MER

• Vancouver, British Columbia--(Newsfile Corp. - November 23, 2023) - Skyline Wealth Management Inc. - Skyline Apartment REIT is a private alternative investment product for investors seeking historically stable, multi-residential real estate opportunities.
• Since its inception in 2006, Skyline Apartment REIT has consistently provided investors with distributions and capital appreciation while offering low Management Expense Ratio (MER) and no redemption fees.
• When making the decision to include alternative investments in portfolios, consider Skyline Apartment REIT, an institutional-grade investment class that has stood the test of time for its unique characteristics and stable performance.

• In a four-line statement announcing the approval of the new Rosebank oil field 80 miles west of Shetland, the UK’s offshore oil and gas regulator showed its mission no longer serves the public good.
• This has outraged and dismayed climate scientists, campaigners, and the many other people concerned about the UK’s faltering climate leadership.
• The approval greenlights a process that is expected to produce first oil by 2026, and around 300 million barrels of oil (and a smaller amount of gas) over the next two decades.
• The thing is, like other North Sea oil fields yet to be approved, Rosebank was licensed for oil and gas extraction years ago.

End ‘maximising economic recovery’

• The core objective of the NSTA is to maximise the economic recovery of UK petroleum – a principle shorthanded as MER – as set out in the 1998 Petroleum Act.
• In practice, this means the regulator’s primary mission is to facilitate the extraction of oil and gas.
• A revised strategy in 2021 paired MER with an obligation to support the UK’s net zero commitments.
• Regulation aims to avoid economic, environmental and social harms, and ensure the public good through delivering collective benefits and upholding socially-desirable ideals.

Rewrite the Petroleum Act

• Piecemeal adaptation has left MER and other core regulatory principles untouched, which is at odds with the climate emergency.
• What’s more, as a litmus test for approval, Rosebank indicates other licensed projects may get the go-ahead, like Cambo.
• Removing NSTA’s central objective to maximise economic recovery requires nothing less than a rewrite of the Petroleum Act.
• Rosebank exposes, however, how the new mission of the offshore regulator has to be about securing a new public good.

• The MER is a detailed and comprehensive environmental report that combines more than 25 individual reports and independent studies and represents a significant component of the Dutch permitting process for the Company’s Green Energy Hub development in North Sea Port of Vlissingen, the Netherlands.
• With the submission of the MER, the Company’s wholly owned subsidiary Evolution Terminals BV has achieved another significant milestone in the execution of its development plan and together with the filing of the concept Environmental Permit (known as “Omgevingsvergunning Mileu” in Dutch) in December 2022 and the Nature Permit submission in September 2021, the Company’s next target is to file the Phase 1 Construction Permit (“Omgevingsvergunning Bouw”) which will be submitted in stages in compliance to commercial customer requirements and the design phases of the project.
• The definitive MER and Environmental Permit application will now be reviewed by the relevant governmental authority in an extensive process that will be assessed according to national standards, with a standard decision period of 6 months which may be extended by a period of six weeks.
• The Company’s Netherlands-based Project Management team will continue to consult closely with authorities throughout the permit assessment process and will simultaneously focus on the Company’s engineering and commercial development efforts to efficiently manage an accelerated achievement of FID which is targeted within 2023.

• Guelph, Ontario, Canada, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Canadian investment firm Skyline Wealth has announced the introduction of Class F Units for Skyline’s four private alternative funds, now available for purchase through Fundserv.
• Fundserv is a connectivity hub providing Canadian investment industry professionals access to more than 95,000 investment funds.
• Skyline Wealth successfully raised over $320 million in 2022 and now boasts more than 5,700 investors on its client roster.
• 4 The annualized return is based on a single unit initial investment in the Skyline Clean Energy Fund inclusive of unit price changes.