Kennedys adopts science-backed plan for net zero by 2040

Kate Hursthouse

Global law firm Kennedys has set out a science-backed plan to achieve net zero by 2040. The firm — which has 48 offices, including in Dublin and Belfast — is committed to reducing its global Scope 1, 2 and 3 greenhouse gas (GHG) emissions by 90 per cent from the 2040 fiscal year, using the 2020 fiscal year as a baseline. The remaining 10 per cent of emissions, also known as residual emissions, will be offset through carbon removal projects. This net zero target has now been validated by the Science Based Targets initiative (SBTi). SBTi previously validated the firm’s near-term emissions reduction commitment, under which it is committed to reducing Scope 1 and 2 emissions by 70 per cent and Scope 3 emissions by 28 per cent by the 2030 fiscal year. Between the 2020 and 2024 fiscal years, the firm has achieved a 26 per cent reduction in combined Scope 1 and 2 emissions, driven by over a third of offices globally procuring renewable energy.   Kennedys intends to procure electricity by renewable means across all its global offices by 2030; revise its business travel policy to align with sustainability goals; engage with suppliers to understand their environmental ambitions, and encourage them to set their own emission reduction targets; and educate employees through initiatives including an annual Climate Action campaign, online e-learning and a workshop for senior leaders. The firm will provide updates on its progress in its annual responsible business report, the 2023-2024 edition of which has just been published. Kate Hursthouse, head of responsible business at Kennedys, said: “Choosing a net zero target year of FY2040 was ambitious, but we knew it was achievable. This is a significant milestone for the firm and has been more than two years in the making. “As a firm, we wholeheartedly recognise that we have a responsibility to play our part in limiting climate change, and we are committed to taking meaningful action. The launch of our responsible business report further reinforces our focus on integrating sustainable and responsible practices into the heart of how we do business.”

Mad about Science: Carbon neutral fuel

By Brenden BobbyReader Columnist
Matter can be neither created nor destroyed. So what happens when you pour $100 worth of fuel into your car’s tank, only for it to be empty in a week and a half? Where did it go?
Using up fuel in your car isn’t just deleting it from existence. The process of an internal combustion engine utilizes energy generated from applying heat to a volatile chemical (gasoline or diesel) to trigger a reaction that will split the fuel into its baser components, creating energy for the moving parts of your engine in the process. That energy transfer is then directed throughout the vehicle to make it move.
The baser chemicals are generally light enough to go from liquid to gaseous form and become a part of the atmosphere. There are an estimated 1.5 billion vehicles in the world, leading to a lot of waste products in the atmosphere.
Atmospheric carbon has a powerful insulating effect called the greenhouse effect. Essentially, carbon lets light in, but it doesn’t like to let heat back out after the light has impacted a surface and produced heat energy. The closest approximation is the acrylic panels of a greenhouse, which allow light in and trap heat inside, hence the term “greenhouse effect.”
It’s undeniable that we need energy sources to power our daily lives — especially in rural North Idaho — so the idea of saying, “Forget fossil fuels,” is kind of absurd, to say the least. These are things we need to thrive in our modern world, but there are steps that we can take to mitigate the damage we do to our environment.
Synthetic fuels can and have been created to help mitigate climate change, though these fuel sources aren’t a panacea for all climate and energy woes. One of these applications actually requires the environment to have been already altered in order to create the fuel.
The Navy is currently working to deploy processes to create synthetic jet fuel from carbonic acid pulled from the ocean. This requires an energy source that fossil fuels would typically fill. Nimitz class aircraft carriers are equipped with nuclear reactors to keep them powered, and would allow for them to harvest carbon from carbonic acid in seawater. Carbonic acid mostly comes from carbon in the atmosphere as a byproduct of internal combustion engines. The ocean absorbs CO2 from the atmosphere, and the CO2 merges with water to create carbonic acid.
A surplus of carbonic acid has a detrimental effect on the ocean at large by harming fragile organisms such as shellfish and coral, which creates a cascading effect throughout the oceanic ecosystem. Being able to “scrub” seawater and pull fuel from it without adding more waste products to the atmosphere helps mitigate some of the damage done by motorized vehicles, especially in times of peace.
Due to the highly controlled nature of nuclear energy, this solution can’t be widely applied to most ships. However, every little bit helps, and if this turns out to be a profitable endeavor, it could well be applied to specialized ships in the private sector, similar to how plastic collectors have been deployed over the past couple of years.
Microalgae is another form of potentially carbon-neutral fuel. Unlike things like fossil fuels, microalgae lends itself to a huge variety of organic purposes including pharmaceuticals and livestock feed. Crude oil pumped from the ground is the fossilized remains of ancient algal mats, so it’s only logical to explore the utilization of algae as a form of modern fuel.
The premise of how algae can become fuel is relatively simple, even when the extraction process is dense. Essentially, algae is a very basic form of plant life that draws in carbon dioxide and, through photosynthesis, cleaves the molecule into O2 and carbon, spitting out the oxygen as a waste product and keeping the carbon as building blocks to create more algae. We are then able to harvest the carbon as an energy source, applying heat and forcing it to bind with O2 and creating energy in the process.
Algae is extremely efficient at storing carbon compared to most other plant life. It’s also resilient and capable of thriving in a huge variety of environments so long as it has adequate moving water. Under the proper conditions, it can even be stored for hundreds of millions of years either as a carbon sink or a future fuel source, as is the case with oil.
Algae have been responsible for massive climate shifts in the Earth’s distant past. Over 2 billion years ago, a massive surge of cyanobacteria caused the greatest mass extinction the Earth has ever seen. Blue-green algae spread in huge quantities all over the world, absorbing an immense amount of carbon dioxide and spitting out O2 as waste. This completely altered Earth’s atmosphere, changed the planet’s average temperature and laid the foundation for life as we know it to exist on planet Earth. Oxygen was poisonous to most organisms alive at this time, and the rapid growth of O2 in the atmosphere killed most life on the planet with the exception of the cyanobacteria.
Plants are metal, man.
Unfortunately, using algae as fuel will never be a carbon-negative solution as it will always return carbon dioxide to the atmosphere.
Stay curious, 7B.

Slate Crossword: Horror Movie in Which Hugh Grant Mansplains Mormonism (Seven Letters)

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Business Council of B.C. report urges fiscal reform as new government takes shape

VICTORIA — A new report from the Business Council of British Columbia (BCBC) is highlighting what it feels is the pressing need to strengthen B.C.’s public finances.
Coined B.C.’s Deteriorating Fiscal Position: Cause for Concern, the report details record deficits, rising debt levels and repeated credit rating downgrades.
It states B.C. is set to run the largest operating deficit relative to its economy among Canadian provinces in 2024/25, with a projected shortfall of 2.1 per cent of GDP. The deficit, along with significant capital spending, will see taxpayer-supported debt climb to 28.8 per cent of GDP by 2026/27. 
“The cost of servicing provincial debt now consumes an amount equivalent to half of B.C.’s K-12 school education budget,” a release states. “By 2026/27, this burden is projected to cost approximately $600 per British Columbian annually.” 
The report comes after the new NDP cabinet was recently sworn in.
“The new cabinet has a critical opportunity to address these issues head-on,” says David Williams, BCBC’s vice-president of policy. “The choices made by the government will determine whether B.C. can regain a sustainable fiscal footing and secure its economic future.” 
The business council has made several recommendations. They are as follows:

Returning to a balanced budget; 
returning taxpayer-supported debt to no more than 20 per cent of GDP; or 
reducing debt servicing costs to 3-4 per cent of total government expenditures. 

“While B.C. is facing the largest deficit relative to the size of its economy and the fastest-rising debt levels in the country, this is a challenge we can overcome,” says Williams. “Turning around B.C.’s public finances is achievable, but it demands a sharp focus on disciplined spending and fostering economic growth.” 

Business board chair to step down

North East Combined Authority has announced that Lucy Winskell OBE will step down as Chair of the region’s business board.

Before becoming Chair of the Business Board, Lucy spent four years as the Chair of the North East Local Enterprise Partnership. As the Mayoral Combined Authority came into its current form in May this year, Lucy then went on to play a key role in transitioning the LEP into the authority, to ensure that local businesses have a voice on how the region develops.

Prior to that, Lucy spent 24 years as a solicitor, and then a further 12 years as the Pro Vice-Chancellor of Northumberland University. That particular position saw her playing a crucial role in the development of relationships between the University and local government, as well as the culture and business sectors.

Under Lucy’s leadership, the region has benefitted from more alignment on economic priorities, strategic investment, and growth across key sectors.
Looking back on her time as chair of the business board, Lucy said:

“It has been an honour to serve as Chair of the North East Combined Authority’s Business Board and to work alongside such dedicated individuals committed to the growth and prosperity of our region at such a critical time.

“Together, we’ve made remarkable strides in establishing the North East as a centre for innovation and sustainable business growth. I look forward to seeing the Business Board and the wider business community continue to shape our region’s future in the next chapter of this journey.”

As well as Chair of the Business Board, Lucy has been the Lord-Lieutenant of Tyne and Wear since 2022, which sees her as the King’s representative within the County.

Mayor of the North East, Kim McGuinness, also commented:

“Lucy has been a true champion for the North East, and her efforts have strengthened our ability to create opportunities for people across our region. I thank her wholeheartedly and look forward to building on her achievements as we work to make the North East the best place to live, work, and thrive.”

Following Lucy’s final Combined Authority Cabinet meeting on the 26th November – during which a new Business and Economy Board will be discussed – the recruitment process for Lucy’s successor will begin.

Image credit: iStock and North East Combined Authority

Have Scientists Solved Decades-Long Mystery Involving A Submarine And A Creepy Quacking Sound?

Ancient Greek sailors returned home with stories of mermaids and sirens. In the 1960s, a group of submariners returned home from the Southern Ocean with a much odder tale. They had heard the ocean quack.Strange as it might sound, it was not a one-off event and it has even earned itself a quacking name, “bio duck”.AdvertisementTwo decades after submarine personnel first detected the sound, a team of researchers recorded the mysterious phenomenon – four bursts of quack-like noises – while creating a soundscape of the South Fiji Basin. Four years later, in 1986, Ross Chapman from the University of Victoria joined the project. “We discovered that the data contained a gold mine of new information about many kinds of sound in the ocean, including sounds from marine mammals,” he said in a statement. Referring to the strange quacking noise, he explained: “The sound was so repeatable, we couldn’t believe at first that it was biological.” However, after speaking to colleagues based in Australia, they found similar noises had been detected in other spots close to New Zealand and Australia. AdvertisementChapman now believes what the researchers overheard in 1982 was a conversation between sea animals: “Maybe they were talking about dinner, maybe it was parents talking to children, or maybe they were simply commenting on that crazy ship that kept going back and forth towing that long string behind it.”The “crazy ship” he refers to was a vessel decked in an acoustic antenna and hydrophones, equipment that enabled the researchers to work out where exactly the unusual sounds were being made. The results show that there were several “speakers” at any one time, though there were no visual sightings that could confirm the identity of the animal doing the “speaking”. “The most amazing thing was that when one speaker was talking, the others were quiet, as though they were listening,” said Chapman. “Then the first speaker would stop talking and listen to responses from others.”A study published in 2014 suggests the animal responsible for the sound is the Antarctic minke whale. Researchers came to this conclusion after comparing recordings of the “bio-duck” with vocalizations made by this species of baleen whale, finding convincing similarities between the frequency and number of pulses. AdvertisementAs for these new revelations, Chapman presented his findings as part of the virtual 187th Meeting of the Acoustical Society of America, which took place recently. 

Have Scientists Solved Decades-Long Mystery Involving A Submarine And A Creepy Quacking Sound?

Ancient Greek sailors returned home with stories of mermaids and sirens. In the 1960s, a group of submariners returned home from the Southern Ocean with a much odder tale. They had heard the ocean quack.Strange as it might sound, it was not a one-off event and it has even earned itself a quacking name, “bio duck”.AdvertisementTwo decades after submarine personnel first detected the sound, a team of researchers recorded the mysterious phenomenon – four bursts of quack-like noises – while creating a soundscape of the South Fiji Basin. Four years later, in 1986, Ross Chapman from the University of Victoria joined the project. “We discovered that the data contained a gold mine of new information about many kinds of sound in the ocean, including sounds from marine mammals,” he said in a statement. Referring to the strange quacking noise, he explained: “The sound was so repeatable, we couldn’t believe at first that it was biological.” However, after speaking to colleagues based in Australia, they found similar noises had been detected in other spots close to New Zealand and Australia. AdvertisementChapman now believes what the researchers overheard in 1982 was a conversation between sea animals: “Maybe they were talking about dinner, maybe it was parents talking to children, or maybe they were simply commenting on that crazy ship that kept going back and forth towing that long string behind it.”The “crazy ship” he refers to was a vessel decked in an acoustic antenna and hydrophones, equipment that enabled the researchers to work out where exactly the unusual sounds were being made. The results show that there were several “speakers” at any one time, though there were no visual sightings that could confirm the identity of the animal doing the “speaking”. “The most amazing thing was that when one speaker was talking, the others were quiet, as though they were listening,” said Chapman. “Then the first speaker would stop talking and listen to responses from others.”A study published in 2014 suggests the animal responsible for the sound is the Antarctic minke whale. Researchers came to this conclusion after comparing recordings of the “bio-duck” with vocalizations made by this species of baleen whale, finding convincing similarities between the frequency and number of pulses. AdvertisementAs for these new revelations, Chapman presented his findings as part of the virtual 187th Meeting of the Acoustical Society of America, which took place recently. 

Business News | Post-Covid Financial Sector Boom: Chandigarh University Students Bag High-Paying Roles in Banking & Finance, 131 Join MNCs, 26 Land Top Govt Bank Jobs

PRNewswireChandigarh [India], November 25: With India’s Banking, Financial Services and Insurance (BFSI) sector witnessing exponential growth post the Covid-19 pandemic, 131 MBA students of Banking and Financial Engineering at Chandigarh University have secured jobs in prestigious banks, finance, insurance and wealth management companies in the past two years (2023 and 2024).Also Read | Fact Check: Has Tom Hanks Left USA for Greece After Donald Trump’s Win in US Presidential Elections 2024? Here’s Truth Behind the Viral ‘News’!.While 58 students of Master of Business Administration (Banking and Financial Engineering) were placed in top Banking, Financial Services and Insurance companies in 2023, the number went further up in 2024 with 73 MBA students landing finance related jobs in top banks, finance, insurance, wealth management, Fintech, Edtech, FMCG and Healthcare companies.Likewise, the number of companies who offered jobs to MBA students of Chandigarh University, ranked number 1 private university in India, went up from 59 in 2023 to 73 in 2024.Also Read | PAK vs ZIM Dream11 Prediction, 2nd ODI 2024: Tips and Suggestions To Pick Best Winning Fantasy Playing XI Team for Pakistan vs Zimbabwe Match in Bulawayo.As many as 25 Chandigarh University MBA students have joined top private banks, including Federal Bank, South Indian Bank, HDFC, ICICI Bank, HSBC, Axis Bank and Ujjivan Small Finance Bank (USFB) Limited, on top posts including Probationary Officer, Manager, Deputy Manager, Assistant Manager, Credit Officer and Branch Relationship Officer, in 2023 and 2024.The top packages in 2023 and 2024 were offered by Federal Bank (Rs 14.13 lakh), South Indian Bank (Rs 12 lakh), Ujjivan Small Finance Bank (USFB) Limited (Rs 11.25 lakh), Growth Arrow LLP (Rs 11 lakh), Skolar ( Rs 9 lakh), Axis Bank (Rs 9.8 lakh), Reliance Mobility BP Ltd (Rs 9 lakh), Byjus (Rs 8 lakh) and Godrej (Rs 8 lakh).The top insurance companies which offered jobs to Chandigarh University included HDFC Life Insurance, Bajaj Allianz General Insurance Co. Ltd, PolicyBazaar and Girnar Insurance Brokers Private Ltd.The top finance and wealth management companies which offered jobs to Chandigarh University MBA students (Banking and Financial Engineering) included SBICAP Ventures, Growth Arrow LLP, Bharat Financial Inclusion Limited and Corpwell Capital.The top Edtech companies which offered jobs to Chandigarh University students included Byjus, Aakash, Skolar, Tutornet, Skolar and CollegeDekho.comCongratulating MBA students on securing top positions in the banking and finance sector, Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor, Satnam Singh Sandhu, said, “The University’s MBA in Banking and Financial Engineering program, developed in collaboration with SBI and Tally, equips students for leadership roles in the industry.”He said that Chandigarh University’s MBA program integrates business administration principles with a focus on the banking sector and financial engineering, combining specialised knowledge in banking and finance with strong quantitative skills.”Chandigarh University’s MBA in Banking and Financial Engineering program prepares graduates for key leadership positions by offering a comprehensive curriculum that covers financial management, investment analysis, risk management, financial modelling, banking operations, and strategic decision-making. In addition to a relevant industry-driven curriculum delivered by experienced faculty, the program also offers hands-on learning opportunities, guest lectures, and industry networking. We also provide strong internship and placement support to ensure our students are well-prepared for successful careers,” Sandhu added.Chandigarh University Students Excel in Government Bank Recruitment, 16 Land Probationary Officers Among 26 Selected for High Paying Top Positions As Chandigarh University has been actively preparing students, aspiring for government job opportunities, for cracking competitive recruitment exams, the university’s 26 graduates have also secured jobs in prestigious banks in the government sector. These include 16 students, trained under skill development programmes of the varsity in addition to their primary field of study, who have joined top public sector banks as Probationary Officers (POs).While eight Chandigarh University students joined as officers in the government sector banks including State Bank of India, Union Bank of India, Punjab National Bank Canara Bank in 2023, six CU students joined various banks at manager level posts in 2022.Before this, 12 Chandigarh University students joined various government banks as POs, assistant managers and other posts after cracking the highly competitive banking recruitment examinations between 2017 and 2021.In all, 75 students of Chandigarh University have secured government jobs since 2016 in various fields including defence, police forces, banking, Indian Railway and various departments of the Union and State governments.This is in addition to a noticeable number of students of Chandigarh University getting placed, significantly inclined from 4690 in 2015 to an impressive 9124 in 2023 with a breakthrough training curriculum and a burgeoning placement ratio.Chandigarh University Chancellor, Satnam Singh Sandhu, said, “Besides providing world class education, Chandigarh University provides world-class employability training programs to help students better connect their academic and career aspirations to achieve positive outcomes.””At Chandigarh University we provide education-to-career coaching to help students in securing their dream jobs and launch promising careers,” he added.Besides facilitating coaching for civil services including the Indian Administrative Services (IAS) and the Combined Graduate Level (CGL) examination conducted by the Staff Selection Commission (SSC), DCPD facilitates courses for Banking PO offline and online coaching (180 hours) which includes five sessions of 90 minutes each per week.Strengthening students’ ability to make informed choices, follow through on their plans, and achieve their goals, Chandigarh University’s Department of Career Planning and Development (DPCD), guides students in developing their personality, right from the start when they set foot in the CU campus.About Chandigarh UniversityChandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.Website address: https://www.cuchd.in/Photo: https://mma.prnewswire.com/media/2566566/MBA_Students_CU.jpg(ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same)(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)