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Category: Energy

  • MIL-OSI USA: Kaptur, Murray Blast Energy Department’s Decision to Steer Hundreds of Millions of Dollars Away from Wind, Solar to Favored Industries — In Defiance of Bipartisan Spending Bill

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    Washington, DC — Today, Congresswoman Marcy Kaptur (OH-09), Ranking Member of the House Appropriations Subcommittee on Energy and Water Development, and Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee and Ranking Member of the Subcommittee on Energy and Water Development issued the following joint statement on the Department of Energy’s (DOE) decision to illegally cut investments that Congress provided to support the research and development of wind and solar energy, instead steering funds to other favored energy sources, in defiance of the fiscal year 2025 full-year continuing resolution (CR) President Trump himself signed into law in March.

    “This outrageous, unlawful decision by the Trump administration is a direct attack on our energy independence and American families’ ability to afford their monthly energy bill. By slashing congressionally mandated investments in cutting-edge technologies, President Trump is driving up energy costs and ceding ground to our global competitors, who certainly aren’t throwing in the towel on the energy solutions of the future. This isn’t a bureaucratic misstep — it’s a deliberate, partisan effort to sabotage bipartisan law and redirect funding to the energy sources favored by Secretary Wright and his allies. We demand the Department immediately reverse this reckless decision and honor the funding levels Congress enacted and the President himself signed into law.”

    In fiscal year 2024, Congress provided $137 Million for the Department of Energy to support wind energy initiatives and provided $318 Million to support solar energy. The fiscal year 2025 full-year CR that House Republicans wrote and President Trump signed into law continued these fiscal year 2024 funding levels. But in a spend plan made public by DOE today, the Trump administration revealed it is steering hundreds of millions of dollars designated by Congress to support wind and solar energy to other, favored industries—jeopardizing critical progress and ceding ground on key energy solutions of the future — among other harmful cuts. Instead of funding wind energy initiatives at $137 Million, the administration is funding them at $29.8 Million (a 78% cut), and instead of funding solar initiatives at $318 Million, it is funding them at $41.9 Million (an 87% cut).

    # # #

    MIL OSI USA News –

    July 3, 2025
  • Pakistan doesn’t impinge on India-US ties: EAM Jaishankar

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister S Jaishankar on Wednesday dismissed suggestions that Pakistan has any bearing on India’s ties with the United States, asserting that the relationship stands on its own merit and is not defined by third countries.

    Addressing a press conference in Washington, Jaishankar said, “I would really urge you to get over the idea that we need to define ourselves regarding third countries in order to forge ahead in ties with Washington,” Jaishankar told reporters.

    “Big relationships are not forged in terms of third countries and where they fit,” he emphasised, responding to a question on whether Pakistan’s role has changed India-US ties.

    “The central factor in the relationship between India and the US is India and the US. It is our complementarity. In many ways, it is the benefits that we get from closer relationship that is actually driving it,” he said.

    Jaishankar underlined that India’s growing global stature demands greater self-assurance when engaging major partners. “We are a big country. We are among the top five economies of the world. We are the most populous country in the world. Our influence is growing,” he said. “We must have that confidence.”

    The foreign minister said that ties with the US have progressed on substantive issues that bring mutual benefit. “It’s about trade. It is about investment. It is about technology. It is about mobility. It is about energy,” he said.

    On former US President Donald Trump’s claim that he brokered the ceasefire between India and Pakistan after Operation Sindoor, Jaishankar said: “The record of what happened was very clear.”

    “The ceasefire was something that was negotiated between the DGMOs” — Directors General of Military Operations Lieutenant General Rajiv Ghai of India and Major General Kashif Abdullah of Pakistan — “I’d leave it at that,” he said.

    Jaishankar is in Washington for the Quad Ministerial meeting with US Secretary of State Marco Rubio and the Foreign Ministers of Australia and Japan. The Quad Ministers condemned the Pahalgam massacre carried out by The Resistance Front, linked to the Pakistan-based Lashkar-e-Toiba.

    On the sidelines, Jaishankar held separate meetings with Secretary Rubio, US Defence Secretary Pete Hegseth and Energy Secretary Chris Wright.

    “We essentially did a stock-taking of the last six months. And, you know, what do we do to go, a look ahead,” Jaishankar said on his talks with Rubio. “This included a discussion on trade and investment, on technology, on defence and security, on energy and on mobility.”

    Defence and energy ties warranted dedicated meetings with Hegseth and Wright, the Minister added.

    IANS

    July 3, 2025
  • Pakistan doesn’t impinge on India-US ties: EAM Jaishankar

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister S Jaishankar on Wednesday dismissed suggestions that Pakistan has any bearing on India’s ties with the United States, asserting that the relationship stands on its own merit and is not defined by third countries.

    Addressing a press conference in Washington, Jaishankar said, “I would really urge you to get over the idea that we need to define ourselves regarding third countries in order to forge ahead in ties with Washington,” Jaishankar told reporters.

    “Big relationships are not forged in terms of third countries and where they fit,” he emphasised, responding to a question on whether Pakistan’s role has changed India-US ties.

    “The central factor in the relationship between India and the US is India and the US. It is our complementarity. In many ways, it is the benefits that we get from closer relationship that is actually driving it,” he said.

    Jaishankar underlined that India’s growing global stature demands greater self-assurance when engaging major partners. “We are a big country. We are among the top five economies of the world. We are the most populous country in the world. Our influence is growing,” he said. “We must have that confidence.”

    The foreign minister said that ties with the US have progressed on substantive issues that bring mutual benefit. “It’s about trade. It is about investment. It is about technology. It is about mobility. It is about energy,” he said.

    On former US President Donald Trump’s claim that he brokered the ceasefire between India and Pakistan after Operation Sindoor, Jaishankar said: “The record of what happened was very clear.”

    “The ceasefire was something that was negotiated between the DGMOs” — Directors General of Military Operations Lieutenant General Rajiv Ghai of India and Major General Kashif Abdullah of Pakistan — “I’d leave it at that,” he said.

    Jaishankar is in Washington for the Quad Ministerial meeting with US Secretary of State Marco Rubio and the Foreign Ministers of Australia and Japan. The Quad Ministers condemned the Pahalgam massacre carried out by The Resistance Front, linked to the Pakistan-based Lashkar-e-Toiba.

    On the sidelines, Jaishankar held separate meetings with Secretary Rubio, US Defence Secretary Pete Hegseth and Energy Secretary Chris Wright.

    “We essentially did a stock-taking of the last six months. And, you know, what do we do to go, a look ahead,” Jaishankar said on his talks with Rubio. “This included a discussion on trade and investment, on technology, on defence and security, on energy and on mobility.”

    Defence and energy ties warranted dedicated meetings with Hegseth and Wright, the Minister added.

    IANS

    July 3, 2025
  • MIL-OSI: NuVista Energy Ltd. Announces Updated Annual Production Guidance Due to Third Party Midstream Delays

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 02, 2025 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (TSX:NVA, “NVA” or “NuVista”) is providing revised guidance to our annual production volumes and reiterating our commitment to our shareholder return strategy. Due to continued delays in commissioning the Pipestone Gas Plant (“Pipestone Plant”) and additional required work discovered during a gas plant turnaround in the greater Wapiti area (“Wapiti Turnaround”), we now anticipate annual volumes to average approximately 83,000 Boe/d(1). The impact of the delays due to the Pipestone Plant and Wapiti Turnaround on annual production volumes is approximately 3,500 Boe/d and 6,000 Boe/d, respectively. Both third-party facilities are expected to be fully operational prior to September.

    It is important to note the nature of the Wapiti Turnaround. These activities take place once every four years and were planned for in our annual budget. However, additional work was discovered that the operator has chosen to proceed with to set the plant up for a major life extension, increase throughput and improve reliability. Although undertaking this work has increased the duration of the turnaround, we are supportive of it being completed at this time and are looking forward to decades of reliable processing capacity to support NuVista’s growth strategy.

    NuVista’s operations continue to progress extremely well with 43 new wells expected to be available for production by the end of the third quarter, setting us up for fourth quarter volumes to exceed 100,000 Boe/d as planned. As a result of the delays noted above, production in the second quarter averaged approximately 73,500 Boe/d. A comprehensive update on our continued well cost achievements, production performance and production guidance for the third quarter will be provided with our second quarter earnings release in August.

    Importantly, we are reiterating our commitment to our shareholder returns strategy. Our pristine balance sheet, opportunistic hedging, and less intensive second half 2025 capital plan will allow us to continue to make significant progress on our share repurchase program despite the reduced outlook in our annual production volumes. At current commodity price levels, we anticipate generating approximately $150 million in free adjusted funds flow(2) in the second half of the year, the majority of which will be directed to the share repurchase program. We plan to maintain debt levels below our soft ceiling of $350 million and have flexibility in our capital plans to adapt if there is downward pressure in commodity prices.

    We would like to thank our staff and contractors for their continued commitment to advancing NuVista’s delivery of top-tier returns to shareholders. So far this year, we have achieved a new record production in the first quarter of just under 90,000 Boe/d and have repurchased 7.9 million shares representing a 3.3% reduction to the number of shares outstanding at the beginning of the year. With 43 new wells ready for production once the facility work is complete, we will be in a strong position to produce above 100,000 Boe/d in the fourth quarter of the year.

    Note:  
       
    (1) See “NuVista Guidance Information”.
    (2) “Free adjusted funds flow” is a non-GAAP financial measure that do not have any standardized meanings under IFRS Accounting Standards and therefore may not be comparable to similar measures presented by other companies where similar terminology is used. Reference should be made to the section entitled “Non-GAAP and Other Financial Measures” in NuVista’s MD&A for the three months ended March 31, 2025 for historical information on free adjusted funds flow, which information is incorporated by reference into this press release and can be found on NuVista’s SEDAR+ profile at www.sedarplus.ca.


    About NuVista

    NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. NuVista’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin. This play has the potential to create significant shareholder value due to the high-value condensate volumes associated with the natural gas production and the large scope of this resource play. The common shares of NuVista trade on the TSX under the symbol NVA. Learn more at www.nuvistaenergy.com.

    Advisories Regarding Oil and Gas Information

    BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

    Basis of presentation

    The reporting and measurement currency is the Canadian dollar. National Instrument 51-101 – “Standards of Disclosure for Oil and Gas Activities” includes condensate within the product type of natural gas liquids. NuVista has disclosed condensate values separate from natural gas liquids herein as NuVista believes it provides a more accurate description of NuVista’s operations and results therefrom.

    NuVista Guidance Information

    NuVista has updated its guidance for 2025 annual average daily production to approximately 83,000 Boe/d and its 2025 second quarter production estimate to 73,500 Boe/d. The production split for Boe/d amounts referenced in this press release are as follows:

    Reference Total Boe/d Natural Gas

    %

    Condensate

    %

    NGLs

    %

             
     Q2 2025 production estimate ~73,500  62%  29%  9% 
     Q2 2025 production guidance (original) (1) 75,000 – 77,000  62%  29%  9% 
     2025 annual production guidance (revised) ~83,000  61%  30%  9% 
     2025 annual production guidance (original) (1) ~90,000  61%  30%  9% 

    Note:

    (1) As of May 8, 2025.

    In this press release reference is made to 2025 price outlook in the forecast of annual free adjusted funds flow. The forecast is based on 2025 price assumptions of: US$65/Bbl WTI, US$3.70/MMBtu NYMEX, C$2.00/GJ AECO and 1.38:1 CAD:USD FX.

    Advisory Regarding Forward-Looking Information and Statements

    This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. The use of any of the words “will”, “expects”, “believe”, “plans”, “potential” and similar expressions are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements, including but not limited to:

    • the expected impact to annual production caused by delays in the third party infrastructure in the Pipestone and Wapiti areas;
    • the expected timing of start-up of a third-party gas plant in the Pipestone area as well as expected timing of the completion of third-party turnaround activities in the greater Wapiti area;
    • revised guidance with respect to annual 2025 production and production mix;
    • expectations with respect to second quarter 2025 production as compared to previously provided guidance;
    • expectations that production in the fourth quarter will exceed 100,000 Boe/d;
    • that NuVista will continue to be able to make significant progress on its share repurchase program;
    • that an update of well cost achievements, production performance and production guidance for the third quarter of 2025 will be provided in our August earnings release;
    • that we will generate free adjusted funds flow of approximately $150 million in the second half of 2025;
    • our ability to continue directing free adjusted funds flow towards our share repurchase program; and
    • that we will maintain debt levels below our soft ceiling of $350 million.

    The future acquisition of our common shares pursuant to a share buyback (including through our normal course issuer bid), if any, and the level thereof is uncertain. Any decision to acquire common shares pursuant to a share buyback will be subject to the discretion of the Board of Directors and may depend on a variety of factors, including, without limitation, NuVista’s business performance, financial condition, financial requirements, growth plans, expected capital requirements and other conditions existing at such future time including, without limitation, contractual restrictions and satisfaction of the solvency tests imposed on NuVista under applicable corporate law. There can be no assurance of the number of common shares that NuVista will acquire pursuant to a share buyback, if any, in the future.

    By their nature, forward-looking statements are based upon certain assumptions and are subject to numerous risks and uncertainties, some of which are beyond NuVista’s control, including the climate and impact of weather conditions on our assets, personnel, third party infrastructure and the communities where we work. NuVista has included the forward-looking statements in this press release in order to provide readers with a more complete perspective on NuVista’s future operations and such information may not be appropriate for other purposes. The forward-looking information contained herein are expressly qualified in their entirety by this cautionary statement.

    This press release also contains financial outlook and future oriented financial information (together, “FOFI”) relating to NuVista including, without limitation, free adjusted funds flow in the second half of 2025 and 2025 annual and second quarter production which are based on, among other things, the various assumptions disclosed in this press release including under “Advisory Regarding Forward-Looking Information and Statements”. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and the impact of the tariffs on NuVista’s business operations and financial condition, while currently unknown, may be material and adverse and, as such, undue reliance should not be placed on FOFI. NuVista’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits NuVista will derive therefrom. NuVista has included the FOFI in order to provide readers with a more complete perspective on NuVista’s future operations and such information may not be appropriate for other purposes.

    These forward-looking statements and FOFI are made as of the date of this press release and, except NuVista disclaims any intent or obligation to update any forward-looking statements and FOFI, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws, NuVista undertakes no obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise law.

    The MIL Network –

    July 3, 2025
  • Pakistan doesn’t impinge on India-US ties: Jaishankar

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister S Jaishankar on Wednesday dismissed suggestions that Pakistan has any bearing on India’s ties with the United States, asserting that the relationship stands on its own merit and is not defined by third countries.

    Addressing a press conference in Washington, Jaishankar said, “I would really urge you to get over the idea that we need to define ourselves regarding third countries in order to forge ahead in ties with Washington,” Jaishankar told reporters.

    “Big relationships are not forged in terms of third countries and where they fit,” he emphasised, responding to a question on whether Pakistan’s role has changed India-US ties.

    “The central factor in the relationship between India and the US is India and the US. It is our complementarity. In many ways, it is the benefits that we get from closer relationship that is actually driving it,” he said.

    Jaishankar underlined that India’s growing global stature demands greater self-assurance when engaging major partners. “We are a big country. We are among the top five economies of the world. We are the most populous country in the world. Our influence is growing,” he said. “We must have that confidence.”

    The foreign minister said that ties with the US have progressed on substantive issues that bring mutual benefit. “It’s about trade. It is about investment. It is about technology. It is about mobility. It is about energy,” he said.

    On former US President Donald Trump’s claim that he brokered the ceasefire between India and Pakistan after Operation Sindoor, Jaishankar said: “The record of what happened was very clear.”

    “The ceasefire was something that was negotiated between the DGMOs” — Directors General of Military Operations Lieutenant General Rajiv Ghai of India and Major General Kashif Abdullah of Pakistan — “I’d leave it at that,” he said.

    Jaishankar is in Washington for the Quad Ministerial meeting with US Secretary of State Marco Rubio and the Foreign Ministers of Australia and Japan. The Quad Ministers condemned the Pahalgam massacre carried out by The Resistance Front, linked to the Pakistan-based Lashkar-e-Toiba.

    On the sidelines, Jaishankar held separate meetings with Secretary Rubio, US Defence Secretary Pete Hegseth and Energy Secretary Chris Wright.

    “We essentially did a stock-taking of the last six months. And, you know, what do we do to go, a look ahead,” Jaishankar said on his talks with Rubio. “This included a discussion on trade and investment, on technology, on defence and security, on energy and on mobility.”

    Defence and energy ties warranted dedicated meetings with Hegseth and Wright, the Minister added.

    IANS

    July 3, 2025
  • MIL-OSI Canada: The Government of Canada funds energy projects in Alberta and the Northwest Territories to build a strong, sustainable economy

    Source: Government of Canada News (2)

    July 2, 2025 – Yellowknife, Northwest Territories

    Today, the Honourable Julie Dabrusin, Minister of Environment and Climate Change, visited Denendeh Manor, a four-storey Indigenous-owned apartment building in Yellowknife, to announce over $13.3 million in support of five projects in Alberta and the Northwest Territories.

    These projects are being funded under the Low Carbon Economy Fund (LCEF), which invests in projects that reduce greenhouse gas emissions, generate clean growth, build resilient communities, and create jobs for Canadians through four distinct funding streams. They are essential to building a clean economy and keeping Canadian innovation climate competitive.

    Three of the projects being announced are receiving funding from the LCEF Challenge stream, which supports a variety of organizations in adopting proven, low-carbon technologies to reduce their carbon footprint and stay climate competitive. The other two are receiving funding from the LCEF Indigenous Leadership stream, which supports Indigenous-owned and Indigenous-led renewable energy, energy efficiency, and low-carbon heating projects across Canada.

    • The Sherritt International Corporation is receiving approximately $1.6 million from the Challenge stream to increase the efficiency of the natural gas-fired boilers it uses to generate steam for its fertilizer plant in Fort Saskatchewan, Alberta.
    • Cavendish Farms Corporation is receiving nearly $1.4 million from the Challenge stream to install a heat recovery system and reduce reliance on natural gas at its Lethbridge, Alberta facility.
    • The Taurus Canada Renewable Natural Gas Corporation is receiving approximately $3.4 million from the Challenge stream to construct the world’s first small-scale biogenic carbon capture and storage project, using manure anaerobic digestion on the Kasko Cattle Co. Ltd. feedlot site.
    • Denendeh Manor GP Ltd. is receiving approximately $2.3 million from the Indigenous Leadership stream to improve energy efficiency and low carbon heating at Denendeh Manor in Yellowknife, Northwest Territories.
    • The Inuvialuit Regional Corporation is receiving approximately $4.6 million from the Indigenous Leadership stream to supply ground-mounted solar installation kits to Inuvialuit-owned cabins in the Inuvialuit Settlement Region of the Northwest Territories.

    These investments reaffirm the Government of Canada’s strong commitment to building a clean, sustainable economy for all; achieving its greenhouse gas emission reduction targets; and protecting our environment.

    MIL OSI Canada News –

    July 3, 2025
  • MIL-OSI Canada: The Government of Canada funds energy projects in Alberta and the Northwest Territories to build a strong, sustainable economy

    Source: Government of Canada News (2)

    July 2, 2025 – Yellowknife, Northwest Territories

    Today, the Honourable Julie Dabrusin, Minister of Environment and Climate Change, visited Denendeh Manor, a four-storey Indigenous-owned apartment building in Yellowknife, to announce over $13.3 million in support of five projects in Alberta and the Northwest Territories.

    These projects are being funded under the Low Carbon Economy Fund (LCEF), which invests in projects that reduce greenhouse gas emissions, generate clean growth, build resilient communities, and create jobs for Canadians through four distinct funding streams. They are essential to building a clean economy and keeping Canadian innovation climate competitive.

    Three of the projects being announced are receiving funding from the LCEF Challenge stream, which supports a variety of organizations in adopting proven, low-carbon technologies to reduce their carbon footprint and stay climate competitive. The other two are receiving funding from the LCEF Indigenous Leadership stream, which supports Indigenous-owned and Indigenous-led renewable energy, energy efficiency, and low-carbon heating projects across Canada.

    • The Sherritt International Corporation is receiving approximately $1.6 million from the Challenge stream to increase the efficiency of the natural gas-fired boilers it uses to generate steam for its fertilizer plant in Fort Saskatchewan, Alberta.
    • Cavendish Farms Corporation is receiving nearly $1.4 million from the Challenge stream to install a heat recovery system and reduce reliance on natural gas at its Lethbridge, Alberta facility.
    • The Taurus Canada Renewable Natural Gas Corporation is receiving approximately $3.4 million from the Challenge stream to construct the world’s first small-scale biogenic carbon capture and storage project, using manure anaerobic digestion on the Kasko Cattle Co. Ltd. feedlot site.
    • Denendeh Manor GP Ltd. is receiving approximately $2.3 million from the Indigenous Leadership stream to improve energy efficiency and low carbon heating at Denendeh Manor in Yellowknife, Northwest Territories.
    • The Inuvialuit Regional Corporation is receiving approximately $4.6 million from the Indigenous Leadership stream to supply ground-mounted solar installation kits to Inuvialuit-owned cabins in the Inuvialuit Settlement Region of the Northwest Territories.

    These investments reaffirm the Government of Canada’s strong commitment to building a clean, sustainable economy for all; achieving its greenhouse gas emission reduction targets; and protecting our environment.

    MIL OSI Canada News –

    July 3, 2025
  • MIL-OSI Canada: The Government of Canada funds projects in Alberta and the Northwest Territories to build a strong, sustainable economy

    Source: Government of Canada News

    The Government of Canada announced five projects receiving funding under the Low Carbon Economy Fund.

    The Low Carbon Economy Fund is an important part of Canada’s clean growth and climate action plans. It invests in projects that reduce greenhouse gas emissions, generate clean growth, build resilient communities, and create jobs for Canadians.

    The Low Carbon Economy Fund consists of four funding streams: the Leadership Fund, the Challenge Fund, the Indigenous Leadership Fund, and the Implementation Readiness Fund. Three of the projects announced are being funded by the Challenge Fund, which aims to help organizations adopt proven, low-carbon technologies to cut greenhouse gas emissions. The other two projects are being funded under the Indigenous Leadership Fund, which supports Indigenous-owned and Indigenous-led renewable energy, energy efficiency, and low-carbon heating projects across Canada.

    List of projects

    Recipient: Sherritt International Corporation
    Project title: Boiler Economizer
    Project description: Sherritt operates a production facility in Fort Saskatchewan, Alberta, which refines nickel and cobalt and produces ammonia and ammonium sulphate fertilizer. Sherritt currently uses two natural gas-fired steam boilers to provide steam for process use and heating throughout the facility. This project adds economizers to both boilers to preheat the boiler feedwater using waste heat from the boiler stack exhaust. The boiler economizers will increase boiler efficiency, reduce natural gas use, and reduce greenhouse gas emissions from combustion of natural gas.
    Province/Territory: Alberta
    Funding amount: $1,600,000
    Funding stream: Challenge 2023

    Recipient: Cavendish Farms Corporation
    Project title: Line 1 Fryer Heat Recovery – Lethbridge
    Project description: This project will recover heat energy from fryer exhaust and deposit it in various facility processes requiring heat. By using recovered heat energy, this project will reduce greenhouse gas emissions from combustion of natural gas.
    Province/Territory: Alberta
    Funding amount: $1,375,000
    Funding stream: Challenge 2023

    Recipient: Taurus Canada Renewable Natural Gas Corp.
    Project title: Small-Scale Carbon Capture and Storage from Feedlot Manure Anaerobic Digestion
    Project description: This project involves the design and construction of a small-scale, remote carbon capture system connected to a 100% feedlot manure-based anerobic digestion facility on a feedlot site owned by the Kasko Cattle Co. This project aims to reduce greenhouse gas emissions and contribute to investment and job creation in rural Alberta.
    Province/Territory: Alberta
    Funding amount: $3,405,000
    Funding stream: Challenge 2023

    Recipient: Denendeh Manor GP Ltd.
    Project title: Denendeh Manor Energy Efficiency Retrofit Project
    Project description: The project aims to improve energy efficiency and low carbon heating at Denendeh Manor, a four-storey, Indigenous-owned apartment building in Yellowknife, Northwest Territories. The upgrades will include a wood pellet biomass heating system, energy-efficient windows and doors, fire-smart siding, enhanced insulation, air sealing, better ventilation, LED lighting, and a rooftop solar hot water preheat array with a sewage heat recovery system. The goal is to increase the energy efficiency of the building and eliminate oil-fired heating, while also reducing greenhouse gas emissions, lowering utility costs, and creating jobs.
    Province/Territory: Northwest Territories
    Funding amount: $2,330,000
    Funding stream: Indigenous Leadership Fund

    Recipient: Inuvialuit Regional Corporation
    Project title: ISR Renewable Energy Cabin Retrofit
    Project description: The ISR Renewable Energy Cabin Retrofit project is to be delivered by the Inuvialuit Regional Corporation. The project aims to supply ground-mounted solar installation kits to Inuvialuit-owned cabins in the Inuvialuit Settlement Region (ISR), located in the Northwest Territories. To improve the accessibility, usability, and longevity of the solar photovoltaic (PV) systems, the project would support solar panel installation and maintenance workshops in six Inuvialuit Settlement Region communities. The project would also include a call for project proposals for Inuvialuit Settlement Region communities with the intention of providing funding to one or more selected projects that would support greenhouse gas emission reductions, generate clean growth, and build capacity in the Inuvialuit Settlement Region communities. The primary object of the project is to increase accessibility to clean energy sources for Inuvialuit in the Inuvialuit Settlement Region.
    Province: Northwest Territories
    Funding amount/Territory: $4,650,000
    Funding stream: Indigenous Leadership Fund

    MIL OSI Canada News –

    July 3, 2025
  • MIL-OSI Canada: The Government of Canada funds projects in Alberta and the Northwest Territories to build a strong, sustainable economy

    Source: Government of Canada News

    The Government of Canada announced five projects receiving funding under the Low Carbon Economy Fund.

    The Low Carbon Economy Fund is an important part of Canada’s clean growth and climate action plans. It invests in projects that reduce greenhouse gas emissions, generate clean growth, build resilient communities, and create jobs for Canadians.

    The Low Carbon Economy Fund consists of four funding streams: the Leadership Fund, the Challenge Fund, the Indigenous Leadership Fund, and the Implementation Readiness Fund. Three of the projects announced are being funded by the Challenge Fund, which aims to help organizations adopt proven, low-carbon technologies to cut greenhouse gas emissions. The other two projects are being funded under the Indigenous Leadership Fund, which supports Indigenous-owned and Indigenous-led renewable energy, energy efficiency, and low-carbon heating projects across Canada.

    List of projects

    Recipient: Sherritt International Corporation
    Project title: Boiler Economizer
    Project description: Sherritt operates a production facility in Fort Saskatchewan, Alberta, which refines nickel and cobalt and produces ammonia and ammonium sulphate fertilizer. Sherritt currently uses two natural gas-fired steam boilers to provide steam for process use and heating throughout the facility. This project adds economizers to both boilers to preheat the boiler feedwater using waste heat from the boiler stack exhaust. The boiler economizers will increase boiler efficiency, reduce natural gas use, and reduce greenhouse gas emissions from combustion of natural gas.
    Province/Territory: Alberta
    Funding amount: $1,600,000
    Funding stream: Challenge 2023

    Recipient: Cavendish Farms Corporation
    Project title: Line 1 Fryer Heat Recovery – Lethbridge
    Project description: This project will recover heat energy from fryer exhaust and deposit it in various facility processes requiring heat. By using recovered heat energy, this project will reduce greenhouse gas emissions from combustion of natural gas.
    Province/Territory: Alberta
    Funding amount: $1,375,000
    Funding stream: Challenge 2023

    Recipient: Taurus Canada Renewable Natural Gas Corp.
    Project title: Small-Scale Carbon Capture and Storage from Feedlot Manure Anaerobic Digestion
    Project description: This project involves the design and construction of a small-scale, remote carbon capture system connected to a 100% feedlot manure-based anerobic digestion facility on a feedlot site owned by the Kasko Cattle Co. This project aims to reduce greenhouse gas emissions and contribute to investment and job creation in rural Alberta.
    Province/Territory: Alberta
    Funding amount: $3,405,000
    Funding stream: Challenge 2023

    Recipient: Denendeh Manor GP Ltd.
    Project title: Denendeh Manor Energy Efficiency Retrofit Project
    Project description: The project aims to improve energy efficiency and low carbon heating at Denendeh Manor, a four-storey, Indigenous-owned apartment building in Yellowknife, Northwest Territories. The upgrades will include a wood pellet biomass heating system, energy-efficient windows and doors, fire-smart siding, enhanced insulation, air sealing, better ventilation, LED lighting, and a rooftop solar hot water preheat array with a sewage heat recovery system. The goal is to increase the energy efficiency of the building and eliminate oil-fired heating, while also reducing greenhouse gas emissions, lowering utility costs, and creating jobs.
    Province/Territory: Northwest Territories
    Funding amount: $2,330,000
    Funding stream: Indigenous Leadership Fund

    Recipient: Inuvialuit Regional Corporation
    Project title: ISR Renewable Energy Cabin Retrofit
    Project description: The ISR Renewable Energy Cabin Retrofit project is to be delivered by the Inuvialuit Regional Corporation. The project aims to supply ground-mounted solar installation kits to Inuvialuit-owned cabins in the Inuvialuit Settlement Region (ISR), located in the Northwest Territories. To improve the accessibility, usability, and longevity of the solar photovoltaic (PV) systems, the project would support solar panel installation and maintenance workshops in six Inuvialuit Settlement Region communities. The project would also include a call for project proposals for Inuvialuit Settlement Region communities with the intention of providing funding to one or more selected projects that would support greenhouse gas emission reductions, generate clean growth, and build capacity in the Inuvialuit Settlement Region communities. The primary object of the project is to increase accessibility to clean energy sources for Inuvialuit in the Inuvialuit Settlement Region.
    Province: Northwest Territories
    Funding amount/Territory: $4,650,000
    Funding stream: Indigenous Leadership Fund

    MIL OSI Canada News –

    July 3, 2025
  • MIL-Evening Report: More and more tourists are flocking to Antarctica. Let’s stop it from being loved to death

    Source: The Conversation (Au and NZ) – By Darla Hatton MacDonald, Professor of Environmental Economics, University of Tasmania

    VCG via Getty Images

    The number of tourists heading to Antarctica has been skyrocketing. From fewer than 8,000 a year about three decades ago, nearly 125,000 tourists flocked to the icy continent in 2023–24. The trend is likely to continue in the long term.

    Unchecked tourism growth in Antarctica risks undermining the very environment that draws visitors. This would be bad for operators and tourists. It would also be bad for Antarctica – and the planet.

    Over the past two weeks, the nations that decide what human activities are permitted in Antarctica have convened in Italy. The meeting incorporates discussions by a special working group that aims to address tourism issues.

    It’s not easy to manage tourist visitors to a continent beyond any one country’s control. So, how do we stop Antarctica being loved to death? The answer may lie in economics.

    Future visitor trends

    We recently modelled future visitor trends in Antarctica. A conservative scenario shows by 2033–34, visitor numbers could reach around 285,000. Under the least conservative scenario, numbers could reach 450,000 – however, this figure incorporates pent-up demand from COVID shutdowns that will likely diminish.

    The vast majority of the Antarctic tourism industry comprises cruise-ship tourism in the Antarctic Peninsula. A small percentage of visitors travel to the Ross Sea region and parts of the continent’s interior.

    Antarctic tourism is managed by an international set of agreements together known as the Antarctic Treaty System, as well as the International Association of Antarctica Tour Operators (IAATO).

    The Treaty System is notoriously slow-moving and riven by geopolitics, and IAATO does not have the power to cap visitor numbers.

    Pressure on a fragile continent

    About two-thirds of Antarctic tourists land on the continent. The visitors can threaten fragile ecosystems by:

    • compacting soils
    • trampling fragile vegetation
    • introducing non-native microbes and plant species
    • disturbing breeding colonies of birds and seals.

    Even when cruise ships don’t dock, they can cause problems such as air, water and noise pollution – as well as anchoring that can damage the seabed.

    Then there’s carbon emissions. Each cruise ship traveller to Antarctica typically produces between 3.2 and 4.1 tonnes of carbon, not including travel to the port of departure. This is similar to the carbon emissions an average person produces in a year.

    Global warming caused by carbon emissions is damaging Antarctica. At the Peninsula region, glaciers and ice shelves are retreating and sea ice is shrinking, affecting wildlife and vegetation.

    Of course, Antarctic tourism represents only a tiny fraction of overall emissions. However, the industry has a moral obligation to protect the place that maintains it. And tourism in Antarctica can compound damage from climate change, tipping delicate ecosystems into decline.

    Some operators use hybrid ships and less polluting fuels, and offset emissions to offer carbon-neutral travel.

    IAATO has pledged to halve emissions by 2050 – a positive step, but far short of the net-zero targets set by the International Maritime Organization.

    Can economics protect Antarctica?

    Market-based tools – such as taxes, cap-and-trade schemes and certification – have been used in environmental management around the world. Research shows these tools could also prevent Antarctic tourist numbers from getting out of control.

    One option is requiring visitors to pay a tourism tax. This would help raise revenue to support environmental monitoring and enforcement in Antarctica, as well as fund research.

    Such a tax already exists in the small South Asian nation of Bhutan, where each tourist pays a tax of US$100 (A$152) a night. But while a tax might deter the budget-conscious, it probably wouldn’t deter high income, experience-driven tourists.

    Alternatively, a cap-and-trade system would create a limited number of Antarctica visitor permits for a fixed period. The initial distribution of permits could be among tourism operators or countries, via negotiation, auction or lottery. Unused permits could then be sold, making them quite valuable.

    Caps have been successful at managing tourism impacts elsewhere, such as Lord Howe Island, although there are no trades allowed in that system.

    Any cap on tourist numbers in Antarctica, and rules for trading, must be based on evidence about what the environment can handle. But there is a lack of precise data on Antarctica’s carrying capacity. And permit allocations amongst the operators and nations would need to be fair and inclusive.

    Alternatively, existing industry standards could be augmented with independent schemes certifying particular practices – for example, reducing carbon footprints. This could be backed by robust monitoring and enforcement to avoid greenwashing.

    Looking ahead

    Given the complexities of Antarctic governance, our research finds that the most workable solution is a combination of these market-based options, alongside other regulatory measures.

    So far, parties to the Antarctic treaty have made very few binding rules for the tourism industry. And some market-based levers will be more acceptable to the parties than others. But doing nothing is not a solution.


    The authors would like to acknowledge Valeria Senigaglia, Natalie Stoeckl and Jing Tian and the rest of the team for their contributions to the research upon which this article was based.

    Darla Hatton MacDonald receives funding from the Australian Research Council, the Australian Forest and Wood Innovations Centre, the Department of Climate Change, Energy, the Environment and Water, and the Soils CRC. She has received in-kind support from Antarctic tour operator HX.

    Elizabeth Leane receives funding from the Australian Research Council, the Dutch Research Council, and DFAT. She also receives in-kind support and occasional funding from Antarctic tourism operator HX and in-kind support from other tour operators.

    – ref. More and more tourists are flocking to Antarctica. Let’s stop it from being loved to death – https://theconversation.com/more-and-more-tourists-are-flocking-to-antarctica-lets-stop-it-from-being-loved-to-death-258294

    MIL OSI Analysis – EveningReport.nz –

    July 3, 2025
  • MIL-OSI USA: Chairman Aguilar: The GOP’s One Big Ugly Bill is fundamentally un-American

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – July 02, 2025

    WASHINGTON, D.C. — Today, House Democratic Caucus Chair Pete Aguilar joined Democratic Leader Hakeem Jeffries, Democratic Whip Katherine Clark, Budget Committee Ranking Member Brendan Boyle, Agriculture Committee Ranking Member Angie Craig, Ways and Means Committee Ranking Member Richard Neal, Energy and Commerce Committee Ranking Member Frank Pallone and House Democrats for a press conference on Trump’s One Big Ugly Bill. 

    CHAIRMAN AGUILAR: Donald Trump promised the American people that he would cut costs on day one. Republicans in Congress swore up and down that their policies would fight inflation and make life easier for everyday Americans. More lies. But we’ve all seen under this President, and this Republican majority, the prices continue to rise and the American Dream slipping further from reach. 

    Today marks the culmination of Donald Trump’s betrayal of working people across this country. Because of this bill, your health care is going to go up. Your electric bill is going to be more expensive. The clothes and groceries that you buy are already rising due to his reckless tariffs. The only people who make out in this bill are people who can already afford to pay a little bit more at the checkout line. But that’s not the reality for most people in this country. This bill isn’t for the American people—it’s a reward to the mega-rich campaign donors that bankroll Republican campaigns. 

    Why would Gabe Evans in Colorado vote for this bill? 29,000 people will lose access to health care in his district. 30,000 households will lose access to food nutrition programs, and almost 1,000 energy jobs will be lost. No one asked 17 million people to lose their health insurance. No one asked for hospitals to close or nursing homes to be shuttered because billionaires want more tax breaks. Where I’m from, that’s not big or beautiful. That’s small and ugly. No one asked for food assistance to be taken away from children to give handouts to the same corporations gouging the American people. 

    House Democrats believe that this bill is fundamentally un-American. We are going to fight to make sure billionaires and wealthy corporations pay their fair share, so that we can build an economy that works for everyone. We are going to fight to make America less expensive. And we’re going to fight to give working class people more breathing room and opportunities to get ahead.

    I want to thank my House colleagues for standing with us in this time, against this bill. I want to thank the community members who have joined us as well. And members of the faith-based community as well.

    We’re not here in a partisan exercise. We’re here because the American people don’t deserve this suffering. Now we did take a little bit of liberty when we said, “Hell no.” We didn’t ask them, members of the clergy, but we stand in unison against this dangerous bill. And today, however long it takes, we will continue to vote against this bill. We will do it together, and we will do it with the American people in mind. Thank you so much. 

    Video of the full press conference can be viewed here.

    ###

    MIL OSI USA News –

    July 3, 2025
  • MIL-OSI Security: Multiple Eastern North Carolina Health Care Professionals Charged in Connection with 2025 National Health Care Fraud Takedown

    Source: US FBI

    RALEIGH, N.C. – Today, Acting United States Attorney Daniel P. Bubar announced criminal charges against five individuals and one company, in connection with alleged schemes to defraud and abuse the Medicare and Medicaid programs, and other insurance carriers.  The charges filed in federal court are part of the Department of Justice’s 2025 National Health Care Fraud Takedown. The charges stem from Medicaid kickbacks to patients in exchange for attending substance abuse services, and from false and fraudulent billings to Medicare for durable medical equipment.

    “Fraud against our healthcare system is not a victimless crime – it threatens patient care, burdens taxpayers, and undermines trust in critical programs,” said Acting U.S. Attorney Daniel P. Bubar. “Today’s charges demonstrate our offices resolve to pursue those who attempt to profit by violating federal law and jeopardizing public resources. We will continue to work with our federal and state law enforcement partners to ensure accountability.”

    “Today’s record-setting Health Care Fraud Takedown sends a crystal-clear message to criminal actors, both foreign and domestic, intent on preying upon our most vulnerable citizens and steal from hardworking American taxpayers: we will find you, we will prosecute you, and we will hold you accountable to the fullest extent of the law,” said Attorney General Pamela Bondi. “Make no mistake – this administration will not tolerate criminals who line their pockets with taxpayer dollars while endangering the health and safety of our communities.”

    All the cases are part of a strategically coordinated, nationwide law enforcement action that resulted in criminal charges against 324 defendants for their alleged participation in health care fraud and illegal drug diversion schemes that involved the submission of over $14.6 billion in intended loss and over 15 million pills of illegally diverted controlled substances. The defendants allegedly defrauded programs entrusted for the care of the elderly and disabled to line their own pockets. The United States has seized over $245 million in cash, luxury vehicles and other assets in connection with the takedown.

    The following individuals have been charged in the Eastern District of North Carolina:

    • Kimberly Mable Sims (a lab company owner), Francine Sims Super (an office manager), and Keke Komeko Johnson (a compliance officer), were charged by information in connection with the payment of more than $1 million in illegal remunerations in the form of gift cards to patients of Life Touch, LLC (“Life Touch”), a North Carolina substance abuse treatment company, and in connection with false statements to Medicaid auditors regarding the same. The inducements resulted in more than $25 million in payments from Medicaid to Life Touch. As alleged, over four years, Life Touch, through its compliance officer and managers, routinely paid patients based upon the number of days per week that they received services. Life Touch staff also received kickbacks from a lab company that it utilized for drug testing services. The charging documents further allege that Medicaid auditors were deceived regarding these ongoing practices at Life Touch and the lab company. In addition, Super and Johnson were each charged with failure to file a tax return. Life Touch and Brandon Eugene Sims were previously charged in this case. More than $6 million in assets in the form of cash, real estate and other assets haven been seized. The cases are being prosecuted by Special Assistant U.S. Attorney Tasha Gardner, and Assistant U.S. Attorney William M. Gilmore of the U.S. Attorney’s Office for the Eastern District of North Carolina.

    • Randal Fenton Wood, 56, of Flagler Beach, Florida, was charged by information with conspiracy to commit health care fraud in connection with a scheme to bill Medicare, the Civilian Health and Medical Program of the Department of Veterans Affairs (CHAMPVA), and other insurance programs for medically unnecessary durable medical equipment (“DME”). As alleged in the information, Wood and others partnered with purported marketing entities which solicited Medicare beneficiaries to accept durable medical equipment, such as braces and pneumatic compression devices, by illegally waiving copays and pressuring beneficiaries to accept the equipment without verifying that the equipment was medically necessary. The marketing entities sold the beneficiary information and the prefilled orders to Wood and other DME supply companies, who developed and implemented a “doctor chase” model to pressure physicians into signing or altering orders so that they could be billed in full. The DME supply companies owned by or affiliated with Wood received over $39 million in reimbursement from Medicare for DME ordered through this scheme. The case is being prosecuted by Assistant U.S. Attorney David G. Beraka of the U.S. Attorney’s Office for the Eastern District of North Carolina.

    In addition to the foregoing cases, which were a part of the National Enforcement Action, Acting United States Attorney Bubar today also announces the convictions of the following healthcare and mental health practitioners in connection with an investigation into billing and documentation practices by Medicaid mental health providers Our Treatment Center and Partners Against Sexually Transmitted Diseases, which operated in Raleigh, North Carolina:

    • Dawn Marie Meacham, 61, of Raleigh, a Licensed Clinical Mental Health Counselor (LCMHC) pled guilty to Conspiracy to Make and Use Materially False Writings and Documents Relating to Health Care Matters, in violation of Title 18, United States Code, Section 371.  At sentencing, which remains pending, Meacham faces up to 5 years of imprisonment on the charge.

    • Kim Jones Kelly, 68, of Greenville, a Licensed Clinical Addiction Specialist (LCAS) pled guilty to Conspiracy to Make and Use Materially False Writings and Documents Relating to Health Care Matters, in violation of Title 18, United States Code, Section 371.  At sentencing, which remains pending, Kelly faces up to 5 years of imprisonment on the charge.

    • Pius Ondachi, 54, of Raleigh, a Licensed Clinical Mental Health Counselor (LCMHC) pled guilty to Making and Using Materially False Writings and Documents Relating to Health Care Matters, in violation of Title 18, United States Code, Section 1035(a)(2).  At sentencing, which remains pending, Ondachi faces up to 5 years of imprisonment on the charge.

    • Tequila Vinson Bogan, 48, of Smithfield, a Licensed Clinical Mental Health Counselor (LCMHC) pled guilty to Conspiracy to Make and Use Materially False Writings and Documents Relating to Health Care Matters, in violation of Title 18, United States Code, Section 371.  At sentencing, which remains pending, Bogan faces up to 5 years of imprisonment on the charge.

    • Ifeoma Ezugwu, 56, of Raleigh, a Licensed Clinical Social Worker Associate (LCSWA) pled guilty to Making and Using Materially False Writings and Documents Relating to Health Care Matters, in violation of Title 18, United States Code, Section 1035(a)(2).  At sentencing, which remains pending, Ezugwu faces up to 5 years of imprisonment on the charge.

    • Queensly Onuzulike, 49, of Raleigh, a Licensed Clinical Social Worker (LCSW) pled guilty to Conspiracy to Make and Use Materially False Writings and Documents Relating to Health Care Matters, in violation of Title 18, United States Code, Section 371.  At sentencing, which remains pending, Onuzulike faces up to 5 years of imprisonment on the charge.

    • Tamika Rochaelle Autry, 29, of Wilson, a Certified Peer Support Specialist and Qualified Practitioner, pled guilty to Making and Using Materially False Writings and Documents Relating to Health Care Matters, in violation of Title 18, United States Code, Section 1035(a)(2).  At sentencing, which remains pending, Autry faces up to 5 years of imprisonment on the charge.

    Special Assistant United States Attorney Tasha C. Gardner, of the United States Attorney’s Office for the Eastern District of North Carolina, and the North Carolina Attorney General’s Office – Medicaid Investigations Division, serves as prosecutor on each of these cases.

    “Individuals and entities that participate in federal healthcare programs are expected to obey the laws meant to preserve the integrity of program funds,” said Kelly J. Blackmon, Special Agent in Charge with the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “HHS-OIG will continue to collaborate with our law enforcement partners to investigate allegations of Medicare and Medicaid fraud.”

    “Healthcare fraud isn’t a crime that only exists on paper. These schemes drain taxpayer-funded government programs designed to assist citizens who may not otherwise be able to afford healthcare. The FBI and our partners work tirelessly to stop people from defrauding the government, protect the integrity of the programs for those who truly need it, and bring offenders to justice,” said FBI Charlotte Acting Special Agent in Charge James C. Barnacle Jr.

    “We remain committed to uncovering misconduct in use of healthcare funds and holding offenders accountable,” said Acting Special Agent in Charge Richard Gaskins, Charlotte Field Office, Internal Revenue Service Criminal Investigation. “Our special agents will continue to work alongside our law enforcement partners to pursue individuals who try to exploit federal relief programs for their personal gain.”

    “These people were entrusted to help provide health care and necessary medical tests to patients, but instead they used patients’ information to commit Medicaid fraud,” said North Carolina Attorney General Jeff Jackson. “I’m grateful for the work of our office’s Medicaid Investigations Division to hold these fraudsters accountable, as well as the partnerships with federal and state law enforcement and prosecutors that helped get this done. We’ll make sure anyone who abuses taxpayer dollars is held accountable.”

    “This criminal charge underscores the VA Office of Inspector General’s commitment to vigorously investigate those who would seek to defraud VA healthcare programs,” said Special Agent in Charge Nate Landkammer with the VA Office of Inspector General’s Mid-Atlantic Field Office. “The VA OIG thanks the U.S. Attorney’s Office, and our law enforcement partners for their efforts in this investigation.”

    Principal Assistant Deputy Chief Jacob Foster, Assistant Deputy Chief Rebecca Yuan, Trial Attorney Miriam L. Glaser Dauermann, and Data Analyst Elizabeth Nolte, all of the Health Care Fraud Unit of the Criminal Division’s Fraud Section, led and coordinated this year’s Takedown. The cases are being prosecuted by the Health Care Fraud Unit’s National Rapid Response, Florida, Gulf Coast, Los Angeles, Midwest, New England, Northeast, and Texas Strike Forces; U.S. Attorneys’ Offices for the District of Arizona, Central District of California, Northern District of California, Southern District of California, District of Columbia, District of Connecticut, District of Delaware, Middle District of Florida, Northern District of Florida, Southern District of Florida, Middle District of Georgia, District of Idaho, Northern District of Illinois, Eastern District of Kentucky, Western District of Kentucky, Eastern District of Louisiana, Middle District of Louisiana, District of Maine, District of Massachusetts, Eastern District of Michigan, Western District of Michigan, Northern District of Mississippi, Southern District of Mississippi, District of Montana, District of Nevada, District of New Hampshire, District of New Jersey, Eastern District of New York, Northern District of New York, Southern District of New York, Western District of New York, Eastern District of North Carolina, Western District of North Carolina, District of North Dakota, Northern District of Ohio, Southern District of Ohio, Northern District of Oklahoma, Western District of Oklahoma, District of Oregon, Eastern District of Pennsylvania, District of South Carolina, Middle District of Tennessee, Western District of Tennessee, Northern District of Texas, Southern District of Texas, Western District of Texas, District of Vermont, Eastern District of Virginia, Western District of Washington, and Northern District of West Virginia; and State Attorneys General’s Offices for California, Illinois, Indiana, Louisiana, Massachusetts, Michigan, Missouri, New York, Ohio, Pennsylvania, South Carolina, and Wisconsin. The Health Care Fraud Unit’s Data Analytics Team used cutting-edge data analytics to identify and support the investigations that led to these charges.

    The Eastern District of North Carolina, in particular, worked with the following law enforcement organizations to investigate and prosecute the cases filed during the enforcement period: The U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG), the North Carolina Attorney General’s Office – Medicaid Investigations Division (MID), the Federal Bureau of Investigation (FBI), the Internal Revenue Service Criminal Investigation (IRSCI), the Defense Criminal Investigative Service (DCIS), and the Department of Veterans Affairs Office of Inspector General.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Forces. Prior to the charges announced as part of today’s nationwide Takedown and since its inception in March 2007, the Health Care Fraud Strike Force, which operates in 27 districts, charged more than 5,400 defendants who collectively billed Medicare, Medicaid, and private health insurers more than $27 billion.

    A complaint, information, or indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

    July 3, 2025
  • MIL-OSI Europe: REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) 2015/1017, (EU) 2021/523, (EU) 2021/695 and (EU) 2021/1153 as regards increasing the efficiency of the EU guarantee under Regulation (EU) 2021/523 and simplifying reporting requirements – A10-0117/2025

    Source: European Parliament

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) 2015/1017, (EU) 2021/523, (EU) 2021/695 and (EU) 2021/1153 as regards increasing the efficiency of the EU guarantee under Regulation (EU) 2021/523 and simplifying reporting requirements

    (COM(2025)0084 – C10‑0036/2025 – 2025/0040(COD))

    (Ordinary legislative procedure: first reading)

    The European Parliament,

    – having regard to the Commission proposal to Parliament and the Council (COM(2025)0084),

    – having regard to Article 294(2) and Articles 172 and 173, Article 175, third paragraph, Article 182(1), Article 188, second paragraph, and Articles 183 and 194 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C10‑0036/2025),

    – having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

    – having regard to the opinion of the European Economic and Social Committee of 29 April 2025[1],

    – after consulting the Committee of the Regions,

    – having regard to Rule 60 of its Rules of Procedure,

    – having regard to the joint deliberations of the Committee on Budgets and the Committee on Economic and Monetary Affairs under Rule 59 of the Rules of Procedure,

    – having regard to the opinions of the Committee on Industry, Research and Energy and of the Committee on Transport and Tourism,

    – having regard to the report of the Committee on Budgets and the Committee on Economic and Monetary Affairs (A10-0117/2025),

    1. Adopts its position at first reading hereinafter set out;

    2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

    3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

     

    Amendment  1

    AMENDMENTS BY THE EUROPEAN PARLIAMENT[*]

    to the Commission proposal

    ———————————————————

     

    2025/0040 (COD)

    Proposal for a

    REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

    amending Regulations (EU) 2015/1017, (EU) 2021/523, (EU) 2021/695 and (EU) 2021/1153 as regards increasing the efficiency of the EU guarantee under Regulation (EU) 2021/523 and simplifying reporting requirements

    THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

    Having regard to the Treaty on the Functioning of the European Union, and in particular Article 172 and Article 173, Article 175, third paragraph, Article 182(1), Article 188, second paragraph, Article 183 and Article 194 thereof,

    Having regard to the proposal from the European Commission,

    After transmission of the draft legislative act to the national parliaments,

    Having regard to the opinion of the European Economic and Social Committee of 29 April 2025[2],

    After consulting the Committee of the Regions▌,

    Acting in accordance with the ordinary legislative procedure,

    Whereas:

    (1) The Union faces massive financing needs to deliver on its objectives in the areas of innovation, the green and digital transition, and social investment and skills, while a complex backdrop affecting the Union’s competitiveness and industrial base characterised by changing global dynamics, slow economic growth, accelerated climate change and environmental degradation, technological competition and rising geopolitical tensions needs to be addressed. In that context, enhancing the Union’s autonomy, in particular in the area of energy, by supporting investments that strengthen a renewable-based and clean energy system, is essential to reduce dependencies and safeguard economic and political stability.

    (1a) Additionality and the leveraging effect of the EU guarantee are the foundation of both the EFSI and the InvestEU Programme, enabling especially the scaling up of new and innovative technologies and companies as well as de-risking investment for private investors. It is necessary for the European Parliament to have better oversight over the InvestEU Programme to ensure that the EU guarantee is used in accordance with the programme’s objectives, such as fostering sustainable growth and competitiveness, with genuine additionality compared to private investors.

    (2) The Draghi report assesses the combined additional investment needs in Europe at EUR 750-800 billion per year by 2030, with EUR 450 billion needed for the energy transition alone. This includes a substantial amount for the green and digital transition. Ensuring sufficient public and private investment is critical to boost productivity growth and achieve Union’s goals, leverage private investments with the objective to decarbonise industry, accelerate the production, storage and deployment of clean energy and electrification, strengthen interconnections and grids, advance sustainable and circular business models, foster sustainable building renovation, develop clean tech manufacturing as well as digital technologies and their diffusion across economic sectors.

    (2a) Europe is experiencing an acute housing crisis which consists in two market failures: a shortage of affordable and social housing, and a failure to bridge the energy efficiency gap, with 46 million Europeans living in energy poverty. According to an analysis by the EIB Group, an estimated annual investment of EUR 300 to 400 billion is needed for construction and renovation only. In that regard, the Commission is planning to present a first-ever European Affordable Housing Plan and is partnering with the EIB Group, national promotional banks and international financial institutions to develop a European investment platform for affordable and sustainable housing. Increasing the amount available under the social investment and skills policy window would allow greater support from InvestEU for that key priority. In particular, it is necessary for the Commission and implementing partners to enhance the visibility and accessibility of financing instruments in relation to housing. This would contribute to the implementation of the European Pillar of Social Rights.

    (2b) In the light of Russia’s war of aggression against Ukraine, increased national and European spending is required to enhance European defence capabilities and to support the European Defence Technological and Industrial Base (EDTIB). On 19 March 2025, the Commission and the High Representative of the Union for Foreign Affairs and Security Policy presented a White Paper for European Defence –Readiness 2030 containing a plan to significantly step up Europe’s spending on security and defence. InvestEU enables financing and investment operations to develop the Union defence industry and military mobility, including financial support to small and medium-sized enterprises (SMEs) and mid-caps. Increasing the amount available under the relevant windows would allow greater support from InvestEU for this key priority. In particular, it is necessary for the Commission and implementing partners to enhance the visibility and accessibility of financing instruments for SMEs, mid-caps, and start-ups in the defence supply chain.

    (2c) In 2024, the Commission launched, together with the European Investment Fund, an export credit guarantee facility under InvestEU with a view to encouraging Union SMEs to strengthen economic ties with Ukraine and revitalise trade, thereby contributing to Ukraine’s economic recovery and improving the competitiveness of SMEs. It is important that as many European export credit agencies as possible participate in this facility.

    (2d) The Letta and Draghi reports underline the importance of well-functioning transport networks and services to ensure a transition towards a green economy while strengthening the Union’s competitiveness. In that regard, massive strategic investments are needed to complete missing links and to modernise transport infrastructure, where major gaps exist in public and private financing.

    (3) The InvestEU Fund is the main EU-level tool to leverage public and private funding to support a broad range of Union policy priorities. Through its comprehensive network of implementing partners, including the European Investment Bank (EIB), the European Investment Fund (EIF), other international financial institutions and national promotional banks and institutions, the InvestEU Fund is delivering much-needed financing through its risk-sharing capacity. The InvestEU interim evaluation highlighted that budgetary guarantees are inherently efficient for the EU budget and confirmed that the programme is well on track to mobilise investment, with a notable expected impact on the real economy. However, approvals of financing and investment operation under InvestEU were heavily frontloaded, and as a result, if no action is taken to address the issue, new approvals for some financial products may cease after 2025.

    (4) The financial capacity of InvestEU Fund should be increased and used even more efficiently in combination with resources that will become available under the European Fund for Strategic Investments (EFSI) and other legacy instruments (CEF Debt Instrument and InnovFin Debt Facility) implemented by the EIB Group. These combinations potentially reduce the budget revenues from legacy instruments. However, they would also create the possibility for an increased volume of guarantee cover to be provided for strategic investments in key Union priority areas for an additional investment of around EUR 25 billion that can be expected to be mobilised and by leading to an increased diversification of risks and thus not substantially increasing the risks for the Union budget.

    (5) With the EUR 4,5 billion increase of the EU guarantee underpinned by ▌additional reflows of EUR 1,8 billion, and the efficiency measures implemented by combining the capacities of the legacy instruments with the InvestEU Fund, it is expected that around EUR 70 billion in additional investment could be mobilised. The financial contribution of the EIB Group should be proportionally adjusted to the share of the increased EU guarantee allocated to them. The indicative distribution of the EU guarantee between the four policy windows should be increased proportionally to the increase of the EU guarantee.

    (5a) InvestEU advisory services play an important role in the development of a pipeline of projects. Those advisory services are particularly useful in complex areas, such as affordable social housing and defence. It would therefore be appropriate to use EUR 200 million in reflows to increase the amount made available for such services. Furthermore, it is necessary to enhance the interaction between the various components of the InvestEU Programme, in particular between the InvestEU Advisory Hub and the InvestEU Portal.

    (5b) The Commission estimates the amount of provisioning required to cover future life-time losses from the operations supported under the InvestEU Fund with a 95 % confidence level of the value at risk. Taking into account the positive experience with the InvestEU Programme to date and in order to maximise budgetary efficiency while preserving a suitable level of risk management, it would be appropriate for the Commission to assess whether to reduce that level to 90 %, which would be in line with risk-related methodologies in Union external policies and would enable a high volume of financing and investment operations in support of the Union’s strategic priorities.

    (6) In order to enhance the attractiveness of the Member State compartment under the InvestEU Fund, it should be made possible for Member States to contribute also in a fully funded manner through an InvestEU financial instrument in addition to the existing option of contributing to the EU guarantee. The support from InvestEU financial instrument should, to the extent possible, be implemented following the same principles as those of the EU guarantee. Through the InvestEU financial instrument, non-euro Member States could benefit from the InvestEU programme financially more efficiently in their own currency. The InvestEU financial instrument should also provide a further incentive for responsibly increasing the risk appetite of the implementing partners thereby contributing to the crowding-in of private capital.

    (6a) It is possible to combine amounts allocated to the Member State compartment with resources under the EU compartment in a layered structure to achieve a better risk coverage, in particular with a first loss tranche covered by national resources. Member States should further explore that possibility to mobilise more investments in strategic areas. To ensure coherence with the objectives of the InvestEU Programme, such combinations should respect the principles of EU value-added, fair competition, and the integrity of the internal market, and should support cross-border cooperation where relevant.

    (7) In line with an overall objective of simplification so as to alleviate the administrative burden for final recipients, financial intermediaries and implementing partners, reporting requirements, including those relating to key performance and monitoring indicators, should be reduced, where appropriate, in particular those that affect small businesses and small-size operations. Without prejudice to the definition of an SME for the purposes of other Union acts and any future programmes and funds, the application of the definition of an SME for the purposes of the InvestEU Programme should be adjusted to remove complexities to the extent possible, taking account of the possibility for implementing partners to request information on the ownership structure of SMEs for the purpose of calculating the headcount. In that regard, and as noted in Recital 14 of Commission Recommendation 2003/361/EC[3], enterprises should be permitted to use solemn declarations to certify specific characteristics relevant to their SME status, such as the autonomy of their ownership structures. Specific attention should be paid to social economy enterprises and micro finance institutions.

    (7a) It is appropriate for the Commission to take further non-legislative simplification measures in order to complement this amending Regulation, such as reducing the frequency of progress reports to be submitted by implementing partners. However, it is important that such measures do not compromise the effectiveness of auditing and monitoring mechanisms necessary to ensure alignment with the Union’s policy objectives.

    (7b) It is important that State aid procedures applicable to operations supported under the InvestEU Fund be proportionate, predictable, and streamlined. In that context, it is also important that the Commission explore all available means to simplify and accelerate State aid assessments. This could include making greater use of the principle of market conformity. Furthermore, it is necessary that, where appropriate, the Commission provide timely guidance and further clarify and simplify the application of State aid rules to national financial instruments.

    (8) The frequency and scope of reports should also be reduced for the InvestEU programme and its predecessor, the EFSI programme.

    (9) For the Commission’s accounting, implementing partners should provide for combinations audited financial statements in line with Article 212(4) of the Financial Regulation, clearly delineating the amounts related to the different legal basis.

    (10) Regulations (EU) 2015/1017, (EU) 2021/695 and (EU) 2021/1153 should be amended to allow for combinations of support under those Regulations and the EU guarantee under this Regulation.

    (10a) On 18 April 2019, the Commission declared that ‘without prejudice to the prerogatives of the Council in the implementation of the Stability and Growth Pact (SGP), one-off contributions by Member States, either by a Member State or by national promotional banks classified in the general government sector or acting on behalf of a Member State, into thematic or multi-country investment platforms should in principle qualify as one-off measures within the meaning of Articles 5(1) and 9(1) of Council Regulation (EC) No 1466/97 (13) and Article 3(4) of Council Regulation (EC) No 1467/97 (14). In addition, without prejudice to the prerogatives of the Council in the implementation of the SGP, the Commission will consider to what extent the same treatment as for the EFSI in the context of the Commission communication on flexibility can be applied to the InvestEU Programme as the successor instrument to the EFSI with regard to one-off contributions provided by Member States in cash to finance an additional amount of the EU guarantee for the purposes of the Member State compartment’. Since then, the economic governance framework has changed. In light of this, Member State contributions should still be considered as one-off measures.

    (11) Since the objectives of this Regulation, namely to address Union-wide and Member State specific market failures and the investment gap within the Union, to accelerate the Union’s green and digital transition, enhance its competitiveness and strengthen its industrial base cannot be sufficiently achieved by the Member States, but can be better achieved at Union level, the Union may adopt measures in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary to achieve those objectives.

    (11a) In order to support the European Parliament in exercising its institutional role in overseeing Union funds and ensuring alignment with agreed policy objectives, the independent final evaluation report on the InvestEU Programme referred to in Article 29(3) of Regulation (EU) 2021/523 should assess the effectiveness and impact of the derogations introduced by this amending Regulation, in particular their role in facilitating access to finance for target groups such as SMEs. It should also consider the overall functioning of the InvestEU Programme in the light of the principles of transparency, accountability and performance monitoring, including an examination of the relevance of financial thresholds applicable to SMEs in the light of economic developments.

    (11b) With a view to reducing administrative complexity and legal uncertainty, the independent final evaluation report on the InvestEU Programme referred to in Article 29(3) of Regulation (EU) 2021/523 should also take into account any regulatory adjustments arising from the projected legislative proposal on a small mid-cap enterprise category. Due attention should be given to the effectiveness of measures aimed at facilitating enterprise development,

     

    HAVE ADOPTED THIS REGULATION:

    Article 1

    Amendments to Regulation (EU) 2021/523 [InvestEU Regulation]

    Regulation (EU) 2021/523 is amended as follows:

    (1) In Article 1, the first paragraph is replaced by the following:

    ‘This Regulation establishes the InvestEU Fund, which shall provide for an EU guarantee and an InvestEU financial instrument to support financing and investment operations carried out by the implementing partners that contribute to objectives of the Union’s internal policies.’;

    (2) Article 2 is amended as follows:

    (a) points (3), (4) and (5) are replaced by the following:

    ‘(3) ‘policy window’ means a targeted area for support by the EU guarantee or the InvestEU financial instrument as laid down in Article 8(1);’

    (4) ‘compartment’ means a part of the support provided under the InvestEU Fund defined in terms of the origin of the resources backing it;’

    (5) ‘blending operation’ means, under the EU compartment, an operation supported by the Union budget that combines non-repayable forms of support, repayable forms of support, or both, from the Union budget with repayable forms of support from development or other public finance institutions, or from commercial finance institutions and investors; for the purposes of this definition, Union programmes financed from sources other than the Union budget, such as the EU ETS Innovation Fund, may be assimilated to Union programmes financed by the Union budget;’;

    (b) point (8) is replaced by the following:

    ‘(8) ‘contribution agreement’ means a legal instrument whereby the Commission and one or more Member States specify the conditions for the implementation of the contribution under the Member State compartment, as laid down in Articles 10 and 10a, respectively;’;

    (c) points (10) and (11) are replaced by the following:

    ‘(10) ‘financing and investment operations’ or ‘financing or investment operations’ means operations to provide finance directly or indirectly to final recipients through financial products:

    (a) in the context of the EU guarantee, carried out by an implementing partner in its own name, provided by the implementing partner in accordance with its internal rules, policies and procedures and accounted for in the implementing partner’s financial statements or, where applicable, disclosed in the notes to those financial statements;

    (b) in the context of the InvestEU financial instrument, carried out by the implementing partner in its own name or in its own name but on behalf of the Commission, as applicable;

    (11) ‘funds under shared management’ means funds that provide for the possibility of allocating a portion of those funds to the provisioning for a budgetary guarantee or to a financial instrument under the Member State compartment of the InvestEU Fund, namely the European Regional Development Fund (ERDF) and the Cohesion Fund established by Regulation (EU) 2021/1058 of the European Parliament and of the Council[4], the European Social Fund Plus (ESF+) established by Regulation (EU) 2021/1057 of the European Parliament and of the Council[5] (the ‘ESF+ Regulation for 2021-2027’), the European Maritime, Fisheries and Aquaculture Fund (EMFAF) established by Regulation (EU) 2021/1139 of the European Parliament and of the Council[6] and the European Agriculture Fund for Rural Development (EAFRD) established by Regulation (EU) 2021/2115 of the European Parliament and of the Council[7] (the ‘CAP Strategic Plans Regulation’);’;

    (d)  point 12 is replaced by the following:

    ‘(12) ‘guarantee agreement’ means a legal instrument whereby the Commission and an implementing partner specify the conditions for proposing financing and investment operations in order for them to be granted the benefit of the EU guarantee and/or of the InvestEU financial instrument, for providing the EU guarantee or support through the InvestEU financial instrument for those operations and for implementing them in accordance with this Regulation;’;

    (e) point 21 is replaced by the following:

    ‘(21) ‘small and medium-sized enterprise’ (‘SME’) means (a) in case of financial products not conferring advantage in State aid terms, an enterprise which, according to its last annual or consolidated accounts, employs an average number of employees during the financial year of less than 250 and which has an annual turnover not exceeding EUR 50 million and where information relating to the autonomy of its ownership structure for the purpose of calculating those thresholds may be made by way of a solemn declaration by the enterprise, or (b) in case of other types of financial products, a micro, small or medium-sized enterprise within the meaning of the Annex to Commission Recommendation 2003/361/EC[8] or as otherwise defined in the guarantee agreement;’;

    (f) the following point 24 is added:

    ‘(24) ‘InvestEU financial instrument’ means a measure defined in Article 2, point (30), of the Financial Regulation to be implemented under the Member State compartment of the InvestEU Fund.’;

    (3) Article 4 is amended as follows:

    (a) paragraph 1 is amended as follows:

    (i) in the first subparagraph, the first sentence is replaced by the following:

    ‘The EU guarantee for the purposes of the EU compartment referred to in point (a) of Article 9(1) shall be EUR 30 652 310 073 in current prices.’;

    (ii) the second subparagraph is replaced by the following:

    ‘An additional amount of the EU guarantee may be provided for the purposes of the Member State compartment referred to in point (b) of Article 9(1) of this Regulation, subject to the allocation by Member States, pursuant to Article 14 of Regulation (EU) 2021/1060 of the European Parliament and of the Council[9] (the ‘Common Provisions Regulation for 2021-2027’) and Article 81 of the CAP Strategic Plans Regulation, of the corresponding amounts.’;

    (b) in paragraph 2, the second subparagraph is replaced by the following:

    ‘An amount of EUR 15 827 310 073 in current prices of the amount referred to in the first subparagraph of paragraph 1 of this Article shall be allocated for the objectives referred to in Article 3(2).’;

    (ba) paragraph 3 is replaced by the following:

    ‘3.  The financial envelope for the implementation of the measures provided for in Chapters VI and VII shall be EUR 630 000 000 in current prices.’

    (4) in Article 6(1), the first sentence is replaced by the following:

    ‘The EU guarantee and the InvestEU financial instrument shall be implemented in indirect management with the bodies referred to in points (c)(ii), (c)(iii), (c)(v) and (c)(vi) of Article 62(1) of the Financial Regulation.’;

    (5) Article 7 is amended as follows:

    (a) The title is replaced by the following:

    ‘Combinations’

    (b) paragraph 1 is replaced by the following:

    ‘Support from the EU guarantee under this Regulation, Union support provided through the financial instruments established by the programmes in the programming period 2014-2020 and Union support from the EU guarantee established by Regulation (EU) 2015/1017 may be combined to support financial products or portfolios implemented or to be implemented by the EIB or the EIF under this Regulation.’;

    (c) paragraph 4 is replaced by the following:

    ‘Support from the EU guarantee under this Regulation, Union support provided through the guarantee under the financial instruments established by the programmes in the programming period 2014-2020 and released from the operations approved under these instruments and Union support provided through the EU guarantee established by Regulation (EU) 2015/1017 and released from operations approved under that EU guarantee may be combined to support financial products or portfolios containing exclusively financing and investment operations eligible under this Regulation, implemented or to be implemented by the EIB or the EIF under this Regulation.’;

    (d) the following paragraphs 5, 6 and 7 are added:

    ‘5. By derogation from Article 212(3), second subparagraph of the Financial Regulation, the released guarantee under the financial instruments established by the programmes in the programming period 2014-2020 may be used for covering financing and investment operations eligible under this Regulation for the purpose of the combination referred to in paragraph 4.

    6. By derogation from Article 216(4), point (a) of the Financial Regulation, the provisioning corresponding to the released guarantee under the Union support from the EU guarantee established by Regulation (EU) 2015/1017  may not be taken into account for the purpose of operations  referred to in Article 216(4) of the Financial Regulation and may be used for covering financing and investment operations eligible under this Regulation for the purpose of the combination referred to in paragraph 4.

    7. The release of the guarantee under the financial instruments established by the programmes in the programming period 2014-2020, the transfer of corresponding assets from fiduciary accounts to Common Provisioning Fund and the release of the guarantee under the Union support from the EU guarantee established by Regulation (EU) 2015/1017 referred to in paragraph 4 shall take place by an amendment of the relevant agreements signed between the Commission and the EIB or the EIF. 

    The conditions of the use of the released guarantees referred to in the first subparagraph, to cover financing and investment operations eligible under this Regulation, and where relevant, the transfer of corresponding assets from fiduciary accounts to the Common Provisioning Fund, shall be set out in the guarantee agreement referred to in Article 17.

    The terms and conditions of the financial products referred to in paragraphs 1 and 4 of this Article and of the portfolios concerned, including the respective pro rata shares of losses, revenues, repayments and recoveries or the respective non pro rata shares in accordance with the second subparagraph of paragraph 3, shall be set out in the guarantee agreement referred to in Article 17.’;

    (6) In Article 8(8), the second subparagraph is replaced by the following:

    ‘The Commission, together with implementing partners, shall seek to ensure that the part of the EU guarantee under the EU compartment used for the sustainable infrastructure policy window is distributed with the aim of achieving a balance between the different areas referred to in point (a) of paragraph 1.’;

    (7) In Article 9(1), point (b) is replaced by the following:

    ‘(b) the Member State compartment shall address specific market failures or suboptimal investment situations in one or several regions or Member States to deliver the policy objectives of the contributing funds under shared management or of the additional amount provided by a Member State under  Article 4(1), third subparagraph, or under Article 10a(1), second subparagraph, in particular to strengthen economic, social and territorial cohesion in the Union by addressing imbalances between its regions.’;

    (8) Article 10 is amended as follows:

    (a) the title is replaced by the following:

    ‘Specific provisions applicable to the EU Guarantee implemented under the Member State compartment’;

    (b) in paragraph 2, the fourth subparagraph is replaced by the following:

    ‘The Member State and the Commission shall conclude a contribution agreement or an amendment to it following the Commission Decision approving the Partnership Agreement pursuant to the Common Provisions Regulation for 2021-2027 or the CAP Strategic Plan under the CAP Strategic Plans Regulation or simultaneously to the Commission Decision amending a programme in accordance with the  Common Provisions Regulation for 2021-2027 or a CAP Strategic Plan in accordance with the provisions on the amendment to the CAP Strategic Plan laid down in the CAP Strategic Plans Regulation.’;

    (c) in paragraph 3, point (b) is replaced by the following:

    ‘(b) the Member State strategy, consisting of the type of financing, the target leverage, the geographical coverage, including regional coverage if necessary, types of projects, the investment period and, where applicable, the categories of final recipients and of eligible intermediaries;’;

    (9) The following Article 10a is inserted:

    ‘Article 10a

    Specific provisions applicable to the InvestEU financial instrument implemented under the Member State compartment

    1. A Member State may contribute amounts from the funds under shared management to the Member State compartment of the InvestEU Fund in view of deploying them through the InvestEU financial instrument.

    Member States may also provide additional amounts for the purposes of the InvestEU financial instrument. Such amounts shall constitute an external assigned revenue in accordance with Article 21(5), second sentence of the Financial Regulation.

    Amounts allocated by a Member State on a voluntary basis pursuant to the first and second subparagraph shall be used for supporting financing and investment operations in the Member State concerned. Those amounts shall be used to contribute to the achievement of the policy objectives specified in the Partnership Agreement referred to in Article 11(1)(a) of the Common Provisions Regulation for 2021-2027, in the programmes or in the CAP Strategic Plan which contribute to the InvestEU Programme, in order to implement relevant measures set out in the recovery and resilience plans in accordance with Regulation (EU) 2021/241 or, in other cases, for the purposes laid down in the contribution agreement, depending on the origin of the amount contributed.

    2.  Contribution to the InvestEU financial instrument shall be subject to the conclusion of a contribution agreement between a Member State and the Commission, which for the contributions from funds under shared management shall be done in accordance with Article 10(2), fourth subparagraph.

    Two or more Member States may conclude a joint contribution agreement with the Commission.

    3. The contribution agreement shall at least contain the amount of the contribution by the Member State and the currency of the financing and investment operations, provisions on the Union remuneration for the InvestEU financial instrument, the elements set out in points (b) to (e) and (g) of Article 10(3) and the treatment of resources generated by or attributable to the amounts contributed to the InvestEU financial instrument.

    4. The contribution agreements shall be implemented through guarantee agreements concluded in accordance with Article 10(4), first subparagraph.

    Where no guarantee agreement has been concluded within 12 months from the conclusion of the contribution agreement, the contribution agreement shall be terminated or prolonged by mutual agreement. Where the amount of a contribution agreement has not been fully committed under one or more guarantee agreements within 12 months from the conclusion of the contribution agreement, that amount shall be amended accordingly. The unused amount of a contribution from funds under shared management delivered through the InvestEU Programme shall be re-used in accordance with the respective Regulations. The unused amount of a contribution by a Member State under paragraph 1, second subparagraph, of this Article shall be paid back to the Member State.

    Where a guarantee agreement has not been duly implemented within the period specified in Article 14(6) of the Common Provisions Regulation for 2021-2027 or Article 81(6) of the CAP Strategic Plans Regulation, or, in the case of a guarantee agreement related to amounts provided in accordance with paragraph 1, second subparagraph, of this Article, in the relevant contribution agreement, the contribution agreement shall be amended. The unused amounts allocated by Member States pursuant to the provisions on the use of the funds under shared management delivered through the InvestEU Programme shall be re-used in accordance with the respective Regulations. The unused amount of an InvestEU financial instrument attributable to the contribution by a Member State under paragraph 1, second subparagraph, of this Article shall be paid back to the Member State.

    Resources generated by or attributable to the amounts contributed to the InvestEU financial instrument pursuant to the provisions on the use of the funds under shared management delivered through the InvestEU Programme shall be re-used in accordance with the respective Regulations. The resources generated by or attributable to the amounts contributed to the InvestEU financial instrument under paragraph 1, second subparagraph, of this Article shall be paid back to the Member State.

    5. Contracts implementing the InvestEU financial instrument between the implementing partner and the final recipient or the financial intermediary or other entity referred to in Article 16(1), point (a), shall be signed by 31 December 2028.’;

    (9a) In Article 11(1), point (d)(i) is replaced by the following:

    ‘(i) be allocated an amount of up to EUR 450 000 000 from the financial envelope referred to in Article 4(3) for the advisory initiatives referred to in Article 25 and the operational tasks referred to in point (ii) of this point;’;

    (10) the title of Chapter IV is replaced by the following:

    ‘EU guarantee and InvestEU financial instrument’;

    (11) in Article 13(4), the first two sentences are replaced by the following:

    ‘75 % of the EU guarantee under the EU compartment as referred to in the first subparagraph of Article 4(1), amounting to EUR 22 989 232 555, shall be granted to the EIB Group. The EIB Group shall provide an aggregate financial contribution amounting to EUR 5 747 308 139.’;

    (12) Article 16 is amended as follows:

    (a) in paragraph 1, the second subparagraph is replaced by the following:

    ‘The InvestEU financial instrument may be used to provide funding to the implementing partners for the types of financing referred to in point (a) of the first subparagraph provided by the implementing partners.

    In order to be covered by the EU guarantee or the InvestEU financial instrument, the financing referred to in the first and second subparagraph shall be granted, acquired or issued for the benefit of financing and investment operations referred to in Article 14(1), where the financing by the implementing partner was granted in accordance with a financing agreement or transaction signed or entered into by the implementing partner after the signature of the guarantee agreement and that has not expired or been cancelled.’;

    (b) paragraph 2 is replaced by the following:

    ‘Financing and investment operations through funds or other intermediate structures shall be supported by the EU guarantee or the InvestEU financial instrument in accordance with the provisions laid down in the investment guidelines, as applicable, even if such structures invest a minority of their invested amounts outside the Union and in third countries referred to Article 14(2) or invest a minority of their invested amounts into assets other than those eligible under this Regulation.’;

    (13) Article 17 is amended as follows:

    (a) in paragraph 1, the first subparagraph is replaced by the following:

    ‘The Commission shall conclude a guarantee agreement with each implementing partner on the granting of the EU guarantee up to an amount to be determined by the Commission or on providing support under the InvestEU financial instrument.’;

    (b) paragraph 2 is amended as follows:

    (i) point (c) is replaced by the following:

    ‘(c)  detailed rules on the provision of the EU guarantee or support under the InvestEU financial instrument in accordance with Article 19, including on the coverage of financing and investment operations or portfolios of specific types of instruments and the respective events that trigger possible calls on the EU guarantee or the use of the InvestEU financial instrument;’;

    (ii) point (f) is replaced by the following:

    ‘(f) the commitment of the implementing partner to accept the decisions by the Commission and the Investment Committee as regards the use of the EU guarantee or of the InvestEU financial instrument for the benefit of a proposed financing or investment operation, without prejudice to the decision-making of the implementing partner in respect of the proposed financing or investment operation without the EU guarantee or the InvestEU financial instrument;’;

    (iii) points (h) and (i) are replaced by the following:

    ‘(h)  financial and operational reporting and monitoring of the financing and investment operations under the EU guarantee and the InvestEU financial instrument;

    (i) key performance indicators, in particular as regards the use of the EU guarantee and the InvestEU financial instrument, the fulfilment of the objectives and criteria laid down in Articles 3, 8 and 14, and the mobilisation of private capital;’;

    (ba) the following paragraph is added:

    ‘5a. The Commission shall, upon request, provide to the European Parliament and the Council the names of the implementing partners party to the guarantee agreements and the main content of those agreements, having due regard to the legitimate interest of undertakings in the protection of their business secrets.’;

    (14) Article 18 is amended as follows:

    (a) the title is replaced by the following:

    ‘Requirements for the use of the EU guarantee and the InvestEU financial instrument’;

    (b) paragraph 1 is replaced by the following:

    ‘1.  The granting of the EU guarantee and the support from the InvestEU financial instrument shall be subject to the entry into force of the guarantee agreement with the relevant implementing partner.’;

    (c) paragraph 2 is replaced by the following:

    ‘Financing and investment operations shall be covered by the EU guarantee or be supported through the InvestEU financial instrument only where they fulfil the criteria laid down in this Regulation and, if applicable, in the relevant investment guidelines, and where the Investment Committee has concluded that those operations fulfil the requirements for benefiting from the EU guarantee or the InvestEU financial instrument. The implementing partners shall remain responsible for ensuring that the financing and investment operations comply with this Regulation and the relevant investment guidelines.’;

    (d) paragraph 3 is amended as follows:

    (i) the first sentence is replaced by the following:

    ‘No administrative costs or fees related to the implementation of financing and investment operations under the EU guarantee or the InvestEU financial instrument shall be due to the implementing partner by the Commission unless the nature of the policy objectives targeted by the financial product to be implemented and the affordability for the targeted final recipients or the type of financing provided allow the implementing partner to duly justify to the Commission the need for an exception.’

    (ii) the following second subparagraph is added:

    ‘Notwithstanding the first subparagraph, implementing partners are entitled to appropriate fees in relation to the management of fiduciary accounts relating to the InvestEU financial instrument.’

    (e) paragraph 4 is replaced by the following:

    ‘In addition, the implementing partner may use the EU guarantee or the InvestEU financial instrument to meet the relevant share of any recovery costs in accordance with Article 17(4), unless those costs have been deducted from recovery proceeds.’;

    (15) Article 19 is amended as follows:

    (a) the title is replaced by the following:

    ‘Coverage and terms of the EU guarantee and of the InvestEU financial instrument’;

    (b) paragraph 1 is amended as follows:

    (i) the second sentence of the first subparagraph is replaced by the following:

    ‘The remuneration for the EU guarantee or for the InvestEU financial instrument may be reduced in the duly justified cases referred to in Article 13(2).’;

    (ii) the second subparagraph is replaced by the following:

    ‘The implementing partner shall have appropriate exposure at its own risk to financing and investment operations supported by the EU guarantee or by the InvestEU financial instrument, unless exceptionally the policy objectives targeted by the financial product to be implemented are of such nature that the implementing partner could not reasonably contribute its own risk-bearing capacity to it.’;

    (c) in paragraph 2, first subparagraph, point (a), the introductory sentence is replaced by the following:

    ‘for debt products referred to in point (a) of the first subparagraph of Article 16(1):’;

    (d) the following paragraph 2a is inserted:

    ‘2a.  The InvestEU financial instrument shall cover:

    (a)  for debt products consisting of guarantees and counter-guarantees referred to in point (a) of the first subparagraph of Article 16(1):

    (i) the principal and all interest and amounts due to the implementing partner but not received by it in accordance with the terms of the financing operations prior to the event of default;

    (ii) restructuring losses;

    (iii) losses arising from fluctuations of currencies other than the euro in markets where possibilities for long-term hedging are limited;

    (b)  for other eligible types of financing referred to in point (a) of the first subparagraph of Article 16(1): the amounts invested or lent by the implementing partner;

    For the purposes of point (a)(i) of the first subparagraph, for subordinated debt a deferral, reduction or required exit shall be considered to be an event of default.

    The Invest EU financial instrument shall cover the entire exposure of the Union with respect to the relevant financing and investment operations.’;

    (16) in Article 22, paragraph 1 is replaced by the following:

    ‘A scoreboard of indicators (the ‘Scoreboard’) shall be established to ensure that the Investment Committee is able to carry out an independent, transparent and harmonised assessment of requests for the use of the EU guarantee or, as applicable, the InvestEU financial instrument for financing and investment operations proposed by implementing partners.’;

    (17) in Article 23, paragraph 2 is replaced by the following:

    ‘EIB financing and investment operations that fall within the scope of this Regulation shall not be covered by the EU guarantee or benefit from the InvestEU financial instrument where the Commission delivers an unfavourable opinion within the framework of the procedure provided for in Article 19 of the EIB Statute.’;

    (18) Article 24 is amended as follows:

    (a) in paragraph 1, first subparagraph is amended as follows:

    (i) point (a) is replaced by the following:

    ‘(a)  examine the proposals for financing and investment operations submitted by implementing partners for coverage under the EU guarantee or for support from the InvestEU financial instrument that have passed the policy check referred to in Article 23(1) of this Regulation or that have received a favourable opinion within the framework of the procedure provided for in Article 19 of the EIB Statute;’;

    (ii) point (c) is replaced by the following:

    ‘(c)  check whether the financing and investment operations that would benefit from the support under the EU guarantee or the InvestEU financial instrument comply with all relevant requirements.’;

    (b) in paragraph 4, second subparagraph, the last sentence is replaced by the following:

    ‘Any project assessment conducted by an implementing partner shall not be binding on the Investment Committee for the purposes of granting a financing or investment operation coverage by the EU guarantee or support from the InvestEU financial instrument.’;

    (c) paragraph 5 is amended as follows:

    (i) in the second subparagraph, the first sentence is replaced by the following:

    ‘Conclusions of the Investment Committee approving the coverage of the EU guarantee or support from the InvestEU financial instrument for a financing or investment operation shall be publicly accessible and shall include the rationale for the approval and information on the operation, in particular its description, the identity of the promoters or financial intermediaries, and the objectives of the operation.’;

    (ii) in the fifth subparagraph, the second sentence is replaced by the following:

    ‘That submission shall include any decisions rejecting the use of the EU guarantee or support from the InvestEU financial instrument.’;

    (d) in paragraph 6, the first sentence is replaced by the following:

    ‘Where the Investment Committee is requested to approve the use of the EU guarantee or support from the InvestEU financial instrument for a financing or investment operation that is a facility, programme or structure which has underlying sub-projects, that approval shall comprise those underlying sub-projects unless the Investment Committee decides to retain the right to approve them separately.’;

    (19) in Article 25(2), point (c) is replaced by the following:

    ‘(c)  where appropriate, assist project promoters in developing their projects so that they fulfil the objectives set out in Articles 3 and 8 and the eligibility criteria set out in Article 14, and facilitate the development of among others important projects of common European interest and aggregators for small-sized projects, including through investment platforms as referred to in point (f) of this paragraph, provided that such assistance does not prejudge the conclusions of the Investment Committee with respect to the coverage of the EU guarantee or the InvestEU financial instrument with respect to such projects;’;

    (20) Article 28 is amended as follows:

    (a) in paragraph 2, the following second subparagraph is added:

    ‘Implementing partners shall be exempt from reporting on key performance and monitoring indicators laid down in Annex III, except those in points 1, 2, 3.1, 3.2, 4.1, 5.2, 6.3 and 7.2, as far as financing or investments operations benefiting final recipients receiving financing or investment supported by the EU guarantee or by the InvestEU financial instrument from an implementing partner or a financial intermediary not exceeding EUR 300 000 are concerned.’;

    (b) paragraphs 3 and 4 are replaced by the following:

    ‘3. The Commission shall report on the implementation of the InvestEU Programme in accordance with Articles 241 and 250 of the Financial Regulation. In accordance with Article 41(5) of the Financial Regulation, the annual report shall provide information on the level of implementation of the Programme with respect to its objectives and performance indicators. For that purpose, each implementing partner shall provide on an annual basis the information necessary to allow the Commission to comply with its reporting obligations, including information on the operation of the EU guarantee or the InvestEU financial instrument.’

    4. Once a year, each implementing partner shall submit a report to the Commission on the financing and investment operations covered by this Regulation, broken down by EU compartment and Member State compartment, as appropriate. Each implementing partner shall also submit information on the Member State compartment to the Member State whose compartment it implements. The report shall include an assessment of compliance with the requirements on the use of the EU guarantee and the Invest EU financial instrument and with the key performance indicators laid down in Annex III to this Regulation. The report shall also include operational, statistical, financial and accounting data on each financing or investment operation and an estimation of expected cash flows, at the level of compartment, policy window and the InvestEU Fund. The report may also include information on barriers to investment encountered when carrying out financing and investment operations covered by this Regulation. The reports shall contain the information the implementing partners have to provide under point (a) of Article 158(1) of the Financial Regulation.’;

    (21) Article 35 is amended as follows:

    (a) the title is replaced by the following:

    ‘Transitional and other provisions’;

    (b) paragraphs 1 and 2 are replaced by the following:

    ‘1. By way of derogation from Article 212(3), first and fourth subparagraph, of the Financial Regulation, any revenues, repayments and recoveries from financial instruments established by programmes referred to in Annex IV to this Regulation may be used for the provisioning of the EU guarantee or the implementation of the measures provided for in Chapters VI and VII under this Regulation, taking into account the relevant provisions concerning the budget laid down in the Public Sector Loan Facility Regulation for 2021-2027.

    2. By way of derogation from Article 216(4), point (a), of the Financial Regulation, any surplus of provisions for the EU guarantee established by Regulation (EU) 2015/1017 may be used for the provisioning of the EU guarantee or the implementation of the measures provided for in Chapters VI and VII under this Regulation, taking into account the relevant provisions concerning the budget laid down in the Public Sector Loan Facility Regulation for 2021-2027.

    ▌ By way of derogation from Article 214(4)(d) of the Financial Regulation, any revenues from the EU guarantee established by Regulation (EU) 2015/1017 received in 2027 may be used for the provisioning of the EU guarantee or the implementation of the measures provided for in Chapters VI and VII under this Regulation.’;

    (22) Annex I is replaced by the following:

    ‘ANNEX I

    AMOUNTS OF EU GUARANTEE PER SPECIFIC OBJECTIVE

    The indicative distribution referred to in the fourth subparagraph of Article 4(2) towards financial and investment operations shall be as follows:

    (a) up to EUR 11 589 045 902 for objectives referred to in point (a) of Article 3(2);

    (b) up to EUR 7 707 119 112 for objectives referred to in point (b) of Article 3(2);

    (c) up to EUR 8 095 166 498 for objectives referred to in point (c) of Article 3(2);

    (d) up to EUR 3 260 978 561 for objectives referred to in point (d) of Article 3(2).’;

    (23) In Annex III, the following two paragraphs are added in point 1 below point 1.4:

    ‘By way of derogation from Article 2(40) of the Financial Regulation, when determining the leverage and multiplier effect for financing and investment operations providing performance guarantees, the amount of risk coverage shall be assimilated to the amount of reimbursable financing.

    By way of derogation from Article 222(3) of the Financial Regulation, the financing and investment operations providing performance guarantees shall not be required to achieve multiplier effect.’;

    (24) In Annex V, the following paragraph is added:

    ‘This Annex also applies to the InvestEU financial instrument.’

    Article 2

    Amendments to Regulation 2015/1017 [EFSI Regulation]

    Regulation (EU) 2015/1017 is amended as follows:

    (1) Article 11a is amended as follows:

    (a) the title is replaced by the following:

    ‘Combinations’.

    (b) the following second subparagraph is inserted:

    ‘The EU guarantee may be granted to cover financing and investment operations eligible under Regulation (EU) 2021/523 of the European Parliament and of the Council for the purposes of combinations referred to in Article 7(4) of that Regulation and it may cover losses in relation to financing and investment operations covered by the combined support.’;

    (2) Article 16 is amended as follows:

    (a) paragraph 1 is replaced by the following:

    ‘1. The EIB, in cooperation with the EIF where appropriate, shall submit once a year a report to the Commission on EIB financing and investment operations covered by this Regulation. The report shall include an assessment of compliance with the requirements on the use of the EU guarantee and with the key performance indicators referred to in Article 4(2), point (f)(iv). The report shall also include statistical, financial and accounting data on each EIB financing and investment operation and on an aggregated basis.’;

    (b) paragraph 2 is deleted;

    (c) in paragraph 3, the following subparagraph is added:

    ‘In relation to the combinations referred to in Article 11a, the EIB and the EIF, respectively, shall provide the Commission annually with the financial statements in accordance with Article 212(4) of the Financial Regulation. Such financial statements shall include accounting data about the support provided by the EU guarantee under this Regulation clearly delineated from the support provided by the EU guarantee under Regulation (EU) 2021/523 of the European Parliament and of the Council.’;

    (3) in Article 22(1), the fifth subparagraph is deleted.

    Article 3

    Amendments to Regulation (EU) 2021/1153 [CEF]

    In Article 29 of Regulation (EU) 2021/1153, the following paragraph is added:

    ‘5. The guarantee supported by the Union budget and provided by the EIB through the CEF Debt Instrument established under Regulation (EU) 1316/2013 may be granted to cover financing and investment operations eligible under Regulation (EU) 2021/523 of the European Parliament and of the Council(*) for the purpose of combination  referred to in Article 7 of that Regulation and may cover losses in relation to the  financing and investment operations covered by the combined support.’;

     

    (*) Regulation (EU) 2021/523 of the European Parliament and of the Council of 24 March 2021 establishing the InvestEU Programme and amending Regulation (EU) 2015/1017 (OJ L 107, 26.3.2021, p. 30, ELI: http://data.europa.eu/eli/reg/2021/523/oj)’.

    Article 4

    Amendments to Regulation (EU) 2021/695 [Horizon Europe]

    In Article 57 of Regulation (EU) 2021/695, the following paragraph is added:

    ‘3. The  guarantee supported by the Union budget and provided by the EIB  through the InnovFin Debt Facility established under Regulations (EU) 1290/2013 and 1291/2013 may be granted to cover financing and investment operations eligible under Regulation (EU) 2021/523 of the European Parliament and of the Council(*) for the purpose of combination  referred to in Article 7 and may cover losses of the financial product containing the  financing and investment operations and covered by the combined support.’:

     

    (*) Regulation (EU) 2021/523 of the European Parliament and of the Council of 24 March 2021 establishing the InvestEU Programme and amending Regulation (EU) 2015/1017 (OJ L 107, 26.3.2021, p. 30, ELI: http://data.europa.eu/eli/reg/2021/523/oj)’.

    Article 5

    Entry into force

    This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.

    This Regulation shall be binding in its entirety and directly applicable in all Member States.

    Done at Brussels,

    For the European Parliament For the Council

    The President The President

    MIL OSI Europe News –

    July 3, 2025
  • MIL-OSI Europe: Answer to a written question – The future of ArcelorMittal and the steel industry in the EU – E-000737/2025(ASW)

    Source: European Parliament

    The Steel and Metals Action Plan[1] aims to maintain and expand European industrial capacities in the steel and metals sectors . In particular, the Commission announced the adjustment of the existing steel safeguard that entered into force on 1 April 2025 and committed to propose no later than third quarter 2025[2] a trade measure replacing the steel safeguards, providing a highly effective level of protection against negative trade-related effects caused by global overcapacities.

    European electricity market design reform strengthens the role of power purchase agreements and contracts for difference to stabilise electricity prices.

    The action plan for Affordable Energy[3] sets out measures to encourage lower electricity taxation levels and more efficient network charges, and to enhance energy efficiency, renewable energy deployment, accelerating permitting and reducing systems costs. These efforts will help bring down energy costs.

    The Commission adopted a first set of retaliatory measures against the unilateral imposition by the United States (US) administration of new tariffs on EU steel and aluminum imports — initially set at 25% and later increased to 50% — but decided to suspend those measures for 90 days.

    This suspension has created the necessary space for negotiations, which are now underway. S hould these negotiations not result in a mutually beneficial outcome, EU tariffs will automatically enter into force.

    In addition, the Commission has also launched a public consultation on additional US imports which could become subject to EU response and has further prepared other countermeasures possible under EU legislation.

    On 26 February 2025, the Commission adopted its proposal to simplify the Carbon Border Adjustment Mechanism[4] (CBAM) by exempting importers of under 50 tonnes of iron and steel, aluminum, fertilisers and cement.

    This would exempt about 90% of importers while still covering 99% of emissions, maintaining strong protection against carbon leakage. On 18 June 2025, agreement was reached in trilogues with co-legislators. The proposed exemption was not altered on substance.

    The Commission is also working on solutions for carbon leakage for CBAM goods exported from the EU to third countries, on expanding the CBAM’s scope to certain downstream products and introducing anti-circumvention measures.

    • [1]  https://ec.europa.eu/commission/presscorner/detail/en/ip_25_805.
    • [2]  https://ec.europa.eu/commission/presscorner/detail/fr/mex_25_872.
    • [3]  https://energy.ec.europa.eu/publications/action-plan-affordable-energy-unlocking-true-value-our-energy-union-secure-affordable-efficient-and_en.
    • [4]  https://taxation-customs.ec.europa.eu/news/cbam-new-commission-proposal-will-simplify-and-strengthen-2025-02-26_en#:~:text=As%20part%20of%20this%2C%20the,exemption%20of%2050%20tonnes%20mass.

    MIL OSI Europe News –

    July 3, 2025
  • MIL-OSI Europe: Answer to a written question – Energy Taxation Directive – E-001936/2025(ASW)

    Source: European Parliament

    The Council approved and published on 20 June 2025 an Economic and Financial Affairs Council (Ecofin) report on tax issues[1] and a progress report on the Revision of the Energy Taxation Directive (ETD)[2], which include updated information on the status of the discussions on the Commission’s proposal to revise the ETD.

    As for concrete steps, the Commission presented on 26 February 2025 the action plan for Affordable Energy together with its Clean Industrial Deal[3]. Both communications call on Member States to complete the revision of the ETD.

    To that end, the Commission is continuing to provide support to the different Council Presidencies and to engage actively with Member States, notably in the discussions at the Council, to achieve the consensus required for the adoption of the revised Directive.

    • [1] 9960/25 FISC.
    • [2] 7819/25 FISC.
    • [3] https://energy.ec.europa.eu/strategy/affordable-energy_en.
    Last updated: 2 July 2025

    MIL OSI Europe News –

    July 3, 2025
  • MIL-OSI USA: El estado de Washington demanda a la administración de Trump por compartir ilegalmente información personal de salud con ICE

    Source: Washington State News

    SEATTLE – El procurador general de Washington, Nick Brown, se unió ayer a una coalición multiestatal para presentar una demanda que impugna la decisión del U.S. Department of Health and Human Services (HHS, Departamento de Salud y Servicios Humanos de EE. UU.) de otorgar acceso sin restricciones a la información personal de salud al Department of Homeland Security (DHS, Departamento de Seguridad Nacional), que incluye al Immigration and Customs Enforcement (ICE, Servicio de Inmigración y Control de Aduanas).

    En las siete décadas transcurridas desde que el Congreso promulgó la ley de Medicaid para brindar asistencia médica a poblaciones vulnerables, la legislación, las políticas y las prácticas federales han sido claras: la información personal de salud recopilada sobre los beneficiarios del programa es confidencial y solo se compartirá en ciertas circunstancias específicas que beneficien la salud pública y la integridad del propio programa de Medicaid.

    En la demanda presentada ayer ante el U.S. District Court for the Northern District of California (Tribunal de Distrito de los Estados Unidos para el Distrito Norte de California), los procuradores generales argumentan que la transferencia masiva de estos datos viola la ley y solicitan al tribunal que bloquee cualquier nueva transferencia o uso de estos datos con fines de control migratorio. 

    “Los residentes de Washington esperan que la información confidencial que brindan al gobierno para acceder a tratamiento médico solo se utilice con fines de salud”, dijo Brown. “Su información no debería utilizarse para crear una gigantesca base de datos de información personal de estadounidenses ni para que ICE pueda deportar a inmigrantes indocumentados por tener que ir al médico”.

    “El uso que la administración de Trump hace de la información de salud privada de los residentes de Washington para su propia agenda política es indignante. Esto constituye una violación de la confianza de todos aquellos cuya información se compartió de manera indebida, pero especialmente de nuestras comunidades inmigrantes y familias con condición migratoria mixta, quienes ya están en la mira de la administración de Trump. Defenderemos la dignidad y el derecho a la privacidad de todos los residentes de Washington”, dijo el gobernador Bob Ferguson.

    Creado en 1965, Medicaid es una fuente esencial de seguro médico para personas de bajos ingresos y grupos de población desatendidos, como niños, mujeres embarazadas, personas con discapacidad y adultos mayores. El programa de Medicaid permite a cada estado participante desarrollar y administrar sus propios planes de salud. Los estados deben cumplir con los criterios mínimos establecidos por la ley federal, pero pueden adaptar los estándares de elegibilidad y las opciones de cobertura de sus planes a las necesidades de los residentes. Para enero de 2025, 78,4 millones de personas estaban inscritas en Medicaid y el Children’s Health Insurance Program (CHIP, Programa de Seguro Médico Para Niños) en todo el país.  

    El programa Medicaid de Washington funciona como parte del conjunto más amplio de programas de beneficios de salud de Apple Health. Apple Health incluye Apple Health Expansion, que brinda servicios médicos integrales a los residentes de Washington, independientemente de su condición migratoria. Hay más de 1,9 millones de clientes de Apple Health en Washington, que incluye a unos 49.000 cuya condición migratoria los excluye de algunos programas financiados con fondos federales. Apple Health cubre una gama de servicios de salud, que incluye atención hospitalaria para pacientes hospitalizados y ambulatorios, atención primaria y preventiva, servicios y apoyos a largo plazo y salud conductual. Los residentes de Washington se inscribieron en Apple Health con el conocimiento de que su información sería confidencial y no se compartiría por razones ajenas a la prestación de servicios de salud. 

    Se intercambia rutinariamente una cierta cantidad de información personal entre los estados y el gobierno federal para la administración de Medicaid. Antes de la actual administración de Trump, el DHS reconoció que la ley de Medicaid y otras autoridades federales de salud prohibían el uso de información personal de Medicaid para fines de control migratorio. Sin embargo, el gobierno federal parece haber creado, sin reconocimiento formal, una nueva política que permite la divulgación y el uso generalizados de la información personal de Medicaid de los residentes estatales para fines ajenos a la administración del programa de Medicaid. 

    El 13 de junio de 2025, los estados tomaron conocimiento a través de informes de prensa que el HHS había transferido masivamente los archivos de datos de Medicaid de su estado, que contienen registros médicos personales de millones de personas, al DHS. Los informes indican que el gobierno federal planea crear una amplia base de datos para “deportaciones masivas” y otros fines de control migratorio a gran escala.

    El gobierno federal afirma haber proporcionado estos datos al DHS “para garantizar que los beneficios de Medicaid se reserven para las personas que legalmente tienen derecho a recibirlos”. Sin embargo, desde 1986, el Congreso ha extendido la cobertura y los fondos federales para Medicaid de emergencia a todas las personas que residen en los Estados Unidos, independientemente de su condición migratoria. Los estados han cooperado, y seguirán cooperando, con las actividades de supervisión federal para garantizar que el gobierno federal pague únicamente los servicios de Medicaid legalmente autorizados.  

    En la demanda de ayer, la coalición destaca que las acciones ilegales de la administración de Trump están generando temor y confusión que llevarán a las personas no ciudadanas y a sus familiares a cancelar su inscripción o negarse a inscribirse en Medicaid de emergencia, para el cual de otra manera serían elegibles, y dejarán a los estados y a sus hospitales de la red de seguridad con la responsabilidad de pagar los servicios de atención médica de emergencia exigidos por el gobierno federal. Estas personas podrían no recibir los servicios de salud de emergencia que necesitan y, como resultado, sufrirán consecuencias negativas para su salud, o incluso la muerte. 

    La coalición solicita al tribunal que declare que las acciones de la administración de Trump son arbitrarias y caprichosas, y que la elaboración de normas no cuenta con el debido procedimiento, lo cual viola la Administrative Procedure Act (Ley de Procedimiento Administrativo), la Social Security Act (Ley del Seguro Social), la Health Insurance Portability and Accountability Act (HIPAA, Ley de Portabilidad y Responsabilidad del Seguro Médico), la Federal Information Security Modernization Act (Ley Federal de Modernización de la Seguridad de la Información) y Privacy Act (Ley de Privacidad), y que viola la Spending Clause (Cláusula de Gastos). La coalición también solicita al tribunal que prohíba al HHS transferir información personal identificable de Medicaid al DHS o a cualquier otra agencia federal y que prohíba al DHS utilizar estos datos para aplicar las leyes de inmigración.  

    Al presentar la demanda, el procurador general Brown se une a los procuradores generales de California, Arizona, Colorado, Connecticut, Delaware, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nueva Jersey, Nueva York, Oregón y Rhode Island.  

    La demanda se presentó ayer y está disponible aquí.

    -30-

    El Procurador General de Washington sirve al pueblo y al estado de Washington. Como la oficina judicial más grande de Washington, la Oficina del Procurador General brinda representación legal a todas las agencias, juntas y comisiones estatales de Washington. Además, la oficina sirve directamente a la gente al hacer cumplir las leyes de protección de los consumidores, de derechos civiles y de protección al medioambiente. La oficina también persigue el abuso de personas mayores, el fraude de Medicaid, y atiende los casos de depredadores sexuales violentos en 38 de los 39 condados de Washington. Para obtener más información, visite www.atg.wa.gov.

    Contacto para la prensa:
    press@atg.wa.gov
    Contactos generales: Haga clic aquí

    MIL OSI USA News –

    July 3, 2025
  • MIL-OSI United Kingdom: Community benefits funding delivers educational resources to Highland schools

    Source: Scotland – Highland Council

    Highland Council has provided 12 ‘Talking Tub’ resources for use in primary schools across the Highlands, in partnership with Union Technical who deliver community benefits as part of the Energy Efficient Scotland: Area Based Scheme programme.

    Chair of Highland Council’s Education Committee, Councillor John Finlayson, said: “This is a fantastic initiative being rolled out across Highland primary schools which brings innovation and inspiration to early years children. Talking Tubs are educational resources designed to be borrowed by early years providers to enhance learning around a particular topic or theme and these boxes focus on construction and green energy.

    “The goal is to help children begin developing the foundational skills and curiosity needed for future careers in energy and construction—sectors that are vital to the sustainability and growth of the Highlands. By using the Talking Tubs as a playful learning tool, educators can introduce children to a broader spectrum of jobs and skills beyond the traditional roles they may already see in their local areas. This initiative not only supports early learning and development but also strengthens community ties by highlighting local industries and the exciting possibilities they hold for the next generation.”

    Each tub is thoughtfully curated with a variety of engaging materials including wooden construction toys, Lego sets, house building bricks, engineering and construction children’s books, puzzles, hard hats and hi-vis vests, all aimed at encouraging children to explore real-world themes through imaginative play and providing awareness for future careers.  

    The Energy Efficient Scotland: Area Based Scheme (EES:ABS) programme is a Scottish Government programme and offers eligible Highland residents grant funding for energy efficiency measures including external wall insulation, cavity wall insulation, loft insulation, air source heat pump and solar panels with battery storage, which can result in significant savings on household energy bills.

    Managed locally by Highland Council, the scheme is currently delivered by Union Technical and has funded upgrades for thousands of homes across the Highlands using Government grants and other support.

    Highland Council receiving the Talking Tubs from Union Technical

    St Columbus Primary School receiving a Talking Tub

    MIL OSI United Kingdom –

    July 3, 2025
  • MIL-OSI United Kingdom: Community-Led Local Development Fund distributes over £900k to support projects in Highland

    Source: Scotland – Highland Council

    The Highland Strategic Local Action Group (LAG) met in June 2025 and considered and agreed funding for 28 projects submitted to the Community-Led Local Development fund (CLLD), which makes up part of The Highland Council Community Regeneration Fund (CRF) programme.

    CRF is an umbrella term used to cover multiple external funding programmes administered by The Highland Council.  Decisions on which projects are to receive CLLD funding are taken by the Highland Strategic Local Action Group. This decision-making group is made up of third sector representatives, public agencies, and private organisations.    

    Chair of The Highland Council’s Economy and Infrastructure Committee, Councillor Ken Gowans, said: “It is the fourth year in a row that we have been successful in securing a large allocation of CLLD funding from the Scottish Government. This funding is essential to support grass roots economic regeneration, allowing communities to grow and develop new opportunities.”

    “We welcome the continued investment by the Scottish Government in our  rural communities and are proud to support community groups and witness the significant and lasting impact these projects have across the Highlands.

    “I wish everyone working hard to turn their plans into reality all the very best.”

    The CLLD Fund continues to play a vital role in supporting grassroots initiatives that foster resilience, inclusivity, and innovation in rural communities. From Caithness down to Lochaber, the funding will empower local groups and organisations to deliver impactful projects tailored to the unique needs of their communities. These include feasibility studies, building renovations, renewable energy installations, youth services, and community transport programmes.

    This follows on from a successful 2024/25 CLLD round where over £1.4 million was allocated to 52 community groups across the Highlands. Across Highland, the overall social return on investment for the 2024/25 CLLD round was £3.46 for every £1 of funding invested. In total projects spent returned a social value of £6,065,874. 

    CLLD 2025-26 approved projects:

    The Dornoch Area Community Interest Company: The Dornoch Community Transport Project –  £36,861.00 
    Lochview Rural Training Centre: Land Based Training Equipment – £12,954.00 
    Fearn Amenities SCIO : Groundworks At Fearn Pavillion  – £14,685.00 
    Edinbane Community Company:  Edinbane Shop Technical Design –  £15,000.00 
    Linnhe Leisure:  Sound & Lighting  –  £83,331.97 
    Lochaber Hope:  New Connections  –  £11,439.52 
    Poolewe and District Swimming Pool association: Sustain the Pool  –  £21,000.00 
    Wick Community Hub:  Sensory Room Space –  £30,000.00 
    Farmer Jones Academy c.i.c : Sensory Dome and Play Equipment –  £57,000.00 
    Rosemarkie Amenities Association (RAA): Upgrading of Rosemarkie Promenade – £35,357.00 
    Dornie & District Community Trust:  Dornie Hub – £31,329.84 
    Mallaig & Morar Community Centre Association: Energy Efficiency Improvements – £2,961.99
    Arisaig Community Trust:  Playpark Project –  £22,343.32 
    Evanton Community Cinema:Equipment Purchase and Installation – £32,201.20 
    Wick Development Trust: Path Upgrade & Motorhome Waste Service – £52,329.24 
    Mallaig Pool & Leisure: Upgrade of Gym and Sauna – £100,000.00 
    Dementia Friendly Communities Ltd: Dinner To Your Door Delivery Vehicle – £27,279.00 
    Ormlie Community Association Ltd: New Meeting Room & Services –  £6,694.00 
    North Kessock Village Hall: North Kessock Village Hall Renovation –  £17,000.00 
    Isle of Eigg Heritage Trust:  New Signage and Trails  –   £9,945.00 
    Isle of Eigg Heritage Trust: Net Zero Housing – Phase 2 (NZH-2) – £76,596.00 
    Go Golspie Development Trust: New Electric Community Car – £34,369.00 
    Farr North Community Development Trust: Community Transport – Farr Goes –  £17,664.00 
    Glenelg and Arnisdale Development Trust: Glenelg Playpark – £27,077.00 
    Fox & Friends Highland: Disabled Friendly Bathroom –  £38,000.00
    Sutherland Resilience Initiative: Community Transport – £57,260.00
    Applecross Community Company:  Affordable Housing Project –  £44,600.00 
    The Place Youth Club:  Disabled Access Project  –  £50,000.00 

     

     

    MIL OSI United Kingdom –

    July 3, 2025
  • MIL-OSI Europe: Written question – Climate impact of hydrogen leakage – E-002566/2025

    Source: European Parliament

    Question for written answer  E-002566/2025
    to the Commission
    Rule 144
    Sara Matthieu (Verts/ALE)

    Given the prominent role envisaged for clean hydrogen in the EU’s decarbonisation agenda, questions around its full climate impact must be assessed urgently.

    There is strong scientific consensus that hydrogen’s global warming potential (GWP) is significantly higher than previously reported by the IPCC and referenced in current EU legislation. In addition, recent scientific research, including EU-funded projects and independent campaigns, will provide new evidence such as direct measurement and quantification of hydrogen emissions.

    Article 9(6) of the Gas Market Directive[1] mandates the Commission to submit a report evaluating hydrogen leakage and proposing maximum leakage rates, but it does not specify a publication timeline. Given the rapid pace of hydrogen infrastructure development and the investment decisions being made now, this regulatory gap poses immediate risks to achieving EU climate objectives.

    In light of this:

    • 1.Can the Commission agree that it is both feasible and critically important to submit the report on hydrogen leakage, and if so, what specific steps will the Commission take to ensure it is submitted before 2028?
    • 2.Does the Commission acknowledge the scientific consensus regarding hydrogen’s GWP and will this updated understanding inform upcoming legislative initiatives, including the upcoming delegated act on low-carbon hydrogen?

    Submitted: 25.6.2025

    • [1] Directive (EU) 2024/1788 of the European Parliament and of the Council of 13 June 2024 on common rules for the internal markets for renewable gas, natural gas and hydrogen, amending Directive (EU) 2023/1791 and repealing Directive 2009/73/EC (OJ L, 2024/1788, 15.7.2024, ELI: http://data.europa.eu/eli/dir/2024/1788/oj).
    Last updated: 2 July 2025

    MIL OSI Europe News –

    July 3, 2025
  • MIL-OSI: BTC Miner: Earn Millions Daily with Stable Returns, Even Amid XRP’s Volatility

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 02, 2025 (GLOBE NEWSWIRE) — In the ever-volatile cryptocurrency market, assets like XRP have experienced significant price fluctuations, attracting attention from investors. For those looking for stable, high-return investment opportunities in the crypto world, BTC Miner offers a groundbreaking solution with its cloud mining platform, providing investors with a way to earn daily fixed returns without worrying about market fluctuations.

    While XRP and other cryptocurrencies often experience dramatic price shifts, BTC Miner’s cloud mining contracts offer guaranteed fixed returns, allowing investors to earn stable income every day. For example, by investing in a $200 contract, users can earn $10 per day, totaling $220 in just two days. Similarly, an $1000 contract can yield $23.80 per day, totalling $1071.40 over three days.

    BTC Miner’s unique approach allows users to earn consistent, risk-free returns, making it an ideal choice for those looking to participate in the growing crypto market without the complexity and risks associated with traditional mining.

    BTC Miner Advantages: High Returns, Low Risk

    • Guaranteed Returns, Principal Protection: BTC Miner’s cloud mining contracts offer fixed returns and ensure that users’ principal investments are fully protected, providing a zero-risk investment opportunity in a volatile market.
    • AI-Powered Cloud Mining Technology: BTC Miner employs an AI-driven system that optimizes mining efficiency by adjusting to market demand, hash power, and energy consumption, ensuring the best returns for users. The process is fully automated, requiring no manual intervention from investors.
    • Green Energy Mining: BTC Miner uses green energy sources such as solar and wind power to fuel mining operations, contributing to sustainable development and minimizing environmental impact while maximizing energy efficiency.

    Why Choose BTC Miner?

    1. Stable Investment Returns: Whether XRP or any other cryptocurrency fluctuates, BTC Miner’s fixed-return contracts ensure consistent, stable daily earnings for investors.
    2. FCA Certification: BTC Miner is FCA certified by the UK’s Financial Conduct Authority, ensuring that the platform operates within legal frameworks, with secure management of user funds.
    3. Global Reach: Investors from around the world can easily access the platform and earn from cloud mining, benefiting from the same high-quality services regardless of location.
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    Attachment

    The MIL Network –

    July 3, 2025
  • MIL-OSI Africa: Open for Business: Gabon Launches Deepwater Exploration Drive

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

    The newly appointed Minister of Oil and Gas of Gabon HE Sosthène NGUEMA is shifting its focus to deepwater oil and gas exploration under efforts to bring new projects online and mitigate Central and West African production decline. With 72% of the country’s deepwater acreage unexplored and only 28% developed to date, the country has set plans in motion to revise existing petroleum laws to offer fresh incentives that encourage deepwater exploration and investment.

    As the voice of the African energy sector, the African Energy Chamber (AEC) commends the aggressive investment strategy being implemented by the Ministry of Petroleum. In recent months, we have seen an assertive Gabonese Government, through its NOC Gabon Oil, play a stronger role in the ownership, and commercialization of legacy assets with takeovers such as that of Carlyle owned Assala. Now, the shift to deepwater exploration offers new investment prospects for foreign operators. The AEC believes that ongoing regulatory reforms, a focus on deepwater investments and greater collaboration with international oil companies (IOC) will transform Gabon’s oil and gas industry, supporting greater production and the development of a new hub for refined product distribution in Central Africa. We believe that Gabon has a potential to produce close to 1 million barrels of oil per day.

    With over two billion barrels of proven oil reserves and significant gas potential, Gabon has set a goal of holding production above 220,000 barrels per day (bpd) for the short to midterm The shift to deepwater exploration stands to play an instrumental part in supporting this goal by unlocking new discoveries across the country’s offshore basins mid to long term. Regulatory reform represents a cornerstone of the country’s exploration strategy, with potential improvements to petroleum legislation set to strengthen the competitiveness of investing in Gabon’s deepwater blocks. In 2019, the country introduced its Hydrocarbons Code. The new government seeks to go even further, recognizing the presence of stiff competition from other offshore destinations globally. The code featured amendments to production sharing contracts (PSC), state profitability and tax, therefore providing a quicker path to profitability for foreign operators. Looking ahead, further revisions of this code stand to support new investment, encouraging deepwater exploration and new forays by global operators.  

    Major players are already active in Gabon, with ongoing developments underscoring the potential available across Gabon’s offshore blocks. Exploration and production company BW Energy, for example, signed PSCs for exploration blocks Niosi Marin and Guduma Marin in 2024, covering an eight-year exploration period with a two-year extension option. BW Energy and its partner on the block VAALCO Energy have committed to drilling one well as well as carrying out a 3D seismic acquisition campaign. BW Energy also has stakes in the Dussafu license, which features 14 producing wells tied back to a FPSO through a 20km pipeline. Partners on the license include the state-owned Gabon Oil Company (GOC) and Panoro Energy. Independent oil and gas company Perenco spud the Hylia South West discovery in Gabon in early 2024, revealing substantial oil-bearing columns in the Ntchengue Ocean reservoir. Chinese oil firm CNOOC launched wildcat drilling on Blocks BC-9 and BCD-10 in early-2023 on the back of 1.4 billion barrels of recoverable resource potential, with future discoveries set to double Gabonese oil production while de-risking deepwater exploration. Despite these developments, much of Gabon’s deepwater potential remains underexplored, highlighting a strategic opportunity for both active and potential players.

    Increased hydrocarbon production in tandem with future deepwater discoveries are expected to support Gabon’s broader goals of creating a regional petroleum hub in Gabon. Strategically positioned on the West coast of Central Africa, Gabon is making strides towards enhancing oil and gas refining, storage and distribution capacity. Major infrastructure projects signal the country’s intention to become a petroleum hub. Notably, Perenco is advancing the development of the Cap Lopez LNG terminal in Gabon, targeting first production by 2026. Situated at the existing Cap Lopez oil terminal, the $2 billion project will introduce a FLNG vessel designed to monetize offshore gas reserves and reduce flaring. The FLNG vessel will feature a production capacity of 700,000 tons of LNG and 25,000 tons of LPG, supported by a storage capacity of 137,000 cubic meters. The project complements the Batanga LPG facility, which came online in December 2023 with a target production capacity of 15,000 tons of LPG annually. Beyond LNG and LPG, Gabon is working towards enhancing refining capacity with plans to expand its sole operating refinery – SOGARA – from 1.2 million tons to 1.5 million tons of crude. This expansion would enable the country to achieve self-sufficiency in refined petroleum products by 2030.

    The minister and his team have also prioritized the increase of storage capacity for refined products in the country from currently 60 days to 90 days of consumption in an effort to strengthen energy security and make shortages an element of the past.

    “Deepwater exploration and production stands to transform Gabon’s economy, with potential discoveries supporting the development of a new petroleum hub in Central Africa. Through its aggressive investment campaign, commitment to regulatory reform and engagement with IOCs, the Ministry of Petroleum is strengthening the competitiveness of doing business in Gabon,” states Verner Ayukegba, Senior Vice President at the AEC.

    – on behalf of African Energy Chamber.

    Media files

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    MIL OSI Africa –

    July 3, 2025
  • Shivraj Singh Chouhan to visit J&K for key meetings, convocation and rural engagements

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Agriculture, Farmers’ Welfare, and Rural Development, Shivraj Singh Chouhan, will visit Jammu and Kashmir on July 3 and 4. The visit is aimed at reinforcing the Centre’s initiatives in agriculture, natural farming, and rural development in the Union Territory. It will also focus on enhancing academic partnerships and engaging directly with farming communities and rural stakeholders

    On July 3, Chouhan will hold a high-level review meeting at the Civil Secretariat in Srinagar.  The focus will be on assessing the progress of central schemes and strategies for expanding sustainable farming practices in the region.

    In the afternoon, the Minister will attend a meeting of the Consultative Committee of the Ministry of Agriculture and Farmers’ Welfare. Key topics on the agenda include the promotion of natural farming methods and the implementation of the National Oilseeds Mission, both critical to the government’s long-term goals for agricultural sustainability and self-reliance.

    Later in the evening, a courtesy meeting will be hosted in  Chouhan’s honour by the Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, at the Raj Bhavan in Srinagar.

    On July 4, the Union Minister will serve as the chief guest at the sixth convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST-K). The event will take place at the university’s Shalimar Convention Centre. Lieutenant Governor Manoj Sinha, who also serves as the Chancellor of SKUAST-K, and Jammu and Kashmir Chief Minister Omar Abdullah, who is the Pro-Chancellor, will also attend.

    During the ceremony, degrees will be awarded to 5,250 students, including undergraduates, postgraduates, and PhD scholars. The convocation will also honour 150 gold medalists and 445 students receiving merit certificates for outstanding academic performance.

    Following the convocation, Chouhan will visit saffron and apple orchards at the SKUAST-K campus, where he will interact with horticulture scientists and local farmers to understand region-specific challenges and innovations. Later, in Khonmoh village, the Minister will meet with ‘Lakhpati Didis’—women who have become symbols of empowerment and rural economic success under various self-help and livelihood initiatives.

     

    July 3, 2025
  • Shivraj Singh Chouhan to visit J&K for key meetings, convocation and rural engagements

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Agriculture, Farmers’ Welfare, and Rural Development, Shivraj Singh Chouhan, will visit Jammu and Kashmir on July 3 and 4. The visit is aimed at reinforcing the Centre’s initiatives in agriculture, natural farming, and rural development in the Union Territory. It will also focus on enhancing academic partnerships and engaging directly with farming communities and rural stakeholders

    On July 3, Chouhan will hold a high-level review meeting at the Civil Secretariat in Srinagar.  The focus will be on assessing the progress of central schemes and strategies for expanding sustainable farming practices in the region.

    In the afternoon, the Minister will attend a meeting of the Consultative Committee of the Ministry of Agriculture and Farmers’ Welfare. Key topics on the agenda include the promotion of natural farming methods and the implementation of the National Oilseeds Mission, both critical to the government’s long-term goals for agricultural sustainability and self-reliance.

    Later in the evening, a courtesy meeting will be hosted in  Chouhan’s honour by the Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, at the Raj Bhavan in Srinagar.

    On July 4, the Union Minister will serve as the chief guest at the sixth convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST-K). The event will take place at the university’s Shalimar Convention Centre. Lieutenant Governor Manoj Sinha, who also serves as the Chancellor of SKUAST-K, and Jammu and Kashmir Chief Minister Omar Abdullah, who is the Pro-Chancellor, will also attend.

    During the ceremony, degrees will be awarded to 5,250 students, including undergraduates, postgraduates, and PhD scholars. The convocation will also honour 150 gold medalists and 445 students receiving merit certificates for outstanding academic performance.

    Following the convocation, Chouhan will visit saffron and apple orchards at the SKUAST-K campus, where he will interact with horticulture scientists and local farmers to understand region-specific challenges and innovations. Later, in Khonmoh village, the Minister will meet with ‘Lakhpati Didis’—women who have become symbols of empowerment and rural economic success under various self-help and livelihood initiatives.

     

    July 3, 2025
  • MIL-OSI United Kingdom: Ukraine must stay at the forefront of the international agenda: UK Statement to the OSCE

    Source: United Kingdom – Executive Government & Departments

    Speech

    Ukraine must stay at the forefront of the international agenda: UK Statement to the OSCE

    UK Military Advisor, Lt Col Joby Rimmer, says amid global crises, including war in Iran, the UK urges continued focus on Ukraine.

    Thank you, Madame Chair. The United Kingdom remains steadfast in our commitment to support Ukraine for as long as it takes. This unwavering support is rooted in the defence of sovereignty, international law, and the multilateral system. As Ukraine continues to resist Russian aggression with resilience and determination, recent developments underscore both the urgency of sustained assistance and the growing strain on Russia’s military and economic apparatus.

    On the battlefield, Ukraine continues to hold the line, and in several areas, it is pushing it back. In Sumy Oblast, Russian attempts to establish a buffer zone were reversed by Ukrainian forces in late June. On 30 June, Ukraine’s General Staff confirmed the liberation of Andriyivka and advances near Oleksiivka, halting Russia’s northern offensive. Across Kharkiv, Kherson, and Zaporizhia, Russian offensives remain stalled or inconclusive. Ukrainian counterattacks have blunted their momentum. Russia’s increasing reliance on small, dispersed assault groups, observed between 22-30 June, reflects not tactical ingenuity but strategic desperation. On 27 June, Ukraine’s Security Service and Special Operations Forces struck the Marinovka airfield in Russia’s Volgograd region, destroying two Su-34 fullback fighter jets and damaging two more.

    While Russia may emphasise incremental battlefield gains, these claims frequently lack independent verification. What is verifiable reality is that Russia’s economy is buckling under the weight of its own aggression. Oil and gas revenues are falling, inflation is surging, and the rouble continues to depreciate. President Putin himself has admitted the economy is ‘overheating.’ Sanctions are biting hard, damaging Russia’s industrial base, widening the gap between military demand and production capacity, and forcing the Kremlin to rely on a dwindling National Wealth Fund to plug a ballooning deficit. Arms exports have collapsed, and production of advanced systems like the Su-57 fighter jet has been suspended due to parts shortages. This has driven Russia to search for sources elsewhere – China remains the decisive enabler of Russia’s war, and Iran has provided drones and ballistic missiles. In addition, over half of the artillery shells used by Russia since 2024 have come from North Korea. A telling sign of Moscow’s increasing dependence on foreign support.

    So how does Russia respond? President Putin has escalated his campaign of terror from the skies. On June 29, Russian forces launched the largest air assault since the start of the full-scale invasion, firing over 500 aerial weapons in a single night. While most were intercepted, the attacks caused civilian casualties and widespread infrastructure damage. President Zelenskyy rightly condemned these strikes as further proof that Russia is not seeking peace, but destruction.

    Finally, the Russian delegation will no doubt highlight recent NATO defence announcements as provocative. To clarify, again, in response to Russia’s increasing aggression across the Euro-Atlantic area, its illegal actions in Ukraine and its irresponsible nuclear rhetoric, the United Kingdom is reinforcing its own defence and deterrence posture. Our procurement of F-35A aircraft and participation in NATO’s dual-capable aircraft nuclear mission represent the most significant enhancement of our nuclear readiness in a generation. This is a strategic move to ensure NATO’s credibility and preparedness to respond to an increasingly volatile security environment.

    Madame Chair, while the world faces multiple crises, from instability in the Middle East to tensions in the Indo-Pacific, we must not lose sight of the ongoing war in Ukraine. Russia’s invasion is not just a conflict against Ukraine; it is a direct assault on the principles that underpin global peace and security. Let us be clear: Russia’s aggression will not succeed. Its economy is faltering, its military is overstretched, and its international isolation is deepening. Ukraine, by contrast, stands strong, resilient, united, and supported by a global coalition of democracies. The United Kingdom reaffirms its enduring commitment to Ukraine. We will stand with the Ukrainian people for as long as it takes.

    Updates to this page

    Published 2 July 2025

    Invasion of Ukraine

    • UK visa support for Ukrainian nationals
    • Move to the UK if you’re coming from Ukraine
    • Homes for Ukraine: record your interest
    • Find out about the UK’s response

    MIL OSI United Kingdom –

    July 3, 2025
  • MIL-OSI: TSplus Joins the First Sino-French Economic Meetings in Amiens

    Source: GlobeNewswire (MIL-OSI)

    AMIENS, France, July 02, 2025 (GLOBE NEWSWIRE) — TSplus proudly participated in the first-ever Sino-French Economic Meetings, held on June 9–10 in Amiens. This landmark event gathered key public and private figures from France and China to foster dialogue, innovation, and business collaboration between the two countries. For TSplus, it marked a unique opportunity to strengthen its presence in China and reinforce its commitment to international development.

    Over two days, the event brought together a wide array of Chinese and French stakeholders, with highlights including roundtable discussions, innovative showcase stands, and speed business meetings. The program was rich in insight and networking opportunities, designed to unlock future commercial cooperation.

    TSplus was represented by a dedicated team:

    • Dominique Benoit, Founder and President
    • François Stoop, International Sales Director
    • Mariam Essafi, Customer Success Manager
    • Yi Zheng, Presales engineer

    “This event was a fantastic opportunity to engage in meaningful conversations with influential members of the Chinese economic scene. We believe in building bridges and creating lasting partnerships,” said Dominique Benoit.

    Forging New Partnerships and Opening Doors to the Chinese Market

    Throughout the event, the TSplus team had the pleasure of meeting several high-profile Chinese officials, including:

    • HU JunYing, Deputy Director, Shanghai Minhang District Commission of Commerce
    • JIANG Bo, President, Centre des Entreprises Françaises/Francophones
    • ZHANG Bin, Deputy Director, Shanghai Hongqiao International CBD Administrative Committee
    • CHEN Zhongyu, Director, Division of Commerce Development, Shanghai Hongqiao International CBD
    • CHEN Wei, Deputy Director, Chenjiaqiao Sub-District Office, People’s Government of Changning District

    These valuable connections reflect the growing interest in collaborations between Chinese institutions and innovative French companies like TSplus.

    The event also featured a prestigious Franco-Chinese gastronomic lunch, organized by the Somme Business Club and hosted by renowned culinary figures including M. Collet (MOF 1998) and M. Ho, President of the Chinese Gastronomy Academy. Cultural highlights such as the presence of a descendant of Jules Verne brought a rich symbolic dimension to the gathering.

    On the second day, TSplus attended the roundtable:
    “Do French Entrepreneurial Initiatives Have a Place in the Chinese Market?”
    The session offered valuable perspectives on how French companies can adapt and thrive within China’s economic landscape. The day concluded with a B2B lunch, allowing the TSplus team to exchange ideas and explore synergies with Chinese entrepreneurs.

    TSplus: Committed to Global Growth, with a Focus on China

    Participation in this historic event aligns with TSplus’ broader strategy: investing in strategic markets and cultivating long-term international partnerships. With a strong presence in over 140 countries, TSplus continues to expand its reach by engaging directly with key actors on the ground.

    Are you a Chinese business looking to collaborate with a trusted French tech partner?
    Explore the TSplus Partner Program and discover our secure, powerful remote access solutions tailored for modern businesses.

    Check the photo carousel from the event!

    ——

    About TSplus
    TSplus is a global software company specializing in secure remote access, application delivery, and IT infrastructure solutions. Our suite of products—Remote Access, Remote Support, Advanced Security, and Server Monitoring—is designed to help businesses of all sizes simplify their IT operations while improving flexibility and security. Trusted by over 500,000 companies across more than 140 countries, TSplus empowers organizations to succeed in the age of hybrid work and digital transformation.

    Press Contact:

    Caleb Zaharris

    Marketing Director at TSplus

    Caleb.zaharris@tsplus.net

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6f37ed77-8b4d-4a40-b027-d379e4541c43

    The MIL Network –

    July 3, 2025
  • MIL-OSI Africa: International Monetary Fund (IMF) Staff Completes 2025 Article IV Mission with Nigeria


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    The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Nigeria.(1)

    The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience. The authorities have removed costly fuel subsidies, stopped monetary financing of the fiscal deficit and improved the functioning of the foreign exchange market. Investor confidence has strengthened, helping Nigeria successfully tap the Eurobond market and leading to a resumption of portfolio inflows. At the same time, poverty and food insecurity have risen, and the government is now focused on raising growth.

    Growth accelerated to 3.4 percent in 2024, driven mainly by increased hydrocarbon output and vibrant services sector. Agriculture remained subdued, owing to security challenges and sliding productivity. Real GDP is expected to expand by 3.4 percent in 2025, supported by the new domestic refinery, higher oil production and robust services. Against a complex and uncertain external environment, medium-term growth is projected to hover around 3½ percent, supported by domestic reform gains.

    Gross and net international reserves increased in 2024, with a strong current account surplus and improved portfolio inflows. Reforms to the fx market and foreign exchange interventions have brought stability to the naira.

    Naira stabilization and improvements in food production brought inflation to 23.7 percent year-on-year in April 2025 from 31 percent annual average in 2024 in the backcasted rebased CPI index released by the Nigerian Bureau of Statistics. Inflation should decline further in the medium-term with continued tight macroeconomic policies and a projected easing of retail fuel prices.

    Fiscal performance improved in 2024. Revenues benefited from naira depreciation, enhanced revenue administration and higher grants, which more-than-offset rising interest and overheads spending.

    Downside risks have increased with heightened global uncertainty. A further decline in oil prices or increase in financing costs would adversely affect growth, fiscal and external positions, undermine financial stability and exacerbate exchange rate pressures. A deterioration of security could impact growth and food insecurity.

    Executive Board Assessment (2)

    Executive Directors agreed with the thrust of the staff appraisal. They commended the authorities on the successful implementation of significant reforms during the past two years and welcomed the associated gains in macroeconomic stability and resilience. As these gains have yet to benefit all Nigerians, and with heightened economic uncertainty and significant downside risks, Directors emphasized the importance of agile policy making to safeguard and enhance macroeconomic stability, creating enabling conditions to boost growth, and reducing poverty.

    Directors agreed that the Central Bank of Nigeria is appropriately maintaining a tight monetary policy stance, which should continue until disinflation becomes entrenched. They welcomed the discontinuation of deficit monetization and ongoing efforts to strengthen central bank governance to set the institutional foundation for inflation targeting. Directors also welcomed steps taken by the authorities to build reserves and support market confidence and praised reforms to the foreign exchange market that supported price discovery and liquidity. They called for implementation of a robust foreign exchange intervention framework focused on containing excess volatility, stressing that the exchange rate is an important shock absorber. Directors also agreed with staff’s call to phase out existing capital flow management measures in a properly timed and sequenced manner.

    Directors called for a neutral fiscal stance to safeguard macroeconomic stabilization with priority given to investments that enhance growth. Directors also called for accelerating the delivery of cash transfers to assist the poor. They commended the authorities on advancing the tax reform bill, an important step towards enhancing revenue mobilization and creating fiscal space for development spending, while preserving debt sustainability.

    Directors recognized actions to strengthen the banking system, including the ongoing process of increasing banks’ minimum capital. They welcomed the authorities’ efforts to boost financial inclusion and promote capital market development, while emphasizing the importance of moving to a robust risk‑based supervision for mortgage and consumer lending schemes as well as the fintech and crypto sectors. Directors welcomed progress made in strengthening the AML/CFT framework and stressed the importance of resolving remaining weaknesses to exit the FATF grey list.

    To lift Nigeria’s growth outlook, improve food security, and reduce fragility, Directors highlighted the importance of tackling security, red tape, agricultural productivity, infrastructure gaps, including boosting electricity supply, as well as improved health and education spending, and making the economy more resilient to climate events. They noted that addressing structural impediments to private credit extension is also needed to support growth. Directors welcomed the IMF’s capacity development to support authorities’ reform efforts and agreed that enhancing data quality is critical for sound, data‑driven policymaking.

    Table 1. Nigeria: Selected Economic and Financial Indicators, 2023–26

    2023

    2024

    2025

    2026

    5/8/2025 13:03

    Act.

    Est.

    Proj.

    Proj.

     National income and prices

    Annual percentage change

    (unless otherwise specified)

    Real GDP (at 2010 market prices)

    2.9

    3.4

    3.4

    3.2

    Oil GDP

    -2.2

    5.5

    4.9

    2.3

    Non-oil GDP

    3.2

    3.3

    3.3

    3.3

    Non-oil non-agriculture GDP

    3.9

    4.1

    3.7

    3.7

    Production of crude oil (million barrels per day)

    1.5

    1.5

    1.7

    1.7

    Nominal GDP at market prices (trillions of naira)

    234

    277

    320

    367

    Nominal non-oil GDP (trillions of naira)

    221

    260

    303

    351

    Nominal GDP per capita (US$)

    1,597

    806

    836

    887

    GDP deflator

    12.6

    14.5

    11.4

    11.4

    Consumer price index (annual average)

    24.7

    31.4

    24.0

    23.0

    Consumer price index (end of period)

    28.9

    15.4

    23.0

    18.0

    Investment and savings

    Percent of GDP

    Gross national savings

    31.8

    39.6

    37.5

    37.7

    Public

    -0.1

    3.9

    2.2

    1.7

    Private

    31.9

    35.7

    35.3

    36.1

    Investment

    30.0

    30.4

    30.5

    33.1

    Public

    3.2

    4.8

    5.4

    5.5

    Private

    26.8

    25.6

    25.1

    27.6

    Consolidated government operations

    Percent of GDP

    Total revenues and grants

    9.8

    14.4

    14.2

    13.8

    Of which: oil and gas revenue

    3.3

    4.1

    5.1

    4.9

    Of which: non-oil revenue

    5.8

    9.2

    8.8

    8.8

    Total expenditure and net lending

    13.9

    17.1

    18.9

    18.7

    Overall balance

    -4.2

    -2.6

    -4.7

    -4.9

    Non-oil primary balance

    -4.9

    -4.9

    -7.2

    -6.9

    Public gross debt1

    48.7

    52.9

    52.0

    50.8

    Of which: FX denominated debt

    18.1

    25.5

    25.8

    24.8

    FGN interest payments (percent of FGN revenue)

    83.8

    41.1

    47.3

    49.2

    Money and credit

    Contribution to broad money growth
    (unless otherwise specified)

    Broad money (percent change; end of period)

    51.9

    42.7

    17.9

    22.3

    Net foreign assets

    10.5

    30.4

    2.1

    7.2

    Net domestic assets

    41.3

    12.3

    15.8

    15.1

         Of which: Claims on consolidated government

    20.1

    -11.9

    6.2

    4.1

    Credit to the private sector (y/y, percent)

    53.6

    30.1

    17.9

    18.2

    Velocity of broad money (ratio; end of period)

    2.7

    3.3

    2.2

    2.1

    External sector

    Annual percentage change

    (unless otherwise specified)

    Current account balance (percent of GDP)

    1.8

    9.2

    7.0

    4.6

    Exports of goods and services

    -12.8

    -4.5

    -6.0

    1.3

    Imports of goods and services

    -4.4

    -0.8

    -6.8

    8.4

    Terms of trade

    -6.1

    -0.6

    -7.4

    -3.3

    Price of Nigerian oil (US$ per barrel)

    82.3

    79.9

    67.7

    63.3

    External debt outstanding (US$ billions)2

    102.9

    102.2

    105.9

    110.2

    Gross international reserves (US$ billions, CBN definition)3

    33.2

    40.2

    36.4

    39.1

    Equivalent months of prospective imports of G&S

    5.4

    5.7

    7.5

    7.7

    Memorandum items:

      Implicit fuel subsidy (percent of GDP)

    0.8

    2.1

    0.0

    0.0

    Sources: Nigerian authorities; and IMF staff estimates and projections.

    1 Gross debt figures for the Federal Government and the public sector include overdrafts from the Central Bank of Nigeria (CBN).

    2 Includes both public and private sector.

    3 Based on the IMF definition, the gross international reserves were US$8 billion lower in December 2024.


    (1) Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. Staff hold separate annual discussions with the regional institutions responsible for common policies in four currency unions—the Euro Area, the Eastern Caribbean Currency Union, the Central African Economic and Monetary Union, and the West African Economic and Monetary Union. For each of the currency unions, staff teams visit the regional institutions responsible for common policies in the currency union, collects economic and financial information, and discusses with officials the currency union’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis of discussion by the Executive Board. Both staff’s discussions with the regional institutions and the Board discussion of the annual staff report will be considered an integral part of the Article IV consultation with each member. 

    (2) At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm. The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    Distributed by APO Group on behalf of International Monetary Fund (IMF).

    MIL OSI Africa –

    July 3, 2025
  • MIL-OSI USA: Legislation considered under suspension of the Rules of the House of Representatives during the week of July 7, 2025

    Source: US Congressional Budget Office

    The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. Under suspension, floor debate is limited, all floor amendments are prohibited, points of order against the bill are waived, and final passage requires a two-thirds majority vote.

    At the request of the Majority Leader and the House Committee on the Budget, CBO estimates the effects of those bills on direct spending and revenues. CBO has limited time to review the legislation before consideration. Although it is possible in most cases to determine whether the legislation would affect direct spending or revenues, time may be insufficient to estimate the magnitude of those effects. If CBO has prepared estimates for similar or identical legislation, a more detailed assessment of budgetary effects, including effects on spending subject to appropriation, may be included.

    CBO’s estimates of the bills that have been posted for possible consideration under suspension of the rules during the week of July 7, 2025, include:

    • H.R. 900, Sinkhole Mapping Act of 2025, as amended
    • H.R. 1043, La Paz County Solar Energy and Job Creation Act
    • H.R. 1044, To amend Public Law 99-338 with respect to Kaweah Project permits
    • H.R. 1455, ITS Codification Act
    • H.R. 1709, Understanding Cybersecurity of Mobile Networks Act
    • H.R. 1766, NTIA Policy and Cybersecurity Coordination Act
    • H.R. 1770, Consumer Safety Technology Act
    • H.R. 2037, Open RAN Outreach Act, as amended
    • S. 1596, Jocelyn Nungaray National Wildlife Refuge Act

    MIL OSI USA News –

    July 3, 2025
  • MIL-OSI Security: Nuclear Energy Education Gets a Boost from the IAEA

    Source: International Atomic Energy Agency – IAEA

    The IAEA conducted its first INEAS university mission in April in Ust Kamenogorsk, Kazakhstan, a country that is looking to restart its nuclear power programme. The mission — which engaged more than 90 participants from academia, government and industry — laid the ground for the development of a new bachelor’s degree programme in the ‘Operation of Nuclear Power Plants’ at the D. Serikbayev East Kazakhstan Technical University. It included curriculum workshops, technical visits and stakeholder consultations.

    The IAEA also participated in an international forum with 14 expert presentations from Kazakhstan, Belarus and Russia, highlighting international best practices in nuclear education. Key outcomes included recommendations for planning national human resources development, curriculum enhancement, and expansion of cooperation through IAEA technical projects and STAR-NET, a regional network that promotes education and training in nuclear technologies.

    “We are grateful to the IAEA for sending experts to our university to support the development of nuclear energy infrastructure. Their assistance also proved very helpful in designing the educational programme,” said Aizhan Baidildina, an associate professor at the the D. Serikbayev East Kazakhstan Technical University.

    Kazakhstan, which is working with the IAEA to develop the infrastructure to reintroduce nuclear power, aims to complete its first nuclear power reactor in the next eight years. Its construction is expected to provide clean, reliable energy to the Central Asian country of 19 million people. Scientific and technical personnel are also being trained to operate the plant. Kazakhstan has the second largest uranium reserves in the world, accounting for 14 per cent of the global total. The country currently operates research reactors as well as several other nuclear installations related to the front end of the nuclear fuel cycle.

    MIL Security OSI –

    July 3, 2025
  • MIL-OSI: Earn Daily Passive Crypto Income Without Hardware Using BAY Miner

    Source: GlobeNewswire (MIL-OSI)

    Atlanta, Georgia, July 02, 2025 (GLOBE NEWSWIRE) — Traditional cryptocurrency mining usually requires expensive equipment, a lot of electricity, and complex technical settings, which discourages many investors. BAY Miner is changing this situation by launching a convenient and efficient cloud mining solution that allows Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE) holders to earn passive crypto income every day without purchasing mining machines.

    The equipment-free cloud mining model provided by BAY Miner enables users to participate in daily income directly online, and can easily obtain stable crypto returns regardless of mining experience. For cryptocurrency investors who want to obtain stable cash flow in volatile markets, BAY Miner provides a worry-free, power-saving, and sustainable passive income method, while supporting flexible contracts and daily withdrawals to make funds flow more freely.

    With advanced security, transparent daily income, and a user-friendly mining dashboard, BAY Miner has become an important choice for crypto investors in the United States and around the world seeking stable income and low-threshold investment, helping users capture the rising dividends of BTC, ETH, XRP, and DOGE markets without incurring high costs and complex operation and maintenance risks.

    Advantages and features of BAY Miner
    BAY Miner provides a safe, simple and profitable cloud mining experience suitable for both new and experienced investors.
    – Enhanced security: The platform integrates McAfee® and Cloudflare® to ensure account security;
    – Zero hidden fees: Transparent operations, no hidden management fees;
    – 24/7 support and normal operation: Provide 100% uptime and 24/7 customer service support;
    – Multi-currency support: Support BTC, ETH, SOL, XRP, DOGE and other cryptocurrency mining;
    – Free experience and daily income: Sign up to get $15 mining experience, earn $0.60 for free every day, passive income without risk.
    How to start free cloud mining with BAY Miner
    1.Free cloud mining: Sign up to get $15 in mining credits and start earning daily crypto income instantly, no hardware required.
    2.Create an account: Quick and easy email sign-up process, get instant access to your mining dashboard and track your daily earnings in real time.
    3.Choose a flexible contract: Choose a mining plan that fits your budget to ensure stable daily earnings while enabling flexible fund management.

    The following are examples of popular contracts on BAY Miner (recent reference data):

    ·BTC [Free Computing Plan]: Invest $100, 2-day cycle, $4 daily income, $100 + $8 income returned upon maturity
    ·LTC [Core Contract Plan]: Invest $600, 6-day cycle, $7.2 daily income, $600 + $43.2 income returned upon maturity
    ·BTC [Core Contract Plan]: Invest $3000, 20-day cycle, $39 daily income, $3000 + $780 income returned upon maturity
    ·DOGE [Core Contract Plan]: Invest $5000, 32-day cycle, $72.5 daily income, $5000 + $2320 income returned upon maturity
    ·BTC [Electricity Contract Plan]: Invest $10000, 47-day cycle, $165 daily income, $10000 + $7755 income returned upon maturity
    The above profit examples are based on the recent BAY Miner contract plan. The actual profit may fluctuate slightly with the market and chain conditions. For more contracts, please visit https://bayminer.com

    Why BAY Miner Stands Out in Cloud Mining
    BAY Miner makes crypto mining simple and secure, allowing users with no prior mining experience to start earning daily BTC, ETH, XRP, and DOGE rewards without buying expensive equipment or paying high electricity bills. Users can sign up, choose a flexible contract, and track daily earnings in real-time through an intuitive dashboard, with the freedom to withdraw or reinvest earnings anytime. This hands-off approach lets investors capture passive crypto income opportunities as the market grows, without the hassle of managing hardware or technical operations.

    “Our goal is to provide users with a flexible and profitable mining experience,” said a BAY Miner spokesperson. “With daily payouts and reinvestment options, BAY Miner allows investors to maximize returns while maintaining control and liquidity over their crypto funds.”

    Worry-free experience
    BAY Miner is responsible for all equipment maintenance, operation and electricity costs. Users only need to select a contract to obtain stable passive crypto income every day without any technical experience.

    BAY Miner offers a secure, hardware-free cloud mining platform for BTC, ETH, XRP, and DOGE, enabling daily passive crypto income with flexible contracts, real-time earnings tracking, and easy withdrawals.

    Whether you’re new to crypto or a seasoned investor, BAY Miner provides a simple and secure way to earn daily passive income through cloud mining. Join today to start earning BTC, ETH, XRP, and DOGE without the hassle of hardware or technical complexity.

    Download the mobile app: https://bayminer.com/app/download
    Visit the official website: https://bayminer.com

    Attachment

    • bayminners

    The MIL Network –

    July 3, 2025
  • MIL-OSI NGOs: Nuclear Energy Education Gets a Boost from the IAEA

    Source: International Atomic Energy Agency (IAEA) –

    The IAEA conducted its first INEAS university mission in April in Ust Kamenogorsk, Kazakhstan, a country that is looking to restart its nuclear power programme. The mission — which engaged more than 90 participants from academia, government and industry — laid the ground for the development of a new bachelor’s degree programme in the ‘Operation of Nuclear Power Plants’ at the D. Serikbayev East Kazakhstan Technical University. It included curriculum workshops, technical visits and stakeholder consultations.

    The IAEA also participated in an international forum with 14 expert presentations from Kazakhstan, Belarus and Russia, highlighting international best practices in nuclear education. Key outcomes included recommendations for planning national human resources development, curriculum enhancement, and expansion of cooperation through IAEA technical projects and STAR-NET, a regional network that promotes education and training in nuclear technologies.

    “We are grateful to the IAEA for sending experts to our university to support the development of nuclear energy infrastructure. Their assistance also proved very helpful in designing the educational programme,” said Aizhan Baidildina, an associate professor at the the D. Serikbayev East Kazakhstan Technical University.

    Kazakhstan, which is working with the IAEA to develop the infrastructure to reintroduce nuclear power, aims to complete its first nuclear power reactor in the next eight years. Its construction is expected to provide clean, reliable energy to the Central Asian country of 19 million people. Scientific and technical personnel are also being trained to operate the plant. Kazakhstan has the second largest uranium reserves in the world, accounting for 14 per cent of the global total. The country currently operates research reactors as well as several other nuclear installations related to the front end of the nuclear fuel cycle.

    MIL OSI NGO –

    July 3, 2025
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