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"Some companies have told us their estimations of their nature risk are larger than their climate risks." The guidelines aim to get companies to report their nature risks in ways that mirror their financial and economic reporting that for decades have been part of regular corporate operations. Both the climate and nature frameworks urge companies to choose appropriate indicators to measure, monitor and report their risks. Climate and nature-related risks are often closely connected, Goldner said. The 14 recommendations launched on Monday include describing nature-related risks and opportunities to business models, and explaining management's role in assessing and handling them.
Persons: Jack Bertenthal, Loren Elliott, Tony Goldner, Goldner, Isla Binnie, Timothy Gardner Organizations: Tahoe Community College, Research, REUTERS, Bank, KPMG, BlackRock, HSBC, Tata Steel, United Nations, Thomson Locations: Blodgett, Georgetown , California, U.S
[1/2] Aerial view of highway 101 and San Francisco's skyline in San Francisco, California, U.S., October 28, 2021. The State senate approved the bill mandating greenhouse gas emissions disclosure last week, leaving Newsom with the final say. Asked at the start of "Climate Week" in New York, a week of events coinciding with the U.N. General Assembly, whether he would sign the bill, Newsom replied: "Of course I will sign that bill." Multinational companies including Apple (AAPL.O) and Microsoft (MSFT.O) have voiced support for the bill, but the California Chamber of Commerce said it would increase costs and paperwork for firms. Last week, California sued major oil companies, alleging they had played down the risks posed by fossil fuels.
Persons: Carlos Barriaof, Gavin Newsom, Newsom, Isla Binnie, Diane Craft Organizations: REUTERS, Microsoft Corp, General Assembly, Securities, Exchange Commission, Apple, Microsoft, California Chamber, Commerce, Thomson Locations: Francisco's, San Francisco , California, U.S, California, New York
Nicole Musicco Chief Investment Officer, CalPERS, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 3, 2023. REUTERS/Mike Blake Acquire Licensing RightsNEW YORK, Sept 15 (Reuters) - The Chief Investment Officer of the largest U.S. state pension manager, the California Public Employees Retirement System (CalPERS), will step down on Sept. 29, CalPERS said in a statement on Friday. CalPERS said Musicco's deputy Dan Bienvenue will serve as interim chief investment officer and it will soon start a global search for her replacement. Musicco took the role overseeing a 400-strong investment office less than two years ago, in February 2022, according to CalPERS website. The post added that she has two children and a "large, multigenerational family" and has "been shuttling between Sacramento and her native Toronto to attend to pressing matters".
Persons: Nicole Musicco, Mike Blake, CalPERS, Dan Bienvenue, Musicco, I've, Isla Binnie, David Evans Organizations: Milken, Global Conference, REUTERS, California, Thomson Locations: Beverly Hills , California, U.S, Toronto, Canada, Sacramento
The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. loadingWiener's bill would require public and private companies with annual revenue in excess of $1 billion who do business in traditionally climate-conscious California to disclose independently verified data on their planet-warming emissions. "Thank you, Apple, for making clear that this is doable (and) a critically important piece of climate action," Wiener wrote. A separate bill under discussion would require companies operating in California, with $500 million in revenue, to report on climate-related financial risks such as whether they have budgeted for increased compliance and insurance costs. In its letter to Wiener, Apple commends his bill's attempt to require companies to measure and report indirect emissions linked to their supply chains and end-users, known as Scope 3.
Persons: Yves Herman Acquire, we've, Michael Foulkes, Scott Wiener, Wiener, Apple, Isla Binnie, Aurora Ellis Organizations: Apple, REUTERS, California Senate, Adobe, Ikea, Microsoft, Thomson Locations: Brussels, Belgium, California
This is because blast furnaces operate around the clock and need more workers. Goncalves is also betting that producing iron ore in-house for blast furnaces, rather than sourcing scrap steel for electric arc furnaces, will give Cliffs a competitive edge. While a few carmakers use aluminum for automotive bodies, most prefer high-grade steel from blast furnaces. Cliffs' devotion to blast furnaces, which are unionized unlike some electric arc furnaces, won it the support of United Steelworkers. The union's international president Thomas Conway said it's backing Cliffs' bid for U.S. Steel because of Goncalves' commitment to blast furnaces.
Persons: Lawrence Bryant, Lourenco Goncalves, Goncalves, Josh Spoores, Donald Trump, Phil Gibbs, Thomas Conway, Joe Biden's, Isla Binnie, Bianca Flowers, Greg Roumeliotis, Daniel Wallis Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Cliffs Inc, U.S, U.S . Steel Corp, AK Steel, CRU Group, Steel Dynamics, Steel, Reuters, United Steelworkers, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, CHICAGO, United States, Cleveland, North America, Asia, Toledo , Ohio, New York, Chicago
The United Nations headquarters building is pictured though a window with the UN logo in the foreground in the Manhattan borough of New York August 15, 2014. Canada said it would put in 200 million Canadian dollars ($147.20 million) and the United Kingdom contributed 10 million pounds ($12.60 million). Campaign group Avaaz said the Global Biodiversity Framework Fund needed $200 million from at least three donors by December to be considered operational. "Surely donors can come up with the paltry $40 million" needed to get the fund up and running. Framework Convention on Climate Change which has provided more than $23 billion to thousands of projects in the past 30 years.
Persons: Carlo Allegri, David Cooper, Avaaz, Oscar Soria, Gloria Dickie, Isla Binnie, David Gregorio Our Organizations: United Nations, UN, New York, REUTERS, Biological Diversity, Nations, Global Environment, Thomson Locations: Manhattan, New, Vancouver, Canada, United Kingdom, Kunming, Montreal, London, New York
B REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies BlackRock Inc FollowAug 23 (Reuters) - Top asset manager BlackRock on Wednesday reported a further decline in its support for shareholder resolutions on environmental and social themes, citing corporate progress on the areas and poor crafting of the measures by filers. In an annual stewardship report being released with the end of the 12-month corporate annual meeting cycle on June 30, New York-based BlackRock said it supported 7% of 399 shareholder proposals on environmental and social issues. In the newest report BlackRock said many of the measures called for changes that would not be helpful to companies in its funds. Data has previously shown investor support slipping for many resolutions, and as companies strike compromises with activists. BlackRock has been under fire from conservative U.S. politicians who say it has over-emphasized sustainability issues, citing past proxy votes.
Persons: Shannon Stapleton, BlackRock, Ross Kerber, Isla Binie, Simon Jessop, Sonali Paul Organizations: REUTERS, BlackRock, filers, Thomson Locations: BlackRock, New York, U.S, Boston, London
When selling a movie about raunchy talking dogs, it helps to have some star power to get moviegoers into seats. And “Strays,” which opened Friday, has it — at least on the screen. “Strays,” which had a budget of $46 million, is one of four movies that opened widely across the country this weekend. (The studio’s previous R-rated comedy that paired raunchy material with family-friendly characters, “Good Boys,” opened in 2019 to $21 million. “Cocaine Bear,” also from Universal, had a far more robust opening, $23 million, back in February.)
Persons: Will Ferrell, Jamie Foxx, Randall Park, Isla Fisher, Dylan Dreyer, Australian Shepherd, , Organizations: Universal Pictures, Universal Locations: Australian
Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, U.S., May 29, 2020. Invenergy said in a statement it agreed to sell tax credits worth $580 million to Bank of America, and put those funds towards buying 14 projects from American Electric Power (AEP.O). It "creates a financeable transferability product that will be used to scale the growth of renewable energy," Fang said. Analysts at investment bank Credit Suisse have estimated the IRA could lead to the generation of tax credits worth $576 billion by 2031. Private equity firm Blackstone has invested around $4 billion in Invenergy.
Persons: Bing Guan, Joe Biden's, Invenergy, Karen Fang, Fang, Blackstone, Isla Binnie, Marguerita Choy Organizations: Energy Facility, REUTERS, Invenergy, Blackstone, Bank of America, American Electric Power, Bank of, International Energy Agency, Credit Suisse, Treasury Department, Internal Revenue, Canada's, Thomson Locations: Energy Facility California, U.S, Invenergy, Canada's Caisse, Quebec
Quito, Ecuador CNN —A candidate in Ecuador’s upcoming presidential election, Fernando Villavicencio, was assassinated at a campaign event Wednesday, President Guillermo Lasso confirmed on social media, vowing the killing will not go unpunished. He was gunned down 10 days before the first round of the presidential election was set to take place on August 20. Ecuador’s Attorney General’s Office said the suspected gunman died in police custody following an exchange of fire with security personnel. Seven of the eight presidential candidates, including Villavicencio, were under police protection, Ecuador’s Interior Minister Juan Zapata said earlier this week, local media reported Tuesday. All the candidates in the country’s presidential election have pledged to rein in the escalation of violence.
Persons: Ecuador CNN —, Fernando Villavicencio, Guillermo Lasso, Villavicencio, Cristian Zurita, Rodrigo Figueroa, , Lasso, ” Lasso, Juan Zapata, paz ”, Agustin Intriago, Ariana Chancay, CNN En, CNN En Español Conclusiones, Organizations: Ecuador CNN, Movimiento, CNN, Ecuador’s, General’s, Judicial, Fire Department, Ecuador Police, National, Lasso, paz, Security, CNN En Español Locations: Quito, Ecuador, Villavicencio, Peru, Colombia, South America, North America, Europe, Manta, Darien, United States
Big US asset managers cool on climate issues -think tank
  + stars: | 2023-08-01 | by ( Isla Binnie | ) www.reuters.com   time to read: +3 min
Focusing on the world's four largest asset managers, InfluenceMap said Vanguard and Fidelity Investments supported 4.5% and 4.8% respectively of resolutions the think tank describes as "climate-relevant" in 2022. BlackRock (BLK.N) voted for 12% and State Street (STT.N) 15%, the researchers said. In response to the report, State Street said it would continue to engage with companies on material risks and opportunities. InfluenceMap program manager Daan Van Acker mentioned Vanguard's decision to leave a major industry initiative aimed at tackling climate change last year. "This example and others, like the asset managers' drop in climate resolution support, do raise serious questions around the managers' net-zero commitments in the context of the current political climate," he said.
Persons: Brendan McDermid, InfluenceMap, BLK.N, BlackRock, Daan Van Acker, Isla Binnie, Gerry Doyle Organizations: Vanguard, New York Stock Exchange, REUTERS, Paris, Republican, Fidelity Investments, BlackRock, Fidelity, Thomson Locations: New York City, U.S
Focusing on the world's four largest asset managers, InfluenceMap said Vanguard and Fidelity Investments supported 4.5% and 4.8% respectively of resolutions the think tank describes as "climate-relevant" in 2022. BlackRock (BLK.N) voted for 12% and State Street (STT.N) 15%, the researchers said. In response to the report, State Street said it would continue to engage with companies on material risks and opportunities. InfluenceMap program manager Daan Van Acker mentioned Vanguard's decision to leave a major industry initiative aimed at tackling climate change last year. "This example and others, like the asset managers' drop in climate resolution support, do raise serious questions around the managers' net-zero commitments in the context of the current political climate," he said.
Persons: Brendan McDermid, InfluenceMap, BLK.N, BlackRock, Daan Van Acker, Isla Binnie, Gerry Doyle Organizations: Vanguard, New York Stock Exchange, REUTERS, Paris, Republican, Fidelity Investments, BlackRock, Fidelity, Thomson Locations: New York City, U.S
NEW YORK, July 24 (Reuters) - Electric-vehicle charger operator EVCS is looking to raise $125 million, according to a document seen by Reuters, as it races to expand its network of fast chargers eightfold by 2025 and capitalize on the U.S. government's push to boost EV adoption. EVCS, which operates its own network of fast chargers as well as stations for clients such as Hertz and Hilton, plans to increase its network to 2,100 fast chargers by 2025 from 260 currently and focus on the U.S. states of California, Washington and Oregon, according to the document. A person familiar with the matter said a $125 million investment would represent a large minority stake in the business. Reuters was not immediately able to ascertain what valuation the company or its advisers had arrived at for the entire business. The deals between Tesla and rivals also could make it easier for operators to cater to virtually all EVs.
Persons: Tesla, EVCS, Biden, Isla Binnie, Abhirup Roy, Peter Henderson, Matthew Lewis Organizations: YORK, Reuters, BNP, Hertz, Hilton, Tesla, Volta, stoke, Thomson Locations: California, EVCS, Washington and Oregon, New York, Francisco
Neither the president's office nor Galvez, who represents the center-right National Action Party (PAN), replied to requests for comment. Lopez Obrador has sought to break this narrative by branding Galvez a millionaire, said Roy Campos, Mitofsky's director. The authority this week ordered Lopez Obrador to remain neutral and abstain from election comments. Under Fox's government, Congress in 2005 stripped Lopez Obrador of immunity from prosecution over a minor land dispute. She urged her party to avoid resorting to tactics used against Lopez Obrador in the past.
Persons: Andres Manuel Lopez Obrador, Andres Manuel Lopez Obrador's, Xochitl Galvez, Lopez Obrador, Galvez, Alfa Gonzalez, pugnacious Lopez Obrador, Lopez, Consulta Mitofsky, Claudia Sheinbaum, Marcelo Ebrard, Roy Campos, Gabriel Islas, Beatriz Vazquez, Vicente Fox, Fox, Andres Manuel, Lorena Villavicencio, Sheinbaum, Dave Graham, Susan Heavey Organizations: Isla de, REUTERS, MEXICO CITY, Party of, Democratic Revolution, Action Party, PAN, Regeneration, Mexico City, Institutional Revolutionary Party, Congress, Thomson Locations: Isla, Isla de Cedros, Mulege, Mexico, MEXICO, derailing, MORENA, Spanish, Mexican
Isla del Rey, Menorca CNN —On the tiny Menorcan island of Isla del Rey, Christina Quarles is sitting under a canopy of olive trees. “Coming in on a boat is like a moment of meditation to prepare yourself to see art,” she added. Christina Quarles' show 'Come In From An Endless Place,' is on at the Hauser & Wirth gallery on the Spanish island of Menorca until October 29, 2023. The new Menorca Hauser & Wirth gallery was once a dilapidated 18th century naval hospital. I’ve found it to be a very beautiful parallel.”“With Christina, it’s difficult to separate the artist from the work,” said Bardaouil.
Persons: Menorca, Isla del Rey, Christina Quarles, Hauser & Wirth Menorca, “ It’s, , Quarles, Piet Oudolf, Damian Griffiths, Wirth, , ” Quarles, givens, , Menorca Hauser, Wirth “ She’s, Sam Bardaouil, Bardaouil, Quarles ’, Mar Rescalvo Pons, Fredrik Nilsen, Wirth Quarles ’, I’ve, there’s, Christina, it’s Organizations: del, Menorca CNN, Hauser &, Hauser, Wirth, , Venice Biennale, Sotheby’s, CNN, Hamburger Bahnhof, Hauser & Wirth Locations: Isla del, Los Angeles, Swiss, London, New York, Hong Kong, Menorca, Chicago, Venice, York, Berlin, gesturally
[1/3] A diver from Valencia University maps and assesses the state of a 2,500-year-old Phoenician vessel that is submerged 60 meters from the beach of Mazarron, Spain, June 20, 2023. Jose A Moya/Regional Government of Murcia/Handout via REUTERSMADRID, June 30 (Reuters) - A group of Spanish archaeologists have made detailed diagrams of a 2,500-year-old Phoenician shipwreck to help work out how best to recover it from the sea before a storm destroys it forever. Later this year, the experts will recommend how to protect and retrieve the wreck, possibly as early as next summer. It now lies under about 1.7 metres (5.6 ft) of crystal-clear Mediterranean water, surrounded by sandbags and a metal structure built for protection. Reporting by Emma Pinedo, editing by Inti Landauro and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.
Persons: Jose A Moya, Carlos de Juan, Emma Pinedo, Inti Landauro, Philippa Fletcher Organizations: Valencia University, Regional Government of, REUTERS, University of Valencia, University of Valencia - Institute of Nautical Archaeology, Reuters, Thomson Locations: Mazarron, Spain, Regional Government of Murcia, Handout, REUTERS MADRID, Spanish, Murcia, la, Lebanon, Syria
June 26 (Reuters) - BlackRock (BLK.N) boss Larry Fink, at the forefront of the business world's adoption of environmental, social and corporate governance (ESG) standards, has stopped using the term, saying it has become too politicized. But the world's largest asset manager hasn't changed its stance on ESG issues, Fink told the Aspen Ideas Festival on Sunday. Republican politicians have attacked ESG as a way for the corporate world to implement what they argue is a politically liberal agenda, triggering a backlash from Democrats who are seeking to defend it. "I don't use the word ESG any more, because it's been entirely weaponised ... by the far left and weaponised by the far right," Fink said. "We had ... one of the best years ever, but I'm ashamed of being part of this conversation," said Fink, adding that his annual letters to investors that addressed ESG issues were never meant to be political statements.
Persons: Larry Fink, hasn't, Fink, it's, " Fink, Isla Binnie, Ross Kerber, Mark Potter Organizations: Aspen Ideas, Republican, United, BlackRock, Aspen, Thomson Locations: BlackRock, United States, United Nations, Texas, decarbonization
The deal, announced last month, would open more than 12,000 Tesla Superchargers to drivers of Ford vehicles in North America starting in 2024. SS&C has invested in such charging companies as ChargePoint Holdings Inc (CHPT.N), EVgo Inc (EVGO.O) and Blink Charging Co (BLNK.O). The Ford deal was a boost to Tesla's more widespread, reliable North American Charging Standard (NACS) and dented the value of smaller players offering the rival Combined Charging System (CCS). Complaints about other charging companies' software bugs or broken charging hardware only opens the door to greater access for Tesla's standard, however, industry officials said. Under its new deal, Ford will distribute Tesla adapters to customers and starting in 2025 will equip future EVs with NACS.
Persons: Joe Biden, Paul Baiocchi, Ford, Elon Musk, Tesla's, Biden, Pete Buttigieg, Tesla, Lazard, Mohit Kohli, Chris Harto, Arcady Sosinov, Chris Anthony, Sosinov, Abhirup Roy, Hyunjoo Jin, David Shepardson, Jarrett Renshaw, Ben Klayman, Matthew Lewis Organizations: FRANCISCO, Ford, North America, U.S, SS, C ALPS Advisors, ChargePoint Holdings, EVgo Inc, CNBC, CCS, EVs, Volta, Volkswagen AG, General Motors Co, BMW, Consumer, Aptera, Thomson Locations: U.S, North, Europe, San Francisco, Washington
London CNN —With the threat of an unprecedented US debt crisis receding fast, the global economy looks to have dodged a huge shock. While an immediate crisis has likely been avoided, the litany of problems that had been temporarily overshadowed by the specter of a US default — among them, high inflation, rising interest rates and sluggish growth — haven’t gone away. Bloomberg/Getty ImagesInflation still too highAgainst that backdrop, inflation has eased in Europe’s second biggest economy, mimicking falls in Germany, Spain and Italy. But it could still arise from two longstanding threats: the Ukraine war and the climate crisis, both of which pose risks to global supply chains and food prices. The war helped drive international food prices to an all-time high last year.
Persons: specter, haven’t, , Carsten Brzeski, , Charlotte de, Neil Shearing, Vladimir Putin, Michael Bociurkiw, Bociurkiw, Marcelo del Pozo Organizations: London CNN —, ING, Charlotte de Montpellier, Bloomberg, Getty, Data, United, Deutsche Bank, Capital Economics, Atlantic Council, Isla Mayor, ” Gro Intelligence Locations: United States, China, Germany, France, Beijing, Europe’s, Spain, Italy, United Kingdom, Ukraine, Moscow, Russian, Russia, Isla, Europe
The Catholic country and homeland of Pope Francis approved a law allowing abortion up to 14 weeks in December 2020, part of a wave of liberalizing legislation around the region, even as the United States further north has seen abortion access tightened. In the official bulletin, the health ministry wrote that the measure would help avoid unintentional pregnancy by helping overcome "difficulties of access to health services, contraception supplies, and education" faced by some. "This removes an important barrier to access," Valeria Isla, director of sexual and reproductive health at the Health Ministry, told Reuters. The day-after pill is available without a prescription in at least 70 countries, including the United States. "For a long time it was thought to induce an abortion, which is not true," Gagliardi said, referring to the common criticism of emergency contraception from pro-life groups.
Persons: Wade, Read, Pope Francis, Valeria Isla, Vanessa Gagliardi, Juntas, Izquierda, Gagliardi, DerquiXlaVida, Anna, Catherine Brigida, William Maclean Organizations: U.S, Embassy, Supreme, Women's Health Organization, Catholic, Health Ministry, Reuters, World Health Organization, Thomson Locations: Buenos Aires, Dobbs, Argentina, BUENOS AIRES, American, United States, Argentine
A world in three islands on the Mediterranean
  + stars: | 2023-05-25 | by ( Pavlo Fedykovych | ) edition.cnn.com   time to read: +16 min
CNN —In the middle of the Mediterranean Sea lies a small country made up of three inhabited islands and irresistible allure. Across its three inhabited islands – Malta, Gozo and Comino – you’ll find every sun-soaked aspect of the perfect vacation. The solution: Marsaskala, towards the southeastern tip of Malta island. Mellieħa Bay and St. Paul’s BayBugibba is a classic seaside resort town in St. Paul's Bay. The population is a modest two people, there are no cars, and no signs of globalization – just the untouched Mediterranean.
"Salaries of ESG and non-ESG personnel started to diverge in 2020, in line with the spike in hiring in ESG roles due to the increasing focus on ESG and sustainable investing in the finance sector," said Loujaina Abdelwahed, an economist at the company. Revelio Labs scraped online professional profiles for people with finance roles in commercial and investment banking and asset management and split them into those with ESG or sustainability in their job titles and those without. Reuters GraphicsSince 2019, the rate of base salary growth for ESG roles has been about 38 percentage points higher than non-ESG personnel, Abdelwahed said. ESG-tagged roles overtook non-ESG on a six-month moving average basis in June 2020 and in August 2021 surged to peak around $109,846, fully $20,000 higher than non-ESG. The gap shrank in the second half of 2021 but grew again into this year: in April 2023 average ESG salaries were $110,348 versus $90,283.
[1/3] Benjamin Castro, a 26-year-old non-binary Argentine musician and teacher, poses for pictures during an interview in Buenos Aires, Argentina May 4, 2023. Argentina is the latest country in Latin America to green light the drug, part of a two-pill abortion regimen, which now faces the threat of a ban in the United States. "Having mifepristone available is key for ensuring abortions that are safe and high quality," she said. For Benjamin Castro, a 26-year-old non-binary Argentine musician and teacher, mifepristone access came too late. Castro, who was assigned female at birth and uses male pronouns, sought an abortion in 2020 during the pandemic, before mifepristone was available, receiving only misoprostol pills.
Nomura hires two bankers for transport technology deals
  + stars: | 2023-05-16 | by ( Isla Binnie | ) www.reuters.com   time to read: +2 min
NEW YORK, May 16 (Reuters) - Japanese investment bank Nomura (8604.T) has hired two investment bankers to lead its coverage of mobility and automotive clients in Europe and the United States through its sustainability-focused division Greentech. "You saw in the "de-SPAC" furore a lot of standalone young electric vehicle companies raise capital. The reality is the path to success and scale, to build a standalone company, is dramatically complex," Duncan Williams, global co-head of Nomura Greentech, told Reuters. Investment banks in Europe and the United States raked in more than $700 million in fees for deals in technologically-advanced mobility and transportation in 2021, Williams said, adding he expected the area to remain lucrative. Reporting by Isla Binnie in New York Editing by Greg RoumeliotisOur Standards: The Thomson Reuters Trust Principles.
And Ecuadorian authorities have struggled to tackle this public security crisis “efficiently because it is mired in (a) political crisis,” González says. Ecuador’s President Guillermo Lasso is at the center of this storm, and his popularity has tanked amid widespread discontent with spiraling crime rates. Before President Guillermo Lasso took office, Ecuador had already become a key transit hub for cocaine due to its location between Peru and Colombia. Lasso told Ecuador’s legislative commission investigating him that he had not evaded taxes and that his tax trajectory was legally supported. Members of unions and civil society groups march on International Workers' Day to demand that Ecuador's President Guillermo Lasso, who is facing an impeachment process, leave office on May 1, 2023.
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