NewzIntel.com

Category: Finance

  • MIL-OSI China: UK PM announces new 1.6B-pound deal for Ukraine

    Source: China State Council Information Office 3

    British Prime Minister Keir Starmer (L) shakes hands with visiting Ukrainian President Volodymyr Zelensky in front of 10 Downing Street in London, Britain, March 1, 2025. [Photo/Xinhua]

    British Prime Minister Keir Starmer announced on Sunday that Britain will allow Ukraine to use 1.6 billion pounds (2 billion U.S. dollars) of British export finance to purchase more than 5,000 air defense missiles.

    “This will be vital for protecting critical infrastructure and strengthening Ukraine,” Starmer told a press conference following a summit with Western leaders in London.

    The goal is “to put Ukraine in the strongest position” so the country can negotiate from a position of strength, he added.

    Western leaders, including more than a dozen European heads of state and Canadian Prime Minister Justin Trudeau, gathered in London on Sunday for a defense summit aimed at advancing a peace plan for Ukraine.

    Starmer said leaders at the summit had agreed on a four-step plan to guarantee peace in Ukraine: to maintain military aid to Ukraine while the conflict continues and increase economic pressure on Russia; to ensure that any lasting peace guarantees Ukraine’s sovereignty and security, with Ukraine at the table for any negotiations; to deter “any future invasion by Russia” in the event of a peace deal; and to establish a “coalition of the willing” to defend Ukraine and uphold peace in the country.

    The leaders also agreed to meet again soon to sustain the momentum behind these efforts, Starmer said.

    The prime minister reaffirmed Britain’s commitment to supporting the peace plan with “boots on the ground, and planes in the air.”

    “Europe must do the heavy lifting,” he said, emphasizing that the agreement needs U.S. backing.

    “Let me be clear, we agree with Trump on the urgent need for a durable peace. Now we need to deliver together,” he said.

    Earlier on Sunday before the summit, Starmer announced that Britain, France and Ukraine will work on a ceasefire plan to present to the United States. He named three essential points to achieve “lasting peace” — a strong Ukraine, a European element with security guarantees, and a U.S. backstop, with the last one being the subject of “intense” discussion.

    The summit took place amid diplomatic tensions, following a heated exchange earlier this week between Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump at the White House, which led to the cancellation of an anticipated raw materials agreement between the two countries.

    On Saturday, Zelensky met with Starmer at 10 Downing Street, where the British prime minister reaffirmed the UK’s “unwavering determination” to achieve lasting peace in Ukraine. Following the meeting, Ukrainian Finance Minister Serhiy Marchenko announced that Britain and Ukraine had agreed on a loan of 2.26 billion pounds to support Ukraine’s defense capabilities. (1 pound = 1.26 U.S. dollar)

    MIL OSI China News –

  • MIL-OSI Economics: African Development Bank reiterates commitment to bold action on energy and climate finance at 2025 Finance in Common Summit

    Source: African Development Bank Group

    Energy access and sustainable finance took center stage at the 2025 Finance in Common Summit, where two roundtable discussions addressed critical financing gaps and highlighted pathways to achieving universal energy access in Africa. 

    During the discussions, the African Development Bank reiterated its commitment to unlocking investment for Africa’s energy future and scaling climate financing as part of its recently-launch Mission 300 initiative, in anticipation of COP30.

    With 600 million people in Sub-Saharan Africa still without electricity, the urgency of addressing energy access cannot be overstated. The first roundtable convened Local Finance Institutions (LFIs), national and local governments, utilities, and private sector leaders to explore solutions to financing constraints. Participants shared best practices, tackled investment bottlenecks, and discussed innovative de-risking mechanisms for energy projects.

    “LFIs are the lifeblood of our economies, possessing a unique understanding of local contexts, needs, and opportunities,” noted African Development Bank Vice President, Nnenna Nwabufo, who moderated the session. “They are essential for mobilizing the necessary capital, fostering local entrepreneurship, and scaling sustainable energy projects.”

    While significant progress has been made in expanding energy access across Africa, major challenges remain. In January 2025, the Mission 300 Energy Summit generated strong political momentum, with 48 African Heads of State committing to accelerating policy reforms, and 12 countries presenting National Energy Compacts outlining clear targets for energy access.

    Backed by the World Bank, the African Development Bank and other development partners, Mission 300  aims to provide  300 million Africans with electricity access by 2030. “This ambitious goal is within reach, but it demands concerted action, innovative financing solutions, and strong partnerships,” emphasized Nwabufo.

    However, financing remains a major bottleneck, particularly for last-mile connectivity and off-grid solutions. Public development banks and local finance institutions play a pivotal role in mobilizing the estimated $170 billion needed to achieve universal access. “Traditional financing models often fall short in meeting the specific needs of local communities and small-scale energy projects…this is where LFIs, with their local expertise, can make a transformative difference,” Nwabufo added.

    Private funds such as the Gaia Energy Impact, a venture capital firm dedicated to renewable energy, are crucial for financing early-stage innovation and making projects investment-ready to attract more capital. “However, de-risking tools provided by public institutions, such as concessional funding, blended finance and guarantees, play a major role in leveraging private capital,” explained Hélène Demaegdt, President and Founder, of the impact fund.

    A united vision for the future of energy access

    The second roundtable shifted focus to Latin America and the Caribbean (LAC), where development banks have been at the forefront of climate finance. Experts from sovereign wealth funds, vertical funds, and private investors joined key institutional players to explore pathways for scaling sustainable financing.

    With COP30 on the horizon, panelists emphasized the importance of a robust taxonomy to attract global capital. Brazil’s pioneering efforts—through initiatives like the Brazil Climate and Ecological Transformation Investment Platform (BIP) and Eco Invest Brazil—served as a model for emerging markets.

    “As we move to COP30 we are committed to doubling down on looking at all sources of revenues and pulling all levers,” said Tatiana Rosito, Secretary for International Affairs for Brazil’s Ministry of Finance.

    Discussions reinforced the necessity of blended finance models, philanthropic support, and sovereign wealth funds to bridge the climate adaptation and mitigation financing gap. The session set the stage for deeper engagements leading up to COP30, ensuring that emerging markets secure the capital needed for a just energy transition.

    “COP30 will be a defining moment for Africa and the world. We cannot afford another cycle of pledges without action,” insisted Nwabufo.

    “This needs to be an accountability COP,” echoed Mafalda Duarte, Executive Director of the Green Climate Fund. “We need less big announcements but more giving a sense of trust and confidence that we will focus deliberately on critical partnerships, implementation and results.”

    Duarte also emphasized the need to broaden the investor base beyond multilateral development banks. “We know that the private investors are not doing as much as they could and should, so should be included as part of a more integrated narrative.”

    “We must demonstrate that finance will not remain a barrier to Africa’s sustainable future but a catalyst for shared prosperity. It is not just about securing financing for Africa’s climate goals; it is about demonstrating that investing in Africa’s climate resilience is smart economics, benefitting both Africa and the global economy,” Nwabufo affirmed.

    MIL OSI Economics –

  • MIL-OSI Australia: Australia’s energy transition: capitalising on global investment shifts post-US election

    Source: Allens Insights

    An increasingly complex global environment 13 min read

    Within hours of his inauguration on 20 January 2025, President Trump signed almost 100 executive orders and issued several memorandums and announcements. These included a wind-back of the Inflation Reduction Act (the IRA), withdrawal from The Paris Agreement, halting approvals for new offshore wind farm projects, fast-tracking approval processes for fossil fuels and implementing tariffs on Canada, China and Mexico, some of which were subsequently paused.

    It is early days, so there is limited evidence as to whether this will result in a meaningful change to actual investment allocations in sectors such as renewable energy, but it certainly demonstrates that the global investment environment is becoming increasingly complex, and we believe there is potential for some portion of capital to be redirected away from the US.

    While a potential global reallocation of debt and equity capital and other key energy transition resources such as labour and equipment may be advantageous for a number of countries, the extent to which Australia will be able to capitalise on these opportunities will be tested by the many existing challenges that remain and need to be solved.

    In this Insight, we reflect on the potential consequences of recent policy changes in the US following the re-election of the Trump administration and how this may impact the energy transition in Australia.

    Key takeaways

    • The winding back of the Inflation Reduction Act and other renewables policies under the new US administration may lead to a global redirection of capital away from the US to other jurisdictions, with the reallocation of key resources such as labour and materials easing global supply chain pressures in some pockets.
    • Features specific to Australia’s clean energy market, including our debt and equity markets, and supportive legislative environment may be attractive to certain classes of investors seeking to reallocate capital that was previously earmarked for the US.
    • Similarly, certain local projects experiencing challenges with labour and materials shortages will welcome the potential redistribution and freeing up of such resources.
    • However, the upcoming federal election adds uncertainty to the future direction of Australia’s clean energy policy. Anti-ESG sentiment, fuelled by the renewed emphasis of this theme from the US, may have a further chilling effect on investor confidence.
    • In addition to political uncertainties, Australia’s energy transition continues to face domestic challenges such as approval and connection delays, skilled labour and materials shortages (which are not easily solved even if there is a global redistribution of such resources), and a slow transmission infrastructure build-out. These challenges need to be addressed to fully attract inbound capital.
    • While recognising the very real ongoing local challenges, on the global stage Australia will still be viewed as an attractive investment destination for renewable energy, including relative to the US and parts of Europe. The competitive advantages that are specific to the Australian renewables sector will help Australia compete for the redirection of global capital flows.

    Recent policy changes in the US

    The new US administration has wasted no time in implementing executive orders with the intention of sending policy signals and directing investment in the energy industry in the US in the short to medium term. While the policy situation in the US continues to change on a daily basis, key policies and actions that are expected to directly curb investment in the renewable energy industry in the US are:

    Winding back of the IRA

    Trump’s ‘Unleashing American Energy’ executive order pauses the disbursement of funds allocated under the IRA. This will have direct impacts on existing and planned energy transition projects, including Australian investment into the US in areas such as hydrogen.

    While the IRA is not expected to be fully repealed given a number of projects benefiting from the IRA are in Republican states, the change in stance under the new administration certainly represents a significant shift in direction, given that—up until the commencement of the new administration—the IRA was widely promoted as the single biggest climate investment in US history, with more than US$369 billion of government spending earmarked for energy transition projects, including a vast range of renewable energy technologies. Indeed, it is estimated that as at January 2025, the IRA in its previous form had attracted nearly US$500 billion of investment in low carbon energy and domestic manufacturing, with private investment exceeding public spending by five to six fold.1

    Offshore wind ban

    The withdrawal by President Trump of the Offshore Continental Shelf (OCS) from wind energy leasing is anticipated to create major hurdles for the offshore wind industry in the US. The terms of the withdrawal will mean new offshore wind projects are unlikely to get off the ground, as they will not be able to get leases on the OCS. Projects with existing leases may also be at risk of review, which may result in revisions to the sizing of such leases, or even their cancellation.

    Drill, baby drill

    Trump’s energy strategy pivots away from the clean energy initiatives under the Biden administration towards a prioritisation of oil and gas. Through a number of executive orders, President Trump has decreased regulatory roadblocks to new oil and gas projects, expanded the areas in which hydrocarbon exploration can take place, restarted approval processes for LNG export projects and initiated a renewed push for the adoption of fracking across the US mainland.

    As a result, the US will immediately become a more attractive destination for oil and gas companies to deploy capital and develop new projects. This is in distinct contrast to the Australian investment landscape. Despite the change in the discourse relating to gas that we’ve seen over the past few years, with both the federal and various state governments now publicly calling out the role of gas as an important part of the energy transition, new projects are still facing long delays in securing approvals and opposition from community groups.

    Anti-ESG investment sentiment

    All of these and many other actions and policies under the new US administration have contributed to a further rise in anti-ESG investment sentiment. Globally, and in part as a possible reaction to that sentiment, we have seen major financial institutions and asset managers pulling back from public net zero and other climate-related commitments.

    Australia’s clean energy investment landscape

    Australia’s clean energy landscape is likely to be influenced by a number of global shifts arising from key US policy changes, including the global reallocation of debt and equity capital, disruption and redistribution of supply chains, key materials and labour, and a changing political environment and public sentiment.

    While these shifts may, in some respects, be positive for Australian clean energy projects and investment, our energy transition continues to face significant challenges. The impact on energy policy following a possible change in federal government is significant, with uncertainty around whether a number of the key initiatives pursued over the past few years will continue. These include the Rewiring the Nation initiative, which funds the construction of new transmission infrastructure, and the offshore wind industry which is underpinned by federal legislation. Of course, there is then the issue of the Coalition’s nuclear policy and how this might impact the direction of the energy market in Australia.

    In addition to this sovereign risk, Australia continues to grapple with significant approval delays and transmission connection issues for energy transition projects, preventing developers from fully capitalising on the opportunity to attract capital. We will cover these issues in more detail in future Insights in this series.

    Many of the orders and policies under the Trump administration are expected to:

    • present significant hurdles for new projects in the US (particularly in the renewable energy sector and generation projects both onshore and offshore);
    • create or exacerbate delays and challenges for certain existing US projects, some of which may be shelved or abandoned completely; and
    • increase political and social complexity and scrutiny of investment policies that are explicitly linked to decarbonisation or climate-related targets.

    In particular, the winding back of the IRA is expected to result in capital of up to US$80 billion being diverted away from the US.2 Should this eventuate, a huge global reallocation of capital can be expected to occur, potentially creating new opportunities for certain segments and projects in the Australian energy sector.

    Emerging technologies and non-traditional revenue structures

    While Australia benefits from a mature, sophisticated and liquid project finance market, for certain clean energy projects, such as those involving newer and emerging technologies or non-traditional revenue profiles (like hydrogen, batteries and other storage assets), there is often a need for support from a range of traditional and non-traditional funding sources. These can include government lender support or private debt providers who may be willing to provide greater flexibility in their terms for certain projects that are higher up the risk curve given their different investment mandates and risk appetite.

    The capital expected to ‘free up’ as a result of a more challenging investment environment in the US will come from a wide range of sources, including commercial banks, private debt lenders and funds. With strong existing liquidity in the Australian project finance bank debt market, we see opportunities for non-traditional lenders, particularly private debt lenders who may be looking to reallocate their investment, to increase their participation in the Australian energy market, especially on projects involving emerging technologies or with non-traditional revenue profiles. We may see more of those types of lenders providing standalone funding or supplementing and sitting alongside traditional bank debt and government funding on certain clean energy projects.

    This activity may be facilitated by other current features of the Australian market, such as the RBA recently starting a gradual easing cycle on interest rates, as well as industry-specific features that support new project development and funding, such as legislated emissions reduction targets, and government-led funding and revenue underwriting initiatives, at both a federal and state level, such as the Commonwealth Capacity Investment Scheme and NSW’s Electricity Infrastructure Roadmap for renewable energy zones and Long Term Energy Services Agreements. It remains to be seen what effect the Australian election outcome may have on federal energy policy, and we have already seen a shift in Queensland in terms of government support for energy transition-related targets and projects.

    M&A activity and expansion of energy platform investment

    On the equity side, for similar reasons noted earlier, we anticipate that Australia should be viewed as a relatively attractive jurisdiction for increased investment from equity investors who may be pulling back their investment allocations in projects in the US. In the Australian context, potential increased equity interest from investors looking for scale and diversification may further drive the proliferation of energy platforms and portfolios. This is a major trend that has proven to be highly attractive and viable for sponsors in the local market across the past 12-24 months, leading to a number of platforms and portfolios becoming available in the pipeline and seeking to be connected with equity and debt capital providers. Investors with more specific asset or technology-based mandates may also look to increase their investment in sectors that have proven to be increasingly bankable, such as the utility-scale batteries sector or, depending on their investment mandate, sectors involving more emerging technologies.

    The extent to which these potential opportunities will result in a net benefit for Australia will be tested by a number of existing sector challenges. These include political uncertainty and a possible pullback by certain investors from the sector generally in the context of heightened scrutiny from stakeholders around ‘environmental agendas’. We have also seen a retreat by certain investors from some technologies such as utility-scale solar, and there are, of course, the pain points with permitting, connection, access and social licence affecting all projects. All of these factors lessen competition for assets, placing downward pressure on returns and presenting issues for Australia as an investment destination for capital seeking a home.

    The significant hurdles, delays and other challenges for renewable energy projects in the US, combined with more general measures such as tariffs, leading to potential trade wars, are expected to significantly disrupt supply chains, key materials and labour. Looking at some of Australia’s existing challenges under these themes, we anticipate that there may be upside for certain segments of the clean energy industry.

    Labour and supply chain opportunities

    The redistribution of resources such as labour and equipment that is no longer required for projects in the US may present opportunities for Australian projects such as solar, wind and storage, as well as facilitating the buildout of transmission infrastructure. Shortages in skilled labour and materials have been a key hurdle facing Australia’s ambitious pipeline of energy development projects and transmission infrastructure buildout. Key equipment and components for energy projects are in high demand globally. Production slots for these items can be booked out years in advance and prices have continually been increasing. Program timing for these large-scale projects is critical, with delays resulting in projects losing their position in the queue for both key components and grid access, which is contributing to cost overruns and blowouts.

    While there is no easy solution to existing supply chain problems, we expect that a redistribution of supply of material, transportation and labour resources away from the US may provide some assistance with overcoming these challenges.

    Offshore wind sector

    The sweeping actions taken by the Trump administration raise serious concerns for the offshore wind industry in the US. From a global perspective, it will mean a huge volume of such development projects may be withdrawn from the US or delayed for some time. In addition to the associated equity and debt investment that will no longer be deployed for those projects and will therefore need to be reallocated, this also means key resources such as contractors, suppliers and operators, as well as key materials, transportation and components, which were previously committed to that project pipeline, will become available globally. The freeing up of some of these resources may assist to address existing shortages in the Australian offshore industry.

    This redistribution presents opportunities for Australia, in particular when we consider some of the current regulatory and policy settings already in place for our offshore wind industry. While still in its early stages, the federal and Victorian governments have been at the forefront of developing an offshore wind market in Australia, with the introduction of an offshore electricity licensing framework at a federal level and a clear policy direction from the Victorian Government outlining its offshore wind targets.

    That said, the offshore wind industry in Australia is still very much in its infancy, and the progress that has been made under current Labor governments at the state level is at risk of being paused or wound back should we see a change of federal government at the upcoming election.

    The substantial shift in stance that the new US administration has taken on energy policy has heightened criticism of energy investment from certain political and social voices and, relatedly, has contributed to a general anti-ESG and anti-woke narrative.

    This increases the complexity of the investment environment surrounding the energy sector globally. In Australia, we see this potentially amplifying certain political and social licence challenges, but will not necessarily be a significant detractor from opportunities for the energy transition in Australia given that, as an investment destination, it remains attractive relative to other parts of the world.

    Emboldening political and community challengers

    We expect to see key planning and environment approvals required under federal and state legislation remaining a challenge for developers, both in terms of delays in securing those approvals and increasingly stringent assessment requirements and conditions once those approvals have been obtained.

    This may be exacerbated depending on the outcome of the upcoming federal election this year. The Coalition has taken a considerably stronger stance against renewables generally, and this may be further fuelled by the renewed emphasis on anti-ESG investing and anti-woke sentiment from the US. For example, we have seen the federal opposition’s recent announcement of its intention to revoke the Southern Ocean Offshore Wind Zone if elected, criticism from federal opposition leader, Peter Dutton, of ‘woke’ bankers who refuse lending to certain sectors on environmental grounds and a promise that, if elected, the opposition would unwind emissions reporting rules that came into effect on 1 January.

    Similarly, we may see community opposition and social licence challengers emboldened by that anti-ESG and anti-woke narrative. In the context of the build-out of generation and transmission projects, this may result in even more protracted stakeholder consultation and negotiations with underlying tenure owners, as well as legal challenges to approved and operating projects.

    Green lending and investment policies

    There is increased complexity and uncertainty around ESG investment and, as part of that, renewable energy investment. As discussed earlier, the political climate in the US has contributed to this and that climate is potentially emboldening certain local political players to more explicitly support policies that curb renewables investment. It may be that we see Australian businesses feeling pressure to follow what we have seen globally in terms of businesses withdrawing or distancing themselves from explicit climate-related commitments. However, we see limited evidence and rationale that this alone will drive a substantive diversion of capital away from the renewables sector, especially where the investment case for projects is commercially and scientifically compelling.

    Further, while we have seen certain anti-woke and anti-ESG sentiment echoed in Australia and specifically in the renewable sector, this has not been at the same level of intensity as in the US and so, from that perspective, it is another consideration for investors who are seeking to redeploy capital that was previously committed to US renewables projects, when assessing Australia as a relatively appealing destination.

    That said, shifts in sentiment against ESG agendas will certainly add to the already growing scrutiny from corporate, political and community stakeholders, and this may become more pronounced should there be a change of government at the next election. Against this backdrop, to ensure the Australian renewables sector can capitalise on the potential opportunities presented by the global reallocation of capital and resources, it has never been more important to demonstrate a compelling investment case to equity and debt investors. Crucially, this will involve continued work to overcome the many industry, community and project-level hurdles in the sector.

    Looking to the future

    Despite these local challenges, there remain many reasons why Australia should still be viewed as an attractive investment destination for renewable energy. The advantages Australia has in terms of its stable legal and political system (including bipartisan support for 2050 net zero targets and significant government support for industry at both state and federal level) and its vast, high quality renewable energy sources will continue to bolster Australia’s ability to compete for global capital flows.

    MIL OSI News –

  • MIL-OSI China: UK PM announces new 1.6-bln-pound deal for Ukraine to buy missiles

    Source: China State Council Information Office

    British Prime Minister Keir Starmer (L) shakes hands with visiting Ukrainian President Volodymyr Zelensky in front of 10 Downing Street in London, Britain, March 1, 2025. [Photo/Xinhua]

    British Prime Minister Keir Starmer announced on Sunday that Britain will allow Ukraine to use 1.6 billion pounds (2 billion U.S. dollars) of British export finance to purchase more than 5,000 air defense missiles.

    “This will be vital for protecting critical infrastructure and strengthening Ukraine,” Starmer told a press conference following a summit with Western leaders in London.

    The goal is “to put Ukraine in the strongest position” so the country can negotiate from a position of strength, he added.

    Western leaders, including more than a dozen European heads of state and Canadian Prime Minister Justin Trudeau, gathered in London on Sunday for a defense summit aimed at advancing a peace plan for Ukraine.

    Starmer said leaders at the summit had agreed on a four-step plan to guarantee peace in Ukraine: to maintain military aid to Ukraine while the conflict continues and increase economic pressure on Russia; to ensure that any lasting peace guarantees Ukraine’s sovereignty and security, with Ukraine at the table for any negotiations; to deter “any future invasion by Russia” in the event of a peace deal; and to establish a “coalition of the willing” to defend Ukraine and uphold peace in the country.

    The leaders also agreed to meet again soon to sustain the momentum behind these efforts, Starmer said.

    The prime minister reaffirmed Britain’s commitment to supporting the peace plan with “boots on the ground, and planes in the air.”

    “Europe must do the heavy lifting,” he said, emphasizing that the agreement needs U.S. backing.

    “Let me be clear, we agree with Trump on the urgent need for a durable peace. Now we need to deliver together,” he said.

    Earlier on Sunday before the summit, Starmer announced that Britain, France and Ukraine will work on a ceasefire plan to present to the United States. He named three essential points to achieve “lasting peace” — a strong Ukraine, a European element with security guarantees, and a U.S. backstop, with the last one being the subject of “intense” discussion.

    The summit took place amid diplomatic tensions, following a heated exchange earlier this week between Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump at the White House, which led to the cancellation of an anticipated raw materials agreement between the two countries.

    On Saturday, Zelensky met with Starmer at 10 Downing Street, where the British prime minister reaffirmed the UK’s “unwavering determination” to achieve lasting peace in Ukraine. Following the meeting, Ukrainian Finance Minister Serhiy Marchenko announced that Britain and Ukraine had agreed on a loan of 2.26 billion pounds to support Ukraine’s defense capabilities. (1 pound = 1.26 U.S. dollar) 

    MIL OSI China News –

  • MIL-OSI Australia: Appointment of new Austrade CEO

    Source: Minister for Trade

    The Albanese Government is pleased to announce the appointment of Dr Paul Grimes PSM as the new Chief Executive Officer of the Australian Trade and Investment Commission (Austrade).

    Austrade plays a critical role helping Australian businesses to grow and reach new markets, attract investment including to build a Future Made in Australia and promoting Australia as a premier destination for tourism and study.

    Having held a number of senior positions across state, federal and territory governments, Dr Grimes is a highly experienced public servant and brings a wealth of knowledge to the role. He has previously served as Secretary of the NSW Department of Treasury, as well as Secretary of the Federal Department of Agriculture and the Department of Sustainability, Environment, Population and Communities.

    Dr Grimes joins Austrade from his current positions as Chair of the NSW Net Zero Commission and Chair of the National Archives of Australia Advisory Council, among other roles.

    In recognition of his outstanding work in the development of the Australian Government’s response to the global financial crisis, he was awarded the Australian Public Service Medal in 2010.

    I look forward to working closely with him to continue to support local businesses to expand, reach new markets and create more jobs in Australia.

    I would like to give my thanks again to former CEO Mr Xavier Simonet for his distinguished service, and to Acting CEO, Daniel Boyer, for his strong and effective leadership of Austrade during the CEO transition period.

    MIL OSI News –

  • MIL-OSI Australia: ASEAN-Australia Centre grants and BRIDGE School Partnerships

    Source: Australian Government – Minister of Foreign Affairs

    I am pleased to announce the recipients of the ASEAN-Australia Centre’s 2024-25 grants program and the 38 schools selected for the BRIDGE school partnership program.

    The Centre’s initiatives support the implementation of Invested: Australia’s Southeast Asia Economic Strategy to 2040, through practical action that increases Australia’s business, cultural and community connections with the ASEAN Member States and Timor-Leste.

    The Centre is funding grants across three priority areas – creative industry exchanges, business and education initiatives and practical research to strengthen shared understanding and connection between Australia and Southeast Asia.

    Successful grant recipients will be listed on GrantConnect, and include:

    • support for young women entrepreneurs from Australia and ASEAN countries to scale-up their start-ups through business and investment connections
    • a visiting fellowship for ASEAN business and community leaders to share trends and opportunities with Australian businesses and communities
    • exchanges for Southeast Asian and Australian music industry professionals to enhance two-way trade
    • a football diplomacy program for women’s football administrators and players to strengthen cultural, professional and sporting connections in the lead up to Australia hosting the AFC Women’s Asian Cup in 2026; and
    • an initiative to enhance the supply of premium Australian horticultural produce to Southeast Asia and introduce the region’s next generation of chefs to the sustainability, traceability and quality of Australian produce.

    I also congratulate the 38 exceptional primary and secondary schools from Australia and Southeast Asia selected for the ASEAN-Australia BRIDGE School Partnerships Program – providing structured learning opportunities and building cross-cultural connections between educators and more than 300 students.

    These schools join a prestigious network of more than 1,200 schools that have participated in BRIDGE across the Indo-Pacific region since 2008.

    I look forward to seeing the enduring friendships that will emerge from the expanded program.

    MIL OSI News –

  • MIL-OSI: Apollo Names Shimpei Kanzaki as Japan Global Wealth Head

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, March 02, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced it has hired Shimpei Kanzaki as a Managing Director and Head of Japan Global Wealth. Kanzaki brings more than 20 years’ experience in alternative investments, private markets and the wealth management industry, and will report to Edward Moon, Partner and Head of Asia Pacific Global Wealth for Apollo.

    Moon said, “We are pleased to welcome Shimpei, who brings to Apollo significant industry experience and a proven track record of business building in the Japan wealth market. Following our successful expansion in Hong Kong and Singapore, we look forward to growing in Japan, expanding our product suite and partnering with Japanese distributors across wealth channels.”

    Apollo Partner and Chief Client and Product Development Officer Stephanie Drescher added, “Japan is a key growth market for Apollo, where we see our disciplined investment philosophy and strong focus on investor alignment resonate with clients. With Shimpei’s appointment, we are thrilled to grow our Wealth presence in Japan to help more clients access private market strategies and the potential excess return and diversification benefits we seek to provide.”

    Shimpei Kanzaki, Managing Director and Head of Japan Global Wealth at Apollo, said: “Apollo has a strong reputation as a leading alternative asset manager with an established track record originating investment-grade, yield-oriented assets. I am excited to join the firm to introduce our tailored solutions to Japanese investors by building strong partnerships with the leading distributors in Japan.”

    Prior to joining Apollo, Kanzaki was a Director at KKR and head of its wealth solutions business in Japan, after joining in 2022. Previously, he led the hedge funds product specialist team at UBS and held senior roles at Credit Suisse, Mirabaud, and Man Group, specializing in hedge fund strategies, portfolio management, and business development.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

    Investor and Media Relations Contacts

    For investors please contact:
    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    212-822-0540
    IR@apollo.com 

    For media inquiries please contact:
    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    212-822-0491
    Communications@apollo.com 

    The MIL Network –

  • MIL-OSI New Zealand: Annual Plan open now for public feedback

    Source: Auckland Council

    Auckland Council’s proposed Annual Plan 2025/2026 is open for public consultation, as the council invites all Aucklanders to have their say on its investment and services for the year ahead.

    The consultation also includes an opportunity to give feedback on the funding of events and destination marketing, and the priorities of local boards.

    The proposed Annual Plan 2025/2026 focuses on delivering the second year of the Long-term Plan 2024-2034. Consultation runs from 28 February-28 March 2025.

    Mayor Wayne Brown says it’s important Aucklanders have their say.

    “Council is here to serve Auckland ratepayers, and the Annual Plan is an opportunity for Aucklanders to speak up and have their say on what the council is focused on,” says Mayor Brown.  

    “We want the community’s thoughts on a bed night levy to fund major events like bringing the America’s Cup back to Auckland, hosting NRL rugby league matches, the ASB Classic and concerts like Coldplay and Taylor Swift.  None of these will happen without it, as I won’t rate struggling households to fill hotels.

    “This is also a chance to tell us what they want from their Local Boards and on the proposed rates for the next year. My message to Aucklanders is speak up, help inform our decision-making.”

    Auckland Council group chief financial officer Ross Tucker says the Annual Plan focuses on getting on with strengthening the financial and physical resilience of Auckland, while investing where it is needed most to manage growth.

    “This Annual Plan is about delivering on our Long-term Plan commitments, at a time when we know the cost of living is high for our ratepayers. This year we are prioritising investment in transport, water and fair funding for local communities,” says Mr Tucker.

    The plan sets out the proposed way to pay for services and investments, including a 5.8 per cent rates increase for the average value residential property, which is in line with the Long-term Plan.

    “We are also asking our communities for feedback on funding major events and destination marketing for the region. To help cover a shortfall in funding that was outlined in the Long-term Plan, the council would like to see the introduction of a bed night visitor levy,” says Mr Tucker.

    “The levy requires new legislation and, to inform the government, the council would like to hear Aucklanders’ views on a bed night visitor levy that could help raise $27 million and not just meet the shortfall, but fund even more destination management, marketing and major events activities in Auckland.”

    Local board agreements

    The final Annual Plan 2025/2026 will also set out local board agreements – with each of the 21 local boards setting out priorities for their community and where funds will be invested.

    A fairer funding approach will begin to be phased in for the Annual Plan 2025/2026 to enable local boards to better respond to the needs of their communities, by addressing funding imbalances between the 21 local boards.

    “Each local board’s priorities for the year are included in the Consultation Document,” says Mr Tucker. “Local boards provide a wide range of services such as local parks, libraries, pools, community facilities, and local art and environment activities, along with community events.

    “This makes their plans and priorities really relevant at a local level, and we encourage Aucklanders to take a look at what is planned by their local board, and provide feedback.”

    While the council is not proposing significant changes to services or investment levels compared with what is in the Long-term Plan, it is important to check in each year with all Aucklanders in our communities, to make sure plans are still on the right track.

    Additional proposals

    There are some proposed changes to targeted rates, fees and charges – including refuse collection being rolled out in North Shore, Waitākere and Papakura, and targeted rates for refuse in Franklin and Rodney. There are also some changes for fees relating to additional council services, such as dog adoption, cemetery and cremation, and bach fees.

    “We are also seeking input on the annual plan for Tūpuna Maunga Authority, which governs the 14 Tūpuna Maunga (ancestral mountains) of Tāmaki Makaurau. Public feedback is an important part of developing these plans.”

    The Annual Plan 2025/2026 Consultation Document for feedback is available online at akhaveyoursay.nz/ourplan.

    Want to learn more?

    Join our online information session where you can hear more from the Auckland Council Finance team about the topics we are consulting on in this annual plan.

    You can also ask questions to subject matter experts.

    Wednesday 5 March 2025

    6pm to 7.30pm

    Register for the Annual Plan 2025/2026 Online Information Session via akhaveyoursay.nz/ourplan (events).

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Sydney to host global superannuation summit

    Source: New South Wales Ministerial News

    Published: 3 March 2025

    Released by: Treasurer

    Treasurer Daniel Mookhey will host global superannuation leaders in Sydney in the second half of this year, following the success of an inaugural gathering of the Australian sector in the US last week.

    The Sydney Superannuation Summit will build on the NSW capital’s steadily growing position as the financial hub of the Asia Pacific.

    Last week’s landmark Australian Superannuation International Summit, hosted by US Ambassador Kevin Rudd in Washington and New York, brought together Australia’s biggest funds to showcase their potential on the world stage.

    Together the Australian funds invest $631.6 billion into the US economy.

    Financial leaders addressing the summit included US Treasury Secretary Scott Bessent and Australian Treasurer Jim Chalmers.

    NSW Treasury Corp chief executive David Deverall told the gathering how Sydney’s status as the financial services hub of the Asia Pacific had evolved.

    Mr Deverall said Sydney’s economic strength was underpinned by a strong investment pipeline, a large skilled workforce and advanced digital infrastructure.

    He said that Sydney is home to the country’s biggest banks, and that it dominates Australia’s venture capital and private equity activity in Australia.

    Nearly 60 per cent of Australian venture capital is in NSW. Mr Deverall told the summit Sydney’s advanced digital infrastructure and willingness to embrace innovation had made it an attractive place for businesses to start and grow.

    Sydney produces half of Australia’s business “unicorns”, or those valued above USD$1 billion, and almost three quarters of those on the way to reaching that threshold. 

    It is a world leader in research output per capita, a strength which plays into its financial and tech workforce and is reflected in a steady supply of qualified graduates from its universities.

    It is ranked fourth in the world as the most popular investment destination for foreign investors, after Dubai, London and Singapore, according to Investment Monitor.

    Australian superannuation funds manage a total $4 trillion in assets.

    Treasurer Daniel Mookhey said:

    “The Sydney Superannuation Summit will leverage our strength as the financial hub of the Asia Pacific.

    “Half of Australia’s businesses unicorns were born right here in NSW.  They’ve been able to grow because of the high value we place on innovation and technological development.

    “Sydney ranks in the top five of the most popular investment destinations around the world.  Our Summit is an opportunity to harness that momentum.”

    MIL OSI News –

  • MIL-OSI New Zealand: Going for growth in exports and aquaculture

    Source: New Zealand Government

    The Coalition Government is going for growth by unlocking additional exports and creating jobs in the aquaculture industry Oceans and Fisheries Minister Shane Jones and Minister for Agriculture, and Trade and Investment Todd McClay announced today.

    The two ministers have confirmed support for salmon farming which is estimated to create an additional sector wide $500m of salmon exports by 2035. 

    “The Coalition Government will be co-investing $11.72 million over five years from the Sustainable Food and Fibre Futures fund as part of a $29.3 million programme, led by New Zealand King Salmon to increase production and drive up exports, Minister McClay says. 

    The joint project will look at ways to expand salmon farming around New Zealand including in deep water while continuing to meet environmental obligations.”

    “The ‘Future Salmon Farming Programme’ will prove the viability of open ocean farming for the King Salmon species to make New Zealand a leading global supplier for this high value product.

    “It will also drive innovation, allowing fish farmers to maximise productivity and profitability and get a better return for their product.”  

    “We expect this investment to boost exports and produce more higher paying jobs in our regions,” Todd McClay said.  

    Minister Shane Jones says this is another example of the Coalition Government’s commitment to growing the aquaculture industry and supporting innovation in the sector, to the benefit of all New Zealanders.

    “We have a strong track record of supporting New Zealand aquaculture, including investing in projects to boost mussel spat availability, extending the resource consents for marine farms, and listing seven aquaculture projects in the Fast-Track Bill, which includes two new open ocean salmon farms.

    “It’s clear that open ocean aquaculture is going to be key for the industry’s growth. These farms will increase our capacity for farmed salmon by 40,000 tonnes annually in addition to the expected 10,000 tonnes from New Zealand King Salmon’s pilot open ocean farm.”

    “The Coalition Government has got big plans for the aquaculture sector, which I’ll be releasing in full soon. Open ocean salmon farming is a big part of these plans, as it directly supports our focus on delivering profitable, resilient, and sustainable marine farms around New Zealand, that work for the regions, Māori, our marine farmers, and the economy as a whole,” Mr Jones says.

    MIL OSI New Zealand News –

  • MIL-OSI United Kingdom: Historic £1.6bn deal provides thousands of air defence missiles for Ukraine and boosts UK jobs and growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Historic £1.6bn deal provides thousands of air defence missiles for Ukraine and boosts UK jobs and growth

    Deal will create 200 jobs in Northern Ireland and provide 5000 air defence missiles missiles to Ukraine.

    200 new jobs will be created and hundreds more supported at one of the UK’s leading defence manufacturers, after a £1.6bn deal was announced by the Prime Minister today to supply thousands of advanced air defence missiles to Ukraine.

    The latest measures in the UK’s support for Ukraine to achieve peace through strength, the deal will also provide a major boost to the UK economy and support 700 existing jobs at Thales in Belfast, which will manufacture more than 5,000 lightweight-multirole missiles (LMM) for Ukraine’s defence. The deal will see production of LMMs at Thales’s factory treble and will also benefit companies in the Thales Supply Chain across the UK – putting more money in working people’s pockets.

    It is the largest contract ever received by Thales in Belfast and the second largest MOD has placed with Thales, building on a previous contract with Thales, signed in September 2024 for 650 missiles. The first batch of missiles were delivered before Christmas, and this new contract will continue deliveries.

    The deal comes after the Prime Minister announced the Government’s commitment to increase spending on defence to 2.5% of GDP by April 2027 and confirmed an ambition to spend 3% of GDP on defence in the next parliament, in order to keep Britain safe and secure for generations to come. This investment will be an opportunity to translate defence spending into British growth, British jobs, British skills, and British innovation.

    The deal helps deliver on the Government’s pledge in its Plan for Change to improve the lives of people in every corner of the UK by growing the economy. By spending more on defence we will deliver the national security that underpins economic growth, and unlock new jobs, skills and opportunities across the country. 

    Prime Minister Keir Starmer said:

    My support for Ukraine is unwavering. I am determined to find a way forward that brings an end to Russia’s illegal war and guarantees Ukraine a lasting peace based on sovereignty and security.

    I am also clear that national security is economic security. As well as levelling up Ukraine’s air defence, this loan will make working people here in the UK better off, boosting our economy and supporting jobs in Northern Ireland and beyond.

    By doubling down on our support, working closely with key partners, and ensuring Ukraine has a strong voice at the table, I believe we can achieve a strong, lasting deal that delivers a permanent peace in Ukraine.

    Defence Secretary John Healey MP said:

    Three years since Putin launched his full-scale invasion, we are now at a critical moment for the future of Ukraine and the security of us all in Europe. 

    We all want a secure and lasting peace. As today’s meeting has showed, the UK will continue to lead international efforts to support Ukraine in securing a ceasefire and durable peace. And we will not jeopardise the peace by forgetting about the war. This new support will help protect Ukraine against drone and missile attacks but it will also help deter further Russian aggression following any end to the fighting.

    This new deal delivers on the UK’s ironclad commitment to step up military support for Ukraine, whilst boosting jobs and growth at home.

    ​Today’s deal marks a historic step for industrial relations between the UK and Ukraine, building on the 100 Year Partnership signed recently by the Prime Minister and President Zelenskyy in Kyiv. The contract will enable Ukraine to draw on £3.5bn of export finance to acquire military equipment from UK companies, boosting both the UK’s and Ukraine’s defence industrial bases and support investment in further military capabilities.

    Ukraine has already put the highly capable LMM missile to use as part of its air defences where it has proven to be incredibly effective in protecting civilians and critical infrastructure from Russia’s bombardment. A £162m contract announced in September last year saw 650 LMM missiles supplied to Ukraine as an initial order to ramp up production – deliveries started in December 2024.

    Thales Northern Ireland will deliver the contract – worth an initial £1.16bn with the potential for around a further £500m of work to be added – in collaboration with a Ukrainian industry partner, which will manufacture launchers and command and control vehicles for the missiles in Ukraine.

    The contract has been placed by the MOD’s procurement arm Defence Equipment & Support on behalf of the Ukrainian Government, to be funded by a loan underwritten by United Kingdom Export Finance (UKEF) after a deal signed last year to allow Ukraine to draw on £3.5bn worth of support from UKEF to spend with UK industry.

    As set out in the Plan for Change, national security is the first duty of the Government – and a strong economy is built on the bedrock of strong security. Increased defence spending will support highly skilled jobs and apprenticeships across the whole of the UK. Last year, defence spending supported over 430,000 jobs across the UK, the equivalent to one in every 60, and 68% of defence spending goes outside of London and the Southeast, benefitting every nation and region of the country.

    Andy Start, DE&S CEO and UK National Armaments Director said:

    The UK’s Defence Industry has supported Ukraine from the start of the war and this important contract underlines industry’s ability to scale up production at pace to deliver the world-class defence equipment Ukraine requires.

     This contract is a critical next step in the work of Task Force HIRST in developing lasting partnerships between the UK and Ukraine’s defence industries. The substantial increase in LMM production capacity will benefit both Ukraine’s fight tonight, as well as the longer-term security of the UK.

    The deal marks the next milestone in the work of the MOD’s Taskforce HIRST and the first of a series of “mega projects” to be delivered for Ukraine, with the HIRST team working to build long-term relationships with Ukrainian industry to restore and modernise their defence industrial base, support its future defence and economic growth.

    Earlier this month, the Defence Secretary announced a new £150m military support package to support Ukrainian troops fighting Russia on the frontline, part of the UK’s unprecedented £3 billion annual pledge to Ukraine.

    The UK has committed to spending £3bn next financial year to support Ukraine, with an additional £1.5bn from interest on seized assets through the Extraordinary Revenue Accelerator – taking the total to £4.5Bn. This will ensure Ukraine can achieve peace through strength and underscoring the new 100 Year Partnership between the UK and Ukraine.

    Updates to this page

    Published 2 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: PM remarks at international leaders’ summit press conference: 2 March 2025

    Source: United Kingdom – Executive Government & Departments

    Speech

    PM remarks at international leaders’ summit press conference: 2 March 2025

    The Prime Minister’s remarks at the International Leaders summit press conference in London.

    Good afternoon. 

    The first priority of this government – of any government…

    Is the security and safety of the British people…

    To defend the national interest…

    Particularly in these volatile times.

    That’s why, last week…

    I announced the biggest sustained increase in defence spending since the Cold War.

    That’s also why I met President Trump last week…

    To strengthen our relationship with America –

    As indispensable partners in defence and security. 

    And it’s why, this weekend, I have been hosting European leaders here in London…

    To work together…

    For the security of the United Kingdom, Ukraine and Europe as a whole.

    Through my discussions over recent days…

    We have agreed that the UK, France and others…

    Will work with Ukraine on a plan to stop the fighting…

    Then we’ll discuss that plan with the United States…

    And take it forward together. 

    The purpose of today’s meeting was to unite our partners around this effort…

    To strengthen Ukraine…

    And to support a just and enduring peace… 

    For the good of all of us. 

    Our starting point must be…

    To put Ukraine in the strongest possible position now…

    So that they can negotiate from a position of strength. 

    And we are doubling down in our support.

    Yesterday evening…

    The UK signed a £2.2 billion loan…

    To provide more military aid to Ukraine –

    Backed, not by the British taxpayer…

    But by the profits from frozen Russian assets.

    And today, I am announcing a new deal…

    Which allows Ukraine to use £1.6 billion of UK Export Finance…

    To buy more than 5,000 air defence missiles…

    Which will be made in Belfast…

    Creating jobs in our brilliant defence sector.

    This will be vital for protecting critical infrastructure now…

    And strengthening Ukraine in securing the peace, when it comes.

    Because we have to learn from the mistakes of the past. 

    We cannot accept a weak deal like Minsk – 

    Which Russia can breach with ease.

    Instead, any deal must be backed by strength. 

    Every nation must contribute to that in the best way that it can. 

    Bringing different capabilities and support to the table…

    But all taking responsibility to act…

    All stepping up to their own share of the burden. 

    So we agreed some important steps today. 

    First, we will keep the military aid flowing and keep increasing the economic pressure on Russia…

    To strengthen Ukraine now. 

    Second, we agreed that any lasting peace must ensure Ukraine’s sovereignty and security. 

    And Ukraine must be at the table. 

    Third, in the event of a peace deal…

    We will keep boosting Ukraine’s own defensive capabilities…

    To deter any future invasion. 

    Fourth, we will go further to develop a “coalition of the willing” to defend a deal in Ukraine…

    And to guarantee the peace.

    Not every nation will feel able to contribute. 

    But that can’t mean we sit back. 

    Instead, those willing will intensify planning now – with real urgency.

    The UK is prepared to back this…

    With boots on the ground, and planes in the air…

    Together with others. 

    Europe must do the heavy lifting…

    But to support peace on our continent.

    And to succeed, this effort must have strong US backing.

    We’re working with the US on this point, after my meeting with President Trump last week. 

    And let me be clear – we agree with the President on the urgent need for a durable peace.

    Now we need to deliver, together. 

    Finally, we agreed that leaders will meet again very soon…

    To keep the pace behind these actions…

    And to keep working towards this shared plan.

    We are at a crossroads in history today. 

    This is not a moment for more talk – 

    It is time to act….

    Time to step up and lead…

    And to unite around a new plan…

    For a just and enduring peace.

    Thank you.

    Updates to this page

    Published 2 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Triathlon test event staged

    Source: Hong Kong Information Services

    A test event for the 15th National Games Triathlon was staged at Central Harbourfront and Victoria Harbour yesterday and today.

    Around 110 athletes from the Mainland, Macau and Hong Kong participated in the two-day event.

    In the first-ever mixed relay event held in Hong Kong, the Hong Kong team claimed the bronze medal.

    Head of the National Games Coordination Office (Hong Kong) Yeung Tak-keung said the race route, ending at the Central Harboufont Event Space, was varied.

    The athletes ran past a number of Hong Kong landmarks, including the Convention & Exhibition Centre, the Central Government Offices, the Legislative Council Complex, and the Observation Wheel.

    The cycling route was between Golden Bauhinia Square and the International Finance Centre, taking in the dramatic backdrop of Central and Victoria Harbour.

    A stand for spectators was in place at the Central Harbourfront Event Space, giving audience members a close view of participants crossing the finish line.

    The event tested various operations and procedures, race arrangements, venue setup, information systems, security, medical services, accommodation, hospitality, food and beverage services, transportation, contingency plans, and more.

    Mr Yeung said the office will review the event procedures and other details with relevant organisations and government departments with a view to preparing for official events due to be held at the end of this year.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Ellomay Capital Announces Execution of Project Finance Agreements for its 198 MW Solar Portfolio in Italy

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, March 02, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, today reported that its wholly-owned subsidiary, Ellomay Holdings Luxembourg Sarl (“Ellomay Luxembourg”), which owns a portfolio of 198 MW solar facilities in Italy, among other assets, that includes operating and “ready to build” projects (the “Italian Solar Portfolio”), entered into a set of agreements governing the procurement of financing (the “Project Finance”) with a reputable European institutional investor (the “Lender”), intended to finance the construction and related expenses of the Italian Solar Portfolio. The Italian Solar Portfolio includes three solar facilities, in the aggregate capacity of approximately 38 MW, which are already constructed and connected to the grid, and additional projects with an aggregate capacity of approximately 160 MW that have reached ready-to-build status.

    The Project Finance in an amount of up to €110 million will be provided by way of senior secured notes to be issued in multiple tranches during the construction phase by a wholly-owned subsidiary of Ellomay Luxembourg. All notes are due on December 31, 2047 and to be repaid in semi-annual installments. The notes bear interest from and including the issue date to and excluding the maturity date at the rate of 4.50% per annum, to be paid semi-annually in arrears.

    The financial closing of the Project Finance is expected to occur in the coming weeks.

    About Ellomay Capital Ltd.

    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel.

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and approximately 38 MW of operating solar power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • Solar projects in Italy with an aggregate capacity of 285 MW that have reached “ready to build” status; and
    • Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of 49 MW that are under construction.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including the non-fulfillment of any of the conditions to closing set forth in the Project Finance documentation, changes in electricity prices and demand, regulatory changes, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of the war and hostilities in Israel and Gaza, the impact of continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com

    The MIL Network –

  • MIL-OSI USA News: Addressing the Threat to National Security from Imports of Timber, Lumber

    Source: The White House

    class=”has-text-align-left”>By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862) (Trade Expansion Act), it is hereby ordered:

    Section 1.  Policy.  The wood products industry, composed of timber, lumber, and their derivative products (such as paper products, furniture, and cabinetry) is a critical manufacturing industry essential to the national security, economic strength, and industrial resilience of the United States.  This industry plays a vital role in key downstream civilian industries, including construction.

    The United States faces significant vulnerabilities in the wood supply chain from imported timber, lumber, and their derivative products being dumped onto the United States market.

    The United States has ample timber resources.  The current United States softwood lumber industry has the practical production capacity to supply 95 percent of the United States’ 2024 softwood consumption.  Yet, since 2016 the United States has been a net importer of lumber.

    Wood products are a key input used by both the civilian construction industry and the military.  Each year, the United States military spends over 10 billion dollars on construction.  The military also invests in innovative building material technology, including processes to create innovative wood products such as cross-laminated timber.  The procurement of these building materials depends on a strong domestic lumber industry and a manufacturing base capable of meeting both military-specific and wider civilian needs.

    It is the policy of the United States to ensure reliable, secure, and resilient domestic supply chains of timber, lumber, and their derivative products.  Unfair subsidies and foreign government support for foreign timber, lumber, and their derivative products necessitate action under section 232 of the Trade Expansion Act to determine whether imports of these products threaten to impair national security.

    Sec. 2.  Investigation.  (a)  The Secretary of Commerce shall initiate an investigation under section 232 of the Trade Expansion Act to determine the effects on the national security of imports of timber, lumber, and their derivative products.

    (b)  In conducting the investigation described in subsection (a) of this section, the Secretary of Commerce shall assess the factors set forth in 19 U.S.C. 1862(d), labeled “Domestic production for national defense; impact of foreign competition on economic welfare of domestic industries,” as well as other relevant factors, including:

    (i)    the current and projected demand for timber and lumber in the United States;

    (ii)   the extent to which domestic production of timber and lumber can meet domestic demand;

    (iii)  the role of foreign supply chains, particularly of major exporters, in meeting United States timber and lumber demand;

    (iv)   the impact of foreign government subsidies and predatory trade practices on United States timber, lumber, and derivative product industry competitiveness;

    (v)    the feasibility of increasing domestic timber and lumber capacity to reduce imports; and

    (vi)   the impact of current trade policies on domestic timber, lumber, and derivative product production, and whether additional measures, including tariffs or quotas, are necessary to protect national security.

    Sec. 3.  Required Actions.  (a)  The Secretary of Commerce shall consult with the Secretary of Defense and the heads of other relevant executive departments and agencies as determined by the Secretary of Commerce to evaluate the national security risks associated with imports of timber, lumber, and their derivative products.

    (b)  No later than 270 days after the date of this order, the Secretary of Commerce shall submit a report to the President that includes:

    (i)    findings on whether imports of timber, lumber, and their derivative products threaten national security;

    (ii)   recommendations on actions to mitigate such threats, including potential tariffs, export controls, or incentives to increase domestic production; and

    (iii)  policy recommendations for strengthening the United States timber and lumber supply chain through strategic investments and permitting reforms.

    Sec. 4.  Definitions.  As used in this order:

    (a)  The term “timber” refers to wood that has not been processed.

    (b)  The term “lumber” refers to wood that has been processed, including wood that has been milled and cut into boards or planks.

    Sec. 5.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

    (i)   the authority granted by law to an executive department or agency, or the head thereof; or

    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

    THE WHITE HOUSE,
        March 1, 2025.

    MIL OSI USA News –

  • MIL-OSI Australia: Arrest – Aggravated assault – Roper Gulf Region

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has arrested 29-year-old male in relation to an aggravated assault that occurred overnight in a community in the Roper Gulf Region.

    Around 9:10pm, police received a report that a 20-year-old female had been assaulted multiple times with an edged weapon in Beswick community. The victim was presented at the local clinic with stab wounds to the abdomen, back and legs.

    It is alleged the victim was assaulted by her partner at their residential address before he drove her to the local clinic for medical assistance. 

    The victim was stabilised by Care Flight at the clinic before being conveyed to Royal Darwin Hospital for treatment where she remains in a critical condition.

    Following the incident, family members from both parties allegedly began creating disturbances outside the health clinic.

    Katherine and Mataranka police were deployed to the community to manage the unrest and investigate.

    A 29-year-old male was arrested at the scene and remains in police custody.

    Katherine Criminal Investigations Branch has carriage and investigations are ongoing.

    Police urge anyone with information about the incident to make contact on 131 444. Please quote reference number P25058832.

      Anonymous reports can be made through Crime Stoppers on 1800 333 000.

    MIL OSI News –

  • MIL-OSI United Kingdom: UK reinforces support for Ukraine with £2.26 billion loan to bolster Ukrainian defence capabilities

    Source: United Kingdom – Government Statements

    Press release

    UK reinforces support for Ukraine with £2.26 billion loan to bolster Ukrainian defence capabilities

    Chancellor Rachel Reeves and Ukraine’s Finance Minister Sergii Marchenko will today (Saturday 1 March) sign the UK-Ukraine Bilateral agreement.

    • The £2.26 billion loan will bolster Ukrainian military capability, and will be paid back using profits generated on sanctioned Russian sovereign assets.
    • Chancellor Rachel Reeves and Ukrainian Finance Minister Sergii Marchenko will sign the formal loan agreement today (Saturday 1 March), with the first tranche of funding expected to reach Ukraine later next week.
    • The loan demonstrates the UK’s commitment to Ukrainian defence. A strong Ukraine is vital to UK national security – the first duty of any government and central to the Plan for Change.

    Chancellor Rachel Reeves and Ukraine’s Finance Minister Sergii Marchenko will today (Saturday 1 March) sign the UK-Ukraine Bilateral agreement.

    This agreement will deliver £2.26 billion in funding to Ukraine, which will be paid back using the extraordinary profits generated on sanctioned Russian sovereign assets held in the EU.

    This is the UK’s contribution to the G7 Extraordinary Revenue Acceleration (ERA) Loans to Ukraine scheme, through which G7 countries will collectively provide $50 billion to support Ukraine.

    Chancellor of the Exchequer Rachel Reeves said:

    A safe and secure Ukraine is a safe and secure United Kingdom. This funding will bolster Ukraine’s armed forces and will put Ukraine in the strongest possible position at a critical juncture in the war.

    It comes as we have increased our defence spending to 2.5% of GDP, which will deliver the stability required to keep us safe and underpin economic growth.

    The loan will be fully earmarked for military procurement to bolster Ukraine’s defences, with the first tranche of funding expected to be disbursed to Ukraine next week.

    Russia’s obligation under international law to pay for the damage it has caused to Ukraine is clear and this G7 agreement, backed by the profits generated on sanctioned Russian sovereign assets, is an important step to ensuring this happens.

    The funding will be delivered in three equal annual payments of £752m.

    The announcement of the loan agreement is on top of the £3 billion a year commitment by the UK to provide military aid for Ukraine. The Prime Minister has been clear that a strong Ukraine is vital to UK national security.

    This loan follows the announcement by the Prime Minister committing the Government to increase UK defence spending to 2.5% of GDP by 2027, with an ambition to spend 3% of GDP on defence in the next parliament as economic and fiscal conditions allow.

    This represents the biggest sustained increase in defence spending since the Cold War, safeguarding our collective security and funding the capabilities, technology and industrial capacity needed to keep the UK and our allies safe for generations to come.

    As set out in the Plan for Change, national security is the first duty of the government, and investment in defence will protect UK citizens from threats at home while also creating a secure and stable environment for economic growth.

    Updates to this page

    Published 1 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI: InfinixChain Introduces EVM-Compatible Layer 2 Blockchain Focused on Scalability and Low Fees

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, March 01, 2025 (GLOBE NEWSWIRE) — InfinixChain, a newly launched Layer 2 blockchain, is introducing an EVM-compatible network designed to enhance scalability, reduce transaction costs, and improve transaction speeds. The project aims to provide a robust infrastructure for decentralized applications (dApps) across sectors including DeFi, NFTs, and GameFi.

    Key Features of InfinixChain

    InfinixChain offers compatibility with Ethereum-based applications, allowing seamless integration for developers and users. Key technical features include:

    • EVM Compatibility: Supports Ethereum-based smart contracts, facilitating easy migration.
    • Ultra-Fast Transactions: High throughput and low latency, ensuring smooth operations.
    • Low Transaction Fees: Cost-effective transactions compared to traditional Layer 1 blockchains.
    • Scalability: Built to handle high transaction volumes without congestion.
    • Robust Security: Advanced security protocols to protect user assets.
    • Decentralized Finance (DeFi) Integration: Supports staking, lending, and other decentralized financial applications.
    • NFT and GameFi Support: Empowering digital asset creation, gaming ecosystems, and metaverse applications.
    • Sustainable Ecosystem: Designed for long-term adoption with continuous upgrades and community-driven development.

    Token Sale and Availability

    InfinixChain has initiated a token presale phase, offering early access to its native token. According to the project’s website, the presale price is set at $0.01 per token, with a planned launch price of $0.05.

    Interested participants can acquire tokens through the project’s official website by connecting their crypto wallets. Further details on the tokenomics, governance model, and roadmap are available on the platform.

    Future Outlook

    With its focus on scalability and cost efficiency, InfinixChain seeks to provide a viable solution for developers and users in the blockchain space. The project aims to foster adoption by offering compatibility with existing Ethereum-based applications and supporting various decentralized use cases.

    About InfinixChain

    InfinixChain is a Layer 2 blockchain designed to enhance scalability, reduce transaction costs, and improve transaction speeds while maintaining full compatibility with Ethereum-based applications. The platform supports a diverse ecosystem, including DeFi, NFTs, GameFi, and other decentralized applications. With a focus on security, efficiency, and long-term sustainability, InfinixChain aims to provide a robust infrastructure for developers and users in the blockchain space.

    For more information, users can visit InfinixChain.com.

    Telegram: https://t.me/InfinixChainOfficial

    Twitter (X): https://x.com/infinixchain

    Contact

    Adam Ali
    InfinixChain
    info@infinixchain.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/127f472e-3ba0-4f2f-a94a-44cedd009d9b

    The MIL Network –

  • MIL-OSI Security: Hardin County, Kentucky, Man Sentenced to Four Years in Federal Prison for Mailing Threats to Kill and Extort

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Louisville, KY – A Hardin County, Kentucky man was sentenced yesterday to 4 years in prison for mailing letters with threats to kill and extort.

    U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Kentucky Attorney General Russell Coleman, Special Agent in Charge Michael E. Stansbury of the FBI Louisville Field Office, Commissioner Phillip Burnett, Jr. of the Kentucky State Police, and Chief Jeremy Thompson of the Elizabethtown Police Department made the announcement.

    According to court documents, Kyle Miller, 21, was sentenced to 4 years in federal prison, followed by 3 years supervised release, for mailing threatening communications with threats to kill and extort. On July 6, 2023, August 28, 2023, and October 16, 2023, Miller mailed letters to a victim containing threats to kill. On January 28, 2024, Miller mailed letters to a victim containing threats to kill and extort. On October 13, 2023, Miller mailed a letter to a victim containing a threat to kill.

    There is no parole in the federal system.   

    This case was investigated by the FBI, KSP and Elizabethtown Police Department.

    Assistant U.S. Attorney Erwin Roberts prosecuted the case.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Former Fort Campbell Soldier Sentenced to More Than Five Years in Federal Prison for Child Exploitation Offenses

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Paducah, KY – A former Fort Campbell soldier was sentenced last week to 5 years and 4 months in federal prison for receiving and distributing child pornography.     

    U.S. Attorney Michael A. Bennett of the Western District of Kentucky and Special Agent in Charge Michael E. Stansbury of the Federal Bureau of Investigation Louisville Field Office made the announcement.

    According to court documents, Brett Nicolas Ellison, 24, was sentenced to 5 years and 4 months in prison, followed by 5 years of supervised release, for one count of receipt of child pornography and one count of possession of child pornography. Between November 2019 and June 2022, Ellison received and possessed child sexual abuse material while he was a soldier stationed at the Fort Campbell Army Post, possessing over 90 images and 70 videos containing child sexual abuse material.

    Ellison was also ordered to pay $57,000 in restitution to victims.

    There is no parole in the federal system.

    This case was investigated by the FBI Hopkinsville Satellite Office and Army CID.

    Assistant U.S. Attorney Raymond McGee, of the U.S. Attorney’s Paducah Branch Office, prosecuted the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.usdoj.gov/psc. For more information about internet safety education, please visit www.usdoj.gov/psc and click on the tab “resources.”

    ###

    MIL Security OSI –

  • MIL-OSI Security: Federal Grand Jury in Louisville Indicts Three Illegal Aliens

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Louisville, KY – A federal grand jury in Louisville, Kentucky, returned indictments on February 19, 2025, charging 3 illegal aliens with federal criminal offenses.   

    U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Special Agent in Charge Michael E. Stansbury of the FBI Louisville Field Office, Special Agent in Charge Rana Saoud of Homeland Security Investigations, Nashville, Police Chief Mike Canon of the Calvert City Police Department, and Sam Olson, Field Office Director for Enforcement and Removal Operations (ERO) Chicago, U.S. Immigration Customs Enforcement made the announcement.

    According to the indictments:

    Juan Baltazar Felipe-Pedro, age 26, a citizen of Guatemala, was charged with reentry after deportation or removal. On or about January 23, 2025, Felipe-Pedro was an alien found in the United States after having been denied admission, excluded, deported, and removed from the United States on or about April 25, 2019. If convicted he faces a maximum sentence of 2 years in prison. This case is being investigated by HSI and ICE/ERO.

    Jhoandiris Jimenez-Barrio, age 26, and Yirvel Yonaker Rios-Castro, age 20, citizens of Venezuela, were indicted for conspiracy to commit bank larceny and attempted bank larceny. On or about January 31, 2025, they conspired with each other and others to break into and steal money from an automated teller machine (ATM). They traveled to a bank in Calvert City, Kentucky and attempted to open an ATM to steal money. Homeland Security Investigations verified that Jimenez-Barrio and Rios-Castro are Venezuelan and entered the United States illegally. If convicted, the men face a maximum sentence of 50 years in prison. The case is being investigated by the FBI, Calvert City Police Department, and HSI.

    A federal district court judge will determine any sentence after considering the sentencing guidelines and other statutory factors.

    There is no parole in the federal system.

    Assistant U.S. Attorneys A. Spencer McKiness, Seth Hancock, and Raymond McGee are prosecuting the cases.

    An 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 –

  • MIL-OSI Security: Kansas Man Sentenced for Crimes Related to Child Sexual Abuse

    Source: Federal Bureau of Investigation (FBI) State Crime News

    KANSAS CITY, KAN. – A Kansas man received a combined sentence of 87 months in prison after pleading guilty in two separate cases related to criminal misconduct involving minors.

    According to court documents, Daniel Paul Prekopa, 46, of Wichita pleaded guilty to one count of attempted travel with intent to engage in illicit sexual conduct. In a separate case, Prekopa pleaded guilty to one count of possession of child sexual abuse materials.

    In September 2023, the National Center for Missing and Exploited Children (NCMEC) notified the Wichita Police Department about a cybertip concerning child sexual abuse materials uploaded to a Dropbox account. Law enforcement confirmed through investigation that the account to belonged to Prekopa.  The materials depicted children under the age of 12 years old engaged in sexual conduct. 

    In a separate investigation in September 2023, the Federal Bureau of Investigation (FBI) Child Exploitation Task Force engaged in covert chat sessions on platforms known to be frequented by adults attempting to lure children into sexual acts. An undercover agent posing as a minor received a direct message from a user later to be confirmed as Daniel Prekopa. Prekopa sent provocative photos of himself and made sexually illicit comments during multiple exchanges with whom he thought to be a minor, at one point writing, “I could get in major trouble since you’re under 16. But idc either” and “And you have damn cops online trying to catfish people to get them in trouble”.

    FBI agents arrested Prekopa after he traveled from Kansas City, Missouri, to Overland Park, Kansas, for the intended purpose of engaging in illicit sexual conduct with a person under the age of 18.

    The Federal Bureau of Investigation (FBI), Kansas Internet Crimes Against Children Task Force (ICAC),  and the Wichita Police Department investigated the cases.

    Assistant U.S. Attorney Faiza Alhambra prosecuted the cases.

    Project Safe Childhood
    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc. 
    ###
     

    MIL Security OSI –

  • MIL-OSI Economics: Finance in Common Summit urges global development finance institutions to harness collective power to address global poverty

    Source: African Development Bank Group
    The fifth edition of the Finance in Common Summit (FiCS) concluded on Friday in Cape Town, South Africa, with strong calls for global development finance institutions to work together to address poverty and development challenges. South African Finance Minister Enoch Godongwana led the call.

    MIL OSI Economics –

  • MIL-OSI NGOs: Over 500,000 people demand oil & gas companies pay for climate damages

    Source: Greenpeace Statement –

    Cape Town, February 28, 2024 — Greenpeace Africa delivered on Friday 28th February a global petition on behalf of more than half a million people, calling on governments to force fossil fuel companies to “stop their climate wrecking activities” and “repair and pay for the damage they have caused.” The petition was handed over to a coalition of 17 countries and groups currently reviewing “polluter pays” levies [1] at the sidelines of the meeting of the Finance in Commons Summit in Cape Town.[2] In parallel, Cape Town’s iconic Table Mountain National Park is being consumed by wildfires, in the midst of the worst drought in more than 100 years across Southern Africa.[3]

    Sherelee Odayar, Greenpeace Africa’s Oil and Gas Campaigner, said: “It is unfair to expect that ordinary people will face the climate crisis with cents and rands, while the polluters in chief will pocket billions. It is also impractical: Most world governments simply cannot afford to provide climate solutions at the needed scale. Drought, extreme heat, storms, floods and fires are disproportionately affecting Africa and other Global Majority countries. Science and technology can help bring relief, now governments must make polluters pay to deliver justice and raise the necessary funds.”  

    Signatures by people from Africa, the Middle East, Europe, North America, and Southeast Asia were collected between 2023-24, the two hottest years since records began, replete with extreme weather events fuelled by greenhouse gas emissions from the oil and gas industry. At the same, five oil and gas corporations alone reported over US$100 billion cumulatively in profit for last year. 

    The collective demand was presented to the secretariat of the Global Solidarity Levies Taskforce, a coalition of 17 countries and groups, co-led by Barbados, France, and Kenya. It contributes to a public process of consultation which started last month concerning a series of proposals being considered by the governments who are members of the Taskforce, including options to apply levies on fossil fuel industry profits and extraction to fund climate action.

    A letter accompanying the petition reminds that oil and gas companies “knowingly lied about climate change and lobbied to slow action” and are failing to pay their fair share. “Super rich individuals and other polluting industries… should also be held to account. Making polluters pay for the damages they have caused is vital to help communities across the world to recover, rebuild and invest in climate solutions.” 

    The petition’s demands are in line with public polling across a range of geographies, including research recently commissioned by Greenpeace International, which has consistently demonstrated the strong popularity of increasing taxes on oil and gas profits. 

    Greenpeace Africa calls for designing tax and penalty mechanisms in a way that is fair and proportionate – including: ensuring a well-managed and just transition out of coal, oil and gas, while imposing more polluter taxes and fines on the industry to help fund the transition; taking steps to prevent knock-on increases in prices and the cost of living, especially for people living in poverty; and ensuring that people most impacted by climate change benefit the most from revenues raised. 

    Notes:

    [1] The Global Solidarity Levies Task Force: For People and the Planet explores feasible, scaleable and sensible options for levies to raise additional resources for climate and development: https://globalsolidaritylevies.org/world-leaders-pledge-action-on-climate-finance-as-coalition-for-solidarity-levies-launched-at-cop29/ 

    [2] The 5th Finance in Common Summit (FiCS), co-hosted by the Development Bank of Southern Africa (DBSA) and the Asian Infrastructure Investment Bank (AIIB): https://www.financeincommonsummit2025.com/ 

    [3] A night of flames: Table Mountain fire lights up the Cape Town skyline https://www.capetownetc.com/news/a-night-of-flames-table-mountain-fire-lights-up-the-ct-skyline/ ; Climate change behind the 2021 Table Mountain fire – study https://mg.co.za/the-green-guardian/2023-03-02-climate-change-behind-the-2021-table-mountain-fire-study/ 

    Photos: Handover of petition by Greenpeace Africa campaigner

    For more information, contact: 

    Greenpeace Africa Press Desk: [email protected] 

    Greenpeace International Press Desk: [email protected], +31 (0) 20 718 2470 (available 24 hours). Follow @greenpeacepress for our latest international press releases.

    MIL OSI NGO –

  • MIL-OSI Australia: Arrest – Serious domestic violence assault – Alice Springs

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has arrested a 24-year-old male in relation to a serious assault that occurred in Alice Springs early this morning.

    Around 12:30am, police received a report that a male had flagged down a vehicle travelling on Larapinta Drive to assistance his female partner that was injured and unconscious.

    The male allegedly nominated himself as the offender to the vehicle occupant before leaving the scene.

    Police and St John Ambulance attended and conveyed the 20-year-old female victim to Alice Springs Hospital for treatment where she remains in a stable condition.

    A 24-year-old male has since been arrested and remains in police custody.

    Investigations are ongoing.    

    Police urge anyone who may have been in the area at the time or who can assist with information relating to the incident to make contact on 131 444. Please quote reference number NTP2500021950.

    If you or anyone you know is experiencing domestic or family violence, please reach out on 131 444 or in an emergency call 000. You can also anonymously report through Crime Stoppers on 1800 333 000. 

    MIL OSI News –

  • MIL-OSI USA: Senator Markey Slams Trump for Weaponizing FBI to Target National Climate Bank Funding

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Senator is co-author of the provision that created the National Clean Investment Fund and Clean Communities Investment Accelerator

    Funds for programs have been frozen for past two weeks with no explanation from Citibank or the EPA

    Washington (February 28, 2025) – Senator Edward J. Markey (D-Mass.), a member of the Senate Environment and Public Works Committee, today released the following statement after revelations that the Federal Bureau of Investigation (FBI) has been questioning the Environmental Protection Agency (EPA) over the National Clean Investment Fund and Clean Communities Investment Accelerator. These programs, which are part of the Greenhouse Gas Reduction Fund, leverage private capital to cut energy bills for families and small businesses, improve resiliency against climate change-fueled disasters, and create local economic opportunity while combatting climate change. The affected $20 billion in funding was lawfully passed by Congress, based on Senator Markey’s National Climate Bank Act, and awarded to grantees around the country.

    Earlier this month, the head of the criminal division at the U.S. Attorney’s office in the District of Columbia, Denise Cheung, was pressured to find evidence of a crime as a justification for freezing the release of the congressionally approved federal funds for the National Clean Investment Fund and the Clean Communities Investment Accelerator. When Cheung declined to pursue an unwarranted criminal investigation due to insufficient evidence, she was forced to resign. Trump Justice Department officials then took additional unprecedented steps to formally freeze this funding—steps which were subsequently rejected by a federal judge and refused by other federal prosecutors. Now, the Trump Justice Department has sent in the FBI.

    “The Trump administration is carrying out a literal bank heist right now, and weaponizing the FBI to do so. First freezing funding, then cravenly searching for a non-existent crime, and now utilizing the FBI to target the climate bank is unfounded and is part of a broader effort by the Trump administration to dismantle the programs that keep Americans safe, healthy, and create jobs. A freeze on these investments would be, by far, the U.S. government’s largest confirmed financial seizure.

    “This kind of illegal and unethical witch hunt is McCarthyesque and shows the Trump administration to be both un-American and deeply worried about the power of clean energy and climate investments. Grantees are already starting to distribute funding to finance projects that will cut energy bills, improve resiliency, and create local economic opportunity around the country.

    “The FBI must immediately stop following the groundless, politicized directives of Trump and Musk and instead return to the important work of protecting the American people, not serving as Trump’s personal corrupt police force. And Citibank must immediately restart the flow of funds to recipients so they can continue to leverage private dollars for projects that will benefit Americans nationwide.”

    Following the passage of the Inflation Reduction Act in 2022, Senators Markey and Chris Van Hollen (D-Md.) and Congresswoman Debbie Dingell (MI-06), the House lead on the climate financing legislation, welcomed the launch of the Greenhouse Gas Reduction Fund in April 2023.

    Since the start of EPA Administrator Lee Zeldin’s unfounded attacks on the Greenhouse Gas Reduction Fund this month, Senator Markey issued a statement urging Citibank not to give into fearmongering, wrote a letter to the Department of Justice Inspector General about revelations that Assistant U.S. Attorney Denise Cheung was forced to resign after declining to pursue a criminal investigation, and signed onto a letter with the entire Environment and Public Works Committee Democrats demanding answers from the EPA.

    MIL OSI USA News –

  • MIL-OSI Security: Owner of Oahu Physical Therapy Clinic Sentenced to 9 Months in Federal Prison for Health Care Fraud

    Source: Office of United States Attorneys

    HONOLULU – Acting United States Attorney Kenneth M. Sorenson announced that Stephen Timothy Wells, 41, of Waialua, was sentenced yesterday in federal court by U.S. District Judge Jill A. Otake to 9 months of imprisonment followed by 3 years of supervised release for health care fraud. Wells, the owner of Oahu Spine and Rehab, a physical therapy clinic with locations in Kailua and Aiea, pleaded guilty to the charge on September 27, 2024. As part of his sentence, Wells was also ordered to pay restitution to TRICARE, a healthcare program for United States military service members and their families, and Medicare totaling $392,157.20.

    In his plea agreement, Wells admitted that from July 2013 through early 2020, he submitted false claims for payment for physical therapy services to TRICARE and Medicare. Wells used individuals not trained in physical therapy, including massage therapists, athletic trainers, personal trainers, and an individual who had no professional licenses or certifications whatsoever, to provide physical therapy services to patients. Wells admitted that he knew these individuals were not authorized providers and that he could not legitimately bill TRICARE and Medicare for physical therapy services rendered by them, even under supervision. Nevertheless, Wells billed the programs as though the services had been provided by licensed practitioners.

    “Tens of billions of dollars are lost to health care fraud each year, robbing Americans of vitally needed quality health services,” said Acting U.S. Attorney Ken Sorenson. “Over a nearly seven-year period, the defendant endeavored to bilk our nation’s taxpayer-funded TRICARE and Medicare programs out of as much money as possible. He diverted scarce program dollars from military service members and their families, as well as elderly and disabled Americans—some the most deserving and physically and financially vulnerable members of our society. Today’s sentence should serve as a warning to those who attempt to cheat our taxpayer funded insurance programs: you will be caught and when you are, a prison sentence awaits.”

    This case was investigated by the Defense Criminal Investigative Service, the Office of Inspector General of the Department of Health and Human Services, the Federal Bureau of Investigation, and the U.S. Department of Veteran Affairs, Office of Inspector General.

    Assistant U.S. Attorneys Mohammad Khatib and Rebecca Perlmutter prosecuted the case.

    MIL Security OSI –

  • MIL-OSI New Zealand: Further appeal for missing man Geoffrey Kelly

    Source: New Zealand Police (National News)

    Police searching for missing man Geoffrey Kelly in Hikumutu are appealing for CCTV from the area.

    Geoffrey’s car was found empty on Friday 21 February on the side of Makomiko Road, and he has not been seen since.

    Investigators would like to hear from anyone on Makomiko Road or Hikumutu Road who has CCTV at their property.

    We are still also appealing for any sightings of Geoffrey between 21 February and now.

    If you can help, please call 105 and quote reference number 250222/1771.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI Security: El Salvador National Previously Convicted Of Double Homicide Charged With Illegally Reentering The United States

    Source: Office of United States Attorneys

    NEWARK, N.J. – A citizen of El Salvador who was previously convicted for double homicide and sentenced to 50 years in prison in El Salvador, was charged with illegally reentering the United States, Acting U.S. Attorney Vikas Khanna announced.

    César Eliseo Sorto-Amaya, 28, was charged today by complaint with illegally reentering the United States and appeared before U.S. Magistrate Judge José R. Almonte in Newark federal Court.

    According to documents filed in this case, public statements and statements made in court:

    Since 2015, Sorto-Amaya was deported from and illegally returned to the United States three separate times, including one time where he was deported after being convicted of weapons possession charges in Elizabeth, New Jersey. In April 2024, Sorto-Amaya was convicted in abstentia in El Salvador of double aggravated homicide and sentenced to 50 years in prison.

    Acting U.S. Attorney Khanna credited special agents of the Federal Bureau of Investigation, under the direction of Acting Special Agent in Charge Terence G. Reilly, U.S. Department of Homeland Security Investigations (HSI) Newark, under the direction of Special Agent in Charge Ricky Patel, Immigration and Customs Enforcement – Enforcement and Removal Operations, under the direction of Field Office Director John Tsoukaris, and law enforcement authorities in El Salvador, with the investigation.

    The government is represented by Assistant U.S. Attorney Joseph Stern of the Opioid Abuse Prevention and Enforcement Unit in Newark.

    The charges and allegations contained in the Complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

                                                   ###

    Defense counsel: Carol Dominguez, Esq.

    MIL Security OSI –

  • MIL-OSI China: China’s ‘two sessions’ to offer clear policy signals for high-quality development

    Source: People’s Republic of China – State Council News

    China’s ‘two sessions’ to offer clear policy signals for high-quality development

    A journalist works at a press center for China’s annual “two sessions” in Beijing, capital of China, Feb. 27, 2025. [Photo/Xinhua]

    BEIJING, Feb. 28 — China will unveil its annual GDP growth target and policy arrangements for high-quality development at the upcoming national “two sessions” in Beijing.

    Contrary to slowdown forecasts by certain Western naysayers, the Chinese economy is well-positioned to sustain its recovery and maintain steady growth this year.

    During the “two sessions,” the annual meetings of China’s national legislature and top political advisory body, measures to expand domestic demand and promote sci-tech innovation and high-standard opening up are expected to be outlined.

    As a priority, domestic demand will be expanded comprehensively. China has huge potential in consumption and investment. The record highs seen in the domestic Spring Festival holiday box office and the number of trips made during the 40-day festival travel rush attest to the vitality of China’s consumption and economy. More targeted steps are expected to uplift consumption further. Fruitful campaigns such as large-scale equipment upgrade and consumer goods trade-in programs will be expanded. Investment will gain steam in projects to implement major national strategies and build up security capacities in key areas.

    This photo taken on Feb. 13, 2025 shows a poster for the Chinese animated film “Ne Zha 2” at a cinema in Chaoyang District of Beijing, capital of China. [Photo/Xinhua]

    The private sector, in particular, is expected to gain more momentum in its healthy, high-quality development. In February, a symposium on private enterprises in Beijing lent a significant boost to morale in the sector, which contributes more than 60 percent of GDP and 80 percent of urban employment in China. The country plans to promulgate a private sector promotion law this year, which will stimulate the sector’s development momentum and promote high-quality development.

    Fresh efforts are expected to develop new quality productive forces through scientific and technological innovation. Startups DeepSeek and Unitree Robotics, both of which have caught global attention, highlight China’s technological progress. Under the country’s AI Plus initiative and other programs, the integrated development of technology and industry will generate new sources of growth for the Chinese economy. China’s new energy industries and overall green transition, driven by its cutting-edge technologies, will continue to be important growth drivers.

    A humanoid robot is on display in Wuhan, central China’s Hubei Province, Feb. 5, 2025. [Photo/Xinhua]

    Amid rising global trade protectionism, China remains committed to expanding its high-standard opening up. An action plan to stabilize foreign investment in 2025 has outlined 20 measures to attract foreign investment, such as those related to upgrading pilot free trade zones and expanding pilot programs in fields such as telecommunication and medical services. China will also work to ensure new progress in high-quality Belt and Road cooperation with partner countries.

    This year is important in terms of the further, comprehensive deepening of reform to advance Chinese modernization. Reform measures planned for this year are expected to boost high-quality development by optimizing resource allocation and improving the market environment.

    Last year, the Chinese economy met its annual growth target of around 5 percent, outperforming other major economies and remaining the biggest engine of global economic growth. The 2025 growth target will be a key indicator of the projected operations of the world’s second-largest economy.

    A central economic work conference last December set the tone for a more proactive policy stance, and called for the enrichment of the national policy arsenal this year, as well as improved policy coordination.

    With the pro-growth policies rolled out since last September and a raft of new pragmatic measures for the year ahead at hand, there should be little doubt that China will be capable of navigating challenges at home and abroad, and of securing steady growth while promoting high-quality development. 

    MIL OSI China News –