Methane emissions remains elusive challenge for oil and gas industry

LONDON and HOUSTON and SINGAPORE, Nov. 15, 2023 (GLOBE NEWSWIRE) — Methane remains a significant challenge for the oil and gas industry. COP28 could prove a landmark moment for methane reduction commitments, and companies and governments will need to take strong steps to reduce emissions and enforce new standards, according to a new Horizons report from Wood Mackenzie.

Methane is responsible for almost a third of the emissions-induced increase in global temperatures since the start of the industrial era and the oil and gas industry is estimated to account for up to a quarter of human-caused (anthropogenic) methane emissions, according to the report Mission invisible: tackling the oil and gas industry’s methane challenge.

According to Wood Mackenzie’s Emissions Benchmarking Tool, typical methane losses per field are small — less than 500 kilogram per hour (around 0.65 million cubic feet per day), which is below the measurable resolution of most current satellites — but around 96% of all fields have emissions on this scale, making it a large, cumulative problem. More significant emissions from larger fields are often spread across multiple production facilities, making them harder to quantify.

Government role
According to the report, government action will be vital to reduction efforts, with three high-level actions that can stimulate progress:

  1. Greater ambition. Implementable and enforceable policy would be a positive start, such as global collaboration on stopping all large-scale flaring and venting.
  2. Consistent enforcement. Policymakers and regulators must collaborate with industry to set realistic targets and timelines for emission reductions while ensuring that fees and fines are levied appropriately and loopholes are closed.
  3. Financial support for technology. Governments can support funding to improve both measurement technology and abatement solutions. For example, as part of the US Inflation Reduction Act (IRA) US$350 million in funding is available to monitor and reduce methane emissions.

Kevin Baxter
+44 330 124 9400
[email protected]

Vivien Lebbon
+44 330 174 7486
[email protected]

Mark Thomton
+1 630 881 6885
[email protected]

Hla Myat Mon
+65 8533 8860
[email protected]

The Big Partnership (UK PR agency)
[email protected]

About Wood Mackenzie
Wood Mackenzie is the global insight business for renewables, energy and natural resources. Driven by data. Powered by people. In the middle of an energy revolution, businesses and governments need reliable and actionable insight to lead the transition to a sustainable future. That’s why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years’ experience in natural resources. Today, our team of over 2,000 experts operate across 30 global locations, inspiring customers’ decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make bold decisions when it matters most. For more information, visit woodmac.com.

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فینجیو دنیا کو مشروبات پینے کا صحت مند تجربہ فراہم کرتا ہے

تائی یوان، چین، 15 نومبر 2023ء/سنہوا-ایشیانیٹ/– فینجیو، جسے “چینی بائیجیو (چینی شراب کی ایک قسم)” کی روح کے طور پر جانا جاتا ہے، 6،000 سال سے زیادہ کی تاریخ رکھتا ہے، اور ہمیشہ فرسٹ کلاس کوالٹی پر کاربند رہا ہے۔ اعلی معیار کا خام اناج، خالص قدرتی پانی کا ذریعہ اور آلودگی سے پاک پیداوار کا عمل فینجیو کو “صحت مند شراب” کا مترادف بناتا ہے، جو دنیا کے لوگوں کو ایک بہتر معیار اور صحت مند مشروبات پینے کا تجربہ پیش کرتا ہے.

فینجیو

فینجیو کی خام اناج کی کاشت کی بنیاد 36-45 ڈگری شمالی طول بلد کے سنہری پودے لگانے والے جغرافیائی زون میں ہے۔ اس کے علاوہ، فینجیو کو بنانے کے لئے پانی 840 میٹر زیر زمین گہرے کارسٹ منرل واٹر سے لیا جاتا ہے، جو ایک قسم کا قدرتی کمزور الکلائن پانی ہے، جس سے فینجیو صاف اور خالص نظر آتا ہے.

فینجیو کی پیداوار کو نگرانی کے 36 مراحل سے گزرنے، 183 کوالٹی کنٹرول پوائنٹس ٹیسٹنگ اور 2،182 قائم شدہ معیارات کو پورا کرنے کی ضرورت ہوتی ہے ، جو فوڈ سیفٹی اور صحت کے اشارے کے بین الاقوامی معیار سے کہیں زیادہ ہے، جو صارفین کو مزید خوشبودار اور حفظان صحت کی شراب بہم پہنچاتا ہے.

ماخذ: فین جیو گروپ

تصویری منسلکs لنکس: https://iop.asianetnews.net/view-attachment?attach-id=443242

 

Fenjiu brings a healthier drinking experience to the world

TAIYUAN, China, Nov. 15, 2023 /Xinhua-AsiaNet/– Fenjiu, known as the “soul of Chinese Baijiu (a type of Chinese liquor)”, has a history of more than 6,000 years, and has always adhered to the first-class quality. The high-quality raw grain, pure natural water source and pollution-free production process make Fenjiu a synonym for “healthy liquor”, presenting a better quality and healthier drinking experience to the people of the world.

Fenjiu

Fenjiu’s raw grain planting base is in the golden planting geographical zone of 36-45 degrees north latitude. In addition, the water for brewing Fenjiu is taken from the deep karst mineral water 840 meters underground, which is a kind of natural weak alkaline water, making Fenjiu look clear and pure.

The production of Fenjiu needs to go through 36 steps of monitoring, 183 quality control points testing and meet 2,182 established standards, which far exceeds the international standard of food safety and health indicators, brings consumers more fragrant and sanitary liquor.

Source: FEN JIU GROUP

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LeddarTech Appoints Chris Stewart as Chief Financial Officer

QUEBEC CITY, Canada, Nov. 15, 2023 (GLOBE NEWSWIRE) — LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, proudly announces the appointment of Mr. Chris Stewart as Chief Financial Officer (“CFO”).

As CFO at LeddarTech, Mr. Stewart will be instrumental in supporting LeddarTech in completing its recently announced business combination with Prospector Capital Corp. and transitioning to a publicly traded company.

Mr. Stewart has over 20 years of financial management experience at companies ranging from startups to large public companies. Mr. Stewart previously served as the Chief Financial Officer of Bionano Genomics Inc. (NASDAQ: BNGO) from September 2020 until joining LeddarTech in November 2023, Head of Maxwell Ultracapacitors at Tesla Inc. (NASDAQ: TSLA) from May 2019 to July 2020 and as Vice President of Finance and Information Technology at Maxwell Technologies Inc., a public energy storage company, from July 2015 to May 2019, at which time the company was acquired by Tesla. In addition, Mr. Stewart held multiple leadership roles, including Vice President of Finance at Entropic Communications and Chief Financial Officer of V-ENABLE Inc. (currently GroundTruth), a leader in targeted mobile advertising.

Mr. Stewart received his B.S. in Business Administration from the University of Southern California and his M.S. in Industrial Administration from Carnegie Mellon University.

“I am thrilled to join such a visionary company and work alongside LeddarTech’s employees at such an exciting time,” stated Mr. Stewart. “I eagerly anticipate forging formidable alliances at all levels, including with LeddarTech’s shareholders and its board of directors and leadership team, and support LeddarTech as it works toward completing its business combination and operating as a publicly traded company. I am extremely energized by LeddarTech’s accomplishments and look forward to helping it realize all of its potential.”

Mr. Charles Boulanger, CEO of LeddarTech, commented: “I am very pleased that Chris has joined the executive team of LeddarTech as Chief Financial Officer. As an accomplished financial executive with extensive experience in leading and optimizing the financial operations of various organizations, Chris has a strong track record of managing and transforming financial functions to drive profitability and growth. Chris’s skill set perfectly aligns with LeddarTech’s strategic goals.”

LeddarTech Inc. (“LeddarTech”) and Prospector Capital Corp. (“Prospector”) (NASDAQ: PRSR, PRSRU, PRSRW), a Cayman Islands exempted company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, are party to a definitive business combination agreement that, upon completion of the business combination, would result in LeddarTech becoming a publicly listed company. Upon closing of the transaction, which is expected during the fourth quarter of 2023, the combined company formed through the business combination, LeddarTech Holdings Inc. (“Newco”), is expected to be listed on NASDAQ under the ticker symbol “LDTC.”

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patent applications (80 granted) that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

About Prospector Capital Corp.

Prospector is a special-purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses with a focus on companies with advanced and highly differentiated solutions for the technology sector. The company is led by a team of experienced investors and executives focused on identifying and investing in high-growth companies with strong management teams and attractive market opportunities. Prospector’s securities are traded on NASDAQ under the ticker symbols “PRSR,” “PRSRU” and “PRSRW.”

Important Information About the Proposed Transaction and Where to Find It

In connection with the proposed business combination, Prospector, LeddarTech and Newco will prepare and will file with the SEC the registration statement on Form F-4 (the “Registration Statement”), and Prospector will mail the proxy statement/prospectus contained within the Registration Statement to its shareholders and file other documents regarding the business combination with the SEC. This press release is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Prospector or Newco may file with the SEC in connection with the business combination. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE REGISTRATION STATEMENT WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE REGISTRATION STATEMENT AND OTHER DOCUMENTS FILED BY PROSPECTOR OR NEWCO WITH THE SEC IN CONNECTION WITH THE BUSINESS COMBINATION, BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Registration Statement and other documents filed with the SEC by Prospector or Newco through the website maintained by the SEC at www.sec.gov.

Forward-Looking Statements

Certain statements contained in this press release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act (which forward-looking statements shall also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements regarding the business combination involving Prospector, LeddarTech and Newco, the ability to consummate the business combination and the timing thereof, the anticipated benefits from the business combination, the closing of the private placement financing and expected proceeds therefrom and statements relating to Newco’s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the business combination are not satisfied, including the failure to timely or at all obtain shareholder approval for the business combination or the failure to timely or at all obtain any required regulatory clearances, including of the Superior Court of Justice of Québec; (ii) uncertainties as to the timing of the consummation of the business combination and the ability of each of Prospector, LeddarTech and Newco to consummate the business combination; (iii) the possibility that other anticipated benefits of the business combination will not be realized, and the anticipated tax treatment of the business combination; (iv) the occurrence of any event that could give rise to termination of the business combination; (v) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may affect the timing or occurrence of the business combination or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry-specific conditions; (vii) possible disruptions from the business combination that could harm LeddarTech’s business; (viii) the ability of LeddarTech to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the business combination; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the business combination that could affect LeddarTech’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; (xiii) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; and (xiv) other risk factors as detailed from time to time in Prospector’s reports filed with the SEC, including Prospector’s Annual Report on Form 10-K, periodic Quarterly Reports on Form 10-Q, periodic Current Reports on Form 8-K and other documents filed with the SEC, as well as the risk factors to be contained in the Registration Statement. The foregoing list of important factors is not exhaustive. Neither Prospector nor LeddarTech can give any assurance that the conditions to the business combination will be satisfied. Except as required by applicable law, neither Prospector nor LeddarTech undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Prospector or Newco, a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”).

Participants in Solicitation

Prospector, LeddarTech and Newco, and certain of their respective directors, executive officers and employees, may be deemed to be participants in the solicitation of proxies in connection with the business combination. Information about the directors and executive officers of Prospector can be found in the Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on March 31, 2023. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the business combination, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the Registration Statement and other relevant materials when they are filed with the SEC. These documents can be obtained free of charge from the source indicated above.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 [email protected]

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

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ROSEN, LEADING INVESTOR COUNSEL, Encourages Capstone Green Energy Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – CGRN, CGRNQ

NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Capstone Green Energy Corp. (NASDAQ: CGRN) (OTC: CGRNQ) between June 14, 2021 and September 22, 2023, both dates inclusive (the “Class Period”), of the important December 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Capstone Green Energy securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Capstone Green Energy class action, go to https://rosenlegal.com/submit-form/?case_id=19761 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 12, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements that: (1) Capstone had engaged in “bill and hold transactions” with customers; (2) these transactions were not reported pursuant to generally accepted accounting principles (“GAAP”); (3) “as a result of apparent errors primarily related to revenue recognition associated with bill and hold transactions” Capstone lacked a reasonable basis to report certain financial results and was reasonably likely to restate its financial statements; and (4) as a result of the foregoing, defendant’s positive statements about Capstone’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Capstone Green Energy class action, go to https://rosenlegal.com/submit-form/?case_id=19761 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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