Inflation

Corporacion America Airports Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 20, 2024
Other Transport, Air, Transportation, Transport, Travel, PAX, Euro, Growth, ARS, International, Section, Adjustment, Zvartnots International Airport, Yoy, CAAP, Airport, Inflation, USD, Government, LTM, Airline

Delivered YoY increases across key operating metrics:

Key Points: 
  • Delivered YoY increases across key operating metrics:
    13.1% in passenger traffic to 20.7 million, reaching 99.1% of 4Q19 levels.
  • Adjusted EBITDA margin ex-IFRIC12 expanded to 92.9% from 37.4% in 4Q22, or to 41.1% when excluding the Natal positive impact.
  • Net debt to LTM Adjusted EBITDA improved to 1.4x as of December 31, 2023, from 1.6x as of September 30, 2023.
  • Commenting on the results for the quarter Mr. Martín Eurnekian, CEO of Corporación América Airports, noted: “The strong momentum experienced throughout the year continued into the fourth quarter, with passenger traffic growing 13% year-on-year and revenue growth ex-IAS29 surpassing the increase in traffic.

Renewable Energy Tax Partner Julie Marion Joins Sheppard Mullin

Retrieved on: 
Monday, March 11, 2024
Alternative Energy, Energy, Legal, Professional Services, Champaign–Urbana metropolitan area, IRA, KPMG, Farm, Growth, Health, Partnership, University, Investment, Tax, Wells Fargo, Inflation, Renewable energy

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Julie Marion has joined the firm as a partner in the Energy, Infrastructure and Project Finance team and the Tax, Employee Benefits and Trusts and Estates practice group.

Key Points: 
  • Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Julie Marion has joined the firm as a partner in the Energy, Infrastructure and Project Finance team and the Tax, Employee Benefits and Trusts and Estates practice group.
  • Marion boosts the Chicago Energy team to 17 and is the third lateral partner in the last month to join Sheppard Mullin’s Chicago office, following healthcare partners Doug Swill and Megan Rooney .
  • Marion brings highly focused federal income tax experience to structuring renewable energy projects, including credit qualification, front-end project financing and monetization of federal tax credits through tax equity structures and transferability/direct pay elections, as well as private equity investments in development platforms and platform M&A transactions.
  • “We have a nationally leading practice in renewable energy tax, so we know how rare it is to find a lawyer with Julie’s experience,” said Luca Salvi, chair of Sheppard Mullin.

EPA Creates Historic National Green Bank; Elemental Excelerator Partners With Winning Coalitions to Deliver Climate Solutions

Retrieved on: 
Thursday, April 4, 2024
Elemental, Public health, Country, Coalition, Entrepreneurship, SAN, CGC, Climate, Policy, Transport, EPA, Investment, Atmosphere, Community, Solstice, Inflation, Government, Renewable energy

HONOLULU and SAN FRANCISCO, April 4, 2024 /PRNewswire/ -- Elemental Excelerator, a nonprofit investor focused on scaling climate technology for deep community impact, is honored to be a part of this momentous investment in American innovation and communities by the Environmental Protection Agency (EPA). Elemental plans to collaborate with all three national winners, serving as a national investment partner and sub-awardee of the Coalition for Green Capital (CGC), a transaction partner of Climate United and a supporting partner to Power Forward Communities. In addition to announcing the winners of the $14 billion National Clean Investment Fund, the EPA announced Justice Climate Fund, also an Elemental partner, as one of the winners of the $6 billion Clean Communities Investment Accelerator. Now that the EPA has announced these awards, Elemental will complete the contracting process with deployment of funds expected in the summer. This EPA program is a significant policy achievement that will help the U.S. reach its goals to cut greenhouse gas emissions in half by 2030 and reach net-zero emissions by 2050. 

Key Points: 
  • Elemental plans to collaborate with all three national winners, serving as a national investment partner and sub-awardee of the Coalition for Green Capital (CGC), a transaction partner of Climate United and a supporting partner to Power Forward Communities.
  • Now that the EPA has announced these awards, Elemental will complete the contracting process with deployment of funds expected in the summer.
  • We are honored to partner with coalition members to mobilize private capital and deliver on this vision," said Dawn Lippert, Founder & CEO of Elemental Excelerator.
  • Through our work with Elemental Excelerator, these funds will rapidly accelerate infrastructure, affordability and the cleaning of the air in our communities.

Justice Climate Fund Selected by U.S. Environmental Protection Agency for Clean Communities Investment Accelerator Program

Retrieved on: 
Thursday, April 4, 2024
Common Good, EV, Partner, Climate change, JCF, CCIA, National Bankers Association, CDFI, EPA, Housing, Atmosphere, National Association, Multimedia, Inflation, Renewable energy

WASHINGTON, April 4, 2024 /PRNewswire/ -- Today, the Justice Climate Fund (JCF) announced it has been selected by the U.S. Environmental Protection Agency (EPA) to begin award negotiations for the Greenhouse Gas Reduction Fund (GGRF) Clean Communities Investment Accelerator (CCIA) program. JCF has been selected to receive approximately $1 billion in funding.

Key Points: 
  • WASHINGTON, April 4, 2024 /PRNewswire/ -- Today, the Justice Climate Fund (JCF) announced it has been selected by the U.S. Environmental Protection Agency (EPA) to begin award negotiations for the Greenhouse Gas Reduction Fund (GGRF) Clean Communities Investment Accelerator (CCIA) program.
  • JCF is a nonprofit financial institution created to scale the nationwide deployment of affordable, equitable clean energy improvements for disadvantaged American families, businesses and communities.
  • With GGRF funds, these dedicated lenders can expand their successful histories of driving positive value and change by tackling climate change.
  • We are honored to have been selected for the Clean Communities Investment Accelerator program, and we believe that this is just the start."

US lithium demand predicted to grow nearly 500% by 2030; Fastmarkets steps in to provide regional price transparency

Retrieved on: 
Thursday, April 4, 2024
Lithium, IRA, Growth, Lithium hydroxide, Lithium carbonate, History, Inflation, PRA

LONDON, April 4, 2024 /PRNewswire/ -- Fastmarkets, an industry-leading cross-commodity price-reporting agency (PRA), launches region-specific lithium price assessments for western markets to increase price transparency ahead of significant growth in EV demand.

Key Points: 
  • LONDON, April 4, 2024 /PRNewswire/ -- Fastmarkets, an industry-leading cross-commodity price-reporting agency (PRA), launches region-specific lithium price assessments for western markets to increase price transparency ahead of significant growth in EV demand.
  • Fastmarkets forecasts a significant growth in demand for lithium in the US of 487% to almost 412,000 tonnes of lithium carbonate equivalent by 2030.
  • Fastmarkets was the first price reporting agency to launch spot battery-grade and technical-grade lithium hydroxide and carbonate price assessments for the US and Europe.
  • Our launch of lithium price assessments showcases our commitment to empowering the EV and battery industries with essential market insights."

Olin Among U.S. Epoxy Resin Producers Filing Trade Cases Against Five Countries

Retrieved on: 
Wednesday, April 3, 2024
CHIPS, IRA, Olin Corporation, Coalition, OLN, Aerospace, Science, Semiconductor, Commerce, Wind power, Adani Transmission, Inflation, Legislation

CLAYTON, Mo., April 3, 2024 /PRNewswire/ -- Olin Corporation (NYSE: OLN) today announced the filing of antidumping and countervailing duty petitions against five countries related to certain epoxy resins, as part of the U.S. Epoxy Resin Producers Ad Hoc Coalition.

Key Points: 
  • CLAYTON, Mo., April 3, 2024 /PRNewswire/ -- Olin Corporation (NYSE: OLN) today announced the filing of antidumping and countervailing duty petitions against five countries related to certain epoxy resins, as part of the U.S. Epoxy Resin Producers Ad Hoc Coalition.
  • The petitions charge that unfairly traded imports of certain epoxy resins from China, India, South Korea, Taiwan, and Thailand are causing material injury to the domestic epoxy resin industry.
  • "We have been facing a significant volume of what we believe are unfairly dumped and subsidized imports of epoxy resin into this country," said Florian Kohl, President, Olin Epoxy.
  • The five countries covered by the antidumping petitions and the dumping margins alleged by the domestic industry are as follows:

Ballard announces $54 million of additional funding support, bringing total U.S. federal funding to $94 million for Ballard's fuel cell Gigafactory in Texas

Retrieved on: 
Monday, April 1, 2024
IRA, Documentation, Growth, Ballard Power Systems, Transport, Policy, TSX, Inflation, DOE, Renewable energy

Ballard plans to use the $54 million in tax credits to support the build-out of a new fuel cell Gigafactory in Rockwall, Texas.

Key Points: 
  • Ballard plans to use the $54 million in tax credits to support the build-out of a new fuel cell Gigafactory in Rockwall, Texas.
  • "Ballard sits at the convergence of the megatrends of decarbonization, energy security, and technology change, with highly disruptive and proven zero-emission fuel cell products," said Randy MacEwen, Ballard's President & Chief Executive Officer.
  • Ballard Rockwall Giga 1 is planned to be located on a parcel of 22 acres of industrial land within the Rockwall Technology Park in Rockwall, Texas.
  • Ballard expects to make a final investment decision on this facility later in 2024, pending completion of customary conditions, including necessary approvals and definitive documentation.

Forest Service Awards American Forests $12M to Support Resilient Reforestation for Underserved Communities

Retrieved on: 
Thursday, March 28, 2024
Carbon, IRA, Climate change, Organization, Disaster, Disease, PINE, American Forests, Climate, Seedling, Forest service, Biodiversity, Forestry, Inflation

PINE BLUFF, Ariz., March 28, 2024 /PRNewswire-PRWeb/ -- The USDA Forest Service has awarded American Forests $12 million to help tribes and underserved communities access financial and technical support for resilient reforestation.

Key Points: 
  • PINE BLUFF, Ariz., March 28, 2024 /PRNewswire-PRWeb/ -- The USDA Forest Service has awarded American Forests $12 million to help tribes and underserved communities access financial and technical support for resilient reforestation.
  • Over the next three years, American Forests will collaborate with the Forest Service and numerous partners to make resilient reforestation more affordable and accessible for underserved landowners, including federally recognized tribes and Native Hawaiian organizations.
  • Through the award, American Forests and partnering organizations will help forest owners participate in emerging private markets for resilient reforestation.
  • Funded by the Inflation Reduction Act, the program is investing $145 million in organizations that support underserved and small-acreage forest owners.

Electrolux Group Earns 2024 Energy STAR® Partner of the Year Award

Retrieved on: 
Tuesday, March 26, 2024
Electricity, IRA, Climate change, Organization, Taste, AEG, Environment, Partnership, Frigidaire, CNN, Sale, Private sector, EPA, Energy, Food Network, Energy Star, Water, Sustainability, Partner, Multimedia, Electrolux, Inflation, Renewable energy

CHARLOTTE, N.C., March 26, 2024 /PRNewswire/ -- Electrolux Group is proud to announce that for the second consecutive year it has received the ENERGY STAR® Partner of the Year Award from the U.S. Environmental Protection Agency (EPA).

Key Points: 
  • CHARLOTTE, N.C., March 26, 2024 /PRNewswire/ -- Electrolux Group is proud to announce that for the second consecutive year it has received the ENERGY STAR® Partner of the Year Award from the U.S. Environmental Protection Agency (EPA).
  • Each year, the ENERGY STAR program honors a select group of businesses and organizations that have made outstanding contributions to energy efficiency and the transition to a clean energy economy.
  • ENERGY STAR award winners lead their industries in the production, sale, and adoption of energy-efficient products, homes, buildings, services, and strategies.
  • As a leading home appliance manufacturer, Electrolux Group makes energy efficiency a priority across all its key product categories and has increased its Energy STAR portfolio by 67 percent since 2021.

State-Based Marketplaces Celebrate Over 10 Years of Coverage with Launch of New Website

Retrieved on: 
Tuesday, March 26, 2024
Health, Health literacy, Organization, Growth, COVID-19, Public, Policy, Spring, Insurance, Washington Healthplanfinder, Medicare, National academy, Multimedia, Inflation, Washingtonian movement, Health insurance

This new website brings together resources from the network and other organizations on state-based marketplaces, including enrollment data, reports, and an interactive map featuring details on state-based marketplaces across the country.

Key Points: 
  • This new website brings together resources from the network and other organizations on state-based marketplaces, including enrollment data, reports, and an interactive map featuring details on state-based marketplaces across the country.
  • "The enhanced federal subsidies are making a huge difference for Washington state," said Ingrid Ulrey, CEO of the Washington Health Benefit Exchange.
  • "More than 80 percent of all our customers are receiving subsidies, which have lowered out-of-pocket costs for Washingtonians and made health coverage more accessible.
  • The state marketplaces' innovations extend beyond enrollment to ensure enrollees' plans provide the best coverage possible.