Category: Politics

  • MIL-OSI: Ready Capital Corporation Announces Closing of $220.0 Million of Senior Secured Notes

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 24, 2025 (GLOBE NEWSWIRE) — Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that on February 21, 2025, ReadyCap Holdings, LLC (“ReadyCap”), an indirect subsidiary of the Company closed a private placement of $220.0 million in aggregate principal amount of its 9.375% Senior Secured Notes due 2028 (the “Notes”). The Notes are senior secured obligations of ReadyCap. Payments of the amounts due on the Notes are fully and unconditionally guaranteed (the “Guarantees”), at issuance, by the Company, Ready Capital Partners I, LLC, Ready Capital Subsidiary REIT II, LLC (“SubREIT II”), RCSR I Investments, LLC (“RCSR I”), RCSR II Investments, LLC (“RCSR II”) and RCSR I Intermediate Holdings, LLC (collectively, the “Guarantors”). ReadyCap’s and the Guarantors’ respective obligations under the Notes and the Guarantees are secured by a first-priority lien on the assets of RCSR I and RCSR II and the capital stock of RCSR I, RCSR II, SubREIT II and certain other subsidiaries of the Company.

    The Company intends to use the net proceeds from the private placement to repay its indebtedness and for general corporate purposes.

    Piper Sandler & Co. acted as the placement agent for the offering. Alston & Bird LLP served as counsel for the Company, and Ropes & Gray LLP served as counsel for the placement agent.

    The Notes and the Guarantees will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act of 1933, as amended, or any state securities laws.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any sale of the Company’s securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

    About Ready Capital Corporation

    Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner occupied commercial real estate loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program and government guaranteed loans focused on the United States Department of Agriculture. Headquartered in New York, New York, the Company employs approximately 500 professionals nationwide. The Company is externally managed and advised by Waterfall Asset Management, LLC.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. Words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” “potential” or the negative of those terms or other comparable terminology are intended to identify forward-looking statements. These forward-looking statements include statements relating to, among other things, the expected use of the net proceeds from the private placement. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions, many of which are beyond the control of the Company, including, without limitation, the risk factors and other matters set forth in the Company’s Annual Report on Form 10–K for the year ended December 31, 2023 filed with the SEC and in its other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

    Contacts:
    Investor Relations
    Ready Capital Corporation
    212-257-4666
    InvestorRelations@readycapital.com

    The MIL Network

  • MIL-OSI: Rigetti Computing to Report Fourth Quarter 2024 Financial Results and Host Conference Call on March 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    BERKELEY, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release fourth quarter 2024 results on March 5, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

    Key details regarding the call are as follows:

    Call Date: Wednesday, March 5, 2025
    Call Time: 5:00 p.m. ET / 2:00 p.m. PT
    Webcast Link: https://edge.media-server.com/mmc/p/5jaikwa8/
    Live Call Participant Link: https://register.vevent.com/register/BIc3642ee5e70e4bea9d3311a88c4e128a

    Webcast Instructions
    You can listen to a live audio webcast of the conference call by visiting the “Webcast Link” above or the “Events & Presentations” section of the Company’s Investor Relations website at https://investors.rigetti.com/. A replay of the conference call will be available at the same locations following the conclusion of the call for one year.

    Live Call Participant Instructions
    To participate in the live call, you must register using the “Live Call Participant Link” above. Once registered, you will receive dial-in numbers and a unique PIN number. When you dial in, you will input your PIN and be routed into the call. If you register and forget your PIN, or lose the registration confirmation email, simply re-register to receive a new PIN.

    About Rigetti
    Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti’s 9-qubit Novera™ QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer’s existing cryogenic and control systems. The Company’s proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Learn more at www.rigetti.com.

    Rigetti Computing Media Contact:
    press@rigetti.com
    Rigetti Computing Investor Relations Contact:
    IR@Rigetti.com

    The MIL Network

  • MIL-OSI New Zealand: Report highlights urgent need for “life-changing” free dental care

    Source: Green Party

    ActionStation’s Oral Healthcare report, released today, paints a dire picture of unmet need and inequality across the country, highlighting the urgency of free dental care for all New Zealanders.

    “Quality dental care isn’t a luxury, it’s a human right. It’s time we treat it like one,” says Green Party co-leader Hon Marama Davidson.

    “For decades, successive governments have chosen to exclude dental care from the public health system. This is a political choice–and different choices can be made. No one should have to suffer because they can’t afford to see a dentist. 

    “The findings reveal that almost half of New Zealanders report unmet need for dental care, with higher rates still for Māori (54.1 per cent), Pasifika (57.2 per cent), those with disabilities (53.1 per cent) and those aged between 25 and 34 (57.2 per cent).

    “Cost is the single biggest barrier in accessing quality dental care. That forces people to make impossible choices: skipping other essential healthcare, being unable to pay for food, power or rent to instead pay for basic care, or even resorting–harrowing details of which we can read in the report–to dangerous DIY dental care or going without anaesthetic to save costs.

    “The consequences of unaffordability and inaccessibility are dire. Chronic pain, long-term health issues, and–this government might be interested to note–lost productivity. All things considered, the costs of not acting are higher than if we just fixed this problem once and for all. 

    “For low-income New Zealanders, the MSD emergency dental grant is a mere $1000, and any cost beyond that must be repaid. It’s not even close to enough. No one should be in debt to the state full stop. And definitely not for basic healthcare. But, as we’ve learned, people are being forced into debt as high as $25,000.

    The Green Party campaigned on making dental care free for everyone–and paying for it with a fair tax system. New Zealanders deserve a robust healthcare system that includes dental, not one which forces them to choose between their teeth or putting food on the table, says Marama Davidson.

    MIL OSI New Zealand News

  • MIL-OSI: Wah Fu Education Group Deeply Integrates DeepSeek: Driving AI-based Education Innovation and Establishing Long-term Growth Strategies

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, China, Feb. 24, 2025 (GLOBE NEWSWIRE) — Wah Fu Education Group Limited (“Wah Fu” or the “Company”) (NASDAQ: WAFU), a provider of online education and exam preparation services, as well as related training materials and technology solutions for both institutions and individuals, announced that it planned to fully access a domestic large language model – DeepSeek, and to officially enter a new era of strategic AI-based education transformation through by intelligently upgrading the curriculum system. 

    AI-driven Product Innovation: Optimization of Short-term Tactics

    Answer questions accurately and intelligently to improve learning efficiency. Wah Fu  has introduced DeepSeek into its self-taught online assisted learning programs to provide AI-based Q&A assistants for more than a thousand popular programs. With the aid of DeepSeek’s powerful natural language processing capabilities and in combination with the knowledge base of the programs, the students can quickly get accurate answers when they have questions. Complex theoretical doubts can be cleared in time, thus helping students understand knowledge, improve their learning efficiency, and enhancing their learning continuity and enthusiasm.

    Personalized learning support increases customer stickiness. Based on DeepSeek’s comprehension, Wah Fu customizes exclusive learning plans based on the students’ learning habits, mastery of knowledge and answering of questions. It pushes learning materials and exercises suitable for the students, teaching the students in accordance with their aptitudes. This cannot only improve the learning efficiency, but also significantly increase the customer stickiness, thereby enhancing market competitiveness of the products.

    Building an AI-based Education Ecosystem: Long-term Strategic Layout

    Perform technological integration and innovation to foster core competencies. Access to DeepSeek is just the beginning. Wah Fu will continuously invest resources in optimizing the knowledge base of programs and the cooperative mechanism of models, to improve the efficiency of data processing and knowledge matching.

    Expand market businesses and develop new growth paths. Taking the upgrading of self-taught education as a breakthrough, Wah Fu continuously expands AI-empowered fields, constantly making adult education, vocational training, evaluation, examination, and resource construction more intelligent.

    About Wah Fu Education Group Limited

    Since its establishment in 1999, Wah Fu has been committed to providing diversified and customized education solutions for the development of students, institutions and universities. It keeps innovating in self-taught examination for higher academic degrees, information application in adult education, non-degree training and others. It has now become one of the most influential brands of distance education for adults in China.

    Safe Harbor Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are not statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; government regulations; and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the “SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    At the Company:

    Raincy Du
    ir@edu-edu.com.cn

    The MIL Network

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

    Source: GlobeNewswire (MIL-OSI)

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

    FOURTH QUARTER HIGHLIGHTS

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

    FULL YEAR 2024 HIGHLIGHTS

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

    2025 OUTLOOK

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

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

    FINANCIAL UPDATE

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

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

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

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

    FOURTH QUARTER 2024 CASH DIVIDEND & CAPITAL RETURN PROGRAM

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

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

    OPERATIONS UPDATE

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

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

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

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

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

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

    YEAR END RESERVES UPDATE

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

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

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

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

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

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

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

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

    GUIDANCE UPDATE

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

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

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

    CONFERENCE CALL

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

    About Viper Energy, Inc.

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

    About Diamondback Energy, Inc.

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

    Forward-Looking Statements

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

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

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

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

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

    NON-GAAP FINANCIAL MEASURES

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

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

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

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

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

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

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

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

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

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

    RECONCILIATION OF LONG-TERM DEBT TO NET DEBT

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

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

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

    PV-10

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

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

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

    Derivatives

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

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

    Investor Contact:

    Chip Seale
    +1 432.247.6218
    cseale@viperenergy.com

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

    The MIL Network

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

    Source: GlobeNewswire (MIL-OSI)

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

    FOURTH QUARTER 2024 HIGHLIGHTS

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

    FULL YEAR 2024 HIGHLIGHTS

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

    2025 GUIDANCE HIGHLIGHTS

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

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

    OPERATIONS UPDATE

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

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

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

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

    FINANCIAL UPDATE

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

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

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

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

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

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

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

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

    DIVIDEND DECLARATIONS

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

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

    COMMON STOCK REPURCHASE PROGRAM

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

    RESERVES

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

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

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

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

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

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

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

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


    FULL YEAR 2025 GUIDANCE

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

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

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

    CONFERENCE CALL

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

    About Diamondback Energy, Inc.

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

    Forward-Looking Statements

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

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

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

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

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


    NON-GAAP FINANCIAL MEASURES

    ADJUSTED EBITDA

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

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

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

    ADJUSTED NET INCOME

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

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

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

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

    OPERATING CASH FLOW BEFORE WORKING CAPITAL CHANGES AND FREE CASH FLOW

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

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

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

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

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

    NET DEBT

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

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

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

    DERIVATIVES

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

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

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

    The MIL Network

  • MIL-OSI Canada: Agritech projects, training will strengthen B.C. agriculture

    Source: Government of Canada regional news

    Rahul Singh, director, B.C. Centre for Agritech Innovation –

    “BCCAI proudly supports B.C.’s agriculture and agrifood sectors by advancing agritech innovation and its adoption. The launch of 19 new projects and nine training programs underscores the strong demand for innovation and training among farmers, growers, and small and medium-sized businesses. With support from the government and industry partners, BCCAI is committed to meeting this need.”

    Dugan O’Neil, vice-president, research and innovation, Simon Fraser University –

    “Simon Fraser University is proud to support British Columbia’s leadership in agritech through BCCAI. By fostering a thriving, sustainable agritech ecosystem, we’re supporting local agri-producers, empowering small and medium-sized businesses, and delivering benefits to consumers, all while driving economic growth. We greatly appreciate the government’s support for innovation and the partnerships that are advancing B.C.’s agriculture and food sector.”

    Gavin Schneider, CEO and co-founder, Maia Farms –

    “Maia Farms provides a smarter, climate-conscious way to nourish people and the planet. Our team has developed a process that transforms agricultural side streams into sustainable, high-protein and versatile food ingredients through mushroom biomass fermentation. With the generous support of BCCAI, Maia Farms was able to open the foundation Fungal Intelligence Lab in Vancouver, creating 10 full time jobs and paving the way for a new fungal food economy.”

    Gaby Wickstrom, chief operating officer, ‘Na̲mg̲is Business Development Corporation –

    “The ‘Na̲mg̲is Hydroponic Greenhouse Initiative is a vital step toward food security and sustainability for the ‘Na̲mg̲is First Nation and surrounding region. With BCCAI’s support, we’re enhancing local food production and creating new economic opportunities by providing communities and businesses with fresh, locally grown food year round.”

    Michael Williamson, CEO and founder, Cascadia Seaweed –

    “Institutional partnerships and government funding give Canadian companies a competitive edge, but more support is needed to drive innovation at scale. We look forward to continuing our work with BCCAI and partner universities to validate that our B.C.-grown, ocean-cultivated kelp can help Canadian farmers increase yields and reduce emissions.”

    Chi Ta, CEO, C&T Mushroom Farm Ltd. –

    “We are excited to partner with BCCAI on our automated worm farm technology. This initiative transforms organic waste into high-quality fertilizer, promoting sustainability and creating a circular ecosystem for local agriculture. By reusing organic waste, we minimize environmental impact and enhance soil quality. We are proud to contribute to a more resilient and sustainable future for British Columbians.”

    Raj Jampala, manager operations, AgriForest Bio-Technologies Ltd. –

    “Food security and agricultural innovation are critical for B.C. and Canada. With BCCAI’s support, AgriForest Bio-Technologies is developing advanced vertical growing systems using tissue culture and photoautotrophic micropropagation to meet market demands for high-quality berry and winegrape planting stock. This project will enhance local food production, strengthen the economy, and position B.C. as a leader in sustainable agri-tech.”

    Rodrigo Santana, CEO, BeriTech Inc. –

    “During the off-season, British Columbians are dependent on lower quality imported berries that are subject to substantial price fluctuations, are mostly produced using unsustainable farming practices and rely on high-carbon transport from distant production regions. Our BCCAI-funded project will provide B.C. consumers with local, premium off-season berries and help local farmers to extend their season, better utilizing labour and infrastructure.”

    Annett Rozek, chief scientific officer, Catalera BioSolutions –

    “Catalera BioSolutions and Terramera are extremely grateful to be recipients of support from BCCAI in pursuit of innovative agricultural technologies that benefit B.C., Canada and beyond. Together with BCCAI, Catalera is helping to make safe and effective biocontrol solutions the first choice for the future of agriculture.”

    Ravi Cheema, chief executive officer, Fresh4Sunset Farms Ltd. –

    “The funding from BCCAI will help our farm incorporate advanced technologies, sustainable practices and data-driven strategies for breeding good bugs to fight pests. I am excited to share our data with other greenhouse growers, enabling new entrants to make informed decisions, optimizing treatment plans and reducing pesticide use. By fostering collaboration between universities and private companies, we will facilitate the sharing of knowledge and resources throughout B.C. and beyond.”

    Joachim Knauf, CEO/president, ChamberTrust Management International Inc. (CTMI) –

    “ChamberTrust Management International Inc. appreciates its partnership with BCCAI for the CeV project that is focused on controlled environment agriculture, artificial intelligence and intellectual property protection. This includes the additional sector knowledge and industry contacts BCCAI brought to the table. CTMI has years of background with international business associations and it was a pleasure and very fruitful to partner with BCCAI.”

    Sukh Kahlon, director, Kahlon farms –

    “It has been great working with BCCAI. They were a great support in helping with our project to reduce the planting to harvest timeline for early season field strawberry production.”

    Ajay Potluri, president and CEO, GreenSmart Technologies –

    “GreenSmart is proud to announce the successful demonstration of Liquidseal, a pioneering edible solution that extends the shelf life of cranberries produced in British Columbia. Facilitated by the BCCAI in collaboration with BCIT and Oceanspray Ltd., this partnership advances innovative agritech solutions that extend the shelf life of fresh produce, reduce food waste, provides locally grown high‑quality food and greater access to distant export market opportunities – strengthening food security for British Columbians.”

    Mohamed Imam, senior researcher, Perkins and Will Canada Architects Co. –

    “Through our partnership with BCCAI, we are creating new ways of integrating urban agriculture into the built environment. This will benefit British Columbians by supporting local food production systems that strengthen food security and reduce environmental impact. This collaboration reflects our firm’s commitment to leveraging innovation and evidence-based design to create resilient cities and achieve our clients’ sustainability goals.”

    Rick Cox, president, Ocion Water Sciences Inc. –

    “As a leader in reducing environmentally stressful chemicals for use in agriculture, we are excited and grateful for the support from BCCAI and UBC. As a leader in water treatment, Ocion embraced the opportunity to work with industry experts to reduce greenhouse gas emissions, and to improve productivity and efficiency in the agritech sector. With these projects, we hope to position Canada as a leader, raising the bar for what can be accomplished in collaborative funded projects.”

    Kevin Kung, CTO, Takachar Limited –

    “This support made possible a first-of-a-kind pilot in the Okanagan area, turning hazardous, wildfire-prone residues into agricultural amendments. By operating this alongside our local community partner, we pushed the technology to its limits and learned tremendous lessons along the way.”

    Sean O’Connor, CEO, 4AG Robotics –

    “We are super excited to be partnering with BCCAI on this  project. As an ecosystem, we can build global leading companies here in British Columbia, while helping increase the quality and quantity of fresh cultivated food in the province. We are excited to be one of the projects selected to harness AI and robotics to improve the profitability and stability of B.C.-based mushrooms businesses.”

    Gary Jones, program manager, Industry Development, BC Greenhouse Growers’ Association –

    “Funding from BCCAI helped our grower members explore techniques for reducing waste and improving workplace efficiencies as they continue to provide fresh, nutritious and local greenhouse vegetables for our expanding population. Training opportunities like Lean 101 are important for our industry professionals to keep developing their skills and empowering their workforce.”

    Renee Prasad, department head, agriculture department, University of the Fraser Valley – 

    “Biological control is an important tool in the sustainable production of fruits and vegetables. This funding from BCCAI helps the UFV agriculture department connect with growers and answer their pressing questions in implementing sustainable production practices.”

    Eric Gerbrandt, research director, BC Blueberry Council, and the Raspberry Industry Development Council, and BC Strawberry Grower’s Association –

    “The B.C. berry sector’s sustainability will rely on adoption of superior berry varieties, with improved yield, quality, pest resistance and local climatic adaptation being developed by the BC Berry Breeding Program. A recent BCCAI workshop trained our stakeholders in testing, commercializing and marketing novel plant genetics, paving the way to a brighter future with better blueberry, raspberry and strawberry varieties.”

    Shannon Wagner, vice-president, research, Thompson Rivers University –

    “Thompson Rivers University is proud to be a contributor to increasing B.C.’s agricultural innovation with the support of BCCAI funding. Sharing innovative precision ranching methods will help improve outcomes for B.C.’s ranching communities and strengthen regional food security.”

    Jerry DuBovis, president, Pacific Regional Society for Soil Science (PRSSS) –

    “Through our collaboration with BCCAI, we have expanded our capacity to teach soil science skills to early-career professionals in B.C. The skills imparted through our workshops and seminars will greatly bolster B.C.’s ability to sustainably manage soil, an important resource for many sectors.”

    Stefania Pizzirani, associate director, Food and Agriculture Institute, and associate professor, department of planning, geography, and environmental studies, University of the Fraser Valley –

    “Across B.C., the agritechnology sector is progressing at an exciting and rapid rate. Our recent BCCAI-funded project focuses on developing four micro-credentials in collaboration with the University of the Fraser Valley, Royal Roads and BCCAI. These micro-credentials will help build up the skills needed to meet the emerging and expanding employment needs of B.C.’s dynamic agritechnology sector.”

    Paul Adams, Sherman Jen research chair in applied genomics, director of Applied Genomics Centre, Kwantlen Polytechnic University (KPU) –

    “The molecular biology workshop for agriculture, presented in partnership with BCCAI and KPU’s Applied Genomics Centre, offers a unique opportunity for industry professionals, government personnel, and university students to gain hands-on experience with qPCR and DNA extraction. This workshop equips participants with the knowledge and skills to apply molecular tools to real-world agricultural challenges.”

    Fred Popowich, scientific director, SFU’s Big Data Hub and professor of computing science, Simon Fraser University (SFU) –

    “We are proud to have partnered with the B.C. Centre for Agritech Innovation. In November, our collaboration provided essential training, equipping agritech professionals with the knowledge and skills to leverage AI and data science tools and techniques effectively. This partnership highlights our commitment to fostering innovation and sustainability in the agricultural sector.”

    Jason Ho, academic director, undergraduate programs, Beedie school of business, SFU at SFU’s Big Data Hub –

    “Collaboration with BCCAI and QuantoTech exemplifies the innovative spirit we strive to instill in our students – blending cutting-edge technology with a decentralized business model to ensure urban food stability. Their work highlights the vital intersection of innovation, social responsibility and global perspective, the three pillars of our program.”

    Jacob Beaton, owner, Tea Creek Training –

    “Tea Creek Training supports Indigenous Peoples and communities to revitalize their food sovereignty systems while utilizing Indigenous technologies. Tea Creek provides introductory skills training for Indigenous participants to enter meaningful employment and apprenticeships. BCCAI’s support is allowing us to build the necessary capacity required to support our Indigenous Foodland Employment Apprenticeship Skills Training (I-FEAST) that is being delivered to Indigenous communities across B.C.”

    MIL OSI Canada News

  • MIL-OSI United Nations: Nuclear weapons are ‘one-way road to annihilation’ warns Guterres

    Source: United Nations MIL OSI b

    Peace and Security

    UN Secretary-General António Guterres on Monday warned that the risk of nuclear conflict is rising – as global security arrangements unravel and military spending soars – urging governments to push for total disarmament.

    The nuclear option is not an option at all,” he said, addressing the UN Conference on Disarmament in Geneva.

    It is a one-way road to annihilation. We need to avoid this dead-end at all costs.”

    Arms race spreading to space

    Mr. Guterres warned delegates of heightened global security concerns, noting that trust between nations is crumbling, international law is being undermined and multilateral treaties are under strain.

    The so called “Doomsday Clock” – a metaphorical indicator of how close humanity is to destroying the world – moved one second closer to midnight last month, underscoring the growing peril.

    “Others are expanding their inventories of nuclear weapons and materials. Some continue to rattle the nuclear sabre as a means of coercion. We see signs of new arms races including in outer space,” Mr. Guterres said. 

    “And the weaponization of Artificial Intelligence is moving forward at an alarming pace.”

    Sign of hope

    Despite the grim picture, the Secretary-General highlighted the Pact for the Future adopted by world leaders at the General Assembly last September, as a sign of hope.

    It marked the first new international nuclear disarmament agreement in over a decade.

    Through the Pact, Member States also committed to revitalizing the role of the United Nations in disarmament,” he continued, calling also for holding accountable anyone who uses chemical or biological weapons.

    Alongside, he urged delegates to prevent an arms race in outer space through new negotiations, calling for the UN’s role in disarmament and global security to be strengthened.

    Humanity is counting on us to get this right. Let us keep working to deliver the safe, secure and peaceful world that every person needs and deserves,” Mr. Guterres said.

    The Conference on Disarmament

    The Conference on Disarmament (CD) is the world’s sole multilateral forum for negotiating arms control and disarmament agreements.

    Comprising 65 member states, including nuclear and militarily significant nations, the Conference has played a key role in shaping treaties such as the Nuclear Non-Proliferation Treaty (NPT) and the Comprehensive Nuclear-Test-Ban Treaty (CTBT).

    Its agenda includes nuclear disarmament, preventing an arms race in outer space, and addressing new weapons of mass destruction. Non-member States also attend its sessions, with 50 joining discussions in 2019, the highest in two decades.

    MIL OSI United Nations News

  • MIL-OSI Canada: Premier Agrees with Auditor General, Will Amend Legislation

    Source: Government of Canada regional news

    NOTE: The following is a statement from Premier Tim Houston.

    I understand that the original proposed changes to the Auditor General Act came out of a scan that looked to modernize the office by looking at best practices around Canada. This scan identified a variety of practices used across the country. There was never any intention on my part to change the existing Auditor General.

    After discussions with the Nova Scotia Auditor General and her team, I am no longer supporting the proposed amendments. This afternoon, I asked the legislature to withdraw them.

    Sometimes things become something that they weren’t intended to be, and I believe this is the case with the Auditor General-related amendments.

    I have nothing but respect for the Auditor General and look forward to continuing our working relationship. This is why we’ve increased funding for that office in this year’s budget. As always, we remain focused on what is in the best interests of Nova Scotians and believe an open and accountable government is part of that.

    MIL OSI Canada News

  • MIL-OSI USA: NASA Names Acting Associate Administrator, More Leadership Changes

    Source: NASA

    NASA acting Administrator Janet Petro announced Monday Vanessa Wyche will serve as the acting associate administrator for the agency at NASA Headquarters in Washington, effective immediately. Wyche, who had been the director of NASA’s Johnson Space Center in Houston, is detailed as Petro’s senior advisor leading the agency’s center directors and mission directorate associate administrators. She will act as the agency’s chief operating officer for about 18,000 civil servant employees and an annual budget of more than $25 billion. Stephen Koerner will become the acting center director of NASA Johnson.
    The agency also named Jackie Jester as associate administrator for the Office of Legislative and Intergovernmental Affairs and announced Catherine Koerner, associate administrator for the agency’s Exploration Systems Development Mission Directorate will retire effective Friday, Feb. 28. Lori Glaze, currently the deputy associate administrator for Exploration Systems Development will become the mission directorate’s acting associate administrator.
    “As we continue to advance our mission, it’s crucial that we have strong, experienced leaders in place,” Petro said. “Vanessa will bring exceptional leadership to NASA’s senior ranks, helping guide our workforce toward the opportunities that lie ahead, while Steve will continue to provide steadfast leadership at NASA Johnson. Jackie’s return to the agency will ensure we remain closely aligned with national priorities as we work with Congress. Cathy’s legacy is one of unwavering dedication to human spaceflight, and we are grateful for her years of service. Lori’s leadership will continue to build on that legacy as we push forward in our exploration efforts. These appointments reflect NASA’s unwavering commitment to excellence, and I have full confidence that each of these leaders will carry our vision forward with purpose, integrity, and a relentless drive to succeed.”
    Prior to her new role, Wyche was the director NASA Johnson – home to America’s astronaut corps, Mission Control Center, International Space Station, Orion and Gateway Programs, and its more than 11,000 civil service and contractor employees. Her responsibilities included a broad range of human spaceflight activities, including development and operation of human spacecraft, NASA astronaut selection and training, mission control, commercialization of low Earth orbit, and leading NASA Johnson in exploring the Moon and Mars.
    During her 35-year career, Wyche has served in several leadership roles, including Johnson’s deputy center director, director of Exploration Integration and Science Directorate, flight manager of several Space Shuttle Program missions, and executive officer in the Office of the Administrator. A native of South Carolina, Wyche earned a Bachelor of Science in Engineering and Master of Science in Bioengineering from Clemson University. 
    As deputy director of NASA Johnson, Stephen Koerner, oversaw strategic workforce planning, serves as the Designated Agency Safety Health Officer, and supported the Johnson center director in mission reviews. Before his appointment in July 2021, Koerner held various leadership roles at NASA Johnson, including director of the Flight Operations Directorate, associate director, chief financial officer, deputy director of flight operations, and deputy director of mission operations.
    In her new role as the associate administrator for the Office of Legislative and Intergovernmental Affairs, Jester will direct a staff responsible for managing and coordinating all communication with the U.S. Congress, as well as serve as a senior advisor to agency leaders on legislative matters.  
    Jester rejoins the agency after serving as the senior director for government affairs at Relativity Space’s Washington office where she led policy engagement for the company. Prior to her time with Relativity, she served as a policy advisor at NASA and at the White House Office of Science and Technology Policy. She has served as a professional staff member for the U.S. Senate Committee on Commerce, Science, and Transportation. She has spent time in state government as the Chief Legislative Aide to a member of the Massachusetts House of Representatives. Jester has significant experience advising on space policy issues, aviation operations and safety policy, and has helped develop numerous pieces of legislation.
    With a 34-year career at NASA, Catherine Koerner has been instrumental in leading NASA’s Exploration Systems Development Mission Directorate, overseeing the development of the agency’s deep space exploration approach. Previously, she was the deputy associate administrator for the mission directorate. Her extensive career at NASA includes roles such as the Orion program manager, director of the Human Health and Performance Directorate, former NASA flight director, several leadership positions within the International Space Station Program during its assembly phase and helping to foster a commercial space industry in low Earth orbit.
    Glaze has a distinguished background in planetary science, previously serving as the director of NASA’s Planetary Science Division before joining Explorations Systems Development. Prior to her tenure at NASA Headquarters in Washington, she was the chief of the Planetary Geology, Geophysics and Geochemistry Laboratory at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, and the Deputy Director of Goddard’s Solar System Exploration Division. She has been a leading advocate for Venus exploration, serving as the principal investigator for the Deep Atmosphere Venus Investigation of Noble gases, Chemistry, and Imaging mission. Glaze earned her Bachelor of Arts and Master of Science degrees in Physics from the University of Texas at Arlington and a doctorate in Environmental Science from Lancaster University in the United Kingdom. Her prior experience includes roles at the Jet Propulsion Laboratory and at Proxemy Research as Vice President and Senior Research Scientist.
    For more about NASA’s missions, visit:

    Home Page

    -end-
    Amber Jacobson / Kathryn HambletonHeadquarters, Washington202-358-1600amber.c.jacobson@nasa.gov / kathryn.a.hambleton@nasa.gov

    MIL OSI USA News

  • MIL-OSI USA: Medication Errors Happen to Pets, Too

    Source: US Food and Drug Administration

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    Español

    Your dog or cat is sick, and you head to the animal hospital. The veterinarian prescribes medications that you hope will make your pet better. But with pets, as with people, medication errors can happen. 

    Just as the Food and Drug Administration monitors medication errors that affect people, the agency watches out for mistakes that may harm animals. According to Linda Kim-Jung, PharmD, a safety reviewer in the Center for Veterinary Medicine’s Division of Veterinary Product Safety, “A number of the medication errors that occur in the treatment of people are the same as those we are seeing in the treatment of animals.” For this reason, CVM collaborates with the human drug center at the FDA, the Center for Drug Evaluation and Research, Division of Medication Errors Prevention and Analysis to share, learn and disseminate outreach work on medication error prevention.

    Errors Easily Made

    Prescriptions for pets are sometimes filled in the same pharmacies that serve human patients. Errors can start with something as simple as an abbreviation.
    “Unclear medical abbreviations are a common cause of the medication errors we review at CVM,” Kim-Jung says. 

    Commonly used in human and veterinary medicine, abbreviations are most often used when a veterinarian is writing drug orders or documenting information in the medical record. Medical abbreviations are not universal; nor are the variations. As a result, ambiguous abbreviations and symbols can cause transcription errors. For example, a pharmacist in a human pharmacy may not be familiar with certain veterinary abbreviations for different dosage amounts.  CVM has found that the abbreviation “SID” (once daily), sometimes used in veterinary prescriptions, was misinterpreted as “BID” (twice daily) and “QID” (four times daily), resulting in drug overdoses. 

    “If the vet has prescribed a drug where there’s a strong correlation between the dose and the severity of side effects, an overdose can have serious consequences,” Kim-Jung says.  “Poor penmanship can add to the problem, too.”

    Problematic abbreviations such as “u” (units) or the Greek letter μ (mu) could be mistaken for the letter “o” or a number zero “0”.  Also, the “mcg” abbreviation for microgram could be mistaken as “mg” (milligram).  Additionally, when prescriptions are written without a leading zero or with a trailing zero, it can potentially lead to a dangerous overdose error.  “So, a 5 mg dose written as 5.0 mg can be misread as 50 mg, potentially resulting in a 10-times overdose if the order is not clearly written,” Kim-Jung explains.

    In addition, drug selection errors can occur because of labels or packaging that look alike. Similarly, the pharmacy may dispense a wrong drug if the drug names look alike when written on a prescription, or if the drug names sound alike during verbal orders. 

    For example, one veterinarian called in a verbal order for Zeniquin (marbofloxacin) an antibiotic for a dog and asked if it was available in  generic form. The pharmacist misinterpreted the order as “Sinequan” and dispensed doxepin, a generic formulation of Sinequan.  Sinequan (doxepin) is used to treat depression and anxiety in humans.  The dog owner called the vet 24 hours later stating that the dog was ill. Fortunately, the dog was treated and recovered.

    There are numerous opportunities throughout the treatment process (from writing a prescription to administering a drug) for different people to misinterpret or misread what is written or even typed on the medication’s label. “Mistakes can happen at the veterinary clinic, but also in the pharmacy which fills the prescription, and at home, when the pet owner gives the animal the meds,” Kim-Jung says.

    Sometimes, a pet owner is uncertain how to use a syringe or measuring device, or it doesn’t work the way it’s expected to. CVM considers human factors like this when evaluating patient safety and works on system design strategies that can prevent use errors to mitigate patient harm. 

    Ask Questions

    There are a number of things you can do before you leave the veterinarian’s office. Start by asking good questions, such as:

    • What is the name of the drug? What is it supposed to do?
    • If the drug comes with a device or packaged with a measuring device, ask your vet to show you how to use it properly.
    • How much of the medication should I give each time?
    • How many times a day should I give it?
    • Should I give it before, during or after meals?
    • How should I store it?
    • What should I do if I forget to give a dose to my pet?
    • Should I finish giving all the medication, even if my pet seems better?
    • Are there reactions I should look for and call you about right away?

    Help Your Veterinarian to Help You

    Sharing information is a two-way street, Kim-Jung says, especially if you are getting a new prescription or seeing a new veterinarian. Be sure to:

    • Keep a list of drugs that your animal is taking—including over-the-counter products, supplements and prescription drugs—and bring it with you to the veterinary office.
    • Discuss any medications that your animal is allergic to or that have caused problems in the past.
    • Discuss any serious or chronic health conditions that your animal may have.

    Finally, there are some simple steps you can take at home to avoid medication errors:

    • Keep animal drugs stored away from human drug products to prevent mix-ups.  Accidental exposures to some human topical drugs and other type of human drugs can be dangerous and can cause fatalities in animals.
    • Keep your animal’s medications in their original labeled containers.
    • Do not share the medication for one animal with another animal unless directed by the veterinarian.
    • Do not give human medications to your animal unless directed by the vet.

    For more information on veterinary medication errors, see this page.

    Your Report Matters! 

    The good news is you can play a role in helping to prevent medication errors by reporting medication issues  directly to CVM/FDA.  
     

    MIL OSI USA News

  • MIL-OSI USA: NASA Marshall Reflects on 65 Years of Ingenuity, Teamwork 

    Source: NASA

    NASA’s Marshall Space Flight Center in Huntsville, Alabama, is celebrating its 65-year legacy of ingenuity and service to the U.S. space program – and the expansion of its science, engineering, propulsion, and human spaceflight portfolio with each new decade since the NASA field center opened its doors on July 1, 1960.
    What many Americans likely call to mind are the “days of smoke and fire,” said Marshall Director Joseph Pelfrey, referring to the work conducted at Marshall to enable NASA’s launch of the first Mercury-Redstone rocket and the Saturn V which lifted Americans to the Moon, the inaugural space shuttle mission, and the shuttle flights that carried the Hubble Space Telescope, Chandra X-ray Observatory, and elements of the International Space Station to orbit. Most recently, he said they’re likely to recall the thunder of NASA’s SLS (Space Launch System), rising into the sky during Artemis I.

    Yet all the other days are equally meaningful, Pelfrey said, highlighting a steady stream of milestones reflecting the work of Marshall civil service employees, contractors, and industry partners through the years – as celebrated in a new “65 Years of Marshall” timeline.
    “The total sum of hours, contributed by tens of thousands of men and women across Marshall’s history, is incalculable,” Pelfrey said. “Together they’ve blended legacy with innovation – advancing space exploration and scientific discovery through collaboration, engineering excellence, and technical solutions. They’ve invented and refined technologies that make it possible to safely live and work in space, to explore other worlds, and to help safeguard our own.

    Joseph Pelfrey
    Marshall Space Flight Center Director

    “Days of smoke and fire may be the most visible signs, but it’s the months and years of preparation and the weeks of post-launch scientific discovery that mark the true dedication, sacrifice, and monumental achievements of this team.”
    Reflecting on Marshall history
    Marshall’s primary task in the 1960s was the development and testing of the rockets that carried the first American astronaut to space, and the much larger and more technically complex Saturn rocket series, culminating in the mighty Saturn V, which carried the first human explorers to the Moon’s surface in 1969.
    “Test, retest, and then fly – that’s what we did here at the start,” said retired engineer Harry Craft, who was part of the original U.S. Army rocket development team that moved from Fort Bliss, Texas, to Huntsville to begin NASA’s work at Marshall. “And we did it all without benefit of computers, working out the math with slide rules and pads of paper.”

    “Those were exciting times,” retired test engineer Parker Counts agreed. He joined Marshall in 1963 to conduct testing of the fully assembled and integrated Saturn first stages. It wasn’t uncommon for work weeks to last 10 hours a day, plus weekend shifts when deadlines were looming. 
    Counts said Dr. Wernher von Braun, Marshall’s first director, insisted staff in the design and testing organizations be matched with an equal number of engineers in Marshall’s Quality and Reliability Assurance Laboratory. 
    “That checks-and-balances engineering approach led to mission success for all 32 of the Saturn family of rockets,” said Counts, who went on to support numerous other propulsion programs before retiring from NASA in 2003.
    “We worked with the best minds and best equipment available, pushing the technology every day to deliver the greatest engineering achievement of the 20th century,” said instrumentation and electronics test engineer Willie Weaver, who worked at Marshall from 1960 to 1988 – and remains a tour guide at its visitor center, the U.S. Space & Rocket Center. 

    Willie Weaver
    Former Marshall Space Flight Center Employee

    The 1970s at Marshall were a period of transition and expanded scientific study, as NASA ended the Apollo Program and launched the next phase of space exploration. Marshall provided critical work on the first U.S. space station, Skylab, and led propulsion element development and testing for NASA’s Space Shuttle Program.
    Marshall retiree Jim Odom, a founding engineer who got his start launching NASA satellites in the run-up to Apollo, managed the Space Shuttle External Tank project. The role called for weekly trips to NASA’s Michoud Assembly Facility in New Orleans, which has been managed by Marshall since NASA acquired the government facility in 1961. The shuttle external tanks were manufactured in the same bays there where NASA and its contractors built the Saturn rockets. 

    “We didn’t have cellphones or telecon capabilities yet,” Odom recalled. “I probably spent more time with the pilot of the twin-engine plane in those days than I did with my wife.”
    Marshall’s shuttle propulsion leadership led to the successful STS-1 mission in 1981, launching an era of orbital science exemplified by NASA’s Spacelab program. 
    “Spacelab demonstrated that NASA could continue to achieve things no one had ever done before,” said Craft, who served as mission manager for Spacelab 1 in 1983 – a highlight of his 40-year NASA career. “That combination of science, engineering, and global partnership helped shape our goals in space ever since.” 

    Bookended by the successful Hubble and Chandra launches, the 1990s also saw Marshall deliver the first U.S. module for the International Space Station, signaling a transformative new era of human spaceflight.
    Odom, who retired in 1989 as associate administrator for the space station at NASA Headquarters, reflects on his three-decade agency career with pride. 
    “It was a great experience, start to finish, working with the teams in Huntsville and New Orleans and our partners nationwide and around the globe, meeting each new challenge, solving the practical, day-to-day engineering and technology problems we only studied about in college,” he said. 

    That focus on human spaceflight solutions continued into the 21st century. Marshall delivered additional space station elements and science hardware, refined its air and water recycling systems, and led round-the-clock science from the Payload Operations Integration Center. Marshall scientists also managed the Gravity Probe Band Hinode missions and launched NASA’s SERVIR geospatial observation system. Once primary space stationconstruction – and the 40-year shuttle program – concluded in the 2010s, Marshall took on oversight of NASA’s Space Launch System, led James Webb Space Telescope mirror testing, and delivered the orbiting Imaging X-ray Polarimetry Explorer.
    As the 2020s continue, Marshall meets each new challenge with enthusiasm and expertise, preparing for the highly anticipated Artemis II crewed launch and a host of new science and discovery missions – and buoyed by strong industry partners and by the Huntsville community, which takes pride in being home to “Rocket City USA.”
    “Humanity is on an upward, outward trajectory,” Pelfrey said. “And day after day, year after year, Marshall is setting the course to explore beyond tomorrow’s horizon.”
    Read more about Marshall and its 65-year history:
    https://www.nasa.gov/marshall
    Hannah MaginotMarshall Space Flight Center, Huntsville, Ala.256-544-0034hannah.l.maginot@nasa.gov  

    MIL OSI USA News

  • MIL-OSI Security: Owner of Charleroi Staffing Agency Pleads Guilty to Harboring Illegal Aliens for Financial Gain and Failing to Pay More Than $3 Million in Employment Taxes

    Source: Office of United States Attorneys

    PITTSBURGH, Pa. – A resident of Belle Vernon, Pennsylvania, pleaded guilty in federal court to charges of harboring illegal aliens for financial gain and failing to pay employment taxes, Acting United States Attorney Troy Rivetti announced today.

    Andy Ha, 28, pleaded guilty to two counts before United States District Judge Cathy Bissoon. Ha was charged by a two-count Information filed with the Court on January 28, 2025.

    In connection with the guilty plea, the Court was advised that, from September 2022 to April 2024, Ha owned a temporary staffing agency called Prosperity Services, Inc., that provided workers to companies in the Charleroi, Pennsylvania, area. As part of his business, Ha paid for more than 25 workers who were not legally authorized to be in the United States to stay in a former hotel, and his business paid for vans to transport those workers to and from their work. In addition, Ha provided Prosperity’s tax return preparer with spreadsheets listing only workers who were legally authorized to be and work in the United States. That information, in turn, was reflected on the company’s quarterly employment tax returns, representing less than 10% of the actual total number of workers employed by Prosperity. Ha then also signed those returns, knowing them to be false and causing a tax loss of at least $3.1 million.

    “The defendant broke the law by harboring and employing individuals not authorized to be in the United States,” said Acting United States Attorney Rivetti. “In addition, defendant Ha cost the U.S. government millions of dollars through his failure to pay taxes related to his business. Our office and our law enforcement partners at all levels will continue to ensure that those who seek to profit from the employment of such workers, and who fail to pay taxes, face appropriate consequences under the law.”

    “Business owners have a responsibility to file accurate quarterly employment tax returns and to timely remit withholding taxes for their employees to the Internal Revenue Service,” said Special Agent in Charge Yury Kruty, IRS-Criminal Investigation, Philadelphia Field Office. “The failure to do so is a serious offense.”

    “This investigation highlights the commitment of HSI Pittsburgh to protecting our communities from those who seek to exploit undocumented workers for their personal gain,” said Special Agent in Charge of HSI Philadelphia Edward V. Owens. “Andy Ha and his business sought to profit off of the immigrant community. I commend the dedicated prosecutors in the U.S. Attorney’s Office for the Western District of Pennsylvania and our partners at the Internal Revenue Service-Criminal Investigation division and Pennsylvania State Police. Together, we will continue to work to ensure that such illegal activities are met with the full force of the law.”

    Judge Bissoon scheduled sentencing for July 22, 2025. The law provides for a total maximum sentence of up to five years in prison, a fine of up to $250,000 or twice the gain from the offense, or both on the tax charge and up to 10 years in prison, a fine of up to $250,000 or twice the gain from the offense, or both on the harboring charge. Under the federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.

    Assistant United States Attorney William B. Guappone is prosecuting this case on behalf of the government.

    The Internal Revenue Service-Criminal Investigation, Homeland Security Investigations, and Pennsylvania State Police conducted the investigation that led to the prosecution of Ha.

    MIL Security OSI

  • MIL-OSI Africa: Global Firms Join Congo Energy & Investment Forum (CEIF) 2025 as Congo Boosts Fiscal Terms

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

    BRAZZAVILLE, Republic of the Congo, February 24, 2025/APO Group/ —

    With the Republic of Congo preparing to launch a new Gas Code and Gas Master Plan to incentivize investment across the natural gas value chain, the participation of investment companies in the country’s energy sector will be a requisite for international companies seeking to navigate complex government and corporate deals.

    The inaugural Congo Energy & Investment Forum (CEIF) 2025, taking place in Brazzaville from March 24-26, will feature the participation of some of the top energy investment firms operating on the continent. Speakers at this year’s event will include Abdullahi Bashir, Group Managing Director, AA&R Investment; Adou Toure, Investment Advisor to the U.S. Development Finance Corporation (DFC); as well as Didier Rault, CEO, World Mining Investment.

    The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société nationales des pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

    Congo’s regulatory landscape and industry outlook is incentivizing new players to join the market. The country aims to attract fresh investment across the growing oil and gas value chain, with the fiscal and regulatory environment having become increasingly more transparent, making it simpler for companies to invest. As such, the participation of AA&R Investment at this year’s CEIF 2025 is set to showcase the significant role a structured investment environment can play in ensuring a timely and efficient entry for new companies to the country’s energy market.

    Congo’s Gas Master Plan aims to advance the country’s gas monetization agenda by catalyzing new infrastructure development, including gas pipelines, processing facilities and gas-to-power plants. The plan also seeks to reduce energy imports and raise electricity access, currently at 50%. With its significant resource base, forward-looking approach to policy implementation and commitment to low-carbon oil and gas, Congo has emerged as a highly attractive investment market. With experience across a wide range of regions and industries, World Mining Investment is well-positioned to leverage its expertise in government and corporate deals to showcase how existing operators and service providers can strengthen their footprint in Congo at CEIF 2025.

    With aims to increase financing and guarantees to help unlock private sector investment in Congo’s energy sector, the U.S. DFC’s participation at CEIF 2025 is expected to benefit small businesses and financial service companies seeking to improve supply chains, infrastructure and development in the country. The institution has a rich portfolio of projects across Africa, including the trans-national Lobito Atlantic Railway, which contribute to mobilizing private sector investment and expand access to structured financing mechanisms.

    “The participation of investment firms such as AA&R Investment, the U.S. DFC and World Mining Investment at CEIF 2025 is crucial for shaping the future of Congo’s energy sector. Their involvement highlights the growing international confidence in the country’s evolving regulatory framework and abundant natural resources. By bringing together key players in the global energy and infrastructure sectors, the conference is well-positioned to foster collaboration, unlock new investment opportunities and drive sustainable growth in Congo’s energy market,” states Energy Capital & Power Events and Project Director Sandra Jeque.

    MIL OSI Africa

  • MIL-OSI USA: McConnell on Three-Year Anniversary of Russia’s Escalation in Ukraine

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell
    Washington, D.C. – U.S. Senator Mitch McConnell (R-KY) issued the following statement today regarding the three-year anniversary of Russia’s escalation in Ukraine:
    “Three years ago today, as Russia escalated its unprovoked 2014 invasion and occupation of Ukraine, I predicted that the world would watch closely how the United States responded. Foes would search for signs of weakness, and friends would hope for signs of strength. I shared this hope – and have worked hard to help realize it – but have more often shared disappointment in costly failures.
    “For years, even as Ukraine’s brave defense of its sovereignty exceeded expectations, America’s response under President Biden was a sluggish, piecemeal affair constantly plagued by self-deterring fears of Russian escalation. Time and time again, the previous Administration squandered opportunities for decisive battlefield impact by withholding critical weapons from Ukraine until political pressure forced its hand.
    “Meanwhile, this terrible conflict has driven many European NATO allies to make long-overdue investments in defense industrial capacity. Over the past three years, Europe’s aid commitments to Ukraine have more than doubled the United States’. Today, the trans-Atlantic alliance looks with greater suspicion at the influence of Putin’s strategic partner in Beijing.
    “Likewise, from the other side of the globe, Indo-Pacific allies recognize that Russian success in Ukraine will encourage the PRC’s own ‘special military operations’ and coordinated aggression across their region. They’ve left little room for doubt – by vocal and material support for Ukraine – that the consequences of Western weakness would be global. If America’s primary strategic objective is deterring Chinese aggression, it is difficult to imagine a more self-defeating step than the willful alienation of the allies we will need to accomplish it, in Europe and Asia, alike.
    “But even as America’s allies see our interests converging and the most successful military alliance in the history of the world restores its commitments to hard power, the previous Administration’s shameful hesitation and half-measures threaten to give way to something even more disgraceful: the obstinate denial of America’s security interest in Ukraine’s success. Refusing to acknowledge Russia as the undeniable and unprovoked aggressor is more than an unseemly moral equivalency – it reflects a gross misunderstanding of the nature of negotiations and leverage.
    “Blame for this human catastrophe rests solely on Vladimir Putin. Here’s how we know: If Russian forces laid down their arms, Europe would be at peace. If Ukrainian forces laid down theirs, Putin’s aims would not stop with Kyiv. Mistaking this fact is as embarrassing as it is costly.
    “‘Peace for our time’ is a noble end, but hope that appeasement will check the ambitions of this aggressor is as naïve today as it was in 1939. America is right to seek an end to this war, but an end that fails to constrain Russian ambition, ensure Ukrainian sovereignty, or strengthen American credibility with both allies and adversaries is no end at all. Instead, such a hollow peace would invite further aggression.
    “Today, an axis of aggressors from Beijing to Moscow seeks an outcome in Ukraine that undermines the credibility of American deterrence and leaves U.S. interests more vulnerable. Without a clear and resolute commitment to the leadership and order that underpins our prosperity and security, America’s adversaries will receive exactly what they hope for. There is no question that the entire world is watching.”

    MIL OSI USA News

  • MIL-OSI USA: MEDIA ADVISORY: Sanders, Welch, Balint to Hold Statewide Telephone Town Meeting

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders
    BURLINGTON, Vt., Feb. 24 – Sen. Bernie Sanders (I-Vt.), Sen. Peter Welch, and Rep. Becca Balint will hold a statewide telephone town meeting on Wednesday, February 26 at 6:30 p.m. to hear directly from Vermonters about the challenges they are facing in their daily lives, their concerns for their families, their communities, their state and the world, and how the federal government can work to address those concerns.
    Vermonters can look for an incoming call from Senator Sanders’ office on Tuesday evening inviting them to participate in the town meeting the following evening. The caller ID should read “Senator Sanders.” Another call will go out on Wednesday just before 6:30 p.m. to connect Vermonters to the event. Anyone who would like to ensure they receive a call to join the event can register here by Tuesday, January 25 at 11:59 p.m. Participants can also submit questions in advance through the registration form. During the call, the lawmakers will respond to live questions from phone participants as well as ones submitted through the registration form.
    Vermonters can also watch the livestream of the event at https://www.facebook.com/senatorsanders.
    DetailsWhat: Statewide Telephone Town Meeting with Sen. Sanders, Sen. Welch and Rep. BalintWhen: Wednesday, February 26, 6:30 p.m. ETWhere: By telephone and Facebook livestreamDetails: Vermonters and members of the press who do not receive a call can listen to the event at https://www.facebook.com/senatorsanders. The event will also be livestreamed on the Facebook pages of Sen. Welch and Rep. Balint.

    MIL OSI USA News

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

    US Senate News:

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

    MIL OSI USA News

  • MIL-OSI Europe: Written question – Re-evaluating EU engagement in the Arctic: addressing strategic challenges and geopolitical tensions – E-000451/2025

    Source: European Parliament

    Question for written answer  E-000451/2025/rev.1
    to the Commission
    Rule 144
    Mika Aaltola (PPE), Urmas Paet (Renew), Ville Niinistö (Verts/ALE)

    The Arctic region faces significant political challenges. Competition between major geopolitical players, notably Russia, China, and the United States, is becoming increasingly pronounced. This situation highlights the complexities of regional geopolitics and the urgent need for the EU to re-evaluate its Arctic policy. As the EU emerges as a geopolitical actor and amid the rising tensions exemplified by recent discussions concerning Greenland, it is crucial for the EU to establish a strong presence in the Arctic.

    The previous joint communication on the Arctic (JOIN(2021)0027) reflects an outdated view of Arctic exceptionalism. Given the current geopolitical landscape, it is essential to increase Europe’s engagement in the Arctic and support the concept of a ‘European Arctic’.

    • 1.Given the Arctic’s strategic significance amid the rivalry between major political powers, when does the Commission intend to publish a new joint communication on the Arctic?
    • 2.Will the Commission be preparing a comprehensive Arctic strategy, recognising the critical need for the EU to strengthen its presence in the Arctic?
    • 3.Considering the ongoing changes, does the Commission have a plan to bring Iceland, Greenland and Norway closer to joining the EU, and if so, how?

    Submitted: 3.2.2025

    Last updated: 24 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Briefing – Acquisition and loss of citizenship in EU Member States: Overview and key issues – 24-02-2025

    Source: European Parliament

    Access to citizenship status is an important prerequisite for enjoying rights and privileges, such as migration and political rights, as well as for developing a sense of identity and belonging. Since the establishment of Union citizenship, all persons who are nationals or citizens of an EU Member State enjoy the status of EU citizenship, which confers on them a number of additional rights and privileges. However, Member States retain full control over whom they recognise as citizens. Although the legal rules on the acquisition and loss of citizenship in the EU Member States remain divergent, one can identify a number of common key trends and issues. The need to integrate long-term immigrants has pushed EU countries to amend their citizenship laws. This has often resulted in making citizenship both more liberal (lowering residence requirements and tolerating dual citizenship) and more restrictive (introducing integration clauses and citizenship tests). Security concerns related to terrorist activities and the war in Ukraine have also triggered changes to Member States’ citizenship laws, specifically regarding the conditions for revoking citizenship. Concerns about immigrants’ integration, allegiance and belonging, as well as about the cultural and economic consequences of regional integration and globalisation, are at the heart of recent debates about citizenship in Europe. Moreover, in the EU, the issue of access to citizenship is no longer a matter that concerns Member States alone. The bundling of national and EU citizenship means that Member States have a certain responsibility towards each other when making decisions over who to accept (or reject) as a citizen. This is an update of a briefing published in July 2018.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Commission’s opinion on the clear abuses of the judiciary for settling political scores with the current opposition in Slovenia – P-000655/2025

    Source: European Parliament

    Priority question for written answer  P-000655/2025/rev.1
    to the Commission
    Rule 144
    Branko Grims (PPE)

    Again and again we have seen obviously politically motivated proceedings being launched against Janez Janša in the run-up to elections. Then after the elections the proceedings are halted, only to be revived when the next elections are approaching. This has been going on for two decades, so it is obvious that this abuse is politically motivated.

    In the Kafkaesque Patria case, which went on for a decade, Janez Janša was tried for having ‘somewhere’, ‘at some time’ made an ‘unknown promise’ and on the basis of that absurd construct was imprisoned ahead of an election. After the election, Slovenia’s Constitutional Court quashed the ruling.

    Now he is on trial in what is referred to as the ‘Trenta’ case. Some thirty years ago, Mr Janša bought a plot with a house in the Trenta valley. It was in the national park, where new building is not permitted. But replacement construction is permitted so these properties change hands at higher prices. In 2005 he sold the property for a higher price. The prosecution argues that the acquisition of the property by the management of a private company was ‘financially detrimental’, even though many properties in tourist areas and in Ljubljana were bought and sold for a substantially bigger price difference in a comparable period.

    What is the Commission’s opinion on this clear abuse of the judiciary to politically discredit the opposition in Slovenia?

    Submitted: 12.2.2025

    Last updated: 24 February 2025

    MIL OSI Europe News

  • MIL-OSI United Nations: Buildings and Cities (B&C)

    Source: UNISDR Disaster Risk Reduction

    Mission

    Buildings and Cities is an international, open access, peer-reviewed, academic journal publishing high-quality research and analysis on the interplay between the different scales of the built environment: buildings, blocks, neighbourhoods, cities, national building stocks and infrastructures. The journal focuses on built environment policy, practices and outcomes and the range of economic, environmental, political, social and technological issues occurring over the full life cycle.

    MIL OSI United Nations News

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

    Source: United Nations – Geneva

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

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

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

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

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

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

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

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

    Opening Remarks by the President of the Council

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

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

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

    Statements by Keynote Speakers

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    __________

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

     

    HRC25.004E

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: “Farmers are the backbone of our economy, caretakers of our land and custodians of our food security”: Union Minister Hardeep Singh Puri, at program for Release of 19th installment of PM Kisan Scheme

    Source: Government of India

    “Farmers are the backbone of our economy, caretakers of our land and custodians of our food security”: Union Minister Hardeep Singh Puri, at program for Release of 19th installment of PM Kisan Scheme

    Government is trying to increase ethanol blending across the country, this will benefit farmers: Union Petroleum & Natural Gas Minister

    Posted On: 24 FEB 2025 5:12PM by PIB Chandigarh

    Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri attended a programme at which the Prime Minister released the 19th installment of PM-KISAN Samman Nidhi at Bhagalpur, Bihar. The Petroleum and Natural Gas Minister joined the programme virtually from Guru Nanak Dev University, Amritsar, along with several farmers and dignitaries.

    Addressing the farmers and other members of the audience at Guru Nanak Dev University, the Union Minister said that farmers’ welfare is the top priority of the Union Government led by Prime Minister Narendra Modi. “Farmers are the backbone of our economy. They are the caretakers of our land and the custodians of our food security.” 

    The Minister said that farmers have now become energy producers and that the government is striving to increase ethanol blending across the country for their benefit. “Our farmers have now become Energy Producers. The total ethanol blending earlier was 1.5%, but now it has reached 19.6%, following which the farmers have been paid more than 90,000 crore rupees. The Union Government is continuously striving to increase ethanol blending across the country, which will ultimately benefit the farmers.” He added that in the last three years, prices of petrol and diesel have come down.

    After his address, the Union Minister also felicitated farmers, while acknowledging their contribution to the economy.

     

     

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  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi, releases 19th instalment of PM KISAN, launches development projects from Bhagalpur, Bihar

    Source: Government of India

    Prime Minister Shri Narendra Modi, releases 19th instalment of PM KISAN, launches development projects from Bhagalpur, Bihar

    Today I had the privilege of releasing the 19th installment of PM-KISAN , I am very satisfied that this scheme is proving very useful for our small farmers across the country: PM

    Our move to form Makhana Vikas Board is going to be extremely beneficial for the farmers of Bihar engaged in its cultivation, This is going to help a lot in the production, processing, value addition and marketing of Makhana: PM

    Had there been no NDA government, farmers across the country, including Bihar, would not have received the PM Kisan Samman Nidhi, In the last 6 years, every single penny of this has reached directly into the accounts of our Annadatas: PM

    Be it superfood Makhana or Bhagalpur’s silk, our focus is on taking such special products of Bihar to the markets across the world: PM

    PM Dhan-Dhanya Yojana will not only boost crop production in agriculturally backward areas but will also empower our farmers: PM

    Today, the land of Bihar has witnessed the formation of the 10,000th FPO, On this occasion, many congratulations to all the members of the Farmer Producer Association across the country!: PM

    Posted On: 24 FEB 2025 5:49PM by PIB Delhi

    In line with his commitment towards ensuring Farmers welfare, the Prime Minister, Shri Narendra Modi today released the 19th instalment of PM KISAN from Bhagalpur, Bihar. He also launched many development projects during the occasion. Shri Modi welcomed all the dignitaries and the people who had joined the event virtually. He said it was a great fortune to step in the land of Mandarachal during the holy period of Maha Kumbh. He added that this place had spirituality, heritage as well as the potential for Viksit Bharat as well. Shri Modi remarked that it was the land of martyr Tilka Manjhi as well as renowned as Silk city. He added that there were preparations for the upcoming Maha Shivaratri too in the holy land of Baba Ajgaibinath. He said that he was fortunate to release the 19th instalment of PM KISAN during such a pious moment and around ₹22,000 crore was credited directly into the bank accounts of farmers through Direct Benefit Transfer. 

    The Prime Minister noted that there were around 75 lakh farmer families from Bihar who were beneficiaries of the PM KISAN scheme, whose 19th instalment was released today. He added that around ₹1,600 crore was credited directly into the bank accounts of Bihar farmers today. He extended his warm greetings to all the farmer families from Bihar and other parts of the country. 

    Reiterating the words from his speech at Red fort, Shri Modi said, “there are four main pillars of Viksit Bharat: poor, farmers, youth and women”. He added that whether it is the Central or the State Government, the  welfare of farmers remains a priority. “We worked with full force to solve every problem of the farmers in the last decade”, said Shri Modi. He noted that farmers need good seeds, sufficient and affordable fertilizers, irrigation facilities, protection for their livestock from diseases, and safety from losses during disasters. Previously, farmers were plagued by these issues. The Prime Minister stated that their Government has changed this situation, highlighting that in recent years, hundreds of modern seed varieties have been provided to farmers. Earlier, farmers had to struggle for urea and face black marketing, while today, farmers receive sufficient fertilizers, he added. Shri Modi highlighted that even during the major crisis of the pandemic, the Government ensured no shortage of fertilizers for farmers. Remarking that if their Government had not been elected, then the farmers would still be struggling for fertilizers. He emphasized that the Barauni fertilizer plant would still be closed, and fertilizers that are available to Indian farmers for less than ₹300 per bag are being sold for ₹3,000 per bag in many countries. The Prime Minister highlighted that their Government has ensured that urea bags, which would have cost ₹3,000, are available at an affordable price today. He stated that the Government is committed to the welfare of farmers and works for their benefit. The cost of urea and DAP, which farmers would have had to bear, is being covered by the central government, he added. Shri Modi said that over the past 10 years, the central government had provided approximately ₹12 lakh crore, which would have otherwise come from the pockets of the farmers. This has saved a significant amount of money for crores of farmers across the country, he added.

    Asserting that farmers would not have received the benefits of the PM Kisan Samman Nidhi scheme, if their Government was not elected, the Prime Minister highlighted that in the six years since the scheme’s inception, approximately ₹3.7 lakh crore has been directly transferred to farmers’ accounts. Shri Modi emphasized that small farmers, who previously did not receive the full benefits of Government schemes, are now getting their due. He stated that intermediaries used to exploit the rights of small farmers, but he assured under his leadership and that of Shri Nitish Kumar, this will not be allowed to happen. The Prime Minister contrasted this with the previous governments, highlighting that the amount his Government has directly transferred to farmers’ bank accounts far exceeds the agricultural budget allocated by the previous Governments. He emphasized that such efforts can only be undertaken by a Government dedicated to the welfare of farmers and not by corrupt entities.

    Shri Modi said that the previous dispensations did not care about the hardships faced by farmers. He noted that in the past, when floods, droughts, or hailstorms occurred, farmers were left to fend for themselves. He highlighted that after their Government received the people’s blessings in 2014, he declared that this approach would not continue. Their Government introduced the PM Fasal Bima Yojana, under which farmers have received claims worth ₹1.75 lakh crore during disasters, he added.

    The Prime Minister said that their Government was promoting animal husbandry to increase the income of landless and small farmers. He highlighted that animal husbandry is helping to create “Lakhpati Didis” in villages and so far, around 1.25 crore Lakhpati Didis were created across the country, including thousands of Jeevika Didis in Bihar. “India’s milk production has increased from 14 crore tons to 24 crore tons over the past decade, strengthening India’s position as the world’s number one milk producer”, said Shri Modi lauding Bihar’s significant role in this achievement. He highlighted that cooperative milk unions in Bihar purchase 30 lakh liters of milk per day, resulting in over ₹3,000 crore annually being transferred to the accounts of livestock farmers, mothers, and sisters in Bihar.

    Expressing his satisfaction that the efforts to promote the dairy sector are being skillfully advanced by Shri Rajiv Ranjan, the Prime Minister highlighted that two projects in Bihar are progressing rapidly due to their efforts. He mentioned that the Center of Excellence in Motihari will aid in the development of superior indigenous cattle breeds. Additionally, the milk plant in Barauni will benefit three lakh farmers in the region and provide employment opportunities for the youth, he added.

    Criticising the previous governments for not helping the fishermen and boatmen, Shri Modi highlighted that, for the first time, their Government had provided Fishermen with Kisan Credit Cards. He emphasized that due to such efforts, Bihar has made remarkable progress in fish production. Ten years ago, Bihar was among the top 10 fish-producing states in the country, but today, Bihar has become one of the top five fish-producing states in India, he said. The Prime Minister noted that the focus on the fisheries sector has significantly benefited small farmers and fishermen. He mentioned that Bhagalpur is also known for the Ganga dolphins, which is a significant success of the Namami Gange campaign.

    “Our Government’s efforts in recent years have significantly increased India’s agricultural exports”, said the Prime Minister. As a result, he added that the farmers are now receiving higher prices for their produce. Several agricultural products, which were never exported before, are now reaching international markets, he said. Shri Modi highlighted that it is now time for Bihar’s Makhana to enter the global market. He noted that Makhana has become a popular part of breakfast in Indian cities and is considered a superfood. He said the formation of a Makhana Board for Makhana farmers announced in this year’s budget will assist farmers in every aspect, including Makhana production, processing, value addition, and marketing.

    Mentioning another significant initiative for the farmers and youth of Bihar in the budget, Shri Modi highlighted that Bihar is set to become a major center for the food processing industry in Eastern India. He announced the establishment of the National Institute of Food Technology and Entrepreneurship in Bihar. Additionally, three new Centers of Excellence in agriculture will be established in the state. One of these centers will be set up in Bhagalpur, focusing on the Jardalu variety of mangoes, the other two centers will be established in Munger and Buxar, providing assistance to tomato, onion, and potato farmers, he added. Shri Modi emphasized that the Government was leaving no stone unturned in making decisions that benefit farmers.

    “India is becoming a major exporter of textiles”, said Shri Modi and highlighted that numerous steps are being taken to strengthen the textile industry in the country. He noted that in Bhagalpur, it is often said that even the trees produce gold. Bhagalpuri silk and tussar silk are renowned throughout India, and the demand for tussar silk is continuously increasing in other countries as well, he added. The Prime Minister emphasized that the Central government is focusing on infrastructure development for the silk industry, including fabric and yarn dyeing units, fabric printing units, and fabric processing units. These initiatives will provide modern facilities to the weavers of Bhagalpur, enabling their products to reach every corner of the world, he said.

    Shri Modi remarked that the Government was addressing one of Bihar’s major issues by constructing numerous bridges over rivers to resolve transportation difficulties. He highlighted that insufficient bridges have caused many problems for the state. He emphasized that rapid progress is being made in building a four-lane bridge over the Ganga River, with more than ₹1,100 crore being spent on this project.

    Remarking that Bihar faces significant losses due to floods, the Prime Minister highlighted that the Government had approved projects worth thousands of crores to address this issue. He mentioned that in this year’s budget the support for the Western Kosi Canal ERM Project, which will bring 50,000 hectares of land in the Mithilanchal region under irrigation, will benefit lakhs of farming families.

    “Our government is working on multiple levels to increase farmers’ income”, said the Prime Minister highlighting the efforts to boost production, achieve self-reliance in pulses and oilseeds, establish more food processing industries, and ensure that Indian farmers’ produce reaches global markets. He shared his vision that every kitchen in the world should have at least one product grown by Indian farmers. He noted that this year’s budget supports this vision through the announcement of the PM Dhan Dhanya Yojana. Under this scheme, 100 districts with the lowest crop production will be identified, and special campaigns will be launched to promote agriculture in these areas, he added. He also emphasized that mission-mode work will be carried out to achieve self-reliance in pulses, with incentives for farmers to grow more pulses and increased MSP procurement.

    Remarking that today is a very special day, the Prime Minister highlighted that the Government had set a target to establish 10,000 Farmer Producer Organizations (FPOs) in the country, and it has now achieved this goal. He shared his happiness that Bihar is witnessing the establishment of the 10,000th FPO. This FPO, registered in Khagaria district, focuses on maize, banana, and paddy, he added. He emphasized that FPOs are not just organizations but an unprecedented force to increase farmers’ income. Shri Modi noted that FPOs provide small farmers with direct access to significant market benefits. Opportunities that were previously unavailable are now accessible to our farmer brothers and sisters through FPOs. The Prime Minister mentioned that approximately 30 lakh farmers in the country are connected to FPOs, with around 40 percent of them being women. These FPOs are now conducting business worth thousands of crores in the agricultural sector, he said. He extended his congratulations to all the members of the 10,000 FPOs.

    Touching upon the Government’s focus on the industrial development of Bihar, Shri Modi highlighted that the Bihar government is setting up a large power plant in Bhagalpur, which will receive ample coal supply. He emphasized that the central government has approved coal linkage for this purpose. He expressed confidence that the electricity generated here will provide new energy for Bihar’s development and create new employment opportunities for the youth of Bihar.

    “The rise of a Viksit Bharat will begin with Purvodaya”, said Shri Modi, emphasizing that Bihar is the most important pillar of Eastern India and a symbol of India’s cultural heritage. He criticized the long misrule of the previous dispensation, which he claimed had ruined and defamed Bihar. He expressed confidence that in a developed India, Bihar will regain its position akin to ancient prosperous Pataliputra. The Prime Minister highlighted the continuous efforts being made towards this goal. He noted that their Government is committed to modern connectivity, road networks, and public welfare schemes in Bihar. He announced that a new highway from Munger to Bhagalpur to Mirza Chauki, costing approximately ₹5,000 crore, is being constructed. Additionally, the widening of the four-lane road from Bhagalpur to Anshdihwa is set to begin, he added. He also mentioned that the Indian government has also approved a new rail line and rail bridge from Vikramshila to Kataria.

    Prime Minister remarked that Bhagalpur has been culturally and historically significant, highlighting that during the era of Vikramshila University, it was a global center of knowledge. He noted that the Government had initiated efforts to link the ancient glory of Nalanda University with modern India. Following Nalanda, a central university is being established at Vikramshila and the central government will soon commence work on this project, he added. He extended congratulations to Shri Nitish Kumar and the entire Bihar government team for their swift efforts to meet the needs of this project.

    “Our Government is working together to preserve India’s glorious heritage and build a prosperous future”, said Shri Modi. He highlighted that the Maha Kumbh is currently taking place in Prayagraj, which is the largest festival of India’s faith, unity, and harmony. He noted that more people have bathed in the Maha Kumbh of Unity than the entire population of Europe. The Prime Minister emphasized that devotees from villages across Bihar are attending the Maha Kumbh. He criticized those parties who were insulting and making derogatory remarks about the Maha Kumbh. He noted that the same people who opposed the Ram Temple are now criticizing the Maha Kumbh. The Prime Minister expressed confidence that Bihar will never forgive those who insult the Maha Kumbh. He concluded by expressing that the Government will continue to work tirelessly to lead Bihar onto a new path of prosperity. He extended heartfelt congratulations to the farmers of the country and the residents of Bihar.

    The Governor of Bihar, Shri Arif Mohammed Khan, Chief Minister of Bihar, Shri Nitish Kumar, Union Ministers Shri Shivraj Singh Chouhan, Shri Jitan Ram Manji, Shri Giriraj Singh, Shri Lalan Singh, Shri Chirag Paswan, Union Minister of State, Shri Ram Nath Thakur  were present among other dignitaries at the event.

    Background

    Prime Minister has been committed towards ensuring farmer welfare. In line with this, several key initiatives will be undertaken by him at Bhagalpur. Over 9.7 crore farmers across the country will receive direct financial benefits amounting to more than Rs 21,500 crore. 

    A significant focus of the Prime Minister has been on ensuring that farmers are able to get better remuneration for their produce. With this in mind, on 29th February, 2020, he launched the Central Sector Scheme for Formation and Promotion of 10,000 Farmer Producer Organizations (FPO), which help farmers collectively market and produce their agricultural products. Within five years, this commitment of Prime Minister to the farmers has been fulfilled, with him marking the milestone of the formation of the 10,000th FPO in the country during the programme. 

    Prime Minister also inaugurated the Centre of Excellence for Indigenous Breeds in Motihari, built under the Rashtriya Gokul Mission. Its major objectives include introduction of cutting edge IVF technology, production of elite animals of indigenous breeds for further propagation, and training of farmers and professionals in modern reproductive technology. He will also inaugurate the Milk Product Plant in Barauni that aims to create an organized market for 3 lakh milk producers.

    In line with his commitment to boost connectivity and infrastructure, Prime Minister also dedicated to the nation the doubling of Warisaliganj – Nawada – Tilaiya rail section worth over Rs 526 crore and Ismailpur – Rafiganj Road Over Bridge.

     

     

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  • MIL-OSI Asia-Pac: Six times increase in union agriculture budget from 21933.50 crores in 2013-14 to 1,27,290 crores in 2025-26 highlights Union Minister Dr. Jitendra Singh

    Source: Government of India

    Six times increase in union agriculture budget from 21933.50 crores in 2013-14 to 1,27,290 crores in 2025-26 highlights Union Minister Dr. Jitendra Singh

    “22,000 crore to be disbursed to 9.8 crore farmers as the 19th installment of PM Kisan with 3.46 lakh cores disbursed in 18 installments” says Dr. Singh

    Increase in limit of Kisan Credit Cards from 3 lakh to 5 lakh marks significant leap

    30 lakh more farmers added as beneficiaries under PM KISAN in 2025
    PM Dhan Dhanya Krishi Yojana aims to identify 100 districts for agriculture advancement

    Posted On: 24 FEB 2025 5:37PM by PIB Delhi

    Union Minister Dr. Jitendra Singh today lauded the remarkable strides made in India’s agricultural sector, highlighting a sixfold increase in the Union agriculture budget, from ₹21,933.50 crore in 2013-14 to ₹1,27,290 crore in 2025-26.

    Dr. Jitendra Singh made these remarks while addressing the disbursal of the 19th installment of the PM KISAN scheme in Bhagalpur, Bihar. He virtually joined the meeting at Krishi Vigyan Kendra Jammu.

    The Union Minister proudly announced that the government would be disbursing ₹22,000 crore to 9.8 crore farmers as part of this installment. With ₹3.46 lakh crore already distributed in 18 installments, the PM KISAN program continues to play a pivotal role in supporting farmers’ livelihoods. In a bid to further strengthen the program, Dr. Singh revealed that 30 lakh more farmers have been added as beneficiaries under the PM KISAN scheme.

    The Union Minister also highlighted the increase in the Kisan Credit Card (KCC) limit from ₹3 lakh to ₹5 lakh, which will significantly improve access to credit for farmers, enabling them to invest in modern agricultural practices and equipment.

    Dr. Jitendra Singh also unveiled the PM Dhan Dhanya Krishi Yojana, a new initiative aimed at identifying 100 districts for agricultural advancement, thereby ensuring that targeted resources and technologies are provided to boost productivity in these areas.

    Union Minister Dr. Jitendra Singh speaking at the function to disburse the 19th installment of PM KISAN NIDHI by Prime Minister Narendra Modi.

    Dr. Jitendra Singh emphasized the transformation in India’s agricultural ecosystem over the last decade, calling Prime Minister Narendra Modi the champion of farmers’ welfare. He recalled the Prime Minister’s vision of doubling farmers’ incomes and enhancing agricultural technologies to supplement their efforts.

    “Over the past decade, we have witnessed a significant transformation in agriculture, with the government ensuring fixed support to farmers. Initiatives like soil health cards, Kisan Credit Cards, financial inclusion, and advanced technologies, such as drone usage for spraying pesticides and fertilizers, micro-irrigation in high-altitude areas, and the expansion of irrigation facilities, have played a crucial role,” said Dr. Singh.

    He emphasized that these efforts not only benefit agriculture but also contribute significantly to the Indian economy, with agriculture being the prime mover of India’s growth.

    The Minister also enumerated other key government initiatives, such as the 6-year National Mission on Millets, National Mission on High-Yielding Seeds, the ‘Makhana Board’ to be established in Bihar, and new agricultural research and development programs aimed at enhancing crop yields. Dr. Singh pointed to the new urea plant in Assam with a capacity of 12.7 lakh tonnes, underscoring the growing emphasis on the eastern part of India in the nation’s agricultural plans.

    Towards the conclusion of his speech, Dr. Singh underscored the government’s commitment to making farmers and agriculture a vital part of Viksit Bharat @2047. He reaffirmed that the government’s continued efforts to empower farmers and modernize agriculture would ensure the nation’s agricultural sector thrives and contributes to sustainable economic growth.

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  • MIL-OSI Asia-Pac: A delegation of “All-India National Public Sector Employees Federation” today called on Union Minister Dr. Jitendra Singh and discussed issues related to different Pension Scheme options

    Source: Government of India

    A delegation of “All-India National Public Sector Employees Federation” today called on Union Minister Dr. Jitendra Singh and discussed issues related to different Pension Scheme options

    The Federation delegation expressed gratitude for the Minister’s efforts and commitment to the welfare of pensioners and employees

    Employees Federation representatives conveyed their appreciation for the recent amendments in the National Pension System (NPS), which include key enhancements such as the increase in government contribution from 10% to 14%

    Jeevan Praman – Digital Life Certificate eased Pensioners Lives, Federation Tells Dr. Jitendra Singh

    Posted On: 24 FEB 2025 5:35PM by PIB Delhi

    A delegation of “All-India National Public Sector Employees Federation” today called on Union Minister of State (Independent Charge) for Science & Technology, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy, and Space, Dr. Jitendra Singh at his DoPT office at North Block and discussed issues related to different Pension Scheme options.

    The Employees Federation (NPSEF) representatives conveyed their appreciation to Dr. Jitendra Singh for the recent amendments in the National Pension System (NPS), which include key enhancements such as the increase in government contribution from 10% to 14%. This move is a major relief for employees, providing them with greater financial security in their retirement years. The Federation also expressed gratitude for the introduction of the Unified Pension Scheme (UPS), which aims to streamline pension schemes for better management and greater benefits for employees across various sectors.

    The Federation delegation expressed gratitude for the Minister’s efforts and commitment to the welfare of pensioners and employees. The Federation further commended the Department of Pensions and Pensioners Welfare (DoPPW) for its proactive approach and significant initiatives that have substantially improved the pension system.

    A high-level delegation of  “All-India National Public Sector Employees Federation” calling on Union Minister Dr. Jitendra Singh at DoPT, North Block, New Delhi.

    The Minister for Pensions briefed the delegation on the advantages of both the NPS and the UPS, urging them to carefully assess and make an informed choice regarding their pension schemes. He reiterated that the government’s priority is the welfare of employees, and these recent reforms were designed to provide a more secure, transparent, and beneficial pension system.

    Dr. Jitendra Singh shared the immense benefits of technology-driven solutions and the recent pension reforms.

    During the meeting, the office bearers of the federation conveying their feedback on the Jeevan Praman Digital Life certificate said “It has eased life of pensioners as there is no need to visit nearby banks or post offices and verification can be done with a single click of Smart Phone.”

    Dr. Jitendra Singh emphasized the importance of technology in streamlining pension services, particularly highlighting the use of Facial Recognition Technology in delivering Jeevan Praman- Digital Life Certificates. This cutting-edge solution has greatly eased the process for pensioners, allowing them to submit their life certificates digitally with ease and security. The technology has not only enhanced convenience for pensioners but also minimized delays and potential fraud, significantly improving the quality of pensioner services.

    In his address, the Union Minister also guided the Federation on the way forward, emphasizing the importance of continuous dialogue between the government and employees’ unions to ensure that the needs and concerns of pensioners and employees are addressed comprehensively.

    Shri. V. Srinivas, Secretary, DoPPW along with Shri. Dhrubjyoti Sengupta, Joint Secretary, DoPPW were also present during the meeting.

    From the federation Dr Manjeet Singh Patel, National President ; Ashish Singh, President Ordnance Employees Union, Muradnagar; Manish Prajapati, Delhi Nurses Federation, Leader; Sanjeev Verma, President, Indira Gandhi Open University staff association; Vinod Yadav, Secretary Delhi Teachers Association along with Mohd. Iqbal Qasim, Arun Verma, Shyam Sunder were present for the meeting.

    The meeting was a clear indication of the government’s ongoing commitment to pensioners and employees, with a focus on harnessing the power of technology and enhancing pension schemes for a more secure and well-managed retirement.

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    NKR/PSM

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: India poised to host the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific in Jaipur

    Source: Government of India

    India poised to host the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific in Jaipur

    The 12th Forum will conclude with the adoption of the ‘Jaipur Declaration’ for enabling a transition to  a resource-efficient, circular economy in Asia-Pacific countries: Shri Manohar Lal

    Over 500 international and domestic participants are expected to attend the three-day conference

    A dedicated ‘India Pavilion’ will showcase India’s remarkable initiatives and achievements in the 3R and circular economy domain

    A compendium of over 100 best practices put together by the National Institute of Urban Affairs (NIUA) will be launched

    Posted On: 24 FEB 2025 5:32PM by PIB Delhi

    “India will host the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific. The Forum will take place at the Rajasthan International Centre in Jaipur on 3-5 March 2025. The event will centre on the theme of “Realizing Circular Societies Towards Achieving SDGs and Carbon Neutrality in Asia-Pacific.” said Union Minister Shri Manohar Lal at the Curtain Raiser  event organized today at the National Media Centre, New Delhi as a precursor to the main Forum.

    Union Minister also informed that over 500 international and domestic participants are expected to attend the three-day conference packed with plenary sessions, country-specific discussions, theme-based roundtables, as well as knowledge-sharing and networking opportunities. He also informed that the delegates will also have an opportunity to undertake technical field visits to the solid and liquid waste management facilities and visit key heritage sites in Jaipur.

     

    A dedicated ‘India Pavilion’ will showcase India’s remarkable initiatives and achievements in the 3R and circular economy domain. This Pavilion will feature exhibitions from key line ministries and national missions, reflecting India’s whole-of-government approach to sustainable development. It will also serve as a hub for interactive knowledge-sharing, with sessions such as the ‘Ministers & Ambassadors Roundtable Dialogue,’ ‘Mayors’ Dialogue,’ ‘Policy Dialogue’ and the signing of agreements under the CITIIS 2.0 program. Multiple launches of knowledge products will take place at the Forum including a compendium of over 100 best practices put together by the National Institute of Urban Affairs (NIUA).

    The Forum will host an international ‘3R trade and technology exhibition’, providing a platform for over 40 Indian and Japanese businesses and start-ups to showcase best practices, ideas and solutions that support circularity and 3R principles while encouraging cross-learning. Union Minister Shri Manohar Lal informed that ‘Waste-to-wealth initiatives by NGOs and Self-help Groups across India will also be showcased at the Forum promoting sustainability-driven entrepreneurship and community engagement.

    Shri Manohar Lal informed that the 12th Forum will conclude with the adoption of the ‘Jaipur Declaration’ for enabling transition to  a resource-efficient, circular economy in Asia-Pacific countries and will be handed over  to the next host country. The Jaipur Declaration (2025-34) builds upon the Hanoi Declaration (2013-23) and aims to provide participating countries with a framework for developing 3R and circular economy policies and programs, which enable a shift from a linear ‘take-make-dispose’ economy to a circular economy. It is a voluntary and legally non-binding agreement.

    Launched by UNCRD in 2009, the Regional 3R and Circular Economy Forum aims to provide strategic policy inputs to government authorities in the Asia-Pacific region for mainstreaming 3R (reduce, reuse, recycle) and circularity and serve as a platform for disseminating and sharing best practices in 3R. The last Forum was hosted in 2023 by Cambodia. India has previously hosted the Forum in 2018, when the 8th edition was held in Indore.

    The 12th Regional Forum is being spearheaded by the Swachh Bharat Mission- Urban of the Ministry of Housing and Urban Affairs in collaboration with Japan’s Ministry of the Environment, UN ESCAP, UNCRD, UNDSDG, and UNDESA, with support from the Government of Rajasthan.

    This Forum, focused on the Asia-Pacific region, aims to guide member-countries in shaping policies and actions on 3R and the circular economy in the coming years. With participation expected from 38 invited member countries, 15-line ministries of the Government of India, almost all States/UTs, over 60 cities, more than 40 start-ups and businesses, and around 120 speakers across 3 days, this Forum will serve as a platform for policy discussions, collaboration and knowledge exchange. By fostering these partnerships, it will accelerate progress towards a circular economy and the achievement of the Sustainable Development Goals (SDGs).

     

    The 12th Regional 3R and Circular Economy Forum will be open for virtual participation on all three days. Participants may attend the sessions online by registering on https://3rcefindia.sbmurban.org/.

    QR Code for virtual participation:

       

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    JN/SK

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: ECI to organise a conference of Chief Electoral Officers of States/UTs

    Source: Government of India (2)

    Posted On: 24 FEB 2025 5:12PM by PIB Delhi

    The Election Commission of India has scheduled a two-day conference with the Chief Electoral Officers of all States/UTs on March 4-5, 2025 at India International Institute of Democracy & Election Management, New Delhi.

    This is the first such conference to be held since Shri Gyanesh Kumar assumed charge as CEC. In a first, the CEOs have been instructed to nominate a DEO and an ERO to take part in the conference. As statutory authorities, CEOs, DEOs and EROs are important functionaries at the State, District and Assembly Constituency levels.

    The two-day conference offers a platform for the election officials of the States/UTs for brainstorming and mutual learning from each other’s experiences. Day 1 of the Conference will have discussions on key areas of modern election management including IT Architecture, Effective Communication, enhancing social media outreach and statutory role of different functionaries in the electoral processes. On the second day, CEOs of States/UTs will present their respective action plan on thematic discussions of the previous day.

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    PK/GDH/RP

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: ‘Adolescent Girls Club’ formed in Nagaland schools for girls

    Source: Government of India (2)

     ‘Adolescent Girls Club’ formed in Nagaland schools for girls 

    Clubs will empower adolescent girls through education, health awareness, and social & life skills building

    Posted On: 24 FEB 2025 4:02PM by PIB Delhi

    Adolescence  is a critical developmental phase marked by various challenges and opportunities. It is a period when an individual lets go of a safe hold on childhood and reaches out for a firm grasp on adulthood. It is a phase of intense physiological and psychological transformation where teens are exposed to the most vulnerable and susceptible conditions, which could steer them to unhealthy and risk-taking behaviors. However, with proper guidance, it will help them to explore their strengths and talents, and conquer their dreams.

    On 5 October 2024, the first Adolescent Girls Club under Mission Shakti was launched at Don Bosco Higher Secondary School, Wokha , Nagaland with 50 adolescent girls as its members. Such adolescents’ girls’ clubs are formed at both government and private schools for the girls in the age group of 10-19 years.

    The Mission of “Adolescent Girls’ Club” Wokha with the motto “Live the promise” is to empower adolescent girls through education, health awareness, and social and life skills building to become confident, informed and compassionate leaders of tomorrow.

    The clubs are formed in Nagaland with the following objectives:

    1. Empowerment: To equip the adolescent girls with skills, knowledge and confidence to make informed decisions.

    2. Education: To provide access to resources that enhance academic performance and life skills.

    3. Health awareness: To promote awareness about reproduction, health, risky sexual behavior, effect of substance abuse, nutrition, and mental health.

    4. Leadership development: To cultivate leadership skills through workshops and mentorship programmes.

    5. Social well-being: To encourage participation in community service projects to develop a sense of belonging and responsibility.

    Activities such as workshops and trainings, mentorship programmes, health camps, community projects, and creative expression workshops are being focused to help the adolescent girls foster their strengths and talents.

    A special adolescent Tool Kit to serve as a guide for the adolescent girls, parents is in the process of publication. Teachers and counsellors work on different IEC materials related to adolescent girls such as MHH, mental health, teenage pregnancy and its impact, child abuse and its prevention, helpline numbers, etc., for it to  be distributed to adolescent girls. It has also been decided to conduct monthly activity in the adolescent girls club to keep the members active and for them to discuss their concerns.

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    MIL OSI Asia Pacific News

  • MIL-OSI USA: South Carolina Attorney General Alan Wilson joins 20-state coalition defending Presidential authority over executive branchRead More

    Source: US State of South Carolina

    (COLUMBIA, S.C.) – Today, South Carolina Attorney General Alan Wilson joined 19 other state attorneys general in filing a friend-of-the-court brief in the United States District Court for the District of Columbia to uphold the President’s constitutional at-will removal authority over executive branch officials. Within one week, South Carolina has joined in Bessent v. Dellinger, Storch v. Hegseth, and Wilcox v. Trump, reinforcing the vital principles of separation of powers and state sovereignty. 

    The three briefs defend President Trump’s ability to hire and fire cabinet officials within both the executive branch and independent agencies. Indeed, the President wields the Constitutional authority to remove such officers without restrictions. 

    “The Constitution gives the President clear authority to manage the executive branch, and that includes removing officials who no longer have his confidence,” said Attorney General Wilson. “When Congress or courts interfere with that power, they disrupt the accountability South Carolinians and all Americans expect from their federal government. This case is about protecting the balance of power that safeguards our state’s sovereignty.” 

    The 20-state coalition—including Alabama, Alaska, Arkansas, Florida, Georgia, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Texas, and West Virginia—warns that the concept of maintaining independent executive officers free from Presidential oversight threatens our Federalist system. Recent Supreme Court cases like Seila Law v. CFPB   underscore the President’s plenary removal power and highlight the historical limits on judicial intervention in such cases. 

    “We’ve joined this battle three times now because it’s critical to our system of government,” Wilson added. “South Carolina stands firm in defending the President’s authority and the principles that keep power in check.” 

    The three cases are Bessent v. Dellinger, Wilcox v. Trump, and Storch v. Hegseth

    The as-filed briefs are available here, here, and here.  

    MIL OSI USA News