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BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina, today announced the availability of proxy materials for the upcoming Annual General Meeting (the “AGM”) of the Company to be held on July 15, 2021. These materials have been mailed to shareholders of record as of May 25, 2021 and have also been furnished today with the U.S. Securities and Exchange Commission on a Form 6-K.


GeoPark encourages all shareholders to actively take steps to vote their shares. The Company recommends shareholders to vote and submit their proxy in advance of the AGM by one of the methods described in the proxy materials, including the possibility of voting by mailing, online or by phone.

Information on how to vote and other general proxy matters are available in the proxy statement mailed to shareholders on June 14, 2021, available on the Company's website and at www.sec.gov.

The Board set May 25, 2021 as the record date of the AGM and only shareholders of the Company on that date will be entitled to receive notice of, attend and vote at the AGM. Only shareholders and their legal proxyholders may attend the AGM.

The Company encourages shareholders to refer to the press release published on June 8, 2021, which provided details on recent changes to the Board including the nomination of Ms. Maria Fernanda Suarez as new independent director and the appointment of Ms. Sylvia Escovar Gomez as the new Board Chair, succeeding Mr. Gerald O’Shaughnessy, 72, who resigned from the Board on June 13, 2021 after 19 years of service.

The Board nominated the following directors for election at the upcoming AGM on July 15, 2021:

Sylvia Escovar Gomez, 60, Director since August 2020

 

 

(Independent)

Robert Bedingfield, 73, Director since March 2015

(Independent)

Constantin Papadimitriou, 60, Director since May 2018

 

 

(Independent)

Somit Varma, 60, Director since August 2020

(Independent)

Carlos Gulisano, 70, Director since June 2010

 

 

 

Pedro Aylwin, 61, Director since July 2013

James Park, 65, Director, CEO and co-founder of GeoPark since 2002

 

 

 

Maria Fernanda Suarez, 46, nominated by the Board

 

 

(Independent)

Please refer to the proxy materials for detailed information on background and expertise of directors for election at the upcoming AGM.

With the announced appointment of Ms. Escovar as Chair and the nomination of Ms. Suarez, the Board is now led by an independent director and following the AGM will have a majority of independent directors, in line with corporate governance best practices.

NOTICE

Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.

Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including the availability of proxy materials, the upcoming Annual General Meeting, the new Chair and the composition of the Board of Directors. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.

Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).


Contacts

INVESTORS:
Stacy Steimel
Shareholder Value Director
T: +562 2242 9600
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Miguel Bello
Market Access Director
T: +562 2242 9600
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Diego Gully
Investor Relations Director
T: +5411 4312 9400
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MEDIA:
Communications Department
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  • CFM RISE* program targets more than 20 percent lower emissions
  • Program will include open fan architecture, hybrid electric capability, demonstrator ground and flight tests around middle of decade
  • 100 percent Sustainable Aviation Fuel, Hydrogen capability in scope

PARIS--(BUSINESS WIRE)--GE Aviation and Safran today launched a bold technology development program targeting more than 20 percent lower fuel consumption and CO2 emissions compared to today’s engines. The CFM RISE (Revolutionary Innovation for Sustainable Engines) program will demonstrate and mature a range of new, disruptive technologies for future engines that could enter service by the mid-2030s.



The companies today also signed an agreement extending the CFM International 50/50 partnership to the year 2050, declaring their intent to lead the way for more sustainable aviation in line with the industry’s commitment to halve CO2 emissions by 2050.

“The relationship between GE and Safran today is the strongest it has ever been,” said John Slattery, President and CEO of GE Aviation. “Together, through the RISE technology demonstration program, we are reinventing the future of flight, bringing an advanced suite of revolutionary technologies to market that will take the next generation of single-aisle aircraft to a new level of fuel efficiency and reduced emissions. We fully embrace the sustainability imperative. As we have always done in the past, we will deliver for the future.”

"Our industry is in the midst of the most challenging times we have ever faced,” said Olivier Andriès, CEO of Safran. “We have to act now to accelerate our efforts to reduce our impact on the environment. Since the early 1970s, breakthrough engine efficiency and reliability have been the hallmark of our historic partnership and our LEAP engine already reduces emissions by 15 percent compared to previous generation engines. Through the extension of our CFM partnership to 2050, we are today reaffirming our commitment to work together as technology leaders to help our industry meet the urgent climate challenges.”

Technologies matured as part of the RISE Program will serve as the foundation for the next-generation CFM engine that could be available by the mid-2030s. The program goals include reducing fuel consumption and CO2 emissions by more than 20 percent compared to today’s most efficient engines, as well as ensuring 100 percent compatibility with alternative energy sources such as Sustainable Aviation Fuels and hydrogen.

Central to the program is state-of-the-art propulsive efficiency for the engine, including developing an open fan architecture. This is a key enabler to achieving significantly improved fuel efficiency while delivering the same speed and cabin experience as current single-aisle aircraft. The program will also use hybrid electric capability to optimize engine efficiency while enabling electrification of many aircraft systems.

The program is being led by a joint GE/Safran engineering team that has laid out a comprehensive technology roadmap including composite fan blades, heat resistant metal alloys, ceramic matrix composites (CMCs), hybrid electric capability and additive manufacturing. The RISE program includes more than 300 separate component, module and full engine builds. A demonstrator engine is scheduled to begin testing at GE and Safran facilities around the middle of this decade and flight test soon thereafter.

The original 1974 framework agreement creating CFM International as a 50/50 joint venture between the two aircraft engine manufacturers redefined international cooperation and helped change the course of commercial aviation. The partnership was renewed in 2008 for the launch of the LEAP program. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that serves as the industry benchmark for efficiency, reliability and low overall cost of ownership. More than 35,000 CFM engines have been delivered to more than 600 operators around the globe, accumulating more than one billion flight hours.

* RISE (Revolutionary Innovation for Sustainable Engines) is a registered trademark of CFM International.

Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 79,000 employees and sales of 16.5 billion euros in 2020, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmap.

Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.

For more information : www.safran-group.com / Follow @Safran on Twitter

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet engines, components and systems for commercial and military aircraft. GE Aviation has a global service network to support these offerings.

For more information, visit us at www.ge.com/aviation. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube, at http://www.youtube.com/user/GEAviation.


Contacts

Press contacts:
GE Aviation
Perry Bradley
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Mobile: +1.513.607.0609

Safran
Catherine Malek
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Mobile : +33.6.47.88.03.17
Charles Soret
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Mobile: +33.6.31.60.96.79

DUBLIN--(BUSINESS WIRE)--The "Wireless Electric Vehicle Charging Market by Power Source, by Installation, by Distribution Channel, by Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2020 - 2030" report has been added to ResearchAndMarkets.com's offering.


The Wireless Electric Vehicle Charging Market was valued at USD 513.5 million in 2019 and is predicted to reach USD 3.75 billion by 2030 with a CAGR of 19.8% from 2020-2030.

Companies Mentioned

  • Continental AG
  • Qualcomm Inc.
  • Robert Bosch Gmbh
  • Texas Instruments Inc.
  • Toyota Motor Corporation
  • WITRICITY CORPORATION
  • Powermat Technologies Ltd
  • Integrated Device Technology, Inc
  • Fulton Innovation
  • Bombardier Inc.

Wireless Electric Vehicle Charging technology helps in charging the EV's without using any charging cables. As a result, users need not to wait in charging stations for hours and can charge their vehicle anywhere even in driving mode if the roads are embedded with a series of coils connected to an electric source. Wireless electric vehicle charging not only provides safe and convenient charging solution but also helps to charge the vehicle faster. It also helps to reduce the size of batteries installed in electric vehicle and can be used in any weather condition.

Market Dynamics and Trends:

Rising inclination towards electric vehicle due to increasing pollution caused by fossil fuel-based car, growing demand of energy-efficient sources and increasing investment for developing fast charging technologies are the major factors driving the growth of wireless electric vehicle charging market. Also, factors such as growing research in the field of wireless charging technologies, surging demand of consumer for convenient charging features and increasing oil prices are boosting the market growth. However, high cost of the wireless charging devices, technological challenges and lack of infrastructure developments are the factors expected to restrain the market growth. On the other hand, government encouragement towards wireless charging vehicles and advancement in newer technologies are expected to create ample growth opportunities for the market in the coming years.

Market Segmentations and Scope of the Study

The global wireless electric vehicle charging market is categorized on the basis of power source, charging method, installation, distribution channel, vehicle type and geography. On the basis of power source, the market is segmented into 3-< 11 kW, 11-50 kW, and >50 kW. On the basis of charging method, the market is divided into capacitive wireless power transfer (CWPT), magnetic gear wireless power transfer (MGWPT), resonant inductive power transfer (RIPT), and inductive power transfer (IPT). On the basis of installation, the market is classified into home and commercial. On the basis of distribution channel, the market is categorized into OEMs and aftermarket. On the basis of vehicle type, the market is bifurcated into BEV, PHEV, and Commercial EV. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.

Geographical Analysis:

North America holds the lion share of the wireless electric vehicle charging market. This is attributed to the factors such as increasing adoption of electric vehicle, and growing advancement in automotive sector in this region. Europe is also expected to grow rapidly in terms of market share of the wireless electric vehicle charging market during the forecast period. This is due to factors such as availability of developed infrastructure, increasing sale of electric vehicle and presence of leading market players such as Continental AG and Robert Bosch GmbH.

Key Topics Covered:

1. Introduction

2. Market Snapshot, 2019-2030 Million USD

3. Porter's Five Force Model Analysis

4. Market Dynamics

5. Global Wireless Electric Vehicle Charging (Wevc) Technology Market, by Power Source

6. Global Wireless Electric Vehicle Charging (Wevc) Technology Market, by Vehicle Type

7. Global Wireless Electric Vehicle Charging (Wevc) Technology Market, by Installation

8. Global Wireless Electric Vehicle Charging (Wevc) Technology Market, by Region

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/gvmvfh


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

WILMINGTON, Del.--(BUSINESS WIRE)--#3PLlogistics--Gulftainer, parent company of GT USA, which operates the Port of Wilmington and Port Canaveral, has appointed Javier Echeverria as its new Chief Financial Officer (CFO). The recruitment of Javier is a next step towards the continued growth and international expansion of UAE-headquartered Gulftainer, one of the world’s leading privately owned independent port operators.



In his previous role, Javier served as Regional Finance Manager of the Euromed & Americas Region for the Singaporean company PSA, based out of Antwerp, Belgium. He managed a multi-billion business driving its financing strategy and performance since 2019, with a portfolio of assets spanning across 11 countries including the USA. Javier joined PSA in 2014 as Regional Head of Finance for the LatAm Region based in Panama. He is a leader with a track record of delivering profitable growth for supply chain companies. He holds business degrees from INSEAD and IESE Business School.

Charles Menkhorst, CEO of Gulftainer, said, “Javier is a proven leader in finance with a superior track record of delivering results and creating value. After a rigorous global search process, I am excited to welcome him to the Gulftainer group. Javier is a high-impact executive who brings a compelling blend of strategic and capital allocation discipline, well-honed operating skills, and transformational leadership abilities. He will be a strong partner as we manage through the current economic challenges and improve our operating results to position Gulftainer for sustainable, long-term value creation for our customers and shareholders.”

“I am excited to join Gulftainer, which has a strong reputation in the market for its operational excellence. I look forward to executing the company’s priorities, as well as accelerate growth and enhance value for shareholders and all stakeholders,” said Echeverria. “I am inspired by the team's dedication to solid strategic growth while positively impacting the world coupled with its commitment to employees and customers.”

About Gulftainer

Established in 1976, Gulftainer is a privately owned, independent port management and 3PL logistics company based in the United Arab Emirates (UAE). For more than 45 years, it has been delivering a world-class performance to its customers. Its global footprint includes operations in the UAE, Iraq, Saudi Arabia, and the USA.

Gulftainer is excited to create an open, collaborative platform to lead the port industry’s revolution, engaging startups, entrepreneurs, and other stakeholders to create the future of the ports and logistics industry. For more information on Gulftainer, visit www.gulftainer.com.


Contacts

Gulftainer
Global:
Neena Dominic, Gulftainer Communications
(M) +971 50 2861274
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US:
Kathryn Bradley, Gulftainer Communications
(M) +1 302 354 4096
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DUBLIN--(BUSINESS WIRE)--The "Thermal Enhanced Oil Recovery Market by Technology, by Application - Global Opportunity Analysis and Industry Forecast, 2020 - 2030" report has been added to ResearchAndMarkets.com's offering.


The Global Thermal Enhanced Oil Recovery Market size was valued at USD 19.50 billion in 2019 and is predicted to reach USD 24.15 billion by 2030 with a CAGR of 2.9% from 2020-2030.

Companies Mentioned

  • Suncor
  • Imperial Oil
  • ConocoPhillips
  • China National Offshore Oil Corporation (CNOOC)
  • Cenovus
  • Equinor ASA
  • Royal Dutch Shell plc.
  • PDVSA
  • Chevron Corporation
  • Occidental
  • Husky Energy
  • Sinopec
  • BP plc
  • Petroliam Nasional Berhad (Petronas)

Thermal Enhanced Oil Recovery is a process that involves burning of natural gas to produce steam, which is then injected into the reservoir for heating heavy oils and thereby change its viscosity. This in turn simplifies the overall oil recovery process. Now-a-days solar energy is also used by the concentrating the sun rays with the help of mirrors to produce heat and carry out the recovery process.

Market Dynamics and Trends:

The rapidly growing population has led to the increased demand of oil and fuel for various purposes including automobile, machinery and others. Moreover, technological development and depleting levels of fossil fuels are expected to promote the growth of thermal enhanced oil recovery market. Other factors including maturity of oilfields, increasing amount of oil recovery from the oil fields and limited availability of natural gas are expected to further drive the market growth. However, fluctuation in oil prices and environmental impacts are expected to hinder the growth of thermal enhanced oil recovery market. On the contrary, increase in the investments and R&D activities are also expected to create lucrative opportunities in the thermal enhanced oil recovery market over the forecast period.

Market Segmentations and Scope of the Study:

The global thermal enhanced oil recovery market share is segmented on the basis of technology, application and geography. On the basis of technology, the market is segmented into Oil Sands, Heavy Oil, Steam Injection (Cyclic Steam Stimulation (CSS), Steam Flooding), Steam-Assisted Gravity Drainage (SAGD) and other. On the basis of application, the market is divided into onshore and offshore. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America is expected to account for the major market share owing to the increasing demand of oil and presence of matured wells. Moreover, technological advancements coupled with presence of developed infrastructures are expected to fuel the growth of thermal enhanced oil recovery market. However, Asia Pacific is expected to show rapid growth with gradual increase in market share owing to the presence of developing economies such as India, China and others. Moreover, presence of large population and several oil wells across the region are also expected to promote the growth of thermal enhanced oil recovery market.

Key Topics Covered:

1. Introduction

2. Market Snapshot, 2019-2030 Million USD

3. Porter's Five Force Model Analysis

4. Market Dynamics

5. Global Thermal Enhanced Oil Recovery (Eor) Market, by Type

6. Global Thermal Enhanced Oil Recovery (Eor) Market, by Technology

7. Global Thermal Enhanced Oil Recovery (Eor) Market, by Region

8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/igz9bo


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE--The demand for low- and negative-carbon renewable fuel has increased as more companies look for solutions to address climate change. As the leading provider of renewable natural gas (RNG) for the transportation industry, Clean Energy Fuels Corp. (NASDAQ: CLNE) is now well-positioned to turn their customers’ sustainability goals into reality.



Today at its annual shareholders meeting, Clean Energy introduced a new company logo, a cornerstone of an entirely new brand identity that aligns with its growing commitment to expand its renewable fuel solution. This includes investing in the development of RNG from dairies and other agricultural facilities both independently and with partners TotalEnergies and bp.

“Clean Energy’s business has pivoted to focus on an extraordinary renewable, non-fossil fuel that can actually reduce fleets' carbon footprint by as much as 500%,” said Andrew J. Littlefair, president and CEO, Clean Energy. “The logo, color scheme, messaging, website and other brand elements that we introduced today denote a circular economy, where organic waste is turned into sustainable fuel, and embodies the role Clean Energy plays in helping our planet.”

Currently, RNG represents 70 percent of the fuel sold at Clean Energy’s nationwide network of stations, and the company is on a track to provide the fuel at all its stations by 2025, meeting one of its own sustainability goals.

As part of the new branding, Clean Energy also launched a new website with updated information about the company’s focus on being able to provide beginning-to-end solutions to meet the growing demand for RNG.

About Clean Energy

Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @CE_NatGas on Twitter.


Contacts

Clean Energy Contact:
Raleigh Gerber
949-437-1397
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Investor Contact:
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), today announced the pricing of its latest securitization of leases and power purchases agreements.


“We are pleased to report the pricing of a ground-breaking securitization of third party owned (“TPO”) solar and storage assets,” said Robert Lane, Chief Financial Officer of Sunnova. “We were able to achieve our tightest spread over the interest rate benchmark to date for a TPO solar and storage asset securitization, reflecting the high-quality assets in the pool. Further, this is the solar sector’s first ever securitization re-financing collateral from a pre-existing securitization. Finally, we have structured this transaction to align the debt service of the assets more closely with their cash flows, which in turn allows us to bring more cash to the corporate level and bring us closer to our goal of issuing a bullet-maturity green bond.”

The single-tranche securitization consists of $319.0 million in A- (sf) rated 2.58% notes at a 76.4% advance rate, representing a spread to the benchmark swap rate of 140 bps. The A- rated notes carry a weighted average life of approximately 7.46 years through the Anticipated Repayment Date of April 30, 2031 and have a final maturity of April 28, 2056.

Advance rates are calculated relative to the securitization share of the aggregate discounted solar asset balance.

The notes are backed by a diverse portfolio of over 20,900 solar rooftop systems distributed across 18 states, Guam, Puerto Rico, and Northern Mariana Islands. The weighted average customer FICO score of the related customers at the time of origination is approximately 740. Sunnova intends to use the proceeds from the sale of the notes for the repayment of one or more currently existing financing arrangements of Sunnova’s subsidiaries, including the voluntary prepayment of all outstanding 4.94% Series 2017-1 Class A solar asset-backed notes, 6.00% Series 2017-1 Class B solar asset-backed notes and 8.00% Series 2017-1 solar asset-backed notes with a maturity date of September 2049 pursuant to the Indenture, dated as of April 19, 2017, among Helios Issuer, LLC, as issuer, and Wells Fargo Bank, National Association, as trustee, the payment of expenses related to the offering of the notes, and for general corporate purposes. The transaction is expected to close by June 17, 2021, subject to customary closing conditions.

Credit Suisse was the sole structuring agent and bookrunner for the securitization.

The notes have not been and will not be registered under the Securities Act of 1933, as amended, or applicable state securities laws, and, unless so registered, such securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation of an offer or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offer of the notes will be made only by means of a private offering circular.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expect," "plan," "anticipate," "going to," "could," "intend," "target," "project," "contemplates," "believe," "estimate," "predict," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Sunnova's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding the expectations in connection with the offering, including the closing thereof, the use of proceeds from the offering and use of excess cashflows from the collateral, as well as debt service, cash flows, and future financing plans. Sunnova's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, the effects of the coronavirus pandemic on our business and operations, results of operations and financial position, our competition, fluctuations in the solar and home-building markets, availability of capital, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Sunnova's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. The forward-looking statements in this release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.

ABOUT SUNNOVA

Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. and its territories. Sunnova’s goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.


Contacts

INVESTOR RELATIONS:

Rodney McMahan, Vice President Investor Relations
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281.971.3323

MEDIA CONTACT

Alina Eprimian, Media Relations Manager
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BUSAN, South Korea--(BUSINESS WIRE)--#BulletproofMobileSmartPosts--YGM Co., Ltd, a Korean company specialized in shipbuilding equipment, is entering the global market.


YGM develops various bulletproof plating applications to supply its bulletproof plates for special mobile ships to the Coast Guard. YGM is also developing bulletproof mobile smart posts equipped with drone stations to keep pace with the global demand.

YGM boasts superior technology in the bulletproof industry as its bulletproof plate, developed through extensive testing, obtained seven patents. Based on its ship bulletproofing technology, new products are being developed reflecting multi-use requirements, such as fixed and mobile smart bulletproof posts, surveillance posts, and guard posts.

Shipbuilding is a comprehensive and strategic industry that provides other various industries such as water transportation, marine resource development, and national defense with the technical equipment. The countries leading the global shipbuilding industry are currently promoting to be positioned as maritime powerhouses through the transition to smart ship manufacturing.

According to the Korea International Trade Association (KITA), the volume of shipbuilding completion in Korea, China, and Japan currently accounts for nearly 90% of the global industry. Especially, Korea has secured international competitiveness in terms of technological capability, high value-added advanced ship manufacturing, and core support industries.

YGM CEO Lee Yong-gwan said, “As continuous technology development for high value-added ship types is expected, the export of shipbuilding equipment and products will also increase. To realize it, we will continue our vigorous research and development activities in the related fields.”

Advancing into the global market, YGM plans to be a global leader in the field of bulletproof plates and smart posts for special ships.


Contacts

For YGM Co., Ltd
Onplus
Elin Kim
+82-51-934-9914
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NEW YORK--(BUSINESS WIRE)--Climate Change Crisis Real Impact I Acquisition Corporation (NYSE: CLII) (“CLII”), a publicly-traded special purpose acquisition company, reminds its stockholders to vote in favor of the previously announced business combination (the “Business Combination”) with EVgo Services LLC (“EVgo”), the nation’s largest public fast charging network for electric vehicles (“EVs”) and first powered by 100% renewable electricity.

Stockholders who owned common stock of CLII as of the close of business on May 19, 2021 (the “Record Date”), may vote their shares. Stockholders as of the Record Date continue to have the right to vote their shares, regardless of whether such stockholders subsequently sold their shares and do not own such shares as of the date they cast their vote.

The special meeting to approve the pending Business Combination (the “Special Meeting”) is scheduled to be held on June 29, 2021 at 10:00 a.m. Eastern Time. The Special Meeting will be conducted completely virtually, and can be accessed via live webcast at https://www.cstproxy.com/climatechangecrisisrealimpacti/2021.

Additional information on how stockholders of record may vote their shares can be found at https://www.climaterealimpactsolutions.com/cris1-vote.

Every stockholder’s vote is important, regardless of the number of shares held. Accordingly, all CLII stockholders who held shares as of the Record Date who have not yet voted are encouraged to do so as soon as possible and by no later than 10:00 a.m. Eastern Time on June 29, 2021. For the avoidance of doubt, CLII stockholders who owned shares as of the Record Date and subsequently sold all or a portion of their shares are STILL entitled to vote, and are encouraged to do so. CLII’s board of directors recommends you vote “FOR” the Business Combination with EVgo and “FOR” all of the related proposals described in the definitive proxy statement on Schedule 14A (the “Proxy Statement”) filed by CLII with the Securities and Exchange Commission (“SEC”) on May 27, 2021.

These are the two easiest and fastest ways to vote – and they are both free:

  • Vote Online (Highly Recommended): Follow the instructions provided by your broker, bank or other nominee on the Voting Instruction Form mailed (or e-mailed) to you. To vote online, you will need your voting control number, which you can find on your Voting Instruction Form. Votes submitted electronically over the Internet must be received by 11:59 p.m., Eastern Time, on June 28, 2021.
  • Vote by Telephone: Follow the instructions provided by your broker, bank or other nominee on the Voting Instruction Form mailed (or e-mailed) to you. To vote via the automated telephone service, you will need your voting control number, which you can find on your Voting Instruction Form. Votes submitted over the telephone must be received by 11:59 p.m., Eastern Time, on June 28, 2021.

Additionally, you can also vote by mail:

  • Vote by Mail: Follow the instructions provided by your broker, bank or other nominee on the Voting Instruction Form mailed or e-mailed to you. You will need your voting control number which is included on the Voting Instruction Form mailed or e-mailed to you in order to vote by mail. Please be sure to, (1) mark, sign and date your Voting Instruction Form, (2) fold and return your Voting Instruction Form in the postage-paid envelope provided, and (3) mail your Voting Instruction Form to ensure receipt on or before 11:59 p.m., Eastern Time, on June 28, 2021.

YOUR CONTROL NUMBER IS FOUND ON YOUR VOTING INSTRUCTION FORM. If you did not receive or misplaced your Voting Instruction Form, contact your bank, broker or other nominee to obtain your control number in order to vote. A bank, broker or other nominee is a person or firm that acts as an intermediary between an investor and the stock exchange who can help you vote your shares.

If any individual CLII stockholder has not received the Proxy Statement, such stockholder should (i) confirm his or her Proxy Statement’s status with his or her broker or (ii) contact Morrow Sodali LLC, CLII’s proxy solicitor, for assistance via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or toll-free call at (800) 662-5200. Banks and brokers can place a collect call to Morrow Sodali at (203) 658-9400.

Important Information and Where to Find It

In connection with the proposed Business Combination between EVgo and CLII and related transactions (the “Proposed Transactions”), CLII has filed the Proxy Statement with the SEC, which was distributed to holders of CLII’s common stock in connection with CLII’s solicitation of proxies for the vote by CLII’s stockholders with respect to the Proposed Transactions and other matters as described in the Proxy Statement. Investors and security holders and other interested parties are urged to read the Proxy Statement, and any amendments thereto and any other documents filed with the SEC carefully and in their entirety because they contain important information about CLII, EVgo and the Proposed Transactions. Investors and security holders may obtain free copies of the Proxy Statement and other documents filed with the SEC by CLII through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: Climate Change Crisis Real Impact I Acquisition Corporation, 300 Carnegie Center, Suite 150, Princeton, New Jersey 08540. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation

CLII and EVgo and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the Proposed Transactions. Information about the directors and executive officers of CLII and EVgo is set forth in the Proxy Statement. Stockholders, potential investors and other interested persons should read the Proxy Statement carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.

Forward Looking Statements

Certain statements in this press release that are not historical facts may constitute forward-looking statements are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, regarding CLII’s proposed business combination with EVgo, CLII’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of CLII and EVgo and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CLII or EVgo. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the stockholders of CLII or EVgo is not obtained; failure to realize the anticipated benefits of business combination; risk relating to the uncertainty of the projected financial information with respect to EVgo; the amount of redemption requests made by CLII’s stockholders; the overall level of consumer demand for EVgo’s products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of EVgo’s customers; EVgo’s ability to implement its business strategy; changes in governmental regulation, EVgo’s exposure to litigation claims and other loss contingencies; disruptions and other impacts to EVgo’s business, as a result of the COVID-19 pandemic and government actions and restrictive measures implemented in response; stability of EVgo’s suppliers, as well as consumer demand for its products, in light of disease epidemics and health-related concerns such as the COVID-19 pandemic; the impact that global climate change trends may have on EVgo and its suppliers and customers; EVgo’s ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, CLII’s information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency fluctuations; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect CLII’s or EVgo’s financial results is included from time to time in CLII’s public reports filed with the SEC, as well as the Proxy Statement that CLII has filed with the SEC in connection with CLII’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed business combination. If any of these risks materialize or CLII’s or EVgo’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither CLII nor EVgo presently know, or that CLII and EVgo currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect CLII’s and EVgo’s expectations, plans or forecasts of future events and views as of the date of this press release. CLII and EVgo anticipate that subsequent events and developments will cause their assessments to change. However, while CLII and EVgo may elect to update these forward-looking statements at some point in the future, CLII and EVgo specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing CLII’s or EVgo’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

No Offer or Solicitation

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

About CLII

CLII is a special-purpose acquisition company (“SPAC”) formed to identify and acquire a scalable company making significant contributions to the fight against the climate crisis. CLII is co-sponsored by private funds affiliated with Pacific Investment Management Company LLC (“PIMCO”), which has more than $640 billion in sustainability investments across its portfolios. CLII is led by a seasoned operations and leadership team that has decades of experience at the intersection of climate change and capitalism, and includes veterans from NRG, Credit Suisse, General Electric and Green Mountain Power. For more information, please visit www.climaterealimpactsolutions.com/.

About EVgo

EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s charging network serves over 65 metropolitan areas across 34 states, owns and operates the most public fast charging locations in the US. and serves more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. EVgo’s parent company is LS Power, a New York-headquartered development, investment and operating company focused on leading edge solutions for the North American power and energy infrastructure sector. On January 22, 2021, EVgo announced that it entered into a definitive business combination agreement with CLII (NYSE: CLII). For more information visit evgo.com and lspower.com.


Contacts

CLII
For Investors:
Dan Gross
This email address is being protected from spambots. You need JavaScript enabled to view it.

For Media:
Isaac Steinmetz
Director of Media Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
646-883-3655

EVgo
For Investors:
This email address is being protected from spambots. You need JavaScript enabled to view it.

For Media:
This email address is being protected from spambots. You need JavaScript enabled to view it.

LS Power
Steven Arabia
Director, Government Affairs & Media Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
609-212-3857

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that Roger W. Jenkins, President and Chief Executive Officer, will present at the virtual J.P. Morgan 2021 Energy, Power & Renewables Conference on Tuesday, June 22, 2021 at 11:10 a.m. Eastern Daylight Time (EDT).


The live audio webcast presentation will be available on the company’s website at http://ir.murphyoilcorp.com.

ABOUT MURPHY OIL CORPORATION

As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. The company sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.


Contacts

Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470

ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong” or the “Company”) (NYSE: HASI), a leading investor in climate change solutions, today announced, subject to market conditions, a private offering of $750 million in aggregate principal amount of senior unsecured notes due 2026 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”). At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.


The Company intends to utilize the net proceeds of this offering to redeem the Issuers’ 5.250% Senior Notes due 2024 (the “2024 notes”), which are green bonds. After this redemption, the Company intends to use the incremental net proceeds of this offering to acquire or refinance, in whole or in part, eligible green projects, which include assets that are neutral to negative on incremental carbon emissions. In addition, these eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the bonds and those with disbursements to be made following the issue date. Prior to the full investment of such net proceeds, the Company intends to invest such net proceeds in interest-bearing accounts and short-term, interest-bearing securities which are consistent with the Company's intention to continue to qualify for taxation as a REIT.

The Notes and the related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related guarantees will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release shall not constitute a notice of redemption for the 2024 notes.

About Hannon Armstrong

Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $7 billion in managed assets as of March 31, 2021, Hannon Armstrong’s core purpose is to make climate-positive investments with superior risk-adjusted returns.

Forward-Looking Statements

Some of the information in this press release contains forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “target,” or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in the Company’s Annual Report on Form 10-K for the Company’s fiscal year ended December 31, 2020, which was filed with the U.S. Securities and Exchange Commission (“SEC”), as well as in other reports that the Company files with the SEC.

Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.


Contacts

INVESTOR RELATIONS INQUIRIES
Chad Reed
410-571-6189
This email address is being protected from spambots. You need JavaScript enabled to view it.

BOSTON--(BUSINESS WIRE)--Dive Technologies, Inc., today announced it has formally extended their partnership with Kraken Robotics to build a commercial Autonomous Underwater Vehicle (AUV) for deep subsea cable and infrastructure inspections and geophysical surveys. Specially built for Kraken Robotics, the commercial AUV, called the DIVE-LD, will be outfitted with a unique survey sensor suite to augment Kraken’s existing fleet in Canada with a long-range, deep-sea survey capability. The DIVE-LD will be delivered to Kraken Robotics later this summer.



“We couldn’t be more excited to build and deploy our DIVE-LD to our first commercial customer,” says Bill Lebo, Co-Founder and Chief Executive Officer at Dive Technologies. “Kraken Robotics and Dive Technologies share the same vision for subsea exploration. Our AUV joining Kraken’s fleet is a testament to our joint pursuit of creating next generation subsea technologies with the range and capabilities necessary to address new subsea markets and deliver meaningful survey and inspection data to a myriad of commercial customers.”

“Working together with Dive Technologies on this build and custom sensor suite has been an amazing experience and we’re excited to get the vehicle into the ocean and collecting data later this year,” says Greg Reid, Chief Operating Officer at Kraken Robotics. “Dive’s ability to rapidly integrate and configure their AUV to meet our needs with technologies such as a Multi-Spectral Synthetic Aperture Sonar and SeaVision 3D Laser imager is incredible and speaks volumes to the flexibility of their architecture.”

About Dive Technologies: Founded in 2018, Dive Technologies designs, develops, and deploys premier autonomous underwater vehicles for large-scale commercial and defense data collection. Utilizing deep domain expertise, Dive Technologies is building highly scalable and flexible, fastest to the sea, and best-in-class AUV platforms that combine purpose-driven technology with an intuitive architecture to help customers rapidly and efficiently collect subsea data. For more information, please visit www.divetechnologies.com.

About Kraken Robotics: Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company dedicated to the production and sale of software-centric sensors, subsea batteries and thrusters, and underwater robotic systems. The company is headquartered in Newfoundland with offices in Canada, U.S., Germany, Denmark, and Brazil. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.


Contacts

Sam Russo
Dive Technologies, Inc.
617.275.5500
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Demonstrates Itron’s Commitment to the Industry and U.N. Sustainable Development Goals to Create a More Resourceful World

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#ESG--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today released its 2020 Environmental Social Governance (ESG) Report, highlighting the company’s efforts to be more efficient and effective in working with partners and customers to lower greenhouse gas emissions and create a more resourceful world.


In 2020, throughout the COVID-19 pandemic, Itron has placed the health and safety of its employees, customers, and partners above all else. As with many industries, the COVID-19 pandemic hastened changes within the energy industry that had been working towards greater efficiency through consolidating their service and operational centers. Itron and its partners swiftly reacted to become more nimble with their business operations as utilities became an essential service, whether it was electricity for those working from home to clean water provided to hospitals.

“The energy industry is under pressure, and we are seeing more customers seek our assistance to become more sustainable, increase the diversity of their supply chain, and align with their stakeholders and beliefs in delivering a more resourceful world,” said Tom Deitrich, president and CEO of Itron. “Our 2020 ESG report expands on our 2019 framework, which we use to guide our decisions to increase the positive impact our business drives for our stakeholders and our planet.”

Itron aligns its operational and ESG efforts into four pillars that each take action and focus the company’s efforts to create a more resourceful world. The 2020 ESG report highlights improved results and expanded efforts related to:

  • Environmental and Operational Stewardship – Using an integrated management system, Itron connects environmental, health and safety programs to reduce its carbon footprint and environmental impact across their network.
  • Solution Impact and Community Involvement – Working closely with community partners, Itron is developing digital transformation technologies and networks that ensure the sustainability of energy and water resources in the future. Additionally, Itron’s corporate-partnered STEM education programs reach millions of students and educators around the globe, empowering employees to mentor the next generation of problem solvers in their communities.
  • Inclusion and Human Capital Pledge – Focusing on the inclusion and diversity area, Itron hired a Director of Inclusion and Diversity who is driving greater education across employee groups, gathering insights from internal surveys, supporting talent acquisition efforts and implementing programs to benefit the mental and physical wellbeing of employees.
  • Effective Shareholder Advocacy – Committing to greater stewardship of operations and environment impact, Itron is following the principles of transparency and ethics in all their relationships to improve energy and water management around the globe.

The 2020 ESG report can be downloaded at www.itron.com/esg.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.


Contacts

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
This email address is being protected from spambots. You need JavaScript enabled to view it.

Regular Monthly Meeting Scheduled June 22

HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold a Special meeting virtually on Monday, June 14 at 2:00 p.m., via WebEx webinar.


The Commission will conduct its regular monthly meeting virtually on Tuesday, June 22, at 9:15 a.m., via WebEx webinar. The Community Relations Committee meeting will begin at 10:00 a.m., or thereafter, immediately following the adjournment of the Port Commission meeting.

The agenda and the instructions to access these virtual meetings are available at https://porthouston.com/leadership/public-meetings/.

Please note the following upcoming planned Port Houston public meetings: (subject to change)

June 24: Business Equity Advisory Council meeting – 10:00 a.m.
July 13: Pension & Benefits Committee meeting – 10:00 a.m.
July 20: Port Commission Regular meeting – 9:15 a.m.
July 27: Audit Committee meeting – 10:00 a.m.

Sign up for public comment is available up to an hour before these Port Commission meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..

Currently, the Port Authority Executive Office Building is closed to the general public at this time. Texas Governor Abbott’s action of March 16, 2020 allows virtual and telephonic open meetings to maintain government transparency.

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/


Contacts

Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Habitat Restoration Projects Rebuild Wetlands, Help Reduce Ocean Acidification in Louisiana and Texas

KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Rightwaters is a new sponsor of the Ducks Unlimited Gulf Coast Initiative, a multi-year conservation initiative dedicated to rebuilding wetlands lost to erosion, subsidence and sea level rise in Louisiana and Texas. Through the Meraux Foundation Terracing Project in Louisiana and the Sargent Marsh Shoreline Protection Project in coastal Texas, Ducks Unlimited, Yamaha Rightwaters, and other supporters will restore designated seagrass and wetland habitats and contribute to climate mitigation through a combination of protecting buried carbon and sequestering atmospheric carbon at rates up to 530 metric tons of carbon dioxide per year across the two projects.



Yamaha Rightwaters will contribute $225,000 to Ducks Unlimited over a three-year period.

“The Yamaha Rightwaters team recognizes the importance of rebuilding wetlands and saltmarshes in the fight against ocean acidification,” said Adam Putnam, CEO of Ducks Unlimited. “Gulf Coast wetlands are among the most productive habitats in North America and, tragically, also the continent’s most rapidly disappearing wetland system. That’s why DU is working with conservation sponsors like Yamaha to invest nearly $16 million this year alone in projects through the Gulf Coast Initiative.”

Overall, the Gulf Coast Initiative projects supported by Yamaha Rightwaters serve to improve water quality, promote the growth of submerged aquatic vegetation, buffer storm surge and decrease erosion, counteract the impact of relative sea level rise, promote the growth of shellfish and other organisms that can remove more than one metric ton of nitrogen a year over a one-mile length of shoreline, and provide sustainable recreational and commercial fishing opportunities for the public.

The Meraux Foundation Terracing project in St. Bernard Parish, La., enhances 200 acres of marsh near the coastal community of Chalmette by constructing marsh terraces that will protect a flood protection levee, power lines and a walking trail. The project increases edge habitat along land/water interfaces, which is preferred by commercially and recreationally important marine fauna, including brown and white shrimp, blue crab, red drum, black drum, spotted sea trout, white trout and southern flounder.

The Sargent Marsh Shoreline Protection project involves the construction of a rock breakwater to halt shoreline erosion, reduce channel siltation and reverse adjacent marsh degradation along the Gulf Intercoastal Waterway and San Bernard National Wildlife Refuge in Brazoria and Matagorda counties in Texas. In addition to protecting interior marsh, these breakwaters provide structure for oysters and other fish.

“These Ducks Unlimited projects focus on habitat restoration as a means of enhancing the overall quality and sustainability of the wetlands. Habitat restoration is also an important cornerstone of the Yamaha Rightwaters mission,” said Ben Speciale, President, Yamaha U.S. Marine Business Unit. “The sequestration of carbon dioxide through these efforts plays a critical role in preserving and sustaining healthy fisheries for generations to come. We look forward to the progress we will make together in Louisiana and Texas.”

To learn more about Yamaha Rightwaters’ support of the Ducks Unlimited Gulf Coast Initiative, click here.

Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.

Ducks Unlimited Inc. is the world's largest nonprofit organization dedicated to conserving North America's continually disappearing waterfowl habitats. Established in 1937, Ducks Unlimited has conserved more than 15 million acres thanks to contributions from more than a million supporters across the continent. Guided by science and dedicated to program efficiency, DU works toward the vision of wetlands sufficient to fill the skies with waterfowl today, tomorrow and forever. For more information on our work, visit www.ducks.org.

Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception.

REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.

© 2021 Yamaha Motor Corporation, U.S.A. All rights reserved.

This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement. Ducks Unlimited is a registered trademark of Ducks Unlimited, Inc.


Contacts

Melissa Boudoux
Media Relations and Dealer Education
Yamaha Marine Engine Systems
Office: (770) 701-3269
Mobile: (404) 381-7593
This email address is being protected from spambots. You need JavaScript enabled to view it.

Neal Wheaton
Wilder+Wheaton for
Yamaha Marine Engine Systems
Mobile: (404) 317-0698
This email address is being protected from spambots. You need JavaScript enabled to view it.

RICHMOND, Va.--(BUSINESS WIRE)--Eastern Gas Transmission and Storage, Inc. (“EGTS”) today announced that it has commenced offers to all Eligible Holders (as defined below) to exchange (the “Exchange Offers”) certain notes previously issued by Eastern Energy Gas Holdings, LLC (“EEGH”) listed in the table below (together, the “Existing EEGH Notes”) for up to $1.6 billion aggregate principal amount (the “Maximum Exchange Amount”) of certain new notes to be issued by EGTS (collectively, the “New EGTS Notes”), pursuant to the terms and subject to the conditions set forth in a confidential offering memorandum and consent solicitation statement, dated as of June 11, 2021 (the “Exchange Offer Memorandum”).


The following table sets forth the Early Tender Consideration and Expiration Time Consideration offered for each series of Existing EEGH Notes:

Title of Existing EEGH Notes

 

CUSIP / ISIN

 

Aggregate
Principal Amount
Outstanding

 

Acceptance
Priority
Level

 

Early Tender Notes Consideration(1)

 

Early
Tender
Premium(1)

 

Expiration Time
Consideration(2)

Existing EEGH 3.900%
Senior Notes due 2049

 

257375AQ8/

US257375AQ86

 

$300,000,000

 

1

 

$1,000 principal amount of New EGTS 3.900% Senior Notes due 2049

 

$1.00 in
cash

 

$970 principal amount of New EGTS 3.900% Senior Notes due 2049

 

Existing EEGH 4.600%
Senior Notes due 2044

 

257375AJ4/

US257375AJ44

 

$500,000,000

 

2

 

$1,000 principal amount of New EGTS 4.600% Senior Notes due 2044

 

$1.00 in
cash

 

$970 principal amount of New EGTS 4.600% Senior Notes due 2044

 

Existing EEGH 4.800%
Senior Notes due 2043

 

257375AF2/

US257375AF22

 

$400,000,000

 

3

 

$1,000 principal amount of New EGTS 4.800% Senior Notes due 2043

 

$1.00 in
cash

 

$970 principal amount of New EGTS 4.800% Senior Notes due 2043

 

Existing EEGH 3.800% Senior Notes due 2031

 

— /

XS1418789563

 

$150,000,000

 

4

 

$1,000 principal amount of New EGTS 3.800% Senior Notes due 2031

 

$1.00 in
cash

 

$970 principal amount of New EGTS 3.800% Senior Notes due 2031

 

Existing EEGH 3.000%
Senior Notes due 2029

 

257375AP0/

US257375AP04

 

$600,000,000

 

5

 

$1,000 principal amount of New EGTS 3.000% Senior Notes due 2029

 

$1.00 in
cash

 

$970 principal amount of New EGTS 3.000% Senior Notes due 2029

 

Existing EEGH 3.600% Senior Notes due 2024

 

257375AH8/

US257375AH87

 

$450,000,000

 

6

 

$1,000 principal amount of New EGTS 3.600% Senior Notes due 2024

 

$1.00 in
cash

 

$970 principal amount of New EGTS 3.600% Senior Notes due 2024

 

Existing EEGH 2.500%
Senior Notes due 2024

 

257375AN5/

US257375AN55

 

$600,000,000

 

7

 

$1,000 principal amount of New EGTS 2.500% Senior Notes due 2024

 

$1.00 in
cash

 

$970 principal amount of New EGTS 2.500% Senior Notes due 2024

 

Existing EEGH 3.550%
Senior Notes due 2023

 

257375AE5 and 257375AB1/

US257375AE56 and US257375AB18

 

$400,000,000

 

8

 

$1,000 principal amount of New EGTS 3.550% Senior Notes due 2023

 

$1.00 in
cash

 

$970 principal amount of New EGTS 3.550% Senior Notes due 2023

 

Existing EEGH 2.875%
Senior Notes due 2023

 

257375AL9 and U25504AE8/ US257375AL99 and

USU25504AE88

 

$250,000,000

 

9

 

$1,000 principal amount of New EGTS 2.875% Senior Notes due 2023

 

$1.00 in
cash

 

$970 principal amount of New EGTS 2.875% Senior Notes due 2023

_________________

(1)

 

For each $1,000 principal amount of Existing EEGH Notes validly tendered at or before the Early Tender Time, not validly withdrawn and accepted for exchange.

(2)

 

For each $1,000 principal amount of Existing EEGH Notes validly tendered after the Early Tender Time and at or before the Expiration Time, not validly withdrawn and accepted for exchange.

Subject to the Maximum Exchange Amount, proration terms and other terms set forth in the Exchange Offer Memorandum, the amounts of each series of Existing EEGH Notes that are accepted in the Exchange Offers will be determined in accordance with the acceptance priority levels set forth in the table above (the “Acceptance Priority Levels”), with Acceptance Priority Level 1 being the highest Acceptance Priority Level and Acceptance Priority Level 9 being the lowest Acceptance Priority Level. As a result, the reduction, if any, in the amount of Existing EEGH Notes of any particular series that remains outstanding following consummation of the Exchange Offers is expected to be largest in the series of Existing EEGH Notes having higher Acceptance Priority Levels.

In conjunction with the Exchange Offers, EEGH is soliciting consents (the “Consents” and, such solicitations, the “Consent Solicitations”) to adopt certain proposed amendments to the indenture governing the Existing EEGH Notes (as supplemented for each particular series of Existing EEGH Notes, the “Existing EEGH Notes Indentures”) to eliminate certain events of default, modify covenants regarding mergers and consolidations, and modify or eliminate certain other provisions, including certain provisions relating to liens and defeasance, contained in the Existing EEGH Notes Indentures and the Existing EEGH Notes (the “Proposed Amendments”). The Proposed Amendments will become effective with respect to a particular series of Existing EEGH Notes that remain outstanding following the relevant Exchange Offer to the extent (i) participation in the Exchange Offer by such series of Existing EEGH Notes exceeds 50% of the outstanding principal amount of such series and (ii) all tendered Existing EEGH Notes of such series are accepted for exchange in the related Exchange Offer.

The Exchange Offers and the Consent Solicitations will expire at 11:59 p.m., New York City time, on July 9, 2021, unless extended or earlier terminated (such time and date, as the same may be extended, the “Expiration Time”).

Eligible Holders who validly tender and do not validly withdraw their Existing EEGH Notes at or prior to 5:00 p.m., New York City time, on June 24, 2021 (such date and time with respect to an Exchange Offer and Consent Solicitation, as the same may be extended for such Exchange Offer and Consent Solicitation, the “Early Tender Time”), will be eligible to receive, in exchange for each $1,000 principal amount of Existing EEGH Notes validly tendered and not validly withdrawn, the applicable consideration as set forth in the table above under the heading “Early Tender Notes Consideration” (the “Early Tender Notes Consideration”) and the premium set forth in the table above under the heading “Early Tender Premium” (the “Early Tender Premium” and, together with the Early Tender Notes Consideration, the “Early Tender Consideration”).

Eligible Holders who validly tender and do not validly withdraw their Existing EEGH Notes after the Early Tender Time but at or prior to the Expiration Time will be eligible to receive, in exchange for each $1,000 principal amount of Existing EEGH Notes validly tendered and not validly withdrawn, the applicable consideration as set forth in the table above under the heading “Expiration Time Consideration” (the “Expiration Time Consideration”).

Tenders of Existing EEGH Notes may be withdrawn and Consents may be revoked at any time at or prior to 5:00 p.m., New York City time, on June 24, 2021, but not thereafter, subject to limited exceptions or as otherwise required by applicable law, unless such time is extended (such time and date with respect to the Exchange Offers, as the same may be extended, the “Withdrawal Deadline”).

Eligible Holders (as defined below) of Existing EEGH Notes that tender such Existing EEGH Notes will be deemed to have given Consent to the Proposed Amendments (in respect of the applicable series of Existing EEGH Notes tendered). Eligible Holders of Existing EEGH Notes may not tender their Existing EEGH Notes without delivering a Consent with respect to such Existing EEGH Notes and such holders may not deliver a Consent without tendering the related Existing EEGH Notes in the applicable Exchange Offer. A valid withdrawal of tendered Existing EEGH Notes will also constitute the revocation of the related Consent with respect to the applicable indenture governing that series of Existing EEGH Notes. Consents may only be revoked by validly withdrawing the tendered Existing EEGH Notes at or prior to the Withdrawal Deadline.

There is no minimum condition to the acceptance of Existing EEGH Notes tendered under the Exchange Offers or the acceptance of Consents under the Consent Solicitations; however, the approval and effectiveness of the Proposed Amendments with respect to any series of Existing EEGH Notes is subject to (among other things) participation in the Exchange Offer by the holders of more than 50% of the aggregate outstanding principal amount of such series immediately prior to the Expiration Time. EGTS has the right to terminate, withdraw or amend at its sole discretion the Exchange Offers and EEGH has the right to terminate, withdraw or amend at its sole discretion the Consent Solicitations, either as a whole, or with respect to one or more series of Existing EEGH Notes, at any time and for any reason, including based on the acceptance rate and outcome of the Exchange Offers or the Consent Solicitations or failure to satisfy any condition to the Exchange Offers or the Consent Solicitations.

EGTS, in its sole discretion, may modify or terminate the Exchange Offers and may extend the Early Tender Time, the Expiration Time and/or the settlement date with respect to the Exchange Offers, subject to applicable law. Any such modification, termination or extension by EGTS will automatically modify, terminate or extend the corresponding Consent Solicitations by EEGH, as applicable.

EGTS will return to EEGH all Existing EEGH Notes which are validly tendered and accepted in the Exchange Offers (the “Returned Notes”), and EEGH will cancel such Returned Notes. At the date hereof, EGTS has $1.895 billion of long term indebtedness to EEGH (the “EGTS Long Term Debt”). In exchange for EGTS returning the Returned Notes, EEGH will cancel an aggregate principal amount of the EGTS Long Term Debt equal to the aggregate principal amount of the Returned Notes, and such debt cancellation will be treated as a capital contribution to EGTS. In addition, EEGH will, following completion of the Exchange Offers, make a further capital contribution to EGTS through its cancellation of the then-remaining balance of the EGTS Long Term Debt.

The New EGTS Notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements, or any state or foreign securities laws. Accordingly, the Exchange Offers are being made, and the New EGTS Notes are being offered and issued, only (a) in the United States to holders of Existing EEGH Notes who are reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act), and (b) outside the United States to holders of Existing EEGH Notes who are not U.S. persons, in transactions exempt from registration under the Securities Act. The holders of Existing EEGH Notes who have certified to EGTS and EEGH that they are eligible to participate in the Exchange Offers pursuant to at least one of the foregoing conditions are referred to as “Eligible Holders.” Only Eligible Holders who have completed and returned an Eligibility Letter, available from the information agent (available at https://gbsc-usa.com/eligibility/eegh), are authorized to receive or review the Exchange Offer Memorandum or to participate in the Exchange Offers. EGTS will also enter into a registration rights agreement with the Dealer Managers, for the benefit of the holders of the New EGTS Notes.

This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Exchange Offers and Consent Solicitations are being made solely pursuant to the Exchange Offer Memorandum and only to such persons and in such jurisdictions as is permitted under applicable law.

About EGTS and EEGH

EGTS operates an interstate natural gas transmission pipeline, consisting of approximately 3,900 miles of natural gas transmission, gathering and storage pipelines across six states in or adjoining the Mid-Atlantic region. EGTS’s extensive pipeline system, which is interconnected with many interstate and intrastate pipelines in the national pipeline grid system, is well-positioned as a critical link between the Marcellus and Utica supply basins and key demand markets in the Northeast and Mid-Atlantic regions. EGTS serves a broad mix of customers, including utilities, electric power generators, commercial and industrial users, producers and marketers of natural gas, and interstate and intrastate pipelines.

EEGH owns, among other things, 100% of the outstanding common stock of EGTS. EEGH files reports pursuant to Section 15(d) of the Securities Exchange Act of 1934, as amended, and a description of its business is contained in such reports.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release and the Exchange Offer Memorandum referred to herein contain statements that do not directly or exclusively relate to historical facts. These statements are “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements can typically be identified by the use of forward-looking words, such as “will”, “may,” “could,” “project,” “believe,” “anticipate,” “expect,” “estimate,” “continue,” “intend,” “potential,” “plan,” “forecast” and similar terms. These statements are based upon the current intentions, assumptions, expectations and beliefs of EGTS and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of EGTS and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others:

  • general economic, political and business conditions, as well as changes in, and compliance with, laws and regulations, including income tax reform, and reliability and safety standards, affecting the operations of EGTS or related industries;
  • changes in, and compliance with, environmental laws, regulations, decisions and policies that could, among other items, increase operating and capital costs, reduce facility throughput, accelerate facility retirements or delay facility construction or acquisition;
  • the outcome of general rate cases, regulatory rate reviews and other proceedings conducted by the Federal Energy Regulatory Commission or other governmental and legal bodies, and the ability of EGTS to recover costs through rates in a timely manner;
  • changes in economic, industry, competition or weather conditions, as well as demographic trends and new technologies, that could affect customer growth and usage, natural gas supply or the ability of EGTS to obtain long-term contracts with customers and suppliers;
  • performance, availability and ongoing operation of the facilities of EGTS due to the impacts of market conditions, outages and repairs, weather and operating conditions;
  • the effects of catastrophic and other unforeseen events, which may be caused by factors beyond the control of EGTS or by a breakdown or failure of the operating assets of EGTS, including severe storms, floods, fires, earthquakes, explosions, landslides, litigation, wars, terrorism, pandemics (including potentially in relation to the novel coronavirus (“COVID-19”)), embargoes and cyber security attacks, data security breaches, disruptions, or other malicious acts;
  • the financial condition, creditworthiness and operational stability of significant customers and suppliers of EGTS;
  • changes in the business strategy or development plans of EGTS;
  • availability, terms and deployment of capital, including reductions in demand for debt securities and other sources of debt financing and volatility in interest rates;
  • changes in the credit ratings of EGTS;
  • the impact of certain contracts used to mitigate or manage volume, price and interest rate risk, including increased collateral requirements, and changes in commodity prices, interest rates and other conditions that affect the fair value of certain contracts;
  • the impact of inflation on costs and the ability of EGTS to recover such costs in regulated rates; increases in employee healthcare costs;
  • the impact of investment performance, certain participant elections such as lump sum distributions and changes in interest rates, legislation, healthcare cost trends, mortality and morbidity on pension and other postretirement benefits expense and funding requirements;
  • unanticipated construction delays, changes in costs, receipt of required permits and authorizations, ability to fund capital projects and other factors that could affect future facilities and infrastructure additions;
  • the availability and price of natural gas in applicable geographic regions and demand for natural gas supply;
  • the impact of new accounting guidance or changes in current accounting estimates and assumptions on the financial results of EGTS; and
  • other business or investment considerations that may be disclosed from time to time in the Exchange Offer Memorandum or in other publicly disseminated written documents.

Further details of the potential risks and uncertainties affecting EGTS are described in the Exchange Offer Memorandum, including the “Risk Factors” section and other discussions contained in the Exchange Offer Memorandum. Neither EGTS nor EEGH undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing factors should not be construed as exclusive.


Contacts

Samantha Norris
BHE GT&S
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SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) today announced that Chris Gould has been appointed as the Company’s first ever Executive Vice President and Chief Sustainability Officer. “Bringing Chris on board reflects the importance of our ESG initiatives and our commitment to decarbonization and a realistic energy transition,” said Mac McFarland, CEO and President. “His considerable leadership skills and experience in climate change and implementation of new technologies will help the Company deliver on our goals while maintaining ESG leadership.”


For the past decade, Mr. Gould has served as Senior Vice President Corporate Strategy and Chief Innovation and Sustainability Officer of a Fortune 100 energy company. In this role he built and led the company’s overall climate/ESG programs, including the development of climate mitigation and adaptation transition plans. “CRC’s Board believes a strong ESG focus is critical to the Company’s mission and will drive value creation,” said Mr. Gould. “I am excited about providing leadership to this important area and ensuring CRC’s ESG initiatives are well understood and bring positive outcomes for our communities, employees and shareholders. CRC has great potential to elevate its ESG leadership by leveraging its strategic position, assets and opportunities to contribute to California’s decarbonization and energy transition efforts. To be more specific, I am particularly thrilled about CCS opportunities within CRC’s vast asset base that can become building blocks that help California meet its carbon goals while sustainably supporting the State’s energy demand.” Mr. Gould also has extensive experience in energy trading, finance, strategic planning, and technology innovation focused on decarbonization. His commitment to sustainability and the environment has been reflected throughout his career, beginning with his early engineering focus on environmental remediation, his service as a trustee on the board of a global environmental conservation non-profit, and his work to commercialize innovative decarbonization technologies. Mr. Gould holds a Bachelor of Civil Engineering from Penn State University and an M.B.A. from the University of Pittsburgh.

About California Resources Corporation (CRC)

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, CRC focuses on safely and responsibly supplying affordable energy.


Contacts

Joanna Park (Investor Relations)
818-661-3731
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Richard Venn (Media)
818-661-6014
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~Company amends proxy to recognize latest governance trends and institutional shareholder voting suggestions~

VANCOUVER, British Columbia--(BUSINESS WIRE)--$GRN #GRN--Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN / FSE: 52G) today announced that it has appointed a current director of the Company, Ms. Elaine Wong, to the position of Lead Independent Director. Ms. Wong will remain a member of both the Audit and the Corporate Development Committee. The Company has also amended its Omnibus Incentive Plan to limit the value of grants to non-employee director awards.


The Company’s Omnibus Incentive Plan is being submitted for shareholder approval at the Company’s annual general meeting on June 23, 2021. The Board of Directors has now approved the inclusion of an annual value limit of $150,000 on the discretion to grant a non-employee director equity-based incentives (RSUs) pursuant to the Omnibus Incentive Plan. This Plan does not permit the grant of stock options to non-employee directors, so the limit for options is set at ‘Nil’. This limit is being added to reflect best practice in equity-based compensation plans that include non-employee directors.

In the proxy, Section 2.5 (1) subsection (e), as amended now reads:

(1) Notwithstanding any other provision of this Plan, and subject to applicable Exchange Policies, the maximum number of Common Shares that:

(e) may be issuable to any one Non-Employee Director pursuant to annual grants of Award(s) shall not exceed a value of $150,000 (based on the Fair Market Value); provided further that no amount of such value shall be comprised of Options.

About Greenlane Renewables

Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping decarbonize natural gas. Our systems produce clean, low-carbon and carbon-negative renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 125 biogas upgrading systems sold into 19 countries worldwide, including the world’s largest biogas upgrading facility, Greenlane is inspired by a commitment to helping waste producers, gas utilities or project developers turn a low-value product into a high-value low-carbon renewable resource. For further information, please visit www.greenlanerenewables.com.


Contacts

Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Event highlights the top public companies shaping the future of transport, in partnership with the London Stock Exchange, OTC Markets Group and Influence emobility

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”) today announced that Advent Chairman and CEO Dr. Vasilis Gregoriou will speak at the Edison Open House: Transport Futures event on Wednesday, June 16, 2021. The three-day digital investors event is produced in partnership with the London Stock Exchange, OTC Markets Group, and Influence emobility. The event will feature top, publicly listed companies that are shaping the future of transport.


Dr. Gregoriou will discuss the key role of hydrogen fuel cells in driving decarbonization across the transportation industry in a one-on-one interview with science journalist and author Vivienne Parry Obe. He will present Advent’s competitive advantage, specifically in markets where hydrogen may be scarce or not perform well. Through the exclusive “Any Fuel. Anywhere.” option, Advent’s next-generation technology allows fuel cells to successfully perform with hydrogen carriers and other e-fuels in challenging environments of extreme temperatures and/or heavy pollution.

Edison Open House brings together the leading innovators, market experts and thought leaders to discuss the most important advances that can be invested in immediately. Taking place over three days on June 15-17, this year’s event focuses on a different theme around transportation each day. Day One, entitled ‘The Vehicles,’ will open talks into the future of electric, shared, and autonomous vehicles; Day Two, ‘The Power,’ will present the leaders who are enabling the growth of electrified transport while adhering to zero carbon constraints; Day Three, ‘The Upstream,’ will highlight the thought leaders who are supplying components and all other elements of the supply chain.

Dr. Gregoriou’s interview will take place live on Day 2 of the event on Wednesday, June 16. Registration to follow the program is found here: Edison Open House: Transport Futures June 2021 | Edison (edisongroup.com).

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents issued (or pending) for its fuel cell technology, Advent holds the IP for next-generation high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, maritime, aviation and power generation sectors. For more information, visit www.advent.energy.


Contacts

Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
James Goldfarb / Emily Mohr
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GRAND ISLAND, Neb. & HOUSTON--(BUSINESS WIRE)--Chief Industries, Inc. (“Chief”) and Catahoula Resources (“Catahoula”) have entered into an agreement to jointly develop carbon capture and permanent sequestration (“CCS”) within Nebraska.


Through this arrangement, Chief Ethanol, a division of Chief Industries, Inc. based in Hastings, NE, joins forces with Catahoula, a portfolio company of private investment firm The Energy and Minerals Group (“EMG”), one of the largest investors in midstream infrastructure in North America and a proven leader in identifying, developing and executing world-class design/build/operate capabilities for midstream assets.

Catahoula and Chief are currently evaluating CCS infrastructure investments that will enhance the sustainability and improve the economics of ethanol production through low-cost carbon storage within Nebraska. Work has already begun to evaluate favorable storage geology through Catahoula’s joint development arrangement with Battelle.

“The passage of LB650 shows that Nebraska is serious about our global environment. Allowing for the geologic storage of carbon dioxide will truly benefit the citizens and industries within our state,” said Chief Industries, Inc. CEO, DJ Eihusen. “Chief is excited to be teaming up with a group such as Catahoula. Their expertise and knowledge in this space leaves us encouraged that Chief Industries, Inc. will continue to provide a lasting and positive environmental impact.”

“We see Nebraska’s forward-thinking support of carbon dioxide sequestration as a springboard for differentiating Nebraska’s ethanol industry and we are excited to expand upon this vision by aligning with Chief--a strong, deeply rooted, family-owned company. The use of proven carbon capture infrastructure targeting nearby, low-cost storage is a compelling plan for investment in the local economies of Nebraska,” said Jeff Rawls, CEO of Catahoula Resources.

About Chief

Chief Industries, Inc. is a multi-faceted, family-owned company with corporate offices in Grand Island, NE. They have many divisions and subsidiaries located around the globe including construction, electrical contracting, metal building systems and structural steel, agricultural and grain storage facilities, a truck fleet, contract manufacturing, prefabricated homes, and ethanol. For additional information, please visit www.chiefind.com or contact Beth Frerichs at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Catahoula Resources

Catahoula’s leadership team has more than 150 years of midstream experience with proven success identifying, developing and executing world class design-build-operate midstream assets. Bringing extensive CO2 technical, operations, project execution and commercial experience with a commitment to safety, compliance, and environmental stewardship Catahoula is focused on providing customer solutions and partnering with industrial participants. For additional information, please visit www.CatahoulaResources.com.

About The Energy & Minerals Group

EMG is a private investment firm with Regulatory Assets Under Management of approximately $12 billion. EMG targets equity investments of $150 million to $1 billion in the energy and minerals sectors with talented, experienced management teams, focused on hard assets that are integral to existing and growing markets. For additional information, please visit www.emgtx.com.


Contacts

Brian Ball
713.324.6400
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