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IDF: Sirens sounded in southern Israel after Yemen fired a missile for the second time today. The missile was intercepted before it entered Israeli territory.On January 18, the Financial Times reported, citing people familiar with the matter, that Commerzbank is considering laying off thousands of employees to fend off the strong stake of Italys UniCredit Group. Two people familiar with the matter said the plans have not yet been formalized and are expected to be announced to the workers committee in the coming weeks. A person familiar with the negotiations said the figure could be in the low range of "thousands." The report said that after approaching UniCredit Group, the German bank is under pressure to cut costs and improve returns. Bettina Orlopp, the new CEO of Commerzbank, will submit an updated strategy on February 13 to show that the bank can improve profitability and pay dividends to shareholders on its own. Earlier reports said that UniCredit Group suddenly took a stake in Commerzbank and could become the largest shareholder of Commerzbank if it obtains regulatory approval. Andrea Orcel, CEO of UniCredit Group, has made no secret of his ambitions for Commerzbank, including a full acquisition of the German competitor.On January 18, local time, the Houthi armed forces in Yemen issued a statement announcing that they had launched a military operation that day, using the "Zolfagar" ballistic missile to accurately strike the Israeli Ministry of Defense in Tel Aviv, and had successfully hit the target. In response, Israel has not yet responded. Earlier, the Israeli military said on the 18th that after a ballistic missile was launched from Yemen, air defense alarms sounded at Ben Gurion International Airport and other places. The Israeli military is investigating this.A spokesman for the Yemeni Houthi armed forces: They will coordinate closely with Palestinian resistance organizations to respond to any Israeli actions that violate the Gaza ceasefire agreement.According to the Financial Times: Commerzbank is considering cutting thousands of jobs to fend off a strong stake from Italys United New Low Group.

Low-yielding US Oil Wells Emit Half of Methane, Survey Says

Charlie Brooks

Apr 21, 2022 09:26

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Methane is the second most significant contributor to climate change, behind carbon dioxide.


Environmental organizations criticized the proposed regulation because it required corporations to monitor just major well sites spewing an estimated three tons of methane per year or more, which the government said accounted for 86 percent of leaks.


Marginal wells produce fewer than 15 barrels of oil equivalent per day and release methane at a rate six to twelve times that of the national average, the research said. This is comparable to losing 10% of their gas into the atmosphere.


It demonstrates how, by exempting those wells from regulation, the EPA would be oblivious to a massive source of methane.


"The methane impact of these little wells is huge and cannot be disregarded," said Mark Omara, co-author of the research and an environmental scientist with the Environmental Defense Fund.


According to EPA spokesman Nick Conger, the agency received the report's information during the public comment period on the November proposal.


"We are taking it into account, as well as all other comments received, as we create a supplementary proposal that the Agency anticipates issuing later this year," he said in an e-mailed statement.


The oil and gas industry lobbied the EPA to exempt smaller wells from the regulations, citing the sheer volume of such wells and the associated costs of monitoring and repair.


Field observations revealed that "negligence and degradation" of equipment was the predominant source of methane emissions at low-production well sites, indicating that they might be prevented with more regular monitoring and site inspections, the research said.


The proposed EPA methane rule would be the first to control methane emitted by existing oil and gas operations, requiring oil and gas firms to periodically check and fix methane leaks at 300,000 of their largest well sites and other equipment.