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☆ Evergrande’s Hong Kong court ruling is big reprieve
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 4 (Reuters Breakingviews) - A Hong Kong court on Monday adjourned to next month a hearing over a petition for the liquidation of China Evergrande (3333.HK). It lobs the ball back to Beijing: the judge told Evergrande to hold direct discussion with “relevant authorities” on the revamped terms. Options are limited following the detention of the company’s Chair Hui Ka Yan in September on suspicion of unspecified crimes. It also defers a high-profile test on whether Hong Kong liquidation rulings over mainland companies would be implemented across the border more efficiently following the introduction of a limited mutual recognition pact in 2021. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Evergrande, Hui Ka Yan, Chan Ka, Neiman Marcus, Una Galani, Thomas Shum Organizations: Reuters, Hong, HK, X, Saks, Barclays, Thomson Locations: HONG KONG, Hong Kong, China, Beijing

☆ Guyana will stay alert after Venezuela vote on territorial dispute -VP
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +3 min

The U.S. State Department said on Monday it supports a peaceful resolution of the dispute and that the issue could not be solved by a referendum. Venezuelans on Sunday backed the rejection of ICJ jurisdiction over the dispute and the creation of a new state in Esequibo. Analysts have said the vote was an attempt by President Nicolas Maduro to gauge his government's support ahead of a 2024 presidential election. Maduro has assured Caribbean countries that he will not invade the region, Jagdeo said, but Guyana will not let its guard down. "A new era in the fight for our Guayana Esequiba has begun," he added, using the proposed name for the new Venezuelan state.

Persons: Nicolas Maduro, Jorge Rodriguez, Elvis Hidrobo Amoroso, Bharrat Jagdeo, Maduro, Jagdeo, Esequiba, Mayela Armas, Deisy, Julia Symmes Cobb, Richard Chang Organizations: Venezuelan National, Electoral Council, National Electoral Council, Justice's, International Court of Justice, U.S . State Department, Sunday, ICJ, Conference of, Guyanese, Thomson Locations: Venezuelan, CARACAS, Guyana, Esequibo, Venezuela, Dubai, Caracas, Bogota

☆ Guyana Will Stay Alert After Venezuela Vote on Territorial Dispute -VP
▼ + stars: | 2023-12-04 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +3 min

CARACAS (Reuters) - Guyana will remain vigilant after a Venezuelan referendum rejected an international court's jurisdiction over a territorial dispute between the neighboring countries, Vice-President Bharrat Jagdeo said on Monday. Bilateral tensions over the potentially oil-rich Esequibo region rose in recent weeks ahead of the five-question referendum, which Guyana unsuccessfully asked the International Court of Justice (ICJ) to bar. Venezuelans on Sunday backed the rejection of ICJ jurisdiction over the dispute and the creation of a new state in Esequibo. Maduro has assured Caribbean countries that he will not invade the region, Jagdeo said, but Guyana will not let its guard down. "A new era in the fight for our Guayana Esequiba has begun," he added, using the proposed name for the new Venezuelan state.

Persons: Bharrat Jagdeo, Nicolas Maduro, Maduro, Jagdeo, Esequiba, Mayela Armas, Deisy, Julia Symmes Cobb, Richard Chang Organizations: International Court of Justice, U.S . State Department, Sunday, ICJ, Conference of, Guyanese Locations: CARACAS, Guyana, Esequibo, Venezuela, Dubai, Venezuelan, Caracas, Bogota

☆ Venezuelans to vote in referendum on disputed territory with Guyana
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +3 min

[1/4] Venezuela's President Nicolas Maduro shows his ballot during a referendum over Venezuela's rights to the potentially oil-rich region of Esequiba in Guyana, in Caracas, Venezuela, December 3, 2023. REUTERS/Leonardo Fernandez Viloria Acquire Licensing RightsCARACAS/GEORGETOWN, Dec 3 (Reuters) - Venezuelans will vote on Sunday in a referendum backed by President Nicolas Maduro's government over a potentially oil-rich territory that is the subject of a long-running border dispute with Guyana. The five-question referendum includes a question rejecting International Court of Justice (ICJ) jurisdiction to decide to which country the territory around the Esequibo river belongs. On Friday, the court responded to a request from Guyana to halt the referendum, ordering Venezuela to refrain from taking any action that would alter the status quo, without expressly forbidding the vote. The Sunday vote has caused anxiety in Guyana, with the government urging citizens to keep calm.

Persons: Nicolas Maduro, Leonardo Fernandez Viloria, Nicolas Maduro's, Maduro, Ricardo Sucre, Benigno Alarcon, Andres, Rocio San, Kim Rampersaud, Vivian Sequera, Julia Symmes Cobb, Will Dunham Organizations: REUTERS, Rights, of Justice, Central University of Venezuela, Center for Political Studies, Andres Bello Catholic University, Kiana, Thomson Locations: Esequiba, Guyana, Caracas, Venezuela, Rights CARACAS, GEORGETOWN, Sucre, Rocio San Miguel, Georgetown, Brazil

Signing on to the pledge were major national oil companies such as Saudi Aramco, Brazil's Petrobras and Sonangol, from Angola, and multi-nationals like Shell, TotalEnergies and BP. The pledge is a “smokescreen to hide the reality that we need to phase out oil, gas and coal,” said a letter signed by more than 300 civil society groups. Still, Mena said that self-reporting didn't go far enough to push oil and gas companies to make changes. Earlier this year, European Union negotiators reached a deal to reduce methane emissions from the energy industry across the 27-member bloc. In his speech, al-Jaber said oil and gas companies needed to do more to research solutions to Scope 3 emissions.

Persons: Sultan al, Jaber, ”, Jean Su, Fred Krupp, Bill Hare, Hare, Marcelo Mena, Mena, John Podesta, Abu Dhabi’s ADNOC Organizations: United Arab Emirates, Associated Press, Abu Dhabi National Oil Co, Saudi Aramco, Brazil's Petrobras, Sonangol, Shell, Center for Biological Diversity, Environmental, Environmental Defense Fund, U.S . Environmental Protection Agency, European Union, Gas, United Arab, Aramco, AP Locations: DUBAI, United Arab, United Nations, Abu Dhabi, Saudi, Angola, COP28, al, fracking, philanthropies, Chile, U.S, United States, United Arab Emirates, Saudi Arabia

☆ World Court orders Venezuela to refrain from action in border dispute with Guyana
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

The court did not expressly forbid Venezuela to hold a planned Dec. 3 referendum over its rights to the region around the Esequibo river, the subject of the long-running border dispute, as Guyana has requested. However, judges at the International Court of Justice - as the World Court is formally known - made clear that any concrete action to alter the status quo should be stopped. "The court observes that the situation that currently prevails in the territory in dispute is that Guyana administers and exercises control over that area," presiding judge Joan Donoghue said. "Venezuela must refrain from taking any action which would modify that situation," she added. Venezuela reactivated its claim over the area in recent years after the discovery of offshore oil and gas.

Persons: Joan Donoghue, Nicolas Maduro, Irfaan Ali, Stephanie van den Berg, Bart Meijer, Kiana Wilburg, Alex Richardson Organizations: HAGUE, International Court of Justice, Thomson Locations: Essequibo, Esequiba, Guyana, Caracas, Venezuela, Georgetown

☆ Congestion Pricing Is Coming. Its Opponents Are Still Furious.
▼ + stars: | 2023-12-01 | by ( Ana Ley | More About Ana Ley | ) www.nytimes.com time to read: +1 min

Sarah M. Kaufman, the executive director of the Rudin Center for Transportation at N.Y.U., said that other cities with congestion pricing programs have usually experienced resistance from the public during its first six months in operation, but eventually support grows. Mr. Samuelsen said the fees, credits and exemptions being considered by the authority do not do enough to help drivers who cannot use transit or who cannot afford added costs. should drastically improve service before the launch of the congestion pricing program in order to encourage more people to ride subways and buses. has stubbornly and moronically stuck to its position that the status quo is adequate,” Mr. Samuelsen wrote in a statement. “As a result, we have a congestion pricing plan that is all stick and no carrot.”Congestion pricing could also drive up the authority’s debt.

Persons: Sarah M, Kaufman, they’ve, Ms, John Samuelsen, Samuelsen, moronically, Mr, Thomas P, DiNapoli Organizations: Rudin Center, Transportation, Transport Workers Union Locations: N.Y.U

☆ I'm a career coach who works with Millennials and Gen Z. The younger generation needs constant stimulation. Millennials just want stability.
▼ + stars: | 2023-11-30 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Alice Stapleton is a UK-based career change coach who works with both Gen Z clients and millennials. Stapleton told Business Insider that Gen Z workers are much more focused on flexibility and impact. AdvertisementThis as-told-to essay is based on a conversation with Alice Stapleton, a 41-year-old UK-based career change coach and host of The Career Change Diaries podcast. I'm a career change coach who predominantly works with people in their twenties, thirties, and early forties. Another difference is Gen Z is looking for diverse workplaces, whereas I get the sense that millennials prefer to be around like-minded people.

Persons: Alice Stapleton, Stapleton, —, I'm, I've, Gen, They're Organizations: Business, Service Locations: UK

☆ 'Sound of Freedom' studio looks to build on crowdfunding success with new film 'The Shift'
▼ + stars: | 2023-11-30 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Angel Studios is set to release "The Shift" this Friday. A relative newcomer to Hollywood, Angel Studios uses a Kickstarter-style method of generating funds. "Innovation and outside the box thinking has put Angel Studios on the map. "Sound of Freedom" isn't the only Angel Studios title to exponentially overperform its budget. A crowdfunding campaign in partnership with Angel Studios raised more than $1.2 million for prints and advertising costs.

Persons: Brock Heasley, Neal McDonough, America, Angel, Jim Caviezel, Covid, Paul Dergarabedian, Blumhouse Organizations: Angel, Hollywood, Angel Studios, Warner Bros

Activist investor Nelson Peltz and his firm are seeking more than two seats on Disney's board, according to a person familiar with the matter, setting the stage for a proxy fight. "Mr. Peltz, in partnership with Isaac Perlmutter, a former Disney executive, intends to take its case to shareholders. Mr. Perlmutter owns 78% of the shares that Mr. Peltz claims beneficial ownership of, or more than 25 million of the 33 million shares," Disney said in a statement. Disney shares are up about 6% this year, far underperforming the S&P 500. Peltz had earlier pushed for a seat on Disney's board after Trian took an approximately $800 million stake in Disney.

Persons: Nelson Peltz, Peltz, Disney, Trian, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza, Sir Jeremy Darroch, Ike Perlmutter, Bob Iger, Perlmutter, Isaac Perlmutter, Robert A, Iger, – CNBC's Alex Sherman Organizations: Trian Fund Management, Future Investment Initiative, Summit, Disney, Sky, Peltz, Disney's, CNBC Locations: Miami , Florida

Nov 30 (Reuters) - Activist investor Nelson Peltz is pushing ahead with plans to seek at least three board seats at Disney (DIS.N) as the firm is not satisfied with Disney CEO Bob Iger's changes, several people familiar with the matter said. During a conversation on Thursday morning with Iger, Disney extended an offer for Trian to meet with the company's board but rejected the activist shareholder's request for seats on a board that will soon have 12 members, Trian said in a statement. He wanted the company to come up with a better succession plan, overhaul the streaming business and cut costs. Early this year, Peltz aborted a board challenge to give Iger time to "right the ship." "If they’ve made significant progress," Gadson said of Disney, proxy advisers "are more likely to allow for time to complete the transformation."

Persons: Nelson Peltz, Bob Iger's, Trian, Iger, Peltz, Disney, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza, Patrick Gadson, Vinson, they’ve, Gadson, Samrhitha, Dawn Chmielewski, Bayliss, Mark Porter, Lisa Shumaker Organizations: Disney, Trian, ESPN, Sky, Companies, Exxon, Svea Herbst, Thomson Locations: Bengaluru, Dawn, New York, Providence

☆ Peltz's renewed fight for Disney board seats keeps pressure on CEO Iger to right the ship
▼ + stars: | 2023-11-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Activist investor Nelson Peltz's renewed fight for Disney (DIS) board seats is a positive for shareholders because he will push for a level of financial discipline that the company has lacked. Peltz's Trian Partners, a major Disney shareholder, said Thursday it will launch a new challenge to get board representation. As part of its release, Trian said the investment firm's Disney stake is currently worth roughly $3 billion. DIS YTD mountain Disney YTD Peltz will "keep the heat on Disney and this is a positive for us as shareholders," Jim said Thursday while urging new Club members to "buy Disney right here, right now." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Nelson Peltz's, Peltz's Trian, Trian, Jim Cramer, Trian's, Ike Perlmutter, Perlmutter, Morgan Stanley, James Gorman, Sir Jeremy Darroch, Gorman, he's, Jim, Peltz, Jim —, Iger, we're, We're, Jim Cramer's, Nelson Peltz, Marco Bello Organizations: Disney, Peltz's Trian Partners, Marvel, Sky, CNBC, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Getty Locations: Miami , Florida

WELLINGTON, New Zealand (AP) — New Zealand’s new prime minister plans to ban cellphone use in schools and repeal tobacco controls in the ambitious agenda he released Wednesday for his first 100 days in office. Christopher Luxon outlined 49 actions he said his conservative government intended to take over the next three months. Many of the actions in the 100-day plan involve repealing initiatives from the previous liberal government, which had been in office for six years. Political Cartoons View All 1270 ImagesMany of the plans are proving contentious, including the one to repeal tobacco restrictions approved last year by the previous government. Those included requirements for low nicotine levels in cigarettes, fewer retailers and a lifetime ban for youth.

Persons: Christopher Luxon, Luxon, ” Luxon, Critics Organizations: Health Authority Locations: WELLINGTON, New Zealand

☆ Marvel actor Jonathan Majors wins fight to keep potentially reputation-damaging information hidden from the public ahead of his domestic violence trial
▼ + stars: | 2023-11-29 | by ( Janon Fisher | ) www.businessinsider.com time to read: +4 min

Jonathan Majors wins fight to keep potentially reputation-damaging information from the public. AdvertisementA Manhattan judge ruled Wednesday that potentially reputation-damaging information about Marvel actor Jonathan Majors will remain under seal on the eve of his domestic violence trial. According to Jabbari, Majors pried back and broke her finger in an attempt to regain control of his phone. AdvertisementJonathan Majors and Meagan Good inside Manhattan Criminal Court on Nov. 29, 2023 to attend his domestic violence trial. Wednesday afternoon, the judge is expected to hear arguments on the potentially reputation-damaging information and decide on its admissibility.

Persons: Jonathan Majors, —, Priya Chaudhry, Majors, Lovecraft, Michael Gaffney, Rolling Stone, Grace Jabbari, Alan Chin, Jabbari, pried, Chaudhry, Meagan, Kelli Galloway, Galloway Organizations: Service, Marvel, London Metropolitan Police, NYPD, Majors, Manhattan District, Attorney, Associated Press Locations: Chinatown, British, Jabbari

☆ Research unveils gruesome history of Tasmanian tiger skins in British museum’s collection
▼ + stars: | 2023-11-29 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

Warning: This article contains disturbing descriptions about the practices of colonial settlers in Tasmania and violence against Tasmanian Aboriginal peoples. “In all, Allport shipped five Tasmanian Aboriginal skeletons to Europe, proudly identifying himself as the most prolific trader in Tasmanian bodily remains,” according to the study. The colonial government allowed settlers to murder Tasmanian Aboriginal people without punishment and, in 1830, even established a bounty for the capture of Indigenous humans and Tasmanian tigers, or thylacines. Some Aboriginal Tasmanian people did survive colonial persecution, Ashby added, though at brutal costs. Their descendants make up today’s Tasmanian Aboriginal community, Ashby said.

Persons: Jack Ashby, Morton Allport, Allport, Ashby, It’s, ” Ashby, Mortan Allport, ”, incentivized Allport, William Lanne, William Crowther, Crowther, Truganini, thylacines, “ We’re, Rebecca Kilner, ” Kilner Organizations: Tasmanian Aboriginal, CNN, Cambridge University’s Museum of Zoology, Tasmanian, Allport Library, Museum of Fine Arts, State, of, Royal Society of Tasmania, Royal Society, British Museum, University Museum of Zoology, Cambridge, University of Cambridge Grappling Locations: Tasmania, United Kingdom, Europe, Belgium, of Tasmania, Great Britain, London, Bass, ”, Brussels, Tasmanian, Cambridge

If the organization fails to remove the cats within six months, the park service said it would hire a removal agency. “All visitors will benefit from the removal of a potential disease vector from the park,” the park service plan stated. “These cats are unique to San Juan,” Danna Wakefield, a solar contractor who moved to Puerto Rico in 2020, said in an interview. The U.S. Park Service plan unveiled Tuesday calls for current cat feeding stations to be removed unless they’re being used temporarily to help trap the felines. The National Park Service noted that the six-month deadline to trap cats could be extended if it sees substantial progress.

Persons: Ana María Salicrup, ” Salicrup, “, El, San Juan Mayor Felisa Rincón de Gautier, ”, ” Danna, ” Wakefield, they’ll, that's, Salicrup, ’ ” Organizations: JUAN, U.S . National Park Service, San Juan, Historic, San Juan Mayor, U.S . Park Service, National Park Service Locations: Puerto Rico, Puerto Rico’s, Old San Juan ., El Morro, San Juan, Gato, Old San Juan, ” Danna Wakefield, U.S

Most hybrid workers (55%) say paying employees more for their in-office work would provide “a lot” of encouragement for them to work in-person more often. Additional pay topped the list across respondents whether they were working in-person, remotely (44%) or in hybrid (50%) roles. Regardless, many U.S. employees have returned to in-person work, or had never left. Most paid employees report that they work in person per NORC's survey, and three-quarters of those in-person employees say they are required by their employer to do so. The number of people working remotely has fallen significantly since the peak of COVID-19 — but is still far higher than pre-pandemic levels.

Persons: — Justin Ryan Horton, he's, Horton, “ I'm, ” Horton, NORC, ” Marjorie Connelly, Megan Homis, Homis, ” Homis, Bill Castellano, ” Castellano, Connelly, I’m, ”, “ Organizations: Workers, University of Chicago, NORC’s Public Affairs & Media Research, Associated Press, Rutgers School of Management, Labor Relations, “, Pew Research Center, U.S . Bureau of Labor Statistics Locations: Colorado Springs, Southern California

☆ Foxconn is still running with difficult status quo
▼ + stars: | 2023-11-27 | by ( Chan Ka Sing | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 27 (Reuters Breakingviews) - Terry Gou is not running for Taiwan’s presidency after all. Nonetheless, the $45 billion Apple (AAPL.O) supplier’s continuing push to move production outside of China leaves it firmly on frontlines of rising cross-strait tensions. Foxconn grew into the biggest employer in China, with more than 1 million workers at its peak and a top contract manufacturer for global brands. Foxconn is out of the election spotlight but it still has to grapple with an awkward status quo. CONTEXT NEWSTerry Gou, the billionaire founder of electronics maker Foxconn, announced on Nov. 24 that he will be withdrawing from Taiwan’s presidential election next month.

Persons: Terry Gou, Critics, Foxconn, Una Galani, Thomas Shum Organizations: Reuters, Apple, Democratic Progressive Party, DPP, KMT, Hai Precision Industry, World Trade Organization, Reuters Graphics, China -, Foxconn, Taipei Times, Thomson Locations: HONG KONG, China, Washington, Beijing, Taiwan, Kuomintang, Taipei

☆ Snowfall is changing across the globe, new maps show
▼ + stars: | 2023-11-25 | by ( Manav Tanneeru | Eric Zerkel | ) edition.cnn.com time to read: +8 min

CNN —Snowfall is declining globally as temperatures warm because of human-caused climate change, a new analysis and maps from a NOAA climate scientist show. There has already been a 2.7% decline in annual global snowfall since 1973, according to Brettschneider’s analysis of data from the European Union’s Copernicus Climate Change Service. The increase in snowfall in the Northeast seen on the maps illustrates the complicated nature of changing precipitation patterns with climate change, scientists told CNN. “Even though the total snowfall trend was positive, the days per year with snowfall trend is negative,” Brettschneider told CNN. Managing water with less snowUnderstanding the implications of less snowfall on the global water supply is far more complicated than simply saying less snow falling means less available water, Mankin said.

Persons: ”, Brian Brettschneider, ” Snow, Justin Mankin, haven’t, ” Mankin, Jessica Lundquist, Lundquist, ” Lundquist, ” Brettschneider, Brettschneider, Mankin, “ Organizations: CNN, NOAA, Northeast, National Weather Service, Dartmouth College, University of Washington Locations: Alaska, Northern, California, American, “ California, snowpack, South Asia, Spain, Italy, Greece, North Africa, Morocco

☆ Oil-and-Gas Companies Account for Only 1% of Clean-Energy Investment Globally, IEA Says
▼ + stars: | 2023-11-24 | by ( Giulia Petroni | ) www.wsj.com time to read: +4 min

Less than half of oil-and-gas output globally comes from companies that have set targets to reduce emissions from operations, the IEA said. In addition, cutting emissions from oil-and-gas companies’ operations and energy usage is “one of the cheapest options to reduce GHG [greenhouse gases] emissions generally,” the IEA said. As of today, less than half of oil-and-gas output globally comes from companies that have set targets to reduce emissions from operations, the IEA said. Total energy investment is estimated at $2.8 trillion in the current year, with around $1.8 trillion on clean energy and $1 trillion on oil, gas and coal. In its net-zero scenario, the IEA forecasts annual fossil fuel investment dropping by $500 billion to 2030 and clean-energy investment increasing by more than $2 trillion.

Persons: turar, Fatih Birol, “, ” Birol, Giulia Petroni Organizations: Reuters, United Arab, International Energy Agency, IEA, giulia.petroni@wsj.com Locations: United Arab Emirates, decarbonization, Paris

☆ Opinion: Shopping for perfume is returning to its roots
▼ + stars: | 2023-11-24 | by ( Opinion Elena Sheppard | ) edition.cnn.com time to read: +4 min

The new protocol involves perfume samples on display and a salesperson on call to retrieve the item should a patron want to purchase. The company told CNN the change was implemented because perfumes and colognes were among the most frequently shoplifted items in Sephora stores, and shoplifting numbers were trending higher. At Sephora, consumers could handle the product themselves, wandering the aisles and filling up shopping baskets like they were at the supermarket. Returning to a different perfume shopping model is a bit of a return to the status quo of an earlier era. Previous generations did more interfacing with salespeople in stores, particularly for items like perfume, and perhaps we should too.

Persons: Elena Sheppard, ”, Sephora, schtick, Charley Gallay, I’m eyeing Organizations: Cuban, Martin’s Press, CNN, New York Times Locations: St, cologne, Sephora

A flexible tube for CO2 is pictured at a a pilot project for carbon capture and storage (CCS). REUTERS/Hannibal Hanschke Acquire Licensing RightsNov 23 - Carbon capture and underground storage (CCUS) is touted by proponents of fossil fuel production and consumption as the technology that will keep oil and gas in the global energy mix. The IEA produced some sobering numbers in its report, The Oil and Gas Industry in Net Zero Transitions. While the IEA said more than $3 billion was invested in CCUS projects in 2022, only 5% of the ventures have reached final investment decisions, representing only 10 million metric tons of carbon capture and 20 million of storage. There is little doubt that the oil and gas industry will learn from experience and get better at doing CCUS.

Persons: Hannibal Hanschke, CCUS, Muralikumar Organizations: REUTERS, International Energy Agency, IEA, and Gas Industry, Chevron, Reuters, Thomson Locations: Chevron's, Western Australia

☆ Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says
▼ + stars: | 2023-11-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. The oil and gas industry needs to let go of the "illusion" that carbon capture technology is a solution to climate change and invest more in clean energy, the head of the International Energy Agency said Thursday. Just 1% of global investment in clean energy has come from oil and gas companies, according to Birol. The industry needs to face the "uncomfortable truth" that a successful clean energy transition will require scaling back oil and gas operations, not expanding them, the IEA chief wrote. One of the major pitfalls in the energy transition is excessive reliance on carbon capture, according to the report.

Persons: Fatih Birol, Birol, Hess Organizations: Chevron Corp, International Energy Agency, United Nations, IEA, Exxon Mobil, Chevron, Shell, BP, Exxon, Resources Locations: Barrow Island, Australia, Dubai

[1/3] Hsiao Bi-khim, vice presidential candidate for Taiwan's Democratic Progressive Party (DPP) and former envoy to the United States, speaks to the media during a press conference in Taipei, Taiwan November 23, 2023. The opposition Kuomintang (KMT) and Taiwan People's Party (TPP) had previously agreed to work together against the ruling DPP but have made no progress on plans for a united presidential ticket. Lai and Hsiao, on the other hand, with a united party behind them, are moving ahead smoothly with their campaign. Their disagreement has gripped Taiwan for the past week, and both parties have insisted they still want to work together. At the Taipei hotel, Gou's campaign set up a digital clock counting down to Friday's election registration deadline of 0930 GMT.

Persons: Hsiao, Ben Blanchard, Lai Ching, Terry Gou, Lai, It's, Gou, Ko Wen, Hou Yu, Huang Shih, Huang, Yimou Lee, Sarah Wu, Jacqueline Wong, Robert Birsel Organizations: Taiwan's Democratic Progressive Party, REUTERS, Rights, Democratic Progressive Party, DPP, Kuomintang, KMT, Taiwan People's Party, TPP, ih, Thomson Locations: United States, Taipei, Taiwan, Rights TAIPEI, China, United, Beijing, Taiwan Strait

☆ OpenAI had a confusing week. Who came out on top? And who lost out?
▼ + stars: | 2023-11-22 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

But in other ways, the agreement is still a watershed moment for OpenAI and the artificial intelligence field writ large. Who came out on topSam Altman: A clear winner in the whole debacle is, of course, Altman himself. With some of the apparent architects of Altman’s ouster being pushed out themselves, a casualty of the affair may be the perspectives that those board members espoused. Emmett Shear, whom the board named OpenAI’s interim CEO for all of two days, has also expressed similar worries. In the fallout of the leadership crisis, some have argued that the outcome is also a defeat for effective altruism, the movement with which some OpenAI board members are said to be affiliated.

Persons: Sam Altman, Altman, bungled, that’s, Satya Nadella, OpenAI, Nadella, we’re, ” Nadella, Bret Taylor, Larry Summers, Nathan Laine, Hollie Adams, Taylor isn’t, He’s, Elon Musk, Summers, Who, OpenAI’s, Gabby Jones, Emmett Shear Organizations: CNN, Microsoft, Bloomberg, Getty, Facebook, Twitter, Harvard University Locations: OpenAI, Brooklyn, New York

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