Dilution

• "Overall, 2023 was AES' best year ever in terms of both execution and financial performance.
• Full year 2023 Net Income (Loss) was ($182) million, including $1.1 billion of impairments in 2023 primarily related to the Company's continued exit from coal-fired generation.
• During full year 2023, the Company realized Tax Attributes5 of $611 million, an increase of $344 million compared to full year 2022.
• The Company's 2024 guidance is based on foreign currency and commodity forward curves as of December 31, 2023.

• Revenue: Revenue increased by 12% to $234.2 million in the fourth quarter of 2023 from $209.7 million in the fourth quarter of 2022.
• The margin contraction was primarily due to product mix, partially offset by media buying optimization, which is enabled by leveraging data and buying power.
• GAAP Net Income: GAAP net income increased by 18% to $117.4 million in 2023 from $99.2 million in 2022.
• Cash Flow from Operations: Net cash provided by operating activities in 2023 was $155.5 million, a 27% increase from $122.1 million in 2022.

• Ghana has introduced some climate change policies and general environmental regulations but has yet to pass a Climate Change Act.
• Climate change law expert Kikelomo Kila sets out her findings in a recent paper on why Ghana must not follow the “command and control” regulatory approach.
• Under the first approach, Ghana mostly relies on the Environmental Protection Agency Act (1994) to regulate climate change matters.
• The problem with this approach is that climate change impacts are secondary to issues like land use and conservation.
• The country’s climate change regulator, the National Council on Climate Change, instituted programmes and policies for key emissions sectors.
• Read more:
  Climate change: 3 key goals Nigeria must focus on at COP28

  Your research paper recommends that Ghana follow an alternative approach to climate change regulation.

• The government introduced the Climate Change Act 2016 and the Climate Change (Amendment) Act 2023 which combine prescriptive and economic tools.

Kikelomo Kila receives funding from the UK Economic and Social Research Council (ESRC) and the Arts and Humanities Research Council (AHRC).

• Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the third quarter ended October 7, 2023.
• “We are taking decisive actions to position Advance for long-term success and create meaningful value for our shareholders.
• Today we are announcing initial actions from our review process that will allow us to capitalize on significant opportunities ahead.
• We are taking significant steps to improve our cost structure and remain focused on returning the business to profitable growth.”