UK: New Recognition for WWII Veterans

first_imgBack to overview,Home naval-today UK: New Recognition for WWII Veterans View post tag: recognition View post tag: Defense View post tag: Veterans View post tag: New Veterans of the Arctic Convoys and Bomber Command will begin receiving new awards in recognition of their heroic service within weeks.Production of the new Arctic Star and Bomber Command clasp will begin this week.Up to a quarter-of-a-million veterans and the families of those who have sadly died could be eligible to receive the new awards in recognition of their unique contribution protecting Britain during the Second World War. Living veterans and widows will be the first in line to receive the new awards from as early as March.Minister of State for Defence Personnel, Welfare and Veterans Mark Francois said:All those who served our country in Bomber Command and on the Arctic Convoys deserve nothing but the utmost respect and admiration from us. That’s why I am delighted that these special individuals will in the next few weeks begin to receive the Bomber Command clasp and Arctic Star that they have so long deserved.I am also pleased to announce that the families of those no longer alive will also be able to apply for these awards in recognition of their loved ones’ bravery.The Prime Minister announced the new awards last December and after extensive consultation the final designs have now been agreed. The Arctic Star will be based on the Second World War Stars, and the Bomber Command clasp, to be worn on the ribbon of the 1939 to 1945 Star, will follow the design of the Battle of Britain clasp.Those eligible for the new Bomber Command clasp will have previously qualified for the 1939 to 1945 Star, to which the clasp will be affixed. There is an additional requirement to have flown at least 1 operational sortie as aircrew on a Bomber Command operational unit.Those eligible for the new Arctic Star are all those who served for any length of time north of the Arctic Circle during the Second World War.Eligible veterans and next of kin are now encouraged to apply for the new awards.[mappress]Naval Today Staff, February 27, 2013; Image: Royal Navy View post tag: WWII Authorities UK: New Recognition for WWII Veterans View post tag: Defence View post tag: Navy View post tag: Naval View post tag: News by topic February 27, 2013 Share this articlelast_img read more

Huge increase in students using University Counselling Service

first_imgData released by the Higher Education Statistics Agency also showed that between 2009 and 2015, there was a near-trebling in the number of students who were dropping out of their university courses for reasons relating to mental health.Student health GP, Dr Dominique Thompson, said that the gulf between school teaching and university education may be “compounding the recognised increase in mental health issues we are seeing”.Meanwhile, Oxford University said the findings of the FOI request were indicative of a “sector-wide phenomenon, occurring across the UK”.A University spokesperson said: “The University has worked hard in recent years to increase awareness of emotional, psychological and mental health issues among students and to encourage them to seek help as soon as possible.“We see the increase in students accessing the University’s professional counselling services as a positive step forward, that shows they are comfortable sharing concerns and are therefore more prepared to seek support.“It also shows that the University and colleges are identifying students with difficulties earlier and referring them for help. We know this approach works—after using the Counselling Service the majority of students report they are less likely to withdraw from their course, feel better able to study and feel better equipped to seek future employment.”Compared to other universities, Oxford was also clear that, in the University’s view, the Counselling service was doing an excellent job.They concluded: “The statistics highlighted in the article reflect Oxford’s efforts to increase awareness of and resources for counselling and mental health services, and to ensure that they are as accessible as possible. Waiting times for securing a first appointment are much lower at Oxford than the national average, 91 per cent of students rated these waiting times as manageable.“Clinical evidence shows a very high levels of effectiveness, and that these services make a difference to our students lives. The overall numbers accessing the Counselling Service is approximately 12 per cent.”A survey carried out by Sodexo before the start of term also found that students at Oxford were the hardest working but unhappiest in the UK. The survey found that 22% of students at both Oxford University and Oxford Brookes regretted enrolling.Whilst the data obtained by Cherwell also showed that the percentage of those receiving counselling being graduate students had remained fairly constant between 2011 and 2016 at roughly 40 per cent of cases overall, a study earlier this year by Ghent University in Belgium found that one in two PhD students experience “psychological distress”, whilst a third are at risk of developing depression or another common psychiatric disorder.The Oxford figures also show that in the five years before 2016, it remained the case that roughly two thirds of call cases of counselling for mental health issues concerned women. At last count, women made up 64.3 per cent of cases overall at Oxford.OUSU was contacted for comment. New statistics obtained by Cherwell show a dramatic increase in the number of Oxford students accessing the University Counselling Service.Figures obtained by a Freedom of Information request show that between 2011 and 2016, the number of students contacting the counselling service per academic year jumped by a surprising 84 per cent, from 1,521 to 2,795.There was also a dramatic increase in the number of students who receive counselling in a given academic year. Whilst in 2011/12 the number was 1,179, in 2015/16 it jumped to 2,079—an increase of 76 per cent.The figures obtained by Cherwell also point to several marked shifts in the type of issue for which students seek counselling. There was a 63 per cent increase between 2013 and 2016 in the number of students being counselled for ‘transitions’—changes in life stages or roles, including gender transitioning.27 per cent more students in 2015/16 were being counselled for “depression, anger or mood change or disorder”. Counselled cases of anxiety also increased by 32 per cent over the same period.Yet strikingly, only an additional seven per cent were being counselled for academic issues. The figures come after The Guardian’s report earlier this week that the results are typical of the national picture.According to a survey sent out to 90 universities, 87,914 students requested counselling in 2015/16, compared with 68,614 in 2013/14—an increase of 28%. Some universities who responded to The Guardian’s survey indicated that while figures for this year were not yet final, demand for counselling was currently outstripping that of previous years.Many universities also put this apparent increase down to increased awareness of mental health services.Speaking of the national increase, former health minister Norman Lamb said there was “a crisis on campus with respect to students’ mental health”. “Counselling provision should be a priority so that all students can access effective support for problems like anxiety, but we know that these services are too often underfunded,” he said.last_img read more

Vanderburgh County Sheriff Department to Receive 45 AEDs

first_imgThey will receive 45 automated external defibrillators at a ceremony on Tuesday at 11 a.m.A presentation of the devices will be held in the main lobby of the Orthopedic & Neuroscience Hospital located on the Deaconess Gateway Campus.The new AEDs will be placed in Vanderburgh County Sheriff Department vehicles.FacebookTwitterCopy LinkEmailShare Vanderburgh County Sheriff Department to Receive 45 AEDsFEBRUARY 18TH, 2019 TYRONE MORRIS EVANSVILLE, INDIANAThe Vanderburgh County Sheriff Department will be receiving a big donation from HeartSavers. last_img

DelFest: Come Early, Stay Late in the Mountain Side of Maryland

first_imgBut don’t stop the experienceat music! There are so many ways to get the whole experience of MountainMaryland while you’re here for DelFest. Allegany County offers 60,000 acres ofpublic land between the four state parks and forests, including Rocky Gap StatePark and Green Ridge State Forest; access to the Potomac River and twointernationally-recognized bike trails – the Great Allegheny Passage andC&O Canal Towpath; Rocky Gap Casino Resort; the Western Maryland ScenicRailroad; and two state-designated Main Street and Arts and Entertainmentdistricts – Frostburg and Cumberland, MD. Or hop aboard the Western Maryland Scenic Railroad, a 3-hour round-trip heritage train excursion that departs from Cumberland, MD, and ascends the mountain to its destination in Frostburg, MD, and back. We mentioned the Potomac River running alongside the festival grounds, and if it’s water you seek, then water we deliver. Both the Potomac River and Lake Habeeb at Rocky Gap State Park are popular attractions for kayaks, canoes and stand up paddle boards. The Potomac River features several public access points for put-in and take-out and is suited for kayaks, canoes, and inner tube floats. The river’s current carries floaters on a lazy ride, with minimal paddling, making for a rejuvenating and scenic trip on the Potomac. Local outfitters are available to provide shuttles and equipment for a hassle-free adventure. New for 2019, festival attendees can pre-book guided kayak tours, cycling experiences on the Great Allegheny Passage and kid’s fishing packages available during DelFest!  Reservations can be made through www.mdmountainside.com/delfest or at www.delfest.com, where festival tickets are also on sale. If you have a taste for adventure and the outdoors, be sure to expand your DelFest experience to include some of these must-do activities. Great Allegheny Passage, Big Savage Overlook The iconic Knobbly Mountain cliffside paints the festival backdrop and the Potomac River runs alongside the festival grounds, providing a cool relief when the weather gets hot, making the setting of the festival a taste of Allegany County, the Mountain Side of Maryland, in miniature. When you’re here for DelFest, you’re family, and the people and the vibe reflect true Appalachian mountain spirit and hospitality. Entertainment Photo Credit DelFest Hiking and Biking Maryland. Be open for it. It doesn’t all have to be outdoors! Allegany County is home to Rocky Gap Casino Resort, where you can play slots, with over 600 machines, or try your luck at table games such as blackjack, roulette, Mississippi Stud, or Three Card Poker. Try the new Exit Strategy Escape Rooms in downtown Cumberland, MD, featuring a speakeasy room, the Untouchables, and an Alice in Wonderland-themed room, Through the Looking Glass. Gather your friends to look for clues, open locks, and decipher messages to solve the puzzle and escape before the clock runs out! As you can see, there is no shortage in ways to explore Allegany County, the Mountain Side of Maryland. Whether you come early, stay late, or play while you’re here for DelFest, we are certain that you will fall in love with Allegany County’s mountain charm, scenic beauty, and one unbelievable festival to kick off summer. Western Maryland Scenic Railroad Canoe on Lake Habeeb, Rocky Gap State Park, Allegany County, MD Play on the Water Allegany County features thetwo internationally-recognized bike trails, the Great Allegheny Passage andC&O Canal Towpath, which connect right here in Cumberland, MD, to create333 miles of uninterrupted bike trails from Washington, DC, to Pittsburgh, PA.With the towpath following the old C&O Canal and the passage following theold Western Maryland Railway line, the trails feature awe-inspiring scenerywith a touch of Allegany County’s historical past. DelFest is Allegany County’spremier bluegrass festival, celebrating the rich legacy of Del McCoury, withworld-class musical collaborations from some of the best-known names inbluegrass music, all within a family-friendly and distinctly unique atmosphere.Taking place Memorial Day Weekend, May 23-26, and hosted by Del McCoury andfamily, DelFest 2019 welcomes to the stage the Del McCoury Band, the Travelin’McCourys, the String Cheese Incident, Tyler Childers, Railroad Earth, TrampledBy Turtles, and many more musical acts playing around the clock for nearly fourdays.last_img read more

Foundation awards $636,000 in grants aimed at helping kids

first_img Foundation awards $636,000 in grants aimed at helping kids The Florida Bar Foundation recently awarded $636,000 in grants designed to increase direct legal services provided to children. The grants went to 13 legal aid organizations to dispense civil representation to children in the areas of special education, protection of children in foster care, access to health care, foster care advocacy, and statewide advocacy and support for the protection of children’s rights. The Foundation historically has made grants to specifically protect children’s rights since 1993. ln l999 the Foundation redesigned its children’s legal service grant program to create and energize statewide collaboration by children’s legal services providers and increase the level of legal assistance available to children on a local level, according to Paul Doyle, who coordinates the Foundation’s legal assistance grants. Doyle said the children’s grants fund specifically trained children’s advocates and support pro bono programs which utilize private attorneys to represent children. Those organizations receiving grants include: Central Florida Legal Services for its Legal Services for Children with Special Education Needs program, $47,000; Florida Immigrant Advocacy Center’s Unaccompanied Minors project, $15,000; Florida Legal Services for children’s impact advocacy and clearinghouse state support, $73,500; Florida State University College of Law Children’s Advocacy Center, $60,000; Lawyers for Children America in Miami, $15,000; Legal Aid Service of Broward County’s Education Legal Rights project, $25,000; Legal Aid Society of Palm Beach County for educational advocacy, $25,000; Legal Services of North Florida’s Teen Parent Project, $15,500; Legal Services of Greater Miami’s Special Education Advocacy Project, $25,000; Nova Southeastern University’s Children First project, $170,000; Southern Legal Counsel’s Special Education Advocacy Project, $100,000; University of Miami’s Children and Youth Law Clinic, $50,000; and Withlacoochee Area Legal Services in Ocala, $15,000. Foundation awards $636,000 in grants aimed at helping kids October 15, 2001 Regular Newslast_img read more

January 1, 2005 News and Notes

first_img News and Notes Capt. Richard M. Sudder, a University of Miami law graduate, recently completed four years of service in the U.S. Army JAG Corps, which included a stint in Afghanistan where he was the sole defense attorney for more than 10,000 U.S. service members serving Operation Enduring Freedom, advising soldiers on their legal rights under the Uniform Code of Military Justice and defending soldiers facing criminal charges and administrative separations. Seth Rodner of Fowler White Boggs Banker was named chair of the Federal Bar Association’s National Criminal Law Section for 2004-2005. Seth Marmor of Greenspoon, Marder, Hirschfeld, Rafkin, Ross & Berger, in Ft. Lauderdale was the keynote speaker at the Strengthening Broward Families Symposium. He spoke on advanced healthcare directives. Eric A. Gordon of Arnstein & Lehr, LLP was elected membership chair for a one-year term for The Human Resource Association of Palm Beach County beginning in 2005. Additionally Gordon and Harry N. Turk presented an employment law and human resources luncheon seminar at The Bankers Club in Miami titled, “The New Federal Wage & Hour Regulations: The First 60 Days.” Gregory A. Richards, Jr., of Fowler White Boggs Banker was appointed by the Supreme Court of Florida to the 13th Judicial Circuit’s Unlicensed Practice of Law Committee. Tom Regnier of the Miami-Dade Public Defender’s Office was the recent keynote speaker at the annual conference of the Shakespeare Fellowship in Baltimore. Regnier spoke on “Shakespeare’s Law” and also received the Fellowship’s annual award for outstanding scholarship. David D’Agata, federal judicial law clerk for the Middle District of Florida, recently gave a presentation addressing legal issues arising from Alternative Education Programs at the Education Law Association’s 50th Annual Conference in Tucson, Arizona. Gary D. Wilson of Jill Schwartz & Associates, P.A. in Winter Park recently lectured on “A Practical Approach To Workplace Laws & Their Impact On Your Practice” before the Dental Society of Greater Orlando, and on “Discover The Inside Scoop From the Plaintiff’s Attorney: How to Avoid The Biggest Mistakes Public Sector Employers Make That Result In Large Settlements And Jury Verdicts” at the CEM Public Sector Employment Law 2004 Update. James K. Rubin of The Law Offices of James K. Rubin, P.A., in North Miami Beach, was a guest speaker before members of the City of Hollywood Police Department and the City of Hollywood Code Enforcement Division. Rubin’s topic was “The Role of the Special Magistrate in Code Enforcement Proceedings.” John F. Flanigan of Moyle, Flanigan, Katz, Raymond & Sheehan, P.A., in West Palm Beach was elected to a two-year term as chair of the board of directors of The Audubon Society of Florida. Rebecca Morgan of Stetson University College of Law was presented the National Academy of Elder Law Attorneys’ UnAward for her contributions to the advancement of elder law Ed Mullins was selected to be featured in a “Special Tribute to America’s Best Lawyers” that will be broadcast on the Forbes Radio Channel in-flight broadcast. Edward S. Jaffry of Akerman Senterfitt in Tallahassee spoke in Ft. Lauderdale as part of Nova Southeastern University’s Fall Classic. His presentation, “Crossfire: Taking on Your Florida Law Issue Challenges” was a question-answer session on Florida pharmacy law. Donald J. Hayden of Baker & McKenzie in Miami was recently reappointed to serve as the co-chair of the American Bar Association’s Section of Litigation’s International Litigation Committee. Karen L. Goldsmith of Goldsmith, Grout & Lewis, P. A. in Winter Park and Tallahassee recently received the highest honor awarded in long term care by the Florida Health Care Association, the Walter M. Johnson Circle of Excellence Award. Jeanette M. Flores of GrayRobinson in Tampa was elected to serve as president of the Commercial Real Estate Women of Tampa Bay for 2005. Carmen Johnson of Akerman Senterfitt in Miami spoke in Orlando as part of a joint meeting between the Association of Florida Healthcare Auxiliaries and the Florida Association of Directors of Volunteer Services. Her seminar was titled, “Employment Law Concerns for Volunteers.” Eric D. Rapkin of Akerman Senterfitt in Ft. Lauderdale recently spoke at the ICSC U.S. Shopping Center Law Conference on “Construction Work Letters: Achieving What Both Sides Want,” an interactive workshop regarding construction issues in commercial real estate leases. Mike Eidson of Colson Hicks Eidson in Coral Gables was elected vice president of the Association of Trial Lawyers of America. Thomas A. Sadaka of Berger Singerman participated in a panel discussion dealing with case studies in IT compliance management at Gartner Research’s Symposium ITXPO 2004 in Orlando. Sadaka was a subject matter expert on regulatory compliance and corporate governance as information technology and federal regulatory statutes converge. Jose D. Sosa of Arnstein & Lehr, L.L.P., was named chair of the Young Lawyers Subcommittee on Civility and Professionalism for the Defense Research Institute. Nathaniel L. Doliner of Carlton Fields in Tampa spoke at the Florida Risk and Insurance Management Society Conference in Naples. Doliner was a member of a panel that discussed “Insurance and Credit Based Solutions for Mergers and Acquisitions.” Fred Leonhardt of GrayRobinson in Orlando was recently named 2004’s Most Influential Businessman by the Orlando Business Journal. Jill Schwartz and Andrew G. Wedmore of Jill Schwartz & Associates, P.A., in Winter Park lectured on “The Anatomy of Employment Law: How to Prevent Workplace Lawsuits from Drawing Blood” at the Florida Hospital CME Employment Law Seminar. Additionally, Schwartz was named one of the “Top 5% Of The Best Of The Bar 2004” by the Orlando Business Journal. Kevin A. Raudt was honored by the Anti-Defamation League during its 16th Annual National Philanthropy Day sponsored by the Ft. Lauderdale/Broward Chapter of the Association of Fundraising Professionals. Carol Salzmann of Akerman Senterfitt in Orlando was elected chair of the City of Orlando Code Enforcement Board. Louis D. Putney of Tampa was elected board vice president of the Nathan B. Stubblefield Foundation WMNF Community Radio 88.5 FM. Ervin A. Gonzalez of Colson Hicks Eidson in Miami was a featured speaker at the “Punitive Damages in Florida” legal seminar presented by Lorman Educational Services. directors for 2004-2005.Benchmarks Circuit Judge Eugene J. Fierro of Miami-Dade County was awarded the Diploma of Judicial Skills from the American Academy of Judicial Education. Judge Amy Steele Donner wrote a portion of Florida Pretrial Practice, which was published in August 2004. Judge Richard P. McCully was tapped by the Iron Arrow Society, the highest honor attained at the University of Miami. Judge Cynthia G. Imperato, 17th Judicial Circuit, spoke at the National Association of Bunco Investigators Annual Conference in Washington, D.C. Her presentation was titled, “A Judicial Perspective.” Judge Thomas Bateman of the Second Circuit received the 2004 Iris Award, given by the Tallahassee affiliate of the National Alliance of the Mentally Ill. January 1, 2005 News & Notes January 1, 2005 News and Noteslast_img read more

Real-time payments: A new era begins

first_img continue reading » Monday’s announcement that the Federal Reserve plans to enter the real-time payments business created as much controversy as the wonky world of back-office processing can muster.FedNow, a “round-the-clock, real-time payment and settlement service,” will offer U.S.  financial institutions an alternative to the RTP rails launched late last year by The Clearing House—once it eventually goes live in 2023 or 2024.The Fed’s decision—the source of internal and external debate for months—saw proponents and detractors clustering in unusual coalitions.According to the Fed, more than 90% of responses to its request for comment supported its participation in the real-time arena. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

How the Nasdaq and tech stocks became the winner on election night

first_imgThere might not have been a winner in the presidential election on Tuesday night, but there was a winner in the financial markets: the Nasdaq 100 and tech stocks broadly.Futures contracts tied to the Nasdaq 100 index jumped as much as 4% in overnight trading on Tuesday amid a volatile trading session that saw Dow futures register a nearly 800-point swing from high to low. Through the whipsaws, the Nasdaq 100 remained the relative outperformer. – Advertisement – – Advertisement –center_img The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019.Regis Duvignau | Reuterslast_img

Promotion of business tourism in nine world markets

first_imgThe Croatian National Tourist Board (CNTB) is conducting a special promotional campaign focused on the promotion of business tourism as one of the key segments of the Croatian tourist offer.The campaign is running to completion December this year in the markets France, USA, Germany, Austria, Great Britain, Benelux, Italy, Russia and Slovenia. The communication channels through which the campaign is conducted are social networks (Linkedin), print ads in specialized MICE editions and online advertising channels. “Business tourism is an important tourist product because individual and group business guests are a stable source of demand, which, depending on trends, is most pronounced in the pre- and post-season periods. Research among hoteliers shows that business guests make up 10 to 15 percent of the share of all hotel guests. We will continue to promote this product in key foreign markets with the aim of significantly extending the tourist season”, Said the director of the CNTB, Kristjan Staničić. As they point out in the CNTB, other activities aimed at promoting business tourism are being carried out, and in 2019 they will appear on specialized congress exchanges such as IMEX Frankfurt, IMEX America, IBTM Barcelona and CONVENTA Ljubljana, and there is also the organization and participation in business workshops as part of which meetings are held with key partners. Fairs, Buy and Sell workshopsBe sure to follow the list of fairs as well as Buy and Sell workshops which in practice have proven to be great b2b meetings.Buy Croatia is organized with the aim of directly introducing foreign partners to the tourist offers of certain destinations and / or new tourist products, while business workshops “Sell Croatia” (B2B workshop) are held between Croatian tourism entities and foreign partners, but characteristic of the concept “Sell Croatia ”is the holding of workshops on emitting markets.See more about Sell and Buy workshops HEREAre you on the list of congress tourism service providers? See if your offer and hotel is among the service providers in congress tourism, if not, be sure to contact the CNTB so that you can be among the service providers for congress tourism ( HERE )List of fairs in 2019List of fairs in 2019 organized by the Main Office of the Croatian National Tourist Board. At these fairs, there is the possibility of co-exhibiting in a smaller or larger co-exhibition space, depending on the size of the stand and the position within the stand. See more in the attachment below about the conditionsSide dish:LIST OF FAIRS in 2019  And yes for the end, be sure to take advantage for more information on markets and foreign partners  representations of the CNTB, they are there for you and surely they know the individual market best. And there are interesting ones emission market profiles which give a brief insight into each market.last_img read more

Coronavirus speeds up big oil’s shift to green

first_imgOutput slashed The biggest oil companies “have the scale and money to change away from fossil fuels over time and face a stark choice on when to do so,” Warwick professor Elmes said.Alongside BP’s cuts — set to reduce its production by 40 percent of 2019 levels over the coming decade —  the London-based giant said it would multiply investments in renewable energies by 10 times over the same period.”This coming decade is critical for the world in the fight against climate change, and to drive the necessary change in global energy systems will require action from everyone,” chief executive Bernard Looney said. Nevertheless, rating agency Standard and Poor’s recalled that across the industry, “the proportion of public communications about greener strategies or renewable initiatives by these companies has not been matched by the share of non-oil and gas investment planned”.Renewable energy is likely to fall far short of the profit margins achievable with hydrocarbons, the credit analysts said.”Overall, we expect oil and gas to remain the largest contributor to supermajors’ cash generation for many years,” they added. With oil prices blasted by a double blow of oversupply and demand throttled by the coronavirus crisis, some industry giants are eyeing less polluting investments as bets on a less hydrocarbon-heavy future.The world’s top five oil firms — BP, Chevron, ExxonMobil, Royal Dutch Shell and Total — reported combined losses of $53 billion for the second quarter in recent days.BP announced it would cut production by the equivalent of a million barrels of oil per day until 2030 as part of a plan to reach “net zero” greenhouse emissions by mid-century. Topics : “If there was ever a moment to reset, this is it,” said Luke Parker of energy consultancy Wood Mackenzie.”Our view is that BP has taken the prudent course of action.”In recent months, producer countries have been slow to reduce the amount of oil flooding the market even as major consumers like the airline industry saw operations pared back to almost nothing.In April, oil prices even fell into negative territory for the first time in history as traders scrambled to offload stock.center_img ‘Stranded fossil assets’ “If I were an investor in oil and gas, I would be worried that I would be putting my money in an outdated and risky industry,” said Arthur van Benthem, an associate professor at Pennsylvania’s Wharton Business School.The fossil firms’ results were not only undermined by reduced activity from the pandemic, but also massive write-downs in the value of their most precious assets – their as-yet untapped oil and gas reserves.”These assets will either be less profitable when they come on line, or not be produced at all at the future prices now expected,” said professor David Elmes of Warwick Business School.By themselves, forecasts for low energy prices to persist into the coming years can’t explain the sizes of the write-downs.Rather, they are “part of a longer trend in which the rapid pace at which renewable energy is becoming competitive is putting traditional energy companies at risk,” van Benthem said.”Large investment companies, insurers, central banks, and others are warning the market about ‘stranded fossil assets’… the renewable energy market seems a much safer bet.”As companies look to cut costs, new approvals for oil and gas projects could plunge by 75 percent this year, Rystad Energy analysts predict, rather than holding steady as previously expected. The impact has accelerated a strategic rethink for some oil companies.Even before the pandemic struck they could see governments stepping up plans to reach net zero carbon dioxide (CO2) emissions in the fight against climate change.last_img read more