Category: Weather

  • MIL-OSI USA: “Wholly Irreplaceable”—Endangered Species in Saint Vincent and the Grenadines and the CITES Convention

    Source: US Global Legal Monitor

    The following is a guest post by Jai-Len Williams, a foreign law intern in the Global Legal Research Directorate of the Law Library of Congress.

    On July 1, 2024, category four Hurricane Beryl devastated the multi-island state of Saint Vincent and the Grenadines. The livelihood of the Vincentian people, especially in the Southern Grenadines islands of Union Island, Mayreau, and Canouan, was severely impacted. Today, families are still displaced and recovery efforts are ongoing.

    Union Island Gecko, photo by the Union Island Environment Alliance (UIEA) photographer Jeremy Holden. Used with UIEA permission

    The impact on the ecosystem is also of concern. On the Grenadine island of Union Island, there lives a rare, bejeweled, and beautiful lizard called the Union Island Gecko (Gonatodes daudini), also known as the Grenadines clawed gecko. It was described as “wholly irreplaceable” by the Caribbean Natural Resources Institute in their report titled “The Caribbean Islands Biodiversity Hotspot.” From its discovery in 2005, the Union Island Gecko was so named because it is only known to live in about 123 acres (50 hectares) of the Chatham Bay Forest area of Union Island. It is not only unique but also tiny, as it is considered to be about the size of a paperclip. It is listed as “Critically Endangered” by the IUN Red List. The Wildlife Protection Act of 1987 protects wildlife from being removed from St Vincent and the Grenadines. However, there was no protection on the gecko under international law. In 2019, at the 18 Meeting of the Conference of the Parties in Geneva Switzerland, a decision was taken for the endemic lizard to be added to Appendix 1 of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) to protect its survival, prevent over-harvesting for the international pet trade, and destruction of its habitat.

    Over the years, with assistance from residents and local, regional and international organizations, including the Saint Vincent and the Grenadines Forestry Department, the Saint Vincent and the Grenadines Environmental Fund, the Union Island Environment Alliance, the Caribbean Biodiversity Fund, Fauna & Floral, Virginia Zoo, Re:Wild, the BBC, National Geographic, Disney Conservation Fund, the United Nations Development Programme (UNDP), and the United States Agency for International Development (USAID), the conservatory efforts reaped the reward of an increase in the gecko population. According to a 2022 survey, there was an 80% increase in the population of the Union Island Gecko.

    However, due to the devastating impacts of the recent passage of Hurricane Beryl on Union Island, as of July 2024, according to the Director of Forestry, Fitzgerald Providence, the Chatham Bay Forest area was seen to have total defoliation and the status of the Union Island gecko population is unknown. After the recent assessment carried out by the forestry department, Wildlife supervisor Glenroy Gaymes stated that with the forest destruction, the gecko is impacted, as it has shown signs of distress and habitat disruption. As a result, the forestry department is looking at the way forward, which is to mitigate the impact by restoring the gecko’s habitat, community engagement and monitoring programs.

    Another endemic specie, the Amazona Guildingii—the national bird of Saint Vincent and the Grenadines has also had its fate tested by natural disasters affecting its habitat on mainland Saint Vincent. Most recently, it has suffered from the April 2021 series of explosive eruptions of the La Soufriere volcano. The Amazona Guildingii is an exotic multicolored parrot whose habitat includes the northern forest of the island, near the slopes of the volcano.

    The Amazona Guildingii is also listed in Appendix 1 of CITES. According to the Director of Saint Vincent and the Grenadines Forestry Department, their assessment showed that while in 2021, there was an Amazona Guildingiiparrot that suffered and later died due to ash inhalation, many of the parrots managed to survive by migrating from the Red Zones to the safer zones.

    Long live the Union Island Gecko and the Amazona Guildingii!

    For more information on CITES and endangered species protection on a national and international level, please consult the following selected In Custodia Legis resources:

    • Elin Hofverberg, Can you Legally Import a Toucan? No, you Probably Cannot (guest post by Elizabeth Boomer, September 20, 2021)
    • Jenny Gesley, Grizzly Bears and the Endangered Species Act ( July 28, 2021)
    • Hanibal Goitom, Law Library of Congress Report on Regulations Concerning the Private Possession of Big Cats (guest post by Laney Zhang, October 21, 2013)
    • Hanibal Goitom, Law Library Report on Wildlife Trafficking and Poaching (April 9, 2013)
    • Laney Zhang, Baby Pandas and the Law: In Memory of Mei Xiang’s Cub (September 27, 2012)

    Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.

    MIL OSI USA News

  • MIL-OSI Economics: Open letter to climate ministers in advance of COP29 

    Source: International Chamber of Commerce

    Headline: Open letter to climate ministers in advance of COP29 

    Dear Ministers,  

    I am writing in advance of COP29 to seek your active support in ensuring the conference delivers robust and tangible outcomes capable of speeding climate mitigation and adaptation efforts across the real economy.

    Last year, the global business community unequivocally welcomed the successful adoption of the “UAE Consensus” as providing a clear path to keep global temperature increase to 1.5°C. COP29 must now deliver an outcome of equivalent ambition to enable the full implementation of that framework across all countries – and at the lowest possible economic cost.

    In this context, we urge you to ensure that COP29 delivers two core outcomes. Specifically:

    1. A truly ambitious, actionable, and comprehensive New Collective Quantified Goal on Climate Finance (“NCQG”).

      This should, of course, encompass a strong and central public finance commitment in keeping with the scale of climate finance needs of developing and climate-vulnerable economies. But – given that almost half of climate finance today is provided by private actors – we also urge you to seize the opportunity to incorporate in the NCQG an “outer layer” setting out a global investment target and an actionable roadmap to align the global financial system with the goals of the Paris Agreement.

      To be meaningful, this should include specific commitments to tackle prevailing barriers to the deployment of climate finance from private sources in developing economies – from the calibration of global financial stability rules to the impact of sovereign debt levels on climate-related investments. While we recognise that the solution to many of these challenges will need to be pursued outside the mandate of the UNFCCC, we believe a strong political commitment in the NCQG itself could have an important catalytic effect in advancing much-needed action by other relevant institutions.

      Barriers to the deployment of private climate finance are real, well evidenced and cannot be wished away by high-level targets. Setting a new action agenda to forge an enabling environment for private finance would – in our view – represent the biggest step forward in combatting climate change since the gavelling of the Paris Agreement.

      2. Full operationalisation of Article 6 of the Paris Agreement to unleash the potential of international carbon markets to accelerate the pace and scale of emissions reductions.

      In this context, we have been encouraged by the progress of negotiations in recent months in addressing outstanding issues on both Article 6.2 and 6.4 – but remain alert to continued differences amongst parties on critical provisions related to authorisations, registries and the sequencing of reporting and reviews.

      After almost a decade of negotiations, further delay in concluding outstanding guidance on Article 6.2 implementation and the operationalisation of a global trading mechanism under Article 6.4 would represent a serious blow to business confidence in the future of international carbon markets – placing a further (and entirely avoidable) drag on implementation efforts in the real economy.

      Given the scale of finance and efficiency savings that could be generated by robust cross-border carbon markets, we count on your leadership to resolve all outstanding issues with the necessary pragmatism in Baku – staying true to commitments made at prior COPs to avoid micro-management approaches and further politicisation of the issues at stake.

      Simply put: it is time to get a comprehensive and workable agreement on Article 6 over the line – laying the foundations for high-integrity cross-border carbon markets.

      Taken together, we believe these two core deliverables would provide the ideal foundation for governments to submit significantly upgraded Nationally Determined Contributions by 2025 – establishing clear and credible transition plans and coordinated policies at all levels, capable of enabling a virtuous cycle of green business investment in every country and real international cooperation.

      Companies across the International Chamber of Commerce’s global network are increasingly feeling the impacts of climate-related extreme weather events – from the destruction of infrastructure to the erosion of human capital. That is why we say – with genuine perspective – that decisions on finance and carbon markets cannot be delayed or deferred beyond this year.

      The time for action is now. And, in that spirit, please do not hesitate to let me know how we can best support you in ensuring COP29 delivers the ambitious and actionable outcomes the world – and, not least, the private sector – so desperately needs.


      Read more about ICC climate action policy

      MIL OSI Economics

    1. MIL-OSI: ClimateDoor Launches Sustainable E-Commerce Brand Ona Naturals to Disrupt Odor Neutralizer Market

      Source: GlobeNewswire (MIL-OSI)

      Vancouver, BC, Oct. 21, 2024 (GLOBE NEWSWIRE) — ClimateDoor, ‏‏www.climatedoor.com‏‏, A premier venture builder that helps climate-related businesses scale through capital, grants, partnerships and executional ability, is proud to announce the launch of Ona Naturals Inc., an eco-friendly and all-natural odor neutralizing company designed to transform the way consumers combat unwanted odors. With a wide array of products featuring essential oil-based formulations, Ona Naturals aims to outperform traditional odor sprays and neutralizers in both effectiveness and environmental sustainability.‏

      ‏Ona Naturals is committed to providing consumers with high-quality, natural alternatives that not only eliminate odors but also promote a healthier living environment. The company’s innovative approach utilizes terpene-based formulations derived from natural essential oils. These terpenes, known for their anti-bacterial and oxygenating properties, bind with odor molecules at the molecular level, neutralizing them through adsorption and chemical reactions. This process not only removes odors permanently but also improves air quality by reducing airborne chemicals and bacteria. With over 25 years of research behind this technology, Ona Naturals offers a sustainable, non-toxic solution that is safe for both people and pets, positioning itself as a climate-conscious alternative to traditional chemical-based sprays.‏

      ‏To bring this innovative brand to life, ClimateDoor is collaborating with two partners: Odorchem, a Vancouver-based manufacturing and distribution firm with over 30 years of experience in the odor neutralization industry, and Hilltop Media, a Vancouver-based e-commerce and branding expert. This collaboration combines Odorchem’s extensive industry knowledge with Hilltop’s branding and digital marketing expertise, ensuring that Ona Naturals will resonate with consumers seeking sustainable solutions.‏

      ‏”We are excited to introduce Ona Naturals as a game-changer in the odor neutralizer market,” said Nick Findler, President of ClimateDoor. “With the rising demand for eco-friendly products and getting rid of chemicals in our homes, we believe our innovative approach and strategic partnerships will set a new standard for odor control solutions.”‏

      ‏Ona Naturals is poised to capture the attention of environmentally conscious consumers looking for effective and sustainable odor neutralization options. By prioritizing natural ingredients and environmentally friendly practices, Ona Naturals aligns with the growing trend toward conscious consumerism.‏

      ‏For more information and to explore ClimateDoor’s product offerings, please visit ‏‏www.climat‏‏edoor.com‏

      ‏Media Contact:‏

      ‏Nick Findler‏
      ‎‏President, ClimateDoor‏
      ‎‏Nick@climatedoor.com‏
      ‎‏778-952-0418‏

       

      Please click to view image

      The MIL Network

    2. MIL-OSI USA: Response and Recovery Efforts in Western North Carolina

      Source: US State of North Carolina

      Headline: Response and Recovery Efforts in Western North Carolina

      Response and Recovery Efforts in Western North Carolina
      mseets

      After Hurricane Helene, North Carolina continues leading a robust response and recovery with the support of federal, local, and non-profit partners.

      Helene hit North Carolina 25 days ago as the deadliest tropical storm in the state’s history. Because Governor Cooper declared a State of Emergency Declaration before the storm hit, North Carolina National Guard soldiers, swift water rescue teams, equipment and supplies were positioned in Western North Carolina to respond as soon as the storm passed. Just as this storm was unprecedented, the response that followed has been unprecedented in its size and speed.

      Key Progress and Numbers

      Today there are approximately 5,000 customers without power down from more than one million customers just after the storm. Most of the cell phone coverage that was wiped out by the storm has been restored. The NC Department of Transportation (NCDOT) has opened 789 roads of the approximately 1,200 roads that were closed as a result of the storm, which is significant considering the difficulty of making repairs in a rugged, mountainous region. NCDOT currently has approximately 2,000 employees and 900 pieces of equipment working to re-open roads that remain closed. 28 of the school districts that were closed following the storm have re-opened, with 7 still closed, two of which are scheduled to re-open this week.

      North Carolina National Guard (NCNG) soldiers and other military personnel rescued 765 people with local first responders and swift water teams rescuing hundreds more. The state has confirmed 95 fatalities and there are currently approximately 26 people still unaccounted for.

      Air Drop of Supplies and Commodities

      Because road access was limited, the state, local and federal government working with nonprofits and volunteers used a system for aerial delivery of supplies and commodities like water, food and medicine. Supplies were brought into the Asheville airport by plane and then delivered to other parts of Western North Carolina by helicopter.

      At the height of this operation, more than 30 planes and helicopters and 1,200 ground vehicles were in use. More than 27 million pounds of food and water were delivered by the state and federal government, with more being brought by non-profits and charities.

      National Guard and Military

      The response to Helene was the largest and fastest integration of U.S. military soldiers with the National Guard in North Carolina history.

      More than 3,150 Soldiers and Airmen have been working in Western North Carolina in the aftermath of the storm. Joint Task Force- North Carolina, led by the North Carolina National Guard is made up of Soldiers and Airmen from 12 different states, two different XVIII Airborne Corps units from Ft. Liberty, a unit from Ft. Campbell’s 101st Airborne Division, and numerous civilian entities working side-by-side to get the much-needed help to people in Western North Carolina.

      The Army Corps of Engineers is working with local, state and federal experts, including the EPA and the N.C. Department of Environmental Quality (NCDEQ), to assess damages, remove debris and repair water systems.

      More than 1,600 responders from 39 state and local agencies have performed 146 missions supporting the response and recovery efforts through the Emergency Management Assistance Compact (EMAC).

      FEMA

      Approximately $129 million in FEMA Individual Assistance funds so far have been paid directly to people in Western North Carolina hurt by the storm and more than 207,000 people have registered for Individual Assistance. More than 6,200 people have been able to get temporary housing through FEMA’s Transitional Sheltering Assistance. More than 5,100 registrations for Small Business Administration Loans have been filed.

      Approximately 1,500 FEMA staff are in the state to help with the Western North Carolina relief effort. In addition to search and rescue and providing commodities, they have been meeting with disaster survivors in their neighborhoods and homes, in shelters, and in other areas to provide rapid access to relief resources.

      Cooper Signed Bipartisan Bill for Funding and Elections

      Just days after the storm, state legislators returned to Raleigh on October 9 to begin the process of allocating state funding for storm recovery. On October 10, Governor Cooper signed HB 149 into law as a first step in that process. In addition to initial funding, the bill also allows people in affected counties to have more options in where they return absentee ballots and gives flexibility to local election boards in impacted counties to ensure people have opportunities to vote. The 2024 election will be safe and secure, and people impacted by the storm will be able to make their voices heard.

      Governor Cooper also raised the amount of weekly unemployment payments for the thousands of people temporarily out of work. The Executive Order increasing benefits won unanimous bipartisan support from the NC Council of State.

      Misinformation and Disinformation Permeate the Response

      Governor Cooper and a bipartisan array of local, state and federal North Carolina officials have called out the intentional spread of disinformation and misinformation as detrimental to this response and recovery, leading to threats and intimidation, breeding confusion, and demoralizing storm survivors and response workers.

      On October 11, Governor Cooper responded to one of Donald Trump’s social media posts by saying, “This is a flat out lie. We’re working with all partners around the clock to get help to people. Trump’s lies and conspiracy theories have hurt the morale of first responders and people who lost everything, helped scam artists and put government and rescue workers in danger.”

      At a media briefing on October 16, Governor Cooper was asked why he believes the misinformation and disinformation have been worse after this storm compared to others. Governor Cooper explained:

      “Candidates are using people’s misery to sow chaos for their own political objectives, and it’s wrong. This is a time where we all need to pull together to help the people of Western North Carolina and it’s disappointing when candidates, knowing full well what they’re doing, are continuing this kind of disinformation filled with lies,”

      Efforts Will Continue to Ensure Long Term Recovery

      Other resources have surged into the area following the storm. $100 million in emergency funding from US Department of Transportation has been granted. NC Department of Health and Human Services, NCDEQ, Department of Motor Vehicles, NC Department of Public Instruction and many other state entities are supporting response and recovery.

      Western North Carolina has never experienced a storm like this. Recovery in mountainous terrain will require a unique, united and sustained effort that focuses on people who’ve lost everything while leaving politics at the door. With just weeks until the 2024 election, the Governor’s office urges all leaders to stick to the truth and not spread disinformation and misinformation, which only hurts the people who need help and those on the ground giving it their all to provide that help.

      ###

      Oct 21, 2024

      MIL OSI USA News

    3. MIL-OSI USA: Climate futures for lizards and snakes

      Source: US Geological Survey

      Have you found your niche? 

      For us humans that usually means we’ve found a job or hobby that is perfectly suited to our interests and skills. A climate niche is similar—it’s the combination of temperature and precipitation that is perfectly suited to a species’ needs. Climate is particularly important for lizards and snakes because they are ectotherms, commonly referred to as “cold-blooded.”  That means they depend on the environment for warmth since their bodies don’t generate heat on their own. 

      It’s no surprise then that the southwestern U.S. and Mexico are home to the most lizard and snake species in western North America. However, as the climate warms and water availability becomes more variable, the locations of species’ climate niches could change. Parts of the continent that were previously suitable for a species could become too warm, while areas farther north or higher in elevation that were previously too cold for reptiles could become “just right.” 

      This classic Goldilocks story was the focus of a recent study by U.S. Geological Survey and U.S. Forest Service researchers. Where will those ideal climate conditions be as climate change unfolds across the West? Answering that question could help us predict where species will live in the future, providing valuable information for those working today to sustain biodiversity tomorrow.

      Scientists gathered data on the recent distributions of 130 lizard and snake species found from Mexico to western Canada. 

      The climate in each species’ current range defined its “climate-niche distribution” or the area where the temperature and precipitation have been suitable for survival and reproduction over the last 30 years or so. 

      Then, the team looked at where those same climate conditions may occur later in the century based on multiple climate change scenarios. 

      Overall, future climate-niche distributions are predicted to shift northward and towards higher elevations. 

      By the end of the century, 68% of the 130 species are predicted to have an expanded climate-niche distribution, potentially resulting in new species arriving across state and international borders if there are no barriers to dispersal. 

      Idaho and Colorado are the states predicted to have the most species knocking at their door. Both states border vast deserts to the south and have remarkable elevation gradients.

      Dede Olson, research ecologist with the U.S. Forest Service Pacific Northwest Research Station says:

      “As species migrate northward, they could cross jurisdictional boundaries, such as private lands, state lines, or even international borders. Natural resource agencies might find themselves managing species that were not previously within their regions.”

      On the map to the right, areas shaded in yellow have suitable climate for a larger number of reptile species. The maximum number of species is 68 in the recent time period and 69 in the future scenario. Areas in purple are suitable for fewer species. 

      Although most species are predicted to enjoy an expanded climate niche, 8.5% of species—mostly in the southwest United States and Mexico—could lose climate-niche space as parts of their current ranges become too warm and dry for survival. The states of Chihuahua and Sonora in Mexico are predicted to lose climate-niche space for the most species.

      The researchers behind the study released the full data set to the public and developed a data visualization tool to make it easy to explore the results and learn more about how climate change could impact local species. The data release includes downloadable data, including full-page illustrations of climate-niche predictions for each species. 

      Anyone from scientists and resource managers to local residents interested in the wildlife in their own backyard can use the tool. The interactive figures display the results by species, state, or elevation.

      Michelle Jeffries, a biologist with the USGS Forest and Rangeland Ecosystem Science Center says:

      “We created this data visualization tool so resource managers will be able to quickly identify which species may need attention as the climate changes. The tool brings the figures from the paper to life. It allows users to interact with the data, filter it, and create their own figures tailored to their specific needs or interests.”  

      Whether those reptile species can actually move towards cooler climates and survive in new habitats depends on many factors. Human-created barriers like cities or roads could block the way, or natural obstacles like rivers and canyons could halt progress. 

      On the map to the right, areas shaded in brown are predicted to lose climate-niche space for reptile species in the future. Areas in teal are predicted to gain species. These simulated dispersal scenarios are on opposite ends of the spectrum. Actual changes in climate-niche species richness will likely fall somewhere in between: some species will be able to disperse and others will not.

      There could be other habitat suitability considerations as well, like food availability or predators. It’s also possible that some species will adapt to the changing climate of their current range and stay put. Populations with enough genetic variation could evolve tolerance to warmer temperatures over generations. In other words, a shift in climate-niche doesn’t necessarily mean a species’ distribution will shift accordingly.

      David Pilliod, research ecologist with the USGS and lead author of the publication said:

      “Researchers around the world are looking at links between genetics and climate adaptation, temperature and reproduction, the timing of life history events and migrations…it’s a long list. Reptiles are a very diverse but understudied group, and we know they’re particularly sensitive to changes in environmental temperature. We wanted to try and focus attention on species and habitats that could be impacted by climate change relatively soon.”

      This early warning that climate-niche distributions could change, and reptile species could be gained or lost, gives wildlife managers a chance to prepare. The results of this study are relevant to managers across 47 states and provinces from Mexico to western Canada with responsibilities for species conservation and habitat management. 

      MIL OSI USA News

    4. MIL-OSI Canada: Significant federal infrastructure improvements completed at Radium Hot Springs in Kootenay National Park

      Source: Government of Canada News

      Upgrades and repairs to beloved Aquacourt ensures the future of this heritage building.

      Upgrades and repairs to beloved Aquacourt ensures the future of this heritage building.

      October 21, 2024            Radium Hot Springs, British Columbia             Parks Canada

      The Radium Hot Springs Aquacourt, located in Kootenay National Park, hosts more than 200,000 visitors each year. The hot mineral waters that flow from the ground have drawn people to this place since time immemorial. These hot springs were known and used, both recently and historically, by the Ktunaxa and Secwépemc people for their therapeutic properties. They are sacred places of healing and rejuvenation.

      Today, the Honourable Steven Guilbeault, Minister of Environment and Climate Change and Minister responsible for Parks Canada, announced the completion of a federal infrastructure project to update and renew the Radium Hot Springs Aquacourt building of approximately $29 million. Members of the community marked the completion of the renovations at an event that also recognized the 75th anniversary of the start of construction of the Aquacourt. Building the Aquacourt was the first major construction project undertaken in the western national parks following the Second World War. The upgrades means that the Radium Hot Springs Aquacourt now offers a modern, safe, accessible and inclusive experience for visitors and community members alike.

      Investments in the Radium Hot Springs Aquacourt modernized the mechanical and electrical systems, including the installation of energy-efficient technology to leverage geothermal energy from the hot springs. The building was made more resilient to climate change through upgrades to the cold pool that help protect it from flooding and improve visitor safety. The installation of culverts under the building direct water flow to protect the foundation from erosion while safeguarding nearby fish habitats. The renovated restaurant, gift shop, and change rooms will support improved visitor experiences, along with a new rooftop sundeck and upgraded accessibility features including handrails, lifts, and improvements to the site entry and exit.

      Through infrastructure investments, the Government of Canada protects and conserves national treasures, while supporting local economies and contributing to growth in the tourism sector. By investing in the Radium Hot Springs Aquacourt, a Classified Federal Heritage Building, the Government of Canada is ensuring that future generations can continue to connect with nature in Kootenay National Park for years to come. These repairs and improvements ensure public safety and positive visitor experiences, support Parks Canada conservation efforts by incorporating green technologies and safeguarding natural habitats, strengthen climate resilience and protect built heritage in Canada. 

                                                                                                               -30-

      Hermine Landry
      Press Secretary     
      Office of the Minister of Environment and Climate Change
      873-455-3714
      hermine.landry@ec.gc.ca

      Lindsay McPherson
      External Relations Manager
      Lake Louise, Yoho, Kootenay Field Unit
      Parks Canada
      867-678-5667
      Lindsay.McPherson@pc.gc.ca

      MIL OSI Canada News

    5. MIL-OSI Global: Jasper’s wildfire recovery is challenged by its unique land classification and the approaching winter

      Source: The Conversation – Canada – By Jack L. Rozdilsky, Associate Professor of Disaster and Emergency Management, York University, Canada

      On July 24, 2024, one-third of the structures in Jasper, Alta. were destroyed when the Jasper Complex Wildfire burnt an estimated 32,722 hectares.

      As a researcher of disaster and emergency management, I visited Jasper in October to observe disaster recovery efforts there.

      The Municipality of Jasper and its federal partners are actively managing the recovery. The municipality has submitted an application for $73.14 million in expenditures for reimbursement from Alberta’s provincial Disaster Recovery Program.

      For those outside of the disaster zone, the message is that Jasper still exists and it is open for business. In the meantime, visitors need to be aware that residents are facing daunting tasks in a recovery effort that will take not months but years.

      Visiting Jasper

      As I approached Jasper from the south, through the fire-scarred Jasper National Park, I was first struck by what visually appears as a wasteland of burnt sticks in a black, brown and grey landscape.

      Burned trees in Jasper National Park landscape.
      (J. Rozdilsky), CC BY

      Proceeding into Jasper, the landscape transforms into the disfigured skeletal remains of noncombustible portions of structures — the buildings have been reduced to piles of charred, rusting and decomposing objects in vast debris fields.

      However, portions of Jasper’s built environment did survive the fire, and it is entirely possible to spend time in some parts of the town that remained intact rather than looking like a burnt-out war zone.

      Clean-up challenges

      A very visible and immediate challenge to Jasper’s practical recovery is the removal of debris.

      A streetlamp lies on the ground in Jasper, outside what remains of the Wicked Cup Café.
      (J. Rozdilsky), CC BY

      Work is underway to expedite bulk debris removal action. The action would work by removing debris across multiple properties at the same time by using one contractor.

      One of the challenges of removing the debris is the rapid approach of winter. November sees the most snowfall in Jasper, with an average snowfall of 135 millimetres.

      Despite best efforts being made, if large tracts of disaster debris become frozen in place over winter, such a situation will impede recovery progress in 2025.

      In addition to health hazards and special worker safety related to fire debris, improper management of disaster debris can impede the timely recovery of the affected area.

      Land classification

      Less visible, but nonetheless important, challenges facing disaster recovery in Jasper are unfolding policy dilemmas related to a very nuanced land tenure situation. Rules of land tenure define how access is granted to rights to use, control and transfer land, as well as associated responsibilities and restraints.

      From the public administrative perspective, Jasper is not your typical Canadian town. It is formally a provincially classified specialized municipality that exists within the boundaries of federally administered national park lands governed under the National Parks Act.

      The situation means disaster recovery will take place under a unique set of rules governing everything from land use decisions to one’s right to reside in Jasper. In Jasper, residents own their homes, but not the property they sit on; the Crown is the only landowner in the park.

      Until an amendment to the Canada Parks Act known as Bill C-76 received royal assent on Oct. 3, 2024, Jasper’s local government did not have the ability to exercise control over its own land use and planning. Under Bill C-76, the Municipality of Jasper will formally take authority over specific elements of land-use planning and development that were previously held by Parks Canada.

      However, this nuanced land tenure situation in Jasper will complicate recovery. Unanticipated consequences of overlapping interests will occur as several parties in Jasper are allocated different rights to the same parcel of land.

      Collective recovery

      A sign that Jasper was moving in the right direction was evidenced by a municipally based public information campaign consisting of posters in the town centre. The headline on the poster was “We’re in this together.”

      A poster for a public information campaign addressing residents and visitors to Jasper.
      (J. Rozdilsky), CC BY

      The left column of the poster addresses Jasper residents, while the righthand side speaks directly to visitors. Visitors were advised to “ask us about our town, the park and our community. Try not to ask us what we lost in the fire.”

      The “We’re in this together” theme related to recovery applies beyond local affairs. For those far outside of Jasper, now is the time to support the town’s unique role as a national asset, facilitating access of 2.5 million visitors yearly to Canadian natural areas.

      For Jasper’s disaster recovery, we are indeed all in this together.

      Jack L. Rozdilsky receives support for research communication and public scholarship from York University. He also has received research support from the Canadian Institutes of Health Research.

      ref. Jasper’s wildfire recovery is challenged by its unique land classification and the approaching winter – https://theconversation.com/jaspers-wildfire-recovery-is-challenged-by-its-unique-land-classification-and-the-approaching-winter-241135

      MIL OSI – Global Reports

    6. MIL-OSI USA: NCDHHS Livestream Spanish-language Cafecito and Tele-Town Hall: Understanding Seasonal Vaccines and Respiratory Health In North Carolina

      Source: US State of North Carolina

      Headline: NCDHHS Livestream Spanish-language Cafecito and Tele-Town Hall: Understanding Seasonal Vaccines and Respiratory Health In North Carolina

      NCDHHS Livestream Spanish-language Cafecito and Tele-Town Hall: Understanding Seasonal Vaccines and Respiratory Health In North Carolina
      hejones1

      The North Carolina Department of Health and Human Services will host a live Spanish-language Cafecito and tele-town hall on Wednesday, Oct. 23, from 6 to 7 p.m., to discuss how seasonal vaccines, including flu, COVID-19 and respiratory syncytial virus, help protect communities against severe illness, hospitalization and long-term health complications. Following the devastating impacts of Hurricane Helene, NCDHHS and participants will also share health-related information and resources available to support Hispanic and Latino communities during disaster recovery.

      Event participants include:   

      • Carolina Siliceo Perez, MLAS, Acting Director for Latinx/Hispanic Policy and Strategy, NCDHHS  
      • Gabriela Plasencia, MD, MAS, Family Medicine Physician & Health Equity Researcher, Duke Family Medicine 
      • Sharon Muñoz, Health Literacy Consultant, LATIN-19 

      Everyone ages 6 months and older is due for their updated flu and COVID-19 vaccines. The updated shots were developed to protect communities against the newest strains of the viruses expected to circulate this fall and winter. Seasonal vaccines are the best way to prevent people from experiencing severe cases of flu and COVID-19, especially for those who are at a higher risk of complications from the viruses. This includes people who are under 5, those 65 and older, pregnant and/or living with chronic medical conditions.   

      Cafecito and tele-town hall panelists will discuss the following:   

      • How to get your seasonal flu and COVID-19 vaccines   
      • What to know about RSV protection, including RSV vaccines  
      • Ways to find health information, services and care in Spanish  
      • Steps to protect yourself and your household against seasonal illness  
      • How to access free vaccines for children 

      In addition to flu and COVID-19 vaccines, RSV vaccines are also now available for older adults and pregnant women. Some babies and children under 2 may also need to receive an immunization to help build protection against RSV. It’s important for individuals of all ages to be up to date on all recommended vaccines before enjoying seasonal activities or sporting events with loved ones. 

      Everyone should test for COVID-19 right away if they feel sick or have symptoms to help prevent the virus from spreading to others around them. Free, at-home COVID-19 tests are available at more than 300 local organizations statewide and by mail through CovidTests.gov. To find free tests near you, visit MySpot.nc.gov/Tests. 

      The Cafecito will stream live from the NCDHHS Facebook and YouTube accounts, where viewers can submit questions. The event also includes a tele-town hall, which invites people by phone to listen in and submit questions. People can also dial into the event by calling 855-756-7520 Ext. 112992#. 

      Visit MySpot.nc.gov for information, guidance and resources on seasonal vaccines and how they support respiratory health.  

      El Departamento de Salud y Servicios Humanos de Carolina del Norte (NCDHHS) presentará un Cafecito, una conversación virtual y telefónica en vivo el miércoles 23 de octubre, de 6 a 7 p.m., para hablar sobre cómo las vacunas estacionales, incluidas las del COVID-19, la gripe (influenza) y el virus respiratorio sincitial (VRS), ayudan a proteger a las comunidades contra enfermedades graves, hospitalizaciones y complicaciones de salud a largo plazo. Después de los devastadores impactos del huracán Helene, las panelistas también compartirán información y recursos de salud disponibles para apoyar a las comunidades hispanas y latinas durante la recuperación ante desastres. 

      Panelistas del evento incluyen:  

      • Carolina Siliceo Perez, MLAS, directora interina de Política y Estrategia Latina e Hispana, NCDHHS   
      • Gabriela Plasencia, MD, MAS, médica de medicina familiar e investigadora de equidad en salud, Centro Médico de la Universidad de Duke   
      • Sharon Muñoz, consultora en educación en la salud, LATIN-19   

      Todas las personas de 6 meses de edad en adelante deben recibir las vacunas actualizadas contra la gripe y el COVID-19. Las dosis actualizadas se desarrollaron para proteger a las comunidades contra las nuevas cepas de los virus que se espera que circulen este otoño e invierno. Las vacunas estacionales son la mejor manera de prevenir que las personas padezcan casos graves de gripe y COVID-19, especialmente aquellas con mayor riesgo de complicaciones. Esto incluye a las personas menores de 5 años, mayores de 65 años, embarazadas y/o con condiciones médicas crónicas. 

      Las panelistas del Cafecito hablarán sobre los siguientes temas:  

      • Cómo recibir las vacunas estacionales contra la gripe (influenza) y el COVID-19   
      • Información sobre la protección contra el VRS, incluyendo las vacunas  
      • Maneras de encontrar información, servicios y atención médica en español   
      • Pasos para protegerse y proteger a su hogar contra las enfermedades estacionales   
      • Cómo acceder a vacunas gratuitas para los niños   

      Además de las vacunas contra la gripe y el COVID-19, las vacunas contra el VRS también están disponibles para adultos mayores y personas embarazadas. Algunos bebés y niños menores de 2 años también pueden necesitar recibir una inmunización para ayudar a desarrollar protección contra el VRS. Es importante que personas de todas las edades estén al día con todas las vacunas recomendadas antes de disfrutar de actividades estacionales o eventos deportivos con seres queridos. 

      Todos deben hacerse la prueba de COVID-19 de inmediato si se sienten enfermos o tienen síntomas, ya que esto ayudara a prevenir la propagación del virus a quienes los rodean. Pruebas caseras gratuitas de COVID-19 están disponibles en más de 300 organizaciones locales en todo el estado y por correo a través de CovidTests.gov. Para encontrar pruebas gratuitas cerca de usted, visite Vacunate.nc.gov/Pruebas

      El Cafecito se transmitirá en vivo y en español desde las cuentas de Facebook y YouTube del NCDHHS, donde los espectadores podrán enviar sus preguntas. El evento incluirá una opción de telecomunicación, que invita a las personas a escuchar y enviar preguntas por teléfono. Los participantes también pueden llamar al evento al 855-756-7520 Ext. 112992#. 

      Visite Vacunate.nc.gov para obtener información, orientación y recursos sobre las vacunas estacionales y cómo apoyan la salud respiratoria. 

      Oct 21, 2024

      MIL OSI USA News

    7. MIL-OSI USA: Governor Cooper Visits Community Care Station in Buncombe County with FEMA Administrator Criswell

      Source: US State of North Carolina

      Headline: Governor Cooper Visits Community Care Station in Buncombe County with FEMA Administrator Criswell

      Governor Cooper Visits Community Care Station in Buncombe County with FEMA Administrator Criswell
      mseets

      Today, Governor Roy Cooper traveled to Buncombe County with FEMA Administrator Deanne Criswell and visited a Community Care Station to speak with volunteers and give an update on relief efforts in Western North Carolina. The Community Care Station offers food and water distribution, basic hygiene services and medical care to the community.

      “Today, I visited a Community Care Station in Asheville where I saw the massive effort by local, state and federal responders and volunteers to bring relief to Western North Carolina,” said Governor Cooper. “I urge everyone to confirm reports and information from trusted news sources and officials and be wary of bad actors on social media and the internet.”

      Those impacted by Hurricane Helene can apply for assistance for buying food through the Disaster Supplemental Nutrition Assistance Program (D-SNAP) which was approved by the U.S. Department of Agriculture on October 18. NCDHHS estimates more than 150,000 people will apply for up to $120 million in D-SNAP benefits. Eligible households may apply for D-SNAP through Thursday, October 24 by phone or in person. More information including a list of application sites by county is available at ncdhhs.gov/dsnap.

      North Carolina National Guard and Military Response

      Over 3,150 Soldiers and Airmen are working in Western North Carolina. Joint Task Force- North Carolina, the task force led by the North Carolina National Guard is made up of Soldiers and Airmen from 12 different states, two different XVIII Airborne Corps units from Ft. Liberty, a unit from Ft. Campbell’s 101st Airborne Division, and numerous civilian entities are working side-by-side to get the much-needed help to people in Western North Carolina.

      The U.S. Army Corps of Engineers is helping to assess water and wastewater plants and dams. Residents can track the status of the public water supply in their area through this website.

      FEMA Assistance

      Approximately $129 million in FEMA Individual Assistance funds have been paid so far to Western North Carolina disaster survivors and approximately 207,000 people have registered for Individual Assistance. Over 6,200 people have been helped through FEMA’s Transitional Sheltering Assistance. More than 5,100 registrations for Small Business Administration Loans have been filed.

      Approximately 1,500 FEMA staff are in the state to help with the Western North Carolina relief effort. In addition to search and rescue and providing commodities, they are meeting with disaster survivors in shelters and neighborhoods to provide rapid access to relief resources. They can be identified by their FEMA logo apparel and federal government identification.

      North Carolinians can apply for Individual Assistance by calling 1-800-621-3362 from 7am to 11pm daily or by visiting www.disasterassistance.gov, or by downloading the FEMA app. FEMA may be able to help with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs.

      Help from Other States

      More than 1,600 responders from 39 state and local agencies have performed 146 missions supporting the response and recovery efforts through the Emergency Management Assistance Compact (EMAC). This includes public health nurses, emergency management teams supporting local governments, veterinarians, teams with search dogs and more.

      Beware of Misinformation

      North Carolina Emergency Management and local officials are cautioning the public about false Helene reports and misinformation being shared on social media. NCEM has launched a fact versus rumor response webpage to provide factual information in the wake of this storm. FEMA also has a rumor response webpage.

      Efforts continue to provide food, water and basic necessities to residents in affected communities, using both ground resources and air drops from the NC National Guard. Food, water and commodity points of distribution are open throughout Western North Carolina. For information on these sites in your community, visit your local emergency management and local government social media and websites or visit ncdps.gov/Helene.

      Storm Damage Cleanup

      If your home has damages and you need assistance with clean up, please call Crisis Cleanup for access to volunteer organizations that can assist you at 844-965-1386.

      Power Outages

      Across Western North Carolina, approximately 5,000 customers remain without power, down from a peak of more than 1 million. Overall power outage numbers will fluctuate up and down as power crews temporarily take circuits or substations offline to make repairs and restore additional customers.

      Road Closures

      Some roads are closed because they are too damaged and dangerous to travel. Other roads still need to be reserved for essential traffic like utility vehicles, construction equipment and supply trucks. However, some parts of the area are open and ready to welcome visitors which is critical for the revival of Western North Carolina’s economy. If you are considering a visit to the area, consult DriveNC.gov for open roads and reach out to the community and businesses you want to visit to see if they are welcoming visitors back yet.

      NCDOT currently has approximately 2,000 employees and 900 pieces of equipment working on over 7,200 damaged road sites.

      Fatalities

      Ninety-five storm-related deaths have been confirmed in North Carolina by the Office of Chief Medical Examiner. This number is expected to rise over the coming days. The North Carolina Office of the Chief Medical Examiner will continue to confirm numbers twice daily. If you have an emergency or believe that someone is in danger, please call 911.

      Volunteers and Donations

      If you would like to donate to the North Carolina Disaster Relief Fund, visit nc.gov/donate. Donations will help to support local nonprofits working on the ground.

      For information on volunteer opportunities, please visit nc.gov/volunteernc.

      Additional Assistance

      There is no right or wrong way to feel in response to the trauma of a hurricane. If you have been impacted by the storm and need someone to talk to, call or text the Disaster Distress Helpline at 1-800-985-5990. Help is also available to anyone, anytime in English or Spanish through a call, text or chat to 988. Learn more at 988Lifeline.org.

      If you are seeking a representative from the North Carolina Joint Information Center, please email ncempio@ncdps.gov or call 919-825-2599.

      For general information, access to resources, or answers to frequently asked questions, please visit ncdps.gov/helene.

      If you are seeking information on resources for recovery help for a resident impacted from the storm, please email IArecovery@ncdps.gov.

      ###

      Oct 21, 2024

      MIL OSI USA News

    8. MIL-Evening Report: Where there’s smoke: the rising death toll from climate-charged fire in the landscape

      Source: The Conversation (Au and NZ) – By Fay Johnston, Professor, Menzies Institute for Medical Research, University of Tasmania

      Daria Nipot, Shutterstock

      Inhaling smoke is bad for you. Smoke from any kind of fire, from bonfire to burn-off to uncontrolled wildfire, can have serious consequences.

      Even low levels of smoke can make many heart and lung diseases worse, sometimes triggering a rapid deterioration in health. When we are repeatedly exposed over months and years, air pollution, including smoke, makes us more likely to develop heart, lung and other chronic diseases.

      Now, new international research has linked the warming climate to some of the deaths from exposure to fire smoke in large parts of the world, including Australia.

      In 2012, I led the first team to estimate the number of landscape fire smoke-related deaths globally each year. Our estimate of 339,000 deaths did not attempt to pull out the influence of climate change. But we noticed much higher impacts during hotter and drier El Niño periods.

      The researchers behind the new study took this a step further, estimating how much of the historical burden of fire smoke-related deaths might be attributable to climate change. They found a considerably increasing proportion, from 1.2% in the 1960s to 12.8% in the 2010s.

      Where there’s fire, there’s smoke

      A wall of flames is way more deadly than a bit of smoke in the air – isn’t it? It’s not so simple. When you look back at a fire disaster, the smoke-related death toll in the aftermath can be surprisingly high.

      During the extreme Australian bushfire season of 2019–20, there were 33 deaths directly related to fire. But my team found the number of smoke-related deaths was 429, more than ten times higher.

      Smoke travels vast distances and can affect very large populations. Millions of people in Australia and New Zealand breathed smoke from the 2019-20 Australian fires. The sheer scale of the air quality impacts means the associated public health burden can be very large.

      Smoke harms our health in two ways. In the short term, it makes existing diseases worse. As soon as the body detects smoke, it initiates immune and stress responses that affect, among other things, blood pressure, blood glucose and the risk of forming blood clots.

      For some people with serious chronic illness such as heart and blood vessel disease, these subtle changes can trigger deadly complications including heart attacks or strokes.

      When smoke reaches our eyes, throats and lungs, it acts as an irritant. This can be enough to make people living with asthma or other lung conditions seriously unwell.

      Over the longer term, air pollution is a known risk factor for developing heart disease, lung disease, asthma, diabetes and stroke, and landscape fire smoke is increasingly contributing to the load.

      How did the researchers find this out?

      Most research on the health impact from air pollution focuses on the damage done by fine particles called PM2.5. These particles are defined as those less than 2.5 micrometres in diameter, meaning they are small enough to get into the lungs and bloodstream.

      In the new paper, the authors used computer models to estimate how global changes in fire-related PM2.5 emissions between 1960 and 2019 had been influenced by the warming climate. To do this, they evaluated climate factors known to promote fire activity, such as higher air temperatures and lower humidity. Then, they used modelling to estimate how these changes would have influenced fire activity, smoke exposure and smoke related deaths globally.

      Using this approach, the authors attributed 669 (1.2%) of the wildfire-induced smoke-related deaths in the 1960s to climate change. But that rose to 12,566 (12.8%) in the 2010s. They found the influence of climate change was higher in some regions, including Australia.

      Climate change is making fires worse

      These reported numbers seem to be surprisingly low when put in context with previous global and regional estimates of deaths due to air pollution from landscape fires.

      But estimating how many deaths can be attributed to landscape fire smoke is a challenging task, requiring assumptions about the size and strength of the links between meteorology, fire activity, smoke production and dispersal, population vulnerability and health outcomes in the huge diversity of landscapes, climates and cultures across the world.

      Importantly, the estimates in this recent study were driven by changes in climate. But the modelling approach can less easily account for fluctuations and trends in another incredibly important driver of fire activity on Earth, human activity.

      For example, huge volumes of smoke globally are created by setting fires to burn and clear tropical forests for agriculture. Corporate activity and government policies drive these fires more than climate change, and are harder to capture in a modelling study.

      Nevertheless, these new results clearly support empirical studies showing increases in extreme fire activity attributable to climate change, and illustrates the relative impacts when other influences are held constant. Importantly, it points to parts of the world – including the north and southeast of Australia – where we can expect harmful population smoke impacts to get worse.

      The likely geographic impacts can be put together with information about the location of more vulnerable population groups, or higher population densities, to focus on responses where they are most needed. But in Australia that means pretty much everywhere, including the tropical north.

      What we can do about it?

      To adapt to a smokier world, we will need comprehensive education about escalating air quality hazards and ways to reduce the harm for both the general public and health professionals.

      These include keeping on top of long-term health conditions that could be made worse by air pollution, knowing how to keep track of air quality, and when to use strategies such as face masks, air filtration and managing the ventilation of homes and buildings to reduce individual smoke exposure.

      Adaptive responses alone do not get around the urgent need to act on climate change. Watching fire seasons around the world get steadily worse year on year really frightens me. We are getting into a vicious cycle where the hotter climate is driving more and more fire. These fires are increasingly venting long-stored carbon and contributing to further climate change.

      As well as ending the massive combustion of fossil fuels, we must halt the burning of tropical rainforests and agricultural crop residues globally. These actions will also dramatically improve air quality and health globally and support ongoing capture and storage of atmospheric carbon.

      Fay Johnston receives research funding from the National Health and Medical Research Council, the National Environmental Science Program, Asthma Australia and the health departments of the Tasmanian and ACT governments. She led the development of the air quality app AirRater, and is a founding director of AirHealth Pty Ltd, which provides air quality information services.

      ref. Where there’s smoke: the rising death toll from climate-charged fire in the landscape – https://theconversation.com/where-theres-smoke-the-rising-death-toll-from-climate-charged-fire-in-the-landscape-241590

      MIL OSI AnalysisEveningReport.nz

    9. MIL-OSI USA: SBA Offers Disaster Assistance to California Businesses and Residents Affected by the Park and Borel Fires

      Source: United States Small Business Administration

      “As communities across the Southeast continue to recover and rebuild after Hurricanes Helene and Milton, the SBA remains focused on its mission to provide support to small businesses to help stabilize local economies, even in the face of diminished disaster funding,” said Administrator Isabel Casillas Guzman. “If your business has sustained physical damage, or you’ve lost inventory, equipment or revenues, the SBA will help you navigate the resources available and work with you at our recovery centers or with our customer service specialists in person and online so you can fully submit your disaster loan application and be ready to receive financial relief as soon as funds are replenished.”

      SACRAMENTO, Calif. – Low-interest federal disaster loans are available to California businesses and residents affected by the Park and Borel fires that occurred July 24–Aug. 26, announced Administrator Isabel Casillas Guzman of the U.S. Small Business Administration. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Gavin Newsom’s authorized representative, Director Nancy Ward, of the California Office of Emergency Services on Oct. 15.

      The disaster declaration makes SBA assistance available in Butte, Colusa, Glenn, Inyo, Kern, Kings, Los Angeles, Mendocino, Plumas, San Bernardino, San Luis Obispo, Santa Barbara, Shasta, Sutter, Tehama, Trinity, Tulare, Ventura and Yuba counties in California.

      “Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. “Within a few days, SBA will announce the opening of a Disaster Loan Outreach Center where SBA disaster representatives will be on hand to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Sánchez continued.

      Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

      For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.

      “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage,” Sánchez added. “Work with contractors and mitigation professionals to strengthen your property and take advantage of the opportunity to request additional SBA disaster loan funds for these proactive improvements.”

      Disaster loans up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace damaged or destroyed personal property, including personal vehicles.

      Interest rates can be as low as 4 percent for businesses, 3.25 percent for private nonprofit organizations and 2.688 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

      Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

      On October 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can be issued until Congress appropriates additional funding, we remain committed to supporting disaster survivors. Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.

      Applicants are encouraged to submit their loan applications promptly for review in anticipation of future funding.

      Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

      The deadline to apply for property damage is Dec. 20, 2024. The deadline to apply for economic injury is July 21, 2025.

      ###

      About the U.S. Small Business Administration
      The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http://www.sba.gov.

      MIL OSI USA News

    10. MIL-OSI United Kingdom: South China Sea conference 2024: speech by UK Minister for the Indo-Pacific

      Source: United Kingdom – Executive Government & Departments

      Minister Catherine West gave a keynote speech to the South China Sea conference in Ha Long, Vietnam.

      Good morning everybody, and it’s lovely to be here on such a perfect morning with those beautiful mountains and sea in front of us.

      As we’ve heard from Dr Dung and Vice Minister Viet, thank you to our local government partners who’ve put on such a beautiful event for us. And thank you to our Indonesian collaborator who spoke first, it was so good to hear from him.

      In the UK we have a relatively new government, elected in July this year…

      … and many people have asked me as the new Minister for the Indo-Pacific, “how do we know that the UK is committed to the Indo-Pacific?”.

      After three weeks my boss, David Lammy, who is the Foreign Secretary, visited Vientiane as part of the ASEAN discussions and this is my third country in the region to visit since July.

      So we know that working together with European partners and with others in the region, we can be allies with all of the partners in ASEAN and we can join together to have a very good discussion about peace and security.

      On Monday, I will go to Manila for the Women, Peace and Security conference, which will I think create a really deep understanding for myself as a new Minister as to the challenges in the region. And also the importance of promoting women’s leadership around this area of partnerships, rooted in respect and mutual trust. 

      Positioning the UK as a long-term reliable partner of the Indo-Pacific, underpinned by a shared respect for ASEAN leadership and centrality. And after that conference I will return to the UK, bringing back news of the conference and your thoughts.

      Because we know that after nearly 25 years of the landmark UN Security Council Resolution 1325,… 

      …in which the UK played a leading role,… 

      …I will underline that our commitment to advancing participation in conflict prevention, reduction and resolution is unwavering, both in ASEAN but also globally.  

      And it is in the same spirit that I join you here today, to set out the UK’s support for collective efforts to maintain regional security and uphold international law.

      Global Maritime Security  

      Let me begin by stating unambiguously that the UK wants a free and open Indo-Pacific.  

      Because put simply, our collective global prosperity hinges on keeping the vital sea-lanes in the South China Sea open. Or the East Sea, as I believe in Vietnam you call it.

      Our shared security interests also demand that we stand-up for principles of sovereignty and territorial integrity… 

      …through the international legal framework that protects these principles,… 

      …for example, the UN Convention on the Law of the Sea – or UNCLOS as we call it.    

      But it’s not just the Indo-Pacific.   

      Undermining international law in any situation, in any context… 

      … has the potential to corrode the wider system of global governance that protects security and prosperity. 

      Take for example the sustainable development goals.  

      We can hardly hope to achieve those goals without peace and security spurring on economic growth.  

      And all of that relies heavily on having stable seas where the rule of law is upheld.  

      And this year we’ve seen a serious and sustained series of incidents,… 

      …representing one of the sharpest spikes in tensions over recent years.  

      The use of water cannons, blocking, and ramming manoeuvres have interfered… 

      …with Philippine rights and freedom of navigation.  

      These actions, and the responses they may incite, raise the risk of serious miscalculation… 

      …as well as posing a direct threat to international law. 

      And last month Chinese law enforcement attacked Vietnamese fishermen, leaving them seriously injured.  

      The grave risk of instability and escalation that these incidents pose is a significant concern for the international community. 

      Not just because of the impact it could have on global prosperity and security, but also on livelihoods and local biodiversity.   

      That is why the UK has and will continue to protest any action which threatens peace and stability… 

      …or seeks to undermine the primacy of UNCLOS.  

      Keeping the South China Sea safe is our priority. 

      And the only way we can achieve that is by working together with partners including those represented here today.  

      Climate and nature security 

      Now another crucial element to our security and prosperity is climate and nature.

      After this session I will be going to visit some of the areas affected by Typhoon Yagi, to understand more deeply how the Red Cross is working to mitigate those terrible floods and hear from local people as to how they’re managing about those floods.

      We were among the first countries to sign the Biodiversity Beyond National Jurisdiction Agreement… 

      …and we remain focussed on its ratification.   

      Home to over a third of world’s coral reefs – this region is critical… 

      …to halting and reversing the loss of the natural ecosystem. 

      Rising sea levels risk leading to worsening maritime disputes. 

      And we cannot tackle the various risks unless we understand them well.  

      So the UK is using its expertise to help.  

      For example, the UK Met Office is studying how changes in sea surface temperature affect migratory fish and coastal ecosystems,… 

      …playing a role not just on food security but also on addressing the poor environmental impact of rising temperatures.

      Back home, we have also set a landmark goal – to be the first major economy to deliver clean energy power by 2030.  

      But acting alone is not a solution.  

      That is why we want to work with you and partners across the world to accelerate the clean energy transition. 

      So we are boosting progress by building on existing programmes. 

      Such as the Just Energy Transition Partnerships – JETP – in Indonesia and Vietnam,… 

      …supporting innovative clean energy… 

      …and the expansion of grids and storage. 

      Growth and Technology 

      Technology also plays a key role… 

      …and is something the UK is keen to harness to help solve global challenges.  

      Modern maritime ecosystems is becoming increasingly interconnected and digital in its nature.  

      And more and more sophisticated technology supports improved port operations across the globe,… 

      …the development of Autonomous Surface Ships will reduce the number of seafarers needed to operate a vessel. 

      We know how essential undersea telecoms cables are.  

      And they will only grow in importance with the use of AI becoming more widespread.  

      That is why the UK is working transparently with partners to develop inclusive global norms and standards… 

      …for the responsible and ethical use of technology and AI, including in maritime contexts. 

      Working together 

      Finally, we know that we live in a rapidly changing world where the more closely we work, the stronger we are.   

      Next year, the UK will hold its third Regional Maritime Security Symposium in Southeast Asia to discuss collaboration on a range of maritime issues. 

      It’s so encouraging to be here today and to work with Asia-Pacific partners, and as I speak, HMS Spey and HMS Tamar, our two Offshore Patrol Vessels, continue their operations in the Indo-Pacific,… 

      …exercising with partners,… 

      …responding to humanitarian disasters,… 

      …and tackling maritime challenges.

      Thank you so much for the opportunity to speak today, and I look forward to questions afterwards.

      Thank you.

      Updates to this page

      Published 23 October 2024

      MIL OSI United Kingdom

    11. MIL-OSI NGOs: Cuba: Amnesty declares four new prisoners of conscience in midst of new wave of state repression

      Source: Amnesty International –

      Widespread state repression has been enforced since the July 2021 protests, but a renewed effort to suppress dissent began this September

      Félix Navarro, Dama de Blanco Sayli Navarro, Roberto Pérez Fonseca and Luis Robles have been named as prisoners of conscience

      ‘This is a recognition of the courage and resistance of the people of Cuba who … fighting for their rights and the rights of all people’ – Ana Piquer

      Amnesty International has declared political dissident Félix Navarro, independent journalist Dama de Blanco Sayli Navarro, 11J protester Roberto Pérez Fonseca and activist Luis Robles as prisoners of conscience.

      These designations come in the context of renewed repression by the Cuban authorities against activists, human rights defenders, journalists, intellectuals and independent media in the last weeks of September. This includes an alarming increase in ill-treatment, harassment, arbitrary detentions, new threats of criminalisation, denial of prison benefits and worrying reports of deterioration in the health and physical integrity of detainees.

      Ana Piquer, Director of the Americas at Amnesty International, said:

      “These designations are a recognition of the dozens of people who remain in prison in Cuba for peacefully exercising their rights, and of all those who live under constant surveillance, harassment and the threat of criminalisation. This is a recognition of the courage and resistance of the people of Cuba who are standing up to constant and generalised repression and fighting for their rights and the rights of all people.

      “Following the widespread state repression unleashed by the July 2021 protests, and with many activists, political opponents and dissidents unjustly imprisoned, the Cuban state seems intent on eradicating any capacity for resistance within Cuban society, which now extends to projects, spaces and activism not linked to traditional political opposition or dissidence.

      “It is imperative that the international community show solidarity and demand the immediate release of those imprisoned for exercising their rights, and an end to the repression and harassment of dissidents in Cuba.”

      Prisoners of conscience

      • Félix Navarro is a 71-year-old political dissident and founder of the “Pedro Luis Boitel” Party for Democracy. For over 30 years, he has been the coordinator of the Patriotic Union of Cuba and has been associated with the Cuba Decides platform and the Council for the Democratic Transition in Cuba. Félix is currently serving his third prison sentence for political reasons. He was imprisoned in 1992 on charges of “enemy propaganda” for putting up “anti-revolution” posters in his hometown. In 2003, he was sentenced to 25 years in prison in the criminal proceedings following the crackdown known as the “Black Spring”, along with 75 other dissidents, journalists and activists. In this context, he was declared a prisoner of conscience by Amnesty. He was released on extra-penal leave on 23 March 2011, together with fellow prisoner of conscience José Daniel Ferrer, as the last of the group of 75 to be freed after previously refusing to be released in exchange for exile.
      • Sayli Navarro, Félix Navarro’s daughter, is a 38-year-old activist and co-founder of the Damas de Blanco (Ladies in White), a group of mothers, wives and daughters of the group of 75 people arrested during the “Black Spring”. Sayli has lived with the consequences of the state repression exercised against her father since she was a child. She was expelled from university in 2010 because of her “counter-revolutionary links”, and has been arbitrarily detained, subjected to interrogation and threatened on a number of occasions by state security agents and police authorities.  

      Félix and Sayli Navarro were sentenced in March 2022 to 9 and 8 years in prison respectively for events related to the protests of July 2021. Both were violently arrested on 12 July at their local police station in the town of Perico, Matanzas province, when they went to enquire about the situation of members of their movement who had been arrested during the protests the day before.  

      • Luis Robles, 32, was sentenced to four years and six months in prison in March 2022 on charges of enemy propaganda and disobedience for peacefully protesting on a pedestrian street in central Havana in December 2020. Luis was holding up a sign that read “Freedom”, “No+Repression” and “#Free-Denis” while walking in circles as dozens of people began to film him. Luis held up the sign for several minutes until the police approached him, took the sign from him and arrested him, with Luis putting up no resistance. This happened a few days after the San Isidro Movement staged a lockdown and hunger strike to demand the release of rapper Denis Solís. Luis wanted to express his solidarity with the rapper and the San Isidro Movement.
      • Roberto Pérez Fonseca, 41, was sentenced in October 2021 to 10 years imprisonment for his participation in the protests of July 2021. Roberto was charged with the offences of contempt, assault, public disorder and incitement to commit a crime, all of which are typically used by the Cuban authorities against those who exercise their right to freedom of peaceful assembly and association. The United Nations Working Group on Arbitrary Detention found Roberto’s detention to be arbitrary and motivated by the peaceful exercise of his right to freedom of assembly and association, as well as to freedom of opinion and expression. It also found that Roberto’s right to a fair and impartial trial had been violated.

      Climate of repression

      Independent media organisations El Toque, Periodismo de Barrio and Cubanet have claimed in editorials and on social media that their contributors have received threats of criminalisation from the authorities in recent weeks. According to these reports, contributors have repeatedly been summoned by police and state security agents and informed of possible criminal prosecution for “mercenarism”. In addition, activists and independent media contributors reported on their social networks that they had received arbitrary summonses followed by interrogations by the authorities and state security agents about their journalistic work and their links to certain individuals or media outlets considered to be “counter-revolutionary”.

      Amnesty has had access to the testimonies of at least 20 activists who have reported being threatened with imprisonment, forced to record themselves and sign declarations of self-incrimination, and deprived of their mobile phones and computers. Similarly, Cuban human rights organisations reported that at least three independent media contributors were forced to write public resignations on their social networks, expressing their intention not to work with independent media.

      On 16 September, cultural magazine PM Magazine announced that it was closing down permanently due to increasing pressure and harassment against its director by state security agents.

      Ana Piquer said:

      “This climate of constant fear and intimidation adds to our concern at the continuing reports of the deteriorating health and ill-treatment of prisoners of conscience Loreto Hernández, Pedro Albert and José Daniel Ferrer, and the increasing and systematic harassment of journalist Carlos Michael Morales, and Damas de Blanco leader Berta Soler.”

      Amnesty calls for the immediate and unconditional release of prisoners of conscience, and of all those unjustly imprisoned solely for exercising their human rights. The organisation also calls on the government of Miguel Díaz-Canel to respect human rights, including the right to freedom of expression, association and peaceful assembly, to repeal repressive legislation, and to end the repression of dissidents.

      In order to determine whether a person is a prisoner of conscience, Amnesty uses the information available to it regarding the circumstances leading to their detention. By designating a particular person as a prisoner of conscience, Amnesty is affirming that this person must be immediately and unconditionally released but is not endorsing their past or present views or conduct.

      MIL OSI NGO

    12. MIL-OSI United Kingdom: UK-Germany Trinity House Agreement on Defence – Joint Communique

      Source: United Kingdom – Executive Government & Departments

      A commitment to improve and enhance bilateral defence co-operation between the Ministry of Defence of the Federal Republic of Germany and the Ministry of Defence of the United Kingdom of Great Britain and Northern Ireland.

      In July this year, the Ministry of Defence of the Federal Republic of Germany and the Ministry of Defence of the United Kingdom of Great Britain and Northern Ireland committed to improve and further enhance bilateral defence co-operation to better meet the common challenges of the 21st Century and to best secure the common interests of both countries in defence-related areas. We outlined escalating security concerns, exacerbated by Russia’s war of aggression against Ukraine. We said that the deteriorating strategic environment demanded a unified response to ensure the preservation of European security.

      As we confront these challenges together with Allies and partners, we are guided by our shared values of democracy, freedom, and the rule of law. Recognising the imperative for closer collaboration in the face of evolving geopolitical challenges and shared security threats, we aim to promote stability on NATO’s eastern flank, in Europe as a whole, and beyond for the Euro-Atlantic area. Strategic defence co-operation is an important first pillar in the new relationship between Germany and the United Kingdom, which will be codified in the forthcoming bilateral treaty in 2025.

      Recognising the imperative, we have worked at pace to create our response through this historic, first-of-its kind, defence agreement between our two great nations. Our shared strategic objective is to sustain effective deterrence against would-be aggressors by building credible, resilient defence forces and defence industries, working towards the vision of a peaceful and stable Euro-Atlantic area. To do this, our agreement will become a crucial element in the broader architecture of European security; it is explicitly designed to support our Allies and strengthen the European contribution to NATO. In particular, it complements our respective existing bilateral agreements with France, laying the foundation for increasingly close co-operation between the E3.

      Through this agreement, we have brought focus, resource, and ambition to our previously stated objectives: Strengthening Defence Industries, Reinforcing Euro-Atlantic Security, Enhancing Interoperability, Addressing Emerging Threats, Supporting Ukraine, and Deep Precision Strike. In addition to new governance structures, we will bring these objectives to life through the creation of totemic lighthouse projects, which will serve as beacons for unprecedented levels of co-operation and integration between our respective Armed Forces.

      Deep Precision Strike and Defence: The UK and Germany will work jointly to rapidly develop extended Deep Precision Strike capabilities, to provide a conventional deterrent in Europe and strengthen European Integrated Air and Missile Defence. We will do this in the short term through:

      • Undertaking a comprehensive exercise to compare capability needs and identify synergies.
      • Developing common requirements and military doctrine to aid the development of long-range systems, working in co-operation with Allies and partners, in particular through the European Long Range Strike Approach.
      • Identifying opportunities for industrial collaboration and investment to achieve closer working on countering threats through Integrated Air and Missile Defence.

      And in the medium term through:

      • Joint development and procurement of new extended Deep Precision Strike capabilities in close co-ordination with Allies and partners, giving special focus to new capabilities which far exceed today’s ranges.
      • Joint development of a common approach to deploying extended Deep Precision Strike in all physical domains.
      • Cohering Integrated Air and Missile Defence activity through the European Sky Shield Initiative, NATO’s Multinational Procurement Initiatives, and the UK’s DIAMOND initiative.

      Uncrewed Aerial Systems and Future Connectivity: The UK and Germany will work jointly, in close co-ordination with Allies and partners, to develop and employ Uncrewed Aerial and Offboard Air Systems to ensure interoperability between Future Combat Air Systems. We will do this in the short term through:

      • Joint integration of common missile systems into drone fleets to enhance precision strike capabilities, drawing benefit from each nations’ previous experience, e.g. the integration of Brimstone to UK Uncrewed Air Systems.
      • Sharing plans on integration of capabilities between Current and Future Combat Air Systems, to enable development of interoperable offboard systems.

      And in the medium term through:

      • Joint exploration and development of cross-system Combat Cloud capabilities across aircraft fleets.
      • Joint exploration and development of new Maritime Uncrewed Air System capabilities.
      • Joint exploration and development of common offboard systems compatible with respective Future Combat Air Systems to enable, inter alia, data sharing, to support interoperability and integration of those systems.
      • Supporting implementation of NATO-agreed common standards to ensure connectivity and collaboration between fighter aircraft, reinforcing inter-generation and (un)crewed teaming.

      Strengthening the Eastern Flank through a new Land Strategic Partnership: Using our Forward Land Forces and shared enduring commitment to NATO’s eastern flank as a catalyst, the UK and Germany will work to strengthen NATO by developing doctrine, uncrewed systems, and enabling capabilities to transform our land forces; sustaining continuous land-based deterrence within Europe. We will do this in the short term through:

      • Working jointly in the Armour Capability Coalition to drive innovation in the land domain, through support to Ukraine.
      • Working jointly with Canada and the Baltic States, including through the 3+3 format, to rapidly transform the capability and effectiveness of our respective Forward Land Forces and tap the full potential of synergies of the Forward Land Forces in the Baltic States
      • Co-ordination of UK and German exercises between the Forward Land Forces, with the goal of combined exercises.
      • Working together to tackle the challenges in the shortage of NATO Corps troops across the Alliance. Equipping, training, and exercising the German-British Amphibious Engineer Battalion 130 in Minden to fulfil tasks as one entity within the NATO Force Model.
      • Fostering a deep Industrial Partnership between UK and German Defence Industries, including assisting respective prime contractors wishing to expand production facilities in each other’s countries. Our will to develop industrial co-operation is illustrated by developing plans between the UK MOD and Rheinmetall for a new barrel factory to be opened in the UK, further strengthening the defence industrial links between the UK and Germany.
      • Close collaboration in the BOXER User Group, conducting regular consultations on the “strategic pipeline”, and joint exploration of new capabilities and variants, striving for a closer exchange of BOXER In-Service-Experience topics, and close co-operation in the area of BOXER training and operation. Beyond BOXER, we will pursue joint procurement and through-life capability management initiatives around land vehicles.

       And in the medium term through:

      • Joint development of common offboard systems for Future Ground Combat Systems to support interoperability between those systems, in co-ordination with Allies and Partners
      • Joint development of military doctrines for future land warfighting, supported by Artificial Intelligence and Emerging Disruptive Technologies.

      Undersea Co-operation in the Northern Seas: The UK and Germany will work jointly to strengthen UK-German naval co-operation with a focus on the North Atlantic and North Sea. We will aim to establish and share a clear and concise picture of underwater activity, significantly contributing to the protection of Critical Undersea Infrastructure and Sea Lines of Communications. We will do this in the short term through:

      • Co-ordination of combined and joint operations in the North Atlantic, in close co-operation with Allies and partners, focussing on Anti-Submarine Warfare with ships, submarines, and aircraft. We will enable forward deployments of each other’s units and goods between our countries when required.
      • Episodic deployments of German P-8A Poseidon Maritime Patrol Aircraft in the UK to support interoperability and collaborative Anti-Submarine Warfare operations in the North Atlantic, following their entry into service.
      • Joint development of common training for our Maritime Patrol Aircraft crews.
      • Promoting a common co-operative procurement of the UK’s Lightweight Torpedo STINGRAY MOD 2 for our Maritime Patrol Aircraft.
      • Contributing to the strengthening of NATO’s work strand on Critical Undersea Infrastructure.

      And in the medium term through: 

      • Exploring new offboard undersea surveillance capabilities to improve detection of adversary activity and support the protection of Critical Undersea Infrastructure, supported by Artificial Intelligence and Emerging Disruptive Technologies.

      In addition, we are committed to working together for as long as it takes to support and enable Ukraine to counter Russian aggression. Our combined will is unequivocal, we will continue to ensure Ukraine has the military capabilities it requires. Our specialist teams and our Defence Industries will work ever more closely to ensure that Ukraine will prevail and achieve a fair and lasting peace. In the short term, we will collectively provide Ukraine with a new offensive capability, supporting fitting German donated Sea King Helicopters with modern missile systems. In the longer term, we will work increasingly closely through the Capability Coalitions for Ukraine using the lessons learnt there to continuously develop our co-operation. The UK will increase its support to the German and Polish-led Armour Coalition, Germany will support the UK and Latvian led drone coalition.

      Through our agreed mechanisms, enhanced dialogue, and increased political leadership, we will drive co-operation for decades to come. We will regularly review the content and our collaboration. We will consistently raise our ambitions to meet tomorrow’s threats wherever they come from: on Land, at Sea, or in the Air, in Space or in the Cyber domain; and irrespective of whether these threats are caused by hostile actors or are a result of natural disasters or Climate Change.

      We will confront such threats across all domains and between each of our Armed Forces and joint organisations, with co-operation in Cyber, Communications, and Information Systems forming the backbone and connective tissue required to embark on such an ambitious programme of work.

      John Healey Boris Pistorius
      Secretary of State for Defence of the United Kingdom Federal Minister of Defence of the Federal Republic of Germany

      UK-Germany Trinity House Agreement on Defence

      Updates to this page

      Published 23 October 2024

      MIL OSI United Kingdom

    13. MIL-OSI Europe: Answer to a written question – Measures to address water scarcity – need for EU initiatives and new financial instruments to assist Greece and other southern European countries – E-001675/2024(ASW)

      Source: European Parliament

      The EU provides significant financial support to address water management and scarcity. Between 2021 and 2027, EUR 13.2 billion of Cohesion Policy funds[1] are earmarked for sustainable water management.

      The Recovery and Resilience Facility[2], and several missions and partnerships under Horizon Europe[3] also provide support for water resilience[4].

      The Common Agricultural Policy[5] offers inter alia support[6] for water efficiency and water reuse in the agricultural sector, climate smart agriculture and innovation, and risk and crisis management tools.

      The EU programme for the environment and climate action[7] co-finances innovative projects in the environmental sector, including recovery of resources from water.

      Preparatory work and reflections are ongoing for the next multi-annual financial framework.

      Supporting Member States on climate risk preparedness will be part of a European Climate Adaptation Plan[8].

      Moreover, the European Water Resilience strategy[9] will aim to ensure water resources are properly managed, scarcity is addressed, and that the water industry’s innovation is enhanced and takes a circular economy approach.

      It will build on ongoing efforts on water scarcity and drought management in the context of the implementation of the Water Framework Directive[10], including through the Ad Hoc Task group for Water Scarcity and Droughts[11], and the EU Climate Adaptation Strategy[12].

      The Commission will also continue supporting the tourism ecosystem under the Tourism transition pathway[13] to increase water efficiency, reducing water stress and pollution, and improving sanitation, as well as consider how to best support tourism businesses and destinations in the next EU budget.

      MIL OSI Europe News

    14. MIL-OSI Europe: MOTION FOR A RESOLUTION on the draft Commission implementing decision authorising the placing on the market of products containing, consisting of or produced from genetically modified cotton COT102 pursuant to Regulation (EC) No 1829/2003 of the European Parliament and of the Council – B10-0145/2024

      Source: European Parliament

      Committee on the Environment, Public Health and Food Safety
      Members responsible: Martin Häusling, Biljana Borzan, Anja Hazekamp

      B10‑0145/2024

      European Parliament resolution on the draft Commission implementing decision authorising the placing on the market of products containing, consisting of or produced from genetically modified cotton COT102 pursuant to Regulation (EC) No 1829/2003 of the European Parliament and of the Council (D098499/04 – 2024/2835(RSP))

      The European Parliament,

       having regard to the draft Commission implementing decision authorising the placing on the market of products containing, consisting of or produced from genetically modified cotton COT102 pursuant to Regulation (EC) No 1829/2003 of the European Parliament and of the Council (D098499/04),

       having regard to Regulation (EC) No 1829/2003 of the European Parliament and of the Council of 22 September 2003 on genetically modified food and feed[1], and in particular Article 7(3) and Article 19(3) thereof,

       having regard to the vote of the Standing Committee on Plants, Animals, Food and Feed referred to in Article 35 of Regulation (EC) No 1829/2003, on 8 July 2024, at which no opinion was delivered, and the vote of the Appeal Committee on 3 September 2024, at which again no opinion was delivered,

       having regard to Article 11 of Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers[2],

       having regard to the opinion adopted by the European Food Safety Authority (EFSA) on 10 May 2023, and published on 26 June 2023[3],

       having regard to its previous resolutions objecting to the authorisation of genetically modified organisms (‘GMOs’)[4],

       having regard to Rule 115(2) and (3) of its Rules of Procedure,

       having regard to the motion for a resolution of the Committee on the Environment, Public Health and Food Safety,

      A. whereas, on 31 March 2017, Syngenta Crop Protection NV/SA, based in Belgium, submitted, on behalf of Syngenta Crop Protection AG, based in Switzerland, an application to the national competent authority of Germany for the placing on the market of foods, food ingredients and feed containing, consisting of or produced from genetically modified cotton COT102 (the ‘GM cotton’), in accordance with Articles 5 and 17 of Regulation (EC) No 1829/2003 (‘the application’); whereas the application also covered the placing on the market of products containing or consisting of the GM cotton for uses other than food and feed, with the exception of cultivation;

      B. whereas, on 10 May 2023, EFSA adopted a favourable opinion, which was published on 10 May 2023, concluding that the GM cotton is as safe as its non-GM comparator and the tested non-GM cotton varieties with respect to potential effects on human and animal health and the environment;

      C. whereas the GM cotton contains genes producing insecticidal proteins (‘Bt toxins’) and an antibiotic resistance marker gene (‘ARMG’);

      D. whereas cottonseed oil may be used in the production of a wide variety of food products such as dressings, mayonnaise, fine bakery wares, chocolate spreads and chips; whereas consumption of cottonseed flour is the most likely way in which humans could be exposed to the two proteins resulting from the genetic modification; whereas cotton is commonly used in animal feed in the form of undelinted seeds and meal;

      Outstanding questions concerning Bt toxins

      E. whereas the toxicity of the Bt toxins was assessed on the basis of feeding studies using only isolated Bt proteins produced by bacteria; whereas little significance can be attributed to toxicological tests conducted with proteins in isolation, due to the fact that Bt toxins in GM crops, such as maize, cotton and soybeans, are inherently more toxic than isolated Bt toxins; whereas this is because protease inhibitors (PI), present in the plant tissue, can increase the toxicity of the Bt toxins by delaying their degradation; whereas this phenomenon has been demonstrated in a number of scientific studies, including one conducted for Monsanto which showed that even the presence of extremely low levels of PI enhanced the toxicity of Bt toxins up to 20-fold[5];

      F. whereas this enhanced toxicity is not taken into account in EFSA risk assessments, even though it is relevant for all Bt plants approved for import or cultivation in the Union; whereas risks to humans and animals that consume food and feed containing Bt toxins and which arise from this enhanced toxicity due to the interaction between PI and Bt toxins cannot, therefore, be ruled out;

      G. whereas a number of studies show that side effects have been observed that may affect the immune system following exposure to Bt toxins and that some Bt toxins may have adjuvant properties[6], meaning that they can increase the allergenicity of other proteins with which they come into contact;

      Bt crops: effects on non-target organisms

      H. whereas, unlike the use of insecticides, where exposure is at the time of spraying and for a limited time afterwards, the use of Bt GM crops leads to continuous exposure of the target and non-target organisms to Bt toxins;

      I. whereas the assumption that Bt toxins exhibit a single target-specific mode-of-action can no longer be considered correct and effects on non-target organisms cannot be excluded[7];

      J. whereas an increasing number of non-target organisms are reported to be affected in many ways; whereas 39 peer-reviewed publications that report significant adverse effects of Bt toxins on many ‘out-of-range’ species are mentioned in a recent overview[8];

      Reducing dependency on imported feed

      K. whereas one of the lessons from the COVID-19 crisis and the still ongoing war in Ukraine is the need for the Union to end the dependencies on some critical materials; whereas in the mission letter to Commissioner-delegate Christophe Hansen, Commission President Ursula von der Leyen asks him to look at ways to reduce imports of critical commodities[9];

      Inclusion of ARMG

      L. whereas the GM cotton produces the APH4 protein, which is used as an ARMG and which deactivates the activity of the antibiotic hygromycin B;

      M. whereas Article 4(2) of Directive 2001/18/EC of the European Parliament and of the Council[10] requires that ‘GMOs which contain genes expressing resistance to antibiotics in use for medical or veterinary treatment are taken into particular consideration when carrying out an environmental risk assessment, with a view to identifying and phasing out antibiotic resistance markers in GMOs which may have adverse effects on human health and the environment’ and sets a deadline of 2004, beyond which they should not be placed on the Union market;

      N. whereas Commission Implementing Regulation (EU) No 503/2013[11] states that it is now possible to develop GMOs without the use of ARMGs […] the applicant should therefore aim to develop GMOs without the use of ARMGs;

      O. whereas several Member States raised critical comments regarding the use of ARMGs, including that, in the face of the current crisis concerning antibiotic resistance, it would be wise to implement the precautionary principle, especially in the present case where the application of the ARMG is completely unnecessary and the removal of the ARMG from the plant genome possible; whereas one Member State’s competent authority gave the authorisation an unfavourable opinion based on the presence of the ARMG in the genome of the GM cotton;

      P. whereas the European Medical Agency has confirmed there are no products containing hygromycin B authorised for therapeutic, prophylactic or any other medical uses in humans or animals in the Member States and there are no central authorisations for human or veterinary use for medicinal products that contain hygromycin B11; whereas the EFSA opinion states that ‘the GMO Panel considers that the risk assessment may need to be updated in case products containing hygromycin B or other substrates of the APH4 enzyme obtain future market approval in the EU’; whereas, however, hygromycin B is used in veterinary products which are sold outside the Union;

      Q. whereas the Parliament has, on at least one previous occasion, objected to the import of GM crops which contained ARMGs[12];

      R. whereas antimicrobial resistance poses a threat to global health, food security, and achieving the 2030 Sustainable Development Goals, and drug-resistant infections know no borders[13];

      Member State competent authority and stakeholder comments

      S. whereas Member States submitted many critical comments to EFSA during the three-month consultation period[14] including that cultivation of the GM cotton on agricultural fields is to be considered as deliberate contamination of natural environments with antibiotic resistance genes, as well as that the information provided on molecular characterisation, composition and toxicology is insufficient and therefore EFSA’s conclusions of equivalence of the GM cotton with conventional cotton in terms of food and feed safety is premature;

      T. whereas Regulation (EC) No 1829/2003 states that GM food or feed must not have adverse effects on human health, animal health or the environment, and requires the Commission to take into account any relevant provisions of Union law and other legitimate factors relevant to the matter under consideration when drafting its decision; whereas such legitimate factors should include the Union’s commitments to tackle antimicrobial resistance;

      Undemocratic decision-making

      U. whereas, in its eighth term, Parliament adopted a total of 36 resolutions objecting to the placing on the market of GMOs for food and feed (33 resolutions) and to the cultivation of GMOs in the Union (three resolutions); whereas, in its ninth term, Parliament adopted 38 objections to the placing GMOs on the market;

      V. whereas despite its own acknowledgement of the democratic shortcomings, the lack of support from Member States and the objections of Parliament, the Commission continues to authorise GMOs;

      W. whereas no change of law is required for the Commission to be able not to authorise GMOs when there is no qualified majority of Member States in favour in the Appeal Committee[15];

      X. whereas the vote on 8 July 2024 of the Standing Committee on Plants, Animals, Food and Feed referred to in Article 35 of Regulation (EC) No 1829/2003 delivered no opinion, meaning that the authorisation was not supported by a qualified majority of Member States; whereas the vote on 3 September 2024 of the Appeal Committee again delivered no opinion;

      1. Considers that the draft Commission implementing decision exceeds the implementing powers provided for in Regulation (EC) No 1829/2003;

      2. Considers that the draft Commission implementing decision is not consistent with Union law, in that it is not compatible with the aim of Regulation (EC) No 1829/2003, which is, in accordance with the general principles laid down in Regulation (EC) No 178/2002 of the European Parliament and of the Council[16], to provide the basis for ensuring a high level of protection of human life and health, animal health and welfare, and environmental and consumer interests, in relation to GM food and feed, while ensuring the effective functioning of the internal market;

      3. Calls on the Commission to withdraw its draft implementing decision and to submit a new draft to the committee;

      4. Reiterates its call on the Commission not to authorise the placing on the market of any GM plants containing genes which confer antimicrobial resistance; notes that authorisation would be in violation of Article 4(2) of Directive 2001/18/EC which calls for a phase out of ARMGs which may have adverse effects on human health or on the environment;

      5. Welcomes the fact that the Commission finally recognised, in a letter of 11 September 2020 to Members, the need to take sustainability into account when it comes to authorisation decisions on GMOs[17]; expresses its deep disappointment, however, that, since then the Commission has continued to authorise GMOs for import into the Union, despite ongoing objections by Parliament and a majority of Member States voting against;

      6. Urges the Commission, again, to take into account the Union’s obligations under international agreements, such as the Paris Climate Agreement, the United Nations Convention on Biological Diversity and the United Nations Sustainable Development Goals; reiterates its call for draft implementing acts to be accompanied by an explanatory memorandum explaining how they uphold the principle of ‘do no harm’[18];

      7. Instructs its President to forward this resolution to the Council and the Commission, and to the governments and parliaments of the Member States.

       

       

      MIL OSI Europe News

    15. MIL-OSI United Kingdom: Caol Swedish Timber Retrofit Project

      Source: Scotland – Highland Council

      The Highland Council is undertaking a retrofit project in Caol for Swedish Timber properties which aims to enhance the energy efficiency of homes, reduce carbon emissions and reduce energy demand and costs. This initiative is part of the Council’s efforts to meet its 2045 Net Zero targets, in line with the Local Heat and Energy Efficiency Strategy.

      The project aims to reduce energy costs, improve lifestyles and make homes warmer for residents, while addressing fuel poverty. Focusing on properties which have a low energy efficiency rating and are amongst the most in need of energy efficiency upgrades to meet Scotland’s energy standards. This is a mixed tenure project and available to both privately owned and Council properties.

      Councillor Sarah Fanet, Chair of the Climate Change Committee, said “It is wonderful to see the Council delivering a mixed tenure project which offers significant benefits to Highland residents, aligning with Net Zero targets and housing standards. This project is an exemplar for building future mixed-tenure retrofit projects which can attract various sources of external funding, aligning with the Council’s ambition to reduce fuel poverty across the region.”

      Anticipated benefits of the project include lower energy bills, improved home comfort, and significant reductions in carbon emissions. Some properties are expected to see significant increases in their Energy Performance Certificate (EPC) rating, potentially increasing ratings from E to B. The improvements are expected to make homes not only more energy efficient but also more affordable to maintain in the long term.

      The Council is delivering the project in partnership with Union Technical Services Limited, who is the Council’s approved Energy Efficient Scotland: Area Based Scheme (EES:ABS) contractor and have produced a video (link below) which outlines the project.

      https://vimeo.com/1008021843/ab3462bf62?share=copy

      Michael Sweeney, Director, Union Technical Services said “We are delighted to be delivering the scheme in Caol. This will give the whole area a lift in terms of aesthetics but more importantly we will be reducing fuel bills and giving residents a better quality of life and a warmer home to live in.”

      Multiple funding streams, including Scottish Government EES:ABS, Energy Company Obligation (ECO) funding, SSE Renewable grant and Council Housing Capital budget, have been secured to enable the Council to have a wider impact and achieve economies of scale.

      Lindsay Dougan, Senior Manager, SSE Renewables said “The Highland Energy Efficiency Programme is a great example of partners working together to support the needs of the Highlands. SSE Renewables Sustainable Development Fund has provided £1.8 million to the programme to ensure households in extreme fuel poverty are supported to have the warmer, energy efficient homes they need.”

      This project builds on the success of the Council’s Energy Efficient Scotland: Area Based Scheme, which the Council is delighted to announce has been shortlisted as a finalist for The Scottish Green Energy Awards in two award categories; Outstanding Project Award and Carbon Reduction Award.

      For more information and to stay updated on the Energy Efficient Highland Project, please visit our website https://www.highland.gov.uk/info/1210/environment/829/energy_and_sustainability/4

      MIL OSI United Kingdom

    16. MIL-OSI Asia-Pac: ICG implements preventive measures in view of Cyclone Dana’s likely landfall along West Bengal & Odisha coasts

      Source: Government of India

      ICG implements preventive measures in view of Cyclone Dana’s likely landfall along West Bengal & Odisha coasts  

      Vessels & aircraft strategically positioned; Weather warnings & safety advisories being broadcast; Disaster relief teams on standby

      Posted On: 23 OCT 2024 2:49PM by PIB Delhi

      As Cyclone Dana is forecast to make landfall on October 24-25, 2024 along the coasts of West Bengal and Odisha, Indian Coast Guard (ICG) Region (North-East) has implemented a series of preventive measures to safeguard lives and property at sea. The ICG has been closely monitoring the situation and has taken proactive steps to ensure preparedness for dealing with any emergency arising from the cyclone’s impact. 

      ICG has tasked ships, aircraft and Remote Operating Stations at West Bengal and Odisha to broadcast regular weather warnings and safety advisories to fishermen and mariners. These alerts are being transmitted continuously to all fishing vessels, urging them to return to shore immediately and seek safe shelter.

      The ICG has mobilised its vessels and aircraft, positioning them strategically to respond swiftly to any emergency situation at sea. Additionally, ICG personnel are working in coordination with local administrations and disaster management authorities to ensure a coordinated and effective response.

      Fishing communities along the coastline have been informed through various channels, including village heads, to avoid venturing into the sea until the cyclone passes. The ICG is on high alert, with its dedicated disaster relief teams and assets ready to provide assistance, rescue & relief operations.

       ***

      SR/Savvy/KB

      (Release ID: 2067301) Visitor Counter : 65

      MIL OSI Asia Pacific News

    17. MIL-OSI Asia-Pac: Union Minister, Ministry of Panchayati Raj, Shri Rajiv Ranjan Singh to Launch “Weather Forecasts at the Gram Panchayat Level” on 24th October 2024 at Vigyan Bhawan, New Delhi

      Source: Government of India (2)

      Union Minister, Ministry of Panchayati Raj, Shri Rajiv Ranjan Singh to Launch “Weather Forecasts at the Gram Panchayat Level” on 24th October 2024 at Vigyan Bhawan, New Delhi

      Villages to become Climate Resilient: Weather Forecasts will now be Available to Gram Panchayats

      Gram Panchayats to Get Access to 5-Day and Hourly Weather Forecasts

      Posted On: 23 OCT 2024 9:53AM by PIB Delhi

      The Ministry of Panchayati Raj (MoPR), in collaboration with the India Meteorological Department (IMD), Ministry of Earth Sciences (MoES), is set to launch a landmark and a transformative initiative to provide Gram Panchayats with 5 days daily weather forecasting and provision to check hourly weather forecast Gram Panchayat-Level Weather Forecasting – on 24th October 2024 at Vigyan Bhawan, New Delhi. This initiative, aimed at empowering rural communities and enhancing disaster preparedness at the grassroots, will directly benefit farmers and villagers across the country. As part of the Government’s 100 Days Agenda, this initiative strengthens grassroots governance and promotes sustainable agricultural practices, making rural populations more climate-resilient and better equipped to tackle environmental challenges.

      This is the first time that localized weather forecasts will be available at the Gram Panchayat level, supported by IMD’s expanded sensor coverage. The forecasts will be disseminated through the Ministry’s digital platforms: e-GramSwaraj, which enables efficient governance, project tracking, and resource management; the Meri Panchayat app, which fosters community engagement by allowing citizens to interact with local representatives and report issues; and Gram Manchitra, a spatial planning tool that provides geospatial insights for development projects.

      The launch will be graced by the presence of Shri Rajiv Ranjan Singh alias Lalan Singh, Minister of Panchayati Raj, Shri (Dr.) Jitendra Singh, Minister of State (Independent Charge) for Science and Technology & Earth Sciences, and Shri Prof. S. P. Singh Baghel, Minister of State for Panchayati Raj along with Shri Vivek Bharadwaj, Secretary, Ministry of Panchayati Raj, Shri Devesh Chaturvedi, Secretary, Ministry of Agriculture & Farmers Welfare, Dr. M. Ravichandran, Secretary, Ministry of Earth Sciences, Dr. Mrutyunjay Mohapatra, DG, India Meteorological Department, Shri Alok Prem Nagar, Joint Secretary, Ministry of Panchayati Raj and other senior officials from the Ministries of Panchayati Raj, Agriculture, Rural Development, National Disaster Management Authority (NDMA), Department of Science and Technology (DST), and other key stakeholders.

      A Training Workshop on “Weather Forecasts at the Gram Panchayat Level” will be organized to mark the launch of this pioneering initiative. The workshop will be attended by more than 200 participants, including Elected Representatives of Panchayati Raj Institutions and State Panchayati Raj officials. This training session will equip Panchayat representatives and functionaries with the knowledge and skills to effectively utilize weather forecasting tools and resources at the grassroots level, empowering them to make informed decisions and enhance climate resilience in their communities.

      This endeavour, a key component of the Government’s 100 Days Agenda, is a significant stride toward boosting local-level governance and cultivating climate-resilient villages. As weather patterns become increasingly unpredictable, the introduction of weather forecasting at the Gram Panchayat level will serve as a crucial tool in safeguarding agricultural livelihoods and enhancing rural preparedness against natural disasters. Gram Panchayats will receive daily updates on temperature, rainfall, wind speed, and cloud cover, empowering them to make critical decisions in agriculture, such as planning sowing, irrigation, and harvesting activities. These tools will also strengthen disaster preparedness and infrastructure planning. Furthermore, SMS alerts will be sent to Panchayat representatives regarding extreme weather events like cyclones and heavy rainfall, ensuring immediate action to protect lives, crops, and property. This endeavour is a transformative step toward building climate-resilient communities at the grassroots level.

      ***

       

      AA

      (Release ID: 2067232) Visitor Counter : 53

      MIL OSI Asia Pacific News

    18. MIL-OSI Africa: Environmental, Social and Governance Disclosure is Critical for Africa’s Sustainable Development — African Development Bank Group (AfDB) Vice-President (VP) Quaynor at Inaugural Africa Environmental, Social and Governance (ESG) Forum

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

      ABIDJAN, Ivory Coast, October 23, 2024/APO Group/ —

      “The importance of ESG disclosure for attracting finance for sustainable development in Africa cannot be overstated. It is no longer an optional add-on; it is a necessity if Africa is to thrive and not just survive in the 21st century,” stated Solomon Quaynor, African Development Bank Group (www.AfDB.org) Vice-President in opening the inaugural Africa ESG Forum today in Abidjan, Côte d’Ivoire.

      The two-day event, jointly organised by the African Development Bank, the Multilateral Cooperation Center for Development Finance (MCDF) (http://apo-opa.co/4eQY1bJ), and Making Finance Work for Africa (MFW4A) takes place under the theme Building a Sustainable Finance Ecosystem for Africa: A Collaborative Approach for ESG Disclosure.

      The forum aims to catalyze collaboration and knowledge sharing on ESG issues, paving the way for the establishment of a centralised Africa ESG Information Disclosure Hub and embedding ESG principles into the continent’s development strategies.

      MFW4A is a platform for African governments, the private sector, and development partners to coordinate financial sector development across the continent. Its secretariat is hosted by the African Development Bank Group.

      Quaynor, the Bank Group’s Vice president for Private Sector, Infrastructure & Industrialization emphasized the urgency of adopting robust ESG practices. “Achieving sustainable development requires substantial financial investments which will not come without trust, transparency, and accountability,” he said. He also highlighted that Africa faces low awareness of ESG’s importance, inadequate infrastructure for data collection, and inconsistent policy engagement. Fragmented ESG disclosure standards could lead to Africa being excluded from global capital markets that increasingly prioritise sustainability.

      Quaynor noted, “By facilitating better data availability and promoting best practices, we can enhance stakeholder engagement and foster greater trust between investors and businesses. This is essential for building a sustainable finance ecosystem that benefits everyone.”

      Frederic Wiltmann, Head of Project Team at MCDF, elaborated on its work to support sustainable investment. “We now have several capacity-building programs focused on facilitating trade financing, connectivity infrastructure development, and environmental and social safeguards,” he said. “One of the pillars involves establishing this Disclosure Hub initiative, and today’s forum serves as a launch for this capacity-building program, of which we hope the Disclosure Hub will be one of the major outputs.”

      Opening-day sessions featured discussion of the development of an African ESG taxonomy and an overview of the global landscape of ESG disclosure. “Despite the challenges we face, there are many opportunities for Africa to lead in sustainability reform, and the establishment of the Sustainability Centre of Excellence is critical for driving the adoption of international standards,” said Lebogang Senne, Technical Director of the Pan African Federation of Accountants. PAFA’s board in August 2024 approved the establishment of a Centre of Excellence to accelerate the Africa-wide adoption and implementation of the IFRS Sustainability Disclosure Standards of the International Sustainability Standards Board (ISSB).

      In a session titled, Perspectives from Sustainable Finance Initiatives, Wakesho Sonje of ICEA LION GROUP said The Nairobi Declaration for Sustainable Insurance is driving ESG integration in Africa’s insurance sector, with 219 members across 36 countries committed to sustainable principles and SDGs. She also highlighted that innovative products like parametric insurance are being developed to address climate-related risks and protect vulnerable communities. Additionally, initiatives like the African Development Bank’s Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) are partnering to achieve similar goals, she said.  

      Nearly one hundred delegates attended physically with a further 400 online sharing insights and posing questions to the speakers, reflecting strong commitment to addressing the critical role of Environmental, Social, and Governance (ESG) disclosure in fostering sustainable development across the continent.

      Day 2 will feature engaging discussions on the challenges and opportunities in ESG reporting in Africa with insights from industry leaders. Additionally, sessions will focus on investor expectations for ESG reporting, including a panel discussion featuring representatives from various financial institutions.

      MIL OSI Africa

    19. MIL-OSI: EBC Financial Group and the University of Oxford’s Department of Economics Announce WERD Episode on Macroeconomics and Climate

      Source: GlobeNewswire (MIL-OSI)

      OXFORD, United Kingdom, Oct. 23, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC) is proud to announce its continued collaboration with the University of Oxford’s Department of Economics for the 2024-2025 edition of the acclaimed “What Economists Really Do” (WERD) webinar series. The upcoming event will be the first WERD event to feature a dedicated panel discussion session in a hybrid setting, titled “Sustaining Sustainability: Balancing Economic Growth and Climate Resilience”. It also marks the second collaboration between EBC and the University of Oxford’s Department of Economics this year, following an earlier success in March. EBC’s ongoing collaboration with the University of Oxford’s Department of Economics builds on the success of their previous WERD webinar, which focused on The Economics of Tax Evasion. That session explored the impact of tax evasion on both global and local economies, highlighting the importance of financial literacy in addressing complex economic issues.

      The hybrid event will take place on 14 November 2024 at the Sir Michael Dummett Lecture Theatre, Christ Church College, and will bring together prominent thought leaders to discuss the intersection of economic policies and environmental sustainability.

      As global climate challenges intensify, this event comes at a critical time when the financial sector’s role in fostering sustainable development is under increased scrutiny. In today’s economic landscape, aligning financial strategies with environmental stewardship is essential. Through sponsoring this upcoming WERD episode, EBC will shift its focus toward addressing the pressing issues of climate resilience and sustainable economic growth. The panel discussion will explore how macroeconomic policies can help address some of the world’s most urgent environmental challenges while ensuring economic stability. This timely dialogue underscores EBC’s commitment to fostering discussions on how financial markets can lead the charge in sustainability.

      David Barrett, CEO of EBC Financial Group (UK) Ltd, expressed his enthusiasm for the ongoing collaboration: “We are excited to partner once more with the University of Oxford’s Department of Economics for the second episode of the ‘What Economists Really Do’ webinar series for the 2024-2025 edition. This collaboration embodies our commitment to advancing academic research and addressing the pressing issue of climate change through macroeconomic perspectives. At EBC Financial Group, we believe in the power of strategic partnerships to drive meaningful change, and we are proud to support such an esteemed partner in a collective mission to shape a more sustainable future.”

      Banu Demir Pakel, session moderator and the Associate Head of External Engagement and Associate Professor of Economics, added: “We are pleased to welcome EBC Financial Group back to sponsor another special episode of ‘What Economists Really Do’ (WERD). In the previous WERD episode, we welcomed David Barrett, CEO of EBC Financial Group (UK) Ltd to discuss ‘The Economics of Tax Evasion’—proving how invaluable industry insights can be to an academic discussion. On the basis of this success, we are looking forward to hosting a larger hybrid panel event with further guests from the industry, plus a keynote lecture from Professor Andrea Chiavari on the topic of ‘Macroeconomics and Climate.’ The Department of Economics is proud to facilitate thought-leadership discussions between academia and industry, and we are grateful for EBC’s ongoing support. We look forward to a prosperous event.”

      The University of Oxford’s Department of Economics is globally celebrated for its rigorous academic research and significant contributions to economic policy. Attendees will gain valuable insights into how macroeconomic principles can align with sustainable growth objectives, informed by perspectives from both academia and the financial sector. With discussions that bridge the gap between theory and practice, this event will provide a forward-looking view of how economic policies can uplift environmental resilience and ensure global economic stability. Participants will also hear from industry leaders about the practical steps businesses and institutions can and are taking to achieve sustainable growth.

      Embracing a Broader Vision of Sustainable Development
      EBC Financial Group’s support for this initiative comes at a time of strategic global expansion. With a growing presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, and Sydney, as well as emerging markets in Southeast Asia, Latin America, Africa, and India, EBC is committed to empowering local markets with financial solutions that are both robust and sustainable. By engaging with leading academic institutions like the University of Oxford’s Department of Economics, EBC aims to strengthen its role as a catalyst for positive change in regions that are traditionally underserved by major financial institutions.

      The proceeds from this year’s WERD event will support the Department and its goal to produce leading research and world-class education. Registration for the event is now open, offering both in-person and online access to accommodate a global audience. To reserve your spot, please visit this link.

      About EBC Financial Group
      Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. EBC has quickly established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, the Cayman Islands, and across emerging markets in Latin America, Southeast Asia, Africa, and India. EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

      Recognised by multiple awards, EBC prides itself on adhering to the leading levels of ethical standards and international regulation. EBC Financial Group’s subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC).

      At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

      EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

      https://www.ebc.com/

      Media Contact:

      Savitha Ravindran
      Global Public Relations Manager (EMEA, LATAM)
      savitha.ravindran@ebc.com  

      Chyna Elvina
      Global Public Relations Manager (APAC, LATAM)
      chyna.elvina@ebc.com

      Douglas Chew
      Global Public Relations Lead
      douglas.chew@ebc.com

      A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aaaa905a-4c02-44a0-bf7d-b8be3dec4b36

      The MIL Network

    20. MIL-OSI: United Community Banks, Inc. Reports Third Quarter Results

      Source: GlobeNewswire (MIL-OSI)

      GREENVILLE, S.C. , Oct. 23, 2024 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NYSE: UCB) (United) today announced net income for the 2024 third quarter of $47.3 million and pre-tax, pre-provision income of $74.2 million. The result included the previously announced strategic decision to sell $318 million in manufactured housing loans, which negatively impacted the quarter by $21.4 million after-tax, or $0.18 per share. Diluted earnings per share of $0.38 for the quarter represented a decrease of $0.01, or 3%, from the third quarter a year ago and a decrease of $0.16, or 30%, from the second quarter of 2024.

      On an operating basis, United’s diluted earnings per share of $0.57 was up 27% from the year-ago quarter. The primary drivers of the increased earnings per share year-over-year were higher net interest income and a lower provision for credit losses. The $0.57 result includes a $9.9 million Hurricane Helene related loan loss provision to increase the reserve on $383 million of loans in nine North Carolina counties impacted by the hurricane to 3.5% of loans.

      United’s return on assets was 0.67%, or 1.01% on an operating basis. Return on common equity was 5.20% and return on tangible common equity on an operating basis was 11.17%. On a pre-tax, pre-provision basis, operating return on assets was 1.50% for the quarter. At quarter-end, tangible common equity to tangible assets was 8.93%, up 15 basis points from the second quarter of 2024.

      Chairman and CEO Lynn Harton stated, “We continue to focus on growth and the third quarter saw the return of modest loan and strong deposit growth. Excluding the sale of our manufactured housing portfolio, announced in early September, loan balances were up 1.5% annualized. Customer deposits, which exclude brokered deposits, were up $262 million, or 5% annualized. Our balance sheet remains highly liquid and our internal capital generation rate is running well in excess of our current capital needs. We maintained robust capital ratios with our preliminary CET1 moving to 13.1% and we opportunistically redeemed $8 million of relatively expensive Trust Preferred securities. The increase in liquidity and capital place us in a great position to take advantage of growth opportunities as we move into 2025.”

      Mr. Harton continued, “We elected to sell our manufactured housing loan book, a business that was part of our Reliant Bancorp, Inc. acquisition in January of 2022, as a natural conclusion of our exit from the business, as we ceased originating loans in the third quarter of 2023. The transaction reduces our risk profile and allows us to allocate capital to other growth opportunities.”

      United’s net interest margin decreased four basis points to 3.33% from the second quarter. The average yield on United’s interest-earning assets was down four basis points to 5.55%, while its cost of interest-bearing liabilities decreased two basis points, leading to the four-basis point reduction in net interest margin. Net charge-offs were $23.7 million, or 0.52% of average loans, during the quarter, up 26 basis points compared to the second quarter of 2024 due to transaction-related losses resulting from the sale of our manufactured housing portfolio. NPAs were 42 basis points relative to total assets, down one basis point from the second quarter.

      Mr. Harton concluded, “We are pleased with our operating performance this quarter, but we were also reminded this quarter of the importance of community. Many of our employees, customers, and communities have been impacted by the recent hurricanes. We are actively involved in the recovery process through volunteer hours and financial support and will be ready to lead the rebuilding process, when and as needed. Many thanks to our employees throughout the company that have responded, in sometimes heroic ways, to support each other and our customers.”

      Third Quarter 2024 Financial Highlights:

      • Net income of $47.3 million and pre-tax, pre-provision income of $74.2 million
      • EPS down 3% compared to third quarter 2023 on a GAAP basis and up 27% on an operating basis; compared to second quarter 2024, EPS down 30% on a GAAP basis and down 2% on an operating basis
      • The GAAP results were impacted by the decision to sell the manufactured housing loan book at a $21.4 million after-tax loss, or $0.18, approximately one year after making the strategic decision to cease originations
      • Return on assets of 0.67%, or 1.01% on an operating basis
      • Pre-tax, pre-provision return on assets of 1.50% on an operating basis
      • Return on common equity of 5.20%
      • Return on tangible common equity of 11.17% on an operating basis
      • A provision for credit losses of $14.4 million, which includes $9.9 million to establish a special reserve for expected credit losses from Hurricane Helene
      • Net charge-offs of $23.7 million, or 52 basis points as a percent of average loans, which included $11.0 million, or 24 basis points, of transaction-related losses from the sale of our manufactured housing portfolio
      • Nonperforming assets of 0.42% of total assets, down one basis point compared to June 30, 2024
      • Loan production of $1.2 billion
      • Customer deposits were up $262 million from the second quarter, with most of the growth in NOW and money market deposits
      • Net interest margin of 3.33% decreased by four basis points from the second quarter mostly due to lower purchased loan accretion, the sale of our manufactured housing portfolio, and changing composition of our earning assets and interest-bearing liabilities
      • Mortgage closings of $239 million compared to $211 million a year ago; mortgage rate locks of $306 million compared to $304 million a year ago
      • Noninterest income was down $28.5 million on a linked quarter basis with $27.2 million due to losses from the sale of manufactured housing loans. The remaining decrease was primarily driven by the mark on our mortgage servicing rights asset.
      • Noninterest expenses decreased by $4.0 million compared to the second quarter on a GAAP basis and were up $0.3 million on an operating basis
      • Efficiency ratio of 65.5%, or 57.4% on an operating basis
      • Maintained robust capital ratios with preliminary CET1 increasing to 13.1% and opportunistically redeemed $8 million of relatively expensive Trust Preferred securities
      • Quarterly common dividend of $0.24 per share declared during the quarter, up 4% year-over-year

      Conference Call
      United will hold a conference call on Wednesday, October 23, 2024 at 11 a.m. ET to discuss the contents of this press release and to share business highlights for the quarter. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10193157/fd9f74293a. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call also will be webcast and can be accessed by selecting “Events and Presentations” under “News and Events” within the Investor Relations section of the company’s website, http://www.ucbi.com.

      UNITED COMMUNITY BANKS, INC.
      Selected Financial Information
      (In thousands, except per share data)
        2024   2023     Third
      Quarter
      2024-
      2023
      Change
          For the Nine Months
      Ended September 30,
           YTD
      2024-
      2023
      Change
       
          Third
      Quarter
            Second
      Quarter
            First
      Quarter
            Fourth
      Quarter
            Third
      Quarter
              2024       2023    
      INCOME SUMMARY                                                        
      Interest revenue $ 349,086     $ 346,965     $ 336,728     $ 338,698     $ 323,147             $ 1,032,779     $ 898,409          
      Interest expense 139,900     138,265     137,579     135,245     120,591             415,744     284,097          
      Net interest revenue 209,186     208,700     199,149     203,453     202,556       3 %   617,035     614,312       %
      Provision for credit losses 14,428     12,235     12,899     14,626     30,268             39,562     74,804          
      Noninterest income 8,091     36,556     39,587     (23,090 )   31,977       (75 )   84,234     98,573       (15 )
      Total revenue 202,849     233,021     225,837     165,737     204,265       (1 )   661,707     638,081       4  
      Noninterest expenses 143,065     147,044     145,002     154,587     144,474       (1 )   435,111     416,686       4  
      Income before income tax expense 59,784     85,977     80,835     11,150     59,791           226,596     221,395       2  
      Income tax expense 12,437     19,362     18,204     (2,940 )   11,925       4     50,003     47,941       4  
      Net income 47,347     66,615     62,631     14,090     47,866       (1 )   176,593     173,454       2  
      Non-operating items 29,385     6,493     2,187     67,450     9,168             38,065     21,444          
      Income tax benefit of non-operating items (6,276 )   (1,462 )   (493 )   (16,714 )   (2,000 )           (8,231 )   (4,775 )        
      Net income – operating(1) $ 70,456     $ 71,646     $ 64,325     $ 64,826     $ 55,034       28     $ 206,427     $ 190,123       9  
      Pre-tax pre-provision income(5) $ 74,212     $ 98,212     $ 93,734     $ 25,776     $ 90,059       (18 )   $ 266,158     $ 296,199       (10 )
      PERFORMANCE MEASURES                                                        
      Per common share:                                                        
      Diluted net income – GAAP $ 0.38     $ 0.54     $ 0.51     $ 0.11     $ 0.39       (3 )   $ 1.43     $ 1.44       (1 )
      Diluted net income – operating(1) 0.57     0.58     0.52     0.53     0.45       27     1.67     1.58       6  
      Cash dividends declared 0.24     0.23     0.23     0.23     0.23       4     0.70     0.69       1  
      Book value 27.68     27.18     26.83     26.52     25.87       7     27.68     25.87       7  
      Tangible book value(3) 19.66     19.13     18.71     18.39     17.70       11     19.66     17.70       11  
      Key performance ratios:                                                        
      Return on common equity – GAAP(2)(4) 5.20 %   7.53 %   7.14 %   1.44 %   5.32 %           6.61 %   6.69 %        
      Return on common equity – operating(1)(2)(4) 7.82     8.12     7.34     7.27     6.14             7.76     7.35          
      Return on tangible common equity – operating(1)(2)(3)(4) 11.17     11.68     10.68     10.58     9.03             11.18     10.65          
      Return on assets – GAAP(4) 0.67     0.97     0.90     0.18     0.68             0.85     0.86          
      Return on assets – operating(1)(4) 1.01     1.04     0.93     0.92     0.79             0.99     0.95          
      Return on assets – pre-tax pre-provision – operating(1)(4)(5) 1.50     1.54     1.40     1.33     1.44             1.48     1.60          
      Net interest margin (fully taxable equivalent)(4) 3.33     3.37     3.20     3.19     3.24             3.30     3.41          
      Efficiency ratio – GAAP 65.51     59.70     60.47     66.33     61.32             61.76     58.06          
      Efficiency ratio – operating(1) 57.37     57.06     59.15     59.57     57.43             57.84     55.07          
      Equity to total assets 12.45     12.35     12.06     11.95     11.85             12.45     11.85          
      Tangible common equity to tangible assets(3) 8.93     8.78     8.49     8.36     8.18             8.93     8.18          
      ASSET QUALITY                                                        
      Nonperforming assets (“NPAs”) $ 114,960     $ 116,722     $ 107,230     $ 92,877     $ 90,883       26     $ 114,960     $ 90,883       26  
      Allowance for credit losses – loans 205,290     213,022     210,934     208,071     201,557       2     205,290     201,557       2  
      Allowance for credit losses – total 215,517     224,740     224,119     224,128     219,624       (2 )   215,517     219,624       (2 )
      Net charge-offs 23,651     11,614     12,908     10,122     26,638             48,173     42,121          
      Allowance for credit losses – loans to loans 1.14 %   1.17 %   1.15 %   1.14 %   1.11 %           1.14 %   1.11 %        
      Allowance for credit losses – total to loans 1.20     1.23     1.22     1.22     1.21             1.20     1.21          
      Net charge-offs to average loans(4) 0.52     0.26     0.28     0.22     0.59             0.35     0.32          
      NPAs to total assets 0.42     0.43     0.39     0.34     0.34             0.42     0.34          
      AT PERIOD END ($ in millions)                                                        
      Loans $ 17,964     $ 18,211     $ 18,375     $ 18,319     $ 18,203       (1 )   $ 17,964     $ 18,203       (1 )
      Investment securities 6,425     6,038     5,859     5,822     5,701       13     6,425     5,701       13  
      Total assets 27,373     27,057     27,365     27,297     26,869       2     27,373     26,869       2  
      Deposits 23,253     22,982     23,332     23,311     22,858       2     23,253     22,858       2  
      Shareholders’ equity 3,407     3,343     3,300     3,262     3,184       7     3,407     3,184       7  
      Common shares outstanding (thousands) 119,283     119,175     119,137     119,010     118,976           119,283     118,976        

      (1) Excludes non-operating items as detailed on Non-GAAP Performance Measures Reconciliation on next page. (2) Net income less preferred stock dividends, divided by average realized common equity, which excludes accumulated other comprehensive income (loss). (3) Excludes effect of acquisition related intangibles and associated amortization. (4) Annualized. (5) Excludes income tax expense and provision for credit losses.

      UNITED COMMUNITY BANKS, INC.
      Non-GAAP Performance Measures Reconciliation
      (in thousands, except per share data)
        2024   2023   For the Nine Months Ended
      September 30,
          Third
      Quarter
            Second
      Quarter
            First
      Quarter
            Fourth
      Quarter
            Third
      Quarter
            2024       2023  
                                               
      Noninterest income reconciliation                                        
      Noninterest income (GAAP) $ 8,091     $ 36,556     $ 39,587     $ (23,090 )   $ 31,977     $ 84,234     $ 98,573  
      Loss on sale of manufactured housing loans 27,209                     27,209      
      Gain on lease termination         (2,400 )           (2,400 )    
      Bond portfolio restructuring loss             51,689              
      Noninterest income – operating $ 35,300     $ 36,556     $ 37,187     $ 28,599     $ 31,977     $ 109,043     $ 98,573  
                                               
      Noninterest expense reconciliation                                        
      Noninterest expenses (GAAP) $ 143,065     $ 147,044     $ 145,002     $ 154,587     $ 144,474     $ 435,111     $ 416,686  
      Loss on FinTrust (goodwill impairment)     (5,100 )               (5,100 )    
      FDIC special assessment     764     (2,500 )   (9,995 )       (1,736 )    
      Merger-related and other charges (2,176 )   (2,157 )   (2,087 )   (5,766 )   (9,168 )   (6,420 )   (21,444 )
      Noninterest expenses – operating $ 140,889     $ 140,551     $ 140,415     $ 138,826     $ 135,306     $ 421,855     $ 395,242  
                                               
      Net income to operating income reconciliation                                        
      Net income (GAAP) $ 47,347     $ 66,615     $ 62,631     $ 14,090     $ 47,866     $ 176,593     $ 173,454  
      Loss on sale of manufactured housing loans 27,209                     27,209      
      Bond portfolio restructuring loss             51,689              
      Gain on lease termination         (2,400 )           (2,400 )    
      Loss on FinTrust (goodwill impairment)     5,100                 5,100      
      FDIC special assessment     (764 )   2,500     9,995         1,736      
      Merger-related and other charges 2,176     2,157     2,087     5,766     9,168     6,420     21,444  
      Income tax benefit of non-operating items (6,276 )   (1,462 )   (493 )   (16,714 )   (2,000 )   (8,231 )   (4,775 )
      Net income – operating $ 70,456     $ 71,646     $ 64,325     $ 64,826     $ 55,034     $ 206,427     $ 190,123  
                                               
      Net income to pre-tax pre-provision income reconciliation                                        
      Net income (GAAP) $ 47,347     $ 66,615     $ 62,631     $ 14,090     $ 47,866     $ 176,593     $ 173,454  
      Income tax expense 12,437     19,362     18,204     (2,940 )   11,925     50,003     47,941  
      Provision for credit losses 14,428     12,235     12,899     14,626     30,268     39,562     74,804  
      Pre-tax pre-provision income $ 74,212     $ 98,212     $ 93,734     $ 25,776     $ 90,059     $ 266,158     $ 296,199  
                                               
      Diluted income per common share reconciliation                                        
      Diluted income per common share (GAAP) $ 0.38     $ 0.54     $ 0.51     $ 0.11     $ 0.39     $ 1.43     $ 1.44  
      Loss on sale of manufactured housing loans 0.18                     0.18      
      Bond portfolio restructuring loss             0.32              
      Gain on lease termination         (0.02 )           (0.02 )    
      Loss on FinTrust (goodwill impairment)     0.03                 0.03      
      FDIC special assessment         0.02     0.06         0.01      
      Merger-related and other charges 0.01     0.01     0.01     0.04     0.06     0.04     0.14  
      Diluted income per common share – operating $ 0.57     $ 0.58     $ 0.52     $ 0.53     $ 0.45     $ 1.67     $ 1.58  
                                               
      Book value per common share reconciliation                                        
      Book value per common share (GAAP) $ 27.68     $ 27.18     $ 26.83     $ 26.52     $ 25.87     $ 27.68     $ 25.87  
      Effect of goodwill and other intangibles (8.02 )   (8.05 )   (8.12 )   (8.13 )   (8.17 )   (8.02 )   (8.17 )
      Tangible book value per common share $ 19.66     $ 19.13     $ 18.71     $ 18.39     $ 17.70     $ 19.66     $ 17.70  
                                               
      Return on tangible common equity reconciliation                                        
      Return on common equity (GAAP) 5.20 %   7.53 %   7.14 %   1.44 %   5.32 %   6.61 %   6.69 %
      Loss on sale of manufactured housing loans 2.43                     0.82      
      Bond portfolio restructuring loss             4.47              
      Gain on lease termination         (0.22 )           (0.07 )    
      Loss on FinTrust (goodwill impairment)     0.46                 0.16      
      FDIC special assessment     (0.07 )   0.23     0.86         0.05      
      Merger-related and other charges 0.19     0.20     0.19     0.50     0.82     0.19     0.66  
      Return on common equity – operating 7.82     8.12     7.34     7.27     6.14     7.76     7.35  
      Effect of goodwill and other intangibles 3.35     3.56     3.34     3.31     2.89     3.42     3.30  
      Return on tangible common equity – operating 11.17 %   11.68 %   10.68 %   10.58 %   9.03 %   11.18 %   10.65 %
                                               
      Return on assets reconciliation                                        
      Return on assets (GAAP) 0.67 %   0.97 %   0.90 %   0.18 %   0.68 %   0.85 %   0.86 %
      Loss on sale of manufactured housing loans 0.31                     0.10      
      Bond portfolio restructuring loss             0.57              
      Gain on lease termination         (0.03 )           (0.01 )    
      Loss on FinTrust (goodwill impairment)     0.06                 0.02      
      FDIC special assessment     (0.01 )   0.03     0.11         0.01      
      Merger-related and other charges 0.03     0.02     0.03     0.06     0.11     0.02     0.09  
      Return on assets – operating 1.01 %   1.04 %   0.93 %   0.92 %   0.79 %   0.99 %   0.95 %
                                               
      Return on assets to return on assets- pre-tax pre-provision reconciliation                                        
      Return on assets (GAAP) 0.67 %   0.97 %   0.90 %   0.18 %   0.68 %   0.85 %   0.86 %
      Income tax (benefit) expense 0.19     0.29     0.27     (0.04 )   0.18     0.25     0.25  
      Provision for credit losses 0.21     0.18     0.19     0.21     0.45     0.19     0.38  
      Loss on sale of manufactured housing loans 0.40                     0.13      
      Bond portfolio restructuring loss             0.75              
      Gain on lease termination         (0.04 )           (0.01 )    
      Loss on FinTrust (goodwill impairment)     0.08                 0.03      
      FDIC special assessment     (0.01 )   0.04     0.15         0.01      
      Merger-related and other charges 0.03     0.03     0.04     0.08     0.13     0.03     0.11  
      Return on assets – pre-tax pre-provision – operating 1.50 %   1.54 %   1.40 %   1.33 %   1.44 %   1.48 %   1.60 %
                                               
      Efficiency ratio reconciliation                                        
      Efficiency ratio (GAAP) 65.51 %   59.70 %   60.47 %   66.33 %   61.32 %   61.76 %   58.06 %
      Loss on sale of manufactured housing loans (7.15 )                   (2.25 )    
      Gain on lease termination         0.60             0.21      
      Loss on FinTrust (goodwill impairment)     (2.07 )               (0.73 )    
      FDIC special assessment     0.31     (1.05 )   (4.29 )       (0.24 )    
      Merger-related and other charges (0.99 )   (0.88 )   (0.87 )   (2.47 )   (3.89 )   (0.91 )   (2.99 )
      Efficiency ratio – operating 57.37 %   57.06 %   59.15 %   59.57 %   57.43 %   57.84 %   55.07 %
                                               
      Tangible common equity to tangible assets reconciliation                                        
      Equity to total assets (GAAP) 12.45 %   12.35 %   12.06 %   11.95 %   11.85 %   12.45 %   11.85 %
      Effect of goodwill and other intangibles (3.20 )   (3.24 )   (3.25 )   (3.27 )   (3.33 )   (3.20 )   (3.33 )
      Effect of preferred equity (0.32 )   (0.33 )   (0.32 )   (0.32 )   (0.34 )   (0.32 )   (0.34 )
      Tangible common equity to tangible assets 8.93 %   8.78 %   8.49 %   8.36 %   8.18 %   8.93 %   8.18 %
      UNITED COMMUNITY BANKS, INC.
      Loan Portfolio Composition at Period-End
        2024   2023    
      Linked
      Quarter
      Change
           
      Year over
      Year
      Change
       
       (in millions)   Third
      Quarter
            Second
      Quarter
            First
      Quarter
            Fourth
      Quarter
            Third
      Quarter
           
      LOANS BY CATEGORY                                
      Owner occupied commercial RE $ 3,323     $ 3,297     $ 3,310     $ 3,264     $ 3,279     $ 26     $ 44  
      Income producing commercial RE   4,259       4,058       4,206       4,264       4,130     201     129  
      Commercial & industrial   2,313       2,299       2,405       2,411       2,504     14     (191 )
      Commercial construction   1,785       2,014       1,936       1,860       1,850     (229 )   (65 )
      Equipment financing   1,603       1,581       1,544       1,541       1,534     22     69  
      Total commercial   13,283       13,249       13,401       13,340       13,297     34     (14 )
      Residential mortgage   3,263       3,266       3,240       3,199       3,043     (3 )   220  
      Home equity   1,015       985       969       959       941     30     74  
      Residential construction   189       211       257       302       399     (22 )   (210 )
      Manufactured housing   2       321       328       336       343     (319 )   (341 )
      Consumer   188       183       180       181       180     5     8  
      Other   24       (4 )           2           28     24  
      Total loans $ 17,964     $ 18,211     $ 18,375     $ 18,319     $ 18,203     $ (247 )   $ (239 )
                                                         
      LOANS BY MARKET                                                  
      Georgia $ 4,470     $ 4,411     $ 4,356     $ 4,357     $ 4,321     $ 59     $ 149  
      South Carolina   2,782       2,779       2,804       2,780       2,801     3     (19 )
      North Carolina   2,586       2,591       2,566       2,492       2,445     (5 )   141  
      Tennessee   1,848       2,144       2,209       2,244       2,314     (296 )   (466 )
      Florida   2,423       2,407       2,443       2,442       2,318     16     105  
      Alabama   996       1,021       1,068       1,082       1,070     (25 )   (74 )
      Commercial Banking Solutions   2,859       2,858       2,929       2,922       2,934     1     (75 )
      Total loans $ 17,964     $ 18,211     $ 18,375     $ 18,319     $ 18,203     $ (247 )   $ (239 )
      UNITED COMMUNITY BANKS, INC.                                    
      Credit Quality                                    
      (in thousands)                                    
            2024                        
          Third
      Quarter
        Second
      Quarter
        First
      Quarter
                             
      NONACCRUAL LOANS                                    
      Owner occupied RE   $ 7,783     $ 4,820     $ 2,310                          
      Income producing RE     31,222       34,285       29,186                          
      Commercial & industrial     28,856       17,335       20,134                          
      Commercial construction     7,356       6,854       1,862                          
      Equipment financing     9,123       8,341       8,829                          
      Total commercial     84,340       71,635       62,321                          
      Residential mortgage     21,851       18,473       16,569                          
      Home equity     4,111       3,779       4,984                          
      Residential construction     118       163       1,244                          
      Manufactured housing     1,808       20,356       19,797                          
      Consumer     152       72       54                          
      Total nonaccrual loans     112,380       114,478       104,969                          
      OREO and repossessed assets     2,580       2,244       2,261                          
      Total NPAs   $ 114,960     $ 116,722     $ 107,230                          
            2024  
          Third Quarter   Second Quarter   First Quarter
      (in thousands)   Net Charge-
      Offs
          Net Charge-
      Offs to
      Average Loans
      (1)
          Net Charge-
      Offs
        Net Charge-
      Offs to
      Average
      Loans
      (1)
        Net Charge-
      Offs
        Net Charge-
      Offs to
      Average
      Loans
      (1)
      NET CHARGE-OFFS (RECOVERIES) BY CATEGORY                            
      Owner occupied RE   $ (184 )     (0.02 )%   $ 163       0.02 %   $ 202       0.02 %
      Income producing RE     1,409       0.13       2,968       0.29       205       0.02  
      Commercial & industrial     4,577       0.79       1,281       0.22       3,906       0.65  
      Commercial construction     36       0.01       (48 )     (0.01 )     20        
      Equipment financing     5,268       1.32       5,502       1.42       6,362       1.66  
      Total commercial     11,106       0.33       9,866       0.30       10,695       0.32  
      Residential mortgage     32             (107 )     (0.01 )     (16 )      
      Home equity     36       0.01       (27 )     (0.01 )     (54 )     (0.02 )
      Residential construction     111       0.22       26       0.04       119       0.17  
      Manufactured housing     11,556       28.51       1,150       1.43       1,569       1.90  
      Consumer     810       1.74       706       1.57       595       1.33  
      Total   $ 23,651       0.52     $ 11,614       0.26     $ 12,908       0.28  
                                   
      (1)Annualized.                            
      UNITED COMMUNITY BANKS, INC.
      Consolidated Balance Sheets (Unaudited)
      (in thousands, except share and per share data)   September 30,
      2024
        December 31,
      2023
      ASSETS        
      Cash and due from banks   $ 202,644     $ 200,781  
      Interest-bearing deposits in banks     537,395       803,094  
      Cash and cash equivalents     740,039       1,003,875  
      Debt securities available-for-sale     4,023,455       3,331,084  
      Debt securities held-to-maturity (fair value $2,060,729 and $2,095,620, respectively)     2,401,877       2,490,848  
      Loans held for sale     49,800       33,008  
      Loans and leases held for investment     17,964,099       18,318,755  
      Allowance for credit losses – loans and leases     (205,290 )     (208,071 )
      Loans and leases, net     17,758,809       18,110,684  
      Premises and equipment, net     396,696       378,421  
      Bank owned life insurance     345,703       345,371  
      Goodwill and other intangible assets, net     975,117       990,087  
      Other assets     681,636       613,873  
      Total assets   $ 27,373,132     $ 27,297,251  
      LIABILITIES AND SHAREHOLDERS’ EQUITY        
      Liabilities:        
      Deposits:        
      Noninterest-bearing demand   $ 6,222,518     $ 6,534,307  
      NOW and interest-bearing demand     5,951,900       6,155,193  
      Money market     6,301,956       5,600,587  
      Savings     1,113,168       1,207,807  
      Time     3,490,399       3,649,498  
      Brokered     173,161       163,219  
      Total deposits     23,253,102       23,310,611  
      Long-term debt     316,363       324,823  
      Accrued expenses and other liabilities     396,987       400,292  
      Total liabilities     23,966,452       24,035,726  
      Shareholders’ equity:        
      Preferred stock; $1 par value; 10,000,000 shares authorized; 3,662 shares Series I issued and
      outstanding; $25,000 per share liquidation preference
          88,266       88,266  
      Common stock, $1 par value; 200,000,000 shares authorized,
      119,282,762 and 119,010,319 shares issued and outstanding, respectively
          119,283       119,010  
      Common stock issuable; 588,296 and 620,108 shares, respectively     12,661       13,110  
      Capital surplus     2,707,266       2,699,112  
      Retained earnings     668,965       581,219  
      Accumulated other comprehensive loss     (189,761 )     (239,192 )
      Total shareholders’ equity     3,406,680       3,261,525  
      Total liabilities and shareholders’ equity   $ 27,373,132     $ 27,297,251  
      UNITED COMMUNITY BANKS, INC.
      Consolidated Statements of Income (Unaudited)
          Three Months Ended
      September 30,
        Nine Months Ended
      September 30,
      (in thousands, except per share data)     2024       2023       2024       2023  
      Interest revenue:                
      Loans, including fees   $ 291,574     $ 273,781     $ 867,152     $ 760,696  
      Investment securities, including tax exempt of $1,713, $1,722, $5,133 and $5,563, respectively     52,997       44,729       149,496       125,775  
      Deposits in banks and short-term investments     4,515       4,637       16,131       11,938  
      Total interest revenue     349,086       323,147       1,032,779       898,409  
                       
      Interest expense:                
      Deposits:                
      NOW and interest-bearing demand     43,401       35,613       133,522       80,809  
      Money market     56,874       46,884       160,883       105,430  
      Savings     672       868       2,065       2,108  
      Time     35,202       33,368       107,925       75,464  
      Deposits     136,149       116,733       404,395       263,811  
      Short-term borrowings     27       189       87       3,186  
      Federal Home Loan Bank advances                       5,761  
      Long-term debt     3,724       3,669       11,262       11,339  
      Total interest expense     139,900       120,591       415,744       284,097  
      Net interest revenue     209,186       202,556       617,035       614,312  
      Provision for credit losses     14,428       30,268       39,562       74,804  
      Net interest revenue after provision for credit losses     194,758       172,288       577,473       539,508  
                       
      Noninterest income:                
      Service charges and fees     10,488       10,315       30,372       28,791  
      Mortgage loan gains and other related fees     3,520       6,159       17,830       17,264  
      Wealth management fees     6,338       6,451       19,037       17,775  
      Net (losses) gains from sales of other loans     (25,700 )     2,688       (22,867 )     6,909  
      Lending and loan servicing fees     3,512       2,985       11,050       9,979  
      Securities losses, net                       (1,644 )
      Other     9,933       3,379       28,812       19,499  
      Total noninterest income     8,091       31,977       84,234       98,573  
      Total revenue     202,849       204,265       661,707       638,081  
                       
      Noninterest expenses:                
      Salaries and employee benefits     83,533       81,173       254,336       236,121  
      Communications and equipment     12,626       10,902       36,534       31,654  
      Occupancy     11,311       10,941       33,466       31,024  
      Advertising and public relations     2,041       2,251       6,401       6,914  
      Postage, printing and supplies     2,477       2,386       7,376       7,305  
      Professional fees     6,432       7,006       18,464       19,670  
      Lending and loan servicing expense     2,227       2,697       6,068       7,546  
      Outside services – electronic banking     4,433       2,561       10,163       8,646  
      FDIC assessments and other regulatory charges     5,003       4,314       17,036       12,457  
      Amortization of intangibles     3,528       4,171       11,209       11,120  
      Merger-related and other charges     2,176       9,168       6,420       21,444  
      Other     7,278       6,904       27,638       22,785  
      Total noninterest expenses     143,065       144,474       435,111       416,686  
      Income before income taxes     59,784       59,791       226,596       221,395  
      Income tax expense     12,437       11,925       50,003       47,941  
      Net income     47,347       47,866       176,593       173,454  
      Preferred stock dividends, net of discount on repurchases     1,573       832       4,719       4,270  
      Earnings allocated to participating securities     272       259       988       939  
      Net income available to common shareholders   $ 45,502     $ 46,775     $ 170,886     $ 168,245  
                       
      Net income per common share:                
      Basic   $ 0.38     $ 0.39     $ 1.43     $ 1.44  
      Diluted     0.38       0.39       1.43       1.44  
      Weighted average common shares outstanding:                
      Basic     119,818       119,506       119,736       116,925  
      Diluted     119,952       119,624       119,827       117,084  
      UNITED COMMUNITY BANKS, INC.
      Average Consolidated Balance Sheets and Net Interest Analysis
      For the Three Months Ended September 30,
            2024       2023  
      (dollars in thousands, fully taxable equivalent (FTE))   Average Balance   Interest   Average Rate   Average Balance   Interest   Average Rate
      Assets:                        
      Interest-earning assets:                        
      Loans, net of unearned income (FTE)(1)(2)   $ 18,051,741     $ 291,164       6.42 %   $ 18,055,402     $ 273,800       6.02 %
      Taxable securities(3)     6,182,164       51,284       3.32       5,933,708       43,007       2.90  
      Tax-exempt securities (FTE)(1)(3)     361,359       2,292       2.54       368,148       2,313       2.51  
      Federal funds sold and other interest-earning assets     505,792       5,440       4.28       538,039       5,093       3.76  
      Total interest-earning assets (FTE)     25,101,056       350,180       5.55       24,895,297       324,213       5.17  
                               
      Noninterest-earning assets:                        
      Allowance for credit losses     (215,008 )             (209,472 )        
      Cash and due from banks     206,995               225,831          
      Premises and equipment     399,262               367,217          
      Other assets(3)     1,615,468               1,568,824          
      Total assets   $ 27,107,773             $ 26,847,697          
                               
      Liabilities and Shareholders’ Equity:                        
      Interest-bearing liabilities:                        
      Interest-bearing deposits:                        
      NOW and interest-bearing demand   $ 5,797,845       43,401       2.98     $ 5,285,513       35,613       2.67  
      Money market     6,342,455       56,874       3.57       5,622,355       46,884       3.31  
      Savings     1,126,774       672       0.24       1,301,047       868       0.26  
      Time     3,465,980       34,560       3.97       3,473,191       31,072       3.55  
      Brokered time deposits     50,364       642       5.07       209,119       2,296       4.36  
      Total interest-bearing deposits     16,783,418       136,149       3.23       15,891,225       116,733       2.91  
      Federal funds purchased and other borrowings     1,899       27       5.66       44,164       189       1.70  
      Federal Home Loan Bank advances     11                                
      Long-term debt     323,544       3,724       4.58       324,770       3,669       4.48  
      Total borrowed funds     325,454       3,751       4.59       368,934       3,858       4.15  
      Total interest-bearing liabilities     17,108,872       139,900       3.25       16,260,159       120,591       2.94  
                               
      Noninterest-bearing liabilities:                        
      Noninterest-bearing deposits     6,239,926               6,916,272          
      Other liabilities     391,574               435,592          
      Total liabilities     23,740,372               23,612,023          
      Shareholders’ equity     3,367,401               3,235,674          
      Total liabilities and shareholders’ equity   $ 27,107,773             $ 26,847,697          
                               
      Net interest revenue (FTE)       $ 210,280             $ 203,622      
      Net interest-rate spread (FTE)             2.30 %             2.23 %
      Net interest margin (FTE)(4)             3.33 %             3.24 %

      (1) Interest revenue on tax-exempt securities and loans includes a taxable-equivalent adjustment to reflect comparable interest on taxable securities and loans. The FTE adjustment totaled $1.09 million and $1.07 million, respectively, for the three months ended September 30, 2024 and 2023. The tax rate used to calculate the adjustment was 25% in 2024 and 26% in 2023, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.
      (2) Included in the average balance of loans outstanding are loans on which the accrual of interest has been discontinued and loans that are held for sale.
      (3) Unrealized gains and losses on AFS securities, including those related to the transfer from AFS to HTM, have been reclassified to other assets. Pretax unrealized losses of $295 million in 2024 and $430 million in 2023 are included in other assets for purposes of this presentation.
      (4) Net interest margin is taxable equivalent net interest revenue divided by average interest-earning assets.

      UNITED COMMUNITY BANKS, INC.
      Average Consolidated Balance Sheets and Net Interest Analysis
      For the Nine Months Ended September 30,
            2024       2023  
      (dollars in thousands, fully taxable equivalent (FTE))   Average Balance   Interest   Average Rate   Average Balance   Interest   Average Rate
      Assets:                        
      Interest-earning assets:                        
      Loans, net of unearned income (FTE)(1)(2)   $ 18,187,790     $ 866,502       6.36 %   $ 17,377,210     $ 760,802       5.85 %
      Taxable securities(3)     5,988,368       144,363       3.21       5,982,615       120,212       2.68  
      Tax-exempt securities (FTE)(1)(3)     363,692       6,876       2.52       386,499       7,470       2.58  
      Federal funds sold and other interest-earning assets     559,786       18,256       4.36       490,703       13,103       3.57  
      Total interest-earning assets (FTE)     25,099,636       1,035,997       5.51       24,237,027       901,587       4.97  
                               
      Non-interest-earning assets:                        
      Allowance for loan losses     (214,372 )             (186,428 )        
      Cash and due from banks     210,982               249,411          
      Premises and equipment     392,561               347,514          
      Other assets(3)     1,613,118               1,518,503          
      Total assets   $ 27,101,925             $ 26,166,027          
                               
      Liabilities and Shareholders’ Equity:                        
      Interest-bearing liabilities:                        
      Interest-bearing deposits:                        
      NOW and interest-bearing demand   $ 5,913,566       133,522       3.02     $ 4,891,214       80,809       2.21  
      Money market     6,092,649       160,883       3.53       5,349,265       105,430       2.64  
      Savings     1,159,982       2,065       0.24       1,341,033       2,108       0.21  
      Time     3,535,343       106,199       4.01       2,936,873       65,856       3.00  
      Brokered time deposits     50,343       1,726       4.58       280,293       9,608       4.58  
      Total interest-bearing deposits     16,751,883       404,395       3.22       14,798,678       263,811       2.38  
      Federal funds purchased and other borrowings     2,001       87       5.81       98,884       3,186       4.31  
      Federal Home Loan Bank advances     5                   166,355       5,761       4.63  
      Long-term debt     324,414       11,262       4.64       324,737       11,339       4.67  
      Total borrowed funds     326,420       11,349       4.64       589,976       20,286       4.60  
      Total interest-bearing liabilities     17,078,303       415,744       3.25       15,388,654       284,097       2.47  
                               
      Noninterest-bearing liabilities:                        
      Noninterest-bearing deposits     6,306,919               7,226,096          
      Other liabilities     394,323               393,048          
      Total liabilities     23,779,545               23,007,798          
      Shareholders’ equity     3,322,380               3,158,229          
      Total liabilities and shareholders’ equity   $ 27,101,925             $ 26,166,027          
                               
      Net interest revenue (FTE)       $ 620,253             $ 617,490      
      Net interest-rate spread (FTE)             2.26 %             2.50 %
      Net interest margin (FTE)(4)             3.30 %             3.41 %
                               

      (1) Interest revenue on tax-exempt securities and loans includes a taxable-equivalent adjustment to reflect comparable interest on taxable securities and loans. The FTE adjustment totaled $3.22 million and $3.18 million, respectively, for the nine months ended September 30, 2024 and 2023. The tax rate used to calculate the adjustment was 25% in 2024 and 26% in 2023, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.
      (2) Included in the average balance of loans outstanding are loans on which the accrual of interest has been discontinued and loans that are held for sale.
      (3) Unrealized gains and losses on AFS securities, including those related to the transfer from AFS to HTM, have been reclassified to other assets. Pretax unrealized losses of $320 million in 2024 and $413 million in 2023 are included in other assets for purposes of this presentation.
      (4) Net interest margin is taxable equivalent net-interest revenue divided by average interest-earning assets.

      About United Community Banks, Inc.
      United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of September 30, 2024, United Community Banks, Inc. had $27.4 billion in assets, 202 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment lending subsidiary. In 2024, United Community became a 10-time winner of J.D. Power’s award for the best customer satisfaction among consumer banks in the Southeast region and was recognized as the most trusted bank in the Southeast. In 2023, United was named by American Banker as one of the “Best Banks to Work For” for the seventh consecutive year and was recognized in the Greenwich Excellence and Best Brands Awards, receiving 15 awards that included national honors for overall satisfaction in small business banking and middle market banking. Forbes has also consistently listed United Community as one of the World’s Best Banks and one of America’s Best Banks. Additional information about United can be found at ucbi.com.

      Non-GAAP Financial Measures
      This press release, including the accompanying financial statement tables, contains financial information determined by methods other than in accordance with generally accepted accounting principles, or GAAP. This financial information includes certain operating performance measures, which exclude merger-related and other charges that are not considered part of recurring operations, such as “noninterest income – operating”, “noninterest expense – operating”, “operating net income,” “pre-tax, pre-provision income,” “operating net income per diluted common share,” “operating earnings per share,” “tangible book value per common share,” “operating return on common equity,” “operating return on tangible common equity,” “operating return on assets,” “return on assets – pre-tax, pre-provision – operating,” “return on assets – pre-tax, pre-provision,” “operating efficiency ratio,” and “tangible common equity to tangible assets.” These non-GAAP measures are included because United believes they may provide useful supplemental information for evaluating United’s underlying performance trends. These measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP measures that may be presented by other companies. To the extent applicable, reconciliations of these non-GAAP measures to the most directly comparable measures as reported in accordance with GAAP are included with the accompanying financial statement tables.

      Caution About Forward-Looking Statements
      This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In general, forward-looking statements usually may be identified through use of words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential,” or the negative of these terms or other comparable terminology. Forward-looking statements are not historical facts and represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could cause or contribute to such differences include, but are not limited to general competitive, economic, political and market conditions. Further information regarding additional factors which could affect the forward-looking statements contained in this press release can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in United’s Annual Report on Form 10-K for the year ended December 31, 2023, and other documents subsequently filed by United with the United States Securities and Exchange Commission (“SEC”).

      Many of these factors are beyond United’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this communication, and United undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for United to predict their occurrence or how they will affect United.

      United qualifies all forward-looking statements by these cautionary statements.

      For more information:
      Jefferson Harralson
      Chief Financial Officer
      (864) 240-6208
      Jefferson_Harralson@ucbi.com

      The MIL Network

    21. MIL-OSI United Kingdom: Play your part in a greener, more resilient Plymouth

      Source: City of Plymouth

      From Monday 4 to Friday 8 November, in celebration of Green Careers Week, the Skills team at Plymouth City Council are inviting local people to take part in activities that will inspire them to get involved in developing the city’s green economy.

      Students, career changers, job seekers, or anyone simply interested in the transition to a more sustainable and green economy can sign up to attend free sessions that aim to inspire local people to contribute to a sustainable future, while also exploring the range of green careers available in Plymouth.

      Councillor Tom Briars-Delve, Cabinet Member for Environment and Climate Change, said: “Whether you’re interested in renewable energy, conservation, or sustainable construction, taking part in these Green Careers Week activities can help you to find out how your skills can play a part in a greener, more resilient Plymouth.

      “There’s a fantastic line-up of activities with organisations including MVV Plymouth, Fugro, Marine Biological Association, Plymouth Sound National Marine Park, Poole Farm, Secure Forests, the University of Plymouth, Plymouth City Bus and Southwest Highways, and it’s a great chance for people to find out more about the career opportunities that are out there.

      “Join us to discover how various sectors in our city are contributing to a sustainable future and explore the range of green careers available!”

      Click here to view the programme and for details on Green Careers Week with Skills Launchpad Plymouth.

      If you are interested in participating in Green Careers Week, please click here to sign up. You can also email skillslaunchpad@plymouth.gov.uk  

      ​​​

      MIL OSI United Kingdom

    22. MIL-OSI New Zealand: Mindful Money – Use your KiwiSaver for climate action

      Source: Mindful Money

      On International Day of Climate Action 2024, New Zealand charity Mindful Money is calling on Kiwis to drive climate action with their investments’. Most of us want to do our bit to help avoid climate chaos. A crucial – and easy – step that Kiwis can take is to reduce the emissions that result from their KiwiSaver and other investments.

      Mindful Money is highlighting three actions that Kiwis can take to reduce the emissions financed by their investments.

      Climate action 1: Avoid funding the fossil fools

      Everyone with a KiwiSaver fund has the power to ensure their money doesn’t fuel climate change. There is over a billion dollars of KiwiSaver funds invested in hard core climate polluters that are still increasing their emissions, instead of transitioning to renewable energy.

      Mindful Money Co-CEO Barry Coates explained: “This year’s Climate Action Day comes at a time when floods, fires, lethal heat and cyclones are devastating the lives of millions of vulnerable people, and wreaking havoc on our oceans, glaciers, forests and species. Kiwis can reduce their own contribution by choosing not to invest in the companies causing the most damage.”

      The highest emissions are from the major coal, oil and gas companies that have made billions of dollars in profits while denying the problem and delaying and obstructing climate policy. A mere 57 oil, gas, coal and cement producers are directly linked to 80% of the world’s global fossil CO2 emissions since the 2015 Paris climate agreement.

      The public companies, Shell, ExxonMobil, Chevron, BP and TotalEnergies were the five largest emitters between 2016 and 2022.

      New Zealanders still invest large amounts in these fossil fools. Analysis by Mindful Money across all 376 KiwiSaver funds shows that $3.75 billion was invested in fossil fuel companies at end March 2024. More than a third of that was invested in the companies that are still expanding their production, instead of transitioning to renewable energy.

      Investors in fossil fuel expanders are also taking financial risks from future declines in demand for fossil fuels and stranded assets – the reserves and production infrastructure that will become worthless as renewable energy replaces fossil fuels.

      Barry Coates commented: “Surveys show that 71% of Kiwis want to avoid fossil fuels companies in their investment funds. But most KiwiSaver funds invest in fossil fuels, including those the companies that are still expanding their production. Everyone with a KiwiSaver or some kind of investment can play their part in cutting off investment into the worst climate polluters.”

      ACTION (estimated 15 minutes): Members of the public can go to Mindful Money’s website to find out if their KiwiSaver fund is invested in these companies. It’s quick, easy and free to check your fund, and then find a fund that is better for the climate. https://mindfulmoney.nz/kiwisaver/checker/

      Climate action 2: Don’t fall for the greenwashing

      Over half of Kiwis surveyed are concerned about greenwashing – misleading claims that companies or funds are ‘climate friendly’ or ‘green’ or ‘sustainable’. There has been growing international pressure on companies and funds that make empty promises in order to boost their profits, but little action in New Zealand.

      The EU, UK and other governments are introducing rules on green claims by companies and funds to prevent greenwashing, and regulators are taking action. The Australian Securities and Investment Commission (ASIC) has taken 47 regulatory actions against greenwashing over the past 15 months. 

      There have been three court cases including a fine of $14 million for global fund manager, Vanguard. New Zealand’s Financial Markets Authority (FMA) has repeatedly warned they will take action against misleading claims but has yet to take action. Meanwhile KiwiSaver and investment funds are still claiming green credentials while investing in the fossil fools.

      Barry Coates commented: “It is not surprising the New Zealand public is concerned about greenwashing. Most funds in New Zealand claim to use some form of Environmental, Social and Governance (ESG) management in their investment. But these ESG claims are not consistent with investment portfolios that contain companies destroying the world’s climate and facing huge financial risks.”

      “The New Zealand government is still failing to tackle greenwashing by the providers of KiwiSaver and other funds whose claims are not backed up by their actual investments. Investors need to take action themselves to ensure that their investments are not adding fuel to the climate fire.”

      Without government action in New Zealand, the responsibility for avoiding greenwash falls on individual investors. It is now easy for members of the public to get free information about the reality of where their money goes. Mindful Money’s website not only shows the fossil fuel investments for all KiwiSaver and investment funds, but identifies those that are still expanding their production.

      ACTION: Those with KiwiSaver and investment funds should call on their fund providers to provide evidence of their ESG or sustainability claims, including specifics about the companies they invest in. Information provided by the fund providers can be checked out with the investment listing on Mindful Money. http://www.mindfulmoney.nz/kiwisaver/checker/  

      Climate Action 3: Add your voice for change

      International cooperation in the form of a Fossil Fuel Treaty is needed to stop the major fossil fuel companies from blocking progress towards investment in renewable energy. International treaties have been developed to phase out other forms of harmful products, including landmines and nuclear weapons. The  Fossil Fuel Non-Proliferation Treaty is being proposed to manage a global transition to a safe and affordable energy future for all.  It has been endorsed by 14 governments (not including New Zealand) and thousands of leaders from across civil society and local government, including Wellington City Council and Kāpiti Coast District Council.

      ACTION: Members of the public are encouraged to work with organisations, networks, faiths, academic institutions and Councils to support the treaty, and to sign the treaty themselves. https://fossilfueltreaty.org/

      Barry Coates concluded: “The Treaty is important to focus government attention on the fossil fuel industry. For the third year in a row, the next climate summit in December 2024 will be held in a country producing oil and gas (Azerbaijan). Fossil fuel lobbyists will again be given privileged access. The Fossil Fuel Treaty is a way to bring the issues of fossil fuel phaseout into the climate negotiations.”

      Notes:

      International Climate Day of Action is on Thursday 24th October. It is a time for citizens around the world to consider the actions they can take to help avoid the worsening climate crisis.

      Mindful Money’s Fund Checker enables members of the public to check the investments in their KiwiSaver and investment funds. It is quick, easy and free.
      https://mindfulmoney.nz/kiwisaver/checker/

      The research report ‘In Transition or in denial’ explains the categorisation of fossil fuel companies into those transitioning to renewable energy and those still expanding their oil and gas production. 

      https://mindfulmoney.nz/learn/fossil-fuel-investment-in-transition-or-in-denial/

      The Mindful Money Fund Finder helps members of the public to find a fund that aligns with their values. https://mindfulmoney.nz/kiwisaver/finder/

      The website provides a list of funds that do not invest in fossil fuel companieshttps://mindfulmoney.nz/invest-climate-action/fossil-free-funds/

      Research on capital expenditure by the major coal, oil and gas companies is published by the international research institute, InfluenceMap. 

      This week, a greenwashing action has been launched against the world’s largest fund manager, BlackRock. 
      The complaint to the French financial regulator shows the US investment giant’s so-called “sustainable” funds have poured over a billion dollars into fossil fuel expanders, including ExxonMobil, Shell, TotalEnergies, Chevron and BP. 

      International research shows the large passive funds that are claiming to invest sustainably are still investing in the oil and gas companies that are expanding their production. 70% of the 430 ‘sustainable’ passive funds analysed by international researcher Reclaim Finance were exposed to companies expanding their fossil fuels. These included big oil and gas developers (e.g. ExxonMobil, TotalEnergies, Shell) and big coal developers (e.g. Adani, Mitsubishi, Glencore). 
      Greenwash can take different forms. Some funds claim to be green by investing in the fossil fuel companies and then influencing them towards sustainability. 
      But the latest progress report from the umbrella engagement forum, Climate Action 100+, shows continued empty promises and little action. Only one of 37 major oil and gas companies subject to engagement is making adequate progress towards net zero. Seven years after Climate Action 100+ was formed, most of the coal, oil and gas companies are still expanding their oil and gas production instead of transitioning to renewable energy. 
      The only New Zealand case on greenwashing has been a civil case. Consumer NZ, the Environmental Law Initiative (ELI) and Lawyers for Climate Action New Zealand Inc (LCANZI) are seeking declarations from the High Court that Z Energy has breached the Fair Trading Act by misleading New Zealanders with its public messaging that it is“getting out of the petrol business” and it is “well on track to achieving [its] carbon reduction targets” when in fact its emissions have been increasing. 

      MIL OSI New Zealand News

    23. MIL-OSI Global: North Carolina is not really a red or blue state − and that makes political predictions much more difficult

      Source: The Conversation – USA – By Christopher A. Cooper, Professor of Political Science & Public Affairs, Western Carolina University

      Lt. Gov. Mark Robinson shares the stage with former U.S. President Donald Trump during a 2022 rally in Selma, N.C. Allison Joyce/Getty Images

      For all its prominence as a key battleground state, North Carolina hasn’t done much swinging in U.S. presidential elections.

      The last time a majority of North Carolinians voted for a Democratic candidate was 2008 for Barack Obama. The time before that was 1976 for Jimmy Carter. In the past 12 presidential elections, Republicans have won 10. Those Republicans include Donald Trump in 2016 and 2020.

      But as I demonstrate in my 2024 book, “Anatomy of a Purple State: A North Carolina Politics Primer,” simply looking at the outcome of presidential voting gives a skewed understanding of voting behavior in other elections across the state.

      Consider 2020 again. While it is true that Trump won North Carolina’s 15 electoral college votes – it now has 16, based on 2020 U.S Census Bureau data — his margin of victory was only about 74,000 votes out of some 5.4 million votes cast. It was the smallest margin of any state that Trump won.

      Part of the reason is the nearly even split among voters in the two major parties and the emergence of registered voters who claim they are unaffiliated.

      As of September 2024, North Carolina had 7.6 million registered voters. Of these, the largest group at 38% were registered as unaffiliated, followed by registered Democrats at 32% and registered Republicans at 30%.

      Despite being considered a red state, North Carolina’s congressional delegation is split evenly between Democrats and Republicans with seven each. In addition, four of the state’s 10 statewide, elected Council of State officeholders, including Gov. Roy Cooper, are Democrats.

      In no other Southern state does a single elected Democrat hold a similar statewide seat.

      Though both of North Carolina’s U.S. senators are Republicans and the GOP holds supermajorities in both houses of the state Legislature, North Carolina is not entirely red or blue. It is undeniably purple – and that gives rise to further uncertainty over how the state will vote in the 2024 presidential election.

      The Kamala Harris factor

      Before U.S. President Joe Biden dropped out of the race in July 2024, polls showed that he lagged behind Trump by 5 percentage points in North Carolina.

      As in many other battleground states, it appeared that Trump had a small but fairly durable lead over Biden.

      Vice President Kamala Harris campaigns in Greenville, N.C., on Oct. 13, 2024.
      Alex Wong/Getty Images

      But soon after Vice President Kamala Harris became the Democratic nominee, several national polls showed Harris had an immediate bump and closed the gap – in some polls actually taking a lead. Trump has since regained a slight lead – less than a percentage point – in one October 2024 poll.

      But Harris’ impact wasn’t just on national polls.

      For the first time in years, Democratic Party registration began to exceed Republican Party registration in the state.

      From July 20-26, 2,351 people registered as Democrats in North Carolina – a 44% increase compared with the previous week. During the same period, Republican and unaffiliated voter registrations were down 23% and 14%, respectively, from the previous week.

      The rise and fall of Mark Robinson

      In spring 2024, during the height of primary season, Trump stepped into the North Carolina gubernatorial race by endorsing Lt. Gov. Mark Robinson, a Black Republican with a history of derogatory comments about Muslims and members of the LGBTQ community.

      “This is a Martin Luther King on steroids,” Trump said of Robinson during a rally in Greensboro, North Carolina, on March 2, 2024.

      Given Trump’s two wins in the state, his endorsement was expected to help Robinson beat Democrat Josh Stein in one of the nation’s most competitive state elections.

      But Trump’s enthusiasm all but vanished after a series of negative stories about Robinson. They included a Sept. 19, 2024, CNN report alleging that Robinson frequented a porn web site called “Nude Africa” years ago where he described himself as a “Black Nazi.” Robinson also allegedly made a number of misogynistic and racist statements such as “slavery is not bad.”

      Robinson denied the allegations and called the CNN report “salacious tabloid lies.”

      Trump made another campaign stop in Wilmington on Sept. 21, 2024. Robinson, who had frequently appeared with Trump at previous North Carolina rallies, was not on the stage.

      Polling conducted after CNN’s bombshell report showed an election that had shifted from competitive to one where the Democrat Stein is favored by a large margin to become North Carolina’s governor.

      It is unclear whether Robinson’s apparent demise will affect the top of the ticket – or other state GOP candidates.

      Natural disasters

      Hurricane Helene hit western North Carolina on Sept. 28 and brought high winds, flooding, an estimated US$47 billion in property damages and 250 deaths.

      It also caused questions about access to voting in areas devastated by Helene and then, two weeks later, Hurricane Milton.

      A woman in North Carolina places an American flag near a mobile home that was destroyed in October 2024 by Hurricane Helene.
      Mario Tama/Getty Images

      Twenty-nine counties in North Carolina were affected by the storm, although 13 counties received the brunt of the damage. Analysis of data from the North Carolina Board of Elections reveals that Trump led Biden by about a 10 percentage-point margin among voters in those affected counties.

      Given this, lower turnout in this region might hurt Trump more than Harris. It’s little surprise then that the Trump campaign has called for expanding voting access in those areas.

      But there’s no way to know who will receive North Carolina’s 16 Electoral College votes. Such is the unpredictable politics of a purple state.

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

      ref. North Carolina is not really a red or blue state − and that makes political predictions much more difficult – https://theconversation.com/north-carolina-is-not-really-a-red-or-blue-state-and-that-makes-political-predictions-much-more-difficult-240844

      MIL OSI – Global Reports

    24. MIL-OSI: First Community Bankshares, Inc. Announces Third Quarter 2024 Results and Quarterly Cash Dividend

      Source: GlobeNewswire (MIL-OSI)

      BLUEFIELD, Va., Oct. 22, 2024 (GLOBE NEWSWIRE) — First Community Bankshares, Inc. (NASDAQ: FCBC) (http://www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended September 30, 2024. The Company reported net income of $13.03 million, or $0.71 per diluted common share, for the quarter ended September 30, 2024.  Net income for the nine months ended September 30, 2024, was $38.56 million or $2.09 per diluted common share.   

      The Company also declared a quarterly cash dividend to common shareholders of thirty-one cents, $0.31 per common share. The quarterly dividend is payable to common shareholders of record on November 8, 2024, and is expected to be paid on or about November 22, 2024. This marks the 39th consecutive year of regular dividends to common shareholders.

      The Company is working with borrowers and customers in North Carolina, Tennessee, Virginia, and southern West Virginia affected by the devastating floods, power outages, and water shortages from Hurricane Helene.  This includes payment relief for affected borrowers.  We will continue to monitor the situation over the coming weeks as it relates to asset quality.

      Third Quarter 2024 Highlights

      Income Statement

      • Net income of $13.03 million for the third quarter of 2024, was a decrease of $1.61 million, or 10.98%, from the same quarter of 2023.  Net income of $38.56 million for the first nine months of 2024, was an increase of $2.33 million, or 6.42%, from the same period of 2023.  
      • Net interest income decreased $1.75 million compared to the same quarter in 2023, primarily due to increases in rates paid on interest-bearing deposits.    
      • Net interest margin of 4.41% was a decrease of 10 basis points over the same quarter of 2023.  The yield on earning assets increased 26 basis points from the same period of 2023 and is attributable to an increase in interest income resulting from an increase in yield.  While there was an increase in yield for both loans and securities available for sale; the average balances decreased.  The average balance for interest-bearing deposits with banks increased $219.59 million over the same period of 2023; however, there was no change in the yield from the same period of 2023.  The yield on interest-bearing liabilities increased 58 basis points when compared with the same period of 2023 and is primarily attributable to increased rates on interest-bearing deposit liabilities.  
      • Noninterest income increased approximately $830 thousand, or 8.63%, when compared to the same quarter of 2023.  Noninterest income for the third quarter of 2024 included a gain of $825 thousand from the sale of  two closed branch properties; noninterest income for the same period of 2023 included a gain of $204 thousand for the sale of a closed branch property.  Noninterest expense increased $1.26 million, or 5.52%.    
      • Annualized return on average assets (“ROA”) was 1.60% for the third quarter and 1.60% for the first nine months of 2024 compared to 1.74% and 1.49% for the same periods, respectively, of 2023. Annualized return on average common equity (“ROE”) was 10.04% for the third quarter and 10.08% for the first nine months of 2024 compared to 11.63% and 10.25% for the same periods, respectively, of 2023.  Annualized return on average tangible common equity (“ROTCE”) was 14.46% for the third quarter and 14.61% for the first nine months of 2024 compared to 17.11% and 14.94% for the same periods, respectively, of 2023.

      Balance Sheet and Asset Quality

      • Consolidated assets totaled $3.22 billion at September 30, 2024.  
      • Loans decreased $128.19 million, or 4.98%, from December 31, 2023.  Securities available for sale decreased $114.29 million, or 40.68%, from December 31, 2023.  Deposits decreased $63.07 million, or 2.32%.  The net effect of these balance sheet changes resulted in an increase in cash and cash equivalents of $198.92 million, or 170.86%.    
      • The Company repurchased 12,854 common shares during the third quarter of 2024 at a total cost of $469 thousand.  The Company repurchased 257,294 common shares during the first nine months of 2024 at a total cost of $8.72 million.  
      • Non-performing loans to total loans increased to 0.82% when compared with the same quarter of 2023.  The Company experienced net charge-offs for the third quarter of 2024 of $1.13 million, or 0.18% of annualized average loans, compared to net charge-offs of $1.46 million, or 0.22%, of annualized average loans for the same period in 2023.
      • The allowance for credit losses to total loans was 1.44% at September 30, 2024, compared to 1.41% at December 31, 2023, and 1.39% for September 30, 2023.
      • Book value per share at September 30, 2024, was $ 28.47, an increase of $1.27 from year-end 2023.

      Non-GAAP Financial Measures

      In addition to financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company uses certain non-GAAP financial measures that provide useful information for financial and operational decision making, evaluating trends, and comparing financial results to other financial institutions. The non-GAAP financial measures presented in this news release include “tangible book value per common share,” “return on average tangible common equity,” “adjusted earnings,” “adjusted diluted earnings per share,” “adjusted return on average assets,” “adjusted return on average common equity,” “adjusted return on average tangible common equity,” and certain financial measures presented on a fully taxable equivalent (“FTE”) basis. FTE basis is calculated using the federal statutory income tax rate of 21%.  Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as a reconciliation to that comparable GAAP financial measure can be found in the attached tables to this press release.  While the Company believes certain non-GAAP financial measures enhance the understanding of its business and performance, they are supplemental and not a substitute for, or more important than, financial measures prepared in accordance with GAAP and may not be comparable to those reported by other financial institutions.

      About First Community Bankshares, Inc.

      First Community Bankshares, Inc., a financial holding company headquartered in Bluefield, Virginia, provides banking products and services through its wholly owned subsidiary First Community Bank. First Community Bank operated 53 branch banking locations in Virginia, West Virginia, North Carolina, and Tennessee as of September 30, 2024. First Community Bank offers wealth management and investment advice and services through its Trust Division and through its wholly owned subsidiary, First Community Wealth Management, which collectively managed and administered $1.64 billion in combined assets as of September 30, 2024. The Company reported consolidated assets of $3.22 billion as of September 30, 2024. The Company’s common stock is listed on the NASDAQ Global Select Market under the trading symbol, “FCBC”. Additional investor information is available on the Company’s website at http://www.firstcommunitybank.com.

      This news release may include forward-looking statements. These forward-looking statements are based on current expectations that involve risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may differ materially. These risks include: changes in business or other market conditions; the timely development, production and acceptance of new products and services; the challenge of managing asset/liability levels; the management of credit risk and interest rate risk; the difficulty of keeping expense growth at modest levels while increasing revenues; changes in banking laws and regulations; the degree of competition by traditional and non-traditional competitors; the impact of natural disasters, extreme weather events, military conflict , terrorism or other geopolitical events; and other risks detailed from time to time in the Companys Securities and Exchange Commission reports including, but not limited to, the Annual Report on Form 10-K for the most recent fiscal year end. Pursuant to the Private Securities Litigation Reform Act of 1995, the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

       
      CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
      (Amounts in thousands, except share and per share data)                                                        
        Three Months Ended     Nine Months Ended  
        September 30,     June 30,     March 31,     December 31,     September 30,     September 30,  
        2024     2024     2024     2023     2023     2024     2023  
      Interest income                                                        
      Interest and fees on loans   $ 32,120     $ 32,696     $ 33,418     $ 33,676     $ 33,496     $ 98,234     $ 93,051  
      Interest on securities     1,070       1,211       1,698       1,888       1,912       3,979       6,068  
      Interest on deposits in banks     3,702       2,882       913       438       697       7,497       2,044  
      Total interest income     36,892       36,789       36,029       36,002       36,105       109,710       101,163  
      Interest expense                                                        
      Interest on deposits     5,298       4,877       4,365       3,935       2,758       14,540       5,406  
      Interest on borrowings                 35       4             35       136  
      Total interest expense     5,298       4,877       4,400       3,939       2,758       14,575       5,542  
      Net interest income     31,594       31,912       31,629       32,063       33,347       95,135       95,621  
      Provision for credit losses     1,360       144       1,011       1,029       1,109       2,515       6,956  
      Net interest income after provision     30,234       31,768       30,618       31,034       32,238       92,620       88,665  
      Noninterest income     10,452       9,342       9,259       10,462       9,622       29,053       26,990  
      Noninterest expense     24,177       24,897       23,386       26,780       22,913       72,460       68,397  
      Income before income taxes     16,509       16,213       16,491       14,716       18,947       49,213       47,258  
      Income tax expense     3,476       3,527       3,646       2,932       4,307       10,649       11,022  
      Net income   $ 13,033     $ 12,686     $ 12,845     $ 11,784     $ 14,640     $ 38,564     $ 36,236  
                                                               
                                                               
      Earnings per common share                                                        
      Basic   $ 0.71     $ 0.69     $ 0.70     $ 0.64     $ 0.78     $ 2.10     $ 2.03  
      Diluted   $ 0.71     $ 0.71     $ 0.71     $ 0.66     $ 0.79     $ 2.09     $ 2.06  
      Cash dividends per common share                                                        
      Regular     0.31       0.29       0.29       0.29       0.29       0.89       0.87  
      Weighted average shares outstanding                                                        
      Basic     18,279,612       18,343,958       18,476,128       18,530,114       18,786,032       18,366,249       17,816,505  
      Diluted     18,371,907       18,409,876       18,545,910       18,575,226       18,831,836       18,432,023       17,857,494  
      Performance ratios                                                        
      Return on average assets     1.60 %     1.58 %     1.60 %     1.43 %     1.74 %     1.60 %     1.49 %
      Return on average common equity     10.04 %     10.02 %     10.18 %     9.39 %     11.63 %     10.08 %     10.25 %
      Return on average tangible common equity(1)     14.46 %     14.54 %     14.82 %     13.82 %     17.11 %     14.61 %     14.94 %
      ____________
      (1) A non-GAAP financial measure defined as net income divided by average stockholders’ equity less average goodwill and other intangible assets.
       
      CONDENSED CONSOLIDATED QUARTERLY NONINTEREST INCOME AND EXPENSE  (Unaudited)
       
      (Amounts in thousands)   Three Months Ended     Nine Months Ended  
        September 30,     June 30,     March 31,     December 31,     September 30,     September 30,  
        2024     2024     2024     2023     2023     2024     2023  
      Noninterest income                                                        
      Wealth management   $ 1,071     $ 1,064     $ 1,099     $ 1,052     $ 1,145     $ 3,234     $ 3,127  
      Service charges on deposits     3,661       3,428       3,310       3,637       3,729       10,399       10,359  
      Other service charges and fees     3,697       3,670       3,450       3,541       3,564       10,817       10,106  
      (Loss) gain on sale of securities                                         (21 )
      Other operating income     2,023       1,180       1,400       2,232       1,184       4,603       3,419  
      Total noninterest income   $ 10,452     $ 9,342     $ 9,259     $ 10,462     $ 9,622     $ 29,053     $ 26,990  
      Noninterest expense                                                        
      Salaries and employee benefits   $ 13,129     $ 12,491     $ 12,581     $ 12,933     $ 12,673     $ 38,201     $ 36,954  
      Occupancy expense     1,270       1,309       1,378       1,252       1,271       3,957       3,715  
      Furniture and equipment expense     1,574       1,687       1,545       1,489       1,480       4,806       4,389  
      Service fees     2,461       2,427       2,449       2,255       2,350       7,337       6,653  
      Advertising and public relations     967       933       796       843       968       2,696       2,457  
      Professional fees     221       330       372       787       172       923       780  
      Amortization of intangibles     536       530       530       536       536       1,596       1,195  
      FDIC premiums and assessments     365       364       369       376       392       1,098       1,135  
      Merger expense                                         2,393  
      Litigation expense           1,800             3,000             1,800        
      Other operating expense     3,654       3,026       3,366       3,309       3,071       10,046       8,726  
      Total noninterest expense   $ 24,177     $ 24,897     $ 23,386     $ 26,780     $ 22,913     $ 72,460     $ 68,397  
       
      RECONCILIATION OF GAAP NET INCOME TO NON-GAAP ADJUSTED EARNINGS (Unaudited)
       
      (Amounts in thousands, except per share data)   Three Months Ended     Nine Months Ended  
        September 30,     June 30,     March 31,     December 31,     September 30,     September 30,  
        2024     2024     2024     2023     2023     2024     2023  
      Adjusted Net Income for diluted earnings per share   $ 13,033     $ 12,686     $ 12,845     $ 12,314     $ 14,855     $ 38,564     $ 36,828  
      Non-GAAP adjustments:                                                        
      Loss (gain) on sale of securities                                         21  
      Merger expense                                         2,393  
      Day 2 provision for allowance for credit losses – Surrey                                         1,614  
      Litigation expense           1,800             3,000             1,800        
      Other items(1)     (825 )                       (204 )     (825 )      
      Total adjustments     (825 )     1,800             3,000       (204 )     975       4,028  
      Tax effect     (198 )     432             720       (49 )     234       532  
      Adjusted earnings, non-GAAP   $ 12,406     $ 14,054     $ 12,845     $ 14,594     $ 14,700     $ 39,305     $ 40,324  
                                                               
      Adjusted diluted earnings per common share, non-GAAP   $ 0.68     $ 0.76     $ 0.69     $ 0.79     $ 0.78     $ 2.13     $ 2.26  
      Performance ratios, non-GAAP                                                        
      Adjusted return on average assets     1.53 %     1.75 %     1.60 %     1.77 %     1.75 %     1.63 %     1.66 %
      Adjusted return on average common equity     9.56 %     11.10 %     10.18 %     11.63 %     11.68 %     10.27 %     11.40 %
      Adjusted return on average tangible common equity (2)     13.77 %     16.11 %     14.82 %     17.11 %     17.18 %     14.89 %     16.62 %
      ____________
      (1) Includes other non-recurring income and expense items.
      (2) A non-GAAP financial measure defined as adjusted earnings divided by average stockholders’ equity less average goodwill and other intangible assets.
       
      AVERAGE BALANCE SHEETS AND NET INTEREST INCOME ANALYSIS (Unaudited)
       
          Three Months Ended September 30,  
          2024     2023  
          Average             Average
      Yield/
          Average             Average
      Yield/
       
      (Amounts in thousands)   Balance     Interest(1)     Rate(1)     Balance     Interest(1)     Rate(1)  
      Assets                                                
      Earning assets                                                
      Loans(2)(3)   $ 2,455,807     $ 32,201       5.22 %   $ 2,604,885     $ 33,566       5.11 %
      Securities available for sale     133,654       1,099       3.27 %     284,659       1,952       2.72 %
      Interest-bearing deposits     270,440       3,701       5.44 %     50,855       697       5.44 %
      Total earning assets     2,859,901       37,001       5.15 %     2,940,399       36,215       4.89 %
      Other assets     371,358                       393,001                  
      Total assets   $ 3,231,259                     $ 3,333,400                  
                                                       
      Liabilities and stockholders’ equity                                                
      Interest-bearing deposits                                                
      Demand deposits   $ 656,780     $ 234       0.14 %   $ 699,066     $ 165       0.09 %
      Savings deposits     886,766       3,735       1.68 %     862,121       1,941       0.89 %
      Time deposits     245,020       1,329       2.16 %     263,940       652       0.98 %
      Total interest-bearing deposits     1,788,566       5,298       1.18 %     1,825,127       2,758       0.60 %
      Borrowings                                                
      Retail repurchase agreements     1,054             0.05 %     1,254             N/M  
      Total borrowings     1,054             0.05 %     1,254             N/M  
      Total interest-bearing liabilities     1,789,620       5,298       1.18 %     1,826,381       2,758       0.60 %
      Noninterest-bearing demand deposits     877,472                       964,093                  
      Other liabilities     47,892                       43,574                  
      Total liabilities     2,714,984                       2,834,048                  
      Stockholders’ equity     516,275                       499,352                  
      Total liabilities and stockholders’ equity   $ 3,231,259                     $ 3,333,400                  
      Net interest income, FTE(1)           $ 31,703                     $ 33,457          
      Net interest rate spread                     3.97 %                     4.29 %
      Net interest margin, FTE(1)                     4.41 %                     4.51 %
      ____________
      (1) Interest income and average yield/rate are presented on a FTE, non-GAAP, basis using the federal statutory income tax rate of 21%.
      (2) Nonaccrual loans are included in the average balance; however, no related interest income is recorded during the period of nonaccrual.
      (3) Interest on loans includes non-cash and accelerated purchase accounting accretion of $592 thousand and $874 thousand for the three months ended September 30, 2024 and 2023, respectively.
       
      AVERAGE BALANCE SHEETS AND NET INTEREST INCOME ANALYSIS (Unaudited)
       
          Nine Months Ended September 30,  
          2024     2023  
          Average             Average
      Yield/
          Average             Average
      Yield/
       
      (Amounts in thousands)   Balance     Interest(1)     Rate(1)     Balance     Interest(1)     Rate(1)  
      Assets                                                
      Earning assets                                                
      Loans(2)(3)   $ 2,501,209     $ 98,479       5.26 %   $ 2,523,814     $ 93,261       4.94 %
      Securities available for sale     172,331       4,073       3.16 %     306,435       6,191       2.70 %
      Interest-bearing deposits     182,773       7,499       5.48 %     51,759       2,047       5.29 %
      Total earning assets     2,856,313       110,051       5.15 %     2,882,008       101,499       4.71 %
      Other assets     372,663                       366,243                  
      Total assets   $ 3,228,976                     $ 3,248,251                  
                                                       
      Liabilities and stockholders’ equity                                                
      Interest-bearing deposits                                                
      Demand deposits   $ 662,433     $ 570       0.11 %   $ 682,820     $ 225       0.04 %
      Savings deposits     875,797       10,730       1.64 %     850,411       3,731       0.59 %
      Time deposits     247,088       3,240       1.75 %     272,435       1,450       0.71 %
      Total interest-bearing deposits     1,785,318       14,540       1.09 %     1,805,666       5,406       0.40 %
      Borrowings                                                
      Federal funds purchased     839       35       5.52 %     3,532       135       5.11 %
      Retail repurchase agreements     1,061             0.05 %     1,674       1       0.06 %
      Total borrowings     1,900       35       2.46 %     5,206       136       3.49 %
      Total interest-bearing liabilities     1,787,218       14,575       1.09 %     1,810,872       5,542       0.41 %
      Noninterest-bearing demand deposits     883,013                       924,591                  
      Other liabilities     47,772                       40,014                  
      Total liabilities     2,718,003                       2,775,477                  
      Stockholders’ equity     510,973                       472,774                  
      Total liabilities and stockholders’ equity   $ 3,228,976                     $ 3,248,251                  
      Net interest income, FTE(1)           $ 95,476                     $ 95,957          
      Net interest rate spread                     4.06 %                     4.30 %
      Net interest margin, FTE(1)                     4.46 %                     4.45 %
      ____________
      (1) Interest income and average yield/rate are presented on a FTE, non-GAAP, basis using the federal statutory income tax rate of 21%.
      (2) Nonaccrual loans are included in the average balance; however, no related interest income is recorded during the period of nonaccrual.
      (3) Interest on loans includes non-cash and accelerated purchase accounting accretion of $2.04 million and $1.95 million for the nine months ended September 30, 2024 and 2023, respectively.
       
      CONDENSED CONSOLIDATED QUARTERLY BALANCE SHEETS (Unaudited)
       
          September 30,     June 30,     March 31,     December 31,     September 30,  
      (Amounts in thousands, except per share data)   2024     2024     2024     2023     2023  
      Assets                                        
      Cash and cash equivalents   $ 315,338     $ 329,877     $ 248,905     $ 116,420     $ 113,397  
      Debt securities available for sale, at fair value     166,669       129,686       166,247       280,961       275,332  
      Loans held for investment, net of unearned income     2,444,113       2,473,268       2,519,833       2,572,298       2,593,472  
      Allowance for credit losses     (35,118 )     (34,885 )     (35,461 )     (36,189 )     (36,031 )
      Loans held for investment, net     2,408,995       2,438,383       2,484,372       2,536,109       2,557,441  
      Premises and equipment, net     49,654       50,528       51,333       50,680       51,205  
      Other real estate owned     346       100       374       192       243  
      Interest receivable     9,883       9,984       10,719       10,881       10,428  
      Goodwill     143,946       143,946       143,946       143,946       143,946  
      Other intangible assets     13,550       14,085       14,615       15,145       15,681  
      Other assets     115,980       116,230       115,470       114,211       116,552  
      Total assets   $ 3,224,361     $ 3,232,819     $ 3,235,981     $ 3,268,545     $ 3,284,225  
                                               
      Liabilities                                        
      Deposits                                        
      Noninterest-bearing   $ 869,723     $ 889,462     $ 902,396     $ 931,920     $ 944,301  
      Interest-bearing     1,789,530       1,787,810       1,779,819       1,790,405       1,801,835  
      Total deposits     2,659,253       2,677,272       2,682,215       2,722,325       2,746,136  
      Securities sold under agreements to repurchase     954       894       1,006       1,119       1,029  
      Interest, taxes, and other liabilities     43,460       45,769       45,816       41,807       41,393  
      Total liabilities     2,703,667       2,723,935       2,729,037       2,765,251       2,788,558  
                                               
      Stockholders’ equity                                        
      Common stock     18,291       18,270       18,413       18,502       18,671  
      Additional paid-in capital     168,691       168,272       173,041       175,841       180,951  
      Retained earnings     342,121       334,756       327,389       319,902       313,489  
      Accumulated other comprehensive loss     (8,409 )     (12,414 )     (11,899 )     (10,951 )     (17,444 )
      Total stockholders’ equity     520,694       508,884       506,944       503,294       495,667  
      Total liabilities and stockholders’ equity   $ 3,224,361     $ 3,232,819     $ 3,235,981     $ 3,268,545     $ 3,284,225  
                                               
      Shares outstanding at period-end     18,290,938       18,270,273       18,413,088       18,502,396       18,671,470  
      Book value per common share   $ 28.47     $ 27.85     $ 27.53     $ 27.20     $ 26.55  
      Tangible book value per common share(1)     19.86       19.20       18.92       18.60       18.00  
      ____________
      (1) A non-GAAP financial measure defined as stockholders’ equity less goodwill and other intangible assets, divided by shares outstanding.
       
      SELECTED CREDIT QUALITY INFORMATION (Unaudited)
       
          September 30,     June 30,     March 31,     December 31,     September 30,  
      (Amounts in thousands)   2024     2024     2024     2023     2023  
      Allowance for Credit Losses                                        
      Balance at beginning of period:                                        
      Allowance for credit losses – loans   $ 34,885     $ 35,461     $ 36,189     $ 36,031     $ 36,177  
      Allowance for credit losses – loan commitments     441       746       746       758       964  
      Total allowance for credit losses beginning of period     35,326       36,207       36,935       36,789       37,141  
      Adjustments to beginning balance:                                        
      Allowance for credit losses – loans – Surrey acquisition for purchased credit deteriorated loans                              
      Allowance for credit losses – loan commitments                              
      Net Adjustments                              
      Provision for credit losses:                                        
      Provision for credit losses – loans     1,360       449       1,011       1,041       1,315  
      (Recovery of) provision for credit losses – loan commitments           (305 )           (12 )     (206 )
      Total provision for credit losses – loans and loan commitments     1,360       144       1,011       1,029       1,109  
      Charge-offs     (1,799 )     (1,599 )     (2,448 )     (2,105 )     (2,157 )
      Recoveries     672       574       709       1,222       696  
      Net (charge-offs) recoveries     (1,127 )     (1,025 )     (1,739 )     (883 )     (1,461 )
      Balance at end of period:                                        
      Allowance for credit losses – loans     35,118       34,885       35,461       36,189       36,031  
      Allowance for credit losses – loan commitments     441       441       746       746       758  
      Ending balance   $ 35,559     $ 35,326     $ 36,207     $ 36,935     $ 36,789  
                                               
      Nonperforming Assets                                        
      Nonaccrual loans   $ 19,754     $ 19,815     $ 19,617     $ 19,356     $ 18,366  
      Accruing loans past due 90 days or more     176       19       30       104       59  
      Modified loans past due 90 days or more                              
      Total nonperforming loans     19,930       19,834       19,647       19,460       18,425  
      OREO     346       100       374       192       243  
      Total nonperforming assets   $ 20,276     $ 19,934     $ 20,021     $ 19,652     $ 18,668  
                                               
                                               
      Additional Information                                        
      Total modified loans   $ 2,320     $ 2,290     $ 2,177     $ 1,873     $ 1,674  
                                               
      Asset Quality Ratios                                        
      Nonperforming loans to total loans     0.82 %     0.80 %     0.78 %     0.76 %     0.71 %
      Nonperforming assets to total assets     0.63 %     0.62 %     0.62 %     0.60 %     0.57 %
      Allowance for credit losses to nonperforming loans     176.21 %     175.88 %     180.49 %     185.97 %     195.55 %
      Allowance for credit losses to total loans     1.44 %     1.41 %     1.41 %     1.41 %     1.39 %
      Annualized net charge-offs (recoveries) to average loans     0.18 %     0.16 %     0.27 %     0.14 %     0.22 %
      FOR MORE INFORMATION, CONTACT:
      David D. Brown
      (276) 326-9000

      The MIL Network

    25. MIL-OSI Asia-Pac: Brainstorming Session and First Meeting of Nodal Officers for the Mission on Science & Technology for Sustainable Livelihood System

      Source: Government of India

      Posted On: 22 OCT 2024 6:29PM by PIB Delhi

      The Office of the Principal Scientific Adviser (PSA) convened the Brainstorming Session and First Meeting of Nodal Officers for the Mission on Science & Technology for Sustainable Livelihood System today (October 22nd, 2024) at Vigyan Bhawan Annexe in New Delhi.

      The meeting was chaired by Dr. (Mrs.) Parvinder Maini, Scientific Secretary, O/o PSA and was joined by key government officials, identified as nodal officers from various ministries/departments including Department of Science & Technology, Ministry of Rural Development, Ministry of Social Justice and Empowerment, Indian Council of Agricultural Research, Department of Agriculture & Farmers Welfare, Ministry of Micro, Small and Medium Enterprises, Council of Scientific and Industrial Research, Department of Biotechnology, Ministry of Earth Sciences, Ministry of Electronics and Information Technology, Ministry of Environment, Forest and Climate Change and Ministry of Health and Family Welfare.

      This mission aims to leverage scientific advancements and technological innovations to enhance livelihoods and promote sustainable development across communities. The mission, to be implemented by DST, was recommended during the 22nd Prime Minister’s Science, Technology & Innovation Advisory Council (PM-STIAC) meeting held on January 19, 2023, to strengthen the technology delivery mechanism for improving quality of life.

      In her opening remarks, Dr. Maini highlighted the need for collaboration across sectors, bringing convergence of existing programs to create scalable and inclusive livelihood models for ensuring last mile connectivity of the STI interventions in the mission. The key objective of today’s meeting included defining the roles and responsibilities of each ministry/department in the different components of the program and formulating a strategy for selecting pilot sites for implementation.

      Presentation was made by Dr. Sangeeta Agarwal, Scientist-F, O/o PSA highlighting the objectives of the mission, importance of definite roles of each participating ministry/department for successful implementation of the program and also presented the strategy for the selection of sites for pilot initiation of the mission. This was followed by presentation by Dr. Anita Aggarwal, DST on the SEED Division programs and IIT Delhi on Unnat Bharat Abhiyan.

      After the presentations, the Chair invited interventions from the nodal officers of each ministry/department. Each ministry/department clearly brought out the efforts being made by them in implementing their flagship schemes at the district and village levels. They shared insights on how these schemes may converge and contribute to the national mission.

      The session concluded with all the nodal officers agreeing to provide inputs regarding ongoing schemes/programs and their geographical spread. These inputs shall aid in identification and selection of sites for pilot scale implementation of the mission.

      *****

      MJPS/ST

      (Release ID: 2067109) Visitor Counter : 38

      MIL OSI Asia Pacific News

    26. MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah inaugurates several farmer welfare activities worth ₹300 crore during the Diamond Jubilee celebrations of the National Dairy Development Board (NDDB) and the birth anniversary of Shri Tribhuvan Patel in Anand, Gujarat

      Source: Government of India (2)

      Union Home Minister and Minister of Cooperation Shri Amit Shah inaugurates several farmer welfare activities worth ₹300 crore during the Diamond Jubilee celebrations of the National Dairy Development Board (NDDB) and the birth anniversary of Shri Tribhuvan Patel in Anand, Gujarat

      Under the leadership of Prime Minister Shri Narendra Modi, the SoP for White Revolution 2.0 has been issued, now, one lakh new and existing dairies will be empowered, and milk routes will be expanded

      Tribhuvan Das ji set aside his personal interests and worked for the empowerment of poor farmers

      Tribhuvan Das ji created a small cooperative which is today doing business worth thousands of crores of rupees by connecting 2 crore farmers with the cooperative sector

      Over the past 60 years, NDDB has empowered and organized farmers, as well as mothers and sisters, contributing significantly to their upliftment and development

      Branding cooperative products and preparing them to compete with corporate products is key to success

      NDDB has accelerated rural development while making agriculture self-reliant

      Animal husbandry by cooperatives leads to prosperity of farmers along with strengthening fight against malnutrition

      NDDB has started vegetable processing, which will allow vegetables produced by farmers to reach markets worldwide, ensuring the profits go directly to the farmers

      Prime Minister Modi’s visionary scheme of Gobardhan Yojana is not only enhancing soil conservation and improving crop quality, but also contributing to a cleaner environment

      Posted On: 22 OCT 2024 5:03PM by PIB Delhi

      Union Home Minister and Minister of Cooperation Shri Amit Shah, today inaugurated several farmer welfare schemes worth ₹300 crore during the National Dairy Development Board’s (NDDB) diamond jubilee celebration along with the commemoration of birth anniversary of Shri Tribhuvandas Patel in Anand, Gujarat. On this occasion, several dignitaries were present, including the Union Minister for Panchayati Raj, Fisheries, Animal Husbandry & Dairying, Shri Rajiv Ranjan Singh.

      In his address, Shri Amit Shah said that under the leadership of Prime Minister Shri Narendra Modi, the Standard Operating Procedures (SoP) for the recently launched White Revolution 2.0 have been released, incorporating all the key farmer-friendly points outlined by the Prime Minister. He mentioned that Cooperative Sector will empower one lakh new and existing dairies, and the second white revolution will expand milk routes.

      Shri Shah said that Tribhuvandas ji was a personality whose hardworking life is difficult to describe. Setting aside his personal interests, Shri Tribhuwandas Patel worked with a unique vision for the empowerment of the country’s poor farmers. He worked for the empowerment of the poor farmers of the country by renouncing self. Throughout his life, Tribhuvandas ji distanced himself from personal gain and dedicated his efforts to connecting every farmer in the country with the true spirit of cooperation, achieving great success in this endeavor. Shri Shah said that it is because of Tribhuvan Das Ji that 5 crore cattle rearers of the country sleep peacefully and today crores of farmers of the country, especially women, are prospering. Tribhuvan Das Ji created a small cooperative society which today is doing business worth thousands of crores of rupees by connecting 2 crore farmers of the country with the cooperative sector.

      Union Home Minister and Minister of Cooperation said that in 1964, former Prime Minister Shri. Lal Bahadur Shastri visited Amul Dairy and decided that not only Gujarat but livestock owners across the entire country should benefit from this successful model. Following this, Shastri ji decided to establish the NDDB. He said that in 60 years, NDDB has not only empowered and organised cooperative sector, farmers and mothers and sisters across the country, but has also worked to raise their awareness about their rights. He said that when animal husbandry is done through cooperatives, it not only brings prosperity to farmers but also addresses the issue of malnourished children in the country.  The trust built through Amul has not only empowered women but also laid the foundation for creating strong citizens by providing nutrition to children.

      Shri Amit Shah said that NDDB accelerated the development of the rural sector and the country as well as made agriculture self-reliant. He said Tribhuvan ji had laid the foundation of NDDB which has today become a very big institution not only in the country but in the world. He said that in 1987, NDDB became an official institution, and from 1970 to 1996, it developed and implemented the Operation Flood program, which led to the White Revolution. He noted Amul is conducting annual business worth ₹60,000 crore today which was initially built on the very small shared capital from women. Shri Shah said that in 1964, when Lal Bahadur Shastri ji decided to establish NDDB, no one knew that it will grow akin to a small seed growing one day into a massive banyan tree. NDDB’s liquid milk sales have reached 427 lakh liters per day, with procurement at 589 lakh liters per day. Its revenue has increased from ₹344 crore to ₹426 crore, and the net profit stands at ₹50 crore.

      Union Home Minister and Minister of Cooperation said that NDDB has started processing vegetables, allowing the vegetables produced by our farmers to reach the entire world, and the profits will be distributed down to the grassroots under the cooperative model. He said that the Gobardhan scheme has led to the conservation and enhancement of our land, increased yields, improved farmer prosperity, and a cleaner environment. Gas and fertilizer are being produced from cow dung, and carbon credit payments are reaching our mothers and sisters. Shri Shah stated that Prime Minister Shri Narendra Modi has implemented the Gobardhan scheme on the ground through visionary decision-making. He also mentioned that NDDB has registered 10,000 Farmer Producer Organizations (FPOs).

      Shri Amit Shah mentioned that after NDDB’s initiative, all plants in the dairy sector will now be built in India under the Make in India program. He mentioned that today the foundation stone was laid for a Mother Dairy fruit and vegetable processing unit worth ₹210 crore. Additionally, the Badri Ghee from Uttarakhand and the Gir Ghee brand from Mother Dairy were also launched today. He said that branding the cooperative’s products and preparing them to compete in the market with corporate goods is key to success. Today, our Amul brand holds the top position globally, which is a significant achievement for us. He also mentioned that farmers of apricots from Ladakh, apples from Himachal, and pineapples from Meghalaya will benefit from the initiatives launched today.

      Union Home Minister and Minister of Cooperation said that the Ministry of Cooperation has established three new national-level cooperative institutions. Such new initiatives can only be taken when the leadership is genuinely concerned about the farmers. He said that Prime Minister Shri Narendra Modi has implemented several initiatives and schemes in the cooperative sector. Currently, there are approximately 22 state federations and 231 district federations, along with 28 marketing dairies and 21 milk-producing companies operating in the sector.

      Shri Amit Shah said that the Modi government is going to establish 2 lakh new Primary Agricultural Credit Societies (PACS), which will significantly strengthen our cooperative framework. He said that this initiative will enhance the strength of all entities in the cooperative sector. He highlighted that India has surpassed the United States of America with a milk production of 231 million tons, securing the top position in the world. Our milk production growth rate is 6%, while the global growth rate is only 2%. Today, eight crore rural families produce milk daily, but only one and a half crore are connected to the cooperative sector. He emphasized that this means the remaining 6.5 crore families are not receiving fair prices and are being exploited. Union Minister of Cooperation asserted that the government’s goal will be to ensure that in the future, all eight crore farming families involved in milk production receive full compensation for their hard work and are able to connect with the cooperative sector.

      Union Home Minister and Minister of Cooperation said that as a result of the campaign to empower cooperatives, the availability of milk in the country which was 40 kilograms per person in 1970, increased to 103 kilograms in 2011, and further rose to 167 kilograms per person in 2023. He noted that the average global milk availability per person is 117 kilograms.

       

      *****

      RK/VV/ASH/PS

      (Release ID: 2067059) Visitor Counter : 23

      Read this release in: Hindi

      MIL OSI Asia Pacific News

    27. MIL-OSI USA: A Deluge for Roswell  

      Source: NASA

      Fall and summer tend to be the rainiest seasons in New Mexico, but the deluge that fell on parts of the state in late October 2024 stands out for its intensity.
      According to the Albuquerque office of the National Weather Service, the Roswell airport received 5.78 inches (147 millimeters) of rain on October 19, an all-time daily record. That’s more than four times the average October rainfall for the region and half of its average annual rainfall. Other areas surrounding Roswell received as much as 9 inches (229 millimeters) in a matter of hours, according to the National Weather Service.
      Much of the flooding in Roswell spilled from the Spring River, which runs through the city. By the time clouds had cleared enough for NASA’s Terra satellite to capture this image (right) on October 21, much of that water had receded. However, floodwaters were still visible along the Pecos River, to the east of Roswell. Terra acquired the other image (left) on October 14, before the extreme rainfall. Both images were captured by the MODIS (Moderate Resolution Imaging Spectroradiometer) sensor.
      The false-color images were composed from a combination of infrared and visible light (MODIS bands 7-2-1), to make it easier to distinguish the water. Floodwater appears dark blue; saturated soil is light blue; vegetation is bright green; and bare ground is brown.
      The unusual amount of rain was produced by an upper-level cut-off low that stalled over Arizona and funneled large amounts of moisture to New Mexico from the Gulf of Mexico, according to meteorologist Jeff Berardelli. The flash floods that ensued caused widespread damage to the town of 48,000 people. Floodwaters inundated roads, swept away and submerged cars, and damaged bridges and buildings. Authorities rescued 290 people, according to a statement from the New Mexico National Guard.
      National Weather Service forecasts indicate that storms could bring another round of flash flooding to Roswell in the coming days. Flood monitoring resources and tools powered by NASA satellite data include the Flood Dashboard from the NASA Disasters Program, the Global Flood Monitoring System from the University of Maryland, a data pathfinder from the Earth Science Data Systems Program, and flooding monitoring and modeling training from the Applied Remote Sensing Training Program.
      NASA Earth Observatory images by Wanmei Liang, using MODIS data from NASA EOSDIS LANCE and GIBS/Worldview. Story by Adam Voiland.

      MIL OSI USA News

    28. MIL-OSI New Zealand: Government reduces Forestry ETS annual charge by 50 per cent

      Source: New Zealand Government

      The Government has today started consultation on a 50 per cent reduction to the annual charge for forest owners participating in the Forestry Emissions Trading Scheme (ETS) Registry, Forestry Minister Todd McClay announced.

      “Following an independent review released last week we are proposing to lower the per-hectare annual charge to $14.90. 

      “This is a 50 per cent reduction from Labour’s excessive charge announced just before the election of $30.25 per hectare per year.

      “It’s now clear that the previous Labour government made a number of decisions that drove up the cost of this Registry and they expected the forestry sector to pay for their mistakes. Cabinet has agreed that the sector should not bear the brunt of Labour’s previous decisions,” Mr McClay says.

      “The Ministry for Primary Industries has worked hard to find efficiencies and drive down costs over the last 10 months.  We’ve also been focused on improving service delivery to ensure the Registry meets the expectations of forestry users. As a result the annual charge has reduced significantly. 

      “Last week, we announced the formation of a Forestry Sector Reference Group to further improve outcomes for the ETS Registry and find greater cost savings over the next year. This is an opportunity for the forestry sector and government to partner to drive better outcomes for forestry.”

      The new annual charge would begin in the 2024/25 financial year and stay in place until a full review is conducted after the current emissions reporting period.

      “This proposal is part of the Government’s promise to rebuild confidence in the forestry sector and support its role in achieving New Zealand’s exporting and emissions targets.”

      Consultation on the new annual charge starts today (23 October 2024) and runs for three weeks. It covers the reduced annual charge and adjustments to the Climate Change (Forestry) Regulations 2022 for participants using the field measurement approach during the 2023–25 period.

      Following consultation, Cabinet will move quickly to finalise the regulations, giving participants clarity and certainty on charges. 

      MIL OSI New Zealand News