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REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 9 (Reuters) - Proxy advisor CGI Glass Lewis on Thursday recommended Origin Energy (ORG.AX) shareholders vote in favour of a $10.5 billion bid from a consortium led by Canada's Brookfield (BN.TO), despite opposition from the target's largest shareholder. Brookfield and EIG Partners last week offered a "best and final" A$9.53 per share for Origin after raising a previous bid. Australia's largest pension fund AustralianSuper opposes the offer and intends to use its 15% stake to vote against the deal at a Nov. 23 shareholder meeting. Origin Energy shares traded 1.9% higher at A$8.905 at 2 p.m. AEDT (0300 GMT) and are up 5.1% since the close of trade on Nov. 2, when AustralianSuper rejected the improved offer. Reporting by Scott Murdoch and Lewis Jackson; Editing by Leslie Adler and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Glass, Canada's Brookfield, AustralianSuper, Glass Lewis, Scott Murdoch, Lewis Jackson, Leslie Adler, Jamie Freed Organizations: Brookfield, REUTERS, Rights, Energy, EIG Partners, Services, Origin Energy, Australia Pacific LNG, Thomson Locations: Brookfield, Australia
Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBERLIN, Nov 8 (Reuters) - Siemens Energy (ENR1n.DE) expects more than 1 billion euros ($1.1 billion) in revenues over the medium-term from its hydrogen electrolyser manufacturing business, one of the company's board members said on Wednesday. Anne-Laure de Chammard spoke to journalists on the sidelines of the opening of Siemens Energy's first electrolyser factory in Berlin, a joint venture with France's Air Liquide (AIRP.PA). Asked about the progress of those talks, de Chammard said: "We will provide more information in a later moment." For the electrolyser project that aims to produce electrolyser capacity of up to 3 gigawatts per year, Siemens Energy has received 15 million euros ($16 million) in government funding for research and development, de Chammard said.
Persons: Dado Ruvic, Anne, Laure de Chammard, De Chammard, de Chammard, Riham Alkousaa, Christina Amann, Christoph Steitz, Mark Potter Organizations: Siemens Energy, REUTERS, Rights, Siemens, France's, Thomson Locations: Berlin
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 7 (Reuters) - Proxy advisory firm Institutional Shareholder Services (ISS) has recommended investors vote in favour of a Brookfield-led consortium's $10.5 billion bid for Australia's Origin Energy (ORG.AX). Brookfield and EIG Partners has offered A$9.53 per share for Origin Energy. AustralianSuper, which holds a 15.03% stake, has said it believes the consortium's bid substantially "undervalues" Origin and will vote against the offer. Brookfield will take ownership of Origin's energy markets business if the vote is in favour of the bid, while EIG's MidOcean Energy will gain a 27.5% stake in Australia Pacific LNG (APLNG). In that scenario, EIG will own Origin and sell the energy markets business to Brookfield, meaning remaining shareholders, including AustralianSuper, will own only APLNG.
Persons: Dado Ruvic, Scott Murdoch, Paul Simao Organizations: Brookfield, REUTERS, Rights, Services, Origin Energy, EIG Partners, Shareholders, Energy, Australia Pacific LNG, Thomson Locations: Brookfield, Australia, Sydney
"AustralianSuper believes Origin has a highly strategic portfolio of assets to participate in, and benefit from, the energy transition," a spokesperson said. Origin shares plunged as much as 5.6% to A$8.565 in high-volume trading following the news, as AustralianSuper's 13.68% holding could scupper a deal that requires approval from 75% of the register if not all investors vote. Should the deal fail at the shareholder vote scheduled for Nov. 23, a revised agreement allows the consortium to make a subsequent off-market bid if it buys 5% or more of Origin shares. "If it gets voted down, Brookfield aren't obligated to come back with an off-market takeover offer, but they may be inclined to," he said. Should the deal close, Brookfield and its partners GIC and Temasek will own Origin's Energy Markets business, which includes power generation and retailing.
Persons: Dado Ruvic, AustralianSuper, Canada's Brookfield, Brookfield, Jamie Hannah, Simon Mawhinney, Allan Gray, Stewart Upson, Scott Murdoch, Lewis Jackson, Sameer Manekar, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, bourse, Brookfield Asia, Energy Markets, Saudi Arabia's Aramco, Australia Pacific LNG, Thomson Locations: VanEck, Brookfield, Temasek, Saudi, Australia, Sydney, Bengaluru
A quick-and-easy test is to look for two items, said Sonu Shivdasani, founder of Soneva and Six Senses hotel brands. First, sustainable hotels should not have branded water of any sort, he told CNBC Travel. "Governments can create the context, but businesses need to make the change," Shivdasani told CNBC Travel. Source: SonevaShivdasani said he decided to institute a guest environmental levy after the company measured its "scope 3" emissions. Shivdasani said that after Soneva determined that 85% of its carbon emissions were "scope 3" emissions, the company introduced the 2% carbon levy.
Persons: Sonu Shivdasani, Soneva, Shivdasani, that's, It's, it's, Eva, Soneva Shivdasani, Kelvin Law Organizations: CNBC Travel, Nanyang Technological University, CNA, Soneva, World Health Organization Locations: Maldives, Thailand, British, India, Myanmar, Darfur, Sudan
These people were employees of GoStudent, an Austria-based online-tutoring startup that had quickly become the darling of the European tech scene. But 28 current and former GoStudent employees and tutors said they experienced a poorly run organization with clumsy management. Edtech companies "rarely have any major competitive advantage other than scale," a European venture capitalist who's not affiliated with GoStudent said. A GoStudent employee threatened to track down the petition's author using tutors' IP addresses, according to the German publication Handelsblatt. According to public documents updated in December 2022, GoStudent had shrunk to 15 markets and 1,500 employees, including its acquisitions.
Persons: Felix Ohswald, Gregor Müller, GoStudent, who'd, I'm, Heinz, Peter Meidinger, cofounders, Ferdinand von Hagen, Prada, GoStudent's, Dave Benett, Müller, , Ohswald, Anthony Canavan, Canavan, Brutkasten, Norbert Wess, Harry Murphy, Duncan McIntyre, McIntyre, Neel Gupta, Anna Tuchy, Patrick Nadler, Nadler, Sarah Heuberger, Ross Slater Organizations: German Teachers ' Association, Employees, GoStudent, Conseil, prud'hommes, DBS, Safety Officers, Web, Getty, JP Morgan, Barclays, Deutsche Bank, TechCrunch, Organisation for Economic Cooperation Locations: Vienna, Austria, Silicon Valley, North America, South America, Europe, London, France, Soho , London, Dock, DACH, Germany, Switzerland, Spanish, Sweden, Swedish, GoStudent, Ukraine, Ibiza, GoStudent's, Deliveroo
Elon Musk’s worst nightmare
  + stars: | 2023-10-12 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +13 min
It's hard to tell, for a simple reason: The data on the safety of robot cars sucks. Until robot cars have traveled for hundreds of millions of miles, there's no way to get a statistically significant, unequivocal conclusion. If the data on robot cars is equivocal or incomplete, then those rules should keep them off the road. In a sense, she's Elon Musk's worst nightmare. To her, the safety of self-driving cars is not an abstract question.
Persons: Missy Cummings, Elon Musk, Cummings, Elon, Musk, Tesla, stans, Musk's, , that's, Terry Chea, Big, Waymo, Kyle Vogt, Cruise, Vogt, hillier, it's, Steven Shladover, Missy, She's, she's Elon, Don Quixote, Adam Rogers Organizations: Twitter, Duke University, National, Traffic, Musk's bros, NHTSA, George Mason University, Cruise, Navy, LinkedIn, Waymo, UC Berkeley's Institute of Transportation Studies, San, Boeing, Max Locations: San Francisco, Muskovites, Silicon, Silicon Valley, California
Australian Super, the largest investor, raised its stake to 14% last month and called the shares undervalued. Perpetual, a major Australian fund manager and Origin shareholder, has pushed Brookfield and its partner, U.S. private equity firm EIG, to consider raising their offer to win Origin, according to local media reports. Origin shares jumped to A$9.19 in early trading, well above the A$8.91 per share price of the consortium bid lodged in March, on speculation a higher offer could be forthcoming. Under the consortium deal, Origin will be broken up into two businesses, with its energy markets arm including its electricity generation and electricity and gas retail businesses to be acquired by Brookfield. Brookfield would also be prohibited from selling more than 10% of either Origin or AusNet in the future to one party.
Persons: Dado Ruvic, Max Vickerson, I'm, Vickerson, Newmont, Gina Cass, Gottlieb, Brookfield, Scott Murdoch, Jamie Freed 私 Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, Brookfield Corp, Australian Competition, Consumer Commission, stockbroker Morgans, Perpetual, Newcrest Mining, Energy, ACCC, AusNet Services Locations: Australian, Brookfield, Australia, Victoria
Packages of Kraft Foods' Singles cheese slices are displayed at a supermarket in New York. Kraft Heinz recalled nearly 84,000 cases of Kraft Singles cheese slices on Tuesday after multiple customers reported a choking hazard. After it received the complaints, Kraft Heinz discovered a manufacturing error in a wrapping machine used to enclose the cheese slices in the plastic. The issue in some cases caused a thin strip of plastic film to remain even after customers took off the packaging, Kraft Heinz said. Kraft Heinz urged all customers with affected products not to eat them and to return the cheese slices to the store where they purchased them.
Persons: Kraft Heinz, Joe's Organizations: Kraft Foods, Kraft Locations: New York, Jan
That is, the four domed niches embedded in the neo-Classical facade of the Met’s main entrance on Fifth Avenue. Each niche frames a plinth and is in turn framed by a pair of robust columns two stories high. The three artists chosen thus far — Wangechi Mutu, Carol Bove and Hew Locke — have done well enough, but it may be best to lower expectations. The Met’s facade is an oppressive windmill to tilt at. All use the past to enliven the sculptural present, erase boundaries between styles and cultures and employ new materials and techniques.
Persons: Mutu, Carol Bove, Hew Locke —, Huma Bhabha, Leilah Organizations: Metropolitan Museum of Art, Center Locations: New York, Iranian, Berlin, Europe, Dallas
The law significantly raises the EU's renewable energy targets, requiring 42.5% of EU energy to be renewable by 2030, replacing a current 32% target for that date. It faced a tough passage through negotiations among EU countries' governments, and only secured support after France won carve-outs for nuclear energy - which is low-carbon, but not renewable. EU countries and lawmakers had negotiated a deal on the renewable energy law in March which was supposed to be final, but was held up by countries seeking greater recognition of nuclear power. A Commission spokesperson said on Tuesday it was aware of the difficulties and was in touch with renewable energy manufacturers to discuss possible solutions. Europe got 22% of its energy from renewable sources in 2021, the latest year for which official EU data are available.
Persons: Pascal Rossignol, Markus Pieper, Pieper, Kate Abnett, Ed Osmond, David Evans Organizations: REUTERS, Rights, Union, France, European, EU, Thomson Locations: Bevillers, France, Rights BRUSSELS, EU, Brussels, China, Europe
Cobstone Mill, a 4-bedroom house in Buckinghamshire, England, is on the market for $11.4 million — and it comes with its own windmill. Ed Kingsford PhotographyCobstone Mill comes with an outdoor pool and windmill that was converted into a guest house, according to the Savills online listing. It is on the market for £9 million, or around $11.4 million, and overlooks the village of Turville in Buckinghamshire, England, the listing states. The property is most famously known for being a filming location for the 1968 film "Chitty Chitty Bang Bang," a spokesperson for Savills told Insider. Turville is known as a popular movie location because of its natural beauty and because it's in close distance to major London film studios, the spokesperson added.
Persons: Ed Kingsford, Chitty Chitty Bang Bang, Savills Locations: Buckinghamshire, England, Turville, London
A historic windmill in the English countryside that appeared alongside Dick Van Dyke and a magical flying car in the 1968 movie “Chitty Chitty Bang Bang” has gone up for sale. The black-and-white Cobstone Mill, in Buckinghamshire, England, just outside London, is part of a property that also includes a main house, about 37 acres of land and a swimming pool. The mill is thought to have been built around 1816 and was used to grind cereal until 1873, according to Savills, the real estate firm selling the property. Before the windmill could be used as a movie location it needed substantial renovations. The property had been damaged by a fire and, according to local media reports at the time, squatters had been living in it.
Persons: Dick Van Dyke, Chitty Chitty, Locations: Buckinghamshire, England, London
Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume. Many of Amazon's data centers listed in the permits have been built recently and some may still be under construction. "You cannot run a data center based on the variability of solar and wind," Boston said. Any producer of renewable energy can sell one REC for every megawatt hour of renewable energy it generates. Brady, the Cushman & Wakefield data center executive, said that data centers often match their backup generation to the capacity of a data center's power supply.
Persons: Shaolei Ren, David Ward, Abraham Silverman, Sean Brady, Glenn Youngkin, Steve Helber, Terry Boston, , Ben Hertz, Wood Mackenzie, Andy Jassy Mike Blake, Amazon's, Priya Barua, We've, Barua, Blackstone, Weston Swenson, Brady, Swenson, Josh Levi Organizations: Amazon, Washington DC, Amazon Web Services, UC Riverside, Columbia University's Center, Global Energy, Cushman & Wakefield, Dominion Energy, France's, AP, Greenhouse Gas Initiative, Republican, State Corporation Commission, Boston, state's Department, Environmental, Reuters, Microsoft, Google, Apple, Clean Energy Buyers Association, Virginia's Department, Industry, Cushman &, Dominion, Data Center Coalition Locations: Virginia, New York City, Washington, Seattle, France, Ward, Northern Virginia, West Coast, Cushman & Wakefield, CBRE
CNN —Ron DeSantis on Tuesday defended his record delivering “pro-life protections” as Florida governor following criticism from the Susan B. Anthony anti-abortion group over his reluctance to embrace a national ban. I’ll be a pro-life president, and I will come down on the side of life,” DeSantis told Kelly. “We are running on doing things that I know I can accomplish.”“I think the states have the primary jurisdiction over it,” DeSantis told Kelly. But clearly, right now, you are going to see different states go in different directions and I understand that,” DeSantis added. I think that’s humane to do.”Asked if he thought Trump has gone “soft on abortion a little bit,” DeSantis said, “Well, I think so.”
Persons: Ron DeSantis, Susan B, Anthony, I’ve, ” DeSantis, Megyn Kelly, DeSantis, “ I’ve, I’ll, Kelly, , , Marjorie Dannenfelser, Anthony Pro, ” “, ” Dannenfelser, Donald Trump, isn’t, Mike Pence, South Carolina Sen, Tim Scott, ” Scott, DeSantis –, Trump, Roe, Wade, Christian Broadcasting Network’s David Brody Organizations: CNN, America, GOP, South, Trump, Christian Broadcasting Locations: Florida, Concord , New Hampshire, South Carolina
Trader Joe's has announced a recall of two different types of cookies after the grocery chain was informed by a supplier that the products "may contain rocks." "If you purchased or received any donations of Almond Windmill Cookies and/or Dark Chocolate Chunk and Almond Cookies, please do not eat them," the company said on the announcements page of its website. "We urge you to discard the product or return it to any Trader Joe's for a full refund." The potentially contaminated cookies have been removed from all Trader Joe's locations, the company added. Shoppers who purchased the items in question can return them to any of the chain's locations for a full refund.
Persons: Joe's Organizations: Shoppers
Trader Joe's has recalled two types of cookies because they could contain rocks. This covers certain packs of its own-brand Almond Windmill Cookies and Dark Chocolate Chunk and Almond Cookies. Trader Joe's urged customers to return potentially-affected products for a full refund. Trader Joe's said that its supplier had informed it that the products "may contain rocks." The cookies do not appear to be listed on Trader Joe's website.
Persons: Joe's Organizations: Service Locations: Wall, Silicon
The Rembrandt House Museum in Amsterdam is hosting a pop-up tattoo parlor, with tattoo artists inking replicas of Rembrandt’s work on paying visitors. Renowned tattoo artist Henk Schiffmacher is half of the team inking Rembrandt's work onto visitors. Peter Dejong/APRenowned tattoo artist Henk Schiffmacher is one half of the team Schiffmacher & Veldhoen, who are recreating works by the 17th-century artist. Several designs—which cost between €100 and €250 ($109-$218)—have been on offer, including original etchings by Rembrandt, Rembrandt’s signature and his monogram. Visitors have come from across Europe and even the US to get inked at the museum, he said.
Persons: Rembrandt, Henk Schiffmacher, Peter Dejong, Schiffmacher, Organizations: CNN, , Visitors Locations: Amsterdam, , Rembrandthuis, Europe
To my son, born in the climate crisis: I see signs of hope
  + stars: | 2023-04-23 | by ( Bill Weir | ) edition.cnn.com   time to read: +11 min
The first looked at the twin crises of Covid and climate change as River was born; the second introduced him to Earth Day and what he could do. Watch Weir investigate “How to Unscrew a Planet,” on CNN’s “The Whole Story with Anderson Cooper,” Sunday at 8 p.m. Energy from clean sources, like this windmill in Texas, is heating and cooling more homes in America than ever before. “We call it climate intervention,” Kelly Wanser told me as we sat under bluebird skies and the Washington Monument. So far, it feels like your future will be marked in new stories to frame our wants and needs, and new tools to build Life As We Know It Could Be.
CNN —Russia has a fleet of suspected spy ships operating in Nordic waters as part of a program for the potential sabotage of underwater cables and wind farms in the region, according to a joint investigation by the public broadcasters of Sweden, Denmark, Norway and Finland. The investigation also said Russian ships appear suddenly following NATO exercises. One ship at the center of the investigation, the Admiral Vladimirsky, is officially used for underwater research expeditions, but is, according to the report, a Russian spy ship. A masked man emerged on the deck of the Admiral Vladimirsky, the ship at the center of an investigation that found a Russian fleet of suspected spy ships in Nordic waters. The investigation comes after Dutch intelligence officials warned Russia had tried to gain intelligence to prepare for the potential sabotage of critical infrastructure in their patch of the North sea.
REUTERS/Dado Ruvic/IllustrationMarch 31 (Reuters) - General Electric Co (GE.N) has settled all its outstanding wind turbine technology patent disputes in the United States and Europe with Siemens Gamesa Renewable Energy S.A (GAM.HA), the companies said on Friday. Siemens Gamesa had sued GE for patent infringement in 2020 over the latter's Haliade-X turbines. Last year, a Boston federal judge barred GE from making and selling its Haliade-X wind turbines in the United States, after a jury found they infringed a patent owned by Siemens Gamesa. But GE was allowed to continue making and operating the turbines for existing projects off the coasts of Massachusetts and New Jersey with royalty payments to Siemens Gamesa. In February, the same judge ruled GE must double its patent royalty payments to Siemens Gamesa for the turbines it uses in a renewable energy project off the New Jersey coast.
Miniatures of windmill, solar panel and electric pole are seen in front of NextEra Energy logo in this illustration taken January 17, 2023. Representatives for the U.S. Department of Justice, NextEra and Texas didn’t immediately respond to requests for comment Monday. Circuit Court of Appeals in August said the state’s law likely violated the clause and sent the case back to a Texas federal court for further consideration. V. NextEra Energy Capital Holdings, U.S. Supreme Court, case No. For Texas: Judd Stone of the Texas Attorney General’s OfficeFor NextEra: Lino Mendiola of Eversheds Sutherland, Stuart Singer of Boies Schiller Flexner and Matthew Price of Jenner & Block
THE HAGUE, Feb 20 (Reuters) - Russia has in recent months tried to gain intelligence to sabotage critical infrastructure in the Dutch part of the North Sea, Dutch military intelligence agency MIVD said on Monday. A Russian ship has been detected at an offshore wind farm in the North Sea as it tried to map out energy infrastructure, MIVD head General Jan Swillens said at a news conference. The vessel was escorted out of the North Sea by Dutch marine and coast guard ships before any sabotage effort could become successful, he added. "We saw in recent months Russian actors tried to uncover how the energy system works in the North Sea. "Russia is mapping how our wind parks in the North Sea function.
Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals. Last year the North Sea Transition Authority (NSTA), which regulates offshore energy activity, concluded that large crossovers between such ventures were unfeasible with current technology. This largely unreported clash risks undermining Britain's drive to meet its climate goals, according to the companies involved and a North Sea green transition expert. The BP-Orsted showdown could also presage similar disputes elsewhere in an increasingly crowded North Sea, the experts told Reuters. There is hope on the horizon for wind and CCS projects that share ground, say regulators and industry experts.
The government, meanwhile, welcomes renewables projects as they can generate jobs and extra income for communities plagued by poverty. The wave of solar, wind and other clean-energy projects is expected to take market share from historically predominant hydroelectric generation. Wind and solar power are abundant in areas thousands of miles north of metropolitan centers where it is mostly needed, industry officials said. New solar and wind plants are generally welcomed by environmentalists and can often offer much-needed income to small farms. Of this total, 83% is expected to come from renewable sources, including hydro, solar, wind and others.
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