Technology

Wall Street Must Save the World from ESG and Climate Totalitarianism with a Net Zero 2030 Exit Plan

Published

2 hours ago

October 4, 2024

Environment, social, governance (ESG) investing threatens to crater the global financial system according to a former Wall Street analyst, says Friends of Science Society, referencing Paul Tice’s book. Mark Carney, architect of GFANZ and shepherd of much of the financial systems’ focus on Net Zero, pushes for climate-aligned finance in Canada, a policy Tice claims will lead to societal disaster.

CALGARY, AB, Oct. 4, 2024 /PRNewswire-PRWeb/ — In an op-ed published in The Hill on Sept. 28, 2024, former Wall Street analyst, Paul Tice, advises “Where Europe Leads on Climate, the United States Should Not Follow,” a view supported by Friends of Science Society. By contrast, in Canada, Mark Carney, former governor of the Bank of England and Bank of Canada, and UN Special Envoy on Climate Action and Finance, is pushing for climate-aligned finance, claiming Canada to be a ‘laggard’ to the EU in this regard. In Mark Carney’s May 8, 2024, testimony to the Canadian Senate hearings on a bill to advance ‘climate-aligned finance’ he argued that the energy ‘transition risk’ is as much a challenge as that of climate risk. Carney claims Canada will be left behind as the rest of the world goes clean and green.

Since embarking on its Climate Action Plan 2050 in 2016, Germany, the largest economy in Europe, has gone from the growth engine of the E.U. bloc to the “sick man of Europe.” Climate-driven energy policy has led to a downward spiral of deindustrialization and degrowth.

However, the latest International Energy Agency World Energy Investment Report shows there is no transition in progress over the past 9 years since the Paris Agreement, says Friends of Science Society.

According to that report, over the period 2015 to 2024 the countries of the world invested:
USD 25.4 trillion on energy
USD 11.1 trillion on fossil fuels (i.e. oil, natural gas and coal)
USD 14.3 trillion on all non-fossil fuel energy sources (which the IEA calls “clean energy”)
USD 4.9 trillion on renewable energy (i.e. wind, solar and biomass)

Yet fossil fuels continue to supply 81% of global primary energy demand and renewable energy supplies only 7% of global primary energy demand and most of that is met by biomass.

Despite the efforts of many governments to dampen investment in fossil fuels, in 2024 it totalled USD 1,116 billion, slightly below what it was in 2016 (USD 1,145 billion).

While Mark Carney’s Senate testimony argues for Bill S-243, climate-aligned finance, through which the financial community must throttle investment to the conventional energy sector, force climate disclosures and Scope 1, 2, 3, reporting, Paul Tice’s report argues that such policies will create a real systemic risk citing Germany’s disastrous decline as a warning. “Since embarking on its Climate Action Plan 2050 in 2016, Germany, the largest economy in Europe, has gone from the growth engine of the E.U. bloc to the “sick man of Europe.” Climate-driven energy policy has led to a downward spiral of deindustrialization and degrowth.”

In Paul Tice’s book, “The Race to Zero: How ESG will Crater the Global Financial System,” he denounces the UNPRI and World Economic Forum (WEF) as influencing governments on ESG, Net Zero, climate reporting, and climate catastrophe ideology which he says is skewing and manipulating investment markets. This is similar to the Friends of Science Society’s conclusion in its 2016 report “Undue Influence – Markets Skewed.” The companion video to that report noted that Mark Carney’s Sept. 29, 2015 speech, “Breaking the Tragedy of the Horizon” to Lloyd’s of London, was fact-checked and found to be a ‘failure of analysis’ – according to Steve Kopits of Princeton Energy Advisors, published at the time on Watts Up With That?

Friends of Science Society published “Getting to Net Zero,” an analysis of the plans of the Canadian Energy Regulator and the Canadian Centre for Policy Alternatives. The upshot is that Net Zero efforts will cause degrowth, deindustrialization and energy deprivation for citizens. A video explainer shows that tax-subsidized environmental ‘charities’ are influencing climate policy outside democratic norms.

Paul Tice calls for Wall Street to resist the climate encroachments, take on climate activist groups, and create an exit strategy from the Net Zero 2030 climate ideology. He notes that “Defunding and defrocking these activist groups would do much to relieve the ESG pressure on Wall Street.”

About
Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 22nd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).
Friends of Science Society
PO Box 61172 RPO Kensington
Calgary AB T2N 4S6
Canada
Toll-free Telephone: 1-888-789-9597
Web: friendsofscience.org
E-mail: contact(at)friendsofscience(dot)org
Web: climatechange101.ca

Media Contact

Michelle Stirling, Friends of Science Society, 8887899597, media@friendsofscience.org, https://friendsofscience.org/

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SOURCE Friends of Science Society

Technology

Prime Securities Forays into Wealth Management

Published

58 mins ago

October 4, 2024

MUMBAI, India, Oct. 4, 2024 /PRNewswire/ — Prime Securities Ltd. (PSL https://primesec.com/ ), a SEBI registered Category-I Merchant Banker, is expanding its reach within the financial services sector by entering the wealth management business through its wholly-owned subsidiary, Prime Trigen Wealth Ltd. (PTWL). This strategic move aims to tap into new growth opportunities with significant scalability potential.

PTWL has roped in industry veterans Mr. Sailesh Balachandran and Mr. Maneesh Kapoor as Executive Director, Founders and Joint-CEO, to take charge of its Wealth Management business. PTWL will initially launch in NCR, Mumbai, Bangalore, and Chennai, with plans to gradually expand its services to the top Tier 1 and Tier 2 wealth destinations across the country.

Sailesh Balachandran, with 24 years of experience in the Banking and Financial Services sector, was previously Managing Director and Head of South India at LGT Wealth India. His past roles have spanned across ICICI Securities Private Wealth and HSBC Bank.

Maneesh Kapoor brings over 24 years of experience in the Banking and Financial Services industry, having served as a Senior Managing Partner at InCred wealth and Business Head for North and East India at LGT Wealth, in his previous roles. His career also includes holding key leadership positions at ICICI Securities Private wealth and ICICI Bank Ltd.

Maneesh and Sailesh’s extensive expertise and proven leadership abilities have consistently driven success and innovation in the industry. They have the experience of building and scaling business and capabilities across India, leading teams that included nearly 70 exceptional private bankers and over $1.5 billion of assets under management.

In a joint statement, Maneesh and Sailesh expressed their excitement about joining PTWL: “We are delighted to be part of the founding team of Prime Trigen Wealth. We keenly look forward to building a comprehensive, high-tech enabled and RM-led wealth management practice dedicated to serving the rapidly growing HNI, Ultra HNI and Family Offices across India. Prime’s entrepreneurial spirit and agility provide the ideal environment for creating a robust wealth business. Furthermore, the synergy with Prime’s full-service investment banking offerings will enable us to deliver unique and unparalleled solutions to our clients.”

Akshay Gupta, Director of Prime Securities, added, “The Wealth Management business will complement our existing services and provide synergistic value to Prime Group’s shareholders. Our clients, both current and new, will benefit from Prime’s decades of expertise in investment banking and corporate and family office advisory, allowing us to offer bespoke solutions in an increasingly crowded wealth management market.”

Prime Securities is a well-respected name in business, corporate, and family business circles, having collaborated with some of India’s most prominent industry leaders as well as new-age entrepreneurs and businesses. The rise of Gen-AI, along with the emergence of wealthy new-age businesses and the growing segments of High-Net-Worth Individuals (HNI) and Ultra High Net Worth Individuals (Ultra HNI), highlights the significant wealth creation occurring in the country. With its extensive capabilities, robust network, and established credentials, Prime Securities recognizes the increasing demand for professional services tailored to India’s wealthy clients and is strategically positioned to capitalize on this market opportunity.

About Prime Securities Limited (NSE: PRIMESECU) (BSE: 500337)

Prime Securities Limited (“Prime”) is a SEBI registered Category-I Merchant Banker since almost 3 decades. Prime is among the top pure play Investment Banking (IB) outfits in India. Prime offers wide and diverse service offering that includes facilitating equity and debt capital, M&A advisory, QIPs, debt syndication, structured credit, restructurings & resolutions, rights issues, buybacks, open offers, delisting, etc. Prime is listed on BSE Limited and National Stock Exchange of India Limited since 1995.

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Technology

Vieworks to Showcase VT Sense Series at VISION 2024

Published

58 mins ago

October 4, 2024

ANYANG, South Korea, Oct. 4, 2024 /PRNewswire/ — Vieworks, a leading manufacturer of industrial cameras, is set to introduce its latest innovations at VISION 2024 in Stuttgart, Germany (booth 10E30, October 8th – 10th). Vieworks will showcase a broad selection of industrial cameras and lenses, including the highly anticipated VT Sense Series.

As a pioneer in industrial cameras, Vieworks will present a wide range of area scan cameras, with resolution from 0.4 megapixel to 1152 megapixels. The latest VZ Series is a family of compact cameras with GigE and USB 3.0 interfaces, ideal for automated inspection systems across multiple industries.

Among the highlights of Vieworks’ cameras will be the TDI (time delayed integration) line scan cameras, renowned for their exceptional sensitivity achieved through up to 256 stages of integration. Available in M42, M58, M72, and M95 mounts from 2k to 23k resolution, these TDI line scan cameras are suitable for various applications in low-light environments.

At the forefront of the TDI line scan lineup is the latest VT Sense Series, equipped with BSI (back-side illuminated) sensors for even higher sensitivity. This newest series boasts unmatched sensitivity as well as excellent quantum efficiency (QE) and signal-to-noise ratio (SNR). The back-side illuminated VT Sense ensures superior image quality in visible, UV (ultraviolet), and NIR (near-infrared) spectrum.

In addition to the camera lineup, Vieworks will also highlight its VEO Series, a family of industrial lenses codeveloped with Schneider Kreuznach. VEO Series is precisely designed to maximize the performance of Vieworks’ cameras.

“We are more than thrilled to introduce the all-new VT Sense Series at VISION 2024 and hear what our customers have to say. VISION serves as a great opportunity to engage with our partners,” a Vieworks spokesperson remarked. “Our goal for VISION 2024 remains clear: continuing our efforts on being our customers’ vision partner and delivering the vision solution to suit their needs.”

The world’s leading trade fair for machine vision, the two-year cycle VISION anticipates yet another record-breaking attendance in 2024.

About Vieworks Co., Ltd.

With industry-leading technology, Vieworks provides machine vision solutions encompassing industrial cameras, industrial lenses, and machine vision accessories. As your vision partner, Vieworks offers innovative vision and insight for your vision system. For more information, please visit vision.vieworks.com

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SOURCE Vieworks Co., Ltd.

Technology

A23 rolls out India’s Biggest Rummy Festival ahead of the festive season; offers ₹100 crore prize pool

Published

58 mins ago

October 4, 2024

A23– a premier rummy platform offers mega prizes for rummy enthusiasts with a whooping first prize of ₹1 crore

BENGALURU, India, Oct. 4, 2024 /PRNewswire/ — Ushering in the festive season, A23 (Head Digital Works), India’s leading skilled gaming platform with more than 70 million registered users, announced the launch of A23 Rummy Maha Mela, a hundred-day long online rummy extravaganza starting October 5 to January 12, 2025. This mega event is the first of its kind and is slated to be the biggest online rummy celebration this festive season, offering an array of exciting rewards and experiences for rummy enthusiasts across India.

During the A23 Rummy Maha Mela, players can showcase their rummy skills and get the opportunity to compete for luxurious prizes, including a BMW car, XUV700s, Royal Enfield motorcycles, gold coins, iPhones and loads of cash prizes. The A23 Rummy Maha Mela is designed to be the ultimate online rummy festival, featuring a combination of challenges, leaderboards and tournaments where winners will be presented with exciting rewards, cash prizes and much more.

The Maha Mela aims to elevate the gaming experience for every rummy enthusiast by providing high-value rewards that add to the festive cheer.

The A23 Rummy Maha Mela will culminate into an offline mega finale, also considered a highly anticipated event for rummy enthusiasts. Top 36 finalists from the online competitions will get an opportunity to compete in an offline format at an exotic location, to be revealed soon. The offline finale is scheduled to take place after January 12, 2025, and promises to be an exciting culmination of the festival, bringing together the top rummy players from across the country.

Commenting on the mega event, Deepak Gullapalli, Founder & CEO, A23 (Head Digital Works), said, “We’ve witnessed a growing popularity of online rummy in India. The festive season is the perfect time to bring in cheer to families across India and for us, A23 Rummy Maha Mela is not only an occasion to celebrate our loyal customer base but also rummy enthusiasts and the A23 family at large. Through this festival, players can showcase their rummy skills and celebrate all through the festive season with mega wins. The mela is designed to celebrate the spirit of rummy and offer unparalleled rewards and experiences to players. This, coupled with A23 being a trusted rummy platform is sure to set a new benchmark in the online gaming industry.”

Along with the Rummy Maha Mela, the premier rummy platform will also be kicking off multiple video campaigns to capture the attention of rummy aficionados. Customers can keep a tab on the offers available through A23’s official app, website and social media handles.

About Head Digital Works

Head Digital Works is India’s oldest online skill-gaming company that develops and operates platforms like A23 Rummy, A23 Poker and Cricket.com. A23 has over 70 million registered users across India and is the first-ever website to launch the classical Indian Rummy. A23 is on a mission to promote Rummy as a professional game and create a community of skilled gamers.

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