to innovation and industry disruption, Turbo Energy’s introduction of its flagship SUNBOX represents one of the world’s first high performance, competitively priced, all-in-one home solar energy storage systems, which also incorporates patented EV charging capability and powerful AI processes to optimize solar energy management. Turbo Energy is a proud subsidiary of publicly traded Umbrella Global Energy, S.A., a vertically integrated, global collective of solar energy-focused companies. For more information, please visit www.turbo-e.com.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and annual report under the heading “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    For more information, please contact:

    At Turbo Energy, S.A.                                                 
    Dodi Handy, Director of Communications                       
    Phone: 407-960-4636                                                   
    Email: dodihandy@turbo-e.com 

    The MIL Network –

  • MIL-OSI: Standard Lithium Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 26, 2025 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, is pleased to provide a general corporate update demonstrating continuous advancement and derisking of corporate objectives.

    Principal corporate updates and highlights include:

    • Commencement of a rigorous and disciplined project finance and off-take process for the first phase of the South West Arkansas (“SWA”) Project (first phase contemplates 22,500 tonnes per year of battery quality lithium carbonate production). A banking advisor with recent and relevant success has been selected to lead an intensive off-take selection and project finance (debt) process. This two-pronged engagement with potential off-take partners and debt providers started in January and is expected to be completed in Q3 and Q4 respectively. The Company looks forward to releasing additional information as the process advances;
    • The Smackover Lithium JV, in partnership with Equinor, continues the successful mineral leasing program in East Texas (“ETX”). SLI first started extensive mineral leasing in the most prospective areas of the Smackover Formation in East Texas in 2022. Since the formation of the JV in May 2024, it has continued to grow the acquired lease position, and is now actively leasing within a total area of 185,000 acres across several Counties in East Texas;
    • The first ETX project area of approximately 67,000 acres has been identified. This project area is centered on Franklin County, and the Company has previously drilled three exploratory boreholes in and adjacent to this project area and reported the highest known lithium in brine grades in North America (maximum lithium grade of 806 mg/L reported). Some of the existing wells will be resampled during Q2 and Q3 of this year, and it is expected that a maiden Inferred Resource Report for this highly prospective lithium resource will be published in Q3 of this year;
    • The Company, in partnership with Koch Technology Solutions, continues to use the Demonstration Plant in Union County as an essential test and technology development center to not only demonstrate the derisked and commercially ready DLE technology for the first commercial project at SWA, but also as a test-bed to continuously improve the entire flowsheet for future projects;
    • Commercial development at the Lanxess Projects is not ruled out, but the Company’s focus on building the next phase of lithium projects in North America is centered on the JV opportunities at the SWA Project and in East Texas. The Company is confident the brine resources that the JV is securing in East Texas will come to be seen as the premier lithium brine assets in North America.

    David Park, CEO of Standard Lithium said “The Standard Lithium team, in combination with our partners Equinor and Koch Technology Solutions, has been working diligently to keep on moving the projects forward, derisking key workstreams and hitting development milestones. As we’ve said before, it’s time for us to prioritize, focus, and execute. It is now clear that executing on our SWA Project with our partners is our top priority, and that we see incredible potential to build on that foundation and grow with them into East Texas.”

    Six-Month Fiscal Period Ended December 31, 2024 Call and Webcast

    The Company will hold a conference call and webcast to discuss its six-month fiscal period ended December 31, 2024 on Friday, March 28th at 3:30 p.m. ET. Access to the call is available via webcast or direct dial.

    Conference Call and Webcast Details
    Standard Lithium Six Month Fiscal Period Ended December 31, 2024 Results Call and Webcast
    March 28, 2025 3:30 p.m. Eastern Time (US and Canada)

    Participant Information:
    Conference ID: 6644028

    USA / International Toll +1 (646) 307-1963
    USA – Toll-Free (800) 715-9871
    Canada – Toronto (647) 932-3411
    Canada – Toll-Free (800) 715-9871

    Attendee Webcast Link:
    https://events.q4inc.com/attendee/457319305

    About Standard Lithium Ltd.

    Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by the highest quality resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated DLE and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California.

    Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.

    Qualified Person

    Steve Ross, P.Geo., a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and Vice President Resource Development for the Company, has reviewed and approved the relevant scientific and technical information in this news release.

    Investor and Media Inquiries

    Chris Lang
    Standard Lithium Ltd.
    +1 604 409 8154
    investors@standardlithium.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

    The MIL Network –

  • MIL-OSI Economics: Phillips 66 Files Preliminary Proxy Statement for 2025 Annual Meeting

    Source: Phillips

    HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE: PSX) today announced that it has filed its preliminary proxy materials with the U.S. Securities and Exchange Commission in connection with its upcoming 2025 Annual Meeting of Shareholders.
    In today’s filing, the Phillips 66 Board of Directors:
    Announces the nomination of two new candidates bringing critical financial and operational capabilities to the Board:A. Nigel Hearne, a 35-year veteran of the energy industry with direct refining operations leadership, bringing deep downstream and integration expertise; and Howard I. Ungerleider, a highly strategic former President and Chief Financial Officer with extensive chemicals experience.
    Nominates John E. Lowe and Robert “Bob” W. Pease as directors:Lowe, a strategic leader with more than 40 years of leadership in midstream, refining and chemicals businesses; and Pease, a director identified in partnership with Elliott Investment Management (“Elliott”), whose expertise in refining operations strengthens the Board’s oversight of efficiency improvements and strategic execution.
    Announces it again intends to seek shareholder approval of a management proposal to approve the declassification of the Boardat the 2025 Annual Meeting, a proposal that the Company has previously put forth five times over the past decade.
    Reiterates unanimous support for the Company’s strategyto drive compelling, consistent returns for shareholders through operational excellence and effective allocation of capital across a leading integrated downstream business with a differentiated portfolio in highly attractive markets.
    Unanimously recommends that shareholders use the WHITE proxy card or the WHITE voting instruction form to vote FOR only the four nominees recommended by the Board, and AGAINST Elliott’s proposal to approve, on an advisory basis, that the Board adopt a policy to implement the required annual resignation of all directors, and as the Board recommends on all other proposals.
    Glenn F. Tilton, the Board’s lead independent director, said, “As a board, we regularly evaluate all ideas that may maximize shareholder value and have a proven history of acting decisively on value enhancing opportunities when it is in the best interests of our shareholders. Our priority is ensuring we have the right mix of skills so that we are best positioned to oversee the Company’s strategy and to deliver consistent and long-term value for our shareholders. The Board encourages new perspectives, welcomes debate and regularly engages with shareholders to solicit their feedback.”
    Tilton continued, “After careful consideration of Elliott’s nominees and several conversations with Elliott’s representatives over multiple years, we have determined that the dissident nominees do not possess skills or experiences not represented on the Board already or that would directly drive further shareholder value creation. Further, Elliott’s inconsistent approach and evolving demands would introduce undue risk by prioritizing uncertain short-term gains over a disciplined, long-term strategy. The Board reiterates its commitment to rigorously evaluating the portfolio and strategic alternatives to maximize long-term shareholder value while avoiding decisions driven by short-term market fluctuations and speculative valuations.”
    Phillips 66 Nominates Proven Leaders Who Strengthen Highly Engaged Board
    Over the past four years, Phillips 66 has welcomed five new independent directors to the Board, including two in 2024. Today, Phillips 66 is nominating four director candidates, including two new nominees:
    A. Nigel Hearne: With more than 35 years of experience in the energy industry, including extensive international upstream and downstream operating experience, he is a proven leader who will provide extremely valuable insights in overseeing Phillips 66’s execution of its strategic priorities. Hearne is currently the Chief Operating Officer of Harbour Energy and was recently Executive Vice President of Oil, Products & Gas at Chevron Corporation where he oversaw the entire value chain and was responsible for maximizing value from their global integrated model. He began his career in downstream operations, overseeing refineries in the United States and globally.
    Howard I. Ungerleider: An experienced public company board member, Ungerleider is a highly strategic former President and Chief Financial Officer with deep insight into the chemicals business. He served in leadership roles at Dow for more than 30 years and managed the financial complexities of the historic merge-and-spin of DowDuPont, an $86 billion holding company comprised of The Dow Chemical Company and DuPont, from September 2017 to April 2019. His financial expertise and broader leadership through strategic transformations will be a meaningful addition to the Board and its oversight of the Company’s strategy.
    John E. Lowe: As a respected strategic leader in the energy industry, he brings extensive expertise from an over 40-year career with leadership positions across midstream, refining, upstream and chemicals businesses. Through his various roles as an executive, strategic advisor and board member for upstream, midstream and downstream energy companies, he provides valuable insights into strategic, operational and regulatory considerations for Phillips 66’s strategic transformation and overall strategy.
    Robert W. Pease:Through his 38-year career in the energy industry, he has held numerous leadership roles, particularly in downstream businesses. He brings deep refinery operations experience to the Board, which bolsters the Board’s ability to oversee the Company’s focus on optimizing the cost structure and operational efficiency of its refining assets, along with valuable perspectives on shifting market demand and through-cycle positioning which are important for the Company to set its long-term strategy.
    “The addition of Nigel and Howard will add fresh insights from proven global leaders who not only have direct experience in our industry – they notably bring unique perspectives from their careers that are highly relevant to our position in the industry and our long-term strategy,” said Tilton. “Together, Nigel, Howard, Bob and John represent a unique set of skills and experiences. Nigel and Howard’s skills will complement those of our existing directors and can challenge our strategy and represent what is best for our shareholders,” Tilton added.
    Tilton concluded, “Our transformative strategy is in its early stages, and we are confident we have the right chief executive officer, leadership team and strategic plan in place to continue delivering sustainable value creation, as noted last year by one of our largest shareholders, Elliott Management. The Board takes a highly engaged approach to overseeing the Company’s strategy that involves thoughtfully reviewing operations and challenging management to further maximize long-term shareholder value.”
    Phillips 66’s Board of Directors is Committed to Declassification
    At the 2025 Annual Meeting, Phillips 66 is seeking shareholder approval of a proposal to approve the declassification of the Board by amending the Company’s certificate of incorporation and by-laws, as it has done five times before over the past decade. The Board continues to believe it is in the best interests of the Company and its shareholders to properly declassify the Board. Elliott is seeking shareholder approval of a request for the Board to adopt a policy to implement a required annual resignation of all directors. Elliott’s proposal is merely a distraction and contravenes several elements of the Company’s organizational documents, in violation of well-established principles of Delaware corporate law.
    The Board strongly urges shareholders who wish to properly declassify the Board in accordance with the Company’s governing documents to vote AGAINST Elliott’s proposal and in support of management’s proposal.
    Elliott’s Proxy Fight
    As stated in the March 5 public letter to shareholders, Phillips 66 has sought to engage with Elliott since 2023 to hear its ideas and work constructively toward a shared goal of long-term value creation.
    This constructive dialogue led to the addition of Bob Pease to the Board with Elliott stating: “We (Elliott) have worked collaboratively with Phillips 66 on the Board’s appointment of Bob, who will bring extensive experience in refining and the energy industry more broadly.”
    However, attempts to reach agreement on adding another mutually agreed director have been met with challenges.
    Following a period of silence, Elliott issued a series of public attacks on the Board and management team and, for the first time in its discussions with Phillips 66, proposed the idea of a separation. Phillips 66 sought to re-engage Elliott in constructive dialogue to find a path forward that would benefit all shareholders.
    At the latest meeting, Elliott representatives indicated there were no immediate next steps and opted not to present their nominees for interviews at that time, despite the Board’s willingness to engage. The Board and leadership team of Phillips 66 stand ready to engage constructively when Elliott is ready.
    In the coming weeks, Phillips 66 will provide more information about its highly qualified board candidates, its strong management team and its proven strategy to create long-term shareholder value. The Company will also provide details regarding how Elliott’s nominees and its proposed changes at Phillips 66 present significant risks to shareholder value.
    Keeping Our Shareholders Informed
    Phillips 66’s definitive proxy materials will soon be mailed out to shareholders and will include a WHITE proxy card or a WHITE voting instruction form with voting instructions. Your vote for all four Phillips 66 nominees on the WHITE proxy card or WHITE voting instruction form will be critical. Shareholders and other stakeholders can stay informed about the 2025 Annual Meeting and related updates by visiting: Phillips66Delivers.com.
    Phillips 66 strongly urges shareholders to simply discard and NOT vote using any Gold proxy card or Gold voting instruction form that may be sent by Elliott.
    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.
    Forward-Looking Statements
    This document contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “committed,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies or laws that relate to our operations, including regulations that seek to limit or restrict refining, marketing and midstream operations or regulate profits, pricing, or taxation of our products or feedstocks, or other regulations that restrict feedstock imports or product exports; our ability to timely obtain or maintain permits necessary for projects; fluctuations in NGL, crude oil, refined petroleum, renewable fuels and natural gas prices, and refining, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for refined petroleum or renewable fuels products; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for renewable fuels; potential liability from pending or future litigation; liability for remedial actions, including removal and reclamation obligations under existing or future environmental regulations; unexpected changes in costs for constructing, modifying or operating our facilities; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we have announced or may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our products; failure to complete construction of capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance with laws; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets, which may also impact our ability to repurchase shares and declare and pay dividends; potential disruption of our operations due to accidents, weather events, including as a result of climate change, acts of terrorism or cyberattacks; general domestic and international economic and political developments, including armed hostilities (such as the Russia-Ukraine war), expropriation of assets, and other diplomatic developments; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
    Additional Information
    On March 26, 2025, Phillips 66 filed a preliminary proxy statement on Schedule 14A (the “Proxy Statement”) and accompanying WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and its solicitation of proxies for Phillips 66’s director nominees and for other matters to be voted on. The Proxy Statement is in preliminary form and Phillips 66 intends to file and mail to shareholders of record entitled to vote at the 2025 Annual Meeting a definitive proxy statement and other documents, including a WHITE proxy card. Phillips 66 may also file other relevant documents with the SEC regarding its solicitation of proxies for the 2025 Annual Meeting. This communication is not a substitute for any proxy statement or other document that Phillips 66 has filed or may file with the SEC in connection with any solicitation by Phillips 66. PHILLIPS 66 SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AND ANY OTHER RELEVANT SOLICITATION MATERIALS FILED WITH THE SEC AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of the Proxy Statement, any amendments or supplements to the Proxy Statement and other documents (including the WHITE proxy card) filed by Phillips 66 with the SEC without charge from the SEC’s website at www.sec.gov. Copies of the documents filed by Phillips 66 with the SEC also may be obtained free of charge at Phillips 66’s investor relations website at https://investor.phillips66.com or upon written request sent to Phillips 66, 2331 CityWest Boulevard, Houston, TX 77042, Attention: Investor Relations.
    Certain Information Regarding Participants
    Phillips 66, its directors, its director nominees and certain of its executive officers and employees may be deemed to be participants in connection with the solicitation of proxies from Phillips 66 shareholders in connection with the matters to be considered at the 2025 Annual Meeting. Information regarding the names of such persons and their respective interests in Phillips 66, by securities holdings or otherwise, is available in the Proxy Statement, which was filed with the SEC on March 26, 2025, and will be included in Phillips 66’s definitive proxy statement, once available, including in the sections captioned “Beneficial Ownership of Phillips 66 Securities” and “Appendix C: Supplemental Information Regarding Participants in the Solicitation.” To the extent that Phillips 66’s directors and executive officers who may be deemed to be participants in the solicitation have acquired or disposed of securities holdings since the applicable “as of” date disclosed in the Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.

    Source: Phillips 66

    MIL OSI Economics –

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on energy-intensive industries – B10-0199/2025

    Source: European Parliament

    Giorgio Gori, Wouter Beke, Jana Nagyová, Mariateresa Vivaldini, Brigitte van den Berg, Benedetta Scuderi
    on behalf of the Committee on Industry, Research and Energy

    B10‑0199/2025

    European Parliament resolution on energy-intensive industries

    (2025/2536(RSP))

    The European Parliament,

    – having regard to the report of September 2024 by Mario Draghi entitled ‘On the future of European competitiveness’,

    – having regard to the report of April 2024 by Enrico Letta entitled ‘Much more than a market’,

    – having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

    – having regard to the Commission communication of 26 February 2025 entitled ‘Action Plan for Affordable Energy’ (COM(2025)0079),

    – having regard to the question to the Commission on energy-intensive industries (O‑000010/2025 – B10‑0000/2025),

    – having regard to Rules 142(5) and 136(2) of its Rules of Procedure,

    – having regard to the motion for a resolution of the Committee on Industry, Research and Energy,

    A. whereas energy-intensive industries (EIIs) account for a significant share of the EU’s economy and play a key role in job creation, especially in areas and regions where they are concentrated; whereas EIIs are crucial for the EU’s strategic autonomy and competitiveness, as well as for decarbonisation, taking into account their energy footprint;

    B. whereas the transition to a decarbonised economy and a clean energy system must lead to reducing energy prices and must take into account all available technologies that contribute to reaching the EU’s net zero goal for 2050 in the most cost-efficient way, avoiding lock-in effects and taking into account the different energy mix across Member States, including with regard to renewables and nuclear;

    C. whereas electrification is at the centre of the decarbonisation of EIIs; whereas EIIs include sectors that use fossil resources to meet temperature, pressure or reaction requirements, such as chemicals, steel, paper, plastics, mining, refineries, cement, lime, non-ferrous metals, glass, ceramics and fertilisers, for which greenhouse gas emissions are hard to reduce because they are intrinsic to the process or because of high capital or operating expenditure costs or low technological maturity;

    D. whereas the energy price gap between the EU and the US and China undermines the competitiveness of the EU’s industries; whereas elevated and volatile fossil fuel prices heavily affect electricity prices and the affordable cost of renewable energy sources is not transferred to energy bills;

    E. whereas an insufficiently integrated energy union poses further challenges to EIIs, in particular in relation to the lack of cross-border interconnections and the limited availability of clean energy, owing to lengthy permitting procedures or high capital or operating expenditures, as well as grid congestion;

    F. whereas the emissions trading system (ETS) provided long-term investment signals and helped bring down the emissions of ETS sectors by 47 %; whereas the energy market has profoundly changed since the introduction of the ETS, especially after Russia’s invasion of Ukraine and the shift from pipeline gas to liquid natural gas (LNG); whereas a lack of carbon market transparency risks hampering EIIs’ competitiveness; whereas ETS revenues are used unevenly across Member States, failing to adequately support EIIs’ decarbonisation;

    G. whereas unnecessary regulatory burdens and lengthy permitting procedures undermine the business case for investing in decarbonisation in Europe; whereas the concept of overriding public interest is provided for in EU legislation; whereas complex and fragmented EU funding impedes timely investment in net-zero technologies and digitalisation, in particular for small and medium-sized enterprises (SMEs);

    H. whereas the lack of necessary private investment risks hindering EIIs’ decarbonisation; whereas relying excessively on State aid can have the unwanted consequences of exacerbating disparities and distorting competition across the EU;

    I. whereas the EU’s dependencies and limited access, both in quantity and quality, to primary and secondary raw materials pose significant challenges to EIIs; whereas circularity and efficiency can help reduce the annual investment needs in industry and in energy supply; whereas currently, ferrous metals exported to non-EU countries account for more than half of all EU waste exports, raising concerns about their sound treatment;

    J. whereas unfair competition from non-EU countries, including subsidised overcapacity, poses a great challenge to EU companies; whereas many regions around the world do not currently have ambitious decarbonisation targets, thus increasing the risk of carbon leakage;

    K. whereas a profound transformation of EIIs cannot succeed without the involvement of local and regional communities, workers and social partners, which are heavily affected by the transition;

    1. Reiterates its commitment to the EU’s decarbonisation objectives and to stable and predictable climate and industrial policies;

    2. Calls on the Member States to accelerate permitting and licensing processes for clean energy projects, ensuring administrative capacity, and to facilitate grid connections to enable clean, on-site energy generation, especially in remote areas; stresses that the growth of renewables and electrification will require massive investment in grids and in flexibility, storage and distribution networks; calls on the Commission to develop, beyond the concept of overriding public interest, solutions for speeding up decarbonisation projects;

    3. Believes that further action is needed to implement the electricity market design (EMD) rules, especially to promote power purchase agreements (PPAs) and two-way contracts for difference (CfDs) to reduce volatility and energy costs for EIIs; calls on the Commission to propose urgent measures to address current barriers to the signing of long-term agreements, especially for SMEs, using risk reduction instruments and guarantees, including public guarantee such as by the European Investment Bank (EIB); suggests that additional ways to decouple fossil fuel prices from electricity prices be explored, in the framework of the EMD, including with the aim of boosting long-term contracts in line with the affordable energy action plan, and by advancing the analysis of short-term markets to 2025;

    4. Calls on the Commission to assess the possibility of scaling up best practice for EIIs from Member States, such as Italy’s energy release; calls on the Commission to develop recommendations for reducing the exposure of consumers, and especially EIIs, to rising energy costs, such as by reducing taxes and levies and harmonising network charges, while ensuring public investment in grids;

    5. Calls for the enhancement of energy system integration, in particular in relation to cross-border interconnections, to ensure clean and resilient energy supply; asks for increased investment in flexibility, such as storage, including pumped storage hydropower and heat and waste heat storage, and demand response, to optimise grid stability; recalls the importance of energy efficiency in bringing costs down;

    6. Underlines the need to phase out natural gas as soon as possible; stresses that some sectors cannot rely substantially on electrification in the short to medium term; calls on the Member States – over the same time span and for these limited sectors – to develop measures to address gas price spikes in duly justified cases; calls on the Commission to develop tools to ensure gas supply at a mitigated cost, by enabling demand aggregation, building on AggregateEU, and joint gas purchasing, while keeping decarbonisation objectives; highlights the importance of encouraging stable contracts with gas suppliers, diversifying supply routes and improving market transparency and stability, in line with current legislation; calls for an impact assessment in the upcoming ETS review to analyse the relationship between the gas market and CO2 prices and the role of the market stability reserve and its parameters;

    7. Calls on the Commission to support EIIs in adopting clean and net-zero technologies, including hydrogen, and energy-efficient production methods by strengthening funding mechanisms and ensuring that ETS revenue is used effectively by Member States; calls for EU-level support to be complemented by State aid that allows for targeted support to EIIs, while preserving a level playing field within the single market;

    8. Calls for InvestEU to be topped up before the next multiannual financial framework (MFF) and for leftover Resilience and Recovery Facility loans to support investment in EII decarbonisation; notes that the Strategic Technologies for Europe Platform already allows for flexibility within current programmes but that this is insufficient; insists that the upcoming MFF increase funding to support EIIs, building on the Innovation Fund and the Connecting Europe Facility – Energy or through the competitiveness fund; stresses that the European Hydrogen Bank and the carbon contracts for difference programme need to be scaled up; calls on the Commission to build on the Net-Zero Industry Act[1] in the upcoming decarbonisation accelerator act, to streamline the processes for granting permits and strategic project status;

    9. Stresses the need to simplify bureaucratic procedures to enhance the attractiveness of private investment and support EIIs’ transition; believes that both InvestEU and the EIB are pivotal in catalysing private financing, especially through de-risking measures;

    10. Emphasises the need to secure access to critical raw materials; stresses that the upcoming circular economy act should improve resource efficiency, including through better waste management of products containing critical raw materials, as well as fostering the demand and availability of secondary raw materials; stresses the need to define those secondary raw materials that are strategic and that should be subject to export monitoring, such as steel and metal scrap, and to tackle any imbalance in their supply and demand, including by exploring export restrictions; insists on the effective enforcement of the Waste Shipment Regulation[2];

    11. Calls on the Commission to make full and efficient use of trade defence instruments; calls on the Commission to find a permanent solution to address unfair competition and structural overcapacity, before the expiry of current steel safeguard measures in 2026; calls on the Commission to engage with the US in relation to the announced tariffs on EU imports and avoid any harmful escalation;

    12. Stresses that an effective implementation of the carbon border adjustment mechanism (CBAM) is essential to ensure a level playing field for EU industries and prevent carbon leakage, taking into account the impact of the parallel phasing out of the ETS free allowances and the risk of increased production costs; calls on the Commission to address the risks of resource shuffling and circumvention of the CBAM; asks, furthermore, for the implementation of an effective solution for EU exporters and an analysis of the possible extension to further sectors and downstream products, preceded by an impact assessment;

    13. Calls for the creation of lead markets for clean and circular European products, via non-price criteria in EU public procurement, such as sustainability and resilience and a European preference for strategic sectors, as well as by creating voluntary labelling schemes and minimum EU content requirements in a cost-effective way;

    14. Highlights the importance of a just transition to assist areas heavily reliant on EIIs, by keeping and creating quality jobs through upskilling and reskilling programmes for workers and through the effective use of regional support mechanisms, such as the Just Transition Fund and the Cohesion Fund; stresses that public support will be pivotal for the transition of EIIs and that this support should be tied to their commitment to safeguarding employment and working conditions and preventing off-shoring; welcomes the Union of Skills initiative to ensure a good match between skills and labour market demands;

    15. Instructs its President to forward this resolution to the Commission, the Council and the governments and parliaments of the Member States.

    MIL OSI Europe News –

  • MIL-OSI: Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment’s Margham Gas Storage Project

    Source: GlobeNewswire (MIL-OSI)

    • CoilTrak™ system allows for increased reservoir connectivity through efficient slim-hole multilateral drilling
    • Project strengthens Dubai’s low-carbon energy capabilities
    • Award follows major order for Baker Hughes’ Integrated Compressor Line (ICL) units

    HOUSTON and LONDON, March 26, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide integrated coiled-tubing drilling services for the company’s Margham Gas storage project.

    The project will provide stability to Dubai’s energy supply by strengthening the system’s ability to switch between natural gas and solar power.

    Providing the coiled-tubing drilling increases Baker Hughes’ overall support of the Margham Gas project, which draws upon the mature field of the same name. Already set to supply the company’s Integrated Compressor Line (ICL) units for gas storage, injection and export, Baker Hughes’ broad portfolio is helping to create a reliable power system with reduced emissions.

    “Baker Hughes has built a reputation as a leader in coiled-tubing drilling and mature assets solutions, and we bring a track record of success across the region to this important project,” said Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes. “Our integrated solutions approach combines industry-leading technology and expertise across the energy value chain to help DPE scale-up and develop reliable, secure and lower-carbon power solutions for their country.”

    The project brings together Baker Hughes’ expertise in integration of coiled-tubing drilling, under-balanced drilling and the company’s industry-leading CoilTrak™ coiled-tubing bottomhole assembly (BHA) system. CoilTrak allows operators to more effectively navigate the subsurface environment during horizontal drilling to maximize reservoir contact, which is crucial for underground gas storage. 

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Media Relations

    Brian Reynolds
    +1 346-315-6663
    brian.reynolds@bakerhughes.com

    Investor Relations:

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    The MIL Network –

  • MIL-OSI Russia: The Polytechnic hosted a forum of student dormitory councils

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    At the end of March, more than 200 people gathered at the student council forum, the largest and most significant event for all activists of the student self-government of SPbPU dormitories. The event was held in the Student Club. The forum was organized by United Student Council of SPbPU Dormitories.

    The forum is not just an event within the walls of the Polytechnic University, it is a platform that has been uniting hundreds of people, dozens of student councils of dormitories and several universities for the fourth year. The forum is aimed at improving the quality of the results of our self-government, interaction and exchange of experience, increasing legal literacy, as well as creating connections between members of our organization, – noted the chairman of the United Student Council of the Polytechnic Dormitories Thomas Shochenmayer.

    This year the event was held on four tracks.

    Track one was a student council competition, where teams demonstrated their experience in self-government and developed competencies.

    Track two is a competition for class leaders, in which the students presented their projects to improve the quality of life of students in dormitories.

    Track three is the SPbPU OSS award. Its goal is to stimulate the work of student councils, identify and encourage best practices in 11 nominations (Leisure, Comfort, Adaptation, Rights, Self-realization, Health, Ecology, Safety, Work with foreign students, Information work, Corporate culture).

    Track 4 – “Lead with your heart”. A track aimed at improving the communication skills of potential leaders to improve their effectiveness in interacting with administrative bodies and other student organizations, as well as providing participants with effective tools for managing in dormitories.

    The training covered the most relevant topics for activists.

    “Values and motivation” (Anna Kalugina, director of the psychological support center “Tochka Opory”). “Teamwork and healthy communication” (Angelina Kulanova, acting director of the Student Club). “Grants without panic, or how to win from A to Z” (Maxim Ruzakov, head of the cultural and mass department of the OSS). “The art of negotiations” (Thomas Shochenmayer, chairman of the OSS SPbPU).

    The guys learned about team building, values and motivation for their activities. In practice, they solved cases, learned to negotiate, and also experienced the entire life cycle of the Dormitory Council.

    The forum has become larger. More strong teams, real leaders have appeared. It is now much more difficult to determine the best. New nominations have been added. The interest from universities in St. Petersburg and other cities has grown, – said Galina Melekhova, Deputy Director of the SPbPU Student City for Educational Work.

    The event was attended by over 30 guests from other universities: SPbGLTU, NovSU, SPSU and VShTE. They took part in the training track, and the chairmen of the student councils of the Mining University and the Higher School of Technology and Energy became experts of the competition.

    Director of the SPbPU Student City Vyacheslav Olshevsky emphasized: From year to year, the level of the forum is noticeably growing, gaining momentum, being brighter, more powerful, stronger. The guys get the necessary skills, pump up their competencies in various areas, especially in student self-government.

    All teams tried very hard to win, their performances were very bright, memorable. The jury had a difficult task: to determine the best among the best.

    Winners of the student council competition.

    1st place – hostel #3 2nd place – hostel #19 3rd place – hostel #6

    The team of foreign students from Dormitory No. 13 has been an active participant in the forum for the second year. Their projects were recognized as the best in three award nominations at once. The other winners were the teams from Dormitories No. 6 and No. 16.

    Svetlana Bakhtina from dormitory #6 won the competition among the seniors. Felix Zhumaliev from dormitory #11 came in second, and Karina Mokerova from dormitory #5 came in third.

    Link to the SSO forum group

    Photo: SPbPU Youth News Service

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-Evening Report: Politics with Michelle Grattan: Jim Chalmers and Angus Taylor on tax top-ups and budget bottom lines

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    As the election starter’s gun is about to be fired, Tuesday’s budget announced modest income tax cuts as the government’s latest cost-of-living measure. The Coalition has opposed the tax relief, with Peter Dutton’s Thursday budget reply to put forward his policy counters on the cost of living.

    Meanwhile, the domestic economic debate is being conducted as President Donald Trump prepares to unveil more tariffs, which are likely to produce further uncertainty in the world economy.

    On this podcast we are joined by Treasurer Jim Chalmers and Shadow Treasurer Angus Taylor.

    Chalmers says the government is making every last-minute effort to argue against Australia being hit with more US tariffs. He’s ready to make personal representations if that’s thought useful.

    I’ve been discussing that with Don Farrell, the minister for trade, whether or not that would be helpful to some of the efforts that he’s currently engaged in. So we’re working as a team on it. We’re working out the best [and] most effective ways to engage with the Americans. Again, speaking up for and standing up for our national interest.

    We’re not uniquely impacted by the tariffs either already imposed or proposed. But we’ve got a lot of skin in the game here. We’re a trading nation, we generate a lot of prosperity on global markets.

    A criticism from some about the budget was that climate change wasn’t mentioned explicitly. Chalmers takes issue with that.

    I would have thought that an extra A$3 billion for green metals, which is about leveraging our traditional strengths and resources, our developing industries and the energy transformation to create something that the world needs, I think that’s a climate change policy.

    And also the Innovation Fund, another $1.5 billion or so for the Innovation Fund in terms of sustainable aviation fuels, that’s a climate policy and also we’re recapitalising another couple of billion for the Clean Energy Finance Corporation.

    So in every budget, we’ve made new investments in climate change and in energy and this week’s budget was no different in that regard.

    Angus Taylor is scathing about Labor’s “top-up” tax cuts, which were the budget’s centrepiece, saying:

    A government that has overseen an unprecedented collapse in our living standards, unrivalled by any other country in the world, and they’re trying to tell Australians that 70 cents a day, more than a year from now, is a solution to that problem?

    It’s laughable, it is not even going to touch the sides, it’s Band-Aid on a bullet wound. It’s a cruel hoax. And frankly, the idea that this is good government is absolutely laughable.

    On what change of approach a Coalition government would take, Angus Taylor points to the “fiscal rules that we adhered to when we were last in government”.

    They were on the back of the rules that were established in the Charter of Budget Honesty that was established by Peter Costello in the 1990s to make sure your economy grows faster than your spending. That doesn’t mean spending doesn’t grow, it just means your economy grows faster.

    So both of those things matter, a faster growing economy and managing your spending so that it’s not growing faster. Jim Chalmers doesn’t get that.

    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Politics with Michelle Grattan: Jim Chalmers and Angus Taylor on tax top-ups and budget bottom lines – https://theconversation.com/politics-with-michelle-grattan-jim-chalmers-and-angus-taylor-on-tax-top-ups-and-budget-bottom-lines-253112

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: UK, Philippines hold 5th Climate Change and Environment Dialogue

    Source: United Kingdom – Government Statements

    World news story

    UK, Philippines hold 5th Climate Change and Environment Dialogue

    Bilateral cooperation on climate and environment is being strengthened through discussions on science, innovation, localisation, resilience, and finance.

    His Majesty’s Ambassador to the Philippines, Laure Beaufils, and Environment Secretary and Official Representative of the President to the Climate Change Commission, Maria Antonia Yulo Loyzaga recently led the 5th UK-PH Climate Change and Environment (CCE) Dialogue to set the direction for the year, building on the successes of 2024.

    These saw UK support for the operationalisation of the Philippines’ National Adaptation Plan, mobilisation of institutional capital into renewable energy in the country through the Philippines Stock Exchange, funding to civil society across projects on biodiversity and coastal livelihoods and launching of key multi-stakeholder platforms tacking plastic pollution and blue carbon.

    Both countries agreed to establish a UK-led development partners coordination group for the localisation of climate analytics in provinces identified with high exposure to climate risks in the National Adaptation Plan, and the government’s Risk Resiliency Programme. Using the findings from pilot site of Negros Occidental, an investment platform will be developed to mobilise private capital for adaptation and resilience with a focus on climate-smart agriculture, innovative water management solutions and agroforestry projects.

    The Dialogue also agreed to ramp up support for the blue economy through the UK’s Blue Planet Fund. The new COAST (Climate and Ocean Adaptation and Sustainable Transition) programme will be rolled out in the Philippines this year, which seeks to deliver interventions that will strengthen marine protected areas, operationalise sustainable fisheries management, and promote blue carbon initiatives.

    Representatives reached an agreement to form a UK-DENR partnership mechanism to promote biodiversity and nature grants to local governments and communities that would not only support biodiversity conservation but also build resilience and provide long-term economic benefits for resource-dependent communities.

    Representatives also agreed to ramp up collaboration on climate and nature finance. Discussions covered expanding access to sustainable financing, catalysing private capital for climate change adaptation, and aligning financial strategies with climate risk assessments to develop more investment-ready portfolio for large-scale, long-term sustainability efforts.

    Ambassador Beaufils said:

    I am very proud of the progress we have made together. But we won’t rest on our laurels. We are ambitious for the future, and we will continue to deliver tangible results across adaptation, climate finance, science and research, and investments into renewable energy.

    Meanwhile, Secretary Loyzaga highlighted:

    Our Enhanced Partnership with the UK is a testament to our commitment as like-minded countries and large ocean nations to a future that is secured under a rules-based international order. The bi-annual reviews of our climate change joint work plan will allow us to align, calibrate, and adapt when we respond to geo strategic uncertainties that we actually face.

    The dialogue concluded with both countries signing a renewed partnership statement on climate and nature. The UK remains committed to supporting these efforts through expertise, financing, and advocacy for climate-vulnerable nations.

    The Dialogue was attended by high-level representatives from key agencies, including the DENR, Climate Change Commission, Department of Agriculture, Department of Finance, Department of Science and Technology, Department of Energy, Bangko Sentral ng Pilipinas, National Economic and Development Authority, the Public-Private Partnership Center and the Department of Trade and Industry.

    Updates to this page

    Published 26 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Nine Polytechnicians Receive Potanin Foundation Grants

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Nine teachers of Peter the Great St. Petersburg Polytechnic University received grants from the Vladimir Potanin Foundation Scholarship Program. In total, the foundation supported 150 projects for redesigning and transforming master’s degree programs proposed by representatives of universities participating in the Scholarship Program.

    The competition received 574 applications from 68 universities. The supported initiatives of teachers are aimed at changing master’s degree programs. The projects pay special attention to student-centeredness, interdisciplinarity, updating of content and flexible management of educational content.

    The winners of the grant competition will receive 500 thousand rubles each. The projects must be implemented within a year.

    The winners of the competition from Polytechnic University were:

    Assistant of the Higher School of Project Activities and Innovations in the IMIT industry Salbek Beketov (project “Redizin course“ Mathematical models of technical management facilities ”due to the creation and integration of the adaptive module according to optimization methods”);
    Associate Professor of the Higher School of Public Administration, IPMEIT Andrei Burmistrov (project “Digital transformation of the training course“ Strategic personnel management in IT organization ””);
    Associate Professor of the Higher School of Project Activities and Innovations in the IMMIT industry Alexei Gintsyak (project “Comprehensive improvement of the course on digital modeling of production processes as a configured educational product”);
    Associate Professor of the Higher School of Project Activities and Innovations in the IMIT industry Tatyana ITS (project “Redizin program of the master’s program by re-taxing training courses into independent modules that form universal and general professional competencies using a new design-oriented training model”);
    Associate Professor of the Higher School of Production Management of IPMEIT Anastasius Klimin (project “Redizin discipline of the training of masters“ Digital marketing ””);
    Associate Professor of the Higher School of Business Engineing Ipmeit Nikolai Paklin (project “Analytics of self-service and artificial intelligence: redesigning course on machine learning”);
    Associate Professor of the Higher School of Production Management of IPMEIT INGA Skvortsova (the project “Improving the practice-orientation and redesign of the master’s program“ Energy Management ””);
    Associate Professor of the Higher Engineering and Economic School, Head of the System Dynamics Nile Ipmeite Angi Schvediani (project “Multi-dimensional statistical analysis”);
    Associate Professor of the Higher School of Linguistics and Pedagogy of the GI Evgeny Tsimerman (project “Digital redesign of the master’s program“ English language in the context of international education ””).

    “Our university traditionally participates and wins in the Potanin Foundation’s Master’s program support competition. Last year, grants received four teachers, this year – nine, – said Vice-Rector for Educational Activities Lyudmila Pankova. – The winning projects are aimed at developing new courses within the framework of existing master’s programs, online components and online tools for taught courses, as well as introducing new teaching methods: project tasks, business games, cases, inclusion of project and production approaches, including with the participation of partner organizations and the industrial sector.”

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: BW Offshore: Closing of the sale of the FPSO BW Pioneer

    Source: GlobeNewswire (MIL-OSI)

    Closing of the sale of the FPSO BW Pioneer

    Reference is made to the announcement dated 12 March 2025, in which BW Offshore Limited (“BW Offshore”) announced its agreement to sell the FPSO BW Pioneer for USD 125 million to a subsidiary of Murphy Oil Corporation (NYSE: MUR).

    Following the close of the transaction, BW Offshore has received the initial payment of USD 100 million. The remaining balance is expected before end of Q2 2025 when certain contractual obligations are met. The two parties have also signed a five-year reimbursable O&M contract, under which BW Offshore will continue to provide operations and maintenance services.

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55

    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of 2 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    The MIL Network –

  • MIL-OSI Australia: Interview with Peter Fegan, 4BC, Brisbance

    Source: Australian Parliamentary Secretary to the Minister for Industry

    Peter Fegan:

    It’s Labor’s $17 billion pledge. But is it enough to save the election? The Labor Party or the government has delivered its fourth Budget last night. Plenty of savings, but given the cost‑of‑living crisis, we’re in no position to bite the hand that could potentially feed us for the next 3 years, at least. Joining me on the line is the Treasurer, Jim Chalmers. Treasurer, it is always great to have your time on the programme.

    Jim Chalmers:

    Thanks for having me back on your show, Pete. Good morning.

    Fegan:

    $268 in tax cuts in the first year, which is 2026. That’s $538 in the second. You’ve conceded, Treasurer, that that is modest cuts. It equates to about $5 a week. You add in the Stage 3 tax cuts, that will be around $56 bucks a week. So, when you consider how much groceries, fuel, beer, health, childcare, aged care is; most Australians would say that $50 bucks doesn’t go very far at all.

    Chalmers:

    I understand that, Pete. I understand that there’s always an appetite to do more. My job is to make sure that we’re providing this cost‑of‑living relief in the most responsible way that we can. The tax cuts are an important part of that, that $50 a week in income taxes is all about helping people but so is strengthening Medicare because more bulk billing means less pressure on families.

    So are the energy rebates, the cheaper medicines, cutting student debt. There are a number of ways that we’re providing cost‑of‑living help in the Budget, but we’ve got to do that in the most responsible way. We know that there will always be calls to do more. We’re doing the most that we can afford to do for the time being.

    Fegan:

    Treasurer, I would argue what is missing from this Budget are tough decisions, serious structural reforms and addressing the elephant in the room. We know what that is, Treasurer. It’s spending. Now, there’s $40 billion set aside for decisions not yet announced. That means that the Prime Minister has another $40 billion up his sleeve to throw around during the election campaign. So, let’s just call this Budget what it is. It’s a Budget to win the election. Surely.

    Chalmers:

    I don’t agree with you, Pete. It’s a Budget to build the future and to help people with the cost of living and strengthen Medicare. Those are the 3 primary objectives of the Budget. It’s all about making our economy more resilient in the face of all this global economic uncertainty. That’s what’s motivated us here when it comes to this Budget.

    Now, when it comes to spending, about half of the new spending in the Budget is the tax cuts. A big proportion of the rest of it was already provisioned for in the mid‑year Budget update. We’ve been responsible, we’ve gone for what’s affordable and we’ve done that in the context where we have taken difficult decisions. There are billions of dollars in savings.

    There is much less debt this year in the Budget than when we came to office 3 years ago in terms of the $177 billion less debt this year. We are making good progress in the budget. We’re making especially good progress in the economy more broadly. We know that that doesn’t always immediately translate into how people are feeling and faring in the economy. That’s why the cost‑of‑living help is so important.

    Fegan:

    Migration. 260,000 new migrants will flood into Australia by the end of July, the majority of which will come into Australia. Now Treasurer, historically yes, migration does help fuel economy, we know that. But unfortunately, here in Australia we have a living crisis, we have a housing crisis.

    We have a major supply issue here in Queensland. You know that, you live in Logan. You know how bad supply is at the moment. Are you putting them up? Because I don’t know where 260,000 new migrants will go. I know that they’ll work. But we’re in a housing crisis. It doesn’t make sense to me.

    Chalmers:

    Two important things about that, Pete. Firstly, we’re investing $33 billion in building more homes.

    Fegan:

    But you haven’t built any yet though, Treasurer. That’s the issue. You haven’t built any new homes yet. That’s the big issue here. You can invest all your money, all the money you want. You can’t put them in camps until they’re built.

    Chalmers:

    We are building new homes. We’re making a very substantial investment in making sure that’s the case. Secondly, you refer to those migration numbers. Those migration numbers have actually been very substantially managed down from their peak after COVID. When Australia more or less shut down during COVID in the year or 2 after that, couple of years after that, there was a big rebound in the net overseas migration number spanning 2 governments.

    We’ve been able to manage that down to more normal levels. That is what you’re seeing in the budget. That number that you refer to is right, but it is much lower, very, very substantially lower than it was a couple of years ago.

    Fegan:

    Okay, Treasurer, this is an interesting one and I think all eyes will be on this when it comes to the election.

    Let’s talk energy.

    Okay, Treasurer, the Prime Minister and yourself and all your Ministers all maintain that energy prices are lower under a Labor government. So, why has the government, if that’s the case – if we are paying less for energy, why has the government spent $6.8 billion on energy subsidies to date? Is that not an abject failure of the last 3 years? And your energy policy, why give Australians another $150 bucks if, according to Labor, energy is affordable? I don’t understand it. I mean, if it is affordable, I don’t need the $150 bucks.

    Chalmers:

    This is another important way that we’re helping people with the cost of living. We know that in the last year in the official inflation data, we were able to get electricity prices down. That’s a good thing. That’s been a combination of rebates, but also the efforts that we’re making to introduce more cleaner and cheaper energy into the system.

    If you think about the independent experts from a body called AEMO, what they talk about is what’s pushing electricity prices up is actually the old parts of the system, the traditional parts of the system, becoming less and less reliable.

    We’re providing these energy rebates in the near term to take some of the sting out of these electricity bills while people are under cost‑of‑living pressure. At the same time, we’re introducing more cleaner and cheaper, more reliable energy into the system because that’s the best way to put downward pressure on energy prices over the medium and long term.

    Fegan:

    Yeah, there’s no. But there’s no funding for green energy. There’s no funding for net zero.

    Chalmers:

    That’s not true, Pete.

    Fegan:

    Well, there’s no extra funding. Is there, in this Budget? Is there extra investment in –

    Chalmers:

    Yeah, there’s some extra investment out of an innovation.

    Fegan:

    How much?

    Chalmers:

    For about one and a half billion, I think from memory.

    Fegan:

    But it’s not in Budget. Is it in Budget papers released?

    Chalmers:

    Yeah, it’s in the Budget papers. We’ve also recapitalised the Clean Energy Finance Corporation because that’s playing an important role as well, financing cleaner and cheaper energy.

    I accept your broader point. Electricity prices are a pressure on family budgets we’re seeing around the world. We’re not immune from that. The energy bill rebates are an important, responsible way that we take some of the edge off that while we introduce more cleaner and cheaper, and more reliable energy into the system.

    Fegan:

    Treasurer, why should Australians trust Anthony Albanese and Jim Chalmers for another 3 years?

    Chalmers:

    I think after the Coalition’s brain explosion on tax last night, the choice at the election is becoming absolutely crystal clear now. We’re helping people as a Labor government with the cost of living by cutting their taxes. Peter Dutton has an agenda of secret cuts which will make people worse off. Now, Peter Dutton wants to cut everything except people’s taxes, and that’s really the contest which was set up last night when Angus Taylor, quite bizarrely, said that he would oppose our cost‑of‑living help.

    What we’ve seen over the course of the last 3 years is every time we’ve tried to help people with the cost of living, our opponents have opposed that. Peter Dutton and Angus Taylor have both said the best predictor of future performance is past performance. They have opposed cost‑of‑living help; they’re opposing these cost‑of‑living tax cuts in the Budget last night.

    I think that sets up a very clear choice. If people want a Labor government helping with the cost of living, managing the budget responsibly, investing in building Australia’s future, they can choose that over Peter Dutton, who has secret cuts which will make people worse off, and that’s because he wants to cut everything except taxes.

    Fegan:

    Do you accept that Australians don’t trust you?

    Chalmers:

    I don’t necessarily accept that, Pete. I mean, that’s a judgement for people to make. I understand that, and it’s something that journalists and commentators can speculate about. What we did last night was keep faith with the Australian people and do justice to the progress and the sacrifices that they have made. Together as Australians, we’ve made a lot of progress in our economy. We’ve got –

    Fegan:

    But a trillion dollars in debt. A trillion dollars, though, Treasurer?

    Chalmers:

    It’s $177 billion this year lower than what it was when we came to office for this year. That’s a really important thing. You will read a lot of stuff in the papers about debt and deficits. Don’t forget, we delivered 2 surpluses, we shrunk the deficit, we got the debt down, we’re saving on interest costs.

    Fegan:

    But it’s still a trillion dollars. You grilled the former government on this. It’s still a trillion dollars. And I know it’s not all your fault, but it’s a trillion dollars. We’ve got kids that need to buy homes in 20 years’ time.

    Chalmers:

    That’s why we’re investing substantially in housing, $33 billion program. On the debt, don’t forget, we would have already had a trillion dollars of debt under our opponents. It’s $177 billion lower this year. I think that’s too easily dismissed and diminished the progress we’ve made in the budget. Same goes for the progress we made in the economy together as Australians.

    As I was saying a moment ago, we’ve got growth rebounding solidly in our economy: inflation down, real wages up, unemployment is low, interest rates have started to be cut, we’ve got the debt down. This is good progress, and we would be crazy to interrupt that progress with Peter Dutton’s secret cuts which would make Australians worse off.

    Fegan:

    What’s happening with the Coalition at the moment, Treasurer? Seems to be some rumblings. I hear or see reports yesterday that Peter Dutton had to lay down the law, that David Littleproud got pretty fired up.

    Chalmers:

    Yeah, they got fired up because basically the Coalition members and senators are forming an orderly queue to say that Angus Taylor’s not up to the job. It’s quite bizarre that Angus Taylor’s asking Australians to take him seriously when his own colleagues don’t. He’s been found out and he’s been found wanting.

    I think genuinely, it was a proper brain explosion we saw last night when he said, at a time when people are under cost‑of‑living pressures, they won’t support our tax cuts to help people meet the cost of living. I think that was a bizarre decision. I think it will come back to haunt him, and I think his colleagues will have a view about it behind the scenes.

    Fegan:

    Treasurer, you’re on the front page of every paper today, but can I just say congratulations to you because you are drinking out of a Brisbane Broncos mug. How good is that?

    Chalmers:

    I get a bit of feedback about that. Mostly from Dolphins, mostly from people –

    Fegan:

    Well, do you know what? You’re still a staunch. You’re still a staunch Bronco supporter. Right?

    Chalmers:

    Pick and stick. Absolutely.

    Fegan:

    Thank you.

    Chalmers:

    Broncos until I die, Pete.

    Fegan:

    Because I see that Peter Dutton has changed his tune a little bit. He’s now, well, Dolphins is in his electorate. A little bit of his electorate. Well, I don’t know.

    Chalmers:

    Right. I’m not sure about that. In fairness to him, I’m not sure about that. I’m certainly, I will always be a very enthusiastic supporter of the Brisbane Broncos. I still remember their first game in the comp in 1988 as a little tacker. I’m looking forward to watching the Battle of Brisbane on Friday night. Always a good contest.

    Fegan:

    Go the Broncos. Yeah, exactly. Go the Broncos. Good on you, Treasurer. Great to have your company this morning.

    Chalmers:

    Nice to talk to you again, Pete. All the best.

    Fegan:

    There he is, the Treasurer, Jim Chalmers.

    MIL OSI News –