Oil Majors Are Shifting Billions Into Renewables

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg News:The world’s biggest oil companies are closing more clean energy deals as pressure to diversify their businesses mounts and growth accelerates among green technologies.Oil majors more than doubled the number of acquisitions, project investments and venture capital stakes, to 44 in 2016 from 21 the year before, according to research published Tuesday by Bloomberg New Energy Finance. In the last 15 years, they’ve completed 428 transactions and spent $6.2 billion building stakes in clean energy companies.“This reflects their underpinning strategy to test out new ideas and businesses,” said Richard Chatterton, one of the London-based analysts that authored the report. “The international oil companies are identifying opportunities and building expertise, and when a commercial opportunity becomes clear, they will invest at scale.”To be sure, the sums expended on clean energy still represent a fraction of the money invested in crude every year, showing that the oil majors are still very much focused on their core business. Royal Dutch Shell Plc, for example, budgeted $25 billion this year for capital expenditures.Some of the investments by oil majors in projects and startups isn’t disclosed, according to BNEF, which estimates that the clean energy industry attracted almost $290 billion in 2016.Solar energy generated the largest number of projects backed by oil companies. Wind created the second-highest volume of deals, with offshore wind investments beginning to catch up with windmills stationed on land. Oil companies have been looking to leverage their know-how in extracting fossil fuels from seabeds to install turbines in similarly harsh climates.Wind projects offshore also tend to be some of the largest-scale and riskiest in the renewable energy industry, leading to higher profitability. Shell has a stake in the Borssele III and IV wind projects in the Dutch North Sea and Statoil ASA developed the world’s first floating wind farm off the coast of northern Scotland.More: Big Oil Is Investing Billions to Gain a Foothold in Clean Energy Oil Majors Are Shifting Billions Into Renewableslast_img read more

Mountain Mama: I Need to Escape Winter. Any International Travel Tips?

first_imgDear Mountain Mama, I’m over winter. One day the temperatures plunge to below zero and the next day is gray and rainy. I want to escape somewhere sunny and 70 degrees. A lot of my friends are headed to the southern hemisphere for some warmer outdoor play. I’d like to plan a trip of my own, but I’ve never traveled abroad. Any international travel tips?Yours,Dreaming of Warmer Weather——————————————————————Dear Dreaming of Warmer Weather,The shorter days and colder temperatures can take the wind out of your sails. Booking a plane ticket to somewhere warm can break up the winter into manageable chunks of time. For a lifetime of memories, follow these three tips:1. Research as much as possible before leaving. Daydream about destinations and try to find a place that offers your favorite outdoor recreational opportunities. If you’re a climber, pack your rope and fly to Thailand, where you can climb in the morning, snorkel in the afternoon, and eat delicious foods in the evening. If kayaking floats your boat, check out heli-kayaking in New Zealand. A helicopter will pick up you and your boat at the take-out and shuttle you into remote wilderness.Find out if your preferred destination requires a visa in addition to a passport. Apply for your travel documents well in advance to prevent a last minute border-crossing crisis.The internet also makes easy work of determining what outdoor gear you need to bring. Traveling with a kayak can be expensive and a pain to transport. If you’re going to a paddling destination that rents boats, consider reserving your favorite model. Check to see what, if any, supplies are impossible to buy once you arrive, and prioritize those items on your packing list.2. Once you board the plane, let go of any expectations. The more rigid travelers are about checking off their to-do list, the less open they are to whatever experiences arise. Don’t force anything, and let the journey unfold.For example, one of my good friends traveled to Australia, hoping to learn how to scuba dive. The strong winds made underwater visibility poor. Instead of diving in lackluster conditions, she found a captain who needed an extra hand and spent three weeks sailing for free – the perfect use of all that wind.3.  Accept food that locals offer you. Leave your self-imposed dietary restrictions at home. Saying no to a homemade meal because you are following a gluten-free, paleo, vegetarian, or low calorie diet is considered rude in many countries. Food is an invitation to connect with people on a basic and universal level. Breaking bread together symbolizes good-will.Safe Travels!Mountain Mamalast_img read more

6 lending strategies that make a powerful member impact

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » The U.S. economic expansion hit a record-breaking 10 years and one month at the end of June 2019, and consumer sentiment hit a 15-year high in May.For credit unions, the lending machine is going strong. Loan balances in the first quarter increased $77.6 billion year-over-year. Loan growth, however, slowed from 9.7% in the first quarter of 2018 to 7.9% in the same three months this year.Total auto loans increased 7.8% annually to reach $370.3 billion as of March 31. With year-over-year growth of 11.2%, indirect lending played a significant role in the auto loan portfolio. Those loans closed the first quarter at $225.4 billion and comprised 60.9% of total auto loans versus 59.0% one year ago.Despite such growth, the economics of indirect lending have changed. Whereas, historically, financial institutions set auto rates off the 2-Year Treasury, that hasn’t been the case in recent years, especially at credit unions, says Travis Goodman, advisory services principal at ALM First, a financial services provider for banks and credit unions.last_img read more

Broome County to turn Christmas trees into compost for community use

first_img“If theres any kind of chemicals or paint on your trees we can’t take those because it will contaminate the compost and obviously we can’t take your fake trees just your regular run of the mill pine trees,” said Brewer. That compost will then be made available to the community just in time for the spring growing season. From there the county will take those dead trees and break them down, turning them into compost. “The compost will be available to all residents in the Spring,” Brewer said. “It’s meant for just residential purposes and you can come pick it up any time in the spring,” said Brewer. “There’s two drop offs for the county,” said Jessica Brewer, Materials Recovery Manager for Broome County. “You can come to the landfill directly and we have a roll off bin or you can take it to Grippen Park” Brewer said. Brewer also says to make sure your tree hasn’t been treated with chemicals, and is real, before dropping it off. ENDICOTT (WBNG) — The Broome County Division of Solid Waste Management is happy to take your Christmas Tree off your hands. Brewer says the county asks that you remove all decorations before dropping the tree off. The county will be accepting trees until the end of Januarylast_img read more

More journalists assaulted by police during Job Creation Law protests: AJI

first_imgRead also: One journalist beaten, another missing after covering protestsPeter Rotti of Suara.com was also allegedly beaten by the police after he recorded a video of officers allegedly attacking a protester near a bus stop. Meanwhile, merahputih.com journalist Ponco Sulaksono has reportedly gone missing after covering the demonstration near the National Monument (Monas) late on Thursday evening.Several student press journalists were also reportedly apprehended by the police and taken to the Jakarta Police headquarters.AJI Jakarta reported on Friday evening that the police had released all journalists arrested during the protests.Seluruh jurnalis dan anggota pers mahasiswa yang ditahan oleh polisi sudah dibebaskan malam ini. Terima kasih @lbhpersjakarta yang telah membantu prosesnya. #TolakOmnibusLaw— AJI Jakarta (@AJI_JAKARTA) October 9, 2020 “We urge the National Police to investigate police violence against journalists while covering the protests. Meanwhile, editors-in-chief should also protect their journalists,” said Asnil.In Palu, Central Sulawesi, three journalists were also reportedly assaulted by the police while covering a protest against the new law on Jl. Sam Ratulangi on Thursday. They were Alsih Marselina and Adhy Rifaldi of sultengnews.com as well as kailipost.com’s Windy.“We told the police that we were journalists. We even showed our identity cards to them, but they hit us,” said Alsih.They have reported the incidents to the police’s internal affairs division (Propam).Read also: Rallies against job creation law turn violent as police clash with protestersNational Police spokesperson Insp. Gen. Argo Yuwono said the violent actions against journalists during the protests had occurred because of the chaotic and unpredictable nature of the situations.“We know that we’re supposed to protect journalists. However, when the situation turns into chaos, police officers have to protect themselves,” Argo said on Friday, as quoted by kompas.com.He asserted that the force was committed to investigating the incidents and urged journalists to show their identification and identify themselves to police officers prior covering the protests.Topics : “Although most journalists were wearing attributes to separate themselves from the protesters, they were still targeted by the police,” AJI Jakarta chairman Asnil Bambani said in a statement on Friday.Among the seven journalists was CNNIndonesia.com’s Tohirin, who said he was hit in the head and beaten by a police officer while reporting on the arrests of several protesters in Harmoni, Central Jakarta.According to Tohirin, the officer had asked whether he recorded the arrest on his cellphone, to which Tohirin answered he had not. The officer, however, did not believe him and confiscated the cellphone. When they found a picture of another officer putting a protester in a chokehold, the officers smashed the phone on the ground.“I was interrogated and yelled at. They also hit my head, but luckily, I was wearing a helmet at the time,” Tohirin said, adding that he had shown his press identity card and uniform to the officers.center_img Civil groups have reported that more journalists were reportedly assaulted by law enforcement officers while covering protests against the highly controversial Job Creation Law on Thursday.The Alliance of Independent Journalists (AJI) reported on Friday at least seven journalists were attacked by police officers while covering the protests in Jakarta. The number, however, could increase as the organization has yet to look at every report.last_img read more

Leafs, Rebels pull off blockbuster KIJHL deal

first_img“It was a very difficult decision to give up Dallon but (Castlegar) wanted some leadership back and with Dallon’s experience in the league Castlegar wanted him badly,” Maida explained.“You really have to take a look at making sure a deal is going to work from a hockey point of view both on an off the ice,” Maida added. “To get two quality players like Wellman and Vlanich we had to give up fair value in return.”In Vlanich Nelson gets the Rebels second leading scorer both in the regular season and playoffs.Vlanich, from Trail and also sought out by the Beaver Valley Nitehawks, finished the season with a combined 28 goals in 48 games.Wellman, a native of Calgary, was Castlegar’s third leading scorer during the Rebels KIJHL run to the Cyclone Taylor Cup, finishing with 21 points after coming to the Sunflower City following a late season deal.Who knows if Leonard fits into the Cyclone Taylor season for the Leafs?The Kamloops backstop is pondering his future and may not play his final season, instead focusing on an electrical trade.The deals come less than three weeks before Nelson takes to the ice for training camp beginning August 30 at the NDCC Arena.Maida was still rustling the KIJHL bushes in an effort to bolster the roster even more before the Leafs begin a season that finishes with the Green and White hosting the Cyclone Taylor Cup, April 10-13 at the NDCC Arena.“We’re still negotiating with some teams,” he confessed. The BC Hockey roster deadline is more than six months away but already Leaf head coach Frank Maida has made more deals than Drew Carey on The Price is Right.Maida sent forwards Dallon Stoddart and James Sorrey along with D-man Seth Schmidt to Castlegar in exchange for sniper Jamie Vlanich and forward Travis Wellman.The Kootenay International Hockey League Murdoch Division deal comes on the heels of the Leafs acquiring the rights to netminder James Leonard from the Golden Rockets in exchange for future considerations.“Getting two experienced players (Wellman and Vlanich) who have been to the Cyclone Taylor (tournament) . . . two players I believe who can provide leadership being 20-year-olds, gives us a much deeper roster,” Maida told The Nelson Daily.Maida said the deal came together after he heard the Wellman and Vlanich requested a trade.However, the Nelson GM realized to get quality Nelson had to give up quality in the likes of Sorrey, Schmidt and Stoddart — the latter a Nelson Minor Hockey grad.last_img read more

Timely scoring lifts Co-op to Leos’ Men’s Open Soccer Crown

first_imgRatko Ivanovich was solid between the pipes to register the shutout.Co-op took advantage of its chances, beating Mike Precious twice in the contest.The loss was the second time in two seasons Co-op knocked off the Innkeepers.Kootenay Co-op defeated Innkeepers during the 2012 semi final before losing to Old Dogs FC in the final.Co-op advanced to the final by dumping Old Dogs FC 6-0 while Innkeepers defeated Nelson U17 Selects. Kootenay Co-op needed to wait a year before celebrating.Co-op, fresh from a disappointing 1-0 loss in the 2012 final, scored in each half en route to a 2-0 win over Innkeepers in the final of the Leo’s Men’s Open Soccer League Saturday at Lakeside Pitch.Liam Burton and Rob Mastroddi each scored singles as Co-op knocked off the regular season champs to capture the 2013 title.last_img read more

Floods Hit Ag Businesses Hard

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Todd NeeleyDTN Staff ReporterOMAHA (DTN) — While historic floodwaters that ravaged northeast and north-central Nebraska and parts of Iowa are receding, agricultural operations continue to struggle to return to normal.Ethanol plants and feedlots, in particular, continue to have trouble shipping ethanol and sourcing feedstocks, as many rail lines across the region continue to be down and highways in shambles.Tom Feller, president and CEO of Feller and Company Cattle Feeder that operates along the Elkhorn River in Wisner, Nebraska, said his feedlots are battling higher transportation costs as they work to repair a key roadway into their property.“Our bridge road south of Wisner is out,” he said. “South of Wisner is home to about 70,000 cattle. We have cattle on both sides of the Elkhorn River, which causes us added expense of $500 per day to go 22 miles around through Pilger with feed.“All our employees’ drive time is greater also. We do have a back road out of our feedlot, so we are bringing corn, hay, etc. in a back driveway. We are hauling the dirt into the bridge approaches from the feedlot, so hopefully this week we can get bridge open and back to normal,” he said.Mike Drinnin, owner and manager of Drinnin Feedlots Inc. in Columbus and Drinnin West Cattle Company in Palmer, said damaged highways into Columbus continue to cause problems for his operation.“To ship cattle from our Palmer yard to Cargill (Schuyler, Nebraska) adds at least $250 per load to delivery costs,” he said.“Byproduct that we normally source out of ADM (Archer Daniels Midland) Columbus has to come out of Aurora, (Nebraska), and with the extra miles to get to Columbus, adds at least $15 per ton to the cost delivered. Rail lines need to be fixed west of Columbus, and Highway 30 from west into Columbus needs to have extensive repair.”The Nebraska Department of Transportation and the railroad have been “working day and night to get things moving,” Drinnin said.J.P. Rhea, feedyard manager for Rhea Cattle Company in Arlington, said with the ADM Columbus and other ethanol plants down in the area, his operation has had difficulty sourcing distillers grain.ADM LOSSESADM has taken a major financial hit in the first quarter as a result of flood-related damage.ADM said in a news statement on Monday it has sustained tens of millions of dollars in losses.“We continue to assess the situation and utilize our transportation and operating network as much as possible to meet customer needs,” ADM said. “Taken together, we expect these severe-weather disruptions to have a negative pre-tax operating profit impact to ADM of $50 million to $60 million for the first quarter.“In March, powerful snow and rain storms early in the month and resulting flooding and its aftereffects are affecting both carbohydrates solutions and origination operations. Rail transportation has been disrupted throughout the region; our corn processing complex in Columbus, Nebraska, was idled due to flooding and currently is running at reduced rates; and unfavorable river conditions since December are severely limiting barge transportation movements and port activities.”PLANTS REMAIN DISRUPTEDAccording to the Nebraska Ethanol Board, infrastructure damage continues to significantly affect ethanol plants’ operations.Five plants are dealing with major rail disruptions, the NEB said. If the plants aren’t able to ship their products out, they are forced to shut down.“Some plants are supplementing by trucking, but it’s much more expensive and you can’t move near as much product as a railroad, or as fast to maintain full production capacity,” said Sarah Caswell, NEB executive director.Four ethanol plants continue to run at reduced capacity as a result of power outages and lack of rail access. In addition, two plants are in scheduled maintenance this week and one is beginning maintenance next week. One additional plant is considering starting early maintenance because of disruption to rail service.Troy Bredenkamp, executive director of Renewable Fuels Nebraska, told DTN following Nebraska Gov. Pete Ricketts’ agriculture flood roundtable in Lincoln on Monday that it may be another two to three weeks before rail service is repaired.About 20% of the nation’s ethanol production has been affected by the flooding, he said.“So they’re trying to look at something maybe more mid- to long-term that could help them to get over this hump to get that product out,” Bredenkamp said.“Obviously, your only other alternative is truck, and you guys know the situation with the highway system. It’s a double whammy for them in terms of being able to move ethanol product out. Where that really becomes a problem is, obviously, you don’t want to idle a plant if you don’t have to, but also, if we’re not making ethanol, we’re not making distillers grains.”DISTILLER GRAIN DIFFICULTIESNebraska ethanol plants are having more acute issues in being able to meet distillers grain contract needs for feedlots.“So we’ve actually had some plants that are out of the disaster area who have been converting their dry mill, or their dry finished product, to a more-modified wet distillers just so they can make it available to the local market, and hopefully it will alleviate some of this production that’s not taking place right now because of the floods,” he said.The ADM ethanol plant that sits along a main line in Columbus has seen its rail loop flooded.Bredenkamp said railcars that had water above the axels will need the axels replaced.“So now you’re talking about literally thousands of axel systems that will have to be replaced for those train cars to be able to go back into production,” he said.“It’s kind of insult to injury. A lot of those cars are privately owned by the ethanol plants, so there’s a lot of moving parts to be able to get this thing back up and running.”Repairs to rail lines are ongoing, he said, but railroad companies are having to do things as “efficiently as possible” as well with fewer employees.“I think there’s been a decrease in personnel over time, it’s real hard to bring that personnel back in a time like this when you need as many people who know how to reset a rail as possible, and they’re just not around anymore,” Bredenkamp said.“And you’ve had catastrophic conditions along the Platte River; there’s nothing holding up that rail except the two ends, and it’s a very sad situation. And until we can get that back, it’s going to be hard for us to get back to 100% power on the ethanol side. Especially at a time when ethanol is actually starting to turn a corner and get a little better price wise. It probably couldn’t have hit at a worse time for Nebraska’s ethanol plant situation.”IOWA CONDITIONSMonte Shaw, executive director of the Iowa Renewable Fuels Association, said biofuel producers in Iowa have been virtually unscathed.“We have not done a comprehensive survey,” he said, “but last word we had was that no plants in Iowa flooded. Several had to reduce run rates to align with [their] ability to source corn, which was degraded by flooded roads for farmers or flooded farmer grain storage, and to align with slower rail car return times.”The Sioux City Journal in Iowa on Monday reported eight northwest Iowa animal feeding operators have reported flood-related manure discharges since March 1.Todd Neeley can be reached at [email protected] him on Twitter @toddneeleyDTN(ES/AG)© Copyright 2019 DTN/The Progressive Farmer. All rights reserved.last_img read more

The Last Word On Cold Calling Versus Social Media

first_img Get the Free eBook! Want to master cold calling? Download my free eBook! Many would have you believe that cold calling is dead, but the successful have no fear of the phone; they use it to outproduce their competitors. Download Now I believe in social selling. I believe that the tool kit that is social media has made the world much smaller, has given us an easier way to learn about our clients, and has provided a much easier way to both connect and nurture relationships.I have won major accounts with relationships that were begun on social media, including LinkedIn, Twitter, and this blog. Social media and inbound marketing are helpful and sometimes effective tools.But it is criminal negligence to suggest to salespeople that they no longer need to make cold calls (or pick up the telephone).It’s easy to recommend that salespeople not pick up the phone when you don’t carry a bag. It’s easy to tell salespeople not to make cold calls when you don’t have a quota. It’s easy to tell salespople that the old ways of selling have died when your business model allows you to acquire clients more easily through social media and your blog.If what you sell is designed to help salespeople better use social, it’s easy to sell the idea that they will no longer have to make their calls. But it is criminal negligence. You’re hurting people.Would you take your own advice if you were that salesperson or their manager. Would you abandon the phone if your family was counting on you to support them? Would you stick with social media alone if you didn’t have a blog–or were forbidden to keep one? If you were a sales manager, would you stake your job on a prospecting plan that included social selling and inbound alone when opportunity creation is one of the biggest challenges any sales organization faces?If the only way you can sell something is by convincing people that they can have the results they need without having to do what is necessary, you aren’t helping people. You’re selling snake oil. An honest approach would be to tell salespeople the truth, namely that they need to be able to use all prospecting methods available, including social selling. Not to use social media to prospect would also be criminal negligence.last_img read more