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Shell ditches lower oil production target but insists it’s committed to cutting emissions

Published Wed, 26 Feb 2025 08:40:38 GMT

LONDON (AP) — Shell has effectively abandoned a plan to cut oil production by 1-2% per year until the end of the decade, instead maintaining output at current levels in a move that risks angering climate activists.Ahead of an investor update in New York on Wednesday, Europe’s largest energy company argued that it had already met the target it had set for itself in 2021 through asset sales. London-based Shell said it had seen its production drop from 1.9 million barrels of oil equivalent per day in 2019 to 1.5 million in 2022. Shell has, for example, offloaded a little under 200,000 barrels of daily production when it sold its sites in the U.S. Permian basin to ConocoPhillips two years ago.“Our target of a reduction in oil production by 2030 has not changed,” the company said. “We’ve just met it eight years early.”New chief executive Wael Sawan insisted that the company was still committed to decarbonizing its operations, reiterating the goal that Shell will become a net-...

It’s almost time to resume student loan payments. Not doing so could cost you

Published Wed, 26 Feb 2025 08:40:38 GMT

NEW YORK (AP) — After three years, the pandemic-era freeze on student loan payments will end in late August.It might seem tempting to just keep not making payments, but the consequences can be severe, including a hit to your credit score and exclusion from future aid and benefits.More than 40 million Americans will have to start making federal student loan payments again at the end of the summer under the terms of a debt ceiling deal approved by Congress.Millions are also waiting to find out whether the Supreme Court will allow President Joe Biden’s student loan forgiveness plan to go ahead. But payments will resume regardless of what justices decide.That means tough decisions for many borrowers, especially those in already-difficult financial situations.Experts say that delinquency and bankruptcy should be options of last resort, and that deferment and forbearance — which pause payments, though interest may continue to accrue — are often better in the short term.WHAT HAPPENS IF I D...

Indigenous community wins, then loses, path to reclaim ancestral rainforest land in Peru

Published Wed, 26 Feb 2025 08:40:38 GMT

A landmark ruling that an Indigenous community in the Peruvian Amazon could reclaim ancestral rainforests has been set aside by an appeals court in a move some legal experts called irregular.Kichwa tribes lived in the area of Cordillera Azul National Park for centuries before the park was founded in 2001 in what the Kichwa say was theft of their land. Major companies such as Shell and TotalEnergies have spent more than $80 million since then buying credits in the park to counter their carbon emissions.That money hasn’t helped the Puerto Franco community of Kichwa, who fell into food poverty after losing free access to hunt, fish and gather in the park area. The community celebrated a dramatic legal victory in April, when Judge Simona del Socorro Torres Sánchez ruled that creating the park without their consent had violated their rights. She ordered authorities to begin granting them title to the land, to ensure they benefit from conservation activities in the park and particip...

Anterix: Fiscal Q4 Earnings Snapshot

Published Wed, 26 Feb 2025 08:40:38 GMT

WOODLAND PARK, N.J. (AP) — WOODLAND PARK, N.J. (AP) — Anterix Inc. (ATEX) on Wednesday reported fiscal fourth-quarter net income of $15.5 million, after reporting a loss in the same period a year earlier.The Woodland Park, New Jersey-based company said it had profit of 82 cents per share. Losses, adjusted for non-recurring gains, were 40 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.The wireless communications company posted revenue of $608,000 in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $901,000.For the year, the company reported that its loss narrowed to $16.3 million, or 87 cents per share. Revenue was reported as $1.9 million.Anterix shares have increased slightly more than 2% since the beginning of the year. The stock has fallen 21% in the last 12 months._____This story was generated by Automated Insi...

Real Madrid completes signing of Bellingham, describing him as one of soccer’s ‘biggest talents’

Published Wed, 26 Feb 2025 08:40:38 GMT

MANCHESTER, England (AP) — Describing him as one of the “biggest talents in world football” Real Madrid on Wednesday confirmed the signing of England midfielder Jude Bellingham from Borussia Dortmund. At 19, Bellingham had already established himself among the most sought-after players in soccer, with Manchester United, Manchester City, Liverpool and Paris Saint-Germain among his admirers. But he has chosen to join 14-time European champion Madrid on a six-year contract. ″Thank you everyone associated with BVB and the fans for everything over the last three years,” Bellingham said in a statement on Dortmund’s website. “It was an honor to wear your jersey so many times whether it was in the high or low moments. “While I’m happy about my next destination I will never forget the journey I went on to get there.″ Madrid did not confirm the transfer fee, but Dortmund said in a statement to the stock exchange last week that it could reach more than $139 million.The ...

2 adults killed, 3 minors injured in bus rollover in Larimer County

Published Wed, 26 Feb 2025 08:40:38 GMT

DENVER (KDVR) — Two adults were killed when a bus rolled off Pingree Park Road late Tuesday night.A total of five people, including three minors, were on the bus in Larimer County when the vehicle drifted off the roadway and rolled approximately 400 feet down the hill, according to Colorado State Patrol. When emergency crews arrived on scene, they confirmed the 47-year-old male driver and a female passenger died.CSP did not provide an update on the minors' injuries, they last reported that one minor was airlifted to a local hospital. The other two children had "varying levels of injuries" according to Poudre Fire. 2 killed in road rage shooting on I-25 FOX31's Nicole Fierro learned the bus was a school bus converted into a camper, and the children on board had varying levels of injury.The crash was reported around 8:30 p.m. to Larimer County dispatchers, according to the sheriff's office, which described the area as "challenging terrain." Pingree Park Road was closed at state Hig...

Driver wanted in Broadway hit-and-run found

Published Wed, 26 Feb 2025 08:40:38 GMT

DENVER (KDVR) — Update 6:41 p.m. The vehicle was found, but no further information was released.Original story: A person in a stolen car allegedly struck a pedestrian on Broadway leaving them with serious injuries before fleeing the scene. Just after 10 p.m. Monday, Denver Police tweeted that they were investigating a hit-and-run crash at 4th Avenue and Broadway. 11 people shot downtown after Denver Nuggets win NBA Finals DPD said a driver in a stolen 2004 Acura TL allegedly hit a pedestrian and then fled the scene. The pedestrian was taken to a local hospital with serious injuries.NOT PHOTO OF ACTUAL VEHICLE. Denver Police are looking for a similar white 2004 Acura TL that was allegedly involved in a hit-and-run at 4th and Broadway. (CBI)A Medina Alert has been issued for the car. It is described as:2004 Acura TL four-door sedanWhite in colorHas Colorado license plate CFHC16Has possible damage to the front passenger side DPD said the vehicle was reported stolen on June 11.The ca...

Ex-NSA employee gets 14 days in jail for storming Capitol with members of white nationalist movement

Published Wed, 26 Feb 2025 08:40:38 GMT

A former National Security Agency employee has been sentenced to two weeks of imprisonment for storming the U.S. Capitol along with associates described by authorities as fellow followers of a white nationalist movement.Federal prosecutors had recommended 30 days of imprisonment for Paul Lovley, who lived in Halethorpe, Maryland. Lovley, 24, worked as an information technology specialist for the NSA before riot on the Jan. 6, 2021, according to prosecutors.NSA spokesperson Cameron Potts referred questions about Lovley and his employment to the Justice Department, which did not elaborate in court filings on the nature of his work for the government.U.S. District Judge Colleen Kollar-Kotelly sentenced Lovley on Tuesday to 14 days behind bars, to be served over the course of seven weekends, along with three years of probation, according to a spokesperson for the U.S. Attorney’s Office for the District of Columbia.Lovley pleaded guilty in February to parading, demonstrating or pic...

Anita Baker drops Babyface from tour after Twitter dispute

Published Wed, 26 Feb 2025 08:40:38 GMT

(CNN) — Anita Baker is continuing her tour solo after she accused supporters of fellow singer and songwriter Babyface of bullying her online.She announced the news on Twitter Tuesday.“After Silently, Enduring Cyber Bulling/Verbal Abuse & Threats of Violence from the Fan Base, of Our Special Guest/Support Act,” she tweeted. “In the Interest of Personal Safety. I will continue, The Songstress Tour, alone. Appropriate refunds will be made. Blessings.”Babyface responded on his own social media accounts, writing ,”I am saddened by the news that Anita Baker has decided to remove me from ‘The Songtress Tour.’”“It’s unfortunate and disheartening to see how things have played out via social media,” he wrote. “While I was looking forward to the rest of the dates , I have nothing but love & respect for Anita and I wish her the best for the remainder of her tour.”The dispute started on May 10, when Babyface was set to be a surprise guest on tour with Baker and he tweeted an apology to c...

Nottingham ‘shaken beyond belief’ by knife-and-van attack as victims named

Published Wed, 26 Feb 2025 08:40:38 GMT

U.K. Home Secretary Suella Braverman said the people of Nottingham “will be shaken beyond belief” as police continue to probe an attack that left three people dead and another in a critical condition.Three victims of Tuesday’s incident — which saw a 31-year-old man arrested on suspicion of murder in the East Midlands city — have now been named. Braverman told MPs that Nottinghamshire Police continue to keep an “open mind” with support from counter-terror police.“This does not mean that it is currently being treated as a terrorist attack,” she stressed.A major incident was declared in Nottingham on Tuesday morning after a man attacked two students with a knife on Ilkeston Road, which leads into the city center.Both victims were found unresponsive when police arrived on the scene, according to the force, which said a man matching the description of the suspect then attempted to gain entry to a homeless hostel elsewhere in Nottingham.Police bel...