Category: Middle East

  • MIL-OSI China: Hamas demands release of prisoners to resume Gaza peace talks

    Source: China State Council Information Office

    People welcome a released Palestinian prisoner in the West Bank city of Ramallah, Feb. 8, 2025. [Photo/Xinhua]

    Hamas on Monday said ensuring the agreed-upon release of more than 600 Palestinian prisoners by Israel is a prerequisite for further talks aimed at consolidating the ceasefire in Gaza.

    In a press statement, Bassem Naim, a senior Hamas official, said any future discussions with Israel would only proceed if Israel meets the key condition of releasing the prisoners.

    “Any indirect negotiations with Israel will only take place if a fundamental condition is fulfilled — the release of the over 600 Palestinian prisoners as agreed,” Naim said.

    Naim insisted that mediators — Egypt, Qatar, and the United States — must ensure Israel adheres to the terms of the agreement, which include releasing Palestinian prisoners.

    This statement came two days after Israeli Prime Minister Benjamin Netanyahu postponed the release of more than 600 Palestinian prisoners, which was part of the seventh batch of prisoner-for-hostage exchanges between Israel and Hamas.

    According to Netanyahu’s office, the delay was a response to what it described as “provocations” by Hamas, including the “disgraceful hostage release ceremonies that dishonor hostages and the cynical use of hostages for propaganda purposes.”

    Netanyahu’s office emphasized that the release of Palestinian prisoners would be contingent on guarantees from mediators that Hamas would not engage in similar acts of “provocation” in the future.

    The ceasefire, which followed 15 months of intense conflict in Gaza, was agreed by Hamas and Israel on January 15 and went into effect on January 19.

    MIL OSI China News

  • MIL-OSI China: Silk Road-themed art exhibition opens in Istanbul

    Source: China State Council Information Office 3

    An international art exhibition opened in Türkiye’s Istanbul on Monday, highlighting the cultural connections among China, Türkiye, and other nations along the Silk Road.

    The opening took place in the Maltepe district of Istanbul, attracting a varied audience that included university students, scholars, diplomats from the Chinese consulate in Istanbul, and representatives from the Maltepe Municipality.

    The exhibition showcased nearly 100 exceptional works of art from 34 artists from China, Türkiye, Russia, Iran, and Uzbekistan.

    It also presented a diverse array of artistic expressions, including calligraphy, painting, sculpture, and carpet art, showcasing the rich cultural heritage of participating nations.

    MIL OSI China News

  • MIL-OSI China: Chinese business delegation visits Qatar

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

    DOHA, Feb. 24 — A Chinese business delegation, organized by the China Council for the Promotion of International Trade (CCPIT), visited Qatar from Saturday to Monday to boost bilateral economic and trade ties and promote mutually beneficial cooperation.

    The visit featured extensive talks between the delegation led by CCPIT Vice President Yu Jianlong and Qatari officials and business leaders, including those from the Investment Promotion Agency Qatar and QatarEnergy, and resulted in several cooperation agreements.

    The delegation briefed Qatari political and business figures on China’s economic outlook and its latest opening-up measures.

    It voiced readiness to level up practical business and industrial cooperation between the two countries, actively deepen and consolidate the Belt and Road cooperation, and strengthen bilateral cooperation under such frameworks as the China-Arab States Summit.

    It also welcomed the Qatari business community to participate in the third China International Supply Chain Expo to be held in Beijing from July 16 to 20 to deepen bilateral industrial and supply chain cooperation.

    MIL OSI China News

  • MIL-OSI China: China urges global participation in Int’l Humanitarian Law Initiative

    Source: China State Council Information Office

    Trucks loaded with Chinese aid get ready to set off from the warehouse of Jordan Hashemite Charity Organization in Zarqa, Jordan, on Feb. 18, 2025. [Photo/Xinhua]

    China has called on the international community to actively engage in the International Humanitarian Law (IHL) Initiative, co-launched by China, stressing the importance of joint efforts to uphold humanitarian principles and protect civilians in conflict zones.

    Chen Xu, China’s permanent representative to the UN Office in Geneva and other international organizations in Switzerland, attended a high-level event to galvanize political commitment to IHL. He introduced the IHL Initiative and outlined China’s position on humanitarian issues.

    Noting that the current global humanitarian crisis remains dire, Chen emphasized that promoting effective compliance with IHL is “a pressing challenge of our time” that must be addressed and it is also the concern that served as a driving force behind the initiative’s launch. He stated that the IHL Initiative aims to raise awareness of IHL among the international community, particularly among parties to armed conflicts.

    He stressed that the international community should foster the spirit of humanity, fraternity, and devotion while ensuring the universal and uniform application of IHL, resolutely rejecting double standards and selective application. He added that the fundamental principles of neutrality, impartiality, and independence must be upheld to avoid the politicization of humanitarian issues, and that support for international humanitarian organizations is essential to ensure the safety of humanitarian workers.

    Chen invited all parties to participate in the IHL Initiative and actively contribute to its various workstreams based on their expertise. He also emphasized that traditional Chinese values – such as “a benevolent man loves others” and “do not impose on others what you do not want others to do to you” – embody a deeply rooted humanitarian spirit.

    He said China will remain an active supporter, participant, and contributor to the international humanitarian cause, upholding its vision of building a community with a shared future for mankind and implementing the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative.

    Chen stressed that China remains committed to peace talks, promoting peace and hope in conflict zones, continuing its assistance to Africa and other developing countries, supporting humanitarian organizations to the best of its ability, and alleviating the suffering of people in conflict zones.

    MIL OSI China News

  • MIL-OSI United Nations: Ongoing Liquidity Crisis Hindering United Nations Ability to Retain Geographically Diverse, Skilled Workforce, Delegates Stress as Fifth Committee Resumes Session

    Source: United Nations General Assembly and Security Council

    Stressing that the Organization’s key asset is its staff, many delegates of the Fifth Committee (Administrative and Budgetary) today emphasized the pressure that the ongoing liquidity crisis is having on efforts to rejuvenate the Organization and attract and retain talent from all parts of the world.

    “The human resources policies and the liquidity situation of the United Nations are inextricably linked,” said Singapore’s representative, speaking for the Association of Southeast Asian Nations (ASEAN) during the opening day of the Committee first resumed session.  “We note with concern from the Secretary-General’s report that temporary hiring restrictions imposed as a result of the dismal liquidity situation of the UN have constrained efforts to fill geographical posts that could have gone to un- and under-represented countries.”

    She emphasized that staff training and development are key to building a United Nations that can respond to contemporary challenges.  “While we are cognizant of the UN’s ongoing liquidity challenges, we hope that their training is not compromised to achieve short-term savings,” she said, adding that training locations should not be limited to UN Headquarters.

    Echoing this sentiment, the representative of the European Union, in its capacity as observer, said the Organization’s financial situation must be carefully considered when discussing the Organization’s most essential resources: its staff.  “We strongly believe in the fundamental importance of a comprehensive and strategic workforce planning system,” she said, adding that planning and selection should be closely aligned with a recruitment process that ensures the Organization attracts and hires the most suitable candidates with the right skill sets.  In addition, the 120-day target for staff selection should be met.  “We repeat our call to rejuvenate the Organization and acquire and retain young talent,” she said, adding that talent outreach and well-structured internship programmes are key priorities that “we take very seriously”.

    Speaking on behalf of the Group of 77 and China, Iraq’s delegate said geographical representation and gender parity remain a core concern for the Group, which expects the Secretariat to intensify its efforts to achieve equal representation at all staff levels, with a focus on senior level staff at D-1 and above posts, as well as significant contributions from troop-contributing countries and police-contributing countries.  He noted that the Secretary-General’s staff composition report showed that staff declined by 34 to 36,757 during the reporting period ending on December 2023, due in part to temporary hiring restrictions placed against the regular budget in July 2023. 

    Keen to review the Secretariat’s efforts to improve the Organizaton’s rejuvenation, including through the Young Professionals Programme, the Group notes that during the 2022-2023 biennium, 175,781 applications applied for 2,765 jobs in the internship programme.  “With an average of 63 applicants competing for one vacancy, the Group looks forward to having more information on how the refined internship programme, including the financial support from the UN, will help more applicants from all developing countries be successfully selected as interns,” he added.

    Kuwait’s delegate, speaking on behalf of the Gulf Cooperation Council, agreed that the Organizaton’s staff are its greatest asset and noted that data from Secretariat reports indicate that personnel from the Gulf Cooperation Council countries remain underrepresented.  “Recruiting must be completed to ensure a balance,” he said. Recognizing the unprecedented loss of staff working with the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), he called for the protection of staff and all relief workers.

    The President of the UN Field Staff Union said the Organizaton’s severe liquidity and funding shortfall has created a crisis that threatens the foundation of the staff’s work.  “UN staff — who are the backbone of this institution — are being forced to bear the brunt of these financial constraints.  Workloads are increasing beyond sustainable levels,” he said, urging Member States to meet their financial commitments fully and on time.  “The cost of inaction is measured in human lives.  If we allow this crisis to continue, we are not just failing UN staff; we are failing the world.

    “Fewer staff means fewer peacekeepers in conflict zones, fewer aid workers delivering food and medicine, fewer experts tackling global challenges.  Every member of staff lost weakens our ability to respond to the world’s most pressing crises.  Let me be clear — this is not just about jobs.  It is about the UN’s ability to fulfill its mission,” he said.

    The representative of Switzerland, speaking also for Liechtenstein, welcomed Secretariat efforts to improve mechanisms for recruiting young professionals, including modernizing job descriptions, removing artificial barriers to entry and enhancing digital and language skills.  She also backed the Secretary-General’s proposal to structure and professionalize the UN internship programme.  “We note with interest the recommendations to introduce financial support for interns to strengthen geographical diversity and to offer more structured learning,” she added.

    The representative of the United States said Washington, D.C., will consider proposals using three criteria:  whether the proposal promotes a transparent and accountable system; reflects actual or proposed cost-savings and efficiencies; and how it aligns with his Government’s national interests and priorities, including “making the US safer, stronger and more prosperous”.  To this end, the delegation will defend against efforts to undermine the system of desirable ranges by advancing a vague, discriminatory and deeply flawed concept of equitable geographic representation. 

    Human Resources Management

    Martha Helena Lopez, Assistant Secretary-General for Human Resources, presented the Secretary-General’s five reports on human resources management reform:  Overview of human resources management reform for the period 2023–2024 (document A/79/566); Review of the United Nations Secretariat Internship Programme (document A/79/566/Add.1); Composition of the Secretariat: staff demographics (document A/79/584); Composition of the Secretariat: gratis personnel, retired staff, consultants, individual contractors and United Nations Volunteers (document A/79/581); and Practice of the Secretary-General in disciplinary matters and cases of possible criminal behaviour, from 1 January to 31 December 2023 (document A/79/615).

    Regarding the redesigned internship programme, she said “it aligns with UN values of fairness and accessibility, upholds commitments to youth in the Pact for the Future, and ensures meaningful engagement of young people.”  The proposal addresses the need for more structured learning and financial support for interns, including the cost of travel, health insurance, a monthly stipend and a technology allowance for remote interns.  “This would remove a significant barrier to broader participation for individuals from all economic backgrounds,” she added.  The Secretariat invites the Assembly to approve the removal of current restrictions and the principle of a centrally funded support scheme.

    The Secretary-General report covering staff demographics offers a comprehensive view of Secretariat staff from 1 January to 31 December 2023 and during the 2019 to 2023 period, she noted.  It gives a comprehensive analysis of the gratis personnel, retired staff, consultants, individual contractors, and United Nations Volunteers engaged across the Secretariat from 1 January 2022 to 31 December 2023 and highlights trends observed from 2014 to 2023, offering insights into the evolution of the Secretariat’s affiliated personnel.  The final report provides comprehensive measures for the Secretary-General’s approach to misconduct cases and analysis of the data and trends in the Secretariat’s disciplinary practices.

    Juliana Gaspar Ruas, Chair of the Advisory Committee on Administrative and Budgetary Questions (ACABQ), presented that body’s related reports (documents A/79/745A/79/746, A/79/747A/79/748 and A/79/749).

    After those presentations, Fifth Committee Vice-Chair Johanna Bischof (Austria) drew delegates’ attention to the relevant reports of the Joint Inspection Unit and related notes by the Secretary-General transmitting his comments and comments of the United Nations Chief Executives Board for Coordination on the respective reports: Review of the use of non-staff personnel and related contractual modalities in the United Nations system organizations – Note by the Secretary-General (documents A/79/694 and A/79/694/Add.1); Review of the quality, effectiveness, efficiency and sustainability of health insurance schemes in the United Nations system organizations (documents A/79/695 and A/79/695/Add.1); and Flexible working arrangements in United Nations system organizations (documents A/79/693 and A/79/693/Add.1).

    Joint Inspection Unit

    Carolina Fernández Opazo, Inspector and Chairperson of the Joint Inspection Unit, introduced the Report of the Joint Inspection Unit for 2024 and programme of work for 2025 (document A/79/34), and Federica Pietracci, Senior Programme Management Officer of the United Nations System Chief Executives Board for Coordination, introduced the Note by the Secretary-General on the Report of the Joint Inspection Unit for 2024 (document A/79/742).

    Standards of Accommodation for Air Travel

    Ms. Lopez also introduced the Secretary-General’s report on standards of accommodation for air travel (document A/79/628), and Ms. Gaspar Ruas presented the Advisory Committee’s related report (document A/79/7/Add.44).

    Proposed Programme of Work 

    The Committee also approved its proposed programme of work for this session (document A/C.5/79/L.29).

    MIL OSI United Nations News

  • MIL-Evening Report: Scientists have discovered a 3 billion-year-old beach buried on Mars

    Source: The Conversation (Au and NZ) – By Aaron J. Cavosie, Senior lecturer, School of Earth and Planetary Sciences, Curtin University

    A view of the Utopia Planitia region on Mars which is believed to be the site of an ancient ocean. ESA/DLR/FU Berlin, CC BY-SA

    In the 1970s, images from the NASA Mariner 9 orbiter revealed water-sculpted surfaces on Mars. This settled the once-controversial question of whether water ever rippled over the red planet.

    Since then, more and more evidence has emerged that water once played a large role on our planetary neighbour.

    For example, Martian meteorites record evidence for water back to 4.5 billion years ago. On the young side of the timescale, impact craters formed over the past few years show the presence of ice under the surface today.

    Today the hot topics focus on when water appeared, how much was there, and how long it lasted. Perhaps the most burning of all Mars water-related topics nowadays is: were there ever oceans?

    A new study published in PNAS today has made quite a splash. The study involved a team of Chinese and American scientists led by Jianhui Li from Guangzhou University in China, and was based on work done by the China National Space Administration’s Mars rover Zhurong.

    Data from Zhurong provide an unprecedented look into rocks buried near a proposed shoreline billions of years old. The researchers claim to have found beach deposits from an ancient Martian ocean.

    An illustration of Mars 3.6 billion years ago, when an ocean may have covered nearly half the planet. The orange star (right) is the landing site of the Chinese rover Zhurong. The yellow star is the landing site of NASA’s Perseverance rover.
    Robert Citron/Southwest Research Institute/NASA

    Blue water on a red planet

    Rovers exploring Mars study many aspects of the planet, including the geology, soil and atmosphere. They’re often looking for any evidence of water. That’s in part because water is a vital factor for determining if Mars ever supported life.

    Sedimentary rocks are often a particular focus of investigations, because they can contain evidence of water – and therefore life – on Mars.

    For example, the NASA Perseverance rover is currently searching for life in a delta deposit. Deltas are triangular regions often found where rivers flow into larger bodies of water, depositing large amounts of sediment. Examples on Earth include the Mississippi delta in the United States and the Nile delta in Egypt.

    The delta the Perseverance rover is exploring is located within the roughly 45km wide Jezero impact crater, believed to be the site of an ancient lake.

    Zhurong had its sights set on a very different body of water – the vestiges of an ancient ocean located in the northern hemisphere of Mars.

    Topography of Utopia Planitia. Lower parts of the surface are shown in blues and purples, while higher altitude regions show up in whites and reds, as indicated on the scale to the top right.
    ESA/DLR/FU Berlin

    The god of fire

    The Zhurong rover is named after a mythical god of fire.

    It was launched by the Chinese National Space Administration in 2020 and was active on Mars from 2021 to 2022. Zhurong landed within Utopia Planitia, a vast expanse and the largest impact basin on Mars which stretches some 3,300km in diameter.

    Zhurong is investigating an area near a series of ridges – described as paleoshorelines – that extend for thousands of kilometres across Mars. The paleoshorelines have previously been interpreted as the remnants of a global ocean that encircled the northern third of Mars.

    However, there are differing views among scientists about this, and more observations are needed.

    On Earth, the geologic record of oceans is distinctive. Modern oceans are only a few hundreds of millions of years old. Yet the global rock record is riddled with deposits made by many older oceans, some several billions of years old.

    This diagram shows how a series of beach deposits would have formed at the Zhurong landing site in the distant past on Mars.
    Hai Liu/Guangzhou University

    What lies beneath

    To determine if rocks in Utopia Planitia are consistent with having been deposited by an ocean, the rover collected data along a 1.3km measured line known as a transect at the margin of the basin. The transect was oriented perpendicular to the paleoshoreline. The goal was to work out what rock types are there, and what story they tell.

    The Zhurong rover used a technique called ground penetrating radar, which probed down to 100 metres below the surface. The data revealed many characteristics of the buried rocks, including their orientation.

    Rocks imaged along the transect contained many reflective layers that are visible by ground penetrating radar down to at least 30 metres. All the layers also dip shallowly into the basin, away from the paleoshoreline. This geometry exactly reflects how sediments are deposited into oceans on Earth.

    The ground penetrating radar also measured how much the rocks are affected by an electrical field. The results showed the rocks are more likely to be sedimentary and are not volcanic flows, which can also form layers.

    The study compared Zhurong data gathered from Utopia Planitia with ground penetrating radar data for different sedimentary environments on Earth.

    The result of the comparison is clear – the rocks Zhurong imaged are a match for coastal sediments deposited along the margin of an ocean.

    Zhurong found a beach.

    Photograph of frosted terrain on Utopia Planitia, taken by the Viking 2 lander in 1979.
    NASA/JPL

    A wet Mars

    The Noachian period of Martian history, from 4.1 to 3.7 billion years ago, is the poster child for a wet Mars. There is abundant evidence from orbital images of valley networks and mineral maps that the surface of Noachian Mars had surface water.

    However, there is less evidence for surface water during the Hesperian period, from 3.7 to 3 billion years ago. Stunning orbital images of large outflow channels in Hesperian land forms, including an area of canyons known as Kasei Valles, are believed to have formed from catastrophic releases of ground water, rather than standing water.

    From this view, Mars appears to have cooled down and dried up by Hesperian time.

    However, the Zhurong rover findings of coastal deposits formed in an ocean may indicate that surface water was stable on Mars longer than previously recognised. It may have lasted into the Late Hesperian period.

    This may mean that habitable environments, around an ocean, extended to more recent times.

    Aaron J. Cavosie has received funding from Australian Research Council and the Space Science and Technology Centre at Curtin University.

    ref. Scientists have discovered a 3 billion-year-old beach buried on Mars – https://theconversation.com/scientists-have-discovered-a-3-billion-year-old-beach-buried-on-mars-250496

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Hickenlooper, Bennet, Colleagues Reintroduce Bill to Combat Wildfires, Drought Across the West

    US Senate News:

    Source: United States Senator for Colorado John Hickenlooper
    Protect the West Act would invest $60 billion to reduce wildfire risks, restore watersheds, and protect communities
    WASHINGTON – Today, U.S. Senators John Hickenlooper, Michael Bennet, Ron Wyden, Ruben Gallego, and Jacky Rosen reintroduced the Protect the West Act, which invests $60 billion in forests across the West to reduce wildfire risk, restore watersheds, protect communities, and decrease the cost of fighting wildfires.
    “Colorado’s forests, grasslands, and waterways are the bedrock of our outdoor economy,” said Hickenlooper. “Every effort we make to prevent wildfires and mitigate the impact of climate change is an investment in Colorado’s future.”
    “In the West, our forests, grasslands, and watersheds are essential to our economy and way of life. But they are under threat from the worsening effects of climate change and consistent underinvestment from the federal government,” said Bennet. “As we face a 1,200-year megadrought and wildfire season that never seems to end, we need to break from the status quo and invest in the restoration of our forests and public lands to meet this challenge. We have no time to waste.”
    “Climate change is threatening our way of life in Colorado. We must act,” said Crow. “The Protect the West Act would help combat intensifying wildfires and help better protect Colorado communities.”
    “With summers getting dryer and hotter, the West and Oregon’s treasured lands are a tinderbox waiting to light ablaze,” said Wyden. “In my town halls, I’ve heard countless Oregonians fearing for their health and safety while struggling to maintain their economic livelihood as severe drought and wildfires wreak more havoc on their communities every year. More investments are needed to protect our forests and watersheds so local communities across the West are healthy and can have the opportunity to explore its beautiful natural treasures for generations.”
    “In Arizona and across the West, we face a rapidly growing backlog of projects for wildfire mitigation, drought resilience, and land restoration,” said Gallego. “I’m proud to help introduce the Protect the West Act which will finally give states and tribes the tools they need to take on these projects, all while creating good-paying jobs and boosting rural economies.”
    “Nevada’s forests and public lands are increasingly susceptible to wildfires, drought, and other extreme weather events. We need to do everything we can to protect our communities from the damage caused by these disasters and bolster our ability to recover,” said Rosen. “This critical legislation will support Nevada’s wildfire mitigation and restoration efforts, helping to keep Nevadans safe. I’ll always work to ensure Nevada has the resources it needs to fight wildfires and other weather-related events.”
    In the West, our strong outdoor rec industry and our agricultural communities depend on healthy lands, forests, and waterways. Increasingly frequent wildfires threaten those communities and our economy.
    Currently, the federal government spends approximately $2.9 billion to fight wildfires every year, with costs expected to increase by a billion by 2050. Already, the U.S. spent nearly $48 billion fighting wildfires over the last five years.
    Preventing wildfires before they even start is thirty times more cost-effective. Investing in fire mitigation and making our communities more resilient will save taxpayers money by reducing response and recovery costs.
    Specifically, the Protect the West Act would:
    Establish an Outdoor Restoration & Watershed Fund to better support local efforts to restore forests and watersheds, reduce wildfire risk, clean up public lands, enhance wildlife habitat, remove invasive species, and expand outdoor access
    Establish an advisory council of local, industry, conservation, Tribal, and national experts to advise funding priorities, coordinate with existing regional efforts, and provide oversight
    Empower local leaders by making $20 billion directly available to state and local governments, Tribes, special districts, and nonprofits to support restoration, drought resilience, and fire mitigation projects
    Partner with states and Tribes to invest $40 billion to tackle the backlog of restoration, fire mitigation, and resilience projects
    Create or sustain over two million good-paying jobs, primarily in rural areas, to support existing industries like forest product, agriculture, and outdoor recreation
    Save landowners and local governments money by investing in wildfire prevention and natural hazard mitigation.
    “The Protect the West Act is a significant investment in Colorado’s natural resources and Colorado is proud to support its reintroduction in the US Senate,” said Dan Gibbs, Executive Director, Colorado State Department of Natural Resources. “As Colorado experiences drought and continued threats from devastating wildfires, now is the time to invest in Colorado’s forests, watersheds, and landscapes that drive economic activity across the west, employ thousands of Americans, and provide environmental and ecological benefits to our communities and wildlife.”
    “One of the greatest threats to our Tribal lands are the devastating wildfires caused by the extreme drought conditions in the western United States,”said the Southern Ute Indian Tribe. “Sen. Bennet’s Protect the West Act will provide much needed investment in conservation, restoration and wildfire mitigation. A key component of this legislation is Sen. Bennet’s recognition of the importance that Tribes have in land use and regulation, assuring that funds will be made available directly to Tribes for maintenance of our forests, watersheds and rangeland. Moreover, he assures that Tribes will have a seat at the table in determining the distribution of funds, ensuring that there will be a tribal representative working alongside our state and federal partners on the Restoration Fund Advisory Council. We thank Sen. Bennet for introduction of this important legislation and look forward to its swift passage in Congress.”
    “Healthy watersheds face numerous challenges, including increasing drought, longer and hotter fire seasons, disconnected watersheds and degraded streams that no longer support healthy fisheries. The most effective way to tackle this challenge is through partnerships and collaborative conservation at the landscape scale,” said Chris Wood, President and CEO of Trout Unlimited. “The Protect the West Act would foster collaboration and provide resources for public-private partnerships to restore lands and waters across multiple jurisdictions, creating jobs and better fishing along the way. We thank Senator Bennet for his leadership and vision to restore our lands and waters at the scope and scale that will make a difference for future generations.”
    “The Colorado River District’s highest priority is to protect the water security of Western Colorado. Water security starts with our forests,” said Andy Mueller, General Manager, Colorado River District. “Our largest source of water is the snowpack that develops in our forests above 9,000 feet in elevation, mostly on federal lands. Sen. Michael Bennet’s $60 billion Protect the West Act proposal is a direct water security initiative through the funding of proactive watershed protection actions. These actions would help prevent catastrophic fires and start restoration work where warming temperatures and fires have already done harm. It’s noteworthy that $20 billion will be available to fund projects generated at the state and local levels. We applaud Senator Bennet for advocating for important western priorities in the Senate.”
     “I support the Senator’s Protect the West Act. This is a great first step in recognizing and acknowledging the problem that was created over 30 years ago,” said Merrit Linke, Grand County Commissioner. “The lack of proactive management and the ‘hands-off’ approach is now clearly having devastating effects on our communities, forest health and sustainable watersheds. This bill addresses this problem, provides much needed funding, and hopefully is the beginning of a new era in resource management. Now it is time to get to work.”
     “As Western communities continue to face the threats and the impacts of the climate crisis, now is the time to pursue initiatives that will help us become more resilient,” said Jon Goldin-Dubois, President of Western Resource Advocates. “The Protect the West Act will provide critical resources to help Western states mitigate wildfire, restore forests, improve air and water quality, and advance equity, all while pumping billions of dollars into local economies and supporting millions of good-paying jobs; it’s a true win-win. We applaud Senator Bennet for his leadership and look forward to supporting this legislation to build a more resilient West.”
    “Healthy forests support fish and wildlife habitat and outdoor access important to hunters, anglers, and recreationists in Colorado and across the nation,” said Joel Pedersen, CEO, Theodore Roosevelt Conservation Partnership. “However, decades of inadequate funding for forest management have placed a strain on the National Forest System that will require active management and sustained funding to increase workforce capacity. Further, these investments will help to ensure we’re better prepared to address the growing risks associated with wildfire.  The TRCP applauds the proactive investments in our forests and watersheds and the additional resources for growing the forest management workforce provided through the Protect the West Act.”
    The bill is supported by: The National Wildlife Federation, the Southern Ute Indian Tribe, National Association of State Foresters, The Freshwater Trust, American Forests, National Wild Turkey Federation, National Audubon Society, Family Farm Alliance, Theodore Roosevelt Conservation Partnership, Western Landowners Alliance, Western Resource Advocates, Trout Unlimited, and Conservation Legacy.
    U.S. Representative Jason Crow introduced companion legislation in the House.
    The full text of the bill is available HERE.

    MIL OSI USA News

  • MIL-OSI United Nations: World News in Brief: Famine in Sudan, Gaza polio campaign continues, West Bank update, Kenyan officer killed in Haiti

    Source: United Nations 2

    Peace and Security

    Secretary-General António Guterres expressed deep concern on Monday following the announcement by Sudan’s Rapid Support Forces (RSF) militia and affiliated groups, of a political charter proposing the establishment of a rival governing authority in RSF-controlled areas to the transitional Government.

    He warned in a statement issued by his spokesperson that this further escalation of the battle for the country between Government troops and their former RSF allies, deepens the fragmentation of Sudan and risks entrenching the crisis even further.

    Sudan is in the grip of a catastrophic crisis as “bloodshed, displacement and famine are engulfing the country,” he said earlier at the opening of the latest UN Human Rights Council session in Geneva.

    Preserving the nation’s unity, sovereignty and territorial integrity remains crucial for a sustainable resolution and long-term stability in Sudan and the wider region.

    The Secretary-General also condemned the persistent violence against civilians perpetrated by both sides of the conflict – including ethnically motivated attacks – with Sudanese civilians paying the highest price for the ongoing war.

    His Personal Envoy for the Sudan, Ramtane Lamamra, is actively engaging the warring parties and relevant stakeholders to secure a cessation of hostilities, protect civilians, ensure humanitarian access, and promote de-escalation, the UN chief’s statement said.

    Gaza and the West Bank: Health campaigns and humanitarian relief

    In Gaza, the emergency polio outbreak response continues, with a mass vaccination campaign which began on Saturday scheduled to run until 26 February.

    The novel oral polio vaccine is set to be administered to more than 591,000 children under the age of 10, targeting those previously missed, in order to close immunity gaps and halt the outbreak.

    “Over 261,000 children in Gaza received their polio vaccine on the first day of the campaign, despite all challenges,” noted a representative of the UN Children’s Fund (UNICEF).

    Since the ceasefire took effect, UN humanitarian partners have distributed tents, sealing materials, and tarpaulins to families – particularly in northern Gaza.

    Additionally, over 80,000 children have been screened for malnutrition, and thousands of families have received hygiene kits and water supplies.

    OCHA emphasised that sustaining these humanitarian efforts will require continued international funding and a lasting ceasefire.

    Meanwhile, the World Food Programme (WFP) said on Monday the ceasefire has enabled it to reach one million people across Gaza with food assistance, including fresh bread, hot meals and cash support, while preparing to extend its reach further across both Gaza and the West Bank.

    West Bank turmoil continues

    Nevertheless, OCHA has confirmed that Israeli forces continue operations in northern areas of the West Bank, with reports of home demolitions in the Tulkarm refugee camp adding to displacement and destruction.

    Mr. Guterres called for “a permanent ceasefire” in Gaza and “the dignified release of all remaining hostages”.

    Kenyan police officer killed in a Haiti anti-gang operation

    A Kenyan police officer serving with the Security Council-backed Multinational Security Support Mission (MSS) in Haiti died on Sunday after sustaining injuries during an anti-gang operation in the lower Artibonite region, marking the mission’s first casualty.

    The officer was wounded during a security operation in Pont Sonde, as part of efforts to curb escalating gang violence. In a statement, the MSS confirmed the death, expressing condolences to his family and colleagues.

    Mr. Guterres also reacted to the news, saying he was “deeply saddened” by the officer’s death and extended his sympathies to “the family of the police officer, the people and Government of Kenya, and of course all of his colleagues in the MSS.”

    The tragic incident comes amid worsening insecurity in Haiti, where gangs control large parts of the country.

    Speaking in Geneva, Mr. Guterres underscored the severity of the crisis. “In Haiti, we are seeing massive human rights violations – including more than a million people displaced, and children facing a horrific increase in sexual violence and recruitment into gangs,” he said.

    To address the crisis, the Secretary-General announced plans to propose new measures to the Security Council, including strengthening support for the MSS, the Haitian National Police, and Haitian authorities.

    “A durable solution requires a political process – led and owned by the Haitian people – that restores democratic institutions through elections,” he added.

    The officer’s death highlights the growing dangers facing international forces deployed to stabilise the country. 

    MIL OSI United Nations News

  • MIL-OSI: Skyline Bankshares, Inc. Announces Appointment of Director

    Source: GlobeNewswire (MIL-OSI)

    FLOYD, Va. and INDEPENDENCE, Va., Feb. 24, 2025 (GLOBE NEWSWIRE) — Skyline Bankshares, Inc. (the “Company”) (OTC QX: SLBK) – the holding company for Skyline National Bank (the “Bank”), announces the appointment of Israel O’Quinn as a director of the Company and the Bank effective immediately. The Company’s Board of Directors approved the appointment on February 18, 2025.

    Mr. O’Quinn is President and CEO of The United Company Foundation as well as the James W. and Francis G. McGlothlin Foundation.  He has also served as an elected member of the Virginia House of Delegates since 2011.  For almost all of his tenure in the House of Delegates, Mr. O’Quinn has been a member of the Commerce and Energy committee, among others, which has provided him an in-depth knowledge of the laws and regulations related to banking and other businesses.  Before his current role leading the two charitable foundations, Mr. O’Quinn was a key executive at KVAT Food Stores (Food City) for seventeen years, serving in roles of increasing responsibility across the organization, including strategy, regulatory issues and community relations.  Born and raised in Southwest Virginia, and having represented the area for over a decade in the legislature, he is well-versed in the needs and opportunities of the region.  Mr. O’Quinn is a member of the Emory & Henry University Board of Trustees and he earned Bachelors Degrees in Political Science and History from the college.  In addition to his legislative and professional work, Mr. O’Quinn has served on a number of other boards and commissions, including as Chairman of the Bristol Chamber of Commerce, and provided leadership to economic development projects as Co-Chair of InvestSWVA. 

    President and CEO Blake Edwards stated, “Israel’s professional experience, service in the legislature, and in-depth knowledge of the region, will make him a tremendous addition to Skyline as we continue to expand our presence in the southwest Virginia and eastern Tennessee markets. We are excited to welcome Israel to the Skyline family.”

    Skyline National Bank is the wholly-owned subsidiary of Skyline Bankshares, Inc. and serves southwestern Virginia, northwestern North Carolina, and eastern Tennessee with 28 branches and 2 loan production offices.

    For more information contact:
    Blake Edwards, President & CEO – 276-773-2811
    Lori Vaught, EVP & CFO – 276-773-2811

    The MIL Network

  • MIL-OSI Global: Francis − a pope who has cared deeply for the poor and opened up the Catholic Church

    Source: The Conversation – USA – By Mathew Schmalz, Professor of Religious Studies, College of the Holy Cross

    Pope Francis during the Palm Sunday Mass at St. Peter’s Square on April 2, 2023, in Vatican City. Antonio Masiello/Getty Images

    Pope Francis, who remains in critical condition and hospitalized as he battles pneumonia in both lungs, was elected pope on March 13, 2013, after the surprise resignation of Benedict XVI.

    Prior to becoming pope, he was Jorge Mario Bergoglio, archbishop of Buenos Aires, and was the first person from the Americas to be elected to the papacy. He was also the first pope to choose Francis as his name, thus honoring St. Francis of Assisi, a 13th-century mystic whose love for nature and the poor have inspired Catholics and non-Catholics alike.

    Pope Francis chose not to wear the elaborate clothing, like red shoes or silk vestments, associated with other popes. As a scholar of global Catholicism, however, I would argue that the changes Francis brought to the papacy were more than skin deep. He opened the church to the outside world in ways none of his predecessors had done before.

    Care for the marginalized

    Pope Francis reached out personally to the poor. For example, he turned a Vatican plaza into a refuge for the homeless, whom he called “nobles of the street.”

    The Argentinian Jorge Mario Bergoglio, ordained for the Jesuits in 1969 at the Theological Faculty of San Miguel.
    Jesuit General Curia via Getty Images

    He washed the feet of migrants and prisoners during the traditional foot-washing ceremony on the Thursday before Easter. In an unprecedented act for a pope, he also washed the feet of non-Christians.

    He encouraged a more welcoming attitude toward gay and lesbian Catholics and invited transgender people to meet with him at the Vatican.

    On other contentious issues, Francis reaffirmed official Catholic positions. He labeled homosexual behavior a “sin,” although he also stated that it should not be considered a crime. Francis criticized gender theory for “blurring” differences between men and women.

    While he maintained the church’s position that all priests should be male, he made far-reaching changes that opened various leadership roles to women. Francis was the first pope to appoint a woman to head an administrative office at the Vatican. Also for the first time, women were included in the 70-member body that selects bishops and the 15-member council that oversees Vatican finances. Shortly before his death, he appointed an Italian nun, Sister Raffaella Petrini, as President of the Vatican City.

    Pope Francis in St. Peter’s Square on April 18, 2022.
    Stefano Spaziani/Mondadori Portfolio via Getty Images

    Not shy of controversy

    Some of Francis’ positions led to opposition in some Catholic circles.

    One such issue was related to Francis’ embrace of religious diversity. Delivering an address at the Seventh Congress of Leaders of World and Traditional Religions in Kazakhstan in 2022, he said that members of the world’s different religions were “children of the same heaven.”

    While in Morocco, he spoke out against conversion as a mission, saying to the Catholic community that they should live “in brotherhood with other faiths.” To some of his critics, however, such statements undermined the unique truth of Christianity.

    During his tenure, the pope called for “synodality,” a more democratic approach to decision making. For example, synod meetings in November 2023 included laypeople and women as voting members. But the synod was resisted by some bishops who feared it would lessen the importance of priests as teachers and leaders.

    In a significant move that will influence the choosing of his successor, Pope Francis appointed more cardinals from the Global South. But not all Catholic leaders in the Global South followed his lead on doctrine. For example, African bishops publicly criticized Pope Francis’ December 2023 ruling that allowed blessings of individuals in same sex couples.

    His most controversial move was limiting the celebration of the Mass in the older form that uses Latin. This reversed a decision made by Benedict XVI that allowed the Latin Mass to be more widely practiced.

    Traditionalists argued that the Latin Mass was an important – and beautiful – part of the Catholic tradition. But Francis believed that it had divided Catholics into separate groups who worshiped differently.

    This concern for Catholic unity also led him to discipline two American critics of his reforms, Bishop Joseph Strickland of Tyler, Texas, and Cardinal Raymond Burke. Most significantly, Carlo Maria Viganò, the former Vatican ambassador, or nuncio, to the United States was excommunicated during Francis’ tenure for promoting “schism.”

    In the last days of his pontificate, Pope Francis also criticized the Trump administration’s efforts to deport migrants. In a letter to US Bishops, he recalled that Jesus, Mary and Joseph had been emigrants and refugees in Egypt. Pope Francis also argued that migrants who enter a country illegally should not be treated as criminals because they are in need and have dignity as human beings.

    Writings on ‘the common good’

    In his official papal letters, called encyclicals, Francis echoed his public actions by emphasizing the “common good,” or the rights and responsibilities necessary for human flourishing.

    Pope Francis washes the foot of a man during the foot-washing ritual at a refugee center outside of Rome on March 24, 2016.
    L’Osservatore Romano/Pool Photo via AP

    His first encyclical in 2013, Lumen Fidei, or “The Light of Faith,” sets out to show how faith can unite people everywhere.

    In his next encyclical, Laudato Si’, or “Praise Be to You,” Francis addressed the environmental crisis, including pollution and climate change. He also called attention to unequal distribution of wealth and called for an “integral ecology” that respects both human beings and the environment.

    His third encyclical in 2020, Fratelli Tutti, or “Brothers All,” criticized a “throwaway culture” that discards human beings, especially the poor, the unborn and the elderly. In a significant act for the head of the Catholic Church, Francis concluded by speaking of non-Catholics who have inspired him: Martin Luther King Jr., Desmond Tutu and Mahatma Gandhi.

    In his last encyclical, Dilexit Nos, or “He Loved Us,” he reflected on God’s Love through meditating on the symbol of the Sacred Heart that depicts flames of love coming from Jesus’ wounded heart that was pierced during the crucifixion.

    Francis also proclaimed a special “year of mercy” in 2015-16. The pope consistently argued for a culture of mercy that reflects the love of Jesus Christ, calling him “the face of God’s mercy.”

    A historic papacy

    Francis’ papacy has been historic. He embraced the marginalized in ways that no pope had done before. He not only deepened the Catholic Church’s commitment to the poor in its religious life but also expanded who is included in its decision making.

    The pope did have his critics who thought he went too far, too fast. And whether his reforms take root depends on his successor. Among many things, Francis will be remembered for how his pontificate represented a shift in power in the Catholic Church away from Western Europe to the Global South, where the majority of Catholics now live.

    Mathew Schmalz is Roman Catholic and a political independent.

    ref. Francis − a pope who has cared deeply for the poor and opened up the Catholic Church – https://theconversation.com/francis-a-pope-who-has-cared-deeply-for-the-poor-and-opened-up-the-catholic-church-164362

    MIL OSI – Global Reports

  • MIL-OSI Security: Defense News: Mission And Purpose On Full Display As Truman Returns To Sea

    Source: United States Navy

    “Our ship remains operationally ready to complete deployment with mission and purpose on full display by the entire crew,” said Capt. Chris Hill, commanding officer of Harry S. Truman. “We are out here launching and recovering aircraft, ready to ‘Give ‘em Hell’ with combat credible power.”

    The U.S. Navy’s ability to rapidly repair its warships anywhere in the world is a testament to our lethality and the warfighting advantage of relationships with Allies and partners.

    Led by Forward Deployed Regional Maintenance Center (FDRMC), Truman completed the five-day ERAV at Naval Support Activity (NSA) Souda Bay, Greece. In an all-hands effort, Sailors worked with FDRMC personnel, Norfolk Naval Shipyard, and local industry partner Theodoropoulos Group to assess damage, develop a repair plan, and restore weathertight integrity to the ship following the collision on Feb. 12.

    “FDRMC is focused on keeping our forward-deployed naval forces mission-ready across 5th and 6th Fleets, maintaining critical combat readiness for the ships and their Sailors,” said Capt. Mollie Bily, FDRMC commanding officer. “The rapid repair effort on Truman was a testament to our expeditionary maintenance expertise and the exceptional collaboration with our Norfolk Naval Shipyard teammates and industry partners.”

    Since deploying, Carrier Air Wing (CVW) 1 has flown over 5,500 sorties, including two self-defense strikes into Houthi-controlled Yemen territory and a large force strike against ISIS-Somalia targets in Northeast Somalia in coordination with U.S. Africa Command. The Harry S. Truman Carrier Strike Group continues to provide maritime security and regional stability in support of its component commanders.

    The carrier strike group includes the flagship USS Harry S. Truman (CVN 75); Carrier Air Wing (CVW) 1, with eight embarked aviation squadrons; staffs from CSG-8, CVW-1, and Destroyer Squadron (DESRON) 28; the Ticonderoga-class guided-missile cruiser USS Gettysburg (CG 64); and three Arleigh Burke-class guided-missile destroyers, USS Stout (DDG 55), USS The Sullivans (DDG 68), and USS Jason Dunham (DDG 109).

    HSTCSG’s mission is to conduct prompt and sustained combat operations at sea and maintain a forward presence through sea control and power projection capabilities. For more information, visit DVIDS at https://www.dvidshub.net/unit/CVN75.

    MIL Security OSI

  • MIL-OSI: Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2024 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the fourth quarter and full year ended December 31, 2024.

    FOURTH QUARTER HIGHLIGHTS

    • Q4 2024 average production of 29,859 bo/d (56,109 boe/d)
    • Q4 2024 consolidated net income (including non-controlling interest) of $272.8 million; net income attributable to Viper of $210.1 million, or $2.04 per Class A common share; includes a one-time tax benefit of $155.9 million from the reversal of the valuation allowance against the Company’s deferred tax assets
    • Q4 2024 cash available for distribution to Viper’s Class A common shares (as defined and reconciled below) of $89.0 million, or $0.86 per Class A common share
    • As previously announced, declared Q4 2024 base cash dividend of $0.30 per Class A common share; implies a 2.5% annualized yield based on the February 21, 2025, share closing price of $48.33
    • As previously announced, declared Q4 2024 variable cash dividend of $0.35 per Class A common share; total base-plus-variable dividend of $0.65 per Class A common share implies a 5.4% annualized yield based on the February 21, 2025, share closing price of $48.33
    • Total Q4 2024 return of capital of $66.7 million, or $0.65 per Class A common share, represents 75% of cash available for distribution
    • 381 total gross (8.1 net 100% royalty interest) horizontal wells turned to production on Viper’s acreage during Q4 2024 with an average lateral length of 10,818 feet

    FULL YEAR 2024 HIGHLIGHTS

    • Full year 2024 average production of 27,156 bo/d (49,784 boe/d)
    • Received $6.2 million in lease bonus income
    • Full year 2024 consolidated net income (including non-controlling interest) of $603.6 million; net income attributable to Viper of $359.2 million, or $3.82 per Class A common share
    • Declared dividends of $2.49 per Class A common share during the full year 2024
    • Generated full year 2024 consolidated adjusted EBITDA (as defined and reconciled below) of $782.2 million
    • Proved reserves as of December 31, 2024 of 195,873 Mboe (84% PDP, 93,563 Mbo), up 9% year over year with oil up 4% from year end 2023
    • 1,461 total gross (27.9 net 100% royalty interest) horizontal wells turned to production on Viper’s acreage during 2024 with an average lateral length of 11,381 feet

    2025 OUTLOOK

    • As previously announced, on January 30, 2025, entered into a definitive purchase and sale agreement to acquire all of the equity interests of certain mineral and royalty interest owning subsidiaries of Diamondback in exchange for $1.0 billion of cash and approximately 69.63 million limited liability company membership interests of Viper Energy Partners LLC (“OpCo units”), along with an accompanying equal amount of Class B common stock of the Company, subject to customary closing adjustments (the “Drop Down”); expected to close in the second quarter of 2025, subject to the approval by Viper’s stockholders and clearance of other typical closing conditions
    • On February 14, 2025, closed the acquisition of certain mineral and royalty interests from Morita Ranches Minerals LLC in exchange for approximately $211.0 million of cash and approximately 2.40 million OpCo units (along with an accompanying equal amount of Class B common stock of the Company), subject to customary post-closing adjustments (the “Quinn Ranch Acquisition”)
    • Initiating average daily production guidance for Q1 2025 of 30,000 to 31,000 bo/d (54,000 to 56,000 boe/d)
    • Upon the assumed closing of the Drop Down during Q2 2025, expect average daily production for the balance of 2025 in the range of 47,000 to 49,000 bo/d (85,000 to 88,000) boe/d
    • As of December 31, 2024, there were approximately 867 gross horizontal wells in the process of active development on Viper’s acreage in which Viper expects to own an average 1.6% net royalty interest (14.1 net 100% royalty interest wells)
    • Approximately 1,191 gross (23.9 net 100% royalty interest) line-of-sight wells on Viper’s acreage that are not currently in the process of active development, but for which Viper has visibility to the potential of future development in coming quarters, based on Diamondback’s current completion schedule and third-party operators’ permits

    “The fourth quarter concluded a landmark year for Viper. For the full year, we continued to deliver strong organic production growth on our legacy assets and successfully executed on our differentiated acquisition strategy. Looking ahead, we continue to be excited about the transformative Drop Down transaction between Viper and Diamondback that was previously announced. We look forward to working toward a timely closing of the transaction and the unmatched forward outlook Viper will be provided upon that closing,” stated Kaes Van’t Hof, Chief Executive Officer of Viper.

    FINANCIAL UPDATE

    Viper’s fourth quarter 2024 average unhedged realized prices were $69.91 per barrel of oil, $0.84 per Mcf of natural gas and $22.15 per barrel of natural gas liquids, resulting in a total equivalent realized price of $43.56/boe.

    Viper’s fourth quarter 2024 average hedged realized prices were $69.00 per barrel of oil, $1.05 per Mcf of natural gas and $22.15 per barrel of natural gas liquids, resulting in a total equivalent realized price of $43.38/boe.

    During the fourth quarter of 2024, the Company recorded total operating income of $228.7 million and consolidated net income (including non-controlling interest) of $272.8 million. During the quarter, the Company reversed the valuation allowance against its deferred tax assets as of the quarter and year ended December 31, 2024, with an accompanying $155.9 million deferred tax benefit recorded through continuing operations.

    As of December 31, 2024, the Company had a cash balance of $26.9 million and total long-term debt outstanding (excluding debt issuance costs, discounts and premiums) of $1.1 billion, resulting in net debt (as defined and reconciled below) of $1.1 billion. Viper’s outstanding long-term debt as of December 31, 2024 consisted of $430.4 million in aggregate principal amount of its 5.375% Senior Notes due 2027, $400.0 million in aggregate principal amount of its 7.375% Senior Notes due 2031 and $261.0 million in borrowings on its revolving credit facility, leaving $989.0 million available for future borrowings and $1.0 billion of total liquidity.

    FOURTH QUARTER 2024 CASH DIVIDEND & CAPITAL RETURN PROGRAM

    As previously announced, the Board of Directors (the “Board”) of Viper Energy, Inc., declared a base dividend of $0.30 per Class A common share for the fourth quarter of 2024 payable on March 13, 2025 to Class A common shareholders of record at the close of business on March 6, 2025.

    The Board also declared a variable cash dividend of $0.35 per Class A common share for the fourth quarter of 2024 payable on March 13, 2025 to Class A common shareholders of record at the close of business on March 6, 2025.

    OPERATIONS UPDATE

    During the fourth quarter of 2024, Viper estimates that 381 gross (8.1 net 100% royalty interest) horizontal wells with an average royalty interest of 2.1% were turned to production on its acreage position with an average lateral length of 10,818 feet. Of these 381 gross wells, Diamondback is the operator of 88 gross wells, with an average royalty interest of 6.4%, and the remaining 293 gross wells, with an average royalty interest of 0.9%, are operated by third parties.

    Viper’s footprint of mineral and royalty interests was 35,671 net royalty acres as of December 31, 2024.

    Our gross well information as of December 31, 2024 is as follows, unless otherwise specified:

      Diamondback Operated   Third-Party Operated   Total
    Horizontal wells turned to production (fourth quarter 2024)(1):          
    Gross wells 88   293   381
    Net 100% royalty interest wells 5.6   2.5   8.1
    Average percent net royalty interest 6.4%   0.9%   2.1%
               
    Horizontal wells turned to production (year ended December 31, 2024)(2):          
    Gross wells 285   1,176   1,461
    Net 100% royalty interest wells 16.0   11.9   27.9
    Average percent net royalty interest 5.6%   1.0%   1.9%
               
    Horizontal producing well count:          
    Gross wells 2,898   8,161   11,059
    Net 100% royalty interest wells 156.3   104.1   260.4
    Average percent net royalty interest 5.4%   1.3%   2.4%
               
    Horizontal active development well count:          
    Gross wells 146   721   867
    Net 100% royalty interest wells 6.0   8.1   14.1
    Average percent net royalty interest 4.1%   1.1%   1.6%
               
    Line of sight wells:          
    Gross wells 324   867   1,191
    Net 100% royalty interest wells 10.1   13.8   23.9
    Average percent net royalty interest 3.1%   1.6%   2.0%

    (1) Average lateral length of 10,818 feet.
    (2) Average lateral length of 11,381 feet.

    The 867 gross wells currently in the process of active development are those wells that have been spud and are expected to be turned to production within approximately the next six to eight months. Further in regard to the active development on Viper’s asset base, there are currently 54 gross rigs operating on Viper’s acreage, 10 of which are operated by Diamondback. The 1,191 line-of-sight wells are those that are not currently in the process of active development, but for which Viper has reason to believe that they will be turned to production within approximately the next 15 to 18 months. The expected timing of these line-of-sight wells is based primarily on permitting by third-party operators or Diamondback’s current expected completion schedule. Existing permits or active development of Viper’s royalty acreage does not ensure that those wells will be turned to production.

    YEAR END RESERVES UPDATE

    Viper’s proved oil and natural gas reserve estimates and their associated future net cash flows were prepared by Viper’s internal reservoir engineers, and audited by Ryder Scott Company, L.P., independent petroleum engineers, as of December 31, 2024. Reference prices of $75.48 per barrel of oil and natural gas liquids and $2.13 per MMbtu of natural gas were used in accordance with applicable rules of the Securities and Exchange Commission. Realized prices with applicable differentials were $75.61 per barrel of oil, $0.49 per Mcf of natural gas and $20.62 per barrel of natural gas liquids.

    Proved reserves at year-end 2024 of 195,873 Mboe (93,563 Mbo) represent a 9% increase over year-end 2023 reserves. The year-end 2024 proved reserves have a PV-10 value (as defined and reconciled below) of approximately $3.7 billion and a standardized measure of discounted future net cash flows of $3.3 billion.

    Proved developed reserves increased by 14% year over year to 163,865 Mboe (76,020 Mbo) as of December 31, 2024, reflecting continued horizontal development by the operators of Viper’s acreage.

    Net proved reserve additions of 34,845 Mboe resulted in a reserve replacement ratio of 191% (defined as the sum of extensions, discoveries, revisions, purchases and divestitures, divided by annual production). The organic reserve replacement ratio was 121% (defined as the sum of extensions, discoveries and revisions, divided by annual production).

    Extensions and discoveries of 24,936 Mboe are primarily attributable to the drilling of 1,170 new wells and from 447 new proved undeveloped locations added. The Company’s total downward revisions of previous estimated quantities of 2,894 Mboe consist of negative revisions of 6,539 Mboe associated with lower commodity prices and PUD downgrades of 2,936 Mboe offset by positive revisions of 6,580 Mboe primarily attributable to performance revisions. The purchase of reserves in place of 14,941 Mboe resulted primarily from the previously reported Tumbleweed acquisitions and other acquisitions of certain mineral and royalty interests.

      Oil (MBbls)   Gas (MMcf)   Liquids (MBbls)   Mboe
    As of December 31, 2023 89,903     263,578     45,416     179,249  
    Purchase of reserves in place 7,891     20,310     3,665     14,941  
    Extensions and discoveries 13,099     33,498     6,254     24,936  
    Revisions of previous estimates (6,472 )   4,449     2,837     (2,894 )
    Divestitures (919 )   (4,605 )   (451 )   (2,138 )
    Production (9,939 )   (24,606 )   (4,181 )   (18,221 )
    As of December 31, 2024 93,563     292,624     53,540     195,873  
                           

    As the owner of mineral and royalty interests, Viper incurred no exploration and development costs during the year ended December 31, 2024.

      December 31,
      2024
      2023
      2022
      (in thousands)
    Acquisition costs:          
    Proved properties $ 340,907     $ 402,659     $ 46,307  
    Unproved properties   830,450       758,342       16,624  
    Total $ 1,171,357     $ 1,161,001     $ 62,931  
                           

    GUIDANCE UPDATE

    Below is Viper’s guidance for Q1 2025. Guidance for full year 2025 will be provided pending the closing of the Drop Down.

       
      Viper Energy, Inc.
       
    Q1 2025 Net Production – Mbo/d 30.00 – 31.00
    Q1 2025 Net Production – Mboe/d 54.00 – 56.00
       
    Unit costs ($/boe)  
    Depletion $12.25 – $12.75
    Cash G&A $0.80 – $1.00
    Non-Cash Share-Based Compensation $0.10 – $0.20
    Net Interest Expense $2.50 – $3.00
       
    Production and Ad Valorem Taxes (% of Revenue) ~7%
    Cash Tax Rate (% of Pre-Tax Income Attributable to Viper Energy, Inc.)(1) 20% – 22%
    Q1 2025 Cash Taxes ($ – million)(2) $15.0 – $20.0

    (1)   Pre-tax income attributable to Viper Energy, Inc. is reconciled below.
    (2)   Attributable to Viper Energy, Inc.

    CONFERENCE CALL

    Viper will host a conference call and webcast for investors and analysts to discuss its results for the fourth quarter of 2024 on Tuesday, February 25, 2025 at 10:00 a.m. CT. Access to the live audio-only webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Viper’s website at www.viperenergy.com under the “Investor Relations” section of the site.

    About Viper Energy, Inc.

    Viper is a corporation formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on owning and acquiring mineral and royalty interests in oil-weighted basins, primarily the Permian Basin. For more information, please visit www.viperenergy.com.

    About Diamondback Energy, Inc.

    Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.

    Forward-Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Viper’s: future performance; business strategy; future operations; estimates and projections of operating income, losses, costs and expenses, returns, cash flow, and financial position; production levels on properties in which Viper has mineral and royalty interests, developmental activity by other operators; reserve estimates and Viper’s ability to replace or increase reserves; anticipated benefits or other effects of strategic transactions (including the pending Drop Down and other acquisitions or divestitures); and plans and objectives (including Diamondback’s plans for developing Viper’s acreage and Viper’s cash dividend policy and common stock repurchase program) are forward-looking statements. When used in this news release, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) as they relate to Viper are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Viper believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond its control. Accordingly, forward-looking statements are not guarantees of Viper’s future performance and the actual outcomes could differ materially from what Viper expressed in its forward-looking statements.

    Factors that could cause the outcomes to differ materially include (but are not limited to) the following: changes in supply and demand levels for oil, natural gas, and natural gas liquids, and the resulting impact on the price for those commodities; the impact of public health crises, including epidemic or pandemic diseases, and any related company or government policies or actions; actions taken by the members of OPEC and Russia affecting the production and pricing of oil, as well as other domestic and global political, economic, or diplomatic developments, including any impact of the ongoing war in Ukraine and the Israel-Hamas war on the global energy markets and geopolitical stability; instability in the financial sector; higher interest rates and their impact on the cost of capital; regional supply and demand factors, including delays, curtailment delays or interruptions of production on Viper’s mineral and royalty acreage, or governmental orders, rules or regulations that impose production limits on such acreage; federal and state legislative and regulatory initiatives relating to hydraulic fracturing, including the effect of existing and future laws and governmental regulations; physical and transition risks relating to climate change and the risks and other factors disclosed in Viper’s filings with the Securities and Exchange Commission, including its Forms 10-K, 10-Q and 8-K, which can be obtained free of charge on the Securities and Exchange Commission’s web site at http://www.sec.gov.

    In light of these factors, the events anticipated by Viper’s forward-looking statements may not occur at the time anticipated or at all. Moreover, new risks emerge from time to time. Viper cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements made in this news release. All forward-looking statements speak only as of the date of this news release or, if earlier, as of the date they were made. Viper does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.

     
    Viper Energy, Inc.
    Consolidated Balance Sheets
    (unaudited, in thousands, except share amounts)
           
      December 31,
      2024   2023
    Assets      
    Current assets:      
    Cash and cash equivalents $ 26,851     $ 25,869  
    Royalty income receivable (net of allowance for credit losses)   149,234       108,681  
    Royalty income receivable—related party   30,971       3,329  
    Income tax receivable   2,238       813  
    Derivative instruments   17,638       358  
    Prepaid expenses and other current assets   11,112       4,467  
    Total current assets   238,044       143,517  
    Property:      
    Oil and natural gas interests, full cost method of accounting ($2,179,837 and $1,769,341 excluded from depletion at December 31, 2024 and December 31, 2023, respectively)   5,712,671       4,628,983  
    Land   5,688       5,688  
    Accumulated depletion and impairment   (1,080,764 )     (866,352 )
    Property, net   4,637,595       3,768,319  
    Derivative instruments         92  
    Deferred income taxes (net of allowances)   185,235       56,656  
    Other assets   8,166       5,509  
    Total assets $ 5,069,040     $ 3,974,093  
    Liabilities and Stockholders’ Equity      
    Current liabilities:      
    Accounts payable $ 85     $ 19  
    Accounts payable—related party   1,980       1,330  
    Accrued liabilities   42,272       27,021  
    Derivative instruments   2,323       2,961  
    Income taxes payable   2,034       1,925  
    Total current liabilities   48,694       33,256  
    Long-term debt, net   1,082,979       1,083,082  
    Derivative instruments         201  
    Other long-term liabilities   30,148        
    Total liabilities   1,161,821       1,116,539  
    Stockholders’ equity:      
    Class A Common Stock, $0.000001 par value: 1,000,000,000 shares authorized; 102,977,142 and 86,144,273 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively          
    Class B Common Stock, $0.000001 par value: 1,000,000,000 shares authorized; 85,431,453 and 90,709,946 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively          
    Additional paid-in capital   1,568,560       1,031,078  
    Retained earnings (accumulated deficit)   118,444       (16,786 )
    Total Viper Energy, Inc. stockholders’ equity   1,687,004       1,014,292  
    Non-controlling interest   2,220,215       1,843,262  
    Total equity   3,907,219       2,857,554  
    Total liabilities and stockholders’ equity $ 5,069,040     $ 3,974,093  
                   
     
    Viper Energy, Inc.
    Consolidated Statements of Operations
    (unaudited, in thousands, except per share data)
                   
      Three Months Ended December 31,   Year Ended December 31,
      2024   2023   2024   2023
    Operating income:              
    Oil income $ 192,040     $ 175,254     $ 750,243     $ 619,181  
    Natural gas income   6,050       7,979       14,813       30,953  
    Natural gas liquids income   26,775       18,981       88,520       66,976  
    Royalty income   224,865       202,214       853,576       717,110  
    Lease bonus income—related party         2,238       227       107,823  
    Lease bonus income   3,655       125       5,944       1,855  
    Other operating income   179       135       640       909  
    Total operating income   228,699       204,712       860,387       827,697  
    Costs and expenses:              
    Production and ad valorem taxes   16,162       12,607       60,882       50,401  
    Depletion   64,591       44,787       214,412       146,118  
    General and administrative expenses—related party   3,150       924       10,541       3,696  
    General and administrative expenses   1,388       3,027       8,100       6,907  
    Other operating (income) expense   58       356       55       356  
    Total costs and expenses   85,349       61,701       293,990       207,478  
    Income (loss) from operations   143,350       143,011       566,397       620,219  
    Other income (expense):              
    Interest expense, net   (19,112 )     (15,756 )     (73,848 )     (47,392 )
    Gain (loss) on derivative instruments, net   6,122       4,892       11,386       (25,793 )
    Other income, net         1             259  
    Total other expense, net   (12,990 )     (10,863 )     (62,462 )     (72,926 )
    Income (loss) before income taxes   130,360       132,148       503,935       547,293  
    Provision for (benefit from) income taxes   (142,440 )     6,217       (99,711 )     45,952  
    Net income (loss)   272,800       125,931       603,646       501,341  
    Net income (loss) attributable to non-controlling interest   62,733       68,959       244,401       301,253  
    Net income (loss) attributable to Viper Energy, Inc. $ 210,067     $ 56,972     $ 359,245     $ 200,088  
                   
    Net income (loss) attributable to common shares:              
    Basic $ 2.04     $ 0.70     $ 3.82     $ 2.69  
    Diluted $ 2.04     $ 0.70     $ 3.82     $ 2.69  
    Weighted average number of common shares outstanding:              
    Basic   102,977       81,219       93,932       74,176  
    Diluted   102,977       81,219       93,932       74,176  
                                   
     
    Viper Energy, Inc.
    Consolidated Statements of Cash Flows
    (unaudited, in thousands)
                   
      Three Months Ended December 31,   Year Ended December 31,
      2024   2023   2024   2023
    Cash flows from operating activities:              
    Net income (loss) $ 272,800     $ 125,931     $ 603,646     $ 501,341  
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
    Provision for (benefit from) deferred income taxes   (148,580 )     (7,887 )     (149,085 )     (7,000 )
    Depletion   64,591       44,787       214,412       146,118  
    (Gain) loss on derivative instruments, net   (6,122 )     (4,892 )     (11,386 )     25,793  
    Net cash receipts (payments) on derivatives   (940 )     (3,300 )     (2,978 )     (13,319 )
    Other   1,727       1,397       6,197       3,442  
    Changes in operating assets and liabilities:              
    Royalty income receivable   (16,135 )     (5,232 )     (13,249 )     (27,379 )
    Royalty income receivable—related party   5,025       4,102       (27,642 )     2,931  
    Accounts payable and accrued liabilities   (7,190 )     2,155       7,002       6,311  
    Accounts payable—related party   1,981       1,330       651       1,024  
    Income taxes payable   218       (11,397 )     109       1,014  
    Other   (9,467 )     (1,199 )     (8,069 )     (2,084 )
    Net cash provided by (used in) operating activities   157,908       145,795       619,608       638,192  
    Cash flows from investing activities:              
    Acquisitions of oil and natural gas interests—related party                     (75,073 )
    Acquisitions of oil and natural gas interests   (425,190 )     (731,618 )     (696,242 )     (830,128 )
    Proceeds from sale of oil and natural gas interests   (5 )     2       87,669       (3,164 )
    Net cash provided by (used in) investing activities   (425,195 )     (731,616 )     (608,573 )     (908,365 )
    Cash flows from financing activities:              
    Proceeds from borrowings under credit facility   372,000       313,000       842,000       573,000  
    Repayment on credit facility   (111,000 )     (300,000 )     (844,000 )     (462,000 )
    Proceeds from Notes         400,000             400,000  
    Net proceeds from public offering   2             475,906        
    Proceeds from public offering to Diamondback         200,000             200,000  
    Repurchased shares/units under buyback program         (28,040 )           (95,221 )
    Dividends/distributions to stockholders   (62,912 )     (44,596 )     (219,465 )     (128,777 )
    Dividends/distributions to Diamondback   (62,386 )     (68,047 )     (254,216 )     (195,976 )
    Dividends to other non-controlling interest   (7,368 )           (7,368 )      
    Other   (2,847 )     (7,441 )     (2,910 )     (13,163 )
    Net cash provided by (used in) financing activities   125,489       464,876       (10,053 )     277,863  
    Net increase (decrease) in cash and cash equivalents   (141,798 )     (120,945 )     982       7,690  
    Cash, cash equivalents and restricted cash at beginning of period   168,649       146,814       25,869       18,179  
    Cash, cash equivalents and restricted cash at end of period $ 26,851     $ 25,869     $ 26,851     $ 25,869  
                                   
     
    Viper Energy, Inc.
    Selected Operating Data
    (unaudited)
                   
      Three Months Ended December 31,   Year Ended December 31,
      2024
      2023
      2024
      2023
    Production Data:              
    Oil (MBbls)   2,747       2,257       9,939       8,028  
    Natural gas (MMcf)   7,236       5,321       24,606       19,130  
    Natural gas liquids (MBbls)   1,209       884       4,181       3,108  
    Combined volumes (Mboe)(1)   5,162       4,028       18,221       14,324  
                   
    Average daily oil volumes (bo/d)   29,859       24,533       27,156       21,995  
    Average daily combined volumes (boe/d)   56,109       43,783       49,784       39,244  
                   
    Average sales prices:              
    Oil ($/Bbl) $ 69.91     $ 77.65     $ 75.48     $ 77.13  
    Natural gas ($/Mcf) $ 0.84     $ 1.50     $ 0.60     $ 1.62  
    Natural gas liquids ($/Bbl) $ 22.15     $ 21.47     $ 21.17     $ 21.55  
    Combined ($/boe)(2) $ 43.56     $ 50.20     $ 46.85     $ 50.06  
                   
    Oil, hedged ($/Bbl)(3) $ 69.00     $ 76.56     $ 74.57     $ 76.05  
    Natural gas, hedged ($/Mcf)(3) $ 1.05     $ 1.34     $ 0.85     $ 1.37  
    Natural gas liquids ($/Bbl)(3) $ 22.15     $ 21.47     $ 21.17     $ 21.55  
    Combined price, hedged ($/boe)(3) $ 43.38     $ 49.38     $ 46.68     $ 49.13  
                   
    Average Costs ($/boe):              
    Production and ad valorem taxes $ 3.13     $ 3.13     $ 3.34     $ 3.52  
    General and administrative – cash component   0.72       0.90       0.86       0.65  
    Total operating expense – cash $ 3.85     $ 4.03     $ 4.20     $ 4.17  
                   
    General and administrative – non-cash stock compensation expense $ 0.16     $ 0.08     $ 0.16     $ 0.09  
    Interest expense, net $ 3.70     $ 3.91     $ 4.05     $ 3.31  
    Depletion $ 12.51     $ 11.12     $ 11.77     $ 10.20  

    (1)   Bbl equivalents are calculated using a conversion rate of six Mcf per one Bbl.
    (2)   Realized price net of all deducts for gathering, transportation and processing.
    (3)   Hedged prices reflect the impact of cash settlements of our matured commodity derivative transactions on our average sales prices.

    NON-GAAP FINANCIAL MEASURES

    Adjusted EBITDA is a supplemental non-GAAP (as defined below) financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. Viper defines Adjusted EBITDA as net income (loss) attributable to Viper Energy, Inc. plus net income (loss) attributable to non-controlling interest (“net income (loss)”) before interest expense, net, non-cash share-based compensation expense, depletion, non-cash (gain) loss on derivative instruments, (gain) loss on extinguishment of debt, if any, other non-cash operating expenses, other non-recurring expenses and provision for (benefit from) income taxes. Adjusted EBITDA is not a measure of net income as determined by United States’ generally accepted accounting principles (“GAAP”). Management believes Adjusted EBITDA is useful because it allows them to more effectively evaluate Viper’s operating performance and compare the results of its operations from period to period without regard to its financing methods or capital structure. Adjusted EBITDA should not be considered as an alternative to, or more meaningful than, net income, royalty income, cash flow from operating activities or any other measure of financial performance or liquidity presented as determined in accordance with GAAP. Certain items excluded from Adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historic costs of depreciable assets, none of which are components of Adjusted EBITDA.

    Viper defines cash available for distribution to Viper Energy, Inc. shareholders generally as an amount equal to its Adjusted EBITDA for the applicable quarter less cash needed for income taxes payable for the current period, debt service, contractual obligations, fixed charges and reserves for future operating or capital needs that the Board may deem appropriate, lease bonus income, net of tax, distribution equivalent rights payments, preferred dividends, and an adjustment for changes in ownership interests that occurred subsequent to the quarter, if any. Management believes cash available for distribution is useful because it allows them to more effectively evaluate Viper’s operating performance excluding the impact of non-cash financial items and short-term changes in working capital. Viper’s computations of Adjusted EBITDA and cash available for distribution may not be comparable to other similarly titled measures of other companies or to such measure in its credit facility or any of its other contracts. Viper further defines cash available for variable dividends as at least 75 percent of cash available for distribution less base dividends declared and repurchased shares as part of its share buyback program for the applicable quarter.

    The following tables present a reconciliation of the GAAP financial measure of net income (loss) to the non-GAAP financial measures of Adjusted EBITDA, cash available for distribution and cash available for variable dividends:

    Viper Energy, Inc.
    (unaudited, in thousands, except per share data)
           
      Three Months Ended December 31, 2024   Year Ended December 31, 2024
    Net income (loss) attributable to Viper Energy, Inc. $ 210,067     $ 359,245  
    Net income (loss) attributable to non-controlling interest   62,733       244,401  
    Net income (loss)   272,800       603,646  
    Interest expense, net   19,112       73,848  
    Non-cash share-based compensation expense   815       2,975  
    Depletion   64,591       214,412  
    Non-cash (gain) loss on derivative instruments   (7,062 )     (14,364 )
    Other non-cash operating expenses   58       55  
    Other non-recurring expenses         1,314  
    Provision for (benefit from) income taxes   (142,440 )     (99,711 )
    Consolidated Adjusted EBITDA   207,874       782,175  
    Less: Adjusted EBITDA attributable to non-controlling interest   100,035       371,813  
    Adjusted EBITDA attributable to Viper Energy, Inc. $ 107,839     $ 410,362  
           
    Adjustments to reconcile Adjusted EBITDA to cash available for distribution:      
    Income taxes payable for the current period $ (6,139 )   $ (49,372 )
    Debt service, contractual obligations, fixed charges and reserves   (11,118 )     (39,219 )
    Lease bonus income, net of tax   (1,502 )     (2,510 )
    Distribution equivalent rights payments   (98 )     (393 )
    Preferred distributions   (20 )     (80 )
    Cash available for distribution to Viper Energy, Inc. shareholders $ 88,962     $ 318,788  
      Three Months Ended December 31, 2024
      Amounts   Amounts Per Common Share
    Reconciliation to cash available for variable dividends:      
    Cash available for distribution to Viper Energy, Inc. shareholders $ 88,962     $ 0.86  
           
    Return of Capital $ 66,722     $ 0.65  
    Less:      
    Base dividend   30,893       0.30  
    Cash available for variable dividends $ 35,829     $ 0.35  
           
    Total approved base and variable dividend per share     $ 0.65  
           
    Class A common stock outstanding       102,977  
               

    The following table presents a reconciliation of the GAAP financial measure of income (loss) before income taxes to the non-GAAP financial measure of pre-tax income attributable to Viper Energy, Inc. Management believes this measure is useful to investors given it provides the basis for income taxes payable by Viper Energy, Inc, which is an adjustment to reconcile Adjusted EBITDA to cash available for distribution to holders of Viper Energy, Inc.’s Class A common stock.

     
    Viper Energy, Inc.
    Pre-tax income attributable to Viper Energy, Inc.
    (unaudited, in thousands)
       
      Three Months Ended December 31, 2024
    Income (loss) before income taxes $ 130,360  
    Less: Net income (loss) attributable to non-controlling interest   62,733  
    Pre-tax income attributable to Viper Energy, Inc. $ 67,627  
       
    Income taxes payable for the current period $ 6,139  
    Effective cash tax rate attributable to Viper Energy, Inc.   9.1 %
           

    Adjusted net income (loss) is a non-GAAP financial measure equal to net income (loss) attributable to Viper Energy, Inc. plus net income (loss) attributable to non-controlling interest adjusted for non-cash (gain) loss on derivative instruments, net, (gain) loss on extinguishment of debt, if any, other non-cash operating expenses, other non-recurring expenses and related income tax adjustments. The Company’s computation of adjusted net income may not be comparable to other similarly titled measures of other companies or to such measure in our credit facility or any of our other contracts. Management believes adjusted net income helps investors in the oil and natural gas industry to measure and compare the Company’s performance to other oil and natural gas companies by excluding from the calculation items that can vary significantly from company to company depending upon accounting methods, the book value of assets and other non-operational factors.

    The following table presents a reconciliation of the GAAP financial measure of net income (loss) attributable to Viper Energy, Inc. to the non-GAAP financial measure of adjusted net income (loss):

    Viper Energy, Inc.
    Adjusted Net Income (Loss)
    (unaudited, in thousands, except per share data)
       
      Three Months Ended December 31, 2024
      Amounts   Amounts Per Diluted Share
    Net income (loss) attributable to Viper Energy, Inc.(1) $ 210,067     $ 2.04  
    Net income (loss) attributable to non-controlling interest   62,733       0.61  
    Net income (loss)(1)   272,800       2.65  
    Non-cash (gain) loss on derivative instruments, net   (7,062 )     (0.07 )
    Other non-cash operating expenses   58        
    Adjusted income excluding above items(1)   265,796       2.58  
    Income tax adjustment for above items   (7,653 )     (0.08 )
    Adjusted net income (loss)(1)   258,143       2.50  
    Less: Adjusted net income (loss) attributed to non-controlling interests   59,211       0.57  
    Adjusted net income (loss) attributable to Viper Energy, Inc.(1) $ 198,932     $ 1.93  
           
    Weighted average Class A common shares outstanding:      
    Basic   102,977  
    Diluted   102,977  

    (1) The Company’s earnings (loss) per diluted share amount has been computed using the two-class method in accordance with GAAP. The two-class method is an earnings allocation which reflects the respective ownership among holders of Class A common shares and participating securities. Diluted earnings per share using the two-class method is calculated as (i) net income attributable to Viper Energy, Inc., (ii) less the reallocation of $0.4 million in earnings attributable to participating securities, and (iii) divided by diluted weighted average Class A common shares outstanding.

    RECONCILIATION OF LONG-TERM DEBT TO NET DEBT

    The Company defines the non-GAAP measure of net debt as debt (excluding debt issuance costs, discounts and premiums) less cash and cash equivalents. Net debt should not be considered an alternative to, or more meaningful than, total debt, the most directly comparable GAAP measure. Management uses net debt to determine the Company’s outstanding debt obligations that would not be readily satisfied by its cash and cash equivalents on hand. The Company believes this metric is useful to analysts and investors in determining the Company’s leverage position because the Company has the ability to, and may decide to, use a portion of its cash and cash equivalents to reduce debt.

                           
      December 31, 2024   Net QPrincipal Borrowings/ (Repayments)   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
      (in thousands)
    Total long-term debt(1) $ 1,091,350     $ 261,000     $ 830,350     $ 1,007,350     $ 1,103,350     $ 1,093,350  
    Cash and cash equivalents   (26,851 )         (168,649 )     (35,211 )     (20,005 )     (25,869 )
    Net debt $ 1,064,499         $ 661,701     $ 972,139     $ 1,083,345     $ 1,067,481  

    (1) Excludes debt issuance costs, discounts & premiums.

    PV-10

    PV-10 is the Company’s estimate of the present value of the future net revenues from proved oil and natural gas reserves after deducting estimated production and ad valorem taxes, future capital costs and operating expenses, but before deducting any estimates of future income taxes. The estimated future net revenues are discounted at an annual rate of 10% to determine their “present value.” The Company believes PV-10 to be an important measure for evaluating the relative significance of its oil and natural gas properties and that the presentation of the non-GAAP financial measure of PV-10 provides useful information to investors because it is widely used by professional analysts and investors in evaluating oil and natural gas companies. Because there are many unique factors that can impact an individual company when estimating the amount of future income taxes to be paid, the Company believes the use of a pre-tax measure is valuable for evaluating the Company. The Company believes that PV-10 is a financial measure routinely used and calculated similarly by other companies in the oil and natural gas industry.

    The following table reconciles the Company’s standardized measure of discounted future net cash flows, a GAAP financial measure to PV-10, a non-GAAP financial measure. PV-10 should not be considered as an alternative to the standardized measure as computed under GAAP.

       
    (in thousands) December 31, 2024
    Standardized measure of discounted future net cash flows after taxes $ 3,319,544  
    Add: Present value of future income tax discounted at 10%   364,976  
    PV-10 $ 3,684,520  
           

    Derivatives

    As of the filing date, the Company had the following outstanding derivative contracts. The Company’s derivative contracts are based upon reported settlement prices on commodity exchanges, with crude oil derivative settlements based on New York Mercantile Exchange West Texas Intermediate pricing and Crude Oil Brent. When aggregating multiple contracts, the weighted average contract price is disclosed.

       
      Crude Oil (Bbls/day, $/Bbl)
      Q1 2025   Q2 2025   Q3 2025   Q4 2025   FY 2026   FY 2027
    Deferred Premium Puts – WTI (Cushing)   20,000       20,000       18,000                    
    Strike $ 55.00     $ 55.00     $ 55.00     $     $     $  
    Premium $ (1.62 )   $ (1.61 )   $ (1.60 )   $     $     $  
      Natural Gas (Mmbtu/day, $/Mmbtu)
      Q1 2025   Q2 2025   Q3 2025   Q4 2025   FY 2026   FY 2027
    Costless Collars – Henry Hub   60,000       60,000       60,000       60,000       60,000        
    Floor $ 2.50     $ 2.50     $ 2.50     $ 2.50     $ 2.75     $  
    Ceiling $ 4.93     $ 4.93     $ 4.93     $ 4.93     $ 6.64     $  
      Natural Gas (Mmbtu/day, $/Mmbtu)
      Q1 2025   Q2 2025   Q3 2025   Q4 2025   FY 2026   FY 2027
    Natural Gas Basis Swaps – Waha Hub   60,000       60,000       60,000       60,000       40,000       40,000  
    Swap Price $ (0.80 )   $ (0.80 )   $ (0.80 )   $ (0.80 )   $ (1.40 )   $ (1.40 )
                                                   

    Investor Contact:

    Chip Seale
    +1 432.247.6218
    cseale@viperenergy.com

    Source: Viper Energy, Inc.; Diamondback Energy, Inc.

    The MIL Network

  • MIL-OSI: Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2024 Financial and Operating Results; Increases Base Dividend

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2024.

    FOURTH QUARTER 2024 HIGHLIGHTS

    • Average production of 475.9 MBO/d (883.4 MBOE/d)
    • Net cash provided by operating activities of $2.3 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $2.3 billion
    • Cash capital expenditures of $933 million
    • Free Cash Flow (as defined and reconciled below) of $1.3 billion; Adjusted Free Cash Flow (as defined and reconciled below) of $1.4 billion
    • Increased annual base dividend by 11% to $4.00 per share; declared Q4 2024 base cash dividend of $1.00 per share payable on March 13, 2025; implies a 2.6% annualized yield based on February 21, 2025 closing share price of $156.12
    • Repurchased 2,326,247 shares of common stock in Q4 2024 for $402 million, excluding excise tax (at a weighted average price of $172.91 per share); repurchased 1,254,600 shares of common stock to date in Q1 2025 for $210 million, excluding excise tax (at a weighted average price of $167.42 per share)
    • Total Q4 2024 return of capital of $694 million; represents ~51% of Adjusted Free Cash Flow (as defined and reconciled below) from stock repurchases and the declared Q4 2024 base dividend
    • Closed previously announced TRP Energy (“TRP”) transaction in December 2024

    FULL YEAR 2024 HIGHLIGHTS

    • Average production of 337.0 MBO/d (598.3 MBOE/d)
    • Net cash provided by operating activities of $6.4 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $6.5 billion
    • Cash capital expenditures of $2.9 billion
    • Free Cash Flow (as defined and reconciled below) of $3.6 billion; Adjusted Free Cash Flow (as defined and reconciled below) of $4.0 billion
    • Declared total base-plus-variable dividends of $6.21 per share for the full year 2024
    • Repurchased 5,525,276 shares of common stock in 2024 for $959 million, excluding excise tax (at a weighted average price of $173.57 per share)
    • Total full year 2024 return of capital of $2.3 billion; represents ~57% of FY 2024 Adjusted Free Cash Flow (as defined and reconciled below)
    • As previously announced, closed merger with Endeavor Energy Resources, L.P. (“Endeavor”) on September 10, 2024
    • Proved reserves as of December 31, 2024 of 3,557 MMBOE (1,761 MMBO, 50% oil), up 63% year over year; proved developed producing (“PDP”) reserves of 2,385 MMBOE (1,121 MMBO, 47% oil, 67% of proved reserves), up 59% year over year

    2025 GUIDANCE HIGHLIGHTS

    Please note the guidance below gives effect to the pending acquisition of Double Eagle IV Midco, LLC (“Double Eagle”) from April 1, 2025 onward.

    • Full year 2025 oil production guidance of 485 – 498 MBO/d (883 – 909 MBOE/d)
    • Full year 2025 cash capital expenditures guidance of $3.8 – $4.2 billion
    • The Company expects to drill between 446 – 471 gross (406 – 428 net) wells and complete between 557 – 592 gross (526 – 560 net) wells with an average lateral length of approximately 11,500 feet in 2025
    • Q1 2025 oil production guidance of 470 – 475 MBO/d (860 – 875 MBOE/d)
    • Q1 2025 cash capital expenditures guidance of $900 million – $1.0 billion
    • Implies Q2 2025 – Q4 2025 run-rate oil production of 490 – 505 MBO/d (891 – 920 MBOE/d)
    • Full year 2025 Midland Basin well costs per lateral foot guidance of $555 – $605
    • Implies full year 2025 oil production per million dollars of cash capital expenditures (“MBO per $MM of CAPEX”) of 44.8, 10% better than the Company’s original pro forma 2025 outlook provided in February 2024

    OPERATIONS UPDATE

    The tables below provide a summary of operating activity for the fourth quarter of 2024.

    Total Activity (Gross Operated):          
      Number of Wells Drilled
      Number of Wells Completed
    Midland Basin 131     124  
    Delaware Basin 6     4  
    Total 137     128  
    Total Activity (Net Operated):          
      Number of Wells Drilled
      Number of Wells Completed
    Midland Basin 124     113  
    Delaware Basin 5     4  
    Total 129     117  

    During the fourth quarter of 2024, Diamondback drilled 131 gross wells in the Midland Basin and six gross wells in the Delaware Basin. The Company turned 124 operated wells to production in the Midland Basin and four gross wells in the Delaware Basin, with an average lateral length of 11,810 feet. Operated completions during the fourth quarter consisted of 26 Wolfcamp A wells, 26 Lower Spraberry wells, 24 Wolfcamp B wells, 19 Jo Mill wells, 15 Middle Spraberry wells, four Wolfcamp D wells, four Dean wells, three Upper Spraberry wells, three Barnett wells, two Second Bone Spring wells and two Third Bone Spring wells.

    For the year ended December 31, 2024, Diamondback drilled 342 gross wells in the Midland Basin and 30 gross wells in the Delaware Basin. The Company turned 391 operated wells to production in the Midland Basin and 19 operated wells to production in the Delaware Basin. The average lateral length for wells completed during the year ended December 31, 2024 was 11,719 feet, and consisted of 98 Lower Spraberry wells, 87 Wolfcamp A wells, 69 Wolfcamp B wells, 59 Jo Mill wells, 49 Middle Spraberry wells, 13 Wolfcamp D wells, 13 Dean wells, nine Upper Spraberry wells, six Third Bone Spring wells, four Barnett wells and three Second Bone Spring wells.

    FINANCIAL UPDATE

    Diamondback’s fourth quarter 2024 net income was $1.1 billion, or $3.67 per diluted share. Adjusted net income (as defined and reconciled below) for the fourth quarter was $1.1 billion, or $3.64 per diluted share. For the full year ended December 31, 2024, Diamondback’s net income was $3.3 billion, or $15.53 per diluted share. Adjusted net income for the full year was $3.6 billion, or $16.57 per diluted share.

    Fourth quarter 2024 net cash provided by operating activities was $2.3 billion. For the full year ended December 31, 2024, Diamondback’s net cash provided by operating activities was $6.4 billion.

    During the fourth quarter of 2024, Diamondback spent $834 million on operated and non-operated drilling and completions, $93 million on infrastructure and environmental and $6 million on midstream, for total cash capital expenditures of $933 million. For the full year ended 2024, Diamondback spent $2.6 billion on operated and non-operated drilling and completions, $221 million on infrastructure and environmental and $14 million on midstream, for total cash capital expenditures of $2.9 billion.

    Fourth quarter 2024 Consolidated Adjusted EBITDA (as defined and reconciled below) was $2.6 billion. Adjusted EBITDA net of non-controlling interest (as defined and reconciled below) for the fourth quarter was $2.5 billion. For the full year ended December 31, 2024, Consolidated Adjusted EBITDA was $7.7 billion. Adjusted EBITDA net of non-controlling interest for the full year was $7.3 billion.

    Diamondback’s fourth quarter 2024 Free Cash Flow (as defined and reconciled below) was $1.3 billion. Adjusted Free Cash Flow (as reconciled and defined below) for the fourth quarter was $1.4 billion. For the full year ended December 31, 2024, Diamondback’s Free Cash Flow was $3.6 billion, with $4.0 billion of Adjusted Free Cash Flow over the same period.

    Fourth quarter 2024 average unhedged realized prices were $69.48 per barrel of oil, $0.48 per Mcf of natural gas and $19.27 per barrel of natural gas liquids (“NGLs”), resulting in a total equivalent unhedged realized price of $42.71 per BOE.

    Diamondback’s cash operating costs for the fourth quarter of 2024 were $10.30 per BOE, including lease operating expenses (“LOE”) of $5.67 per BOE, cash general and administrative (“G&A”) expenses of $0.69 per BOE, production and ad valorem taxes of $2.77 per BOE and gathering, processing and transportation expenses of $1.17 per BOE.

    As of December 31, 2024, Diamondback had $134 million in standalone cash and no borrowings outstanding under its revolving credit facility, with approximately $2.5 billion available for future borrowings under the facility and approximately $2.6 billion of total liquidity. As of December 31, 2024, the Company had consolidated total debt of $13.2 billion and consolidated net debt (as defined and reconciled below) of $13.0 billion, up from consolidated total debt of $13.1 billion and consolidated net debt of $12.7 billion as of September 30, 2024.

    DIVIDEND DECLARATIONS

    Diamondback announced today that the Company’s Board of Directors declared a base cash dividend of $1.00 per common share for the fourth quarter of 2024 payable on March 13, 2025 to stockholders of record at the close of business on March 6, 2025.

    Future base and variable dividends remain subject to review and approval at the discretion of the Company’s Board of Directors.

    COMMON STOCK REPURCHASE PROGRAM

    During the fourth quarter of 2024, Diamondback repurchased ~2.3 million shares of common stock at an average share price of $172.91 for a total cost of approximately $402 million, excluding excise tax. To date, Diamondback has repurchased ~25.8 million shares of common stock at an average share price of $136.82 for a total cost of approximately $3.5 billion and has approximately $2.5 billion remaining on its current share buyback authorization. Subject to factors discussed below, Diamondback intends to continue to purchase common stock under the common stock repurchase program opportunistically with cash on hand, free cash flow from operations and proceeds from potential liquidity events such as the sale of assets. This repurchase program has no time limit and may be suspended from time to time, modified, extended or discontinued by the Board at any time. Purchases under the repurchase program may be made from time to time in privately negotiated transactions, or in open market transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and will be subject to market conditions, applicable regulatory and legal requirements and other factors. Any common stock purchased as part of this program will be retired.

    RESERVES

    Estimates of Diamondback’s proved reserves as of December 31, 2024 were prepared by Diamondback’s internal reservoir engineers and audited by Ryder Scott Company, L.P., an independent petroleum engineering firm. Reference prices of $75.48 per barrel of oil and $2.13 per Mmbtu of natural gas were used in accordance with applicable rules of the Securities and Exchange Commission. Realized prices with applicable differentials were $76.15 per barrel of oil, $0.54 per Mcf of natural gas and $22.02 per barrel of natural gas liquids.

    Proved reserves at year-end 2024 of 3,557 MMBOE represent a 63% increase over year-end 2023 reserves. Proved developed reserves increased by 59% to 2,385 MMBOE (67% of total proved reserves) as of December 31, 2024, reflecting the continued development of the Company’s horizontal well inventory. Proved undeveloped reserves (“PUD” or “PUDs”) increased to 1,173 MMBOE, a 72% increase over year-end 2023, and are comprised of 1,381 horizontal locations in which we have a working interest, of which 1,310 are in the Midland Basin. Crude oil represents 50% of Diamondback’s total proved reserves.

    Net proved reserve additions of 1,599 MMBOE resulted in a reserve replacement ratio of 730% (defined as the sum of extensions and discoveries, revisions, purchases and divestitures, divided by annual production). The organic reserve replacement ratio was 68% (defined as the sum of extensions and discoveries and revisions, divided by annual production).

    Net purchases of reserves were the primary contributor to the increase in reserves totaling 1,449 MMBOE followed by Extensions and discoveries of reserves totaling 279 MMBOE, with downward revisions of 129 MMBOE. PDP extensions were the result of 1,172 new wells in which the Company has an interest, and PUD extensions were the result of 445 new locations in which the Company has a working interest. Net purchases of reserves of 1,449 MMBOE were the net result of acquisitions of 1,569 MMBOE and divestitures of 121 MMBOE. Downward revisions of 129 MMBOE were primarily the result of negative revisions of 89 MMBOE associated with lower commodity prices, 49 MMBOE due to PUD downgrades related to changes in the corporate development plan and 17 MMBOE due to a decline in well performance. These were partially offset by positive performance revisions of 26 MMBOE related to ownership and acquisition variance revisions.

    The SEC PUD guidelines allow a company to book PUD reserves associated with projects that are to occur within the next five years. With its current development plan, the Company expects to continue its strong PUD conversion ratio in 2025 by converting an estimated 33% of its PUDs to a Proved Developed category, and develop approximately 78% of the consolidated 2024 year-end PUD reserves by the end of 2027.

      Oil (MBbls)   Gas (MMcf)   Liquids (MBbls)   MBOE
    As of December 31, 2023 1,143,944     2,997,422     534,247     2,177,761  
    Extensions and discoveries 168,375     310,421     58,696     278,808  
    Revisions of previous estimates (78,142 )   (158,468 )   (24,518 )   (129,071 )
    Purchase of reserves in place 697,702     2,391,264     473,236     1,569,482  
    Divestitures (47,505 )   (240,044 )   (33,080 )   (120,592 )
    Production (123,325 )   (275,680 )   (49,700 )   (218,972 )
    As of December 31, 2024 1,761,049     5,024,915     958,881     3,557,416  

    Diamondback’s exploration and development costs in 2024 were $3.2 billion. PD F&D costs were $10.51/BOE. PD F&D costs are defined as exploration and development costs, excluding midstream, divided by the sum of reserves associated with transfers from proved undeveloped reserves at year-end 2023 including any associated revisions in 2024 and extensions and discoveries placed on production during 2024. Drill bit F&D costs were $19.12/BOE including the effects of all revisions including pricing revisions. Drill bit F&D costs are defined as the exploration and development costs, excluding midstream, divided by the sum of extensions, discoveries and revisions.

      Year Ended December 31,
        2024       2023       2022  
      (In millions)
    Acquisition costs:          
    Proved properties $ 21,275     $ 1,314     $ 778  
    Unproved properties   15,568       1,701       1,536  
    Development costs   2,992       1,962       566  
    Exploration costs   194       768       1,698  
    Total $ 40,029     $ 5,745     $ 4,578  


    FULL YEAR 2025 GUIDANCE

    Below is Diamondback’s guidance for the full year 2025, which includes first quarter production, cash tax and capital guidance. This guidance gives effect to the estimated contribution related to the pending Double Eagle acquisition, which is expected to close on April 1, 2025, subject to the satisfaction of customary closing conditions and regulatory approval.

      2025 Guidance 2025 Guidance
      Diamondback Energy, Inc. Viper Energy, Inc.
         
    2025 Net production – MBOE/d 883 – 909  
    2025 Oil production – MBO/d 485 – 498  
    Q1 2025 Oil production – MBO/d (total – MBOE/d) 470 – 475 (860 – 875) 30.0 – 31.0 (54.0 – 56.0)
         
    Unit costs ($/BOE)    
    Lease operating expenses, including workovers $5.90 – $6.30  
    G&A    
    Cash G&A $0.60 – $0.75  
    Non-cash equity-based compensation $0.25 – $0.35  
    DD&A $14.00 – $15.00  
    Interest expense (net of interest income) $0.25 – $0.50  
    Gathering, processing and transportation $1.20 – $1.40  
         
    Production and ad valorem taxes (% of revenue) ~7%  
    Corporate tax rate (% of pre-tax income) 23%  
    Cash tax rate (% of pre-tax income) 17% – 20%  
    Q1 2025 Cash taxes ($ – million) $280 – $340  
         
    Capital Budget ($ – million)    
    Operated drilling and completion $3,130 – $3,440  
    Capital workovers, non-operated properties and science $280 – $320  
    Infrastructure, environmental and midstream(1) $390 – $440  
    2025 Total capital expenditures $3,800 – $4,200  
    Q1 2025 Capital expenditures $900 – $1,000  
         
    Gross horizontal wells drilled (net) 446 – 471 (406 – 428)  
    Gross horizontal wells completed (net) 557 – 592 (526 – 560)  
    Average lateral length (Ft.) ~11,500′  
    FY 2025 Midland Basin well costs per lateral foot $555 – $605  
    FY 2025 Delaware Basin well costs per lateral foot $860 – $910  
    Midland Basin completed net lateral feet (%) ~95%  
    Delaware Basin completed net lateral feet (%) ~5%  

    (1) Includes approximately $60 million in estimated midstream capital expenditures for the full year 2025.

    CONFERENCE CALL

    Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the fourth quarter of 2024 on Tuesday, February 25, 2025 at 8:00 a.m. CT. Access to the webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback’s website at www.diamondbackenergy.com under the “Investor Relations” section of the site.

    About Diamondback Energy, Inc.

    Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.

    Forward-Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits or other effects of strategic transactions (including the recently completed Endeavor merger, the pending Double Eagle acquisition and other acquisitions or divestitures); and plans and objectives of management (including plans for future cash flow from operations and for executing environmental strategies) are forward-looking statements. When used in this news release, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) as they relate to Diamondback are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Diamondback believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Diamondback’s control. Accordingly, forward-looking statements are not guarantees of future performance and Diamondback’s actual outcomes could differ materially from what Diamondback has expressed in its forward-looking statements.

    Factors that could cause the outcomes to differ materially include (but are not limited to) the following: changes in supply and demand levels for oil, natural gas, and natural gas liquids, and the resulting impact on the price for those commodities; the impact of public health crises, including epidemic or pandemic diseases and any related company or government policies or actions; actions taken by the members of OPEC and Russia affecting the production and pricing of oil, as well as other domestic and global political, economic, or diplomatic developments, including any impact of the ongoing war in Ukraine and the Israel-Hamas war on the global energy markets and geopolitical stability; instability in the financial markets; inflationary pressures; higher interest rates and their impact on the cost of capital; regional supply and demand factors, including delays, curtailment delays or interruptions of production, or governmental orders, rules or regulations that impose production limits; federal and state legislative and regulatory initiatives relating to hydraulic fracturing, including the effect of existing and future laws and governmental regulations; physical and transition risks relating to climate change; those risks described in Item 1A of Diamondback’s Annual Report on Form 10-K, filed with the SEC on February 22, 2024, and those risks disclosed in its subsequent filings on Forms 10-K, 10-Q and 8-K, which can be obtained free of charge on the SEC’s website at http://www.sec.gov and Diamondback’s website at www.diamondbackenergy.com/investors.

    In light of these factors, the events anticipated by Diamondback’s forward-looking statements may not occur at the time anticipated or at all. Moreover, Diamondback operates in a very competitive and rapidly changing environment and new risks emerge from time to time. Diamondback cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this letter or, if earlier, as of the date they were made. Diamondback does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.

     
    Diamondback Energy, Inc.
    Consolidated Balance Sheets
    (unaudited, in millions, except share amounts)
           
      December 31,   December 31,
        2024       2023  
    Assets      
    Current assets:      
    Cash and cash equivalents ($27 million and $26 million related to Viper) $ 161     $ 582  
    Restricted cash   3       3  
    Accounts receivable:      
    Joint interest and other, net   198       192  
    Oil and natural gas sales, net ($149 million and $109 million related to Viper)   1,387       654  
    Inventories   116       63  
    Derivative instruments   168       17  
    Prepaid expenses and other current assets   77       110  
    Total current assets   2,110       1,621  
    Property and equipment:      
    Oil and natural gas properties, full cost method of accounting ($22,666 million and $8,659 million excluded from amortization at December 31, 2024 and December 31, 2023, respectively) ($5,713 million and $4,629 million related to Viper and $2,180 million and $1,769 million excluded from amortization related to Viper)   82,240       42,430  
    Other property, equipment and land   1,440       673  
    Accumulated depletion, depreciation, amortization and impairment ($1,081 million and $866 million related to Viper)   (19,208 )     (16,429 )
    Property and equipment, net   64,472       26,674  
    Funds held in escrow   1        
    Equity method investments   375       529  
    Derivative instruments   2       1  
    Deferred income taxes, net ($185 million and $57 million related to Viper)   173       45  
    Other assets   159       131  
    Total assets $ 67,292     $ 29,001  
    Liabilities and Stockholders’ Equity      
    Current liabilities:      
    Accounts payable – trade $ 253     $ 261  
    Accrued capital expenditures   690       493  
    Current maturities of debt   900        
    Other accrued liabilities   1,020       475  
    Revenues and royalties payable   1,491       764  
    Derivative instruments   43       86  
    Income taxes payable   414       29  
    Total current liabilities   4,811       2,108  
    Long-term debt ($1,083 million and $1,083 million related to Viper)   12,075       6,641  
    Derivative instruments   106       122  
    Asset retirement obligations   573       239  
    Deferred income taxes   9,826       2,449  
    Other long-term liabilities   39       12  
    Total liabilities   27,430       11,571  
    Stockholders’ equity:      
    Common stock, $0.01 par value; 800,000,000 shares authorized; 290,984,373 and 178,723,871 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively   3       2  
    Additional paid-in capital   33,501       14,142  
    Retained earnings (accumulated deficit)   4,238       2,489  
    Accumulated other comprehensive income (loss)   (6 )     (8 )
    Total Diamondback Energy, Inc. stockholders’ equity   37,736       16,625  
    Non-controlling interest   2,126       805  
    Total equity   39,862       17,430  
    Total liabilities and stockholders’ equity $ 67,292     $ 29,001  
     
    Diamondback Energy, Inc.
    Consolidated Statements of Operations
    (unaudited, $ in millions except per share data, shares in thousands)
                   
      Three Months Ended December 31,   Year Ended December 31,
        2024       2023       2024       2023  
    Revenues:              
    Oil, natural gas and natural gas liquid sales $ 3,471     $ 2,165     $ 10,100     $ 8,228  
    Sales of purchased oil   225       52       923       111  
    Other operating income   15       11       43       73  
    Total revenues   3,711       2,228       11,066       8,412  
    Costs and expenses:              
    Lease operating expenses   461       254       1,286       872  
    Production and ad valorem taxes   225       104       638       525  
    Gathering, processing and transportation   95       78       356       287  
    Purchased oil expense   225       52       921       111  
    Depreciation, depletion, amortization and accretion   1,156       469       2,850       1,746  
    General and administrative expenses   72       39       213       150  
    Merger and integration expense   30             303       11  
    Other operating expenses   35       27       103       140  
    Total costs and expenses   2,299       1,023       6,670       3,842  
    Income (loss) from operations   1,412       1,205       4,396       4,570  
    Other income (expense):              
    Interest expense, net   (34 )     (29 )     (135 )     (159 )
    Other income (expense), net   (7 )     (9 )     80       52  
    Gain (loss) on derivative instruments, net   36       99       137       (259 )
    Gain (loss) on extinguishment of debt               2       (4 )
    Income (loss) from equity investments, net   (2 )     9       21       48  
    Total other income (expense), net   (7 )     70       105       (322 )
    Income (loss) before income taxes   1,405       1,275       4,501       4,248  
    Provision for (benefit from) income taxes   115       264       800       912  
    Net income (loss)   1,290       1,011       3,701       3,336  
    Net income (loss) attributable to non-controlling interest   216       51       363       193  
    Net income (loss) attributable to Diamondback Energy, Inc. $ 1,074     $ 960     $ 3,338     $ 3,143  
                   
    Earnings (loss) per common share:              
    Basic $ 3.67     $ 5.34     $ 15.53     $ 17.34  
    Diluted $ 3.67     $ 5.34     $ 15.53     $ 17.34  
    Weighted average common shares outstanding:              
    Basic   291,851       178,811       213,545       179,999  
    Diluted   291,851       178,811       213,545       179,999  
     
    Diamondback Energy, Inc.
    Consolidated Statements of Cash Flows
    (unaudited, in millions)
                   
      Three Months Ended December 31,   Year Ended December 31,
        2024       2023       2024       2023  
    Cash flows from operating activities:              
    Net income (loss) $ 1,290     $ 1,011     $ 3,701     $ 3,336  
    Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:              
    Provision for (benefit from) deferred income taxes   (165 )     193       15       378  
    Depreciation, depletion, amortization and accretion   1,156       469       2,850       1,746  
    (Gain) loss on extinguishment of debt               (2 )     4  
    (Gain) loss on derivative instruments, net   (36 )     (99 )     (137 )     259  
    Cash received (paid) on settlement of derivative instruments   (15 )     (48 )     (51 )     (110 )
    (Income) loss from equity investment, net   2       (9 )     (21 )     (48 )
    Equity-based compensation expense   16       14       65       54  
    Other   12       28       89       5  
    Changes in operating assets and liabilities:              
    Accounts receivable   (103 )     147       (42 )     (71 )
    Income tax receivable   (3 )     16       9       283  
    Prepaid expenses and other current assets   (24 )     (94 )     54       (89 )
    Accounts payable and accrued liabilities   114       11       (376 )     57  
    Income taxes payable   138       (9 )     87       (5 )
    Revenues and royalties payable   59       (16 )     168       123  
    Other   (100 )     10       4       (2 )
    Net cash provided by (used in) operating activities   2,341       1,624       6,413       5,920  
    Cash flows from investing activities:              
    Drilling, completions, infrastructure and midstream additions to oil and natural gas properties   (933 )     (649 )     (2,867 )     (2,701 )
    Property acquisitions   (926 )     (820 )     (8,920 )     (2,013 )
    Proceeds from sale of assets   8       7       467       1,407  
    Other   (4 )     (2 )     99       (16 )
    Net cash provided by (used in) investing activities   (1,855 )     (1,464 )     (11,221 )     (3,323 )
    Cash flows from financing activities:              
    Proceeds under term loan agreement               1,000        
    Repayments under term loan agreement   (100 )           (100 )      
    Proceeds from borrowings under credit facilities   2,190       313       3,375       4,779  
    Repayments under credit facilities   (2,044 )     (300 )     (3,377 )     (4,668 )
    Proceeds from senior notes         400       5,500       400  
    Repayment of senior notes               (25 )     (134 )
    Repurchased shares under buyback program   (402 )     (131 )     (959 )     (840 )
    Repurchased shares/units under Viper’s buyback program         (28 )           (95 )
    Proceeds from partial sale of investment in Viper Energy, Inc.               451        
    Net proceeds from Viper’s issuance of common stock               476        
    Dividends paid to stockholders   (262 )     (603 )     (1,578 )     (1,444 )
    Dividends/distributions to non-controlling interest   (70 )     (45 )     (227 )     (129 )
    Other   (7 )     (11 )     (149 )     (45 )
    Net cash provided by (used in) financing activities   (695 )     (405 )     4,387       (2,176 )
    Net increase (decrease) in cash and cash equivalents   (209 )     (245 )     (421 )     421  
    Cash, cash equivalents and restricted cash at beginning of period   373       830       585       164  
    Cash, cash equivalents and restricted cash at end of period $ 164     $ 585     $ 164     $ 585  
     
    Diamondback Energy, Inc.
    Selected Operating Data
    (unaudited)
                   
      Three Months Ended December 31,   Year Ended December 31,
        2024       2023       2024       2023  
    Production Data:              
    Oil (MBbls)   43,785       25,124       123,325       96,176  
    Natural gas (MMcf)   107,249       50,497       275,680       198,117  
    Natural gas liquids (MBbls)   19,615       9,016       49,700       34,217  
    Combined volumes (MBOE)(1)   81,275       42,556       218,972       163,413  
                   
    Daily oil volumes (BO/d)   475,924       273,087       336,954       263,496  
    Daily combined volumes (BOE/d)   883,424       462,565       598,284       447,707  
                   
    Average Prices:              
    Oil ($ per Bbl) $ 69.48     $ 76.42     $ 73.52     $ 75.68  
    Natural gas ($ per Mcf) $ 0.48     $ 1.29     $ 0.32     $ 1.32  
    Natural gas liquids ($ per Bbl) $ 19.27     $ 19.96     $ 18.99     $ 20.08  
    Combined ($ per BOE) $ 42.71     $ 50.87     $ 46.12     $ 50.35  
                   
    Oil, hedged ($ per Bbl)(2) $ 68.72     $ 75.59     $ 72.68     $ 74.72  
    Natural gas, hedged ($ per Mcf)(2) $ 0.82     $ 1.31     $ 0.91     $ 1.48  
    Natural gas liquids, hedged ($ per Bbl)(2) $ 19.27     $ 19.96     $ 18.99     $ 20.08  
    Average price, hedged ($ per BOE)(2) $ 42.76     $ 50.40     $ 46.38     $ 49.98  
                   
    Average Costs per BOE:              
    Lease operating expenses $ 5.67     $ 5.97     $ 5.87     $ 5.34  
    Production and ad valorem taxes   2.77       2.44       2.91       3.21  
    Gathering, processing and transportation expense   1.17       1.83       1.63       1.76  
    General and administrative – cash component   0.69       0.59       0.68       0.59  
    Total operating expense – cash $ 10.30     $ 10.83     $ 11.09     $ 10.90  
                   
    General and administrative – non-cash component $ 0.20     $ 0.33     $ 0.30     $ 0.33  
    Depreciation, depletion, amortization and accretion $ 14.22     $ 11.02     $ 13.02     $ 10.68  
    Interest expense, net $ 0.42     $ 0.68     $ 0.62     $ 0.97  

    (1)   Bbl equivalents are calculated using a conversion rate of six Mcf per one Bbl.
    (2)   Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.


    NON-GAAP FINANCIAL MEASURES

    ADJUSTED EBITDA

    Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. The Company defines Adjusted EBITDA as net income (loss) attributable to Diamondback Energy, Inc., plus net income (loss) attributable to non-controlling interest (“net income (loss)”) before non-cash (gain) loss on derivative instruments, net, interest expense, net, depreciation, depletion, amortization and accretion, depreciation and interest expense related to equity method investments, (gain) loss on extinguishment of debt, if any, non-cash equity-based compensation expense, capitalized equity-based compensation expense, merger and integration expenses, other non-cash transactions and provision for (benefit from) income taxes, if any. Adjusted EBITDA is not a measure of net income as determined by United States generally accepted accounting principles (“GAAP”). Management believes Adjusted EBITDA is useful because the measure allows it to more effectively evaluate the Company’s operating performance and compare the results of its operations from period to period without regard to its financing methods or capital structure. The Company adds the items listed above to net income (loss) to determine Adjusted EBITDA because these amounts can vary substantially from company to company within its industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. Further, the Company excludes the effects of significant transactions that may affect earnings but are unpredictable in nature, timing and amount, although they may recur in different reporting periods. Adjusted EBITDA should not be considered as an alternative to, or more meaningful than, net income as determined in accordance with GAAP or as an indicator of the Company’s operating performance or liquidity. Certain items excluded from Adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historic costs of depreciable assets. The Company’s computation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies or to such measure in our credit facility or any of our other contracts.

    The following tables present a reconciliation of the GAAP financial measure of net income (loss) attributable to Diamondback Energy, Inc. to the non-GAAP financial measure of Adjusted EBITDA:

    Diamondback Energy, Inc.
    Reconciliation of Net Income (Loss) to Adjusted EBITDA
    (unaudited, in millions)
                   
      Three Months Ended December 31,   Year Ended December 31,
        2024       2023       2024       2023  
    Net income (loss) attributable to Diamondback Energy, Inc. $ 1,074     $ 960     $ 3,338     $ 3,143  
    Net income (loss) attributable to non-controlling interest   216       51       363       193  
    Net income (loss)   1,290       1,011       3,701       3,336  
    Non-cash (gain) loss on derivative instruments, net   (51 )     (147 )     (188 )     149  
    Interest expense, net   34       29       135       159  
    Depreciation, depletion, amortization and accretion   1,156       469       2,850       1,746  
    Depreciation and interest expense related to equity method investments   30       18       91       70  
    (Gain) loss on extinguishment of debt               (2 )     4  
    Non-cash equity-based compensation expense   24       21       95       80  
    Capitalized equity-based compensation expense   (8 )     (7 )     (30 )     (26 )
    Merger and integration expenses   30             303       11  
    Other non-cash transactions   2       12       (62 )     (52 )
    Provision for (benefit from) income taxes   115       264       800       912  
    Consolidated Adjusted EBITDA   2,622       1,670       7,693       6,389  
    Less: Adjustment for non-controlling interest   118       82       411       290  
    Adjusted EBITDA attributable to Diamondback Energy, Inc. $ 2,504     $ 1,588     $ 7,282     $ 6,099  

    ADJUSTED NET INCOME

    Adjusted net income is a non-GAAP financial measure equal to net income (loss) attributable to Diamondback Energy, Inc. plus net income (loss) attributable to non-controlling interest (“net income (loss)”) adjusted for non-cash (gain) loss on derivative instruments, net, (gain) loss on extinguishment of debt, if any, merger and integration expense, other non-cash transactions and related income tax adjustments, if any. The Company’s computation of adjusted net income may not be comparable to other similarly titled measures of other companies or to such measure in our credit facility or any of our other contracts. Management believes adjusted net income helps investors in the oil and natural gas industry to measure and compare the Company’s performance to other oil and natural gas companies by excluding from the calculation items that can vary significantly from company to company depending upon accounting methods, the book value of assets and other non-operational factors. Further, in order to allow investors to compare the Company’s performance across periods, the Company excludes the effects of significant transactions that may affect earnings but are unpredictable in nature, timing and amount, although they may recur in different reporting periods.

    The following table presents a reconciliation of the GAAP financial measure of net income (loss) attributable to Diamondback Energy, Inc. to the non-GAAP measure of adjusted net income:

    Diamondback Energy, Inc.
    Adjusted Net Income
    (unaudited, $ in millions except per share data, shares in thousands)
               
      Three Months Ended
    December 31, 2024
      Year Ended
    December 31, 2024
      Amounts   Amounts Per
    Diluted
    Share
      Amounts   Amounts Per
    Diluted
    Share
    Net income (loss) attributable to Diamondback Energy, Inc.(1) $ 1,074     $ 3.67     $ 3,338     $ 15.53  
    Net income (loss) attributable to non-controlling interest   216       0.74       363       1.70  
    Net income (loss)(1)   1,290       4.41       3,701       17.23  
    Non-cash (gain) loss on derivative instruments, net   (51 )     (0.17 )     (188 )     (0.88 )
    (Gain) loss on extinguishment of debt               (2 )     (0.01 )
    Merger and integration expense   30       0.10       303       1.42  
    Other non-cash transactions   2             (62 )     (0.29 )
    Adjusted net income excluding above items(1)   1,271       4.34       3,752       17.47  
    Income tax adjustment for above items   2       0.01       (9 )     (0.04 )
    Adjusted net income(1)   1,273       4.35       3,743       17.43  
    Less: Adjusted net income attributable to non-controlling interest   206       0.71       183       0.86  
    Adjusted net income attributable to Diamondback Energy, Inc.(1) $ 1,067     $ 3.64     $ 3,560     $ 16.57  
                   
    Weighted average common shares outstanding:              
    Basic     291,851           213,545  
    Diluted     291,851           213,545  

    (1) The Company’s earnings (loss) per diluted share amount has been computed using the two-class method in accordance with GAAP. The two-class method is an earnings allocation which reflects the respective ownership among holders of common stock and participating securities. Diluted earnings per share using the two-class method is calculated as (i) net income attributable to Diamondback Energy, Inc, (ii) less the reallocation of $4 million and $21 million in earnings attributable to participating securities for the three months ended December 31, 2024 and the year ended December 31, 2024, respectively, (iii) divided by diluted weighted average common shares outstanding for the respective periods.

    OPERATING CASH FLOW BEFORE WORKING CAPITAL CHANGES AND FREE CASH FLOW

    Operating cash flow before working capital changes, which is a non-GAAP financial measure, represents net cash provided by operating activities as determined under GAAP without regard to changes in operating assets and liabilities. The Company believes operating cash flow before working capital changes is a useful measure of an oil and natural gas company’s ability to generate cash used to fund exploration, development and acquisition activities and service debt or pay dividends. The Company also uses this measure because changes in operating assets and liabilities relate to the timing of cash receipts and disbursements that the Company may not control and may not relate to the period in which the operating activities occurred. This allows the Company to compare its operating performance with that of other companies without regard to financing methods and capital structure.

    Free Cash Flow, which is a non-GAAP financial measure, is cash flow from operating activities before changes in working capital in excess of cash capital expenditures. The Company believes that Free Cash Flow is useful to investors as it provides measures to compare both cash flow from operating activities and additions to oil and natural gas properties across periods on a consistent basis as adjusted for non-recurring tax impacts from divestitures, merger and integration expenses, the early termination of derivative contracts and settlements of treasury locks. These measures should not be considered as an alternative to, or more meaningful than, net cash provided by operating activities as an indicator of operating performance. The Company’s computation of Free Cash Flow may not be comparable to other similarly titled measures of other companies. The Company uses Free Cash Flow to reduce debt, as well as return capital to stockholders as determined by the Board of Directors.

    The following tables present a reconciliation of the GAAP financial measure of net cash provided by operating activities to the non-GAAP measure of operating cash flow before working capital changes and to the non-GAAP measure of Free Cash Flow:

    Diamondback Energy, Inc.
    Operating Cash Flow Before Working Capital Changes and Free Cash Flow
    (unaudited, in millions)
                   
      Three Months Ended December 31,   Year Ended December 31,
        2024       2023       2024       2023  
    Net cash provided by operating activities $ 2,341     $ 1,624     $ 6,413     $ 5,920  
    Less: Changes in cash due to changes in operating assets and liabilities:              
    Accounts receivable   (103 )     147       (42 )     (71 )
    Income tax receivable   (3 )     16       9       283  
    Prepaid expenses and other current assets   (24 )     (94 )     54       (89 )
    Accounts payable and accrued liabilities   114       11       (376 )     57  
    Income taxes payable   138       (9 )     87       (5 )
    Revenues and royalties payable   59       (16 )     168       123  
    Other   (100 )     10       4       (2 )
    Total working capital changes   81       65       (96 )     296  
    Operating cash flow before working capital changes   2,260       1,559       6,509       5,624  
    Drilling, completions, infrastructure and midstream additions to oil and natural gas properties   (933 )     (649 )     (2,867 )     (2,701 )
    Total Cash CAPEX   (933 )     (649 )     (2,867 )     (2,701 )
    Free Cash Flow   1,327       910       3,642       2,923  
    Tax impact from divestitures(1)                     64  
    Merger and integration expenses   30             303        
    Early termination of derivatives               37        
    Treasury locks               25        
    Adjusted Free Cash Flow $ 1,357     $ 910     $ 4,007     $ 2,987  

    (1) Includes the tax impact for the disposal of certain Midland Basin water assets and Delaware Basin oil gathering assets.

    NET DEBT

    The Company defines the non-GAAP measure of net debt as total debt (excluding debt issuance costs, discounts, premiums and unamortized basis adjustments) less cash and cash equivalents. Net debt should not be considered an alternative to, or more meaningful than, total debt, the most directly comparable GAAP measure. Management uses net debt to determine the Company’s outstanding debt obligations that would not be readily satisfied by its cash and cash equivalents on hand. The Company believes this metric is useful to analysts and investors in determining the Company’s leverage position because the Company has the ability to, and may decide to, use a portion of its cash and cash equivalents to reduce debt.

    Diamondback Energy, Inc.
    Net Debt
    (unaudited, in millions)
                           
      December 31,
    2024
      Net Q4
    Principal
    Borrowings/
    (Repayments)
      September 30,
    2024
      June 30,
    2024
      March 31,
    2024
      December 31,
    2023
      (in millions)
    Diamondback Energy, Inc.(1) $ 12,069     $ (215 )   $ 12,284     $ 11,169     $ 5,669     $ 5,697  
    Viper Energy, Inc.(1)   1,091       261       830       1,007       1,103       1,093  
    Total debt   13,160     $ 46       13,114       12,176       6,772       6,790  
    Cash and cash equivalents   (161 )         (370 )     (6,908 )     (896 )     (582 )
    Net debt $ 12,999         $ 12,744     $ 5,268     $ 5,876     $ 6,208  

    (1)  Excludes debt issuance costs, discounts, premiums and unamortized basis adjustments.

    DERIVATIVES

    As of February 21, 2025, the Company had the following outstanding consolidated derivative contracts, including derivative contracts at Viper Energy, Inc. The Company’s derivative contracts are based upon reported settlement prices on commodity exchanges, with crude oil derivative settlements based on New York Mercantile Exchange West Texas Intermediate pricing and Crude Oil Brent pricing and with natural gas derivative settlements based on the New York Mercantile Exchange Henry Hub pricing. When aggregating multiple contracts, the weighted average contract price is disclosed.

      Crude Oil (Bbls/day, $/Bbl)
      Q1 2025     Q2 2025     Q3 2025     Q4 2025     FY2026  
    Long Puts – Crude Brent Oil 52,000     48,000     27,000     12,000      
    Long Put Price ($/Bbl) $60.00     $58.44     $56.85     $55.00      
    Deferred Premium ($/Bbl) $-1.48     $-1.50     $-1.54     $-1.56      
    Long Puts – WTI (Magellan East Houston) 83,000     86,000     72,000     35,000      
    Long Put Price ($/Bbl) $55.84     $55.12     $55.00     $55.00      
    Deferred Premium ($/Bbl) $-1.59     $-1.58     -1.60     $-1.62      
    Long Puts – WTI (Cushing) 142,000     137,000     101,000     41,000      
    Long Put Price ($/Bbl) $56.58     $55.58     $55.00     $55.00      
    Deferred Premium ($/Bbl) $-1.59     $-1.58     $-1.58     $-1.61      
    Costless Collars – WTI (Cushing) 13,000                  
    Long Put Price ($/Bbl) $60.00                  
    Short Call Price ($/Bbl) $89.55                  
    Basis Swaps – WTI (Midland) 64,000     66,000     66,000     66,000      
    $1.09     $1.05     $1.05     $1.05      
    Roll Swaps – WTI 16,389     25,000     25,000     25,000      
    $0.93     $0.93     $0.93     $0.93      
      Natural Gas (Mmbtu/day, $/Mmbtu)
      Q1 2025   Q2 2025   Q3 2025   Q4 2025   FY 2026   FY 2027  
    Costless Collars – Henry Hub 750,000     690,000     690,000     690,000     500,000      
    Long Put Price ($/Mmbtu) $2.52     $2.49     $2.49     $2.49     $2.64      
    Ceiling Price ($/Mmbtu) $5.26     $5.28     $5.28     $5.28     $6.31      
    Natural Gas Basis Swaps – Waha Hub 670,000     610,000     610,000     610,000     230,000     200,000  
    $-0.82     $-0.84     $-0.84     $-0.84     $-1.41     $-1.42  

    Investor Contact:
    Adam Lawlis
    +1 432.221.7467
    alawlis@diamondbackenergy.com

    The MIL Network

  • MIL-OSI USA: NEWS: Sanders Files Joint Resolutions of Disapproval to Block Trump Arms Sales to Israel

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders
    WASHINGTON, Feb. 24 – Sen. Bernie Sanders (I-Vt.) last week filed four Joint Resolutions of Disapproval (JRDs) that would block the sale of $8.56 billion in offensive U.S. weaponry to Israel.  
    Earlier this month, the Trump administration notified Congress of its approval of four major offensive arms sales to Israel, including tens of thousands of the bombs, missiles and artillery shells Israel has used to destroy huge swathes of Gaza and Lebanon. These munitions are directly implicated in tens of thousands of civilian deaths.
    The sales include: 
    $6.75 billion for 2,166 Small Diameter Bombs, 2,800 500-pound bombs and tens of thousands of fuzes and Joint Direct Attack Munition (JDAM) guidance kits for use on bombs.
    $688 million for 15,500 additional JDAM guidance kits for use on bombs and an additional 615 Small Diameter Bombs.
    $660 million for 3,000 Hellfire Air-to-Ground Missiles.
    $312.5 million for 10,000 155mm High Explosive artillery shells.
    The export of these weapons would clearly violate the criteria laid out in the Foreign Assistance Act of 1961 and the Arms Export Control Act (AECA). 
    “Israel had the right to defend itself against Hamas and respond to the barbaric October 7, 2023, terrorist attack, which killed 1,200 innocent people and took over 240 hostages,” said Sanders. “But Netanyahu’s extremist government has instead waged an all-out war against the entire Palestinian people, killing more than 48,000 and injuring more than 111,000 – the vast majority of whom are women and children.” 
    “Tragically, much of this carnage has been carried out with American bombs and weapons,” Sanders continued. “Netanyahu has used our bombs to damage or destroy almost 70 percent of the structures in Gaza, including hundreds of schools. All of this has been done in clear violation of U.S. and international law. With Trump and Netanyahu openly talking about forcibly displacing millions of Palestinians from Gaza – in other words, ethnic cleansing – it would be unconscionable to provide more of the bombs and weapons Israel has used to kill so many civilians and make life unlivable in Gaza.” 
    The Foreign Assistance Act and the AECA require that arms transfers must be consistent with internationally-recognized human rights, advance U.S. foreign policy interests, and avoid the association of the United States with any human rights violations. Reliable human rights monitors have rigorously documented numerous incidents involving these systems leading to unacceptable civilian death and harm. 
    Upon introduction of a Joint Resolution of Disapproval under the AECA, the Foreign Relations Committee has ten calendar days to consider the resolution in committee (or five calendar days for Foreign Military Sales to NATO allies and major non-NATO allies, including Israel). After this period, the sponsor(s) of the resolution can force a floor vote on a motion to discharge the resolution from committee. The resolution is privileged, meaning it cannot be amended or filibustered, and it requires a simple majority for the motion to discharge the resolution from committee and for final passage.  

    MIL OSI USA News

  • MIL-OSI United Nations: Human Rights Council Opens Fifty-Eighth Regular Session and Holds Minute of Silence for Victims of Human Rights Violations

    Source: United Nations – Geneva

    The Human Rights Council this morning opened its fifty-eighth regular session, hearing statements from the President of the General Assembly, the United Nations Secretary-General, the United Nations High Commissioner for Human Rights, and the Head of the Federal Department of Foreign Affairs of Switzerland.  The President of the Council called for a minute of silence for victims of human rights violations around the world. 

    Jürg Lauber, President of the United Nations Human Rights Council, declared the fifty-eighth session of the Human Rights Council open, saying they were gathered at a time of profound global challenges and an alarming backlash against human rights around the world.  The Council’s responsibility was to make a tangible impact on people’s lives.  Victims of human rights violations needed to be at the centre of discussions.  The international community needed to rise to the challenge and reaffirm that human rights were not optional; they were essential for peace, security and development. 

    Philemon Yang, President of the General Assembly, said the three pillars of the United Nations were deeply interwoven.  Upholding human rights was fundamental to achieving lasting peace and security, and constituted a sound basis for the realisation of the 2030 Agenda for Sustainable Development.  The world faced serious global challenges and was witnessing a sharp decline in human rights, with growing violations and often brazen disregard for international humanitarian law.  The human suffering and destruction of civilian infrastructure in Gaza, Ukraine, Sudan, Haiti and the Democratic Republic of the Congo were intolerable; these injustices must end.  Mr. Yang said protecting human rights and dignity was a cornerstone of his role as President of the General Assembly. 

    António Guterres, United Nations Secretary-General, said the session was beginning under the weight of a grim milestone: the third anniversary of Russia’s invasion of Ukraine, in violation of the United Nations Charter.  Human rights were the oxygen of humanity.  But one by one, human rights were being suffocated: by autocrats; by a patriarchy that kept girls out of school, and women from basic rights; by wars and violence; by warmongers who disregarded international law and the United Nations Charter; by the climate crisis; by a morally bankrupt global financial system; by runaway technologies like artificial intelligence; by growing intolerance against entire groups; and by voices of division and anger.  This represented a direct threat to all the hard-won mechanisms and systems established over the last 80 years to protect and advance human rights. 

    Volker Türk, United Nations High Commissioner for Human Rights, said the international system was going through a tectonic shift, and the human rights edifice built up over decades had never been under so much strain.  Last year, the Office contributed to the release of some 3,145 arbitrarily detained people and took part in some 11,000 human rights monitoring missions.  It also observed nearly 1,000 trials, and documented some 15,000 situations of human rights violations around the world.  Mr. Türk said upholding human rights made eminent sense for stability, for prosperity, for a better common future, and was a winning proposition for humanity. 

    Ignazio Cassis, Head of the Federal Department of Foreign Affairs of Switzerland, said today, he had mixed feelings.  He was proud because Switzerland had been elected to the Human Rights Council and because Ambassador Lauber had been elected as the Council’s President, the first appointment of a Swiss President to the Council.  However, Mr. Cassis said, he was also deeply concerned as they lived in a time of global uncertainty, influenced by the climate crisis and global authoritarianism; a large portion of the global population lived under authoritarian rule. In this context, the Council had a duty to act. 

    The webcast of the Human Rights Council meetings can be found here.  All meeting summaries can be found here.  Documents and reports related to the Human Rights Council’s fifty-eighth regular session can be found here.

    The fifty-eighth session of the Council is being held from 24 February to 4 April.  At 10 a.m., the Council started its high-level segment.

    Opening Remarks by the President of the Council

    JÜRG LAUBER, President of the United Nations Human Rights Council, declared the fifty-eighth session of the Human Rights Council open.  They were gathered at a time of profound global challenges and an alarming backlash against human rights around the world.  All needed to reflect on whether they were doing enough to protect the most vulnerable.  When human rights weakened, conflicts escalated, and societies fractured. Today, they were seeing this play out in real time with the escalation of violations and the shrinking of human rights protections.  This required an urgent response.  The Council’s responsibility was to make a tangible impact on people’s lives. Victims of human rights violations needed to be at the centre of discussions.  Their dignity needed to be everyone’s priority, Mr. Lauber said.

    Mr. Lauber said all needed to rise to the challenge and reaffirm that human rights were not optional; they were essential for peace, security and development. They needed to engage in earnest discussions and ensure that their words translated into actions, he concluded.

    At the request of the President, the Council held a minute’s silence in memory of victims of human rights violations around the world.

    Statements by Keynote Speakers

    PHILEMON YANG, President of the General Assembly, congratulated the President of the Council and the Bureau on their election. The three pillars of the United Nations were deeply interwoven.  Upholding human rights was fundamental to achieving lasting peace and security, and constituted a sound basis for the realisation of the 2030 Agenda for Sustainable Development.  The world faced serious global challenges and was witnessing a sharp decline in human rights, with growing violations and often brazen disregard for international humanitarian law.  Those violations had devastating consequences: more than 300 million people now required humanitarian assistance.  In every conflict, the victims were often women, children and minorities who bore the heaviest burden.  The human suffering and destruction of civilian infrastructure in Gaza, Ukraine, Sudan, Haiti and the Democratic Republic of Congo were intolerable; these injustices must end.  Even war had rules.  Civilians must never be targets. 

    The recent special session and the establishment of an independent fact-finding mission to investigate and document violations in the eastern Democratic Republic of the Congo were good symbols.  The Council had demonstrated its availability to act swiftly and uphold accountability.  The recent ceasefire and hostage release deal in Gaza offered a glimmer of hope.  Just and lasting peace in the Middle East depended on the two State solution, which would allow Israel and Palestine to exist in peace and stability.  Dialogue was a powerful weapon which needed to be used for peace everywhere.  With the eightieth anniversary of the United Nations approaching, calls for global peace needed to be more resolute, harnessing the powerful symbolism of this milestone year.

    Last September, world leaders unanimously adopted the Pact for the Future, along with the Global Digital Compact and the Declaration for Future Generations.  The Pact charted a course toward a more just, equitable, and sustainable world, and reaffirmed international law, including the Charter of the United Nations, the Universal Declaration of Human Rights and international humanitarian law.  The challenge now was implementation which required full global mobilisation, with robust engagement from governments, United Nations agencies, and civil society.   Organizations in Geneva would play a critical role in this process.

    Mr. Yang said protecting human rights and dignity was a cornerstone of his role as President of the General Assembly.  Last month, he convened a signature event on preserving dignity in armed conflict.  He was encouraged by the strong political will of Member States to uphold and reinforce their commitment to international humanitarian law.  Advocacy would be continued to eliminate child labour in all forms, including in armed conflict, and a discussion on child labour would be held in this regard. 

    Additionally, in the coming months, a high-level meeting would be convened to consider the recommendations of the working group on aging, to ensure older persons had full enjoyment of their human rights.  The spirit that guided the decision of Member States last December to declare a second International Decade for People of African Descent would be upheld.  Mr. Yang said he would convene the annual commemorative meetings for the International Day for the Elimination of Racial Discrimination and the International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade.

    Mr. Yang said he had joined the gender champions network, pledging to promote gender equality and empowerment and implementing a gender perspective throughout the work of the General Assembly.  He had re-established the Advisory Board on Gender Equality to focus on women’s economic empowerment and was happy that the Human Rights Council had followed this good practice.  Additionally, co-facilitators had been appointed to lead consultations in preparation for a high-level meeting, which would commemorate the thirtieth anniversary of the Fourth World Conference on Women and the landmark Beijing Declaration and Platform for Action—Beijing+30.

    This year marked the thirtieth anniversary of the World Programme for Youth, underscoring the critical role of young people in driving sustainable development.  A discussion would be held in May on how digitalisation could enhance the Sustainable Development Goals.  Throughout these engagements, Mr. Yang said he would outline the importance of civil society’s work in enhancing human rights.  The annual high-level debate on crime prevention would be held, which would mark the ten-year anniversary of the Nelson Mandela Rules.  This year, the Nelson Mandela prize would also be awarded to two individuals who had dedicated their lives to serving humanity.  States and relevant stakeholders were invited to submit their nominations this month. 

    These topics aimed to promote human rights and preserve human dignity for all everywhere.  Strengthening cooperation between the General Assembly and the Human Rights Council had never been more urgent.  The shared goal of the two mechanisms was upholding human rights and dignity, for everyone, everywhere. 

    ANTÓNIO GUTERRES, United Nations Secretary-General, said the session was beginning under the weight of a grim milestone: the third anniversary of Russia’s invasion of Ukraine, in violation of the United Nations Charter.  More than 12,600 civilians had been killed, with many more injured.  Entire communities had been reduced to rubble, hospitals and schools destroyed.  All needed to spare no effort to bring an end to this conflict and achieve a just and lasting peace in line with the United Nations Charter, international law and General Assembly resolutions.  Conflicts like the war in Ukraine exacted a heavy toll on people; on fundamental principles like territorial integrity, sovereignty and the rule of law; and on the vital business of this Council.  Without respect for human rights — civil, cultural, economic, political and social — sustainable peace was a pipedream.

    Like the Council, human rights shone a light in the darkest places. Through its work, and the work of the High Commissioner’s Office around the world, the Council was supporting brave human rights defenders risking persecution, detention and even death.  It was working with governments, civil society and others to strengthen action on human rights.  And it was supporting investigations and accountability.  Five years ago, the United Nations launched its Call to Action for Human Rights, embedding human rights across the work of the United Nations around the world in close cooperation with partners.  Mr. Guterres said he would continue supporting this important work, and the High Commissioner’s Office, as the United Nations fought for human rights everywhere.

    Mr. Guterres said that human rights were the oxygen of humanity.  But one by one, human rights were being suffocated — by autocrats, crushing opposition because they feared what a truly empowered people would do; by a patriarchy that kept girls out of school, and women at arm’s length from basic rights; by wars and violence that stripped populations of their right to food, water and education; and by warmongers who thumbed their nose at international law, international humanitarian law and the United Nations Charter.

    Human rights were being suffocated by the climate crisis; by a morally bankrupt global financial system that too often obstructed the path to greater equality and sustainable development; by runaway technologies like artificial intelligence that held great promise, but also the ability to violate human rights at the touch of a button; by growing intolerance against entire groups — from indigenous peoples, to migrants and refugees, to the lesbian, gay, bisexual, transgender, queer and intersex plus community, to persons with disabilities; and by voices of division and anger who viewed human rights not as a boon to humanity, but as a barrier to the power, profit and control they sought.  In short, human rights were on the ropes and being pummelled hard.  This represented a direct threat to all the hard-won mechanisms and systems established over the last 80 years to protect and advance human rights.

    But as the recently adopted Pact for the Future reminded all, human rights were, in fact, a source of solutions.  The Pact provided a playbook on how the world could win the fight for human rights on several fronts.

    First, human rights through peace and peace through human rights. Conflicts inflicted human rights violations on a massive scale.  In the Occupied Palestinian Territory, violations of human rights had skyrocketed since the horrific Hamas attacks of October 7 and the intolerable levels of death and destruction in Gaza.  Mr. Guterres expressed grave concern about the rising violence in the occupied West Bank by Israeli settlers and other violations, as well as calls for annexation. The world was witnessing a precarious ceasefire.  The world needed to avoid at all costs a resumption of hostilities.  The people in Gaza had already suffered too much.  It was time for a permanent ceasefire, the dignified release of all remaining hostages, irreversible progress towards a two-State solution, an end to the occupation, and the establishment of an independent Palestinian State, with Gaza as an integral part.

    In Sudan, bloodshed, displacement and famine were engulfing the country. The warring parties needed to take immediate action to protect civilians, uphold human rights, cease hostilities and forge peace.  Domestic and international human rights monitoring and investigation mechanisms needed to be permitted to document what was happening on the ground.

    In the Democratic Republic of the Congo, the world was seeing a deadly whirlwind of violence and horrifying human rights abuses, amplified by the recent M23 offensive, supported by the Rwandan Defence Forces.  As more cities fell, the risk of a regional war rose.  It was time to silence the guns, time for diplomacy and dialogue.  The recent joint summit in Tanzania offered a way forward with a renewed call for an immediate ceasefire.  The sovereignty and territorial integrity of the Democratic Republic of the Congo needed to be respected.  The Congolese people deserved peace.

    Mr. Guterres called for a renewed regional dialogue in the Sahel to protect citizens from terrorism and systemic violations of human rights, and to create the conditions for sustainable development.

    In Myanmar, the situation had grown far worse in the four years since the military seized power and arbitrarily detained members of the democratically elected government.  The world needed greater cooperation to bring an end to the hostilities and forge a path towards an inclusive democratic transition and a return to civilian rule, allowing for the safe return of the Rohingya refugees.

    In Haiti, the world was seeing massive human rights violations, including more than a million people displaced, and children facing a horrific increase in sexual violence and recruitment into gangs.  Mr. Guterres said that in the coming days, he would put forward proposals to the United Nations Security Council for greater stability and security for the people of Haiti, namely through an effective United Nations assistance mechanism to support the Multilateral Security Support Mission, the national police and Haitian authorities.  A durable solution required a political process led and owned by the Haitian people that restored democratic institutions through elections. 

    The Pact for the Future called for peace processes and approaches rooted in the Universal Declaration of Human Rights, international law and the United Nations Charter.  It proposed specific actions to prioritise conflict prevention, mediation, resolution and peacebuilding.  It also included a commitment to tackle the root causes of conflict, which were so often enmeshed in denials of basic human needs and rights.

    Second, the Pact for the Future advanced human rights through development. The Sustainable Development Goals and human rights were fundamentally intertwined.  They represented real human needs: health, food, water, education, decent work and social protection.  With less than one-fifth of the Goals on track, the Pact called for a massive acceleration through a Sustainable Development Goal Stimulus, reforming the global financial architecture, and taking meaningful action for countries drowning in debt.  This needed to include focused action to conquer the most widespread human rights abuse in history: inequality for women and girls.  The Pact called for investing in battling all forms of discrimination and violence against women and girls, and ensuring their meaningful participation and leadership across all walks of life.

    Along with the Declaration on Future Generations, the Pact also called for supporting the rights and futures of young people through decent work, removing barriers for youth participation, and enhancing training.  The Global Digital Compact called on nations to champion young innovators, nurture entrepreneurial spirit, and equip the next generation with digital literacy and skills.

    Third, the Pact for the Future recognised that the rule of law and human rights went hand-in-hand.  The rule of law, when founded on human rights, was an essential pillar of protection. It shielded the most vulnerable. It was the first line of defence against crime and corruption.  It supported fair, just and inclusive economies and societies.  It held perpetrators of human rights atrocities to account.  It enabled civic space for people to make their voices heard, and for journalists to carry out their essential work, free from interference or threats.  It also reaffirmed the world’s commitment to equal access to justice, good governance, and transparent and accountable institutions.

    Fourth, the world needed to achieve human rights through climate action. Last year was the hottest on record, capping the hottest decade on record.  Rising heat, melting glaciers and hotter oceans were a recipe for disaster. Floods, droughts, deadly storms, hunger, mass displacement — the war on nature was also a war on human rights.  The world needed to choose a different path. Mr. Guterres said he saluted the many Member States who legally recognised the right to a healthy environment, and he called on all countries to do the same. 

    Governments needed to keep their promise to produce new, economy-wide national climate action plans this year, well ahead of the thirtieth Conference of the Parties in Brazil.  Those plans needed to limit the rise in global temperature to 1.5 degrees, including by accelerating the global energy transition.  The world also needed a surge in finance for climate action in developing countries, to adapt to global heating, slash emissions and accelerate the renewables revolution, which represented a massive economic opportunity. They needed to stand up to the misleading campaign of many in the fossil fuel industry and its enablers, who were aiding and abetting this madness, while also protecting and defending those on the front lines of climate justice.

    Fifth, the Pact promoted human rights through stronger, better governance of technology.  Mr. Guterres expressed deep concern about human rights being undermined as fast-moving technologies expanded into every aspect of everyone’s lives.  At its best, social media was a meeting ground for people to exchange ideas and spark respectful debate.  But it could also be an arena of fiery combat and blatant ignorance; a place where the poisons of misinformation, disinformation, racism, misogyny and hate speech were not only tolerated, but often encouraged.  Verbal violence online could easily spill into physical violence in real life.  Recent rollbacks on fact-checking and content moderation online were re-opening the floodgates to more hate, more threats, and more violence.  These rollbacks would lead to less free speech, not more, as people became increasingly fearful to engage on these platforms.  Meanwhile, the great promise of artificial intelligence was matched by limitless peril to undermine human autonomy, human identity, human control and human rights.

    In the face of these threats, the Global Digital Compact brought the world together to ensure that human rights were not sacrificed on the altar of technology. This included working with digital companies and policymakers to extend human rights to every corner of cyberspace, including a new focus on information integrity across digital platforms. Mr. Guterres said the Global Principles for Information Integrity that he launched last year would support and inform this work as all pushed for a more humane information ecosystem.

    The Global Digital Compact also included the first universal agreement on the governance of artificial intelligence that brought every country to the table and set commitments on capacity building, so all countries and people benefited from artificial intelligence’s potential — by investing in affordable internet, digital literacy, and infrastructure; by helping developing countries use artificial intelligence to grow small businesses, improve public services, and connect communities to new markets; and by placing human rights at the centre of artificial intelligence-driven systems. The Pact’s decisions to create an Independent International Scientific Panel on Artificial Intelligence and an ongoing global dialogue that ensured all countries had a voice in shaping its future were important steps forward.  All needed to implement them, Mr. Guterres said.

    Mr. Guterres said all could help end the suffocation of human rights by breathing life into the Pact for the Future and the work of this Council.  He called for the Council’s cooperation, saying that there was no time to lose.

    VOLKER TÜRK, United Nations High Commissioner for Human Rights, said the international system was going through a tectonic shift, and the human rights edifice built up over decades had never been under so much strain. Today marked the third anniversary of the full-scale Russian invasion of Ukraine.  Any sustainable peace must be anchored in the rights, needs and aspirations of the Ukrainian people, in accountability, and in the principles of the United Nations Charter and international law.  In Israel and the Occupied Palestinian Territory, where the suffering had been unbearable, Mr. Türk repeated his call for an independent investigation into grave violations of international law, committed by Israel in its attacks across Gaza, and by Hamas and other Palestinian armed groups. Any sustainable solution must be based on accountability, justice, the right to self-determination, and the human rights and dignity of both Israelis and Palestinians.  Any suggestion of forcing people from their land was completely unacceptable. 

    Beyond Ukraine and Gaza, conflicts and crises were tearing communities and societies apart, from Sudan to the Democratic Republic of the Congo, Haiti, Myanmar and Afghanistan.  Social tensions were rising; the richest one per cent controlled more wealth than most of humanity; and the climate crisis was a human rights catastrophe.  Digital technologies were widely misused to suppress, limit and violate rights, with artificial intelligence bringing new speed and scale.  This was the backdrop against which the Office and the broader human rights ecosystem, including the Council, were working to safeguard and promote the rights of everyone, everywhere. 

    Last year, the Office contributed to the release of some 3,145 arbitrarily detained people and took part in some 11,000 human rights monitoring missions; observed nearly 1,000 trials, and documented some 15,000 situations of human rights violations around the world.  In addition to daily interventions with governments, the team issued about 245 statements, shining a light on human rights concerns in some 130 countries.  Teams on the ground contributed to human rights-based approaches to sustainable development, taxation and public spending, from Cambodia to Jordan and Serbia. Mr. Türk called on the international community to ensure the Office, national human rights institutions, and human rights non-governmental organizations could continue their essential work. 

    Since the adoption of the Universal Declaration of Human Rights, despite setbacks, there had been steady progress, but today this could no longer be taken for granted.  The global consensus on human rights was crumbling under the weight of authoritarians, strongmen and oligarchs, with autocrats now controlling around one-third of the world’s economy, more than double the proportion 30 years ago. 

    Everywhere, there were attempts to ignore, undermine, and redefine human rights, to chip away at gender equality and the rights of migrants, refugees, people with disabilities, and other minorities. 

    There needed to be an all-out effort by everyone, to make sure that human rights and the rule of law remained foundational to communities, societies and international relations.  Otherwise, the picture was very dangerous.  In previous centuries, the unrestrained use of force by the powerful, indiscriminate attacks on civilians, population transfers, and child labour were commonplace.  Dictators could order atrocity crimes consigning vast numbers of people to their deaths.  This could happen again.  But the world was far from powerless to prevent it.  The tools were the United Nations Charter, the Universal Declaration of Human Rights; the body of international law; and the institutions that worked to implement them.

    Today, there needed to be an alternative vision, rooted in facts, the law and compassion.  Human rights were about facts.  That was why the Office was monitoring, documenting, and reporting on violations and abuses in war zones and crises around the world, including Ukraine, the Occupied Palestinian Territory, the Democratic Republic of the Congo, Myanmar, Sudan, Syria, Afghanistan and Haiti.  Facts on their own could and must prompt action, which was why the work of the Council, and the other human rights mechanisms, was so important.  International legal frameworks and institutions, including the International Criminal Court, were fundamental to ensuring justice and achieving accountability, preventing future violations, and making the world safer for everyone. It was also important to have strong institutions at the national level to protect vulnerable people.

    Finally, human rights were nothing without compassion, going beyond thought leadership, to heart leadership.  Human rights had been central to movements for equality and justice throughout history and had the universal power to move people to action. In countries where human rights were not widely respected, people would risk their lives to defend them.  Mr. Türk paid tribute to brave human rights activists everywhere.  Upholding human rights made eminent sense for stability, for prosperity, for a better common future, and was a winning proposition for humanity. 

    IGNACIO CASSIS, Chief of the Federal Department of Foreign Affairs of Switzerland, said today, he had mixed feelings — a sense of pride and deep worry.  He said he was proud because Switzerland had been elected to the Human Rights Council and because Ambassador Lauber had been elected as the Council’s President, the first appointment of a Swiss President to the Council.

    However, Mr. Cassis said, he was also deeply concerned as they lived in a time of global uncertainty, influenced by the climate crisis and global authoritarianism — a large portion of the global population lived under authoritarian rule.  In this context, the Council had a duty to act.

    Last year was marked by major elections.  More than four billion citizens, half of the world’s population, went to the ballot box.  This was a test for global democracy, and the result of these elections was deep unease. Young people were becoming more radical and social networks were exposing all to unfiltered hatred. Globalisation had reduced poverty but had led to deindustrialisation.  Identity claims had taken on a scale that was destabilising societies.  Social networks and the climate crisis were fuelling a sense of chaos and distrust in governments.

    Human rights were a fundamental bedrock on which all could stabilise societies. Rights to free and transparent elections, the right to work and the right to a sustainable environment were all very important, but the challenges to these and all rights were growing. Today, the world marked the third anniversary of the war in Ukraine.  There was also conflict in the Middle East, instability in southern Africa and war in sub-Saharan Africa.  It was more necessary than ever before to focus efforts on fundamental rights, including the right to education, ownership and the total prohibition of torture and slavery.  The Human Rights Council needed to act in a united manner and with determination. Concerted action was needed to guarantee peace and stability.  This was something the Swiss Presidency could achieve.

    Human rights were not a luxury but a necessity.  Switzerland was concerned by the decisions of some Member States to withdraw from the Council.  Every member of the United Nations needed to shoulder their responsibilities toward human rights.  Mr. Cassis expressed his full support for Ambassador Lauber, whose experience inside and outside the United Nations system would serve him well.

    Switzerland would also endeavour to uphold international humanitarian law and human rights as pillars of peace and security, as a member of the United Nations Security Council.  The state of the world was a reminder that Switzerland’s mission was far from complete. Mr. Cassis closed by wishing the Council fruitful discussions.

    __________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    HRC25.004E

    MIL OSI United Nations News

  • MIL-OSI USA: DLNR News Release – HAWAIʻI ISLAND 2025 SPRING BEARDED TURKEY SEASON, Feb. 21, 2025

    Source: US State of Hawaii

    DLNR News Release – HAWAIʻI ISLAND 2025 SPRING BEARDED TURKEY SEASON, Feb. 21, 2025

    Posted on Feb 21, 2025 in Latest Department News, Newsroom

     

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    DEPARTMENT OF LAND AND NATURAL RESOURCES

    KA ʻOIHANA KUMUWAIWAI ‘ĀINA

     

     

         JOSH GREEN, M.D.
    GOVERNOR

     

    DAWN CHANG
    CHAIRPERSON

     

    HAWAIʻI ISLAND 2025 SPRING BEARDED TURKEY SEASON

     

    FOR IMMEDIATE RELEASE

    Feb. 21, 2025

     

    Hilo, Hawaiʻi – The 2025 Spring Bearded Turkey Hunting Season opens on Saturday, March 1 and will run for 46 consecutive days through Tuesday, April 15, 2025. The spring season will be for bearded turkeys only in locations identified below.

     

     

    Open Turkey Hunting Areas Special Conditions Season Dates Hunting Hours
    Unit A – Mauna Kea Forest Reserve and GMA Mammal hunting with rifle, muzzle- loader, handgun, and shotgun is limited to above treeline during spring turkey season. Archery hunting is allowed below treeline with blaze orange garment.  

     

     

     

     

    March 1 – April 15, 2025

    (46 consecutive days)

     

     

     

     

     

     

     

     

     

     

     

     

    One-half hour before sunrise to one-half hour after sunset
    Unit C – Upper Pīhā and Upper Laupāhoehoe Forest Reserves NA
    Unit F – Pu‘u Waawaa Forest Reserve All gates must be closed. Paddocks where cattle are present will be closed to hunting.
    Unit G – Ka‘ohe GMA Also open daily to mammal hunting for archery.
    Private Lands Hunters required to have valid hunting license, current turkey tags and landowner permission.
    Unit E – Kīpuka Ainahou Nēnē 

    Sanctuary

    Archery only March 1 – March 31, 2025

    (31 consecutive days)

     

     

    Bag Limits and Tags

     

    The daily bag limit will be three bearded turkeys per hunter, with a season bag limit of three. All hunters must have a current unused turkey tag in their possession while hunting. Tags are currently $5 per tag for residents and $20 per tag for nonresidents. Turkey tags are nontransferable. Traditional tags must be fastened with snaps, and printed tags must be placed in a sealable plastic bag and secured tightly around the neck or leg of any bird taken immediately after the kill. Tags may be purchased in person at the Hilo Division of Forestry and Wildlife (DOFAW) office or online.

     

    # # #

     

    RESOURCES

    (All images/video courtesy: DLNR)

     

    Hunting information: http://dlnr.hawaii.gov/recreation/hunting

     

    Gamebird hunting information and rules: https://dlnr.hawaii.gov/recreation/hunting/bird/

     

    Purchase turkey tags: https://gohunthawaii.ehawaii.gov/public/tags

     

    Photograph – attached

     

    For more information, contact DOFAW at:

     

    Hilo: 808-974-4221

    Waimea: 808-887-6063

    Main office (Oʻahu): 808-587-0166

     

     

    Media Contact: 

    Ryan Aguilar

    Communications Specialist

    Hawaiʻi Dept. of Land and Natural Resources

    Communications Office: 808-587-0396

    Email: [email protected]

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Speech by FS at Kuwait National Day Reception (English only) (with photos)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Financial Secretary, Mr Paul Chan, at Kuwait National Day Reception today (February 24):Consul General (Consul General and Ambassador of the State of Kuwait in Hong Kong, Mr Naser S Al-Ghanim), Deputy Commissioner Pan (Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region Mr Pan Yundong), Your Excellencies, Consuls General, ladies and gentlemen,     Good evening.      It is my great pleasure to be here tonight to celebrate with you the 64th National Day of the State of Kuwait.     Kuwait is the first Gulf country to establish diplomatic relations with China. You are also an active participant in our country’s Belt and Road Initiative.       These provide a solid foundation for the growing ties between our two economies. As alluded to earlier by the CG (Consul General), it is heartening to see that our bilateral trade is growing rapidly. Last year, the bilateral goods trade between Hong Kong and Kuwait rose more than 20 per cent year on year, reaching more than US$240 million. On many other fronts, our connections are deepening.       And this is part of a burgeoning relationship between Hong Kong and the Gulf countries. Over the past two years or so, the Chief Executive, myself as well as senior government officials and corporate leaders have been leading delegations to the region, seeking to strengthen connections with our partners in trade, finance, legal services, innovation and technology, cultural exchanges, and much more.       With Kuwait’s presidency of the Gulf Cooperation Council (GCC) in 2025 under the leadership of the Amir, much is anticipated on what we can do together to boost our bilateral ties, and the Hong Kong-Gulf relations at large. Indeed, the Secretary-General of the Council, His Excellency Jasem Mohamed AlBudaiwi, also a Kuwait national, came to Hong Kong last month to attend the Asian Financial Forum. I also had a fruitful meeting with His Excellency at the World Economic Forum annual meeting in Davos.        There is a strong will from both sides to strengthen co-operation on multiple fronts. In particular, Hong Kong wants to advance discussions on signing a free trade agreement with the GCC, and looks forward to the support from Kuwait and other Council members. We believe that solidifying our trade partnership will only be beneficial to our respective economies. In light of rapidly changing geopolitical dynamics marked by unilateralism and protectionism, it calls for action to build a fair, open and more resilient global economic and trade system.        Hong Kong is a perfect partner for Kuwait in realising the Kuwait Vision 2035, which covers your nation’s strategic and forward-looking plans for infrastructure development, digital transformation, green transition and global participation, and, above all, a more diversified economy.       Under the “one country, two systems” arrangement, Hong Kong is a place that enjoys unique connectivity with both the Mainland and the rest of the world. We are a converging point of global capital, investors and talent, the gateway not only to China but also the rest of Asia. Kuwaiti businesses and entrepreneurs can capitalise on the city’s full suite of fund-raising options, world-class professional services, and extensive transport and logistics network to expand and thrive.      Hong Kong is keen to share knowledge and expertise with Kuwait, and find new growth frontiers together. For example, Hong Kong’s start-ups, with innovative solutions ranging from AI (artificial intelligence) to biotech, and from greentech to fintech, are keen to support the exciting projects in your country.      Ladies and gentlemen, the promising prospects for our co-operation extend well beyond – to education, arts and culture, and much more.      Since 2023, Kuwait has been actively participating in our Asia+ Festival, giving our residents a taste of your country’s rich cultural heritage. Your Kuwaiti Culture, Art and Literature Week last year, with a host of community-based activities, was a heartening success.       And I can’t tell you how delighted I am to meet with some of Kuwait’s brightest students who are studying in Hong Kong tonight. You are the ambassadors who will build more bridges of understanding and friendship between our two economies.       With all the goodwill and friendship, I am confident that the bonds between Hong Kong and Kuwait will flourish and endure for generations to come.      For that, ladies and gentlemen, please join me now in a toast: to the people of Kuwait.     Cheers.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Prolific Alien Smuggler Extradited from Mexico to the United States in Joint Task Force Alpha Investigation

    Source: US State of Vermont

    Extensive coordination and cooperation efforts between U.S. and Mexican law enforcement authorities culminated in the extradition of an alleged alien smuggler who operated in Mexicali on the U.S.-Mexico border for several years as part of an international alien smuggling conspiracy.

    Raul Saucedo-Huipio, 49, was arrested in Mexico on March 2, 2023, pursuant to a U.S. request for his extradition, and was surrendered by Mexico to U.S. authorities on Feb. 21 to face charges previously filed in the District of Arizona. Saucedo-Huipio made his initial appearance on Feb. 21 in the Southern District of California. His co-conspirator, Ofelia Hernandez-Salas, 62, was extradited to the United States from Mexico in 2023 and pleaded guilty on Dec. 18, 2024, to conspiracy to bring an alien to the United States and substantive counts of bringing an alien to the United States.

    According to court documents, Saucedo-Huipio conspired with other smugglers, including Hernandez-Salas, to facilitate the travel of large numbers of migrants into the United States from and through Bangladesh, Yemen, Pakistan, Eritrea, India, the United Arab Emirates, Uzbekistan, Russia, Egypt, Brazil, Peru, Ecuador, Colombia, Costa Rica, Nicaragua, El Salvador, Honduras, Guatemala, and Mexico. Saucedo-Huipio and Hernandez-Salas allegedly charged the migrants as much as tens of thousands of dollars to make the journey and directed the migrants where to unlawfully cross the border into the United States, including by providing them with a ladder to climb over the border fence. Saucedo-Huipio and co-conspirators also allegedly robbed the migrants of money and personal belongings while armed with guns and knives.

    In June 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed corresponding sanctions on this transnational criminal organization.

    Supervisory Official Antoinette T. Bacon of the Justice Department’s Criminal Division, Acting U.S. Attorney Rachel C. Hernandez for the District of Arizona, and U.S. Immigration and Customs Enforcement Homeland Security Investigations (ICE HSI) Arizona Special Agent in Charge Francisco B. Burrola, made the announcement.

    ICE HSI Yuma is investigating the case with assistance from U.S. Border Patrol, Customs and Border Protection (CBP); U.S. Immigration and Customs Enforcement’s Enforcement and Removal Operations; FBI; and the U.S. Marshals Service, working in concert with ICE HSI Tijuana, INTERPOL, and the HSI Human Smuggling Unit in Washington, D.C. HSI also received substantial assistance from CBP’s National Targeting Center/Counter Network Division and OFAC.

    Trial Attorney Alexandra Skinnion of the Criminal Division’s Human Rights and Special Prosecutions Section (HRSP) and Assistant U.S. Attorney Stuart J. Zander for the District of Arizona are prosecuting the case.

    The Justice Department’s Office of International Affairs (OIA) provided significant assistance in securing the defendant’s arrest and extradition from Mexico. The Justice Department thanks its Mexican law enforcement partners, who were instrumental in arresting Saucedo-Huipio, and the Mexican Attorney General’s Office and the Mexican Foreign Ministry for making the extradition possible.

    The indictments against Raul Saucedo-Huipio and Hernandez-Salas, and their subsequent arrests and extraditions, were coordinated through Joint Task Force Alpha (JTFA). JTFA was created in partnership with the Department of Homeland Security (DHS) to strengthen the Justice Department’s efforts to combat the rise in prolific and dangerous smuggling emanating from Central America and impacting our border communities. JTFA’s goal is to disrupt and dismantle human smuggling and trafficking networks operating in El Salvador, Guatemala, Honduras, and Mexico, with a focus on networks that endanger, abuse, or exploit migrants, present national security risks, or engage in other types of transnational organized crime. The initiative was expanded to Colombia and Panama to combat human smuggling in the Darién in June 2024. JTFA comprises detailees from U.S. Attorneys’ Offices along the southwest border, including the Southern District of California, the District of Arizona, the District of New Mexico, and the Western and Southern Districts of Texas. Dedicated support is provided by numerous components of the Justice Department’s Criminal Division, led by HRSP and supported by the Office of Prosecutorial Development, Assistance and Training; the Narcotic and Dangerous Drug Section; the Money Laundering and Asset Recovery Section; the Office of Enforcement Operations; OIA; and the Violent Crime and Racketeering Section. JTFA also relies on substantial law enforcement investment from DHS, FBI, the Drug Enforcement Administration, and other partners. To date, JTFA’s work has resulted in over 355 domestic and international arrests of leaders, organizers, and significant facilitators of human smuggling; more than 300 U.S. convictions; more than 245 significant jail sentences imposed; and forfeitures of substantial assets.

    This investigation is also supported by the Extraterritorial Criminal Travel Strike Force (ECT) program, a partnership between the Justice Department’s Criminal Division and HSI. The ECT program focuses on human smuggling networks that may present particular national security or public safety risks or raise grave humanitarian concerns. ECT has dedicated investigative, intelligence, and prosecutorial resources. ECT also coordinates and receives assistance from other U.S. government agencies and foreign law enforcement authorities.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News

  • MIL-OSI: Bybit Web3 Launches Largest SpaceS Airdrop to Date: 45 Million Web3 Points With Mantle and Pengu

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 24, 2025 (GLOBE NEWSWIRE) — SpaceS, Bybit Web3‘s innovative Telegram game bot, is launching its largest airdrop campaign to date, offering 45 million Bybit Web3 Points to celebrate a community of over 3 million players. Running until March 10 and exclusively available to SpaceS Points holders, this initiative marks the first-ever distribution of Web3 Points – a utility token with tangible financial value that unlocks new engagement opportunities.

    While the familiar FarmX mechanics remain unchanged, rewards will now be delivered as Web3 Points directly to users’ wallets. Once received, every 1,000 Web3 Points earns one raffle entry, which can be redeemed via the campaign website for a chance to win exclusive prizes. This means any Telegram user can seamlessly create a Web3 Ton wallet on Bybit, and stand a chance to earn crypto tokens, such as MNT, PENGU, as well as NFTs through a raffle, simplifying their crypto journey.

    Bybit Web3 Points serve as a dynamic reward system, enabling participation in lucky draws featuring tokens such as MNT and Pengu. Previous campaigns rewarded holders with exclusive NFTs, and future rewards are already in the pipeline. This airdrop is designed to seamlessly integrate the TON ecosystem with the Bybit Web3 ecosystem – users simply need a Bybit Wallet to earn and redeem their points. 

    To further support the transition from Web2 to Web3, Bybit has introduced the Bybit TG Mini Wallet, fully integrated with SpaceS. This new tool simplifies onboarding for newcomers and reinforces Bybit’s mission to bridge the gap between traditional and decentralized platforms.

    FarmX Airdrop Success and Enhanced Opportunities
    Building on the success of earlier FarmX Airdrop campaigns – which distributed over $150,000 in rewards (including PinEye, Flock, ANIME, and USDT) to more than 80,000 participants – this latest campaign features an increased reward pool and broader participation. Participants can redeem their Web3 Points for lucky draw entries either through the dedicated landing page on Bybit Web3’s website or via the Discover section in the Bybit App. With a prize pool of 100,000 $MNT and 10,000,000 $PENGU, each draw could yield up to 100 MNT or 10,000 PENGU. 

    Bybit’s Vision for Web3 Gaming
    “Our largest airdrop yet underscores our commitment to continuous innovation and enhanced utility for our community,” said Emily Bao, Head of Spot and Web3 at Bybit. “By introducing Web3 Points – tokens with clear, tangible financial value – we are setting a new benchmark in rewards and engagement in the Web3 space.”

    With the ongoing success of SpaceS and the expansion of its airdrop campaigns, Bybit is solidifying its leadership in Web3 gaming and rewards by delivering immersive experiences and strengthening its decentralized ecosystem. 

    More information about Bybit Web3 Points is available on the website. 

    #Bybit / #TheCryptoArk / #BybitWeb3

    About Bybit Web3
    Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

    Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

    Exploring the possibilities of Web3 future with Bybit.

    For more details about Bybit Web3, users can visit Bybit Web3.

    About Bybit
    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

    For more details about Bybit, please visit Bybit Press
    For media inquiries, please contact: media@bybit.com
    For updates, please follow: Bybit’s Communities and Social Media

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    The MIL Network

  • MIL-OSI Security: Prolific Alien Smuggler Extradited from Mexico to the United States in Joint Task Force Alpha Investigation

    Source: United States Attorneys General 1

    Extensive coordination and cooperation efforts between U.S. and Mexican law enforcement authorities culminated in the extradition of an alleged alien smuggler who operated in Mexicali on the U.S.-Mexico border for several years as part of an international alien smuggling conspiracy.

    Raul Saucedo-Huipio, 49, was arrested in Mexico on March 2, 2023, pursuant to a U.S. request for his extradition, and was surrendered by Mexico to U.S. authorities on Feb. 21 to face charges previously filed in the District of Arizona. Saucedo-Huipio made his initial appearance on Feb. 21 in the Southern District of California. His co-conspirator, Ofelia Hernandez-Salas, 62, was extradited to the United States from Mexico in 2023 and pleaded guilty on Dec. 18, 2024, to conspiracy to bring an alien to the United States and substantive counts of bringing an alien to the United States.

    According to court documents, Saucedo-Huipio conspired with other smugglers, including Hernandez-Salas, to facilitate the travel of large numbers of migrants into the United States from and through Bangladesh, Yemen, Pakistan, Eritrea, India, the United Arab Emirates, Uzbekistan, Russia, Egypt, Brazil, Peru, Ecuador, Colombia, Costa Rica, Nicaragua, El Salvador, Honduras, Guatemala, and Mexico. Saucedo-Huipio and Hernandez-Salas allegedly charged the migrants as much as tens of thousands of dollars to make the journey and directed the migrants where to unlawfully cross the border into the United States, including by providing them with a ladder to climb over the border fence. Saucedo-Huipio and co-conspirators also allegedly robbed the migrants of money and personal belongings while armed with guns and knives.

    In June 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed corresponding sanctions on this transnational criminal organization.

    Supervisory Official Antoinette T. Bacon of the Justice Department’s Criminal Division, Acting U.S. Attorney Rachel C. Hernandez for the District of Arizona, and U.S. Immigration and Customs Enforcement Homeland Security Investigations (ICE HSI) Arizona Special Agent in Charge Francisco B. Burrola, made the announcement.

    ICE HSI Yuma is investigating the case with assistance from U.S. Border Patrol, Customs and Border Protection (CBP); U.S. Immigration and Customs Enforcement’s Enforcement and Removal Operations; FBI; and the U.S. Marshals Service, working in concert with ICE HSI Tijuana, INTERPOL, and the HSI Human Smuggling Unit in Washington, D.C. HSI also received substantial assistance from CBP’s National Targeting Center/Counter Network Division and OFAC.

    Trial Attorney Alexandra Skinnion of the Criminal Division’s Human Rights and Special Prosecutions Section (HRSP) and Assistant U.S. Attorney Stuart J. Zander for the District of Arizona are prosecuting the case.

    The Justice Department’s Office of International Affairs (OIA) provided significant assistance in securing the defendant’s arrest and extradition from Mexico. The Justice Department thanks its Mexican law enforcement partners, who were instrumental in arresting Saucedo-Huipio, and the Mexican Attorney General’s Office and the Mexican Foreign Ministry for making the extradition possible.

    The indictments against Raul Saucedo-Huipio and Hernandez-Salas, and their subsequent arrests and extraditions, were coordinated through Joint Task Force Alpha (JTFA). JTFA was created in partnership with the Department of Homeland Security (DHS) to strengthen the Justice Department’s efforts to combat the rise in prolific and dangerous smuggling emanating from Central America and impacting our border communities. JTFA’s goal is to disrupt and dismantle human smuggling and trafficking networks operating in El Salvador, Guatemala, Honduras, and Mexico, with a focus on networks that endanger, abuse, or exploit migrants, present national security risks, or engage in other types of transnational organized crime. The initiative was expanded to Colombia and Panama to combat human smuggling in the Darién in June 2024. JTFA comprises detailees from U.S. Attorneys’ Offices along the southwest border, including the Southern District of California, the District of Arizona, the District of New Mexico, and the Western and Southern Districts of Texas. Dedicated support is provided by numerous components of the Justice Department’s Criminal Division, led by HRSP and supported by the Office of Prosecutorial Development, Assistance and Training; the Narcotic and Dangerous Drug Section; the Money Laundering and Asset Recovery Section; the Office of Enforcement Operations; OIA; and the Violent Crime and Racketeering Section. JTFA also relies on substantial law enforcement investment from DHS, FBI, the Drug Enforcement Administration, and other partners. To date, JTFA’s work has resulted in over 355 domestic and international arrests of leaders, organizers, and significant facilitators of human smuggling; more than 300 U.S. convictions; more than 245 significant jail sentences imposed; and forfeitures of substantial assets.

    This investigation is also supported by the Extraterritorial Criminal Travel Strike Force (ECT) program, a partnership between the Justice Department’s Criminal Division and HSI. The ECT program focuses on human smuggling networks that may present particular national security or public safety risks or raise grave humanitarian concerns. ECT has dedicated investigative, intelligence, and prosecutorial resources. ECT also coordinates and receives assistance from other U.S. government agencies and foreign law enforcement authorities.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI Security: Northwest Arkansas Man Sentenced to More Than 4 Years in Prison for Operating an Illegal Money Transmitting Business Using Pandemic Funds

    Source: Office of United States Attorneys

    FAYETTEVILLE – A Northwest Arkansas man was sentenced on February 20, to 51 months in Federal Prison, followed by three years of supervised release. Additionally, he was ordered to pay restitution of $725,558.00 on one count of operating an Illegal Money Transmitting Business. The Honorable Judge Timothy L. Brooks presided over the sentencing hearing, which took place in the United States District Court in Fayetteville.

    According to court documents, Richard Harold Stone, age 77, waived indictment by a grand jury and pleaded guilty to a criminal information charging him with conducting an unlicensed money transmitting business in the State of Arkansas. Stone was the President or Chief Officer of numerous businesses registered with the Arkansas Secretary of State, including: Partex Oman Corp., Renewable Energy Campus Arkansas, Inc., Stonetek Global Corp., and Tires 2 Energy, LLC. Stone also was associated with Environmental Energy & Finance Corp., a Delaware corporation. The advertised purpose of these businesses was developing technology and facilities to repurpose waste materials, such as tires, into useable fuel sources. None of these businesses were registered with the State of Arkansas as a money transmitting business, as required by Arkansas law (Arkansas Code, Section 23-55-806(b)&(c)).

    Between November 2020 and March 2021, Stone received through various bank accounts associated with the above entities and other accounts under his control, deposits of funds from applications made on behalf of unwitting victims for Paycheck Protection Program (PPP) loans, Economic Impact Disaster Loans (EIDL), and Pandemic Unemployment Assistance (PUA), totaling more than $600,000. After receiving these funds, Stone immediately transferred most of the funds by wire transfer to parties in locations including Berne, Switzerland; London, England; New York, NY; Chennai, India; and Mumbai, India.

    At the conclusion of Thursday’s sentencing hearing, Stone was immediately remanded to the custody of the U.S. Marshals Service.

    U.S. Attorney David Clay Fowlkes of the Western District of Arkansas made the announcement.

    The Internal Revenue Service-Criminal Investigation, Federal Bureau of Investigation, and Department of Labor Office of the Inspector General investigated the case.

    Assistant U.S. Attorney Hunter Bridges is prosecuting the case.

    Related court documents may be found on the Public Access to Electronic Records website at www.pacer.gov.

    MIL Security OSI

  • MIL-OSI Global: A Palestinian-Israeli film is an Oscars favorite − so why is it so hard to see?

    Source: The Conversation – USA – By Drew Paul, Associate Professor of Arabic, University of Tennessee

    Directors Basel Adra, left, and Yuval Abraham on stage at the 62nd New York Film Festival on Sept. 29, 2024. Jamie McCarthy/Getty Images

    For many low-budget, independent films, an Oscar nomination is a golden ticket.

    The publicity can translate into theatrical releases or rereleases, along with more on-demand rentals and sales.

    However, for “No Other Land,” a Palestinian-Israeli film nominated for best documentary at the 2025 Academy Awards, this exposure is unlikely to translate into commercial success in the U.S. That’s because the film has been unable to find a company to distribute it in America.

    “No Other Land” chronicles the efforts of Palestinian townspeople to combat an Israeli plan to demolish their villages in the West Bank and use the area as a military training ground. It was directed by four Palestinian and Israeli activists and journalists: Basel Adra, who is a resident of the area facing demolition, Yuval Abraham, Hamdan Ballal and Rachel Szor. While the filmmakers have organized screenings in a number of U.S. cities, the lack of a national distributor makes a broader release unlikely.

    Film distributors are a crucial but often unseen link in the chain that allows a film to reach cinemas and people’s living rooms. In recent years it has become more common for controversial award-winning films to run into issues finding a distributor. Palestinian films have encountered additional barriers.

    As a scholar of Arabic who has written about Palestinian cinema, I’m disheartened by the difficulties “No Other Land” has faced. But I’m not surprised.

    The role of film distributors

    Distributors are often invisible to moviegoers. But without one, it can be difficult for a film to find an audience.

    Distributors typically acquire rights to a film for a specific country or set of countries. They then market films to movie theaters, cinema chains and streaming platforms. As compensation, distributors receive a percentage of the revenue generated by theatrical and home releases.

    The film “Soundtrack to a Coup D’Etat,” another finalist for best documentary, shows how this process typically works. It premiered at the Sundance Film Festival in January 2024 and was acquired for distribution just a few months later by Kino Lorber, a major U.S.-based distributor of independent films.

    The inability to find a distributor is not itself noteworthy. No film is entitled to distribution, and most films by newer or unknown directors face long odds.

    However, it is unusual for a film like “No Other Land,” which has garnered critical acclaim and has been recognized at various film festivals and award shows. Some have pegged it as a favorite to win best documentary at the Academy Awards. And “No Other Land” has been able to find distributors in Europe, where it’s easily accessible on multiple streaming platforms.

    So why can’t “No Other Land” find a distributor in the U.S.?

    There are a couple of factors at play.

    Shying away from controversy

    In recent years, film critics have noticed a trend: Documentaries on controversial topics have faced distribution difficulties. These include a film about a campaign by Amazon workers to unionize and a documentary about Adam Kinzinger, one of the few Republican congresspeople to vote to impeach Donald Trump in 2021.

    The Israeli-Palestinian conflict, of course, has long stirred controversy. But the release of “No Other Land” comes at a time when the issue is particularly salient. The Hamas attacks of Oct. 7, 2023, and the ensuing Israeli bombardment and invasion of the Gaza Strip have become a polarizing issue in U.S. domestic politics, reflected in the campus protests and crackdowns in 2024. The filmmakers’ critical comments about the Israeli occupation of Palestine have also garnered backlash in Germany.

    Locals attend a screening of ‘No Other Land’ in the village of A-Tuwani in the West Bank on March 14, 2024.
    Yahel Gazit/Middle East Images/AFP via Getty Images

    Yet the fact that this conflict has been in the news since October 2023 should also heighten audience interest in a film such as “No Other Land” – and, therefore, lead to increased sales, the metric that distributors care about the most.

    Indeed, an earlier film that also documents Palestinian protests against Israeli land expropriation, “5 Broken Cameras,” was a finalist for best documentary at the 2013 Academy Awards. It was able to find a U.S. distributor. However, it had the support of a major European Union documentary development program called Greenhouse. The support of an organization like Greenhouse, which had ties to numerous production and distribution companies in Europe and the U.S., can facilitate the process of finding a distributor.

    By contrast, “No Other Land,” although it has a Norwegian co-producer and received some funding from organizations in Europe and the U.S., was made primarily by a grassroots filmmaking collective.

    Stages for protest

    While distribution challenges may be recent, controversies surrounding Palestinian films are nothing new.

    Many of them stem from the fact that the system of film festivals, awards and distribution is primarily based on a movie’s nation of origin. Since there is no sovereign Palestinian state – and many countries and organizations have not recognized the state of Palestine – the question of how to categorize Palestinian films has been hard to resolve.

    In 2002, The Academy of Motion Picture Arts and Sciences rejected the first ever Palestinian film submitted to the best foreign language film category – Elia Suleiman’s “Divine Intervention” – because Palestine was not recognized as a country by the United Nations. The rules were changed for the following year’s awards ceremony.

    In 2021, the cast of the film “Let It Be Morning,” which had an Israeli director but primarily Palestinian actors, boycotted the Cannes Film Festival in protest of the film’s categorization as an Israeli film rather than a Palestinian one.

    Film festivals and other cultural venues have also become places to make statements about the Israeli-Palestinian conflict and engage in protest. For example, at the Cannes Film Festival in 2017, the right-wing Israeli culture minister wore a controversial – and meme-worthy – dress that featured the Jerusalem skyline in support of Israeli claims of sovereignty over the holy city, despite the unresolved status of Jerusalem under international law.

    Israeli Culture Minister Miri Regev wears a dress featuring the old city of Jerusalem during the Cannes Film Festival in 2017.
    Antonin Thuillier/AFP via Getty Images

    At the 2024 Academy Awards, a number of attendees, including Billie Eilish, Mark Ruffalo and Mahershala Ali, wore red pins in support of a ceasefire in Gaza, and pro-Palestine protesters delayed the start of the ceremonies.

    So even though a film like “No Other Land” addresses a topic of clear interest to many people in the U.S., it faces an uphill battle to finding a distributor.

    I wonder whether a win at the Oscars would even be enough.

    This article has been updated to clarify that the film was a collaborative effort between Palestinian and Israeli filmmakers.

    Drew Paul does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. A Palestinian-Israeli film is an Oscars favorite − so why is it so hard to see? – https://theconversation.com/a-palestinian-israeli-film-is-an-oscars-favorite-so-why-is-it-so-hard-to-see-249233

    MIL OSI – Global Reports

  • MIL-OSI Africa: U.S. Secretary of Energy Chris Wright to Deliver Keynote Address at 10th Powering Africa Summit

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

    LONDON, United Kingdom, February 24, 2025/APO Group/ —

    Secretary Chris Wright, U.S. Department of Energy, has been confirmed as a speaker and guest of honour at the 10th Powering Africa Summit (PAS), taking place at JW Marriott Washington, D.C. across March 6-7. This is an important step to provide an answer to the question that all of African energy is now asking: how will the new Administration approach the strategic energy relationship between the U.S. and Africa?

    Under the Summit theme, The Future of the US & Africa Energy Partnership, U.S. Secretary of Energy Chris Wright will deliver a keynote address at the 10th annual Powering Africa Summit. Wright will be joined by representatives from the U.S. Department of State: Ambassador Troy Fitrell, Senior Bureau Official, Bureau of African Affairs; Kimberly Harrington, Acting Principal Deputy Assistant Secretary, Bureau of Energy Resources; and Stephen Banks, Acting Deputy Assistant Secretary for Energy Diplomacy, Bureau of Energy Resources. All will share their vision for this future relationship between African countries and the US-based investors that are so vital to realizing their energy ambitions.

    “As Secretary of Energy, I am committed to unleashing all forms of affordable, reliable and secure energy here at home and advancing that mission of energy security around the world – and nowhere is that more critical than the continent of Africa. I look forward to joining the Summit to reaffirm the strategic energy partnership between the U.S. and Africa and share my vision for advancing innovation and removing barriers to energy access, both at home and around the world,” Secretary Wright said.

    Ministers and governments from 19 African countries will arrive in Washington D.C., where the Africa Welcome Address will be given by H.E. Honourable Adebayo Adelabu, Minister of Power, Nigeria. Together with H.E. Honourable Jeremiah Kpan Koung, Vice President, Liberia; H.E. Honourable Dr. Dele Alake, Minister for Solid Minerals Development, Nigeria; H.E. Honourable Mahmoud Mustafa Esmat, Minister of Electricity & Renewable Energy, Egypt; H.E. Honourable Karim Badawi, Minister of Petroleum & Mineral Resources, Egypt; H.E. Honourable Bogolo Joy Kenewendo, Minister of Minerals & Energy, Botswana; H.E. Honourable Alex Wachira, Principal Secretary, Ministry of Energy & Petroleum, Kenya; and Amina Benkhadra, Director General, Office National des Hydrocarbures et des Mines (ONHYM), Morocco, he will meet distinguished Ministers and leaders from South Africa, Senegal, Ethiopia, Zimbabwe, Togo, Sierra Leone and more to drive energy development across the continent.

    Flagship ministerial boardrooms and regional energy cooperation sessions will discuss and debate   derisking projects, South Africa’s energy future, the need for West African regulatory reforms, and the role of hydrogen in North Africa. New areas of opportunity such as bitcoin mining and data centers will be discussed through an East African lens. The Mission 300 initiative, set to provide electricity access to 300 million people in sub-Saharan Africa by 2030, is also high on the agenda.

    The 10th Anniversary Gala Drinks Reception sponsored by Genesis Energy, will celebrate International Women’s Day, ahead of March 8.

    Critical to the week’s discussions will be a host of private players including Alliant Insurance Services, GE Vernova, ARM-Harith Infrastructure Investment, Globeleq, Africa50, Nextracker, Schneider Electric, Newmarket Capital and the summit’s general sponsor, Sun Africa, who are looking to a new future for the U.S.-Africa relationship.   

    Sun Africa CEO, Adam Cortese said: “We are seeing a sea change in how the U.S. participates in foreign infrastructure development and our unique model of development is an excellent illustration of how U.S. energy companies can thrive in emerging markets on a strictly commercial basis. Sun Africa remains committed to harnessing Africa’s immense energy resources through innovative structures, state-of-the-art technology and strong alliances while maintaining our long-standing market-based approach to development.  At Sun Africa, we believe energy development on the continent truly represents an opportunity for win-win partnerships and look forward to sharing our experience.”

    Simon Gosling, MD of EnergyNet added: “This summit has always been about bringing together African countries seeking investment with U.S.-based investors who see the vast potential on the continent.  It is more important than ever to establish the crucial energy projects that Africa needs. PAS25 will put the continent center stage and make sure that both sides have a future relationship to be excited about.”

    Media Credentials Requited for Powering Africa Summit

    The Secretary will open the Summit on 6 March, delivering a Keynote Speech at 09:45, followed by a Fireside Chat with Mission 300 Accelerator CEO, Andrew Herscowitz.

    MIL OSI Africa

  • MIL-OSI United Nations: WFP reaches one million people in Gaza as ceasefire allows more food deliveries and distributions across the Strip

    Source: World Food Programme

    GAZA, Palestine – The World Food Programme today announced that the ceasefire in Gaza has allowed it to bring in more than double the monthly average of food it delivered prior to the ceasefire being in place. This has enabled the agency to provide full food rations, restock and reopen bakeries, and reach families across the entire Gaza Strip.

    Below is an overview of WFP’s operations since the ceasefire:

    • WFP has reached one million people with a full range of assistance, including food parcels, hot meals, fresh bread and cash assistance. 
    • More than 30,000 metric tons of WFP food have entered Gaza; more than double the monthly average of around 12,500 metric tons through the second half of 2024.
    • The agency is now distributing food in the North Gaza governorate, which had been cut off for 80 days between October and December 2024.
    • More than 60 kitchens across the Strip have handed out nearly ten million meals, prioritizing hard-to-reach areas. Kitchens are also expanding in North Gaza and Rafah. Other kitchens are relocating based on needs and population movement.
    • There are 25 bakeries now operational in the north, middle and south areas, which are producing more than 150,000 bread bundles per day – five times more bread than prior to the ceasefire.
    • More than 116,500 pregnant and nursing mothers, and children under five, have received over 3 million packs of nutritional supplements.
    • More than 70,000 tons of food – enough to feed over a million people for about 3 months – is either already prepositioned outside Gaza and available at Jordan, Egypt and Ashdod corridors, or is in transit to, or expected to arrive at these corridors. 
    • WFP provided cash to 24,000 families during the ongoing ceasefire response and plans to gradually extend support to 150,000 families by the end of 2025; however, immediate funding is essential to implement this initiative. 

    WFP is increasingly concerned about the tense situation in the West Bank where more than 40,000 people have been displaced since mid-January 2025. WFP had already been assisting vulnerable populations in the West Bank with cash assistance, reaching 190,000 people last month; the agency also provided one-off cash assistance to more than 5,000 people displaced from Jenin camp.

    WFP needs US$254 million over the next six months to provide emergency assistance for up to 1.4 million people in Gaza and the West Bank.

    ENDS

    Quote attributable to Antoine Renard, WFP Country Director and Representative in Palestine:

    “Since the ceasefire, WFP has doubled its reach, and the impact of safe and sustained humanitarian access is evident. We are now delivering food into Gaza at scale, restoring food distribution points, reopening bakeries we support, and expanding cash assistance. The ceasefire must hold, and all border crossings must remain open and operational at full capacity. There can be no going back.”

    For video footage, click here.

    #                    #                       #

    The United Nations World Food Programme is the world’s largest humanitarian organization, saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change. 

    Follow us on X, formerly Twitter, via @wfp_media 

    MIL OSI United Nations News

  • MIL-OSI Global: Fossil footprints reveal what may be the oldest known handcarts – new research

    Source: The Conversation – UK – By Matthew Robert Bennett, Professor of Environmental and Geographical Sciences, Bournemouth University

    If you’re a parent you’ve probably tried, at some point, to navigate the supermarket with a trolley, and at least one child in tow. But our new study suggests there was an ancient equivalent, dating to 22,000 years ago. This handcart, without wheels, was used before wheeled vehicles were invented around 5,000 years ago in the Middle East.

    Recently our research team discovered some remarkable fossil traces which might give a hint. These traces were found alongside some of the oldest known human footprints in the Americas at a place called White Sands in New Mexico.

    In the last few years, several footprint discoveries at this site have begun to rewrite early American history – pushing back the arrival of the first people to enter this land by 8,000 years.

    There is some controversy around the age (23,000 years old) of these footprints, with some researchers unhappy with our dating methods. But they provide a remarkable picture of past life on the margins of a large wetland at the end of the last ice age.

    The footprints tell stories, written in mud, of how people lived, hunted and survived in this land. Footprints connect people to the past in a way that a stone tool or archaeological artefact never can. Traditional archaeology is based on the discovery of stone tools. Most people today have never made a stone tool but almost all of us will have left a footprint at some time, even if it is only on the floor of the bathroom.

    Today, modern shopping trolleys can be found rusting in canals, rivers or abandoned in shrubbery. But ancient versions would have probably been of wood and simply rotted away. We know that transport technology must have existed.

    Everyone has stuff to transport, but we have no record of it until written histories. At White Sands, we found drag-marks made by the ends of wooden poles while excavating for fossil footprints. Sometimes these appear as just one trace, while at other times they occur as two parallel, equidistant traces.

    A pole or poles used in this fashion is called a travois. These drag-marks are preserved in dried mud that was buried by sediment and revealed by a combination of erosion and excavation. The drag-marks extend for dozens of metres before disappearing beneath overlying sediment. They clip barefoot human tracks along their length, suggesting the user dragged the travois over their own footprints as they went along.

    To help interpret these features, we conducted a series of tests on mud flats both in Dorset, UK, and on the coast of Maine, US. We used different combinations of poles to recreate simple, hand-pulled travois.

    In our experiments the pole-ends dragged along the mud truncate footprints in the same way as the fossil example in New Mexico. These features in the fossil examples were also always associated with lot of other human footprints travelling in a similar direction, many of which, judging by their size, were made by children.

    We believe the footprints and drag-marks tell a story of the movement of resources at the edge of this former wetland. Adults pulled the simple, probably improvised travois, while a group of children tagged along to the side and behind.

    The research team has benefited from the insight of the Indigenous peoples we work with at White Sands, and they interpret the marks in this way as well. We cannot discount that some of the marks may be made by dragging firewood, but this does not fit all the cases we found.

    Travois are known from historical documents and accounts of Indigenous peoples and their traditions. They were more commonly associated with dogs or horses, but they were pulled by humans in our tests.

    As such they represent early examples of the handcart or wheelbarrow, but without the wheel. The earliest record of a wheeled vehicle dates from Mesopotamia (modern day Iraq), in 2,500BC. We think the travois were probably improvised from tent poles, firewood and spears when the need arose.

    Maybe they were created to help move camp, or more likely, transport meat from a hunting-site. In the latter context the analogy with the shopping trolley comes to the fore, as does the pained expression of the adults faces as they quest for resources with a gaggle of children in tow.

    Matthew Robert Bennett receives funding from Arts and Humanities Research Council.

    Sally Christine Reynolds does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Fossil footprints reveal what may be the oldest known handcarts – new research – https://theconversation.com/fossil-footprints-reveal-what-may-be-the-oldest-known-handcarts-new-research-250438

    MIL OSI – Global Reports

  • MIL-OSI Global: Sanctions rarely achieve their goals – here’s why they failed in Russia and Myanmar

    Source: The Conversation – UK – By Sergey Sosnovskikh, Lecturer in International Business, Manchester Metropolitan University

    Sanctions are, according to research, effective less than 10% of the time if success is defined as the complete compliance of a sanctioned regime with the imposed external pressure. Taking a more lenient view, which includes partial concessions or negotiated settlements, the success rate rises to 35% at most.

    The idea that sanctions can completely restrict trade to sanctioned countries is largely flawed. Iranian residents, for example, can still access many western products despite sanctions through intermediaries in countries like Turkey and the Gulf states.

    To better understand why sanctions fail, consider the cases of Russia and Myanmar. The sanctions imposed on Russia following its full-scale invasion of Ukraine in 2022 have undoubtedly caused some economic disruption, including inflation, labour shortages and a devaluation of the Russian rouble. But they have had a limited impact overall.

    In April 2024, the International Monetary Fund predicted that Russia’s economy would grow faster than all of the world’s advanced economies that year, including the US.

    Many countries have not participated in the west’s sanctions regime, which has created enforcement gaps. These gaps have largely enabled Russia to maintain access to sanctioned goods and continue its economic activities.

    In January 2023, a US thinktank called Silverado reported that some former Soviet states had increased their “transshipment” of goods produced by multinational firms that no longer export to Russia directly.

    Transshipment is a process where cargo is unloaded from one vessel and reloaded into another while in transit. Armenia and Uzbekistan, as well as China and Turkey, are the countries commonly used as “transshipment points” to Russia.

    Indeed, research of our own into how sanctioned goods continue to reach Russia reveals that companies often reroute their supply chains through politically allied intermediary nations. These rerouted imports can, however, drive up product prices for ordinary citizens.

    Stacks of containers at a port in St Petersburg, Russia.
    Andrey Mihaylov / Shutterstock

    Russia has also reduced its dependency on imports by increasing production in sectors such as agriculture and manufacturing. In August 2023, for example, India and Russia signed the biggest ever grain deal between the two countries.

    And the Russian government implemented fiscal and monetary measures, including currency controls and subsidies, to stabilise the economy and support key industries.

    Russia’s large, diverse economy and abundant natural resources make it more resilient to sanctions compared to some smaller and less diversified nations. Much of the world is reliant on Russian gas and, since the imposition of western sanctions, countries like China and India have increased the amount they buy.

    Even the EU is still spending billions of US dollars on Russian gas. In the first 15 days of 2025, after an agreement allowing Russia to pump gas to the EU via pipelines running across Ukraine ended, the EU’s 27 countries imported Russian gas at a record rate.

    Sanctioning Myanmar’s military

    Targeted western sanctions have tried to undermine the financial interests of Myanmar’s military junta, which has been battling armed opposition to its rule since a coup in 2021. But these sanctions have only been partially effective, too.

    China, India, Japan and neighbouring south-east Asian countries continue to engage in business with Myanmar. In Myanmar’s lucrative gas export sector, the vacuum left by departing western companies has been swiftly filled by Asian partners. This has ensured the junta’s income streams remain largely intact.

    Brands that have ostensibly exited the market due to sanctions or activist pressure also remain accessible through the country’s porous border trade. And there have been cases where a significant delay between a company’s declared exit and its actual departure inadvertently allowed operations to continue as usual for some time.

    In 2024, we conducted a study with our colleague Anna Grosman, an expert on innovation and entrepreneurship at Loughborough University, on multinational firms operating in Myanmar. Our findings highlight the dilemma foreign businesses face in sanctioned countries over whether to stay or leave.

    This decision is shaped by formal pressure, such as home and host government restrictions. For instance, a multinational firm’s home government may penalise companies that continue to operate in a sanctioned country, while the host government may impose policies or financial barriers to prevent or delay their exit.

    However, informal pressure from activists, diaspora groups and international advocacy organisations also plays a role. Staying can help businesses avoid financial losses and the complexities of exit, but it also exposes them to reputational damage and ethical dilemmas.

    Western sanctions on Myanmar’s military regime have been ineffective, too.
    R. Bociaga / Shutterstock

    Some of the junta’s financial channels, such as revenue from the jade mining industry, are out of reach for sanctions. In 2021, the US treasury department sanctioned Myanmar’s state-owned gemstone company, Myanmar Gem Enterprise, describing it as “a key economic resource” for the military.

    However, sanctions on Myanmar Gem Enterprise have not been completely effective. Myanmar’s gemstone mining industry is mostly an informal sector, with data on mining income and distribution underreported and opaque. Continued revenue from this sector will almost certainly have further cushioned the impact of western sanctions.

    The sanctions have only partially stopped the flow of income to the junta. But they have contributed to the hardships facing ordinary citizens. Myanmar’s currency has cratered, while imported goods including pharmaceuticals and fuel are in short supply. Power outages are now common and there are soaring levels of unemployment.

    Some western governments have now imposed sanctions on state-owned banks in Myanmar in an attempt to stop revenue from reaching the junta. This move will only worsen the situation facing Myanmar’s people.

    Sanctions drive nations towards building domestic industries to replace imported goods and strengthening alliances with supportive countries. Far from achieving their intended political objectives, sanctions can exacerbate an already volatile geopolitical landscape, while driving up prices for ordinary people.

    But at the same time, governments and businesses have a duty to exit a country when they are no long able to adhere to their own human rights commitments.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Sanctions rarely achieve their goals – here’s why they failed in Russia and Myanmar – https://theconversation.com/sanctions-rarely-achieve-their-goals-heres-why-they-failed-in-russia-and-myanmar-244975

    MIL OSI – Global Reports

  • MIL-OSI Canada: A just and lasting peace for Ukraine

    Source: Government of Canada – Prime Minister

    Three years ago today, Russia launched an illegal full-scale invasion of Ukraine that has left hundreds of thousands dead and forced millions to flee. In the face of unimaginable hardship, Ukrainians have persevered and have fought for freedom and democracy. Canada has supported and will continue to support Ukraine in achieving just and lasting peace.

    The Prime Minister, Justin Trudeau, visited Kyiv today to reaffirm Canada’s unwavering support for Ukraine.

    During this visit, the Prime Minister highlighted the recent conclusion of negotiations between Canada and Ukraine on the terms of Canada’s $5 billion contribution to the G7 Extraordinary Revenue Acceleration (ERA) Loans mechanism. Canada will disburse the first half of its contribution, totalling $2.5 billion, in the coming days, with the remainder to follow soon. Announced last year at the G7 Summit in Apulia, Italy, the ERA Loans will bring forward the future revenues from frozen Russian sovereign assets. This initiative will provide Ukraine with approximately $69 billion (US$50 billion).

    To maintain pressure on Russia, Prime Minister Trudeau announced new sanctions targeting 76 individuals and entities providing support for the Kremlin’s military industrial base, involved in the unlawful deportation or forced transfer of Ukrainian children, or supporting the Kremlin’s information operations capabilities, as well as senior Russian government officials and oligarchs who support Putin’s regime. In total, Canada has sanctioned more than 3,000 individuals and entities who are complicit in the violation of Ukraine’s sovereignty and territorial integrity and in gross and systematic human rights violations. The Prime Minister also announced that Canada is taking action against Russia’s shadow fleet by sanctioning 109 vessels based on their involvement in the transfer of sanctioned goods, including hydrocarbons whose revenue fuels Russia’s war machine.

    In response to Russia’s renewed attacks on Ukraine’s energy infrastructure, which have left millions of civilians deprived of electricity, water, and heat, the Prime Minister also announced a $50 million contribution to help support Ukraine’s urgent efforts to repair and replace damaged energy equipment and critical infrastructure, in partnership with the Energy Community Secretariat. This builds on the $20 million in funding Canada announced last year in support of this initiative at the Summit on Peace in Ukraine, in Lucerne, Switzerland.

    During a bilateral meeting with the President of Ukraine, Volodymyr Zelenskyy, Prime Minister Trudeau noted progress on Canada’s assistance commitments, including the delivery of military training and critical equipment, such as armoured combat vehicles and infantry fighting vehicles, ammunition, and F-16 landing systems and simulators. 

    Building on the $3.02 billion announced in the Agreement on Security Cooperation between Canada and Ukraine last year, the Prime Minister announced that $40 million of the total $3.02 billion in funding will be allocated to deliver urgently needed capabilities to the Armed Forces of Ukraine through the Danish Model and another $15 million toward supporting Canadian companies seeking to operate and invest in Ukraine’s defence sector.

    The Prime Minister announced new assistance measures for Ukraine totalling $118.5 million, including:

    • $92.3 million in development assistance to strengthen local community building, support small-scale livelihood recovery projects that address community needs, reduce poverty and break down barriers to women’s full participation, address food security issues, and support the return of deported children and missing persons by improving the resilience of Ukraine’s government, communities, civil society, and private sector.
    • $14 million in humanitarian assistance, including for the provision of food, shelter, water, sanitation, hygiene services, and mental health and psycho-social support to those in need.
    • $8 million for weapons threat reduction to provide critical personal protective equipment to Ukrainians facing chemical, biological, radiological, and nuclear threats, and to strengthen nuclear security in the country.
    • $4.25 million to support peace and stabilization operations, including assisting regional women’s rights organizations and ensuring representatives from civil society and media can work safely.
    • $82,000 for local initiatives that will support the physical and mental health of former Ukrainian prisoners of war.

    In total, Canada has committed over $19.7 billion in multifaceted assistance for Ukraine since the beginning of Russia’s full-scale invasion in February 2022.

    In Kyiv, Prime Minister Trudeau joined President Zelenskyy and international partners to discuss the situation on the ground as well as Ukraine’s needs for military, financial, humanitarian, recovery, and other assistance. During a plenary session on the theme of “Defence and Security Strategy of Unity: Action Plan”, he delivered remarks commending the Ukrainian people for their bravery and resilience in the face of unjustified and brutal violence. He reaffirmed Canada’s position as an unshakeable ally who will continue to work with partners around the world to provide Ukraine with security and defence support – allowing it to recover, rebuild, and prosper.

    The Prime Minister also convened his G7 counterparts and President Zelenskyy for a hybrid meeting to further discuss support for Ukraine. He underlined the importance of G7 unity in supporting a just and lasting peace in Ukraine as well as Ukraine’s reconstruction and economic recovery, noting that these would be priorities for Canada throughout our G7 Presidency this year.

    The Prime Minister also attended a candle-lighting ceremony where he paid tribute to all those whose lives have been lost since the start of Russia’s aggression. Throughout his visit, he reiterated that Canada will always stand with Ukrainians as they continue to fight for freedom, justice, and democracy. We will defend a future for Ukraine that’s written by Ukrainians. We will defend a Ukraine that is strong and free. And we will be with Ukraine in this fight until a just and lasting peace is reached.

    Quotes

    “For three years now, Ukrainians have fought with courage and resilience against Russia’s brutal war of aggression. Their fight for democracy, freedom, and sovereignty is a fight that matters to us all. Today, in Kyiv, my message to Ukraine and Ukrainians is loud and clear: Canada will continue to stand with you in achieving just and lasting peace. We are strengthening our commitments, providing additional support, and working with our partners to secure peace and freedom for Ukraine. Slava Ukraini!”

    “Canada remains steadfast in its support for Ukraine and will continue to leverage sanctions to weaken Russia’s ability to wage its illegal war. By targeting its military-industrial base, exposing those responsible for crimes and abuses in occupied Ukrainian territories, and disrupting the oligarchs’ confidants and shadow fleet supporting the Russian regime, we are holding Russia accountable. For three years, Canada has stood with Ukraine, and we will stand by its side for as long as it takes.”

    “Since the start of Russia’s unprovoked, full-scale invasion of Ukraine three years ago, Canada has stood with the Ukrainian people. We remain unwavering in our commitment to continue providing Ukraine with critical military assistance to defend itself against Russia’s brutal aggression. Together with our Allies and partners, we will ensure Ukraine has the support it needs in the fight to safeguard its sovereignty and territorial integrity.”

    Quick Facts

    • This was Prime Minister Trudeau’s fourth visit to Ukraine since the start of Russia’s full-scale invasion on February 24, 2022. For this visit, the Prime Minister was accompanied by the Minister of National Defence, Bill Blair.
    • In Ukraine, the Prime Minister held bilateral meetings with the President of Ukraine, Volodymyr Zelenskyy, and the Prime Minister of Spain, Pedro Sánchez.
    • During his visit, the Prime Minister also welcomed a new partnership with the NATO Science for Peace and Security project through which Natural Resources Canada will receive $2.1 million in funding to help create tools, establish key performance indicators, and identify opportunities for the reduction of fossil fuel dependency in military operations.
    • The sanctions announced today against Russia’s shadow fleet include 92 oil tankers involved in transferring Russian oil to third countries, nine liquefied natural gas (LNG) tankers involved in transferring Russian LNG to third countries, and eight vessels involved in moving arms and related material to Russia from Iran and North Korea. Canada is also adopting new measures that will prohibit a wider range of sensitive goods and technologies from being exported from Canada to Russia.
    • The measures announced today build on other recent announcements, including:
      • Providing $440 million in military assistance for Ukraine, including funding for the procurement and delivery of large-calibre ammunition and various calibres of ammunition from Canadian industry, the production of military drones by Ukraine’s domestic defence industry, the delivery of high-resolution drone cameras, and the donation of winter gear, such as sleeping bags and winter boots.
      • Providing $15 million in funding to the Innovative Mine Action for Community Recovery in Ukraine project, to help enhance Ukraine’s national mine action capacity, reduce the threat of explosive ordinance, and promote economic recovery. Canada also announced $2.2 million for the Cybersecurity Assistance Project, to provide essential cybersecurity support services, equipment, and training urgently needed by Ukraine to combat malicious cyber activities.
      • Marking the first anniversary of the launch of the International Coalition for the Return of Ukrainian Children, which 41 states and the Council of Europe have joined in a collective commitment to bringing Ukrainian children home. With the help of Coalition Member States and other key international partners, Ukraine has successfully facilitated the safe return of nearly 600 children since the launch of the Coalition, and over 1000 to date. The Coalition is co-led by Canada and Ukraine.
      • Signing a Memorandum of Understanding between Canada and Ukraine to share information and expertise that will help members of Ukraine’s security and defence forces and their families have access to resources to transition to life after service.
    • Since the beginning of 2022, Canada has committed $19.7 billion in multifaceted support to Ukraine. This includes:
      • Over $12.4 billion in direct financial assistance, the highest in the G7 on a per capita basis.
      • $4.5 billion in military assistance, such as M777 howitzers, Leopard 2 main battle tanks, armoured combat support vehicles, hundreds of thousands of rounds of ammunition, high-resolution drone cameras, thermal clothing, body armour, fuel, and more.
      • Over $529 million in development assistance, including support to Ukraine’s energy system.
      • $372.2 million in humanitarian assistance, including support for emergency health interventions, protection services, and essentials such as shelter, water, sanitation, and food. Programming also addresses child protection, mental health support, and prevention and response to sexual and gender-based violence.
      • Nearly $225 million in security and stabilization assistance.
    • In Kyiv, the Prime Minister highlighted the ongoing work of members of the Canadian Armed Forces in the United Kingdom and Poland under Operation UNIFIER. Since 2015, they have provided training on a range of military skills to over 40,000 Ukrainian troops. He noted that Canada continues to engage closely with Ukraine, Allies, and partners on how best to enhance support through Operation UNIFIER to help Ukraine defend itself.
    • Last year, on February 24, Prime Minister Trudeau and President Zelenskyy signed the historic Agreement on Security Cooperation between Canada and Ukraine, establishing a new strategic security partnership between our two countries. This included $3.02 billion in critical financial and military support to Ukraine for 2024.
    • As part of the 2024 Fall Economic Statement, the federal government announced last year its intention to double down on our efforts to support Ukraine, including through proposed legislative changes that will ensure profits from frozen Russian assets are used to rebuild Ukraine.
    • Since the start of Russia’s full-scale invasion of Ukraine, Canada has welcomed more than 220,000 Ukrainians. We are helping Ukrainian families find a safe, temporary home and have put support services in place for their arrival. This includes temporary financial assistance and access to federally funded settlement services, such as language training and employment-related services.
    • Canada and Ukraine have long been steadfast partners and close friends. In 1991, Canada became the first Western country to recognize Ukraine’s independence. Today, 1.3 million people of Ukrainian descent call Canada home – the largest Ukrainian diaspora in the Western world. In 2022, total bilateral trade between our two countries was valued at over $421 million.

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  • MIL-OSI United Nations: Human Rights ‘Oxygen of Humanity’, Critical to Sustainable Peace, Says Secretary-General

    Source: United Nations 4

    Following are UN Secretary-General António Guterres’ remarks to Human Rights Council, in New York today:

    We begin this session under the weight of a grim milestone — the third anniversary of the Russian Federation’s invasion of Ukraine, in violation of the Charter of the United Nations.  More than 12,600 civilians killed, with many more injured.  Entire communities reduced to rubble.  Hospitals and schools destroyed.  We must spare no effort to bring an end to this conflict, and to achieve a just and lasting peace in line with the UN Charter, international law and General Assembly resolutions.

    Conflicts like the war in Ukraine exact a heavy toll.  A toll on people.  A toll on fundamental principles like territorial integrity, sovereignty and the rule of law.  And a toll on the vital business of this Council.

    Without respect for human rights — civil, cultural, economic, political and social — sustainable peace is a pipedream.  And like this Council, human rights shine a light in the darkest places.

    Through your work, and the work of the High Commissioner’s Office around the world, you’re supporting brave human rights defenders risking persecution, detention and even death.  You’re working with Governments, civil society and others to strengthen action on human rights.  And you’re supporting investigations and accountability.

    Five years ago, we launched our Call to Action for Human Rights, embedding human rights across the work of the United Nations around the world in close cooperation with our partners.  I will continue supporting this important work, and the High Commissioner’s Office, as we fight for human rights everywhere.  We have our work cut out for us.

    Human rights are the oxygen of humanity.  But, one by one, human rights are being suffocated.  By autocrats, crushing opposition because they fear what a truly empowered people would do.  By a patriarchy that keeps girls out of school, and women at arm’s length from basic rights.  By wars and violence that strip populations of their right to food, water and education. By warmongers who thumb their nose at international law, international humanitarian law and the UN Charter.

    Human rights are being suffocated by the climate crisis.  And by a morally bankrupt global financial system that too often obstructs the path to greater equality and sustainable development.  By runaway technologies like artificial intelligence (AI) that hold great promise, but also the ability to violate human rights at the touch of a button.  By growing intolerance against entire groups — from Indigenous Peoples, to migrants and refugees, to the lesbian, gay, bisexual, transgender, queer, intersex and other identities (LGBTQI+) community, to persons with disabilities.  And by voices of division and anger who view human rights not as a boon to humanity, but as a barrier to the power, profit and control they seek.

    In short — human rights are on the ropes and being pummelled hard.  This represents a direct threat to all of the hard-won mechanisms and systems established over the last 80 years to protect and advance human rights.

    But, as the recently adopted Pact for the Future reminds us, human rights are, in fact, a source of solutions.  The Pact provides a playbook on how we can win the fight for human rights on several fronts.

    First — human rights through peace and peace through human rights.  Conflicts inflict human rights violations on a massive scale.  In the Occupied Palestinian Territory, violations of human rights have skyrocketed since the horrific Hamas attacks of 7 October 2023 and the intolerable levels of death and destruction in Gaza.

    And I am gravely concerned by the rising violence in the occupied West Bank by Israeli settlers and other violations, as well as calls for annexation. We are witnessing a precarious ceasefire.  We must avoid at all costs a resumption of hostilities.  The people in Gaza have already suffered too much.

    It’s time for a permanent ceasefire, the dignified release of all remaining hostages, irreversible progress towards a two-State solution, an end to the occupation and the establishment of an independent Palestinian State, with Gaza as an integral part.

    In Sudan, bloodshed, displacement and famine are engulfing the country.  The warring parties must take immediate action to protect civilians, uphold human rights, cease hostilities and forge peace.  And domestic and international human rights monitoring and investigation mechanisms should be permitted to document what is happening on the ground.

    In the Democratic Republic of the Congo, we see a deadly whirlwind of violence and horrifying human rights abuses, amplified by the recent M23 [23 March Movement] offensive, supported by the Rwandan Defence Forces. As more cities fall, the risk of a regional war rises.

    It’s time to silence the guns.  It’s time for diplomacy and dialogue.  The recent joint summit in the United Republic of Tanzania offered a way forward with a renewed call for an immediate ceasefire.  The sovereignty and territorial integrity of the Democratic Republic of the Congo must be respected.  The Congolese people deserve peace.

    In the Sahel, I call for a renewed regional dialogue to protect citizens from terrorism and systemic violations of human rights, and to create the conditions for sustainable development.

    In Myanmar, the situation has grown far worse in the four years since the military seized power and arbitrarily detained members of the democratically elected Government.  We need greater cooperation to bring an end to the hostilities and forge a path towards an inclusive democratic transition and a return to civilian rule, allowing for the safe return of the Rohingya refugees.

    And in Haiti, we are seeing massive human rights violations — including more than a million people displaced, and children facing a horrific increase in sexual violence and recruitment into gangs.  In the coming days, I will put forward proposals to the United Nations Security Council for greater stability and security for the people of Haiti — namely through an effective UN assistance mechanism to support the Multilateral Security Support mission, the national police and Haitian authorities.  A durable solution requires a political process — led and owned by the Haitian people — that restores democratic institutions through elections.

    The Pact for the Future calls for peace processes and approaches rooted in the Universal Declaration of Human Rights, international law and the UN Charter.  It proposes specific actions to prioritize conflict prevention, mediation, resolution and peacebuilding.  And it includes a commitment to tackle the root causes of conflict, which are so often enmeshed in denials of basic human needs and rights.

    Second — the Pact for the Future advances human rights through development.  The Sustainable Development Goals (SDGs) and human rights are fundamentally intertwined. They represent real human needs — health, food, water, education, decent work and social protection.

    With less than one fifth of the Goals on track, the Pact calls for a massive acceleration through an SDG Stimulus, reforming the global financial architecture, and taking meaningful action for countries drowning in debt.  This must include focused action to conquer the most widespread human rights abuse in history — inequality for women and girls.

    The Pact calls for investing in battling all forms of discrimination and violence against women and girls, and ensuring their meaningful participation and leadership across all walks of life.  And along with the Declaration on Future Generations, the Pact calls for supporting the rights and futures of young people through decent work, removing barriers for youth participation, and enhancing training.  And the Global Digital Compact calls on nations to champion young innovators, nurture entrepreneurial spirit and equip the next generation with digital literacy and skills. 

    Third — the Pact for the Future recognizes that the rule of law and human rights go hand-in-hand.  The rule of law, when founded on human rights, is an essential pillar of protection.  It shields the most vulnerable.  It’s the first line of defence against crime and corruption.  It supports fair, just and inclusive economies and societies.  It holds perpetrators of human rights atrocities to account.  It enables civic space for people to make their voices heard — and for journalists to carry out their essential work, free from interference or threats.  And it reaffirms the world’s commitment to equal access to justice, good governance and transparent and accountable institutions.

    Fourth — human rights through climate action.  Last year was the hottest on record — capping the hottest decade on record.  Rising heat, melting glaciers and hotter oceans are a recipe for disaster.  Floods, droughts, deadly storms, hunger, mass displacement — our war on nature is also a war on human rights.  We must choose a different path.

    I salute the many Member States who legally recognize the right to a healthy environment — and I call on all countries to do the same.  Governments must keep their promise to produce new, economy-wide national climate action plans this year, well ahead of thirtieth UN Climate Change Conference in Brazil.  Those plans must limit the rise in global temperature to 1.5°C — including by accelerating the global energy transition.

    We also need a surge in finance for climate action in developing countries, to adapt to global heating, slash emissions and accelerate the renewables revolution, which represents a massive economic opportunity. We must stand up to the misleading campaign of many in the fossil fuel industry and its enablers who are aiding and abetting this madness, while also protecting and defending those on the front lines of climate justice.

    And fifth — human rights through stronger, better governance of technology.  As fast-moving technologies expand into every aspect of our lives, I am deeply concerned about human rights being undermined.

    At its best, social media is a meeting ground for people to exchange ideas and spark respectful debate.  But, it can also be an arena of fiery combat and blatant ignorance. A place where the poisons of misinformation, disinformation, racism, misogyny and hate speech are not only tolerated — but often encouraged.  Verbal violence online can easily spill into physical violence in real life.

    Recent rollbacks on social media fact-checking and content moderation are reopening the floodgates to more hate, more threats and more violence.  Make no mistake.  These rollbacks will lead to less free speech, not more, as people become increasingly fearful to engage on these platforms.  Meanwhile, the great promise of AI is matched by limitless peril to undermine human autonomy, human identity, human control — and yes, human rights.

    In the face of these threats, the Global Digital Compact brings the world together to ensure that human rights are not sacrificed on the altar of technology.  This includes working with digital companies and policymakers to extend human rights to every corner of cyberspace — including a new focus on information integrity across digital platforms.

    The Global Principles for Information Integrity I launched last year will support and inform this work as we push for a more humane information ecosystem.

    The Global Digital Compact also includes the first universal agreement on the governance of AI that brings every country to the table and commitments on capacity-building, so all countries and people benefit from AI’s potential.  By investing in affordable Internet, digital literacy and infrastructure.  By helping developing countries use AI to grow small businesses, improve public services and connect communities to new markets.  And by placing human rights at the centre of AI-driven systems.

    The Pact’s decisions to create an Independent International Scientific Panel on AI and an ongoing Global Dialogue that ensure all countries have a voice in shaping its future are important steps forward.  We must implement them.

    We can help end the suffocation of human rights by breathing life into the Pact for the Future and the work of this Council.  Let’s do that together.  We don’t have a moment to lose.

    MIL OSI United Nations News

  • MIL-OSI USA: Chairman Mast Issues Statement Marking Three-year Anniversary of Ukraine War

    Source: US House Committee on Foreign Affairs

    Media Contact 202-226-8467

    WASHINGTON, D.C. – Today, House Foreign Affairs Committee Chairman Brian Mast issued the following statement upon the third anniversary since the start of the full-scale war in Ukraine.

    “Today’s three-year anniversary marking the start of Russia’s invasion of Ukraine is no cause for Russian celebration. It marks the anniversary of the largest tactical and strategic blunder in Russian history. While Russia has brought brutality against civilians and soldiers alike, raping women and kidnapping children, Ukraine is slaughtering hundreds of thousands of Russian conscripts who have invaded their country. Ukraine is likewise annihilating the soldiers Vladimir Putin imported from Kim Jong Un’s North Korea and overcoming the financial and military support flowing from China and Iran. President Trump has recognized the need to end this carnage. He will never be Neville Chamberlain, he will not seek a premature peace that allows the enemy to regroup, and he will settle for nothing less than sustained peace backed by a Europe which is capable of defending itself from Russia. Europe must meet the moment and match Russian military spending and recruitment. Europe must realize that for our alliance to be the strongest in history, America needs a Europe that can hold its own.”

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    MIL OSI USA News

  • MIL-OSI USA: Senator Coons statement on the third anniversary of Russia’s full-scale invasion of Ukraine

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons
    WILMINGTON, Del. – U.S. Senator Chris Coons (D-Del.) issued the following statement commemorating the third anniversary of Russia’s total invasion of Ukraine on February 24, 2022:
    “Three years ago, more than 100,000 Russian troops invaded Ukraine, launching the largest war of aggression in Europe since World War II. I was visiting NATO and U.S. troops in Lithuania the week that the war began, and as I flew back from Europe, I prayed for the success of the brave Ukrainian fighters. Analysts believed it was only a matter of days until Kyiv fell and Putin was victorious.
    “Instead, for three years, the courageous Ukrainian people have defended their homeland, their freedom, and their democracy. Backed by a global coalition of more than 50 nations, they have fought and inflicted massive losses on the Russian aggressors, the largest army in Europe. They have endured unimaginable hardship, the crippling of their economy, and the atrocities of too many war crimes to count.
    “President Zelenskyy has ably led his country, and his people have fought with incredible bravery. Tragically, President Trump appears poised to give Putin a victory at the negotiating table that he has been unable to secure on the battlefield. He has repeated Russian propaganda, picked fights with Zelenskyy, and seems set on imposing a peace “deal” that will effectively surrender Ukraine to Putin. This strategic mistake would embolden our adversaries, waving a flag for Russia to continue marching across eastern Europe, for China to adopt a similar playbook for Taiwan, and for Iran and North Korea to learn that by partnering with this axis of autocrats, they can defeat the West. If he does abandon Ukraine, Trump will go down as the biggest betrayer of our interests and our ideals of this century.
    “On this anniversary, it is time for every American advocate of freedom, no matter their party, to tell President Trump that he must not force Ukraine into a weak peace that will not hold. He must instead make clear to Putin that we will stand behind Ukraine in this war, in partnership with our European allies, who are offering to take on more of the burden of defending Ukraine and to join us in securing the peace. That is “peace through strength,” that is how we bring this war to a just end, and how we live up to the values that have long defined us as Americans.”
    Senator Coons is the Ranking Member of the Senate Appropriations Subcommittee on Defense and a member of the Senate Foreign Relations Committee.

    MIL OSI USA News