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Category: Energy

  • MIL-OSI United Kingdom: £230m DHL investment in Coventry to create hundreds of local jobs

    Source: United Kingdom – Executive Government & Departments

    Press release

    £230m DHL investment in Coventry to create hundreds of local jobs

    DHL Group has announced a £230 million e-commerce hub investment in Coventry creating up to 600 local jobs.

    • Major £230m investment in new state-of-the-art e-commerce hub in Coventry will create up to 600 local jobs.
    • New hub near Coventry Airport can handle up to 1 million parcels a day and is part of DHL e-Commerce’s wider £482m investment into the UK.
    • Minister Justin Madders will open the hub today, celebrating the latest in a series of job-boosting investments across the country.

    Logistics giant DHL has invested £230 million in a new state-of-the-art e-commerce hub in Coventry which will create up to 600 local jobs, in the latest in a series of job-boosting investments across the UK. 

    Today (27 February), Business Minister Justin Madders will formally open the new hub which covers 25,000 m² of space and can handle up to a million parcels a day, speeding up delivery times for UK consumers in a major win to the Coventry and wider West Midlands economy. 

    During his visit, the Minister will meet with DHL Group’s senior leadership, including CEO of DHL eCommerce Pablo Ciano, tour the new site to see the latest e-commerce technologies in action, and learn about how the new hub will benefit not only Coventry but the wider West Midlands.

    This announcement comes as the latest research shows the UK is expected to reach a turnover in e-commerce of £176 billion by 2029, leading all European economies. The latest figures from the Department for Business & Trade also show the West Midlands region landed 133 foreign direct investments in 2023/24, generating 7,581 new jobs.

    Securing investment is central to the Government’s mission to deliver economic growth which will create jobs, improve living standards, and make communities and families across the country better off as part of our Plan for Change.

    Since entering office, the Government has been focused on restoring economic stability – which is the foundation of growth – to give businesses the confidence to invest and expand in the UK, and today’s announcement from DHL is a major vote of confidence in the UK’s investment environment.  

    Business Minister Justin Madders said:

    The West Midlands is a powerhouse for investment, and this state-of-the-art hub in Coventry will not only create hundreds of local jobs but give a major boost to our logistics sector and speed up delivery times for consumers. 

    The UK is open for business, and DHL’s investment is the latest vote of confidence in the country which will deliver economic growth and raise living standards, showing our Plan for Change is working.

    Stuart Hill, CEO of DHL eCommerce UK said:

    As e-commerce continues to shape the way we live and work, this expansion will enable us to meet growing demand. The investment reflects our confidence in British business and our dedication to helping our customers thrive in the digital marketplace through innovation and best-in-class service delivery.

    By increasing our capacity with a state-of-the-art operation, we’re creating long-term jobs, growth opportunities for our customers and a blueprint for more sustainable logistics.

    DHL’s cutting-edge new site will help to grow UK e-commerce businesses and improve delivery to consumers across the UK, as well as improving export logistics for businesses in the region. The hub features secure bonded storage and customs capabilities to support international e-commerce, making it quicker and easier to dispatch parcels internationally.  

    The hub also provides EV charging points and 7,000m² of solar panels along with LED lighting. This minimises the site’s environmental impact and preserves the area’s natural biodiversity – supporting the government’s ambitions to make the UK a clean energy superpower. 

    Economic growth is the foundation of our Plan for Change, and DHL’s vote of confidence will play a vital role in not only unlocking further investment but turbocharging the UK’s logistics sector. 

    DHL’s announcement today is the latest in a series of recent investment wins for the UK, including: 

    • Creating nearly 38,000 jobs across the UK following our record-breaking International Investment Summit last October, with £63 billion worth of investment secured by companies such as Amazon Web Services, Iberdrola and Octopus Energy.
    • Car manufacturer Nissan, and the Japan Automatic Transmission Company (JATCO) securing a £50 million investment deal in partnership with the government to create a new manufacturing plant in Sunderland.
    • US company Knighthead’s £3 billion regeneration project in East Birmingham, creating 8,400 new jobs annually, paving the way for a new 60,000-seater stadium alongside a sports campus of training facilities, a new academy, and community pitches.
    • Rolls Royce investing £300m in the expansion of their Goodwood facility to meet the growing demand for bespoke upgrades.
    • JLR investing £500 million in its Halewood facility to enable the production of electric vehicles, alongside existing combustion and hybrid models.
    • Blackstone’s £10 billion investment to create the biggest AI data centre in Europe, creating 4000 jobs.
    • Eren Holding investing £1 billion in the redevelopment of Shotton Mill in North Wales, safeguarding 147 jobs and creating a further 220 jobs.
    • Heathrow Airport announcing a multibillion-pound investment programme to expand the airport, including new terminal buildings, aircraft stands, passenger infrastructure and work towards its third runway.

    Background:

    Updates to this page

    Published 27 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Cenovus Energy announces redemption of Series 5 Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company’s 4.591% Series 5 Preferred Shares (the “Series 5 Preferred Shares”) on March 31, 2025 (the “Redemption”). All 8 million Series 5 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $200 million, less required withholdings, if any, funded primarily from cash on hand.

    As previously announced, the Company’s Board of Directors has declared a quarterly dividend of $0.28694 per Series 5 Preferred Share payable on March 31, 2025, to shareholders of record as of March 14, 2025. This will be the final dividend paid on the Series 5 Preferred Shares.

    Inquiries from registered holders of Series 5 Preferred Shares should be directed to Cenovus’s Registrar and Transfer Agent, Computershare Investor Services Inc. at 1-866-332-8898 or (514) 982-8717 outside North America. Beneficial holders, who are not directly registered holders of Series 5 Preferred Shares, should contact the financial institution, broker, or other intermediary through which they hold these shares to confirm how they will receive their redemption proceeds.

    Advisory

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to as “forward-looking information”), within the meaning of applicable securities legislation, about Cenovus’s current expectations, estimates and projections about the future, based on certain assumptions made in light of the Company’s experiences and perceptions of historical trends. Although Cenovus believes that the expectations represented by such forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Forward-looking information in this news release is identified by words such as “anticipate”, “continue”, “expect”, “intend”, “will” or similar expressions and includes suggestions of future outcomes, including, but not limited to, statements about: the completion of the Redemption, including the timing and funding thereof and the dividend payments with respect to the Series 5 Preferred Shares.

    Developing forward-looking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, some of which are specific to Cenovus and others that apply to the industry generally.

    Except as required by applicable securities laws, Cenovus disclaims any intention or obligation to publicly update or revise any forward‐looking information, whether as a result of new information, future events or otherwise. Readers are cautioned that the foregoing lists are not exhaustive and are made as at the date hereof. Events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward‐looking information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. For additional information regarding Cenovus’s material risk factors, the assumptions made, and risks and uncertainties which could cause actual results to differ from the anticipated results, refer to “Risk Management and Risk Factors” and “Advisory” in Cenovus’s Management’s Discussion and Analysis for the period ended December 31, 2024, and to the risk factors, assumptions and uncertainties described in other documents Cenovus files from time to time with securities regulatory authorities in Canada, which are available on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and Cenovus’s website at cenovus.com.

    Cenovus Energy Inc.

    Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com.

    Find Cenovus on Facebook, LinkedIn, YouTube and Instagram.

    Cenovus contacts

    Investors Media
    Investor Relations general line Media Relations general line
    403-766-7711 403-766-7751

    The MIL Network –

  • MIL-OSI: Axi Recognised With ‘Best Workplace 2025’ Award by Xref Engage

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Feb. 27, 2025 (GLOBE NEWSWIRE) — Leading online FX and CFD broker Axi announced that it has been recognised with the Best Workplace 2025 award by Xref Engage. The latest award builds on the broker’s previous recognition by Voice Project, where Axi won the ‘Best Workplace’ award for two consecutive years in 2020 and 2021.

    Rajesh Yohannan, CEO at Axi, shared his excitement for the company’s newest recognition: “This award is a testament to the strong culture we’ve built together—one grounded in innovation, collaboration, and a shared commitment to excellence. At Axi, we continually invest in creating a safe and respectful environment where everyone can express their opinion and be heard, and thrive and succeed, and we’re incredibly proud to see our efforts reaffirmed.”

    Founded in 2007, the Australian-based broker has grown from a two-person startup to a highly respected global group of companies, with over 400 staff members from 45+ nationalities across nine offices worldwide: Australia, Singapore, United Kingdom, Cyprus, Dubai, Philippines, Malaysia, India, and Vanuatu.

    The latest accolade follows a series of other notable achievements for Axi. In 2024, the broker was recognised with the ‘Innovator of the Year’ award at the 2024 Dubai Forex Expo and was recently named ‘Most Innovative Proprietary Trading Firm’ by Finance Feeds. Additionally, the broker was also named Best Broker (MENA), Most Trusted Broker (LatAm), Most Reliable Broker (Europe), and Best Introducing Broker Programme (Asia) for 2024 by Global Forex Awards.

    About Axi

    Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

    For more information or additional comments from Axi, please contact: mediaenquiries@axi.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cccccb40-307b-4f21-bcf2-1af3f88de766

    The MIL Network –

  • MIL-OSI Russia: Polytechnic at the forum of rectors of leading Russian and Iranian universities

    Translartion. Region: Russians Fedetion –

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

    The University of Tehran hosted the 7th Forum of Rectors of Universities of the Russian Federation and the Islamic Republic of Iran, which was attended by more than 50 university leaders, representatives of scientific organizations and government agencies of the two countries. Peter the Great St. Petersburg Polytechnic University was represented by the Director of the Institute of Power Engineering Viktor Barskov and Associate Professor of the SPbPU Institute of Power Engineering, a graduate of the Iranian Shahid Beheshti University and SPbPU Mehdi Basati Panah.

    The forum participants were welcomed by Iranian Minister of Science Simo Sarraf Hossein and Deputy Minister of Science and Higher Education of the Russian Federation Konstantin Mogilevsky.

    The partners discussed strategies for developing academic and scientific cooperation. In his speech at the session “Exact and Natural Sciences, Agriculture”, Viktor Barskov highlighted priority areas for cooperation: joint research in the field of sustainable energy, renewable energy sources and energy efficiency. He also touched upon student and teacher exchange programs, the creation of joint specialized courses, and the organization of summer and winter schools on innovative technologies.

    During the discussions, Mehdi Basati Panah proposed expanding the format of the event to “BRICS” to include universities from other developing countries. This, he said, would enhance international knowledge exchange and open up new opportunities for joint projects.

    The Polytechnic University actively cooperates with 8 Iranian universities. The SPbPU delegation held talks with Iranian universities, including the University of Tehran, the Iranian University of Science and Technology (IUST) and the Sharif University of Technology, where they discussed cooperation in energy between the Gas Turbine Institute and the Institute of Power Engineering of SPbPU. The parties also expressed their intention to participate in joint research projects, the development of specialized training courses for students and student exchange programs in the field of engineering.

    The Polytechnic delegation held talks with the Mayor of Tehran, Dr. Zakani, and members of the Energy Committee of the Iranian Parliament to discuss potential areas of cooperation between SPbPU and Tehran municipal institutions, focusing on urban development and technological innovation.

    Developing a partnership between our universities is not just a step towards academic progress, but also an important contribution to solving global challenges such as energy transition, noted Viktor Barskov. Mehdi Basati Panah added that his personal experience of studying in Russia and Iran demonstrates the effectiveness of such partnerships.

    The forum became an important step for the implementation of new projects and expansion of educational opportunities for students and researchers of both countries.

    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 United Kingdom: UK and Mongolia’s joint statement after the first annual UK-Mongolia political dialogue

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK and Mongolia’s joint statement after the first annual UK-Mongolia political dialogue

    Respect for sovereignty, international law, and territorial integrity were key areas of discussion during the first annual UK-Mongolia political dialogue in London on 26 February, 2025.

    Minister Catherine West MP and Mongolian Deputy Prime Minister Amarsaikhan Sainbuyan.

    British Parliamentary Under-Secretary of State for the Indo-Pacific, Minister Catherine West MP, welcomed Mongolian Deputy Prime Minister Amarsaikhan Sainbuyan to London on 26 February 2025 for the 15th UK-Mongolia roundtable, and the first annual political dialogue under the UK-Mongolia Joint Cooperation Roadmap towards a Comprehensive Partnership.

    Minister West and Deputy Prime Minister Amarsaikhan affirmed the strong partnership between the UK and Mongolia, grounded in shared democratic values, open societies, and a growing economic relationship.

    Both sides noted deepening geopolitical tensions, stressed their commitment to upholding the principles of the UN Charter, and called on all countries to refrain from using force against the territorial integrity and political independence of any state. They agreed to continue to work closely to uphold international law and advance our shared principles.

    Economic Growth

    The Ministers confirmed that the UK and Mongolia will work together with a view to increasing the volume of trade and investment between the two countries – to drive mutual economic growth

    They agreed to continue discussions with UK Export Finance to explore support for the construction of the metro system in Ulaanbaatar.

    Talks also focused on facilitating trade and investment by working towards the removal of barriers to trade and red tape, and creating stable and transparent business environments.

    Energy Transition

    The Ministers stressed the urgency of action to address the impacts of climate change. They committed to achieving the UK and Mongolia’s NDC and welcomed the recent allocation from the NDC Partnership to Mongolia, including funding from the UK, to reach Mongolia’s climate goals.

    They encouraged greater public-private partnerships to leverage public finance for private sector investment in line with both countries’ climate strategies.

    They looked forward to Mongolia hosting COP17 on Desertification in 2026 and agreed to facilitate an exchange of experts to support preparations for and the outcome of COP17.

    Women’s empowerment

    The Ministers reaffirmed both countries’ commitment to gender equality and to expanding the number of women elected to both parliaments. Minister West welcomed the expanded number of female parliamentarians in the Mongolian parliament following elections in 2024, and commended Mongolia for its quota target of 40% of female candidates by 2028. UK and Mongolia’s joint statement after the first annual UK-Mongolia Political Dialogue Amarsaikhan welcomed the UK achieving its highest level of female representation in the UK parliament following the 2024 UK general election.

    The ministers agreed to work together in multilateral fora ahead of the 30th anniversary of the “Beijing Declaration and Platform Action”.

    Critical minerals

    The Ministers agreed on the importance of extracting Mongolia’s mineral wealth in a manner that preserves Mongolia’s unique environmental legacy. They discussed the importance of responsible mining, and of high environmental, social and governance standards, as well as investing in Mongolian’s skills development.

    In this regard, both sides expressed their commitment to cooperate within the framework of Memorandum of Understanding on critical minerals. 

    Education, Civil Society and People-to-people ties

    The Ministers noted the strength of people-to-people ties between the UK and Mongolia, including the exchange of students through the Chevening Scholarship programme and “Mission 2100” scholarship programme initiated by the President of Mongolia.

    Minister West reaffirmed the UK’s support for English language teaching in Mongolia and both ministers welcomed the progress in expanding English language provision. This could include building on existing partnerships with British companies to increase access to and improve the quality of English Language teaching, as well as supporting remote and disadvantaged communities with UK Overseas Development Assistance.

    The Ministers agreed to explore possibilities to expand higher education opportunities for Mongolian students, including through the Chevening Scholarship, and to expand partnerships between universities.

    They looked forward to the exhibition of the Arts of the Mongol World to be held at the Royal Academy in 2027, and welcomed expanding cultural cooperation.

    They noted the important contribution that civil society organisations play in democratic societies, and committed to continue to engage with and seek inputs from civil society organisations representing a broad range of communities to strengthen democratic debate.

    Minister West and Deputy Prime Minister Amarsaikhan looked forward to and highlighted the importance of future high-level visits between the UK and Mongolia.

    On the sidelines of the roundtable meeting, Deputy Prime Minister Amarsaikhan held a bilateral meeting with Minister Gareth Thomas. During the meeting, the Ministers held constructive and fruitful discussions on further broadening the bilateral relationship in areas of mutual interest, including the promotion of trade and economic cooperation.

    Updates to this page

    Published 27 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Africa: Diamond Mining Drives Angola’s Economic Growth Agenda

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

    CAPE TOWN, South Africa, February 27, 2025/APO Group/ —

    Angola is aiming to increase diamond production to 17.53 million carats by 2027 as part of its National Development Plan 2023–2027, planning to leverage mining revenues to boost food security, employment creation and poverty reduction. 

    The country expects diamond revenue to rise from $1.4 billion in 2024 to $2.1 billion in 2025, increasing the sector’s contribution to the country’s GDP. With over 24 operational diamond mines, 54 exploration projects and strong governmental support for industry expansion, Angola’s diamond sector presents an opportunity for economic transformation. 

    The upcoming African Mining Week (AMW) – Africa’s premier event for the mining sector – will showcase lucrative diamond prospects in both well-established and emerging markets across Africa, including in Angola. 

    Unlocking Angola’s Untapped Potential 

    Recent discoveries, project launches and foreign investments underscore Angola’s potential as a global diamond mining powerhouse. According to state diamond firm ENDIAMA, the country holds over 732 million carats (https://apo-opa.co/4gU61Zy) of untapped diamond reserves valued at more than $140 billion. To capitalize on these resources, ENDIAMA will launch a diamond production and processing pilot at the Luachimba facility in 2025, reinforcing the sector’s contribution to sustainable development. Additionally, mine development and feasibility studies at the Xamacanda facility are underway as ENDIAMA seeks to expand independent production. 

    Strategic Investments and Global Partnerships 

    In November 2024, Maden International Group, a subsidiary of the Sovereign Fund of the Sultanate of Oman, entered the Angolan market by acquiring stakes in Catoca and Luele Mines from Russia’s Alrosa. The milestone introduces fresh capital and expertise, potentially unlocking Angola’s greater diamond production and GDP expansion. Further affirming Angola’s potential, De Beers announced in October 2024 the discovery of eight new diamond project targets as part of its ongoing exploration activities. The discovery follows a strategic partnership with ENDIAMA, Angola’s National Agency of Mineral Resources, Sodiam and the Institution of Geologists in Angola, to conduct airborne surveys, drilling and testing of new kimberlite targets. Angola is also assessing new diamond and critical mineral prospects in partnership with Rio Tinto. 

    High-Grade Diamond Discoveries 

    In August 2024, Lucapa Diamond Company discovered a 176-carat diamond at the Lulo Mine – one of the world’s largest – marking the fifth diamond over 100 carats found at the site in 2024. The discovery underscores Angola’s potential for high-grade diamond production, following 20 significant discoveries at Lulo in 2022. 

    Amid these market developments, AMW represents an ideal platform for global investors and mining stakeholders to connect with Angolan regulatory authorities and projects to explore the country’s vast diamond potential. AMW will facilitate investment discussions, deal signings and strategic partnerships, reinforcing Angola’s position as one of the world’s highly attractive diamond investment destinations. 

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energy 2025 conference (https://apo-opa.co/4ieTYqQ) from October 1 -3. in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com

    MIL OSI Africa –

  • MIL-OSI China: AI at core of developing new quality productive forces in Hong Kong: financial secretary

    Source: China State Council Information Office

    Hong Kong will endeavor to develop Artificial Intelligence (AI) as a core industry and empower traditional industries in their upgrading and transformation, the financial secretary of the Hong Kong Special Administrative Region (HKSAR) government said on Wednesday.

    While delivering the 2025-26 budget at the HKSAR’s Legislative Council, Paul Chan said that AI is at the core of developing new quality productive forces. Hong Kong will leverage the edge of “one country, two systems” and its internationalized characteristic to develop the city into an international exchange and cooperation hub for the AI industry.

    Chan said that to spearhead and support Hong Kong’s innovative R&D as well as industrial application of AI, he has set aside HK$1 billion (about $128.69 million) for the establishment of the Hong Kong AI Research and Development Institute.

    To bring together top talents in the industry to study the development and application of AI, the Hong Kong Investment Corporation Limited will host the first International Young Scientist Forum on Artificial Intelligence and the first International Conference on Embodied AI Robot, Chan added.

    Furthermore, the HKSAR government has established the Hong Kong Space Robotics and Energy Center under the InnoHK Research Clusters, with the aim of developing a multi-functional lunar surface operation robot, which will contribute to the country’s Chang’e 8 mission, Chan said.

    MIL OSI China News –

  • MIL-OSI China: New edition of China PV Industry Development Roadmap released

    Source: China State Council Information Office

    The China Photovoltaic Industry Association on Thursday released this year’s edition of the China PV Industry Development Roadmap.

    The China PV Industry Development Roadmap (2024-2025) covers various aspects of the photovoltaic (PV) industry chain, including 76 key indicators such as polysilicon, PV cells and new energy storage, according to the association.

    The roadmap summarized the industry’s development situation for 2024, while also predicting development trends for the coming five years.

    In 2024, newly-added solar PV installations in China surged 28.3 percent year on year to hit 277.57 GW — ranking first worldwide, the roadmap revealed.

    In the case of polysilicon, the country’s production rose 23.6 percent year on year to 1.82 million tonnes in 2024, it said.

    Driven by favorable factors such as the continued decline in PV power generation costs and growing demand in emerging markets, global installations of new PV capacity are expected to continue to rise, the roadmap predicts.

    Global solar PV capacity may hit at least 5,400 GW by 2030, the roadmap said in quoting International Renewable Energy Agency (IRENA) data.

    MIL OSI China News –

  • MIL-OSI USA: February 26th, 2025 Heinrich, Stansbury Lead Colleagues to Demand Reversal of Trump Attacks on Programs Serving Tribes and Tribal Members

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich
    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.) and U.S. Representative Melanie Stansbury (D-N.M.) led 109 of their colleagues in a bicameral letter to President Donald Trump, U.S. Department of the Interior Secretary Doug Burgum, and U.S. Department of Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. in demanding that efforts to fire employees and defund programs that serve Tribes and Tribal members be stopped and reversed.
    The lawmakers demanded that the President, Secretary Burgum, and Secretary Kennedy, “take immediate action to halt, exempt, and reverse the impacts to federal employees and funding serving Indian Country, as those positions and programs are essential for the administration of legally mandated Tribal programs and services.”
    Outlining the impact of the Trump administration’s actions to-date, the lawmakers wrote, “Your administration’s recent executive actions undermine Tribal sovereignty, existing federal law, and the federal-Tribal government-to-government relationship” The lawmakers continued, “In the past month, your administration has taken aim at thousands of federal workers across various government agencies. Reports indicate that this includes more than 2,600 federal employees at the Department of Interior, including more than 100 Bureau of Indian Affairs (BIA) employees, more than 40 Bureau of Indian Education (BIE) employees, several employees at the Office of Indian Affairs, as well as social workers, firefighters, and police that work on behalf of Indian Country, plus some 950 Indian Health Service (IHS) employees at the Department of Health and Human Services.”
    The lawmakers further reminded the President and Secretary Burgum that “Tribal Nations are sovereign governments with a unique legal and political relationship to the United States. The inherent sovereignty of Tribes is recognized in the U.S. Constitution, in treaties, and across many federal laws and policies, and it has been consistently upheld by the U.S. Supreme Court.” The lawmakers continued, “These trust and treaty obligations in some cases predate both the establishment of all of the agencies in question as well as the United States itself. Pursuant to those legal obligations, we must adequately fund and staff agencies that provide these essential services and programs, including at BIA, BIE, and IHS.”
    In the Senate, the letter was led by Senate Energy and Natural Resources Ranking Member Martin Heinrich (D-N.M.). The letter was signed by U.S. Senate Minority Leader Chuck Schumer (D-N.Y.) and U.S. Senators Ben Ray Lujan (D-N.M.), Michael Bennet (D-Colo.), Catherine Cortez Masto (D-Nev.), Ruben Gallego (D-Ariz.), John Hickenlooper (D-Colo.), Mark Kelly (D-Ariz.), Amy Klobuchar (D-Minn.), Jeff Merkley (D-Ore.), Patty Murray (D-Wash.), Alex Padilla (D-Calif.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Adam Schiff (D-Calif.), Tina Smith (D-Minn.), and Ron Wyden (D-Ore.).
    In the House, the letter was led by U.S. Representative Melanie Stansbury (D-N.M.). The letter was signed by 93 House members, including U.S. Representatives Gabe Vasquez (D-N.M.) and Teresa Leger Fernandez (D-N.M.).
    The full text of the letter is available here and below.
    Dear President Trump, Secretary Burgum, and Secretary Kennedy:
    We write to you today to urge you to take immediate action to halt, exempt, and reverse from existing or future executive actions any federal offices, services, or funding that serve Indian Country, as these positions and programs are essential to the administration of legally mandated Tribal programs and services.
    We are gravely concerned about the implementation of recent Executive Orders (EO), including EO 14210 entitled “Implementing the President’s “Department of Government Efficiency” Workforce Optimization Initiative,” and the implications of reductions in the federal workforce and funding for Indian Country. As you know, the U.S. government has both trust and treaty responsibilities to Tribal Nations. These responsibilities are implemented by agencies including the Bureau of Indian Affairs (BIA), Bureau of Indian Education (BIE), Indian Health Service (IHS), and others, providing critical healthcare, education, and social services to Tribal communities. Your administration’s recent executive actions undermine legally required commitments to sovereign Tribal Nations, existing federal law, and the federal-Tribal government-to-government relationship.
    In the past month, your administration has taken aim at thousands of federal workers across various government agencies. Reports indicate that this includes more than 2,600 federal employees at the Department of the Interior, including more than 100 Bureau of Indian Affairs employees, more than 40 Bureau of Indian Education employees, several employees at the Office of Indian Affairs, as well as social workers, firefighters, and police that work on behalf of Indian Country, plus some 950 Indian Health Service employees at the Department of Health and Human Services. There have also been reports of layoffs at Tribal Colleges and Universities, including dozens of educators at both Haskell Indian Nations University and Southwestern Indian Polytechnic Institute which are operated by the Bureau of Indian Education.
    Independent federal oversight entities, such as the Office of the Special Counsel, have already deemed some of these firings to be unlawful. Beyond the legal questions surrounding the ability to fire employees without specifying performance or conduct issues, any unilateral attempts to disrupt existing services administered or funded by the BIA, BIE, IHS, or other Tribal-serving entities would directly violate the trust and treaty obligations of the United States to Tribal Nations.
    Tribal Nations are sovereign governments with a unique legal and political relationship to the United States. The inherent sovereignty of Tribes is recognized in the U.S. Constitution, in treaties, and across many federal laws and policies, and it has been consistently upheld by the U.S. Supreme Court. These trust and treaty obligations in some cases predate both the establishment of all of the agencies in question as well as the United States itself. Pursuant to those legal obligations, the U.S. must adequately fund and staff agencies that provide these essential services and programs, including at BIA, BIE, and IHS.
    We have many concerns about the legality of the administration’s recent actions and, importantly, the ways in which those actions impact the sovereignty, self-determination, and trust and treaty obligations for Indian Country. The implementation of these obligations is a vital, non-discretionary part of federal law and the federal budget. This is not a partisan issue. We urge your administration to immediately halt, exempt, and reverse any federal workforce or federal funding reductions for Tribal programs or services and to engage in formal consultation with affected Tribal Nations at the government-to-government level. Any attempts to unilaterally dismantle or undermine these programs violates trust and treaty obligations, the U.S. Constitution, and centuries of legal precedent.
    Sincerely,

    MIL OSI USA News –

  • MIL-OSI USA: Ernst Unmasks Biden’s Green Energy Mandates, Fights for Transparency

    US Senate News:

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

    WASHINGTON – Today, U.S. Senator Joni Ernst (R-Iowa), chair and founder of the Senate DOGE Caucus, blasted Washington’s overreach on the Senate floor, unmasking the Biden administration’s green energy agenda as a major driver behind the record-breaking 110,000 pages of regulations issued last year that hurt hardworking Americans.
    Ernst emphasized her Regulations Evaluated to Determine The Anticipated Price and Effect Act (RED TAPE Act) as the solution to hold rogue regulators accountable and prevent agencies from hiding how burdensome and expensive their regulations truly are.

    Watch Senator Ernst’s full remarks here.
    Ernst’s full remarks below:
    “Mr. President, for over a decade, I’ve led the charge to expose government abuses, curb reckless regulations, and protect hardworking taxpayers from Washington’s overreach.
    “As my colleagues have so rightly discussed, the very actions by the Biden administration made it necessary for President Trump to declare a National Energy Emergency on day one.
    “The Biden green energy programs artificially incentivized electric vehicles using billions of taxpayer dollars, with only 60 charging stations to show for it.
    “And folks, that’s just one of many energy-related billion-dollar boondoggles by the former administration.
    “As chair and founder of the Senate DOGE Caucus, I’m committed to preventing unchecked bureaucrats from issuing regulations that impose significant new costs and stifle growth.
    “Every day, DOGE is uncovering just how far the Biden administration went to conceal its reckless spending through the federal agencies, especially regarding their climate pet projects.
    “Instead of transparency and objective analysis, Biden’s bureaucrats relied on manipulation – inflated so called ‘net benefits’— and completely disregarded economic reality in their rulemakings. 
    “And they were prolific…churning out nearly 110,000 pages of regulations just last year, the highest number ever.
    “Between November 2023 and January 2025 alone, agencies issued 50 final rules using shady accounting gimmicks, slapping over half a trillion dollars in regulatory burdens onto hardworking Americans.
    “This included a relentless push to regulate truckers out of business, based on the audacious claim that its extreme emissions rules would somehow create $99 billion in benefits for society. 
    “But here’s the reality folks: these policies make everything more expensive for families, they kill jobs, and they hurt our small businesses.
    “And it doesn’t stop there.
    “The Department of Energy cited billions in so-called ‘climate net benefits’ and the ‘Social Cost of Greenhouse Gases’ to justify heavy-handed mandates, ignoring the very real costs passed on to farmers and manufacturers. 
    “For too long, unelected bureaucrats have ignored the voices of job creators and working families, pushing costly regulations while hiding the true impact.
    “This is why my RED TAPE Act is critical. My bill ensures agencies can no longer manipulate a cost-benefit analysis to push their own agenda.
    “It requires agencies to prioritize data-driven, measurable economic benefits, not vague, ideological justifications.
    “And while some federal employees complain about the new directives from the Trump administration, they should take a moment to understand that hardworking Americans who have had to show up to work and take risks to open businesses, will no longer tolerate having to foot the bill for regulatory overreach.
    “I am voting NO on this effort to end President Trump’s National Energy Emergency.
    “I support the President’s efforts to make energy more available and affordable to power economic growth.”

    MIL OSI USA News –

  • MIL-OSI: Saudi Arabia’s Ministry of Energy awards prestigious feedstock allocation for joint project between Sipchem and LyondellBasell

    Source: GlobeNewswire (MIL-OSI)

    AL KHOBAR, Kingdom of Saudi Arabia and HOUSTON, Feb. 27, 2025 (GLOBE NEWSWIRE) — Sipchem and LyondellBasell (LYB) have been awarded a feedstock allocation from the Ministry of Energy of Saudi Arabia supporting a joint feasibility study for a world-scale mixed feed cracker complex combined with a diversified derivative portfolio. Sipchem and LYB will assess the viability and optimal structure for the project, which will be advanced on a 60% (Sipchem) | 40% (LYB) ownership basis. The allocation lays the foundation for both parties to define the technical, financial and commercial configuration for the project. Construction of the joint project would result in the manufacturing of petrochemical products and derivatives to serve customers both within the Kingdom of Saudi Arabia and global export markets while creating several thousand local job opportunities.

    With cost-advantaged feedstocks, world-scale assets, leading technologies, and proximity to key international markets, the joint project has the potential to create lasting value. The project will benefit from LYB’s technologies to produce differentiated grades of polyethylene and polypropylene, including the Catalloy product line of elastomeric polyolefins.

    Sipchem and LYB will jointly explore carbon management solutions including the use of low emission technologies, in support of the parties’ and the Kingdom’s net zero ambitions. 

    “Our partnership with LyondellBasell marks an important milestone in our pursuit of ambitious goals for sustainable growth and the strengthening of our position within the petrochemical market locally and globally,” said Abdullah Al-Saadoon, Sipchem chief executive officer. “Through this collaboration, we will leverage the latest cutting-edge, energy-efficient technologies, significantly contributing to our environmental objectives and enhancing the sustainability of our operations. We extend our gratitude to the Ministry of Energy for its unwavering support of the petrochemical industry, which has been instrumental in enabling us to achieve our shared goals. We are enthusiastic about advancing this project and are committed to delivering high-quality products that will drive the development of the industrial sector in the Kingdom of Saudi Arabia.” 

    “This feedstock allocation is a vital step in our collaboration with Sipchem,” said Peter Vanacker, LyondellBasell chief executive officer. “As we move forward with our joint study, with a long-term partnership in mind, we further strengthen our commitment to Saudi Arabia. Thank you to the Ministry of Energy for their support and collaboration as we build on our successful partnership. We look forward to being a larger part of the Kingdom’s thriving economy, which continues to grow and provide numerous opportunities for development and innovation.”

    About LyondellBasell

    We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn. 

    About Sipchem

    Sipchem, officially known as Sahara International Petrochemical Company (TASI: SIPCHEM) ― a Saudi-based leading innovator in the petrochemical sector, founded in 1999. The company provides high-quality chemical and polymer products that serve diverse industries, including construction, automotive, electronics, and packaging. With a strong focus on sustainability, Sipchem integrates energy efficiency, waste reduction, and advanced technologies into its operations to support a circular economy and minimize its environmental impact. Through continuous investment in research and development, Sipchem delivers innovative solutions that address evolving global needs and contribute to long-term growth. For more information, please visit www.Sipchem.com or follow @SipchemGlobal on LinkedIn.

    Cautionary Note Regarding Forward-looking Statements

    The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to meet the requirements of the allocation award; the results of the feasibility study described in this release; future investment decisions and the successful development, construction and operation of the proposed facilities described in this release; our ability to implement our strategy and successfully align our asset base with that strategy; and general economic conditions in the Kingdom of Saudi Arabia and globally. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2023, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by law. 

    NEWS INQUIRIES:

    Phone: +1-713-309-4791

    Email: nick.facchin@lyondellbasell.com

    Or

    Phone: +966 13 801 9385

    Email: dokelly@sipchem.com

    The MIL Network –

  • MIL-OSI: BW Offshore: Fourth quarter and full year results 2024

    Source: GlobeNewswire (MIL-OSI)

    Fourth quarter and full year results 2024

    HIGHLIGHTS

    • Q4 EBITDA USD 72 million and 2024 EBITDA USD 318 million in line with guidance
    • Strong commercial performance with Q4 operating cashflow of USD 79 million and 2024 operating cashflow of USD 363 million
    • Robust balance sheet with an equity ratio 30.8% and USD 540 million in available liquidity
    • Q4 cash dividend raised to USD 0.14 per share
    • Increased cash flow in sight with Barossa FPSO on track for April sail-away
    • Full-year 2025 EBITDA guidance in the range of USD 220-250 million

    BW Offshore continues to progress the Barossa project according to schedule and well within the updated budget. As of end January 2025, construction and integration was 99% complete and commissioning at 85% completion. The vessel is currently being prepared for sail-away in late April. The FPSO is on track for first gas in mid-2025.

    For 2025, BW Offshore expects to report EBITDA in the range of USD 220 to 250 million. The EBITDA outlook reflects the firm backlog for BW Adolo and BW Catcher and the expected start of IFRS revenue recognition from BW Opal at full practical completion during the fourth quarter. Dayrate received for the BW Opal during the start-up and early production phase from mid-2025 will be amortised over the 15-year contract period. Contract negotiations for BW Pioneer are progressing well, however no guidance on EBITDA has been included beyond firm contract.

    The Board of Directors has declared a quarterly cash dividend of USD 0.14 per share. The shares will trade ex-dividend from 3 March 2025. Shareholders recorded in VPS following the close of trading on Oslo Børs on 4 March 2025, will be entitled to the distribution payable on or around 11 March 2025. The total dividend for 2024 amounts to USD 59.2 million, equal to 50% of net Income for the year.

    “We continue to maintain a strong balance sheet supported by consistent high commercial uptime and robust cash generation from the fleet with 2024 EBITDA above initial guidance. Our commitment to returning value to shareholders stands firm as reflected in the increased fourth-quarter dividend, and a total distribution for 2024 reflecting 50% of net profit for a second consecutive year,” said Marco Beenen, CEO of BW Offshore. “As BW Opal progresses to schedule and soon departs the yard in Singapore for the Barossa field, we are moving ahead with potential new FPSO projects that meet our selection criteria in a market with high tendering and FEED activity.”

    FINANCIALS
    EBITDA for the fourth quarter of 2024 was USD 71.9 million (USD 83.2 million in Q3). The EBITDA reflects solid operational performance across the FPSO fleet. Third quarter EBITDA was higher due to the final contribution from engineering and design work on the Sakarya project.

    EBIT for the fourth quarter was USD 30.8 million (USD 37.6 million).

    Net financial items were positive at USD 19.4 million (negative USD 16.4 million), of which net interest expense amounted to USD 3.0 million (USD 4.3 million). Fourth quarter was impacted by the recognition of a valuation gain on the finance liability related to the Barossa project, due to changes in timing of future expected cash flows and a positive mark-to-market adjustment on interest rate hedges resulting from an increase in swap rates.

    The share of loss from equity-accounted investments was USD 9.5 million, including a valuation adjustment on the Barossa finance receivable related to changes in timing of future expected cash flows (loss of USD 5.7 million).

    Net profit for the fourth quarter increased significantly to USD 40.8 million (USD 13.0 million).

    Total equity as of 31 December 2024 was USD 1 246.6 million (USD 1 208.6 million). The equity ratio was 30.8% at the end of the quarter (29.6%).

    As a result of strong cash generation from the fleet and the sale of BW Energy shares in 2024, the Company was net cash positive by USD 74.4 million as of 31 December 2024 (USD 38.4 million net cash positive at the end of September).

    Available liquidity was USD 540 million, excluding consolidated cash from BW Ideol and including USD 233.8 million available under the corporate loan facility.

    FPSO OPERATIONS
    The FPSO fleet continued to deliver stable uptime in the quarter with a weighted average fleet uptime of 99.2% (98.9% in the third quarter).

    BW Adolo delivered strong commercial performance as fourth quarter production increased to 37,150 barrels per day (bbls/day), resulting in strong cash flow stemming from the tariff under the contract that generate USD 1.5/bbl for the first 20,000 bbls/day of production and USD 3/bbl for production beyond 20,000 bbls/day.

    Performance from BW Catcher and BW Pioneer was stable and consistent with high commercial uptime.

    FPSO PROJECTS
    In January, BW Offshore was selected to perform the pre-FEED study for the Bay du Nord FPSO project by Equinor. The project reflects BW Offshore’s expertise in floating production solutions for harsh environment conditions, and commitment to delivering sustainable and innovative solutions. The pre-FEED study will play an important role in supporting Equinor’s strategic goals for the Bay du Nord development.

    LOW CARBON ENERGY SOLUTIONS
    BW Offshore is committed to contribute to the energy transition by developing low-carbon offshore energy production solutions, by leveraging FPSO expertise to deliver low-carbon energy and expand into new sectors, focusing on low-emission oil and gas, CO2 transport, gas-to-power and floating ammonia to meet evolving energy demands. The Company maintains a disciplined approach with selective and diligent allocation of capital and a commitment to creating shareholder value.

    BW Offshore also owns 64% of BW Ideol. BW Ideol is a leader in offshore floating wind technology and co-development, with over 14 years of experience in the development of floating wind projects.

    In December, BW Ideol’s project partners, EDF Renewables and Maple Power, were awarded the Mediterranean Tender (AO6) floating offshore wind project in France. The 250-megawatt (MW) development will leverage BW Ideol’s proprietary Damping Pool® technology, a proven solution that optimises the stability and performance of floating wind turbines in challenging marine environments. A total of 12 floating foundations and turbines are planned to be installed at the site.

    OUTLOOK
    Growing energy demand continues to drive interest in developing new infrastructure-type FPSO projects with long production profiles, low break-even costs and focus on lower emissions. Increased project complexity, combined with higher construction costs, necessitates financial structures with significant day rate prepayments during the construction period for new lease and operate projects.

    Alternatively, oil and gas majors may finance and own FPSOs, relying on FPSO specialists for the design, construction and installation scope, combined with operation and maintenance services. BW Offshore is well positioned to offer both solutions.

    In recent years, the number of sanctioned FPSO projects have lagged market expectations. Consequently, there is a growing number of projects at various stages of maturity, reflecting a pent-up demand for FPSOs. Increased FEED and tendering activity is a function of this, and BW Offshore expects that a number of the FPSO projects the Company is engaging with will reach a final investment decision over the next 12 to 36 months. The market dynamics, combined with the high competence levels required for project execution, should enable better risk-reward and improved margins for FPSO companies going forward.

    BW Offshore continues to selectively evaluate new projects that meet required return targets, offer contracts with no residual value risk after firm period, and provide a financeable structure with strong national or investment-grade counterparties.

    BW Offshore expects that the fleet will continue to generate significant cash flows in the time ahead, supported by the USD 5.3 billion firm contract backlog at the end of December 2024.

    Please see attached the Q4 Presentation. The earnings tables are available at:

    https://www.bwoffshore.com/ir/

    BW Offshore will host a webcast of the financial results 09:00 (CET) today. The presentation will be given by CEO Marco Beenen and CFO Ståle Andreassen.

    Webcast information:
    You can follow the presentation via webcast with supporting slides and a Q&A module, available on:

    BW Offshore Limited – Q4 Presentation Webcast

    Please note, that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call. The web page works best in an updated browser – Chrome is recommended.

    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 3 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 of the Norwegian Securities Trading Act.

    Attachments

    The MIL Network –

  • MIL-Evening Report: New report slaps an official price tag on Australia’s precious natural assets

    Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

    Roadwarrior Photography/Shutterstock

    Climate regulation through carbon storage was worth A$43.2 billion to Australia in 2020-21, according to a report released today which seeks to put a monetary value on the benefits flowing from our natural assets.

    Australia’s first national ecosystem accounts were released by the Australian Bureau of Statistics today. Together, they reveal the key ways our environment contributes to Australia’s economic and social wellbeing in dollar terms.

    Ecosystems covered by the accounts include desert, grasslands, native forests, rivers, streams, coastal areas and oceans.

    The accounts provide a holistic view of Australia’s land, freshwater and marine environments. They intend to help policymakers look beyond GDP to a broader measurement of how ecosystems contribute to society and the economy.

    Valuing our ecosystems

    The accounts cover services provided by Australia’s ecosystems in 2020–21.

    Australian ecosystems stored more than 34.5 billion tonnes of carbon – the most valuable service by ecosystems examined in the accounts, according to the ABS.

    It brought a $43.2 billion benefit to Australia in the form of climate regulation. Plants and other organisms reduce greenhouse gases in the atmosphere by removing and storing them. This helps stabilise the climate, avoiding damage caused by climate change.

    Grasslands made the biggest contribution to carbon storage, followed by native forests and savannas.

    The accounts show grazed biomass, or grasslands, provide $40.4 billion in benefits, through the forage provided to cattle and sheep. The dollar figure represents what farmers would otherwise have spent on feeding their livestock.

    The accounts also examined the provision of surface water taken from ecosystems, and used for drinking, energy production, cooling, irrigation and manufacturing. This was valued at $1.4 billion.

    The provision of wild fish, sold to consumers to eat, was put at $39.2 million.

    The accounts also reveal how coral reefs, sandbanks, dunes and mangroves protect our coastlines against tides and storm surges.

    The ABS estimates mangroves protected 4,006 dwellings around Australian coastlines. This prevented more than $57 million worth of building damage.

    The accounts also track changes in Australia’s ecosystems.

    Some 281,000 hectares of mostly farmland were converted to urban and industrial uses between 2015–16 and 2020–21. And 169,000 hectares of “steppe” land – flat, unforested grassland – was converted to sown pastures and fields.

    Feral animal and weed species continue to spread. Meanwhile, the number of threatened native species is increasing.

    Why do we need ecosystem accounting?

    Think of a logged forest. The value of the timber produced counts towards Australia’s gross domestic product. But cutting trees down also produces a loss. For example, the forest is no longer there for the community to enjoy. And it no longer provides “services” such as filtering water and preventing soil erosion.

    There are many reasons to measure the value of those services. For example, governments might then be able to charge a logging company a licence fee which reflects the community value of the forest. A government may decide the forest is too valuable to allow logging at all, or the fee may just be set too high for any company to find it profitable to log it.

    To date, the value lost when trees are cut down, or other ecosystems are damaged, has not been included in the national accounts. The new environmental accounts seek to change this.

    Obviously, ecosystems are complex and difficult to measure. The ABS has been guided by an international framework developed by the United Nations.

    The ecosystem accounts are a collaboration between several federal agencies: the ABS, the Department of Climate Change, Energy, the Environment and Water, and the CSIRO.

    Boundless plains and golden soil, girt by sea

    The accounts distinguish between environmental “realms”.

    About half of Australia’s terrestrial (dry land) realm is desert. About a quarter is savanna and grassland. Intensively used land, such as pastures, is a smaller proportion.

    There are contrasts between the states. Western Australia has 158 million hectares of desert while Victoria, Tasmania and the Australian Capital Territory have none. Queensland, Western Australia and the Northern Territory host 97% of Australia’s mangroves.

    About half of Australia is the marine realm, covering 681 million hectares. Some 30% of this is the marine shelf and 70% deep sea. About 14 million hectares comprise coral reefs. The darker areas in the map below show where most fish are caught.

    The coastal realm comprises mangroves and saltmarsh. In 2021, mangroves covered an estimated 1.1 million hectares of Australia’s coastal areas.

    A small but important proportion of Australia is our freshwater realm, comprising rivers and streams. The accounts show between 2015–16 and 2020–21, 4% of natural environments along perennial rivers were converted to higher intensity land uses.

    Where to now?

    These accounts are just the first step in estimating the value of Australia’s natural assets.

    The ABS will update Australia’s ecosystem accounts annually. It describes the inaugural accounts as “experimental” and says the government agencies involved will run a consultation process to improve them.

    We can expect the accounts to become more useful over time as data accrues and trends can be identified.

    According to the ABS, policy uses for the accounts include managing healthy and resilient ecosystems, and integrating biodiversity into planning.

    Poet and playwright Oscar Wilde defined a cynic as someone who “knows the price of everything but the value of nothing”. In today’s society we often underrate things that do not have a dollar value attached.

    So this compilation of Australia’s ecosystems, and their value to us, is a welcome development. It should lead to more informed, holistic decisions about whether natural assets should be protected, or damaged for economic benefit.

    John Hawkins 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. New report slaps an official price tag on Australia’s precious natural assets – https://theconversation.com/new-report-slaps-an-official-price-tag-on-australias-precious-natural-assets-250623

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Murkowski: In Alaska, We Do Have an Energy Emergency

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski

    02.26.25

    Washington, DC – U.S. Senator Lisa Murkowski (R-Alaska) today voted against S.J.Res.10, a resolution to terminate the national energy emergency declared by President Trump on January 20, 2025. Murkowski spoke on the Senate floor in advance of the chamber’s vote to defeat the resolution, detailing the energy emergency in Alaska—which includes supply in Southcentral, affordability in rural and remote communities, and low throughput in the Trans-Alaska Pipeline System—while also pointing out the United States’ deep, self-inflicted vulnerabilities on mineral security.

    View Senator Murkowski’s remarks here

    A transcript of Murkowski’s floor statement is below.

    TRANSCRIPT

    Murkowski: Mr. President, I join my colleague from Utah, the Chairman of the Energy Committee, in speaking today in clear opposition to Senate Joint Resolution 10, which would terminate the energy emergency that has been declared by President Trump.

    I think my colleagues here on both sides of the aisle know that I’m not afraid to suggest when I think that the President may be heading in the wrong direction, but folks, on this one, he has absolutely, positively, clearly hit the mark. And I think that the Chairman of the Energy Committee has outlined in pretty good detail how that has come about.

    We know that our country is blessed with extraordinary, extraordinary assets. We have the potential to become the world’s leading resource superpower. But in order to do that, we have to be able to produce more energy domestically, and we have to be able to extract more minerals. We have to be able to build more transmission lines. We need to be able to overhaul what is clearly a broken federal permitting process. And we can do this.

    We can do this in a way that is cheaper, that is more reliable, more clean, than any other nation in the world. But wewe’ve got to kind of dig out now from where we have been over these past four years, where we saw setback after setback for resource producing states like mine, the state of Alaska.

    Let me give you a little detail in terms of what we’re facing in the state of Alaska, a state that, again, is known for its resource wealth.

    Right now, in the southcentral part of the state, we’re on the verge of importing LNG to meet the needs of some 75% of our population during the colder winter months. I’ll just repeat that: Alaska, the place where everybody knows we’ve got extraordinary oil resources, we have extraordinary natural gas potential, not only on the North Slope, but down in Cook Inlet. Well, Cook Inlet reserves are on the decline, and we are actually talking about importing LNG from Canada. That ought to just be considered a non-starter for anyone who knows and understands the extraordinary potential for resource development that we have in our state, with the wealth that we have.

    Right now, in some of our remote communities across the state, residents are truly in what I would describe as an energy emergency. They might not use that term anymore, because they’ve just gotten so used to the fact that they’re paying so much to keep their lights on and to keep warm. We have residents in many communities that are spending up to one half of their incomes on energy just to, again, to keep the lights on and to keep warm.

    Think about what that means when you’re spending half of what you what you make for just the basic necessities. It means that you have less to feed your family, to educate your kids. We’ve got communities where power costs 10 times the national average, where gasoline can easily exceed $10 a gallon, and that includes diesel as well. And those costs, of course, impact everything, everything – because you’ve got to move your food, your goods, usually by airplane, sometimes over the water, sometimes you’re able to drive it, but when you’re paying this much for diesel, gasoline, for avgas, it impacts everything.

    So, it’s not unusual to go into a village store and, if you can actually find a gallon of milk, see that it costs $18 a gallon. I do my comparison shopping by checking the prices of a box of Tide. People need to be able to wash their clothing for sanitary purposes. In almost every village that I’m going to, you’re looking at prices over $50 a box. $50 for a box of Tide laundry detergent. And it’s not because Tide is any more expensive than anything else, it’s just the reality of what we’re paying there. So, I think we’ve got an energy emergency when it comes to affordability.

    Right now, in our state, we also have an oil pipeline that is just one-quarter filled. We’ve had this pipeline pumping oil safely from the North Slope to delivery down in Valdez, going to other parts of the country for refining. That oil pipeline was completed in 1977 and has been producing for America ever since. But right now, it’s about one-quarter full. What’s happening is you have the federal government controlling most surrounding lands, and that has led to decreased opportunities to expand production up there, and a pipeline that again is about one-quarter full.

    I mentioned the benefits of oil here. I talked about natural gas, but we also have known deposits of about 50 critical minerals, the building blocks of our modern society and our national security. We have just about everything that our nation needs to break its deep dependence on China, to be able to rebuild our supply chains. But if you can’t access it, you can’t produce it, we can’t benefit from it.

    We tried to build a road from the Dalton Highway to the Ambler mining district that is explicitly provided by a 1980 federal law. We authorized this as part of a grand compromise. The road corridor was in exchange for creation of a massive National Park and Preserve. But we can get the Ambler project approved in one administration, only to have the next one come in, reopen it, ignore the law, and then make a political decision to reject it. And then here in Congress, we run into a partisan wall with some less interested in the rule of law than the whims of the very same environmental groups that pushed this resolution. And then meanwhile, what’s happening when we’re not able to produce in our own home states? China is cutting us off from its mineral exports, including the gallium and the germanium that we could produce from the Ambler district, if only the federal government would uphold its promise to allow Alaskans to responsibly access it.

    So, yeah, when I when I look at my home state, when I look at Alaska, I do see an energy emergency. I see several actually. And I see even more reasons to be concerned nationally. As the Chairman of the Energy Committee just noted, electricity demand is growing, and yet we can’t permit new power plants or build transmission lines. We can’t build pipelines in the Northeast or almost anything, particularly mines, on federal lands in the West. And you know, I’m listening to some of the arguments that are there being presented here, and maybe I’d feel differently if my home state was producing more than two million barrels of oil per day, as some are. But we’re not, and it’s not because we can’t, it’s because we’ve been denied the opportunity to do so. And that’s why I’m very thankful for President Trump and the administration for the focus that they have given to the state of Alaska with a specific executive order to allow us to unleash Alaska’s energy and resource potential.

    I have shared with the Secretary of the Interior, as well as the Secretary of Energy, that we need to stop treating energy like it’s some kind of an evil or a bad thing. We need to recognize that it is good. When I was chairman of the Energy Committee, we had a little bumper sticker, and I summed up my whole policy with: energy is good. I haven’t deviated from that policy. Energy makes us stronger, makes us less vulnerable, and it is an asset, not a liability, and we need to treat it as such.

    We need to be unleashing our resources, including all of our renewables, because that’s all part of the energy basket as well. So, it’s not an either-or, in my view, it’s all of the above. And that’s good for our economy. It’s good for our security, it’s good for our geopolitical power. America’s resource production is good for the global environment, because when we’re producing our resources, we stop paying countries that have little to no environmental standards, no interest in reducing their emissions, who often rely on child slave labor, and who frankly don’t even like us. So why not seize the opportunities we have here?

    Why not seize the opportunities that we have here, benefit our own people, our own economies, and again, benefit the global environment as well? If an energy emergency helps us figure this all out, then I’m good with that. And if it helps us remove the federal sanctions that we have seen on Alaska and returns my state to the heart of our national strategy for resource production, then that is also good. I think we’ll all be better off.

    MIL OSI USA News –

  • MIL-OSI USA: Schatz: Trump’s Fake Energy Emergency A Distraction From High Costs, Big Oil Giveaways

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i) issued the following statement after voting for S.J.Res.10, a joint resolution to terminate President Trump’s “national energy emergency.”

    “Should Trump and the Republicans ever get serious about addressing our most pressing energy challenges – modernizing and expanding our grid to bring reliable energy at a low cost to all Americans – we stand ready and willing to legislate. But a reckless buildout of fossil fuel projects to the benefit of Big Oil executives and at the expense of everyday Americans – at a time when communities are increasingly being decimated and people are dying as result of extreme weather – is not that.”

    As part of his Day One executive orders, President Trump declared a “national energy emergency” that aims to expedite the development of primarily fossil fuel projects. That, coupled with his illegal freezing of federal funding and halting of permits for wind and solar projects – our cheapest sources of energy – threaten to raise energy costs and eliminate hundreds of thousands of jobs spurred by the investments Democrats made in the Inflation Reduction Act.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Backing farmers to innovate and make more money

    Source: New Zealand Government

    The Government is ramping up a programme to boost sustainably and farm productivity. 

    Agriculture Minister Todd McClay has announced the ‘Science for Farmers’ initiative will be rolled out at agricultural events around the country starting with the Dargaville, Wānaka, Feilding, and Kirwee Agricultural Shows over the next two months. 

    “Science for Farmers brings leading scientists to the regions to talk directly with farmers about research and innovation that’s already paying dividends on farms around the country,” Mr McClay says. 

    The programme is a collaboration between the Ministry for Primary Industries’ On Farm Support service and key research partners, including AgResearch, AgriZeroNZ, LIC, Massey University, Manaaki Whenua – Landcare Research, and the New Zealand Agricultural Greenhouse Gas Research Centre. 

    It provides detailed information and access to experts in many areas including on:

    • Alternative pasture types that can help farmers future-proof their pasture-based systems in a warming climate.
    • Advanced genetics to increase production whilst helping to meet environmental and emissions obligations. 
    • On-farm management systems that increase profit and enhance business resilience.

    “The Government is committed to lifting rural productivity, increasing jobs and unlocking New Zealand’s potential by going for growth.

    “Small steps can make a big difference. Every extra kilo of milksolids, kg of meat or wool, and extra tray of fruit we produce through innovation and science, puts more money into the pockets of rural New Zealand and helps achieve our goal of doubling the value of exports within 10 years”. 

    MIL OSI New Zealand News –

  • MIL-OSI USA: Durbin Exposes Trump’s Phony “Energy Emergency,” Which Will Only Cut American Jobs And Enrich Big Oil Billionaires

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    February 26, 2025
    In a speech on the Senate floor, Durbin urges his colleagues to vote for Senator Kaine’s measure that will end President Trump’s fabricated “energy emergency”
    WASHINGTON – In a speech on the Senate floor today, U.S. Senate Democratic Whip Dick Durbin (D-IL) disparaged the Trump Administration’s fabricated “energy emergency,” which President Trump declared in a vile effort to use additional presidential authority to fast-track the construction of oil pipelines and drilling in the Gulf of Mexico, among many other pro-fossil fuel projects.  The false emergency is a thinly veiled effort to appease President Trump’s wealthy donors at the expense of the planet, American jobs, home electric bills, and the U.S.’ energy independence from China.
    Durbin’s remarks came ahead of a vote on a measure introduced by U.S. Senator Tim Kaine (D-VA) that would end the fictitious national energy emergency declared by President Trump through an Executive Order. 
    Durbin began his floor speech by emphasizing that, despite the Trump Administration’s claims, the United States has been thriving in energy production, particularly because of the Inflation Reduction Actprovisions that every congressional Republican voted against.
    “Among those Executive Orders [issued by President Trump] was his declaration of an ‘energy emergency.’  Turns out that the claim is not based on fact.  There is no ‘energy emergency’ in America.  Under the Biden Administration, we saw record deployment of wind, solar, biofuels, batteries, oil, gas, and nuclear.  In fact, the United States is producing more power than ever, and last year, the United States of America produced more oil than any nation in the history of the world,” Durbin said.  “And yet, President Trump continues to insist that America is on the verge of nationwide blackouts and that clean energy will raise prices.  [That is] Simply not true.”
    As Durbin underscores, President Trump’s emergency declaration was motivated by placating the billionaires that he asked for hefty campaign contributions from.  The declaration grants President Trump additional presidential authorities, allowing the Administration to circumvent critical environmental regulations and open up federal lands and waters for oil and gas drilling.  This will only enrich Big Oil executives while desecrating protected lands.
    “So what’s the reason for the President to try to mislead the American people? The short answer is that he wants to give handouts to his billionaire buddies in the fossil fuel industry,” Durbin said.  “Before Elon Musk showed up with his multi-billion-dollar fortune, it was reported that then-candidate Donald Trump invited fossil fuel executives to Mar-a-Lago to ask for – hold on to your seats – a one-billion-dollar campaign contribution.”  
    “Now that President Trump is in office, he is doing everything he can to keep those billionaires happy.  That means tax cuts for the ultra-wealthy, which is on its way I’m afraid, opening up federal lands and waters for drilling, and yes, declaring this phony energy emergency,” Durbin said.
    While President Trump falsely asserts that his declaration will support U.S. energy production, he failed to include any provisions to support fossil fuels’ cleanest competitors—wind and solar power.  As wind and solar power are the cheapest energy to produce, consumers who use this power, in turn, see a reduction in their energy costs. 
    In fact, President Trump’s so-called “energy emergency” could raise a family’s annual energy bills by up to 12 percent or around $500 a year.  In addition to costing Americans hundreds of dollars, the phony “energy emergency” could cost the country the 400,000 new jobs that Democrat-led investments have spurred since August 2022.
    “Wind and solar power is the cheapest energy in the world.  And those cheap prices get passed on to families…  I know personally.  A few years ago, my wife and I made the decision to install solar panels on the roof of our home.  Our home project gave union workers in my community a good-paying job, and it was just one project contributing to the hundreds of thousands of jobs created under the Biden Administration,” said Durbin. 
    “Since Democrats’ Inflation Reduction Act was enacted two and a half years ago, more than one and a half million Americans have installed solar panels,” Durbin said.  “Every one of those installations also helped to create good-paying jobs for electricians, carpenters, and other workers, and supplying those panels created thousands of new jobs at factories around the country.  But President Trump was not impressed.  He wants to eliminate those jobs.”
    President Trump’s fabricated national emergency also jeopardizes the U.S.’ energy independence.  Earlier this month, the American solar industry reported that, for the first time ever, it had the capacity to meet the demand for all solar in the U.S.  Historically, China has dominated solar manufacturing by controlling at least 80 percent of the global market; however, the country was leading the sector by circumventing tariffs and using forced labor to produce solar panels.  Rather than invest in American-made clean energy and American jobs, President Trump is turning toward Big Oil billionaires and allowing China to overtake the U.S.’ energy sector.
    Durbin concluded his remarks by urging his colleagues, on both sides of the aisle, to stand up for American-made clean energy, American jobs, and American energy independence by voting to end President Trump’s fictional energy emergency.
    “We have an opportunity to undo the harms of one of President Trump’s many lies today…  We need to raise up American workers, lower utility bills, and put our country back on track to lead the world in clean energy.  I urge my colleagues to support the Kaine measure,” Durbin said.
    Video of Durbin’s remarks on the Senate floor is available here.
    Audio of Durbin’s remarks on the Senate floor is available here.
    Footage of Durbin’s remarks on the Senate floor is available here for TV Stations.
    -30-

    MIL OSI USA News –

  • MIL-OSI USA: Video: Kaine Speaks on Senate Floor Ahead of Vote to Terminate Trump’s Sham Energy Emergency

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    BROADCAST-QUALITY VIDEO OF KAINE IS AVAILABLE HERE.

    WASHINGTON, D.C. – Today, U.S. Senator Tim Kaine (D-VA) spoke on the Senate floor to highlight the ways President Donald Trump’s war on American-made energy—including through his sham national energy emergency—will raise costs and cost Americans good-paying jobs. Later today, the Senate will vote on legislation led by Kaine and U.S. Senator Martin Heinrich (D-NM) to terminate President Trump’s emergency declaration.

    “President Trump took a number of actions on his first day in office, and many of them got a lot of attention. One that didn’t get so much attention was his decision on day one—on day one—to declare that the United States was in an energy emergency,” said Kaine.

    “I am proud to stand here and tell you, especially as one who has supported many of the policies that has led to this growth in American energy, that America is producing more energy today than at any point in the history of this nation. America is the leader in the world in energy production, and for the last few years, we’ve been an energy surplus nation, producing more than we consume,” Kaine continued.

    Kaine said, “Donald Trump and his Administration are attacking wind projects. They’re attacking solar projects. They’re attacking clean energy projects that aren’t oil, coal, natural gas, and nuclear, and by doing so, they’re reducing supply and likely raising prices on American consumers.”

    “There are a number of projects in Virginia, as an example, that benefited from tax breaks included either in the Inflation Reduction Act for clean energy projects or the Bipartisan Infrastructure Law for rollout of electric vehicle charging,” Kaine said. “President Trump’s Administration has attacked those projects, has put them on hold, and the Virginians who were intending to invest billions of dollars hiring people to build these projects are now uncertain about what they can do.”

    “This would be more than a horrible policy… It would also set a horrible precedent—a precedent that a president of either party can invent a sham emergency and then grab away from Congress powers that Congress has under Article One,” Kaine concluded. “We took an oath to a Constitution that gives Congress certain powers. We should not let the President trample on those powers.”

    In the hours following his inauguration on January 20, 2025, President Trump signed a slew of executive orders, including the national energy emergency order, to withdraw support for renewable energy—despite its benefits to America’s economy and environment—and grant his administration new powers to promote fossil fuels at the cost of bedrock environmental laws. Specifically, the emergency will benefit Big Oil by giving his unelected Cabinet officials the power to oversee the accelerated approval of fossil fuel projects, including oil drilling rigs and pipelines, and explore the use of eminent domain to take Americans’ land for the “siting, production, transportation, refining, and generation” of non-solar and non-wind-related energy production.

    Last week, Kaine and Heinrich held a press conference with environmental leaders to urge their colleagues to support their legislation to end the emergency.

    MIL OSI USA News –

  • MIL-OSI USA: Kaine & Heinrich Statement Regarding Republicans’ Rubber-Stamping of Trump’s War on Affordable, American-Made Energy

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. – Today, U.S. Senators Tim Kaine (D-VA) and Martin Heinrich (D-NM), the Ranking Member of the Senate Energy and Natural Resources Committee, released the following statement after their legislation to terminate the national energy emergency President Donald Trump declared to benefit Big Oil was blocked by Senate Republicans, thereby rubber-stamping Trump’s war on American-made energy that will raise energy costs and kill good-paying jobs:

    “The United States is producing more energy than any country in the world at any point in history. If President Trump wants to find the real emergency, he should look in the mirror. His war on American-made energy is yet another Trump mistake that will weaken our economy, raise prices, and kill new, good-paying jobs. And today’s vote goes to show, once again, that Senate Republicans refuse to do their jobs and put the American people above the wish lists of Trump’s donors and billionaire energy tycoons. To our colleagues: don’t say we didn’t warn you when your constituents’ energy bills go through the roof. To the American people: we’re going to keep fighting for you.”

    In the hours following his inauguration on January 20, 2025, President Trump signed a slew of executive orders, including the national energy emergency order, to withdraw support for renewable energy—despite its benefits to America’s economy and environment—and grant his administration new powers to promote fossil fuels at the cost of bedrock environmental laws. Specifically, the emergency will benefit Big Oil by giving his unelected cabinet officials the power to oversee the reckless approval of fossil fuel projects, including oil drilling rigs and pipelines, and explore the use of eminent domain to take Americans’ land for the “siting, production, transportation, refining, and generation” of non-solar and non-wind-related energy production.    

    Since August 2022, Democrat-led investments have created an American-made energy boom, spurring the highest levels of factory construction in American history, with more than 400,000 new jobs announced across the country. Trump’s war on American-made energy will kill these new jobs and raise families’ annual energy bills by up to 12 percent. That’s $32 billion more in total household energy costs over the next five years.

    MIL OSI USA News –

  • MIL-OSI Security: Simi Valley Couple Arrested for Abusing Asylum-Seeking Immigrants, Operating Illegal “Work for Smuggling” Scheme

    Source: Office of United States Attorneys

    LOS ANGELES – A Simi Valley couple were arrested today on charges that they abused asylum-seeking immigrants from Latin American countries by forcing them to do domestic labor around the house and hand over money they earned working outside the home.

    Carolina Rojas, 50, and her husband Jairo John Gastelo, 45, were each charged with one count of conspiracy to commit forced labor and four counts of forced labor.

    Rojas was separately charged with an additional four counts of trafficking with respect to forced labor, three counts of giving immigration documents to unauthorized persons, one count of encouraging and inducing illegal entry, and one count of witness tampering.

    During initial appearances Wednesday afternoon in U.S. District Court in downtown Los Angeles, a federal magistrate judge ordered them detained and scheduled a trial for April 8.

    “As described in the indictment, the defendants smuggled individuals into the United States and exploited them for their own financial gain,” said Acting United States Attorney Joseph McNally. “The enforcement of our immigration laws is critical to preventing forced labor and human trafficking. We will hold accountable those that violate these laws.”

    “Today’s indictment shows the great lengths that the defendants went through to enrich themselves off smuggled aliens,” said HSI Los Angeles Special Agent in Charge Eddy Wang. “Labor trafficking continues to be an ongoing problem in our communities and HSI remains committed to holding traffickers accountable for their deplorable actions.”

    According to the indictment, no later than November 2021 and continuing until at least March 2024, Rojas and Gastelo allegedly worked with each other and others to recruit foreign nationals from specifically Latin American countries to come to the United States for the purpose of providing forced labor upon arrival to their house in Simi Valley.

    Rojas allegedly facilitated the foreign nationals’ entry into the United States by providing initial financial assistance and by making travel arrangements for each victim. Once successfully in the U.S., Rojas helped the victims get transportation to California and eventually to Rojas and Gastelo’s house in Simi Valley.

    After arriving at the house, the defendants allegedly forced the victims to provide around-the-clock childcare for a child with special needs and perform other domestic labor. The victims received no pay for their services and were told by Rojas and Gastelo that their work was performed in exchange for rent at the home.

    The defendants allegedly charged the foreign nationals a fee for being smuggled into the U.S.  In some cases, Rojas connected victims with a nearby McDonald’s in Simi Valley where she had an arrangement with the manager to hire individuals she brought to work there. Rojas and Gastelo would then collect money from the victims’ jobs as repayment for their smuggling fee debt.

    Before getting outside-the-house employment, Rojas allegedly helped procure fraudulent social security cards and permanent resident cards for the victims to use when seeking jobs. Rojas would then bring the victims to a check cashing company, where they could cash their checks in order to pay Rojas and Gastelo.

    If convicted, Rojas and Gastelo face a statutory maximum of five years for conspiracy to commit forced labor and a statutory maximum of 20 years for each charge of forced labor.

    Rojas faces an additional statutory maximum of 20 years for each charge of trafficking with respect to forced labor, a statutory maximum of 10 years for each charge of giving immigration documents to unauthorized persons, a statutory maximum of 10 years for encouraging and inducing illegal entry, and a statutory maximum of 20 years for witness tampering.

    Indictments contain allegations that a defendant has committed a crime. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

    Homeland Security Investigations and Immigration and Customs Enforcement investigated this matter.

    Assistant United States Attorneys K. Afia Bondero of the Major Frauds Section and Matt Coe-Odess of the General Crimes Section are prosecuting this case.

    MIL Security OSI –

  • MIL-OSI USA: VIDEO: Hickenlooper Speaks Out Against Trump Admin’s False “Energy Emergency”

    US Senate News:

    Source: United States Senator for Colorado John Hickenlooper
    Hickenlooper: “Let’s call this political theater [out] for what it is: an attempt to accelerate oil and gas projects while at the same time, holding back our renewable energy.”  
    U.S. energy production exceeded consumption by widest margin in U.S. history in 2023
    WASHINGTON – Today, U.S. Senator John Hickenlooper spoke on the Senate floor against the Trump administration’s claim that the U.S. faces a “national energy emergency.” He highlighted that an “all of the above” approach to energy, including historic investments in renewable energy from the Bipartisan Infrastructure Law and Inflation Reduction Act, have created a U.S. energy boom and lowered energy costs for working families.
    Hickenlooper’s speech comes ahead of a Senate vote on a resolution to overturn President Trump’s energy emergency declaration.

    “America’s energy economy is booming in large part because of the Bipartisan Infrastructure Law and the Inflation Reduction Act – bills that make historic investments in American-made energy. These bills have created more than 400,000 good-paying jobs.
    “Cutting funding from these critical pieces of legislation is going to hit our rural communities the hardest – where it could provide the greatest benefit. It’ll shrink county government revenue. It will force layoffs, and ultimately it will increase the cost of energy. 
    President Trump issued an executive order on January 20th declaring a “National Energy Emergency” claiming that “the policies of the previous administration have driven our Nation into a national emergency where a precariously inadequate and intermittent energy supply, and an increasingly unreliable grid, require swift and decisive action.”
    The president’s claim contradicts widespread evidence that U.S. energy production continues to surpass consumption. Excluding coal, the U.S. produced more energy in 2023 than any other country in the world. 
    Last week, Hickenlooper introduced an amendment to the Republican budget resolution protecting the low cost of energy by blocking Republican-led attempts to slow renewable energy development. Every Republican voted against it. Watch his speech in support of his amendment HERE. To download a full video of Hickenlooper’s remarks, click HERE. A full transcript of his remarks is available below:
    “Mr. President, 
    “The United States is in an energy boom. Our nation has never produced more electricity, oil, and gas than we are producing right now.
    “This ‘all the above’ approach to energy using everything – including solar, wind, and geothermal – is keeping energy prices as low as possible for working families – but at the same time recognizing that climate change is real – and moving towards a clean energy future. Excluding coal, the U.S. produced more energy than any other country in the history of the world in 2023.
    “It appears that some in this administration are determined to undo that progress.
    “Despite American leadership in energy, the President signed an executive order on his first day declaring a ‘national energy emergency.’
    “That sounds dramatic and almost theatrical, because it’s meant to be. Let’s call this political theater for what it is: an attempt to accelerate oil and gas projects while at the same time, holding back our renewable energy.
    “Of course, there are things that we need to be doing to keep energy cleaner, prices lower, and to cement American energy independence.
    “For starters, we need to increase energy production. We need to meet our energy future by streamlining permitting of our new energy projects – of all our energy projects – while at the same time being mindful about the environmental impacts and giving impacted communities a public forum. We need to upgrade our grid. We need to increase clean domestic critical mineral production.
    “But that’s not what his executive order will do. In fact, it won’t do a single one of these things.
    “They claim we’re in an emergency, an ‘energy emergency.’ But they continue to block federal wind and energy permits.
    “They claim we’re in an emergency, an ‘energy emergency.’ But then they ship oil and gas overseas.
    “They [claim we’re in] an ‘energy emergency,’ and yet their actions would cede complete control of what eventually will be an enormous global market in renewable energy to China.
    “The administration has also fired thousands of government workers who play vital roles in American energy – all in the name of government efficiency and giving tax cuts to the ultra-wealthy.
    “Listen, I’m all for making government more efficient. I’ve worked on that most of my public life. If you want to seriously look at how we spend money and where we can actually cut fraud, waste, and abuse – I’m game. But hastily, almost randomly firing Department of Energy employees or letting go 300 workers who maintain our nuclear security and safety, I don’t think that’s the way to do it.
    “Our office has even heard from a private company that is worried that the federal employee responsible for managing their permitting process is about to be fired, placing the entire success of their project at risk. They help bring energy to our local communities. This will stop them dead in their tracks and raise prices for households at the same time.
    “America’s energy economy is booming in large part because of the Bipartisan Infrastructure Law and the Inflation Reduction Act – bills that make historic investments in American-made energy. These bills have created more than 400,000 good-paying jobs.
    “And yet, there’s an effort by some in the Congress, mostly Republicans, I should say all Republicans, and the administration, but that effort is to slash and impede the progress that we’ve made. Even though an estimated 70% of the benefits – the jobs, the investments, the increased energy – are going to red states.
    “Cutting funding from these critical pieces of legislation is going to hit our rural communities the hardest – where it could provide the greatest benefit. It’ll shrink county government revenue. It will force layoffs, and ultimately it will increase the cost of energy. 
    “Clean energy isn’t just some liberal boogeyman, it’s not some notion. In fact, most of the energy that’s ready to go as we expand our capacity, that’s ready to go, is clean and affordable. Solar, wind, storage, they make up 95% of the capacity of new energy ready to connect to our grid. Wind generates 10% of our electricity now and will provide much more affordable, renewable energy if more permits were made available.
    “Withholding funds already appropriated by Congress through these laws – if these funds are withheld, energy bills can balloon by up to 12% for American families. That’s at least $240/year for working families that they’ll have to come up with one way or another. And certainly, when you’re struggling to afford eggs at the grocery store, trying to balance your checkbook at the end of the month, the last thing you need is an increase in your energy bill. 
    “Some in Congress, some Republicans have introduced their budget which strips critical services for Coloradans, while adding four trillion dollars to our national debt. All primarily so they can give tax breaks of which more than half go to the ultra-wealthy, who at least many in Colorado don’t even want. 
    “I put an amendment on the floor that would strip any provision from their budget that would raise energy costs for Americans. Now, how can people be opposed to that?
    “And yet every Republican voted against it.
    “I think they’re putting politics over people.  
    “We’re able to keep energy prices low for working families because we use everything – oil, gas, geothermal, wind. So rather than limiting energy sources, proclaiming a false emergency, or firing critical government employees, let’s meet the moment and usher in a new energy future that helps everyone. 
    “A future marked by a resilient energy grid built by American innovation that delivers low-cost, reliable energy for every Coloradan, for every American.
    “If this administration is looking for a bipartisan roadmap on this, we have one.
    “We should pass permitting reform that streamlines review for ALL energy projects, not just oil and gas. We can build a modern electric grid that will reduce energy prices – for all.
    “Let’s continue supporting emerging technologies like advanced geothermal and nuclear so that we can remain dominant in the markets that are emerging.
    “And let’s stop picking winners and losers! The vast majority of new electricity is coming from low-cost solar, wind, and energy storage. Let’s follow the law and let the investments in energy from the past few years go to the communities that need them.
    “Let’s cut the nonsense: this isn’t an energy emergency. It’s an energy opportunity.
    “This administration’s actions certainly would cause an emergency for many Colorado and American working families.
    “Mr. President, I yield back the floor.”

    MIL OSI USA News –

  • MIL-OSI Russia: Short-term Policy Responses to Geoeconomic Shocks in CESEE Countries

    Source: IMF – News in Russian

    Speech by Alfred Kammer, Director, IMF European Department, Amsterdam, February 14, 2025

    February 26, 2025

    It is a great pleasure to open this session.

    Let me begin by setting the stage for what I hope will be an insightful discussion on short-term policy responses to geoeconomic shocks. I will focus on the Central, Eastern, and South Eastern European (CESEE) countries.

    The CESEE region experienced a respectable recovery last year with growth accelerating from 0.8 percent in 2023 to 2.5 percent in 2024.

    As expected, the composition of growth changed. Domestic demand (consumption and investment) rebounded, while net exports—which had been a key driver in 2023—turned into a drag.

    Supportive fiscal policies at both the national and EU level played a role alongside a strong labor market and disinflation aided by tight monetary policy.

    However, the growth momentum is weakening.

    Geoeconomic fragmentation, linked to both Russia’s war in Ukraine and trade policy uncertainty, is weighing on demand.

    In my remarks today, I will address three key questions:

    • How much can the CESEE region rely on domestic and external demand for a continuation of the cyclical recovery into 2025?
    • How well-prepared is the region to handle external demand challenges arising from geoeconomic fragmentation? And,
    • What can policymakers do in the short term?

    Let me start with the first question.

    How much can the CESEE region rely on domestic and external demand to support growth in 2025?

    Our baseline forecast assumes moderate growth in 2025 at around 3 percent, supported by some remaining pent-up demand.

    However, the cyclical recovery has largely run its course for three reasons.

    • First, the recovery in household spending is nearly complete. While strong wage and income growth initially supported consumption, momentum is fading as wage growth slows alongside inflation. Additionally, upward shift in uncertainty has also raised precautionary savings, dampening spending. This is unlikely to change anytime soon.
    • Second, business investment is not expected to accelerate further. Despite improved financing conditions from less restrictive monetary policy, firms remain cautious due to diminished growth expectations and uncertainty about trade policies and EU reforms.
    • Third, external demand remains weak, limiting the region’s ability to rely on exports for additional growth.

    Let me add two more observations:

    Not all CESEE countries face the same challenges.

    Albania, Croatia, Montenegro, Bosnia and Herzegovina, will continue to benefit from remittances, EU support, and tourism revenues, offering them some insulation from external risks.

    However, others will be impacted by the effects of the strong nominal wage growth over the last few years.

    • For one, minimum wage increases are unlikely to be repeated. More broadly, household incomes will grow much more slowly in 2025 as wage negotiations follow inflation, which is slowing down.
    • In addition, like elsewhere, households have changed their savings behavior and are spending less out of their earned income, likely due to the lingering memory of recent income shocks and uncertainty about external developments.

    Taken together this means that with a few exceptions the region’s recovery momentum is weakening.

    Let me now turn to the second question.

    How well-prepared is the region to handle external demand challenges arising from geoeconomic fragmentation?

    The region faces three key vulnerabilities in the face of geoeconomic fragmentation:

    One, rising labor and high energy costs are eroding competitiveness.

    Two, high trade openness and deep integration into global value chains—once advantages during globalization—now heighten exposure to external demand shocks in times of de-globalization, and

    Three, there is limited room from returning to accommodative macroeconomic policies.

    Let me start with a word on cost competitiveness.

    Export growth has stalled across the region with net exports subtracting about ½ percentage point from GDP growth last year.

    Several adverse cost developments weigh now on CESEE’s competitiveness:

    • Energy costs in Europe remain significantly higher than in the US—nearly five times more for natural gas and more than double for electricity (CHART).
    • The level of labor costs is becoming a headwind. The real effective exchange rate (REER) relative to unit labor costs (CHART) has deteriorated for the region.
    • Additional wage increases and persistently higher energy prices could translate into higher production costs and, eventually, higher final prices—just as external demand conditions are weakening.

    These cost pressures have significant economic implications. If the REER continues to appreciate by 2 percentage points per year, as observed over the past five years, export growth could be dampened by approximately 0.6-0.8 percentage points per year.

     

    Beyond costs, the CESEE region’s integration into global value-chains and trade linkages create exposure to shifting trade dynamics.

    A recent IMF study shows that Chinese EV imports could have very large GDP effects on CESEE countries through the supply chain.

    For example, the estimated negative impact on Hungary and the Czech Republic from a shift to EVs is about 10 times larger than in advanced European economies, reducing GDP by 1.5 to 2.0 percent (cumulatively) over 5 years. For these countries and sectors to adjust, retaining cost competitiveness plays an important factor. 

    Now to the third question:

    What can policymakers do in the short term?

    After waves of external shocks, reducing uncertainty through clear communication is crucial. Governments should focus on reinforcing fundamentals, pursuing credible and sustainable macroeconomic policies, and building resilience.

    Fiscal consolidation is necessary, but it is not sufficient.

    Despite the recovery, fiscal balances have not improved (LHS) and long-term fiscal spending needs remain high [RHS]. They are mostly aging-related (health and pensions), security related (defense) and climate-related.

    An important discussion to be had is on the next EU budget, including on expenditures on European public goods, such as defense and the environment.

    Monetary policy needs to move cautiously in removing its restrictive stance.

    While weakening of external demand is likely to be disinflationary (barring sharp currency depreciations), inflation persistence remains a concern. This is especially the case in countries where inflation expectations remain above inflation targets (RHS) and where sustained wage growth is not supported by productivity gains.

    Growth-oriented reforms and moderation in public sector wage raises—serving as signals to the private sector—are key.

    Two observations on the role of central banks:

    • Effective communication is crucial. Given the uncertainty, central banks must clearly communicate policy intentions to steer expectations. To clarify policy responses sensitivity analyses or scenarios are useful.
    • Maintaining central bank independence is essential. Pressures on institutional independence have risen in several countries. Research shows that lower trust in central banks increases the costs of achieving price stability, a risk that the region cannot afford.

    And last but not least in terms of policy priorities, countries need to accelerate structural reforms, to raise their growth potential and strengthen economic resilience.

    We are currently undertaking new work on assessing national structural reform priorities across Europe. (This complements work on what can be done at the EU level).

    This work finds that the CESEE region lags behind its European and global peers in almost all areas (see chart).

    Governance and trade-related barriers are two areas where gaps are large. Similarly, credit and capital markets remain underdeveloped notwithstanding healthy banking sectors.

    These gaps limit growth potential but can be addressed with limited fiscal costs. Targeted reforms could unlock investment and long-term competitiveness gains.

    Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

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

    https://www.imf.org/en/News/Articles/2025/02/26/022625-Alfred-Amsterdam

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Welch Delivers Remarks on Trump’s National Energy Emergency: “The president is going all in on fossil fuels and casting aside the opportunities that come with clean energy.” 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), Ranking Member of the Senate Agriculture Subcommittee on Rural Development, Energy, and Credit, today joined his colleagues on the Senate floor to slam President Trump’s Executive Order declaring a national energy emergency, which will kill jobs in the clean energy sector that are vital to producing less expensive power. In his remarks, Senator Welch highlighted how the President’s Executive Order undermines Congress’ authority and the system of checks and balances. 
    “There’s only two explanations that explain the actions of the administration. One is they just favor fossil fuels, no matter what. A lot of truth to that. The other is there’s a lack of confidence on the administration about the capacity of the American people, the American innovators, the American entrepreneurs to take full advantage of solving the issue of climate change by building out clean energy by doing efficiency. That really, really works. And you know, a confident person, a confident country, doesn’t deny problems exist. They acknowledge them, face them squarely, and then solve them. And in the process of doing that, they all end up better and you have a stronger economy as well,” said Senator Welch.  
    “So, there is no emergency. We must stand first for the separation of powers and the authority of Congress and not allow us to be stripped of that by an executive. And second, we have to have a wise policy that is going to create jobs to be sustainable for our economy and for our future.” 
    Watch Senator Welch’s speech below: 

    Read the Senator’s remarks as delivered here. 
    Learn more about Senator Welch’s work by visiting his website or by following him on social media. 

    MIL OSI USA News –

  • MIL-OSI Australia: ACCC authorises major supermarkets to continue cooperation on soft plastics recycling

    Source: Australian Competition and Consumer Commission

    The ACCC has granted authorisation with conditions to the major supermarkets Coles Group, Woolworths Group and ALDI Stores, to continue their collaboration to recycle stockpiled soft plastics and implement the pilot in-store collection program until 31 July 2026.

    The ACCC first authorised this collaboration granting interim authorisation in November 2022, following the collapse of REDcycle, which operated a nationwide soft plastics collection and recycling program.

    “Our decision today allows the supermarkets to continue working together to process the remaining REDcycle legacy stockpiles,” ACCC Deputy Chair Mick Keogh said.

    “Whilst it is encouraging to see that some progress is now being made as processing capacity improves, the ACCC expects that the supermarkets will continue to prioritise stockpile remediation efforts to prevent further delays.”

    The ACCC has decided to impose the same reporting conditions as the previous authorisation, requiring the major supermarkets to provide the ACCC with quarterly progress reports and minutes of each meeting of the Soft Plastics Taskforce. These reports and minutes will be published on the ACCC’s public register.

    It is also a condition that all arrangements must immediately stop when the authorisation expires or is revoked.

    “This is a significant issue for many consumers, so continued transparency about what progress the supermarkets are making in their processing of the soft plastic stockpiles is important,” Mr Keogh said.

    Authorisation will also allow the soft plastics instore collection pilot program to continue operating in Victoria and New South Wales and expand to other areas.

    “It has been encouraging to see the pilot program expand under the current interim authorisation,” Mr Keogh said.

    “Whilst we recognise that further expansion needs to be in line with available processing capacity, the ACCC expects that the supermarkets will continue with some urgency to expand these operations so that more consumers have the option of recycling their soft plastics.”

    The ACCC’s authorisation is also subject to a new condition to prevent the major supermarkets from restricting recycling or logistic providers from supplying services to another customer.

    Following the ACCC’s draft determination proposing to grant authorisation in December 2024, the ACCC received a small number of submissions, some of which were supportive while others called for broader involvement of the supermarkets in developing industry solutions to soft plastics.

    The ACCC understands that any long-term soft plastics solution, whether in the form of an industry-led stewardship scheme or otherwise, is likely to be the subject of a separate, future application for authorisation and considers that the proposed conditions by interested parties are outside the scope of this authorisation.

    Today’s authorisation does not include authorisation for any conduct of the supermarkets and their program partners with respect to any proposed stewardship scheme.

    More information about the application including a copy of the decision is available here on  the ACCC’s website.

    Note to editors

    ACCC authorisation provides statutory protection from court action for conduct that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act (CCA).

    Section 91 of the CCA allows the ACCC to grant interim authorisation when it considers it is appropriate and in the public benefit. This allows the parties to engage in proposed conduct while the ACCC is considering the merits of the substantive CCA authorisation application.

    Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.

    Background

    REDcycle was an industry-led return-to-store soft plastics collection and recycling program developed and operated by RG Programs and Services Pty Ltd. The major supermarkets partnered with REDcycle to provide collection points for consumers to return their soft plastics instore for collection by REDcycle for processing into durable recycled plastic products.

    On 8 November 2022, REDcycle announced the indefinite suspension of its soft plastics collection program as its recycling partners had temporarily stopped accepting and processing soft plastics. Following REDcycle’s announcement, Coles and Woolworths each announced the suspension of soft plastic collections from their stores until further notice.

    The supermarkets sought authorisation from the ACCC in November 2022 to enable them to collaborate to consider and develop solutions for the recycling of soft plastics. The ACCC’s interim authorisation on 25 November 2022 led to the establishment of the Soft Plastics Taskforce, chaired by the Department of Climate Change, Energy, the Environment and Water.

    On 26 February 2023, the supermarkets assumed responsibility for the REDcycle stockpiles. It was later reported that approximately 11,000 tonnes of soft plastics had been stockpiled in over 44 locations. REDcycle’s parent company was declared insolvent on 27 February 2023 with a liquidator appointed.

    The ACCC granted authorisation on 30 June 2023 for a period of 12 months to allow the supermarkets to collaborate with the Soft Plastics Task force to process the soft plastic stockpiles.

    On 18 July 2024, the ACCC granted interim authorisation for substantially the same conduct authorised on 30 June 2023 while the ACCC considered the merits of the substantive application.

    As part of the authorisation the supermarkets must submit a quarterly progress report to the ACCC. The 22 January 2025 Progress Report provided by the supermarkets details the level of stockpiles remaining in each state and territory:

    • Victoria current stockpiles are approximately 2,200 tonnes
    • NSW current stockpiles are approximately 1,700 tonnes
    • South Australia current stockpiles are approximately 3,500 tonnes

    Processing of stockpiles in Queensland and Western Australia has been completed.

    The supermarkets report that as at end of December 2024, 45 tonnes of soft plastics have been collected through the instore collection pilot program, which is now operating in 107 stores across New South Wales and Victoria.

    MIL OSI News –

  • MIL-OSI Australia: Appointments to National Gallery of Australia Council

    Source: Australian Ministers for Regional Development

    The Australian Government has appointed Mrs Penny Fowler AM and Mr Jay Weatherill AO and reappointed Ms Ilana Atlas AO as members of the Council of the National Gallery of Australia for three-year terms.

    The Council is responsible for overseeing the Gallery’s strategic and organisational goals and positioning it for the future so it can continue to deliver on its aim to inspire all Australians through art.

    Minister for the Arts, Tony Burke, congratulated the new and returning appointees.

    “Ilana has been serving on the Council since 2022 and was appointed as Deputy Chair by the Council in November 2023 and we’re thankful she’s agreed to continuing lending her talents. 

    “I’d also like to welcome Jay and Penny. As former Premier of South Australia and Minister for the Arts, Jay was a strong advocate for the sector and will be an excellent addition to the board. 

    “Penny has been the Chair of the National Portrait Gallery Board and understands the important role institutions have in preserving and showcasing some of our nation’s greatest treasures.”

    The National Gallery is dedicated to collecting, sharing and celebrating art from Australia and the world. It is home to the country’s most valuable collection of art, with 155,000 works worth around $7 billion. This includes the world’s largest collection of Aboriginal and Torres Strait Islander art.

    Ms Ilana Atlas AO has served on the National Gallery of Australia Council since March 2022 and was elected Deputy Chair by Council members in November 2023. She is Chair of Jarwun Limited and Scentre Group Limited and is a non-executive director of Origin Energy Limited, the Paul Ramsay Foundation and is also a Panel Member of Adara Partners and a director of Adara Development. Her previous non-executive director roles include Chairman of the Bell Shakespeare Company and Coca-Cola Amatil Limited and Director of ANZ Banking Group and the Human Rights Law Centre. Prior to serving on these Boards, Ms Atlas had a 10 year career at Westpac. Ms Atlas was also a partner in law firm Mallesons Stephen Jaques (now known as King & Wood Mallesons). In 2020 she was appointed an Officer of the Order of Australia for distinguished service to the financial and manufacturing sectors, to education, and to the arts.

    Mr Jay Weatherill AO is the former Premier of South Australia from 2011 to 2018. He currently leads the Thrive by Five campaign within the Minderoo Foundation and is an Ambassador for Reggio Children. He will soon join the Susan McKinnon Foundation pursuing their democracy reform agenda. Previously Mr Weatherill worked as a lawyer between 1987 to 1995 becoming the founder and principal  of his own firm between 1995 and 2002. In 2002 he became a member for the Parliament of South Australia and later Premier where he oversaw various portfolios including Minister for the Arts. Following his term Mr Weatherill became an Industry Professor at the University of South Australia from 2019 to 2024. He serves on several government and industry and philanthropic boards. In 2021 Mr Weatherill was appointed an Officer of the Order of Australia for distinguished service to the people and Parliament of South Australia, particularly as Premier, and to early childhood and tertiary education.

    Mrs Penny Fowler AM is Chairman of the Herald & Weekly Times and is News Corp Australia’s Community Ambassador. Mrs Fowler has been a member of the National Portrait Gallery Board since March 2016 and served as Chair since January 2022 (her term will end on 8 March 2025). She chairs the Royal Children’s Hospital Good Friday Appeal, the Royal Botanic Gardens Victoria and the Tourism Australia Board. She is also on the Advisory Board of Visy/Pratt USA and is a board member of Tech Mahindra & the Bank of Melbourne (St. George) Foundation. Mrs Fowler is a member of Chief Executive Women and an Ambassador for the Australian Indigenous Education Foundation and SecondBite. In 2024 Mrs Fowler was appointed a Member of the Order of Australia for significant service to the community through a range of organisations.

    MIL OSI News –

  • MIL-OSI Australia: Australian Deputy PM: Appointments to National Gallery of Australia Council

    Source: Minister of Infrastructure

    The Australian Government has appointed Mrs Penny Fowler AM and Mr Jay Weatherill AO and reappointed Ms Ilana Atlas AO as members of the Council of the National Gallery of Australia for three-year terms.

    The Council is responsible for overseeing the Gallery’s strategic and organisational goals and positioning it for the future so it can continue to deliver on its aim to inspire all Australians through art.

    Minister for the Arts, Tony Burke, congratulated the new and returning appointees.

    “Ilana has been serving on the Council since 2022 and was appointed as Deputy Chair by the Council in November 2023 and we’re thankful she’s agreed to continuing lending her talents. 

    “I’d also like to welcome Jay and Penny. As former Premier of South Australia and Minister for the Arts, Jay was a strong advocate for the sector and will be an excellent addition to the board. 

    “Penny has been the Chair of the National Portrait Gallery Board and understands the important role institutions have in preserving and showcasing some of our nation’s greatest treasures.”

    The National Gallery is dedicated to collecting, sharing and celebrating art from Australia and the world. It is home to the country’s most valuable collection of art, with 155,000 works worth around $7 billion. This includes the world’s largest collection of Aboriginal and Torres Strait Islander art.

    Ms Ilana Atlas AO has served on the National Gallery of Australia Council since March 2022 and was elected Deputy Chair by Council members in November 2023. She is Chair of Jarwun Limited and Scentre Group Limited and is a non-executive director of Origin Energy Limited, the Paul Ramsay Foundation and is also a Panel Member of Adara Partners and a director of Adara Development. Her previous non-executive director roles include Chairman of the Bell Shakespeare Company and Coca-Cola Amatil Limited and Director of ANZ Banking Group and the Human Rights Law Centre. Prior to serving on these Boards, Ms Atlas had a 10 year career at Westpac. Ms Atlas was also a partner in law firm Mallesons Stephen Jaques (now known as King & Wood Mallesons). In 2020 she was appointed an Officer of the Order of Australia for distinguished service to the financial and manufacturing sectors, to education, and to the arts.

    Mr Jay Weatherill AO is the former Premier of South Australia from 2011 to 2018. He currently leads the Thrive by Five campaign within the Minderoo Foundation and is an Ambassador for Reggio Children. He will soon join the Susan McKinnon Foundation pursuing their democracy reform agenda. Previously Mr Weatherill worked as a lawyer between 1987 to 1995 becoming the founder and principal  of his own firm between 1995 and 2002. In 2002 he became a member for the Parliament of South Australia and later Premier where he oversaw various portfolios including Minister for the Arts. Following his term Mr Weatherill became an Industry Professor at the University of South Australia from 2019 to 2024. He serves on several government and industry and philanthropic boards. In 2021 Mr Weatherill was appointed an Officer of the Order of Australia for distinguished service to the people and Parliament of South Australia, particularly as Premier, and to early childhood and tertiary education.

    Mrs Penny Fowler AM is Chairman of the Herald & Weekly Times and is News Corp Australia’s Community Ambassador. Mrs Fowler has been a member of the National Portrait Gallery Board since March 2016 and served as Chair since January 2022 (her term will end on 8 March 2025). She chairs the Royal Children’s Hospital Good Friday Appeal, the Royal Botanic Gardens Victoria and the Tourism Australia Board. She is also on the Advisory Board of Visy/Pratt USA and is a board member of Tech Mahindra & the Bank of Melbourne (St. George) Foundation. Mrs Fowler is a member of Chief Executive Women and an Ambassador for the Australian Indigenous Education Foundation and SecondBite. In 2024 Mrs Fowler was appointed a Member of the Order of Australia for significant service to the community through a range of organisations.

    MIL OSI News –

  • MIL-OSI USA: Secretary Wright Emphasizes Importance of AI Leadership, Nuclear Modernization in Visit to Los Alamos and Sandia

    Source: US Department of Energy

    ALBUQUERQUE, NM – U.S. Secretary of Energy released the following statement after visiting Los Alamos National Laboratory yesterday and Sandia National Laboratories in New Mexico earlier today.

    “It was an honor to visit Los Alamos and Sandia National Laboratories, two institutions with rich histories in the development of American nuclear deterrence and essential roles in our future energy innovation,” said Secretary Wright. “I look forward to working closely with the scientists and engineers of Sandia and Los Alamos to modernize our nuclear weapons systems, unleash American nuclear energy, and ensure America continues to lead the world in scientific and technical innovation.

    “More than 70 years ago, these labs played an important role in the greatest scientific and engineering concerted effort in history: the Manhattan Project. Today, we are again calling on the brilliant minds of our great nation to win the next race: AI. This rapidly evolving technology will have enormous impacts on our national security, and President Trump and I remain committed to leveraging our nation’s unparalleled research and development infrastructure to win this great power competition.”

    IN CASE YOU MISSED IT:

    Albuquerque Journal: New Mexico’s National Labs Will Play an Essential Role in Unleashing American Energy

    By U.S. Secretary of Energy Chris Wright

    February 25, 2025

    “One of our country’s greatest assets and an envy of the world is the Department of Energy’s network of 17 National Laboratories. For over half a century, these labs have delivered groundbreaking advancements in technology and science, ensuring our nation’s security, preventing and ending wars, and playing a pivotal role in making America the most prosperous nation on earth.

    “As the nation’s Secretary of Energy and the leader of the department responsible for overseeing these labs, I am incredibly excited to be in New Mexico to visit Los Alamos National Laboratory and Sandia National Laboratories in Albuquerque – two institutions with rich histories in the development of American nuclear deterrence and essential roles in our future energy innovation.

    “President Trump and I are united by a shared passion for energy and a simple, yet powerful vision: American energy is essential to our country’s security, the well-being of our citizens, and lives of people around the world. We want to unleash American Energy.

    “My passion for energy began with a youthful fascination with astronomy, and a curiosity as to what powers stars? Energy from nuclear fusion was the answer. Can nuclear forces only be unleashed in the center of stars, or can they be harnessed right here on earth? That question was answered right here in New Mexico.

    “As World War II raged, nuclear physics continued to rapidly advance, raising concerns that Nazi Germany might be the first to harness nuclear energy in the form of a highly destructive bomb. That was a threat too great to fathom. The answer was the greatest scientific and engineering concerted effort in history: the Manhattan Project.

    “That historic effort involved bringing the world’s greatest scientists and engineers together in Los Alamos for a frantic, secret, patriotic effort to develop, build, test and deploy nuclear weapons to win the war and the subsequent peace. This stunning effort was led by General Leslie Groves and scientific lead, physicist J. Robert Oppenheimer.

    “The development of nuclear technology and the weapons at Los Alamos, along with the work of our other laboratories around the country, changed the world. The United States secured the ultimate guarantor of our nation’s sovereignty, ensuring victory in World War II, maintaining peace for decades afterward, and ultimately triumphing in the Cold War.

    . . .

    “The responsible stewardship and modernization of the nation’s nuclear weapons systems is a top priority for the Department of Energy and this administration – alongside unleashing an American renaissance in affordable, abundant commercial nuclear energy.

    “President Trump and I are committed to leveraging our nation’s unparalleled research and development infrastructure to reduce costs for American families, strengthen the reliability of our energy system, and bolster U.S. manufacturing competitiveness and supply chain security. Our efforts will focus on advancing affordable, reliable, and secure energy technologies, which includes nuclear.

    “Just as the patriotic collaborations helped shape history over 70 years ago, the United States is once again calling on its brightest minds to drive this mission.

    “The golden era of American energy dominance is upon us. I look forward to working alongside your communities to seize this moment and secure our nation’s future.”

    MIL OSI USA News –

  • MIL-OSI USA: Angola Country Analysis Brief

    Source: US Energy Information Administration

    Petroleum & Other Liquids

    Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids.

    Natural Gas

    Exploration and reserves, storage, imports and exports, production, prices, sales.

    Electricity

    Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions.

    Coal

    Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports.

    Total Energy

    Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources.

    MIL OSI USA News –

  • MIL-OSI Global: We need to switch to heat pumps fast – but can they can overcome this problem?

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

    StockMediaSeller/Shutterstock

    People in the UK need to adopt heat pumps and electric vehicles as fast as they once embraced refrigerators, mobile phones and internet connection according to a new report by the Climate Change Committee (CCC).

    This government watchdog says the next 15 years will be critical for decarbonising the UK, one of the world’s largest (and earliest) carbon polluters. Eighty-seven percent of its climate-heating emissions must be eliminated by 2040 to keep the country on track for net zero emissions by mid-century, per the report. The majority (60%) of these cuts are expected to come via a single source: electricity.

    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.

    Out of possible alternatives to a fossil fuelled economy, electrification has emerged as the favoured solution of experts at the CCC.

    Ran Boydell, an associate professor in sustainable development at Heriot-Watt University, agrees. “Home boilers will very soon move into the realm of nostalgia,” he says.



    Read more:
    UK ban on boilers in new homes rules out hydrogen as a heating source

    The reason why heat pumps are increasingly touted as the future of home heating – and not retooled boilers that burn hydrogen instead of methane – is efficiency.

    Boydell points out that green hydrogen fuel is made using electricity from solar and wind farms. We could eliminate emissions a lot quicker, he argues, if that electricity went directly to heat pumps instead.

    Electricity can be turned into a fuel – or power appliances directly.
    Piyaset/Shutterstock

    “This is because you end up with only two-thirds of the energy in the hydrogen that you started with from the electricity,” he says.

    Likewise, battery-powered vehicles have an advantage that has allowed them to race ahead of hydrogen fuel cells to comprise almost a fifth of all new vehicles sold in the UK in 2024.

    “An electric vehicle can be recharged wherever there is access to a plug socket,” say Tom Stacey and Chris Ivory, supply chain experts at Anglia Ruskin University. “The infrastructure that exists to support hydrogen vehicles is limited in comparison and will require extensive investment to introduce.”



    Read more:
    The days of the hydrogen car are already over

    If the route to zero emissions is largely settled, we need to travel it quickly.

    Electric dreams

    One of the fastest energy transitions in history occurred over a decade in South Korea, according to energy system researchers James Price and Steve Pye (UCL). Between 1977 and 1987, the generation of electricity from oil in the east Asian country collapsed – from roughly 7 million gigawatt-hours to nearly 7,000 – and was replaced with, among other sources, nuclear power.

    There are historic analogues for the rapid shift necessary to arrest climate change. But a zero-carbon power sector, which the UK government aims to achieve by 2030, is just the start.



    Read more:
    For developing world to quit coal, rich countries must eliminate oil and gas faster – new study

    “Wind and solar, which provide more than 28% of the UK’s electricity, will soon overtake gas as the main generation source as more wind farms come online,” say energy system modeller Andrew Crossland and engineer Jon Gluyas, both of Durham University.

    “But successive governments have failed to achieve the same result in homes and communities where so much high-carbon gas is burned, despite their decarbonisation being critical to net zero.”



    Read more:
    Is Britain on track for a zero-carbon power sector in six years?

    Crossland and Gluyas note that solar panels, batteries and heat pumps can be installed “in days” to rapidly cut emissions, and that doing so would create “skilled jobs across the country”. As things stand, however, it would also present a severe challenge to the grid.

    Mechanical engineer Florimond Gueniat of Birmingham City University predicts that converting UK transport to battery power wholesale would require expanding grid capacity by 46% – the equivalent of erecting 5,800 skyscraper-sized wind turbines. And that’s even accounting for the greater efficiency of electric vehicles, which waste less of the energy we put into them compared with oil-powered cars.



    Read more:
    Switching to electric vehicles will push the power grid to the brink

    A massive upgrade to the electricity network is needed, and ordinary people have a part to play. Charging cars could serve as batteries that grid operators draw from during a supply pinch. The same goes for the power generated by solar panels on top of houses.

    “Such policies in Germany have … already offset 10% of the national demand,” says Gueniat.

    Getting to net zero requires the public’s involvement. But some of the CCC’s advice may be difficult to swallow. Not least the implication that people will have to eat 35% less meat and dairy in 2050 compared with 2019.



    Read more:
    The UK must make big changes to its diets, farming and land use to hit net zero – official climate advisers

    So are people ready for a world that runs on electrons alone? Aimee Ambrose, a professor of energy policy at Sheffield Hallam University, thinks heat pumps will struggle to compete with the inviting warmth of wood stoves and coal fires. Over three years she spoke with hundreds of people in the UK, Finland, Sweden and Romania and found strong attachments to high-carbon fuels even among people committed to solving climate change.

    The allure of the wood stove is hard to ignore.
    Jaromir Chalabala/Shutterstock



    Read more:
    Heat pumps have a cosiness problem

    Human behaviour is the most difficult variable for experts who study climate change to model. There will certainly be drawbacks to abandoning fossil fuelled conveniences at breakneck speed. Yet, there are bound to be benefits too – some of which might only materialise once we get going.

    In mid-April 2020, while much of humanity was under some form of lockdown to halt the spread of COVID-19, atmospheric chemist Paul Monks of the University of Leicester was marvelling at the sudden drop in air pollution, which kills millions of people each year and is predominantly caused by burning coal, oil and gas.

    “If there is something positive to take from this terrible crisis, it could be that it’s offered a taste of the air we might breathe in a low-carbon future,” he said.



    Read more:
    Coronavirus: lockdown’s effect on air pollution provides rare glimpse of low-carbon future

    – ref. We need to switch to heat pumps fast – but can they can overcome this problem? – https://theconversation.com/we-need-to-switch-to-heat-pumps-fast-but-can-they-can-overcome-this-problem-249658

    MIL OSI – Global Reports –

  • MIL-OSI USA: Kennedy condemns Biden admin for doling out $2B to Abrams-backed climate change organization

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)

    Watch Kennedy’s comments here.

    WASHINGTON – Sen. John Kennedy (R-La.), in a speech on the Senate floor, questioned how a six-month-old nonprofit with $100 in the bank and ties to former Georgia gubernatorial candidate Stacey Abrams was able to secure a $2 billion climate change grant from President Biden’s Environmental Protection Agency (EPA).

    Key excerpts of the speech are below:

    “I try to see the world from other people’s bell towers as much as I can, but I cannot come up, not for the life of me, with a single rational justification as to why the EPA under the Biden administration thought it was appropriate to give Power Forward and Rewiring America—two brand new nonprofits with no business experience, no accomplishments according to the IRS forms, and only 100 bucks in the bank—to give them $2 billion of taxpayer money, especially to the exclusion of every other qualified applicant for that money, if there were any other qualified applicants.”

    . . .

    “The average Louisianian, because of President Biden’s inflation, had to spend an extra $890 a month—extra—for food and clothing and car notes, and they didn’t get an $890-a-month raise.

    “President Biden and my Democratic colleagues told us that the Inflation Reduction Act—I remember when it was passed. They said: ‘If you spend $1.2 trillion on the Inflation Reduction Act, it will be a lifeline to every family in America.’ That is not what it looks like to me. It is starting to look like to me that it was really a slush fund—a slush fund for Washington insiders.”

    . . .

    “Now, this is just the beginning of the type of spending porn that President Trump and Mr. [Elon] Musk are uncovering that people are screaming about. I am going to repeat what I started with: There is nothing wrong with wanting to know what they do and did with our money, and that is all President Trump and Mr. Musk are doing.”

    Background

    • In April 2024, President Biden’s EPA announced the award of a $2 billion federal grant to Power Forward Communities through the Inflation Reduction Act’s Green House Gas Reduction Fund. The grant was to help homes transition from gas appliances to electric.
    • Power Forward Communities formed in Oct. 2023 as a coalition of nonprofits, including Habitat for Humanity International, United Way Worldwide, and Rewiring America. According to its tax filings, Power Forward Communities had just $100 in revenues in 2023.
    • Rewiring America similarly formed in 2023. Abrams joined the nonprofit in March 2023 as senior counsel. The organization stated in its tax filings that 2023 was a “startup year for the organization.” Rewiring America’s only listed accomplishment was that it had “joined a coalition of other national organizations to apply for a grant from the Inflation Reduction Act’s Greenhouse Gas Reduction Fund.”
    • EPA Administrator Lee Zeldin has pledged to claw back more than $20 billion in improper Inflation Reduction Act grants, including the $2 billion to Power Forward Communities.

    Watch Kennedy’s full speech here.

    MIL OSI USA News –