Center for Resource Solutions Confirms Greenberg Traurig as First Major Law Firm Certified by its Green-e® Energy Program

NEW YORK, Dec. 23, 2020 /PRNewswire/ — The non-profit Center for Resource Solutions (CRS) confirmed that Greenberg Traurig is…

NEW YORK, Dec. 23, 2020 /PRNewswire/ — The non-profit Center for Resource Solutions (CRS) confirmed that Greenberg Traurig is the first major law firm to be certified through its Green-e® Energy program. In addition, CRS has certified that Greenberg Traurig’s North American offices are powered by 100% renewable energy. The CRS Green-e® Energy program has been called the leading renewable energy certification program in the United States.

Going beyond North America, the global law firm’s 40 offices are now net carbon neutral with respect to its office energy usage, and are 100% powered by renewable energy, achieved by the purchase of renewable energy certificates (RECs). 

«These are significant steps in furthering our continuing sustainability initiative by reducing our carbon footprint,» said Greenberg Traurig Chief Executive Officer Brian L. Duffy.

«To achieve these milestones, we entered into a long-term transaction for the purchase of RECs and associated compliance premiums from a new wind farm and a new solar project. This has been a global effort,» said firm Shareholder Iskender «Alex» H. Catto, who leads the firm’s program and chairs its Power Industry Projects and Restructuring Practice.

The wind farm is currently in operation and the solar farm is expected to be operational prior to the end of 2020, Catto noted.

«This undertaking means that we are annually capable of offsetting up to 13 million kw/hours of global office electricity usage or its equivalent with clean, renewable energy,» Duffy said. «Our status benefits not only our planet but is also of direct benefit to many of our clients.»

As clients implement sustainability initiatives, they turn to look at the emissions in their supply chain. Greenberg Traurig, as a legal service provider, is a part of that supply chain. Therefore, Duffy said, the firm’s global net-carbon neutrality with respect to office energy usage allows clients to directly benefit by reporting reduced carbon emissions from within their supply chain.

«We did this because it is the right thing to do. We are a global law firm with both global and local clients. Carbon is a global issue that has both global and local impacts,» Duffy said.

Greenberg Traurig has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. Web: www.gtlaw.com

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Media Contact:
Lourdes Brezo-Martinez
martinezl@gtlaw.com
212.891.2131

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SOURCE Greenberg Traurig

Royal Caribbean Group nombra a Amy C. McPherson para la Junta Directiva

MIAMI, 23 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean Group (NYSE: RCL) anunció hoy el nombramiento de Amy C. McPherson, expresidenta y directora general en la división de Europa de Marriott International, en su junta directiva. Su nombramiento entró en vigencia el 21 de diciembre de 2020.

«Me siento honrado de darle la bienvenida a Amy a nuestra junta directiva», afirmó Richard D. Fain, presidente y director ejecutivo de Royal…

MIAMI, 23 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean Group (NYSE: RCL) anunció hoy el nombramiento de Amy C. McPherson, expresidenta y directora general en la división de Europa de Marriott International, en su junta directiva. Su nombramiento entró en vigencia el 21 de diciembre de 2020.

«Me siento honrado de darle la bienvenida a Amy a nuestra junta directiva», afirmó Richard D. Fain, presidente y director ejecutivo de Royal Caribbean Group. «Sus muchos años de participación en el crecimiento de la industria de viajes, así como su profunda experiencia en el desarrollo de los mercados internacionales, serán una valiosa adición al directorio.»

McPherson pasó más de 30 años en cargos de liderazgo en Marriott International, que incluyen 10 años de servicio como presidenta y directora general de la división de Europa, hasta su jubilación en 2019.  Mientras estaba en Marriott, fue reconocida como una de las sobresalientes 25 «Women Who Mean Business» («Mujeres sinónimo de actividad empresarial») por el Washington Business Journal.

La señora McPherson es exvicepresidenta del consejo asesor ejecutivo de James Madison University College of Business. Actualmente, es una importante inversionista en KidsKnowBest, una agencia creativa de servicio integral que ofrece sólidas soluciones de marca para la era social impulsada por los niños.

Acerca de Royal Caribbean Group Royal Caribbean Cruises Ltd., que opera bajo el nombre de Royal Caribbean Group (NYSE: RCL), es una compañía de cruceros vacacionales que posee cuatro marcas globales: Royal Caribbean International, Celebrity Cruises, Azamara y Silversea.  Royal Caribbean Group también es 50 % propietario de una empresa conjunta que opera cruceros TUI y cruceros Hapag-Lloyd. En conjunto, nuestras marcas operan 61 barcos con otros 15 en pedido al 21 de diciembre de 2020.  Obtenga más información en www.rclcorporate.com o www.rclinvestor.com.

FUENTE Royal Caribbean Group

‘Congress should override veto,’ American Legion says

WASHINGTON, Dec. 23, 2020 /PRNewswire/ — The head of the nation’s largest veterans’ organization called for Congress to override the president’s veto of  the National Defense Authorization Act.

WASHINGTON, Dec. 23, 2020 /PRNewswire/ — The head of the nation’s largest veterans’ organization called for Congress to override the president’s veto of  the National Defense Authorization Act.

«The American Legion is disappointed that the president vetoed this important legislation, which would benefit our current servicemembers and veterans of previous generations,» James W. «Bill» Oxford, national commander of The American Legion said. «The NDAA passed with overwhelming support because Democrats and Republicans agree that it is good for America. The virtues of the NDAA have not changed since the president’s veto. We ask Congress to use the powers granted to it by the U.S. Constitution and override the president’s veto. Our troops deserve a pay raise and our Vietnam veterans continue to suffer the ill-effects of Agent Orange. The NDAA addresses these issues and much more.»

About The American Legion
The American Legion is dedicated to the motto of «Veterans Strengthening America.» Chartered by Congress in 1919, The American Legion is committed to mentoring youth and sponsoring wholesome community programs, advocating patriotism and honor, promoting a strong national security and continued devotion to servicemembers and veterans.  Nearly 2 million members in more than 12,000 posts across the nation and regions overseas serve their communities with a devotion to mutual helpfulness.

Media contacts: Indianapolis:  John Raughter (317) 630-1350, jraughter@legion.org; Washington: Mackenzie Wolf (202) 263-2982, mwolf@legion.org

 

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SOURCE The American Legion

Scrum Ventures Announces Expanded Partners and Reveals Early Accepted Startups to Food Tech Studio – Bites!

SAN FRANCISCO, Dec. 23, 2020 /PRNewswire/ — Scrum Ventures today announced the list of early accepted startups to its Food Tech Studio – Bites!, a global program aimed to solve the key challenges plaguing our food supply chain today, including (but not limited to) safety, waste reduction, and health. Scrum Ventures…

SAN FRANCISCO, Dec. 23, 2020 /PRNewswire/ — Scrum Ventures today announced the list of early accepted startups to its Food Tech Studio – Bites!, a global program aimed to solve the key challenges plaguing our food supply chain today, including (but not limited to) safety, waste reduction, and health. Scrum Ventures also announced it increased its partnerships with new additions to the program.

Launched in September 2020, Food Tech Studio – Bites! is focused on bringing much-needed change to the food sector through advanced technologies from innovative food startups. The program was founded to bring food entrepreneurs to the front lines and connect them with leading corporations and industry thought-leaders, helping them realize top-line growth opportunities in Japan, the U.S. and around the world.

Over the last three months, the program has received hundreds of applications from startups across 28 different countries that are determined to innovate the food ecosystem. The program has identified several companies that offer new technologies in the food sector that can reduce our carbon footprint and eliminate world hunger and waste.

Today, Food Tech Studio – Bites! has released the names of the first 20 startups that will be a part of the program. The initial startups reflect a broad range of categories in the food tech sector including wellness & health, next-gen foods & functional foods, supply chain and logistics, at-home & consumer-focused technologies, and sustainability.

Early accepted startups:

The program has also expanded its Leadership Circle with the addition of Fujicco, House Foods, Kagome and Tokyo Gas as partners. Hitachi Global Life Solutions, JR East and Orange Page were also added on as strategic partners. These strategic partners are providing over 20 food-related mentors for program participants.

For more about the partners:

  • Fujicco Co., Ltd: with a vision to make everyone healthy and happy, Fujicco strives to create a sustainable society. Based on their company motto «Always be creative», the company has achieved health, tastiness, food safety and reliability through their quality ingredients and technological development with natural food products such as kombu (kelp) and beans.
  • House Foods Corporation: with sustainability top of mind, House Foods provides the widest range of the fresh tofu products at affordable prices in the U.S. With more than 100 years of service, the company shares its vision of healthy eating through a variety of convenient products made from high quality ingredients.
  • Kagome Co., Ltd: as a Japanese manufacturer and distributor of tomato-based foods, and fruit and vegetable juices, Kagome is working consistently to contribute to the wellbeing and longevity of people around the world.
  • Tokyo Gas Co., Ltd: as Japan’s largest provider of city gas, serving more than 12 million customers for over 135 years, Tokyo Gas works to respond to the needs of customers, society, and the next age while working to contribute to the realization of a prosperous, fulfilling way of life, and an environment-friendly society.

For more about the strategic partners:

  • Hitachi Global Life Solutions: as a provider of home appliances, services and commercial equipment, Hitachi Global Life Solutions aims to increase customers’ quality of life. It also utilizes digital technology to solve lifestyle issues and contribute to a sustainable society.
  • JR East: with its operational area in the north eastern Japan including the Tokyo metropolis, JR East is the largest railway company in Japan. JR East is pursuing an ultimate safety level as its top priority. And, as one entity, JR East Group is creating affluent lives for their customers, line-side communities, and employees by emphasizing trust and developing a network of related businesses, especially in information technology.
  • Orange Page: a vibrant cooking publisher with the mission to foster a lifestyle and culture that promotes collaboration and well-being. Their focus is discovering, teaching, and bringing meaning to food recipes.

Over the next month, Scrum Ventures will work closely with its partners on the final selection process that will bring better and more efficient processes within the food development ecosystem. For more information on Scrum Ventures and Food Tech Studio – Bites!, please visit:  https://www.foodtech.studio/ 

 

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SOURCE Scrum Ventures

Azure Power Provides an Update on 4 GW Tender

NEW DELHI, Dec. 23, 2020 /PRNewswire/ — Azure Power continues to work towards signing PPAs for the 4 GW manufacturing linked tender for which a Letter of Award («LOA») has already been received. The Solar Energy Corporation of India («SECI») has informed us that so far there has not been adequate response from the state electricity distribution companies («DISCOMs») for SECI to be able to sign the PSAs at this stage even though we have a LOA. SECI has…

NEW DELHI, Dec. 23, 2020 /PRNewswire/ — Azure Power continues to work towards signing PPAs for the 4 GW manufacturing linked tender for which a Letter of Award («LOA») has already been received. The Solar Energy Corporation of India («SECI») has informed us that so far there has not been adequate response from the state electricity distribution companies («DISCOMs») for SECI to be able to sign the PSAs at this stage even though we have a LOA. SECI has mentioned that they will be unable to sign PPAs until PSAs have been signed, and they have committed to inform Azure Power of developments in their efforts with the DISCOMS.  Capital costs, interest rates and foreign exchange rates have improved since Azure Power won the 4 GW auction a year ago which have resulted in lower tariffs in other recent SECI auctions. We expect these savings likely will be passed on to state electricity distribution companies (DISCOMS). We expect a tariff markdown from the price discovered in the auction, which will facilitate signing of PSAs. We will continue our discussions with SECI towards signing PPAs in respect of the 4GW tender and expect the PPAs to be signed in tranches over a period of time. We will continue our policy to only take on contracts that create shareholder value and earn returns that are above our cost of capital.

Azure Power

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power producer with a pan-India portfolio of 7.1 gigawatts on September 30, 2020 of which 1.8 GWs is operational, 1.3 GWs are under construction and 4.0 GWs have received a Letter of Award but for which PPAs have yet to be signed. Azure Power developed India’s first private utility scale solar project in 2009 and has been at the forefront in the sector as a developer and operator of solar projects since its inception in 2008. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost solar power solutions to customers throughout India. For more information, visit: www.azurepower.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions issues related to the corona virus; supply disruptions; power curtailments by Indian state electricity authorities and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

Investor Contact
Nathan Judge, CFA
ir@azurepower.com

Media Contact  
Samitla Subba 
pr@azurepower.com

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SOURCE Azure Power

Gryphon USA: Extension of eviction, foreclosure moratorium no long-term solution

COLUMBUS, Ohio, Dec. 23, 2020 /PRNewswire/ — Recent actions at the federal level to extend foreclosure and eviction moratoriums on certain sections of the housing market through January will allow the incoming administration of President-elect Biden to revisit the issue after Inauguration Day, according to Columbus distressed assets manager and auctioneer Rich Kruse.

But the Gryphon USA Ltd….

COLUMBUS, Ohio, Dec. 23, 2020 /PRNewswire/ — Recent actions at the federal level to extend foreclosure and eviction moratoriums on certain sections of the housing market through January will allow the incoming administration of President-elect Biden to revisit the issue after Inauguration Day, according to Columbus distressed assets manager and auctioneer Rich Kruse.

But the Gryphon USA Ltd. principal said adopting that strategy for too long could create risks for the housing market as many landlords and mortgage holders begin to assess the impact on their businesses.

Congress supported the extension of mortgage foreclosures and eviction protections to certain properties through Jan. 31 as part of a second round of support for those facing job loss and other economic stress as a result of the COVID-19 pandemic. A number of federal agencies had already extended the moratorium that were due to expire on Dec. 31.

Kruse said the National Low-Income Housing Coalition has estimated the amounts of back rent owed to be between $30 billion and $70 billion, although a report from the Philadelphia Federal Reserve Bank in early December had put the number at $7.2 billion from the start of the moratoria in March through Dec.1, 2020.

The $600 payments Congress just approved for adults earning less than $75,000 per year, however, will have little impact for the 12 million renters the Low-Income Housing Coalition estimates have accumulated deferred rent since January.

«It’s a finger in the dike that continues to crumble in front of our eyes,» Kruse said.

«Tenants are not likely to use the funds to make rental payments because the government essentially just said the free ride is open for another 2 months,» Kruse said. «There’s nothing here for the housing providers and barely anything for the tenants.»

Mortgage lenders also face an uncertainty on when payments on FHA, VA and other loans backed by the federal agencies will come due. The Visual Capitalist website estimates 17 million adults are behind on the house payments nationally. More than a third of Ohioans are behind on their mortgages or their rent, with 192,000 people poised to face foreclosure or eviction.

«This congressional action, while necessary at the moment, just kicks the can down the road,» Kruse said.

«The Biden administration should look to refocus any future support of the housing industry toward landlords and mortgage holders and quickly allow the marketplace to sort out the economic damage the moratoria have caused,» Kruse said. «Too long of a delay will cause untold harm to the rental properties without a stream of income to pay for general maintenance and create a backlog of distressed owner-occupied homes that could result in damaging the broader home market.»

Kruse serves as managing partner of Gryphon USA Ltd., and oversees the affiliated Gryphon Realty real estate brokerage and the Gryphon Asset Management receivership and asset management practice. His engagements primarily focus on complex state and federal legal matters, Private Selling Officer transactions and business insolvency.

More reading here from recent articles on the eviction and foreclosure situation:
*

Gryphon provides these links for background only and does not claim ownership of the articles or extend permission to reproduce for publication.

 

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SOURCE Gryphon USA

PHFA provides final tallies for the CARES Rent Relief Program

HARRISBURG, Pa., Dec. 23, 2020 /PRNewswire/ — After five months of administering CARES financial assistance for renters, the Pennsylvania Housing Finance Agency is providing final summary data about the performance of the Rent Relief Program, which started accepting applications on July 6. The program was extended by an executive order from Governor Tom Wolf on Oct. 5; it accepted applications through <span…

HARRISBURG, Pa., Dec. 23, 2020 /PRNewswire/ — After five months of administering CARES financial assistance for renters, the Pennsylvania Housing Finance Agency is providing final summary data about the performance of the Rent Relief Program, which started accepting applications on July 6. The program was extended by an executive order from Governor Tom Wolf on Oct. 5; it accepted applications through Nov. 4.

For the CARES Rent Relief Program (RRP), all 67 participating county organizations have now submitted their final performance data, and that data has been confirmed. A table providing key performance metrics is available on the PHFA website.

«The CARES Rent Relief Program was a major undertaking that required extensive coordination between PHFA and our partner county organizations under extreme time pressure,» said PHFA Executive Director and CEO Robin Wiessmann. «While we all would have liked to have assisted even more renters, we are grateful for the thousands of people we were able to help stay in their homes. We have learned valuable lessons we hope will be applied by the state legislature if additional CARES money is provided to Pennsylvania.

«I want to thank all the county organizations who partnered with us on this effort. The successes we had would never have been possible without their engagement and hard work.»

Summary data for the Pandemic Mortgage Assistance Program will be made available once it is completed and verified.

Background Information
The federal Coronavirus Aid, Relief and Economic Security (CARES) Act, passed in March, provided $3.9 billion for Pennsylvania. In late May, the General Assembly directed $175 million of these CARES dollars to PHFA to provide assistance for struggling renters and homeowners. The portion for rent assistance was at least $150 million, and $25 million was set aside for mortgage assistance.

During June 2020, PHFA quickly developed two detailed, statewide programs for distributing this financial assistance expeditiously to renters and homeowners in need, following legislative requirements. This effort included extensive coordination with the organizations in all 67 counties that are processing the renters’ applications. The CARES Rent Relief Program and the Pandemic Mortgage Assistance Program were both launched on schedule on June 29, as was required in the state CARES Act. In accordance with the state CARES Act, funding for renters had to be completely distributed by Nov. 30, 2020.

Ongoing Questions from Applicants
Applicants with ongoing questions about their applications for rent relief should reach out to the organization in their county that is processing applications. A county contact list with phone numbers, emails and street addresses is available on the PHFA website at: https://www.phfa.org/pacares/rent.aspx.

Questions from homeowners about their PMAP application should be directed to PHFA. The agency’s call center is available weekdays from 8 a.m. to 5 p.m. to assist the public and help with questions about PMAP. The toll-free number is 1-855-U-Are-Home (827-3466). Of course, PHFA is also getting calls from renters and is assisting them, too.

About PHFA
The Pennsylvania Housing Finance Agency works to provide affordable homeownership and rental housing options for older adults, low- and moderate-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state. Since its creation by the legislature in 1972, it has generated nearly $15 billion of funding for more than 180,750 single-family home mortgage loans, helped fund the construction of 138,000 rental units, distributed more than $121 million to support local housing initiatives, and saved the homes of nearly 50,400 families from foreclosure. PHFA programs and operations are funded primarily by the sale of securities and from fees paid by program users, not by public tax dollars. The agency is governed by a 14-member board.

Media contact:
Scott Elliott
selliott@phfa.org
717-649-6522 (cell)

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SOURCE Pennsylvania Housing Finance Agency

Elephant Cooperation Launches Elephants to the Rescue

SAN CLEMENTE, Calif., Dec. 23, 2020 /PRNewswire-PRWeb/ — Elephant Cooperation, a conservation group started by Orange County based entrepreneur Scott Struthers, announced the launch of Elephants to the Rescue, its new initiative to provide food assistance to families living near wildlife areas in Kenya.

«African communities located near elephant areas have been drastically impacted by COVID19 lock…

SAN CLEMENTE, Calif., Dec. 23, 2020 /PRNewswire-PRWeb/ — Elephant Cooperation, a conservation group started by Orange County based entrepreneur Scott Struthers, announced the launch of Elephants to the Rescue, its new initiative to provide food assistance to families living near wildlife areas in Kenya.

«African communities located near elephant areas have been drastically impacted by COVID19 lock downs and the loss of tourism income,» said Struthers, the co-founder of home technology company, Sonance. «We see a direct correlation between poverty and wildlife poaching. Since the pandemic began, many people have lapsed into food insecurity. We need to help these people, especially children and the rangers who protect elephants, until the pandemic runs its course.»

Elephants to the Rescue will provide monthly supplies of food staples, including grains and legumes, to families in need. By associating this aid with the neighboring elephants, Elephants to the Rescue reinforces the message that elephants are valuable and to be protected.

Elephant Cooperation is raising $100,000 to feed over 600 families during 2021. A donation of $25 feeds a family for a month, $100 feeds 4 rangers for a month, and $1,000 feeds 100 school children for a month. Elephant Cooperation has already received a $15,000 donation from City National Bank. The first food drop will take place in January 2021.

«The delivery of food to the Amboseli and Marsabit communities will be life changing for the people and will certainly reduce wildlife poaching,» added Patrick Ignuza, Kenyan journalist and Elephant Cooperation Ambassador. «My hope is that the world will be inspired to give support to this effort.»

To make a donation to Elephants to the Rescue, please visit https://www.elephantcooperation.com/ettr/.

About Elephant Cooperation:
Founded in 2016 with the mission of «saving the African elephant before it is too late,» Elephant Cooperation is a unique 501(c)3 focused on finding and funding the most effective ways to help elephants and the communities living near them. Our motto is No Poverty, No Poaching.

Media Contact

Elena Arney, Elephant Cooperation, +1 (415) 361-0001, elena@diversepr.com

Twitter, Facebook

 

SOURCE Elephant Cooperation

The Province of Jujuy informs regarding its intention to commence consultations with bondholders

JUJUY, Argentina, Dec. 23, 2020 /PRNewswire/ — The government of the Province of Jujuy (the «Province») notifies that, as a Province of Argentina, it has faced, and continues to face, unprecedented fiscal and economic challenges. The Province’s economy has been significantly affected by the decline in Argentina’s financial and economic results and performance over the past two years, which has had a direct effect on the Province’s…

JUJUY, Argentina, Dec. 23, 2020 /PRNewswire/ — The government of the Province of Jujuy (the «Province») notifies that, as a Province of Argentina, it has faced, and continues to face, unprecedented fiscal and economic challenges. The Province’s economy has been significantly affected by the decline in Argentina’s financial and economic results and performance over the past two years, which has had a direct effect on the Province’s economy, and has resulted in a substantial decline in both federal and provincial fiscal revenues. In addition, the ongoing COVID-19 pandemic, as well as the implementation of measures designed to control its spread both within Argentina and globally, has contributed further to the decline in the Province’s fiscal results, resulting in the Province’s revenues being insufficient to cover its expenditures related to essential services and programs. These factors have put stress on the Province’s ability to honor its financial commitments, including its bonds due 2022.

In light of the above, the Province has retained financial and legal advisors and intends to initiate consultations with its bondholders with a view to establishing measures that contribute to the sustainability of its financial commitments.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The bonds have not been, and will not be, registered under the United States Securities Act of 1933 or any state securities laws.

Inquiries regarding this press release should be addressed to the Minister of Finance of the Province (e-mail: egresospublicos@jujuy.gob.ar).

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SOURCE Province of Jujuy

EPRI President Joins National Energy Thought Leaders to Underscore Importance of Research and Innovation for Energy Transition Under Biden

WASHINGTON, Dec. 23, 2020 /PRNewswire/ — Electric Power Research Institute (EPRI) President and incoming CEO Dr. Arshad Mansoor last week shared a sobering assessment of the rate and scale of economy-wide decarbonization in the U.S. and detailed the central roles that science, research, and innovation must play in the Biden administration’s energy and climate agenda.

WASHINGTON, Dec. 23, 2020 /PRNewswire/ — Electric Power Research Institute (EPRI) President and incoming CEO Dr. Arshad Mansoor last week shared a sobering assessment of the rate and scale of economy-wide decarbonization in the U.S. and detailed the central roles that science, research, and innovation must play in the Biden administration’s energy and climate agenda.

In a discussion hosted by the global law firm Dentons and The Keystone Policy Center, «Decarbonization in the Biden Era – a Key Conversation,» Mansoor explained that reducing U.S. annual CO2 emissions from six gigatons in 2005 to five gigatons in 2020 is an achievement, but that «clearly, we [the U.S.] have to accelerate because if it takes us 15 years to take one gigaton out, it will take us a long, long time to get to zero.»

Mansoor was joined by former U.S. Energy Secretary Dr. Ernest Moniz, EPRI Board Member and CEO of CPS Energy Paula Gold-Williams – the only African-American female energy CEO in the U.S., San Antonio Mayor Ron Nirenberg, and Dentons Partner and U.S. Energy Practice Chair Clint Vince.

«We have to put this on steroids,» Moniz said of the U.S. government’s inter-branch, bipartisan approach to decarbonizing the U.S. economy «if we are going to have any chance of meeting the 2035 and 2050 [emissions reduction] goals,» championed by the incoming Biden-Harris administration.

Moniz emphasized the importance of swift climate action from the federal government and acknowledged the likely need for «a whole package of executive actions» from soon-to-be President Joe Biden, whose administration’s decarbonization agenda Moniz affirmed must «be based upon an enormous, supercharged decade of innovation starting now.»

Mansoor endorsed Moniz’s assessment of the climate challenge facing the incoming administration and affirmed his longtime friend and colleague’s call to action.

«I’m going to echo what Secretary Moniz said. Let’s supercharge innovation,» said Mansoor. «But only [investing] money or funding is not going to do it. We need to all unify in this grand [climate] challenge. National labs are one of the best resources we have in this country,» appealed Mansoor, explaining his plans to strengthen EPRI’s collaboration with the national labs and his hope for strategic engagement with the incoming administration.

Gold-Williams, Nirenberg, and Vince each expressed their concerns with the size and scope of the climate challenge that lay ahead for their industries and communities. Consensus was that both public and private sector-led decarbonization efforts should take into consideration issues of equity and environmental justice.

Vince summarized the event themes saying in part «my wish for the Biden administration for the United States and beyond is that we can really be fierce on maintaining mandates and goals… and that we really allow technology to develop without attempting to pick winners and losers when we don’t know yet enough about the developments that will occur.»

The full recording of Tuesday’s event is available via Dentons’ website here, or via Dentons’ YouTube channel here.

Stay informed of EPRI activities on social media @EPRINews on Twitter and LinkedIn. You can also keep up with President Arshad Mansoor’s commentary by following him on LinkedIn.

About EPRI  
The Electric Power Research Institute, Inc. (EPRI, www.epri.com) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI’s members represent more than 90 percent of the electricity generated and delivered in the United States, and international participation extends to 40 countries. EPRI’s principal offices and laboratories are in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.

CONTACT: Dipka Bhambhani, DBhambhani@epri.com

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SOURCE Electric Power Research Institute