Leverage – As Travel OFFL http://astraveloffl.com/ Tue, 22 Nov 2022 20:52:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://astraveloffl.com/wp-content/uploads/2021/04/cropped-icon-32x32.png Leverage – As Travel OFFL http://astraveloffl.com/ 32 32 RIT astrophysicists leverage cancer center to damage single-photon CMOS detectors for future space missions https://astraveloffl.com/rit-astrophysicists-leverage-cancer-center-to-damage-single-photon-cmos-detectors-for-future-space-missions/ Tue, 22 Nov 2022 19:41:24 +0000 https://astraveloffl.com/rit-astrophysicists-leverage-cancer-center-to-damage-single-photon-cmos-detectors-for-future-space-missions/ A recent trip to a cancer center in Boston helped astrophysicists at the Rochester Institute of Technology reach a key milestone in their mission to develop advanced CMOS image sensors for future NASA space missions. Researchers at RIT’s Center for Detectors irradiated single-photon detection and photon-count resolution CMOS detectors with protons at the Francis H. […]]]>

A recent trip to a cancer center in Boston helped astrophysicists at the Rochester Institute of Technology reach a key milestone in their mission to develop advanced CMOS image sensors for future NASA space missions. Researchers at RIT’s Center for Detectors irradiated single-photon detection and photon-count resolution CMOS detectors with protons at the Francis H. Burr Proton Therapy Center at Massachusetts General Hospital.

The researchers, led by Don Figer, principal investigator of the grant and director of the Future Photon Initiative at RIT and the Center for Detectors, are testing detectors that could one day identify individual photons from faint sources such as distant, habitable planets. . At RIT, they are able to simulate a space environment by using cryogenic chambers to create a vacuum and cool the device to the cryogenic temperatures it would experience in space. However, outer space is full of radiation that damages electronics, so researchers need to know how this radiation degrades detector performance.

“When you have a telescope in space with a detector, there’s a certain amount of radiation incident on it,” said a PhD in science and technology in astrophysics. student Lazar Buntic. “Although there are many types of radiation, most of it comes from the sun, which ejects a lot of protons and when they hit the detector they cause problems. The way we simulate this on Earth is that we enter a radiation test facility that has a way of creating that radiation and exposing our detector to it.

Buntic has called the MGH facility one of the best facilities in the world for controlling proton energy. While the facility is busy treating cancer patients throughout the week, the RIT team was able to use it over the weekend when the facility allows third parties to rent the proton beam line. The team loaded their sophisticated gear into a moving truck the Friday before Halloween, made the trip to Boston, and completed their tests in a dizzying 36 hours.

More than a year before irradiating the detectors, RIT researchers were able to simulate the dose of solar protons the detector would receive for an 11-year mission to the same location as the James Webb Space Telescope. The researchers chose to bombard the device with ten times the simulated dose, stopping at various large doses, to understand how the detector’s performance would scale and degrade beyond the expected mission lifetime.

“When you’re spending billions of dollars on these future space missions, you need to make sure the technology is up and running,” said Justin Gallagher, lab engineer for the Center for Detectors. “One of these tests is to measure and see the degradation. We need to quantify the decrease in performance of our device in a ‘simulated in space’ environment.

Gallagher and Buntic, who carried out the tests at MGH, said they were encouraged by the early results and the detector appears to exceed expectations.

For more information about the Center for Detectors, visit the Center for Detectors website.

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Opinion: Newsom is a historically popular California governor and needs to capitalize on it https://astraveloffl.com/opinion-newsom-is-a-historically-popular-california-governor-and-needs-to-capitalize-on-it/ Sat, 19 Nov 2022 19:00:00 +0000 https://astraveloffl.com/opinion-newsom-is-a-historically-popular-california-governor-and-needs-to-capitalize-on-it/ Governor Gavin Newsom delivers his State of the State address in Sacramento on March 8. Photo by Miguel Gutierrez Jr./CalMatters The balance sheet is now clear and the numbers are staggering. In 2018, Governor Gavin Newsom won 62% of the general election vote, the most of any Democratic governor in state history. In 2021, Newsom […]]]>
Gavin Newsom
Governor Gavin Newsom delivers his State of the State address in Sacramento on March 8. Photo by Miguel Gutierrez Jr./CalMatters

The balance sheet is now clear and the numbers are staggering.

In 2018, Governor Gavin Newsom won 62% of the general election vote, the most of any Democratic governor in state history. In 2021, Newsom defeated a recall effort with the same percentage of voters choosing to retain him. While some votes go uncounted, Newsom is poised to claim 59% or more this year – a resounding double-digit win for a second term.

They are historical figures. Of Newsom’s recent predecessors, only George Deukmejian has won 60% just once, earning almost 61% in his 1986 re-election bid after performing less than 50% in 1982. Compare that with the government of era. Ronald Reagan, who won 57% in 1966 before falling below 53% in 1970; Pat and Jerry Brown, who together averaged 55% over six elections; Arnold Schwarzenegger, who never exceeded 56%; and Gray Davis and Pete Wilson, who hovered between their 40s and 50s.

To find a governor whose electoral success rivals Newsom’s, you have to go back in time nearly 80 years to 1946, a decidedly less partisan time when Earl Warren won 91% of the vote when he ran for re-election. (as a candidate for the Republican and Democratic parties), and 64% in 1950.

To match Warren in getting votes – that’s rarefied political air. But skeptics will discount Newsom’s success predictably and superficially.

The first objection is that Newsom enjoys the structural advantages of a deep blue state. However, this is not enough to explain such wide margins. The fact is, Newsom has surprising support from non-Democrats, including 48% of California independents, according to an October survey by the Public Policy Institute of California. About 13% of California Republicans approve of Newsom’s performance so far.

For perspective, the same poll found President Joe Biden garnering a more modest approval of 44% of California independents and just 8% of Republicans, challenging Newsom’s national narrative as a partisan pugilist and Biden as a peacemaker. . But it’s also telling in another way. That underscores Newsom’s support across the political spectrum, the secret sauce to winning such high vote shares in a state whose registered voters are still mostly non-Democrats.

The second objection is that Newsom only looks strong because his opponents are so weak. This is also false. Many conveniently forget that the 2021 recall showed real momentum until Newsom overcame it in the latter stages of the campaign. He also forgets that challengers and outside groups have spent hundreds of millions of dollars trying to defeat Newsom in three gubernatorial contests.

The best theory of Newsom’s success is also the simplest: voters think he’s doing a good job. While there’s disagreement over his approach to issues like housing and COVID-19, there’s broad appeal for his no-nonsense leadership style and ambitious goals.

None of this is to say Newsom has time to enjoy a victory lap. Homelessness is still bad and getting worse. On its way to becoming the fourth largest economy in the world, the cost of living in California is unbearably high. Californians are feeling the brunt of climate change and increasingly see crime as a top concern.

In that sense, Newsom’s historic vote share is much more than political anecdotes or fodder for horse racing commentary. On the contrary, it should be the indispensable tool for uniting constituencies and solving some of California’s intractable problems.

In other words, the question isn’t whether Newsom is historically popular with California voters — he is. The question is rather: how will he use this popularity wisely?

Timothy Perry is a private attorney. He served as co-chair of Newsom’s 2018 “Defending California Values” policy committee and former chief of staff for the governor’s Office of Emergency Services. He wrote this for CalMatters, a public interest journalism company committed to explaining how the California Capitol works and why it matters.

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Banks need to worry about ghost banks https://astraveloffl.com/banks-need-to-worry-about-ghost-banks/ Thu, 17 Nov 2022 12:17:55 +0000 https://astraveloffl.com/banks-need-to-worry-about-ghost-banks/ Comment this story Comment What do disgraced American investor Bill Hwang and Britain’s shortest Prime Minister Liz Truss have in common? They were behind two of the multiple mini-crises in recent years that have made investors, bankers and regulators sweat about systemic risks to financial markets and investment funds. What is not talked about enough, […]]]>

Comment

What do disgraced American investor Bill Hwang and Britain’s shortest Prime Minister Liz Truss have in common? They were behind two of the multiple mini-crises in recent years that have made investors, bankers and regulators sweat about systemic risks to financial markets and investment funds. What is not talked about enough, however, is the ripple effect for banks.

Banks are much stronger and more stable than before the 2008 crisis, as I have already written. But they remain directly exposed to the market-based version of finance that has exploded over the past decade. And that exposure can be far more dangerous than expected when a very large fund or group of funds quickly runs into big trouble, as evidenced by the collapse of Hwang’s Archegos Capital Management, or the turmoil caused by pension funds in the UK government bond markets triggered by unfunded Truss funds. tax reductions.

First, let’s take a step back. Market finance – often called shadow banking – covers all the ways in which companies or households obtain financing from investors on the capital markets. These investors include insurers, pension funds, hedge funds, and a myriad of vehicles known by obscure acronyms. Financial Stability Board global supervisors call these non-bank financial intermediaries.

NBFIs or shadow banks(1) controlled $225 trillion at the end of 2020, nearly half of all global financial assets, according to an FSB report last week. This is an increase from $102 trillion in 2008. They have overtaken banks, whose global assets were $114 trillion in 2008 and have grown to $180 trillion in 2020.

This outcome was a deliberate goal of post-crisis rule changes that aimed to make the financial system safer and reduce the need for future bank bailouts by keeping depositors away from more racy financial areas. But growth has been spurred by monetary policy: major central banks have created trillions of dollars to pull government bonds off the markets and encourage investors to buy corporate debt or mortgages, for example, at the square. Quantitative easing was more of a market-based stimulus than a boost to bank lending.

People have been worried about shadow banking for years now, but most of all they worry about liquidity risks, i.e. the problems caused when many people all try to withdraw their money from funds with hard-to-sell assets. The FSB and other regulators have been working on ways to improve the liquidity management of various types of funds to make them, and the markets in general, better able to deal with any rush of money from investors. .

However, the collapse of Archegos in 2021 and the recent extreme volatility in UK government bond markets have revived another ghost from the past: hidden leverage and the damage it can cause to shadow bank counterparties. . We have already seen this disaster film in the failure of Long-Term Capital Management in 1998, for example.

Leverage is any method you can use to amplify the power of your bets. You can borrow money to increase your stake – and thus increase your potential winnings and losses. Alternatively, you can use derivatives such as swaps, which allow you to place a large bet while only pony up a fraction of its total notional value.

The problem with derivatives is that counterparties such as banks or clearinghouses have a harder time tracking the true extent of leverage their use creates. The more counterparties the same investor uses, the more the leverage effect can be hidden. And the more concentrated the bets – either because one investor makes the same bets multiple times, as Archegos did, or because many similar investors all make the same bets, as happened with UK gilts – the more dangerous it can be for the counterparties. to unwind losing trades. In either case, a collateral sell-off to close out the bet can destroy the value of the very security that is meant to protect the counterparty.

Banks are protected against losses by collateral – the cash or bonds that investors put up for their transactions. If the bets go against the investors, the bank asks for more money or bonds. When collateral is easy to find or easy for banks to sell, things work out. Even in stress tests, the losses suffered by banks in the event of default by investors on derivatives bets are relatively small. In the Federal Reserve’s 2022 test, counterparty default losses are aggregated with all other trading desk losses and the combined hit was still only 16% of total banking system losses. For a large universal bank like JPMorgan Chase & Co., the trading and counterparty loss was 17% of the total.

But these tests can be misleading: hidden, concentrated leverage can hurt a lot more. Archegos was just one fund, but it cost a group of banks about $10 billion in losses.

During the UK government bond sell-off in October, the Bank of England said it stepped in to protect market stability, as gilts are key to pricing everything else. British financial blogger Frances Coppola believed at the time that the Bank could also have acted to avoid large losses to banks as counterparties to pension fund derivatives transactions. I think she was right. Sarah Breeden, the Bank of England’s executive director for financial stability, warned of hidden leverage and how it can hurt big banks at the heart of the financial system in an incisive speech on the debacle in the government securities market last week.

Breeden’s conclusions were that banks need more information from shadow banks about the full extent of their positions and the leverage involved, and that banks should be more creative in crafting scenarios in which shadow banks could default and their collateral could also lose value.

Markets will remain much more volatile than they have been for the past decade. Hidden leverage is hard to quantify, obviously, but it has certainly increased among shadow banks over the long years of ultra-low returns. We will see more episodes where certain corners of the markets run into a stomach air pocket. The banking system is much safer than in the past, but it is not immune to market finance or its disasters.

More from Bloomberg Opinion:

• SBF and Crypto collapse part of pandemic hangover: Robert Burgess

• Fleeing China? Credit Crises Lurk Everywhere in Emerging Markets: Shuli Ren

• City of London bankers better check Rishi Sunak’s interference: Paul J. Davies

(1) Personally, I don’t like the term “shadow bank”: it sounds too interesting for what it represents, and its meaning has changed and expanded since economist Paul McCulley uttered the term for the first time in a 2007 speech. It covers just about anything that isn’t a bank, central bank, or public financial body. But it’s so much easier to read and write than all the official terms.

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Paul J. Davies is a Bloomberg Opinion columnist covering banking and finance. Previously, he was a reporter for the Wall Street Journal and the Financial Times.

More stories like this are available at bloomberg.com/opinion

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Exscientia and MD Anderson Launch Strategic Collaboration to Leverage AI in the Development of Novel Oncology Treatments https://astraveloffl.com/exscientia-and-md-anderson-launch-strategic-collaboration-to-leverage-ai-in-the-development-of-novel-oncology-treatments/ Mon, 14 Nov 2022 12:00:00 +0000 https://astraveloffl.com/exscientia-and-md-anderson-launch-strategic-collaboration-to-leverage-ai-in-the-development-of-novel-oncology-treatments/ OXFORD, England & HOUSTON, Texas–(BUSINESS WIRE)–Exscientia plc (Nasdaq: EXAI) and the University of Texas MD Anderson Cancer Center today announced a strategic collaboration to align Exscientia’s patient-centric artificial intelligence (AI) capabilities with MD Anderson’s drug discovery and development expertise to advance new small molecule oncology therapies. The research collaboration will use Exscientia’s precision medicine platform […]]]>

OXFORD, England & HOUSTON, Texas–(BUSINESS WIRE)–Exscientia plc (Nasdaq: EXAI) and the University of Texas MD Anderson Cancer Center today announced a strategic collaboration to align Exscientia’s patient-centric artificial intelligence (AI) capabilities with MD Anderson’s drug discovery and development expertise to advance new small molecule oncology therapies.

The research collaboration will use Exscientia’s precision medicine platform to identify novel cell-intrinsic small molecule anti-cancer compounds based on jointly identified therapeutic targets. Promising candidates will progress to further development with the team at MD Anderson’s Therapeutics Discovery division. The collaborators anticipate that successful target discovery programs could be advanced into proof-of-concept clinical trials at MD Anderson.

“We are committed to developing the next generation of oncology treatments that can deliver significant benefits and improve the lives of our patients,” said Philip Jones, Ph.D., vice president of Therapeutics Discovery and director of the Institute for Applied Cancer Science (IACS) at MD Anderson. “This collaboration leverages Exscientia’s AI-based precision medicine platform, the strength of MD Anderson’s drug discovery and development engine, and the expertise of our clinical research teams. Our ultimate goal is to reduce the time we spend on drug development and accelerate the introduction of new targeted therapies into the clinic. »

Exscientia will collaborate with the team at IACS, a drug discovery engine focused on the development of new small molecule therapies. IACS is a central component of MD Anderson’s Therapeutics Discovery division, an integrated team of researchers, physicians and drug development experts working to advance impactful new therapies.

“We are extremely proud to work alongside MD Anderson to leverage our AI-based platform for the discovery of next-generation cancer treatments. Artificial intelligence has opened up new possibilities in cancer research, allowing us to use multi-omics deep learning within our precision medicine platform to test potential drug candidates in tissue models of patients of Exscientia,” said Professor Andrew Hopkins, D.Phil., Founder and Chief Executive Officer of Exscientia. “Furthermore, our platform has the potential to stratify patients even at the early stage of discovery, allowing us to efficiently design drug candidates that are most likely to impact people with cancer.”

Under the terms of the agreement, Exscientia and MD Anderson will jointly contribute and support each designated program moving forward.

Disclosure

MD Anderson has an institutional conflict of interest with Exscientia, and that relationship will be managed in accordance with an MD Anderson Institutional Conflict of Interest Management and Monitoring Plan.

About Exscientia

Exscientia is an AI-driven pharmaceutical company committed to discovering, designing and developing the best possible medicines in the fastest and most efficient way. Exscientia has developed the first-ever functional precision oncology platform to successfully guide treatment selection and improve patient outcomes in a prospective interventional clinical study, as well as to advance AI-engineered small molecules as part of clinical. Our internal pipeline focuses on leveraging our precision medicine platform in oncology, while our partnership pipeline expands our approach to other therapeutic areas. By pioneering a new approach to drug creation, we believe the best ideas in science can quickly become the best medicines for patients.

Exscientia is headquartered in Oxford (England, UK), with offices in Vienna (Austria), Dundee (Scotland, UK), Boston (Massachusetts, USA), Miami (Florida, USA), Cambridge (England, United Kingdom) and Osaka (Japan).

Visit us at https://www.exscientia.ai or follow us on Twitter @exscientiaAI.

About MD Anderson

The MD Anderson Cancer Center at the University of Texas at Houston is one of the world’s most respected centers focused on cancer patient care, research, education, and prevention. The institution’s sole mission is to end cancer for patients and their families worldwide. MD Anderson is one of 53 comprehensive cancer centers designated by the National Cancer Institute (NCI). MD Anderson is #1 for cancer in U.S. News & World Report’s “Best Hospitals” ranking and has been named one of the nation’s top two hospitals for cancer since the rankings began in 1990. MD Anderson receives an NCI Cancer Center Support Grant from the National Institutes of Health (P30 CA016672).

Exscientia Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including with respect to progress in the discovery and development of candidate molecules, as well as the timing, progress and data from clinical trials. testing of Exscientia’s product candidates and Exscientia’s expectations regarding its revenue and cash flow forecasts. Any statement describing Exscientia’s objectives, plans, expectations, financial or other projections, intentions or beliefs is a forward-looking statement and should be considered an at-risk statement. These statements are subject to a number of risks, uncertainties and assumptions, including those related to: the impact that the COVID-19 pandemic may have on the Company’s business, including the scope, progress and expanding Exscientia’s product development efforts; the initiation, scope and progress of planned and ongoing preclinical studies and clinical trials of Exscientia and its partners and their offshoots for the cost thereof; clinical, scientific, regulatory and technical developments; the process of discovering, developing and commercializing safe and effective product candidates for use in human therapeutics; and the effort to build a business around these product candidates. In light of these risks and uncertainties, and other risks and uncertainties described in the Risk Factors section and other sections of Exscientia’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC ) on March 23, 2022 (File No. 001-40850), and other documents filed by Exscientia with the SEC from time to time (which are available at https://www.sec.gov/), events and the circumstances discussed in these forward-looking statements may not occur, and Exscientia’s actual results could differ materially and adversely from those anticipated or implied. Although Exscientia’s forward-looking statements reflect the good faith judgment of its management, such statements are based solely on facts and factors currently known to the Company. Accordingly, you are cautioned not to rely on these forward-looking statements.

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Leveraging corporate cash to scale climate solutions https://astraveloffl.com/leveraging-corporate-cash-to-scale-climate-solutions/ Fri, 11 Nov 2022 11:07:22 +0000 https://astraveloffl.com/leveraging-corporate-cash-to-scale-climate-solutions/ The business community has access to enormous financial capital that can be powerfully deployed to shift the financial system away from carbon-intensive sectors towards climate solutions and regenerative economic activity. By leveraging relationships and financial resources, companies can accelerate the global financial transition to “drawdown,” when levels of greenhouse gases in the atmosphere stop rising […]]]>

The business community has access to enormous financial capital that can be powerfully deployed to shift the financial system away from carbon-intensive sectors towards climate solutions and regenerative economic activity. By leveraging relationships and financial resources, companies can accelerate the global financial transition to “drawdown,” when levels of greenhouse gases in the atmosphere stop rising and start steadily falling. To become a “levy-aligned business,” companies must begin to address the climate impact of their banking practices.

Drawdown Labs, Project Drawdown’s private sector testing ground for accelerating climate solutions, recently hosted a webinar on decarbonizing corporate cash and investment. The webinar was co-hosted by the organizations behind the groundbreaking report: The Carbon Bankroll, which revealed the previously hidden climate impacts of corporate cash; Outdoor Policy Attire (TOPO); BankFWD; and the Climate Safe Lending Network – in addition to Bank On Our Future, an international network of social movements working to pressure the biggest banks to align their business practices around a just and livable future.

Below, we’ve summarized key points from that discussion for employees or executives looking to reduce greenhouse gas emissions associated with their company’s financial supply chain. (Editor’s note: To watch the full webinar, view it here.)

1. Money is not climate neutral

Banks use corporate cash to support a wide range of businesses, including industries causing climate change, such as fossil fuels and agriculture linked to deforestation. Since 2015, the world’s 60 largest commercial and investment banks have pumped $4.6 trillion into the fossil fuel industry, even though science clearly tells us we can’t build any new fossil fuel infrastructure. if we want to keep warming below 1.5 degrees Celsius. The companies that partner with these big banks are guilty of this climate damage.

For example, five years ago Patagonia was actively supporting water protectors’ efforts to shut down the Dakota Access Pipeline when it realized that the banks directly funding the pipeline were among Patagonia’s largest banking partners. . In other words, these banks were lending some of Patagonia’s cash to projects that actively undermined the company’s values ​​and mission. Since then, Patagonia has been on a mission to decarbonize its corporate treasury. Patagonia is one of the few companies tracking these impacts, let alone working to eliminate or improve them.

Companies can influence the direction of these financial flows to the real economy, to drive systemic change towards a green transition.

2. Finance is a key lever for climate action

For companies looking to have a positive impact on the climate, climate actions linked to financing are particularly powerful.

As James Vaccaro, Executive Director of the Climate Safe Lending Network, explained in the webinar, “Banks make long-term credit decisions based on the short-term cash holdings of people or businesses. daily cash flows into infrastructure and operations that are going to be around for decades. That pivot point there is what makes this particularly interesting as a leverage point. Companies can influence the direction of those cash flows. in the real economy, to drive systemic change towards a green transition.”

3. Companies must decarbonize cash to align with the Paris Agreement

Corporate cash decarbonization is the process by which companies track and reduce the carbon intensity of their cash and investments. The most effective way to do this is to transfer some or all of a company’s cash holdings to banks with “Paris-aligned” lending practices, which tend to be smaller banks or fintechs.

Local credit unions also tend to have less carbon-intensive lending practices, largely due to their size. If smaller banks and credit unions cannot provide the required banking services, companies should give priority to banks that have exclusion policies that limit the amount they are willing to lend to the most polluting industries, such as tar sands oil, coal-fired power plants and deforestation-related businesses.

It is important that all companies engage with existing banking partners, ask them how they manage climate risk and push them towards Paris alignment. Banks (if they are smart) will listen to their business customers.

4. For a leading climate company, reducing financed emissions must be a priority

The Carbon Bankroll report found that a company’s cash flow can be one of its biggest sources of emissions. For companies that have taken controlling their other sources of emissions seriously, the carbon footprint of their cash flow may be one of the last pieces to deal with.

Cash decarbonization is a new frontier for corporate sustainability, and it can be a powerful practice for advancing broader climate action. Patrick Flynn, Senior Vice President and Global Head of Sustainability for Salesforce, said it well during the webinar: “Any aspiring leader this year on planet Earth needs to put as much effort as possible into strategies that have a chance to impact at a speed and scale that planet Earth can actually notice.Tackling funded emissions is one such strategy.

Flynn notes that Salesforce knows its influence over vendors, including financial institutions, can create change beyond its own four walls. That’s why the company unveiled a sustainability expo that requires suppliers to have a science-based goal and an emissions reduction plan, disclose scope 1, 2 and 3 emissions and provide all services and goods on a carbon neutral basis.

5. Companies should extend the concept of supply chains to include financial supply chains

Most climate-conscious companies track and attempt to reduce physical emissions from their supply chain. During the webinar, Patagonia’s Director of Treasury, Charlie Bischoff, described how the company moved from physical supply chains to financial supply chains: “For decades, Patagonia has had a tradition of engaging with our factories and factories around the world and trying to make sure we make the least harmful clothing possible. But as the climate crisis worsens and we have changed our mission statement to “We are in business to save our planet,” all regions of Patagonia were asked to find ways to help. Consider this just an extension of the manufacturing supply chain due diligence work we have always done in as a business.We are now expanding the scope of work to include our banks, insurance and investment companies, or our supply chain end old. ”

6. Putting the decarbonization of corporate cash into perspective

The US Inflation Reduction Act allocates $369 billion to clean energy funding over 10 years. While significant, this amount pales in comparison to the $1.2 trillion that JPMorgan Chase, Citi, Wells Fargo and Bank of America alone have invested in the fossil fuel industry since 2015 or the $742 billion that 60 of the world’s largest financial institutions spent on fossil fuels in 2021 alone.

The financial system can move more money in shorter time frames. This power must be harnessed so that the financial system no longer funds fossil fuels and deforestation, but instead propels a transition to clean energy, transport, buildings, industry, sustainable agriculture and human well-being. all.

One of the things we’re really watching is what they’re doing on the sustainable finance side, but also what they’re doing on the wrong side in terms of funding environmentally harmful industries.

7. Tracking “funded shows” will become best practice

As noted in the Carbon Bankroll report, companies have historically not included emissions generated by their cash and investments in their reported carbon footprints. This is about to change.

The Greenhouse Gas (GHG) Protocol already includes funded emissions in a company’s Scope 3 Scope 15 emissions (apologies for the wonky terminology) – but so far companies don’t did not report these emissions due to data and methodological constraints. However, these methodological shortcomings no longer exist. This means that companies can and should publicly report the emissions associated with their financial practices.

8. Beware of greenwashing

As companies begin to engage with banks, it is important that they watch out for misrepresentation of sustainability and greenwashing. Bischoff has some helpful advice: “A lot of banks will take sustainability as an opportunity to bring a product to market that is essentially no different than it was before, adding a touch of sustainability to it. So one of the things what we’re really looking at is what are they doing on the sustainable finance side, but also what are they doing on the wrong side in terms of financing environmentally harmful industries.

9. Take Action
  • Measure your funded emissions. (For more on the methodology, see the Carbon Bankroll or contact TOPO or BankFWD.)
  • Ask your existing financial institutions about their climate transition plans and make clear demands to encourage best practice. If possible, bring someone from your company’s C-suite to this engagement so that funding partners know you mean business.
  • Demonstrate demand for green financing.
    • Bank signalling: Allocate some of the cash to banks that are fossil-free, B Corp certified, or members of the Global Alliance for Banking on Values ​​(GABV). Or commit to moving it to the world’s first major bank to sufficiently align its practices with the 1.5 degree Celsius targets.
    • Change of bank: Shift all or part of your banking service to smaller community banks or banks less exposed to fossil fuels and deforestation in their lending and funding portfolios.
  • Publicize your company’s stock to send strong market signals and inspire others to follow your lead. Tell the story of your business taking steps to improve its banking operations.

Learn about all the leverage points of the Drawdown-aligned business framework and the broader work of Drawdown Labs, which strives to democratize corporate climate action and raise the bar for climate leadership. If you work in finance, here’s a checklist action guide designed for you.

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CNX and New Frontier Announce Strategic Partnership to Leverage Reduced Methane Emissions to Transform International Travel https://astraveloffl.com/cnx-and-new-frontier-announce-strategic-partnership-to-leverage-reduced-methane-emissions-to-transform-international-travel/ Tue, 08 Nov 2022 15:08:03 +0000 https://astraveloffl.com/cnx-and-new-frontier-announce-strategic-partnership-to-leverage-reduced-methane-emissions-to-transform-international-travel/ CNX Resources Corporation and New Frontier Aerospace, Inc. announced Nov. 7 that the companies have reached an agreement, facilitated by Anew Climate, LLC (Anew Climate), to use reduced methane emissions to power ground and flight testing. carbon neutrals of the NFA’s hypersonic system. vertical take-off and landing aircraft. NFA is developing next-generation aircraft capable of […]]]>

CNX Resources Corporation and New Frontier Aerospace, Inc. announced Nov. 7 that the companies have reached an agreement, facilitated by Anew Climate, LLC (Anew Climate), to use reduced methane emissions to power ground and flight testing. carbon neutrals of the NFA’s hypersonic system. vertical take-off and landing aircraft.

NFA is developing next-generation aircraft capable of transporting passengers and cargo anywhere on the planet ten times faster than current jets, while CNX is a leader in capturing and processing methane that would otherwise be released into the atmosphere, which would result in ultra-low carbon intensity. gas. Both companies are working on the path to next-generation carbon-neutral air travel well ahead of the airline industry’s 2050 target date. This vision strives to bring the world together with cargo and passenger flights to any destination on Earth in less than two hours while dramatically improving the environmental impact of today’s airliners.

CNX President of New Technologies, Ravi Srivastava, commented, “Like our recently announced partnerships with Pittsburgh International Airport and Newlight Technologies, this collaboration once again demonstrates the unique combination of assets, CNX’s innovative technologies and proven operational expertise that helps lead the sustainable energy revolution. Mr. Srivastava continued: “Through this agreement, we are not only reducing methane emissions released into the atmosphere, but also transforming the way people will move in the future in a faster and more efficient way. environmentally sustainable.

CNX’s carbon-negative methane will be sold to New Frontier Aerospace at a higher price than conventional natural gas, reflecting its low carbon intensity. The monetary benefit CNX receives from the NFA for providing this methane will be used to expand CNX’s methane capture program and create more climate benefits in the future. The methane captured by CNX has a carbon intensity comparable to the environmental attributes of renewable natural gas derived from dairy manure, one of the lowest negative carbon intensity gas resources available.

NFA CEO Bill Bruner said: “This agreement is a first step in moving from slow, subsonic jets that dump a billion tonnes of CO2 into the atmosphere every year to a fleet of planes ten times faster. with a net carbon negative fuel source.NFA’s advanced propulsion, materials, aerothermal and autonomous flight technologies will allow everyone to travel at high speed safely and affordably while reducing energy to zero. carbon impact of the airline industry”.

The agreement between CNX and NFA was enabled by Anew Climate, North America’s leading distributor of low-carbon renewable fuels and provider of complete climate solutions.

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Bryan Abreu: From Taxi Squad to high leverage World Series weapon for Houston Astros https://astraveloffl.com/bryan-abreu-from-taxi-squad-to-high-leverage-world-series-weapon-for-houston-astros/ Sat, 05 Nov 2022 22:00:00 +0000 https://astraveloffl.com/bryan-abreu-from-taxi-squad-to-high-leverage-world-series-weapon-for-houston-astros/ The Houston Astros have the best bullpen in baseball by just about any metric: ERA, FIP, xFIP, K/9, LOB%…the list goes on. A big reason for this is the burgeoning talent for unlikely pieces from unlikely places. Enter Bryan Abreu. His 1.94 ERA leads all Astros relievers with over 21.0 innings not named Ryan Stanek. […]]]>

The Houston Astros have the best bullpen in baseball by just about any metric: ERA, FIP, xFIP, K/9, LOB%…the list goes on.

A big reason for this is the burgeoning talent for unlikely pieces from unlikely places. Enter Bryan Abreu.

His 1.94 ERA leads all Astros relievers with over 21.0 innings not named Ryan Stanek. But where Stanek’s peripheral stats point to regression, Abreu is just as good as mainstream stats say he should be.

He’s adept at preventing the long ball, he’s retired batters at a better rate than any other pitcher on the team in 2022, and most importantly, he’s especially good at throwing left-handers.

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Turkey has “more weight” than the United States on the grain agreement https://astraveloffl.com/turkey-has-more-weight-than-the-united-states-on-the-grain-agreement/ Wed, 02 Nov 2022 03:54:13 +0000 https://astraveloffl.com/turkey-has-more-weight-than-the-united-states-on-the-grain-agreement/ There is no alternative to the Black Sea grain export initiative that Ankara negotiated, the State Department spokesman said, adding that the United States wants Russia agrees not to target ships in the area. The United States is looking for “just a declaration [from Moscow] that the ships will not be subject to the military […]]]>

There is no alternative to the Black Sea grain export initiative that Ankara negotiated, the State Department spokesman said, adding that the United States wants Russia agrees not to target ships in the area.

The United States is looking for “just a declaration [from Moscow] that the ships will not be subject to the military operation,” says Ned Price. (Ali Topchi/TRTWorld)

Turkey is in a strong position against the United States on the Black Sea grains deal, a State Department spokesperson said after Russia suspended its participation in the agreement brokered by Ankara, raising fears of attacks on Ukrainian exports and the specter of a global food crisis.

“Turkey obviously has more weight than I think. The UN has more weight than us,” Ned Price told reporters on Tuesday.

Price said the UN’s announcement to suspend operations to monitor the movement of grain in the Black Sea has led to uncertainty. “We’ll have to see how long that lasts,” he said.

Price has said he doesn’t think there is an alternative to the Black Sea grain export initiative and Washington wants Russia to clarify that it will not target ships carrying grain to the region.

Price said the United States was looking for “just a statement [from Moscow] that the ships will not be subject to military operations,” Price said.

Turkey, the UN, Russia and Ukraine signed an agreement in Istanbul on July 22 to maintain Black Sea grain exports after they were halted following Russia’s aggression against Ukraine on February 24 .

On Saturday, Russia ended its participation in the deal following a drone attack on the Crimean naval port of Sevastopol that it blamed on kyiv. Since then, Moscow has demanded “real guarantees” from Ukraine before going back on the agreement.

Moscow also on Monday withdrew its coordination with the Istanbul-based Joint Coordination Center – an observatory where Ukrainian, Turkish, Russian and UN delegations monitored the movement of grain-laden cargoes.

READ MORE:
Grain deal, prisoner swap: Why Turkey is praised for peacebuilding

Senior Turkish and American diplomats are expected to speak

Ankara has been at the forefront of helping bring about a lasting peace between Ukraine and Russia and wants the grain deal – which has seen more than nine million tonnes of food grain exported since early August. – remains unscathed.

Following Moscow’s decision to suspend its participation in the deal, Turkish President Tayyip Erdogan spoke with his Russian counterpart Vladimir Putin.

Putin told Erdogan that Russia could only consider resuming its participation after a proper investigation was carried out into a drone attack on its naval port. Moscow is also asking for guarantees from Ukraine that it will not use the “humanitarian corridor for military purposes”.

Meanwhile, Turkish Defense Minister Hulusi Akar contacted his Russian counterpart Sergei Shoigu, noting that the two countries are evaluating available information regarding the deal and ways to keep it active.

Mevlut Cavusoglu, Türkiye’s top diplomat, also met with Russian Foreign Minister Sergei Lavrov to discuss the suspended deal.

Meanwhile, the State Department’s Price said World TRT that US officials have had low-level conversations with Turkish officials regarding the Black Sea Grains deal and he expects senior US diplomat Antony Blinken to speak with his Turkish counterpart Cavusoglu “in the next days”.

READ MORE:
How Ukrainian grain shipments are proceeding from Black Sea ports to Turkey

Source: World TRT

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Aaron Judge’s Free Agent Leverage Isn’t Just About Money https://astraveloffl.com/aaron-judges-free-agent-leverage-isnt-just-about-money/ Sun, 30 Oct 2022 14:00:00 +0000 https://astraveloffl.com/aaron-judges-free-agent-leverage-isnt-just-about-money/ It’s no secret that the Yankee universe will orbit Aaron Judge’s free agency this offseason. Every other move New York makes will hinge on the Gordian knot of trying to hold on to the American League’s new home run king. Judge bet on himself and won when he turned down the Yankees’ contract extension offer […]]]>

It’s no secret that the Yankee universe will orbit Aaron Judge’s free agency this offseason. Every other move New York makes will hinge on the Gordian knot of trying to hold on to the American League’s new home run king. Judge bet on himself and won when he turned down the Yankees’ contract extension offer ahead of the 2022 season. He won big, and now he has unfathomable leverage as he throws in free agency.

Perhaps the most obvious – and honestly least interesting – form his leverage will take is in regards to the size of the contract he ultimately signs. $300 million? $400 million? Eight years? Ten years? Who knows. But with multiple contenders expected to be in contention for Judge’s gargantuan bat, the final numbers could be staggering.

I’m much more interested in two other ways Judge could wield his influence, which aren’t necessarily financial. Instead, he has a unique opportunity to put pressure on the Yankees if he wants to do his part to ensure the rest of his pinstripe career is optimal.

First of all, any deal Judge signs with New York could be the last contract he signs as a big leaguer. With that in mind, the first way I argue that Judge should cash in on some of that leverage is to make sure, before signing on the dotted line, that the Yankees are actually determined to win. Admittedly, I’m making an assumption in there – that the judge himself wants to win. If all he cares about is who will spend the most money, then if the Yankees offer an extra $10, that’s the ball game.

But if victory is on Judge’s mind (as it seems to be), I think it behooves him to demand a meeting, or series of meetings, with Hal Steinbrenner and Brian Cashman. Joel Sherman of New York Post had the reverse of that idea a few days ago, arguing that Hal should set up a meeting with Judge to talk to the superstar and try to get a deal done before the World Series ends.

Regardless of what Steinbrenner does, Judge’s long-term interests would be well served in determining exactly what the Yankees’ vision is for the next decade. And even as I type this, it seems unfathomable that anyone needs assurance that the Yankees are primarily committed to winning championships. For anyone who has followed the club over the past quarter century, the relentless pursuit of World Series titles has been a constant feature.

But alas, here we are. After a 2021 offseason that saw the trade of Isiah Kiner-Falefa and Josh Donaldson rather than inking one of the star shortstops in the free agent market, and after a trade deadline of 2022 in which the Yankees traded for Frankie Montas, seemingly avoiding Luis Castillo, it’s fair to wonder if the Yankees are really worried about winning championships. They may have simply accepted that these half measures are best for their team.

Will the club be more active in finding elite free agents to fill needed positions? How aggressive will the Yankees be in pursuing elite talent in the free agent market? The judge should definitely pin Hal and Cashman down, settling for nothing less than concrete answers. And if he doesn’t like or disagree with the club’s strategic vision moving forward, it needs to be clear he’s unhappy and what his disapproval could mean for the Yankees as they go forward. that his free agency progresses.

But assuming the judge is content with what Steinbrenner and Cashman explain as their plan unfolds, my second suggestion for the slugger builds on that. Opt out. It’s one thing to think you have your finger on the pulse of the organization when you sign with them. But life comes quickly to you. Ask Nolan Arenado how long it took the Colorado Rockies for him to feel disillusioned and be lied to.

The opt-outs are a way for Judge to protect himself if, after signing with the Yankees, he feels they are less than all-in to win championships. And to put maximum pressure on the club, an opt-out is insufficient. Opt-outs after the second, third and fourth years of the agreement? It could be more efficient. Knowing that Judge could pull the exit hatch should he become unhappy with the direction of the franchise could help compel the Yankees to make sure they do everything they can to win, lest their ultra-star superstar marketable goes elsewhere, depriving them of the financial benefits it brings to the team and suffers an almost unimaginable revolt from the fans.

Of course, the Yankees might decide they don’t want to be so beholden to the franchise. Three consecutive opt-outs, for example, may be a bridge too far. At this point, the judge would have a decision to make on the significance of something like this. But it would also be a huge risk for the Yankees, with clubs like the Dodgers, Giants and Cubs all already tied to Judge.

Again, this could all be completely meaningless. There are a myriad of factors that could affect where the judge signs. Geography, money, tax regimes, etc. And one or more of them could lead him to leave New York. But if he wants to be a Yankee, the path is there.

The judge enters free agency in a scenario where few athletes find themselves. His performance during his walk year gives him considerable leverage as he begins to make the decision that will help define his legacy. As a Yankees fan, I encourage him to roam Yankee Stadium for the next decade. But I also hope he maximizes every last ounce of upside he has to try to make sure that while he wears stripes, the Yankees do everything they can to help him win multiple championships.

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Dreams Destroyed: Young Koreans’ Leveraged Investments Backfire https://astraveloffl.com/dreams-destroyed-young-koreans-leveraged-investments-backfire/ Thu, 27 Oct 2022 01:57:20 +0000 https://astraveloffl.com/dreams-destroyed-young-koreans-leveraged-investments-backfire/ October 27, 2022 SEOUL – When stock and crypto markets were hot and borrowing costs were cheap, many young South Koreans, who usually had a high appetite for risk but little capital to invest, tried their hand at investing leverage, known as “bittoo” in Korean. Many of these young investors had dreamed of getting rich […]]]>