Vossi Finance’s Post

In our latest blog, we explore "The economics of dredging: Maximising returns while minimising costs". Maintenance dredging is critical for keeping ports and harbours operational, but rising costs are a growing concern for port authorities. In 2023 alone, £1.5 million was spent on dredging 20,000 cubic meters of silt from Gloucester Docks. And in the US, dredging costs for projects in places like Palm Coast in Florida, can run as high as US$20 million! 💰💲 But there’s good news! Our blog explores how innovative solutions like Tiamat are making maintenance dredging more cost effective and environmentally conscious. With the ability to cut dredging costs by up to 40%, Tiamat leverages natural tidal energy to redistribute sediment - reducing fuel use and environmental impact. 🌱 If you're curious about how Tiamat can transform your dredging operations, read more in our blog here: https://lnkd.in/ejTeAbWv #HavenDredging #Tiamat #DredgingWithNature #SustainableDredging #DredgingInnovation

Tiamat has been in operation at Harwich Haven Authority for almost two years now, with an objective to challenge the rising costs of maintenance dredging, while providing a sustainable and adaptable solution. 🙌 Haven Dredging's latest blog on the economics of dredging, takes a look into maximising the returns whilst minimising the costs, and discusses how Tiamat is helping port authorities keep operations running smoothly, while significantly cutting expenses and environmental impact. Seeing how projects like those at Gloucester Docks in the UK and Palm Coast in Florida face such high dredging costs, it’s exciting to be able to showcase how Tiamat can help reduce those costs by up to 40%! By harnessing natural tidal energy, we’re not just saving money, we’re also reducing our environmental footprint. 🌊 💰 Curious about how Tiamat can benefit your operations? Check out our latest blog below. #HavenDredging #Tiamat #SustainableDredging #DredgingWithNature #DredgingInnovation #CostEffectiveSolutions

https://lnkd.in/gUvUfpHM Martuwarra - The Fitzroy River needs your support. Not just the river but the whole surficial aquifer system. Martuwarra is one of the most pristine catchments on the planet and needs protection from uncontrolled exploitation. And yes, I am involved on the hydrocarbon industry, but the exploration and exploitation of deep hydrocarbon resources pose a very very low threat to Martuwarra compared to surficial activities such as dams, weirs and bore fields.

The U.S. Department of the Interior announced today the final Public Lands Rule, which gives conservation the same importance as other land uses, such as oil drilling and mining. HECHO supports this rule, which will modernize how the Bureau of Land Management manages the 245 million acres under its care, conserving and restoring degraded public lands and waters while balancing responsible development. Thanks to President Joe Biden's administration for this step forward to more sustainable land stewardship. Read more in our statement: https://ow.ly/bLQR50Rjt0H #publiclands #conservation #publiclandsrule #oilandgas #oilandgasreform

Well this certainly is a seismic shift in policy with BLM and its management of 245 million acres of public lands. The following text is from a Washington Post article today (4/18/24): "For decades, the federal government has prioritized oil and gas drilling, hardrock mining and livestock grazing on public lands across the country. That could soon change under a far-reaching Interior Department rule that puts conservation, recreation and renewable energy development on equal footing with resource extraction. The final rule released Thursday represents a seismic shift in the management of roughly 245 million acres of public property — about one-tenth of the nation’s land mass."

The U.S. just changed how it manages a tenth of its land! The Interior Department rule puts conservation and clean energy development on par with drilling, mining and resource extraction on federal lands for the first time For decades, the federal government has prioritized oil and gas drilling, hardrock mining and livestock grazing on public lands across the country. That could soon change under a far-reaching Interior Department rule that puts conservation, recreation and renewable energy development on equal footing with resource extraction. https://lnkd.in/eun7jadz

For decades, the federal government has prioritized oil and gas drilling, hardrock mining and livestock grazing on public lands across the country. That could soon change under a far-reaching Interior Department rule that puts conservation, recreation and renewable energy development on equal footing with resource extraction. The final rule released Thursday represents a seismic shift in the management of roughly 245 million acres of public property — about one-tenth of the nation’s land mass. It is expected to draw praise from conservationists and legal challenges from fossil fuel industry groups and Republican officials, some of whom have lambasted the move as a “land grab.” Interior’s Bureau of Land Management, known as the nation’s largest landlord, has long offered leases to oil and gas companies, mining firms and ranchers. Now, for the first time, the nearly 80-year-old agency will auction off “restoration leases” and “mitigation leases” to entities with plans to restore or conserve public lands. “Today’s final rule helps restore balance to our public lands as we continue using the best-available science to restore habitats, guide strategic and responsible development, and sustain our public lands for generations to come,” Interior Secretary Deb Haaland said in a statement. Tracy Stone-Manning, the bureau’s director, has warned that hotter, drier climates are driving longer and more intense wildfires and drought across the American West. At the same time, development has fragmented and destroyed wildlife habitat and migratory corridors. “We oversee 245 million acres, and every land manager will tell you that climate change is already happening. It’s already impacting our public lands,” Stone-Manning said during a Washington Post Live event last year. “We see it in pretty obvious ways, through unprecedented wildfires.” The fossil fuel industry, a frequent foe of the Biden administration, has chafed at the BLM’s approach. It has called the public lands rule an example of regulatory overreach that will stifle domestic energy production, even as the United States pumps more oil than any nation in history. Kathleen Sgamma, president of the Western Energy Alliance, which represents oil and gas companies, said the group plans to challenge the BLM rule in court. She said the policy appears to violate the Federal Land Policy and Management Act, the 1976 law that tasked the bureau with overseeing “multiple uses” of public lands for current and future generations. “We have no choice but to litigate,” Sgamma said. “These conservation leases seem to be designed to preclude energy development on federal lands.” The BLM’s proposed rule released last year sparked especially intense outrage in Wyoming, an energy powerhouse that accounts for nearly one-tenth of U.S. fossil fuel production. Some Wyoming Republicans have claimed the BLM is colluding with environmental groups to put millions of acres off-limits to development.

As we ponder the fate of thousands of offshore oil rigs reaching the end of their operational lives, we're faced with a dilemma that intertwines economics, environmental science, and marine ecology. The decommissioning process, as outlined in National Geographic's insightful piece (https://buff.ly/3Zlshq7), is not only a multi-million-dollar endeavor but also a pivotal moment for marine life that has come to rely on these structures. The article highlights a critical debate: Should these rigs be completely dismantled, potentially disrupting established marine ecosystems, or should they be left in place, allowing energy companies to essentially abandon massive infrastructure in the sea? With around 12,000 offshore rigs globally, the scale of this issue is immense. The "Rigs-to-Reef" program in the U.S., which has seen almost 600 wells converted to reefs, presents a compromise, where rigs are partially decommissioned, and marine life continues to flourish. However, this isn't a one-size-fits-all solution, as each rig's impact on the environment and its potential as a reef varies significantly. The presence of endangered species on some rigs, such as the coral Lophelia pertusa in the North Sea, complicates the matter further. Removing these structures could result in a net loss of biodiversity, as they may serve as one of the few biodiversity hotspots in an otherwise degraded marine environment. As we continue to lease lands for offshore oil and gas, we are perpetuating this issue for future generations to tackle. The lessons learned here could also inform the decommissioning of other offshore structures, like those for renewable energy, highlighting the importance of foresight in environmental planning. In this complex scenario, it's clear that a nuanced, ecologically sensitive approach is required, one that weighs the benefits of artificial reefs against the environmental costs of leaving man-made structures in our oceans. The decision we make today will ripple through marine ecosystems for years to come, underscoring the need for careful consideration and scientific guidance. #OffshoreRigs #MarineConservation #EnvironmentalScience

Here are this week's updates in #oceanpolicy All eyes remain on federal funding and the race towards tonight’s midnight deadline for Congress to pass the remaining fiscal year 2024 appropriations bills and avoid a partial government shutdown. The $1.2 trillion package—which includes bills that fund the U.S. Coast Guard and many initiatives related to fisheries management, blue technology, and other ocean priorities—passed the House this morning in a 286-134 vote. The bills are now in the Senate’s hands. In other news: – Reps. Derek Kilmer (D-WA-06) and Dan Newhouse (R-WA-04) introduced the Blue Ocean Energy Innovation Act (H.R.7722), which would establish an Integrated #BlueEconomy and Blue Energy Technologies Program at DOE, as well as a Blue Economy Center of Excellence, to support research and development of blue energy technologies. – Reps. Raúl Grijalva (D-AZ-07), Jared Huffman (D-CA-02), and Melanie Stansbury (D-NM-01) sent a letter requesting documents related to a whistleblower’s account of human rights abuses in the #fishing industry. – DOI announced a proposal for a second #offshorewind energy auction in the #GulfofMexico. The proposed lease sale includes four areas offshore Louisiana and Texas, totaling 410,060 acres.

I just completed Oliver Wyman's Financial Services: Climate Change on Forage. In the simulation I: Standard Executive Summary Study: Analyzed The Standard Executive Summary and classified financed emissions. Target Metrics Exploration: Explored target metrics such as Absolute Financed Emissions, PEI, and FELI, and their calculation methods. Net-Zero Scenario Recommendation: Researched external net-zero scenarios and recommended one to Bank ABC for target-setting, considering cost, policy strictness, and transition risks. 2030 Value Calculation and Strategic Recommendations: Calculated forecasted 2030 values and provided strategic recommendations to Bank ABC for achieving their goals. Check out the simulation here: https://lnkd.in/djFvk-3f