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Service station in Offaly as part of a major acquisition by Corrib Oil

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Corrib Oil, one of Ireland’s leading service station and petroleum distribution providers, has reached a deal to acquire H2 Group, it was announced this week.

While subject to competition regulator approval, this deal will see Corrib Oil acquire 13 high-quality retail locations based in the south and east of Ireland, extending Corrib Retail’s footprint to 33 stores in total.

This includes the Texaco gas station located on the Athlone to Ferbane road.

The new sites are located in Listowel, Co. Kerry; Kildare; Limerick; Tipperary; Dublin; Laois; Offaly and Liège.

Corrib Oil, founded in Claremorris in 1987, operates two separate divisions, Corrib Retail and Corrib Distribution.

Corrib Retail currently operates 20 convenience stores with forecourt; while Corrib Distribution, a leading distributor of fuel oil and fuel, operates through 21 depots in 14 counties.

After maintaining a 22-year relationship with BWG Foods, all Corrib Retail convenience stores are under the Spar brand, while all forecourts are under the Circle K or Texaco brand, with in-store partners like Insomnia and Chopped.

The Corrib Distribution company supplies heating oil, highway fuels and lubricants from 21 distribution sites, operating a fleet of 78 highway trucks and 69 service vehicles across the country. Upon completion of the acquisition agreement, Corrib will operate at 54 sites in a total of 16 counties – 20 Corrib service stations, 21 petroleum distribution depots and 13 H2 group retail sites. Currently employing 700 people, the addition of H2 Group to Corrib Oil will bring the total number of employees to over 1,000.

Founded in 2004, the H2 Group operates 13 retail locations, 11 gas stations and a convenience store, with the thirteenth set to open in Kenmare, County Kerry next month.


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NP opens a solar service station in Couva

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Left to right: NGC CNG Chairman Curtis Mohommed, Energy and Energy Industries Minister Stuart Young, NP Board Chairman Sahid Hosein and John Gormandy, NP Acting CEO, have cut the ribbon to officially open the NP Preysal gas station, Couva. – Photo by Lincoln Holder

The long-awaited flagship NP (National Petroleum Marketing Company Ltd) gas station near the Preysal Bridge, which opened on Wednesday, has been called a new stop by the Minister of Energy and Energy Industries, Stuart Young.

Young said the government views openness as a significant achievement in the development of the compressed natural gas (CNG) industry since the government approved the introduction of CNG as part of the blending of transportation fuels in 1992. .

“Until then, the government has tried to focus on accelerating the use of CNG,” Young said.

He added that in light of growing global trends and the demand for more environmentally friendly fuels, reducing carbon emissions continues to be at the forefront of the global agenda and the government.

He delivered the speech at the opening ceremony of the solar power plant at the corner of Rivulet Road and Solomon Hochoy Highway in Couva.

The initiative was a collaboration between NP, the National Gas Company (NGC) CNG and the Sustainable Energy Division of the National Energy Corporation.

The resort spans over 65,000 square feet of land. Described as a new ultramodern site for the industry, it also has 20 filling points, ten for liquid fuels (premium, super and diesel) and ten for CNG.

Young congratulated all stakeholders in the project, saying most of the construction work had taken place in the past 18 months, during the covid19 pandemic.

Telling the site’s story, he said Dr Keith Rowley’s administration made lemonade from lemons.

The new NP Preysal Couva petrol station. – Photo by Lincoln Holder

“When this government came in 2015, this site was one of the remaining lemons,” Young said.

“We have heard very unwarranted attacks on the baseless NGC group of companies lately. As the Prime Minister and I have said, the time has not yet come for us to be able to tell the whole story of what happened recently with the NGC Group.

He said the government continues to conduct very complicated and complex negotiations with some of the world’s largest producers of oil and gas.

Young accused just before the 2015 general election, more than $ 26 million was spent by the NGC group on a government directive to “basically build a foundation and build some booths that were absolutely of no use whatsoever.” It has been called a “beautification project”.

“So I remind those who have the audacity now to challenge all the good work that has been done at NGC as they continue to deliver on their commitment to deliver value for the people of TT, I remind them that we, the people, don’t forget what they did with the NGC Group.

Young said when the government took office in 2015, more than $ 30 million in cash was spent on the site for no purpose other than using the word “beautification.”

He described the current gas station as one of the best in the English-speaking Caribbean.

Young said that from 2013 NGC CNG Co Ltd led the CNG initiative with a strategic partnership with many private and public entities.

The launch of the global CNG program, he said, has had environmental and economic benefits. In December 2020, the CNG initiative resulted in a reduction in carbon dioxide emissions of approximately 31,500 metric tonnes from 2014 to 2020 and a reduction in liquid fuel subsidies by $ 18.5 million.

He said from what he was told, the population of natural gas vehicles at TT is around 10,000. Young said he hopes the figure will rise to 17,000 during the year. next year.

Energy Minister Stuart Young refueled in a car. Photo by Lincoln Holder

Among those present at the ceremony were NP Chairman Sahid Hosein, NGC CNG Chairman Curtis Mohammed, Energy Chamber Head, Dr Thackwray “Dax” Driver and gas station concessionaire Premnath Dindial.

Young reiterated that the government is focusing on renewable energy and considering other areas of carbon neutral energy supply.

The gas station also has an electric charging system.

“I am delighted to see the first electric charger portal for electric vehicles, a public portal,” Young said.

“To prepare us, this ministry, together with the Ministry of Planning, is preparing a Cabinet note to seek approval to open this with a number of incentives, a number of policies to advance the electric vehicle in the TT.

“This is something that I am adamant about needs to happen in the coming weeks so that it can begin to be implemented.”

Young said the government is looking to increase the number of electric vehicles in the TT.

Many countries, he said, have reported a transition in sales of new vehicles using internal combustion engines as early as 2025, and several automakers have decided to stop manufacturing internal combustion engines soon.

Another goal of the government is the large-scale solar power project. This is expected to produce up to 112.2 megawatts of electricity to meet TT emission reduction commitments in the electricity sector.

Lightsource Renewable Global Development Ltd, Shell TT Ltd and BP Alternative Energy TT Ltd have formed a consortium for the project.

There will be two sites, Couva and Trincity 20.

“If all goes as planned, I can’t wait for its construction to begin next year,” Young said.

“I have a meeting with the stakeholders this afternoon. I am happy to report to them that we have finally secured one of these alternative generation licenses. “


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Harvard’s move to ditch its fossil fuel holdings reflects change

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Editor’s Note: This article is republished as it appears in The Conversation, a freelance news editor that works with academics around the world to disseminate research-based articles and commentary. The University of Oregon partners with The Conversation to bring the expertise and perspectives of its faculty members to a broad audience. For more information, see the note following this story.

Harvard University will continue to phase out all investments related to oil, gas and coal, she announced on September 9. When Larry Bacow, president of the school, announced this plan, he presented it as a response to climate change, part of a larger trend. this is gaining momentum among many large endowed institutions.

“We must act now as citizens, as academics and as an institution to address this crisis on as many fronts as we have at our disposal,” he wrote.

Climate activists on and off the Harvard campus have called the announcement a victory in response to their multi-year campaign to demand divestment from fossil fuels.

But as a law professor who writes and researches the role that climate change considerations can play in investments held by universities, foundations, and other large institutions, I see it more as part of it. ‘a bigger story. Investing with climate change in mind is now accepted practice for endowments, whether or not an institution uses the word divestment to describe this strategy.

No quick change

Interestingly, Bacow didn’t say Harvard is moving away from fossil fuels.

Instead, he explained that less than 2% of his roughly $ 42 billion endowment is tied to these industries, through stakes in private equity funds. These indirect investments will soon be phased out and Harvard will no longer acquire new assets exposed to fossil fuels in the future, its president said.

“We don’t think such investments are prudent,” Bacow said.

And it’s not a sudden change. The university’s stated intention to divest its fossil fuel holdings is a continuation of a long-standing strategy. Several months earlier, in February, Harvard had said it “no longer had direct exposure to companies exploring or developing new reserves of fossil fuels.”

The term divestment is generally used in business to refer to the sale of an asset or the division of a business. In this context, it means selling stocks, bonds and other assets held in an investment portfolio linked to a specific industry for ethical reasons rather than for financial reasons.

Some schools, including Rutgers University and American University, followed a strategy similar to Harvard’s and called it “divestment.”

Harvard, however, has refused even now to use this word. As a result, students, faculty and others continued to pressure Harvard to dry out, even after it started moving in that direction in 2008.

What changed?

Investing with a view to climate change, or more broadly the use of sustainable and responsible investment strategies, has transformed and has become much more common in recent years.

Investing that incorporates environmental, social and governance factors into decision-making, known as ESG investing, can mean avoiding a company because this information indicates unmatched financial risk.

Since many people are used to seeing climate or environmental factors as non-financial, the idea of ​​using environmental information in an investment decision seems risky, but it is not necessary. Environmental information is added to traditional financial measures, with the aim of improving financial returns or reducing financial risks.

Efforts to address concerns about climate change and its severe financial consequences create good investment opportunities that could help investors make money as well. A study that looked at 35 university endowments that disengaged from fossil fuels, whether they call it that or not, found that refraining from investing in these industries generally did not affect the performance of the 2011 endowments. to 2018.

Aligning an organization’s investments with its mission has also become more common and accepted practice for charities, a category of nonprofit organizations that includes Harvard and thousands of other universities.

The Internal Revenue Service has issued guidelines on how charities, as long as certain conditions are met, can use investments to help them carry out their missions and not just to generate income. Indeed, the IRS has stated that some charities may achieve a lower return on investment than the market because of practices related to their missions.

For example, a charity seeking to improve air quality may invest its holdings in wind, solar, and other forms of renewable energy. Even though these investments may seem doomed to produce a lower return than other types of assets, which may prove to be an unfounded fear, the investment should nonetheless be considered prudent because it achieves the mission of the organization.

This is why I was intrigued to see that Bacow’s open letter to the Harvard community recognized that seeking to slow climate change is tied to the university’s mission. Its endowment “constitutes a portfolio of investments in funds that support the transition to a green economy,” he wrote.

The letter also emphasizes Harvard’s mission: “The primary way we influence the world is through our research and our teaching,” Bacow wrote.

As complicated as strategies to use a university’s endowment to combat climate change may be, I would expect to see other schools follow Harvard’s lead.

—By Susan Gary, University of Oregon


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Hochul’s green speech offers hope she will kill Queens fossil fuel plant

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Governor Kathy Hochul’s support for two new power lines to bring clean energy to the city gives some hope to opponents of a fossil-fueled power plant project in Queens.

For more than a year, conservationists have been protesting against the energy company NRG’s plan to replace a half-century old “peaker” power station in Astoria with a new type of gas-fired installation. NRG maintains that gas is necessary for reliability.

The Astoria peak factory has been in existence for half a century.
Ben Schumin / Wikimedia Commons

Peaks are highly polluting power plants, emitting more nitrogen oxides and carbon dioxide per unit of electricity than conventional power plants. They work when the demand for electricity is high, in cold weather or in hot weather. Residents nearby breathe in these toxins, causing and exacerbating respiratory illnesses such as asthma.

Hochul on Monday on Monday supported two transmission line proposals to bring clean power to New York City from Canada and say goodbye to fossil fuels – a move that environmentalists say will pave the way for the state to refuse permits for the Astoria project. .

“With new transmission lines, we can shut down more peak power plants,” said Annel Hernandez, associate director of the New York City Environmental Justice Alliance. “But whether or not we build new transmission lines, which are needed, it is already proven that we do not need the Astoria project.”

“Replace dirty polluting plants”

Hochul did not say whether she opposed the NRG plant and declined to answer the question directly on Tuesday.

“My goal in creating these new transmission lines – and it seems a long way off – my goal is to replace these dirty polluting factories all over town,” Hochul said, appearing on the roof of the Javits Center for a Climate Week announcement. .

Hochul is one of the few local elected officials not to influence the project. The plan met with opposition from Mayor Bill de Blasio, Senate Majority Leader Chuck Schumer, Representatives Carolyn Maloney and Alexandria Ocasio-Cortez, Senators Jessica Ramos and Michael Gianaris, and Assembly Members Zohran Mamdani and Jessica González-Rojas, among others.

Environmental activists protested an Astoria power plant project at an Earth Day celebration in Queens on April 24, 2021.

Environmental activists protested the planned replacement of the power plant during an Earth Day celebration in Queens on April 24, 2021.
Ron Adar / Shutterstock

Still, Hochul’s comments suggest that she may not be convinced by NRG’s arguments that the new plant is needed to ensure energy reliability, said Alex Beauchamp, Northeast Regional Director of Food. and Water Watch.

“It shows that the governor is excited about a future where we are not dependent on fossil fuels,” he said. “We can do this through a mix of expanding renewables and expanding transmission and battery storage…. I hope that this can be the side of a real commitment on his part to choose renewable energies.

In August, the State Department of Environmental Conservation said the Astoria project did not comply with state environmental law that mandates reductions in greenhouse gas emissions – this that Commissioner Basil Seggos reiterated on Tuesday. The DEC is expected to make a decision on the plan in the coming weeks.

A spokesperson for NRG did not respond to a request for comment. But according to the company, the replacement project will result in reduced greenhouse gas emissions, cheaper electric tariffs and better air quality compared to the current 50-year-old unit.

Eventually, the company said, the plant will run on renewable hydrogen. But that’s a “vague promise,” said Rachel Spector, senior lawyer at EarthJustice who earlier this month filed comments opposing Project Astoria on behalf of several local environmental and community groups.

The future transmission lines supported by Hochul “are a big part of the reason the Astoria plant is not needed,” Spector said.

Another part, she pointed out, is that Con Ed is working on a series of transmission projects and network upgrades. These efforts, according to the Civil Service Commission, which approved them, would meet the need for reliability and allow Peak Astoria to retire.

Green “extensions”

The first is the Champlain Hudson Power Express, which would bring hydropower along a 339-mile-long route from Canada to the Rainey substation at Con Edison on Roosevelt Island. The second is the Clean Path New York line, which would run 174 miles from Delaware County to Astoria, carrying solar, wind and hydroelectric power.

Hochul described the projects as “extensions” that would help displace renewables and play a key role in achieving state goals, including 70 percent of energy produced from renewable sources by 2030.

The lines could power 2.5 million combined homes, Hochul said – helping phase out fossil-fueled power plants while generating thousands of jobs.

It is up to the Civil Service Commission to finalize the projects, which the electricity customers would help to subsidize. Power purchase contract negotiations are underway, but New York City is expected to purchase some of the juice.

If approved, the Champlain Hudson Power Express would open in 2025, with construction of Clean Path New York starting two years later.

Transmission lines, plus what the state has concluded so far for offshore wind, would power half of New York City’s annual electricity consumption, according to Doreen Harris, CEO and President of the New York State Energy Research and Development Authority (NYSERDA).

And de Blasio said the projects would lead to 100% renewable electricity supplying “the whole of New York City government” by 2025.

Dreaded “detrimental effects”

But environmental groups have expressed concerns about the Champlain Hudson Power Express project.

The Champlain Hudson Power Express “has questionable climate benefits and also has very significant human rights implications due to opposition from First Nations in Canada,” said Shay O’Reilly, a senior representative of the organization of the Sierra Club’s Beyond Coal campaign.

Indigenous groups in Canada have expressed concerns about other international transmission projects of Hydro-Quebec, the utility company that would oversee the production assets of the Champlain Hudson Power Express.

In a letter sent to municipal authorities in May, a coalition of five First Nations from northern Quebec denounced and condemned the “harmful effects” of the transmission line.

“Said project would also cause serious and possibly irreversible damage to the natural environment on which our communities depend and on which our culture is based,” they wrote..

Part of the concern would be the possibility of the company building more dams to generate more hydropower, harming local communities.

Lynn St-Laurent, a spokesperson for Hydro-Quebec, said the electricity sent to New York would come from the company’s existing facilities. She said there were no plans to build more dams “in the foreseeable future” and that any new additions would come from “wind energy and energy efficiency measures”.

St-Laurent added that the company “seeks to maintain collaborative and lasting relationships” with Indigenous communities – and highlighted the co-ownership agreement the company has entered into with the Mohawk Council of Kahnawake regarding the Champlain Hudson Power Express. .

Think locally

Yet conservationists say the best way to generate electricity with the most benefits – for health, the environment and the economy – would be to generate and store renewable energy locally. .

“Buying hydropower from a foreign country is not the way to stimulate a just transition in New York, New York. This is not the way to catalyze job creation, ”Hernandez said.

The Champlain Hudson Power Express would directly create 485 full-time construction jobs and 40 permanent full-time jobs in New York City, according to an estimate commissioned by the developer, Transmission Developers Inc.

Hydro-Quebec and Transmission Developers have also committed $ 40 million to provide vocational training to residents living along the road.

DEC is reviewing the more than 9,000 comments submitted about NRG’s proposal, said Jeff Wernick, spokesperson for DEC.

Spector said much hinged on the DEC’s decision.

“It will be a huge signal on how [the state’s] will implement the climate law, ”she said. “You can’t build fossil fuel infrastructure now because that’s not a way to get where we need to go. “



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Garage and Gas Station Market Recent Trends, Development, Growth and Forecast 2021-2026 – Stillwater Current

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Key trends, industry analysis, and competitive study indicate the growth rate of the Global Garages and Gas Stations Market over the forecast period

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OPEC Secretary General calls for more investment in fossil fuels amid gas crisis in Europe

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Newswires MT 2021

All news about NATURAL GAS SERVICES GROUP, INC.
Sales 2021 70.2 million

Net income 2021 -3.35M

Net debt 2021

PER 2021 ratio -38.5x
Yield 2021
Capitalization 128 million
128 million
Capi. / Sales 2021 1.83x
Capi. / Sales 2022 1.83x
Number of employees 229
Free float 91.7%

Chart NATURAL GAS SERVICES GROUP, INC.
Duration :

Period:

Natural Gas Services Group, Inc. Technical Analysis Table |  MarketScreener

Technical Analysis Trends NATURAL GAS SERVICES GROUP, INC.

Short term Mid Road Long term
Tendencies Neutral Neutral Neutral

Evolution of the income statement

To sell

To buy

Average consensus TO BUY
Number of analysts 2
Last closing price

$ 9.62

Average price target

$ 16.00

Spread / Average target 66.3%


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New Mexico Introduces Rule to Reduce Fossil Fuel Pollutants | Local News

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State regulators on Monday presented a proposed rule to reduce emissions of fossil fuels that cause ground-level ozone, a pollutant that can be harmful to public health and the environment.

Regulators, industry representatives and residents have started talks – which could last up to two weeks – over the state’s “precursor ozone rule” proposed by the state’s Department of the Environment to reduce common pollutants from oil fields, mainly in the Permian and San Juan basins.

Lawyers, technicians, and other analysts spent much of the day presenting data and haggling before the state’s Environmental Improvement Council about stringency of regulations to reduce pollution known to impair breathing and , in higher doses, damage the lungs.

State and federal officials have said their monitoring devices show nitrogen oxides and volatile organic compounds – called VOCs – which form ozone, have been on the rise at oil and gas sites in recent years and need to be reduced. Environmentalists agreed.

“These pollutants are harmful to human health,” said Charles de Saillan, an attorney at the New Mexico Environmental Law Center. “One of the VOCs emitted by oil and gas is benzene, a known human carcinogen.”

Lowering VOCs would help curb the release of methane, a potent greenhouse gas that accelerates climate change, said de Saillan.

Climatologists estimate that methane is 80 times more powerful at warming the earth over a 20-year period than carbon dioxide.

The new rule would initially cover the counties of Chaves, Doña Ana, Eddy, Lea, Rio Arriba, Sandoval, San Juan and Valencia.

It primarily targets counties where emissions meet at least 90 percent of the federal standard for ambient air quality.

A key part of the rule would be how the amount of emissions from the wells would trigger inspections.

An annual inspection would be required for less than 2 tonnes; semi-annual for 2 to 5 tons; and quarterly for more than 5 tonnes.

Having to perform more than one spot inspection on less polluting wells is a sore point for the industry, which claims it is onerous for small operators.

This grievance was not specifically voiced by oil and gas officials on Monday, but they made it clear that they believe much of the regulation was unwarranted.

They challenged the methodology the state used to draft the provisions, such as tighter monitoring of low-production wells.

They also asked how effective it will be in reducing ozone compared to its cost.

” It is very expensive [rule] compared to a lot of those who appear before this board, ”said John Hiser, an attorney representing the New Mexico Oil and Gas Association. “The other thing that… is important about this rule is that it has a somewhat limited impact on those ozone levels. It is not a quick fix that will solve all of New Zealand’s ozone problems. Mexico.

The state’s own modeling shows the rule would reduce ozone by less than one part per billion on average in the northwest and by 0.2 parts per billion in the southeast, Hiser said, referring to to the two oil-rich basins.

But regulators estimate the rule will reduce precursors by around 260 million pounds per year. It would also reduce methane pollution by about 851 million pounds per year.

Removing this amount of ozone is equivalent to taking 8 million cars off the road each year, they estimate.

A federal official said monitoring shows pollutants drifting into Carlsbad Caverns National Park from Permian oil fields.

“I think the evidence is pretty clear that there is an exceedance of the ozone standard there, and part of the solution is to look at the oil and gas emissions in that region,” John said. Vimont of the Air Resources Division of the National Park Service.

Kayley Shoup of Citizens Caring for the Future said she believed the government was protecting her and other residents of the Carlsbad area from toxic pollution, such as ozone, but then found the monitoring was lax.

“Due to the abysmal lack of enforcement in the Permian, we need to have stricter rules such as those proposed today,” Shoup said. “Rules that require things like frequent inspections, especially at sites close to schools and neighborhoods. They are currently our only line of defense against methane and VOC pollution.

Lawyer Louis Rose, representing the Independent Petroleum Association of New Mexico, said that in oil-producing regions, ozone should be reduced by focusing on reducing nitrogen oxides, not VOCs.

This plan goes too far in trying to reduce VOCs, which have minimal contribution to ozone formation, Rose said. Because VOCs interlock with methane, it’s an indirect way to regulate methane, he added.

“We believe [VOCs] do not justify the degree of control the ministry is proposing over VOC emissions, ”Rose said. “This is not a rule on methane. Any consideration of this advice on methane reductions … we believe it is wrong and would violate this law. “

A state regulator has argued that the crackdown on methane as well as ozone is vital for the well-being of communities.

This methane rule correlates with the adoption of rules by the state’s Petroleum Conservation Division in March that limit the venting and flaring of natural gas, said Sandra Ely, director of the Division of Natural gas. state environmental protection.

Together, they will reduce ozone and greenhouse gases, better protect public health, and be a model for the United States Environmental Protection Agency’s methane rules, Ely said. The fossil fuel industry accounts for 53 percent of the state’s greenhouse gases, she added.

If the state doesn’t take action, she said, the federal government will – and that would increase the industry’s regulatory burden and costs much more.

“High levels of ozone pollution not only endanger public health by breathing unhealthy air, but could lead the EPA to step in to demand that the state implement federal requirements to reduce pollution in the area. ‘ozone,’ Ely said.


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Midlands gas station is part of Corrib Oil’s latest acquisition

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One of Ireland’s leading providers of petrol stations and distribution, Corrib Oil, has announced that it has signed an agreement to acquire the H2 Group, which includes a Ferbane petrol station.

The deal, announced today (Monday), will see Corrib Oil acquire 13 high-quality retail locations based in southern and eastern Ireland, extending Corrib’s business footprint to a total of 33 stores .

The sale includes Texaco Spar service station, Athlone Road, Ferbane in Offaly, as well as new locations in Listowel, Co Kerry, Kildare, Limerick, Tipperary, Dublin, Laois and Cork.

Commenting on the agreement which is subject to the approval of the competition regulator, Eugene Dalton, CEO of Corrib Oil, said that the acquisition of H2 Group is an important step in the company’s growth strategy, offering a opportunity for retail and distribution business to further develop.

“At H2 Group, we see great potential and have acquired a network of strong and profitable companies, led by a team of experts. The addition of the company’s leading and strategically positioned retail locations to our portfolio expands our retail presence and footprint across the country, with 54 locations in 16 counties.

“Our expanded business will have the scale, scope and capabilities to be more competitive and deliver improved and expanded service to more customers, through our major partner brands and home heating and heating services. fuel oil, ”he said.

Corrib Oil, founded in Claremorris in 1987, operates two separate divisions, Corrib Retail and Corrib Distribution.

Corrib Retail currently operates 20 convenience stores with forecourt; while Corrib Distribution, a leading distributor of fuel oil and fuel, operates through 21 depots in 14 counties.

After maintaining a 22-year relationship with BWG Foods, all Corrib Retail convenience stores are under the Spar brand, while all forecourts are under the Circle K or Texaco brand, with in-store partners like Insomnia and Chopped.

The Corrib Distribution company supplies heating oil, highway fuels and lubricants from 21 distribution sites, operating a fleet of 78 highway trucks and 69 service vehicles across the country.

Upon completion of the acquisition agreement, Corrib will operate at 54 sites in a total of 16 counties – 20 Corrib service stations, 21 petroleum distribution depots and 13 H2 group retail sites. Currently employing 700 people, the addition of H2 Group to Corrib Oil will bring the total number of employees to over 1,000.

Founded in 2004, the H2 Group operates 13 retail locations, 11 gas stations and a convenience store, with the thirteenth scheduled to open in Kenmare, County Kerry next month.

Led by Managing Director Sean Heaphy, H2 Group currently employs 300 people. Heaphy will join Corrib Oil as a director.

Mr. Heaphy said the acquisition was a positive development and a great opportunity for both companies.

Scheduled for more than nine months, the transaction was managed by Capnua Corporate Finance.


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Revealed: COP26 ‘Sustainability’ Advisor’s Links to Fossil Fuel Companies

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Arup is getting more than a quarter of a million pounds of public money to ensure the November gathering of world leaders is as green as possible.

But amid ongoing questions about the fossil fuel industry’s influence on COP26, environmental groups and politicians have denounced the involvement of a company that designed and installed offshore platforms in the fields. of oil and gas from around the world.

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Greenpeace accused the government of “tapping into the oil industry’s cookie box”, while Scottish Labor said it was wrong to reward companies that “promote the interests of big polluters”.

The SNP called for “full transparency” around the contract in light of Arup’s ties to Prime Minister Boris Johnson.

The company received £ 8.4million for its work on the doomed Garden Bridge project during Mr Johnson’s time as mayor of London. An independent review subsequently criticized the procurement process.

The UK government said Arup was awarded the contract on the basis of technical and commercial evaluations, and that there had been “a fair and transparent competitive bidding process”.

There has been no official government announcement on Arup’s role at COP26, but he is paid £ 265,191 to advise the government, develop a carbon management plan and build a sustainable supply chain.

Work is underway to prepare the site for the COP26 climate summit on the SEC Glasgow campus. Photo: Jeff J Mitchell / Getty Images

While Arup has set its own net zero goal for 2030 and is working on numerous renewable energy projects as part of its global portfolio – which includes airport design – it has worked with Shell on platforms – forms offshore as far as Indonesia, the Philippines, Turkmenistan, Newfoundland and New Zealand. The latter is capable of producing 35,000 barrels of crude oil per day.

In 2014, he was hired by Xcite Energy to design an offshore platform in one of the largest undeveloped oil fields in the North Sea, although the project did not progress to construction.

The following year, Arup joined MFDevCo, a consortium aimed at developing marginal oil and gas fields in the North Sea. He is still listed as a member on MFDevCo’s website, but Arup said it appeared his last active engagement with the group was five years ago and his membership had “long expired.”

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Revealed: the “shocking” carbon footprint of the COP26 sites

The SNP has called for “full transparency” around the Arup contract given the company’s ties to Prime Minister Boris Johnson. Photo: Richard Pohle / WPA / Getty

However, his work for fossil fuel companies continued. Just last year, a high-tech inspection service co-developed by Arup to help operators cut costs was deployed on the Beryl Alpha, one of the largest offshore platforms in the North Sea. . As recently as 2016, she was doing environmental consulting work for the hydraulic fracturing company Cuadrilla in the north of England.

Arup did not respond to several questions from Scotland Sunday on any current or future work he has planned with companies involved in oil and gas extraction.

A spokesperson for the company said it was taking its responsibilities as a COP26 sustainability consultant “extremely seriously”, adding that it was “well on the path to transition” and focused on renewable energies.

But Charlie Kronick, Senior Climate Advisor for Greenpeace UK, said: “This contract shows that the government – not to mention the economy – is still extremely dependent on the fossil fuel industry.

Monica Lennon, of Scottish Labor, said it was wrong to award lucrative public contracts to companies that “promote the interests of big polluters”. Image: PA

“To deal with the climate crisis, this government will need to make a credible commitment to a just transition to renewable energy, instead of continuing to tap into the oil industry’s cookie box.”

Richard Dixon, Director of Friends of the Earth Scotland, said: “Asking Arup for advice on carbon neutrality is a bit like asking a car dealership for advice on a public transport project. With so many companies specializing in sustainability, it’s hard to understand how a company so involved in fossil fuels can be the right choice. “

Monica Lennon MSP, spokesperson for net zero and energy for Scottish Labor, said: “It is wrong that companies which defend the interests of big polluters are the beneficiaries of lucrative public contracts to fight the climate emergency. . Governments should be more careful to avoid such conflicts of interest. “

Scottish Greens climate spokesperson Mark Ruskell MSP said: Emissions can be offset.

Arup, who posted annual profits of £ 37million, made headlines amid the fallout from Garden Bridge. An independent review of Dame Margaret Hodge MP in 2017 concluded that the procurement process was “not open, fair or competitive,” stating: “Ultimately, then-mayor Boris Johnson must be held responsible for that.

Isabel Dedring, Arup’s global transport leader, was also Mr Johnson’s deputy mayor for transport. In January, she was appointed to the Prime Minister’s Council for Better Reconstruction.

SNP spokesperson for the environment and COP26 MP Deidre Brock said: “The decision to hire a company with such strong ties to the Conservative Party seems extremely questionable.

“What is more worrying, however, is the connection Arup has with the Prime Minister. The British government has already awarded lucrative contracts to Conservative associates.

“There needs to be full transparency on how these contracts have been distributed and whether or not these companies are best placed to tackle the key issues of COP26.”

The Arup spokesperson said: “Climate change demands urgent action on adaptation, mitigation and a just transition. Like Scotland itself, our company has reviewed its relationship with the energy sector, especially in recent years. We are very aware of our social responsibility to drive change.

A spokesperson for the COP26 unit, which is part of the Cabinet Office, said: “Sustainability is at the heart of COP26, with the UK offsetting all carbon emissions associated with hosting the event. The contract was awarded through a fair and transparent competitive bidding process.

“All organizations supporting COP26 have met strong criteria, which include making net zero commitments with a credible plan of action to achieve them, and are independently verified through the Science Goals initiative. . “

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Lady cries uncontrollably as the man she yelled at at a gas station for no reason surprisingly pays for his gas Nigeria news

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  • A man gave a huge surprise to a young woman she will not soon forget after the kindness he showed her
  • Bryan Brown accosted the lady at a gas station and was verbally abused by her for no obvious reason
  • As the lady got ready to leave, the nice man surprisingly paid for the gas she had bought and it reduced her to tears.

Meeting a lady with a stranger at a gas station left an impression that reduced her to uncontrollable tears.

Understanding Compassion reports Bryan Brown was behind an unidentified lady in a line at a gas station.

He had accosted the lady at the gas station Photo credit: Bloomberg, Daily Headlines
Source: Getty Images

Bryan while he waited his turn heard an exchange that ensued between the lady and the cashier.

The lady’s cards had refused payments

It turned out that her cards refused to make payment after the service was rendered to her and that pissed off the lady.

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He said:

“I was just in line at the gas station to get gas to take care of my own business .. It was this young woman in front of me that was taking forever .. I heard the cashier tell her that both cards had been declined. Something wrong with your machine? “

Daily titles Did he say that as the lady stormed out of the premises in anger, she saw Bryan smile and retorted harshly, wondering as he smiled.

“She turned to walk away and I had a smile on my face. I told him ‘look at your mouth; I’m still smiling and you should too. “

A kind act that surprised her

To the cashier’s amazement, Bryan approached the cashier after the lady left the premises and paid $ 20 (N 8,235.80) for her gasoline.

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The cashier reminded him of the lady’s action but he waved his hand.

The lady burst into tears when she heard how the man had returned his hurtful words to her.

It should be noted that the incident was recorded in 2015.

Nice gas station worker who paid for the lady’s fuel gets 8 years salary

During this time, Legit.ng previously reported that a nice gas station worker was rewarded with 8 years’ salary after paying for a lady’s fuel.

Nkosikho Mbele, who happened to be the attendant on duty, had first started wiping the screen of the lady’s car before rendering the service she had requested.

It was when Mbele wanted to refuel her car that Monet discovered that she had forgotten her card at home.

The 28-year-old pump attendant then intervened with a solution. He offered to pay for his fuel with his card with the promise that Monet would return it to him the next time she passed.

Source: Legit


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