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☆ Six Things to Know About ‘Forever Chemicals’
▼ + stars: | 2024-04-10 | by ( Lisa Friedman | ) www.nytimes.com time to read: 1 min

Almost half the tap water in the United States contains PFAS, a class of chemicals linked to serious health problems. In April the Environmental Protection Agency announced that, for the first time, municipal utilities will have to detect and remove PFAS from drinking water. Here’s what you need to know. What are PFAS? Today there are nearly 15,000 per- and polyfluoroalkyl substances, which collectively go by the acronym PFAS, according to a database maintained by the E.P.A.

Persons: Dupont Organizations: Environmental Protection Agency Locations: United States

☆ Environmental Protection Agency Limits Pollution From Chemical Plants
▼ + stars: | 2024-04-09 | by ( Lisa Friedman | ) www.nytimes.com time to read: 1 min

More than 200 chemical plants across the country will be required to curb the toxic pollutants they release into the air under a regulation announced by the Biden administration on Tuesday. The regulation is aimed at reducing the risk of cancer for people living near industrial sites. This is the first time in nearly two decades that the government has tightened limits on pollution from chemical plants. The new rule, from the Environmental Protection Agency, specifically targets ethylene oxide, which is used to sterilize medical devices, and chloroprene, which is used to make rubber in footwear. They are considered a top health concern in an area of Louisiana so dense with petrochemical and refinery plants that it is known as Cancer Alley.

Persons: Biden Organizations: Environmental Protection Agency Locations: Louisiana

☆ Sailor’s Remains Identified 82 Years After Pearl Harbor
▼ + stars: | 2024-03-29 | by ( Lola Fadulu | ) www.nytimes.com time to read: +1 min

California, the flagship of the Navy’s Pacific Fleet, was moored on “battleship row” at Pearl Harbor when it was struck by Japanese torpedoes and bombs. The ship caught fire, flooded and sank over the course of three days, and 103 crew members were killed. Officials were initially unable to identify all of the victims and the remains of 25 “unknowns” were buried in Hawaii. Accounting Agency, or D.P.A.A., an arm of the Pentagon whose mission is to find and return missing military personnel. “It’s a promise fulfilled to the service member,” he said, adding that “we also owe it to the families to give them answers.”

Persons: David Walker, ”, Sean Everette, “ Organizations: Navy’s, Defense, Accounting Agency, Pentagon Locations: . California, Pearl, Hawaii, Norfolk, Va

☆ The Roadblocks to Biden’s Electric Vehicles Plan
▼ + stars: | 2024-03-21 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

The Biden administration rolled out new rules on Wednesday designed to thrust the United States — the greatest car culture the world has ever known — into the era of electric vehicles. With new tailpipe pollution limits from the Environmental Protection Agency, automakers will effectively be forced to make a majority of new passenger cars and light trucks sold in the United States all-electric or hybrids by 2032. To meet the new standards, 56 percent of new cars sold by 2032 would be zero-emissions and another 16 percent would be hybrid, according to the E.P.A.’s analysis. E.V.s account for only 7.6 percent of new car sales today, so the targets represent an ambitious attempt to overhaul one of the country’s biggest industries in a remarkably short amount of time. A successful phaseout of gas-powered cars and trucks would also make a big dent in the fight against climate change; cars and other forms of transportation are the biggest source of planet warming emissions generated by the United States.

Organizations: Biden, Environmental Protection Agency Locations: States, United States

☆ Turns out John Cena wasn't fully nude when presenting an award at the 2024 Oscars
▼ + stars: | 2024-03-11 | by ( Amanda Goh | ) www.businessinsider.com time to read: +2 min

John Cena wasn't fully nude while presenting the award for best costume design at the 2024 Oscars. Backstage photos revealed Cena was wearing a protective garment that covered his private parts. AdvertisementJohn Cena presented the award for best costume design at the 2024 Oscars in nothing but Birkenstocks and an oversized envelope held over his groin. Robert Gauthier/Los Angeles Times via Getty ImagesThe beige-colored protective garment resembled a piece of underwear and covered Cena in the front and back. AdvertisementJohn Cena wore a protective garment that covered his private parts.

Persons: John Cena wasn't, Cena, Cena's, —, John Cena, Robert Gauthier, Al Seib, David Niven, Elizabeth Taylor, Jimmy Kimmel, Cena peeked, Kimmel, Cena couldn't Organizations: Service, Los Angeles Times, Getty, Cena

☆ 2024 Review: Oscars hits and misses including best moments, performances and speeches
▼ + stars: | 2024-03-10 | by ( Brian Lowry | ) edition.cnn.com time to read: +7 min

The Oscars faced the double whammy of starting an hour earlier and the switch to Daylight Savings Time. Video Ad Feedback See who Host Jimmy Kimmel thanked in his opening monologue at the Academy Awards 01:04 - Source: CNNBrevity (relatively, anyway). A clip of late Russian opposition leader Alexey Navalny is played onstage during the 96th Annual Academy Awards in Hollywood, California on March 10, 2024. Even with “Oppenheimer” nearly blotting out the sun, seven of the 10 best-picture nominees went home with at least something, with “Maestro,” “Past Lives” and “Killers of the Flower Moon” being the three that left empty-handed. Becky G performs during the 96th Academy Awards.

Persons: Ryan Gosling’s, “ Oppenheimer, ”, Christopher Nolan’s, Emma Stone, Lily Gladstone, Jessica Lange, Michelle Yeoh, Charlize, Theron, Jennifer Lawrence, Sally Field, Richard Harbaugh, A.M.P.A.S, Joy Randolph, He’s, Ken, Ryan Gosling, “ I’m, Ken ”, Emily Blunt, Barbie, Gosling, Jimmy Kimmel, Kimmel, helpfully, Alexey Navalny, Patrick T, Fallon, Jonathan Glazer’s, Mstyslav, Sen, Katie Britt, Donald Trump’s, “ Maestro, Hayao Miyazaki’s, John Cena’s, Becky G, Stewart Cook, Arnold Schwarzenegger, Danny DeVito, Michael Keaton Organizations: CNN, Savings, International Alliance, Alliance, Television Producers, Getty Locations: Hollywood , California, AFP, Gaza, Russian, Mariupol, Ukraine

☆ An Israeli strike near a hospital in Rafah killed at least 11 people, Gaza health officials say.
▼ + stars: | 2024-03-02 | by ( Anushka Patil | More About Anushka Patil | ) www.nytimes.com time to read: +2 min

An Israeli strike outside a hospital in Rafah, in southern Gaza, on Saturday killed at least 11 people and injured dozens of other displaced Palestinians, including children, who were sheltering in tents nearby, the Gaza Health Ministry said. At least two health care workers, including a paramedic, were among those killed after the strike near the gate of the Emirati maternity hospital, the health ministry said. The victims of the strike were sheltering near the Emirati maternity hospital, one of the last hospitals still functioning in Gaza. The Emirati hospital is essentially “the last hope for pregnant women in the whole of Gaza,” Mr. Allen said. A strike so close to the hospital poses a “terrifying” risk to pregnant women, newborns and the overloaded health care workers trying to care for them, he added.

Persons: Abdul Fattah Abu Marai, Benjamin Netanyahu, Israel, Tedros Adhanom Ghebreyesus, Dominic Allen, Mr, Allen Organizations: Gaza Health Ministry, “ Islamic, World Health Organization, United Nations Population Fund Locations: Israeli, Rafah, Gaza, Kuwaiti, stretchers, Gaza’s, State, Palestine

☆ E.P.A. Sets New Rules to Limit Damage From Disasters at Chemical Facilities
▼ + stars: | 2024-03-01 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

The Biden administration issued new rules on Friday designed to prevent disasters at almost 12,000 chemical plants and other industrial sites nationwide that handle hazardous materials. The regulations for the first time tell facilities to explicitly address disasters, such as storms or floods, that could trigger an accidental release, including threats linked to climate change. For the first time, chemical sites that have had prior accidents will need to undergo an independent audit. And the rules require chemical plants to share more information with neighbors and emergency responders. In 2017, severe flooding from Hurricane Harvey knocked out power at a peroxide plant outside Houston, causing chemicals to overheat and explode, triggering local evacuations.

Persons: ” Janet McCabe, Hurricane Harvey Organizations: Biden, Environmental Protection Agency, Administration Locations: Hurricane, Houston

Mr. Biden, who promised to visit soon after the disaster, has faced criticism from Republicans and some residents for not going sooner. “The town is still very divided,” said Misti Allison, a 35-year-old resident of East Palestine, a small town in a conservative state. Even the invitation for Mr. Biden to visit from the mayor of East Palestine, Trent Conaway, carried a hint of the division. Mr. Conaway has also criticized Mr. Biden for allowing former President Donald J. Trump to visit the community of about 5,000 before him. “We’re getting tired,” said Jami Wallace, who formed the Unity Council for the East Palestine Train Derailment to keep track of the response and the community’s concerns.

Persons: Biden, Biden’s, ”, Misti Allison, ” Mr, Mr, ” Karine Jean, Pierre, Ms, Jean, Barack Obama, Trent Conaway, Conaway, Donald J, Trump, ” Mike Young, “ You’re, Timothea, Deeter, “ That’s, “, ” Ms, Pierre said, “ We’re, Jami Wallace Organizations: Trump, Mr, Norfolk Southern, Environmental Protection Agency, White House, Unity Council, East Locations: East Palestine , Ohio, “, East Palestine, Norfolk, Ohio, Flint, Mich, America

☆ Biden Administration Toughens Limits on Deadly Air Pollution
▼ + stars: | 2024-02-07 | by ( Lisa Friedman | ) www.nytimes.com time to read: +1 min

The Environmental Protection Agency on Wednesday tightened limits on fine industrial particles, one of the most common and deadliest forms of air pollution, for the first time in a decade. Public health organizations said the pollution rules would save lives and strengthen the economy by reducing hospitalizations and lost workdays. Fine particulate matter, which can include soot, can come from factories, power plants and other industrial facilities. The new rule lowers the annual standard for fine particulate matter to nine micrograms per cubic meter of air, down from the current standard of 12 micrograms. will use air sampling to identify areas that do not meet the new standard.

Organizations: Environmental Protection Agency, Business

☆ Activist Bluebell believes BP is 50% undervalued compared to peers
▼ + stars: | 2024-02-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

The company's segments include gas & low-carbon energy, oil production & operations and customers & products. Its gas business includes upstream activities that produce natural gas, integrated gas and power, and gas trading. Its oil production & operations segment comprises upstream activities that produce crude oil, including Bpx Energy. As of Bluebell's October 4, 2023, letter to BP, BP traded on a price-earnings ratio of 6.7 times, a 44% discount to Chevron and ExxonMobil, which on average traded at 12 times. To make it even clearer how the market views BP's strategy, on February 7, 2023, when BP announced its partial retracement from this strategy, BP's share price rose 8% on the day and 17% on the week.

Persons: Giuseppe Bivona, Marco Taricco, Bivona, –, Helge Lund, Bluebell, BP's, Bernard Looney, Shell, Looney's, Looney, Pamela Daley, Solvay, Glencore, Ken Squire Organizations: BP Bunge, Bpx Energy, Castrol, Bluebell Capital Partners, Bluebell Partners, BP, ExxonMobil, Chevron, Bluebell, International Energy Agency, EV, Exxon, Shell, Mr, Renewables, Power, BP's Board, BlackRock, 13D Locations: bioenergy, Europe, Bluebell, Paris, Bioenergy, United States, U.S

☆ Dream of the Desert: Saudi Arabia is launching its own luxury train
▼ + stars: | 2024-01-29 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +7 min

State-owned railway company Saudi Arabia Railways (SAR) recently struck a 200 million Saudi riyals ($53.33 million) deal with Italian hospitality company Arsenale Group to launch the first luxury train in the Middle Eastern kingdom. The destination has made a number of high-profile tourism investments in recent years – a $500 billion model city in the desert of northwest Saudi Arabia among them. Now Saudi Arabia is getting on board with the slow travel movement in a big way by moving into the luxury train market. Arsenale S.P.A./Saudi Arabia RailwaysSaudi Arabia’s decision to enter the luxury train market comes as demand for high-speed trains and luxury “rail cruises” continues to increase around the world. Infrastructure investmentA rendering of Dream of the Desert, which will be the first luxury train in the Middle Eastern kingdom.

Persons: Paolo Barletta, ” Barletta, S.P.A, Joe Biden, Dolce, ”, Luigi Corradi, King, Khalid al, Falih, Arsenale S.P.A, Bashar bin Khaled Al Malik, Al Malik, CNN’s Lilit Marcus, Ben Jones Organizations: CNN, State, Saudi Arabia Railways, Saudi, Arsenale Group, SAR, Saudi Arabia Railways Saudi, Reuters, “ Orient, Accor, Ferrovie dello Stato, Speed Railway, King Abdulaziz International, Saudi Arabia’s Investment, Projects, Saudi Railway Company, Orient Express, Orient Locations: Saudi Arabia, Saudi, Arabia’s, Riyadh, Qurayyat, Jordan, Hail, Italy, France, Italy’s, Mecca, Medina, Jeddah, Venice, London, Kyushu

☆ Moneyball-Plus: What Happens When Investors Treat Athletes Like Startups
▼ + stars: | 2024-01-28 | by ( Joseph Bien-Kahn | ) www.businessinsider.com time to read: +27 min

What if athletes could sell a percentage of their future earnings to investors, the same way tech entrepreneurs offer a stake in their promising new ideas in return for venture capital? "We look at the game very, very differently than everyone else," Schwimer tells the pitcher. Finlete is launching a fund that allows fans to buy shares in a prospect's future earnings. What if you could sell a share of your future earnings, he asked, for $10,000? Today, he says, more than 80% of the players BLA has invested in are outside the league's top 300 prospects.

Persons: They're, Michael Schwimer, —, Schwimer, BLA, haven't, Fernando Tatis Jr, We've, it's, Daniil, David Liberman, Garrett Broshuis, he'd, He'd, Houdini, Christian Petersen, Erik Kratz, Kratz, Cole Hamels, Hamels, Sean M, Marvin Bush, George W, Bush, Paul DePodesta, bankroll BLA's, Bill Miller, Miller, HBO's, Michael, Jeff Bezos, Bezos, I'd, I'm, Steven Duncker, Goldman Sachs, Elly De La Cruz, Dylan Buell, phenom, Scott Boras, Yermín Mercedes, Francisco Mejía, countersue Mejia, Gervon Dexter, they're, Dexter, Wharton, He's, he'll, isn't, scoffing, he's Organizations: Philadelphia Phillies, Big League, San Diego Padres, Benchmark Capital, Sports, Wharton Sports Business, MLB, University of Virginia, Partners, Phillies, Getty, AAA, Arizona Fall League, Ritz Carlton, Cleveland Browns, Dodgers, Cleveland Indians, Big League Advance, Chicago Bears, University of Florida, Huntsman, NCAA Locations: Maryland, Philadelphia, United States, baseball's, Latin America, America, Dominican Republic, Cleveland, Florida

☆ After a Boom, Craft Beer Considers a New Creed: Less Is More
▼ + stars: | 2024-01-26 | by ( Joshua M. Bernstein | ) www.nytimes.com time to read: 1 min

More than a decade ago, when Ryan Guererri was in his early 20s, he became obsessed with craft beer. As breweries rolled out a nonstop roster of new products, he bought hundreds of different beers, from bitter I.P.A.s to strong Belgian ales. “It was exciting trying everything,” said Mr. Guererri, who is now 35 and a human resources manager in Geneva, N.Y. These days, Mr. Guererri mainly stocks his fridge with just a small collection of tried-and-trusted brands. His move to simplicity reflects a broader shift in the beer world.

Persons: Ryan Guererri, ”, Guererri Locations: Geneva, United States

☆ Temu was one of the fastest-growing websites in 2023, new data shows
▼ + stars: | 2024-01-23 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Temu was among the fastest-growing large websites in the US last year, according to a new analysis by Similarweb. When considering only websites with more than 10 million monthly visits, Temu came in second only to OpenAI, which saw its traffic grow by 2,690% in 2023 as AI exploded into the mainstream. The ad intelligence company told Modern Retail that Temu spent an estimated $517 million on US ads between September and December 2023. AliExpress, the Alibaba-owned online marketplace, was in third place behind Temu with year-over-year traffic growth of 290%. AliExpress was launched in 2010 but still saw significantly less traffic than Temu in 2023, with an average of about 24.2 million monthly visits.

Persons: Temu, David Carr, AliExpress, Carr Organizations: Pinduoduo Holdings, Business, Modern, Duo Security Locations: Boston, China

☆ Supreme Court questions opioid liability protections for Sackler family
▼ + stars: | 2023-12-04 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

WASHINGTON — Members of the Supreme Court seemed conflicted on Monday over whether to allow the bankruptcy reorganization of opioid maker Purdue Pharma, which includes a provision that protects the Sackler family from liability from future lawsuits. During the oral argument, justices expressed skepticism that a bankruptcy court had legal authority to release the Sacklers from potential legal claims. No Sackler family member has had any involvement in the company since 2019. The company sought bankruptcy protection, but the Sackler family members did not. She added that it would be "an extraordinary thing" if the court allowed the family to "basically subvert" the bankruptcy process.

Persons: Sackler, Pharm, Biden, Neil Gorsuch, Brett Kavanaugh, Elena Kagan's, Kagan, Pratik Shah, Elizabeth Prelogar Organizations: WASHINGTON, Purdue Pharma, New York's Southern, Federal Court, Purdue Locations: New York's, White Plains

☆ Biden Administration Unleashes Powerful Regulatory Tool Aimed at Climate
▼ + stars: | 2023-12-02 | by ( Coral Davenport | More About Coral Davenport | ) www.nytimes.com time to read: +1 min

The Biden administration’s crackdown on methane leaks from oil wells is based in part on a new powerful policy tool that could strengthen its legal authority to cut greenhouse gas emissions across the entire economy — including from cars, power plants, factories and oil refineries. New limits on methane, announced Saturday by the Environmental Protection Agency during the COP28 climate talks in Dubai, take aim at just one source of climate warming pollution. Methane, which spews from oil and gas drilling sites, is 80 times more powerful than carbon dioxide when it comes to heating the atmosphere in the short term. The number, known as the “social cost of carbon,” has been used since the Obama administration to calculate the harm to the economy caused by one ton of carbon dioxide pollution. The metric is used to weigh the economic benefits and costs of regulations that apply to polluting industries, such as transportation and energy.

Persons: ”, Obama Organizations: Biden, Environmental Protection Agency Locations: Dubai

☆ Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades
▼ + stars: | 2023-12-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +13 min

Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.

Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S

☆ Biden Administration to Require Replacing of Lead Pipes Within 10 Years
▼ + stars: | 2023-11-30 | by ( Coral Davenport | More About Coral Davenport | ) www.nytimes.com time to read: +1 min

The Biden administration is proposing new restrictions that would require the removal of virtually all lead water pipes across the country in an effort to prevent another public health catastrophe like the one that came to define Flint, Mich. The proposal on Thursday from the Environmental Protection Agency would impose the strictest limits on lead in drinking water since federal standards were first set 30 years ago. “This is the strongest lead rule that the nation has ever seen,” Radhika Fox, the E.P.A.’s assistant administrator for water, said in an interview. “This is historic progress.”Digging up and replacing lead pipes from coast to coast is no small undertaking. estimates the price at $20 billion to $30 billion over the course of a decade.

Persons: Biden, ” Radhika Fox, ’ Organizations: Environmental, Agency Locations: Flint, Mich

☆ The Complicated Truth About Recycling - The New York Times
▼ + stars: | 2023-11-29 | by ( Oliver Franklin-Wallis | ) www.nytimes.com time to read: +3 min

You probably throw a milk container in the recycling, put the bins out on collection day and forget about it. It is worth noting that the landfill-happy United States is far worse at recycling than other major economies. But just because recycling doesn’t work very well in the United States doesn’t mean it can’t be done well. Recycling steel, for example, saves 72 percent of the energy of producing new steel; it also cuts water use by 40 percent. Even anti-plastics campaigners agree that recycling plastics, like PET, is better for the climate than burning them — a likely outcome if recycling efforts were to be abandoned.

Organizations: Environmental Protection Agency, National Academies of Sciences, Engineering, Medicine, University of Southampton Locations: United States, Canada, Mexico, India, Malaysia, America, States, England

☆ Girls Thrive in Many Sports. Now They’re Coming for Football, Too.
▼ + stars: | 2023-11-26 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

Honesty Butler was not planning to go to college, let alone leave her home state of New York. Art school was too expensive, so she began to give up on the idea of higher education entirely. Butler had never played a team sport, beyond a brief stint on the track team, but from the first practice, she was hooked. requirement, so Butler was suddenly motivated to keep her grades up — even in math. Now, Butler, 19, is more than 1,200 miles from home in Fort Scott, Kan., where she is preparing for her second season playing collegiate flag football at Fort Scott Community College.

Persons: Butler, Kan Organizations: Binghamton High School, New, New York State, Fort Scott Community College Locations: New York, Fort Scott

☆ Can the Palestinian Authority Really Govern Gaza After the War?
▼ + stars: | 2023-11-24 | by ( Steven Erlanger | ) www.nytimes.com time to read: 1 min

Lanky and lightly bearded, Jihad Imtoor is the proud son of a fighter killed in the first intifada, or uprising, against Israel. His father was a member of Fatah, the political faction that controls the Palestinian Authority. But he has had enough of its rule in the West Bank. has taken a lot from us, and it’s time for them to go.”Referring to the monument in the center of Ramallah, he said: “The P.A. is working fine to protect the four lions on Manara Square, but they cannot protect the people from Israel.”

Persons: Imtoor, Fatah, “ I’m, ” Organizations: Israel, Palestinian, West Bank Locations: Gaza, Ramallah, Israel

☆ BHP train drivers to start 'restrained' industrial action on Friday
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

BHP's iron ore operations include four processing hubs and five mines that are linked by more than 1,000 km (621 miles) of rail and port facilities. BHP said that the proposed action would present logistical challenges but that it had put in place arrangements to mitigate the impact. Worries about a strike had lent support to iron ore prices, which are trading at the highest levels since February. "Concerns over disruptions on the supply side due to the looming strike at BHP in Australia contributed to higher iron ore prices today," said Pei Hao, a Shanghai-based analyst at international brokerage FIS. Drivers received an offer from BHP last Wednesday that did not meet their expectations around rostering, arbitration and camp standards, Busson added.

Persons: Dado Ruvic, Greg Busson, Busson, Pei Hao, BHP, Melanie Burton, Amy Lv, Gerry Doyle Organizations: BHP, REUTERS, Rights MELBOURNE, Reuters, Monday, Mining, Energy Union WA, Drivers, Thomson Locations: WA, Australia, Shanghai, rostering, Rio Tinto's, Beijing

Fortescue approved investments in the U.S. hydrogen hub in Phoenix, Arizona; the Gladstone 50 megawatt green hydrogen project in Queensland, Australia; and the Christmas Creek green iron trial commercial plant in Western Australia. About $550 million will be used for developing an electrolyser and liquefaction facility in Phoenix, where first production of liquid green hydrogen is targeted for 2026. I think some of the market's concerns will be allayed because the capital investment required is pretty minimal in the scheme of things." Under a plan to ramp up its green energy business, Fortescue said in August it would stop allocating 10% of its net profit to that unit. Fortescue shares were up 1% on Tuesday in a strong market for iron ore miners, with peers BHP (BHP.AX) and Rio Tinto (RIO.AX) up 1.5% and 2% respectively.

Persons: Melanie Burton, Australia's Fortescue, Fortescue, David Coates, BHP, Himanshi, Richard Chang, Clarence Fernandez Organizations: Fortescue Metals Group, REUTERS, Arizona, MELBOURNE, Gladstone, Fortescue Energy, Fortescue, Rio Tinto, Thomson Locations: Pilbara, Port Hedland, Western Australia, U.S, Phoenix , Arizona, Queensland, Australia, Phoenix, Brazil, Kenya, Norway, BellPotter, Sydney, Michigan, New York, Rio, Bengaluru

☆ Global dividends slide in Q3 as miners drag
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 15 (Reuters) - Global dividends fell 0.9% to $421.9 billion in the third quarter due to lower special dividends and a small number of corporations making large cuts to investor remuneration, a report showed on Wednesday. Janus said total dividends were slightly better than expected in the quarter despite lower one-off special payouts and exchange rate effects. "Special dividends have decreased, reflecting less M&A activity and the disappearance of windfall profits in sectors like mining," he added. The largest cuts to payouts were made by Brazilian oil group Petrobras (PETR4.SA) and Australian miner BHP (BHP.AX). More than half of mining companies reduced their payouts while 89% of companies overall raised their dividends or held them during the period, the report said.

Persons: Janus Henderson, Janus, Ben Lofthouse, Banks, Danilo Masoni, Elaine Hardcastle Organizations: MILAN, Petrobras, PETR4, BHP, Chemicals, China Construction Bank Corp, China Mobile, HK, Thomson Locations: Brazil, Taiwan, Czech, Asia, PetroChina, Europe

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