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☆ How this UK-based firm is growing a more sustainable cannabis
▼ + stars: | 2024-04-08 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +2 min

Cannabis plants grow in the clone room at Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, in Leuna, Germany September 11, 2023. But some companies are trying to combat that like U.K.-based cultivator Glass Pharms. It claims to be the world's first firm to grow cannabis indoors in a carbon-neutral way. That is then used to heat and cool Glass Pharms' greenhouse. This means Glass Pharms' greenhouse facility does not take any electricity from the energy grid, nor does it rely on mains water.

Persons: James Duckenfield, Duckenfield Organizations: Aurora Deutschland GmbH, CNBC Locations: Aurora, Leuna, Germany, England

Refrigerants used in fridges, freezers and cars change from a fluid to a gas to transport heat away from the place you want cooled. In refrigerators, the refrigerant starts as a liquid and expands into a gas, which forces it to cool down. The refrigerant then flows through condenser coils where it releases its heat out and cools back into a liquid. The cycle starts over when the refrigerant enters the expansion device, where the fluid spreads out, cools, and once again turns into a gas. Methane, the second most important greenhouse gas after carbon dioxide is 28, or 28 times worse.

Persons: hasn’t Organizations: Environmental Protection Agency, EPA, AP Locations: fridges, Phoenix , Arizona, Dubai, Montreal, Kigali, United States

☆ Australia's IAG misses annual cash earnings estimates; shares slip
▼ + stars: | 2023-08-21 | by ( Nausheen Thusoo | ) www.reuters.com time to read: +2 min

Small toy figures are seen in front of displayed IAG (Insurance Australia Group) logo in this illustration taken, November 8, 2021. The country's top general insurer posted cash earnings of A$452 million ($290.00 million) for the year ended June 30, up from A$213 million a year ago but missing analysts' average estimate of A$656.7 million, according to Refinitiv Eikon data. Australian insurers have seen their profits soar this year, as they incur higher premiums in an elevated interest-rate environment, while also benefiting from a rebound in investment income. The company also expects an insurance margin in fiscal 2024 of 13.5%–15.5%, higher than the 12.6% margin last year. However, elevated inflation in home and motor claims costs, as well as the higher natural perils allowance, impacted the underlying insurance margin, IAG said in a statement.

Persons: Dado Ruvic, IAG, Nick Hawkins, Nausheen Thusoo, Archishma Iyer, Paul Simao, Stephen Coates, Rashmi Organizations: Insurance, REUTERS, cps, Insurance Australia Group, New Zealand, Citi, UBS, Thomson Locations: Australia, New

☆ Australia's IAG sees lower double-digit gross written premium growth
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

Small toy figures are seen in front of displayed IAG (Insurance Australia Group) logo in this illustration taken, November 8, 2021. Australia's top general insurer reported a 10.6% rise in GWP to A$14.73 billion ($9.4 billion) for fiscal 2023, matching the Refinitiv estimate. The company also expects an insurance margin in fiscal 2024 of 13.5%–15.5%, higher than the pervious year's margin of 12.6%. IAG also declared a dividend of 9 Australian cents per share, up from 5 cents per share a year ago. The insurer posted cash earnings of A$452 million for the 12 months ended June 30, up from A$213 million a year ago.

Persons: Dado Ruvic, Nick Hawkins, IAG, Refinitiv Eikon, Nausheen Thusoo, Archishma Iyer, Paul Simao, Stephen Coates Organizations: Insurance, REUTERS, cps, Insurance Australia Group, ”, Thomson Locations: GWP

☆ Singapore's love affair with air conditioning shows a Catch 22 of climate change
▼ + stars: | 2023-06-09 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

Thankfully, Chee said, his home has five air conditioners – one in each bedroom and a larger unit in the living room. “I drank plenty of water, took cold showers and kept the air conditioning on for the entire weekend. Indeed, in this city, air conditioning has become almost a way of life. But Singapore’s love affair with air conditioning has an enormous cost. Here are some possible solutions 02:39 - Source: CNNBreaking the loopStill, experts say there are ways to break the air conditioning doom-loop.

Persons: Chee Kuan Chew, ” Chee, “, Mo Kio, Chee, Lee Kuan Yew, Edgar Su, Suhaimi Abdullah, Matthias Roth, Roth, Radhika Khosla, ” Khosla, Heng Chye Kiang, Smart, Heng Organizations: CNN, Reuters, Economic, International Energy Agency, Urban, United States Environmental Protection Agency, National University of Singapore, United Nations, Montreal Protocol, Oxford University’s Smith School of Enterprise, Environment, Bloomberg, Getty, Singapore’s National Environment Agency, NEA, ”, National University of Singapore’s School of Design Locations: Singapore, New York City, Japan, United States, ”, Kigali, Montreal, Orchard

☆ Australia's IAG cash earnings jump 27% on growth across key businesses, dividend steady
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - Insurance Australia Group (IAG.AX) reported a 26.7% jump in its first-half cash earnings on Monday, boosted by volume growth across its key businesses that helped offset the ongoing impact of higher inflation on claims costs. The insurer said GWP growth was driven by rate hikes, to offset the high inflation in the supply chain, as well as customer number growth in the home and motor portfolios. read moreThe insurance giant's natural perils costs ballooned to A$524 million following the severe weather events across multiple states in Australia during the period. read moreCash earnings for the six months ended Dec. 31 came in at A$223 million ($154 million), compared with A$176 million in the prior corresponding period and a Refinitiv estimate of A$464 million. Australia's top general insurer declared an interim dividend of 6 Australian cents per share, the same as in the prior corresponding period.

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