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Category: Finance

  • MIL-OSI: Talen Energy Statement on FERC Order Rejecting Susquehanna ISA

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Nov. 03, 2024 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen”) (NASDAQ: TLN) released the following statement in response to Friday’s Federal Energy Regulatory Commission (the “FERC”) order rejecting the amended Susquehanna Interconnection Service Agreement (“ISA”) between PJM Interconnection (“PJM”), PPL Electric Utilities (“PPL”), and Talen which would increase co-located load capacity at Talen’s Susquehanna nuclear power generation facility from 300 megawatts to 480 megawatts:

    On Friday, FERC issued an order denying PJM, PPL, and Talen’s Susquehanna ISA. Talen believes FERC erred and we are evaluating our options, with a focus on commercial solutions. We believe this ISA amendment is just and reasonable and in the best interest of consumers. FERC’s decision will have a chilling effect on economic development in states such as Pennsylvania, Ohio, and New Jersey.

    Importantly, the existing ISA allows for 300 megawatts of co-located load at Susquehanna, and development of the first phases of the Amazon Web Services (“AWS”) data center campus can proceed using those 300 megawatts while Talen continues to pursue approval of the amended ISA.      

    Contrary to the Commission’s ruling, Talen’s co-location arrangement with AWS is part of the solution to issues raised on November 1 at the FERC technical conference on large co-located load. It brings service to the customer quickly and without expensive transmission upgrades necessary to serve large-load demand. But our direct-connect configuration is just one of several commercial solutions to the demand of large loads, and we are exploring other solutions as we move forward. The data center economy will require an all-of-the-above approach to satisfy the increased demand, including co-location such as Talen’s arrangement with AWS, hybrids that co-locate primary power behind the meter while using grid power for back-up, and front-of-the-meter connections to utility transmission. Talen looks forward to the continued dialogue.

    About Talen

    Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably, delivering the most value per megawatt produced and driving the energy transition. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

    Investor Relations:
    Ellen Liu
    Senior Director, Investor Relations
    InvestorRelations@talenenergy.com

    Media:
    Taryne Williams
    Director, Corporate Communications
    Taryne.Williams@talenenergy.com

    Forward-Looking Statements

    This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.

    The MIL Network –

    January 26, 2025
  • MIL-OSI United Kingdom: Press release: Prime Minister unveils game changing investment to tackle national security threat from people smuggling gangs

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    The Prime Minister is set to announce an additional £75 million to boost border security, bringing the investment in the Border Security Command over the next two years to £150 million.

    • PM to outline major investments to smash criminal smuggling gangs at INTERPOL General Assembly in Glasgow
    • New capabilities for Border Security Command from £150 million funding pot to drive down Organised Immigration Crime both at home and overseas 
    • New additional funding will cover state-of-the-art tech and information centres, boosts to enforcement and intelligence resourcing and expanding CPS capacity

    The Prime Minister is set to announce an additional £75 million to boost border security, bringing the investment in the Border Security Command over the next two years to £150 million. 

    Marking the first time the INTERPOL General Assembly has been hosted in the UK in over 50 years, Keir Starmer will today (4 November) open the Assembly in Glasgow by setting out his personal mission to smash the people smuggling gangs by resetting the UK’s whole approach to this challenge and intensifying international collaboration to meet the global scale of the threat.

    The General Assembly is INTERPOL’s supreme governing body and comprises senior ministerial and policing leads from the organisation’s 196 member states. 

    In his speech, the Prime Minister will set out his plans to draw on his experience of bringing together agencies to tackle international terrorist and drug smuggling gangs during his time as Director of Public Prosecutions to dismantle the people smuggling gangs who drive illegal migration, profit from human misery and represent a serious threat to global security. 

    He will also set out how the £150 million will provide additional specialist investigators and state of the art surveillance equipment to ensure those behind this criminal activity are stopped and brought to justice. 

    This major funding boost for the government’s new Border Security Command will initially be directed towards a range of enforcement and intelligence activity, including:

    • Investing heavily in NCA technology and capabilities, delivering advanced data exploitation and improvements to technologies to boost collaboration with European partners to investigate and break people smuggling networks.
    • 300 staff for the new Border Security Command, who will strengthen global partnerships, deliver new legislation and lead the system through investment and strategy.
    • 100 specialist investigators and intelligence officers for the NCA, dedicated to tackling criminals who facilitate people smuggling. 
    • Creating a new specialist OIC Intelligence Source Unit which will cohere intelligence flows from key police forces. 

    • Boosting the Crown Prosecution Service’s ability to deliver charging decisions more quickly on international organised crime cases. 

    The Border Security Command, led by Martin Hewitt CBE QPM, will be provided with enhanced powers – through a new Border Security, Asylum and Immigration Bill – to tackle organised immigration crime whilst providing for strong and effective border security. 

    New measures will make it easier to detect, disrupt and deter those seeking to engage in and benefit from organised immigration crime. The Command will also coordinate the work of intelligence agencies and law enforcement, who lead joint investigations with European counterparts to ensure we can bring those responsible to justice.

    Prime Minister Sir Keir Starmer is expected to say:

    “The world needs to wake up to the severity of this challenge.  I was elected to deliver security for the British people. And strong borders are a part of that. But security doesn’t stop at our borders.  

    “There’s nothing progressive about turning a blind eye as men, women and children die in the Channel.

    “This is a vile trade that must be stamped out – wherever it thrives. So we’re taking our approach to counter-terrorism – which we know works, and applying it to the gangs, with our new Border Security Command. 

    “We’re ending the fragmentation between policing, Border Force and our intelligence agencies.”

    Home Secretary Yvette Cooper said: 

    “Criminal smuggler gangs profit from undermining our border security and putting lives at risk and they have been getting away with it for far too long.

    “Our new Border Security Command, with the investment set out today, will mean a huge step change in the way we target these criminal gangs. People smugglers and traffickers operate in networks across borders, that’s why we have launched a major boost to our cooperation with international partners including other European countries, the G7 and Europol, and why we are so pleased to be hosting the INTERPOL conference on tackling international crime in Glasgow today.”

    The Prime Minister will also announce that the UK Government has increased its in-year support for INTERPOL’s global operations through a £6 million investment which harnesses the organisation’s unique capabilities to tackle serious organised crime affecting the UK. 

    Addressing the General Assembly, the Prime Minister will say that closer cooperation with international partners is key as he details how the gangs’ operations span from the money markets in Kabul through to the Kurdish region of Iraq and right across Europe and into the UK. 

    He will stress the government’s ongoing commitment to strengthening security agreements to facilitate greater sharing of intelligence and more joint operational work, in particular through Europol. 

    The Home Office will also invest £24m in the new financial year to tackle international serious organised crime affecting the UK including drugs and firearms, fraud, trafficking and exploitation. Funds will in part be used to bolster work done by special prosecutors and operational partners in the Western Balkans.

    There were more than 5,000 drug related deaths in 2023, with most of the illegal drugs causing these coming from overseas or facilitated by transnational gangs. ISOC funding will also be used to tackle drug smuggling upstream and at the UK border, building on recent successes, such as the effective collaboration with the US and Ecuador, which has resulted in the seizure of 19 tonnes of cocaine.

    National Crime Agency Director General Graeme Biggar said:

    “Serious and organised crime causes more harm, to more people, more often than any other national security threat. And almost all of serious and organised crime now has an international nexus. Distance, borders and languages are meaningless to criminals. This is why collaborations with INTERPOL have never been as important as they are today.

    “Tackling organised crime, and especially immigration crime, remains a top priority for the NCA. We are currently leading around 70 investigations into the gangs or individuals involved in the highest echelons of this type of criminality, and we are devoting more resources to it than ever before.

    “We have built up our intelligence sharing effort with law enforcement partners across Europe and beyond, including having more NCA officers based overseas, sharing intelligence and working side by side on joint investigations. This approach is bringing operational results with arrests and prosecutions, but we are also we are seeking to disrupt the people smugglers’ business model, through targeting their social media offering, their supply routes for equipment, and their financial flows.

    “We are determined to do all we can to disrupt and dismantle these networks, wherever they operate.”

    The announcement comes just a month after Britain joined up to a new G7 anti migrant smuggling action plan which included pledges to bolster border security, combat transnational organised crime, and protect vulnerable individuals from exploitation by smugglers. 

    The plan includes new, intelligence-led joint investigative actions to target criminal smuggling routes, working with social media platforms and internet providers to remove harmful content promoting illegal migration services or advertising fake job opportunities, and strengthening capabilities to monitor and anticipate irregular migration flows at both global and regional levels.

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    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI Economics: ADB Provides $10 Million Grant to Address Gender-Based Violence in Cambodia

    Source: Asia Development Bank

    PHNOM PENH, CAMBODIA (4 November 2024) — The Asian Development Bank (ADB) approved $10 million in grant financing to address gender-based violence (GBV) in Cambodia to help meet the country’s target of zero GBV by 2030.

    The Strengthening Country Systems for Prevention and Response to GBV project is ADB’s first stand-alone Asian Development Fund (ADF) grant specifically focused on gender equality in Southeast Asia, and establishes a clear link between governance systems, public financial management, and the quality and accessibility of services addressing GBV.  

    The project will strengthen legal and institutional frameworks by updating Cambodia’s legislation on domestic violence; improve service delivery at the local level by strengthening the quality and accessibility of response services and refurbishing shelters for survivors, especially in rural areas; and leverage digital solutions in adolescent school-based and community-based programs to promote prevention. It will enhance digital solutions for 24/7 access to information, education, and communication resources on GBV in an effort to link prevention and response in a continuum for maximum impact.

    “This important project will enhance systemic responses, expand access to shelters, and ensure survivors receive the care they need,” said ADB Country Director for Cambodia Jyotsana Varma. “It will also promote community-based programs on prevention, empowering local communities to play a key role in raising awareness and stopping violence before it occurs. ADB remains committed to supporting Cambodia in building a safer, more inclusive society for all.”

    The incidence of GBV remains persistently high even as Cambodia has made significant strides in combating it with the government and civil society organizations piloting promising prevention approaches. Since 2014, the prevalence of intimate partner violence has decreased by 8 percentage points to 21% women (aged 15–49) experiencing it at least once in their lifetime, according to the World Health Organization. While better than the global and Southeast Asian average of 30%, Cambodia still faces hurdles due to uneven response hindered by multiple public agencies, and limited survivor-centered care. 

    Building on lessons from previous GBV projects in Asia, this initiative promotes a comprehensive, whole-of-government approach that integrates gender equality and GBV considerations across key ministries for Women’s Affairs, Interior, and Economy and Finance to ensure a coordinated response.

    This $10 million project is funded by a grant from the Asian Development Fund, which supports ADB’s vulnerable developing member countries.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Economics –

    January 26, 2025
  • MIL-OSI New Zealand: Release: National’s FamilyBoost a colossal flop

    Source: New Zealand Labour Party

    Nicola Willis continues to over promise and under deliver, with most families receiving only $30 a week from National’s flagship FamilyBoost flop.

    “Only 1,094 households have received the full amount of the FamilyBoost payment,” Labour Finance spokesperson Barbara Edmonds said.

    “This is after Christopher Luxon promised 100,000 families would be eligible for the payment and said $250 was up for grabs in tax cuts. Only 33,000 families have received anything at all, that’s a third of what was promised. Half of those families got roughly $30 a week.

    “We have long known National wants to make it difficult for anyone to get this money – and their efforts are paying off.

    “Receiving this financial help shouldn’t be a bureaucratic nightmare, but under National busy parents have to find invoices or proof of payment from childcare centres and claim back the money themselves from Inland Revenue.

    “Child poverty is projected to increase and unemployment is up under National. Rents and rates are high, and more Kiwis are leaving New Zealand than ever before. This Government is failing families.

    “Nicola Willis can swear she understands the needs of New Zealand families until she’s blue in the face, but when her boss is calling Kiwis ‘customers’, her colleague is calling workers ‘losers’, and she is failing to make life easier for Kiwis who are struggling, the proof is really in her severely lacking pudding,” Barbara Edmonds said.


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    MIL OSI New Zealand News –

    January 26, 2025
  • MIL-OSI Australia: $12.5 million funding to continue building stronger animal welfare enforcement across NSW

    Source: New South Wales Government 2

    Headline: $12.5 million funding to continue building stronger animal welfare enforcement across NSW

    Published: 4 November 2024

    Released by: Minister for Agriculture


    The Minns Labor Government today announced two of the state’s key animal welfare organisations, the Royal Society for the Prevention of Cruelty to Animals NSW (RSPCA) and the Animal Welfare League NSW (AWL), will receive $12.5 million towards their enforcement and compliance activities that provide protection for NSW cats, dogs, livestock and other animals.

    The funding is part of the NSW Government’s election commitments to establish a modern, fit for purpose animal welfare framework.

    As part of the enforcement grants announced today, the RSPCA NSW will receive $11.3 million, and the AWL NSW will receive $1.17 million.

    The funding is substantially higher than any other state or territory has allocated to charitable animal welfare organisations to undertake their compliance and enforcement work.

    The funding will be used to:

    • Fund animal welfare inspectors who play a crucial role in enforcing NSW animal welfare laws
    • Investigate animal cruelty complaints, protecting vulnerable animals from harm or distress
    • Carry out enforcement action on those people doing animals’ harm
    • Provide a one-off upgrade to AWL operating systems for streamlined compliance data and reporting.
    • Cover vehicle operating and legal expenses.

    The announcement follows recent Government animal welfare initiatives including introducing new ‘fit and proper’ laws preventing people who have been convicted of repeat animal cruelty offences from keeping or breeding animals and introducing into Parliament last month a Bill to ban the appalling practice of puppy farming.

    The grant applications and subsequent funding was assessed in accordance the requirements under the NSW Grants Administration Guide and was overseen by an independent panel.

    The purpose of these enforcement grants is to support approved charitable organisations and carry out Prevention of Cruelty to Animals Act 1979 enforcement and compliance activities for the current 2024/25 financial year.

    Minister for Agriculture Tara Moriarty said:

    “The NSW Government is committed to improving animal welfare standards across our state.

    “We will continue to work with stakeholder, advocates, and the community to improve animal welfare and to build a better and stronger framework of animal protection.

    “We recognise the compliance work the Animal Welfare League and RSPCA do and value the long-standing relationships we have with them to achieve better outcomes for the animals of NSW.

    MIL OSI News –

    January 26, 2025
  • MIL-OSI Asia-Pac: Speech by SJ at Asia-Pacific International Private Law Summit 2024 (English only)

    Source: Hong Kong Government special administrative region

         Following are the welcome remarks by the Secretary for Justice, Mr Paul Lam, SC, at the Asia-Pacific International Private Law Summit 2024 under Hong Kong Legal Week 2024 today (November 4):Commissioner Cui (Commissioner of the Ministry of Foreign Affairs in the Hong Kong Special Administrative Region (HKSAR), Mr Cui Jianchun); Professor Ignacio Tirado (Secretary-General of the International Institute for the Unification of Private Law), Consuls General, distinguished guests, ladies and gentlemen,     A very good morning. For those joining us from different time zones, perhaps I should say good afternoon and also good evening. I am truly delighted to welcome you to the opening of the Hong Kong Legal Week 2024, and to the Asia-Pacific International Private Law Summit 2024.Hong Kong Legal Week 2024     The Hong Kong Legal Week is an annual flagship event of the Department of Justice. Since its inception in 2019, the Hong Kong Legal Week has served as a dynamic forum where legal professionals, scholars, judges and experts come together to discuss critical legal issues that resonate not only within Hong Kong but throughout the wider Asia-Pacific region and beyond.     The theme of this year is “Hong Kong Common Law System: World-Class Springboard to China and Beyond”. It emphasises Hong Kong’s unique role as a gateway between China, the Asia Pacific and the world. Under the “one country, two systems” principle, Hong Kong is the only common law jurisdiction within China. Our strong legal foundation, coupled with our close ties with and support from the Mainland, positions us as a critical hub for legal and economic collaboration across the region and beyond.Asia-Pacific International Private Law Summit 2024     We begin this week with today’s Asia-Pacific International Private Law Summit 2024. Building on the success of the inaugural Summit in 2022, the Department of Justice once again partners with the International Institute for the Unification of Private Law (UNIDROIT) to organise this Summit under the theme “Springboard to Opportunities: Utilising International Private Law and Technology to Facilitate Access to Credit, Investment, and Sustainable Development in the Asia-Pacific Region”.     The Asia-Pacific region is home to enormous economic potential and encompasses a diverse array of legal systems. While this diversity enriches our legal and cultural landscape, it also introduces complexities and uncertainties for businesses navigating cross-border transactions. To unlock the region’s full economic potential and ensure long-term sustainable growth, harmonisation and modernisation of private law across the region is essential.     Recognising this need, today’s summit gathers leading legal minds from across the Asia Pacific, together with experts from UNIDROIT, to explore how the unification and co-ordination of various areas of private law can support economic growth and facilitate smoother cross-border interactions throughout the region. We will be hearing from them on how international private law and emerging technologies can unlock new opportunities for sustainable economic growth across the region, and how Hong Kong may contribute in this regard.Department of Justice’s collaboration with UNIDROIT     In the past few years, the Department of Justice has closely collaborated with UNIDROIT to promote the development, implementation, and deeper understanding of private international law and international commercial law across the Asia-Pacific region.     In addition to these collaborative efforts, we are grateful for UNIDROIT’s strong support to the Department of Justice’s secondment programme, offering Hong Kong’s legal professionals from both the public and private sectors the valuable opportunity to work at the UNIDROIT Secretariat in Rome. This experience not only deepens their expertise in international legal issues, but also bolsters Hong Kong’s capacity in foreign-related legal matters.     I am very pleased to note that one of our former secondees will be moderating a panel later this morning, which testifies to the success of the secondment programme.Capacity building     The secondment programme is one of the Department of Justice’s many policy initiatives providing professional development opportunities to our legal talents. To further strengthen Hong Kong’s position as a leading international legal and dispute resolution services centre in the Asia-Pacific region, the Department of Justice places great importance on nurturing legal talents with a global perspective and proficiency in foreign-related legal affairs. We are committed to establishing Hong Kong as a leading centre for capacity building in international law.     As outlined in our Chief Executive’s Policy Address 2023 and 2024, the Department of Justice is setting up the Hong Kong International Legal Talents Training Academy. The Academy will regularly organise practical training courses, seminars, international exchange programmes and more to promote exchanges among talent in regions along the Belt and Road. It will also provide training for talent in the practice of foreign-related legal affairs for the country, and nurture legal talent conversant with international law, common law, civil law and the country’s legal system.     A dedicated office and an expert committee have already been set up to facilitate the establishment of the Academy. We are grateful to have Professor Tirado as a member of the expert committee, and I am pleased to see many of our committee members participating in today’s Summit.     To officially mark this new initiative, I am excited to announce that the launch ceremony for the Academy will take place on the final day of the Hong Kong Legal Week. I warmly invite all of you to join us for this significant occasion.Other events     I also warmly welcome you to participate in an array of other events this week. Tomorrow, we will have the Second Legal Forum on Interconnectivity and Development co-organised with the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR. At the Legal Forum, we are very pleased to have the General Counsel of the Asian Infrastructure Investment Bank deliver a keynote address on promoting good governance and high-quality development under international law. Legal experts will also share their insights on Hong Kong’s role in China’s institutional opening up, and rule of law as a risk management mechanism to safeguard sustainable development.     On Wednesday, we will host events under the theme “Beyond Litigation: The Vibrant Landscape of Alternative Dispute Resolution of Hong Kong”. The day will explore three topical issues – the role of mediation in promoting a culture of mutual respect, harmony and inclusiveness, use of artificial intelligence in alternative dispute resolution, as well as the resolution of sports disputes. There will also be the 2024 Hong Kong Mediation Lecture in the evening, exploring the unique challenges and opportunities involved in the use of mediation in deals relating to natural resources.     Thursday’s programme will focus on strengthening the rule of law in the Greater Bay Area. We will hear from experts on the proof of Hong Kong law and foreign law in the Mainland, the arrangement on mutual legal assistance in civil and commercial matters between the Mainland and Hong Kong, as well as legal services and juridical relations to facilitate and protect trade and social interactions between the Mainland and Hong Kong. The day will also feature a mock mediation session led by mediators from Mainland China, Hong Kong, and Macao, and a discussion on the Greater Bay Area mediation platform.     On Friday, apart from the launching ceremony of the Academy in the afternoon that I have just mentioned, we will explore how the rule of law in Hong Kong, together with different components of Hong Kong’s legal and judicial system, are essential to provide the best business environment from the perspectives of our legal services profession and our enterprises, and how our legal professionals can play an important role along the Belt and Road.     Alongside this week’s discussions, we are also featuring a special exhibition on the achievements in the construction of the rule of law of the People’s Republic of China in the modern era, co-organised by the Ministry of Justice of China and the Department of Justice, in celebration of the 75th anniversary of the founding of People’s Republic of China. The exhibition highlights key milestones in China’s legal evolution, both domestically and in foreign-related areas, over the past 75 years. You are most welcome to visit the exhibition during the breaks or after the Summit. It is just in the exhibition hall adjacent to this conference room.Conclusion     Ladies and gentlemen, as we look ahead to the discussions that will follow, I hope today’s Summit will inspire all of us to explore new ideas and opportunities. Let’s make the most of this moment to engage in meaningful exchanges and drive forward the future of international law.     On this note, I wish today’s Summit every success and extend my sincere appreciation to all of you for joining us, whether online or in person. A special thanks to UNIDROIT for their unwavering support, and heartfelt gratitude to all my colleagues at the Department of Justice and our dedicated partners, whose hard work has made Hong Kong Legal Week 2024 a reality.     Thank you very much.

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Economics: New Development Bank prices USD 1.25 billion Green Bond under EMTN Programme

    Source: New Development Bank

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OF AMERICA OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

    On October 31, 2024, the New Development Bank (NDB) successfully priced a 3-Year USD 1.25 billion Green Bond, paying an annual coupon of 4.677 per cent (equivalent to SOFR MS + 80 bps), under its Euro Medium Term Note Programme, which will be issued on 7 November 2024, subject to final legal documentation and customary closing conditions.

    An amount equal to the net proceeds from the Bond issuance will be allocated to finance and/or refinance, in whole or in part, past or future disbursement of loans made to eligible green projects in accordance with NDB’s Sustainable Financing Policy Framework dated 25 May 2020 in such sectors as clean transportation, climate change adaptation, energy efficiency, low-carbon and renewable energy, sustainable water management, etc. NDB’s Sustainable Financing Policy Framework governs issuances of green, social and sustainability debt instruments, including the use and management of bond proceeds, project selection and evaluation process, reporting and disclosure.

    The USD 1.25 billion Green Bond received strong demand from investors, with the final order book exceeding USD 2.2 billion. Geographically, the issuance attracted a diverse investor base, with 66% of investors from Asia and 34% from the EMEA region. The composition of the final order book was as follows: Central Banks, Official Institutions, and Sovereign Wealth Funds – 52%; Banks – 43%; Asset Managers, Fund Managers, and others – 5%.

    Bank of China, Emirates NBD Capital, First Abu Dhabi Bank, ICBC, and Standard Chartered Bank (B&D) acted as Joint Lead Managers of the transaction. CITIC Securities served as a Co-Manager of the transaction.

    “The strong demand and good pricing conditions obtained underscore the confidence of investors in NDB’s financial stability and its mandate of mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries,” said Mr. Monale Ratsoma, NDB Vice-President and Chief Financial Officer.

    “New Development Bank is committed to being a regular issuer in both hard currency and local currencies of its member countries. Our issuances are guided by market conditions, investor demand and the requirements of the Bank’s lending portfolio. NDB aims to build a liquid benchmark curve over time with issuances across different maturities, enhancing its capacity to finance infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries”.

    Background Information

    New Development Bank was established with the purpose of mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the efforts of multilateral and regional financial institutions for global growth and development. In 2021, NDB initiated membership expansion and admitted Bangladesh, Egypt, United Arab Emirates and Uruguay as its new member countries.

    In December 2019, NDB established its inaugural USD 50 billion Euro Medium Term Note Programme (EMTN Programme) in the international capital markets.

    IMPORTANT DISCLAIMER: This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to sell or subscribe for or otherwise acquire any securities (including, without limitation, the green bonds mentioned above (the “Bonds“)).

    This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129 or that Regulation as it forms part of United Kingdom law.

    The Bonds are not being, and will not be, offered or sold in the United States. Nothing in this announcement constitutes an offer to sell or the solicitation of an offer to buy the Bonds in the United States or any other jurisdiction. Securities may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, the Securities Act. The Bonds have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act of 1933, as amended).

    No action has been or will be taken in any jurisdiction in relation to the Bonds to permit a public offering of securities.

    This announcement is directed only at (i) persons who are outside the United Kingdom (the “UK“), or (ii) persons who are in the UK who are (a) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order“) or (b) otherwise, persons to whom this announcement may lawfully be communicated pursuant to the Order (all such persons together being referred to as “relevant persons“). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. This electronic transmission may only be communicated to persons in the UK in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply to the Issuer.

    Credit ratings should not be taken as recommendations by a rating agency to buy, sell or hold the Bonds. They may be revised, suspended or withdrawn at any time by the relevant rating agency.

    Prohibition on sales to EEA and UK retail investors: Target Market (MiFID II / UK MiFIR) is Eligible Counterparties and Professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail in EEA or the UK.

    Relevant stabilisation regulations including FCA/ICMA will apply.

    MIL OSI Economics –

    January 26, 2025
  • MIL-OSI Economics: Money Market Operations as on October 31, 2024

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 525,447.20 6.28 5.00-6.75
         I. Call Money 5,197.80 6.54 5.75-6.65
         II. Triparty Repo 375,967.35 6.27 6.05-6.40
         III. Market Repo 143,559.05 6.30 5.00-6.45
         IV. Repo in Corporate Bond 723.00 6.50 6.45-6.75
    B. Term Segment      
         I. Notice Money** 0.00 – –
         II. Term Money@@ 0.00 – –
         III. Triparty Repo 340.00 6.23 6.20-6.45
         IV. Market Repo 2,466.21 6.55 6.55-6.55
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo Thu, 31/10/2024 14 Thu, 14/11/2024 24,697.00 6.49
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 31/10/2024 1 Fri, 01/11/2024 1,073.00 6.75
      Thu, 31/10/2024 2 Sat, 02/11/2024 0.00 6.75
      Thu, 31/10/2024 3 Sun, 03/11/2024 0.00 6.75
      Thu, 31/10/2024 4 Mon, 04/11/2024 1,277.00 6.75
    4. SDFΔ# Thu, 31/10/2024 1 Fri, 01/11/2024 123,428.00 6.25
      Thu, 31/10/2024 2 Sat, 02/11/2024 12.00 6.25
      Thu, 31/10/2024 3 Sun, 03/11/2024 0.00 6.25
      Thu, 31/10/2024 4 Mon, 04/11/2024 18,815.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -164,602.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations€ Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,469.91  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     11,009.91  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -153,592.09  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on October 31, 2024 1,043,977.71  
         (ii) Average daily cash reserve requirement for the fortnight ending November 01, 2024 1,016,726.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 31, 2024 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on October 18, 2024 402,348.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1415

    MIL OSI Economics –

    January 26, 2025
  • MIL-OSI Economics: Q&A: Exploring the Key Findings of the Georgia PPP Monitor

    Source: Asia Development Bank

    Article | 04 November 2024
    Read time: 5 mins

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    •  Georgia has a nascent but developing ecosystem for PPPs.
    •  ADB has been involved in developing the PPP program in Georgia for many years by facilitating the establishment of the PPP legal framework in the country.
    •  The government realized the importance of PPPs as an alternative way of financing infrastructure investments and has been developing a PPP institutional, policy, and legal and regulatory framework.

    The Asian Development Bank (ADB) recently launched the Georgia Public–Private Partnership (PPP) Monitor. Helen Steward, Principal Markets Development Advisory Specialist in ADB’s Office of Markets Development and Public–Private Partnerships (OMDP), explains what the PPP Monitor is all about.

    What are Public–Private Partnerships or PPPs?

    Public–private partnerships are contractual arrangements where a government partners with the private sector to build and manage public infrastructure, such as roads and highways, renewable energy plants, hospitals, and schools. PPPs may also be used by government to bring in private sector to manage existing public infrastructure more efficiently.

    Helen Steward, Principal Markets Development Advisory Specialist, Office of Markets Development and Public–Private Partnerships (OMDP), ADB

    What is the PPP Monitor?

    The PPP Monitor is a publication series of ADB. It profiles PPP-enabling environments in ADB’s developing member countries (DMCs) across Asia and the Pacific. The PPP Monitor features a data-driven, online version that allows users to compare the key PPP parameters and attributes across the featured DMCs.

    Who can use the PPP Monitor?

    The PPP Monitor provides the investor community with business intelligence on the enabling environment, policies, priority sectors, and deals to facilitate informed investment decisions. 
    For ADB DMCs the PPP Monitor serves as a diagnostic tool to identify gaps in their legal, regulatory, and institutional frameworks.

    ADB and other international development agencies can also benefit from the PPP Monitor as it could be useful in initiating dialogues to assess a country’s readiness to implement PPPs to develop and sustain its infrastructure.

    What are the key takeaways from the Georgia PPP Monitor?

    • Georgia has a nascent but developing ecosystem for PPPs.
    • ADB has been involved in developing the PPP program in Georgia for many years by facilitating the establishment of the PPP legal framework in the country.
    • The government realized the importance of PPPs as an alternative way of financing infrastructure investments and has been developing a PPP institutional, policy, and legal and regulatory framework.
    • In 2018, the Law of Georgia on Public–Private Partnerships, also known as the PPP Law, was adopted. This was followed by a package of bylaws related to the introduction and implementation of PPPs in Georgia.
    • The PPP Law and the secondary legislation provide the legal basis for procuring and managing PPPs in Georgia. It covers both concession and non-concession types of PPPs. It provides the definition and eligibility criteria for PPPs, the various stages for project development and management, and the relevant entities involved in PPP project identification, screening, preparation, procurement, and management, including their functions. It also establishes the process for dispute resolution and the identification and management of contingent liabilities.
    • The PPP Law and the secondary legislation also require the establishment of a formal PPP institutional structure including a PPP Agency, which has been set up under the Office of the Prime Minister of Georgia, and a related risk and fiscal management function under the Ministry of Finance. The PPP Agency became operational in 2019 and guidelines for identifying, appraising, procuring, implementing, and monitoring PPPs have been developed to support the PPP Law and the supporting secondary legislation.

    How many PPPs have been developed in Georgia?

    From 1990 to 2023, about 42 PPP projects from different sectors (e.g., airports, energy, information and communications technology, water and sewerage, and social infrastructure) successfully achieved financial closure. The total investment made in these projects is approximately $4 billion.

    According to the PPP Agency, since the adoption of the PPP Law in 2018, only a few new PPPs have been initiated and reached financial closure and these have all been in the energy sector.

    What challenges exist in the public private partnership landscape?

    Significant progress has been made in improving the PPP landscape, especially in establishing the regulatory framework and with recent PPP training programs instigated by the PPP Agency. However, there is so far only a limited pipeline of viable projects and significant challenges remain to be addressed, including low awareness of PPPs; limited capacity of government officials; lack of PPP initiatives at the local and national levels; and lack of a project development fund, among others.

    What is ADB doing to support PPPs in Georgia?

    Having supported the drafting of the PPP legislation, implementing guidelines, model concession agreements, and annual fiscal risk statements, ADB is poised to support PPP development further in Georgia. PPPs offer an avenue to improve value for money in infrastructure development and service delivery. However, the current capacity of the public sector to drive and implement PPPs is constrained. ADB has been working in partnership with the PPP Agency to address some of the challenges. ADB is helping raise awareness about PPPs through events. Earlier in October, ADB held a specialist training course on PPPs for senior government officials to help address the capacity gaps and contribute toward building a pipeline of projects. ADB is also undertaking a feasibility assessment on affordable housing to explore PPP opportunities and is also in early discussion with various government agencies to help screen and prepare potential pilot PPP projects. 

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    • Private sector development
    • Public-Private Partnerships

    MIL OSI Economics –

    January 26, 2025
  • MIL-OSI New Zealand: Trade and Investment Minister to hold trans-Tasman discussion

    Source: New Zealand Government

    Trade and Investment Minister Todd McClay will travel to Australia today for meetings with Australian Trade Minister, Senator Don Farrell, and the Australia New Zealand Leadership Forum (ANZLF). 

    Mr McClay recently hosted Minister Farrell in Rotorua for the annual Closer Economic Relations (CER) Trade Ministers’ meeting, where ANZLF presented on trans-Tasman business growth opportunities. 

    “Australia is our closest partner and is critical to our trade and investment performance,” Mr McClay says.

    “Minister Farrell and I will discuss opportunities to further grow trans-Tasman trade and investment, WTO developments, and ways to cooperate internationally. 

    “I will also raise with him the joint letter from New Zealand, Australian, and United States dairy sectors to our respective governments on Canada’s dairy policy which harms international dairy trade.”

    Australia is the current chair of New Zealand’s leading trade agreement – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). 

    “This will be an opportunity to explore ways to deepen CPTPP trade,” Mr McClay says. 

    MIL OSI New Zealand News –

    January 26, 2025
  • MIL-OSI Security: Captured: FBI Ten Most Wanted Fugitive from St. Louis Metro Area

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

    FBI St. Louis Special Agent in Charge Ashley Johnson has announced the arrest of Donald Eugene Fields, II. He was added to the FBI’s Ten Most Wanted Fugitives list in May 2023. He is facing child sex trafficking and child rape charges in federal and state court, respectively. 

    On the morning of January 25, the Lady Lake Police Department arrested Fields, II, after a routine traffic stop. The license plate was not registered to the vehicle he was driving. It happened at 9:15 a.m. (Eastern Time) at U.S. Highway 27/441 at Rolling Acres Road. Lady Lake is northwest of Orlando, Florida. The FBI praised the work of the department, whose police chief is an FBI National Academy graduate. “Thanks to proactive policing by the Lady Lake Police Department, one of the FBI’s Ten Most Wanted fugitives has been captured,” said Special Agent in Charge Johnson.

    Fields, II will be scheduled to make his first appearance in federal court in Florida. 

    Fields, II, 60, was federally indicted in St. Louis on December 7, 2023 on one count of child sex trafficking. The indictment accuses Fields, II, of knowingly attempting to recruit, entice, provide, patronize, and solicit a minor into engaging in a commercial sex act from about January 2013 until June 2017.  
     
    Fields II is also facing charges including statutory rape, statutory sodomy, child molestation, and witness tampering in Franklin County Circuit Court in Missouri. A warrant for his arrest was issued by that court after Fields II vacated his home and failed to show up for a March 3, 2022, hearing, court records show. 
     
    Fields II is the fifth fugitive investigated by the FBI St. Louis Field Office to be named as an FBI Top Ten Most Wanted fugitive. More than 60 years ago, Thomas Edward Galloway was placed on the list in June 1964.  The FBI arrested Galloway in July 1964 at a golf course in Danville, Virginia, after a citizen recognized him from a newspaper article. 
     
    The FBI’s Ten Most Wanted Fugitives list was established in March of 1950. Fields, II, was the 531st fugitive added to the list. Of the total, 495 fugitives have now been apprehended or located—163 of them as a result of citizen cooperation. 

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI Security: Schenectady Man Pleads Guilty to Witness Retaliation

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    ALBANY, NEW YORK – Patrick Civitello, age 18, of Schenectady, New York, pled guilty today to witness retaliation, admitting that he assaulted a 15-year-old boy in retaliation for the boy’s mother testifying last year in a federal criminal trial.

    United States Attorney Carla B. Freedman and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office of the Federal Bureau of Investigation (FBI), made the announcement.

    Patrick Civitello is the son of Jeffrey Civitello Sr. and the younger brother of Jeffrey Civitello Jr., both of whom were convicted of federal drug trafficking charges following a jury trial in Albany in April 2023. A witness, identified in the indictment as V-1, testified at that trial.

    In pleading guilty, Patrick Civitello admitted that on the evening of May 19, 2024, while at a restaurant in Glenville, New York, he observed V-1, who was with her 15-year-old son (“V-2”). At the time he observed V-1, Patrick Civitello was speaking on the phone with Jeffrey Civitello Jr. (who was incarcerated), and Patrick Civitello told his brother that he had just seen V-1 walk into the restaurant. Patrick Civitello then said “I gotta rag this bitch, I gotta call you back,” meaning that he intended to retaliate against V-1 for her trial testimony. Jeffrey Civitello Jr. responded, “Ok run down, but do it away from everyone if you could.”

    V-1 and V-2 then exited the restaurant and headed to their vehicle in the parking lot. Patrick Civitello, who was following V-1 and V-2 out of the restaurant, briefly stopped in the parking lot to remove his watch and a cross-body bag. Having placed those items on the ground of the parking lot, Patrick Civitello charged in the direction of V-1 and V-2. He punched V-2 in the head, and continued to punch and kick V-2 after V-2 fell to the ground. V-2 suffered minor abrasions and bruises, including to his head, neck, and hand. 

    Patrick Civitello, who has been in custody since his arrest on June 13, 2024, will be sentenced on February 28, 2025. He faces up to life in prison and a term of post-imprisonment supervised release of up to 5 years. A defendant’s sentence is imposed by a judge based on the particular statute the defendant is charged with violating, the U.S. Sentencing Guidelines and other factors.

    The FBI’s Capital District Safe Streets Gang Task Force investigated this case with assistance from the Glenville Police Department. Assistant U.S. Attorneys Michael Barnett and Dustin Segovia are prosecuting this case.

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI Security: Man who Provided Guns to Shooter of Two Jewish Community Members in California Sentenced to Prison

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    PHOENIX, Ariz. – Eric Celaya, 30, of Phoenix, was sentenced on Monday by United States District Judge Michael T. Liburdi to eight months in prison, followed by 36 months of supervised release. On May 15, 2024, Celaya pleaded guilty to making a Material False Statement During the Purchase of a Firearm.

    On January 19, 2023, Celaya purchased two firearms from a Federal Firearms Licensee (FFL) in Tempe. Celaya completed the Firearms Transaction Record, known as ATF Form 4473, and stated that he was the actual purchaser. However, Celaya knew he was purchasing the firearms on behalf of Jamie Tran. After Celaya submitted the ATF Form 4473 to the FFL, he purchased and left with the two firearms. Subsequently, Celaya provided the firearms to Tran. On February 15, 2023, and February 16, 2023, Tran used the firearms to shoot two Jewish community members in California, offenses charged as hate crimes in the United States District Court, Central District of California, Case Number 2:23-CR-00098-GW. Celaya had no prior criminal history and there was no evidence to show that Celaya was aware of Tran’s intentions or beliefs.

    This case was part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and make our neighborhoods safer for everyone. The Department of Justice reinvigorated PSN in 2017 as part of the Department’s renewed focus on targeting violent criminals, directing all U.S. Attorneys’ Offices to work in partnership with federal, state, local, and tribal law enforcement and the local community to develop effective, locally-based strategies to reduce violent crime.

    The Federal Bureau of Investigation and the Bureau of Alcohol, Tobacco, Firearms and Explosives conducted the investigation in this case. Assistant U.S. Attorney Addison Owen, District of Arizona, Phoenix, handled the prosecution.
     

    CASE NUMBER:                  CR-23-01456-PHX-MTL
    RELEASE NUMBER:           2024-149_Celaya

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on X @USAO_AZ for the latest news.

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI Canada: Minister Valdez wraps up activities to celebrate Small Business Month and highlights government supports for entrepreneurs

    Source: Government of Canada News (2)

    News release

    The Honourable Rechie Valdez, Minister of Small Business, celebrated Small Business Month (SBM) by meeting with local entrepreneurs and business organizations to highlight the federal government supports that are available to help them thrive.

    November 1, 2024 – Ottawa, Ontario

    The Honourable Rechie Valdez, Minister of Small Business, celebrated Small Business Month (SBM) by meeting with local entrepreneurs and business organizations to highlight the federal government supports that are available to help them thrive.

    Minister Valdez kicked off October by announcing that the federal government has negotiated lower credit card interchange fees by up to 27% for small businesses across Canada. These lower fees for Visa and Mastercard took effect on October 19, 2024. Minister Valdez also announced that the Canada Carbon Rebate will be distributing $2.5 billion to about 600,000 small and medium-sized businesses across Canada where the federal fuel charge applies. The amount is dependent on a business’ number of employees. For example, Ontarian small businesses will receive $401 per employee. Small and medium-sized businesses that filed their taxes before July 15 will receive an automatic payment by the end of this year.

    Throughout SBM, Minister Valdez met with small business owners across the country. She also engaged with diverse groups of entrepreneurs at the Mississauga Board of Trade, the CanadianSME Magazine Small Business Summit, the Casa Foundation for International Development’s Friends of Africa summit, the Elevate Festival, the Alliance of Nigerian Entrepreneurs gathering, the RPA Women Entrepreneur Awards Gala, the Federation of African Canadian Economics’ Small Business Sunday event, the Toronto Small Business Forum, and the Misfit Ventures Misfits Unleashed event.

    During these engagements, Minister Valdez highlighted the federal government’s groundbreaking investments—through programs like the 2SLGBTQI+ Entrepreneurship Program, the Women Entrepreneurship Strategy and the Black Entrepreneurship Program—that are helping fight the systemic barriers under-represented entrepreneurs face. She also spotlighted federal government investments in inclusive venture capital and Futurpreneur, as well as support for Indigenous entrepreneurs.

    Minister Valdez also updated entrepreneurs on federal investments to help small businesses adopt digital tools and innovations, including the $2.4 billion committed in Budget 2024 to secure Canada’s artificial intelligence (AI) advantage. This includes $200 million in the Regional Artificial Intelligence Initiative, which will help bring new AI technologies to market and accelerate AI adoption by small businesses across the country. She also mentioned the Canada Digital Adoption Program, which has helped more than 60,000 small businesses improve their digital capabilities and adopt e-commerce platforms.

    The Minister wrapped up her SBM-related activities on October 30 by announcing a new partnership between the First Nations Health Authority and the CAN Health Network that will help over 200 First Nations communities across British Columbia access health care innovations from Canadian start-ups. Start-ups in the health care sector have expressed that they face unique challenges breaking into the new market and increasing uptake of their technologies. The federal government’s investment in the CAN Health Network is connecting innovative health care providers with promising start-ups that are offering made-in-Canada solutions to meet their unique needs and challenges.

    Quotes

    “Small businesses are the heart of our communities and the backbone of our economy, employing nearly 8 million hard-working Canadians. It was incredible to spend Small Business Month celebrating their invaluable contributions and meeting key organizations that are dedicated to helping entrepreneurs thrive. Our government will continue to have the backs of small businesses from coast to coast to coast, whether they’re just starting out, looking to grow or striving to extend their reach into new markets.”
    – The Honourable Rechie Valdez, Minister of Small Business 

    Quick facts

    • The Canada Carbon Rebate for Small Businesses is a refundable tax credit to return a portion of federal fuel charge proceeds directly to eligible businesses.

      • Businesses will not have to apply for this rebate. The Canada Revenue Agency will determine and automatically issue the rebate amounts for eligible businesses based on the payment rates of each applicable province for the corresponding fuel charge years, as specified by the Minister of Finance.
      • The rebate will be available to eligible Canadian-controlled private corporations that had 499 or fewer employees in Canada throughout the calendar year in which the applicable fuel charge year began.
      • The federal fuel charge currently applies in the provinces of Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Saskatchewan. The Government of Canada does not keep any direct proceeds from pollution pricing. All direct fuel charge proceeds are returned in the province or territory of origin.
    • The Code of Conduct for the Payment Card Industry in Canada was first released in 2010 and was last updated in 2015.

      • All major payment card network operators in Canada incorporate the code into their rules, making it binding on all their network participants: issuers, acquirers and payment processors.
      • More than 1 million businesses that accept payment cards in Canada will benefit from the code revisions. In 2023, these businesses accepted approximately 14.1 billion card payments worth $1.2 trillion.
      • The increased transparency and disclosure elements of the revised code require payment processors to notify eligible businesses if network fee reductions will not be passed on in full. Additionally, payment processors must remind those businesses of their right to terminate their contract, enabling them to switch to a processor that passes on the benefits of rate reductions.
      • Under the existing code, businesses have the right to exit their contracts without penalty if they do not receive the full benefits of certain network fee decreases, such as the upcoming small business interchange reductions. But businesses have not always been aware of this right.
    • Businesses pay fees to process credit card transactions, with the largest component being the interchange fee paid to credit card–issuing financial institutions, such as banks. The federal government has finalized agreements to lower these fees for small businesses starting on October 19, 2024. Visa and Mastercard have agreed to:

      • reduce domestic consumer credit interchange fees for in-store transactions to an annual weighted average interchange rate of 0.95%
      • reduce domestic consumer credit interchange fees for online transactions by 10 basis points, resulting in reductions of up to 7%
      • provide free access to online fraud and cybersecurity resources to help small businesses grow their online sales while preventing fraud and chargebacks
      • allow small businesses to qualify with each credit card network individually
    • Small businesses with an annual Visa sales volume below $300,000 will qualify for the lower interchange fees from Visa, and those with an annual Mastercard sales volume below $175,000 will qualify for the lower fees from Mastercard.

    • Non-profit organizations with transaction volumes below these thresholds will also benefit from reduced rates.

    Contacts

    Callie Franson
    Senior Communications Advisor and Issues Manager
    Office of the Minister of Small Business
    callie.franson@ised-isde.gc.ca

    Media Relations
    Innovation, Science and Economic Development Canada
    media@ised-isde.gc.ca

    Stay connected

    Follow Canada Business on social media.
    X (Twitter): @canadabusiness | Facebook: Canada Business | Instagram: @cdnbusiness

    For easy access to government programs for businesses, download the Canada Business app.

    MIL OSI Canada News –

    January 26, 2025
  • MIL-OSI Security: Haskell Resident Sentenced for Robbery

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

    MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Keith Wyatt Underwood, age 32, of Haskell, Oklahoma, was sentenced to 77 months in prison for one count of Robbery in Indian Country.

    The charges arose from an investigation by the Haskell Police Department, the Federal Bureau of Investigation, and the Bureau of Alcohol, Tobacco, Firearms and Explosives.

    On July 10, 2023, Underwood pleaded guilty to the charge.  According to investigators, on July 24, 2022, Underwood was discovered by a property owner stealing copper cables from a Muskogee County property.  Underwood then pulled a revolver on the resident before driving away with the stolen cables.  The crime occurred in Muskogee County, within the boundaries of the Muscogee (Creek) Nation Reservation, in the Eastern District of Oklahoma.

    The Honorable John C. Coughenour, Senior District Judge in the United States District Court for the Western District of Washington, sitting by assignment, presided over the hearing in Muskogee, Oklahoma.  Underwood will remain in the custody of the U.S. Marshal pending transportation to a designated United States Bureau of Prisons facility to serve a non-paroleable sentence of incarceration.

    Assistant U.S. Attorney Benjamin D. Traster represented the United States.

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI Security: Stilwell Resident Sentenced to 24 Years for Murder and Federal Firearms Offense

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

    MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Jerry Lee Matlock, Jr., age 41, of Stilwell, Oklahoma, was sentenced to 168 months in prison for one count of Second Degree Murder in Indian Country, and 120 months in prison for one count of Use, Carry, Brandish and Discharge of a Firearm During and in Relation to a Crime of Violence.  The sentences are set to be served consecutively for a total of 288 months in prison.

    The charges arose from an investigation by the Federal Bureau of Investigation, the Adair County Sheriff’s Office, and the Oklahoma State Bureau of Investigation.

    On February 12, 2024, Matlock pleaded guilty to the charges.  According to investigators, on the evening of September 14, 2021, Matlock intentionally fired his rifle at an individual from inside a pickup truck, then drove from the scene of the crime.  Adair County deputies responding to a shooting discovered a Stilwell resident deceased from a gunshot wound to the chest.  Law enforcement apprehended Matlock less than a mile away, parked in his pickup truck, with a Remington 700 bolt action rifle and ammunition.  The crimes occurred in Adair County, within the boundaries of the Cherokee Nation Reservation, in the Eastern District of Oklahoma.

    The Honorable John C. Coughenour, Senior U.S. District Judge in the United States District Court for the Western District of Washington, sitting by assignment, presided over the hearing in Muskogee, Oklahoma.  Matlock will remain in the custody of the U.S. Marshal pending transportation to a designated United States Bureau of Prisons facility to serve a non-paroleable sentence of incarceration.

    Assistant U.S. Attorney Kevin Gross represented the United States.

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI Security: Tahlequah Resident Sentenced to 25 Years for Murder

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

    MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Timothy Randall England, age 36, of Tahlequah, Oklahoma, was sentenced to 300 months in prison for the 2023 murder of a Stilwell resident.

    The charge arose from investigations by the Cherokee County Sheriff’s Office, the Cherokee Nation Marshal Service, the Adair County Sheriff’s Office, the Oklahoma State Bureau of Investigation, and the Federal Bureau of Investigation.

    On April 30, 2024, England pleaded guilty to one count of Murder in Indian Country—Second Degree.   According to investigators, on February 7, 2023, England traveled to a Stilwell residence, waited outside for the resident to arrive, then fired upon the victim eight times with a 7.62×39 rifle before fleeing the scene.  Three of the shots struck the victim, who died at the scene.  England was later apprehended by the Cherokee Nation Marshal Service in Tahlequah and arrested without incident.  The crime occurred in Adair County, within the boundaries of the Cherokee Nation Reservation, in the Eastern District of Oklahoma.

    The Honorable Raúl M. Arias-Marxuach, Chief Judge in the U.S. District Court for the District of Puerto Rico, sitting by assignment, presided over the hearing in Muskogee.  England will remain in the custody of the U.S. Marshal pending transportation to a designated United States Bureau of Prisons facility to serve a non-paroleable sentence of incarceration.

    Assistant U.S. Attorney Kevin Gross represented the United States at sentencing.

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI Security: Gore Resident Sentenced to Ten Years in Prison for Child Abuse and Neglect

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

    MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Mason Anthony Wilson, age 28, of Gore, Oklahoma, was sentenced to 120 months in prison for one count of Child Abuse in Indian Country and 120 months in prison for one count of Child Neglect in Indian Country.  The terms are set to be served concurrently.

    The charges arose from an investigation by the Muskogee Police Department and the Federal Bureau of Investigation.

    On June 5, 2024, a federal jury found Wilson guilty at trial on both counts.  According to investigators, in April 2022, Wilson caused injuries to a 2-month-old baby in his care, including multiple fractured bones, and failed to provide medical care for the child.  The crimes occurred in Sequoyah County, within the boundaries of the Cherokee Nation Reservation of Oklahoma, in the Eastern District of Oklahoma.

    The Honorable Kea W. Riggs, U.S. District Judge in the United States District Court for the District of New Mexico, sitting by assignment, presided over the hearing in Muskogee, Oklahoma.  Wilson will remain it the custody of the U.S. Marshal pending transportation to a designated United States Bureau of Prisons facility to serve a non-paroleable sentence of incarceration.

    Assistant U.S. Attorneys Sarah McAmis and Jessica Bove represented the United States.

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI Security: Coal County Resident Sentenced for Manslaughter

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

    MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Ronald Wayne Yarbrough Jr., age 54, of Lehigh, Oklahoma, was sentenced to 115 months in prison for voluntary manslaughter.

    The charge arose from an investigation by the Federal Bureau of Investigation.

    On August 31, 2023, Yarbrough pleaded guilty to an Information of one count of Voluntary Manslaughter in Indian Country.  According to investigators, on November 24, 2022, Yarbrough instigated a fight outside the family home.  During the fight, Yarbrough stabbed the victim in the neck.  The victim was later declared dead at an area hospital.  The crime occurred in Coal County, within the boundaries of the Choctaw Nation Reservation, in the Eastern District of Oklahoma.

    The Honorable Kea W. Riggs, U.S. District Judge in the United States District Court of New Mexico, sitting by assignment, presided over the hearing in Muskogee, Oklahoma.  Yarbrough will remain in the custody of the U.S. Marshal pending transportation to a designated United States Bureau of Prisons facility to serve a non-paroleable sentence of incarceration.

    Assistant U.S.  Attorney Jordan Howanitz represented the United States.

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI: Natural Gas Services Group, Inc. Announces the Appointment of Jean Holley to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Midland, Texas, Nov. 01, 2024 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (“NGS” or the “Company”) (NYSE: NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that its Board of Directors has appointed Jean Holley as a Director, effective November 1, 2024. In connection with the appointment, the Company increased the size of its Board from six to seven directors.

    “We are excited to welcome Jean to NGS’s Board of Directors,” stated Justin Jacobs, Chief Executive Officer of NGS. “Jean is an accomplished executive with significant expertise across a number of businesses and disciplines which we are confident will serve the Company well. She has served as CIO for several large global businesses and has led digital transformations, turnarounds, operational efficiency plans, M&A, and cybersecurity programs. Further, her role as an independent director and committee member of companies with a rental business model will add great value as we focus on growing our large horsepower rental fleet, expanding our customer base, and optimizing our operations. I look forward to Jean’s guidance and counsel as we work to create meaningful value for NGS shareholders.”

    “I am excited for this opportunity as the Company embarks on such an important growth phase in its corporate evolution,” stated Ms. Holley. “I have been very impressed with NGS’s services, particularly the technology of their units and high levels of service provided to customers, as well as the commitment of the team in executing their large horsepower strategy. I hope to leverage my experience and provide value as it relates to NGS’s technology infrastructure, cybersecurity programs, and data analytic capabilities, all of which are essential in today’s business climate. I believe in NGS’s future and look forward to working with the board and management team to unlock value.”

    “Jean’s addition to the Board of Directors of NGS adds talent that will enhance and support our long-term growth and success,” said Stephen Taylor, Chairman of the Board of NGS. “Her background, expertise and prior board service will blend well with the experience of our present board members. NGS has positioned itself well to execute on our vision and strategy, that being our continued expansion into the large horsepower, infrastructure portion of our industry. Quality additions to our board, like Jean, including expansion of the board to seven directors, support our continuing growth.”

    Ms. Holley is a results-driven business executive with experience successfully leading companies as a Board Director, committee chair, and executive in a wide variety of industries. She is currently on the Board of Directors for Herc Holdings, Inc. (NYSE: HRI), a provider of equipment rentals and services, where she serves as Chairperson of the Compensation and a member of the Nominating and Governance committee. She is also a Board Director for Accord Financial Corp. (TSE: ACD), a leading commercial finance company, and is Chairperson of the Compensation Committee. Previously, Ms. Holley served as Board Director for OneSpan, Inc. (NASDAQ: OSPN), a global provider of enterprise-wide security solutions, also serving as Chairperson of the Nominating and Governance Committee. She has held the title of CIO for several global businesses, and was responsible for all aspects of IT operations, technical services and support, technology trends, and industry futures, including big data/analytics, cybersecurity, digital strategies, and disruptive technologies. Ms. Holley’s numerous accolades include “Georgia CIO of the Year,” and Chicago’s Spotlight Award. She was listed by ComputerWorld as a top CIO, and she was inducted into the Women in Science & Engineering Hall of Fame. Ms. Holley holds a BS from Missouri University of Science & Technology and an MS from Illinois Institute of Technology.

    About Natural Gas Services Group, Inc. (NGS): NGS is a leading provider of natural gas compression equipment, technology, and services to the energy industry. The Company manufactures, fabricates, rents, sells, and maintains natural gas compressors for oil and natural gas production and plant facilities. NGS is headquartered in Midland, Texas, with a fabrication facility located in Tulsa, Oklahoma, a rebuild shop located in Midland, Texas, and service facilities located in major oil and natural gas producing basins in the U.S. Additional information can be found at www.ngsgi.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2023 and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, fundamentals of the compression industry and related oil and gas industry,  compressor demand assumptions, overall industry outlook, the ability of the Company to capitalize on any potential opportunities and general economic conditions.

    For More Information, Contact:

    Anna Delgado, Investor Relations

    (432) 262-2700

    ir@ngsgi.com www.ngsgi.com

    The MIL Network –

    January 26, 2025
  • MIL-OSI USA: Congressman Cohen Expresses Concern at Suggestion Jeffrey Epstein had Compromising Photographs of Trump

    Source: United States House of Representatives – Congressman Steve Cohen (TN-09)

    MEMPHIS – Congressman Steve Cohen (TN-9), a senior member of the Judiciary Committee, today expressed concern that the pedophile financier Jeffrey Epstein reportedly had compromising photographs of Donald Trump with topless young women and showed them to book author Michael Wolff. News of the photographs was reported Thursday evening in The Daily Beast, along with Trump campaign denunciations of the story.

    At the July 24, 2024, Federal Bureau of Investigation Oversight Hearing in the House Judiciary Committee, Congressman Cohen asked FBI Director Christopher Wray about the FBI’s search of Jeffrey Epstein’s home and what was found.  After the hearing, Congressman followed up with Director Wray on this issue and submitted written questions for him about the Epstein case and evidence seized in searches of Epstein’s homes.  Among those questions:

    “Did the FBI retrieve any evidence that prompted the agency to open a new criminal investigation with a target other than Epstein for alleged sexual abuse?

    “Did the FBI recover any evidence that the FBI suspects Mr. Epstein held to blackmail others?

    “Will you open up the FBI’s records about your interactions with, and investigations of, Jeffrey Epstein?”

    The FBI has not yet responded to those questions.   

    See Congressman Cohen’s questions to Wray at the July hearing here.

    # # #

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI USA: $23.5 Million to Reduce Crime in Syracuse Area

    Source: US State of New York

    Governor Kathy Hochul today highlighted $23.5 million in state public safety investments in the City of Syracuse and Onondaga County for law enforcement agencies and community-based organizations, including $2.5 million in new funding to establish diversion programs to strengthen services and connect justice-involved young people with education and employment opportunities. At the same time, Governor Hochul detailed the state’s record-level, $3.2 million investment through the state’s Gun Involved Violence Elimination initiative, $3.2 million in technology and equipment funding for county law enforcement agencies, and $2 million in second-year funding through Project RISE to support community-based organizations addressing the impact of gun violence and providing youth opportunities.

    “Public safety is my number one priority, and we are doubling down our efforts to keep residents of Syracuse and Onondaga County safe by giving more support to law enforcement, bolstering gun violence prevention initiatives and expanding youth diversion programs,” Governor Hochul said. “By utilizing a multi-pronged approach centered around local needs, we are working to rein in criminal activity and create safer neighborhoods and communities.”

    After meeting with local elected and community leaders, Governor Hochul detailed the state’s investment in the City of Syracuse and Onondaga County, administered by the state Division of Criminal Justice Services (DCJS). They then identified solutions to address a spike in property crime involving teenagers that is driving an overall increase in crime in Syracuse through the first nine months of the year as compared to the same time in 2023.

    The City of Syracuse will receive $1.5 million in new funding to establish a new program dedicated to providing justice-system involved youth with structured classes to develop skills, support to navigate the education and justice systems, and internships and other resources with the goal of avoiding further criminal justice system involvement.

    In addition, Governor Hochul will dedicate an additional $1 million to enhance youth justice alternatives and diversion programs and services within the Onondaga County Probation Department. This investment will be paired with dedicated technical assistance from DCJS to help build the capacity of local government and community-based organizations to intervene in the lives of these young people, change their thinking and behavior, and promote positive development.

    Public safety is my number one priority, and we are doubling down our efforts to keep residents of Syracuse and Onondaga County safe by giving more support to law enforcement, bolstering gun violence prevention initiatives and expanding youth diversion programs.”

    Governor Kathy Hochul

    New York State Division of Criminal Justice Services Commissioner Rossana Rosado said, “We have made tremendous progress in driving down gun violence and violent crime in New York State, but communities across the state each have their own unique challenges. Governor Hochul has made it a priority to ensure that DCJS has a record amount of resources available to help our local law enforcement and community partners develop comprehensive strategies and programs to address community-specific spikes in crime rather than relying on a one-size-fits-all approach. We create stronger, safer neighborhoods by listening to, learning from, and investing in our local partners.”

    These two new investments are integral to Governor Hochul’s comprehensive plan to improve public safety, address spikes in crime and further drive down gun violence by recognizing the importance of a multifaceted approach to the problem. By engaging, supporting and funding local law enforcement agencies and community partners; leveraging technology and data; and implementing evidence-based strategies, the state can help localities address their unique crime problems while healing and strengthening neighborhoods and families.

    New York State Police Superintendent Steven G. James said, “The New York State Police is committed to assisting our law enforcement partners in fighting against the widespread criminality in Syracuse and Onondaga County. I appreciate Governor Hochul’s leadership on this public safety mission, and for providing the necessary resources to reduce crime and gun violence to build safer communities.”

    Syracuse Mayor Ben Walsh said, “Syracuse can’t do this work alone; our community must collaborate to address issues of juveniles involved in the Justice system. We’re focused on the balance of holding people accountable, but recognizing that young people need greater support. Diversionary and intervention programs are critical to providing support, giving our youth access to the resources they need, and providing them the skills to be successful in life. Once again, when we’ve asked Governor Hochul to provide assistance for our community, she’s delivered, and I thank her for her attention to the needs of Syracuse.”

    These initiatives in the City of Syracuse and Onondaga County include:

    Project RISE (Respond, Invest, Sustain, Empower): $2 million to 11 community-based organizations in Syracuse that provide mental health services, crisis intervention, mentoring, and vocational training and employment, financial literacy, and conflict resolution, among other services to youth and families at risk or impacted by violence. This is the second year that Syracuse has received funding through the initiative, which engages with community stakeholders to identify and support smaller, grassroots organizations doing life-changing work that haven’t had the administrative capacity to receive state funding. Project RISE will fund three lead organizations – the Center for Community Alternatives and Hillside Children’s Center ($500,000 each) and On Point for College ($1 million) – that will share that funding with eight smaller organizations: Rise Above Poverty, Image Initiative, Fearless Queens, Project SAVE, Diversify NY, Half Hood Half Holistic, Good Life Youth Foundation and Klink Kids.

    Gun Involved Violence Elimination (GIVE) Initiative and the Central New York Crime Analysis Center: $3.2 million to the Onondaga County GIVE partners, the Syracuse Police Department and county district attorney’s office, probation department, and sheriff’s office, and $1.1 million to support the Crime Analysis Center, one of 11 in network funded and supported by the state in partnership with local law enforcement agencies.

    The Syracuse Police Department is one of 28 departments in 21 counties receiving nearly $36 million through GIVE, which requires agencies to use evidence-based strategies to reduce shootings and other violent crime. Last year alone, staff at the Central New York Crime Analysis Center provided investigative support in real-time and handled 12,443 service requests, providing data, information and investigative leads that allowed law enforcement to solve homicides, car and retail theft rings, and remove illegal guns from county streets. All told, the state invests $18 million to support the Crime Analysis Center Network.

    These investments are producing results: Shooting incidents involving injury in Syracuse declined 29 percent when comparing the first nine months of 2024 to the same time last year, and 44 percent when compared to the five-year average (2019-2024). Violent crime in Syracuse decreased 5 percent from January – August 2024, as compared to the same eight months last year; this is the most recent data available.

    SNUG Street Outreach Program: Nearly $2.3 million to Syracuse Community Connections, and Upstate Medical Center to fund outreach workers, hospital responders, social workers and case managers who are credible messengers and work to reduce shootings and save lives. SNUG uses a public health approach to address gun violence by identifying the source, interrupting transmission, and treating individuals, families and communities affected by the violence. Syracuse is one of 14 communities across the state to participate in the program. The state’s investment in SNUG totals $20.3 million this year.

    Law Enforcement Technology and Equipment (LETECH): Nearly $3.2 million to14 police agencies in Onondaga County for new technology and equipment to prevent and solve crimes and improve public safety. This funding supports a variety of equipment and technology, such as license plate readers, mobile and fixed camera systems, computer-aided dispatch systems, software, unmanned aerial vehicles, gunshot detection devices and smart equipment for patrol vehicles and police officers.

    Statewide Targeted Reductions in Intimate Violence (STRIVE) initiative: Nearly $1.9 million to Onondaga County. New York City and Onondaga and 19 other counties outside of the five boroughs are sharing a record-level, $35 million to strengthen the public safety response to intimate partner abuse and domestic violence and better support survivors. Modeled after GIVE, STRIVE requires law enforcement and community partners in each county to use evidence-based strategies and ensure that community members and programs that serve victims and survivors are actively involved in strategy selection and implementation. One or more of the following strategies must be used: domestic violence high-risk team model, lethality assessment program, or intimate partner violence intervention.

    The Division of Criminal Justice Services provides critical support to all facets of the State’s criminal justice system, including, but not limited to: training law enforcement and other criminal justice professionals; analyzing statewide crime and program data; providing research support; and managing criminal justice grant funding. Follow DCJS on Facebook, Instagram and X.

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI USA: Booker Secures $47 Million Federal Grant for Mercer County to Replace 100-Year-Old Lincoln Avenue Bridge in Trenton

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker
    NEWARK N.J. –  Today, U.S. Senator Cory Booker (D-NJ) announced $47 million in federal funding to replace the nearly century-old Lincoln Avenue Bridge in Trenton, New Jersey. This funding was awarded to Mercer County through the U.S. Department of Transportation’s (USDOT) Federal Highway Administration’s (FHWA) Bridge Investment Program (BIP). Senator Booker strongly advocated for Mercer County’s grant application, providing letters of support for three consecutive years, including in January of this year.
    This grant is part of a new round of funding through President Biden’s Bipartisan Infrastructure Law that will build, repair, and modernize regionally significant bridges in 19 states. The FWHA announced nearly $635 million total for 22 small and medium-sized bridge projects with the funding for the Lincoln Avenue Bridge being the fourth largest award in this announcement.
    The County’s Lincoln Avenue Bridge Replacement Project will include the construction of a new bridge over Amtrak’s Northeast Corridor Rail Line, an inactive rail yard, and Assunpink Creek, which is a tributary of the Delaware River. The bridge, which was built in 1931 and has served Trenton’s communities for decades, is now close to structural failure and in need of urgent replacement.
    “The Lincoln Avenue Bridge has served Trenton’s residents for generations but has now reached the end of its lifespan,” said Senator Booker. “I am proud to have helped secure this unprecedented $47 million investment to replace this century-old bridge, and ensure everyone in Mercer County has access to safe and reliable infrastructure for years to come.”
    “I am so excited to announce this significant investment from the Biden-Harris Administration to improve the Lincoln Avenue Bridge,” said Rep. Watson Coleman. “This funding will improve the safety, reliability, and durability of the Lincoln Ave bridge, which thousands of Trentonians cross daily, whether to get to work, pick up their kids, run to the grocery store, attend school, or meet up with friends. I’m incredibly grateful to the Biden-Harris Administration, Secretary Buttigieg, Mercer County, and the City of Trenton for their partnership.”
    “I want to thank Senator Booker and Congresswoman Watson Coleman for partnering with us to procure the largest infrastructure grant in Mercer County history. For nearly a century The Lincoln Avenue Bridge has tied together neighborhoods in our Capital City, and by replacing the aging structure we ensure that this corridor remains safe and accessible to Trenton residents for generations to come. We’re excited to kick off another major public works project for Mercer County, and we look forward to using local labor to build under a Project Labor Agreement,” said Mercer County Executive Dan Benson.
    “The DOT’s Bridge Investment Program funding is essential for advancing the Lincoln Avenue Bridge project,” said Trenton Mayor Reed Gusciora. This funding will not only enhance accessibility and safety for our community, but will also ensure that our infrastructure is equipped to meet the needs of today and tomorrow. We are grateful for this investment in our Capital City.”

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI Security: Transporting and Possessing Child Pornography Nets District Man More Than Seven Years in Federal Prison

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

                WASHINGTON – Stephen Rattley Johnson, 37, of Washington, D.C., was sentenced today in U.S. District Court to 7.5 years in prison for uploading and possessing videos in 2020 depicting the rape and sadistic sexual abuse of prepubescent girls.

                The sentencing was announced by U.S. Attorney Matthew M. Graves, FBI Acting Special Agent in Charge David Geist of the Washington Field Office’s Criminal and Cyber Division, and Chief Pamela A. Smith of the Metropolitan Police Department.

                Johnson was found guilty by a federal jury on April 17, 2024, of five counts of transportation of child pornography and one count of possession of child pornography. On the possession count, the jury further found that the child pornography involved minors under 12 years of age, an aggravating circumstance that doubles the statutory maximum sentence. In addition to the prison term, U.S. District Court Judge Carl J. Nichols ordered Johnson to pay $52,600 in restitution and special assessments. Upon release from his prison term, Johnson will be required to serve 10 years of supervised release and register as a sex offender.

                According to court documents and the evidence presented at trial, on September 21, 2020, and October 1, 2020, Johnson uploaded hundreds of child pornography files to his Google Drive cloud storage account. Google identified 220 of the files as known child pornography and closed Johnson’s account. Consistent with its statutory obligations, Google reported the material to the National Center for Missing and Exploited Children, which in turn referred the matter to law enforcement. As part of its investigation, investigators obtained the contents of Johnson’s Google account, which included hundreds of child pornography files.

                Law enforcement arrested Johnson on October 7, 2021, and searched his then-residence in the H Street Corridor of Northeast Washington. Among other evidence, law enforcement seized his cellphone and the laptop Johnson had used to upload the child pornography. Although Johnson deleted the child pornography from his computer after Google closed his account, digital forensics experts were able to recover artifacts showing that Johnson had downloaded many of the files as early as April 2020 and that he had opened and watched them. Many of the files are videos depicting the rape and sadistic sexual abuse of prepubescent girls. In addition, Johnson’s web browser history showed that he had navigated to child pornography online—including several of the files he later uploaded to Google—and evidence from his cellphone showed that he continued to seek out child pornography even after Google closed his account.

                The case was investigated by the FBI Washington Field Office and Metropolitan Police Department’s Child Exploitation and Human Trafficking Task Force; the Northern Virginia and Washington, D.C., Internet Crimes Against Children Task Force; and the High Technology Investigative Unit of the Criminal Division’s Child Exploitation and Obscenity Section (CEOS).

                This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the 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 www.justice.gov/psc.

                Assistant U.S. Attorney Paul V. Courtney and Special Assistant U.S. Attorney Ryan Lipes prosecuted the case, with valuable assistance from Assistant U.S. Attorneys Janani Iyengar and Jocelyn Bond.

    22cr176

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI USA: Murphy, Blumenthal, Larson, DeLauro Announce $250,000 To Prevent Pollution

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    November 01, 2024

    EAST HARTFORD—U.S. Senators Chris Murphy (D-Conn.) and Richard Blumenthal (D-Conn.) and U.S. Representatives John Larson (D-Conn.-01) and Rosa DeLauro (D-Conn.-03) announced the Connecticut Department of Energy and Environmental Protection (CT DEEP) has been selected to receive $250,000 in federal grants to provide technical assistance to help Connecticut businesses develop and adopt pollution prevention practices in local communities.
    CT DEEP will partner with the Toxic Use Reduction Institute at University of Massachusetts Lowell to identify safer cleaning and sanitizing products for craft beverage manufacturers in Connecticutto reduce energy use and greenhouse gas emissions, solid and hazardous waste, water pollution and toxic chemicals. CT DEEP will also continue to work with other New England states to offer the BetterBev recognition program, which incentivizes businesses to carry out pollution reduction measures. Facilities in or adjacent to communities with environmental justice concerns will be prioritized.
    “We won’t achieve our climate goals unless everybody is involved in the fight, but small businesses often face greater barriers to making the upfront investments for cleaner practices. By providing direct technical support to Connecticut’s local craft beverage manufacturers, this $250,000 in federal funding from the Bipartisan Infrastructure Law will help small business owners across our state adopt more sustainable, cost-effective practices that reduce harmful emissions, strengthen our economy, and safeguard the health of our communities for generations to come,” said Murphy.
    “This investment in greener craft breweries and wineries will help them be even more successful as environmental stewards. With greater technical aid, beverage businesses can expand consumer appeal by reducing pollution and protecting natural resources. It’s a boost for our economy and environment,” said Blumenthal.
    “Addressing pollution at the source is key to protecting community health and taking on the threat of climate change,” said Larson. “I have been proud to work with the entire Connecticut Congressional delegation to deliver federal funding for projects to combat pollution and ensure all communities have access to clean air and water. This funding will support ongoing work at the state and local level to invest in innovative solutions that protect our environment, combat pollution, and help reduce energy bills.”
    “Thanks to the Infrastructure Investment and Jobs Act, CT DEEP can bolster its work with businesses across our state to reduce pollution,” said DeLauro. “These funds will help drive economic growth and ensure Connecticut leads the way in combatting pollution. The climate crisis is here, and it is an existential threat. We must do all we can to reduce pollution and protect our planet for generations to come.”
    “Every community deserves clean air, safe water, and a healthy environment—and pollution prevention grants help achieve that by reducing waste at the source. By adopting smarter and innovative practices that limit the use of toxic materials and conserve resources, these investments are helping our partners to support New England businesses to cut costs, grow sustainably, and protect the environment,” said EPA Regional Administrator David W. Cash. “Thanks to the Biden-Harris Administration, together we’re creating lasting benefits for local economies and ensuring that environmental progress and economic growth go hand in hand and reach all communities, including those that need it most. That’s Investing in America.”
    EPA’s Pollution Prevention Grant Program advances President Biden’s Justice40 Initiative, which set a goal to deliver 40% of the overall benefits from certain federal investments to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. In total, EPA has announced 48 selectees across the country that will collectively receive nearly $19 million in grants to support states, Tribal Nations, and U.S. territories in providing technical assistance to businesses to develop and adopt pollution prevention (P2) practices in local communities. This includes any practice that reduces, eliminates, or prevents pollution at its source prior to recycling, treatment, or disposal. Thanks to President Biden’s Bipartisan Infrastructure Law, nearly half of the funds awarded this year were made available with no cost share/match requirement.
    Between 2011-2022, EPA’s Pollution Prevention program issued over 500 grants totaling more than $54 million, which have helped businesses identify, develop, and adopt P2 approaches. These approaches have resulted in 31.9 billion kWh in energy savings, eliminated 20.8 million metric tons of greenhouse gases, saved 52 billion gallons of water, reduced 1 billion pounds of hazardous materials, and saved businesses more than $2.3 billion.

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI USA: Murphy, Connecticut Delegation Announce $77.8 Million In Home Energy Assistance Funding

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    November 01, 2024

    WASHINGTON—U.S. Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Appropriations Committee, and U.S. Senator Richard Blumenthal (D-Conn.) on Friday joined U.S. Representatives John Larson (D-Conn.-01), Joe Courtney (D-Conn.-02), Rosa DeLauro (D-Conn.-03), Jim Himes (D-Conn.-04) and Jahana Hayes (D-Conn-05) to announce Connecticut will receive $77,834,656 from the Low-Income Home Energy Assistance Program (LIHEAP) to help reduce heating costs for low-income families in Connecticut ahead of the winter season. This is the first allocation of LIHEAP dollars this season.
    “For too many families in Connecticut, falling temperatures mean having to choose between heating your home or putting food on the table. This $77.8 million in LIHEAP funding will help ease that burden for households feeling the strain of rising energy costs this winter, and as a member of the Senate Appropriations Committee, I’ll keep working with our delegation to ensure Connecticut families continue to have the support they need so they don’t have to make those difficult choices,” said Murphy.
    “This home heating aid is desperately needed by families who face a frigid winter without fuel for basic warmth,” said Blumenthal. “With $77.8 million, many families will be assured this basic necessity. Every day, I see and speak to people struggling to make ends meet and worrying about financial hardships and challenges. I’ll fight for more federal support for LIHEAP and other programs that help them with essential needs.”
    “As we approach the winter months, we must ensure all families are able to heat their homes without breaking the bank,” said Larson. “Thanks to the steadfast leadership of Rep. Rosa DeLauro on the Appropriations Committee, I am thrilled to join the entire Connecticut delegation to announce $77.8 million in new funding to help families afford their energy bills. We will continue to work together to ensure Connecticut residents can get the assistance they need this season.” 
    “There’s no question high energy costs are pinching homeowners’ wallets. As we head into the colder months, this $77 million federal investment in heating and energy assistance will bring welcomed relief to Connecticut residents,”  said Courtney. 
    “High costs are spreading families thin,” said DeLauro. “No family should have to choose between keeping their home warm during the colder months, keeping their lights on, or putting food on the table. As Ranking Member of the House Appropriations Committee, I secured $77.8 million for the program to help Connecticut’s families keep warm this season. Every family deserves warmth. I am committed to ensuring no household goes cold this winter.”
    “Too many families have to worry about rising energy costs that make it increasingly difficult to pay their heating bills and keep their children warm in the coming months,” said Himes. “LIHEAP offers a lifeline to struggling Americans to ensure every home offers a reprieve from our cold New England winter. I am proud to help deliver nearly $78 million to Connecticut in federal funding, including over $4 million from President Biden’s Infrastructure Investment and Jobs Act.”
    “LIHEAP is a lifeline for many families faced with rising heating costs. I am delighted $77.8 million is coming back to Connecticut to help families stay warm this winter,” said Hayes. “This assistance will help to ease the burden of high heating costs. In Congress, I will continue to advocate for additional funding for this vital resource, which lowers utility costs and prevents shut offs across Connecticut.”
    The U.S. Department of Health and Human Services (HHS), through the Office of Community Services (OCS) at the Administration for Children and Families (ACF), announced the release of $3.6 billion in LIHEAP funding to all 50 states, the District of Columbia, three territories, and more than 125 tribes. This amount includes the regular block grant appropriation and an additional $100.1 million appropriated from President Biden’s Bipartisan Infrastructure Investment and Jobs Act (IIJA). 
    Connecticut was awarded a total of $77,834,656 to assist low-income families ahead of the winter season. This includes:
    $73,556,784 from the regular LIHEAP block grant funding
    $4,273,891 in funding appropriated for FY2025 from IIJA and $3,981 in LIHEAP dollars the state returned in FY23

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI USA: Attorney General Alan Wilson announces Simpsonville man gets 25 years for sex charges against minorsRead More

    Source: US State of South Carolina

    (COLUMBIA, S.C.) – Attorney General Alan Wilson announced that Andrew Scott Walker pleaded guilty to one count of Sexual Exploitation of a Minor, 1st Degree, and one count of Criminal Sexual Conduct with a Minor, 3rd Degree in Greenville County on October 31, 2024, before Judge Perry Gravely.

     

    In January 2021, the Simpsonville Police Department responded to a residence after receiving a report from a concerned citizen that she discovered nude images of children on the phone of a man she knew. The Simpsonville Police Department seized the cell phone and searched the device, in which more pictures and videos were discovered of Walker sexually assaulting one of the children, and his voice was identified. The children were also identified.

     

    Judge Gravely sentenced Walker to 10 years in prison on the Sexual Exploitation of a Minor, 1st Degree charge, which is to run consecutive to the Criminal Sexual Conduct with a Minor, 3rd Degree charge, for which he received 15 years, for a total sentence of 25 years. He must register as a sex offender upon his release, consented to a forfeiture order, and a permanent restraining order was signed for the victims.

     

    Assistant Attorney General Kristen Johnson prosecuted the case.

     

    Attorney General Wilson thanks Investigator Jim Donnely from the Simpsonville Police Department, the Simpsonville Police Department, and the Greenville County Sheriff’s Office who assisted in the investigation. 

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI Security: U.S. Marshals-led Operation Safe Haven Arrests More Than 53 Fugitives in Southern District of Ohio

    Source: US Marshals Service

    Columbus, OH – The U.S. Marshals Service Southern Ohio Fugitive Apprehension Strike Team (SOFAST) arrested 53 violent Felony Domestic Violence and Felony Family Violence fugitives during a fugitive apprehension initiative called Operation Safe Haven.

    Enforcement activities covered 31 operational days, from Oct 1 to Oct 31, and targeted fugitives with Felony Domestic Violence and Felony Family Violence arrest warrants, prioritizing those who used firearms in the commission of crimes or signaled high-risk factors for violence. Operation Safe Haven resulted in the arrest of fugitives on charges to include homicide, forcible sexual assault, domestic violence, aggravated assault, and child abuse.

    Notable arrests included: On 10/17/2024, Columbus SOFAST arrested Justin Woolum. Woolum was wanted by the Kenova Police Department (WV) for Rape of a Minor. Columbus SOFAST arrested Woolum in Lancaster, OH.

    On 10/30/2024, Dayton SOFAST arrested James Wilson. Wilson was wanted by Dayton Police Department for Felony Domestic Violence and Strangulation. The United States District Court for the Southern District of Ohio also issued an arrest warrant for Wilson charging him with a Supervised Release Violation.

    On 10/01/2024, Columbus SOFAST and FCSO (Franklin County Sheriff’s Office) SWAT arrested Aaron Rice. Rice was wanted by the Springfield Police Division for Felonious Assault and Weapons Offenses. Rice was indicted for Abduction and Kidnapping. An investigation indicated that, while Rice was a fugitive for the Felonious Assault case, he kidnapped the victim and a small child. Rice drove the victims from Ohio to Tennessee where they escaped. Rice was also facing Felony Domestic Violence charges in the State of Tennessee at the time of his arrest.

    On 10/18/2024, Cincinnati SOFAST arrested Timothy Cromwell. Cromwell was wanted by the Colerain Township Police Department for the Abduction and Kidnapping of the victim at gun point.

    On 10/25/2024, Cincinnati SOFAST arrested Jurabek Sherov. Sherov was wanted by the Warren County Sheriff’s Office for kidnapping the victim and holding her hostage for several days at gun point. Sherov was also charged with Rape, and Strangulation.

    “Every day our Deputy U.S. Marshals and Task Force officers are out locating and apprehending our most violent offenders. As part of Domestic Violence Awareness Month, the U.S. Marshals and our law enforcement partners focused on locating those suspects accused of violent crimes relating to domestic violence. Removing these dangerous fugitives from our community can hopefully bring some peace to the victims and serve as a deterrent to others to not commit these sorts of crimes”. – Michael D. Black, U.S. Marshal, Southern District of Ohio.

    Columbus SOFAST is a fugitive-focused, U.S. Marshals Service-led task force consisting of local, state and federal authorities including the Columbus Division of Police, Franklin County Sheriff’s Office, Ohio Adult Parole Authority, Ohio State Highway Patrol, Immigration and Customs Enforcement, Bexley Police Department, Capital University Police Department, Delaware County Probation Office, Groveport Police Department, Hocking County Sheriff’s Office, Lancaster Police Department, Ohio Attorney General Bureau of Criminal Investigation, Ohio Division of State Fire Marshal, Office of Inspector General Social Security Administration, United States Attorney’s Office, Utica Police Department, Whitehall Police Department, and Zanesville Police Department.

    Dayton SOFAST is a multi-jurisdictional, U.S. Marshals Service- led task force comprised of the Dayton Police Department, Ohio Adult Parole Authority, Ohio State Highway Patrol, Shelby County Sheriff’s Office, Springfield Division of Police, Greene County Prosecutor’s Office, Miami County Sheriff’s Office, Montgomery County Prosecutor’s Office, Perry Township Police Department, Greenville Police Department, Springboro Police Department, Franklin Police Department, United States Secret Service, Warren County Sheriff’s Office, West Carrollton Police Department, and the Xenia Police Department.

    Cincinnati SOFAST is a U.S. Marshals Service-led task force consisting of local, state, and federal authorities including the Adult Parole Authority, Butler County Sheriff’s Office, Hamilton County Sheriff’s Office, Butler County Probation Office, Colerain Township Police Department, Department of Homeland Security/ Immigration and Customs Enforcement, Golf Manor Police Department, Harrison Police Department, Mount Orab Police Department, Social Security Administration Office of the Inspector General, Trenton Police Department, Warren County Prosecutor’s Office, and Warren County Sheriff’s Office.

    Anyone with information on any fugitive may submit an anonymous web tip.
     

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI: Crown LNG Announces Execution of Final Agreements to Acquire Kakinada and Grangemouth LNG Import Terminal Assets

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Nov. 01, 2024 (GLOBE NEWSWIRE) — Crown LNG Holdings Limited (Nasdaq: CGBS) (“Crown” or “Crown LNG”), a leading provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, today announced the conclusion of two strategic acquisition agreements forming the basis of Crown LNG’s entry into the global LNG infrastructure network: KGLNG and Grangemouth. The KGLNG agreement finalizes the acquisition of all shares of KGLNG, which owns the operating license for the Company’s planned LNG import terminal in Kakinada, India. The Grangemouth agreement finalizes the acquisition of LNG import terminal assets in Grangemouth, Scotland from GBTron Lands Limited.

    The Kakinada project, located on the East coast of India, is licensed to operate 365 days a year, a first for the harsh weather prone area. Imported gas from the planned terminal would reach demand centers via the East-West Pipeline, helping to support the Indian government’s drive to more than double the share of natural gas in the country’s energy mix to 15% by 2030.

    Total consideration for the KGLNG acquisition will be made in shares of Crown LNG equal to $60 million.

    The Grangemouth project, located on the East coast of Scotland, seeks to support the UK’s increasing drive for energy security post-Brexit and in the context of geopolitical impacts on energy markets. Currently, the UK relies on just three facilities for all of the country’s LNG imports, which increased 74% from 2021 to 2022.

    Total consideration for the GBTron acquisition will be made in shares of Crown LNG equal to $25 million.

    “We are excited and proud to announce the execution of these two transactions and move these two projects down the path,” said Swapan Kataria, Chief Executive Officer of Crown LNG. “With Crown LNG and our subsidiaries now firmly in control of the Kakinada and Grangemouth projects, we look forward to driving the success of these two transformative projects for both India and the UK.”

    Crown remains dedicated to delivering exceptional LNG liquefaction and regasification terminal infrastructure solutions services that cater to the evolving needs of the under-served markets across the globe. As we focus on expanding our operations in Europe and South Asia, we continue to forge strategic partnerships and explore new opportunities to provide efficient and reliable solutions.

    About Crown LNG Holdings Limited
    Crown LNG is a leading provider of offshore LNG liquefaction and regasification terminal infrastructure solutions for harsh weather locations, which represent a significant addressable market for bottom-fixed, gravity based (“GBS”) liquefaction and floating storage regasification units, as well as associated green and blue hydrogen, ammonia and power projects. Through this approach, Crown aims to provide lower carbon sources of energy securely to under-served markets across the globe. Visit www.crownlng.com/investors for more information.

    Forward-Looking Information and Statements

    Certain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of Crown’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Crown. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Crown LNG Holdings Limited Contacts

    Investors
    Caldwell Bailey
    ICR, Inc.
    CrownLNGIR@icrinc.com

    Media
    Zach Gorin
    ICR, Inc.
    CrownLNGPR@icrinc.com

    The MIL Network –

    January 26, 2025
  • MIL-OSI USA: Honoring Fallen Retired Senior Investigator John L. Carey

    Source: US State of New York

    Governor Kathy Hochul today announced that flags will be flown at half-staff from sunrise to sunset on Saturday, Nov. 2 in honor of Senior Investigator John L. Carey — a retired New York State Police member who passed away from illness linked to his assignment at the World Trade Center following the terrorist attacks of Sept. 11, 2001.

    “Senior Investigator Carey was a dedicated member of the New York State Police, and his passing is a reflection of the relentless bravery and unimaginable sacrifice that defines both a public servant and a hero,” Governor Hochul said. “The terrorist attacks of Sept. 11 have claimed the life of another New Yorker, a New Yorker who will always be remembered for protecting his community and for his fearlessness in service.”

    Senior Investigator Carey joined the State Police in 1982 and served for 32 years until his retirement on July 30, 2014. In September 2001, he was sent on a two-week assignment to Ground Zero to identify victims of the attacks on the World Trade Center, where he was then exposed to the toxic chemicals and fumes at the scene.

    Senior Investigator Carey is survived by his wife, Christine; their four children, Andrew, Ashley, Adam and Jennifer; and his granddaughter, Grace Elizabeth.

    MIL OSI USA News –

    January 26, 2025
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