Automation

It is industry, not government, that is getting in the way of a ‘just transition’ for oil and gas workers

Retrieved on: 
Thursday, April 18, 2024

Canada’s oil and gas sector is in the throes of profound change driven by shifting consumer demand and global commitments to dramatically lower greenhouse gas (GHG) emissions.

Key Points: 
  • Canada’s oil and gas sector is in the throes of profound change driven by shifting consumer demand and global commitments to dramatically lower greenhouse gas (GHG) emissions.
  • But are industry and politicians sincere in their affection for oil and gas workers?
  • Or, are energy workers merely a convenient vehicle to shield the industry from change that many Canadians believe is inevitable?

Picket lines

  • We found the company used expanding pipeline capacity and Canada’s emission reduction policies to justify its push to force workers to take concessions.
  • The lockout came to an end in June 2020 when Local 594 members ratified an agreement with FCL.

“Just” transition?

  • Just this month federal Conservatives, conservative provincial governments and protesters came out strong against the increase to the Trudeau government’s signature climate policy — the price on carbon.
  • The Liberal government has faced significant backlash against its other climate policies as well, including the oil and gas emissions cap.
  • Conservatives position themselves as the voice of fossil fuel workers, who they cast as victims of carbon pricing and other federal environmental policies.
  • Shuttered factories and their laid-off employees are victims of Liberal anti-oil policies, industry proponents insist.

Questions unanswered

  • Time and again governments, local police and courts advanced the interests of industry over those of unionized workers.
  • Or, will the inevitable winding down of extractive fossil fuel industries lead to acrimonious labour relations and social injustice?
  • The path designed by powerful oil and gas interests is not one that puts workers or communities first.
  • Emily Eaton receives funding from the Social Sciences and Humanities Research Council of Canada.
  • Andrew Stevens receives funding from the Social Sciences and Humanities Research Council and the University of Regina (U of R fund: Unifor Scholar in Labour Relations).

FPF Submits Comments to the Office of Management and Budget on AI and Privacy Impact Assessments

Retrieved on: 
Thursday, April 18, 2024

FPF Submits Comments to the Office of Management and Budget on AI and Privacy Impact Assessments

Key Points: 
  • FPF Submits Comments to the Office of Management and Budget on AI and Privacy Impact Assessments
    On April 1, 2024, the Future of Privacy Forum filed comments to the Office of Management and Budget (OMB) in response to the agency’s Request for Information on how privacy impact assessments (PIAs) may mitigate privacy risks exacerbated by AI and other advances in technology.
  • As privacy impact assessments are a well-established means for both public and private entities to assess privacy risks in their services, products, and programs, there is a tremendous opportunity for federal agencies to apply learnings from existing data privacy to the challenges that AI presents as a rapidly evolving technology.
  • Ensuring that the scope and substance of a PIA for AI tools account for role-specific responsibilities and capabilities in the AI system lifecycle.
  • “Whether conducted by the public sector, private companies, or other entities, privacy impact assessments can play an important role in evaluating and mitigating certain risks associated with technology.

In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)

Retrieved on: 
Wednesday, April 10, 2024

In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)

Key Points: 
  • In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)
    Nickel prices remained at a low position in 2023, posing a serious challenge to the global industrial chain.
  • Nickel Asia Corporation, a nickel producer from the Philippines, reported a decrease of 53% YoY in net profits in fiscal year 2023.
  • The general downturn of the nickel industry in 2023 reflects the fact that the global oversupply of nickel has not changed in the past two years.
  • On the other, the nickel supply-demand situation has seen predictions for marginal improvement, and this will surely boost nickel price.

ABB Ltd: ABB plans to launch new share buyback of up to $1 billion following completion of 2023–2024 program

Retrieved on: 
Wednesday, April 10, 2024

Through this buyback program, ABB repurchased a total of 21,387,687 shares – equivalent to 1.09 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $0.83 billion over the past 12 months.

Key Points: 
  • Through this buyback program, ABB repurchased a total of 21,387,687 shares – equivalent to 1.09 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $0.83 billion over the past 12 months.
  • ABB’s Board of Directors intends to use the capital band approved at the 2023 Annual General Meeting to cancel all shares repurchased under the 2023–2024 share buyback program.
  • Consistent with ABB’s capital allocation principles, the Board of Directors today approved a new share buyback program for capital reduction purposes of up to $1 billion.
  • ABB intends to also use the capital band for the cancellation of the shares repurchased under this new program.

ABB Ltd: ABB launches new share buyback program of up to $1 billion

Retrieved on: 
Wednesday, April 10, 2024

On April 1, 2024, ABB will launch its previously announced new share buyback program of up to $1 billion.

Key Points: 
  • On April 1, 2024, ABB will launch its previously announced new share buyback program of up to $1 billion.
  • Since July 2020, ABB has repurchased about 308 million shares for capital reduction purposes for a total amount of approximately $9.4 billion.
  • This includes 21,387,687 shares that were repurchased under the 2023–2024 share buyback program and are expected to be cancelled in Q2 2024.
  • The new share buyback program will be managed by a bank mandated by ABB that, based on trading parameters received from ABB, will make its trading decisions concerning the timing of share repurchases independently of ABB.

ITHL Announces Collaboration with Everun to Increase Revenue and Innovation

Retrieved on: 
Wednesday, April 10, 2024

This collaboration is set to support both entities' market approach, leveraging ITHL’s research and development prowess alongside Everun's manufacturing.

Key Points: 
  • This collaboration is set to support both entities' market approach, leveraging ITHL’s research and development prowess alongside Everun's manufacturing.
  • The synergy between ITHL and Everun has already borne its first fruit: the fully electric Multi-truck.
  • The company states, this innovation marks a significant step towards sustainable industrial machinery and underscores the partnership's commitment to environmental responsibility and technological advancement.
  • The collaboration is leveraging ITHL's years of research and development to introduce technologically advanced products to the market.

EQS-News: Shelly Group accelerates expansion into professional market segments using globally established hardware and software standards

Retrieved on: 
Wednesday, April 10, 2024

Sofia / Munich, 13 March 2024 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166 ) (“Shelly Group” / “the Company“), a provider of IoT and smart building solutions based in Sofia, Bulgaria, is accelerating its expansion into professional market segments.

Key Points: 
  • Sofia / Munich, 13 March 2024 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166 ) (“Shelly Group” / “the Company“), a provider of IoT and smart building solutions based in Sofia, Bulgaria, is accelerating its expansion into professional market segments.
  • To this end, Shelly announced the integration of globally established hardware and software standards at Light + Building 2024, the world's leading expo for lighting and building technology.
  • In addition, Shelly is launching a new free tool that connects end customers in the German market with electricians for the installation of their products.
  • In this way, we increase customer and professional user loyalty and strengthen our market penetration and competitive position.“

Setting A New Security Benchmark: Kudelski IoT's Semiconductor Alliances Redefine IoT Provisioning

Retrieved on: 
Wednesday, April 10, 2024

Setting A New Security Benchmark: Kudelski IoT's Semiconductor Alliances Redefine IoT Provisioning

Key Points: 
  • Setting A New Security Benchmark: Kudelski IoT's Semiconductor Alliances Redefine IoT Provisioning
    Premier integration with Microchip, and collaborative partnerships with ST Microelectronics, Infineon, and Silicon Labs radically simplify a critical IoT security requirement.
  • Kudelski IoT libraries are integrated with semiconductor partner tools to enable device manufacturers to personalize their products in the factory or in the field.
  • Hardy Schmidbauer, Senior Vice President at Kudelski IoT, said, “For many IoT device manufacturers, security provisioning is today a laborious manual process that is prone to error, seriously compromising the security of individual devices, or even of a manufacturer’s whole chain of security.
  • By partnering with top IC manufacturers, Kudelski IoT is making provisioning a simpler, more automated, and secure process than ever before.

ABB Ltd: Tarak Mehta to leave ABB

Retrieved on: 
Wednesday, April 10, 2024

ABB announced today that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company.

Key Points: 
  • ABB announced today that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company.
  • Tarak will leave ABB at the end of July this year.
  • Tarak joined ABB in 1998 and has since then held a number of positions of increasing responsibility in the United States, Sweden and Switzerland.
  • I wish the ABB team a continued bright future,” said Tarak Mehta.

EQS-News: AuctionTech counts on AI for future development of PropNow, the leading platform for digital offer management in real estate sales in Europe

Retrieved on: 
Wednesday, April 10, 2024

AuctionTech counts on AI for future development of PropNow, the leading platform for digital offer management in real estate sales in Europe

Key Points: 
  • AuctionTech counts on AI for future development of PropNow, the leading platform for digital offer management in real estate sales in Europe
    The issuer is solely responsible for the content of this announcement.
  • AuctionTech counts on AI for future development of PropNow, the leading platform for
    Berlin, March 22nd, 2024 – AuctionTech, a Berlin-based software provider for dynamic market pricing solutions of real estate and operator of PropNow.com, the leading platform for digital bidding/offer processes in the real estate sector, will increasingly focus on artificial intelligence (AI) for further development and international growth.
  • PropNow is the market leader in Europe with its platform for digital management of purchase offers and bidding processes.
  • AuctionTech thus remains one of the innovation leaders in the digitalization of real estate sales."