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Barrick Sets the Standard in Advancing United Nations’ Sustainable Development Goals
Globenewswire· 2025-05-19 13:15
Core Viewpoint - Barrick Mining Corporation is committed to sustainable development and economic growth, aligning its operations with the United Nations' Sustainable Development Goals (SDGs) for 2030 [1][2][4] Group 1: Sustainability Commitment - The 2024 Sustainability Report, titled "Beyond the Horizon," emphasizes Barrick's evolution into a leader in responsible mining since its merger in 2019, focusing on sustainability-driven growth and community empowerment [2][4] - Barrick has distributed over $100 billion in economic value to host countries through wages, local business support, and tax contributions over the past six years [4] - The company has invested more than $200 million in community-led projects, including schools, clinics, and sustainable farming programs, managed by local communities [4][6] Group 2: Environmental Initiatives - Barrick is recalibrating its greenhouse gas (GHG) emissions profile to align with its production base and aims for a Net Zero target by 2050 [5][6] - The company has introduced a new site-level SDG performance framework to track community-focused progress across various indicators such as clean water and healthcare [6][7] - In 2024, Barrick spent $7.1 billion with local suppliers, promoting local business growth and economic resilience [7] Group 3: Community Impact - Barrick's sustainability efforts are measured by real-world outcomes, such as reducing malaria in the DRC and improving maternal health in Pakistan [7] - The company has achieved a workforce composition where 97% of employees and 76% of senior site management are host country nationals [7] - Barrick has reused or recycled 85% of its water intake, with significant investments in solar and hydro energy projects in various countries [7]
Carbon Done Right Announces Non-Brokered Private Placement and Shares for Debt Settlement, and Provides Business Update
Globenewswire· 2025-05-13 00:15
Core Viewpoint - Carbon Done Right Developments Inc. is raising up to $100,000 through a non-brokered private placement to support its operations and projects globally [1][2] Group 1: Financial Activities - The company plans to issue common shares at a price of $0.015 per share as part of the offering [1] - The offering is expected to close around May 26, 2025, pending necessary approvals [4] - The company intends to settle $165,768 (US$120,000) of debt by issuing 11,051,200 common shares at the same price of $0.015 per share [6] Group 2: Project Developments - The company launched a new mangrove restoration project in Suriname, targeting up to 5,000 hectares of degraded land [2] - The flagship forest carbon restoration project in Sierra Leone was validated under Verra's new forest restoration protocol in December 2024 [3] - The company is seeking new partners for investment opportunities after an existing Offtaker declined to expand their investment [3] Group 3: Company Overview - Carbon Done Right focuses on nature-based carbon assets to meet the growing demand for carbon credits [7] - The company engages in the restoration and management of ecosystems to enhance greenhouse gas sequestration [7] - It operates in various jurisdictions, including Sierra Leone, Yucatan, Guyana, and Suriname, emphasizing environmental stewardship [7]
Aker Horizons announces merger with Aker and early repayment of NOK 2.5 billion green bond
Prnewswire· 2025-05-09 05:14
FORNEBU, Norway, May 9, 2025 /PRNewswire/ -- Aker ASA (Aker) and Aker Horizons ASA (Aker Horizons or AKH) today announce a merger (the Merger) whereby AKH's subsidiary, Aker Horizons Holding AS (AKH Holding), will merge with a subsidiary of Aker ASA (AKH MergerCo) against consideration in the form of shares in Aker ASA and cash to all shareholders in Aker Horizons (other than Aker Capital). Specifically, shareholders will receive 0.001898 shares in Aker ASA (subject to rounding as described below) and NOK 0 ...
NiSource(NI) - 2025 Q1 - Earnings Call Presentation
2025-05-07 12:22
Financial Performance & Growth - NiSource reaffirmed its 2025 adjusted EPS guidance of $1.85-$1.89[12] - The company projects an annual adjusted EPS growth of 6%-8% from 2025-2029[9, 12] - NiSource anticipates an 8%-10% rate base growth from 2025-2029[9] - The company is targeting a 14%-16% annual FFO/Debt through 2029[9, 12] - NiSource reported Q1 2025 GAAP net income available to common shareholders of $474.8 million, compared to $344.3 million in Q1 2024, an increase of $130.5 million[26] - Adjusted net income available to common shareholders for Q1 2025 was $462.3 million, up from $382.8 million in Q1 2024, representing a $79.5 million increase[26] - Adjusted earnings per share for Q1 2025 was $0.98, compared to $0.85 in Q1 2024, a $0.13 increase[26] Capital Investments & Funding - NiSource plans a base plan capital investment of $19.4 billion from 2025-2029[9, 12] - The company has an upside 5-year capital opportunity of $2.2 billion from 2025-2029, which is not included in the base plan[29] - The capital investment funding sources are projected to be 50%-55% from cash from operations, 35%-40% from net new debt, 6%-8% from equity, and 3%-5% from minority interest contribution[31] Strategic Initiatives - NiSource aims to achieve Net Zero emissions by 2040[9, 58] - The company is focused on building a constructive regulatory foundation, including rate case filings and approvals in various states[12, 19] - NiSource is prioritizing operational excellence through AI utilization and continuous improvement initiatives[12, 16]
Google agrees to fund the development of three new nuclear sites
CNBC· 2025-05-07 11:02
People take photos in front of a giant Google logo at Google's Bay View campus in Mountain View, California on Aug 13, 2024 where the "Made by Google" media event was held today. Nuclear developer Elementl Power said Wednesday it's signed an agreement with Google to develop three sites for advanced reactors. It's the latest example of tech giants teaming up with the nuclear industry in an effort to meet the vast energy needs of data centers. The company is currently technology agnostic, meaning it hasn't ye ...
Suncor Energy Reports Voting Results from Annual General Meeting
Newsfile· 2025-05-06 20:30
Core Points - Suncor Energy held its Annual General Meeting in Calgary, with approximately 70.29% of outstanding common shares represented [1] - The company is Canada's leading integrated energy company, involved in oil sands development, offshore oil production, petroleum refining, and renewable energy investments [3] Shareholder Votes - Eleven board members were elected, with voting percentages for individual directors ranging from 94.68% to 99.19% [5] - KPMG LLP was appointed as Suncor's auditors [5] - Management's approach to executive compensation was approved with 97.06% of shares voting in favor [5] - A resolution to commission a report on the impacts and costs of achieving Net Zero by 2050 was denied, with 98.50% voting against it [5]
Duke Energy(DUK) - 2025 FY - Earnings Call Transcript
2025-05-01 17:00
Financial Data and Key Metrics Changes - Duke Energy increased its capital plan to $83 billion over the next five years, one of the largest regulated plans in the industry [28] - The company reported a consistent annual growth rate of 5% to 7% and has paid a dividend for 99 consecutive years [30][42] Business Line Data and Key Metrics Changes - The company avoided over 2.3 million customer outages and more than 11 million hours of total outage time through grid improvements [29] - Duke Energy provided nearly $148 million in energy bill assistance, supporting over 210,000 households [30] Market Data and Key Metrics Changes - The company reported that all residential rates across its regions are below the national average [46] - The stock price has ranged from $100 to $120 per share over the last six months, which is considered affordable for small investors [44] Company Strategy and Development Direction - Duke Energy is focused on delivering value for customers and shareholders by investing in reliability, resiliency, and affordability [28] - The company is advancing new generation through integrated resource plans and plans to add five gigawatts of new natural gas generation by 2029 [32] Management's Comments on Operating Environment and Future Outlook - The CEO emphasized the pivotal moment for the industry, highlighting unprecedented growth potential and the importance of a growth mindset [27] - Management is committed to a flexible strategy that includes proven technologies like natural gas and nuclear, as well as emerging technologies [70] Other Important Information - The company has invested over $10 billion in grid resiliency and storm hardening over the last three years [34] - Duke Energy's nuclear facilities provide over 50% of the energy needs for the Carolinas and are the lowest cost generation asset [72] Q&A Session All Questions and Answers Question: When will be the next dividend increase? - The company is committed to growing the dividend, with historical increases occurring around the third quarter [42] Question: Is there any plans for a stock split in the near future? - Currently, there are no plans for a stock split, but the company will continue to evaluate this over time [44] Question: Why is Duke Energy repeatedly asking for price increases when service is questionable? - The company is focused on affordability and reliability, making substantial investments to modernize the grid [45] Question: Why do almost 50% of board members serve on multiple boards? - The board has a mix of industry and non-industry experience, which enriches deliberations and governance [48] Question: Why is it necessary to have so many members on the Board of Directors? - The board size aligns with industry standards and is necessary due to the complexity of the business [51] Question: Why do we give shares to executives and directors? - Compensation is structured to be market competitive, with a mix of cash and stock to align interests with shareholders [56] Question: Why was the program providing matching funds to retirees eliminated? - The company is focused on streamlining operations while still supporting communities through the Duke Energy Foundation [64] Question: Will you please stop all DEI activities? - The company values diversity and inclusion as a strength that benefits employees and customers [66] Question: How will management proceed if reaching net zero is unreasonably expensive? - The company will remain flexible and focus on reliability and affordability while exploring diverse resources [70] Question: How does nuclear power fit in with zero carbon energy generation? - Nuclear power is a vital asset, providing low-cost, reliable, and carbon-free energy, and the company aims to extend the lives of its nuclear plants [72]