DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced the addition of Lori George Billingsley to the company’s board of directors effective immediately.
Ms. George Billingsley is the Global Chief Diversity, Equity and Inclusion (DEI) Officer for The Coca-Cola Company (TCCC). In this role, she leads TCCC’s DEI Center of Excellence, designed to support a more engaged global workforce and inclusive culture that best positions the employees of the company to drive growth. During her 19 years with TCCC, Ms. George Billingsley has held numerous roles with increasing responsibility in public relations and communications. Most recently she served as Vice President of Community and Stakeholder Relations for Coca-Cola North America.
She currently serves on the Board of Directors of the Congressional Black Caucus Foundation, Inc. (Chair), NAACP Foundation, ColorComm and The Coca-Cola Foundation. She is a member of the Howard University School of Communications Board of Visitors and the former Co-Chair of American University’s Women’s Network. She is a member of the Executive Leadership Council and Co-Chairs TCCC’s Political Action Committee.
Pioneer Chief Executive Officer, Scott D. Sheffield said, “We are extremely pleased to have Lori join our Board of Directors. Diversity and inclusion are Core Values at Pioneer, and Lori’s leadership will strengthen Pioneer’s ability to attract, retain and develop a best-in-class workforce, while also helping us engage meaningfully and effectively with our stakeholders and the communities where we live and operate.”
“In addition, we will absolutely call on Lori’s vast corporate, foundation and communications experience, as well as her relationships with leaders across the country, to help the company successfully navigate the changing global energy landscape,” added Chairman of the Board J. Kenneth Thompson.
Ms. George Billingsley stated, “Joining Pioneer’s board is an exciting opportunity to bring my skill set and perspective to a new industry. The commitment Pioneer makes to its people and the communities where they live and work is impressive. I am looking forward to helping Pioneer continue to lead on issues ranging from diversity and inclusion to emissions reductions.”
Ms. George Billingsley earned her Bachelor of Arts in Public Relations from Howard University and her Master of Arts in Public Communications from American University. In 2019, she completed a 13-month Executive Leadership Experience Program at Harvard Business School. She is an ordained minister.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors-
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Media and Public Affairs-
Tadd Owens – 972-969-5760
Part of company’s efforts to achieve carbon neutrality
KIYOSU, Japan--(BUSINESS WIRE)--Toyoda Gosei Co., Ltd. (TOKYO:7282) has switched to renewable energy sources for all the power used at three of its locations: the World Headquarters, Inabe Plant, and Miyoshi Distribution Center. The company has been reducing the total amount of power it uses by introducing production technology innovations and highly efficient equipment as well as other energy-saving initiatives. It has also been installing its own solar and wind power generation equipment. With the recent purchase of green energy (energy produced from natural sources such as wind, geothermal, and solar that does not emit CO2 when generated by a power company), it has cut carbon emissions at the three locations by 3,363 tons. By introducing these changes sequentially at other company operations, Toyoda Gosei plans to reduce its CO2 emissions 25% by 2025.
Toyoda Gosei has set the environmental targets of cutting CO2 emissions by 50% (compared with 2015 levels) by 2030 and to zero by 2050. The company will continue to aggressively pursue various environmental measures to achieve carbon neutrality.
Toyoda Gosei Co., Ltd.
Contact: Kensaku Chiku
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Move Begins to Welcome Larger Vessels
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met virtually in regular session on Tuesday. Port Chairman Ric Campo opened the meeting by sharing the “good news” that the Houston Pilots have taken the first step towards bringing longer vessels to the Houston Ship Channel.
Following the vote of 96% of the Houston Pilots in favor of bringing larger vessels to the channel, Chairman Campo reported that the Houston Pilot Board met last week to hear public comment on the matter. Joining with cargo industry members, including representatives of the petrochemical and container industry, Chairman Campo expressed his support of a Pilot Board rule to permit the change.
The rule would allow pilots to bring ships up to 1,120 feet in length to Port Houston’s Bayport and Barbours Cut terminals.
Chairman Campo added that allowing these larger ships to call Houston will result in “more cargo and more jobs” and economic benefits for the entire Gulf region. Chairman Campo congratulated Houston Pilots Presiding Officer Captain Robert Thompson and the other pilots for gaining the experience to permit this change.
Chairman Campo also mentioned that the Port Commission met in a special session last week and authorized the Executive Director to negotiate the Project Partnership Agreement, or PPA, with the U.S. Army Corps of Engineers for Project 11, the latest Houston Ship Channel expansion program.
Port Houston’s leadership team recommended a PPA that could include all of the separable elements of the channel project, except for the reach of the Galveston Bay between Bayport and Barbours Cut.
Port Houston June 22 Regular Meeting highlights:
The Port Commission approved a nearly $37 million contract to purchase three dockside electric container cranes for Wharf No. 6 at Bayport. This new equipment and container yard are all part of the Bayport terminal 6, a $200 million development plan, to stay ahead of the continuing growth in cargo volume.
Port Houston continues to focus on sustainability as it facilitated three Sustainability Action Team workshops in June. Port Houston will also soon participate in the Future of Global Energy Conference, sponsored jointly by the Greater Houston Partnership and Center for Houston’s Future.
This month Port Houston joined the International Energy Agency’s Clean Energy Ministerial in launching a Global Hydrogen Ports Coalition, to advance global collaboration aimed at accelerating the use of hydrogen at shipping ports. Port Houston has also joined the BlueSky Maritime Coalition as a founding member, to target decarbonization in shipping through operational efficiency, policy, finance, and technology innovations.
Executive Director Roger Guenther said in his staff report, “Cargo tonnage continues to soar at Port Houston facilities.” Port Houston terminals have recorded an increase of 8% over last year, with a total of 1,315,166 TEUs so far in 2021. This is a 9% increase over a previous record year in 2019. “It seems that every week we are setting new records,” Guenther added.
Port Houston will launch its Business Equity procurement initiative in July. “We plan to provide an update to commissioners in July of those projects targeted for contract goal-setting, to support Small and Minority- and Woman-owned Business participation in Port Houston projects,” Guenther said.
The next Port Commission meeting is scheduled for July 20.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient and fastest-growing container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at www.PortHouston.com.
Lisa Ashley, Director, Media Relations
Office: 713-670-2644; Mobile: 832-247-8179
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Amazon is already the largest corporate buyer of renewable energy in Europe and globally, with 232 projects around the world, enough to power 2.5 million U.S. homes
Amazon reaches 10 gigawatts of renewable energy capacity and advances its commitment to decarbonizing its business operations and reaching net-zero carbon by 2040
SEATTLE--(BUSINESS WIRE)--Amazon (NASDAQ: AMZN) today announced 14 new renewable energy projects in the U.S., Canada, Finland, and Spain to advance its ambitious goal to power 100% of company activities with renewable energy by 2025—five years ahead of the original target of 2030. The new projects bring Amazon’s total renewable energy investments to date to 10 gigawatts (GW) of electricity production capacity—enough to power 2.5 million U.S. homes. Amazon is now the largest corporate buyer of renewable energy in the U.S. and the world.
The latest utility-scale solar and wind projects will supply renewable energy for Amazon’s corporate offices, fulfillment centers, and Amazon Web Services (AWS) data centers that support millions of customers globally. These projects will also help Amazon meet its commitment to produce enough renewable energy to cover the electricity used by all Echo devices in use. These new projects support hundreds of jobs while providing hundreds of millions of dollars of investment in local communities.
“We’re driving hard to fulfill The Climate Pledge—our commitment to reach net-zero carbon by 2040, 10 years ahead of the Paris Agreement,” said Jeff Bezos, Amazon founder and CEO. “Our investments in wind and solar energy in the U.S. and around the world send a signal that investing in green technologies is the right thing to do for the planet and citizens—as well as for the long-term success of businesses of all sizes across all industries everywhere.”
Amazon will now have a total of 232 renewable energy projects globally, including 85 utility-scale wind and solar projects and 147 solar rooftops on facilities and stores worldwide. The 14 new wind and solar projects in the U.S., Canada, Finland, and Spain include:
To see Amazon’s renewable energy projects around the world, visit our interactive map.
“Amazon’s commitment to clean energy is highly commendable, and it is the type of investment that we need to see more of to meet the world’s critical energy and climate needs,” said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “It is becoming increasingly clear that corporations such as Amazon see solar and other renewable resources as the path forward to meet their energy and business needs, and we stand ready to support Amazon and other companies of all sizes in their decisions to go solar.”
“A new level of ambition across the private sector is necessary to accelerate decarbonization of the power system. Amazon’s leadership in investing and adopting renewable energy around the world paves the way for new innovation, and the ability to scale at the pace needed to address the real threats to the planet, people, and businesses posed by climate change,” said Miranda Ballentine, CEO of Renewable Energy Buyers Alliance (REBA).
“With an impressive 10 gigawatts of renewable energy capacity now in its portfolio, and a path to reach its 100% renewable energy target five years ahead of schedule, Amazon continues to walk the walk when it comes to corporate clean energy leadership,” said Gregory Wetstone, president and CEO of the American Council on Renewable Energy (ACORE). “The renewable projects the company announced today will provide communities with good-paying jobs and the affordable, pollution-free power we need to combat the climate crisis.”
Amazon and Global Optimism co-founded The Climate Pledge in 2019, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. The Pledge now has 108 signatories, including IBM, Unilever, PepsiCo, Visa, Verizon, Siemens, Microsoft, and Best Buy. To reach its goal, Amazon will continue to reduce emissions across its operations by taking real business actions and establishing a path to power its operations with 100% renewable energy, five years ahead of the company’s original target of 2030; delivering its Shipment Zero vision to make all shipments net-zero carbon, with 50% net-zero carbon by 2030; purchasing 100,000 electric delivery vehicles, the largest order ever of electric delivery vehicles; and by investing $2 billion in the development of decarbonizing services and solutions through the Climate Pledge Fund. For more information, visit https://sustainability.aboutamazon.com/.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
About Amazon Web Services
For 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 81 Availability Zones (AZs) within 25 geographic regions, with announced plans for 21 more Availability Zones and seven more AWS Regions in Australia, India, Indonesia, Israel, Spain, Switzerland, and United Arab Emirates. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.
Amazon.com, Inc.
Media Hotline
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www.amazon.com/pr
BRYN MAWR, Pa.--(BUSINESS WIRE)--First paragraph, first sentence of release dated June 23, 2021, should read: ...following market close on Aug. 4, 2021. (instead of ...following market close on Aug. 5, 2021.).
The updated release reads:
ESSENTIAL UTILITIES TO REPORT EARNINGS FOR Q2 2021
Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended June 30, 2021 following market close on Aug. 4, 2021.
The company’s conference call with financial analysts will take place on Thursday, Aug. 5, 2021 at 11 a.m. Eastern Daylight Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company’s website for 90 days following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on Aug. 5, 2021 for 10 business days following the call. To access the audio replay in the U.S., dial 888.203.1112 (pass code 6175168). International callers can dial +1 719.457.0820 (pass code 6175168).
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGF
Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Erin O’Donnell
Communications
412.266.2446
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NICO optimizations and refinery site negotiations advancing for Project Finance study
LONDON, Ontario--(BUSINESS WIRE)--#Cobalt--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to report the results of its Annual Meeting of Shareholders held on June 22, 2021 (the “Meeting”), and provide a summary of work on its 100% owned NICO Cobalt-Gold-Bismuth-Copper project (‘NICO Project”) in Canada. The NICO Project is a planned vertically integrated Critical Minerals development comprised of a mine and concentrator in the Northwest Territories (“NWT”) and a hydrometallurgical refinery at a site in Alberta or Saskatchewan, producing cobalt sulphate, gold, bismuth ingots and oxide, and copper cement. The NICO Project is one of the most advanced cobalt development assets outside of the Democratic Republic of Congo (“Congo”) to meet the growing demand in lithium-ion batteries powering electric vehicles, portable electronics and stationary storage cells, and mitigate supply issues from geographic concentration of production and policy risks associated with the current supply sources. The unique metal assemblage of the NICO Deposit includes primary cobalt, a 1.1 million ounce in-situ gold co-product, 12% of global bismuth reserves, and by-product copper. Fortune also owns a 100% interest in the nearby Sue-Dianne Copper-Silver-Gold satellite deposit (“Sue-Dianne Deposit”).
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NICO Project Development:
The focus of NICO Project work has been directed at development activities, assessing various optimizations and refinery sites to produce a more financially robust project since the completion of the Micon International Limited (“Micon”) Feasibility Study in 2014. The NICO Project has received environmental assessment approval and the major mine permits for the facilities in the NWT and the Company has completed a Socio-Economic Agreement with the NWT Government. The preferred refinery site is also permitted and has existing facilities to materially reduce capital costs for the planned vertically integrated development. The NICO Project work is summarized as follows:
NWT Mine Infrastructure
The C$200 million, government funded Tlicho Highway to the community of Whati is nearing completion and is expected to open to the public later this year. The NICO Project includes construction of a 50-kilometre spur road from Whati to the mine to allow metal concentrates to be trucked to the railway at Hay River or Enterprise, NWT for delivery to the refinery by train. Fortune has completed an Access Agreement with the Tlicho Government, setting out the terms and conditions for construction of this road. With the completion schedule of the Tlicho Highway certain, construction of the mine and concentrator can now be planned with all-season road access, reducing equipment redundancy and the costs for facilities that are no longer required, and mitigate supply chain risks.
A new transload facility is under construction at Enterprise, NWT, providing Fortune with a second railway loading option. This would also eliminate 80 km of round trip trucking of metal concentrates, and reduce the transportation costs for other materials delivered to the mine during construction and operations.
The NWT Government is proposing to connect the Yellowknife grid to the Talston grid south of Great Slave Lake where there is surplus hydro power. If this is completed, Fortune could construct a 25-km powerline to Snare Hydro instead of building its own power plant using liquid natural gas-fueled generators.
Mineral Resource Optimization
The NICO Deposit contains Proven and Probable Open Pit and Underground Mineral Reserves totaling 33 million tonnes containing 1.1 million ounces of gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth, and 27.2 million pounds of copper. In 2020, Fortune and P&E Mining Consultants Inc. completed an updated Mineral Resource model with more constrained mineralization boundaries to reduce grade smearing from internal and external modelling dilution and providing better differentiation between high and low grade Mineral Resource blocks for mine planning. In addition, the Mineral Resource model was extended to surface where the NICO Deposit is known to outcrop and also now includes some higher grade drill intersections that were previously omitted.
Mine Plan and Scheduling
In 2020, Fortune prepared a new Mine Plan and Schedule focused on earlier access and processing of higher margin ores. The 2014 Micon Feasibility Study contemplated combined open pit and underground mining during the first two years of the 20-year mine life to augment lower grade open pit ores with processing of gold-rich, higher grade ores mined by underground methods close to the existing decline ramp. With better differentiation between high and low grade resource blocks the underground part of the mine has been expanded from two years to three to accelerate processing of higher grade ores.
The open pit Mine Plan has been re-optimized to provide earlier access to ores with higher cobalt and gold content, lower bismuth, and targeting sulphide ores that produce higher cobalt concentrate grades. A grade control and stockpiling strategy has also been developed to defer processing of ores with lower cash flow margins. The identification of additional near-surface ores will reduce waste rock pre-stripping in the initial years of the mine life. Mining operating costs were also updated to incorporate the new open pit design with shorter cycle times reducing equipment operating costs.
Capital Cost Review
Fortune is reviewing capital cost estimates from earlier engineering studies and investigating strategies for reducing initial and sustaining capital costs. The availability of the Tlicho Highway during construction will allow the Company to eliminate some facilities that are no longer required for winter ice road construction. The all-season road is also expected to allow the construction timelines to be reduced from three to two years. Equipment selection is being reviewed and changes planned where there are practical options requiring lower installation costs or, more modest facilities. Capital costs associated with construction of parts of the combined tailings and waste rock storage area have also been deferred by two years to reduce initial capital costs.
New Refinery Site
Significant efforts have been directed toward evaluation of various sites in western Canada to construct the NICO Project hydrometallurgical refinery. The priorities were focused on permitted brownfield locations with existing facilities and personnel to materially reduce the capital and operating costs for the refinery and to accelerate development. Negotiations are in progress with the owner of the preferred site and an announcement will be made if, and when an agreement is completed. NICO concentrates are contemplated to provide the base load feed for the new refinery circuit with production augmented with feeds from other mines, waste residues from chemical plants, and scrap metals. The future vision for this facility is to diversify the business plan to also include the collection and recycling of spent batteries to recover the contained metals.
Process Residue Disposal
A process residue disposal solution was needed to accelerate development and mitigate permitting risks for the preferred refinery site. Fortune has received indicative terms from a large waste disposal and environmental services company in western Canada to dispose of the refinery process residue. This will also mitigate long-term legacy issues associated with a Company-owned facility.
Critical Minerals:
The cobalt and bismuth contained in the NICO Deposit are identified as Critical Minerals by the United States (“US”) and European Union (“EU”) governments, having essential use in new technologies and defense, and concerns about supply chains due to geographic concentration of production, political uncertainty, and policy risks with the current supply sources. In 2021, Natural Resources Canada released the Canadian Critical Minerals list, which in addition to cobalt and bismuth, also includes copper.
The cobalt market is about 150,000 tonnes per annum and consumption is expected to more than double this decade from accelerating demand in lithium-ion rechargeable batteries, enabling the transformation to electric vehicles and stationary storage of electricity. Cobalt is also used in aerospace alloys, cutting tools and permanent magnets, as well as chemicals to make pigments and catalysts for plastics, rubber and to refine petroleum. Approximately 71% of global cobalt production is mined in the Congo and more than half of this is controlled by Chinese companies. China also controls 80% of the world’s refined cobalt chemical supply.
Bismuth is used primarily in the automotive industry for windshield and glass frits, anti-corrosion coatings and paints, and it is also used to make pharmaceuticals and alloys and compounds where dimensional stability or expansion during cooling is required. Consumption of bismuth is also growing as a non-toxic and environmentally safe replacement for lead in plumbing brasses and solders used in potable drinking water sources, electronic solders, free-machining steel and aluminum, paint pigments, ceramic glazes, photovoltaics, ammunition and fishing weights. The bismuth market is approximately 20,000 tonnes per annum and 80% of the supply is controlled by China.
Canada and the US have announced a Joint Action Plan on Critical Mineral Collaboration advancing both countries’ interest in securing supply chains for the minerals needed in new technologies and to promote more North American production. Following the G7 summit in June, 2021, Canada and the EU launched a new partnership to secure supply chains for Critical Minerals and reduce dependence on China, while also improving transparency of raw material supply.
Government Engagement and Financing
Fortune is engaged with the Canadian and US governments, provincial and territorial governments, and municipalities to accelerate development of important near-term Critical Minerals projects. The Company is interested in securing financial support for the Feasibility Study update assessing the new refinery site and optimizations. Governments are also being solicited to participate in the project finance for the NICO project through various programs and capital pools designed to promote economic growth, western Canada diversification, process and product innovation, and Critical Minerals supply. Fortune was recently invited by the US Embassy in Ottawa to present at a virtual seminar later this month to Tier 1 US manufactures involved in defense, mining, aerospace, automotive, energy and technology, and to strengthen opportunities for vertical supply chain integration with Canada.
Fortune continues to advance discussions with potential private sector strategic partners that want a reliable, transparent and sustainable supply of Critical Minerals for their business or, for investment purposes.
Field Activities:
The Covid-19 pandemic has presented companies with a 15-month challenge for advancing mineral projects due to lockdowns, travel restrictions, and employees working primarily from home. Fortune was able to complete a geophysical program in 2020 between lockdowns consisting of induced polarization and magnetometer surveys over the east end of the NICO Deposit, which identified five high-priority targets for follow-up drilling and potential resource expansion. The 2020 program was supported in part by a NWT Government Mineral Incentive Program grant of C$144,000, and the Company was awarded the same amount for work planned in 2021.
The NICO Deposit and the Sue-Dianne Deposit are classified as iron oxide copper-gold (“IOCG”)-type mineral deposits where global analogues typically occur in clusters of very large ore bodies. They include the ‘super giant’ Olympic Dam Mine in South Australia, the Carajas, Brazil deposits, and the Candelaria District deposits in Chile, which indicate the significant exploration potential of the NICO leases and surrounding areas.
Next Steps:
Fortune’s near-term priorities are to complete the site selection and negotiations for the NICO Project refinery collaboration. Engagement with governments are continuing to secure financial support for the updated feasibility study and project finance. Discussions are also continuing with potential strategic partners and are expected to accelerate once the refinery site is finalized.
Fortune is now looking at options to reprocess NICO mill tailings to recover a portion of the gold that is not already captured in the gravity and flotation circuits. A drill program is also planned for later this year to test the high priority targets identified in the 2020 geophysics program.
Annual Meeting Results:
Fortune reports that the nominees listed in the management information circular for the Meeting were elected as directors. Detailed results of the vote based on proxies received are set out below:
Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
Carl Clouter |
72,906,551 |
91.09% |
7,135,747 |
8.91% |
Robin E. Goad |
73,602,797 |
91.95% |
6,439,501 |
8.05% |
Glen Koropchuk |
73,204,256 |
91.46% |
6,838,042 |
8.54% |
John McVey |
74,935,597 |
93.62% |
5,106,701 |
6.38% |
Mahendra Naik |
73,567,097 |
91.91% |
6,475,201 |
8.09% |
David Ramsay |
73,459,818 |
91.78% |
6,582,480 |
8.22% |
Edward Yurkowski |
74,092,447 |
92.57% |
5,949,851 |
7.43% |
Shareholders also approved the appointment of Fortune’s auditors.
Due to Ontario government restrictions on the size of group gatherings to reduce the risk of spreading the Coronavirus, there was no corporate presentation provided at the Meeting. Shareholders wishing to speak with management can contact the Company through Troy Nazarewicz, Fortune’s Investor Relations Manager at This email address is being protected from spambots. You need JavaScript enabled to view it. .
For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company's profile at www.sedar.com. The disclosure of scientific and technical information contained in this news release has been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune who is a "Qualified Person" under National Instrument 43-101.
About Fortune Minerals:
Fortune is a Canadian mining company focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the NWT. The Company has an option to purchase lands in Saskatchewan where it may build the hydrometallurgical plant to process NICO metal concentrates and is also evaluating other brownfield locations with existing facilities to reduce project capital and operating costs. In addition, Fortune owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project mine site and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator.
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This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the potential for expansion of the NICO Deposit, the Company’s plans to conduct a drill program during 2021, the planned opening of the Tlicho Highway, the construction of a new transload facility at Enterprise, NWT, the possible connection of the Yellowknife electrical grid to the Talston grid south of Great Slave Lake, the planned update to the 2014 Feasibility Study, the possibility of obtaining financial support for the NICO Project through various government capital pools, the Company’s plans to develop the NICO Project and the potential for the Sue-Dianne property to provide incremental mill feed to the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: the Company’s ability to conduct and complete the planned drill program; the timing of the opening of the Tlicho Highway, the Company’s ability to secure a site in southern Canada for the construction of a NICO Project refinery; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related hydrometallurgical refinery and the timing thereof; growth in the demand for cobalt; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks that the planned 2021 drill program may not result in a meaningful expansion of the NICO Deposit, the new transload facility at Enterprise, NWT may not be completed when anticipated, , the Yellowknife electrical grid may not be connected to the Talston grid south of Great Slave Lake, the planned update to the 2014 Feasibility Study may take longer than anticipated to be completed and the economic benefits to be reflected in such update may be less than anticipated, the COVID-19 pandemic may interfere with the Company’s ability to conduct the drill program, the NICO Project may not receive the benefit of any financing under the published initiatives of the United States and European Union with respect to critical minerals or from any other government sources, the Company may not be able to secure a site for the construction of a refinery, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical refinery, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.
For further information please contact:
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
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Tel: (519) 858-8188
www.fortuneminerals.com
Ronks Travel Center Located in Heart of Amish Country
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), nationwide operator of the TA, Petro Stopping Centers and TA Express network, is pleased to announce the opening of a new TA Express in Ronks, Pennsylvania, located in the heart of Lancaster County’s Amish Country. The area is visited by thousands of tourists annually with a variety of attractions including covered bridges, hiking trails, restaurants and art galleries. The new TA Express is a franchised site, formerly known as Lancaster Travel Plaza, offering fueling, convenience items, dining options and other services for tourists and professional drivers.
Located at 2622 Lincoln Highway East, TA Express Ronks offers a convenient place for travelers heading through Pennsylvania’s state capitol of Harrisburg to U.S. Route 30 and through Lancaster County, en route to the beaches on the eastern coast of the U.S. Professional drivers will receive the benefits of TA’s UltraONE loyalty program and other highly regarded services. Amenities include:
This is the first TA Express to open in Pennsylvania and increases TA’s total nationwide network of travel centers to 274, including 41 franchised locations.
“We anticipate more traffic in our travel centers as families start to take road trips again after the long pandemic,” said Dave Raco, Vice President of Franchising. “The TA Express in Ronks is strategically located in a place where our services are needed; it offers a quick, clean and convenient option for all travelers as they visit Lancaster County and drive along this popular route.”
Network growth is a key component of TA’s transformation and TA is focused on franchising to expand its footprint.
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its nearly 20,000 employees serve customers in over 270 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Tina Arundel
TravelCenters of America
216-389-3028
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DUBLIN--(BUSINESS WIRE)--The "Hydraulic Fluid Market Size, Share & Analysis, By Base Oil Type (Semi-Synthetic Oil, Mineral Oil, Bio-Based Oil, Synthetic Oil), By Connector Type (Mobile Hydraulic Fluid Connectors, Stationary Hydraulic Fluid Connectors), By Industry Vertical (Original Equipment Manufacturers (O" report has been added to ResearchAndMarkets.com's offering.
The global hydraulic fluid market size is expected to reach USD 9,629.2 Million in 2028, and register a CAGR of 2.9% during the forecast period.
Increasing demand for heavy machinery in construction industry, rapidly growing construction activities are factors expected to drive adoption of hydraulic fluids, which is a key factor driving market revenue growth.
Rising concerns regarding environmental issues due to use of petroleum-oils is resulting in shifting preference for bio-based hydraulic fluids.
Increasing infrastructure projects, growing need for material-handling equipment, increasing preference for advanced agricultural instruments, and coupled with growing awareness regarding benefits of hydraulic equipment in various sectors are boosting demand for hydraulic fluids, thereby driving market growth.
Availability of substitutes at lower costs, fluctuating prices of crude oil, stringent regulations regarding environment safety and restrictions on using petroleum-oil fluids are major factors that could hamper market growth. In addition, mineral oil- and hydrocarbon-based hydraulic fluids are considered as toxic and harmful for human beings and environment, which could hamper growth of the global hydraulic fluid market.
Some Key Findings From the Report:
Key Topics Covered:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 - 2028
Chapter 3. Indicative Metrics
Chapter 4. Hydraulic Fluid Market Segmentation & Impact Analysis
4.1. Hydraulic Fluid Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand from marine, machinery, and automotive industries
4.2.2.2. Rising demand from the Asia Pacific region
4.2.3. Market restraints analysis
4.2.3.1. Stringent regulations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 5. Hydraulic Fluid Market By Base Oil Type Insights & Trends
5.1. Base Oil Type dynamics & Market Share, 2021 & 2028
5.2. Semi-synthetic Oil
5.3. Mineral Oil
5.4. Bio-based Oil
5.5. Synthetic Oil
Chapter 6. Hydraulic Fluid Market By Connector Type Insights & Trends
6.1. Connector Type Dynamics & Market Share, 2021 & 2028
6.2. Mobile Hydraulic Fluid Connectors
6.3. Stationary Hydraulic Fluid Connectors
Chapter 7. Hydraulic Fluid Market By Industry Vertical Insights & Trends
7.1. Industry Vertical Dynamics & Market Share, 2021 & 2028
7.2. Original Equipment Manufacturers (OEMs)
7.3. Construction Equipment
7.4. Marine
7.5. Aviation
7.6. Automotive
7.7. Oil & Gas
Chapter 8. Hydraulic Fluid Market Regional Outlook
8.1. Hydraulic Fluid Market share by region, 2021 & 2028
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/cyl3ts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group, Inc., (OTCQB: CRTG) (the “Company”), has filed a patent for surface-functionalized silicon quantum dots that emit light in the ultraviolet wavelength range. A technology that may be used in any silicon quantum dot, regardless of how it is manufactured.
“We are excited about the potential of this technology to revolutionize UV lighting based on the use of silicon quantum dots, a core focus of the company," said Dr. Ramez Elgammal, Vice President of Technology at The Coretec Group.
A surface-modified quantum dot includes a silicon quantum dot covalently linked to a dye molecule that has the potential to generate UV light through a process known as upconversion.
Matt Kappers, CEO at The Coretec Group shared, "This new patent is part of our strategy to expand our technology portfolio. Silicon quantum dots have many applications across numerous key industries and address complementary markets to our Cyclohexasilane (CHS).”
To date, it has been challenging to create quantum dots that generate light in the ultraviolet wavelength range. The ultraviolet wavelength is useful in microbial disinfection, forensics, lithography, water purification, and agriculture. The use of a silicon-based LED offers tremendous advantages over the toxic mercury LEDs in use today.
About The Coretec Group, Inc
The Coretec Group, Inc. is developing a portfolio of silicon-based products in energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.
For more information, please visit www.thecoretecgroup.com. Follow The Coretec Group on Twitter and LinkedIn.
Forward-Looking Statements
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
Corporate contact:
The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833
Media contact:
The Coretec Group, Inc.
Allison Gabrys
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+1 (866) 916-0833
--11th Annual Sustainability Report Documents Greater than 35 Million Metric Ton Reduction in Carbon Dioxide Equivalent Emissions Since 2014--
HOUSTON--(BUSINESS WIRE)--#Sustainability--NRG Energy, Inc. (NYSE:NRG), North America’s leading integrated energy and home services company published its eleventh annual sustainability report today. The company has reduced its carbon footprint by 55 percent from its 2014 baseline, exceeding its 50 percent reduction goal five years ahead of plan. The reduction in NRG’s emissions by 35.6 million metric tons of CO2 equivalent is comparable to avoiding almost 90 billion miles driven by an average passenger vehicle1. The report also highlights the company’s commitments to safety, well-being, and community during an unprecedented year, building on more than a decade of leadership in each of the five pillars of NRG’s comprehensive sustainability framework, encompassing its business, customers, workplace, operations, and supply chain. The report can be found in its entirety at nrg.com/sustainability.
NRG’s CO2 equivalent emissions reductions contribute to its commitment to achieving a 50 percent reduction of absolute greenhouse gas (GHG) emissions by 2025 from its 2014 baseline and reaching net-zero GHG emissions by 2050. To achieve these goals, the company has implemented a holistic, four-pronged decarbonization strategy comprised of decarbonizing existing business lines, diversifying into low emissions businesses, including renewables, retiring or divesting non-core higher-emissions assets, and capturing residual emissions.
“I’m proud to introduce my first Sustainability Report with NRG—it is a great privilege to build on the company’s long track record of leadership in sustainability,” said Jeanne-Mey Sun, Vice President of Sustainability at NRG Energy. “Our journey to net-zero will take collective action, innovation, and hard work, and we are proud of the significant accomplishments detailed in this year’s Sustainability Report.”
Other notable highlights include:
Environmental
Social
Governance
The Report adheres to the most widely accepted standards and frameworks, including those of the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD), continuing NRG’s commitment to transparent reporting practices.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as “expect,” “estimate,” “should,” “anticipate,” “forecast,” “plan,” “guidance,” “outlook,” “believe” and similar terms. Although NRG believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially.
NRG 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. The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG’s future results included in NRG’s filings with the SEC at www.sec.gov.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.
1 Calculated using the U.S. Environmental Protection Agency Greenhouse Gas Equivalencies Calculator, https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator, June 2021.
2 All Directors except CEO.
Media:
Candice Adams
609.524.5428
Investors:
Kevin L. Cole, CFA
609.524.4526
DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE: HFC) (the "Company") plans to announce results for its quarter ending June 30, 2021 on August 4, 2021, before the opening of trading on the NYSE. The Company has scheduled a webcast conference on August 4, 2021 at 8:30 a.m. Eastern time to discuss financial results.
This webcast may be accessed at: https://event.on24.com/wcc/r/3193028/201E7D6ABBF98C4C9C25B9FA0D1D5D5C.
An audio archive of this webcast will be available using the above noted link through August 18, 2021.
About HollyFrontier Corporation:
HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico, and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.
HollyFrontier Corporation
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Investor Relations
DUBLIN--(BUSINESS WIRE)--The "Outlook for China's Hydrogen Fuel Cell and Fuel Cell Vehicle Markets " report has been added to ResearchAndMarkets.com's offering.
This report provides an overview of fuel cell development, looks at government policy and industrial development of fuel cell and FCEV (Full Cell EV) in China, and examines their future development.
As cell technology advances, fuel cells have been widely adopted due to their high energy efficiency, sustainability, and low noise levels. Transportation has become a major application area for hydrogen fuel cells in the downstream segment and is expected to grow further. Fuel cell vehicles can make up for the weaknesses of BEVs (Battery Electric Vehicle). Currently, China leads the world in hydrogen production.
Due to the governments' carbon emission reduction targets and the advantages of using hydrogen fuel cells in commercial vehicles, China has long focused on the development of hydrogen energy, fuel cells, and FCEVs.
List of Topics
Key Topics Covered:
1.Transportation Drives Fuel Cell Development
1.1 Increased Application of Fuel Cells in Transportation
1.2 Long Cell Lifetime and Zero Emissions the Biggest Advantages of FCEVs
2. China's Fuel Cell and FCEV Development Policies
2.1 Increased Policy Support to Accelerate Industry Development
2.2 Local Governments Roll out Hydrogen Energy Policies in Full Swing
3. Development of China's Fuel Cell and FCEV Industries
3.1 PEMFC Fit for Automotive Use and to Become Mainstream Technology
3.2 Fuel Cell Stack at the Core of FCEV Technology and Cost
3.3 MEA Plays a Key Role in PEMFC Performance; Bipolar Plates Provide Gas Flow Channels
3.4 BOP the Key to Fuel Cell Stack Reliability; CEM the Core of BOP
3.5 Chinese Vendors Jump into the Hydrogen Refueling Station Industry Chain to Create Business Opportunities
3.6 China Needs to Work Harder on Domestic Production of Key Components for Fuel Cells
3.6.1 China Lags Far behind in Technology and Mass Production Capability for Fuel Cell Stacks and Key Components
4.Outlook for China's Hydrogen Fuel Cell and FCEV Markets
4.1 FCEV Production and Sales Volume Remains Small but Projected to Grow Strongly in 2021
4.2 China to Focus on Commercial FCEVs
4.3 Increased Importance of Heavy-duty Trucks in China's Commercial FCEV Development
4.4 Forklifts another Trend in China's Commercial FCEV Development
5. Analyst Perspective
Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/9awsq5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Responsibly sourced gas pioneer strengthens ESG leadership with first-of-its-kind, basin-wide commitment in partnership with Project Canary
HOUSTON & DENVER--(BUSINESS WIRE)--Southwestern Energy (NYSE: SWN) (the “Company” or “Southwestern”) announced today that it executed an agreement to obtain independent responsibly sourced gas (RSG) certification through Project Canary’s stringent TrustWell™ standards and continuous emissions monitoring across its Appalachia basin operations.
Under the terms of the agreement, Southwestern will utilize Project Canary’s independent TrustWell™ analysis platform across its existing and future unconventional Appalachia wells. The agreement expands SWN’s existing relationship with Project Canary, which began in 2017, and, when completed, will increase SWN’s certified gross production to over 3 Bcf per day.
The certification process is set to begin in July 2021, with substantially all certifications expected to be complete by early 2022. Project Canary will also initiate the installation of its Canary X continuous emissions monitoring devices on all SWN’s pad locations throughout the Appalachia basin.
“Creating sustainable value through responsible energy development is a core value of SWN. We are proud to have been first-movers in ESG, including leading performance, disclosure and transparency. This includes emissions performance leadership through rigorous operational design standards and methane reduction initiatives, returning more freshwater to the environment than is used in our operations, and robust chemical disclosure management,” said Bill Way, Southwestern Energy President and Chief Executive Officer. “In 2017, we saw the potential for a differentiated market that values responsibly sourced gas, and today, we add another milestone by becoming the largest independent producer to certify and continuously monitor its entire base production. Natural gas is a clean, reliable and affordable source of energy and, as a leading producer of natural gas, we are proud to be a part of a lower carbon future.”
Southwestern Energy certified its first wells in 2017 and has since completed six separate RSG sales agreements. Southwestern has a proven track record of ESG performance including reporting the lowest GHG intensity among AXPC peers in the annual EHS survey, achieving a methane intensity that is 85% better than the target set by ONE Future, reporting five consecutive years of freshwater neutrality and returning over 14 billion gallons of freshwater to the environment.
Project Canary, a Denver-based B-Corp, is the leading provider of continuous emissions monitoring technology and responsibly sourced natural gas certification through its TrustWell™ operational analysis program. More than 600 unique data points within 24 operational categories, including 12 dynamic scores for continuous improvement, are included in a TrustWell™ analysis, making it the market’s most rigorous certification and ongoing monitoring process. Operators that earn top TrustWell™ rankings utilize the highest standards and practices across their operations.
“Southwestern Energy’s longstanding sustainability leadership has positioned the company for continued success. We are grateful to work with their entire team to further advance their most critical ESG goals through site-level certification and continuous monitoring data,” said Chris Romer, co-founder and CEO of Project Canary. “The differentiated market for RSG is expanding quickly and independent, third-party certification ensures that the demands of global end-users, with heightened sustainability demands, will be met and exceeded through the energy transition, where RSG will play a central role.”
This partnership marks more than three-dozen agreements Project Canary has entered into with companies across the energy value chain, reflecting the growing differentiated market demand for RSG.
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.
About Project Canary
Project Canary, a Public Benefit Corporation based in Denver, Colorado, is a mission-driven entity accountable to a double bottom line of profit and the social good. Project Canary believes it is possible to create a financially successful, self-sustaining business that “does well and does good.” Project Canary’s goal is to mitigate climate change by helping the energy sector operate on a cleaner, more efficient, more sustainable basis through its TrustWell™ operational certification program and continuous emission monitoring services. Project Canary partners with the Colorado School of Mines Payne Institute to develop a collaborative environment for oil and gas companies and external parties to share best practices and insights garnered through continuous monitoring. To learn more, visit projectcanary.com.
Forward Looking Statement
Certain statements and information in this news release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. The words “believe,” “expect,” “anticipate,” “plan,” "predict," “intend,” "seek," “foresee,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “project,” “potential,” “may,” “will,” “likely,” “guidance,” “goal,” “model,” “target,” “budget” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Examples of forward-looking statements include, but are not limited to, statements regarding the proposed acquisition of Indigo Natural Resources LLC (the “Proposed Transaction”), expected synergies and other benefits from and costs in connection with the Proposed Transaction, estimated financial metrics giving effect to the Proposed Transaction, our financial position, business strategy, production, reserve growth and other plans and objectives for our future operations, and generation of free cash flow. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. The forward-looking statements contained in this document are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. As such, management’s assumptions about future events may prove to be inaccurate. For a more detailed description of the risks and uncertainties involved, see “Risk Factors” in our most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other SEC filings. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changes in circumstances, or otherwise. These cautionary statements qualify all forward-looking statements attributable to us, or persons acting on our behalf. Management cautions you that the forward-looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids (“NGLs”), including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to COVID-19 or other public health crises and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets; our ability to fund our planned capital investments; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering, developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to realize the expected benefits from recent acquisitions or the Proposed Transaction; costs in connection with the Proposed Transaction; the consummation of or failure to consummate the Proposed Transaction and the timing thereof; costs in connection with the Proposed Transaction; integration of operations and results subsequent to the Proposed Transaction; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the SEC that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.
Southwestern Energy Contact
Brittany Raiford
Director, Investor Relations
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Project Canary Contact
Brian Miller
Vice President, Growth and Policy
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PARMA, Italy--(BUSINESS WIRE)--Chiesi, the international research-focused pharmaceutical and healthcare Group (Chiesi Group), further accelerated its path toward becoming a fully sustainable company, despite an extremely challenging 2020, which was overshadowed by the Covid-19 pandemic. This is the thread running through Chiesi’s Annual & Sustainability Report 2020.
The Group in 2020 turned in a robust financial performance, with revenues amounting to €2,229 million, up by 11.8% compared to 2019. It provides Chiesi with impetus to continue its transformational journey to become the world’s first fully sustainable pharmaceutical company, in which value generation for the planet and for society enables the creation of innovation, progress and prosperity.
Transparent impact measurement methodology that integrates ESG (environmental, social, and corporate governance) topics and impact frameworks
As in previous years, Chiesi is reporting how it operates in accordance with a comprehensive combination of multiple tools and frameworks. This includes the methodology pioneered by renowned economist Professor Jeffrey Sachs of the Columbia Center on Sustainable Development, which assesses Chiesi’s business impact through an analysis of products, processes, global value chain and corporate citizenship, in full alignment with the United Nations 2030 Agenda of Sustainable Development Goals (SDGs). Chiesi’s Annual & Sustainability Report further meets the standards of the Global Reporting Initiative, a non-profit organisation set up to support companies when reporting on sustainable performance, the B Impact Assessment™ created by B Lab, the non-profit organisation behind the B Corp certification, and the SDG Action Manager from UN Global Compact and B Lab.
Patients’ medical treatment top priority during pandemic
In a year unlike any other in the Group’s history, Chiesi worked relentlessly to protect patients and ensure their unhindered access to life-saving medical treatments despite the disruptions to supplies and public healthcare services caused by the pandemic. The company established a dedicated team to coordinate the collection and deployment of financial and in-kind donations to support communities during the Covid-19 emergency. In addition, Chiesi maintained the production of medical products, especially those which were essential or needed to treat rare diseases. Overall, the company directly donated or raised more than €10.6 million, of which over €3.5 million contributed to charitable projects in the Parma area and Italy nationwide.
“The pandemic has changed the world with full force in what were already transformative times. Within this context of adversity and the need to manage the unknown, I am grateful for the organisation that we have demonstrated to be. The mobilisation of Chiesi’s people has gone beyond the scope of our business and attested the values we share together. Our shared value approach, as a certified B Corp and a Benefit Corporation, demonstrates that the values we stand for represent the solid foundation our company needs for the challenges of our time,” said Ugo Di Francesco, CEO of Chiesi Group.
From product focus to full patient-centricity
In 2020 Chiesi dedicated more than 20% of its revenues to R&D, which placed Chiesi as the top Italian pharmaceutical company for number of patents filed. A commitment was also put in place to accelerate the transformation of its business and corporate culture towards adopting a holistic and patient-centric perspective at every stage of the product development cycle. The streamlining of the Group’s brand architecture – with the three areas Air, Rare and Care inspired by the non-medical language patients use, and the re-launch of the Chiesi visual identity in early 2021 are direct outcomes of the Group’s ongoing evolution of embedding empathy with the patient experience into all business processes.
Several new strategic collaborations with external partners that Chiesi entered into in 2020 will help to further bolster this patient-oriented approach. This includes the partnerships with Moderna, a biotechnology company pioneering messenger RNA (mRNA) therapeutics, to develop new therapies against pulmonary arterial hypertension. Another example of the Chiesi patient-centric innovation approach is its investment in Cyclica. The Canadian neo biotech company is working on decentralising the discovery of drugs through an innovative supervised learning AI technology for predicting molecular properties in the R&D phase to reduce attrition rates and the time from bench to patient.
Continued focus on Diversity & Equality in the workplace
Despite the challenges for workplace organisation as a result of the pandemic, Chiesi further increased the number of employees to 6,389 in 2020, a growth of around 9% on the previous year. Around 53% of the Group’s workforce, and more than a quarter of executives and senior managers, are women. The ratio of female employees is even higher in the Research & Development area (64%).
Chiesi’s leadership in diversity and equality in the workplace was once again demonstrated by the Financial Times’s annual Diversity Leaders ranking, in which the company was ranked 10th worldwide. The ranking assesses 850 European employers on the diversity of gender, age, ethnicity, disability and sexual orientation in their workforces. Chiesi is one of only two Italian companies in the top 10 and ranked 1st within the pharmaceutical and biotechnology industry.
Chiesi remains committed to enhancing diversity and equality in the workplace. Following the creation of the Diversity and Inclusion Committee in 2019, the company established a Gender Equality Committee in 2020. In 2021, Chiesi is developing and implementing an action plan for improved female talent development practices to close the gender gap.
Chiesi raises the level of ambition towards carbon neutrality
Following the first announcement in 2019, in May 2021, Chiesi unveiled its plan to become carbon neutral by 2030 with regard to direct greenhouse gas (GHG) emissions and indirect GHG emissions from purchased electricity and heat (scopes 1 and 2) and by 2035 on all the other indirect GHG emissions (scope 3) on www.actionoverwords.org. This will include a 90% reduction of emissions from Chiesi’s inhaler devices compared to 2019, thanks to the planned introduction of an innovative low global warming potential propellant.
Chiesi’s green energy transition on a global scale
In 2020, all of Chiesi’s Italian sites, representing around 80% of its total energy consumption, were powered by 100% renewable energy. The Group signed a new contract for its 2021 and 2022 energy supply from the wind farm MELFI II, a new wind farm located in a high wind area in Puglia region (Italy). 100% of the electricity used at the Parma sites comes from high-quality renewable sources; 2.6% is generated from Chiesi’s own plants (self-production) with a total capacity of 780 kW (+670 kW compared to the previous year). In 2021, Chiesi intends to complete the transition to 100% renewable electricity at all manufacturing sites.
Total energy consumption in 2020 decreased by 15% compared to 2019. This was mainly driven by a reduction in energy use from the car fleet due to the Covid-19 pandemic. The Group’s new Headquarters in Parma (Italy), inaugurated in 2020, is also a totally green building and is LEED Platinum certified, the highest level of the international building sustainability rating system promoted by the Green Building Council.
About Chiesi Group
Based in Parma, Italy, Chiesi is an international research-focused pharmaceuticals and healthcare group with over 85 years’ experience, operating in 30 countries with more than 6,000 employees (Chiesi Group). To achieve its mission of improving people’s quality of life by acting responsibly towards society and the environment, the Group research, develops and markets innovative drugs in its three therapeutic areas: AIR (products and services that promote respiration, from new-born to adult populations), RARE (treatment for patients with rare and ultra-rare diseases) and CARE (products and services that support special care and consumer-facing self-care). The Group’s Research and Development centre is based in Parma and works alongside 6 other important research and development centres in France, the U.S., Canada, China, the UK, and Sweden to promote its pre-clinical, clinical, and regulatory programmes. Chiesi, since 2019, is the world’s largest B Corp certified pharmaceutical group. Chiesi Farmaceutici S.p.A. has changed in 2018 its legal status to a Benefit Corporation, by incorporating a double purpose for the creation of shared value, and to generate value for its business, for society and the environment. The global B Corp movement promotes business as a force for good. Moreover, as a Benefit Corporation, Chiesi Farmaceutici S.p.A. is required by law to include objectives of common benefit in its bylaws and to report annually in a transparent way. The Group is committed to becoming carbon neutral by the end of 2035.
For further information: www.chiesi.com
Alessio Pappagallo
Press Office Manager
Phone +39 339 589 483
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DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending June 30, 2021 on August 3, 2021, before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on August 3, 2021 at 4:00 p.m. Eastern time to discuss financial results.
This webcast may be accessed at:
https://event.on24.com/wcc/r/3193021/C51478754BB4C45444F708FB4361577B
An audio archive of this webcast will be available using the above noted link through August 17, 2021.
About Holly Energy Partners, L.P.:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. The Partnership, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming and Kansas as well as refinery processing units in Kansas and Utah.
Holly Energy Partners, L.P.
Craig Biery, 214-954-6511
Vice President, Investor Relations
or
Trey Schonter, 214-954-6511
Investor Relations
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to five percent of its 711,673,439 outstanding common shares as of June 15, 2021, or a maximum of 35,583,671 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from Exxon Mobil Corporation (ExxonMobil), Imperial’s majority shareholder, as described below.
The new one year program will begin on June 29, 2021, and will end should the company purchase the maximum allowable number of shares, or on June 28, 2022.
Imperial has established an automatic share purchase plan with its designated broker to facilitate the purchase of common shares, both under the NCIB and concurrently from ExxonMobil, during times when Imperial would ordinarily not be permitted to purchase due to regulatory restrictions or self-imposed black-out periods. Before entering a black-out period, Imperial may, but is not required to, instruct the broker to make purchases under the NCIB based on parameters set by Imperial in accordance with the share purchase plan, TSX rules and applicable securities laws. The plan has been pre-cleared by the TSX and will be implemented effective June 29, 2021.
Consistent with the company’s balance sheet strength, low capital requirements and strong cash generation, this announcement reflects the company’s priority and capacity to return cash to shareholders. The NCIB represents a flexible and tax-efficient way of distributing surplus liquidity to shareholders who choose to participate by selling their shares. In addition, the NCIB will be used to eliminate dilution from shares issued in conjunction with Imperial’s restricted stock unit plan.
ExxonMobil will be permitted to sell its shares to Imperial outside of, but concurrent with, the NCIB in order to maintain its proportionate share ownership at approximately 69.6 percent. ExxonMobil advised Imperial that it intends to participate, as it has in prior years, and has established an automatic share disposition plan to facilitate the sale of its shares concurrent with the NCIB.
All share purchases will be made through the Toronto Stock Exchange and through other designated exchanges and published markets in Canada. Shares purchased under the NCIB are cancelled and restored to the status of authorized but unissued shares.
As of June 15, 2021, Imperial has 711,673,439 issued and outstanding common shares. The average daily trading volume of Imperial’s common shares over the six calendar months prior to the date of this announcement was 1,250,051 shares per day. Imperial’s daily purchase limit under the new program will be 312,512 shares, which represents 25 percent of the average daily trading volume.
The acceptance marks the continuation of Imperial’s existing share repurchase program that will expire on June 28, 2021. Under the existing program, which was amended on April 30, 2021, a maximum number of 29,363,070 shares are available for purchase, reduced by the number purchased from ExxonMobil. As of June 18, 2021, Imperial has purchased 7,522,148 shares on the open market and a corresponding 17,205,732 shares from ExxonMobil to maintain its proportionate share ownership at 69.6 percent, representing a total cost of about $982 million and an average cost of $39.73 per share.
Cautionary statement: Statements of future events or conditions in this release, including projections, expectations and estimates are forward-looking statements. Forward-looking statements in this release include references to the company’s low capital requirements, strong cash generation, and priority and capacity to return cash to shareholders. Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning demand growth and energy source, supply and mix; commodity prices, foreign exchange rates and general market conditions; production rates, growth and mix; project plans, timing, costs, technical evaluations and capacities and the company’s ability to effectively execute on these plans and operate its assets; progression of COVID-19 and its impacts on Imperial’s ability to operate its assets, including the possible shutdown of facilities due to COVID-19 outbreaks; applicable laws and government policies, including restrictions in response to COVID-19; and capital and environmental expenditures could differ materially depending on a number of factors. These factors include global, regional or local changes in supply and demand for oil, natural gas, and petroleum and petrochemical products and resulting price, differential and margin impacts, including foreign government action with respect to supply levels and prices and the impact of COVID-19 on demand; availability and allocation of capital; availability and performance of third-party service providers, including in light of restrictions related to COVID-19; management effectiveness and disaster response preparedness, including business continuity plans in response to COVID-19; political or regulatory events, including changes in law or government policy such as tax laws, production curtailment and actions in response to COVID-19; unanticipated technical or operational difficulties; operational hazards and risks; currency exchange rates; general economic conditions; and other factors discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial Oil Limited’s most recent annual report on Form 10-K and subsequent interim reports on Form 10-Q.
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.
Source: Imperial
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
For further information:
Investor Relations
(587) 476-4743
Media Relations
(587) 476-7010
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.83 per share of common stock, payable on September 1, 2021, to shareholders of record on August 2, 2021.
Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of approximately $20 billion, about 6,300 megawatts of generating capacity and more than 6,000 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to more than 1.3 million Arizona homes and businesses. For more information about Pinnacle West, visit the company’s website at pinnaclewest.com.
Media Contact:
Alan Bunnell (602) 250-3376
Analyst Contact:
Stefanie Layton (602) 250-4541
Website:
pinnaclewest.com
Fort Collins Utilities takes advantage of Itron’s distributed energy resource management solution to reduce energy usage.
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#DERM--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today the successful deployment of a grid-interactive water heater program for Fort Collins Utilities (Utilities), which provides electricity, water, wastewater and stormwater services to more than 75,000 customers in the City of Fort Collins, Colorado. The program, which is managed by Itron, enables new distributed energy resource technologies to connect electric resistive and heat-pump water heaters to operate during periods when excess renewable energy is available or to pre-heat water tanks, supporting Utilities’ energy savings goals. Electric hot water heaters are the second highest electricity-consuming appliance for most residential customers, after air conditioners. The ability to pre-heat water prior to peak electric-use periods can reduce a significant amount of enrolled residential customers’ electric costs during peak times – up to 15 to 20% – by shifting it to non-peak times.
Itron is providing full, turnkey support for Utilities’ grid-interactive water heater program, including hosting its distributed energy resource management (DERM) solution – IntelliSOURCE® Enterprise™ cloud-based software – along with marketing, call center, data analytics support and field services. This solution contributes to the full portfolio of Itron’s DERM solutions already in place at Utilities, including connected load control switches, smart thermostats and in-home displays.
Through the program, Utilities will be equipped to expand its current demand response capabilities of shedding water heating load, storing energy and initiating events to consume excess electricity. With this new program, Utilities is demonstrating the use of the existing Itron IntelliSOURCE platform using OpenADR integration and CTA-2045-compliant components to solve modern grid challenges. CTA-2045 is a communication protocol that expands interface options and, in conjunction with an OpenADR-based demand response system, provides more flexible control and a more predictable resource when needed.
“At Fort Collins Utilities, we are committed to providing highly reliable and affordable electric and water services to our customers. This program is another way in which we are taking advantage of Itron’s DERM solutions to improve grid management and energy efficiency. The program has demonstrated the efficiency and flexibility of grid interactive water heaters, which will help Utilities better manage the grid and equip our customers to save money and reduce their carbon footprint,” said Pablo Bauleo, Sr. Energy Services Engineer. “The program targeted low-to-moderate income residents by partnering with Neighbor to Neighbor, a local nonprofit that focuses on affordable housing, making this effort not just about technology, but community and equity.”
“We are excited to see the early success of Utilities’ water heater program. With Itron’s distributed energy resource management solution, Fort Collins Utilities will be better positioned to enable customers to maximize value,” said Don Reeves, senior vice president of Outcomes at Itron. “This project involving water heaters is a great example of how Itron is expanding the capabilities of our DERM solution to optimize and control additional end-use devices that enable grid reliability and stability. To further this vision, Itron is currently adding IEEE 2030.5 communications to its solutions, which allow for control of inverters for batteries and solar photovoltaics. It’s all a part of how Itron is delivering intelligence that empowers.”
IntelliSOURCE is a proven DERM solution used to address peak capacity, load management and non-wires alternative use cases for residential, commercial and industrial markets. IntelliSOURCE currently manages over 1.1 GW with over 3 million installed devices. IntelliSOURCE is extensible beyond just load control to optimize the grid for various types of distributed energy resources, such as electric vehicles, rooftop solar and behind-the-meter battery storage.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended June 30, 2021 following market close on Aug. 5, 2021.
The company’s conference call with financial analysts will take place on Thursday, Aug. 5, 2021 at 11 a.m. Eastern Daylight Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company’s website for 90 days following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on Aug. 5, 2021 for 10 business days following the call. To access the audio replay in the U.S., dial 888.203.1112 (pass code 6175168). International callers can dial +1 719.457.0820 (pass code 6175168).
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGF
Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Erin O’Donnell
Communications
412.266.2446
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The global investment firm’s second consecutive year achieving carbon neutrality is part of increased commitment to ESG and DEI across firm and portfolio companies
AUSTIN, Texas--(BUSINESS WIRE)--#ESG--Vista Equity Partners (“Vista” or the “Firm”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today announced that it has partnered with Clearloop, a renewable energy accelerator, to offset its 2020 corporate carbon footprint and help expand access to clean energy in Jackson, Tennessee. The Firm subscribed to Clearloop’s first 1-million-watt solar project, and its partnership will help build 510 new solar panels and power 44 homes in the underserved community.
Jackson, where nearly half of the population identifies as African American, is the hub of rural West Tennessee. Though it’s been identified as a Distressed Community by the Economic Innovation Group, it's already embracing the economic and health benefits of the clean energy economy. The Clearloop solar project is located in an industrial area of the county across the road from the Tennessee College of Applied Technology (TCAT) - Jackson, which will be a key component in the creation of a local workforce development program for electricians and other trades in the area. The project, which will guarantee clean energy to the community for the next 40 years, is slated to break ground in September 2021 and generate clean electricity by July 2022.
“We’re proud to partner with Clearloop to invest in carbon neutrality in ways that improve racial equity,” said Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners. “The COVID-19 pandemic and events of 2020 made clear there are persistent, structural challenges facing African Americans, including in the southeast. All communities simultaneously face the existential risks of climate change. This groundbreaking project will address both issues, deploying solar energy into a particularly disadvantaged African American community and creating local jobs.”
"We're grateful for the visionary leadership of Vista Equity Partners for not only reclaiming their carbon footprint, but also making their climate action investment do more by cleaning up the grid and expanding access to clean energy in American communities otherwise getting left behind. This investment recognizes that although access to clean energy is not equitable in our country today, we have a great opportunity to ensure that corporate ESG commitments deliver on the promise of a just transition to a decarbonized economy." Laura Zapata, Clearloop CEO & Co-Founder.
This is the second consecutive year Vista has achieved carbon neutrality and strengthened its commitment to DEI across its ecosystem. The Firm utilizes a software measurement tool to accurately track its greenhouse gas (GHG) emissions and help identify opportunities for reduction and goal setting. Last year, Vista partnered with Chyulu Hills REDD+ Project, which helps protect and improve forest quality in the Tsavo-Amboseli ecosystem in southeastern Kenya. The project also partners with local communities to provide long-term sustainable financing to maintain the local landscape’s ecological integrity.
The Information and Communications Technology industry’s emissions doubled between 2007 to 2020, and as an enterprise software investor, Vista acknowledges its role in managing its operations responsibly and reducing its share of GHG emissions to limit global warming and avoid the worst effects of climate change. Vista’s ESG practices reflect its commitment to creating value for all its stakeholders and the Firm’s belief that the transformative power of technology is the key to a smarter economy, a healthier planet and diverse and inclusive communities.
About Vista Equity Partners
Vista is a leading global investment firm with more than $75 billion in assets under management as of December 31, 2020. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit, and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.
About Clearloop
Clearloop partners with companies big and small to offset their carbon footprint and expand access to clean energy by funding new solar projects in American communities otherwise getting left behind. Clearloop was founded by three Tennesseans who are focusing corporate sustainability investments on cleaning up the grid to ensure that the environmental, health, and economic benefits of clean energy reach all communities around our country equally. Learn more at: https://clearloop.us/.
Media Contacts
For Vista:
Dafna Tapiero
This email address is being protected from spambots. You need JavaScript enabled to view it.
202-776-7776
For Clear Loop:
Annette McDermott
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404-545-7558
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