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Category: Middle East

  • MIL-OSI China: ‘Ne Zha 2’ designer discusses new characters and creative process

    Source: China State Council Information Office 3

    Shen Wei, the character designer behind China’s top-grossing animated film “Ne Zha,” recently spoke with China.org.cn about his challenging journey in designing characters for “Ne Zha 2,” following the overwhelming success of the original film in 2019.

    Shen Wei, the character designer for the “Ne Zha” series. [Photo courtesy of Coloroom Pictures]

    “Ne Zha 2” joined the highly vibrant Spring Festival film season lineup and debuted on Jan. 29. Building on the remarkable success of its predecessor, this five-year project continues to draw inspiration from the mischievous yet endearing character from the Ming dynasty novel (1368-1644) “The Investiture of the Gods.” It also introduces a “dimensional upgrade” that includes new characters, thrilling battle scenes, more than 1,900 visual effect shots, and enhanced details for IMAX.

    When discussing the challenges of character design amid high audience expectations after a five-year wait, Shen emphasized the importance of two concepts: continuity and innovation.

    “I believe finding the right balance between continuity and innovation is essential,” Shen said. “The audience has already embraced elements of the original, so it’s impossible to completely break away from the established framework. Our approach is to carry forward the essence of the first film into the sequel while innovating and improving on existing techniques.”

    “Ne Zha 2” includes a substantial increase in new characters, tripling the number from the first film. A promotional video reveals that nearly every character has received unique battle designs instead of reusing previous designs. Shen noted that this approach demanded considerable effort and time. His goal was to immerse the audience in a story that feels authentic and engaging, ensuring that each character is fully developed and relatable.

    Designs for several characters from “Ne Zha 2.” [Image courtesy of Coloroom Pictures]

    “I’d like to clarify that while I contributed to many of the characters in the films, such as the soldiers and sea creatures, I did not create them alone. They were created by many team members due to the substantial workload,” Shen explained. “However, we all share the same principle that our character designs must serve the film and its storytelling.”

    One new character that impressed Shen is Ao Shun, a legendary dragon king. His complex armor, made entirely of blades, along with his unique fighting style, presented significant development challenges. Shen worked closely with Yang Yu, the creator of the “Ne Zha” film series, known by his nickname Jiaozi, to explore various iterations of the character’s costume and performance style. Despite these challenges, overcoming obstacles in designing Ao Shun made the creative process particularly memorable for Shen.

    Shen also shared an intriguing behind-the-scenes story about Jiaozi. “There were times when I might not fully grasp the specific points Jiaozi wanted to convey,” Shen said. “In those cases, he often performed the characters in person or via video calls to help me understand them better. Pure textual descriptions could be difficult to fully comprehend. When you incorporated performance elements – such as actions, expressions, and tone, as Jiaozi did – everything changed.”

    In 2019, the first installment grossed over 5 billion yuan ($690 million) in the Chinese market and $726 million worldwide, according to Box Office Mojo. It received a positive response from international audiences. Regarding his expectations for “Ne Zha 2,” Shen expressed hope that the film would convey Eastern culture, aesthetics, and the core spirit of the Chinese nation to global viewers, further promoting cultural heritage worldwide.

    A poster for “Ne Zha 2.” [Image courtesy of Coloroom Pictures]

    Enlight Media’s Coloroom Pictures has announced that “Ne Zha 2” will open in a wide range of global markets, including North America, Australia, Japan, Saudi Arabia, Iraq and South Africa, though specific release dates have yet to be set.

    Looking ahead, Shen expressed a strong interest in exploring projects that involve extraterrestrial and futuristic creatures amid the resurgence of Chinese animation. Such themes, he said, “allow me to explore new ideas and unleash my imagination.” He noted that character design is a creatively rich and rewarding process.

    “As part of the industry, we look forward to a vibrant landscape where diverse types of animation can be presented, enabling various audiences to discover what they enjoy,” added Shen.

    MIL OSI China News –

  • MIL-OSI USA: Sens. Murray, Tillis, Reps. Levin, Murphy Reintroduce Bipartisan, Bicameral Bill to Ensure All Purple Heart Recipients Can Transfer Benefits to Dependents

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Legislation led by Murray—daughter of a Purple Heart veteran—was inspired by a Washington state veteran who wrote into Murray’s office about a loophole in the law denying GI bill benefit transferability to certain Purple Heart veterans

    Washington, D.C. — U.S. Senators Patty Murray (D-WA), a senior member and former chair of the Senate Veterans’ Affairs Committee, and Thom Tillis (R-NC) reintroduced their Purple Heart Veterans Education Act this week—bipartisan, bicameral legislation that will close a loophole that has denied some Purple Heart recipients the ability to transfer their GI bill benefits to their dependents. U.S. Representatives Mike Levin (D, CA-47) and Greg Murphy (R, NC-03) introduced companion legislation this week in the House. The Members first introduced the legislation last Congress.

    In 2017, Congress passed the Forever GI Bill, which incentivized servicemembers to continue serving in the military by allowing them to transfer GI bill benefits to their dependents after they completed six years of service and agreed to serve an additional four. In 2018, the Department of Defense (DoD) expanded GI Bill transferability benefits to Purple Heart recipients, allowing them to transfer GI benefits to their dependents while on active duty regardless of years of service. While this policy honors most wounded warriors, it left behind a small group of those who received their Purple Hearts after being discharged from the military. The Purple Heart Veterans Education Act would close this loophole by allowing veterans who received their Purple Heart after their service to transfer their benefits to their dependents.

    In the Senate, the legislation is also cosponsored by U.S. Senators Rick Scott (R-FL), Angus King (I-VT), John Boozman (R-AR), Jacky Rosen (D-NV), Steve Daines (R-MT), Ron Wyden (D-OR), John Cornyn (R-TX), Mark Kelly (D-AZ), Kevin Cramer (R-DN) and Michael Bennet (D-CO).

    “Purple Heart veterans have made tremendous sacrifices to defend our freedoms, and we as a nation should do everything we can to support them and their families when they return—that includes ensuring all Purple Heart veterans have the full benefits they have earned,” said Senator Murray. “When one of my constituents brought a loophole in the current law to my attention—a disparity that meant he couldn’t transfer his GI Bill benefits to his daughter simply because he received his award after discharge—it was just commonsense to me that we should write a law to fix it. As the daughter of a Purple Heart Veteran, this is personal to me—and I’m grateful to my colleagues on both sides of the aisle for joining me in this effort.”

    “Purple Heart recipients are heroes who honorably served our country at great costs, and this oversight that prevents servicemembers who received this distinguished award after their service from transferring their GI bill benefits to their dependents needs to be corrected immediately,” said Senator Tillis. “I am proud to co-introduce this commonsense legislation with Senator Murray to close this loophole and ensure every Purple Heart recipient and dependents are able to further their education.”

    “Through no fault of service members, Purple Hearts can be awarded retroactively or after a medical discharge. As the law currently stands, veterans are denied certain educational benefits associated with the award when this happens,” said Pat, a veteran from Washington state. “I learned this the hard way when trying to transfer my GI benefits to my daughter. Because I had received my Purple Heart post-service, the benefits offered to dependents of other Purple Heart veterans were not available to her—and I know there are so many other veterans impacted by this same issue. I appreciate Senator Murray working to honor veterans’ sacrifices by remedying this consequential oversight.”

    “It’s a sad truth that not all of our brothers and sisters who served on the behalf of the United States of America received the recognition they deserve while they’re still in uniform. The Purple Heart Veterans Education Act, championed by Senators Murray and Tillis, does just that,” said IAVA CEO and Iraq War Veteran Allison Jaslow. “This bill empowers those who served and made great sacrifices in defense of our country to take full advantage of the educational benefits promised to them for their loved ones. IAVA applauds this renewed, bipartisan effort on behalf of Purple Heart veterans and their families by Congress.”

    “DAV is proud to support, The Purple Heart Veterans Education Act, a common sense solution that aims to close a loophole that prevents some Purple Heart recipients from transferring their unused education benefits. We thank Sen. Patty Murray and Sen. Thom Tillis for their leadership and re-introducing this important legislation that will allow Purple Heart veterans the ability to invest in the education of their family members,” said DAV National Legislative Director Joy Ilem.

    Specifically, the Purple Heart Veterans Education Act would:

    • Permit an individual awarded the Purple Heart for service in the Armed Forces on or after September 11, 2001, to transfer their educational benefits to one or more of their dependents.
    • Allow flexibility by permitting the veteran to allocate different amounts, totaling 36 months of benefits to each of their dependents. For example, one dependent may be designated 20 months and the other 16 months. 
    • Protect the veteran’s right to their benefits by prohibiting the use of their educational benefits to be treated as marital property or the asset of a marital estate. 
    • Honor the veteran’s legacy by allowing their dependents to continue using the unused benefits after their death. 

    The legislation is endorsed by Disabled American Veterans (DAV), Iraq and Afghanistan Veterans of America (IAVA), and Veterans of Foreign Wars (VFW).

    A one-pager on the bill can be found HERE.

    The full text of the bill can be found HERE.

    MIL OSI USA News –

  • MIL-OSI Australia: Interview – Doorstop, Melbourne

    Source: Australian Ministers for Education

    MARY DOYLE, MEMBER FOR ASTON: Well hello everyone, and welcome here to Boronia Heights Primary School and where Matt is the, I was about to say Premier. Where Matt is the boss of the school, that’s right. So thank you, and what a warm welcome Matt’s given us here this morning. And I’d like to also welcome Premier Jacinta Allan, Prime Minister, Anthony Albanese, Federal Education Minister, Jason Clare, and also the State Education Minister, Ben Carroll. Thank you guys for coming here on this very auspicious occasion too, the signing of the agreement that just happened. Now I’d like to introduce our Prime Minister of Australia, Anthony Albanese. Thank you.

    ANTHONY ALBANESE, PRIME MINISTER: Well, thanks very much, Mary, and it’s fantastic to be back here in the electorate of Aston that you so ably represent with such passion and commitment. And there’s nowhere that it’s more important to be in Australia than in a school, particularly when we’re talking about education.

    Before speaking about why we’re here today, I do want to address the joint counter terrorism major investigation in Dural in Sydney. The AFP Commissioner and ASIO Director-General are continuing to work with New South Wales Police. It is critical that the police are able to continue to conduct this investigation. It remains an active one. We know that some people are in custody over issues related to this investigation. There’s zero tolerance in Australia for hatred and for antisemitism. And I want any perpetrators to be hunted down and locked up – it’s as simple as that. They have no place in this sort of engagement. It’s designed to create fear and terror in the community, and it will not succeed. Because our community is stronger than the cowards who engage in this sort of activity.

    Can I say about why we’re here today – for Labor, nothing is more important than education. It is in our DNA. And what we are doing today here in Victoria is so important. Working in cooperation with Jacinta Allan and her Government, including Minister Ben Carroll. And I want to give a big thank you to Jacinta and Ben for the leadership that they have shown in bringing this arrangement to a conclusion. Of course, it’s not about politicians and it’s not about government. It’s actually about the kids who we sat down with today. Them being able to have access to the best opportunities in life that come from a great start in life. And a great start in life means best quality public education and it means making sure that no child falls behind.

    What this agreement does is not just inject $2.5 billion of additional funding into Victorian schools, but in addition to that, it’s an agreement, quite frankly, Jacinta and her Government are doing it already, which is how do we address some of the concerns that parents have had over a period of time about things like learning and phonics and the basics of literacy and numeracy? How do we lift people up? What this funding will do is enable for testing to not have to wait for NAPLAN, not have to wait until a child is 8, but make sure that in the early years, if someone needs extra assistance, they can get it. They can get that smaller group tutoring or indeed one on one learning as well. This is so important, that every child has the opportunity to be the best that they can. To lift them up, which is what good quality schools and good quality learning will do. And a shout out as well to our teachers, many of whom are here. They do fantastic work. No one goes into teaching because of the salary that it provides. They go because of the satisfaction that they get from watching a young mind expand and grow and watching people learn. The young people we met in there this morning, were telling myself and the Premier, that the best thing about school is learning. How good is that? To hear that from a six year old really brightens your day because it is so important as we move forward. We have a great partnership with the Allan Government here in Victoria. Fair funding for schools has been talked about for a long period of time. 14 years ago, David Gonski brought down his report. What we’re doing here is actually delivering, doing in the best tradition of Labor Governments, in the best tradition as well of Australia helping out our youngest Australians.

    JACINTA ALLAN, PREMIER OF VICTORIA: Thanks, Prime Minister. Thank you. Well, I’d like to echo the Prime Minister and Mary’s thanks for Boronia Heights Primary School for their really warm welcome to us here this afternoon and thanks to Mat for your leadership of this great school and thanks to the school leaders as well to Zoe and Samuel, Mackenzie and Ryan who have led us around this school so beautifully. And along with Ben and Mary and Jason, I’d also like to acknowledge Jackson Taylor, the local State Member for this fabulous local community.

    And as you can see, this week in Victoria, it’s back to school week. It’s back to school for tens of thousands of students and their families as we gear up for another school year. And I know families just want the very best start in life for their kids. And that best start comes from getting a good, strong education. And that good, strong education can be found in any one of our great government schools here in Victoria. And that’s why, that’s why this agreement that we have signed today – been negotiating for a little while – but signed today, this agreement is about demonstrating that federal Labor governments, state Labor governments are going to continue to back, back the work that principals like Mat do in our great government schools, back teachers, back staff, most importantly back the students as well so that they can get and continue to receive that top quality education. And it was back to school week for my own family as well. And as I dropped my kids off to school this morning in Bendigo, I could see the excitement, I could see the energy and I can see firsthand what a difference Labor governments make when they invest in our government schools. And that’s why this announcement today and this agreement today is just so important. $2.5 billion over the next 10 years of additional funding.

    And I want to thank the Prime Minister, thank Jason and thank Ben for reaching this agreement. Because this is going to go directly to supporting students, supporting teachers, but also those families I talked about earlier who just want the best for their kids, regardless of their background, regardless of what part of the state they’re from, they know they can get that opportunity at our government schools. Also too, I think it’s important to note that this investment comes on top of the existing investment that Victorian Labor Governments have been making in our government schools here in Victoria. $17 billion in new school buildings right across the state. And if I can make the point, since 2018, 50 per cent of all new schools in Australia have been built right here in Victoria. We’ve worked hard to support our teachers and staff with a whole range of initiatives. We’re also supporting the teachers of the future with free uni degrees, supporting that pipeline of teachers for the year ahead. The work that Ben has done on phonics has been so important. We also, though, focus on the whole student as well and the wellbeing and cost of living pressures that we know families are experiencing. And that’s why the rollout of the School Saving Bonus. Ben’s just told me that today it’s just ticked over $100 million has been redeemed through the school saving bonus. That’s $100 million that supported families, $100 million that stayed in families’ pockets because we’ve supported them with some of those essential back to school costs. That’s what Labor Government investment looks like. Teachers, staff, school, buildings and supporting families with those cost of living pressures. And that’s why this agreement is just so important. Because it means for the decade ahead we can continue to plan, continue to support the great work of our schools here in Victoria and continue to support families as they want the best for their kids. So, does Federal and State Labor governments and we’re going to continue to support them every step of the way.

    JASON CLARE, MINISTER FOR EDUCATION: Well, this is a big deal and this is a big day for public schools in Victoria. You want to know what this is about? It’s about the young people sitting behind these desks just out of shot here at the moment. And it’s about those year one students that we saw in the classroom just a moment ago and the ones that will follow them and kids who aren’t even born yet. This is about the future. This is about making sure that every child gets a great start in life, what every parent wants for their child, a great education. And what every Australian child deserves. That’s what this is about. And I tell you what, this is real leadership in action. Prime Minister, this wouldn’t have happened without your leadership and I want to thank you for it. Premier, I want to thank you for your leadership as well. As you said, this is a classic example of two Labor governments working together in the interests of Australian children and the future of our country. You get it. You know how to get things done and you get how important what’s happening in that classroom really is.

    The power of education to change lives, the power of a great education system to change nations. And that’s what this fundamentally is about. And I want to thank my dear friend Ben Carroll, a real reforming Education Minister who’s doing the heavy lifting here in Victoria already. And these reforms will help to fund and resource more of what Ben is already driving here in Victoria. You know, this is $2.5 billion. But more important than that, this is tied to real reform. This is about making sure that kids who fall behind at school when they’re little catch up and keep up and that more kids finish high school. We’ve seen over the last 10 years across the country a decline in the number of kids finishing high school in public schools. We’ve got to turn that around. It’s more important to finish high school today than when we were kids. And if we’re going to turn that around, it means early intervention, it means phonics checks and numeracy checks when kids are little in year one. The sort of things that we were seeing in that classroom a minute ago. And it’s about early intervention, providing more individual support for those children, perhaps out of a classroom of 30 into a classroom of three to help them to catch up and then they keep up, then more kids will finish high school and go on to TAFE if they want, or uni if they want, get the job of their dreams. So, fundamentally, that’s what it’s all about. It’s about making sure that every child in Australia gets a great start in life. What every mum and dad wants and what every Australian child deserves.

    BEN CARROLL, DEPUTY PREMIER OF VICTORIA AND MINISTER FOR EDUCATION: Thank you to all my colleagues that are here today. I also just want to give a shout out to Justin Mullaly from the Australian Education Union because the Australian Education Union have played a pivotal role in getting us where we are today. And $2.5 billion in Commonwealth additional funding for the State of Victoria, the Education State. We know public education is the most important investment in our future. We also know that 73 per cent of disadvantaged kids are in the public education system and this funding will go straight to them to support them going on to live their dreams and their life of purpose. This is a big day in the Education State. I think Anthony Albanese, today, has got the mantle of the Education Prime Minister. Also Premier Allan, who has led from the front, been with me every day working very hard to get this deal done. And I thank Premier Allan for not only her leadership in the schools agreement, but the work she’s done championing children that focus on early intervention through pre-prep, the Free TAFE, the free university degrees for teachers. This is a game changer for our education system. To Jason Clare, we’ve worked incredibly hard over the journey on this. It’s been a 12 month journey. But I’ve got to say, Jason, we’ve always been on the unity ticket when it comes to what’s best for our kids. World’s best practice in the classroom. And as the Prime Minister and Jason alluded to, the funding is one big important component and it will go to those public school kids. But there’s the other elements to it. There’s bringing in world’s best practice inside the classroom. The phonics literacy checks, the mathematics checks, the support for wellbeing. We are so proud as a Labor Government that every school is getting the mental health support and the nursing program being rolled out. That is so really, really important. I thank Premier Allan, Prime Minister, Jason Clare. For the very first time, Gonski, now, that had that vision of a needs based, sector blind education system is coming true today. No longer will a young child in any part of the State of Victoria start schooling in grade prep and go right through to year 12 without full and fair funding. We have ended that and that is a credit to the Federal Labor Government and the State Labor Government and it shows you great federalism working very well in the national interest and for our future, which is our children. Thank you.

    PRIME MINISTER: Thanks, Ben. We’re happy to take questions.

    JOURNALIST: Can I just ask you about the incident in New South Wales. When were you first briefed on the caravan incident?

    PRIME MINISTER: I get briefed regularly by the national security agencies. We don’t talk about operational matters, obviously, for obvious reasons.

    JOURNALIST: Chris Minns has said when he was briefed, can you say when you were?

    PRIME MINISTER: Well, what I do, is I don’t comment on operational matters. There are two issues that are my priority. The first is making sure that people are kept safe. The second, which is related to that, is making sure that any investigations aren’t undermined and that the police and national security agencies are able to do their work. I get ongoing briefings. Every day I get a national security briefing. And indeed, just this morning, we had a full meeting of the National Security Committee.

    JOURNALIST: Prime Minister, just asking you about the Toorak dinner that was on the paper today. Was that a fundraiser for Labor?

    PRIME MINISTER: Well, I have dinner with people. Although it was reported as a lunch, my recollection is it was a dinner. It was nowhere near as long as it’s been reported either, I’ve got to say. But I engage with people. And I’m having a dinner tonight too, and I’ll have lunch at some stage today. That’s what you do. And I had breakfast this morning as well.

    JOURNALIST: So, Prime Minister, back on the caravan. Just following on from what Simon was saying, so, with the timeline of this Premier Minns was saying he was briefed on the 20th, you had a National Cabinet meeting on the 21st to discuss matters to do with antisemitism. So, was this something that was raised at the National Cabinet meeting? And if it wasn’t, isn’t it something that should have been raised, given that all the First Ministers were dealing with their own problems?

    PRIME MINISTER: Well, I’ve been asked this before. And I repeat, I don’t intend to go through operational matters, nor do we go through the detail of what’s discussed at Cabinet meetings or National Cabinet meetings or National Security Committee meetings.

    JOURNALIST: The Opposition Leader says it’s entirely predictable that the nation has seen this escalation in antisemitic incidents. What’s your response to that?

    PRIME MINISTER: This is a time for unity and for the country to come together against these atrocities and these appalling acts. Not a time to look for political partisanship or to make political points. I don’t intend to do so. I intend to do my job, which is to work with the police and national security agencies. I must say they do an extraordinary job. We want people hunted down and put in the clink. That is what we want. And there have been a range of arrests made. Some of those have been made public, were made public on the 21st. I take the advice of the police and national security agencies for when those matters become public so that we ensure that ongoing investigations are not undermined. There is a common sense approach to this and I note that the New South Wales Police Commissioner has made comments on that this morning as well.

    JOURNALIST: Prime Minister, do you have any update on the status of Oscar Jenkins?

    PRIME MINISTER: We continue to request the Russian authorities to provide more information. They have provided information at this point, but we don’t take anything we hear off the Putin regime at face value. So, we want to – we have made it very clear that we think Mr. Jenkins should be released. We don’t think that he should have to suffer from ongoing incarceration and will continue to make representations, but we’ll also continue to work as we will with Ukraine as well, on ascertaining further information.

    JOURNALIST: Are there any certain under which you’d consider a prisoner swap for Oscar Jenkins?

    PRIME MINISTER: No, well, Australia doesn’t have prisoners in those circumstances –

    JOURNALIST: There aren’t a couple of suspected Russian spies in Brisbane?

    PRIME MINISTER: What we want is for Mr Jenkins to be able to return home.

    JOURNALIST: Do you have any message for the Jenkins family?

    PRIME MINISTER: My heart goes out to you. This is a really difficult time for you. And the fact that some information has been made available, will be a difficult time. And we stand with you and we continue to offer every assistance that we can to these families.

    JOURNALIST: Prime Minister, do you intend to fund both Melbourne Victoria’s Suburban Rail Loop and the Airport Rail Link?

    PRIME MINISTER: Well, there’s no link between the two things. We have funding available here for Victorian infrastructure. Suburban Rail Loop is an important project for a growing city. And I’ve been in consultation with the Premier. Minister King is looking after infrastructure. But one of the things about our cities and people will see this when Melbourne Metro opened. When I was the Infrastructure Minister some time ago, there was $3 billion from the Commonwealth for Melbourne metro. It was cut by Tony Abbott. For Sydney, Melbourne and Brisbane, both – all suffered, all three Eastern capitals suffered from a clogging in the centre. Now, the keys to that have been in Sydney, the metro, in Brisbane, the Cross River Rail project and in Melbourne, Melbourne metro. But the next stage is how do you get around this growing city that will be Australia’s largest without having to go into the city and out again? That’s what Suburban Rail Loop is about.

    JOURNALIST: So the $2.2 billion will be given to Victoria before the Federal election? I mean, it was committed at the last election. Will it be handed over to Victoria before?

    PRIME MINISTER: It’s in our Budget and we are working through those issues for early works. Because one of the things about Suburban Rail Loop that I know, as well, is it’s not just about a rail line. It’s about housing and it’s about infrastructure more broadly as well, and about making this great city of Melbourne more liveable, more sustainable and more productive.

    JOURNALIST: Could an airport rail be built sooner?

    PRIME MINISTER: Well, airport rail – I’m not the infrastructure Minister for Victoria.

    JOURNALIST: But you’re in charge of the money. Is it a priority or is SRL, for you?

    PRIME MINISTER: No, it’s not a matter of either or. That’s like saying, is Boronia Heights Public School a priority or is the school down the road a priority? We regard – they’re two very different projects. All of Victorian infrastructure is a priority. I’ll give you the big tip on the difference between us and the former Government. The former Government reduced Victorian infrastructure funding to about eight per cent of the national funding. Under my Government, that won’t happen. Under my Government, Victoria will always get its fair share.

    JOURNALIST: Just on the railway link. Is there currently an additional $2 billion on offer for the Commonwealth to build the airport rail link?

    PRIME MINISTER: I’m not sure what you’re referring to.

    JOURNALIST: Well, previously there’s been $5 billion. (Inaudible). This is a lot of money, and it’s important.

    PRIME MINISTER: Negotiations are taking place.

    JOURNALIST: Is there $2 billion on the table, in addition to the $5 billion from both the Commonwealth and the state that’s been previously committed to?

    PRIME MINISTER: Well, I suggest you ask Minister King. Those discussions take place between, with due respect, as Prime Minister, we run a big Budget across a whole lot of portfolios. I’m here today announcing significant funding for public schools. The Infrastructure Minister deals with state and territory jurisdictions on specifics of the infrastructure program.

    JOURNALIST: Do you think it’s possible to have Suburban Rail Loop work happening in one side of the city and then Melbourne Airport happening at the same time, or would they have to be separate?

    PRIME MINISTER: There’s lots of projects happen across lots of cities. You know, I’m a Canberran these days. There’s a light rail project under construction and there’s roads under construction around Canberra, let alone in a city the size of Melbourne. You need to deal with the growth in the West of this great city and the growth in the East of this great city, and indeed the growth in the North. I note you haven’t mentioned there’s a pretty significant road project here in the North East that has how much Commonwealth funding? That has $5 billion. And I’ve been to that project that’s under construction right now. We will do a range of projects here in Victoria. And can I say this as well, not just in Melbourne, but in regional Victoria as well.

    JOURNALIST: It is a point of quite some contention in Victoria whether we can afford to do both. Are you saying we can afford to do both? Will you tell taxpayers if you’ll prioritise one over the other?

    PRIME MINISTER: I’m saying that Victoria will get its fair share of infrastructure funding from my Government, unlike what the former Government did. That, for reasons unbeknown really, ripped that $3 billion out of Melbourne Metro, ripped money out of Victorian road projects and never put anything back.

    JOURNALIST: Can we return to the caravan and particularly the broader issues of antisemitism? I’m not drawing a direct link here, but there was an interesting speech Richard Marles made at the Sydney Institute the other night, two nights ago. And he said, ‘questioning the right of Israel to exist strikes at the heart of global Jewry. It is antisemitic’. He said, ‘denying Israel’s right to defend itself is an attempt to delegitimise Israel’s existence and has dangerous real world consequences, including here in Australia’. And the reason I ask is I think it talks about the thing that’s been the heart of the pro-Palestinian protest in many forms has been this delegitimisation of Israel. Do you agree that we are seeing the real world consequences of that and somehow this has got to stop because it’s gotten out of control?

    PRIME MINISTER: Well, of course I agree that antisemitism has to stop, full stop. People need to be put, people need to be hunted down as is occurring. People are being arrested, they’re being charged, and they’re in the clink without release, without bail. That is occurring. If you go back to the resolution that was passed with the support of both major parties in the Parliament after the October 7 terrorist atrocities – that spoke about Israel’s right to defend itself, I spoke about that on the Sunday as well. I support what has been Australia’s long standing bipartisan position. The UN decision in 1947 for 1948 wasn’t for the creation of one state, it was for the creation of two – the state of Israel and the state of Palestine. I support a two state solution where both Israelis and Palestinians are able to live in peace and security. Now to do that, in order to achieve that, clearly there needs to be as well some reform on the Palestinian side. Hamas can play no role in any future state. I go back to that resolution which I looked at it the other day. Quite frankly, history treats it well. The fact that the Parliament came together at that time and overwhelmingly, with the exception of the Greens who can speak for themselves, they overwhelmingly, the Parliament passed that resolution. That was a good thing. Thanks very much.

    JOURNALIST: Prime Minister, the Labor Party was right there. I mean you make the point, I mean Doc Evatt was right there. Formation of Israel played a crucial path to his role in the UN. The question I had for you, and I was hoping you could answer it, is whether or not this continuing question of Israel’s existence is fuelling antisemitism?

    PRIME MINISTER: We support the right of Israel to exist.

    JOURNALIST: But the question about whether you agree that it’s fuelling antisemitism?

    PRIME MINISTER: That what is? Sorry, you’re not being clear about your question.

    JOURNALIST: The continual questioning of Israel’s right to existence. Whether that fuels antisemitism?

    PRIME MINISTER: Well, I can speak for myself. I think that one of the issues that I certainly always say very clearly is that it is in the interests of Israelis, obviously, that Israel has a right to exist with security. It’s also in the interest of Palestinians that Israel has a right to exist with security as well. You need a solution that stops a cycle of violence. The solution that is being negotiated out, if you actually take a bit of a step back, look at what a solution looks like. And it looks like, as has been advocated by the United States and others such as Antony Blinken, is the creation of is Israel firstly being recognised by countries such as Saudi Arabia and others in the region. It is then Palestine being able to step forward with a path towards security for Palestinians as well. Obviously, the international community has a role to play in that. Thanks very much.

    MIL OSI News –

  • MIL-OSI USA: Chairman Wicker Leads Senate Armed Services Committee in Secretary of the Army Nomination Hearing

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker
    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., the Chairman of the Senate Armed Services Committee, today led his committee colleagues in a hearing examining the nomination of Mr. Daniel P. Driscoll, President Trump’s nominee to serve as the next Secretary of the Army.
    In his opening remarks, Chairman Wicker recounted the many challenges facing the United States Army in its effort to modernize and develop new ways of deterring our adversaries.
    The Army, Chairman Wicker noted, is failing to realize the full potential of recruitment opportunities.  He also noted the Army’s need to refocus on transforming its material readiness to ensure it can properly support conflict in Europe or the Western Pacific. Specifically, Chairman Wicker called for Mr. Driscoll to improve army initiatives on small unmanned aerial systems (UAS) and counter unmanned aerial systems (C-UAS).
    “I believe Mr. Driscoll’s record, his Army service, his legal background, and financial experience have prepared him to handle the myriad responsibilities of Army Secretary. If he’s confirmed, Mr. Driscoll will face the challenges I’ve already outlined. He will be handed a budget that has not kept pace with inflation. He’ll also take the helm at a time of increasing danger around the world,” Chairman Wicker said. “…[The Army] must choose to remain relevant in today’s complex threat environment, the Army should accelerate its transformation efforts and focus on new portions of the defense industrial base. It should expand its work on small unmanned aerial systems, or UAS, and counter-UAS.”
    Chairman Wicker previously met with Driscoll, commenting that the nominee that “would bring relevant combat experience, a decorated military career, and a proven track record at the highest levels of law and business to keep the Army focused on its mission.”
    Read the remarks as delivered below or watch them here.
    The hearing will come to order. We thank the witnesses for being here, and those in attendance.
    Certainly, all of us are concerned and saddened by the tragedy which occurred near Reagan National Airport last night, and I ask that the committee observe a moment of silence before we begin the hearing.
    Thank you very much.
    The Committee on Armed Services has convened this hearing to consider the pending nomination of Mr. Dan Driscoll to be the 26th Secretary of the Army. In support of Operation Iraqi Freedom, Mr. Driscoll served our country in Iraq, spending four years with the Army. So, we thank him, and the entire Driscoll family: his wife Dr. Cassie Driscoll, and their two children, Daniel and Lila, who could not be with us today, for their willingness to serve this country again, by accepting this new assignment.
    After his military service, Mr. Driscoll received his law degree from Yale and has worked in private equity and venture capital, all the while he’s retained many ties to his former service.
    The Army faces a complex array of challenges. Recruitment and retention improved last year, but the Army still has more than 10,000 fewer recruits than it did in 2023. Since the beginning of the Biden administration, the service is down 36,000 soldiers. On top of that, the Army is not taking full advantage of opportunities to nurture interest in military service. Almost 300 high schools sit on a waiting list to get their own Army Junior Reserve Officer Training Corps unit. These units mean more than potential individual recruits. They represent communities where the Department of Defense can put down roots, developing the Army of leaders for tomorrow, as well as excellent citizens for our entire society.
    As the service catches up on recruitment, it must also ensure that those who do enlist are equipped for the mission. The nature of large-scale combat operations is changing. The world sees this every week in Ukraine. To be ready for potential combat in the Western Pacific, the Army must expedite modernization efforts.
    On top of recruitment and modernization projects, the next Secretary of the Army must address the service member quality of life issues that afflict this, the largest service. In the Fiscal Year 2025 budget, the Army increased funding for barracks maintenance problems, but the effects of decades of neglect cannot be fixed overnight. The Army has a facility backlog of more than $100 billion. I offered an amendment which passed the most recent NDAA requiring all of the service to adopt minimum annual facility sustainment levels. My colleagues and I need to see evidence that this change has been embraced within the service.
    I believe Mr. Driscoll’s record, his Army service, his legal background, and financial experience have prepared him to handle the myriad responsibilities of Army Secretary. If he’s confirmed, Mr. Driscoll will face the challenges I’ve already outlined.
    He will be handed a budget that has not kept pace with inflation. He’ll also take the helm at a time of increasing danger around the world.
    The Army is playing a largely quiet but crucial role in the Western Pacific. It is deepening partnerships with our allies and partners in Southeast Asia. Meanwhile, the service is helping us maintain deterrence against the Chinese Communist Party, and it ensures that our South Korean allies are postured to prevent North Korean aggression.
    Soldiers from across the United States remain stationed in Europe. Their presence helps deter Russia and helps assure our NATO allies.
    In the Middle East, the Army continues to play a lead role in combating Iranian aggression.
    Clearly, the Army’s work has been instrumental in these theaters. It must choose to remain relevant in today’s complex threat environment, the Army should accelerate its transformation efforts and focus on new portions of the defense industrial base. It should expand its work on small unmanned aerial systems, or UAS, and counter-UAS. And I say that even as I recognize and appreciate the chief of staff the Army’s focus in this area.
    In the Western Pacific theater, the Army’s contribution to sensing and shooting remains in its infancy. The service has the chance to realize its key logistics role for the joint force in contested areas, but it can do so with significant investment and focus.
    So, I look forward to this hearing on how Mr. Driscoll will work to change the culture around the issues I have listed, as well as other pressing matters. And I now recognize my friend, the ranking member of the committee, Senator Jack Reed for any opening remarks he may offer.

    MIL OSI USA News –

  • MIL-OSI Australia: Victorian Goldfields World Heritage bid celebrates tentative listing

    Source: State of Victoria Local Government 2

    The Victorian Goldfields has been officially included on the UNESCO World Heritage Tentative List, a promising step on the road to the goldfields receiving World Heritage Listing.

    The City of Greater Bendigo, City of Ballarat and 13 other Local Government counterparts involved in the bid are today celebrating the exciting news.

    The Tentative List is controlled by the Australian Government. Inclusion on the Tentative List means the Victorian Goldfields is considered a strong candidate to be submitted to UNESCO for World Heritage Listing, which can only be applied for after 12 months on the Tentative List.

    Six sites across the region have been included in the Tentative List, with three additional places identified as being subject to further investigation and the possibility other sites may also be added.

    Over the next 12 months all possible sites will be assessed in preparation for the Victorian Goldfields bid to be submitted formally to UNESCO in February 2026, with a final outcome likely to be determined after mid-2027.

    Getting the Victorian Goldfields on the Tentative List now was critical, as Australia can only make one nomination to UNESCO per year and there are many other places from around Australia that are being considered.

    Mayor Cr Andrea Metcalf said securing a World Heritage Listing was a long process but today’s Tentative Listing announcement represented a significant milestone.

    “In 2020, international world heritage expert Barry Gamble confirmed the Victorian Goldfields was the best surviving landscape from the 19th century goldrush anywhere in the world. This validation propelled the efforts of the 15 councils involved to continue our push to celebrate and protect this outstanding example of global significance,” Cr Metcalf said.

    “If World Heritage Listing is achieved, it puts the Victorian Goldfields on the same map as the Pyramids of Egypt or the Taj Mahal in India. This would be an incredible achievement for our region, with economic modelling forecasting a Victorian Goldfields World Heritage site could attract 2.5 million new visitors to the region over 10 years, injecting more than $500M into local economies.

    “The sites selected for the Tentative List demonstrate outstanding global heritage significance and celebrate the region’s multi-layered history – from the First Peoples living on Country to the goldrush, and subsequent waves of immigration and the contribution made by people who were chasing riches.”

    The Victorian Goldfields is currently represented in the Tentative List submission by:

    • Castlemaine Goldfields and Historic Townships – pre-eminent alluvial diggings of an early major gold rush in Victoria
    • Creswick and the Deep Lead Landscape – unparalleled example of this rare type of gold mining
    • Bendigo Historic Urban Landscape – one of the world’s most notable gold rush cities 
    • Lalgambuk (Mt Franklin) – an area that evidences Aboriginal connection to Country before, during and after the gold rushes 
    • Great Nuggets Historic Landscape – these diggings yielded the greatest concentration of the largest gold nuggets the world had ever known
    • Walhalla Alpine Mining Landscape –steep topography that guided settlement centred on Victoria’s richest gold mine

    Other places mentioned in the Tentative List submission for inclusion at the World Heritage nomination stage, which will be developed in 2025/2026, include:

    • Ballarat Historic Urban Landscape
    • Beechworth Historic Township and Sluicing Landscape
    • Whroo and the Balaclava Open Cut Mine

    Cr Metcalf said further investigations over the coming 12 months were likely to mean an updated list would make up the final nomination.

    “A working group, led by Heritage Victoria and including Traditional Owners and councils involved in the bid, will lead consultation with the communities where each of the sites are located, including with site owners and nearby residents,” she said.

    “Tentative Listing should be considered a placeholder only. Sites may change and are all subject to consultation, but the focus will be on confirming a list that ensures the best examples of the lasting legacy of the Victorian Goldfields are celebrated and this critical piece of Australia’s history is conserved and shared with future generations.”

    The World Heritage bid is the initiative of a regional partnership made up of 15 councils and the Victorian Goldfields Tourism Executive, led by the City of Greater Bendigo and the City of Ballarat. The Victorian Government announced $2M to progress the Victorian Goldfields World Heritage nomination in 2023.

    MIL OSI News –

  • MIL-OSI Economics: Panasonic Well Venturing into the Future of Family Wellness

    Source: Panasonic

    Headline: Panasonic Well Venturing into the Future of Family Wellness

    Yoky Matsuoka, Executive Officer of Panasonic Holdings Corporation and Panasonic Well Director, took the stage with Yuki Kusumi, Group CEO, during the opening keynote at CES 2025. She announced that Umi, a holistic digital family wellness platform and coach, will be launched in the US as an example of Panasonic Go.*1 We interviewed Yoky about Panasonic Well, the vision to commercializing Umi, and the outlook for the future.
    ＊1: A global corporate growth initiative promoting business transformation using AI.

    Integration of wellness and technologies: Panasonic Well taking up challenges

    Panasonic Well, led by Yoky, is a venture and business incubator committed to building new services and technologies that improve the well-being of all people, with a focus on the wellness of modern families. Yoky is an accomplished executive and technologist with over two decades of leadership experience. She is a renowned robotics and neuroscience expert, recognized for her groundbreaking work and honored with the MacArthur Genius Award.
    Yoky: Partly due to my past experiences, Panasonic Well tends to be seen as simply a developer of AI or technologies. However, we are able to create solutions at the intersection of responsible tech and human care because we understand what is needed to achieve wellness. This is Panasonic Well’s strength.

    Yoky Matsuoka and Panasonic Well staff (at the CES 2025 Panasonic booth)

    The first project that Yoky initiated at Panasonic was Yohana, a next-generation family concierge service.
    Yoky: During the COVID-19 pandemic, people’s work styles and how they spent time with their family saw drastic changes. At that time, we conducted surveys to get a deeper look at the challenges underlying their problems and did exhaustive research on how we could develop relevant solutions. We launched Yohana in 2021 in the US, then later in Japan, to respond to the time-consuming needs of families by proposing suggestions for meal menus, birthday presents, and so on. The Yohana team, composed of actual humans, has completed over 300,000 tasks on behalf of our customers. This work accumulated to a total of more than one million hours for our customers’ time, which we were able to give back to them. However, we have been unable to provide adequate solutions for using the time created by Yohana to strengthen family ties or improve self-care.
    At Panasonic Well, we have continued our research to ensure that AI will be able to resolve challenges facing families in the future. Furthermore, a survey*2 conducted in the US revealed that half of the “sandwich generation”*3 parents, including myself, feel overwhelmed by stress and that 65% feel lonely. This shows that strengthening family ties and self-care are indispensable for the elderly. Consequently, we developed Umi*4 to address these crises in family ｗell-being.
    ＊2: U.S. Surgeon General Issues Advisory on the Mental Health and Well-Being of Parents (August 2024).＊3: A generation simultaneously supporting aging parents while raising children.＊4: The word “umi” means ocean in Japanese. This name was chosen because it evokes an image of health and well-being, since it not only has a calming effect but also gives people the feeling of vastness and the availability of unlimited resources.

    Umi: A new AI partner supporting family wellness

    Yoky: Umi will start by providing an app as a family well-being coach that facilitates behavioral changes toward achieving family wellness. By encouraging multi-generation families to cultivate wellness habits that fit their diverse needs and lifestyles, it can be a family partner that supports their health and well-being. Activities & fitness, nutrition, sleep, and stress management are essential for wellness, and among these, the first two have been increasingly attracting attention in recent years. Accordingly, Umi’s AI agent assists in behavioral changes for all family members from their childhood, especially in the areas of activities & fitness and nutrition.

    From the video shown during the keynote. Left: Umi suggests ideas for enjoying a weekend, and family members exchange opinions.

    Right: Umi explains key points of communication with elderly parents based on advice from experts.

    Specifically, using wide-ranging data learned through questions and communications with family members, Umi’s AI sets personalized goals for individuals and suggests necessary actions to meet these goals while considering their feasibility. For example, Umi may propose a monthly target number of steps for a user, but if it learns through conversations that it is not feasible due to the user’s busy schedule, Umi may set another more achievable target for eating more nutritious meals. Since the priorities of activities & fitness and nutrition vary among individuals, it is essential to tailor this process for each family member.
    One of Umi’s features enables all family members including children to share conversations, not only 1-to-1 communication. This coordinates family wellness through communication and eventually leads to behavioral change. We delve deeply into the app features like tone of voice and tweak between strong and soft tones to make suggestions best suited for encouraging behavioral changes. Umi also visualizes your progress and enables you to review the outcomes to establish actions as routines.

    Panasonic Well: Committed to building a wellness ecosystem

    Dr. Myechia Minter-Jordan, CEO of AARP

    During the keynote, Yoky introduced the Panasonic Well Partner Collective, which consists of leading health and wellness businesses, organizations, and research institutions, as well as a partnership with the American Association of Retired Persons (AARP),*5 an NPO with approximately forty million members in the US. Dr. Myechia Minter-Jordan, CEO of AARP, took the stage and emphasized that technology is critical to living a healthy life for an increasing number of older people and their families around the world. Yoky also introduced the Family Wellness Innovation Challenge, a global competition co-sponsored by AARP and Panasonic Well for start-ups who pursue relevant technologies and services, and the prize winners were announced at the end.
    ＊5: Aiming at improving the quality of life of older people, AARP provides information and support related to health, economic, and social challenges.

    Yoky: During the development of Umi, we placed much emphasis on building a business ecosystem.*6 Typical examples are partnerships with companies that provide services as needed or those that give expert advice based on the communications carried out between users and Umi.
    ＊6: A large economic network of various companies and organizations that collaborate to create greater value.

    Group CEO Kusumi joined the award ceremony of the Family Wellness Innovation Challenge and praised the grand prix winner.

    The sandwich generation is under a great deal of emotional, time, and economic pressure, and more than half of the families in the US face these burdens.*7 Partnerships are critical for resolving such issues. The Family Wellness Innovation Challenge is a significant step toward expanding such partnerships. We received over 550 applications from around the world, including Japan. I joined the latter half of the screening process myself and interviewed applicants in person. We announced the winners at CES partly to find partners who align with our initiatives, and many participants actually approached us demonstrating their interest. By taking this opportunity, we want to further expand the ecosystem and respond to a wider range of use cases.
    ＊7: World Economic Forum “More than half of Americans in their 40s are ‘sandwiched’ between an aging parent and their own children” (April 2022).

    Daniela Amodei, Co-founder and President of Anthropic

    Since collaboration with AI partners is indispensable in promoting Panasonic Go, Group CEO Kusumi announced in his keynote a strategic partnership with Anthropic in the US, a company that shares the Panasonic Group’s belief that AI must be safe, understandable, and designed to deeply align with human values. In response, Yoky stated that Umi will be equipped with Anthropic’s Claude AI assistant. Daniela Amodei, Co-founder and President of Anthropic, joined her and explained that Claude has added value in all aspects of business, from customer service to decision-making, over the years. She expressed her determination to help the Panasonic Group enhance its overall creativity while delivering better business results by leveraging Claude’s high reliability and safety.
    Yoky: Anthropic has grown while placing great emphasis on ethics, privacy, and responsibility, and its large language models (LLMs) have gained a high reputation in the US. Umi, committed to supporting the health and well-being for all with wellness as a gateway, cannot be viable without innovations based on Anthropic’s AI ethics. Anthropic AI is particularly excellent at family calendar management and chat promotion, so we will be able to provide a service where Umi discusses the scheduling of hospital visits with users, prepares and manages their schedule with AI, and then even reserves a taxi. We expect further collaboration with a diverse range of partners by expanding the breadth of services in this way.

    Umi and Panasonic Well’s future strategy

    Yoky: I feel that being able to demonstrate Umi’s capabilities at CES was very meaningful. Umi’s first key vision for the future is to provide a one-stop solution. We hope to develop Umi into a platform that knows all family members well, capable of making good suggestions in response to their wellness consultations without the need to access different sources.

    The Umi booth at CES 2025, where many visitors attentively listened to the explanations of booth staff while trying out screen demonstrations

    In front of the Partner Collective panel displays. Quite a few representatives of companies expressed their support and consulted with staff of Panasonic Well.

    The second vision is to strengthen the ecosystem by expanding our network of partnerships. We will select partners based on their attitudes toward AI ethics and customer needs. We hope that more companies and organizations will participate in the Umi ecosystem in the future, even if their various services overlap. We believe that optimal solutions for problems and concerns can be provided to more customers only when Umi is backed up by a diverse range of partners.
    Umi will launch services from the US while aiming to establish a global ecosystem to ensure deployment in other countries and regions. The Panasonic Group is unrivaled in its touchpoints with customers in households and it is important to leverage this advantage. We, as the provider of Umi, look forward to collaborating closely with the business divisions to identify mutually beneficial approaches to solve our customer pain points.

    While Panasonic Well is a company capable of making customers around the world healthy and happy through wellness solutions, we want to be the forerunner that will lead Panasonic Go, an initiative to promote corporate transformation of Panasonic. We will pioneer the creation of new products and businesses by leveraging AI and other advanced technologies. We will also establish AI platforms in collaboration with partners and our operating companies.
    Furthermore, we are conscious of our contributions to the AI-based transformation of the entire Panasonic Group. In addition to promoting teamwork with departments in charge of AI at Panasonic Holdings and other organizations, we will provide inspiration and lead initiatives to encourage every Panasonic Group employee to embrace AI, unleashing tremendous progress in their tasks and in the products and services they develop.

    Panasonic Go aims to expand AI-driven hardware, software, and solutions businesses to approximately 30% of the Panasonic Group’s revenue by 2035. However, the Panasonic Group won’t be able to meet the goal only through the efforts of Panasonic Well and Blue Yonder. All business divisions and departments across the Panasonic Group need to create AI-driven revenue streams. We at Panasonic Well hope to contribute to the attainment of our goal by implementing the approaches I’ve described. If we succeed in meeting our goal, the day may come when the entire Panasonic Group is regarded as a leader in AI technologies.

    Under Yoky’s leadership, Panasonic Well will continue to provide innovative solutions driven by AI and other advanced technologies, thus contributing to family wellness. It will also promote AI use throughout the Panasonic Group’s businesses and work at the forefront of Panasonic Go.

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics –

  • MIL-OSI USA: Tuberville Urges Senate to Move Swiftly on Confirming RFK Jr., Kash Patel, and Tulsi Gabbard

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    “They are all outstanding choices and should be confirmed to President Trump’s cabinet as soon as possible.”

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) spoke on the Senate floor about the need to quickly confirm Robert F. Kennedy Jr., Kash Patel, and Tulsi Gabbard to key roles in President Trump’s cabinet. Sen. Tuberville defended each nominees’ qualifications and their commitments to making America healthy, more just, and secure again. During the speech, Sen. Tuberville denounced the baseless attacks aimed at these nominees by the media and career politicians as nothing but dishonest attempts to tank President Trump’s nominations.

    Read Senator Tuberville’s remarks below or watch on YouTube or Rumble.  

    “Mr. President,

    I’d like to start by thanking Leader Thune for President Trump’s cabinet nominees so far. President Trump is on the verge of having his full team. We’ve confirmed Pete Hegseth, Kristi Noem, Scott Bessent and many others who are doing an outstanding job implementing President Trump’s America First agenda, but there are more critical nominees that President Trump still needs to confirm. This includes Robert Kennedy, Kash Patel, and Tulsi Gabbard, along with a few others.

    I’ve gotten the chance to meet with each of these nominees. I’ve been very impressed. They are all outstanding choices and should be confirmed to President Trump’s cabinet as soon as possible. 

    First, I’d like to express my complete and total support for Robert F. Kennedy’s nomination to be the next Secretary of Health and Human Services. You know, last November, we saw millions of Americans, especially young Americans, flock to the MAGA movement after Bobby Kennedy endorsed President Trump.

    Both my sons, 28 and 30, Tucker and Troy, were huge fans of RFK and I know there’re just millions of young people who RFK [has] brought to the table and into the fold, opening our eyes towards something they had never really been involved in, and that’s the health of their generation and all generations across the country.

    As we know, Bobby started [the] Make America Healthy Again movement, known as MAHA, which eventually joined forces with President Trump. MAHA isn’t just a political slogan. It’s not just a political slogan. It’s a movement. That has swept our Nation. For the first time, important issues like the effectiveness of vaccines, the dangers of prescription medicines, and the chemicals in our food and household products are part of our national political [discourse], as it should be. And it’s all because of the work of Robert F. Kennedy Jr. 

    You know, before entering the arena, Bobby spent four decades, environmental law, and in healthcare policies, specializing in issues like water pollution, vaccines, and food safety. Four decades. He is an accomplished attorney who attended Harvard, the London School of Economics, and the University of Virginia. And he’s authored multiple best-selling books that I would suggest anybody, that’s concerned about the health of our country, should read.

    Throughout his career, he has committed to discovering the truth about what is causing the chronic disease epidemic in America today. And his presidential campaign exposed the fact that we have a serious, a very serious public health crisis facing our country today and in the future. 

    For example, in his hearing yesterday, Bobby Kennedy laid out that over seventy percent of adults and one third of our children are overweight or obese. The rate of diabetes is ten times more prevalent today than it was in 1960. Cancer among our young people is rising by one or two percent every year. Auto immune diseases, neurodevelopmental disorders, and addiction cases are hugely on the rise. Depression and anxiety rates are absolutely through the roof. Meanwhile, more Americans are reliant on pharmaceutical drugs than ever before.

    I saw that in my formal life of being a coach of players years ago, very few on any kind of drug such as Adderall or Ritalin for attention deficit. But the last few years, it was a huge uptick in prescription drugs and many, many young people across the country. These findings are alarming, and they should, and they had better shock, all of us. 

    Thank God, Bobby has dedicated his life to getting to the bottom of what’s causing these trends. As he did in his hearing yesterday, Bobby is an expert on the health issues facing our country and has the facts, the data, and the evidence to prove it. And he will bring his commitment to evidence-based science, transparency to our national health agencies. And it’s simple: Americans want access to all the facts so they can decide what’s best for themselves and for their families. Bobby is committed to giving Americans the information that they need to be informed and make informed decisions.

    Recently, I’ve seen the mainstream media, and some politicians attempt to smear Bobby Kennedy as anti-vax, anti-industry, or an enemy of food producers. All of this couldn’t be further from the truth. It’s just a political attack. We’ve even heard from prominent Republicans like former -Vice President Mike Pence who is running ads on TV criticizing Bobby Kennedy for not being sufficiently pro-life.

    Bobby addressed this himself yesterday. He believes every abortion is a tragedy, and he will work with President Trump to implement his pro-life policies. These attacks are nothing more than dishonest attempts by the DC establishment to tank his nomination. We’ve seen that in the last couple of weeks on all nominees.

    Sure. Bobby Kennedy may not be the typical pick for the job, but the American people don’t want a typical pick. The one we picked four years ago for President Biden was a lawyer, lived in California, and very seldom came to Washington D.C., worked from home. We got nothing done in health and human services.

    They gave us a mandate in November, 77 million people, to deliver Trump, President Trump’s agenda. And that includes Making America Healthy Again. As far as I’m concerned, Bobby is not part of being the healthcare establishment class. That’s a really good thing. We don’t need that. Look where it’s got us. The pharmaceutical industry and industrial food complex won’t be running the show anymore when Bobby Kennedy is confirmed. Instead, he will restore our health agencies to the gold standard of [scientific] research and explore [holistic] healthcare alternatives as part of our efforts to end chronic disease epidemics across this country.

    Ultimately, this will lower cost for Americans and ease the burden on our entire healthcare system, which is being overrun by all of the conditions that we have popping up today. With the many public health crisis we’re facing as a country, we have no time to waste. Hope my colleagues will join me in supporting Bobby for HHS Secretary and help President Trump Make America Healthy Again.

    Our next nominee, I’d like to turn to Kash Patel.

    He is on the Hill today going through his confirmation hearings. Kash is President Trump’s pick to be the FBI Director, who testified in front of the Senate all morning long. Kash is an excellent choice, and he has my full support. 

    It’s clear to the American people that the culture at the top of our top police agency in this country, the FBI, is rotten. It’s rotten to the core. We have some good people. But the people in charge have made devastating decisions against a lot of people across this country. It is far past time to clean house at the FBI.

    Over the last four years, we’ve seen the Bureau become politicized and weaponized. The Biden administration turned the FBI into the ‘fake bureau of investigation.’ The scales of justice were never fair and balanced under the last administration. Christopher Ray, the director, went after parents at school boards [and] pro-lifers. He went after Catholics. He went after grandmas who peacefully protested right outside this building on January the sixth. He went to their homes and arrested them. Not to mention the unprecedented raid on President Trump’s home in Mar-a-Lago, Florida.

    What we’ve seen unfold at our nation’s premiere law enforcement agency over the last four years is a complete and absolute disgrace to the American people and to our Constitution.

    Not only has the public’s trust in [the] FBI been completely eroded, it’s been a disservice to all the great men and women in the FBI, who commit every day to defending the Constitution and protecting us as American citizens. It’s going to take a lot of hard work to right this ship. Trust has to be put back into the FBI. Kash Patel is the right man to do [the] job.

    He’s qualified and has an impressive resume. He served in several national security and intelligence roles, as [a] federal prosecutor, and as a public defender. Not only is Kash qualified, but he also has the courage and the resolve needed to restore our faith in the FBI. Despite the media’s lies, Kash won’t have his enemies list when he takes a job, unlike the Biden administration. If crimes are committed, he will open an investigation, follow facts wherever they lead. No bias, no partiality. 

    Kash will bring back truth and transparency, uphold the rule of law and the Constitution, and protect Americans against its enemies, foreign, and domestic. He will ensure that the government works for the American people and not the other way around.

    Let’s confirm Kash quickly and give President Trump an important component of his national security team. I look forward to supporting Kash Patel, and I hope my Republican colleagues will do the same. 

    Finally, we need to confirm Tulsi Gabbard to be our next Director of National Intelligence. Like Kash, Tulsi will play a critical role on President Trump’s national security team.

    She just had her hearing in front of the Senate Intel Committee this morning. Her hearing only further confirmed to me that Tulsi is the perfect candidate for the DNI role. She is a decorated lieutenant colonel, over twenty years of service in the military. Tulsi served in combat in the Iraq War and is currently active in [the reserves]. She has a top security clearance, having passed five background checks to receive it.

    Tulsi served in Congress for eight years, where she sat on the Homeland Security, Armed Services, and Foreign Relations Committee. And as a member of Congress, she consistently participated in high-level intelligence briefings. [As] she has displayed throughout her entire career in the military and as an elected official, Tulsi will bring a fearless spirit to the DNI role.

    I have to tell you my meeting with Tulsi is one of the most impressive meetings I’ve had since I’ve been in this office going on five years. [Her] knowledge and expertise is unmatched. I have no doubt she will keep our country secure while protecting the Constitution and the constitutional rights of all Americans. She will help us return to peace through strength and put an end to Americans costly foreign wars.

    The attacks on her, questioning her loyalty to the United States are absolutely disgusting. It’s insulting. Tulsi has devoted her entire life to serving this country, [in] the military, and in public service.

    To the Senators criticizing Tulsi for not fitting the typical mold of a DNI director, [it] might just be a good thing. Have the last several years shown us that the status quo is working? No. I don’t think so. And I don’t think the American people think so either, and they’re the ones that count.

    Tulsi brings a fresh perspective to the job in the America that we all want and deserve. We do not need another James Clapper. Like the FBI, we’ve seen our intelligence community weaponized to target opponents of the regime. The IC conspired to take down President Trump in 2016 and 2020. And maybe most recently [in] the election a couple months ago.

    For that reason, I think Tulsi is exactly the change agent we need leading our intelligence community. Like Bobby Kennedy, Tulsi switched her party affiliation because she saw the status quo as a threat to the American people and our constitutional rights. As Director of National Intelligence, Tulsi will check her politics at the door just like she’s done the last twenty years serving in our military.

    She will come to DNI without any bias. She will fix our broken intelligence community, and folks, it is broken. I look forward to confirming Tulsi to DNI.

    I urge all my colleagues to join me in voting for Tulsi. She will play a major role in President Trump’s team in restoring faith in our intelligence community.

    Mr. President, I yield the floor.”

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

    MIL OSI USA News –

  • MIL-OSI Security: CEO of Financial Firm Pleads Guilty to Running a Multimillion Dollar Fraud

    Source: Office of United States Attorneys

    SAN DIEGO – Carlos Manuel da Silva Santos, the founder and chief executive officer of San Diego-based Ethos Asset Management, Inc., which offered financing to domestic and international businesses, pleaded guilty to wire fraud conspiracy and aggravated identity theft today in federal court.

    Santos, a Portuguese national, has been in custody since his arrest on November 13, 2023, in Newark, New Jersey, after arriving in the United States from abroad.

    According to his plea agreement, Santos admitted he and co-conspirators held Ethos out to the public as a “full-service project financing” company that offered loans to prospective borrowers in exchange for an upfront fee as collateral for Ethos to use. However, on many occasions when a borrower gave Ethos the upfront fee as collateral, Ethos’ funding never materialized.

    To induce prospective borrowers to send Ethos an upfront fee as collateral and enter into loan agreements, Santos and his co-conspirators lied about Ethos’ history of funding projects, the source of Ethos’ money, the amount of capital available to disburse loans, and how Ethos used the collateral upfront fees. For instance, Santos admitted that  he used money from the upfront collateral fees to release collateral deposited by other borrowers and to disburse loans to other borrowers.

    Santos also admitted that he and others altered otherwise legitimate financial account statements to inflate the amount of money Ethos appeared to have at its disposal to finance projects for the purpose of luring prospective borrowers to provide collateral and financial institutions to lend money. For example, in August 2021, Santos successfully induced a borrower to wire money as a collateral upfront fee by sending a bank statement that falsely represented Ethos having $100,304,447.46 when, in fact, it did not.

    In February and May 2023, Santos again induced borrowers to provide collateral upfront fees by emailing a copy of Ethos’ annual financial statements reflecting falsely that Ethos had over $2.2 billion in total assets and that an accounting firm had audited the statements. Indeed, Santos admitted that he knowingly forged the signature of an employee at a bookkeeping firm on Ethos’s 2022 annual financial statement to falsely indicate that the firm had audited the statement. In each noted example, Ethos fraudulently obtained upfront fees and failed to disburse loan payments as promised.

    Santos further admitted Ethos’ project financing scheme was international in nature, with a presence in the United States, Brazil, Turkey, and elsewhere. Santos admitted his scheme resulted in $17,125,000 in losses to certain U.S. based victims. The plea agreement also explains that the parties will request a restitution hearing allowing the United States to offer evidence that Santos owes significantly more money to various other victims.

    According to the plea agreement, Santos also forged the signature of an employee at an accounting firm to make it appear that the firm had audited Ethos’ annual financial reports.

    “Untold numbers of people fall victim to fraud schemes every year,” said U.S. Attorney Tara McGrath.  “Whether it’s a simple email scam or an elaborate investment scheme, the U.S. Attorney’s Office will relentlessly pursue accountability for the defendants and restitution for the victims.”

    “Today’s guilty plea underscores Homeland Security Investigation’s (HSI) unwavering commitment to combating financial crimes,” said Shawn Gibson, Special Agent in Charge for HSI San Diego. “This successful outcome is the result of an extensive, long-term investigation where our dedicated agents and partners assigned to the Costa Pacifico Financial Task Force worked tirelessly and diligently to gather all the evidence and bring this individual to justice. Their unwavering commitment and thorough efforts have been instrumental in protecting our community and upholding the law.

    Sentencing is scheduled for April 18, 2025, before U.S. District Judge Robert S. Huie.

    This case is being prosecuted by Assistant U.S. Attorneys E. Christopher Beeler, Carl F. Brooker IV, and Amy B. Wang.

    If you believe you are a victim of Carlos Santos and his company Ethos Asset Management, Inc., contact Homeland Security Investigations at ethos-victim@hsi.dhs.gov.

    DEFENDANT

    Carlos Manuel da Silva Santos                  Age: 30                                  Portugal

    SUMMARY OF CHARGES

    Wire Fraud Conspiracy – Title 18, U.S.C., Section 1349

    Maximum penalty: Thirty years in prison and $250,000 fine

    Aggravated Identity Theft – Title 18, U.S.C. Section 1028A

    Maximum penalty: Mandatory two years in prison consecutive to the term for the underlying felony

    INVESTIGATING AGENCY

    Homeland Security Investigations

    MIL Security OSI –

  • MIL-OSI Security: CENTCOM Forces Kill Senior Operative of Terror Group Hurras al-Din, an Al-Qaeda affiliate

    Source: United States Central Command (CENTCOM)

    TAMPA, Fla. – On Jan. 30, U.S. Central Command (CENTCOM) Forces conducted a precision airstrike in Northwest Syria targeting and killing Muhammad Salah al-Za’bir, a senior operative in the terrorist organization Hurras al-Din (HaD), an Al-Qaeda affiliate.

    MIL Security OSI –

  • MIL-OSI China: China’s exports to over 160 countries, regions achieve growth in 2024

    Source: China State Council Information Office

    China’s exports to over 160 countries and regions saw growth in 2024, according to the General Administration of Customs (GAC).

    The country’s exports grew 7.1 percent year on year, reaching 25.45 trillion yuan (about 3.55 trillion U.S. dollars) last year, marking the eighth consecutive year of growth, according to the latest data released by the GAC.

    Exports to Brazil, the United Arab Emirates and Saudi Arabia increased by 23.3 percent, 19.2 percent and 18.2 percent year on year, respectively. Exports to ASEAN countries and nations participating in the Belt and Road Initiative grew by 13.4 percent and 9.6 percent, respectively. Meanwhile, exports to traditional markets, such as the European Union and the United States, rose by 4.3 percent and 6.1 percent, respectively.

    Lyu Daliang, a GAC official, said that despite growing uncertainties and challenges, China’s exports — characterized by a wide range of products — are expected to remain resilient and dynamic, supported by both incremental and existing policies. 

    MIL OSI China News –

  • MIL-OSI USA: Four Members of Online Neo-Nazi Group that Exploited Minors Charged with Producing Child Sexual Abuse Material

    Source: US State of California

    Note: View the indictment here. 

    Two men were arrested today on charges of participating in a neo-Nazi child exploitation enterprise that groomed and then coerced minors to produce child sexual abuse material (CSAM) and images of self-harm. The group allegedly victimized at least 16 minors around the world, including two in Southern California.

    Colin John Thomas Walker, 23, of Bridgeton, New Jersey, and Clint Jordan Lopaka Nahooikaika Borge, 41, of Pahoa, Hawaii, were arrested this morning pursuant to a grand jury indictment that charges them with one count of engaging in a child exploitation enterprise. They are expected to make their initial appearances in court later today in New Jersey and Hawaii.

    The indictment also charges two other defendants who are already in custody: Rohan Sandeep Rane, 28, of Antibes, France, and Kaleb Christopher Merritt, 24, of Spring, Texas. The indictment returned by a grand jury on Jan. 17 and unsealed today, also charges Rane and Walker with one count of engaging in a child exploitation enterprise.

    According to the indictment, from at least 2019 to 2022, Rane, Walker, Merritt, and Borge were members of CVLT (pronounced “cult”), an online group that espoused neo-Nazism, nihilism, and pedophilia as its core principles. Members of the international enterprise engaged in online child sexual exploitation offenses and trafficked CSAM. Rane, Walker, and Merritt acted as leaders and administrators in the CVLT enterprise, hosting and running CVLT online servers and controlling membership for the group.

    CVLT members worked collectively to entice and coerce children to self-produce CSAM on a platform run by CVLT members where they groomed children for the eventual production of CSAM through various means of degradation, including exposing the victims to extremist and violent content. CVLT specifically targeted vulnerable victims, including ones suffering from mental health challenges or a history of sexual abuse.

    Victims were encouraged to engage in increasingly dehumanizing acts, including cutting and eating their own hair, drinking their urine, punching themselves, calling themselves racial slurs, and using razor blades to carve CVLT members’ names into their skin. CVLT members’ coercion escalated to pressuring victims to kill themselves on a video livestream.

    When victims hesitated, resisted, or threatened to tell parents or authorities, CVLT members would threaten to distribute already-obtained compromising photos and videos of the victims to their family and friends. For victims who stopped participating in the CSAM, CVLT would sometimes carry through on their threats.

    Rane previously was charged with several child exploitation and related offenses in France and has been in French custody since 2022. Merritt is currently in Virginia state custody, serving a 50-year sentence for child sex abuse crimes committed in 2020 and 2021.

    If convicted, the defendants would face a minimum penalty of 20 years in prison and a statutory maximum penalty of life in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

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

    Homeland Security Investigations (HSI), the Los Angeles Police Department, San Bernardino County Sheriff’s Office, Henry County Sheriff’s Office (Virginia), Iowa State University Police, Police Nationale (France), the National Crime Agency (United Kingdom), the New Zealand Department of Internal Affairs, and EUROPOL are investigating this matter.

    Assistant U.S. Attorney Catharine A. Richmond for the Central District of California and Trial Attorneys Justin Sher and James Donnelly of the National Security Division’s Counterterrorism Section are prosecuting this case.

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

    MIL OSI USA News –

  • MIL-OSI Security: Four Members of Online Neo-Nazi Group that Exploited Minors Charged with Producing Child Sexual Abuse Material

    Source: United States Attorneys General 11

    Note: View the indictment here. 

    Two men were arrested today on charges of participating in a neo-Nazi child exploitation enterprise that groomed and then coerced minors to produce child sexual abuse material (CSAM) and images of self-harm. The group allegedly victimized at least 16 minors around the world, including two in Southern California.

    Colin John Thomas Walker, 23, of Bridgeton, New Jersey, and Clint Jordan Lopaka Nahooikaika Borge, 41, of Pahoa, Hawaii, were arrested this morning pursuant to a grand jury indictment that charges them with one count of engaging in a child exploitation enterprise. They are expected to make their initial appearances in court later today in New Jersey and Hawaii.

    The indictment also charges two other defendants who are already in custody: Rohan Sandeep Rane, 28, of Antibes, France, and Kaleb Christopher Merritt, 24, of Spring, Texas. The indictment returned by a grand jury on Jan. 17 and unsealed today, also charges Rane and Walker with one count of engaging in a child exploitation enterprise.

    According to the indictment, from at least 2019 to 2022, Rane, Walker, Merritt, and Borge were members of CVLT (pronounced “cult”), an online group that espoused neo-Nazism, nihilism, and pedophilia as its core principles. Members of the international enterprise engaged in online child sexual exploitation offenses and trafficked CSAM. Rane, Walker, and Merritt acted as leaders and administrators in the CVLT enterprise, hosting and running CVLT online servers and controlling membership for the group.

    CVLT members worked collectively to entice and coerce children to self-produce CSAM on a platform run by CVLT members where they groomed children for the eventual production of CSAM through various means of degradation, including exposing the victims to extremist and violent content. CVLT specifically targeted vulnerable victims, including ones suffering from mental health challenges or a history of sexual abuse.

    Victims were encouraged to engage in increasingly dehumanizing acts, including cutting and eating their own hair, drinking their urine, punching themselves, calling themselves racial slurs, and using razor blades to carve CVLT members’ names into their skin. CVLT members’ coercion escalated to pressuring victims to kill themselves on a video livestream.

    When victims hesitated, resisted, or threatened to tell parents or authorities, CVLT members would threaten to distribute already-obtained compromising photos and videos of the victims to their family and friends. For victims who stopped participating in the CSAM, CVLT would sometimes carry through on their threats.

    Rane previously was charged with several child exploitation and related offenses in France and has been in French custody since 2022. Merritt is currently in Virginia state custody, serving a 50-year sentence for child sex abuse crimes committed in 2020 and 2021.

    If convicted, the defendants would face a minimum penalty of 20 years in prison and a statutory maximum penalty of life in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

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

    Homeland Security Investigations (HSI), the Los Angeles Police Department, San Bernardino County Sheriff’s Office, Henry County Sheriff’s Office (Virginia), Iowa State University Police, Police Nationale (France), the National Crime Agency (United Kingdom), the New Zealand Department of Internal Affairs, and EUROPOL are investigating this matter.

    Assistant U.S. Attorney Catharine A. Richmond for the Central District of California and Trial Attorneys Justin Sher and James Donnelly of the National Security Division’s Counterterrorism Section are prosecuting this case.

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

    MIL Security OSI –

  • MIL-OSI: Baker Hughes Announces Fourth-Quarter and Full-Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Fourth-quarter highlights

    • Orders of $7.5 billion, including $3.8 billion of IET orders.
    • RPO of $33.1 billion, including IET RPO of $30.1 billion.
    • Revenue of $7.4 billion, up 8% year-over-year.
    • GAAP diluted EPS of $1.18 and adjusted diluted EPS* of $0.70.
    • Adjusted EBITDA* of $1,310 million, up 20% year-over-year.
    • Cash flows from operating activities of $1,189 million and free cash flow* of $894 million.

    Full-year highlights

    • Orders of $28.2 billion, including $13.0 billion of IET orders.
    • Revenue of $27.8 billion, up 9% year-over-year.
    • Attributable net income of $2,979 million.
    • GAAP diluted EPS of $2.98 and adjusted diluted EPS* of $2.35.
    • Adjusted EBITDA* of $4,591 million, up 22% year-over-year.
    • Cash flows from operating activities of $3,332 million and free cash flow* of $2,257 million.
    • Returns to shareholders of $1,320 million, including $484 million of share repurchases.

    HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) — Baker Hughes Company (Nasdaq: BKR) (“Baker Hughes” or the “Company”) announced results today for the fourth-quarter and full-year 2024.

    “2024 proved to be a momentous year for Baker Hughes. We closed out the year with exceptional fourth-quarter results, setting new quarterly and annual records for revenue, free cash flow and our adjusted measures of EPS, EBITDA, and EBITDA margin. Our strategy to drive profitable growth and continuous margin improvement is working. Looking forward, we will continue our journey to transform the Company, and we expect 2025 to demonstrate another strong year of EBITDA growth, led by our IET segment,” said Lorenzo Simonelli, Baker Hughes Chairman and Chief Executive Officer.

    “IET booked $3.8 billion of orders in the fourth quarter, supported by strong LNG orders and another gas infrastructure award. Including this strong end to the year, 2024 orders totaled $13 billion, the second highest order year ever. This order performance highlights the end-market diversity and versatility of our portfolio.”

    “Overall, our margin increase across both segments continues to demonstrate strong progress on the journey toward 20% segment EBITDA margins. Transformation actions will continue to be a major driver of our margin improvements as we progress through 2025 and beyond. We remain confident in achieving our 20% EBITDA margin targets for OFSE this year and IET in 2026.”

    “As reflected in our strong 2024 results and our exceptional margin improvement, Baker Hughes has evolved into a more profitable energy and industrial technology company. Company results are benefiting from strong execution, sharpened commercial focus and improved productivity gains. Our confidence in the durability and growth of our earnings and free cash flow positions us to continue growing our dividend, highlighted by the announcement to increase our quarterly dividend by 10% to $0.23.”

    “I would like to thank the Baker Hughes team for yet again delivering outstanding results. As we continue our journey to move Baker Hughes forward, we remain committed to our customers, shareholders, and employees,” concluded Simonelli.

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

      Three Months Ended   Variance
    (in millions except per share amounts) December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Orders $ 7,496 $ 6,676 $ 6,904   12 % 9 %
    Revenue   7,364   6,908   6,835   7 % 8 %
    Net income attributable to Baker Hughes   1,179   766   439   54 % 168 %
    Adjusted net income attributable to Baker Hughes*   694   666   511   4 % 36 %
    Operating income   665   930   651   (29 )% 2 %
    Adjusted operating income*   1,019   930   816   10 % 25 %
    Adjusted EBITDA*   1,310   1,208   1,091   8 % 20 %
    Diluted earnings per share (EPS)   1.18   0.77   0.43   54 % 171 %
    Adjusted diluted EPS*   0.70   0.67   0.51   4 % 37 %
    Cash flow from operating activities   1,189   1,010   932   18 % 28 %
    Free cash flow*   894   754   633   19 % 41 %

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    Certain columns and rows in our tables and financial statements may not sum up due to the use of rounded numbers.

    Quarter Highlights

    Industrial & Energy Technology (“IET”) recorded another strong quarter of gas infrastructure orders, booking an equipment award from Tecnicas Reunidas for the third expansion phase of the Jafurah unconventional gas field in the Kingdom of Saudi Arabia. Gas Technology Equipment (“GTE”) will supply a total of 12 electric motor-driven compression trains and auxiliary treatment equipment for gas processing. This contract builds upon Baker Hughes’ long-standing relationship with Aramco and follows previous contract awards in 2022, bringing the total to 24 electric motor-driven compressors and an additional 14 compressors supplied by Baker Hughes for multiple Jafurah gas processing plants.

    In demonstration of its well-established leadership position in liquefied natural gas (“LNG”) technology solutions, Baker Hughes received multiple project awards in the fourth quarter. As part of a master equipment supply agreement, IET received a major contract to provide a modularized LNG system and power island to Venture Global. IET also received, from Bechtel Energy, a GTE award to supply eight LM6000 PF+ driven main refrigeration compressors and eight expander compressors across two LNG trains for a nameplate capacity of approximately 11 million ton per annum for Phase 1 of Woodside Energy’s Louisiana project.

    Gas Technology Services (“GTS”) continues to demonstrate leadership in turbomachinery aftermarket service, booking several notable service and upgrade awards to backlog. GTS signed a long-term services agreement to support Phases 1 and 2 of Venture Global’s Plaquemines LNG project, and also signed a 25-year services agreement with a NextDecade affiliate to support its Rio Grande LNG facility. Additionally, GTS received an award from an energy operator to provide planned maintenance activities to assure reliability, availability, and efficiency of turbomachinery at their LNG facility in Asia Pacific. The capabilities of IET’s iCenter™ will also be utilized to drive improved outcomes for the customer. Finally, GTS booked multiple upgrade awards for gas infrastructure projects in the Middle East and Europe.

    Climate Technology Solutions (“CTS”) secured multiple awards targeting flare reduction. As announced at COP29 in Baku, Azerbaijan, CTS will provide SOCAR, the state-owned oil company of Azerbaijan, with an integrated gas recovery and hydrogen sulfide removal system to significantly reduce downstream flaring at the Heydar Aliyev Oil Refinery. Separately in the Middle East, CTS will supply electric-driven centrifugal compressors for one of the largest gas processing and flare gas recovery projects globally.

    Oilfield Services & Equipment (“OFSE”), through its Mature Assets Solutions (“MAS”) offering, received a multi-year contract from Eni to help unlock bypassed reserves in one of Europe’s largest developments. Baker Hughes will utilize its AutoTrak eXact™ rotary steerable drilling system to reduce risks and execution costs for Eni. OFSE also booked another MAS award in the Middle East to provide artificial lift services in a super-giant oilfield, including advanced permanent magnet motors for improved electric submersible pump efficiency.

    Baker Hughes experienced a strong order quarter for flexible pipe systems in Brazil. Following a third-quarter 2024 award, OFSE received another flexible pipe systems award from Petrobras after an open tender, reinforcing this important relationship and Baker Hughes’ leading position in the product line. The capability of Baker Hughes’ flexible pipe systems to address the critical issue of stress-induced corrosion cracking from CO2 resulted in this significant award for approximately 48 miles of flexible pipe systems to be installed across four different fields. Additionally, OFSE received an order from Brava Energia to supply 9 miles of flexible pipe systems to be deployed in the Campos Basin.

    OFSE also advanced its digitalization and artificial intelligence capabilities, signing an agreement with AIQ, ADNOC and CORVA to launch the AI Rate of Penetration (ROP) Optimization initiative. The project aims to enhance drilling efficiency in real-time by providing insights and recommendations for optimizing weight on bit, rotations per minute and other critical parameters.

    Consolidated Revenue and Operating Income by Reporting Segment

    (in millions) Three Months Ended   Variance
      December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Oilfield Services & Equipment $ 3,871   $ 3,963   $ 3,956     (2 )% (2 )%
    Industrial & Energy Technology   3,492     2,945     2,879     19  % 21  %
    Segment revenue   7,364     6,908     6,835     7  % 8  %
                 
    Oilfield Services & Equipment   526     547     492     (4 )% 7  %
    Industrial & Energy Technology   584     474     412     23  % 42  %
    Corporate(1)   (91 )   (91 )   (88 )   —  % (3 )%
    Inventory impairment(2)   (73 )   —     (2 )   NM    NM   
    Restructuring, impairment and other   (281 )   —     (163 )   NM     (73 )%
    Operating income   665     930     651     (29 )% 2  %
    Adjusted operating income*   1,019     930     816     10  % 25  %
    Depreciation & amortization   291     278     274     5  % 6  %
    Adjusted EBITDA* $ 1,310   $ 1,208   $ 1,091     8  % 20  %

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    “NM” is used when the percentage variance is not meaningful.

    (1)   Corporate costs are primarily reported in “Selling, general and administrative” in the consolidated statements of income (loss).

    (2)   Charges for inventory impairments are reported in “Cost of goods sold” in the consolidated statements of income (loss).

    Revenue for the fourth quarter of 2024 was $7,364 million, an increase of 7% sequentially and an increase of 8% year-over-year. The increase in revenue year-over-year was driven by IET.

    The Company’s total book-to-bill ratio in the fourth quarter of 2024 was 1.0; the IET book-to-bill ratio was 1.1.

    Operating income as determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”), for the fourth quarter of 2024 was $665 million. Operating income decreased $265 million sequentially and increased $13 million year-over-year. Restructuring, impairment, and other charges were $281 million in the fourth quarter of 2024, primarily related to streamlining of the OFSE operating model.

    Adjusted operating income (a non-GAAP financial measure) for the fourth quarter of 2024 was $1,019 million, which excludes adjustments totaling $354 million. A list of the adjusting items and associated reconciliation from GAAP has been provided in Table 1a in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” Adjusted operating income for the fourth quarter of 2024 was up 10% sequentially and up 25% year-over-year.

    Depreciation and amortization for the fourth quarter of 2024 was $291 million.

    Adjusted EBITDA (a non-GAAP financial measure) for the fourth quarter of 2024 was $1,310 million, which excludes adjustments totaling $354 million. See Table 1b in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” Adjusted EBITDA for the fourth quarter was up 8% sequentially and up 20% year-over-year.

    The sequential increase in adjusted operating income and adjusted EBITDA was driven by higher volume in IET and structural cost-out initiatives in both segments, primarily offset by lower volume in OFSE. The year-over-year increase in adjusted operating income and adjusted EBITDA was driven by higher pricing and structural cost-out initiatives in both segments, and increased volume in IET primarily from higher proportionate growth in GTE, partially offset by decreased volume in OFSE and cost inflation in both segments.

    Other Financial Items

    Remaining Performance Obligations (“RPO”) in the fourth quarter of 2024 ended at $33.1 billion, a decrease of $0.3 billion from the third quarter of 2024. OFSE RPO was $3.0 billion, down 6% sequentially, while IET RPO was $30.1 billion, down $100 million sequentially. Within IET RPO, GTE RPO was $11.8 billion and GTS RPO was $15.0 billion.

    Income tax benefit in the fourth quarter of 2024 was $398 million reflecting the impact of a valuation allowance release in the U.S. The valuation allowance has been released primarily as a result of the U.S. moving into a cumulative three-year profit position.

    Other non-operating income in the fourth quarter of 2024 was $181 million. Included in other non-operating income were net mark-to-market gains in fair value and gains from sale for certain equity investments of $196 million.

    GAAP diluted earnings per share was $1.18. Adjusted diluted earnings per share (a non-GAAP financial measure) was $0.70. Excluded from adjusted diluted earnings per share were all items listed in Table 1c in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    Cash flow from operating activities was $1,189 million for the fourth quarter of 2024. Free cash flow (a non-GAAP financial measure) for the quarter was $894 million. A reconciliation from GAAP has been provided in Table 1d in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    Capital expenditures, net of proceeds from disposal of assets, were $295 million for the fourth quarter of 2024, of which $195 million was for OFSE and $87 million was for IET.

    Results by Reporting Segment
     

    The following segment discussions and variance explanations are intended to reflect management’s view of the relevant comparisons of financial results on a sequential or year-over-year basis, depending on the business dynamics of the reporting segments.

    Oilfield Services & Equipment

    (in millions) Three Months Ended   Variance
    Segment results December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Orders $ 3,740   $ 3,807   $ 3,874     (2 )% (3 )%
    Revenue $ 3,871   $ 3,963   $ 3,956     (2 )% (2 )%
    Operating income $ 526   $ 547   $ 492     (4 )% 7  %
    Operating margin   13.6 %   13.8 %   12.4 %   -0.2pts   1.1pts  
    Depreciation & amortization $ 229   $ 218   $ 217     5  % 6  %
    EBITDA* $ 755   $ 765   $ 709     (1 )% 7  %
    EBITDA margin*   19.5 %   19.3 %   17.9 %   0.2pts   1.6pts  
    (in millions) Three Months Ended   Variance
    Revenue by Product Line December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Well Construction $ 943 $ 1,050 $ 1,122   (10 )% (16 )%
    Completions, Intervention, and Measurements   1,022   1,009   1,086   1  % (6 )%
    Production Solutions   974   983   990   (1 )% (2 )%
    Subsea & Surface Pressure Systems   932   921   758   1  % 23  %
    Total Revenue $ 3,871 $ 3,963 $ 3,956   (2 )% (2 )%
    (in millions) Three Months Ended   Variance
    Revenue by Geographic Region December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    North America $ 971 $ 971 $ 1,018   —  % (5 )%
    Latin America   661   648   708   2  % (7 )%
    Europe/CIS/Sub-Saharan Africa   740   933   707   (21 )% 5  %
    Middle East/Asia   1,499   1,411   1,522   6  % (2 )%
    Total Revenue $ 3,871 $ 3,963 $ 3,956   (2 )% (2 )%
                 
    North America $ 971 $ 971 $ 1,018   —  % (5 )%
    International   2,900   2,992   2,938   (3 )% (1 )%

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” EBITDA margin is defined as EBITDA divided by revenue.

    OFSE orders of $3,740 million for the fourth quarter of 2024 decreased by $67 million sequentially. Subsea and Surface Pressure Systems orders were $802 million, up 3% sequentially, and up 23% year-over-year.

    OFSE revenue of $3,871 million for the fourth quarter of 2024 was down 2% sequentially, and down 2% year-over-year.

    North America revenue was $971 million, flat sequentially. International revenue was $2,900 million, down 3% sequentially, driven by declines in Europe/CIS/Sub-Saharan Africa region partially offset by growth in Middle East/Asia and Latin America.

    Segment operating income for the fourth quarter was $526 million, a decrease of $22 million, or 4%, sequentially. Segment EBITDA for the fourth quarter of 2024 was $755 million, a decrease of $10 million, or 1% sequentially. The sequential decrease in segment operating income and EBITDA was driven by lower volume, partially mitigated by positive price and productivity from structural cost-out initiatives.

    Industrial & Energy Technology

    (in millions) Three Months Ended   Variance
    Segment results December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Orders $ 3,756   $ 2,868   $ 3,030     31 % 24 %
    Revenue $ 3,492   $ 2,945   $ 2,879     19 % 21 %
    Operating income $ 584   $ 474   $ 412     23 % 42 %
    Operating margin   16.7 %   16.1 %   14.3 %   0.6pts 2.4pts
    Depreciation & amortization $ 56   $ 54   $ 51     4 % 8 %
    EBITDA* $ 639   $ 528   $ 463     21 % 38 %
    EBITDA margin*   18.3 %   17.9 %   16.1 %   0.4pts 2.2pts
    (in millions) Three Months Ended   Variance
    Orders by Product Line December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Gas Technology Equipment $ 1,865 $ 1,088 $ 1,297   71  % 44  %
    Gas Technology Services   902   778   808   16  % 12  %
    Total Gas Technology   2,767   1,866   2,105   48  % 31  %
    Industrial Products   515   494   514   4  % —  %
    Industrial Solutions   320   293   288   9  % 11  %
    Total Industrial Technology   835   787   802   6  % 4  %
    Climate Technology Solutions   154   215   123   (28 )% 25  %
    Total Orders $ 3,756 $ 2,868 $ 3,030   31  % 24  %
    (in millions) Three Months Ended   Variance
    Revenue by Product Line December 31,
    2024    		 September 30,
    2024    		 December 31,
    2023    		   Sequential Year-over-year
    Gas Technology Equipment $ 1,663 $ 1,281 $ 1,206   30 % 38 %
    Gas Technology Services   796   697   714   14 % 11 %
    Total Gas Technology   2,459   1,978   1,920   24 % 28 %
    Industrial Products   548   520   513   5 % 7 %
    Industrial Solutions   282   257   276   10 % 2 %
    Total Industrial Technology   830   777   789   7 % 5 %
    Climate Technology Solutions   204   191   170   7 % 20 %
    Total Revenue $ 3,492 $ 2,945 $ 2,879   19 % 21 %

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” EBITDA margin is defined as EBITDA divided by revenue.

    IET orders of $3,756 million for the fourth quarter of 2024 increased by $726 million, or 24% year-over-year. The increase was driven primarily by GTE orders which were up $568 million, or 44% year-over-year.

    IET revenue of $3,492 million for the fourth quarter of 2024 increased $613 million, or 21% year-over-year. The increase was driven primarily by Gas Technology, up 28% year-over-year.

    Segment operating income for the quarter was $584 million, an increase of $172 million, or 42% year-over-year. Segment EBITDA for the quarter was $639 million, an increase of $176 million, or 38% year-over-year. The year-over-year increase in segment operating income and segment EBITDA was driven by increased volume primarily from higher proportionate growth in GTE, positive pricing, and productivity, partially offset by cost inflation.

    2024 Total Year Results

    (in millions) Twelve Months Ended   Variance
      December 31, 2024 December 31, 2023   Year-over-year
    Oilfield Services & Equipment $ 15,240   $ 16,344     (7)%
    Industrial & Energy Technology   13,000     14,178     (8)%
    Orders $ 28,240   $ 30,522     (7)%
             
    Oilfield Services & Equipment $ 15,628   $ 15,361     2%
    Industrial & Energy Technology   12,201     10,145     20%
    Segment Revenue $ 27,829   $ 25,506     9%
             
    Oilfield Services & Equipment $ 1,988   $ 1,746     14%
    Industrial & Energy Technology   1,830     1,310     40%
    Corporate(1)   (363 )   (380 )   5%
    Inventory impairment(2)   (73 )   (35 )   (110)%
    Restructuring, impairment & other   (301 )   (323 )   7%
    Operating income   3,081     2,317     33%
    Adjusted operating income *   3,455     2,676     29%
    Depreciation & amortization   1,136     1,087     4%
    Adjusted EBITDA * $ 4,591   $ 3,763     22%

    * Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

    (1)   Corporate costs are primarily reported in “Selling, general and administrative” in the consolidated statements of income (loss).

    (2)   Charges for inventory impairments are reported in “Cost of goods sold” in the consolidated statements of income (loss). 

    Reconciliation of GAAP to non-GAAP Financial Measures

    Management provides non-GAAP financial measures because it believes such measures are widely accepted financial indicators used by investors and analysts to analyze and compare companies on the basis of operating performance (including adjusted operating income; EBITDA; EBITDA margin; adjusted EBITDA; adjusted net income attributable to Baker Hughes; and adjusted diluted earnings per share) and liquidity (free cash flow) and that these measures may be used by investors to make informed investment decisions. Management believes that the exclusion of certain identified items from several key operating performance measures enables us to evaluate our operations more effectively, to identify underlying trends in the business, and to establish operational goals for certain management compensation purposes. Management also believes that free cash flow is an important supplemental measure of our cash performance but should not be considered as a measure of residual cash flow available for discretionary purposes, or as an alternative to cash flow from operating activities presented in accordance with GAAP.

    Table 1a. Reconciliation of GAAP and Adjusted Operating Income

      Three Months Ended   Twelve Months Ended
      December 31, September 30, December 31,   December 31,
    (in millions)   2024   2024   2023     2024   2023
    Operating income (GAAP) $ 665 $ 930 $ 651   $ 3,081 $ 2,317
    Restructuring, impairment & other   281   —   163     301   323
    Inventory impairment(1)   73   —   2     73   35
    Total operating income adjustments   354   —   165     375   358
    Adjusted operating income (non-GAAP) $ 1,019 $ 930 $ 816   $ 3,455 $ 2,676

    (1)   Charges for inventory impairments are reported in “Cost of goods sold” in the consolidated statements of income (loss).

    Table 1a reconciles operating income, which is the directly comparable financial result determined in accordance with GAAP, to adjusted operating income. Adjusted operating income excludes the impact of certain identified items.

    Table 1b. Reconciliation of Net Income Attributable to Baker Hughes to EBITDA and Adjusted EBITDA

      Three Months Ended   Twelve Months Ended
      December 31, September 30, December 31,   December 31,
    (in millions)   2024     2024     2023     2024     2023  
    Net income attributable to Baker Hughes (GAAP) $ 1,179   $ 766   $ 439   $ 2,979   $ 1,943  
    Net income attributable to noncontrolling interests   11     8     11     29     27  
    Provision (benefit) for income taxes   (398 )   235     72     257     685  
    Interest expense, net   54     55     45     198     216  
    Other non-operating (income) loss, net   (181 )   (134 )   84     (382 )   (554 )
    Operating income (GAAP)   665     930     651     3,081     2,317  
    Depreciation & amortization   291     278     274     1,136     1,087  
    EBITDA (non-GAAP)   956     1,208     926     4,216     3,405  
    Total operating income adjustments(1)   354     —     165     375     358  
    Adjusted EBITDA (non-GAAP) $ 1,310   $ 1,208   $ 1,091   $ 4,591   $ 3,763  

    (1)   See Table 1a for the identified adjustments to operating income.

    Table 1b reconciles net income attributable to Baker Hughes, which is the directly comparable financial result determined in accordance with GAAP, to EBITDA. Adjusted EBITDA excludes the impact of certain identified items.

    Table 1c. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted Net Income Attributable to Baker Hughes

      Three Months Ended   Twelve Months Ended
      December 31, September 30, December 31,   December 31,
    (in millions, except per share amounts)   2024     2024     2023       2024     2023  
    Net income attributable to Baker Hughes (GAAP) $ 1,179   $ 766   $ 439     $ 2,979   $ 1,943  
    Total operating income adjustments(1)   354     —     165       375     358  
    Other adjustments (non-operating)(2)   (189 )   (99 )   89       (335 )   (554 )
    Tax adjustments(3)   (650 )   (1 )   (181 )     (663 )   (124 )
    Total adjustments, net of income tax   (485 )   (100 )   72       (623 )   (320 )
    Less: adjustments attributable to noncontrolling interests   —     —     —       —     —  
    Adjustments attributable to Baker Hughes   (485 )   (100 )   72       (623 )   (320 )
    Adjusted net income attributable to Baker Hughes (non-GAAP) $ 694   $ 666   $ 511     $ 2,356   $ 1,622  
                 
                 
    Denominator:            
    Weighted-average shares of Class A common stock outstanding diluted   999     999     1,010       1,001     1,015  
    Adjusted earnings per share – diluted (non-GAAP) $ 0.70   $ 0.67   $ 0.51     $ 2.35   $ 1.60  

    (1)   See Table 1a for the identified adjustments to operating income.

    (2)   All periods primarily reflect the net gain or loss on changes in fair value for certain equity investments.

    (3)   All periods reflect the tax associated with the other operating and non-operating adjustments. 4Q’24 and fiscal year 2024 include $664 million and 4Q’23 and fiscal year 2023 include $81 million, respectively, related to the release of valuation allowances for certain deferred tax assets.

    Table 1c reconciles net income attributable to Baker Hughes, which is the directly comparable financial result determined in accordance with GAAP, to adjusted net income attributable to Baker Hughes. Adjusted net income attributable to Baker Hughes excludes the impact of certain identified items.

    Table 1d. Reconciliation of Net Cash Flows From Operating Activities to Free Cash Flow

      Three Months Ended   Twelve Months Ended
      December 31, September 30, December 31,   December 31,
    (in millions)   2024     2024     2023       2024     2023  
    Net cash flows from operating activities (GAAP) $ 1,189   $ 1,010   $ 932     $ 3,332   $ 3,062  
    Add: cash used for capital expenditures, net of proceeds from disposal of assets   (295 )   (256 )   (298 )     (1,075 )   (1,016 )
    Free cash flow (non-GAAP) $ 894   $ 754   $ 633     $ 2,257   $ 2,045  

    Table 1d reconciles net cash flows from operating activities, which is the directly comparable financial result determined in accordance with GAAP, to free cash flow. Free cash flow is defined as net cash flows from operating activities less expenditures for capital assets plus proceeds from disposal of assets.

    Financial Tables (GAAP)
     
    Condensed Consolidated Statements of Income (Loss)
    (Unaudited)
     
      Three Months Ended
    (In millions, except per share amounts) December 31, 2024 September 30, 2024 December 31, 2023
    Revenue $ 7,364   $ 6,908   $ 6,835  
    Costs and expenses:      
    Cost of revenue   5,833     5,366     5,386  
    Selling, general and administrative   585     612     634  
    Restructuring, impairment and other   281     —     163  
    Total costs and expenses   6,699     5,978     6,183  
    Operating income   665     930     651  
    Other non-operating income (loss), net   181     134     (84 )
    Interest expense, net   (54 )   (55 )   (45 )
    Income before income taxes   792     1,009     522  
    Benefit (provision) for income taxes   398     (235 )   (72 )
    Net income   1,190     774     450  
    Less: Net income attributable to noncontrolling interests   11     8     11  
    Net income attributable to Baker Hughes Company $ 1,179   $ 766   $ 439  
           
    Per share amounts:    
    Basic income per Class A common share $ 1.19   $ 0.77   $ 0.44  
    Diluted income per Class A common share $ 1.18   $ 0.77   $ 0.43  
           
    Weighted average shares:      
    Class A basic   990     993     1,001  
    Class A diluted   999     999     1,010  
           
    Cash dividend per Class A common share $ 0.21   $ 0.21   $ 0.20  
           
     
    Condensed Consolidated Statements of Income (Loss)
    (Unaudited)
     
      Year Ended December 31,
    (In millions, except per share amounts)   2024     2023     2022  
    Revenue $ 27,829   $ 25,506   $ 21,156  
    Costs and expenses:      
    Cost of revenue   21,989     20,255     16,756  
    Selling, general and administrative   2,458     2,611     2,510  
    Restructuring, impairment and other   301     323     705  
    Total costs and expenses   24,748     23,189     19,971  
    Operating income   3,081     2,317     1,185  
    Other non-operating income (loss), net   382     554     (911 )
    Interest expense, net   (198 )   (216 )   (252 )
    Income before income taxes   3,265     2,655     22  
    Provision for income taxes   (257 )   (685 )   (600 )
    Net income (loss)   3,008     1,970     (578 )
    Less: Net income attributable to noncontrolling interests   29     27     23  
    Net income (loss) attributable to Baker Hughes Company $ 2,979   $ 1,943   $ (601 )
           
    Per share amounts:      
    Basic income (loss) per Class A common share $ 3.00   $ 1.93   $ (0.61 )
    Diluted income (loss) per Class A common share $ 2.98   $ 1.91   $ (0.61 )
           
    Weighted average shares:      
    Class A basic   994     1,008     987  
    Class A diluted   1,001     1,015     987  
           
    Cash dividend per Class A common share $ 0.84   $ 0.78   $ 0.73  
     
    Condensed Consolidated Statements of Financial Position
    (Unaudited)
     
      December 31,
    (In millions)   2024   2023
    ASSETS
    Current Assets:    
    Cash and cash equivalents $ 3,364 $ 2,646
    Current receivables, net   7,122   7,075
    Inventories, net   4,954   5,094
    All other current assets   1,771   1,486
    Total current assets   17,211   16,301
    Property, plant and equipment, less accumulated depreciation   5,127   4,893
    Goodwill   6,078   6,137
    Other intangible assets, net   3,951   4,093
    Contract and other deferred assets   1,730   1,756
    All other assets   4,266   3,765
    Total assets $ 38,363 $ 36,945
    LIABILITIES AND EQUITY
    Current Liabilities:    
    Accounts payable $ 4,542 $ 4,471
    Short-term and current portion of long-term debt   53   148
    Progress collections and deferred income   5,672   5,542
    All other current liabilities   2,724   2,830
    Total current liabilities   12,991   12,991
    Long-term debt   5,970   5,872
    Liabilities for pensions and other postretirement benefits   988   978
    All other liabilities   1,359   1,585
    Equity   17,055   15,519
    Total liabilities and equity $ 38,363 $ 36,945
         
    Outstanding Baker Hughes Company shares:    
    Class A common stock   990   998
     
    Condensed Consolidated Statements of Cash Flows
    (Unaudited)
     
      Three Months
    Ended
    December 31,    		 Twelve Months Ended
    December 31,
    (In millions)   2024     2024     2023  
    Cash flows from operating activities:      
    Net income $ 1,190   $ 3,008   $ 1,970  
    Adjustments to reconcile net income to net cash flows from operating activities:      
    Depreciation and amortization   291     1,136     1,087  
    Benefit for deferred income taxes   (706 )   (671 )   (59 )
    Gain on equity securities   (196 )   (367 )   (555 )
    Stock-based compensation cost   49     202     197  
    Property, plant and equipment impairment, net   77     77     (1 )
    Gain on business dispositions   —     —     (40 )
    Working capital   63     7     42  
    Other operating items, net   421     (60 )   421  
    Net cash flows provided by operating activities   1,189     3,332     3,062  
    Cash flows from investing activities:      
    Expenditures for capital assets   (353 )   (1,278 )   (1,224 )
    Proceeds from disposal of assets   58     203     208  
    Proceeds from sale of equity securities   71     92     372  
    Proceeds from business dispositions   —     —     293  
    Net cash paid for acquisitions   —     —     (301 )
    Other investing items, net   6     (33 )   (165 )
    Net cash flows used in investing activities   (218 )   (1,016 )   (817 )
    Cash flows from financing activities:      
    Repayment of long-term debt   (9 )   (143 )   (651 )
    Dividends paid   (208 )   (836 )   (786 )
    Repurchase of Class A common stock   (9 )   (484 )   (538 )
    Other financing items, net   (8 )   (64 )   (53 )
    Net cash flows used in financing activities   (234 )   (1,527 )   (2,028 )
    Effect of currency exchange rate changes on cash and cash equivalents   (37 )   (71 )   (59 )
    Increase in cash and cash equivalents   700     718     158  
    Cash and cash equivalents, beginning of period   2,664     2,646     2,488  
    Cash and cash equivalents, end of period $ 3,364   $ 3,364   $ 2,646  
    Supplemental cash flows disclosures:      
    Income taxes paid, net of refunds $ 307   $ 1,040   $ 595  
    Interest paid $ 99   $ 298   $ 309  
     

    Supplemental Financial Information

    Supplemental financial information can be found on the Company’s website at: investors.bakerhughes.com in the Financial Information section under Quarterly Results.

    Conference Call and Webcast

    The Company has scheduled an investor conference call to discuss management’s outlook and the results reported in today’s earnings announcement. The call will begin at 9:30 a.m. Eastern time, 8:30 a.m. Central time on Friday, January 31, 2025, the content of which is not part of this earnings release. The conference call will be broadcast live via a webcast and can be accessed by visiting the Events and Presentations page on the Company’s website at: investors.bakerhughes.com. An archived version of the webcast will be available on the website for one month following the webcast.

    Forward-Looking Statements

    This news release (and oral statements made regarding the subjects of this release) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, (each a “forward-looking statement”). Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,” “will,” “should,” “potential,” “intend,” “expect,” “would,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue,” “target”, “goal” or other similar words or expressions. There are many risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the Company’s annual report on Form 10-K for the annual period ended December 31,2024; and those set forth from time to time in other filings with the Securities and Exchange Commission (“SEC”). The documents are available through the Company’s website at: www.investors.bakerhughes.com or through the SEC’s Electronic Data Gathering and Analysis Retrieval system at: www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

    Our expectations regarding our business outlook and business plans; the business plans of our customers; oil and natural gas market conditions; cost and availability of resources; economic, legal and regulatory conditions, and other matters are only our forecasts regarding these matters.

    These forward-looking statements, including forecasts, may be substantially different from actual results, which are affected by many risks, along with the following risk factors and the timing of any of these risk factors:

    • Economic and political conditions – the impact of worldwide economic conditions and rising inflation; the impact of tariffs and the potential for significant increases thereto; the effect that declines in credit availability may have on worldwide economic growth and demand for hydrocarbons; foreign currency exchange fluctuations and changes in the capital markets in locations where we operate; and the impact of government disruptions and sanctions.
    • Orders and RPO – our ability to execute on orders and RPO in accordance with agreed specifications, terms and conditions and convert those orders and RPO to revenue and cash.
    • Oil and gas market conditions – the level of petroleum industry exploration, development and production expenditures; the price of, volatility in pricing of, and the demand for crude oil and natural gas; drilling activity; drilling permits for and regulation of the shelf and the deepwater drilling; excess productive capacity; crude and product inventories; liquefied natural gas supply and demand; seasonal and other adverse weather conditions that affect the demand for energy; severe weather conditions, such as tornadoes and hurricanes, that affect exploration and production activities; Organization of Petroleum Exporting Countries (“OPEC”) policy and the adherence by OPEC nations to their OPEC production quotas.
    • Terrorism and geopolitical risks – war, military action, terrorist activities or extended periods of international conflict, particularly involving any petroleum-producing or consuming regions, including Russia and Ukraine; and the recent conflict in the Middle East; labor disruptions, civil unrest or security conditions where we operate; potentially burdensome taxation, expropriation of assets by governmental action; cybersecurity risks and cyber incidents or attacks; epidemic outbreaks.

    About Baker Hughes:

    Baker Hughes (Nasdaq: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com

    For more information, please contact:

    Investor Relations

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    Media Relations

    Adrienne Lynch
    +1 713-906-8407
    adrienne.lynch@bakerhughes.com

    The MIL Network –

  • MIL-OSI: Wearable Devices Ltd. Announces Closing of $2.5 Million Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Yokneam Illit, Israel, Jan. 30, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, today announced the closing of its previously announced “reasonable best efforts” public offering with a single institutional investor for the purchase and sale of 345,000 ordinary shares, 2,155,000 pre-funded warrants, and warrants to purchase up to 2,500,000 ordinary shares, at a combined offering price of $1.00 per share and accompanying warrant (the “Offering”). The Company received aggregate gross proceeds of approximately $2.5 million, before deducting placement agent fees and other offering expenses and assuming no exercise of the warrants. The warrants have an exercise price of $1.00 per share, are exercisable immediately and expire five years from the issuance date.

    The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.

    A.G.P./Alliance Global Partners acted as the sole placement agent for the Offering.

    In connection with the Offering, the Company also agreed to amend existing warrants that were previously issued to the investor participating in the Offering to purchase up to 822,000 ordinary shares of the Company, with an exercise price of $2.50 per share. Such existing warrants have been amended to reduce the exercise price to $1.00 per share and expire five years following the closing of the Offering.

    The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File No. 333-284023), previously filed with the Securities and Exchange Commission (“SEC”), which was declared effective on January 28, 2025. The Offering was made only by means of a prospectus forming part of the effective registration statement. Copies of the preliminary prospectus and the final prospectus relating to the Offering may be obtained on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus relating to the Offering may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in this Offering, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About Wearable Devices Ltd.

    Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s innovative products, including the Mudra Band for iOS and Mudra Link for Android, enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. These groundbreaking solutions enhance gaming, and the rapidly expanding AR/VR/XR landscapes. The Company offers a dual-channel business model: direct-to-consumer sales and enterprise licensing. Its flagship Mudra Band integrates functional and stylish design with cutting-edge AI to empower consumers, while its enterprise solutions provide businesses with the tools to deliver immersive and interactive experiences. By setting the input standard for the XR market, Wearable Devices is redefining user experiences and driving innovation in one of the fastest-growing tech sectors. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate,” “will” or other comparable terms. For example, we are using forward-looking statements when we discuss the expected use of proceeds from this Offering. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024 and our other filings with the SEC, including the registration statement on Form F-1, as amended (File No. 333-284023). We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact

    Michal Efraty
    IR@wearabledevices.co.il

    The MIL Network –

  • MIL-OSI United Nations: Stressing Peacebuilding Commission’s Critical Role amid Rise in Conflicts Worldwide, Secretary-General Urges Increased, Innovative Funding to Support Its Work

    Source: United Nations General Assembly and Security Council

    Speakers Highlight Pact for Future’s Prioritization of Conflict Prevention, Mediation and Peacebuilding

    Amid escalating conflicts, widening geopolitical divisions and deepening climate crisis, the Peacebuilding Commission is “more critical than ever”, said the UN Chief, stressing that the Pact for the Future charts a course to reforming international cooperation by prioritizing prevention, mediation and peacebuilding.

    “Now we have the chance to consolidate and expand [the Commission’s] work,” said António Guterres, Secretary-General of the United Nations, recognizing its vital advisory role to the Security Council — including in the context of UN mission transitions.  He also commended its convening role within the UN and beyond, engaging civil society, the private sector, international and regional organizations and financial institutions.

    This year’s Review of the United Nations Peacebuilding Architecture offers an opportunity to strengthen the Commission’s role, he said, pointing to his recent report on Peacebuilding and Sustaining Peace, which suggests mobilizing political and financial support for nationally owned peacebuilding and prevention strategies.  

    On the issue of financing, he said the General Assembly’s approval of assessed contributions to the Peacebuilding Fund marks “an important step”. However, it is still a far cry from the “quantum leap” of $500 million per year that is needed.  Emphasizing that “voluntary contributions remain paramount”, he encouraged countries to provide additional support to the Fund.  Additionally, given the urgent and expanding needs for peacebuilding support, the Review of the Peacebuilding Architecture shall further examine how to ensure the Fund’s predictability, adequacy and sustainability by exploring innovative financing mechanisms, public-private partnerships and blended funding models.

    “We must never waver in our commitment to pursue, achieve and sustain peace,” he stated, noting that the UN’s peacebuilding architecture — in collaboration with UN country teams — is essential to help “translate aspirations into reality”.

    Following the Secretary-General’s opening remarks, the Commission adopted the body’s report on its eighteenth session, whose final version will be transmitted to the General Assembly and the Security Council for their respective annual consideration. 

    Election of Officers for Nineteenth Session

    The Commission also elected officers for its nineteenth session by acclamation, including Germany as Chair and Japan, Poland, Brazil and Morocco as Vice-Chairs.  Further, it re-elected the following countries to chair the Commission’s country-specific configurations:  Morocco, for the Central African Republic; Brazil, for Guinea-Bissau; and Sweden, for Liberia. 

    Outgoing Commission Chair Highlights 2024 Efforts to Address Peacebuilding Challenges

    As outgoing Chair of the Commission’s eighteenth session, the representative of Brazil noted the Commission’s “robust” mandate as a platform for countries seeking assistance for their peacebuilding and conflict-prevention priorities.  “Through the [Commission], political, technical and financial support can be mobilized, and real impact on the ground can be achieved,” he said.  In that context, he highlighted that the body’s work in 2024 focused on exploring “concrete peacebuilding challenges” and showcasing “what has worked, lessons learned, frustrations and challenges different countries face”. 

    He added that, during 2024, the Commission also engaged in preparation for the 2025 peacebuilding architecture review.  Expressing hope that Member States see such review “as an opportunity that should not be missed”, he urged better synergy between the Commission, the Peacebuilding Support Office and the Peacebuilding Fund. “We should also explore ways to provide adequate institutional support to the [Commission] at all levels,” he said, expressing hope that the Trusteeship Council room may one day be renamed the Peacebuilding Council room.

    Pointing out that the Security Council’s permanent members are also permanent Commission members, he expressed hope that those States will participate more in Commission meetings in the future.  “With great power comes great responsibility,” he observed.

    Incoming Commission Chair Cites Strong Focus in 2025 on National Ownership, Closer Relationship with Peacebuilding Fund and Improving Impact 

    The representative of Germany, Chair of the Commission’s nineteenth session, noted her intention to continue supporting a strong emphasis on national ownership, the body’s convening power and its “unique bridging role” across the pillars of the United Nations.  Also pointing to opportunities to improve the Commission’s coherence and efficacy, she said that she will ensure follow-up with countries after a Commission meeting, work on a closer relationship between the Commission and the Peacebuilding Fund, and make the Fund’s work more visible — “especially with a view to the first-time-ever use of assessed contributions”. 

    She also detailed her hope to strengthen evidence-based discussion and peer-to-peer learning and consider the question of peacebuilding impact — “to ensure that the work we do here in New York has an impact on people’s lives on the ground”.  Work will also be done to build on previous efforts to foster the Commission’s relationship with regional organizations, strengthen coherence within the UN and enhance cooperation with international financial institutions.  She added that a close, meaningful exchange with other UN bodies is “key”. 

    Assistant Secretary-General Says Commission Uniquely Positioned to Offer Platform for Member States 

    The Assistant Secretary-General of the Peacebuilding Commission said that, in the current context of the proliferation of conflict and violence worldwide, the Commission is “uniquely positioned” to offer a platform for Member States that wish to come to it.  She added that 2025 presents new opportunities to strengthen the Commission’s role, including by accompanying countries’ peacebuilding journey.

    Incoming Vice Commission Chairs and Chairs of Country-Specific Configurations Share Perspectives

    Incoming Vice Chairs for the nineteenth session echoed that sentiment, with the representative of Poland saying 2025 “presents itself as a truly unique and exceptional year”.  The Pact for the Future, adopted in 2024, must be made to work “in the best possible way”, he said, particularly in the context of strengthening peacebuilding and conflict prevention. 

    Morocco’s speaker stressed that the Commission should expand its geographic and thematic scope while upholding the principle of national ownership.  Underscoring the need to optimize the Commission’s collaboration with the Council and other UN organs, he called for a comprehensive approach towards sustaining peace by leveraging and utilizing each body’s unique characteristics in a mutually complementary manner.

    The representative of Morocco said he will work to promote reconciliation, post-conflict reconstruction, development and inclusive peace processes.  As Chair of the Commission’s country-specific configuration for the Central African Republic, he will continue to work to mobilize the necessary resources for organizing upcoming local elections in that country — a “crucial stage for strengthening local governance and legitimacy of the authorities”.

    Brazil’s delegate stated:  “Our region faces its own peacebuilding and conflict prevention challenges [while] developing solutions.”  Noting his country’s readiness to share lessons learned, he said “this exchange is most useful in our common task as peacebuilders”. 

    The representative of Sweden, Chair of the Commission’s country-specific configuration for Liberia, said that Liberia has made “remarkable gains over the years”.  Peaceful elections held in 2023 and the orderly transfer of power in 2024 “were true milestones”, he stressed, noting that the configuration’s focus for 2025 will be consolidating long-term peacebuilding gains in the country. Liberia, he added, “has important experiences and lessons learned” to share with the Commission, including sustaining peace, inclusive development and reconciliation.

    Commission Members Stress Need to Invest in Addressing Root Causes of Conflict and Violence

    In the ensuing discussion, Commission members underscored the need to invest in addressing the root causes of conflict and violence, adding that the Pact for the Future has gained recognition for conflict prevention as a universally shared responsibility.

    “2025 will be a crucial year for peacebuilding,” said the representative of the European Union, in its capacity as observer.  The Council has demonstrated overwhelming support for this agenda by holding two open debates on conflict prevention.  “We have collectively recognized that elaborating national prevention strategies, anchored in national ownership, should be an aspiration for all countries,” he stressed.  The peacebuilding architecture review is “an opportunity to consolidate these gains” and to further strengthen the Commission as “an institution that can act as a bridge at the UN”, he continued.  As the Commission’s biggest donors, the bloc and its member States have matched this political commitment with funding support.

    Spotlighting the Commission’s “significant achievements”, Australia’s delegate said it expanded its regional engagement, provided input into the review and facilitated the revised terms of reference for peacebuilding funding.  Underlining the need to strengthen the Commission’s engagement with his region, he said it should encourage Member States to present their peacebuilding priorities. 

    “Although, at times, we may have had divergent views on how peacebuilding should be conducted, we continue to agree on the foundational principles of peacebuilding,” said his counterpart from South Africa. Namely, that it should be nationally owned and led, context-specific and adaptable, and that more can be done to support peacebuilding in post-conflict contexts. 

    “It is high time to match the ambitions with the capacities,” said Egypt’s delegate, underscoring the need to expand resources and guarantee the Commission’s more structured cooperation with the Council.

    Colombia’s representative, noting that the Commission regularly invites her delegation to share his country’s “experience of peace”, said that doing so helps States “better elucidate a horizon of peace in other places”. The legitimacy of the UN and the future of multilateralism “depend on our capacity to tackle complex crises, contribute to peace and security and ensure a better life for our peoples”, she asserted. 

    The speaker for Bangladesh, noting that the Commission has “always” based its work on national ownership, said that the body should continue supporting local needs and national priorities “by bringing all stakeholders into the discussion”.  Further, the Commission should strengthen its advisory role to facilitate the smooth transition of peacekeeping operations, leading to long-lasting peace. 

    For his part, the Russian Federation’s representative said that the upcoming peacebuilding-architecture review “should not reinvent the wheel but, rather, use existing mechanisms”.  He also stressed that the Commission must not focus solely on conflict prevention, losing sight of countries affected by conflict and post-conflict countries.  “It is them that need the political and financial support so that crises don’t return,” he said.  Also emphasizing the need to avoid duplication of work, he observed:  “The strong suit of the UN system is the principle of division of labour between its main organs.”

    MIL OSI United Nations News –

  • MIL-OSI New Zealand: International treaty examination of the NZ – UAE Comprehensive Economic Partnership Agreement and Agreement on the Promotion and Protection of Investments

    Source: New Zealand ParliamentThe Foreign Affairs, Defence and Trade Committee is calling for submissions on its international treaty examination of the New Zealand – United Arab Emirates Comprehensive Economic Partnership Agreement, and Agreement between the Government of New Zealand and the Government of the United Arab Emirates on the Promotion and Protection of Investments.
    MIL OSI

    MIL OSI New Zealand News –

  • MIL-OSI Security: Lawton Couple Charged with Child Sex Trafficking

    Source: Office of United States Attorneys

    OKLAHOMA CITY – A federal Grand Jury has charged JACKIE ANTONIO DUNCAN, 35, and NIA HALL, 30, both of Lawton, with sex trafficking of children, sex trafficking by force, fraud, or coercion, and conspiracy to commit sex trafficking, announced U.S. Attorney Robert J. Troester. 

    According to public record, in May 2024, two juveniles ran away from a juvenile group home in Lawton, Oklahoma, and were entered into law enforcement databases as missing juveniles. One of the juveniles was located by officers with the Plano Police Department on July 16, 2024, at a motel in Collin County, Texas, where she disclosed she and the other missing juvenile had been sex-trafficked.  The juvenile told officers that after she and the other juvenile had fled the group home, they were approached by two people, later identified as Hall and Duncan, at a gas station. The juveniles began living with Hall and Duncan, who soon after transported the juveniles to various cities in Texas, where they performed sex acts for money, which Hall and Duncan kept. In return, the juveniles were provided food and shelter. The juvenile told authorities she had recently escaped Hall and Duncan’s car in the Dallas area. On September 30, 2024, the second juvenile was found and recovered in San Antonio, Texas.  She recounted a similar story of being sex-trafficked by Hall and Duncan in exchange for food and shelter. During the investigation, local and federal law enforcement reviewed sex advertisements associated with Hall. These advertisements contained photos of the juveniles.

    Public record further reflects that Hall and Duncan were arrested on December 16, 2024. On January 21, 2025, a federal Grand Jury returned a three-count Indictment against Duncan and Hall, charging them with sex trafficking of children; sex trafficking by force, fraud, or coercion; and conspiracy to commit sex trafficking. If found guilty, Hall and Duncan face up to life in federal prison and fines of up to $250,000 on each count.

    The public is reminded these charges are merely allegations, and that the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt. 

    This case is the result of an investigation by the Bureau of Indian Affairs, FBI Oklahoma City Field Office, Lawton Police Department, Choctaw Nation Lighthorse Police Department, Oklahoma Highway Patrol, Oklahoma Bureau of Narcotics & Dangerous Drugs Control, Fort Smith Police Department, Arkansas State Police, San Antonio Police Department, Plano Police Department, and Fort Worth Police Department. Assistant U.S. Attorneys Jordan Ganz and Brandon Hale are prosecuting the case.

    Reference is made to public filings for additional information.

    MIL Security OSI –

  • MIL-OSI: Ellomay Capital Announces Results of Extraordinary General Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, Jan. 30, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, today announced that at the extraordinary general meeting of the Company’s shareholders, held on January 30, 2025 (the “EGM”), the Company’s shareholders approved the terms of service and compensation of Mr. Ben Sheizaf, the Company’s Chairman of the Board.

    For more information, please see the Company’s Notice and Proxy Statement relating to the EGM, submitted on Form 6-K to the Securities and Exchange Commission on December 23, 2024.

    About Ellomay Capital Ltd.

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

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

      ● Approximately 353.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and approximately 38 MW of operating solar power plants in Italy;
         
      ● 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
         
      ● Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
         
      ● 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
         
      ● Solar projects in Italy with an aggregate capacity of 195 MW that have reached “ready to build” status; and
         
      ● Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of 49 MW that are under construction.

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

    Information Relating to Forward-Looking Statements

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

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

    The MIL Network –

  • MIL-OSI USA: Barrasso: Confirm Doug Burgum and Chris Wright to Lead America’s Golden Age of Energy Dominance

    US Senate News:

    Source: United States Senator for Wyoming John Barrasso
    WASHINGTON, D.C. – U.S. Senator John Barrasso (R-Wyo.), Senate Majority Whip, today spoke on the Senate floor ahead of confirmation votes for Governor Doug Burgum, President Donald J. Trump’s nominee to be the Secretary of the Interior, and Chris Wright, President Donald J. Trump’s nominee to be the Secretary of Energy.
    Click HERE to watch Senator Barrasso’s remarks.
    Sen. Barrasso’s remarks as prepared:
    “I rise today to talk about prices, energy, and the economy.
    “My message is simple: Unleashing American energy will help lower prices. It is essential.
    “Energy is often called the master resource. By controlling our own energy production, we control our own future.
    “Not long ago, America was the leading producer of energy in the world. President Trump made America energy independent for the first time in decades.
    “That changed in four short years under the prior administration. We went from energy dominance to energy dependence.
    “The previous administration went on a regulatory rampage. It was disastrous. The result was painfully high prices for food and for fuel.
    “Suddenly, Washington was attacking energy producers and energy workers in states like my home state of Wyoming. America found itself turning to adversaries for energy.
    “Let me ask a simple question.
    “Does anyone believe we were better off relying on dictators in China, Russia, Venezuela and Iran to power America?
    “Does anyone believe we were better off when energy prices were sky high?
    “Were Americans more prosperous?
    “The answer is no.
    “For the past four years, the previous administration treated energy as the enemy.
    “Governor Doug Burgum and Chris Wright will treat American energy as the God-given blessing it is.
    “Available, affordable, reliable, American energy is an asset.
    “Energy is the source of American strength. It is a solution to bring down painfully high prices.
    “America is an energy superpower. We should act like it.
    “Working together, Governor Burgum and Chris Wright will be a powerhouse energy team.
    “Governor Burgum grew up in Arthur, North Dakota – population: 400.
    “He studied business at Stanford University. He built Great Plains, a software company, into a global public company.
    “As Governor of North Dakota for the last 8 years, he drove his state’s transformation into an energy and technology leader.
    “Instead of blocking energy production, he invited and incentivized companies to operate in North Dakota. In turn, his state produced more and more energy.
    “In his Senate hearing, Governor Burgum explained this success.
    “He said, ‘We live in a time of tremendous abundance, and we can access that abundance by prioritizing innovation over regulation.’
    “He is spot on.
    “I questioned Governor Burgum in the Energy and Natural Resources Committee.
    “We have more than 600,000 acres of federal land in Wyoming that were previously approved for energy production.
    “The previous administration never offered those acres for lease.
    “It also blocked using land even though energy explorers purchased the right to that land over 4 years ago.
    “I am glad Governor Burgum committed to quickly address this issue. He will take the common-sense action of unlocking our lands for oil and gas production.
    “Chris Wright is also an innovative leader.
    “He studied nuclear fusion at the Massachusetts Institute of Technology. He then worked in solar and geothermal engineering.
    “At Liberty Energy – a fracking company he founded and where he is currently the CEO – Wright’s creative, data-driven leadership kickstarted the American fracking revolution.
    “What I like most about Mr. Wright is that he tells the truth about energy production.
    “He acknowledges climate change is real. He knows more American energy is the solution, not the problem. His energy realism is welcomed news.
    “When I spoke with Mr. Wright in the Energy and Natural Resources Committee, we agreed about the need for an all-of-the-above energy strategy,including nuclear energy.
    “Mr. Wright agrees with me that it is not in America’s best interest to be dependent on imported uranium from Russia.
    “Congress passed my legislation to ban the import of Russian uranium in the United States. The Secretary of Energy has discretion to provide waivers to companies to import Russian uranium.
    “I am pleased that Mr. Wright committed to using these waivers only in very limited and extreme circumstances.
    “He also pledged to work with us to end uranium imports from Communist China.
    “These are positive steps towards rebuilding America’s nuclear supply.
    “Both Governor Burgum and Mr. Wright are optimistic about America’s energy future.
    “I strongly support them. They are America’s energy all stars.
    “They have laid out an inspiring vision for lowering prices, building up our energy supply, and dealing with our adversaries from a position of strength.
    “Later today, the Senate will vote to confirm Governor Burgum. Chris Wright’s confirmation will soon follow. They deserve strong support here in the Senate.
    “With their leadership, the age of climate alarmism is over. The golden age of American energy dominance is here.”

    MIL OSI USA News –

  • MIL-OSI USA: Welch Speaks on the Senate Floor About the Ceasefire in Gaza

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) last night took to the Senate floor to express his relief by the announcement of a ceasefire in Gaza and stress the importance of creating a viable, secure, independent, and demilitarized Palestinian state.  
    Senator Welch emphasized that there is no solution that offers lasting peace, and continued U.S. support, other than two independent states. 
    Watch Senator Welch’s speech below: 
    Senator Welch’s remarks, as delivered, can be read here and below: 
    “Like all of us I was enormously relieved by the announcement of a ceasefire in Gaza, the gradual release of hostages, and a surge in humanitarian aid for the two million desperate Palestinians who are trapped inside Gaza.   
    “Despite the daunting challenges ahead and the many factors that could derail negotiations to implement Stage Two of the agreement, I’m cautiously hopeful that this could be the beginning of the end of a war that has traumatized millions of Palestinians and Israelis for more than 16 months.   
    “There will come a time for the accounting of the conduct of the war, which has caused such appalling loss of Palestinian and Israeli lives, including tens of thousands of children, of health workers, aid workers, and journalists, and massive destruction of property, including practically every hospital, every school, and university in Gaza. These things must not be forgotten, and that means investigating and holding people accountable under the laws of war.     
    “But today, I want to speak briefly on an issue that is key to the lasting peace between Palestinians and Israelis that we seek. And that is the creation of a viable, secure, independent, and demilitarized Palestinian state. 
    “The war in Gaza was triggered, of course, by the merciless slaughter on October 7, 2023, of 1,200 innocent Israelis, Americans and others, and the abduction of some 250 hostages, many of whom have died.  But as we all know, the Middle East conflict began many decades earlier. And some would say centuries ago. Ethnic hatred and religious intolerance passed down from one generation to the next have fueled seemingly endless violence perpetrated by extremists on both sides. And it’s created a chronic state of insecurity for Israelis, and insecurity and humiliation, poverty, and hopelessness for Palestinians.  
    “In the West Bank, Israel’s ever-expanding settlement construction—in violation of UN resolutions and contrary to U.S. policy—has created a patchwork of separate and unequal enclaves and illegal outposts, provoking frequent acts of deadly violence by Israeli settlers and also by Palestinian extremists.  
    “Gaza, with the overt support of the Netanyahu government, became an open-air prison for two million impoverished Palestinians dependent on international aid and under the ruthless control of Hamas.   
    “And throughout this period, the wealthy Arab states have called for a Palestinian state. But they have expended minimal political capital or resources in furtherance of that goal. A lot of talk, very little action. 
    “Successive Palestinian leaders have squandered opportunities to make necessary political and economic reforms, while Mr. Netanyahu has worked to create conditions on the ground that would actually make a Palestinian state impossible. 
    “Despite this grim reality—and it is a grim reality—the attention focused on the remarkable life of President Jimmy Carter after his death on December 29th, reminded us that even in the most difficult circumstances peace is possible between long-standing enemies. It happened. But that possibility depends on the quality of leadership. 
    “If there ever were a time when the leaders of Israel, the Palestinian Authority, their Arab neighbors, and the United States should put the interests of regional peace and economic cooperation and development, including an independent Palestinian state, over personal and political ambition—it is now. It is now. 
    “Gaza is in ruins. Hamas and Hezbollah—still a threat—pose less of a threat than at any time in recent history. The horrific Assad regime is gone. Iran is also weaker. Most Israelis, Palestinians, Lebanese, Syrians want peace. But given the absence of visionary and courageous leaders in Israel and the Palestinian Authority, the possibility that a path to a Palestinian state will emerge really does depend on the Trump Administration using its diplomatic influence far more forcefully and effectively than previous U.S. administrations—including the first Trump Administration—were willing to do.   
    “We’ve got to act. And it will require the same of Congress, which in the past has restricted itself to enacting tighter and tighter sanctions on the Palestinians causing increasing desperation and resentment for innocent Palestinians, while at the same time, opposing any incentives on Israel to stop settlement construction and settler violence. 
    “There are those who believe that because of Israel’s construction of settlements, walls, fences, separate highways, factories, and farms in the West Bank, that the West Bank and Gaza can never be reconfigured into a viable Palestinian state. Having seen a current map of the West Bank, I can certainly understand that. 
    “But others reject the very idea of a Palestinian state as incompatible with Israel’s security, without proposing any alternative that would preserve Israel as a democracy in which all its citizens, regardless of ethnicity; religion, have equal rights. Given Hamas’ horrific attack on October 7th, I can also easily understand that. 
    “Then, on January 25th, President Trump called for “cleaning out” of Gaza, suggesting that a million and half Palestinians should be resettled in Jordan and Egypt. And you know, seriously, there’s just so many things wrong and unrealistic with that reprehensible and unworkable idea that it barely deserves a response, beyond the predictable and immediate repudiation by all those who would be impacted. It’s not serious. 
    “But to me, as elusive as it may seem, there really is no solution that offers lasting peace, and continued U.S. support, other than two independent states—Israel and Palestine, side-by-side. A Palestinian state will only be possible if both sides are pressured to make the difficult compromises both sides they so far refused to make. And only the United States and our heretofore reluctant Arab allies can exert the kind of pressure that’s necessary to bring people to an agreement. 
    “Mr. President, there have been far too many missed opportunities and disappointments since the Oslo and Camp David Accords, and far too much needless death and destruction resulting from the unchecked ambitions of leaders motivated by their worst instincts. History will judge us whether we seize this moment to finally chart a different course. A course that does enable Israelis and Palestinians to finally accept that there is no turning back the clock, that both are there to stay, and that as many Palestinian and Israeli neighbors have shown throughout years of conflict and loss, they have far more in common than their differences.  
    “Mr. President, I yield back.” 

    MIL OSI USA News –

  • MIL-OSI: Diamondback Energy, Inc. Announces Drop Down Transaction

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, Jan. 30, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that it has entered into a definitive purchase agreement with Viper Energy, Inc. (“Viper”), a subsidiary of Diamondback, to sell certain mineral and royalty interests from subsidiaries of Diamondback for $1 billion in cash and approximately 69.6 million units of Viper’s operating subsidiary (“OpCo”, and such units the “OpCo Units”) in a drop down transaction (“Drop Down”). The tax advantaged OpCo units, which will be issued together with an equal number of shares of Class B common stock of Viper, are exchangeable for shares of Class A common stock of Viper.

    Based on the volume weighted average sales price of Viper’s common stock for the 30-trading day period ending on January 24, 2025 of $49.55, the transaction is valued at a total of $4.45 billion. Viper expects to fund the cash portion of this transaction through a combination of cash on hand, borrowings under Viper’s credit facility, and proceeds from one or more capital markets transactions, subject to market conditions and other factors.

    “This Drop Down transaction with Viper is a major milestone in the continued synergy capture and execution of corporate development objectives related to the Endeavor transaction,” stated Travis Stice, Chairman and Chief Executive Officer of Diamondback. “Additionally, the Drop Down will accelerate debt reduction and increase Diamondback’s exposure to Viper’s differentiated growth profile and market-leading minerals position.”

    Timing and Approvals

    Diamondback expects the transaction to close in the second quarter of 2025, subject to the satisfaction of customary closing conditions and approval of the transaction by Viper’s stockholders.

    Advisors

    RBC Capital Markets is serving as financial advisor to Diamondback. Kirkland & Ellis LLP is acting as legal advisor to Diamondback.

    Evercore is acting as financial advisor to the Audit Committee of Viper’s Board of Directors. Hunton Andrews Kurth LLP is acting as legal advisor to Viper’s Audit Committee.

    About Diamondback

    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 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 Drop Down transaction and other acquisitions or divestitures); and plans and objectives of management (including plans for future cash flow from operations) 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-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.

    Additional Information about the Drop Down and Where to Find It

    In connection with the Drop Down, Viper expects to file relevant materials with the SEC including a proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, Viper will mail the definitive proxy statement to each Viper stockholder entitled to vote at the special meeting relating to the Drop Down. This document is not a substitute for the proxy statement or for any other document that Viper may file with the SEC and send to its stockholders in connection with the Pending Drop Down. INVESTORS AND STOCKHOLDERS IN VIPER ARE URGED TO CAREFULLY READ THE VIPER PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY DOCUMENTS INCORPORATED BY REFERENCE THEREIN) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE DROP DOWN THAT VIPER WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION AND THE PARTIES TO THE TRANSACTION. The definitive proxy statement, the preliminary proxy statement, and other relevant materials in connection with the Drop Down (when they become available) and any other documents filed by Viper with the SEC, may be obtained free of charge at the SEC’s website www.sec.gov. Copies of the documents filed with the SEC by Viper will be available free of charge on Viper’s website at www.viperenergy.com/investors.

    Participants in the Solicitation

    Viper and its directors and executive officers, and Diamondback as its parent and major stockholder, may be deemed, under SEC rules, to be participants in the solicitation of proxies from Viper’s stockholders in connection with the Drop Down. Information about the directors and executive officers of Viper and, as applicable, about Diamondback, is set forth in (i) in Viper’s proxy statement for its 2024 annual meeting, including under the headings “Proposal 1—Election of Directors”, “Executive Officers”, “Compensation Discussion and Analysis”, “Compensation Tables”, “Stock Ownership” and “Certain Relationships and Related Transactions,” which was filed with the SEC on April 25, 2024 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1602065/000119312524113976/d796418ddef14a.htm, (ii) Viper’s Annual Report on Form 10-K for the year ended December 31, 2023, including under the headings “Item 10. Directors, Executive Officers and Corporate Governance”, “Item 11. Executive Compensation”, “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” and “Item 13. Certain Relationships and Related Transactions, and Director Independence”, which was filed with the SEC on February 22, 2024 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1602065/000160206524000010/vnom-20231231.htm and (iii) subsequent statements of changes in beneficial ownership on file with the SEC.

    Additional information about Diamondback may be found in Diamondback’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 22, 2024, and subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed by Diamondback with the SEC. These documents may be obtained free of charge from the SEC’s website at www.sec.gov and Diamondback’s website at www.diamondbackenergy.com/investors.

    Additional information regarding the participants in the proxy solicitation and a description of their direct or indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials filed by Viper with the SEC when they become available. These documents may be obtained free of charge from the SEC’s website at www.sec.gov and Viper’s website at www.viperenergy.com/investors.

    No Offer or Solicitation

    This document does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    Diamondback Investor Contact:

    Adam Lawlis
    +1 432.221.7467
    alawlis@diamondbackenergy.com

    The MIL Network –

  • MIL-OSI New Zealand: Signs of hope as Whangamarino Wetlands bounces back from fire

    Source: Department of Conservation

    Date:  31 January 2025

    The good news comes just ahead of World Wetlands Day, which celebrates and raises awareness of the significant role wetlands play for the planet and people. This year’s theme is protecting wetlands for our common future.

    Aotearoa has seven Ramsar-listed wetlands, recognised as internationally significant sites, including Whangamarino Wetland in Waikato.

    The October fire burned through about 1000 hectares of the peatland, one of the few remaining raised peatlands in the southern hemisphere. It stores a significant amount of carbon in its soils, and is home to rare native plants and threatened species like the matuku-hūrepo/Australasian bittern and pūweto/spotless crake.

    DOC Whangamarino Ranger Lizzie Sharp says thanks to relatively high water levels in the peatland before the fire, only a shallow layer of the peat soils was burned.

    “The wetland is showing signs of hope. The peatland areas of Whangamarino were healthy before the fire as it wasn’t being actively drained and had good vegetation cover dominated by native plants, so we’re more confident about its recovery.”

    “Although this is great news, the fire has still caused significant damage to the vegetation and upper layers of the wetland, resulting in loss of 1000ha of critical habitat for threatened species. The loss of biodiversity caused by the fire will likely take decades to recover.

    It’s like the peat bog has lost its skin. It is still vulnerable and losing water more easily than it should. The new conditions are inviting for weeds like willow, royal fern, and pampas.”

    Lizzie says the recovery plan will focus on controlling invasive weeds which will give the native peat vegetation time to recover from their seed sources which survived the fire.

    “Peat bog wetlands are normally low-nutrient environments and the plants living there have adapted to those conditions. The firefighting effort used water from nearby waterways which had much higher nutrient levels, so we want to understand how the wetland responds to this.”

    DOC Principal Science Advisor Freshwater Hugh Robertson says other peatland fires in New Zealand have emitted more than 200 tonnes of carbon per hectare, but the loss of carbon at Whangamarino is likely to be only about 50-80 tonnes per hectare because the wet peat soils did not burn. However, further research is needed to confirm the carbon emissions.

    “Peatlands are great carbon stores because the vegetation in them, which holds the carbon, decomposes very slowly, trapping it. It’s like the vegetation freezes in time.

    “However, peat soils are highly flammable, particularly when they’re dried out. Re-wetting our wetlands will make them less susceptible to the impacts of fires which in turn will reduce greenhouse gas emissions,” Hugh says. 

    World Wetlands Day, celebrated annually on 2 February, dates back to 1971 when environmentalists gathered in the city of Ramsar, Iran, to reaffirm protection for our world’s wetlands.

    The day highlights the influence and positive production wetlands have on the world and brings communities together for the benefit of wetlands. It also raises global awareness of the significant role wetland’s play for the planet and people.  

    Contact

    For media enquiries contact:

    Email: media@doc.govt.nz

    MIL OSI New Zealand News –

  • MIL-OSI Banking: 🇮🇱 Zion Oil & Gas Update: January 30, 2025

    Source: Zion Oil and Gas

    Headline: Zion Oil & Gas Update: January 30, 2025

    January 30, 2025

    Dear Zion Shareholders and Supporters,

    We are pleased to bring you the latest update as we continue progressing toward the next critical phase of operations at our Megiddo-Jezreel #1 (MJ-01) well.

    As we have previously shared, logistical and geopolitical challenges necessitated an operational pause at the wellsite over recent months. Thankfully, we are preparing to launch our targeted re-completion work on the MJ-01 well in Q1 as expected. Our rig crew is informed and scheduled to arrive in Israel in the latter part of February to commence rig startup procedures. This includes minor repairs and maintenance, as well as drilling out the temporary plug that has been sealing MJ-01 during the pause. Once this work is complete, the team will focus on preparing both the location and the wellbore for the upcoming recompletion operation.

    While our crew carries out these preparations, the necessary stimulation, well testing, and nitrogen equipment will be transported from various locations in Europe to Israel. Based on current projections, we anticipate receiving this equipment on-site in March, subject to final availability and shipping schedules.

    Following equipment arrival, our plan is to proceed with rigging up, setting a bottom plug, and installing a swell plug, which is an essential step to isolate the targeted zone of interest. Once the plug has properly set, we will run in hole with the stimulation equipment, stimulate the zones, and initiate flowback operations.

    Flowback duration will depend on well response; if all key components come together as expected, we anticipate completing these operations in early Q2.

    While there are always variables in an operation of this nature, our team remains optimistic about the timeline and continues working diligently to achieve success.

    As always, we deeply appreciate your ongoing support and prayers. We remain steadfast in our mission and will continue to provide updates as we progress.

    Warm regards,
    Rob Dunn
    CEO
    Zion Oil & Gas, Inc.

    I waited patiently for the Lord; And He inclined to me and heard my cry.”
    Psalm 40:1 NASB

    “Then they said, “Let us arise and build.” So they put their hands to the good work.”
    Nehemiah 2:18b NASB

    MIL OSI Global Banks –

  • MIL-OSI Europe: Answer to a written question – EU funding for the UNRWA, links to terrorism and the need for investigation and alternatives – E-002052/2024(ASW)

    Source: European Parliament

    The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) has been providing life-saving services in Gaza and across the region in line with the mandate adopted by the UN General Assembly[1]. The European Council reaffirmed repeatedly that these services were essential[2].

    Following the very serious allegations against several UNRWA staff regarding their possible involvement in the 7 October 2023 terrorist attacks, the Commission reviewed its funding decision for UNRWA.

    The Commission has engaged with UNRWA’s Commissioner General and welcomed his commitment to tackle the serious issues at stake, including through the adoption of an Action Plan to implement the recommendations of the Independent Review Group (IRG)[3], and the swift follow up on the UN Office of Internal Oversight Service report on the allegations against UNRWA’s staff[4].

    Upon fulfilment by UNRWA of the conditions agreed for the 2024 EU funding, the Commission disbursed in three tranches a total of EUR 82 million, the last of which in October 2024.

    Additionally, a top-up of EUR 10 million was disbursed on 20 December 2024, following progress by the Agency on the implementation of the recommendations of the IRG and of the EU system Audit.

    In accordance with the Financial Regulation[5], all relevant agreements concluded with recipients of EU funds include tools to ensure the sound financial management of the EU budget. Entities implementing EU funds also need to comply with EU restrictive measures[6]. Furthermore, as a follow up of the review of funding to Palestine[7], some of safeguards have been further reinforced[8].

    There is no role for the EU Agency for asylum — which assists Member States in applying laws related to asylum, international protection and reception conditions — in providing support to refugees from Palestine.

    • [1] https://www.unrwa.org/content/general-assembly-resolution-302
    • [2] https://www.consilium.europa.eu/media/70880/euco-conclusions-2122032024.pdf; https://www.consilium.europa.eu/media/2pebccz2/20241017-euco-conclusions-en.pdf
    • [3] https://www.unrwa.org/resources/reports/colonna-report-and-action-plan
    • [4] https://www.un.org/unispal/document/unrwa-investigation-statement-05aug24/
    • [5] Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (recast), OJ L, 2024/2509, 26.9.2024.
    • [6] Article 215 of the Treaty on the Functioning of the European Union.
    • [7] This designation shall not be construed as recognition of a State of Palestine and is without prejudice to the individual positions of the Member States on this issue.
    • [8] https://neighbourhood-enlargement.ec.europa.eu/system/files/2023-11/Communication%20to%20the%20Commission%20on%20the%20review%20of%20ongoing%20financial%20assistance%20for%20Palestine.pdf

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Designation of the Port of Licata under Regulation (EC) No 1005/2008 – E-000266/2025

    Source: European Parliament

    Question for written answer  E-000266/2025
    to the Commission
    Rule 144
    Giuseppe Antoci (The Left)

    The Port of Licata is located on the south-west coast of Sicily, very close to the countries of North Africa (Egypt, Libya, Tunisia, Algeria), with a high number of fishing vessels.

    The port plays a vital role in supporting the local economy and ensuring compliance with the European regulations on safety and sustainable fisheries.

    In addition, it is equipped with the facilities and equipment needed to carry out maintenance work on fishing vessels of all categories.

    Designating the Port of Licata an authorised port for landings and transhipment operations of fishery products, within the meaning of Article 5 of Regulation (EC) No 1005/2008, would not only ensure efficient vessel maintenance, but would, above all, support businesses and workers, both direct and indirectly.

    The decision on which ports to designate lies with the Member States, which have to send the Commission an updated list of those ports each year.

    In view of the above:

    • 1.Have the Italian authorities already informed the Commission of the designated ports under Article 5 of Regulation (EC) No 1005/2008 for 2025?
    • 2.In light of the Port of Licata’s characteristics and infrastructures, does the Commission consider it suitable for inclusion in the list of designated ports under Regulation (EC) No 1005/2008?

    Submitted: 22.1.2025

    Last updated: 30 January 2025

    MIL OSI Europe News –

  • MIL-OSI: Enlight to Report Fourth Quarter and Full Year 2024 Financial Results on Wednesday, February 19, 2025

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, Jan. 30, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy Ltd. (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, today announced it will release its financial results for the fourth quarter and full year ended December 31, 2024, before market open on Wednesday, February 19, 2025.

    Conference Call Information

    Enlight will host a conference call to review its financial results and business outlook at 8:00 AM ET on Wednesday, February 19, 2025. Management will deliver prepared remarks followed by a question-and-answer session. Participants can join by conference call or webcast:

    Conference Call

    Please pre-register to join by conference call:
    https://register.vevent.com/register/BI9b595c26a5dc4208953cad5b9bb5f4e8
    Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN.

    Webcast

    Please register and join by webcast: https://edge.media-server.com/mmc/p/74sp8fv8

    The press release with the financial results as well as the investor presentation materials will be accessible from the Company’s website prior to the conference call. Approximately one hour after completion of the live call, an archived version of the webcast will be available on the Company’s investor relations website at https://enlightenergy.co.il/info/investors/.

    About Enlight

    Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its US IPO (NASDAQ: ENLT) in 2023. Learn more at enlightenergy.co.il.

    Investor Contact

    Yonah Weisz
    Director IR
    investors@enlightenergy.co.il

    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    +1 617 542 6180
    investors@enlightenergy.co.il

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; the potential impact of the current conflicts in Israel on our operations and financial condition and Company actions designed to mitigate such impact; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

    These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network –

  • MIL-OSI: Baker Hughes Secures Significant Gas Technology Order for Third Expansion Phase of Aramco’s Jafurah Gas Field

    Source: GlobeNewswire (MIL-OSI)

    • Contract awarded by Tecnicas Reunidas for six gas compression trains and six propane compressors, including balance of plants and auxiliaries
    • State-of-the-art technologies to support third expansion phase of the largest unconventional gas field in Saudi Arabia

    HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it has been awarded an order by Tecnicas Reunidas for six gas compression trains and six propane compressors, for the third expansion phase of Aramco’s Jafurah gas field, located in the Kingdom of Saudi Arabia. The order was booked in the fourth quarter of 2024.

    Building on its broad experience in providing technology solutions for the entire natural gas value chain, Baker Hughes will supply state-of-the-art electric motor driven compression solutions, leveraging its recently expanded Damman Center in Dammam, Saudi Arabia. This order adds to Baker Hughes’ long-standing partnership with Aramco, which includes the supply of compression solutions for the Haradh and Hawiyah gas plants, first phase of the Jafurah gas plant and gas compression facilities, and more recently, equipment for the third phase of Saudi Arabia’s Master Gas System project.

    “Gas continues to serve as a vital source of reliable, abundant and lower-carbon energy,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “Our advanced gas compression technology will enable efficient and reliable production from the Jafurah field, further supporting Aramco’s vision and contributing to Saudi Arabia’s energy development.”

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Media Relations
    Chiara Toniato
    +39 3463823419
    chiara.toniato@bakerhughes.com

    Baker Hughes Investor Relations
    Chase Mulvehill
    +1 346-297-2564
    investor.relations@bakerhughes.com

    The MIL Network –

  • MIL-OSI USA: Fact Sheet: President Donald J. Trump Takes Forceful and Unprecedented Steps to Combat Anti-Semitism

    US Senate News:

    Source: The White House
    COMBATING ANTI-SEMITISM IN THE UNITED STATES: Today, President Donald J. Trump signed an Executive Order to Combat Anti-Semitism.
    Expanding on his Executive Order 13899, President Trump’s new Order takes forceful and unprecedented steps to marshal all Federal resources to combat the explosion of anti-Semitism on our campuses and in our streets since October 7, 2023.
    Every Federal executive department and agency leader will review and report to the White House within sixty days on all criminal and civil authorities and actions available for fighting anti-Semitism.
    Immediate action will be taken by the Department of Justice to protect law and order, quell pro-Hamas vandalism and intimidation, and investigate and punish anti-Jewish racism in leftist, anti-American colleges and universities.
    The Order demands the removal of resident aliens who violate our laws.
    GOING ON OFFENSE TO ENFORCE LAW AND ORDER AND TO PROTECT CIVIL RIGHTS: Immediately after the jihadist terrorist attacks against the people of Israel on October 7, 2023, pro-Hamas aliens and left-wing radicals began a campaign of intimidation, vandalism, and violence on the campuses and streets of America.
    Celebrating Hamas’ mass rape, kidnapping, and murder, they physically blocked Jewish Americans from attending college classes, obstructed synagogues and assaulted worshippers, and vandalized American monuments and statues.
    The Biden Administration turned a blind eye to this coordinated assault on public order; it simply refused to protect the civil rights of Jewish Americans, especially students. According to a December 2024 U.S. House of Representatives Staff Report on anti-Semitism, “the failure of our federal government departments and agencies is astounding.”
    PRESIDENT TRUMP KEEPS HIS PROMISES AND BUILDS ON HIS SUCCESS: In his first term, President Trump kept his biggest promises:
    He moved the American Embassy in Israel to Jerusalem: After decades of broken promises and despite much criticism, President Trump was the President who finally kept his commitment to Israel to move the American embassy from Tel-Aviv to Israel’s true and rightful capital: Jerusalem.
    He established the Abraham Accords: President Trump delivered the greatest breakthrough for peace in the Middle East in decades by brokering the normalization of ties between Israel and the United Arab Emirates, Bahrain, Sudan, and Morocco, protecting Israel and Jews and spreading security and prosperity to the entire region.
    Now, President Trump has promised that the Federal Government will:
    Protect the civil rights of our Jewish citizens: “My promise to Jewish Americans is this: With your vote, I will be your defender, your protector, and I will be the best friend Jewish Americans have ever had in the White House.”
    Aggressively enforce the law, protect public order, and prosecute anti-Semitic crimes: “I will issue clear orders to my Attorney General to aggressively prosecute terroristic threats, arson, vandalism and violence against American Jews.”
    Deport Hamas Sympathizers and Revoke Student Visas: “To all the resident aliens who joined in the pro-jihadist protests, we put you on notice: come 2025, we will find you, and we will deport you. I will also quickly cancel the student visas of all Hamas sympathizers on college campuses, which have been infested with radicalism like never before.”

    MIL OSI USA News –

  • MIL-OSI USA: DEQ issues six penalties in December for environmental violations

    Source: US State of Oregon

    tatewide, Ore. — The Oregon Department of Environmental Quality issued six penalties totaling $488,874 in December for various environmental violations. A detailed list of violations and resulting penalties is at https://ordeq.org/enforcement.

    Fines ranged from $5,050 to $372,600. Alleged violations included a wastewater treatment and disposal system that exceeded pollution limits and discharged wastewater to a creek when not permitted to, a hazardous waste treatment and disposal facility that failed to properly treat hazardous waste prior to disposing it and a fuel products transloading company that modified its facility and operated that change without authorization from DEQ.

    DEQ issued civil penalties to the following organizations:

    • Chemical Waste Management, Arlington, $49,200, hazardous waste.
    • City of Junction City, Junction City, $5,050, wastewater.
    • City of Lebanon, Lebanon, $33,800, wastewater.
    • Container Management Services, LLC, Portland, $21,224, hazardous waste.
    • HempNova Lifetech Corp., Central Point, $7,000, hazardous waste.
    • Zenith Energy Terminal Holdings, LLC, Portland, $372,600, air quality permitting. Learn more about this case by reading the press release DEQ issued on Dec. 6, 2024.

    Recipients of DEQ civil penalties must either pay the fines to the state treasury or file an appeal within 20 days of receiving notice of the penalty. They may be able to offset a portion of a penalty by funding a supplemental environmental project that improves Oregon’s environment. Learn more about these projects at https://ordeq.org/sep.

    Penalties may also include orders requiring specific tasks to prevent ongoing violations or additional environmental harm.

    DEQ works with thousands of organizations and individuals to help them comply with laws that protect Oregon’s air, land and water. DEQ uses education, technical assistance, warnings and penalties to change behavior and deter future violations.

    Media contact: Michael Loch, public affairs specialist, michael.loch@deq.oregon.gov, 503-737-9435.

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    MIL OSI USA News –

  • MIL-OSI USA: Cortez Masto, Cornyn Introduce Bipartisan Legislation to Eliminate Tax Breaks for Businesses Dealing in Russia

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – Today, U.S. Senators Catherine Cortez Masto (D-Nev.) and John Cornyn (R-Tex.) introduced bipartisan legislation to prevent businesses from claiming a foreign tax credit or deduction against taxes paid to fund the Russian government’s war machine. Currently, businesses paying taxes in foreign countries are eligible to claim a tax credit or deduction in the United States to reduce the burden of double taxation. There are certain hostile countries to which this tax credit does not apply, including North Korea and Iran, and Cortez Masto’s HONOR Act would add Russia to that list.

    In September 2023, Russia President Vladimir Putin illegally suspended the U.S-Russia Tax Treaty. Following a letter from Senators Cortez Masto and Cornyn, the United States Department of the Treasury retaliated by suspending benefits for Russian businesses and investors. The HONOR Act would take this suspension one step further and prevent businesses funding Putin’s illegal war in Ukraine from receiving tax breaks in the United States. This bill would ensure U.S. taxpayers are not subsidizing Putin’s oppressive government.

    “We should not be giving tax breaks to businesses that are funding the Putin regime. It’s that simple,” said Senator Cortez Masto. “This bipartisan legislation expands upon current Treasury Department policy, holds Russia accountable for its criminal activity in Ukraine, and protects American national security.”

    “Businesses that continue to engage with Russia are enriching Putin’s oppressive regime,” said Senator Cornyn. “This commonsense bill would force these businesses to give up their foreign tax credits and deductions for taxes paid to Russia, which subsidize the Russian war apparatus.”

    Senator Cortez Masto has consistently advocated for the U.S. to stand up to Russian aggression and support Ukrainian sovereignty. She has voted to pass bipartisan legislation to support Ukraine and helped pass bipartisan economic sanctions that were signed into law to hold Russia accountable for its illegal invasion of Ukraine. She voted in support of sanctions against Russia and its Nord Stream 2 pipeline, and she supported similar sanctions in the 2020 and 2021 National Defense Authorization Acts.  

    MIL OSI USA News –