Analysis: Renewable investments have walloped oil and gas over the past five years

first_imgAnalysis: Renewable investments have walloped oil and gas over the past five years FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Renewable energy stocks have punched well above their weight over the past five years, an analysis by S&P Global Market Intelligence found, with the biggest players tripling in value in that period as oil and gas production company stocks held steady.An equally weighted basket of the 20 largest publicly traded stocks of North American companies that make and sell renewable power — geothermal, wind and solar energy sellers — gained 201% over the past five years as of Aug. 31. Meanwhile, the equally weighted value of the 73 firms in S&P’s Oil & Gas Exploration and Production Index—energy providers—gained 2% over the same period.Of the 20 renewable stocks, with a total market value of $34 billion, 65% gained in value over the five years, while only 30% of the 73 S&P oil and gas index companies, a group totaling $1.36 trillion in market cap, were in positive territory after five years. The broader benchmark S&P 500 index grew 40% over the five years.A 35% slide in the price of crude oil has not helped the E&P stocks, which are historically closely tied to the commodity, while renewable stocks have tracked more closely with the tech sector, said Deanna Zhang, an energy tech and renewables analyst for the energy investment bank Tudor Pickering Holt & Co.Raymond James & Associates Inc. oil and gas analyst Pavel Molchanov agreed that the market rewards high-growth stocks and renewables. Largely based on new and improving technologies, renewable energy companies are benefiting from the same trend that has exploded the value of such high-tech issues as Amazon.com Inc. and Facebook Inc.“It is not surprising that renewable stocks have outperformed the E&P index over the past five years,” said Vishal Shah, a partner with Hudson Sustainable Investments LLC, a $3 billion private equity fund. “[A] combination of positive industry fundamentals and favorable global policy support have resulted in this outperformance for renewables. Corporate renewables and storage plus renewables, along with the strong growth of distributed generation, are the main drivers for strong fundamentals in the renewables sector for power generation,” Shah said.More ($): Renewable premium: Wind, solar stocks soar as oil prices constrain drillerslast_img read more

Fridays on the Fly: ‘Stream Protection Rule’ Struck Down in Congress

first_imgIt seems like every time you turn around these days up pops a new challenge to public lands and environmental standards.The latest legislative threat hit home hard for people in Southern Appalachia yesterday, when the Senate voted 54–45 to strike down the ‘Stream Protection Rule’ using a complicated “regulation killing tool” known as the Congressional Review Act.The Stream Protection Rule was enacted in December of 2015 by former Secretary of the Interior Sally Jewell. It’s primary purpose was to update the decades old environmental regulations placed on coal companies.The new standards would have protected some 6,000 miles of streams and 52,000 acres of forest by preventing these companies from dumping harmful, chemical-laden debris into nearby waterways and filling stream beds with the sedimentary byproducts of mountain top removal mining.This is something the Appalachian coal industry has done in the past with wanton disregard for the environmental implications. In fact, North Carolina-based non-profit Appalachian Voices estimates that the mountain top removal methods employed by Southern Appalachian coal companies are responsible for the  destruction of some 2,000 miles of mountain stream channels.Once a stream or river is damaged in this manner, there’s no bringing it back.A reconstructed “stream” below a surface mine in Central Appalachia.“As you think about the impacts of this, we urge you to think about the impacts of mine pollution that TU members, staff, and partners have been working hard to clean up,” wrote Trout Unlimited in an open letter to Congress, just before the resolution striking down the Stream Protection Rule passed. “In the East, pollution from abandoned coal mines continues to damage thousands of miles of streams and rivers — over 10,000 miles just within Pennsylvania and West Virginia.  We know firsthand how hard it is to clean up the mess.  It is far better to avoid a mess in the first place.  That is the singular purpose of the Stream Protection Rule.”According to TU, the Stream Protection Rule took nearly a decade to craft, and was the first meaningful update to surface mining regulations since the Regan Administration.The withdrawal of this rule has far reaching implications for anyone who enjoys recreating on the streams and rivers of Southern and Central Appalachia, fly fishing or otherwise, but the truly dire consequences will be felt by those who live in the vicinity of these poorly regulated mining operations.Members of these nearby communities are the ones who will pay for the consequences with their own health and well-being.One such person is former coal miner and West Virginia resident Chuck Nelson.Chuck worked in underground coal mines for thirty years. When a coal processing plant was constructed near his home in Sylvester, West Virginia, he and his family began to feel first-hand the effects that a lack of regulation on coal industry standards can have on nearby communities.“We started eating a lot of coal dust,” Nelson told NPR’s planet money. “I’d go to work and come home at night and there would be a half an inch of coal dust on everything in the house.”In an effort to do something about the direct health threat being posed to him and his family, Nelson started traveling to Washington, D.C. on a regular basis. Once there, he’d tell his story to lawmakers and express his grievances about the lack of oversight in Appalachian coal production.He became heavily involved with organizations like Appalachian Voices who were working to overhaul coal industry standards and introduce some accountability and meaningful reform.The most important avenue of reform for Chuck and his family was the newly defeated Stream Protection Rule.“All this work we’ve done for years…all that work that’s going to be wiped away with a stroke of a pen,” Nelson lamented in his Planet Money Interview.Indeed, the stroke of a pen, Donald Trump‘s pen, is now the only thing that stands between the Stream Protection Rule actually being implemented or being wiped from the books altogether. I’m not holding out a lot of hope.Related:last_img read more

Valley Stream Man Sentenced for Fatal DWI Crash

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Valley Stream man was sentenced Monday to 12 years in prison without parole for causing the crash that killed a 46-year-old man in the victim’s hometown of Franklin Square last year.Nassau County Judge Angelo Delligatti also sentenced Brian Daly to five years of post-release supervision.Daly had pleaded guilty in March to second-degree manslaughter, depraved indifference assault, criminal possession of a controlled substance and driving while intoxicated.Prosecutors said the 26-year-old man blew a red light at 70 mph in a 30-mph zone while drunk and high on cocaine when he broadsided a minivan driven by Christopher DeCrescito at the corner of Franklin and Corona avenues on Feb. 27, 2013.Daly, who had more than a half ounce of cocaine at that time, was arrested immediately after the crash.The victim left behind a wife and three children ages 12, 9 and 8.last_img read more

A small lesson from a large project

first_imgA trait of my elementary school teaching years, I often find that children’s literature captures lessons still applicable in adulthood. It’s strange, as adults, we spend hours digesting complex situations, analyzing and cross-referencing data, studying focus groups, research and the like; and still often times the solutions can be a simple as the lessons inspired by grade-school stories and nursery rhymes.Within our organization, I spent months purposing, convincing, and training our teams to care about member experience.  Creating compelling cases to better understand member’s needs – not just on a transactional level – but to truly understand how it feels to be a member. Within this I had my own visions – creating process efficiencies, enhancing workflows, telling stories to our leaders with data.  What I did not anticipate was that when I asked our teams to capture the feelings of our members—they would do just that.As our team members were empowered to engage with our members differently, the member’s stories were given a voice, and our CRM became the vehicle calling these stories to life. Transforming beyond just a call center or branch, our front lines felt empowered to use our CRM not just as a means for problem resolution, but as an engine to create impact. continue reading » 52SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Spain reports first avian flu case in birds

first_imgJul 7, 2006 (CIDRAP News) – Spain today became the latest country to join the list of nations responding to outbreaks of H5N1 avian influenza, as officials reported finding the virus in a wild bird.In a report to the World Organization for Animal Health (OIE), Spanish officials said highly pathogenic H5N1 strain had been confirmed in a sample taken from a great crested grebe that was found dead Jun 30 in the Salburua wetlands in Alava province. The diagnosis was established by the Central Veterinary Laboratory in Algete.To control the outbreak, a 3-kilometer protection zone around the site has been established, and surveillance will be conducted within 10 km. Authorities have banned movement of poultry and hunting of wild birds within the zone and are monitoring natural areas for any further bird deaths.Spain is the 14th European Union member to report H5N1 avian flu in birds, on the basis of information from the United Nations Food and Agriculture Organization.An outbreak of avian influenza is a particular concern in Spain because, according to a Bloomberg News report today on the outbreak, Spain is Europe’s biggest tourist destination.In other avian flu developments this week:Canadian authorities reported that final virological tests on samples from a dead gosling were negative.The OIE announced that avian influenza had recurred among ostriches in South Africa.Thailand said it hoped to be free of avian influenza in 3 years.Canada ends testing of Prince Edward Island birdsThe Canadian Food Inspection Agency (CFIA) announced Jul 5 that further testing related to a suspected H5 avian flu outbreak in Prince Edward Island had revealed no evidence of the virus.Authorities had announced Jun 16 that preliminary tests had indicated an H5 virus in a gosling, one of four birds that had died in a backyard flock. The positive test led authorities to destroy the rest of the flock and raised concern about the threat of H5N1 spreading to North America. But officials reported on Jun 20 that further tests at Canada’s avian flu reference laboratory in Winnipeg, Man., were negative.In the latest announcement, the CFIA said attempts to culture the virus from samples from the gosling had failed. The agency said testing was finished, and a quarantine on the affected site was lifted.South African ostriches have H5N2 virusAn H5N2 strain of avian flu has been confirmed on an ostrich farm in South Africa, according to a report that officials filed with the OIE. The virus was identified Jul 1 in eight ostriches on the farm in Riversdale, Western Cape province.In his notice to the OIE, South Africa’s senior manager of animal health, Bothe Modisane, said surveillance indicated that the outbreak was probably limited to the farm where the disease was detected. He reported that the farm was quarantined and that all 58 ostriches there were destroyed on Jul 1. Culling of all other poultry on the farm was completed on Jul 3. The source of the infection was not known.In 2004, a similar outbreak of H5N2 in ostriches stopped all poultry exports from South Africa. That outbreak killed 2,000 ostriches on two farms, and officials planned to destroy 6,000 remaining ostriches on the farms.Highly pathogenic strains of H5N2 virus have caused a number of past outbreaks in birds, though none in humans. H5N2 viruses were blamed for outbreaks in Pennsylvania (1983-85), Mexico (1994-95), Italy (1997), Texas (2004), and South Africa (2004), according to the World Health Organization. In addition, Japan had H5N2 outbreaks in poultry in 2005.Thai official offers optimistic projectionThailand’s agriculture minister said yesterday the country hopes to be completely free of avian influenza virus in 3 years. The Thai official, Sudarat Keyuraphan, told Agence France Presse (AFP) that the country has gone 239 days without an outbreak.”If we are able to control the virus for the rest of this year, we will have fewer worries next year, and I am confident that Thailand will be free from the bird flu virus within three years,” Keyuraphan told AFP. She said the 239-day outbreak-free stretch is notable, given that surrounding countries continue to report the disease.According to the AFP report, Thailand has recruited 900,000 volunteers to help with prevention efforts, including regularly spraying disinfectant around poultry farms.In May 2005, Thai officials declared the country free of the H5N1 virus, but more poultry outbreaks were reported the following July, and new human cases emerged in the fall.See also:Jul 7 OIE report on avian influenza in Spainhttp://www.oie.int/downld/AVIAN%20INFLUENZA/A2006_AI.phpJun 21 CIDRAP News article “Further tests show no avian flu in Canadian flock”Jul 3 OIE report on avian influenza in South Africahttp://www.oie.int/downld/AVIAN%20INFLUENZA/A2006_AI.phpAug 6, 2004, CIDRAP News article “Avian flu hits ostriches in South Africa”May 5, 2005, CIDRAP News article on Thailand’s avian flu battlehttp://www.cidrap.umn.edu/cidrap/content/influenza/avianflu/news/may0505avflu.htmllast_img read more

Oil price slump a double-edged sword for Indonesia, Sri Mulyani says

first_img“The positive side is the price of energy will be relatively cheap,” Sri Mulyani told reporters in Jakarta. “However, this could lead to bigger uncertainty in the capital market.”Read also: Oil plunges about 30% after Saudi Arabia slashes prices, opens tapsGlobal share markets tumbled on Monday as panicked investors fled to bonds to hedge the economic shock of the coronavirus and the oil price slump.Sri Mulyani added that the government would continue to monitor the low oil price situation and its potential impact on the state budget. “For the state budget, in revenue from oil, as I said, we are facing low prices, and volume is also down because exports and production are declining, as well as the currency rate,” she pointed out. “We will assess its impact on this year’s state budget as well as the assessment for 2021.”Read also: Indonesia’s 2019 budget deficit widens to 2.2 percent amid tax revenue short fallSaudi Arabia, the world’s biggest oil exporter, is attempting to punish Russia, the world’s second-largest producer, for balking on Friday at production cuts proposed by the Organization of the Petroleum Exporting Countries (OPEC).OPEC and other producers supported the cuts to stabilize falling prices caused by the economic fallout from the coronavirus outbreak.Saudi Arabia plans to boost crude output above 10 million barrels per day (bpd) in April after the current supply deal between OPEC and Russia – known as OPEC+ – expires at the end of March, according to Reuters.Topics : Low oil prices may be a double-edged sword for Indonesia after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to boost supply amid falling demand due to the coronavirus outbreak.Finance Minister Sri Mulyani Indrawati said on Monday that the current price war amid the weakening economy due to the outbreak may benefit Indonesia’s imports as a result of lower oil prices. Brent crude futures fell by the most since 1991 on Monday, by US$14.25 or 31.5 percent to $31.02 per barrel.The current circumstance may ease state-owned oil producer Pertamina’s oil import burden, she added.last_img read more

56 TNI personnel named suspects for alleged attack on Ciracas Police Station

first_imgFifty-six personnel of the Indonesian Military (TNI) have been named suspects for alleged involvement in an attack on the Ciracas Police Station in East Jakarta on Aug. 29.”Fifty are from the Army, while six of them are from the Navy,” TNI Military Police chief Maj. Gen. Eddy Rate Muis said during a press conference as reported by kompas.com on Wednesday.Currently, investigators are still looking into the involvement of 15 air force personnel. The incident occurred when Second Pvt. MI was allegedly driving under the influence early on Aug. 29 and was involved in a car accident at the Arundina fork in Ciracas, East Jakarta.According to Army Military Police chief Lt. Gen. Dodik Widjonarko, MI and two other soldiers, identified as Chief Sgt. ZBH and Second Pvt. AM, had drunk two glasses of alcoholic drink prior to the accident. Furthermore, MI apparently drove a motorcycle owned by his superintendent without a driving license and vehicle registration certificates (STNK).However, MI allegedly told his fellow soldiers that his injuries were caused by an attack by a group of people. Encouraged by esprit de corps, they allegedly attacked the Ciracas Police station. MI was charged under Article 14 section 1 of the criminal code on spreading false information, which carries a maximum sentence of 10 years’ imprisonment, in conjunction with section 2 of the same article, which carries a maximum of three years’ imprisonment.Read also: TNI to dismiss personnel involved in attack on Ciracas Police in East JakartaThe other soldiers involved in the attack were charged under Article 170 of the Criminal Code on mob violence, which carries a maximum sentence of five years’ imprisonment.Second Pvt. MI is now being detained at the Military Police Detachment Jaya II Cijantung [in East Jakarta],” Dodik said. Twenty-three people were reportedly physically assaulted in the attack, while 109 others have suffered material losses.Jakarta Military commander Maj. Gen. Dudung Abdurachman said that, as of Monday, 117 residents and two police officers had filed complaints against TNI personnel who were involved in the attack. “The assaults were in the form of beating, stabbing,” Dudung said.The TNI personnel also vandalized several stores and street stalls along Jl. Raya Bogor near the Arundina fork until Ciracas Police station. “Not only did they beat up [residents], they also damaged the residents’ motorcycles. They took the food sold by street vendors and overturned a meatball cart. There were vehicles being burned down, too.” (trn)Topics :last_img read more

Arsenal boss Mikel Arteta praises David Luiz for responding to his demands

first_imgArsenal boss Mikel Arteta praises David Luiz for responding to his demands Luiz joined Arsenal last summer (Picture: Getty)Mikel Arteta has revealed he told David Luiz he had to ‘step up’ after arriving at Arsenal as their new head coach.Former Chelsea star Luiz has faced steady criticism at the Emirates since joining last summer and was dropped by interim boss Freddie Ljungberg.Arteta restored Luiz to the starting line-up when he took over and opened up on how the rejuvenated Brazilian reacted to his orders.‘Yes, that’s what I wanted to demand of him,’ Arteta said about Luiz being a mentor for young players.ADVERTISEMENT Skip Coral BarrySaturday 11 Jan 2020 8:29 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.8kShares Top articles Crystal Palace v Arsenal: Mikel Arteta preview press conferenceTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 7:03FullscreenCrystal Palace v Arsenal: Mikel Arteta preview press conferencehttps://metro.co.uk/video/crystal-palace-v-arsenal-mikel-arteta-preview-press-conference-2084764/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘He is a player that has won more trophies than anybody else in that dressing room.AdvertisementAdvertisement‘We have to use that in a very powerful way. I wanted him to step up, I wanted him to put all his qualities, his personality and his experience, towards the team and he made a big step forward.‘I am very, very pleased with him. Is he becoming more consistent?More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘I hope so. In the games he has played under me so far, he has been terrific.‘His attitude in training, the way he communicates with his team-mates, his desire to still learn, it’s superb. I am delighted with him.’Arsenal play Crystal Palace on Saturday aiming to secure successive league wins for just the second time this season.Arteta wants to push Arsenal up the Premier League table, with the Gunners currently languishing in tenth place and nine points off the final Champions League spot.MORE: Dimitar Berbatov’s Premier League predictions including Arsenal, Chelsea, Man Utd & LiverpoolMORE: Edu poaches Manchester United scout Sandro Orlandelli for Arsenal Advertisement SPONSORED Read More Video Settings Manchester United captain Harry Maguire Read More 1/1 Visit Advertiser website GO TO PAGE Read Morecenter_img by Metro Read More 1 min. story Read More Full Screen Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling About Connatix V67539 / Coming Next Skip Ad PLAY Advertisement Commentlast_img read more

Family ties bind home that’s an entertainer’s paradise

first_img56 Longman Terrace, Chelmer.THIS elegant family home is in one of Chelmer’s most sought-after enclaves. Owner Helen Phillips has lived in the area for more than 40 years and bought the property at 56 Longman Terrace 17 years ago.“It’s my fourth house within a kilometre radius,” she said. “I’ve had the same neighbours for over 25 years. We’re extremely close.”Ms Phillips said the home had gone on the market around the same time her parents moved into the care home next door. “It was fate. I moved in next door to be close to them,” she said. “Back then there was a gate between us for direct access.”Ms Phillips said she had made extensive renovations to the property.“As our family grew and my children had children and moved overseas and interstate, I added an additional level to accommodate visiting family members,” she said.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours ago“Over Christmas I managed to squeeze 17 people into the house.”The three-level home sits on a 1012sq m parcel of elevated land. On the main level there is a large covered front veranda, and multiple living and dining areas, a kitchen, guest bedroom with ensuite, additional bedroom, bathroom and laundry. There is also a covered patio that overlooks the pool area. Upstairs, there is a master suite with two balconies, dressing room, ensuite and office space.On the ground floor there is a self-contained fourth bedroom with kitchenette and bathroom and a two-car garage. “It has a wonderful, seamless flow from inside to out and an open-air feeling which makes it great for entertaining,” Ms Phillips said. She said Longman Terrace was a lovely street to live in, that had a wonderful “family feel” to it.last_img read more

Why Is Transgender An Identity But Anorexia A Disorder?

first_imgThe Federalist 27 June 2016Family First Comment: This is a very good question.   “The contradictory desire in transgenderism is similar in hopelessness as the desire in anorexia. The goal is to be thin, and one is never thin enough until one is dead. The goal is to be a sex other than one’s biological makeup, and one cannot alter one’s chromosomes and genetic makeup.”The furor over the “bathroom bill” in North Carolina has given the trans movement the perfect kindling to continue fostering their campaign of nationwide acceptance. It has also sparked a semi-hysterical “transphobic” backlash of self-righteous traditionalists. I do not consider myself in either camp. I approach this topic with a wrenching awareness of what it feels like to be disconnected from your body, to hate with every fiber of your being the way you look in the mirror, and to be willing to undergo great feats of self-mutilation to achieve a vision that is always just out of grasp. My perspective on the matter, however, probably would not go over well among most LGBTQ individuals. As a person who has struggled with anorexia nervosa since puberty, the transgender anguish resonates with me. The similarities between the two illnesses are striking. Yet one is an identity, and the other is a disorder. Why?At the heart of gender dysphoria is a paradoxical desire to be characterized as something one simultaneously declares is ineffable (i.e. gender roles are illusory cultural constructs, but I yearn to concretely embody that illusion). The contradictory desire in transgenderism is similar in hopelessness as the desire in anorexia. The goal is to be thin, and one is never thin enough until one is dead. The goal is to be a sex other than one’s biological makeup, and one cannot alter one’s chromosomes and genetic makeup.If a man wants to wear makeup, dresses, even get breast implants, who are we to stop him? If he wants to legally change his name to Maureen, great! But language policing, the implication that by misusing a pronoun we are savaging a person’s very core, is untenable. Using “he” instead of “she” may very well hurt someone’s feelings, but that is a level of sensitivity on par with agoraphobia (fear of crowded or enclosed public spaces). The onus is on the person to find ways of coping. The world cannot be responsible for validating a confusing, opaque issue that has been too quickly transferred from “disorder” to “condition,” from irrational to heroic.READ MORE: http://thefederalist.com/2016/06/27/why-is-transgender-an-identity-but-anorexia-a-disorder/last_img read more