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CARFAX Named Best Places to Work in Virginia for the 12th Time
Prnewswire· 2025-03-12 12:15
Company Recognition - CARFAX has been named one of the Best Places to Work by Virginia Business Magazine, marking its 12th win since the award's inception in 2011, based on anonymous employee surveys assessing workplace experiences [1][2] Company Culture - The recognition reflects CARFAX's commitment to investing in its team by fostering a culture of transparency, trust, and leadership, as stated by CEO Bill Eager [2] - The company emphasizes an inclusive culture that promotes collaboration and defines the work environment, as highlighted by Senior Product Marketing Manager Eva Whitfield [2] Workforce Growth - CARFAX has grown from a few dozen employees to over 1,400 employees by 2025, establishing itself as a trusted leader in northern Virginia [3] New Headquarters - CARFAX will be moving to new offices in Reston Station, occupying just under 90,000 square feet, which will provide a dynamic space for innovation and growth [4] Community Involvement - Team CARFAX is actively involved in supporting various causes, including the Boulder Crest Foundation, which offers free posttraumatic growth programs to military members, veterans, and first responders [5] Company Overview - CARFAX, part of S&P Global Mobility, provides innovative solutions powered by vehicle history information, helping millions confidently shop, buy, service, and sell used cars [6]
Global Energy Industry at a Crossroads of Challenges and Opportunities, S&P Global Report Says
Prnewswire· 2025-03-06 20:45
Core Insights - The report "Look Forward: Energy at the Crossroads" by S&P Global examines the current state of the energy transition and outlines a pragmatic path forward as global energy leaders prepare for CERAWeek in Houston, Texas [1][2] Energy Transition Challenges - Governments are prioritizing affordable energy and economic growth over sustainability, leading to a multidimensional energy transition that will vary across regions, technologies, and fuel mixes [5] - Achieving net-zero emissions by 2050 is now considered unlikely due to these challenges [5] Technological and Market Developments - New observation technologies have revealed higher methane emissions than previously reported, prompting the oil and gas industry to focus on measuring and mitigating these emissions [2][5] - There is a resurgence of interest in nuclear energy as a means of decarbonization [5] - The integration of AI is expected to transform energy supply chains and contribute to addressing climate change [5] Political and Economic Implications - Western economies face challenges in reducing dependence on China for clean technology supply chains, necessitating significant investments in local manufacturing [5] - Despite the financial risks posed by climate change, only 35% of major companies currently have climate adaptation plans in place [5]
CARFAX Tool Checks Cars in U.S. for Open Recall 8 Billion Times
Prnewswire· 2025-03-06 14:00
Core Insights - The Vehicle Recall Search Service, developed by CARFAX and the Alliance for Automotive Innovation, has checked vehicles in the U.S. nearly eight billion times over the past seven years, enhancing consumer awareness and road safety [1][2] - Since its launch in 2018, the service has identified millions of cars with unresolved recalls, with CARFAX data indicating that one in five cars in the U.S. currently has an unfixed recall [2][4] - Eight state DMVs, including California, New York, and Ohio, utilize the service to check vehicle recall status during registration or inspection processes, notifying owners of any open recalls [3][4] Industry Impact - The tool's potential to protect drivers is emphasized, with calls for more states to adopt it to ensure regular vehicle checks, thereby increasing driver safety and aiding manufacturers in closing recalls [4][5] - Ohio's implementation of the service has led to the identification of over 7.2 million recalls, with 2 million recalls remedied through individualized notifications during vehicle registration renewals [4][5] - The partnership between CARFAX and various stakeholders, including DMVs and insurers, is crucial for identifying and fixing more recalls, ultimately enhancing road safety [5]
US LNG Capacity Additions Would Significantly Lower GHG Emissions Compared to Alternatives, New S&P Global Study Finds
Prnewswire· 2025-03-06 13:28
Core Insights - Continued development of U.S. LNG export capacity is projected to significantly lower global greenhouse gas emissions compared to alternative energy sources, with a potential reduction equivalent to more than twice the annual emissions from all gasoline cars in Los Angeles County by 2040 [1][10] LNG Capacity and Emissions Impact - The study identifies that LNG projects currently on hold or in pre-Final Investment Decision stage could add a combined capacity of 40 million tons per annum (Mtpa) from 2028 to 2040, resulting in a reduction of global GHG emissions by 324 million tons (GWP100) or 780 million tons (GWP20) over the same period, averaging 65 million tons per year [2] - The net reduction in emissions is attributed to the lower GHG intensity of U.S. LNG compared to the average intensity of alternative energy sources, with 85% of these alternatives being fossil fuels from non-U.S. sources [3] Economic Contributions - The expansion of U.S. LNG capacity is expected to support nearly half a million domestic jobs annually and contribute $1.3 trillion to U.S. GDP through 2040, with negligible impact on domestic gas prices [5] - If no new or currently paused U.S. LNG capacity comes online, over 100,000 jobs and more than $250 billion in GDP contributions are at risk [5] State and Congressional District Level Impacts - Economic impacts extend beyond core gas-producing states, with 37% of total jobs (180,000+) and 30% of GDP contributions ($390 billion) occurring in non-producing areas through 2040, indicating that 90% of every dollar spent would remain within the U.S. supply chain [7] - Economic contributions are concentrated in congressional districts with investments in natural gas exploration, liquefaction activities, or businesses within the LNG export supply chain [8] Infrastructure and Price Impacts - The study highlights the potential benefits of removing infrastructure bottlenecks in the U.S. Northeast, where pipeline constraints have led to gas prices 15-40% higher than the national average [11] - Expanding Northeast exit capacity by 6 billion cubic feet per day could lead to significant consumer savings, exceeding the estimated $14 billion in capital costs for pipeline expansions, with projected reductions in gas prices of 20%-30% for Northeast markets [12][18]
S&P Global Commodity Insights Announces Opening Speakers and Agenda for FUJCON 2025
Prnewswire· 2025-03-05 11:00
Core Insights - The 14th International Fujairah Bunkering & Fuel Oil Forum (FUJCON 2025) will take place from April 7-9, 2025, focusing on the maritime fuels industry's outlook and sustainability [1][4] - The event is co-hosted by the Department of Industry & Economy, Government of Fujairah, and the Port of Fujairah, highlighting its significance in the bunkering and maritime industry [2] - Fujairah has enhanced its role as an energy hub through strategic investments, with bunker sales reaching 7.67 million cubic meters in 2024, a 1.8% increase from the previous year [3] Event Details - FUJCON 2025 will feature presentations from industry leaders and experts, with a theme centered on sustainable fuels [4] - Activities will include a training course on alternative fuels, local tours, and a ministerial address on April 8, covering various topics such as global trade patterns and bunker fuel fundamentals [5] - The final day will focus on bunker fuel quality, low carbon fuels, regulatory frameworks, and technological advancements in the shipping sector [6] Industry Support - The event is supported by major marine and bunkering brands, indicating strong industry collaboration [7]
S&P Global Inc. (SPGI) CEO Martina Cheung Presents at Raymond James' 46th Annual Institutional Investors Conference (Transcript)
Seeking Alpha· 2025-03-03 23:02
Company Overview - S&P Global is positioned at the core of decision-making processes in financial markets, commodity markets, and corporate supply chains, influencing strategies and day-to-day operations [3]. - The company operates through five divisions that provide clients with high-quality decision-making tools, including benchmarks, credit ratings, indices, price assessments, and extensive data and technology products [3]. Business Highlights - The company emphasizes its role in enabling clients to navigate markets and create strategies, showcasing its depth of data and advanced technology offerings [3].
S&P Global Market Intelligence expands RiskGauge and Credit Analytics solutions coverage to 400 million corporate entities including U.S. private entities
Prnewswire· 2025-03-03 13:30
Core Insights - S&P Global Market Intelligence has enhanced its RiskGauge and Credit Analytics solutions, expanding access to a database of over 400 million companies across more than 200 countries and territories, covering all major sectors and industries [1][6] - The enhanced solutions provide configurable and downloadable credit risk assessment reports, offering a comprehensive view of credit risk exposure [1][6] - The expansion aims to help organizations understand and mitigate credit risk, providing critical insights for navigating complex decisions in the global marketplace [2] Key Features - RiskGauge score combines financial, business, and market risk for over 400 million companies globally [6] - Comprehensive corporate information includes up-to-date company financials across both developed and developing markets [6] - An Early Warning Framework identifies potential credit risk deterioration and highlights economic and geopolitical hot spots [6] - Extensive workflow, data, and analytics features are available for both Non-Financial and Financial Corporates through Credit Analytics and RiskGauge Desktop platforms [6] - RiskGauge reports include detailed historical performance, financials, firmographics, and key developments [6] - Data quality assurance is ensured through automated data audits and robust quality checks [6]
S&P Global Mobility: February 2025 US auto sales to improve mildly
Prnewswire· 2025-02-27 19:17
S&P Global Mobility projects that February 2025 will realize a rebound from the slow January result, but new US vehicle sales face an unsettled environment. SOUTHFIELD, Mich., Feb. 27, 2025 /PRNewswire/ -- With volume for the month projected at 1.23 million units, February 2025 U.S. auto sales are estimated to translate to an estimated sales pace of 16.1 million units (seasonally adjusted annual rate: SAAR). This would be a step up from the 15.6 million unit pace of January 2025 and reflective of the volati ...
3 Reasons Why Growth Investors Shouldn't Overlook S&P Global (SPGI)
ZACKS· 2025-02-27 18:50
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...
40th World Petrochemical Conference to Discuss Outlook & Recovery For Global Chemical Markets
Prnewswire· 2025-02-27 12:05
Global forum to focus on 'Investing for Market Growth and A Low Carbon Future' HOUSTON, Feb. 27, 2025 /PRNewswire/ -- Celebrating 40 years of sharing unmatched market intelligence and convening top thinkers across the industry, the annual World Petrochemical Conference (WPC) by S&P Global returns to Houston from March 17 to 21, 2025, at the Marriott Marquis Hotel located downtown. At this gathering of more than 550 leading companies in the global chemical industry, more than 200 speakers and close to 1500 a ...