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The timeline shows the challenges of quickly finding and implementing replacements for Packers Sanitation Services Inc (PSSI), which provides cleaning services at slaughterhouses. "We made the decision to terminate the agreements with PSSI," Hans Kabat, who leads Cargill's protein business in North America, told Reuters. Cargill said it notified PSSI in March that it was terminating services at a beef plant in Dodge City, Kansas, and then followed with all PSSI's sanitation contracts. One of the largest penalties stemmed from PSSI's contracts at Cargill's plant in Dodge City. Cargill, the world's largest ground beef producer, is reviewing options for cleaning plants, Kabat said.
WASHINGTON, April 25 (Reuters) - Chrysler-parent Stellantis NV (STLAM.MI) wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages, according to a United Auto Workers union letter made public Tuesday. A person briefed on the matter said the figure might be lower than the figure cited in the UAW letter. The action impacted about 1,350 workers at the Belvidere, Illinois, plant that built the Jeep Cherokee SUV and resulted in indefinite layoffs. The UAW letter said openings created by workers leaving would be filled by workers on indefinite layoff. Stellantis said in February that about 40,000 U.S. hourly workers were eligible for profit sharing.
The proposal aims to increase both demand for and supply of sustainable aviation fuels (SAF), which have net-zero CO2 emissions or low carbon emissions. The proposal sets binding targets for aviation fuel suppliers to ensure that all fuel made available to aircraft operators at EU airports contains a minimum share of SAFs from 2025, with the target increasing to 2050. In the nearer term, sustainable fuel is one of the few options to reduce air travel's carbon footprint. Airlines are set to receive around 2 billion euros in funding from the EU carbon market to help them switch to SAF. Biofuels can count towards the main SAF targets, so long as they comply with the EU's biomass sustainability criteria.
Companies European Central Bank FollowLONDON, April 24 (Reuters) - France's central bank governor François Villeroy de Galhau has pushed back against criticism of central banks' increasing involvement in the fight against climate change, calling the issue a "must have" focus. "Central banks' core mandate worldwide is price stability, and climate change already affects the level of prices and activity," Villeroy stressed. The debate about how much influence central banks can have in tackling climate issues has become increasingly divisive this year. Villeroy, however, who has long been a firm advocate of doing more, urged central banks and others to come up with better models of how climate change is likely to alter economies. It is also aiming to release short-term climate change scenarios by the end of 2024, which should show more adverse developments, incorporate tougher "shocks" and directly explore the potential impacts of climate change on inflation.
LONDON, April 24 (Reuters) - Issuing "catastrophe bonds" and setting up public-private partnerships could help plug the "insurance gap" to better cover damage from climate change, a discussion paper from the European Central Bank and European Union insurance regulators said on Monday. Only a quarter of EU climate-related catastrophe losses are insured, creating risks to the economy and financial stability from uninsured households and businesses not being able to recover quickly from extreme events like fire or flood, the paper from the ECB and EU insurance watchdog EIOPA said. Without action, the insurance gap could widen as more frequent and intense events lead to higher premiums, and impact credit supply from banks in high risk areas. Direct aggregate catastrophe losses in the EU totaled 487 billion euros ($535 billion) between 1980 and 2020, and insurer Swiss Re has estimated there were $120 billion of catastrophe losses globally last year. Actions could include incentivising people and businesses to mitigate against climate-related disasters by offering discounts on policies, the paper said.
OTTAWA, April 22 (Reuters) - A union representing some 155,000 striking Canadian public workers called on Saturday for Prime Minister Justin Trudeau to speed up negotiations over a deal for higher wages and work-from-home guarantees. "I need to see the prime minister getting involved in these negotiations and helping and assisting to move these negotiations along," Aylward said. "There is no time, nor tolerance for stalling and misinformation," the office of Treasury Board President Mona Fortier said in a statement. Tax agency workers want a pay bump of 22.5% over three years, while the Treasury Board workers are seeking a 13.5% pay rise over three years. Apart from wages, PSAC also wants the new agreement to recognize the right to work remotely.
A Reuters review of testimony, previously unreported public documents and interviews with elected leaders, lobbyists and attorneys detail mounting challenges to many pending anti-ESG bills. The tussles have financial implications for some of the largest investment firms that manage billions of dollars for state pension plans. Lauren Doroghazi, senior vice president at government relations consultant MultiState Associates, said the debates show lawmakers coming to terms with the anti-ESG bills' practical impact. Several public pension systems raised concerns about it, including the largest, the $182 billion Texas Teacher Retirement System (TRS). For instance, if federally-regulated local banks faced new national rules on an issue like climate change disclosures, banks would need special permissions from local officials to keep public business in Utah he said.
Companies Bp Plc FollowOSLO, April 22 (Reuters) - Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it will vote against a resolution calling on British oil major BP (BP.L) to adopt tougher greenhouse gas targets. The Norwegian fund, itself built on oil and gas revenue, owned 2.73% of BP's shares worth some $2.8 billion at the end of 2022. BP's board has recommended that shareholders vote against the resolution saying it was "unclear" what it wanted the company to do. Investor advisers ISS and Glass Lewis also recommended BP shareholders oppose the resolution, while Britain's Local Authority Pension Fund Forum (LAPFF) asked investors to back it. In February BP rowed back on plans to slash its 2019 oil and gas output levels by 40% by 2030, and now it envisages a 25% cut, angering climate activists.
The surprisingly strong figures sent shares in the company soaring more than 12% in Sao Paulo morning trading, with analysts highlighting improving operating figures and strong revenue trends. The firm's shares had already jumped roughly 30% in the previous two sessions after rival carrier Azul SA predicted bluer skies ahead, driving travel-related stocks in Brazil up. Analysts polled by Refinitiv had forecast a net loss of 484.75 million reais. Quarterly net revenue totaled 4.7 billion reais, up 61.7% and above analysts' forecasts of 4.46 billion. Full-year net revenue expectations were reduced by 500 million reais to about 19.5 billion reais, but diluted earnings per share in the full year were kept at 0.3 real, the airline added.
Other travel-related companies in Latin America's largest economy also soared, with shares in fellow carrier Gol Linhas Aereas Inteligentes SA (GOLL4.SA) and travel agency CVC Brasil (CVCB3.SA) rising 23% and 16%, respectively. The company also scrapped its forecast for roughly 3 billion reais cash burn in 2023. Azul expects to generate record revenue of 20 billion reais ($3.84 billion) this year and record earnings before interest, taxes, depreciation, and amortization (EBITDA) of more than 5 billion reais, roughly 40% above 2019 pre-pandemic levels, Rodgerson said. Non-adjusted figures, nonetheless, showed a positive bottom line of 231.2 million reais, reversing the previous year's loss. Total operating revenue rose 19.4% to 4.45 billion reais in the period, slightly below analysts' forecasts, while EBITDA matched expectations at 1.1 billion, up 6.9%.
Drivers say they're routinely getting blinded by surrounding cars' headlights. This isn't because headlight regulations have changed — regulations on brightness haven't been altered in decades. This isn't because headlight regulations have shifted — they haven't changed in decades, according to Greg Brannon, AAA's director of automotive engineering. Adaptive driving beams automatically adjust the high beams emitted from LED car headlights in real time to avoid blinding pedestrians and other drivers. So prepare for the immediate future to be even brighter, as the blinding glare problem may get worse before it gets better.
The gamma-ray burst, called GRB 211211A, lasted about a minute. Gamma-ray bursts are considered among the strongest and brightest explosions in the universe, and they can range from a few milliseconds to several hours in length. An artist's illustration of GRB 211211A shows the kilonova and gamma-ray burst (right) and ejected material from the explosion (left). After determining that a kilonova created the infrared light, astronomers grew even more puzzled by the gamma-ray burst’s duration. Gamma-ray bursts caused by these rare explosions have only ever been observed to last less than two seconds, but this signal lasted for at least one minute.
We’re going to win Georgia,” Biden said in response to questions regarding his outlook on the Georgia Senate runoff contest as he exited Air Force One Tuesday night. Share this -Link copiedWarnock defeats Walker in Georgia Senate runoff, NBC News projects Sen. Raphael Warnock has won his second statewide runoff election in the last two years, defeating Republican Herschel Walker in the increasingly purple state of Georgia to capture a six-year term in the Senate, NBC News projected. Share this -Link copiedThe Senate runoff election is still too close to call, but Warnock leads The Senate runoff election between Warnock and Walker is still too close to call, but Warnock leads, NBC News' Decision Desk said just before 10 p.m. Share this -Link copiedPolls close soon in critical Georgia Senate runoff Polls are closing at 7 p.m. ET in the Senate runoff election in Georgia, where Democratic Sen. Raphael Warnock is hoping to fend off a challenge from Republican Herschel Walker.
The turnout in the Senate runoff was nearly 75% to 80% of the entire turnout for the midterm election in November. Share this -Link copiedPolls close soon in critical Georgia Senate runoff Polls are closing at 7 p.m. ET in the Senate runoff election in Georgia, where Democratic Sen. Raphael Warnock is hoping to fend off a challenge from Republican Herschel Walker. Democratic Sen. Raphael Warnock has a massive ad-spending and fundraising advantage over Republican Herschel Walker in the runoff election. In the 2022 general election, Warnock grew his advantage in Henry County, winning it by just over 31 points.
Share this -Link copiedGroups work to mobilize Latino voters in Georgia Senate runoff From giving away bingo-like Mexican lotería cards to Taco Tuesdays and World Cup watch parties, Latino voting mobilization efforts ramped up in Georgia leading into the Senate runoff election. Share this -Link copiedPolls close soon in critical Georgia Senate runoff Polls are closing at 7 p.m. ET in the Senate runoff election in Georgia, where Democratic Sen. Raphael Warnock is hoping to fend off a challenge from Republican Herschel Walker. Democratic Sen. Raphael Warnock has a massive ad-spending and fundraising advantage over Republican Herschel Walker in the runoff election. In the 2022 general election, Warnock grew his advantage in Henry County, winning it by just over 31 points.
LED streetlights are supposed to shine for the better part of a decade. Every city with purple lights that responded to my queries or has public records on the matter bought its LED lights from Acuity. The blue LED, with its narrow wavelength, enabled all sorts of modern tech, from the compact disc to flat-screen monitors. Acuity and the purple cities haven't been entirely transparent on that matter. "The purple streetlights are a result of the phosphor coating delaminating from the LEDs," says Fiona Hughes, a representative for the city of Vancouver.
In the House, Republicans have 212 members and need to add six to guarantee a majority. Here’s a guide to some of the competitive races in which polls close early, which election forecasters say will carry a larger significance in reading the direction of the political environment. Virginia's three crystal ballsThe fates of three House Democrats first elected in the 2018 blue wave will tell a bigger story when Virginia’s polls close at 7 p.m. And in Florida, where polls close at at 7 p.m. Red wave sirensNew Hampshire is one of the earliest competitive Senate contests where polls close at 8 p.m.
BEIJING, Oct 16 (Reuters) - President Xi Jinping on Sunday said China will give priority to environmental protection and promoting green lifestyles, and that the conservation of nature was an essential part of building a modern socialist country. "Ecological and environmental protection has undergone a historical, transformational and comprehensive change - our motherland's skies are bluer, the mountains are greener and the water is clearer," Xi told more than 2,300 delegates. Xi vowed last year China - the world's biggest source of climate-warming greenhouse gases - would achieve carbon neutrality by 2060 after bringing emissions to a peak by the end of this decade. He told delegates China's carbon peak and neutrality targets would be implemented steadily and in accordance with the country's energy resources. China will support low-carbon industries, pursue an "energy revolution" and build a new energy system while continuing to promote the "clean and efficient use of coal", Xi said.
Ron DeSantis overpowered his own Legislature to pass a map that adds an additional four GOP seats. Nationally, Republicans are likely to net three to four House seats from new maps alone — most of the five seats they need to regain the majority. There are 36 House Democrats not running for re-election, mostly because many opted to retire rather than risk serving in the wilderness of the minority. And there’s state Sen. Jen Kiggans, a nurse practitioner and former Navy pilot challenging Democratic Rep. Elaine Luria in Virginia Beach. MAGA primary takeoversIn a handful of races, Republicans have nominated hardcore pro-Trump candidates who could jeopardize their ability to win swing seats.
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