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Carbon Done Right Announces Shares for Debt Settlement
Globenewswire· 2025-07-02 21:01
Core Viewpoint - Carbon Done Right Developments Inc. has successfully completed a shares for debt settlement, converting $172,487.50 (US$125,000) of debt into equity to preserve cash for working capital [1][2]. Company Overview - Carbon Done Right is a provider of high-quality carbon credits sourced from afforestation and reforestation projects, focusing on meeting the growing demand for carbon credits from companies aiming for Net Zero goals [1][3]. - The company operates nature-based carbon assets and invests in the exploration, restoration, and management of terrestrial and marine ecosystems to enhance greenhouse gas sequestration [3]. Financial Settlement - The company issued 11,499,166 common shares at a deemed price of $0.015 per share to settle the debt, which was related to a promissory note from 2024 [2]. - The shares issued will be subject to a four-month hold period from the issuance date [2].
CVW CleanTech Announces Results of Key AGM Voting Items
Newsfile· 2025-07-02 12:18
Core Points - CVW CleanTech Inc. announced that shareholders approved key resolutions at the annual general and special meeting, including an Industry Classification Change, Name Change, and an Equity Incentive Plan [1][2][4] Industry Classification Change - The Company received shareholder approval to change its listing status from a "technology issuer" to an "investment issuer," which has been finalized by the TSX Venture Exchange [2][3] - This change will provide the Company with greater flexibility in structuring investments and streamline regulatory approvals for future transactions, supporting its royalty diversification strategy [3] Name Change - Shareholders approved a resolution to change the Company's legal name to "CVW Sustainable Royalties Inc." The change is expected to take effect shortly, with the ticker symbol remaining unchanged [4][6] Equity Incentive Plan - The Company adopted a 10% rolling equity incentive plan, which was approved by shareholders. Details of the plan can be found in the Management Information Circular [5]
Carbon Done Right Announces Closing of $120,000 Non-Brokered Private Placement
Globenewswire· 2025-06-30 15:45
Core Viewpoint - Carbon Done Right Developments Inc. has successfully closed a non-brokered private placement, issuing 8,000,000 shares at $0.015 per share, resulting in gross proceeds of $120,000 [1] Group 1: Private Placement Details - The private placement includes a related party transaction, with 4,000,000 units subscribed by related parties [2] - The proceeds from the offering will be used for continued investment in operations and corporate support for the Company's projects globally [3] - The private placement is subject to closing conditions, including necessary approvals from the TSX Venture Exchange, and no finders' fees were paid [4] Group 2: Company Overview - Carbon Done Right is focused on providing high-quality carbon credits from afforestation and reforestation projects, addressing the growing demand for carbon credits from companies aiming for Net Zero goals [6] - The Company engages in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration [6] - Carbon Done Right operates in various jurisdictions, including Sierra Leone, Yucatan, Guyana, and Suriname, under different arrangements with government engagement [6]
EQT Releases 2024 ESG Report, "Promises Made, Promises Delivered"
Prnewswire· 2025-06-24 15:27
Core Insights - EQT Corporation has achieved a significant milestone by becoming the world's first large-scale traditional energy company to reach net zero Scope 1 and Scope 2 greenhouse gas emissions, as highlighted in its 2024 ESG Report [1][2][6] Environmental - EQT has reduced Scope 1 GHG emissions by 67% for historical production assets since 2018, surpassing its 2025 goal [6] - The company increased the percentage of produced water recycled from 81% in 2019 to 96% in 2024 [6] - EQT achieved a Scope 1 methane emissions intensity of 0.0070%, significantly below its 2025 target of 0.02% [6] - The company received a first-place award from the West Virginia Department of Environmental Protection for site reclamation efforts in 2023 [6] - EQT partnered with the West Virginia Division of Natural Resources for a nature-based carbon sequestration project across over 400,000 acres [6] - The company was awarded a "Gold Standard" rating by the United Nations' Oil & Gas Methane Partnership for its methane reduction efforts [6] - EQT expanded the Appalachian Methane Initiative, utilizing over 15,000 aerial surveys to measure emissions [6] Economic Impact - In 2024, EQT generated approximately $4 billion in gross domestic product (GDP) and $776 million in indirect GDP through ancillary business activities [6] - The company paid over $665 million in royalties to local landowners in 2024 [6] - EQT supported around 20,764 ancillary jobs and invested nearly $70 million in local communities through philanthropic efforts [6] - Employees volunteered over 19,000 hours in local communities during 2024 [6] Governance - EQT's executive compensation is linked to ESG performance, with 20% of Short-Term Incentive Plan funding tied to environmental, health, and safety performance for 2024 [11] - The company maintains a "AA" ESG Rating from MSCI in 2024 [11] - Half of EQT's directors are racially, ethnically, or gender diverse [11] - EQT is a member of the Oil and Gas Decarbonization Charter and engages in international climate conversations through the World Economic Forum [11]
Equinor Secures UK Floating Wind Leases in Celtic Sea Push
ZACKS· 2025-06-20 14:51
Core Insights - Equinor ASA (EQNR) and joint venture Gwynt Glas have secured rights to develop floating wind farms in the Celtic Sea, marking a significant advancement in the UK's clean energy initiatives [1][2][4] Group 1: Project Details - EQNR and Gwynt Glas will develop 1.5 GW of floating wind capacity each, with a total of 3 GW, under leases from The Crown Estate [2][9] - The annual lease fee is set at $470 per megawatt, approximately £350 per MW, contributing to a broader initiative for up to 4.5 GW of floating wind generation in the Celtic Sea [2][9] - The projects are expected to power over four million homes, showcasing their potential impact on energy supply [2][9] Group 2: Economic Impact - The floating wind farms are anticipated to attract over £1 billion in investment and create thousands of jobs, particularly benefiting local supply chains and port infrastructure [5][9] - The Crown Estate plans to announce a third project to utilize the remaining 1.5 GW of capacity by September 2025, indicating ongoing development in the sector [3][6] Group 3: Strategic Importance - Equinor views this project as a long-term strategic investment, emphasizing the scalability and flexibility of the seabed lease in deeper waters, which is crucial for meeting the UK's net-zero targets [4][6] - The announcement signifies the start of a long-term industrial buildout, with potential for an additional 4-10 GW of floating wind capacity in the Celtic Sea by the end of the decade [6]
Southern Company(SO) - 2025 FY - Earnings Call Transcript
2025-05-21 15:00
Financial Data and Key Metrics Changes - Southern Company reported strong financial results for FY 2024, with significant investments in infrastructure and a commitment to delivering clean, safe, reliable, and affordable energy [44][45] - The company approved an 8¢ per share increase in its annual common stock dividend, marking the 78th consecutive year of dividend payments equal to or greater than the previous year [53] Business Line Data and Key Metrics Changes - The regulated electric utilities invested nearly $4 billion in transmission and distribution infrastructure across Alabama, Georgia, and Mississippi [46] - Southern Power expanded its operational footprint to 15 states with the commercial operation of its 30th solar site [46] Market Data and Key Metrics Changes - The economic development pipeline from large electricity load customers represents over 50 gigawatts of potential incremental load by the mid-2030s, driven by robust economic development in the Southeastern service territory [47] - Average annual sales growth is projected at approximately 8% from 2025 through 2029, an increase of 2% from prior long-term sales growth expectations [48] Company Strategy and Development Direction - Southern Company is focused on sustainability and innovation, exploring solutions such as carbon capture, advanced nuclear technologies, renewable natural gas, and energy storage [49] - The company aims to enhance its grid resilience and efficiency through investments in advanced technologies and distributed energy resources [75][76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet future energy demands while maintaining affordability for customers [49][81] - The company is prepared for challenges posed by climate-related events and is committed to improving customer experience through energy efficiency programs [70][72] Other Important Information - Southern Company faced significant challenges during FY 2024, including responding to Hurricane Helene, which required rebuilding sections of the power grid [51] - The company emphasized its commitment to transparency and sound governance in response to shareholder proposals regarding fossil fuel investments and civil liberties [22][34] Q&A Session Summary Question: How are members of the board of directors selected for nomination? - Stockholders may nominate a person for election as a director if they own at least 3% of outstanding shares for three years [56] Question: Why do we give shares to executives and directors? - The compensation structure aligns executive interests with stockholders, and equity compensation has a minimal dilutive effect [58][59] Question: Will Southern Company include scope three emissions in its decarbonization goals? - Southern Company does not have direct control over scope three emissions but is working on reducing them through various initiatives [60][62] Question: How is Southern Company addressing data center demand for additional power generation? - The company projects 8% annual load growth and has commitments for over 10 gigawatts from data centers and industrial projects [64][66] Question: What is the company's approach to energy efficiency for older houses? - Southern Company emphasizes energy efficiency programs to help customers reduce their energy bills and improve system efficiency [70][72] Question: What is the outlook for distributed energy resources and grid enhancements? - The company is investing in advanced grid technologies and has a robust portfolio of customer programs to improve system efficiency [75][76] Question: What potential impacts might be from tariffs? - Southern Company does not expect a material impact from tariffs due to its strong vendor relationships and existing project contingencies [78]
Barrick Sets the Standard in Advancing United Nations' Sustainable Development Goals
GlobeNewswire News Room· 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," highlights 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 to ensure they meet real needs [4]. Group 2: Environmental Initiatives - Barrick is recalibrating its greenhouse gas (GHG) emissions profile and reduction roadmap to align with its expanding production base, aiming 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, education, and healthcare [6][7]. - Barrick's commitment to sustainability is reflected in its operational practices, with 85% of its water intake being reused or recycled, and significant investments in renewable energy projects in multiple countries [7]. Group 3: Economic Impact - In 2024, Barrick spent $7.1 billion with local and in-country suppliers, contributing to local business growth and economic resilience [7]. - The company emphasizes that 97% of its employees and 76% of senior site management are host country nationals, reinforcing its commitment to local community development [7].
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
Core Viewpoint - Aker ASA and Aker Horizons ASA are merging, with Aker Horizons Holding AS merging into Aker ASA's subsidiary, Aker MergerCo, providing shareholders of Aker Horizons with shares in Aker ASA and cash as consideration [1][10]. Group 1: Merger Details - The merger will provide Aker Horizons shareholders with 0.001898 shares in Aker ASA and NOK 0.267963 in cash for each share owned in Aker Horizons, based on a 30-day volume weighted average share price [1][10]. - The merger is expected to be completed in the third quarter of 2025, subject to certain conditions including shareholder approval and third-party consents [1][14]. - Aker Horizons will distribute shares in AKH Holding as a dividend in kind to its shareholders prior to the merger completion [3]. Group 2: Financial Implications - Aker Horizons has decided to redeem its NOK 2.5 billion Green Bond at a call price of 100.37% of par, utilizing existing cash reserves, which will reduce future cash interest costs [4]. - The merger is a strategic response to significant market uncertainty and funding challenges faced by Aker Horizons, which has substantial debt maturing in the next 12 months [5][6]. - Aker ASA will settle the merger consideration using treasury shares and/or new shares issued under board authorizations [11]. Group 3: Future Strategy - Post-merger, Aker ASA aims to manage the value of AKH Holdings' investments, focusing on key areas such as South Africa, Australia, and potential data center developments in Narvik [7][9]. - The Board of Aker Horizons will define the future strategy and structure following the merger completion [9]. - The merger reflects a need to adapt to a changed market environment, particularly in green energy and industrial markets, which have made capital raising more challenging [8].