Category: Energy

MIL-OSI: Northrim BanCorp Earns $10.9 Million, or $1.95 Per Diluted Share, in Fourth Quarter 2024, and $37.0 Million, or $6.62 Per Diluted Share, for the Year Ended December 31, 2024

Source: GlobeNewswire (MIL-OSI)

ANCHORAGE, Alaska, Jan. 24, 2025 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $10.9 million, or $1.95 per diluted share, in the fourth quarter of 2024, compared to $8.8 million, or $1.57 per diluted share, in the third quarter of 2024, and $6.6 million, or $1.19 per diluted share, in the fourth quarter a year ago. The increase in the fourth quarter of 2024 compared to the third quarter of 2024 is primarily due to an increase in purchased receivable income due to the Company’s acquisition of Sallyport Commercial Finance, LLC (“Sallyport”), which was completed on October 31, 2024. Sallyport and its direct and indirect subsidiaries provide services and products related to factoring and asset-based lending in the United States, Canada, and the United Kingdom. Additionally, in the fourth quarter of 2024 the Company had an increase in mortgage banking income, primarily as a result of an increase in the fair value of a mortgage servicing portfolio that the Company purchased from another financial institution in the fourth quarter. The increase profitability in the fourth quarter of 2024 as compared to the same quarter of the prior year was largely driven by an increase in mortgage banking income and higher net interest income, as well as an increase in purchased receivable income as noted above, which was only partially offset by higher other operating expenses and an increase in the provision for credit losses.

Net income for the full year of 2024 increased 46% to $37.0 million, or $6.62 per diluted share, compared to $25.4 million, or $4.49 per diluted share, for the full year of 2023. Increased net interest income resulting from loan and deposit growth supported 2024 earnings in the Community Banking segment but were offset by increases in other operating expenses, primarily in salaries and other personnel expense as the Company continued to expand its branch network into new markets in Alaska. An increase in mortgage originations and an increase in the fair value of mortgage servicing rights resulted in net income of $4.4 million in the Home Mortgage Lending segment in 2024 compared to a $2.5 million loss in 2023.

Dividends per share in the fourth quarter of 2024 remained consistent with the third quarter of 2024 at $0.62 per share and increased from $0.60 per share in the fourth quarter of 2023.

“Northrim reported record core earnings in 2024 and record earnings per share in the fourth quarter,” said Mike Huston, Northrim’s President and Chief Executive Officer. “We are pleased with our results as we continue to focus on profitable growth. In the last five years Northrim’s deposit market share in Alaska has increased from 11% to 16%, loans and deposits have increased by almost 100%, and net interest income has increased by 60%.”

“2024 results were also supported by an improvement in mortgage banking income,” continued Mr. Huston. “We believe the acquisition of Sallyport in the fourth quarter will further diversify fee income and provide attractive risk-adjusted returns to Northrim shareholders.”

Fourth Quarter 2024 Highlights:

Net interest income in the fourth quarter of 2024 increased 7% to $30.8 million compared to $28.8 million in the third quarter of 2024 and increased 15% compared to $26.7 million in the fourth quarter of 2023.
Net interest margin on a tax equivalent basis (“NIMTE”)^* was 4.47% for the fourth quarter of 2024, a 12-basis point increase from the third quarter of 2024 and a 35-basis point increase compared to the fourth quarter of 2023.
Return on average assets (“ROAA”) was 1.43% and return on average equity (“ROAE”) was 16.32% for the fourth quarter of 2024.
Portfolio loans were $2.13 billion at December 31, 2024, up 6% from the preceding quarter and up 19% from a year ago, primarily due to new customer relationships, expanding market share, and to retaining certain mortgage loans originated by Residential Mortgage, a subsidiary of Northrim Bank (the “Bank”), in the loan portfolio.
Total deposits were $2.68 billion at December 31, 2024, up 2% from the preceding quarter, and up 8% from $2.49 billion a year ago. Noninterest bearing demand deposits represented 27% of total deposits at December 31, 2024, down from 29% at September 30, 2024 and 31% at December 31, 2023.
Total assets at December 31, 2024 exceeded $3 billion for the first time.
The average cost of interest-bearing deposits was 2.15% in the fourth quarter of 2024, down from 2.24% in the third quarter of 2024 and up from 2.00% in the fourth quarter a year ago.
Acquired Sallyport for approximately $53.9 million (approximately $47.9 million in cash and $6 million in an earn-out payable over 3 years) on October 31, 2024.


Financial Highlights	Three Months Ended
(Dollars in thousands, except per share data)	December 31, 2024		September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023
Total assets	$3,041,869		$2,963,392		$2,821,668		$2,759,560		$2,807,497
Total portfolio loans	$2,129,263		$2,007,565		$1,875,907		$1,811,135		$1,789,497
Total deposits	$2,680,189		$2,625,567		$2,463,806		$2,434,083		$2,485,055
Total shareholders’ equity	$267,116		$260,050		$247,200		$239,327		$234,718
Net income	$10,927		$8,825		$9,020		$8,199		$6,613
Diluted earnings per share	$1.95		$1.57		$1.62		$1.48		$1.19
Return on average assets	1.43	%	1.22	%	1.31	%	1.19	%	0.93	%
Return on average shareholders’ equity	16.32	%	13.69	%	14.84	%	13.84	%	11.36	%
NIM	4.41	%	4.29	%	4.24	%	4.16	%	4.06	%
NIMTE^*	4.47	%	4.35	%	4.30	%	4.22	%	4.12	%
Efficiency ratio	66.96	%	66.11	%	68.78	%	68.93	%	72.21	%
Total shareholders’ equity/total assets	8.78	%	8.78	%	8.76	%	8.67	%	8.36	%
Tangible common equity/tangible assets^*	7.23	%	8.28	%	8.24	%	8.14	%	7.84	%
Book value per share	$48.41		$47.27		$44.93		$43.52		$42.57
Tangible book value per share^*	$39.17		$44.36		$42.03		$40.61		$39.68
Dividends per share	$0.62		$0.62		$0.61		$0.61		$0.60
Common shares outstanding	5,518,210		5,501,943		5,501,562		5,499,578		5,513,459

^* References to NIMTE, tangible book value per share, and tangible common equity to tangible common assets, (all of which exclude intangible assets) represent non-GAAP financial measures. Management has presented these non-GAAP measurements in this earnings release, because it believes these measures are useful to investors. Please refer to the end of this release for reconciliations of these non-GAAP financial measures to GAAP financial measures.

Alaska Economic Update
(Note: sources for information in this section are listed on page 13.)

The Alaska Department of Labor (“DOL”) has reported Alaska’s seasonally adjusted unemployment rate in November 2024 was 4.6% compared to the U.S. rate of 4.2%. The total number of payroll jobs in Alaska, not including uniformed military, increased 2.4% or 7,700 jobs between November 2023 and November 2024.

According to the DOL, Construction had the largest growth in new jobs in Alaska through November compared to the prior year. The Construction sector added 2,100 positions for a year over year growth rate of 12.7% in November 2024. The larger Health Care sector grew by 1,500 jobs for an annual growth rate of 3.7%. The Oil & Gas sector increased by 9.2% or 700 new direct jobs. Transportation, Warehousing and Utilities added 1,000 jobs for a 4.5% growth rate. Professional and Business Services increased 700 jobs year over year through November 2024, up 2.5%.

The Government sector grew by 1,200 jobs for 1.5% growth, adding 100 Federal jobs, 800 State and 300 Local government positions in Alaska over the same period. Declining sectors between November 2023 and November 2024 were Manufacturing (primarily seafood processing) shrinking 500 jobs (-6.6%), Information, down 100 jobs (-2.2%), and Retail lost 100 jobs (-0.3%).

Alaska’s Gross State Product (“GSP”) in the third quarter of 2024, exceeded $70 billion for the first time, and is estimated to be $70.1 billion in current dollars, according to the Federal Bureau of Economic Analysis (“BEA”). Alaska’s inflation adjusted “real” GSP increased 6.5% in 2023, placing Alaska fifth best of all 50 states. In the third quarter of 2024 Alaska GSP increased at an annualized rate of 2.2%, compared to the average U.S. growth rate of 3.1%. Alaska’s real GSP improvement in the third quarter of 2024 was primarily caused by growth in the Health Care, Trade, Transportation and Warehousing sectors.

The BEA also calculated Alaska’s seasonally adjusted personal income at $55.7 billion in the third quarter of 2024. This was an annualized improvement in the third quarter of 3.3% for Alaska, compared to the national average of 3.2%. Alaska enjoyed an annual personal income improvement of 3.8% in 2023. The $445 million increase in personal income in the third quarter in Alaska came from a $310 million increase in net earnings from wages, $145 million growth in government transfer receipts (which grew in all 50 states), and a $10 million decrease in investment income.

The monthly average price of Alaska North Slope (“ANS”) crude oil was at an annual high of $89.05 in April 2024 and most recently averaged $72.50 in November 2024. The Alaska Department of Revenue (“DOR”) calculated ANS crude oil production was 461 thousand barrels per day (“bpd”) in Alaska’s fiscal year ending June 30, 2024 and is projected to increase to 467 thousand bpd in Alaska’s fiscal year 2025. The DOR expects production to continue to grow rapidly to 657 thousand bpd by fiscal year 2034. This is primarily a result of new production coming on-line in and around the NPR-A region west of Prudhoe Bay. A partnership between Santos and Repsol is constructing the new Pikka field and ConocoPhillips is reportedly developing the large new Willow field. There are also a number of smaller new fields in Alaska’s North Slope that are contributing to the State of Alaska’s production growth estimates.

According to the Alaska Multiple Listing Services, the average sales price of a single family home in Anchorage rose 6.2% in 2024 to $509,994, following a 5.2% increase in 2023. This was the seventh consecutive year of price increases.

The average sales price for single family homes in the Matanuska Susitna Borough rose 3.9% in 2024 to $412,907, after increasing 4% in 2023. This continues a trend of average price increases for more than a decade in the region. These two markets represent where the vast majority of the Bank’s residential lending activity occurs.

The Alaska Multiple Listing Services reported a 3.4% increase in the number of units sold in Anchorage when comparing 2024 to 2023. There was virtually no change in the number of homes sold in the Matanuska Susitna Borough, with only four fewer homes sold in 2024 than in 2023 or 0.2%.

Northrim Bank sponsors the Alaskanomics blog to provide news, analysis, and commentary on Alaska’s economy. Join the conversation at Alaskanomics.com, or for more information on the Alaska economy, visit: http://www.northrim.com and click on the “Business Banking” link and then click “Learn.” Information from our website is not incorporated into, and does not form, a part of this earnings release.

Review of Income Statement

Consolidated Income Statement

In the fourth quarter of 2024, Northrim generated a ROAA of 1.43% and a ROAE of 16.32%, compared to 1.22% and 13.69%, respectively, in the third quarter of 2024 and 0.93% and 11.36%, respectively, in the fourth quarter a year ago. For the year 2024, Northrim generated a ROAA of 1.29% and a ROAE of 14.70%, compared to 0.94% and 11.17% for 2023.

Net Interest Income/Net Interest Margin

Net interest income increased 7% to $30.8 million in the fourth quarter of 2024 compared to $28.8 million in the third quarter of 2024 and increased 15% compared to $26.7 million in the fourth quarter of 2023. Interest expense on deposits increased to $10.6 million in the fourth quarter compared to $10.1 million in the third quarter of 2024 and $8.7 million in the fourth quarter of 2023.

NIMTE^* was 4.47% in the fourth quarter of 2024 compared to 4.35% in the preceding quarter and 4.12% in the fourth quarter a year ago. NIMTE^* increased 12 basis points in the fourth quarter of 2024 compared to the prior quarter and 35 basis points compared to the fourth quarter of 2023 primarily due to a favorable change in the mix of earning-assets towards higher loan balances as a percentage of total earning-assets, higher earning-assets, and higher yields on those assets which were only partially offset by an increase in costs on interest-bearing deposits. The weighted average interest rate for new loans booked in the fourth quarter of 2024 was 7.23% compared to 7.24% in the third quarter of 2024 and 7.74% in the fourth quarter a year ago. The yield on the investment portfolio increased to 2.84% from 2.80% in the third quarter of 2024 and increased from 2.48% in the fourth quarter of 2023. “We are beginning to see improvements in our net interest margin as a result of lower deposit costs from the recent Fed interest rate cuts, in addition to the benefit of new loan volume and loan repricing driving our net interest margin to 4.47% for the fourth quarter,” said Jed Ballard, Chief Financial Officer. Northrim’s NIMTE^* continues to remain above the peer average of 3.16% posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 2024.

Provision for Credit Losses

Northrim recorded a provision for credit losses of $1.2 million in the fourth quarter of 2024, which includes a $125,000 provision for credit losses on purchased receivables, $107,000 benefit to the provision for credit losses on unfunded commitments, and a provision for credit losses on loans of $1.2 million. This compares to a provision for credit losses of $2.1 million in the third quarter of 2024, and a provision for credit losses of $885,000 in the fourth quarter a year ago. The $1.2 million provision for credit losses in the fourth quarter of 2024 is largely attributable to increases in loan and purchased receivable balances.

Nonperforming loans, net of government guarantees, increased during the quarter to $7.5 million at December 31, 2024, compared to $5.0 million at both September 30, 2024 and December 31, 2023.

The allowance for credit losses was 292% of nonperforming loans, net of government guarantees, at the end of the fourth quarter of 2024, compared to 394% three months earlier and 345% a year ago.

Other Operating Income

In addition to home mortgage lending, Northrim has interests in other businesses that complement its core community banking activities, including purchased receivables financing and wealth management. Other operating income contributed $13.0 million, or 30% of total fourth quarter 2024 revenues, as compared to $11.6 million, or 29% of revenues in the third quarter of 2024, and $6.5 million, or 20% of revenues in the fourth quarter of 2023. The increase in other operating income in the fourth quarter of 2024 as compared to the preceding quarter and the fourth quarter of 2023 is largely the result of higher purchased receivable income due to the acquisition of Sallyport. Additionally, other operating income in the fourth quarter of 2024 as compared to the fourth quarter a year ago increased due to an increase in mortgage banking income arising from higher volume of mortgage activity and an increase in the value of mortgage servicing rights. The changes in mortgage banking are discussed further in the Home Mortgage Lending section below.

Other Operating Expenses

Operating expenses were $29.4 million in the fourth quarter of 2024, compared to $26.7 million in the third quarter of 2024, and $24.0 million in the fourth quarter of 2023. The increase in other operating expenses in the fourth quarter of 2024 compared to the third quarter of 2024 and the fourth quarter a year ago is primarily due to an increase in salaries and other personnel expense, as well as increases in professional fees from one-time deal costs associated with the acquisition of Sallyport and insurance expense due to higher FDIC insurance costs due to the Company’s asset and net income growth.

Income Tax Provision

In the fourth quarter of 2024, Northrim recorded $2.4 million in state and federal income tax expense for an effective tax rate of 17.8%, compared to $2.8 million, or 24.2% in the third quarter of 2024 and $1.7 million, or 20.7% in the fourth quarter a year ago. For the year, Northrim recorded $10.0 million in state and federal income tax expense in 2024 for an effective tax rate of 21.3%, compared to $6.2 million, or 19.7% in 2023. The decrease in the tax rate in the fourth quarter of 2024 as compared to the third quarter of 2024 and the fourth quarter a year ago is primarily the result of increased tax benefits related to the Company’s investment in low income housing tax credits and the purchase of renewable energy tax credits.

Community Banking

In the most recent deposit market share data from the FDIC, Northrim’s deposit market share in Alaska increased to 15.66% of Alaska’s total deposits as of June 30, 2024 compared to 15.04% of Alaska’s total deposits as of June 30, 2023. This represents 62 basis points of growth in market share percentage for Northrim during that period while, according to the FDIC, the total deposits in Alaska were up 2.3% during the same period. Northrim opened a branch in Kodiak in the first quarter of 2023, a loan production office in Homer in the second quarter of 2023, a permanent branch in Nome in the third quarter of 2023, and a branch in Homer in the first quarter of 2024. See below for further discussion regarding the Company’s deposit movement for the quarter.

Northrim is committed to meeting the needs of the diverse communities in which it operates. As a testament to that support, the Bank has branches in four regions of Alaska identified by the Federal Reserve as “distressed or underserved non-metropolitan middle-income geographies”.

Net interest income in the Community Banking segment totaled $27.6 million in the fourth quarter of 2024, compared to $25.9 million in the third quarter of 2024 and $24.2 million in the fourth quarter of 2023. Net interest income increased in the fourth quarter of 2024 as compared to the third quarter of 2024 and the fourth quarter a year ago mostly due to increased interest income on loans that was only partially offset by higher interest expense on deposits.

The following table provides highlights of the Community Banking segment of Northrim:


	Three Months Ended
(Dollars in thousands, except per share data)	December 31, 2024	September 30, 2024	June 30, 2024		March 31, 2024	December 31, 2023
Net interest income	$27,643	$25,928	$24,318		$24,215	$24,221
Provision (benefit) for credit losses	771	1,492	(184	)	197	885
Other operating income	2,535	3,507	2,450		2,468	2,741
Other operating expense	19,116	18,723	18,068		17,177	18,158
Income before provision for income taxes	10,291	9,220	8,884		9,309	7,919
Provision for income taxes	1,474	2,133	1,786		1,966	1,604
Net income Community Banking segment	$8,817	$7,087	$7,098		$7,343	$6,315
Weighted average shares outstanding, diluted	5,597,889	5,583,055	5,558,580		5,554,930	5,578,491
Diluted earnings per share	$1.58	$1.26	$1.27		$1.32	$1.14

	Year Ended
(Dollars in thousands, except per share data)	December 31, 2024	December 31, 2023
Net interest income	$102,104	$95,555
Provision for credit losses	2,276	3,842
Other operating income	10,960	9,130
Other operating expense	73,085	69,253
Income before provision for income taxes	37,703	31,590
Provision for income taxes	7,359	6,175
Net income Community Banking segment	$30,344	$25,415
Weighted average shares outstanding, diluted	5,583,983	5,661,460
Diluted earnings per share	$5.43	$4.49

Home Mortgage Lending

During the fourth quarter of 2024, mortgage loans funded for sale decreased to $162.5 million, of which 89% was for home purchases, compared to $210.0 million and 94% of loans funded for home purchases in the third quarter of 2024, and increased as compared to $79.7 million, of which 96% was for home purchases in the fourth quarter of 2023.

During the fourth quarter of 2024, the Bank purchased Residential Mortgage-originated mortgage loans to hold on the Bank’s balance sheet of $23.4 million of which roughly two-thirds were jumbos and one-third were mortgages for second homes, with a weighted average interest rate of 6.30%, down from $38.1 million and 6.59% in the third quarter of 2024, and down from $27.1 million and 7.05% in the fourth quarter of 2023. Mortgage loans funded for investment has increased net interest income in the Home Mortgage Lending segment. Net interest income contributed $3.3 million to total revenue in the fourth quarter of 2024, up from $2.9 million in the prior quarter, and up from $2.3 million in the fourth quarter a year ago.

The Arizona, Colorado, and the Pacific Northwest mortgage expansion markets were responsible for 19% of Residential Mortgage’s $186 million total production in the fourth quarter of 2024, 20% of the $248 million total production in the third quarter of 2024, and 11% of the $107 million in total production in the fourth quarter of 2023.

The net change in fair value of mortgage servicing rights increased mortgage banking income by $873,000 during the fourth quarter of 2024 compared to a decrease of $968,000 for the third quarter of 2024 and a decrease of $1.0 million for the fourth quarter of 2023. In the fourth quarter of 2024, the Bank purchased an Alaska Housing Finance Corporation (AHFC) servicing portfolio from another financial institution for $2.3 million. At December 31, 2024, this servicing portfolio was valued at $3.1 million resulting in a $750,000 increase in fair value. Mortgage servicing revenue increased to $2.8 million in the fourth quarter of 2024 from $2.6 million in the prior quarter and increased from $2.2 million in the fourth quarter of 2023 due to an increase in production of AHFC mortgages, which contribute to servicing revenues at origination. In the fourth quarter of 2024, the Company’s mortgage servicing portfolio increased to $294.1 million, which includes the purchase of the AHFC servicing portfolio of $235.6 million, $86.3 million in new mortgage loans, net of amortization and payoffs of $27.8 million as compared to a net increase of $64.8 million in the third quarter of 2024 and $62.4 million in the fourth quarter of 2023.

As of December 31, 2024, Northrim serviced 6,378 loans in its $1.46 billion home mortgage servicing portfolio, a 25% increase compared to the $1.17 billion serviced as of the end of the third quarter of 2024, and a 40% increase from the $1.04 billion serviced a year ago.

The following table provides highlights of the Home Mortgage Lending segment of Northrim:


	Three Months Ended
(Dollars in thousands, except per share data)	December 31, 2024		September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023
Mortgage loan commitments	$32,299		$77,591		$88,006		$56,208		$22,926

Mortgage loans funded for sale	$162,530		$209,960		$152,339		$84,324		$79,742
Mortgage loans funded for investment	23,380		38,087		29,175		17,403		27,114
Total mortgage loans funded	$185,910		$248,047		$181,514		$101,727		$106,856
Mortgage loan refinances to total fundings	11	%	6	%	6	%	4	%	4	%
Mortgage loans serviced for others	$1,460,720		$1,166,585		$1,101,800		$1,060,007		$1,044,516

Net realized gains on mortgage loans sold	$3,747		$5,079		$3,188		$1,980		$1,462
Change in fair value of mortgage loan commitments, net	(665	)	60		391		386		(296	)
Total production revenue	3,082		5,139		3,579		2,366		1,166
Mortgage servicing revenue	2,847		2,583		2,164		1,561		2,180
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions¹	1,372		(566	)	239		289		(707	)
Other²	(499	)	(402	)	(320	)	(314	)	(301	)
Total mortgage servicing revenue, net	3,720		1,615		2,083		1,536		1,172
Other mortgage banking revenue	238		293		222		129		99
Total mortgage banking income	$7,040		$7,047		$5,884		$4,031		$2,437

Net interest income	$3,280		$2,941		$2,775		$2,232		$2,276
Provision (benefit) for credit losses	305		571		64		(48	)	—
Mortgage banking income	7,040		7,047		5,884		4,031		2,437
Other operating expense	7,198		7,643		6,697		6,086		5,477
Income before provision for income taxes	2,817		1,774		1,898		225		(764	)
Provision for income taxes	842		497		532		63		(215	)
Net (loss) income Home Mortgage Lending segment	$1,975		$1,277		$1,366		$162		($549	)

Weighted average shares outstanding, diluted	5,597,889		5,583,055		5,558,580		5,554,930		5,769,415
Diluted (loss) earnings per share	$0.35		$0.23		$0.25		$0.03		($0.10	)
¹Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.
²Represents changes due to collection/realization of expected cash flows over time.


	Year Ended
(Dollars in thousands, except per share data)	December 31, 2024		December 31, 2023
Mortgage loans funded for sale	$609,153		$376,154
Mortgage loans funded for investment	108,045		146,258
Total mortgage loans funded	$717,198		$522,412
Mortgage loan refinances to total fundings	7	%	4	%

Net realized gains on mortgage loans sold	$13,994		$7,828
Change in fair value of mortgage loan commitments, net	172		(102	)
Total production revenue	14,166		7,726
Mortgage servicing revenue	9,155		7,368
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions¹	1,334		(922	)
Other²	(1,535	)	(1,765	)
Total mortgage servicing revenue, net	8,954		4,681
Other mortgage banking revenue	882		356
Total mortgage banking income	$24,002		$12,763

Net interest income	$11,228		$7,298
Provision for credit losses	892		—
Mortgage banking income	24,002		12,763
Other operating expense	27,624		23,497
Income before provision for income taxes	6,714		(3,436	)
Provision for income taxes	1,934		(943	)
Net (loss) income Home Mortgage Lending segment	$4,780		($2,493	)

Weighted average shares outstanding, diluted	5,583,983		5,661,460
Diluted (loss) earnings per share	$0.86		($0.44	)
¹Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.
²Represents changes due to collection/realization of expected cash flows over time.

Specialty Finance

On October 31, 2024, the Company completed the acquisition of Sallyport Commercial Finance, LLC in an all cash transaction valued at approximately $53.9 million. Sallyport Commercial Finance, LLC is a leading provider of factoring, asset based lending and alternative working capital solutions to small and medium sized enterprises in the United States, Canada, and the United Kingdom. The Company determined that a new Specialty Finance segment was appropriate for the Company upon the completion of the acquisition. The Specialty Finance segment also includes Northrim Funding Services, a division of Northrim Bank that has offered factoring solutions to small businesses since 2004. The composition of revenues for the Specialty Finance segment are primarily purchased receivable income, but also include interest income and other fee income.

The acquisition of Sallyport included $1.13 million in one-time deal related costs which are reflected in other operating expenses for the fourth quarter and full year of 2024 in the tables below. Total pre-tax income for Sallyport for two months of operations, excluding transaction costs was $945,000.

The following table provides highlights of the Specialty Finance segment of Northrim:


	Three Months Ended
(Dollars in thousands, except per share data)	December 31, 2024		September 30, 2024	June 30, 2024	March 31, 2024	December 31, 2023
Purchased receivable income	$3,526		$1,033	$1,243	$1,345	$1,307
Other operating income	(68	)	—	—	—	—
Interest income	407		158	170	212	235
Total revenue	3,865		1,191	1,413	1,557	1,542
Provision for credit losses	125		—	—	—	—
Other operating expense	3,063		362	429	374	358
Interest expense	489		185	210	212	—
Total expense	3,677		547	639	586	358
Income before provision for income taxes	188		644	774	971	1,184
Provision for income taxes	53		183	218	276	337
Net income Specialty Finance segment	$135		$461	$556	$695	$847
Weighted average shares outstanding, diluted	5,597,889		5,583,055	5,558,580	5,554,930	5,578,491
Diluted earnings per share	$0.02		$0.08	$0.10	$0.13	$0.15

	Year Ended
(Dollars in thousands, except per share data)	December 31, 2024		December 31, 2023
Purchased receivable income	$7,147		$4,482
Other operating income	(68	)	—
Interest income	947		403
Total revenue	8,026		4,885
Provision for credit losses	125		—
Other operating expense	4,228		1,431
Interest expense	1,096		—
Total expense	5,449		1,431
Income before provision for income taxes	2,577		3,454
Provision for income taxes	730		982
Net income Specialty Finance segment	$1,847		$2,472
Weighted average shares outstanding, diluted	5,583,983		5,661,460
Diluted earnings per share	$0.33		$0.44

Balance Sheet Review

Northrim’s total assets were $3.04 billion at December 31, 2024, up 3% from the preceding quarter and up 8% from a year ago. Northrim’s loan-to-deposit ratio was 79% at December 31, 2024, up from 76% at September 30, 2024, and 72% at December 31, 2023.

At December 31, 2024, our liquid assets and investments and loans maturing within one year were $1.01 billion and our funds available for borrowing under our existing lines of credit were $566.8 million. Given these sources of liquidity and our expectations for customer demands for cash and for our operating cash needs, we believe our sources of liquidity to be sufficient for the foreseeable future.

Average interest-earning assets were $2.79 billion in the fourth quarter of 2024, up 4% from $2.67 billion in the third quarter of 2024 and up 7% from $2.61 billion in the fourth quarter a year ago. The average yield on interest-earning assets was 6.02% in the fourth quarter of 2024, up from 5.92% in the preceding quarter and 5.51% in the fourth quarter a year ago.

Average investment securities decreased to $565.8 million in the fourth quarter of 2024, compared to $619.0 million in the third quarter of 2024 and $690.7 million in the fourth quarter a year ago. The average net tax equivalent yield on the securities portfolio was 2.84% for the fourth quarter of 2024, up from 2.80% in the preceding quarter and up from 2.48% in the year ago quarter. The average estimated duration of the investment portfolio at December 31, 2024, was approximately 2.4 years down from approximately 2.8 years a year ago. As of December 31, 2024, $79.0 million of available for sale securities are scheduled to mature in the next six months, $55.8 million are scheduled to mature in six months to one year, and $189.3 million are scheduled to mature in the following year, representing a total of $324.0 million or 12% of earning assets that are scheduled to mature in the next 24 months.

Total unrealized losses, net of tax, on available for sale securities increased by $678,000 in the fourth quarter of 2024 as compared to the prior quarter, and decreased by $9.1 million compared to the fourth quarter of 2023, resulting in a total unrealized loss of $8.3 million at December 31, 2024 compared to $7.6 million at September 30, 2024 and $17.4 million a year ago. The average maturity of the available for sale securities with the majority of the unrealized loss is 1.5 years at the end of 2024. Total unrealized losses on held to maturity securities were $1.0 million at December 31, 2024, compared to $2.1 million at September 30, 2024, and $3.3 million a year ago.

Average interest bearing deposits in other banks increased to $72.2 million in the fourth quarter from $28.4 million in the third quarter of 2024 due to higher deposit balances and maturing portfolio investments. Average interest bearing deposits in other banks decreased in the fourth quarter of this year compared to $126.2 million in the fourth quarter of 2023 as cash was used to fund the growing loan portfolio.

Portfolio loans were $2.13 billion at December 31, 2024, up 6% from the preceding quarter and up 19% from a year ago. Portfolio loans, excluding consumer mortgage loans, were $1.86 million at December 31, 2024, up 6% or $99.9 million from $1.76 billion in the preceding quarter and up 14% from a year ago. This increase was diversified throughout the loan portfolio including commercial real estate nonowner-occupied and multi-family loans increasing by $35.1 million, construction loans increasing by $28.7 million, commercial loans increasing $24.9 million, and commercial real estate owner-occupied loans increasing $7.2 million from the preceding quarter. Average portfolio loans in the fourth quarter of 2024 were $2.07 billion, which was up 7% from the preceding quarter and up 18% from a year ago. Yields on average portfolio loans in the fourth quarter of 2024 increased slightly to 6.93% from 6.91% in the third quarter of 2024 and increased from 6.55% in the fourth quarter of 2023. The increase in the yield on portfolio loans in the fourth quarter of 2024 compared to the third quarter of 2024 and the fourth quarter a year ago is primarily due to loan repricing due to the increases in interest rates and new loans booked at higher rates due to changes in the interest rate environment. The yield on new portfolio loans, excluding consumer mortgage loans, was 7.40% in the fourth quarter of 2024 as compared to 7.43% in the third quarter of 2024 and 8.07% in the fourth quarter of 2023.

Alaskans continue to account for substantially all of Northrim’s deposit base. Total deposits were $2.68 billion at December 31, 2024, up 2% from $2.63 billion at September 30, 2024, and up 8% from $2.49 billion a year ago. “Our bankers are working hard to continue to bring over new relationships to the Bank, which is helping to magnify normal increases in deposit balances from our customers’ business cycles,” said Ballard. At December 31, 2024, 73% of total deposits were held in business accounts and 27% of deposit balances were held in consumer accounts. Northrim had approximately 34,000 deposit customers with an average balance of $61,000 as of December 31, 2024. Northrim had 26 customers with balances over $10 million as of December 31, 2024, which accounted for $612.9 million, or 24%, of total deposits. Demand deposits decreased by 8% from the prior quarter and decreased 6% year-over-year to $706.2 million at December 31, 2024. Demand deposits decreased to 27% of total deposits at December 31, 2024 compared to 29% at September 30, 2024 and 31% of total deposits at December 31, 2023. Average interest-bearing deposits were up 9% to $1.95 billion with an average cost of 2.15% in the fourth quarter of 2024, compared to $1.80 billion and an average cost of 2.24% in the third quarter of 2024, and up 13% compared to $1.72 billion and an average cost of 2.00% in the fourth quarter of 2023. Uninsured deposits totaled $1.08 billion or 40% of total deposits as of December 31, 2024 compared to $1.1 billion or 46% of total deposits as of December 31, 2022. As interest rates continued to increase in 2022, Northrim has taken a proactive, targeted approach to increase deposit rates.

Shareholders’ equity was $267.1 million, or $48.41 book value per share, at December 31, 2024, compared to $260.1 million, or $47.27 book value per share, at September 30, 2024 and $234.7 million, or $42.57 book value per share, a year ago. Tangible book value per share^* was $39.17 at December 31, 2024, compared to $44.36 at September 30, 2024, and $39.68 per share a year ago. The increase in shareholders’ equity in the fourth quarter of 2024 as compared to the third quarter of 2024 was largely the result of earnings of $10.9 million which was partially offset by dividends paid of $3.4 million and a decrease in the fair value of the available for sale securities portfolio, which decreased $678,000, net of tax. The Company did not purchase any shares of common stock in the fourth quarter of 2024 and had 110,000 shares remaining under the current share repurchase program as of December 31, 2024. Tangible common equity to tangible assets^* was 7.23% as of December 31, 2024, compared to 8.28% as of September 30, 2024 and 7.84% as of December 31, 2023. The decrease in tangible common equity to tangible assets* was primarily due to $35.0 million of Goodwill booked as part of the acquisition of Sallyport. Northrim continues to maintain capital levels in excess of the requirements to be categorized as “well-capitalized” with Tier 1 Capital to Risk Adjusted Assets of 9.76% at December 31, 2024, compared to 11.53% at September 30, 2024, and 11.43% at December 31, 2023.

Asset Quality

Northrim believes it has a consistent lending approach throughout the economic cycles, which emphasizes appropriate loan-to-value ratios, adequate debt coverage ratios, and competent management.

Nonperforming assets (“NPAs”) net of government guarantees were $11.6 million at December 31, 2024, up from $5.3 million at September 30, 2024 and from $5.8 million a year ago. Of the NPAs at December 31, 2024, $3.0 million, or 26% are nonaccrual loans related to three commercial relationships, $2.8 million, or 24% is related to a Sallyport nonaccrual loan, and $3.3 million, or 28% is related to one purchased receivable relationship.

Net adversely classified loans were $9.6 million at December 31, 2024, as compared to $6.5 million at September 30, 2024, and $7.1 million a year ago. Adversely classified loans are loans that Northrim has classified as substandard, doubtful, and loss, net of government guarantees. Net loan recoveries were $51,000 in the fourth quarter of 2024, compared to net loan recoveries of $96,000 in the third quarter of 2024, and net loan charge-offs of $96,000 in the fourth quarter of 2023.

Northrim had $138.0 million, or 6% of total portfolio loans, in the Healthcare sector; $117.0 million, or 5% of portfolio loans, in the Tourism sector; $104.3 million, or 5% in the Accommodations sector; $87.4 million, or 4% in Retail loans; $84.6 million, or 4% of portfolio loans, in the Aviation (non-tourism) sector; $76.5 million, or 4% in the Fishing sector; and $55.1 million, or 3% in the Restaurants and Breweries sector as of December 31, 2024.

Northrim estimates that $99.7 million, or approximately 5% of portfolio loans, had direct exposure to the oil and gas industry in Alaska, as of December 31, 2024, and $1.6 million of these loans are adversely classified. As of December 31, 2024, Northrim has an additional $45.8 million in unfunded commitments to companies with direct exposure to the oil and gas industry in Alaska, and none of these unfunded commitments are considered to be adversely classified loans. Northrim defines direct exposure to the oil and gas sector as loans to borrowers that provide oilfield services and other companies that have been identified as significantly reliant upon activity in Alaska related to the oil and gas industry, such as lodging, equipment rental, transportation and other logistics services specific to this industry.

About Northrim BanCorp

Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the state and differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. The Bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage Holding Company, LLC, a regional home mortgage company. Pacific Wealth Advisors, LLC is an affiliated company.

http://www.northrim.com

Forward-Looking Statement
This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy, management’s plans and objectives for future operations are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to Northrim and its management are intended to help identify forward-looking statements. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward-looking statements, are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include: descriptions of Northrim’s and Sallyport’s financial condition, results of operations, asset based lending volumes, asset and credit quality trends and profitability and statements about the expected financial benefits and other effects of the acquisition of Sallyport by Northrim Bank; expected cost savings, synergies and other financial benefits from the acquisition of Sallyport by Northrim Bank might not be realized within the expected time frames and costs or difficulties relating to integration matters might be greater than expected; the ability of Northrim and Sallyport to execute their respective business plans; potential further increases in interest rates; the value of securities held in our investment portfolio; the impact of the results of government initiatives on the regulatory landscape, natural resource extraction industries, and capital markets; the impact of declines in the value of commercial and residential real estate markets, high unemployment rates, inflationary pressures and slowdowns in economic growth; changes in banking regulation or actions by bank regulators; inflation, supply-chain constraints, and potential geopolitical instability, including the wars in Ukraine and the Middle East; financial stress on borrowers (consumers and businesses) as a result of higher rates or an uncertain economic environment; the general condition of, and changes in, the Alaska economy; our ability to maintain or expand our market share or net interest margin; the sufficiency of our provision for credit losses and the accuracy of the assumptions or estimates used in preparing our financial statements, including those related to current expected credit losses accounting guidance; our ability to maintain asset quality; our ability to implement our marketing and growth strategies; our ability to identify and address cyber-security risks, including security breaches, “denial of service attacks,” “hacking,” and identity theft; disease outbreaks; and our ability to execute our business plan. Further, actual results may be affected by competition on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks that may have a material adverse impact on our operations and business, are identified in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and from time to time are disclosed in our other filings with the Securities and Exchange Commission. However, you should be aware that these factors are not an exhaustive list, and you should not assume these are the only factors that may cause our actual results to differ from our expectations. These forward-looking statements are made only as of the date of this release, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release.

References:

https://www.bea.gov/

http://almis.labor.state.ak.us/

http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx

http://www.tax.state.ak.us/

http://www.mba.org

https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx

https://www.capitaliq.spglobal.com/web/client?auth=inherit&overridecdc=1&#markets/indexFinancials


Income Statement
(Dollars in thousands, except per share data)	Three Months Ended					Year-to-date
(Unaudited)	December 31,		September 30,	December 31,		December 31,		December 31,
	2024		2024	2023		2024		2023
Interest Income:
Interest and fees on loans	$37,059		$34,863	$29,508		$134,739		$108,612
Interest on investments	3,844		4,164	4,677		16,838		18,695
Interest on deposits in banks	883		389	1,743		2,342		4,644
Total interest income	41,786		39,416	35,928		153,919		131,951
Interest Expense:
Interest expense on deposits	10,568		10,123	8,676		39,347		26,511
Interest expense on borrowings	377		451	520		1,389		2,184
Total interest expense	10,945		10,574	9,196		40,736		28,695
Net interest income	30,841		28,842	26,732		113,183		103,256

Provision for credit losses	1,201		2,063	885		3,293		3,842
Net interest income after provision for
loan losses	29,640		26,779	25,847		109,890		99,414

Other Operating Income:
Mortgage banking income	7,040		7,047	2,437		24,002		12,763
Purchased receivable income	3,526		1,033	1,307		7,146		4,482
Bankcard fees	1,148		1,196	946		4,366		3,862
Service charges on deposit accounts	622		605	532		2,348		2,044
Gain on sale of securities	112		—	—		112		—
Unrealized gain (loss) on marketable equity securities	(364	)	576	565		465		120
Other income	949		1,130	698		3,602		3,104
Total other operating income	13,033		11,587	6,485		42,041		26,375

Other Operating Expense:
Salaries and other personnel expense	18,254		17,549	15,417		67,847		61,741
Data processing expense	3,108		2,618	2,500		10,986		9,821
Occupancy expense	1,893		1,911	1,783		7,609		7,394
Professional and outside services	1,967		903	802		4,351		3,128
Marketing expense	965		860	933		3,028		2,929
Insurance expense	894		596	675		2,961		2,519
OREO expense, net rental income and gains on sale	2		2	(28	)	(385	)	(794	)
Intangible asset amortization expense	—		—	6		—		17
Other operating expense	2,294		2,289	1,905		8,540		7,426
Total other operating expense	29,377		26,728	23,993		104,937		94,181

Income before provision for income taxes	13,296		11,638	8,339		46,994		31,608
Provision for income taxes	2,369		2,813	1,726		10,023		6,214
Net income	$10,927		$8,825	$6,613		$36,971		$25,394

Basic EPS	$1.99		$1.60	$1.19		$6.72		$4.53
Diluted EPS	$1.95		$1.57	$1.19		$6.62		$4.49
Weighted average common shares outstanding, basic	5,509,078		5,501,943	5,513,041		5,502,797		5,601,471
Weighted average shares outstanding, diluted	5,597,889		5,583,055	5,578,491		5,583,983		5,661,460

Balance Sheet
(Dollars in thousands)
(Unaudited)	December 31,		September 30,		December 31,
	2024		2024		2023

Assets:
Cash and due from banks	$42,101		$42,805		$27,457
Interest bearing deposits in other banks	20,635		60,071		91,073
Investment securities available for sale, at fair value	478,617		545,210		637,936
Investment securities held to maturity	36,750		36,750		36,750
Marketable equity securities, at fair value	8,719		12,957		13,153
Investment in Federal Home Loan Bank stock	5,331		4,318		2,980
Loans held for sale	59,957		97,937		31,974
Portfolio loans	2,129,263		2,007,565		1,789,497
Allowance for credit losses, loans	(22,020	)	(19,528	)	(17,270	)
Net portfolio loans	2,107,243		1,988,037		1,772,227
Purchased receivables, net	74,078		23,564		36,842
Mortgage servicing rights, at fair value	26,439		21,570		19,564
Premises and equipment, net	37,757		39,625		40,693
Operating lease right-of-use assets	7,455		7,616		9,092
Goodwill and intangible assets	50,968		15,967		15,967
Other assets	85,819		66,965		71,789
Total assets	$3,041,869		$2,963,392		$2,807,497

Liabilities:
Demand deposits	$706,225		$763,595		$749,683
Interest-bearing demand	1,108,404		979,238		927,291
Savings deposits	250,900		245,043		255,338
Money market deposits	196,290		201,821		221,492
Time deposits	418,370		435,870		331,251
Total deposits	2,680,189		2,625,567		2,485,055
Other borrowings	23,045		13,354		13,675
Junior subordinated debentures	10,310		10,310		10,310
Operating lease liabilities	7,487		7,635		9,092
Other liabilities	53,722		46,476		54,647
Total liabilities	2,774,753		2,703,342		2,572,779

Shareholders’ Equity:
Total shareholders’ equity	267,116		260,050		234,718
Total liabilities and shareholders’ equity	$3,041,869		$2,963,392		$2,807,497

Additional Financial Information
(Dollars in thousands)
(Unaudited)

Composition of Portfolio Loans
	December 31, 2024				September 30, 2024				June 30, 2024				March 31, 2024				December 31, 2023
	Balance		% of total		Balance		% of total		Balance		% of total		Balance		% of total		Balance		% of total
Commercial loans	$518,148		24	%	$492,414		24	%	$495,781		26	%	$475,220		26	%	$486,057		27	%
Commercial real estate:
Owner occupied properties	420,060		20	%	412,827		20	%	383,832		20	%	372,507		20	%	368,357		20	%
Nonowner occupied and multifamily properties	619,431		29	%	584,302		31	%	551,130		30	%	529,904		30	%	519,115		30	%
Residential real estate:
1-4 family properties secured by first liens	270,535		13	%	248,514		12	%	222,026		12	%	218,552		12	%	203,534		11	%
1-4 family properties secured by junior liens & revolving secured by first liens	48,857		2	%	45,262		2	%	41,258		2	%	35,460		2	%	33,783		2	%
1-4 family construction	39,789		2	%	39,794		2	%	29,510		2	%	27,751		2	%	31,239		2	%
Construction loans	214,068		10	%	185,362		9	%	154,009		8	%	153,537		8	%	149,788		8	%
Consumer loans	7,562		—	%	7,836		—	%	6,679		—	%	6,444		—	%	6,180		—	%
Subtotal	2,138,450				2,016,311				1,884,225				1,819,375				1,798,053
Unearned loan fees, net	(9,187	)			(8,746	)			(8,318	)			(8,240	)			(8,556	)
Total portfolio loans	$2,129,263				$2,007,565				$1,875,907				$1,811,135				$1,789,497

Composition of Deposits
	December 31, 2024			September 30, 2024			June 30, 2024			March 31, 2024			December 31, 2023
	Balance	% of total		Balance	% of total		Balance	% of total		Balance	% of total		Balance	% of total
Demand deposits	$706,225	27	%	$763,595	29	%	$704,471	29	%	$714,244	29	%	$749,683	31	%
Interest-bearing demand	1,108,404	41	%	979,238	37	%	906,010	36	%	889,581	37	%	927,291	37	%
Savings deposits	250,900	9	%	245,043	9	%	238,156	10	%	246,902	10	%	255,338	10	%
Money market deposits	196,290	7	%	204,821	8	%	195,159	8	%	209,785	9	%	221,492	9	%
Time deposits	418,370	16	%	435,870	17	%	420,010	17	%	373,571	15	%	331,251	13	%
Total deposits	$2,680,189			$2,628,567			$2,463,806			$2,434,083			$2,485,055

Additional Financial Information
(Dollars in thousands)
(Unaudited)

Asset Quality		December 31,		September 30,		December 31,
		2024		2024		2023
	Nonaccrual loans	$7,516		$4,944		$6,069
	Loans 90 days past due and accruing	17		17		—
	Total nonperforming loans	7,533		4,961		6,069
	Nonperforming loans guaranteed by government	—		—		(1,067	)
	Net nonperforming loans	7,533		4,961		5,002
	Repossessed assets	297		297		—
	Nonperforming purchased receivables	3,768		—		808
	Net nonperforming assets	$11,598		$5,258		$5,810
	Nonperforming loans, net of government guarantees / portfolio loans	0.35	%	0.25	%	0.28	%
	Nonperforming loans, net of government guarantees / portfolio loans, net of government guarantees	0.38	%	0.26	%	0.30	%
	Nonperforming assets, net of government guarantees / total assets	0.38	%	0.18	%	0.21	%
	Nonperforming assets, net of government guarantees / total assets net of government guarantees	0.40	%	0.19	%	0.21	%

	Adversely classified loans, net of government guarantees	$9,636		$6,503		$7,057
	Special mention loans, net of government guarantees	$19,769		$9,641		$6,580
	Loans 30-89 days past due and accruing, net of government guarantees / portfolio loans	0.03	%	0.08	%	0.03	%
	Loans 30-89 days past due and accruing, net of government guarantees / portfolio loans, net of government guarantees	0.03	%	0.09	%	0.03	%

	Allowance for credit losses – loans / portfolio loans	1.03	%	0.97	%	0.97	%
	Allowance for credit losses – loans / portfolio loans, net of government guarantees	1.10	%	1.04	%	1.02	%
	Allowance for credit losses – loans / nonperforming loans, net of government guarantees	292	%	394	%	345	%

	Allowance for credit losses – purchased receivables / purchased receivables	4.69	%	—	%	—	%
	Allowance for credit losses – purchased receivables / nonperforming purchased receivables	97	%	—	%	—	%

	Gross loan charge-offs for the quarter	$149		$15		$281
	Gross loan recoveries for the quarter	($200	)	($111	)	($185	)
	Net loan (recoveries) charge-offs for the quarter	($51	)	($96	)	$96
	Net loan (recoveries) charge-offs year-to-date	($215	)	($164	)	($38	)
	Net loan (recoveries) charge-offs for the quarter / average loans, for the quarter	0.00	%	0.00	%	0.01	%
	Net loan (recoveries) charge-offs year-to-date / average loans, year-to-date annualized	(0.01	)%	(0.01	)%	0.00	%

Additional Financial Information
(Dollars in thousands)
(Unaudited)

Average Balances, Yields, and Rates
	Three Months Ended
	December 31, 2024				September 30, 2024				December 31, 2023
			Average				Average				Average
	Average		Tax Equivalent		Average		Tax Equivalent		Average		Tax Equivalent
	Balance		Yield/Rate		Balance		Yield/Rate		Balance		Yield/Rate
Assets
Interest bearing deposits in other banks	$72,212		4.72	%	$28,409		5.28	%	$126,174		5.40	%
Portfolio investments	565,785		2.84	%	619,012		2.80	%	690,659		2.48	%
Loans held for sale	83,304		5.97	%	93,689		6.20	%	45,732		6.55	%
Portfolio loans	2,066,216		6.93	%	1,933,181		6.91	%	1,749,732		6.55	%
Total interest-earning assets	2,787,517		6.02	%	2,674,291		5.92	%	2,612,297		5.51	%
Nonearning assets	251,364				196,266				214,934
Total assets	$3,038,881				$2,870,557				$2,827,231

Liabilities and Shareholders’ Equity
Interest-bearing deposits	$1,954,495		2.15	%	$1,796,107		2.24	%	$1,724,409		2.00	%
Borrowings	29,251		3.95	%	43,555		4.07	%	47,964		4.25	%
Total interest-bearing liabilities	1,983,746		2.18	%	1,839,662		2.29	%	1,772,373		2.06	%

Noninterest-bearing demand deposits	738,911				722,000				760,566
Other liabilities	49,815				52,387				63,321
Shareholders’ equity	266,409				256,508				230,971
Total liabilities and shareholders’ equity	$3,038,881				$2,870,557				$2,827,231
Net spread			3.84	%			3.63	%			3.45	%
NIM			4.41	%			4.29	%			4.06	%
NIMTE^*			4.47	%			4.35	%			4.12	%
Cost of funds			1.59	%			1.64	%			1.44	%
Average portfolio loans to average interest-earning assets	74.12	%			72.29	%			66.98	%
Average portfolio loans to average total deposits	76.71	%			76.77	%			70.41	%
Average non-interest deposits to average total deposits	27.43	%			28.67	%			30.61	%
Average interest-earning assets to average interest-bearing liabilities	140.52	%			145.37	%			147.39	%

Additional Financial Information
(Dollars in thousands)
(Unaudited)

Average Balances, Yields, and Rates
	Year-to-date
	December 31, 2024				December 31, 2023
			Average				Average
	Average		Tax Equivalent		Average		Tax Equivalent
	Balance		Yield/Rate		Balance		Yield/Rate
Assets
Interest bearing deposits in other banks	$44,913		5.09	%	$91,161		5.02	%
Portfolio investments	623,756		2.82	%	715,367		2.43	%
Loans held for sale	68,790		6.08	%	41,769		6.19	%
Portfolio loans	1,910,156		6.87	%	1,643,943		6.49	%
Total interest-earning assets	2,647,615		5.86	%	2,492,240		5.36	%
Nonearning assets	213,397				198,107
Total assets	$2,861,012				$2,690,347

Liabilities and Shareholders’ Equity
Interest-bearing deposits	$1,802,286		2.18	%	$1,614,386		1.64	%
Borrowings	33,799		3.81	%	51,038		4.24	%
Total interest-bearing liabilities	1,836,085		2.21	%	1,665,424		1.72	%

Noninterest-bearing demand deposits	718,163				749,859
Other liabilities	55,265				47,820
Shareholders’ equity	251,499				227,244
Total liabilities and shareholders’ equity	$2,861,012				$2,690,347
Net spread			3.65	%			3.64	%
NIM			4.28	%			4.14	%
NIMTE^*			4.33	%			4.21	%
Cost of funds			1.59	%			1.19	%
Average portfolio loans to average interest-earning assets	72.15	%			65.96	%
Average portfolio loans to average total deposits	75.79	%			69.53	%
Average non-interest deposits to average total deposits	28.49	%			31.72	%
Average interest-earning assets to average interest-bearing liabilities	144.20	%			149.65	%

Additional Financial Information
(Dollars in thousands, except per share data)
(Unaudited)

Capital Data (At quarter end)
	December 31, 2024		September 30, 2024		December 31, 2023
Book value per share	$48.41		$47.27		$42.57
Tangible book value per share^*	$39.17		$44.36		$39.68
Total shareholders’ equity/Total assets	8.78	%	8.78	%	8.36	%
Tangible common equity/Tangible assets^*	7.23	%	8.28	%	7.84	%
Tier 1 capital / Risk adjusted assets	9.76	%	11.53	%	11.43	%
Total capital / Risk adjusted assets	10.94	%	12.50	%	12.35	%
Tier 1 capital / Average assets	7.68	%	9.08	%	8.72	%
Common shares outstanding	5,518,210		5,501,943		5,513,459
Unrealized gain on AFS debt securities, net of income taxes	($8,295	)	($7,617	)	($17,415	)
Unrealized (loss) on derivatives and hedging activities, net of income taxes	$1,272		$863		$978

Profitability Ratios
	December 31, 2024		September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023
For the quarter:
NIM	4.41	%	4.29	%	4.24	%	4.16	%	4.06	%
NIMTE^*	4.47	%	4.35	%	4.30	%	4.22	%	4.12	%
Efficiency ratio	66.96	%	66.11	%	68.78	%	68.93	%	72.21	%
Return on average assets	1.43	%	1.22	%	1.31	%	1.19	%	0.93	%
Return on average equity	16.32	%	13.69	%	14.84	%	13.84	%	11.36	%

	December 31, 2024		December 31, 2023
Year-to-date:
NIM	4.28	%	4.14	%
NIMTE^*	4.33	%	4.21	%
Efficiency ratio	67.60	%	72.64	%
Return on average assets	1.29	%	0.94	%
Return on average equity	14.70	%	11.17	%

*Non-GAAP Financial Measures
(Dollars and shares in thousands, except per share data)
(Unaudited)

Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although we believe these non-GAAP financial measures are frequently used by stakeholders in the evaluation of the Company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP.

Net interest margin on a tax equivalent basis

Net interest margin on a tax equivalent basis (“NIMTE”) is a non-GAAP performance measurement in which interest income on non-taxable investments and loans is presented on a tax equivalent basis using a combined federal and state statutory rate of 28.43% in both 2023 and 2022. The most comparable GAAP measure is net interest margin and the following table sets forth the reconciliation of NIMTE to net interest margin.


	Three Months Ended
	December 31, 2024		September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023
Net interest income	$30,841		$28,842		$27,053		$26,447		$26,732
Divided by average interest-bearing assets	2,787,517		2,674,291		2,568,266		2,558,558		2,612,297
Net interest margin (“NIM”)²	4.41	%	4.29	%	4.24	%	4.16	%	4.06	%

Net interest income	$30,841		$28,842		$27,053		$26,447		$26,732
Plus: reduction in tax expense related to tax-exempt interest income	379		385		378		379		374
	$31,220		$29,227		$27,431		$26,826		$27,106
Divided by average interest-bearing assets	2,787,517		2,674,291		2,568,266		2,558,558		2,612,297
NIMTE²	4.47	%	4.35	%	4.30	%	4.22	%	4.12	%

	Year-to-date
	December 31, 2024		December 31, 2023
Net interest income	$113,183		$103,256
Divided by average interest-bearing assets	2,647,615		2,492,240
Net interest margin (“NIM”)³	4.28	%	4.14	%

Net interest income	$113,183		$103,256
Plus: reduction in tax expense related to tax-exempt interest income	1,521		1,576
	$114,704		$104,832
Divided by average interest-bearing assets	2,647,615		2,492,240
NIMTE³	4.33	%	4.21	%

²Calculated using actual days in the quarter divided by 366 for the quarters ended in 2024 and 365 for the quarters ended in 2023, respectively.

³Calculated using actual days in the year divided by 366 for year-to-date period in 2024 and 365 for year-to-date period in 2023, respectively.

*Non-GAAP Financial Measures

(Dollars and shares in thousands, except per share data)
(Unaudited)

Tangible Book Value

Tangible book value is a non-GAAP measure defined as shareholders’ equity, less intangible assets, divided by common shares outstanding. The most comparable GAAP measure is book value per share and the following table sets forth the reconciliation of tangible book value per share and book value per share.


	December 31, 2024	September 30, 2024	June 30, 2024	March 31, 2024	December 31, 2023

Total shareholders’ equity	$267,116	$260,050	$247,200	$239,327	$234,718
Divided by common shares outstanding	5,518	5,502	5,502	5,500	5,513
Book value per share	$48.41	$47.26	$44.93	$43.52	$42.57

	December 31, 2024	September 30, 2024	June 30, 2024	March 31, 2024	December 31, 2023

Total shareholders’ equity	$267,116	$260,050	$247,200	$239,327	$234,718
Less: goodwill and intangible assets	50,968	15,967	15,967	15,967	15,967
	$216,148	$244,083	$231,233	$223,360	$218,751
Divided by common shares outstanding	5,518	5,502	5,502	5,500	5,513
Tangible book value per share	$39.17	$44.36	$43.52	$40.61	$39.68

Tangible Common Equity to Tangible Assets

Tangible common equity to tangible assets is a non-GAAP ratio that represents total equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets. The most comparable GAAP measure of shareholders’ equity to total assets is calculated by dividing total shareholders’ equity by total assets and the following table sets forth the reconciliation of tangible common equity to tangible assets and shareholders’ equity to total assets.


Northrim BanCorp, Inc.	December 31, 2024		September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023

Total shareholders’ equity	$267,116		$260,050		$247,200		$239,327		$234,718
Total assets	3,041,869		2,963,392		2,821,668		2,759,560		2,807,497
Total shareholders’ equity to total assets	8.78	%	8.78	%	8.76	%	8.67	%	8.36	%

Northrim BanCorp, Inc.	December 31, 2024		September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023
Total shareholders’ equity	$267,116		$260,050		$247,200		$239,327		$234,718
Less: goodwill and other intangible assets, net	50,968		15,967		15,967		15,967		15,967
Tangible common shareholders’ equity	$216,148		$244,083		$231,233		$223,360		$218,751

Total assets	$3,041,869		$2,963,392		$2,821,668		$2,759,560		$2,807,497
Less: goodwill and other intangible assets, net	50,968		15,967		15,967		15,967		15,967
Tangible assets	$2,990,901		$2,947,425		$2,805,701		$2,743,593		$2,791,530
Tangible common equity ratio	7.23	%	8.28	%	8.24	%	8.14	%	7.84	%

Note Transmitted on GlobeNewswire on January 24, 2025, at 12:15 pm Alaska Standard Time.


Contact:	Mike Huston, President, CEO, and COO
	(907) 261-8750
	Jed Ballard, Chief Financial Officer
	(907) 261-3539

The MIL Network –

January 25, 2025

MIL-OSI: CVR Energy Commences Planned Turnaround at Coffeyville Refinery

Source: GlobeNewswire (MIL-OSI)

SUGAR LAND, Texas, Jan. 24, 2025 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced that it has commenced its planned turnaround at the Coffeyville, Kansas, refinery operated by one of its subsidiaries following damage sustained to its Naphtha Hydrotreater on January 21, 2025, during freezing weather conditions. The Company intends to provide further updates regarding this turnaround during its next earnings conference call.

Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding its Naphtha Hydrotreater and turnaround at the Coffeyville refinery including the cost, timing, duration and outcome thereof. You can generally identify forward-looking statements by our use of forward-looking terminology such as “outlook,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” “upcoming,” “before,” “future,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Investors are cautioned that various factors may affect these forward-looking statements, including (among others): impacts of plant outages and weather conditions and events; and other risks. For additional discussion of risk factors which may affect our results, please see the risk factors and other disclosures included in our most recent Annual Report on Form 10-K, any subsequently filed Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission (“SEC”) filings. These and other risks may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this news release are made only as of the date hereof. CVR Energy disclaims any intention or obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

About CVR Energy, Inc.
Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the renewables, petroleum refining and marketing business as well as in the nitrogen fertilizer manufacturing business through its interest in CVR Partners. CVR Energy subsidiaries serve as the general partner and own 37 percent of the common units of CVR Partners.

Investors and others should note that CVR Energy may announce material information using SEC filings, press releases, public conference calls, webcasts and the Investor Relations page of its website. CVR Energy may use these channels to distribute material information about the Company and to communicate important information about the Company, corporate initiatives and other matters. Information that CVR Energy posts on its website could be deemed material; therefore, CVR Energy encourages investors, the media, its customers, business partners and others interested in the Company to review the information posted on its website.

Contact Information:

Investor Relations
Richard Roberts
(281) 207-3205
InvestorRelations@CVREnergy.com

Media Relations
Brandee Stephens
(281) 207-3516
MediaRelations@CVREnergy.com

The MIL Network –

January 25, 2025
MIL-OSI Security: Nuclear Energy in the Clean Energy Transition

Source: International Atomic Energy Agency – IAEA

Dispatchable energy

Unlike wind and solar, nuclear power plants and hydropower offer dispatchable energy, meaning they are able to adjust their output to meet electricity demand. Additionally, the expanded use of nuclear power for non-electric applications, including district heating, hydrogen production, desalination and heat for industrial processes, offers further options to reduce emissions.

To support this increasing nuclear energy demand, the IAEA is actively assisting countries by providing technical expertise and capacity building to help them establish or expand nuclear power plants.

Integrated Nuclear Infrastructure Reviews (INIR) are an example where the IAEA assists countries to assess the status of their national infrastructure as they embark on establishing nuclear power plants. INIR missions enable countries to engage in discussions and receive guidance from experts about recommendations and best practices in nuclear power infrastructure development.

These missions ensure that the infrastructure necessary for the safe, secure and sustainable use of nuclear power is developed and implemented in a responsible and orderly manner.

In 2009, the IAEA conducted the first INIR Mission to a country initiating the use of nuclear power. Since then, INIR missions have been hosted by various states including the United Arab Emirates, that has successfully established the Barakah Nuclear Energy Plant. This year, it is expected to supply around 25 per cent of the UAE’s electricity, up from its current contribution of 20 per cent, reducing the country’s carbon emissions by 22 million tonnes annually.

Similarly, countries like Sweden, France and Finland have utilized nuclear energy combined with hydro and renewables to largely decarbonize their electricity production. France has an extremely low level of CO2 emissions from electricity generation, since over 90 per cent of its electricity is from low-carbon sources, 70 per cent of that from nuclear power. And 94 percent of Sweden’s electricity comes from low carbon sources in Sweden with more than a third coming from nuclear, according to the IEA.

Newcomer countries

The IAEA is also supporting newcomer countries and developing countries in their transition to nuclear energy, with trainings, technical assistance, and technology transfer of tools and methodologies to help them evaluate the role of different technologies in meeting their future energy needs while reducing greenhouse gas emissions.

“A few years ago, discussions might have been about phasing out nuclear energy. Today, at the World Economic Forum, we’re on the road to tripling nuclear capacity. This shows a shift in how nuclear energy is increasingly seen as essential for net-zero and energy transition,” said Mr Grossi this week at the first ever public session on nuclear energy at the World Economic forum Annual Meeting in Davos.

The IAEA’s latest projections indicate that world nuclear capacity will increase 2.5 times the current capacity by 2050. At present, 31 countries operate power plants, with 419 reactors in operation, a combined electrical capacity of 378.1 gigawatt GW, producing about 10 per cent of the world’s electricity. Additionally, over 62 reactors are currently under construction, highlighting the growing adoption of nuclear energy worldwide.

“I am confident 2025 will see commitments translated into concrete projects. Nuclear energy is still providing the world with a quarter of its low-carbon power and supporting the roll out of intermittent renewables like solar and wind. In future we will see even more nuclear deliver the clean, reliable, and secure power the world needs. As always, IAEA will be there to assist countries in making it happen,” said Mr Grossi.

MIL Security OSI –

January 25, 2025
MIL-OSI USA: January 24th, 2025 Heinrich Hosts Congressional Briefing Highlighting Advancements and Job Creation in the Electric Vehicle Supply Chain

US Senate News:

Source: United States Senator for New Mexico Martin Heinrich

PHOTOS

WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Senate Energy and Natural Resources Committee, hosted a congressional briefing on developments in manufacturing electric vehicles and their supply chains in the United States, from batteries to electric school buses.

PHOTOS: U.S. Senator Martin Heinrich, Ranking Member of the Senate Energy and Natural Resources Committee, hosts a congressional briefing on the electric vehicle manufacturing supply chain, January 23, 2025.

Panelists from the Zero Emission Transportation Association Education Fund, Impact Clean Power Technology, SA, and GreenPower Motor Company shared their perspectives on the incredible growth in EV-related investments over recent years and business partnerships that are diversifying domestic supply chains away from foreign entities of concern, including from China, driven by the Inflation Reduction Act and the Infrastructure Investments and Jobs Act.

“For the last few years, the United States has taken industrial policy seriously. We need to do that because China and other competitors, for years and years, have been taking industrial policy seriously. If we want to control our own supply chains, we need pro-growth tax policies that support those things,” said Heinrich. “There is no question that globally, the electrification of transportation is a consistent phenomenon. The real question for us as a nation, I think, is, do we want to lead this transition? Do we want to compete with our global competitors and be successful, or are we going to cede that leadership to other spaces?”

“In my view, when you’re winning, keep winning,” Heinrich continued. “Keep the things that are actually moving factories to the United States. What I’ve experienced in the just the few years since we created the Inflation Reduction Act is new manufacturing plants opening in the state of New Mexico and existing manufacturing plants expanding. The supply chains that everybody complained about, saying ‘we don’t have control of those supply chains,’ let’s build those supply chains here. We should be banding together with our allies to control our own supply chains and to build good jobs here and to compete effectively — not just to compete, but to win this race for the future of transportation and energy.”

Heinrich’s Longtime Leadership on Electric Vehicles

Heinrich is a staunch advocate for federal investments that make electric vehicles more affordable and accessible for working families as well as electric vehicle charging stations more available for New Mexicans.

In 2022, Heinrich helped author and pass into law the landmark Inflation Reduction Act, which has created a manufacturing renaissance throughout the country and established New Mexico at the center of the nation’s clean energy future. Heinrich marked the two-year anniversary of the legislation being signed into law in August, highlighting how its incentives have expanded and spurred a number of new clean energy projects across New Mexico.

Last August, at an event in Albuquerque, Heinrich was joined by Albuquerque Public Schools (APS) Superintendent Gabriella Duran-Blakey and Mom’s Clean Air Force – an organization dedicated to protecting children from air pollution and climate change – to announce nearly $7 million in Infrastructure Law funding to help APS replace older, diesel school buses with 20 new electric school buses. This investment comes from the EPA Clean School Bus Program, which Heinrich helped establish. The investment will help APS save money as they upgrade school bus fleets, replacing existing buses with brand new zero-emission and clean school buses.

Last year, Heinrich and the New Mexico Congressional Delegation also welcomed nearly $68 million in competitive federal grant funding from the Bipartisan Infrastructure Law’s Charging and Fueling Infrastructure Discretionary Grant Program to build major new electric vehicle charging networks throughout New Mexico. The largest portion of that funding will allow the New Mexico Department of Transportation to contract with a private partner, TeraWatt Infrastructure, to build the I-10 Electric Corridor, which will be the nation’s first network of high-powered charging centers for heavy-duty electric trucks. As part of this network, TeraWatt will build two electric vehicle charging centers for medium-and heavy-duty commercial vehicles conducting routes along Interstate 10 (I-10), located in unincorporated Hidalgo and Doña Ana Counties, near Lordsburg and Vado, N.M. The entire route will extend along the I-10 highway from the San Pedro ports in Southern California to the El Paso, Texas border region.

Last year, Heinrich also welcomed guidance from the Department of the Treasury and the Internal Revenue Service (IRS) that significantly expanded access to the 30C Alternative Fuel Vehicle Refueling Property Credit. The 30C Alternative Fuel Vehicle Refueling Property Credit was increased through the Inflation Reduction Act and provides billions of dollars for alternative refueling infrastructure investments such as in-home EV chargers, zero-emission truck stops, public chargers, and adding zero-emission refueling to warehouses.

Heinrich has also led successful efforts to call on the U.S. Postal Service to substantially increase their efforts to electrify the next generation of mail delivery vehicles. With funding that Democrats delivered in the historic Inflation Reduction Act and a commitment from the Biden administration, the next generation of mail delivery vehicles in America will now be 75% battery electric vehicles, and 100% electric starting in 2026.

MIL OSI USA News –

January 25, 2025
MIL-OSI United Kingdom: Council Service Update January 24

Source: Northern Ireland – City of Derry

Council Service Update January 24

24 January 2025

Council continues to work with local agencies in the ongoing emergency response to Storm Éowyn which has resulted in significant damage to roads and property throughout the City and District.

This is compounded by the potential risk of snow and ice forecast for this evening which will make efforts to assess and repair damages even more challenging tomorrow.

We hope to resume normal Council services as soon as it is safe to do so, but the health and safety of both staff and the general public is our first priority.

We will begin the process of assessing any impacts on Council sites early tomorrow, but please note that further delays to services are expected.

Bin collections

Refuse crew will be out on the ground from 8am tomorrow to collect as many bins as possible that were scheduled for collection today, but we will only be able to do so if it is safe. Please leave bins in a sheltered place later this evening or early tomorrow morning if you can. Any missed bins will be collected as soon as possible.

Cemeteries and outdoor sites

Efforts are being made to reopen Council cemeteries, parks, and recycling centres tomorrow morning following assessment.

Burials will be prioritized, with a number scheduled to take place tomorrow. The cemeteries will open to the wider public as soon as they have been inspected and are safe.

Leisure Centres and other venues

Leisure Centres, the Guildhall and other cultural and community venues will open tomorrow as usual following inspections.

Grass and 3G pitches will also open subject to pitch inspections for any storm damage.

We will continue to provide regular updates on our social media platforms and appreciate your patience and cooperation as we work towards restoring full services. Please follow the guidance of the PSNI and stay home and stay safe while warnings are in place.

Emergency Information

• Stay up to date with the weather forecast for your area and follow advice from emergency services and local authorities.

• Further updates – Click on – UK weather warnings – Met Office

Emergency Contact numbers:

Emergency services 999 or 112

Flooding Incident Line – 0300 2000 100

NI Electricity Networks – 03457 643 643

NI Gas Emergency Service – 0800 002 001

NI Water – 03457 440 088

Housing Executive – 03448 920 901

Report a blocked road – 0300 200 7891

For further advice see:

• https://www.nidirect.gov.uk/camp…/be-ready-for-emergencies

• http://www.metoffice.gov.uk/guide/weather/warnings

• https://www.metoffice.gov.uk/…/env…/community-resilience

• https://www.infrastructure-ni.gov.uk/…/dfi-rivers-water…

• https://twitter.com/nidirect

• Report a road drainage fault (https://www.nidirect.gov.uk/…/report-road-drainage-fault);

NB – register on the Met Office website or download the Met Office app to receive weather warnings; http://www.metoffice.gov.uk/…/mobile…/weather-app

MIL OSI United Kingdom –

January 25, 2025
MIL-OSI: Univest Securities, LLC Announces Closing of $4.42 Million Registered Direct Offering for its Client Houston American Energy Corp. (NYSE American: HUSA)

Source: GlobeNewswire (MIL-OSI)

New York, Jan. 24, 2025 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered direct offering (the “Offering”) on January 23, 2025, for its client Houston American Energy Corp (NYSE American: HUSA) (the “Company”), an independent oil and gas company.

Under the terms of the securities purchase agreement, the Company has agreed to sell to several investors for the purchase and sale of an aggregate of 2,600,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) at a purchase price of $1.70 per share in a registered direct offering.

The aggregate gross proceeds to the Company was approximately $4,420,000.

Univest Securities, LLC acted as the sole placement agent.

The registered direct offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-282778) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on November 4, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC’s website at http://www.sec.gov.

About Univest Securities, LLC

Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: http://www.univest.us.

About Houston American Energy Corp.

Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region. The company is based in Houston, Texas.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at http://www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
Univest Securities, LLC
Edric Guo
Chief Executive Officer
75 Rockefeller Plaza, Suite 18C
New York, NY 10019
Phone: (212) 343-8888
Email: info@univest.us

The MIL Network –

January 25, 2025
MIL-OSI: TC Energy to issue fourth quarter 2024 results on Feb. 14

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, Jan. 24, 2025 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will hold a teleconference and webcast on Friday, Feb. 14, 2025, to discuss its fourth quarter financial results.

François Poirier, TC Energy President and Chief Executive Officer, Sean O’Donnell, Executive Vice-President and Chief Financial Officer, and other members of the executive leadership team will discuss the financial results and Company developments at 6:30 a.m. MST / 8:30 a.m. EST.

Members of the investment community and other interested parties are invited to participate by calling 1-844-763-8274 (Canada/U.S. toll free) or 1-647-484-8814 (International toll). No passcode is required. Please dial in 15 minutes prior to the start of the call. Alternatively, participants may pre-register for the call here. Upon registering, you will receive a calendar booking by email with dial in details and a unique PIN. This process will bypass the operator and avoid the queue. Registration will remain open until the end of the conference call.

A live webcast of the teleconference will be available on TC Energy’s website at TC Energy — Events and presentations or via the following URL: https://www.gowebcasting.com/13928. The webcast will be available for replay following the meeting.

A replay of the teleconference will be available two hours after the conclusion of the call until midnight EST on Feb. 21, 2025. Please call 1-855-669-9658 (Canada/U.S. toll free) or 1-412-317-0088 (International toll) and enter passcode 6438166.

About TC Energy
We’re a team of 6,500+ energy problem solvers connecting the world to the energy it needs. Our extensive network of natural gas infrastructure assets is one-of-a-kind. We seamlessly move, generate and store energy and deliver it to where it is needed most, to homes and businesses in North America and across the globe through LNG exports. Our natural gas assets are complemented by our strategic ownership and low-risk investments in power generation.

TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.

FORWARD-LOOKING INFORMATION
This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, “expect”, “believe”, “may”, “will”, “should”, “estimate”, “intend” or other similar words). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management’s assessment of TC Energy’s and its subsidiaries’ future plans and financial outlook. All forward-looking statements reflect TC Energy’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy’s profile on SEDAR+ at http://www.sedarplus.ca and with the U.S. Securities and Exchange Commission at http://www.sec.gov.

-30-

Media Inquiries:
Media Relations
media@tcenergy.com
403-920-7859 or 800-608-7859

Investor & Analyst Inquiries:
Gavin Wylie / Hunter Mau
investor_relations@tcenergy.com
403-920-7911 or 800-361-6522

PDF available: http://ml.globenewswire.com/Resource/Download/d8ba0121-2767-4138-8a53-8ecb31b5199c

The MIL Network –

January 25, 2025

MIL-OSI Europe: Minutes – Thursday, 23 January 2025 – Strasbourg – Final edition

Source: European Parliament

PV-10-2025-01-23

iPlPv_Sit

Minutes

Thursday, 23 January 2025 – Strasbourg

Abbreviations and symbols

+	adopted
–	rejected
↓	lapsed
W	withdrawn
RCV	roll-call votes
EV	electronic vote
SEC	secret ballot
split	split vote
sep	separate vote
am	amendment
CA	compromise amendment
CP	corresponding part
D	deleting amendment
=	identical amendments
§	paragraph

IN THE CHAIR: Younous OMARJEE
Vice-President

1. Opening of the sitting

The sitting opened at 09:01.

2. Combating Desertification: 16th session of the Conference of the Parties (COP16) of the United Nations Convention (debate)

Commission statement: Combating Desertification: 16th session of the Conference of the Parties (COP16) of the United Nations Convention (2025/3018(RSP))

Jessika Roswall (Member of the Commission) made the statement.

The following spoke: Carmen Crespo Díaz, on behalf of the PPE Group, Marta Temido, on behalf of the S&D Group, Julien Leonardelli, on behalf of the PfE Group, Francesco Ventola, on behalf of the ECR Group, Martin Hojsík, on behalf of the Renew Group, Pär Holmgren, on behalf of the Verts/ALE Group, Catarina Martins, on behalf of The Left Group, Zsuzsanna Borvendég, on behalf of the ESN Group, Christine Schneider, Sakis Arnaoutoglou, Mireia Borrás Pabón, Laurence Trochu, Billy Kelleher, Kai Tegethoff, João Oliveira, Daniel Buda, Maria Grapini, Mathilde Androuët, Marie Toussaint, Valentina Palmisano, Salvatore De Meo, Thomas Bajada, France Jamet, Vicent Marzà Ibáñez, who also answered a blue-card question from João Oliveira, Sebastian Everding, who also answered a blue-card question from Sander Smit, Gabriella Gerzsenyi, César Luena, who also answered a blue-card question from Carmen Crespo Díaz, Jutta Paulus, who also answered a blue-card question from Maria Grapini, Nikolas Farantouris, Borja Giménez Larraz, Camilla Laureti, Marco Falcone, who also answered a blue-card question from Kai Tegethoff, Leire Pajín, Manuela Ripa, Jean-Marc Germain, Dan-Ştefan Motreanu, Stefano Bonaccini and Ştefan Muşoiu.

The following spoke under the catch-the-eye procedure: Grzegorz Braun, Hélder Sousa Silva and Seán Kelly.

The following spoke: Jessika Roswall.

The debate closed.

(The sitting was suspended for a few moments.)

IN THE CHAIR: Christel SCHALDEMOSE
Vice-President

3. Resumption of the sitting

The sitting resumed at 10:29.

4. Cryptocurrencies – need for global standards (debate)

Commission statement: Cryptocurrencies – need for global standards (2025/2514(RSP))

Magnus Brunner (Member of the Commission) made the statement.

The following spoke: Markus Ferber, on behalf of the PPE Group, Jonás Fernández, on behalf of the S&D Group, Pierre Pimpie, on behalf of the PfE Group, Marlena Maląg, on behalf of the ECR Group, Stéphanie Yon-Courtin, on behalf of the Renew Group, Rasmus Andresen, on behalf of the Verts/ALE Group (the President reminded the speaker of the rules on conduct), Pasquale Tridico, on behalf of The Left Group, René Aust, on behalf of the ESN Group, Regina Doherty, Eero Heinäluoma, Aleksandar Nikolic, Guillaume Peltier, Gilles Boyer, Damian Boeselager, Catarina Martins, Stanislav Stoyanov, Kateřina Konečná, Kinga Kollár, Aurore Lalucq, Mathilde Androuët, Adrian-George Axinia, Cynthia Ní Mhurchú, Giuseppe Antoci, Marcin Sypniewski, Luis-Vicențiu Lazarus, Lídia Pereira (the President provided some clarifications on the blue-card procedure), Nikos Papandreou, who also answered a blue-card question from Diana Iovanovici Şoşoacă, Angéline Furet, Ondřej Krutílek, Michalis Hadjipantela, Adnan Dibrani, Diego Solier, Andrey Kovatchev, Waldemar Buda, Caterina Chinnici and Seán Kelly.

The following spoke under the catch-the-eye procedure: Niels Geuking, Maria Grapini, Alexander Jungbluth, Grzegorz Braun, Vytenis Povilas Andriukaitis and Diana Iovanovici Şoşoacă.

The following spoke: Magnus Brunner.

The debate closed.

(The sitting was suspended at 11:48.)

IN THE CHAIR: Sabine VERHEYEN
Vice-President

5. Resumption of the sitting

The sitting resumed at 11:59.

6. Composition of new committees

Following the creation of the standing committees on security and defence and on public health, and the creation of the special committees on the European Democracy Shield and on the housing crisis in the European Union, the President had received nominations for membership of these new standing and special committees from the political groups and the non-attached Members, in accordance with Rules 212 and 213.

The decisions took effect as of that day.

The lists of Members nominated to form these committees are annexed to these minutes (minutes of 23.1.2025 Annex 1).

7. Composition of committees and delegations

The Renew Group and non-attached Members had notified the President of the following decisions changing the composition of committees:

– ITRE Committee: Oihane Agirregoitia Martínez to replace Barry Andrews, Elena Yoncheva

– REGI Committee: Elsi Katainen

– LIBE Committee: Raquel García Hermida-Van Der Walle

– PETI Committee: Cynthia Ní Mhurchú and Eugen Tomac were no longer members, Taner Kabilov

The decisions took effect as of that day.

⁂

The following spoke: Jordan Bardella, Carlo Fidanza and Patryk Jaki on points of order (the President cut off the speakers as their remarks did not constitute points of order).

8. Voting time

For detailed results of the votes, see also ‘Results of votes’ and ‘Results of roll-call votes’.

8.2. Systematic repression of human rights in Iran, notably the cases of Pakhshan Azizi and Wrisha Moradi, and the taking of EU citizens as hostages (vote)

Motions for resolutions RC-B10-0066/2025 (minutes of 23.1.2025, item I), B10-0063/2025, B10-0066/2025, B10-0067/2025, B10-0073/2025, B10-0082/2025, B10-0085/2025 and B10-0086/2025 (minutes of 22.1.2025, item 1) (2025/2511(RSP))

The debate had taken place on 22 January 2025 (minutes of 22.1.2025, item 16.2).

(Majority of the votes cast)

JOINT MOTION FOR A RESOLUTION

Adopted (P10_TA(2025)0004)

(Motions for resolutions B10-0063/2025 and B10-0067/2025 fell.)

Detailed voting results

9. Resumption of the sitting

The sitting resumed at 15:00.

10. Approval of the minutes of the previous sitting

The minutes of the previous sitting were approved.

11. Major interpellations (debate)

Major interpellation for written answer with debate (G-001002/2024) submitted by Charlie Weimers, Sebastian Tynkkynen, Kristoffer Storm, Jaak Madison, Carlo Fidanza, Adam Bielan, Alexandr Vondra, Patryk Jaki, Johan Van Overtveldt, Roberts Zīle, Emmanouil Fragkos, Georgiana Teodorescu, Geadis Geadi, Marion Maréchal, Ivaylo Valchev, Kosma Złotowski, Mariusz Kamiński, Maciej Wąsik, Dick Erixon, Joachim Stanisław Brudziński, Beatrice Timgren, Nicolas Bay, Jadwiga Wiśniewska, Ondřej Krutílek, Guillaume Peltier, Michał Dworczyk, Laurence Trochu, Şerban-Dimitrie Sturdza, Tobiasz Bocheński, Gheorghe Piperea, on behalf of the ECR Group, to the Commission: EU funding of physical border protection structures such as walls, fences or other barriers at the external border (B10-0001/2025)

Jaak Madison moved the major interpellation.

Magnus Brunner (Member of the Commission) answered the major interpellation.

The following spoke: Lena Düpont, on behalf of the PPE Group, Ana Catarina Mendes, on behalf of the S&D Group, András László, on behalf of the PfE Group, Joachim Stanisław Brudziński, on behalf of the ECR Group, Fabienne Keller, on behalf of the Renew Group, Mélissa Camara, on behalf of the Verts/ALE Group, Christine Anderson, on behalf of the ESN Group, Fredis Beleris, Murielle Laurent, France Jamet and Riho Terras.

The following spoke under the catch-the-eye procedure: Kinga Kollár, Bogdan Rzońca and Siegbert Frank Droese.

The following spoke: Magnus Brunner.

The debate closed.

12. Explanations of vote

Written explanations of vote

Explanations of vote submitted in writing under Rule 201 appear on the Members’ pages on Parliament’s website.

13. Approval of the minutes of the sitting and forwarding of texts adopted

In accordance with Rule 208(3), the minutes of the sitting would be put to the House for approval at the beginning of the afternoon of the sitting on Monday, 10 February 2025.

With Parliament’s agreement, the texts adopted during the part-session would be forwarded to their respective addressees without delay.

14. Dates of forthcoming sittings

The next sitting would be held on 29 January 2025.

15. Closure of the sitting

The sitting closed at 15:41.

16. Adjournment of the session

The session of the European Parliament was adjourned.

Alessandro Chiocchetti	Roberta Metsola
Secretary-General	President

LIST OF DOCUMENTS SERVING AS A BASIS FOR THE DEBATES AND DECISIONS OF PARLIAMENT

I. Motions for resolutions tabled

Case of Jean-Jacques Wondo in the Democratic Republic of the Congo

Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):

on the case of Jean-Jacques Wondo in the Democratic Republic of the Congo (2025/2510(RSP)) (RC-B10-0069/2025)
(replacing motions for resolutions B10-0069/2025, B10-0072/2025, B10-0078/2025, B10-0081/2025 and B10-0084/2025)
Sebastião Bugalho, Wouter Beke, Isabel Wiseler-Lima, Michael Gahler, Luděk Niedermayer, Christophe Gomart, Antonio López-Istúriz White, Danuše Nerudová, Davor Ivo Stier, Michał Wawrykiewicz, Jessica Polfjärd, Tomáš Zdechovský, Andrey Kovatchev, Inese Vaidere
on behalf of the PPE Group
Yannis Maniatis, Francisco Assis, Elio Di Rupo
on behalf of the S&D Group
Waldemar Tomaszewski, Joachim Stanisław Brudziński, Sebastian Tynkkynen
on behalf of the ECR Group
Bernard Guetta, Petras Auštrevičius, Oihane Agirregoitia Martínez, Malik Azmani, Dan Barna, Benoit Cassart, Olivier Chastel, Svenja Hahn, Karin Karlsbro, Ľubica Karvašová, Ilhan Kyuchyuk, Jan-Christoph Oetjen, Urmas Paet, Marie-Agnes Strack-Zimmermann, Hilde Vautmans, Lucia Yar
on behalf of the Renew Group
Catarina Vieira
on behalf of the Verts/ALE Group

Systematic repression of human rights in Iran, notably the cases of Pakhshan Azizi and Wrisha Moradi, and the taking of EU citizens as hostages

Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):

on the systematic repression of human rights in Iran, notably the cases of Pakhshan Azizi and Wrisha Moradi, and the taking of EU citizens as hostages (2025/2511(RSP)) (RC-B10-0066/2025)
(replacing motions for resolutions B10-0066/2025, B10-0073/2025, B10-0082/2025, B10-0085/2025 and B10-0086/2025)
Sebastião Bugalho, Tomáš Zdechovský, Loucas Fourlas, Isabel Wiseler-Lima, David McAllister, Michael Gahler, Željana Zovko, Christophe Gomart, Isabel Benjumea Benjumea, Javier Zarzalejos, Luděk Niedermayer, Wouter Beke, Davor Ivo Stier, Michał Wawrykiewicz, Jessica Polfjärd, Danuše Nerudová, Andrey Kovatchev, Inese Vaidere
on behalf of the PPE Group
Yannis Maniatis, Francisco Assis, Evin Incir, Chloé Ridel, Daniel Attard, Alessandra Moretti
on behalf of the S&D Group
Rihards Kols, Mariusz Kamiński, Sebastian Tynkkynen, Carlo Fidanza, Reinis Pozņaks, Aurelijus Veryga, Ondřej Krutílek, Veronika Vrecionová, Alberico Gambino, Joachim Stanisław Brudziński, Dick Erixon, Beatrice Timgren, Waldemar Tomaszewski, Alexandr Vondra, Marion Maréchal, Małgorzata Gosiewska, Carlo Ciccioli, Charlie Weimers
on behalf of the ECR Group
Petras Auštrevičius, Oihane Agirregoitia Martínez, Malik Azmani, Dan Barna, Benoit Cassart, Olivier Chastel, Veronika Cifrová Ostrihoňová, Bart Groothuis, Bernard Guetta, Svenja Hahn, Karin Karlsbro, Ľubica Karvašová, Ilhan Kyuchyuk, Nathalie Loiseau, Jan-Christoph Oetjen, Urmas Paet, Marie-Agnes Strack-Zimmermann, Hilde Vautmans, Sophie Wilmès, Lucia Yar
on behalf of the Renew Group
Hannah Neumann
on behalf of the Verts/ALE Group
Per Clausen, Hanna Gedin, Jonas Sjöstedt

Case of Boualem Sansal in Algeria

Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):

on the case of Boualem Sansal in Algeria (2025/2512(RSP)) (RC-B10-0087/2025)
(replacing motions for resolutions B10-0087/2025, B10-0089/2025, B10-0091/2025, B10-0092/2025 and B10-0093/2025)
Sebastião Bugalho, Christophe Gomart, Isabel Wiseler-Lima, Michael Gahler, Luděk Niedermayer, Wouter Beke, Davor Ivo Stier, Michał Wawrykiewicz, Jessica Polfjärd, Tomáš Zdechovský, Andrey Kovatchev, Inese Vaidere
on behalf of the PPE Group
Yannis Maniatis, Francisco Assis, Marta Temido
on behalf of the S&D Group
Adam Bielan, Ondřej Krutílek, Veronika Vrecionová, Joachim Stanisław Brudziński, Waldemar Tomaszewski, Alexandr Vondra, Marion Maréchal, Sebastian Tynkkynen, Małgorzata Gosiewska
on behalf of the ECR Group
Helmut Brandstätter, Petras Auštrevičius, Malik Azmani, Dan Barna, Benoit Cassart, Olivier Chastel, Bernard Guetta, Ilhan Kyuchyuk, Nathalie Loiseau, Urmas Paet, Lucia Yar
on behalf of the Renew Group
Leoluca Orlando
on behalf of the Verts/ALE Group

Russia’s disinformation and historical falsification to justify its war of aggression against Ukraine

Motions for resolutions tabled under Rule 136(2) to wind up the debate:

on Russia’s disinformation and historical falsification to justify its war of aggression against Ukraine (2024/2988(RSP)) (B10-0074/2025)
Yannis Maniatis, Nacho Sánchez Amor, Thijs Reuten, Raphaël Glucksmann
on behalf of the S&D Group

on Russia’s disinformation and historical falsification to justify its war of aggression against Ukraine (2024/2988(RSP)) (B10-0075/2025)
Rasa Juknevičienė, Michael Gahler, Andrzej Halicki, Sebastião Bugalho, David McAllister, Siegfried Mureşan, Željana Zovko, Isabel Wiseler-Lima, Nicolás Pascual de la Parte, Mika Aaltola, Krzysztof Brejza, Daniel Caspary, Sandra Kalniete, Seán Kelly, Ondřej Kolář, Łukasz Kohut, Andrey Kovatchev, Miriam Lexmann, Antonio López-Istúriz White, Danuše Nerudová, Mirosława Nykiel, Ana Miguel Pedro, Paulius Saudargas, Davor Ivo Stier, Michał Szczerba, Alice Teodorescu Måwe, Ingeborg Ter Laak, Matej Tonin, Pekka Toveri, Inese Vaidere, Milan Zver
on behalf of the PPE Group

on Russia’s disinformation and historical falsification to justify its war of aggression against Ukraine (2024/2988(RSP)) (B10-0076/2025)
Sergey Lagodinsky, Hannah Neumann, Markéta Gregorová, Mārtiņš Staķis, Maria Ohisalo, Virginijus Sinkevičius, Villy Søvndal, Nicolae Ştefănuță, Reinier Van Lanschot
on behalf of the Verts/ALE Group

on Russia’s disinformation and historical falsification to justify its war of aggression against Ukraine (2024/2988(RSP)) (B10-0077/2025)
Bernard Guetta, Petras Auštrevičius, Malik Azmani, Dan Barna, Olivier Chastel, Karin Karlsbro, Ľubica Karvašová, Ilhan Kyuchyuk, Michał Kobosko, Jan-Christoph Oetjen, Urmas Paet, Marie-Agnes Strack-Zimmermann, Eugen Tomac, Hilde Vautmans, Sophie Wilmès, Lucia Yar, Dainius Žalimas
on behalf of the Renew Group

on Russia’s disinformation and historical falsification to justify its war of aggression against Ukraine (2024/2988(RSP)) (B10-0079/2025)
Adam Bielan, Mariusz Kamiński, Małgorzata Gosiewska, Joachim Stanisław Brudziński, Rihards Kols, Ondřej Krutílek, Jaak Madison, Ivaylo Valchev, Sebastian Tynkkynen, Veronika Vrecionová, Roberts Zīle, Aurelijus Veryga, Maciej Wąsik, Michał Dworczyk, Cristian Terheş, Reinis Pozņaks, Alexandr Vondra
on behalf of the ECR Group

Joint motion for a resolution tabled under Rule 136(2) and (4):

on Russia’s disinformation and historical falsification to justify its war of aggression against Ukraine (2024/2988(RSP)) (RC-B10-0074/2025)
(replacing motions for resolutions B10-0074/2025, B10-0075/2025, B10-0076/2025, B10-0077/2025 and B10-0079/2025)
Rasa Juknevičienė, Michael Gahler, Andrzej Halicki, Sebastião Bugalho, David McAllister, Siegfried Mureşan, Željana Zovko, Isabel Wiseler-Lima, Nicolás Pascual de la Parte, Mika Aaltola, Krzysztof Brejza, Daniel Caspary, Sandra Kalniete, Seán Kelly, Ondřej Kolář, Łukasz Kohut, Andrey Kovatchev, Miriam Lexmann, Antonio López-Istúriz White, Danuše Nerudová, Mirosława Nykiel, Ana Miguel Pedro, Paulius Saudargas, Davor Ivo Stier, Michał Szczerba, Alice Teodorescu Måwe, Ingeborg Ter Laak, Matej Tonin, Pekka Toveri, Inese Vaidere, Milan Zver
on behalf of the PPE Group
Yannis Maniatis, Nacho Sánchez Amor, Thijs Reuten, Raphaël Glucksmann
on behalf of the S&D Group
Adam Bielan, Rihards Kols, Reinis Pozņaks, Jadwiga Wiśniewska, Roberts Zīle, Ondřej Krutílek, Veronika Vrecionová, Jaak Madison, Małgorzata Gosiewska, Cristian Terheş, Maciej Wąsik, Ivaylo Valchev, Aurelijus Veryga, Joachim Stanisław Brudziński
on behalf of the ECR Group
Bernard Guetta, Petras Auštrevičius, Malik Azmani, Dan Barna, Benoit Cassart, Olivier Chastel, Karin Karlsbro, Veronika Cifrová Ostrihoňová, Ľubica Karvašová, Ilhan Kyuchyuk, Michał Kobosko, Nathalie Loiseau, Jan-Christoph Oetjen, Urmas Paet, Marie-Agnes Strack-Zimmermann, Eugen Tomac, Hilde Vautmans, Sophie Wilmès, Lucia Yar, Dainius Žalimas
on behalf of the Renew Group
Sergey Lagodinsky
on behalf of the Verts/ALE Group

Situation in Venezuela following the usurpation of the presidency on 10 January 2025

Motions for resolutions tabled under Rule 136(2) to wind up the debate:

on the situation in Venezuela following the usurpation of the presidency on 10 January 2025 (2025/2519(RSP)) (B10-0064/2025)
Gabriel Mato, Sebastião Bugalho, Davor Ivo Stier
on behalf of the PPE Group

on the situation in Venezuela following the usurpation of the presidency on 10 January 2025 (2025/2519(RSP)) (B10-0068/2025)
Jorge Buxadé Villalba, Hermann Tertsch, Jorge Martín Frías, Silvia Sardone, Nikola Bartůšek, Susanna Ceccardi, Roberto Vannacci, António Tânger Corrêa, Enikő Győri
on behalf of the PfE Group

on the situation in Venezuela following the usurpation of the presidency on 10 January 2025 (2025/2519(RSP)) (B10-0071/2025)
Leire Pajín
on behalf of the S&D Group
Catarina Vieira, Ville Niinistö, Nicolae Ştefănuță
on behalf of the Verts/ALE Group

on the situation in Venezuela following the usurpation of the presidency on 10 January 2025 (2025/2519(RSP)) (B10-0080/2025)
Oihane Agirregoitia Martínez, Petras Auštrevičius, Malik Azmani, Dan Barna, Helmut Brandstätter, Benoit Cassart, Olivier Chastel, João Cotrim De Figueiredo, Valérie Devaux, Karin Karlsbro, Ľubica Karvašová, Ilhan Kyuchyuk, Urmas Paet, Marie-Agnes Strack-Zimmermann, Ana Vasconcelos, Hilde Vautmans, Lucia Yar
on behalf of the Renew Group

on the situation in Venezuela following the usurpation of the presidency on 10 January 2025 (2025/2519(RSP)) (B10-0083/2025)
Carlo Fidanza, Adam Bielan, Mariusz Kamiński, Alberico Gambino, Waldemar Tomaszewski, Joachim Stanisław Brudziński, Diego Solier, Rihards Kols, Ondřej Krutílek, Jaak Madison, Nora Junco García, Şerban-Dimitrie Sturdza, Sebastian Tynkkynen, Veronika Vrecionová, Małgorzata Gosiewska, Jadwiga Wiśniewska, Alexandr Vondra
on behalf of the ECR Group

Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):

on the situation in Venezuela following the usurpation of the presidency on 10 January 2025 (2025/2519(RSP)) (RC-B10-0064/2025)
(replacing motions for resolutions B10-0064/2025, B10-0080/2025 and B10-0083/2025)
Gabriel Mato, Sebastião Bugalho, Davor Ivo Stier, Francisco José Millán Mon
on behalf of the PPE Group
Carlo Fidanza, Adam Bielan, Mariusz Kamiński, Ivaylo Valchev, Sebastian Tynkkynen, Ondřej Krutílek, Veronika Vrecionová, Rihards Kols, Alexandr Vondra, Małgorzata Gosiewska, Alberico Gambino, Joachim Stanisław Brudziński
on behalf of the ECR Group
Oihane Agirregoitia Martínez, Petras Auštrevičius, Dan Barna, Helmut Brandstätter, Benoit Cassart, Olivier Chastel, Veronika Cifrová Ostrihoňová, João Cotrim De Figueiredo, Karin Karlsbro, Ľubica Karvašová, Ilhan Kyuchyuk, Urmas Paet, Marie-Agnes Strack-Zimmermann, Ana Vasconcelos, Hilde Vautmans, Lucia Yar
on behalf of the Renew Group

II. Decisions to draw up own-initiative reports

Decisions to draw up own-initiative reports (Rule 55)

(Following the Conference of Presidents’ decision of 15 January 2025)

AFCO Committee

– Reform of the European Electoral Act – hurdles to ratification and implementation in the Member States (2025/2028(INI))

– Institutional aspects of the Report on the future of European Competitiveness (Draghi Report) (2025/2013(INI))

– Stock-taking of the European elections 2024 (2025/2012(INI))

AFET Committee

– 2023 and 2024 Commission reports on Ukraine (2025/2026(INI))

– 2023 and 2024 Commission reports on Moldova (2025/2025(INI))

– 2023 and 2024 Commission reports on Georgia (2025/2024(INI))

– 2023 and 2024 Commission reports on Türkiye (2025/2023(INI))

– 2023 and 2024 Commission reports on Serbia (2025/2022(INI))

– 2023 and 2024 Commission reports on North Macedonia (2025/2021(INI))

– 2023 and 2024 Commission reports on Montenegro (2025/2020(INI))

– 2023 and 2024 Commission reports on Kosovo (2025/2019(INI))

– 2023 and 2024 Commission reports on Bosnia and Herzegovina (2025/2018(INI))

– 2023 and 2024 Commission reports on Albania (2025/2017(INI))

DEVE Committee

– Financing for development – ahead of the Fourth International Conference on Financing for Development in Seville (2025/2004(INI))

– Implementation and delivery of the Sustainable Development Goals in view of the 2025 High-Level Political Forum (2025/2014(INI))
(opinion: FEMM)

IMCO Committee

– Implementation and streamlining of EU internal market rules to strengthen the single market (2025/2009(INI))

ITRE Committee

– Future of the EU biotechnology and biomanufacturing sector: leveraging research, boosting innovation and enhancing competitiveness (2025/2008(INI))

– European technological sovereignty and digital infrastructure (2025/2007(INI))

– Electricity grids: the backbone of the EU energy system (2025/2006(INI))

JURI Committee

– Monitoring the application of European Union law in 2023 and 2024 (2025/2016(INI))
(opinion: PETI)

– European Union regulatory fitness and subsidiarity and proportionality – report on Better Law-Making covering 2023 and 2024 (2025/2015(INI))

PECH Committee

– Fisheries management approaches for safeguarding sensitive species, tackling invasive species and benefiting local economies (2025/2011(INI))

– The role of social, economic and environmental standards in safeguarding fair competition for all aquatic food products and improving food security (2025/2010(INI))

PETI Committee

– Deliberations of the Committee on Petitions in 2023 (2025/2027(INI))

(Following the Conference of Presidents’ decision of 19 December 2024)

– The multiannual plan for the Baltic Sea and ways forward (2024/2127(INI))

– The impact of the implementation of the Maritime Spatial Planning Directive 2014/89/EU on fisheries in selected fishing areas and sea basins (2024/2126(INI))

– Decarbonisation and modernisation of EU fisheries, and the development and deployment of fishing gear (2024/2123(INI))

AGRI Committee

– The position of farmers in the agri-food value chain (2024/2122(INI))

ECON Committee

– The role of simple tax rules and tax fragmentation in European competitiveness (2024/2118(INI))

– A coherent tax framework for the EU’s financial sector (2024/2117(INI))

– Facilitating the financing of investments and reforms to boost European competitiveness and creating a Capital Markets Union (Draghi Report) (2024/2116(INI))
(opinion: BUDG)

FEMM Committee

– Gender Equality Strategy 2025 (2024/2125(INI))
(opinion: LIBE)

– Women’s entrepreneurship in rural and island areas and outermost regions (2024/2124(INI))
(opinion: AGRI)

IMCO Committee

– A new legislative framework for products that is fit for the digital and sustainable transition (2024/2119(INI))

REGI Committee

– The role of cohesion policy in supporting the just transition (2024/2121(INI))
(opinion: EMPL)

– The role of cohesion policy investment in resolving the current housing crisis (2024/2120(INI))
(opinion: EMPL)

III. Consent procedure

Reports with a motion for a non-legislative resolution (consent procedure) (Rule 107(5))

(Following notification by the Conference of Committee Chairs on 15 January 2025)

AFET Committee

– Interim report in view of the consent procedure on the Agreement establishing an association between the EU and the Principality of Andorra and the Republic of San Marino (2024/0101R(NLE) – 2024/0101(NLE))
(opinion: ECON, IMCO)

IV. Petitions

Petitions Nos 1427-24 to 1518-24 had been entered in the register on 17 January 2025 and had been forwarded to the committee responsible, in accordance with Rule 232(9) and (10).

The President had, on 17 January 2025, forwarded to the committee responsible, in accordance with Rule 232(15), petitions addressed to the European Parliament by natural or legal persons who were not citizens of the European Union and who did not reside, or have their registered office, in a Member State.

V. Documents received

The following documents had been received from Members:

– Mathilde Androuët, Gerolf Annemans, Jordan Bardella, Nikola Bartůšek, Rachel Blom, Barbara Bonte, Paolo Borchia, Mireia Borrás Pabón, Irmhild Boßdorf, Jaroslav Bžoch, Klara Dostalova, Marieke Ehlers, Dick Erixon, Tomasz Froelich, Petras Gražulis, Branko Grims, Catherine Griset, Enikő Győri, Roman Haider, Fernand Kartheiser, Ondřej Knotek, Vilis Krištopans, Julien Leonardelli, Jorge Martín Frías, Milan Mazurek, Tiago Moreira de Sá, Jana Nagyová, Hans Neuhoff, Julie Rechagneux, Dominik Tarczyński, Hermann Tertsch, Isabella Tovaglieri, António Tânger Corrêa, Milan Uhrík, Tom Vandendriessche, Harald Vilimsky, Ewa Zajączkowska-Hernik and Auke Zijlstra. Motion for a resolution on Dismantling Overregulation and Government Encroachment: reclaiming competitiveness and innovation in the European Union (B10-0214/2024)
referred to committee responsible: JURI
opinion: ITRE

– Pekka Toveri and Sebastian Tynkkynen. Motion for a resolution on restricting the ability of passenger and cargo traffic to enter European Union airspace from Russia (B10-0220/2024)
referred to committee responsible: TRAN
opinion: AFET

– Matthieu Valet. Motion for a resolution on EU policy on Syrian refugees following the overthrow of the Bashar al-Assad regime (B10-0237/2024)
referred to committee responsible: LIBE

– Christine Anderson, Anja Arndt, René Aust, Arno Bausemer, Zsuzsanna Borvendég, Markus Buchheit, Petr Bystron, Elisabeth Dieringer, Siegbert Frank Droese, Marc Jongen, Mary Khan, Sarah Knafo, Maximilian Krah and Jaroslava Pokorná Jermanová. Motion for a resolution on financial and organisational support for Member States to repatriate Syrian nationals (B10-0238/2024)
referred to committee responsible: LIBE

ATTENDANCE REGISTER

Present:

Aaltola Mika, Abadía Jover Maravillas, Adamowicz Magdalena, Aftias Georgios, Agirregoitia Martínez Oihane, Agius Peter, Agius Saliba Alex, Allione Grégory, Al-Sahlani Abir, Anadiotis Nikolaos, Anderson Christine, Andersson Li, Andresen Rasmus, Andrews Barry, Andriukaitis Vytenis Povilas, Androuët Mathilde, Angel Marc, Annemans Gerolf, Antoci Giuseppe, Arias Echeverría Pablo, Arimont Pascal, Arłukowicz Bartosz, Arnaoutoglou Sakis, Arndt Anja, Arvanitis Konstantinos, Asens Llodrà Jaume, Assis Francisco, Attard Daniel, Aubry Manon, Auštrevičius Petras, Axinia Adrian-George, Azmani Malik, Bajada Thomas, Baljeu Jeannette, Ballarín Cereza Laura, Bardella Jordan, Barley Katarina, Barna Dan, Barrena Arza Pernando, Bartulica Stephen Nikola, Bartůšek Nikola, Bausemer Arno, Bay Nicolas, Bay Christophe, Beke Wouter, Beleris Fredis, Bellamy François-Xavier, Benea Adrian-Dragoş, Benifei Brando, Benjumea Benjumea Isabel, Beňová Monika, Berendsen Tom, Berger Stefan, Berg Sibylle, Berlato Sergio, Bernhuber Alexander, Biedroń Robert, Bielan Adam, Bischoff Gabriele, Blaha Ľuboš, Blinkevičiūtė Vilija, Blom Rachel, Bloss Michael, Bocheński Tobiasz, Boeselager Damian, Bogdan Ioan-Rareş, Bonaccini Stefano, Bonte Barbara, Borchia Paolo, Borrás Pabón Mireia, Borvendég Zsuzsanna, Borzan Biljana, Bosanac Gordan, Bosse Stine, Botenga Marc, Boyer Gilles, Boylan Lynn, Brandstätter Helmut, Brasier-Clain Marie-Luce, Braun Grzegorz, Brejza Krzysztof, Bricmont Saskia, Brnjac Nikolina, Brudziński Joachim Stanisław, Bryłka Anna, Buczek Tomasz, Buda Daniel, Buda Waldemar, Budka Borys, Bugalho Sebastião, Buła Andrzej, Burkhardt Delara, Buxadé Villalba Jorge, Bžoch Jaroslav, Camara Mélissa, Canfin Pascal, Carberry Nina, Casa David, Caspary Daniel, Cassart Benoit, Castillo Laurent, del Castillo Vera Pilar, Cavazzini Anna, Cavedagna Stefano, Ceccardi Susanna, Cepeda José, Ceulemans Estelle, Chahim Mohammed, Chaibi Leila, Chastel Olivier, Chinnici Caterina, Christensen Asger, Ciccioli Carlo, Cifrová Ostrihoňová Veronika, Ciriani Alessandro, Cisint Anna Maria, Clausen Per, Clergeau Christophe, Cormand David, Corrado Annalisa, Costanzo Vivien, Cotrim De Figueiredo João, Cowen Barry, Cremer Tobias, Crespo Díaz Carmen, Cristea Andi, Cunha Paulo, Danielsson Johan, Dauchy Marie, Dávid Dóra, David Ivan, Decaro Antonio, de la Hoz Quintano Raúl, Della Valle Danilo, Deloge Valérie, De Masi Fabio, De Meo Salvatore, Demirel Özlem, Deutsch Tamás, Devaux Valérie, Dibrani Adnan, Diepeveen Ton, Dieringer Elisabeth, Dîncu Vasile, Di Rupo Elio, Doherty Regina, Doleschal Christian, Dömötör Csaba, Do Nascimento Cabral Paulo, Donazzan Elena, Dorfmann Herbert, Dostál Ondřej, Droese Siegbert Frank, Düpont Lena, Ecke Matthias, Ehler Christian, Ehlers Marieke, Eriksson Sofie, Erixon Dick, Eroglu Engin, Everding Sebastian, Ezcurra Almansa Alma, Falcone Marco, Farantouris Nikolas, Farreng Laurence, Farský Jan, Ferber Markus, Fernández Jonás, Fidanza Carlo, Fiocchi Pietro, Firmenich Ruth, Fita Claire, Fourlas Loucas, Fourreau Emma, Fragkos Emmanouil, Freund Daniel, Frigout Anne-Sophie, Fritzon Heléne, Froelich Tomasz, Fuglsang Niels, Furet Angéline, Furore Mario, Gahler Michael, Galán Estrella, Gálvez Lina, Gambino Alberico, García Hermida-Van Der Walle Raquel, Garraud Jean-Paul, Gasiuk-Pihowicz Kamila, Geadi Geadis, Gedin Hanna, Geese Alexandra, Geier Jens, Geisel Thomas, Gemma Chiara, Georgiou Giorgos, Gerbrandy Gerben-Jan, Germain Jean-Marc, Gerzsenyi Gabriella, Geuking Niels, Gieseke Jens, Giménez Larraz Borja, Girauta Vidal Juan Carlos, Glavak Sunčana, Glück Andreas, Glucksmann Raphaël, Goerens Charles, Gomart Christophe, Gomes Isilda, Gómez López Sandra, Gonçalves Bruno, Gonçalves Sérgio, González Pons Esteban, Gori Giorgio, Gosiewska Małgorzata, Gotink Dirk, Gozi Sandro, Grapini Maria, Gražulis Petras, Grims Branko, Griset Catherine, Gronkiewicz-Waltz Hanna, Groothuis Bart, Grossmann Elisabeth, Grudler Christophe, Gualmini Elisabetta, Guarda Cristina, Guetta Bernard, Guzenina Maria, Hadjipantela Michalis, Hahn Svenja, Haider Roman, Halicki Andrzej, Hassan Rima, Häusling Martin, Hava Mircea-Gheorghe, Hazekamp Anja, Heide Hannes, Heinäluoma Eero, Henriksson Anna-Maja, Herbst Niclas, Herranz García Esther, Hetman Krzysztof, Hohlmeier Monika, Hojsík Martin, Holmgren Pär, Hölvényi György, Homs Ginel Alicia, Humberto Sérgio, Ijabs Ivars, Imart Céline, Incir Evin, Inselvini Paolo, Iovanovici Şoşoacă Diana, Jalloul Muro Hana, Jamet France, Jerković Romana, Jongen Marc, Joński Dariusz, Joron Virginie, Jouvet Pierre, Joveva Irena, Juknevičienė Rasa, Junco García Nora, Jungbluth Alexander, Kabilov Taner, Kalfon François, Kaljurand Marina, Kalniete Sandra, Kamiński Mariusz, Kanev Radan, Karlsbro Karin, Kartheiser Fernand, Karvašová Ľubica, Katainen Elsi, Kefalogiannis Emmanouil, Kelleher Billy, Keller Fabienne, Kelly Seán, Kemp Martine, Kennes Rudi, Khan Mary, Kobosko Michał, Köhler Stefan, Kohut Łukasz, Kokalari Arba, Kolář Ondřej, Kollár Kinga, Kols Rihards, Konečná Kateřina, Kopacz Ewa, Körner Moritz, Kountoura Elena, Kovatchev Andrey, Krah Maximilian, Krištopans Vilis, Kruis Sebastian, Krutílek Ondřej, Kubín Tomáš, Kuhnke Alice, Kulja András Tivadar, Kulmuni Katri, Kyllönen Merja, Kyuchyuk Ilhan, Lagodinsky Sergey, Lakos Eszter, Lalucq Aurore, Lange Bernd, Langensiepen Katrin, Laššáková Judita, László András, Laurent Murielle, Laureti Camilla, Laykova Rada, Lazarov Ilia, Lazarus Luis-Vicențiu, Le Callennec Isabelle, Leggeri Fabrice, Lenaers Jeroen, Leonardelli Julien, Lewandowski Janusz, Lexmann Miriam, Liese Peter, Lins Norbert, Loiseau Nathalie, Løkkegaard Morten, Lopatka Reinhold, López Javi, López Aguilar Juan Fernando, López-Istúriz White Antonio, Lövin Isabella, Luena César, Łukacijewska Elżbieta Katarzyna, Lupo Giuseppe, McAllister David, Madison Jaak, Magoni Lara, Maij Marit, Maląg Marlena, Manda Claudiu, Mandl Lukas, Maniatis Yannis, Mantovani Mario, Maran Pierfrancesco, Marczułajtis-Walczak Jagna, Mariani Thierry, Marino Ignazio Roberto, Martín Frías Jorge, Martins Catarina, Martusciello Fulvio, Marzà Ibáñez Vicent, Matthieu Sara, Mavrides Costas, Mayer Georg, Mazurek Milan, Mažylis Liudas, McNamara Michael, Mebarek Nora, Mehnert Alexandra, Meleti Eleonora, Mendes Ana Catarina, Mendia Idoia, Mertens Verena, Mesure Marina, Metsola Roberta, Metz Tilly, Mikser Sven, Millán Mon Francisco José, Miranda Paz Ana, Molnár Csaba, Montero Irene, Montserrat Dolors, Morace Carolina, Moreira de Sá Tiago, Moreno Sánchez Javier, Moretti Alessandra, Motreanu Dan-Ştefan, Mularczyk Arkadiusz, Müller Piotr, Mullooly Ciaran, Mureşan Siegfried, Muşoiu Ştefan, Nagyová Jana, Navarrete Rojas Fernando, Negrescu Victor, Nemec Matjaž, Nerudová Danuše, Nesci Denis, Neuhoff Hans, Neumann Hannah, Nevado del Campo Elena, Niebler Angelika, Niedermayer Luděk, Niinistö Ville, Nikolic Aleksandar, Ní Mhurchú Cynthia, Noichl Maria, Nordqvist Rasmus, Novakov Andrey, Nykiel Mirosława, Obajtek Daniel, Ódor Ľudovít, Oetjen Jan-Christoph, Ohisalo Maria, Oliveira João, Olivier Philippe, Omarjee Younous, Ondruš Branislav, Ó Ríordáin Aodhán, Ozdoba Jacek, Paet Urmas, Pajín Leire, Palmisano Valentina, Papadakis Kostas, Papandreou Nikos, Pappas Nikos, Pascual de la Parte Nicolás, Pedro Ana Miguel, Pedulla’ Gaetano, Pellerin-Carlin Thomas, Peltier Guillaume, Penkova Tsvetelina, Pennelle Gilles, Pereira Lídia, Peter-Hansen Kira Marie, Petrov Hristo, Picaro Michele, Picula Tonino, Piera Pascale, Pimpie Pierre, Piperea Gheorghe, de la Pisa Carrión Margarita, Pokorná Jermanová Jaroslava, Polato Daniele, Polfjärd Jessica, Popescu Virgil-Daniel, Pozņaks Reinis, Princi Giusi, Protas Jacek, Pürner Friedrich, Rackete Carola, Radev Emil, Radtke Dennis, Rafowicz Emma, Ratas Jüri, Rechagneux Julie, Regner Evelyn, Repasi René, Repp Sabrina, Ressler Karlo, Reuten Thijs, Riba i Giner Diana, Ricci Matteo, Riehl Nela, Ripa Manuela, Rodrigues André, Ros Sempere Marcos, Roth Neveďalová Katarína, Rougé André, Ruissen Bert-Jan, Ruotolo Sandro, Rzońca Bogdan, Saeidi Arash, Salini Massimiliano, Salis Ilaria, Salla Aura, Sánchez Amor Nacho, Sanchez Julien, Sancho Murillo Elena, Saramo Jussi, Sardone Silvia, Šarec Marjan, Sargiacomo Eric, Satouri Mounir, Saudargas Paulius, Sbai Majdouline, Sberna Antonella, Schaldemose Christel, Schaller-Baross Ernő, Schenk Oliver, Scheuring-Wielgus Joanna, Schieder Andreas, Schilling Lena, Schneider Christine, Schwab Andreas, Scuderi Benedetta, Seekatz Ralf, Sell Alexander, Serrano Sierra Rosa, Serra Sánchez Isabel, Sienkiewicz Bartłomiej, Simon Sven, Singer Christine, Sinkevičius Virginijus, Sippel Birgit, Sjöstedt Jonas, Śmiszek Krzysztof, Smith Anthony, Smit Sander, Sokol Tomislav, Solier Diego, Sommen Liesbet, Sonneborn Martin, Sorel Malika, Sousa Silva Hélder, Søvndal Villy, Squarta Marco, Staķis Mārtiņš, Stancanelli Raffaele, Stier Davor Ivo, Stöteler Sebastiaan, Stoyanov Stanislav, Strack-Zimmermann Marie-Agnes, Strada Cecilia, Streit Joachim, Strik Tineke, Strolenberg Anna, Stürgkh Anna, Sypniewski Marcin, Szczerba Michał, Szekeres Pál, Szydło Beata, Tamburrano Dario, Tânger Corrêa António, Tarquinio Marco, Târziu Claudiu-Richard, Tavares Carla, Tegethoff Kai, Temido Marta, Teodorescu Georgiana, Teodorescu Måwe Alice, Ter Laak Ingeborg, Terras Riho, Thionnet Pierre-Romain, Timgren Beatrice, Tinagli Irene, Tobback Bruno, Tobé Tomas, Tolassy Rody, Tomašič Zala, Tomc Romana, Tonin Matej, Toom Jana, Topo Raffaele, Torselli Francesco, Tosi Flavio, Toussaint Marie, Toveri Pekka, Tridico Pasquale, Trochu Laurence, Tsiodras Dimitris, Tudose Mihai, Tynkkynen Sebastian, Uhrík Milan, Ušakovs Nils, Vaidere Inese, Valchev Ivaylo, Vălean Adina, Valet Matthieu, Van Brempt Kathleen, Van Brug Anouk, van den Berg Brigitte, Vandendriessche Tom, Van Dijck Kris, Van Lanschot Reinier, Van Leeuwen Jessika, Vannacci Roberto, Van Overtveldt Johan, Van Sparrentak Kim, Varaut Alexandre, Vasconcelos Ana, Vasile-Voiculescu Vlad, Vautmans Hilde, Vedrenne Marie-Pierre, Ventola Francesco, Verheyen Sabine, Verougstraete Yvan, Veryga Aurelijus, Vieira Catarina, Vigenin Kristian, Vilimsky Harald, Vincze Loránt, Vind Marianne, Vistisen Anders, Vivaldini Mariateresa, Volgin Petar, von der Schulenburg Michael, Vondra Alexandr, Voss Axel, Vozemberg-Vrionidi Elissavet, Vrecionová Veronika, Vázquez Lázara Adrián, Waitz Thomas, Walsmann Marion, Warborn Jörgen, Warnke Jan-Peter, Wąsik Maciej, Wawrykiewicz Michał, Wcisło Marta, Wechsler Andrea, Werbrouck Séverine, Wiesner Emma, Wiezik Michal, Wilmès Sophie, Winkler Iuliu, Winzig Angelika, Wiseler-Lima Isabel, Wiśniewska Jadwiga, Wölken Tiemo, Wolters Lara, Yar Lucia, Yon-Courtin Stéphanie, Zacharia Maria, Zajączkowska-Hernik Ewa, Zalewska Anna, Žalimas Dainius, Zan Alessandro, Zarzalejos Javier, Zdechovský Tomáš, Zdrojewski Bogdan Andrzej, Zijlstra Auke, Zīle Roberts, Zingaretti Nicola, Złotowski Kosma, Zoido Álvarez Juan Ignacio, Zovko Željana, Zver Milan

Excused:

Sidl Günther

ANNEX 1 – Composition of new committees

C01A SEDE

[ 20/01/2025 – ]

Комисия по сигурност и отбрана

Comisión de Seguridad y Defensa

Výbor pro bezpečnost a obranu

Udvalget om Sikkerhed og Forsvar

Ausschuss für Sicherheit und Verteidigung

Julgeoleku- ja kaitsekomisjon

Επιτροπή Ασφάλειας και Άμυνας

Committee on Security and Defence

Commission de la sécurité et de la défense

An Coiste um Shlándáil agus Cosaint

Odbor za sigurnost i obranu

Commissione per la sicurezza e la difesa

Drošības un aizsardzības komiteja

Saugumo ir gynybos komitetas

ssBiztonság- és Védelempolitikai Bizottság

Kumitat għas-Sigurtà u d-Difiża

Commissie veiligheid en defensie

Komisja Bezpieczeństwa i Obrony

Comissão da Segurança e da Defesa

Comisia pentru securitate și apărare

Výbor pre bezpečnosť a obranu

Odbor za varnost in obrambo

Turvallisuus- ja puolustuspolitiikan valiokunta

Utskottet för säkerhet och försvar

(43 members)

PPE (11)

BEKE Wouter

DE MEO Salvatore

GOMART Christophe

HERBST Niclas

MEIMARAKIS Vangelis

NOVAKOV Andrey

PASCUAL DE LA PARTE Nicolás

SZCZERBA Michał

TEODORESCU MÅWE Alice

TERRAS Riho

TOVERI Pekka

S&D (8)

CREMER Tobias

DI RUPO Elio

GLUCKSMANN Raphaël

LÓPEZ Javi

MAVRIDES Costas

MENDES Ana Catarina

MIKSER Sven

TUDOSE Mihai

PfE (5)

HÖLVÉNYI György

POKORNÁ JERMANOVÁ Jaroslava

STÖTELER Sebastiaan

THIONNET Pierre-Romain

VANNACCI Roberto

ECR (5)

DONAZZAN Elena

DWORCZYK Michał

GAMBINO Alberico

POZŅAKS Reinis

VONDRA Alexandr

Renew (5)

AUŠTREVIČIUS Petras

LOISEAU Nathalie

ŠAREC Marjan

STRACK-ZIMMERMANN Marie-Agnes

YAR Lucia

Verts/ALE (3)

NEUMANN Hannah

STAĶIS Mārtiņš

VAN LANSCHOT Reinier

The Left (3)

BOTENGA Marc

DEMIREL Özlem

KYLLÖNEN Merja

ESN (1)

NEUHOFF Hans

NI (2)

PAPADAKIS Kostas

VON DER SCHULENBURG Michael

C08A SANT

[ 20/01/2025 – ]

Комисия по обществено здраве

Comisión de Salud Pública

Výbor pro veřejné zdraví

Udvalget om Folkesundhed

Ausschuss für öffentliche Gesundheit

Rahvatervishoiu komisjon

Επιτροπή Δημόσιας Υγείας

Committee on Public Health

Commission de la santé publique

An Coiste um Shláinte Phoiblí

Odbor za javno zdravlje

Commissione per la sanità pubblica

Sabiedrības veselības komiteja

Visuomenės sveikatos komitetas

Közegészségügyi Bizottság

Kumitat għas-Saħħa Pubblika

Commissie volksgezondheid

Komisja Zdrowia Publicznego

Comissão da Saúde Pública

Comisia pentru sănătate publică

Výbor pre verejné zdravie

Odbor za javno zdravje

Kansanterveyden valiokunta

Utskottet för folkhälsa

(43 members)

PPE (11)

ARŁUKOWICZ Bartosz

CASTILLO Laurent

HADJIPANTELA Michalis

JARUBAS Adam

KULJA András Tivadar

LIESE Peter

MORATTI Letizia

NEVADO DEL CAMPO Elena

POLFJÄRD Jessica

SCHENK Oliver

SOKOL Tomislav

S&D (8)

ANDRIUKAITIS Vytenis Povilas

CLERGEAU Christophe

GONZÁLEZ CASARES Nicolás

JERKOVIĆ Romana

MORETTI Alessandra

NEGRESCU Victor

PAPANDREOU Nikos

WÖLKEN Tiemo

PfE (5)

BRASIER-CLAIN Marie-Luce

DE LA PISA CARRIÓN Margarita

FERENC Viktória

HAUSER Gerald

KNOTEK Ondřej

ECR (5)

BUDA Waldemar

FRAGKOS Emmanouil

PICARO Michele

RAZZA Ruggero

TROCHU Laurence

Renew (5)

BOSSE Stine

CANFIN Pascal

CHASTEL Olivier

CIFROVÁ OSTRIHOŇOVÁ Veronika

VASILE-VOICULESCU Vlad

Verts/ALE (3)

HÄUSLING Martin

MARINO Ignazio Roberto

METZ Tilly

The Left (3)

MARTINS Catarina

PALMISANO Valentina

TAMBURRANO Dario

ESN (1)

ANDERSON Christine

NI (2)

BEŇOVÁ Monika

DOSTÁL Ondřej

CS01 EUDS

[ 20/01/2025 – ]

Специална комисия относно европейския щит за демокрацията

Comisión Especial sobre el Escudo Europeo de la Democracia

Zvláštní výbor pro Evropský štít pro demokracii

Det Særlige Udvalg om Det Europæiske Demokratiskjold

Sonderausschuss für den Europäischen Schutzschild für die Demokratie

Euroopa demokraatia kaitse erikomisjon

Ειδική Επιτροπή για την Ευρωπαϊκή Ασπίδα Δημοκρατίας

Special committee on the European Democracy Shield

Commission spéciale sur le bouclier européen de la démocratie

An Coiste Speisialta um an Sciath Eorpach don Daonlathas

Posebni odbor za europski štit za zaštitu demokracije

Commissione speciale sullo scudo europeo per la democrazia

Īpašā komiteja attiecībā uz Eiropas demokrātijas vairogu

Specialusis komitetas Europos demokratijos skydo klausimais

Az európai demokráciapajzzsal foglalkozó különbizottság

Kumitat Speċjali dwar it-Tarka Ewropea għad-Demokrazija

Bijzondere Commissie inzake een schild voor de Europese democratie

Komisja Specjalna ds. Europejskiej Tarczy Demokracji

Comissão Especial sobre o Escudo Europeu da Democracia

Comisia specială pentru Scutul democrației europene

Osobitný výbor pre európsky štít na obranu demokracie

Posebni odbor za evropski ščit za demokracijo

Eurooppalaista demokratian kilpeä käsittelevä erityisvaliokunta

Särskilda utskottet för det europeiska demokratiförsvaret

(33 members)

PPE (9)

AALTOLA Mika

BOGDAN Ioan-Rareş

DÜPONT Lena

KALNIETE Sandra

MARTUSCIELLO Fulvio

SIENKIEWICZ Bartłomiej

TOBÉ Tomas

ZDECHOVSKÝ Tomáš

ZOIDO ÁLVAREZ Juan Ignacio

S&D (6)

DÎNCU Vasile

MENDES Ana Catarina

MOLNÁR Csaba

PICIERNO Pina

SCHALDEMOSE Christel

VAN BREMPT Kathleen

PfE (4)

BŽOCH Jaroslav

LEGGERI Fabrice

SCHALLER-BAROSS Ernő

TÂNGER CORRÊA António

ECR (4)

CAVEDAGNA Stefano

KANKO Assita

SZYDŁO Beata

TERHEŞ Cristian

Renew (4)

BRANDSTÄTTER Helmut

GROOTHUIS Bart

LOISEAU Nathalie

WILMÈS Sophie

Verts/ALE (2)

GEESE Alexandra

VAN SPARRENTAK Kim

The Left (2)

ARVANITIS Konstantinos

DELLA VALLE Danilo

ESN (1)

ANDERSON Christine

NI (1)

PANAYIOTOU Fidias

CS02 HOUS

[ 20/01/2025 – ]

Специална комисия относно жилищната криза в Европейския съюз

Comisión Especial sobre la Crisis de la Vivienda en la Unión Europea

Zvláštní výbor pro krizi v oblasti bydlení v Evropské unii

Det Særlige Udvalg om Boligkrisen i Den Europæiske Union

Sonderausschuss zur Wohnraumkrise in der Europäischen Union

Euroopa Liidu eluasemekriisi erikomisjon

Ειδική Επιτροπή για τη στεγαστική κρίση στην Ευρωπαϊκή Ένωση

Special committee on the Housing Crisis in the European Union

Commission spéciale sur la crise du logement dans l’Union européenne

An Coiste Speisialta um an nGéarchéim Tithíochta san Aontas Eorpach

Posebni odbor za stambenu krizu u Europskoj uniji

Commissione speciale sulla crisi degli alloggi nell’Unione europea

Īpašā komiteja mājokļu krīzes risināšanai Eiropas Savienībā

Specialusis komitetas būsto krizės Europos Sąjungoje klausimais

Az Európai Unióban tapasztalható lakhatási válsággal foglalkozó különbizottság

Kumitat Speċjali dwar il-Kriżi tal-Akkomodazzjoni fl-Unjoni Ewropea

Bijzondere Commissie inzake de huisvestingscrisis in de Europese Unie

Komisja Specjalna ds. Kryzysu Mieszkaniowego w Unii Europejskiej

Comissão Especial sobre a Crise de Habitação na União Europeia

Comisia specială pentru criza locuințelor în Uniunea Europeană

Osobitný výbor pre krízu bývania v Európskej únii

Posebni odbor za stanovanjsko krizo v Evropski uniji

Asuntokriisiä Euroopan unionissa käsittelevä erityisvaliokunta

Särskilda utskottet för bostadskrisen i Europeiska unionen

(33 members)

PPE (9)

BUGALHO Sebastião

CASA David

DOHERTY Regina

EZCURRA ALMANSA Alma

FALCONE Marco

FERBER Markus

GOTINK Dirk

LE CALLENNEC Isabelle

MARCZUŁAJTIS-WALCZAK Jagna

S&D (6)

BISCHOFF Gabriele

GOMES Isilda

HOMS GINEL Alicia

MEBAREK Nora

SCHIEDER Andreas

TINAGLI Irene

PfE (4)

BLOM Rachel

DOSTALOVA Klara

HÖLVÉNYI György

RECHAGNEUX Julie

ECR (4)

JUNCO GARCÍA Nora

MAGONI Lara

SBERNA Antonella

TEODORESCU Georgiana

Renew (4)

HOJSÍK Martin

MULLOOLY Ciaran

TOOM Jana

VAN DEN BERG Brigitte

Verts/ALE (2)

MARZÀ IBÁÑEZ Vicent

OHISALO Maria

The Left (2)

CHAIBI Leila

MONTERO Irene

ESN (1)

BOSSDORF Irmhild

NI (1)

ZACHARIA Maria

MIL OSI Europe News –

January 25, 2025

MIL-OSI Security: IAEA Work Central at World Economic Forum in Davos

Source: International Atomic Energy Agency – IAEA

“The work of the IAEA is at the centre of the debates. In particular, the nexus between nuclear energy and artificial intelligence has attracted a lot of attention,” the Director General said in Davos.

The IAEA held a session on nuclear’s role in meeting energy demands for artificial intelligence (AI), with experts from Bloomberg and technology venture capitalists DCVC. “Big tech needs nuclear to power energy-intensive AI data centres,” explained Mr Grossi.

A major event was also held on tripling nuclear energy, and the need for standardization, regulation, financing and collaboration in scaling up nuclear.

A few years ago, discussions might have been about phasing out nuclear energy.

Today, at @wef #WEF25, we’re on “the road to tripling nuclear capacity”. This shows how nuclear is increasingly seen as essential for net-zero and energy transition.

Watch ↓ https://t.co/P9oRXGX2Dg

— Rafael MarianoGrossi (@rafaelmgrossi) January 21, 2025

The Director General met with multiple world leaders to discuss development, energy and world peace, including Panama’s President Jose Raul Mulino, Israel’s President Isaac Herzog, Austria’s Chancellor Alexander Schallenberg and Flanders’ Minister-President Matthias Diependaele.

Mr Grossi and Mr Mulino engaged on the IAEA’s Atoms4Food programme, as well as improving cancer care with the IAEA’s Rays Of Hope programme. “The IAEA is proud to stand with Panama in building a healthier, more resilient future for its people,” the Director General said.

The IAEA’s work on health, food and nutrition was a focus of multiple high-level dialogues. For example, Mr Grossi met with Viet Nam’s Minister of Science and Technology Huynh Thanh Dat to discuss the drought-tolerant, high-yield rice varieties that were developed with IAEA support, and with the CEO of Anglo American, Duncan Wanblad, on progress on a joint research project to fight soil salinity and advance sustainable farming practices.

Another key topic for the week was international security, particularly the IAEA’s role in ensuring nonproliferation worldwide.

The Director General was a speaker at the World Economic Forum’s Rubik’s Cube of Global Security, where he addressed pressures on nonproliferation amid rising geostrategic tensions, alongside Finland’s President Alexander Stubb, Libya’s Prime Minister Abdulhamid AlDabaiba, the International Crisis Group, Comfort Ero, Harvard Kennedy School’s Meghan O’Sullivan, and Foreign Affairs Magazine’s Dan Kurtz-Phelan.

Addressed pressures on nonproliferation amid rising geostrategic tensions at @wef #WEF25 Rubik’s Cube of Global Security. In today’s complex geopolitical landscape, the nonproliferation regime remains indispensable and, despite challenges, it has served the global community well. pic.twitter.com/58oDiyHuTv

— Rafael MarianoGrossi (@rafaelmgrossi) January 22, 2025

Watch the recording of the session here.

The Director General was also active in closed sessions on artificial intelligence and sustainable energy in Latin America with leaders of the region, as well as an event on growing the African economy with leaders from the continent.

“The mission and the importance of the IAEA continue to grow. This is why we are here in Davos,” concluded the Director General.

MIL Security OSI –

January 25, 2025
MIL-OSI Russia: About 6.5 thousand students completed internships at Rosneft enterprises in 2024

Translartion. Region: Russians Fedetion –

Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

In 2024, about 6.5 thousand students completed internships at Rosneft subsidiaries, including those from the company’s key partner universities – Lomonosov Moscow State University, MGIMO of the Ministry of Foreign Affairs of Russia, Gubkin Russian State University of Oil and Gas (National Research University), Far Eastern Federal University and others. Students get acquainted with the work of oil workers directly at the Company’s production facilities, which allows future specialists to apply the knowledge they gained at educational institutions in practice.

Rosneft develops cooperation with higher and secondary educational institutions of Russia within the framework of the corporate system of continuous education “School-College/University-Enterprise”. The company cooperates with 203 educational partner organizations, including 82 Russian and foreign universities, 65 colleges and 56 schools. Rosneft annually invests more than 1 billion rubles in the development of educational partner organizations. The program has been in effect since 2005 and is aimed at forming a young external personnel reserve from among schoolchildren and students in the regions of the Company’s production activities, as well as at the constant growth of professional competencies of its employees.

With the support of Rosneft, unique programs are being created in a number of areas of student training. Thus, with the support of RN-Vankor, 9 new specialized areas of training have been opened in technical schools and colleges. Rosneft’s Scientific Institute in Tyumen has created basic departments at Tyumen Industrial and Tyumen State Universities. The Company’s basic departments at the country’s leading universities implement specialized master’s programs, hold conferences and internships, and develop and publish educational and methodological materials.

The Company’s enterprises also take an active part in equipping colleges and universities with modern equipment and creating laboratories. Thus, in 2024, Samotlorneftegaz equipped educational sites in two branches of Ugra State University – a multifunctional simulator for the development and operation of wells was installed at the Oil Institute, and a laboratory for assessing the chemical and physical quality of oil and gas was created at the Multidisciplinary College. In addition, a laboratory of geospatial technologies was opened at the Nizhnevartovsk Construction College with funds from the enterprise. “Taas-Yuryakh Neftegazodobycha” opened an educational and training complex “Factory of Full Cycle Oil and Gas Production Processes” on the basis of the Regional Technical College, and also equipped the “Digital Oil and Gas Field” research laboratory at the North-Eastern Federal University with high-resolution video panels . Verkhnechonskneftegaz equipped the Oil and Gas Engineering training center of the Irkutsk National Research Technical University with a training ground for conducting practical classes on safe work, and Orenburgneft allocated funds for the purchase of a mobile drilling rig for the Department of Geology of Orenburg State University. In addition, the Kuibyshev Refinery helped the educational laboratory of the Faculty of Chemical Technology of the Samara State Technical University acquire modern pilot plants that are analogues of real industrial oil refining facilities, and the Syzran Refinery opened a class of computer simulators in the Syzran branch of the Samara State Technical University.

In order to select and motivate the best students for practical training and subsequent employment, Rosneft enterprises implement career guidance events. Thus, Udmurtneft held Udmurtneft Days in oil universities in Moscow, Yekaterinburg, Perm, Kazan and Izhevsk. SamaraNIPIneft organized a competition of scientific grants for students, postgraduates and master’s students of Samara State Technical University, 39 participants received cash grants to continue their research work. Specialists of Novokuibyshevsk Oil and Additives Plant together with teachers of Novokuibyshevsk Petrochemical College implemented a pilot project “Vector of Professionalism” aimed at identifying talented and promising young people from among students of the company’s specialized specialties.

Rosneft also creates conditions for developing the competencies of scientific and pedagogical staff. Internships for teachers are organized at the Angarsk Polymer Plant, Saratov Oil Refinery, RN-Yuganskneftegaz and Samotlorneftegaz. These events allow teachers to gain valuable practical experience, get acquainted with modern technologies and see the production process with their own eyes.

Department of Information and Advertising of PJSC NK Rosneft January 24, 2025

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 –

January 25, 2025
MIL-OSI United Kingdom: Go Greener Faster: Council grant funds community workshops for renewable energy.

Source: City of Winchester

Energise South Downs is running a series of renewable energy workshops for communities across the district, supported by the council’s Go Greener Faster grants scheme.

Participants at the Future Energy Landscapes workshops can learn about the benefits of locally generated renewable energy, how it can power communities and help reduce their carbon footprint. They are open to everyone who wants to learn more about renewable energy, whether they are a supporter, or have concerns about what the transition away from fossil fuels may mean for their local area. Everyone is invited to join the conversation.

Upcoming Future Energy Landscapes workshops are taking place in the following areas:

Shedfield, Swanmore, Waltham Chase – 10am–12.30pm Saturday 25 January
Otterbourne – 7pm–9.30pm – Tuesday 4 February
East Meon – 7pm–9.30pm – Wednesday 5 March
Denmead – 7pm–9.30pm – Tuesday 11 March

Residents can find out more and book a place on Future Energy Landscapes: https://esd.energy/events/future-energy-landscapes/

Councillor Kelsie Learney, Cabinet Member for Climate Emergency said: “The brilliant thing about these workshops is that they truly put the community at the heart of their future energy options. We know that many people across the district are keen to explore renewable energy and take action, and these workshops will help local communities learn more or even discuss their concerns. We know it will take all our collective efforts to provide the greener, cleaner future we all hope for and reach our ambitious target of being a carbon neutral district by 2030. Our hope is that many people come along and join the conversation.”

Last Updated: Friday 24 January 2025

MIL OSI United Kingdom –

January 25, 2025
MIL-OSI Africa: Africa’s Power Revolution: Mission 300 to Light up Continent’s Future
Source: Africa Press Organisation – English (2) – Report:

ABIDJAN, Ivory Coast, January 24, 2025/APO Group/ —
- Exceptional World Bank Group-African Development Bank (http://www.AfDB.org/en) Collaboration to Connect 300 million People to Electricity by 2030
- Dar es Salaam Energy Summit to Chart Pathways for Energy Transformation
In a continent where millions of homes are still shrouded in darkness each night, a groundbreaking initiative is sparking hope. Next week, African and global changemakers will converge in Dar es Salaam, Tanzania, for the inaugural Africa Heads of State Energy Summit, where they will commit to an ambitious project to connect 300 million Africans to electricity by 2030.

The initiative, dubbed ‘Mission 300’ (M300), represents an unprecedented collaboration between the African Development Bank and the World Bank Group, alongside other global partners. The project aims to bridge the continent’s vast power divide by leveraging cutting-edge technology and innovative financing.

Several heads of state and Government from Africa and the rest of the world, will join 1,500 other participants—with strong representation from the private sector—at the January 27-28 summit. Together, they will chart Africa’s course toward universal access to affordable, reliable, and sustainable energy by 2030.

This initiative comes at a critical time: nearly 600 million Africans, representing a staggering 83 percent of the world’s energy-deprived population, lack access to electricity.

“No economy can grow, industrialize, or be competitive in the dark,” declared African Development Bank Group President Dr. Akinwumi Adesina. “This partnership is a game changer for Africa’s development.” Mission 300, launched at the World Bank/IMF Spring Meetings 2024, also has the backing of the Group of Seven (G7) and the G20.

Next week’s summit is expected to yield two significant outcomes: the Dar es Salaam Energy Declaration, stating commitments and reform actions from African governments to reform the energy sector, and the first set of National Energy Compacts, which will serve as blueprints for country-specific transformations.

Under the first phase of Mission 300, twelve countries will present their energy compacts: Chad, Côte d’Ivoire, the Democratic Republic of the Congo, Liberia, Madagascar, Malawi, Mauritania, Niger, Nigeria, Senegal, Tanzania, and Zambia. These countries represent more than half of the global population lacking access to electricity and a quarter of those lacking clean cooking solutions. Other African countries are expected to develop their compacts in subsequent phases.

The two-day gathering will also highlight energy sector successes in selected countries, establish an alliance of sector stakeholders to accelerate energy infrastructure investments, and strengthen regional power planning, market trade, and policy frameworks. These efforts will support the implementation of the Continental Master Plan and the African Single Electricity Market.

World Bank Group President Ajay Banga outlined a three-pronged approach for success: “We need action from governments, financing from multilateral development banks, and investment from the private sector.”

Already, the Global Energy Alliance for People and Planet and The Rockefeller Foundation have committed $10 million to technical assistance for electricity projects across 11 African nations—from Nigeria’s bustling cities to Madagascar’s remote villages—while energizing initiatives within COMESA, Africa’s largest regional economic community.

Pioneering Role

As Africa’s premier development finance institution, the African Development Bank Group brings substantial experience to the M300 initiative. The Bank’s current portfolio and pipeline of energy projects are forecast to deliver access to 43 million connections. Under Mission 300 and the Bank’s new Ten-Year Strategy, this will increase to 50 million connections, complemented by the World Bank’s pledge of 250 million connections by 2030.

The Bank’s track record includes landmark projects such as Kenya’s Lake Turkana Wind Power Project, which added 310 megawatts to the country’s capacity. Another ambitious effort, the Desert to Power (D2P) initiative, aims to transform Africa’s vast, sun-drenched Sahel region into a solar energy powerhouse spanning 11 countries, connecting 250 million people.

Recent successes under the D2P initiative include a $302.9 million loan co-financing for a solar power plant and electricity interconnection project between Mauritania and Mali. This project is expected to benefit 100,000 households. Through its Sustainable Energy Fund for Africa (SEFA), the Bank has supported green mini-grid projects across the continent.

As Africa works toward universal access to affordable, reliable, and sustainable energy by 2030, Mission 300 offers more than infrastructure development. For millions of Africans who have never known reliable electricity, it represents the promise of transformation—not just of the energy landscape but of daily lives.

The continent’s leaders and changemakers gathering in Dar es Salaam next week will set the stage for Africa’s electrification revolution. The partnerships forged and commitments made there will shape the continent’s journey toward achieving universal energy access, transforming millions of lives, and driving sustainable development.

“The entire world will be watching us,” Adesina said in anticipation.

Join in the conversation via our X Space live (http://apo-opa.co/42KL4wX) today.

Learn more about Mission 300 and the Africa Energy Summit here (http://apo-opa.co/3CbevgL).

MIL OSI Africa –
January 25, 2025
MIL-OSI USA: New solar plants expected to support most U.S. electric generation growth

Source: US Energy Information Administration

In-brief analysis

January 24, 2025

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2025
Note: Capacity values represent the amount of generating capacity at utility-scale power plants (greater than 1 megawatt). Other renewables include geothermal, waste biomass, wood biomass, and pumped storage hydropower.

In our latest Short-Term Energy Outlook (STEO), we expect that U.S. renewable capacity additions—especially solar—will continue to drive the growth of U.S. power generation over the next two years. We expect U.S. utilities and independent power producers will add 26 gigawatts (GW) of solar capacity to the U.S. electric power sector in 2025 and 22 GW in 2026. Last year, the electric power sector added a record 37 GW of solar power capacity to the electric power sector, almost double 2023 solar capacity additions. We forecast wind capacity additions will increase by around 8 GW in 2025 and 9 GW in 2026, slight increases from the 7 GW added in 2024.

In contrast to solar and wind, generating capacity for most other energy sources will remain mostly unchanged in 2025 and 2026. Natural gas-fired capacity growth slowed in 2024, with only 1 GW of capacity added to the power mix, but natural gas remains the largest source of U.S. power generation.

We forecast U.S. coal retirements will accelerate, removing 6% (11 GW) of coal generating capacity from the U.S. electricity sector in 2025 and removing another 2% (4 GW) in 2026. Last year, coal retirements represented about 3 GW of electric power capacity removed from the power system, which is the lowest annual amount of coal capacity retired since 2011.

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook
Note: Other renewables include geothermal, waste biomass, wood biomass, and pumped storage hydropower.

We expect that planned renewable capacity additions will support most of the growth in U.S. electric power generation, which we expect will increase by 2% in 2025 and by 1% in 2026. The U.S. electric power sector produced a total of 4,155 billion kilowatthours (kWh) of electricity in 2024, up 3% from 2023.

Natural gas
In 2024, U.S. natural gas-fired power plants generated a total of 1,767 billion kWh, 4% more than in 2023. Natural gas-fired power accounted for around 42% of the U.S. electricity mix, mostly unchanged compared with 2023. We expect natural gas generation will decline in 2025 by 3% to 1,712 billion kWh and decrease a further 1% to 1,692 billion kWh in 2026.

Renewables
We expect renewable power generation will increase 12% in the United States to 1,058 billion kWh in 2025 and increase a further 8% to 1,138 billion kWh in 2026. Renewable sources were the second-largest contributor to U.S. power generation in 2024 and accounted for 945 billion kWh, up 9% from 2023.

Nuclear
We expect U.S. nuclear power generation to grow 2% to 796 billion kWh in 2025 and increase a further 1% to 800 billion kWh in 2026. Nuclear power generation in 2024 was up slightly from 2023, totaling 781 billion kWh. Increased nuclear generation in the forecast is partly due to the addition of the two Vogtle power plant units that began commercial operations in July 2023 and April 2024, as well as the expected restart of the Palisades power plant in October 2025.

Coal
We expect U.S. coal power generation to remain unchanged at around 640 billion kWh in 2025 and 2026. Coal electricity generation was 647 billion kWh in 2024.

Principal contributor: Katherine Antonio

MIL OSI USA News –

January 25, 2025
MIL-OSI Global: Why peat is a key ingredient in whisky and the climate crisis

Source: The Conversation – UK – By Toby Ann Halamka, Postdoctoral Researcher in Organic Geochemistry, School of Earth Sciences, University of Bristol

Kondor83/Shutterstock

Burnt. Smoky. Medicinal. Each of these represents a subcategory of “peaty” whisky in the Scotch Whisky Research Institute’s brightly coloured flavour wheel.

A more chemistry-focused flavour wheel might include names like lignin phenols, aromatic hydrocarbons or nitrogen-containing heterocycles. Perhaps less appealing, but these chemicals define the flavours of Scotch whisky and represent just a few of the many types of organic carbon that are stored in peatlands.

However, when peat is burned for the production of whisky, ancient carbon is released into the atmosphere. Approximately 80% of Scotch whisky is made using peat as a fuel source for drying barley during the malting process. The aromas of the burning peat, or “reek” as it is known in the industry, are steeped into the grains providing the intense smoky flavours associated with many Scotch whiskies.

Historically, peat was a critical fuel resource for Scotland – a nation famously rich in peatlands with few trees for wood-burning. But as the industry has modernised, peat burning in whisky manufacturing has become less a story of adapting to resource limitations and more one of tradition and distinctive flavouring.

There is little debate about the importance of peat burning in generating some of the most highly sought-after flavours in the world of whisky. Some enthusiasts identifying as “peat heads” track the parts per million (ppm) of peaty compounds in their favourite brands. The ppm measure represents phenol concentrations (a group of aromatic organic compounds) in the malted barley. But this does not represent how peaty your whisky will taste as much will get lost in subsequent processes. Nor does the ppm represent how much peat was burned in production.

Most of the peat that is extracted in Scotland is used in horticulture as compost to grow things like mushrooms, lettuce and houseplants. However, both the Scottish and UK governments are making efforts to reduce peat extraction for gardening needs.

The Scotch whisky industry makes up about 1% of total peat use in Scotland. But, as horticulture practices change, this may represent a larger portion of peat use in the future.

In 2023, the Scotch whisky industry outlined a long-term sustainability plan that expresses goodwill but lacks clearly defined goals towards peatland restoration.

Such policies that ban or limit the use of peat in certain industries have followed an increased awareness of how important peatlands are to locking carbon away instead of releasing it into our atmosphere. Despite making up only about 3% of Earth’s land surfaces, peatlands store more carbon than all the world’s forests.

So, should you worry about the climate consequences of peat use in Scotch whisky?

No matter how you slice it, harvesting peat is not good for the environment – and getting your hands on a nice dry slab of peat to extract those smoky flavours is no easy task. Peat is formed by waterlogged, oxygen-poor conditions that slow the natural breakdown process of plant material.

While it is critical for healthy peatlands, excess water is not ideal for burning or transporting peat. Hence, peat extraction usually involves the extensive draining of peatlands. This halts the natural peat accumulation process and releases greenhouse gases from the now-degraded peats into the atmosphere.

More than 80% of Scotland’s peatlands are degraded.

Some recovery efforts are being made, and it has been suggested that the whisky industry can offset their peat degradation by investing in peat restoration. But, peatland restoration is a long-term and imprecise solution that might take decades to properly assess, while existing peatlands are needed as a natural carbon sink now.

Flavour innovations

There are reasons for “peat heads” (both whisky fans and climate warriors) to feel optimistic about the future of this industry.

For decades, the barley malting industry has focused on extracting the most flavour out of the least peat. Innovations in enhanced peat burning efficiency and investigations into peat flavouring alternatives are just some of the ways that the whisky industry is decreasing its peat footprint.

Change in this sector takes time. Any innovations in whisky made today must age for at least three years before being ready for the “flavour wheel”. This delay underscores the urgency of developing new methods as it will take time to find the perfect eco-friendly recipe that compromises neither the taste nor tradition of Scotch whisky.

In the meantime, whisky drinkers can seek out distilleries that are taking active steps to decrease their environmental impact and try drinking peat-free or peat-efficient whiskies.

To continue celebrating the uniqueness of peat as a flavour in whisky, we need to better acknowledge the effect it has on peatland degradation and continue to advocate for positive changes in the industry.

The story of peat use in Scotch whisky will continue to evolve. But while experimenting with future flavours, Scotland must preserve one of this nation’s most precious environmental resources.

Don’t have time to read about climate change as much as you’d like?

Get a weekly roundup in your inbox instead. 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 so far.

Toby Ann Halamka receives funding from the CERES (Climate, Energy and Carbon in Ancient Earth Systems) UKRI grant at the University of Bristol.

Mike Vreeken 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. Why peat is a key ingredient in whisky and the climate crisis – https://theconversation.com/why-peat-is-a-key-ingredient-in-whisky-and-the-climate-crisis-245497

MIL OSI – Global Reports –

January 25, 2025
MIL-OSI Canada: Government of Yukon issues special warrant to meet critical funding needs
Government of Yukon issues special warrant to meet critical funding needs
jlutz
January 23, 2025 – 2:15 pm
The Government of Yukon has issued a special warrant to ensure that essential government programs and operations can continue without disruption until the Supplementary Estimates No. 2 for the 2024–25 fiscal year can be introduced and debated in the Yukon Legislative Assembly.

The special warrant provides budgetary authorization for up to $70.2 million in additional government spending for the 2024–25 fiscal year. These funds address urgent and immediate requirements across key departments.

The Special Warrant (No. 1) 2024–25 has been issued as an Order-in-Council under the Financial Administration Act. This funding ensures that the departments of Energy, Mines and Resources, Highways and Public Works and Community Services have the financial resources to continue delivering on their mandates.

Specific funding included in this special warrant is as follows:
- $51.8 million in operations and maintenance funding in the Department of Energy, Mines and Resources to ensure that the department can continue to deliver on major commitments during this fiscal year. This includes payments included as part of the loan to the Receiver for Victoria Gold.
- $10 million in capital funding in the Department of Community Services to ensure that the department can continue to advance land-development work, which has seen higher-than-expected productivity across the construction sector this fiscal year.
- $8.4 million in operations and maintenance for the Department of Highways and Public Works. This funding is essential to maintaining service levels and ensuring the safe, reliable operation of the Yukon’s transportation infrastructure and government-owned buildings. It will help cover rising utility costs and sustain key services for roads and highways following landslides and washouts earlier this year, as well as other critical infrastructure that supports the territory’s transportation network.
MIL OSI Canada News –
January 25, 2025
MIL-OSI: Fusion Fuel Provides Update on Gas Business, Announces Key Developments in Middle East Operations

Source: GlobeNewswire (MIL-OSI)

DUBLIN, Jan. 24, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering and advisory solutions, is pleased to announce several significant developments in its Al Shola Gas (“Al Shola”) subsidiary, which continues to serve as a core driver of growth and profitability for the Company.

Between November 2024 and January 2025, Al Shola secured new orders and renewals valued at approximately USD $3.5 million. These include the renewal of an exclusive LPG supply contract in the residential sector and multiple supply and installation projects across diverse customer segments, such as manufacturing, hospitality, and construction.

Commenting on the commercial progress, JP Backwell, CEO of Fusion Fuel, said: “Our gas business continues to generate meaningful cash flows in its core markets in the Middle East, representing a strong and profitable foundation for Fusion Fuel. The recent orders and renewals underscore the trust our customers place in us and our ability to deliver both fuel and value-added solutions safely and reliably. Looking ahead, we see tremendous potential for growth with additional investment in our infrastructure, particularly to expand our bulk LPG supply capabilities. We are excited about the opportunity to broaden our geographical reach, expand our service offerings, and increase our capacity, which we believe will unlock new revenue streams and enable us to meet the growing demand from our customers, both in the Middle East and beyond. With our Al Shola Gas and BrightHy operating businesses, Fusion Fuel is well-positioned to drive sustainable growth and create long-term value for our shareholders by delivering innovative energy solutions across the full energy value chain.”

About Fusion Fuel Green plc

Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al Shola Gas and BrightHy subsidiaries. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.

Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.

Forward-Looking Statements

This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.

Investor Relations Contact
ir@fusion-fuel.eu

Wire Service Contact:
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The MIL Network –

January 25, 2025
MIL-OSI Global: Red light therapy shows promise for pain relief, inflammation and skin conditions – but other claims might be hyped

Source: The Conversation – USA – By Praveen Arany, Associate Professor of Oral Biology, University at Buffalo

A treatment typically lasts from three to 15 minutes. Rich Legg/E+ via Getty Images

Red light therapy is increasingly viewed as a promising treatment for wrinkles, acne, psoriasis, scars and sun-damaged skin, and as a supportive therapy for some kinds of cancer. But does red light therapy live up to the hype that it’s practically a panacea for all sorts of ailments?

Praveen Arany is a professor of oral biology, biomedical engineering and surgery at the University of Buffalo and an expert on the uses of light and lasers for medical purposes. He explains how red light therapy works, for what diseases and conditions it may be most useful, and if red light home devices are effective.

What is red light therapy?

Treatment with red light therapy involves exposure to red light at a very low dose in a hospital or clinic.

It’s also called low-power laser therapy, soft laser therapy, cold laser therapy and nonthermal LED light therapy.

The umbrella term is called photobiomodulation therapy, which covers other colors, or wavelengths, that have health benefits. These light wavelengths span the visible to the near-infrared spectrum.

Red light is easily the most popular of the photobiomodulation therapies. That’s primarily due to its availability – the treatment has been around more than three decades.

While it’s true that other colors are also clinically and commercially available, researchers are still studying them to determine exactly how effective they are. That said, green light therapy is generally used to treat migraines; yellow light for depression; and blue light to kill resistant strains of bacteria, like MRSA infections, and to treat seasonal affective disorder, a depression that typically onsets in late fall and continues through winter.

The professional laser in the doctor’s office may be more effective than at-home LED devices.

How does red light therapy work?

Put simply, red light stimulates the cells in your body, energizing them while initiating blood flow to the affected area. That, in turn, spurs healing, similar to how your body responds to a cut by clotting the blood to heal a wound.

The treatment is simple and painless. The patient, either seated or lying comfortably, is exposed to the red light for three to 15 minutes. They may experience a feeling of warmth during treatment, but it should not be uncomfortable or hot. The clinician will likely recommend eye shields.

Used correctly, red light therapy is very safe. Overdosing – staying under the light too long or receiving treatments at very high power – does not necessarily cause harm, but it might reduce or slow benefits. However, just as some people are more prone to sunburn than others, some patients may be more sensitive to this light and might see redness in the skin. Those patients should receive lower light doses during treatment.

What medical conditions can the therapy help?

Randomized, controlled clinical trials show that red light therapy can reduce pain, inflammation and tissue damage. Because all of these things are prevalent in many illnesses, photobiomodulation may be a powerful adjunct for treating a wide range of diseases.

One example is cancer. There’s now strong evidence that red light therapy can lessen pain and inflammation from radiation, chemotherapy and bone marrow stem cell transplants. Red light therapy has also reduced other complications from cancer treatment, including oral ulcers, scars and fibrosis.

Other recent human clinical studies show that photobiomodulation helps heal diabetic and burn wounds, as well as some types of ulcers. However, this therapy should not replace good wound care treatment, such as disinfection. Photobiomodulation has also worked for patients with neck and back pain and tennis elbow.

What about other uses for red light therapy?

Although not proven to be effective by randomized controlled trials with large samples, which is the gold standard of research, red light therapy has been shown to benefit patients with Parkinson’s, Alzheimer’s, multiple sclerosis, fibromyalgia, arthritis, macular degeneration, myopia and autism in clinical case reports and lab research studies.

A word of caution, however: Red light therapy may not work for all the medical conditions that proponents say it does. Red light therapy is also used for cardiovascular health, elevating mood, relieving anxiety, improving muscle performance and recovery from sports injuries, and providing anti-aging benefits to the skin. While there’s some evidence to support these types of treatments, rigorous research studies are still missing.

Research indicates that red light therapy could help with myopia in children and macular degeneration.

What about its commercial use?

This is a rapidly evolving field. Both LED and laser devices – beds, lamps, helmets and face masks – are readily available in clinical and nonclinical settings, such as medical spas, gyms and beauty salons. They’re also available for at-home use.

Laser devices are more powerful and are typically found at a hospital, clinic or doctor’s office. An LED, or light-emitting diode, is less powerful and more often used in commercial or home settings.

The general consensus is that LEDs are OK to use in commercial establishments like beauty salons and medical spas, provided practitioners receive the appropriate training. But the use of laser devices should be relegated to clinical specialists. That’s because lasers, in untrained hands, have the potential to do more damage than LEDs.

As for some home products, their quality and reliability may be questionable; they might not meet minimum quality standards of output power or wavelength.

The U.S. Food and Drug Administration appears to be moving toward more rigorous evaluations of these products, especially with lasers, but there is a critical need for a certifying agency or body to take this on. These agencies would test the devices to make sure they’re actually meeting specifications. That hasn’t happened yet, but as it stands now, several scientific and professional organizations are exploring the possibilities.

Praveen Arany consults for Wndrhlth and has cofounded two companies, OptiMed Technologies and Directed Energy Therapeutics. He has received funding from Univeristy at Buffalo, NIH, AFOSR and various PBM companies including Summus Medical, Kerber Applied Research, Thor Photomedicine, Vielight. He is affiliated with Optica, IADR-AADOCR, ASLMS, WALT, NAALT, WFLD and ALD.

– ref. Red light therapy shows promise for pain relief, inflammation and skin conditions – but other claims might be hyped – https://theconversation.com/red-light-therapy-shows-promise-for-pain-relief-inflammation-and-skin-conditions-but-other-claims-might-be-hyped-240426

MIL OSI – Global Reports –

January 25, 2025
MIL-OSI United Kingdom: Heckington Fen Solar Park development consent decision announced
Source: United Kingdom – Executive Government & Departments

The Heckington Fen Solar Park application has today been granted development consent by the Secretary of State for Energy Security and Net Zero.
Heckington Fen Solar Park

The proposed development will comprise the construction, operation and decommissioning of a solar photovoltaic (PV) electricity generating facility exceeding 50 megawatt (MW) output capacity, together with associated energy storage. The installed capacity of the solar generation is expected to be in the order of 500MW. 

The application was submitted to the Planning Inspectorate for consideration by Ecotricity (Heck Fen Solar) Limited on 15 February 2023 and accepted for Examination on 13 March 2023. 

Following an examination during which the public, statutory consultees and interested parties were given the opportunity to give evidence to the Examining Authority, recommendations were made to the Secretary of State on 9 May 2024.  

This is the 88th energy application out of 146 applications examined to date and was again completed by the Planning Inspectorate within the statutory timescale laid down in the Planning Act 2008.  

Local communities continue to be given the opportunity of being involved in the examination of projects that may affect them. Local people, the local authority and other interested parties were able to participate in this six-month examination.  

The Examining Authority listened and gave full consideration to all local views and the evidence gathered during the examination before making its recommendation to the Secretary of State. 

The decision, the recommendation made by the Examining Authority to the Secretary of State for Energy Security and Net Zero and the evidence considered by the Examining Authority in reaching its recommendation are publicly available on the project pages of the National Infrastructure Planning website. 

Journalists wanting further information should contact the Planning Inspectorate Press Office, on 0303 444 5004 or 0303 444 5005 or email:  

Press.office@planninginspectorate.gov.uk

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Published 24 January 2025
MIL OSI United Kingdom –
January 25, 2025
MIL-OSI United Kingdom: West Burton Solar Project development consent decision announced
Source: United Kingdom – Executive Government & Departments

The West Burton Solar Project application has today been granted development consent by the Secretary of State for Energy Security and Net Zero.
West Burton Solar Project

The application is an NSIP development comprising four electricity generating stations, each with anticipated capacity in excess of 50MW, comprising of ground mounted solar arrays, with associated development comprising energy storage, grid connection infrastructure and other infrastructure integral to the construction, operation, and maintenance of the NSIPs. 

The application was submitted to the Planning Inspectorate for consideration by West Burton Solar Project Limited on 21 March 2023 and accepted for examination on 18 April 2023. 

Following an examination during which the public, statutory consultees and interested parties were given the opportunity to give evidence to the Examining Authority, recommendations were made to the Secretary of State on 8 August 2024.  

This is the 89th energy application out of 149 applications examined to date and was again completed by the Planning Inspectorate within the statutory timescale laid down in the Planning Act 2008.  

Local communities continue to be given the opportunity of being involved in the examination of projects that may affect them. Local people, the local authority and other interested parties were able to participate in this six-month examination.  

The Examining Authority listened and gave full consideration to all local views and the evidence gathered during the examination before making its recommendation to the Secretary of State. 

The decision, the recommendation made by the Examining Authority to the Secretary of State for Energy Security and Net Zero and the evidence considered by the Examining Authority in reaching its recommendation are publicly available on the project pages of the National Infrastructure Planning website. 

Journalists wanting further information should contact the Planning Inspectorate Press Office, on 0303 444 5004 or 0303 444 5005 or email:  

Press.office@planninginspectorate.gov.uk

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Published 24 January 2025
MIL OSI United Kingdom –
January 25, 2025
MIL-OSI United Kingdom: Response to Storm Éowyn
Source: Scottish Government

Severe weather and disruption expected to continue.

First Minister John Swinney has asked people to continue to follow Police Scotland advice not to travel during the red weather warning and to be mindful that dangerous conditions will persist for the rest of the evening while the amber warning remains in place.

It follows a meeting of the Scottish Government’s Resilience Room (SGoRR), which is co-ordinating the response to the damage and disruption caused by Storm Éowyn in Scotland.

SGoRR was updated on the current impacts, including:
- Currently around 100,000 households without power
- Severe transport disruption with rail, bus, flight, ferry and tram cancellations as well as road closures across the network
- 92% of the school estate in Scotland is closed
- Cancellation of non-urgent medical appointments
The First Minister said utility companies are working at pace to restore power as quickly as possible, however as conditions remain too dangerous for recovery teams to operate fully, welfare provisions are in place to support the most vulnerable. Members of the public are also being urged to plan ahead and continue to follow safety advice in the coming days, including checking for the latest road conditions, Scotrail services and public transport advice which are all expected to experience continued disruption.

First Minister John Swinney said:

“Storm Éowyn is an exceptional weather event and is causing significant impacts across Scotland, with multiple reports of fallen trees and blown over vehicles. What the Met Office predicted has come our way, with gusts of 100mph winds reported.

“I want to thank members of the public for largely following Police Scotland’s advice not to travel. However, this storm is not over yet. Even once the red weather warning expires, severe weather warnings for wind, snow and ice remain in place across much of the country tonight and into tomorrow morning.

“A high level of vigilance is still required. There are still too many lorries on the road and I urge all HGVs to follow Police Scotland advice not to travel during the red weather warning.

“We are also seeing reports of multiple power outages across Scotland and expect these to continue over the course of the day. It will take time to recover power and transport services across the country, as conditions still remain too dangerous for recovery teams to operate.

“Utilities companies are focused on supporting their most vulnerable customers and I’d encourage everyone to please look out for each other and take extra care during this time.”

Assistant Chief Constable Mark Sutherland, who is leading the multi-agency response to Storm Eowyn, said:

“We have seen significant disruption across the country, particularly in the areas affected by the red weather warning. First and foremost, our thoughts are with those who have been injured and those impacted by the weather.

“The high winds are forecast to continue, with Amber warnings in place into this evening and tomorrow morning.

“It is concerning that there has been a large number of HGVs on the road. We have responded to 11 incidents so far where HGVs have overturned due to high winds and I want to reiterate the advice that you should not travel in or to areas under the red weather warning. Additionally, I would urge the public to avoid travelling in areas affected by the Amber warning and consider delaying your travel until conditions improve. We don’t ask you to do this lightly and we make this ask with public safety at the forefront of decision-making.

“Roads are likely to be affected by debris for some time to come and motorists should drive with caution when it is safe to return to the roads.”

Scottish Fire and Rescue Service Head of Operations Deputy Assistant Chief Officer Garry Mackay said:

“Our Operations Control rooms are experiencing an extremely high number of 999 calls at the moment. Please only dial 999 and ask for us where there is an immediate risk of harm.

“For fallen trees or obstacles that do not pose an immediate risk to the public or property, we are asking the public to please contact your local authority.”

Background

SGoRR was attended by the Deputy First Minister, and Cabinet Secretaries for Health; Education; Transport; Justice; Rural Affairs and Islands; and Net Zero and Energy. They were joined by representatives from the Met Office, Police Scotland, Transport Scotland, SEPA, transport and utilities companies and resilience partners.

The latest Met Office weather warnings are available on the Met Office website.

Flood alerts are issued by the Scottish Environmental Protection Agency and can be viewed on their website.

Advice on preparing for severe weather can be found on the Ready Scotland website.

Follow Traffic Scotland for the most up-to-date information on the trunk roads throughout the warning periods, via their website, social media channels and radio broadcasts. Updates on ScotRail services and road conditions are available online.

To report a power cut or damage to electricity power lines or substations call the SP Networks national Freephone number 105. More information on what to do during a storm can also be found on SP Energy Website.

During a power cut firefighters can be called to fires started by candles or portable heaters. For advice on how to stay safe during a power cut visit Scottish Fire and Rescue Website.
MIL OSI United Kingdom –
January 25, 2025
MIL-OSI USA: Tuberville Urges Senate to Confirm Hegseth and Rollins, Secure American Farmland with the FARM Act

US Senate News:

Source: United States Senator Tommy Tuberville (Alabama)
WASHINGTON – Yesterday, U.S. Senator Tommy Tuberville (R-AL) spoke on the Senate floor in support of Pete Hegseth, President Trump’s nominee to be Secretary of Defense, who will bring much-needed change to the Department of Defense.
Additionally, Sen. Tuberville addressed legislation he reintroduced on Wednesday, the Foreign Adversary Risk Management (FARM) Act. The FARM Act will help secure America’s agricultural industry and food supply chains from foreign adversaries by creating a permanent seat for the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS). Additionally, Sen. Tuberville encouraged the Senate to move quickly on confirming President Trump’s pick for Secretary of Agriculture, Brooke Rollins, who will fight for America’s farming communities and defend against foreign influence in the U.S. agricultural sector.
Read Sen. Tuberville’s remarks below or watch on YouTube or Rumble.

ON CONFIRMING PETE HEGSETH
“Thank you, Mr. President,
I want to reiterate what my colleague from Tennessee just talked about, the importance of the vote that we just took. Just a few minutes ago our nominee for new Secretary Defense, Pete Hegseth.
Now the procedure is, as we just voted, to close the vote and now, we wait 30 hours from just a few minutes ago and have the final vote on his nomination, which it looks like that he has the votes of a majority to be appointed, or sent to the White House, to be confirmed as the next Secretary of Defense.
I’m on the Armed Services Committee, and I’ve watched four years of the destruction of the best military in our world, United States of America. It is a shame what has happened, the DEI, the woke agenda that’s being pushed on the troops in our country, to me, is embarrassing.
I’m a military brat. My dad died on active duty in the military. Awarded five bronze stars and a Purple Heart at age 17 driving a tank across Europe after landing the first day at Normandy. We have to change course in our military, and we can talk about inflation and pumping gas and the crime and all the things that we’re having a lot of problems with, but if you don’t have a strong military to protect our borders and protect the citizens in our country from adversaries all over the world, we got problems. And it’s got to start there.
Pete Hegseth is the choice, the right choice. I like his age, I like his demeanor, I like the things he brings to our military. He’s exciting and he will energize this military into the next decade. And I’m excited about that.
So, hopefully in about 30 hours we’ll vote tomorrow night around 9:00 and we’ll vote to confirm Pete Hegseth as our new Secretary of Defense.
ON THE FARM ACT
Now, I’d like to turn to national security threats in our Nation’s agriculture sector and food supply chains.
I’m on the Ag Committee. Over the past few years, the United States has experienced a rapid increase in foreign investment in agricultural sector, particularly from China. We have to open our eyes. Bad things are happening around us. Growing foreign investment in agriculture and other essential industries like health care and energy is a direct threat to our country’s national security.
You know for years now I’ve been sounding the alarm about foreign ownership of American farmland and other elements of our food chain. According to USDA data from December 2023, foreign investors own approximately 45 million acres of U.S. agriculture land. Now let me say that again: 45 million acres of our forest and agriculture land in this country has been sold to foreign entities. Does that not scare us? What [did] we just see during COVID about our drug supply? We looked around, we looked for health care and help after COVID hit our hit our borders and what happened? We found out that it was all being made in China.
So, 45 million acres, this represents over 1.5 million acres in one calendar year. Foreign ownership of U.S. agricultural land in increased modestly from 2012 to [20]17 an average increase of 0.6 million acres per year, that’s 2012 to 2017. But since 2017, the number has skyrocketed to an average of 2.6 million acres a year that we’re selling, our farmland, to our adversaries. And it’s just not China. It’s Russia it’s other entities that don’t wish us well at the end of the day. So additionally, between 2010 and [20]21, entities or individuals from China increased their ownership of U.S. agriculture land more than twenty-fold from about 14,000 acres to 400,000 Acres. This is an unbelievable and unsustainable pace for the United States of America.
Now, Alabama is experiencing, my state, this firsthand. We have the fourth largest amount of foreign owned agricultural land in the United States at 2.2 million acres, most of which is forest land. It’s not really agriculture in terms of growing row crops, it’s basically our forest. You know, I represent over 62,000 farmers in the state of Alabama. I hear from them time and time again about foreign activity in our agriculture community. Threats like these are something our states can’t handle all on their own.
Which is why President Ford established, President Ford, established a Committee on Foreign Investments in the United States, also known in short terms, CFIUS. This was in 1975. In other words, this committee is supposed to keep an eye on foreign investments in our country. This is the governmental body that oversees the vetting process of foreign investments and acquisitions of American companies in the interest of national security. CFIUS is composed of nine members of President’s cabinet including the Secretaries of State, Treasury, Defense, Homeland Security, Commerce, and Energy. The Attorney General, the US Trade Representative, and the Director of Office of Science and Technology Policy also sit on this vetting board of industry and land in our country.
Nowhere on that list did you hear me say the Secretary of Agriculture. Now why is that? […] Considering the massive increase in foreign investment in our country, we need additional oversight for what’s going on in our country. We got our eyes closed. Which is why yesterday I introduced the Foreign Adversary Risk Management Act, called the FARM Act, here on the floor that will accomplish three major things.
First, it would add the Secretary of Agriculture as a permanent member of CFIUS. In other words, that somebody that’s going to help our agriculture people vet land that’s being bought by foreign entities. Second, it would protect U.S. agriculture industry from foreign control through transactions, mergers, and acquisitions, and agreements, and it would also designate agriculture supply chains as critical infrastructure and critical technology. Third, it would require a report to Congress on current and potential foreign investments in the U.S. agriculture industry. This legislation, folks, is long overdue.
These foreign investments now reach into every aspect of agriculture industry and supply chains from farming and processing, to packaging and shipping. We cannot, and I repeat, we cannot allow our adversaries to have a foot in the door to our critical supply chains. Food security is national security. We must prioritize increased oversight of foreign investment, and our food supply chains especially those coming from China, Russia, Iran, and North Korea.
This starts with giving the agriculture community a permanent seat at the table of CFIUS. The FARM Act does just that.
ON CONFIRMING BROOKE ROLLINS
And there’s no better person to fill this permanent seat on CFIUS than my good friend, who we had a hearing today, as a new nominee for Secretary of Agriculture, Brooke Rollins. I’ve known Brooke for 30 years. I met her while I was coaching at Texas A&M. She was the student body president in 1994. The students saw then what President Trump, what they see in her today, her strong leadership and her conviction of agriculture. It will be no different when she becomes the Secretary of Agriculture for the United States of America.
Brooke was brought up in a small agricultural community of Glen Rose, Texas. She comes from several generations of American farmers. She participated in levels of 4-H and FFA. She raised livestock throughout her life. Now she is [a] mother, she’s involved in the show steer industry with her four children. She received her Bachelor of Science degree in agricultural development from A&M and later earned a law degree at the University of Texas.
Later at the Texas Public Policy Foundation, she was engaged with rural and agriculture communities throughout Texas. She led litigation efforts that focused on the defense of Texas landowners and farmers against federal interference and regulations. Next, Brooke went on to serve in several roles in President Trump’s White House. She served as the Director of Domestic Policy Council, Assistant to the President for Strategic Initiatives, and Director of The Office of American Innovation. In these roles, she helped roll back terrible EPA rules like Waters of the U.S., or WOTUS, that targeted farmers and ranchers.
After the White House, she joined the American First Policy Institute, where she focused on protecting U.S. farmland and foreign entities seeking to gain control, especially from the Chinese. At AFPI, she strove to improve American food security, independence, as well as support measures that defend U.S. agriculture trade. Brooke understands these many challenges.
In short, Brooke is a conservative warrior and will be an excellent Ag Secretary. I look forward to working with her to secure our farmland from foreign entities and working with her on passing a Farm Bill that puts American producers first again.
As Alabama’s voiced on the Senate Ag Committee, I will continue fighting to secure our agriculture supply chain so our agriculture community can continue to put food on the table. And that starts with someone like Brooke Rollins as our Secretary of Agriculture. She is a terrific nominee, and I look forward to working with her on the Committee.
I expect to move, her to move easily through the Committee vote, and here on this floor. So, once she’s out of Committee, the Senate must vote on her for confirmation. She’ll do great. She’s perfect for the job and I ask that the Senate take up both efforts quickly to defend our agriculture communities which feeds not only the American people but the entire world.
I yield the floor.”
Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP, and Aging Committees.

MIL OSI USA News –

January 25, 2025
MIL-OSI USA: Tenney, Stefanik Advocate for Fort Drum to Host Small Modular Reactor

Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

Oswego, New York – Congresswoman Claudia Tenney (NY-24) and Congresswoman Elise Stefanik (NY-21) sent a letter to Secretary of the Army Christine Wormuth advocating for the Army to host a small modular reactor (SMR) at Fort Drum.

“As Mayor of the City of Watertown, I’m proud to express my support for Fort Drum’s nomination as the site for the Army’s first small modular reactor. Fort Drum is not only a cornerstone of national defense but also a vital partner to the North Country. We are grateful for the steadfast leadership of Congresswoman Claudia Tenney and Congresswoman Elise Stefanik, whose unwavering advocacy for Fort Drum and its soldiers has been instrumental in securing resources and opportunities that strengthen both the installation and our community.Establishing a secure, independent power source at Fort Drum would not only enhance military readiness but also bring lasting benefits to Watertown and the North Country by boosting energy security and economic stability, and I am pleased to support this critical initiative,” said Mayor Sarah Compo Pierce.

“Advocate Drum stands firmly in support of Fort Drum being the initial location for the employment of an SMR as part of the Army’s Advanced Nuclear Power for Installations Plan,” said Executive Director of Advocate Drum Michael McFadden. “Energy independence is absolutely crucial to ensure Fort Drum remains the premier power projection platform for the United States military, and to enhance the combat readiness of the 10th Mountain Division.”

In the letter, the lawmakers state, “Fort Drum stands out as an ideal location for an SMR due to the Army’s unique ownership of the utilities and infrastructure on the installation. This ownership would simplify the deployment of an SMR, making it far easier compared to other locations where the Army does not control the utilities. Additionally, Fort Drum has a skilled workforce with significant experience in on-site energy generation, thanks to years of operating its biomass facility. The installation’s power demands, and the extreme temperatures of the North Country would also offer valuable data for the SMR pilot program.”

The lawmakers continued, “Fort Drum also enjoys robust support from its surrounding community to host the small modular reactor. This significant investment in Upstate New York will provide the Northeast’s power projection platform with independent and secure power, bolster U.S. energy security, and cement Fort Drum’s importance to the modernization efforts of the Army.”

Read the full letter here.

###

MIL OSI USA News –

January 24, 2025
MIL-OSI USA: PHOTO RELEASE: Tuberville Speaks at PowerSouth Luncheon in South Alabama

US Senate News:

Source: United States Senator Tommy Tuberville (Alabama)

ANDALUSIA – Today, U.S. Senator Tommy Tuberville (R-AL) spoke at the PowerSouth Energy Cooperative Employee Luncheon in Andalusia, Alabama. Senator Tuberville discussed his work on rural development, access to rural broadband, and the importance of restoring American energy independence as the Ranking Member of the Subcommittee for Rural Development and Energy within the Senate Agriculture Committee.

PowerSouth generates and transmits wholesale power to 16 electric co-ops and four municipal electric systems in South Alabama—serving over 480,000 customers.

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

MIL OSI USA News –

January 24, 2025
MIL-OSI: Cielo Provides Virtual AGM Reminder and Announces Extension of Proxy Voting Deadline

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, Oct. 26, 2024 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) (“Cielo” or the “Company”), a company fueling renewable change, wishes to remind its shareholders that its forthcoming Annual General Meeting of shareholders (the “AGM”) will be held on Tuesday, October 29, 2024, at 10 a.m. MT. As the AGM will be held virtually, shareholders will not be able to attend in person.

To attend the AGM, shareholders will have to access the following link online: https://teams.microsoft.com/CieloAGM2024 (meeting ID 218 185 286 033, passcode 5A4kx6). Shareholders will have an equal opportunity to participate at the AGM by video conference regardless of their geographic location. Additional details related to the AGM, including the method of attending the AGM virtually, are described in the Company’s meeting materials, which are available on SEDAR+ (http://www.sedarplus.ca) and the Company’s website (http://www.cielows.com/investors).

Proxy Deadline

In addition, the Company has elected to extend the deadline for submission of proxies related to the AGM to Monday, October 28, 2024, at 2 p.m. MT, to allow shareholders additional time for voting. Management encourages voting in advance of the AGM by proxy to allow for a more efficient AGM. Those who vote in advance of the AGM by proxy will still have an opportunity to participate in the AGM, including during the planned question and answer period.

ABOUT CIELO

Cielo is fueling renewable change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. We are proud to advance our non-food derived model based on our exclusive licence in Canada for patented Enhanced Biomass to Liquids (EBTL™) and Biomass Gas to Liquids (BGTL™) technologies and related intellectual property, along with an exclusive licence in the US for creosote and treated wood waste, including abundant railway tie feedstock. We have assembled a diverse portfolio of projects across geographic regions and secured the ability to leverage the expertise of proven industry leaders. Cielo is committed to helping society ‘change the fuel, not the vehicle’, which we believe will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”

For further information please contact:

Cielo Investor Relations

Ryan Jackson, CEO
Phone: (403) 348-2972
Email: investors@cielows.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. Cielo is making forward-looking statements, with respect to, but not limited to: the AGM, including timing and the proxy deadline.

Investors should continue to review and consider information disseminated through news releases and filed by the Company on SEDAR+. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

The MIL Network –

January 24, 2025
MIL-OSI United Kingdom: Scottish Greens look ahead to record results at next Scottish elections

Source: Scottish Greens

26 Oct 2024 Finance

The Scottish Greens have a bold and progressive vision for a fairer, greener and better Scotland.

More in Finance

Scottish Green co-leader Lorna Slater rallied party activities at their autumn conference in Greenock, saying their party will stand at the next election on a “boldly progressive platform of real change.”

Slater celebrated her party’s achievements in government, from free bus travel for young people to record investment in climate and nature, and said her party would continue to be “effective and constructive” from opposition.

Addressing her party conference, Ms Slater said, “I’m deeply proud of what we achieved during our time in Government.

“From free bus travel for all our young people, to the biggest expansion of the living wage and the Scottish Child Payment since devolution; Scotland’s first emergency rent freeze and eviction protections during the cost of living crisis, bans on polluting behaviours like incineration, single use plastics and disposable vapes, increased multi-year funding for nature restoration and active travel the policies you, our Scottish Green members, decided on at past conferences were being put into action. Making people’s lives better, day in, day out.

“In or out of government we are committed to delivering the change that Scotland needs.”

Turning her attention to record general election results for her party earlier in the year, Ms Slater said: “We know that voters appreciate Green values and leadership. They told us so, at this year’s General election, which saw record Scottish Green results up and down the country.

“Whilst Rishi Sunak couldn’t even muster an umbrella, our activists pulled off our biggest on-the-ground campaign since before the pandemic. A substantial effort at short notice.

“In the record 44 seats in which we stood, we nearly doubled our vote share, with over 92,000 people casting their vote for us and demonstrating support for the Scottish Greens all over Scotland, including in the islands.

“In our biggest cities, we are now the third party, beating the Tories and the Lib Dems in one of their biggest elections. And how did we do it? Through your hard work, determination, and our positive vision for how Green values and policies can change this country.

“In the next few months branches will begin selecting their target wards and candidates and start looking ahead to Holyrood 2026.

“I am glad that the Scottish Greens are being recognised as influential, and we can do even more with more of us elected into Holyrood.

“Whilst the SNP lurch to the right and court the votes and donations of Big Oil, and Labour continue to support nuclear weapons and Tory fiscal rules that let the rich get even richer, while public services crumble, the Scottish Greens will stand on a boldly progressive platform of real change. We have a clear position. We have a big opportunity.”

MIL OSI United Kingdom –

January 24, 2025
MIL-OSI: Mississauga, Region of Peel, Enwave and Lakeview Village break ground on ambitious district energy project, setting the stage for one of the most sustainable new waterfront communities in Canada
Source: GlobeNewswire (MIL-OSI)

MISSISSAUGA, Ontario, Oct. 21, 2024 (GLOBE NEWSWIRE) — Today, the City of Mississauga, Lakeview Community Partners Limited (LCPL), Enwave Lakeview Corporation and the Region of Peel celebrated the groundbreaking of a new district energy system at Lakeview Village. Once fully operational, the Lakeview Village district energy system is positioned to be the first of its kind in Ontario and the largest in Canada.

Unlike traditional heating and cooling systems, which are large contributors to greenhouse gas (GHG) emissions, district energy systems use a network of pipes to heat and cool an entire community from a centralized location. These systems allow for a combination of generation assets that work seamlessly together to improve efficiency, consume less energy, and reduce GHG emissions. They are also more reliable and resilient than traditional systems.

To bring this new system to life, the City of Mississauga and Enwave have signed agreements allowing Enwave to build the necessary pipes and infrastructure on city land and construct a new building to operate the system. These agreements mark a major milestone in the Lakeview Village project and follow several years of collaboration.

Left-right: Stephen Dasko (Ward 1 Councillor), Charles Sousa (MP Mississauga-Lakeshore), Brian Sutherland (Lakeview Community Partners), Gord Buck (Founder of ARGO), Carolyn Parrish (Mississauga Mayor), Carlyle Coutinho (CEO, Enwave Energy Corporation), Ehren Cory (CEO, Canada Infrastructure Bank), Alvin Tedjo (Ward 2 Councillor), Rudy Cuzzetto (MPP Mississauga-Lakeshore), and Silvio De Gasperis (Founder, President and CEO of TACC Group).

Giving treated wastewater a second life

The Region of Peel and Enwave are working to further decrease GHG emissions from the district energy system through a proposed plan to leverage treated wastewater, or effluent, from the nearby G.E. Booth Water Resource Recovery Facility as the main source of low carbon energy for the system. Using effluent to heat and cool Lakeview Village draws on an innovative energy source that would otherwise remain untapped.

Once this transition happens, Lakeview Village’s residential units, offices and commercial spaces are expected to emit significantly fewer GHGs.

The district energy system at Lakeview Village, alongside plans to leverage effluent, is instrumental in bringing the City of Mississauga’s Climate Change Action Plan and the Region of Peel’s Climate Change Master Plan to life.

Building a new centre for operations and education

The City of Mississauga and LCPL are also moving forward on the Site Development Plan and Building Permit applications to construct a new building that will house:
- The district energy operations centre, which will be operated by Enwave.
- A sewage pumping station, which will be operated by the Region of Peel.
- An educational space to provide learning opportunities for Mississauga residents, visitors and the business community.
Work is already underway, with the first crane installed onsite to support servicing and construction works for the new centre.

Sustainable waterfront community

Lakeview Village is a 177-acre site on Mississauga’s waterfront that was formerly the Lakeview Power Generating Station. Designed to be a mixed-use community, this sustainable and interconnected neighbourhood will feature 16,000 new homes, parks, trails, transit, recreational opportunities, event spaces, and commercial areas for work and shopping.

Earlier this month, construction kicked off on the community’s first residential building with occupancy expected in early 2029.

For more information about planning the Lakeview Village development, visit the City of Mississauga’s Lakeview Village webpage. To learn more about the community, visit mylakeviewvillage.com.

Quotes:

“Today’s announcement highlights our dedication to building mixed-use communities that are sustainable, and include a variety of housing options, jobs, parks and community spaces. Lakeview Village’s focus on innovative, low carbon solutions make it more than just a development project – it sets a new standard for sustainability. I’m proud to work with our partners on this transformative project that will shape the future of Mississauga for years to come.” Mayor Carolyn Parrish

“This groundbreaking marks an exciting chapter in the evolution of Lakeview Village. Our vision has always been to make this community the most sustainable, innovative new development in the country, and this is a major step. The Enwave system within Lakeview Village is a leading example of how the joint priorities of sustainability and housing development can co-exist, supporting a better future for Ontario.” – Brian Sutherland, President, Lakeview Community Partners Limited

“The groundbreaking of the district energy system at Lakeview Village is an exciting step toward the future of sustainable communities in Canada and beyond. This development is a complex undertaking, which will be the largest of its kind in North America with the integration of effluent, and would not be possible without the determination and collaboration demonstrated by all partners. Together, we are implementing big ideas and critical thinking to achieve the ambitious goals set for this project, and Enwave is proud to make this district energy system a reality.” Carlyle Coutinho, CEO of Enwave Energy Corporation

“Today’s announcement signals Peel Region’s commitment to working with the City of Mississauga, Lakeview Community Partners Limited (LCPL), and Enwave Lakeview Corporation to leverage treated wastewater from the G.E. Booth Water Resource Recovery Facility as an innovative fuel source for the district energy system at Lakeview Village. Peel Region is a strong advocate for sustainability and committed to researching and implementing state-of-the-art treatment processes and technology at our facilities. We are always working to be a collaborative community partner, and providing this future fuel source for our neighbours at Lakeview Village demonstrates our environmental leadership.” – Chair Nando Iannicca, Peel Region

High-res images of the DE piping system and rendering of the centre can be found HERE.

Media Contacts:

City of Mississauga Media Relations
media@mississauga.ca
905-615-3200, ext. 5232
TTY: 905-896-5151

Amie Miles, Manager, Strategic Client Communications
Amie.miles@peelregion.ca
416-209-4317

Enwave Energy Corporation
Katie Good
GoodPR
416-540-2195
katie@goodpr.ca

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc240327-bd37-414e-9670-213ee03188b2

The MIL Network –
January 24, 2025
MIL-OSI: TAG Oil Announces $10 Million Overnight Marketed Public Offering of Units to Strategically Advance Unconventional and Conventional Opportunities in Egypt

Source: GlobeNewswire (MIL-OSI)

NOT FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Oct. 21, 2024 (GLOBE NEWSWIRE) — TAG Oil Ltd. (TSXV:TAO, OTCQX:TAOIF, and FSE:TOP) (“TAG Oil” or the “Company”) is pleased to announce that it has filed a preliminary short form prospectus (“Preliminary Prospectus”) with the securities commissions in all provinces of Canada, except Québec, in connection with an overnight marketed public offering (the “Offering”) of units of the Company (the “Units”) at a price of $0.21 per Unit for aggregate gross proceeds of C$10,000,000.

Certain members of management and directors of the Company intend to participate alongside investors in the Offering.

The Offering is being led by Research Capital Corporation, as lead underwriter and sole-bookrunner, on behalf of a syndicate of underwriters (collectively, the “Underwriters”).

Each Unit will consist of one common share of the Company (“Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share (a “Warrant Share”) at an exercise price equal to $0.30 per Warrant Share at any time up to 24 months following the closing of the Offering.

The Company intends to use the net proceeds of the Offering to advance appraisal and development activities in the Western Desert, Egypt, at both the Badr Oil Field and strategic new 512,000-acre concession and for working capital and general corporate purposes. Activities to be advanced with the proceeds include executing re-entry work on multiple existing wells to recomplete and/or drill a sidetrack into existing conventional oil reservoirs, the drilling of new vertical delineation wells in the unconventional Abu Roash “F” (ARF) resource play targeting high intensity natural fractured areas, and the planning of the next horizontal well with multi-stage frac.

In addition, the Company plans to also complete a third-party resource report on the new strategic 512,000-acre concession that is in the process of being acquired and conduct a potential strategic joint venture partnership process.

The Company has granted the Underwriters an option, exercisable in whole or in part, at the sole discretion of the Underwriters, at any time, from time to time, for a period of 30 days from and including the closing of the Offering, to purchase from the Company up to an additional 15% of the Units sold under the Offering, and/or the components thereof, on the same terms and conditions of the Offering to cover over-allotments, if any, and for market stabilization purposes.

The Offering is expected to be priced in context of the market, with the final price of the Units and final exercise price of the Warrants to be determined at the time of pricing.

The Offering is expected to close on or about the week of November 11, 2024, or such other date as the Company and the Underwriters may agree. Closing of the Offering is subject to customary closing conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the securities regulatory authorities and the TSX Venture Exchange.

The Units are being offered in each of the provinces of Canada (except Québec) and may be offered in the United States on a private placement basis pursuant to an appropriate exemption from the registration requirements under applicable U.S. law, and outside of Canada and the United States on a private placement or equivalent basis. The Preliminary Prospectus is available on SEDAR+ at http://www.sedarplus.ca and may be obtained from Research Capital Corporation at ecm@researchcapital.com. The Preliminary Prospectus contains important information about the Company and the Offering. Prospective investors should read the Preliminary Prospectus and other documents the Company has filed before making an investment decision.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About TAG Oil Ltd.

TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.

For further information:

Toby Pierce, Chief Executive Officer
Phone: 1 604 609 3355

Email: info@tagoil.com
Website: http://www.tagoil.com/
LinkedIn: https://www.linkedin.com/company/tag-oil-ltd
X: https://twitter.com/tagoilltd

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

Forward-Looking Statements

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the completion of the Offering and the timing in respect thereof, the use of proceeds of the Offering, timely receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the proposed completion of a third party resource report.

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. Such statements can generally, but not always, be identified by words such as “expects”, “plans”, “anticipates”, “intends”, “estimates”, “forecasts”, “schedules”, “prepares”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. All statements that describe the Company’s plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company’s management, and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by TAG Oil that the actual results realized in the future will be the same in whole or in part as those presented herein. TAG Oil disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding TAG Oil’s business contained in TAG Oil’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on TAG Oil and the risks and challenges of its business, investors should review TAG Oil’s filings that are available at http://www.sedarplus.ca.

TAG Oil provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. The Company’s future success in exploiting and increasing its current reserve base will depend on its ability to develop its current properties and on its ability to discover and acquire properties or prospects that are capable of commercial production. However, there is no assurance that the Company’s future exploration and development efforts will result in the discovery or development of additional commercial accumulations of oil and natural gas.

The MIL Network –

January 24, 2025
MIL-OSI Economics: ACP Statement on BOEM’s Completion of Environmental Reviews for New York Bight Offshore Wind Lease Areas

Source: American Clean Power Association (ACP)

Headline: ACP Statement on BOEM’s Completion of Environmental Reviews for New York Bight Offshore Wind Lease Areas

WASHINGTON D.C., October 21, 2024 – The American Clean Power Association (ACP) released the following statement from Anne Reynolds, ACP Vice President for Offshore Wind, after the Bureau of Ocean Energy Management (BOEM) finalized a comprehensive environmental review to evaluate potential wind development activities across six lease areas encompassing more than 488,000 acres in the New York Bight, located offshore New York and New Jersey. BOEM estimates that fully developing these lease areas could produce up to 7 gigawatts of offshore wind energy, which would be enough energy to power approximately two million homes:
“The six lease areas off the coasts of New Jersey and New York will host the next tranche of offshore wind power projects to meet the increasing demand for electricity on the East Coast. This environmental review of the entire lease area is a vital step in establishing a more standardized and efficient permitting process. It reflects extensive outreach and input from diverse stakeholders, including tribal, community members and other ocean users, ensuring that a wide range of perspectives have been considered. We commend BOEM for their dedication and thorough environmental reviews, and we look forward to future project-specific reviews building on this important work.”

MIL OSI Economics –

January 24, 2025
MIL-OSI Asia-Pac: Union Minister Jitendra Singh addresses Karmayogi Saptah ‘Samuhik Charcha’ during the Karmayogi Saptah for the Ministry of Personnel, Public Grievances and Pensions

Source: Government of India (2)

Union Minister Jitendra Singh addresses Karmayogi Saptah ‘Samuhik Charcha’ during the Karmayogi Saptah for the Ministry of Personnel, Public Grievances and Pensions

Dr Jitendra Singh lauds PM Shri Narendra Modi for his vision of Citizen-Centric Governance and Administrative Reforms

Mission Karmayogi Marks a Paradigm shift from Rule to Role: Union Minister Dr Jitendra Singh

Cycle of regular learning will help in creating a vast, agile and responsive workforce in the run up to Vikasit Bharat

Posted On: 21 OCT 2024 4:58PM by PIB Delhi

Setting the context for Karmayogi Saptah, ‘Samuhik Charcha’ for officers of the Ministry of Personnel, Public Grievances, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (I/C) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr Jitendra Singh, briefed about Mission Karmayogi, National Learning Week and Karmayogi Competency Model.

The Minister emphasised that Mission Karmayogi underlines a paradigm shift from “Rule” to “Role” and focuses that Civil Servants should not be bound by rules but by responsibilities.
The Union Minister outlined how the Ministry of Personnel, Public Grievances and Pensions has been the first among the ministries to start this cycle of regular learning. During the occasion, Minister also recounted the journey of setting up Mission Karmayogi, which was after taking inspiration from Prime Minister Shri Narendra Modi. He also applauded the Capacity Building Commission (CBC) for taking up this task.

Union Minister stressed that Mission Karmayogi has led to the development of a new culture in governance which is responsive, dynamic and allied with contemporary India. He further outlined that Mission Karmayogi will help bureaucrats in performing the diverse range of works in government in different ministries.

Union Minister highlighted that how Mission Karmayogi creates a layer of sustainable ecosystem with the ‘One Government’ approach to realise the dream of Viksit Bharat. He also stated that given the needs of changing times, one should be continuously engaging in the learning processes. This will carry much significance for the bureaucrats who will be at the forefront of Vikasit Bharat 2047.

He remarked that this brainstorming cycle of Samuhik Charcha will aid in the creation of an allied, vast framework, a vast ecosystem, aligned across industries, across the department, and whole of the Government.

Furthermore, the aim of the ‘Samuhik Charcha’ for the officers of the Ministry of Personnel, Public Grievances and Pensions is to facilitate and entrench learning on a chosen theme by bringing officers across departments within the Ministry together. The ‘Samuhik Charcha’ is designed to enable officers to contemplate and exchange ideas on a chosen theme derived from a webinar that comprises part of the ‘National Learning Week’ programme.

*****

NKR/KS/AG

(Release ID: 2066716) Visitor Counter : 59

MIL OSI Asia Pacific News –

January 24, 2025
MIL-OSI Asia-Pac: Pradhan Mantri Bhartiya Janaushadhi Pariyojana achieves sales worth Rs.1000 Crores in October 2024

Source: Government of India

Pradhan Mantri Bhartiya Janaushadhi Pariyojana achieves sales worth Rs.1000 Crores in October 2024

Jan Aushadhi Kendras grew more than 170 times in number in last 10 years; more than 14,000 kendras now cover almost all the districts of the country

Posted On: 21 OCT 2024 4:46PM by PIB Delhi

Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) has reached a remarkable milestone by achieving sales worth Rs. 1000 Crores in October 2024, a significant advancement from previous year when this target was met in December, 2023. This achievement highlights the growing trust and reliance of the people on affordable and quality medicines. This was possible only with the unwavering support of the citizens, who have embraced the initiative by purchasing medicines from over 14,000 Jan Aushadhi Kendras across the country. This substantial growth is a testament to PMBI’s commitment to making healthcare accessible and affordable for all by reducing out of pocket expenditure. Notably few days ago, PMBI had sold medicines worth Rs. 200 crores in one single month of September 2024.

In the last 10 years, there has been a growth of more than 170 times in number of Kendras which were only 80 in 2014 and have now grown to more than 14,000 Kendras covering almost all the districts of the country.

In next 2 years, there will be 25000 Jan Aushadhi Kendras in the country. The product basket of PMBJP comprises 2047 medicines and 300 surgical devices covering all major therapeutic groups such as Cardiovascular, Anti-cancers, Anit-diabetics, Anti-infectives, Anti-allergic, Gastro-intestinal medicines, Nutraceuticals, etc. Almost 1 million people are visiting these popular people-friendly Kendras daily.

The PMBJP initiative continues to empower communities, ensuring that quality healthcare is within reach for every citizen. The record-breaking sales not only highlight the success of the program but also it plays a vital role in promoting health equity in the country.

*****

MV/AKS

(Release ID: 2066709) Visitor Counter : 26

MIL OSI Asia Pacific News –

January 24, 2025

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More in Finance

Union Minister Jitendra Singh addresses Karmayogi Saptah ‘Samuhik Charcha’ during the Karmayogi Saptah for the Ministry of Personnel, Public Grievances and PensionsDr Jitendra Singh lauds PM Shri Narendra Modi for his vision of Citizen-Centric Governance and Administrative Reforms

Pradhan Mantri Bhartiya Janaushadhi Pariyojana achieves sales worth Rs.1000 Crores in October 2024Jan Aushadhi Kendras grew more than 170 times in number in last 10 years; more than 14,000 kendras now cover almost all the districts of the country

Union Minister Jitendra Singh addresses Karmayogi Saptah ‘Samuhik Charcha’ during the Karmayogi Saptah for the Ministry of Personnel, Public Grievances and Pensions

Dr Jitendra Singh lauds PM Shri Narendra Modi for his vision of Citizen-Centric Governance and Administrative Reforms

Pradhan Mantri Bhartiya Janaushadhi Pariyojana achieves sales worth Rs.1000 Crores in October 2024

Jan Aushadhi Kendras grew more than 170 times in number in last 10 years; more than 14,000 kendras now cover almost all the districts of the country