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Time is right for nuclear renaissanceTORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ ) OFSTF M2Q (" Carbon Streaming " or the " Company ") is pleased to announce the appointment of Mr. Marin Katusa as Chief Executive Officer (" CEO "), effective November 25, 2024. Mr. Katusa's appointment follows a lengthy search that considered both internal and external candidates. Mr. Katusa will succeed Mr. Christian Milau as part of the planned transition from his role as Interim CEO. Mr. Milau will step down as interim CEO on the same date but remain employed by the Company to facilitate a transition until the end of his contract on November 30, 2024. Mr. Milau will also step down from the Company's board of directors (the " Board ") effective November 30, 2024. Mr. Katusa is one of the largest shareholders of Carbon Streaming and has extensive experience in the industry. Mr. Katusa has elected not to receive any form of salary or incentive compensation as full-time CEO other than a nominal $1 per annum. Continuing as directors are Olivier P. Garret (Chair), Alice Schroeder, Marcel de Groot, and Jeanne Usonis. "I am pleased to have Marin Katusa accept the role as CEO of Carbon Streaming. He will bring his extensive experience and business acumen to help restructure Carbon Streaming and to maximize shareholder and stakeholder value," said Mr. Garret. Mr. Katusa stated, "In my opinion, the current portfolio of Carbon Streaming requires further restructuring, and all avenues will be utilized in order to maximize the shareholder and stakeholder value. I have waived any rights to compensation as CEO of the Company because of my commitment to reduce costs and optimize value." The Board would like to thank Christian Milau for his service to the Company and wishes him well in his future endeavours. Mr. Katusa has been a successful Canadian business executive, investor and financier in the resource and environmental sector for over two decades. Mr. Katusa is the author of two best selling books, including the 2021 #1 Best Seller, ‘The Rise of America'. About Carbon Streaming Carbon Streaming aims to accelerate a net-zero future. We pioneered the use of streaming transactions, a proven and flexible funding model, to scale carbon credit projects. The Company's focus is on projects that generate high-quality carbon credits and have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential. This approach aligns our strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability and positions us as a trusted source for buyers seeking high-quality carbon credits. The Company has carbon credit streams and royalties related to over 15 projects around the world, including removal, reduction and avoidance projects from nature-based, agricultural, engineered and community-based methodologies. To receive corporate updates via e-mail, please subscribe here . ON BEHALF OF THE COMPANY: Christian Milau, Interim Chief Executive Officer Tel: 647.846.7765 info@carbonstreaming.com www.carbonstreaming.com Investor Relations investors@carbonstreaming.com Media media@carbonstreaming.com Cautionary Statement Regarding Forward-Looking Information This news release contains certain forward-looking statements and forward-looking information (collectively, " forward-looking information ") within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking information, including, without limitation, statements regarding the expected execution of Carbon Streaming's CEO succession plan, including process, timing and outcomes; the resignation of Mr. Milau from the Board and the timing thereof; the anticipated impact of changes to the Company's Board and management; and the restructuring opportunities of the Company and potential strategies thereof. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking information. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Forward-looking information should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. Factors that could cause actual results or events to differ materially from current expectations include, among other things: general economic, market and business conditions and global financial conditions, including fluctuations in interest rates, foreign exchange rates and stock market volatility; volatility in prices of carbon credits and demand for carbon credits; change in social or political views towards climate change, carbon credits and ESG initiatives and subsequent changes in corporate or government policies or regulations and associated changes in demand for carbon credits; risks arising from competition and future acquisition activities; concentration risk; inaccurate estimates of project value, which may impact the ability of the Company to execute on its growth and diversification strategy; dependence upon key management; impact of corporate restructurings; the inability of the Company to optimize cash flows or sufficiently reduce operating expenses; reputational risk; failure or timing delays for projects to be registered, validated and ultimately developed and for emission reductions or removals to be verified and carbon credits issued (and other risks associated with carbon credits standards and registries); foreign operations and political risks including actions by governmental authorities, including changes in or to government regulation, taxation and carbon pricing initiatives; uncertainties and ongoing market developments surrounding the validation and verification requirements of the voluntary and/or compliance markets; due diligence risks, including failure of third parties' reviews, reports and projections to be accurate; dependence on project partners, operators and owners, including failure by such counterparties to make payments or perform their operational or other obligations to the Company in compliance with the terms of contractual arrangements between the Company and such counterparties; failure of projects to generate carbon credits, or natural disasters such as flood or fire which could have a material adverse effect on the ability of any project to generate carbon credits; volatility in the market price of the Company's common shares or warrants; the effect that the issuance of additional securities by the Company could have on the market price of the Company's common shares or warrants; global health crises, such as pandemics and epidemics; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's Annual Information Form dated as of March 27, 2024 filed on SEDAR+ at www.sedarplus.ca . Any forward-looking information speaks only as of the date of this news release. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Johnathan Massie scores 14 off bench to lead North Texas over Houston Christian 62-46
The Bruins’ 4-2 win in Chicago featured some of the old David Pastrnak and Brad Marchand magic, a pleasant enough blast from the past for coach Joe Sacco to keep them together throughout the game and in Friday’s practice at Warrior Ice Arena. But if Sacco is to continue loading up one line with his two best offensive players, then the new second line of Pavel Zacha, Morgan Geekie and Justin Brazeau needs to pull its weight offensively like it did in Chicago when Brazeau assisted on a pair of Geekie goals. One would think that the top line would able to produce at some level, but the Brazeau-Zacha-Geekie trio still has to prove itself. “Secondary scoring is important,” said Sacco on Friday. “For us right now offensively, that was a big boost for us last game. Moving forward here we need that. We just can’t rely on one line or a few players offensively to carry the load. We need that secondary. We got it last game and hopefully that continues.” When the season started, few observers would have pegged the B’s second line to consist of Zacha, Geekie and Brazeau and maybe it won’t last beyond the first periods against the Flyers on Saturday. Who knows? But with the B’s leaning into the heaviness that they have on the roster, the vision is that the unit can grind out production while still holding the opposition’s top line at bay. “With Pav in the middle, they need to be responsible defensively still because they’re going to see some top lines, depending on if its a home game or an away game,” said Sacco of what he believes the line’s identity can be. “But I just see a comfort level. Braz is a guy that can protect pucks down low for them, hang on to pucks below the tops of the circles. I’d like to see a little more possession time from that line. And you have guys who can find the back of the net when they’re confident. Geeks got a couple last game. Pav can get streaky and with Braz I just want to see him being involved in the net front, controlling pucks down low, hanging on to it, creating some more zone time.” After hitting a career-high 17 goals last season, there was hope that Geekie could help make up for the loss of Jake DeBrusk this season. But he got off to a very slow start. Even though he checking well enough to stay on a top line with Zacha and Pastrnak, goals were not coming easily. His two goals in Chicago were just his third and fourth. Both of them were assisted by Brazeau, the first one coming in the midst of a line change before the units were switched and the second came on a nice spring pass. “I feel like I’ve been all around it, just haven’t been able to put one in so it’s nice to get two for sure,” said Geekie. “But a big game (Saturday) and big road trip coming up so we’ll try to keep it going.” Geekie is one player who readily admits he sees and hears everything out there. And with the start he had, he was bound to see some criticism. Last week, someone posted on X (formerly known as Twitter) that not only did Geekie not belong on the first line but that he should be removed from the team make room for one of a younger player. Geekie responded, “Damn bro tell me how you really feel.” All in good fun, sort of. “Twitter’s a place for everyone’s opinion. If they can voice theirs I feel like I can voice mine,” said Geekie. “It is what it is. I guess it’s a little bit of motivation, but nothing too much. I’ve had my fair share of replies back to people and I think lots of people on there think we’re above everybody else but we’re just normal people. I’ve got Twitter, I’ve got Instagram. We see that stuff. It’s something we get to deal with in adversity like that, with comments being made. It’s not something I ever take to heart. It’s pretty lighthearted, the interactions.” Loose pucks Meanwhile, Pastrnak, who has a had a decidedly off year when it come to his bread and butter (goal scoring), appeared to have some of the old joy in his game in Chicago, something that has fueled him in the past. The first goal he assisted on came off a beautiful set play off a faceoff. Lindholm won the draw back to Andrew Peeke, who dished it over to Mason Lohrei at the left point. Pastrnak had circled around the net and back out on the left side to take Lohrei’s feed and make a perfect seam pass to Marchand for the one-timer goal. “It’s been a while since we actually connected and played together,” said Pastrnak. “For me, that changed the game last game. Both lines got going and sometimes that’s what you need.” ... They’ll need more of it in the immediate future. The Flyers have played well enough lately to put themselves in striking distance of a playoff spot and then next week the B’s embark upon of five-game Western Conference swing (Winnipeg, Seattle, Vancouver, Calgary and Edmonton) on which four of the five teams were on a playoff spot as of Friday. The B’s are 6-2 under Sacco but have yet to beat a team inside the playoff bracket, so we’re about to see what this team is actually made of.
Fearne Cotton shares update after getting tumours removedMichigan, Ohio State fight broken up with police pepper spray after Wolverines stun Buckeyes 13-10Party City to close its stores as company files for bankruptcy LOS ANGELES (AP) — Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide. The company said Saturday it has also filed for Chapter 11 bankruptcy protection "to maximize value for the benefit of the company’s stakeholders.” The New Jersey-based retailer said it will keep more than 95% of its 12,000 employees to help with the process of closing down. Customers have flocked to Party City for Halloween costumes, favors for children’s birthday parties and decorations for New Year’s Eve celebrations for nearly 40 years. It has faced growing competition from Walmart and Target and from occasion-based pop-up stores such as Spirit Halloween. A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now? Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check. Most people shouldn't get their hopes up about receiving the cash. The IRS says it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns after missing one of the COVID stimulus payments or receiving less than the full amount. The IRS says most taxpayers eligible for the federal stimulus payments received them. Bluesky finds with growth comes growing pains — and bots Bluesky has seen its user base soar since the U.S. presidential election, boosted by people seeking refuge from Elon Musk’s X, or wanting an alternative to Meta’s Threads and its algorithms. The platform grew out of the company then known as Twitter and was eventually intended to replace it. While this is still very much a pie in the sky, Bluesky’s growth trajectory could make it a serious competitor to other social platforms. With growth, though, comes growing pains. It’s not just human users who’ve been flocking to Bluesky but also bots, including those designed to create partisan division or direct users to junk websites. 'Sonic 3' bests 'Mufasa: The Lion King' at the box office NEW YORK (AP) — In the holiday season battle of big-budget family movies, Paramount Pictures’ “Sonic the Hedgehog 3” sped past the Walt Disney Co.’s “Mufasa: The Lion King” to take the top spot at the box office. The results came just ahead of the lucrative Christmas corridor in theaters. According to studio estimates, “Sonic the Hedgehog 3” debuted with $62 million in ticket sales over the weekend. “Mufasa,” however, was humbled in its opening weekend, coming in notably shy of expectations. It returned just $35 million in domestic ticket sales. Amazon and Starbucks workers are on strike. Trump might have something to do with it Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract. Strikes during busy periods like the holidays can help unions exercise leverage during negotiations or garner support from sympathetic consumers. One expert says he thinks workers at both companies are “desperate” to make progress before President-elect Donald Trump can appoint a Republican majority to the National Labor Relations Board. Workers at Starbucks, Amazon and some other prominent consumer brands are fighting for their first contracts after several locations voted to unionize. Farmers are still reeling months after Hurricane Helene ravaged crops across the South LYONS, Ga. (AP) — Farmers in Georgia are still reeling more than two months after Hurricane Helene blew away cotton, destroyed ripened squash and cucumbers and uprooted pecan trees and timber. Agribusinesses in other Southern states saw costly damage as well. The University of Georgia estimates the September storm inflicted $5.5 billion in direct losses and indirect costs in Georgia alone. In rural Toombs County, Chris Hopkins just finished harvesting his ravaged cotton crop and figures he lost half of it, costing him about $430,000. Poultry grower Jeffrey Pridgen in Georgia's Coffee County had four of his 12 chicken houses destroyed and others badly damaged. Farmers say more government disaster assistance is needed. Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT and later said he believed those practices violated copyright law, has died, according to his parents and San Francisco officials. He was 26. He was well-regarded by colleagues at the San Francisco company, where a co-founder this week called him one of OpenAI’s strongest contributors who was essential to developing some of its products. But he grew disillusioned with the company and told The Associated Press this fall he would “try to testify” in copyright infringement cases against it. Federal Reserve's preferred inflation gauge shows price pressures eased last month WASHINGTON (AP) — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Prices rose just 0.1% from October to November. Excluding the volatile food and energy categories, prices also ticked up just 0.1%, after two months of outsize 0.3% gains. The milder inflation figures arrived two days after Federal Reserve officials, led by Chair Jerome Powell, rocked financial markets by revealing that they now expect to cut their key interest rate just two times in 2025, down from four in their previous estimate. Albania to close TikTok for a year blaming it for promoting violence among children TIRANA, Albania (AP) — Albania’s prime minister says the government will shut down video service TikTok for one year, blaming it for inciting violence and bullying, especially among children. Albanian authorities held 1,300 meetings with teachers and parents following the stabbing death of a teenager in mid-November by another teenager following a quarrel that started on TikTok. Prime Minister Edi Rama, speaking at a meeting with teachers and parents, said TikTok “would be fully closed for all. ... There will be no TikTok in the Republic of Albania.” Rama says the ban will begin sometime next year. Albanian children comprise the largest group of TikTok users in the country, according to domestic researchers. Stock market today: Wall Street rises to turn a dismal week into just a bad one NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%. The Dow Jones Industrial Average jumped nearly 500 points, and the Nasdaq composite gained 1%. A report said a measure of inflation the Federal Reserve likes to use was slightly lower last month than expected. It’s an encouraging signal after the Fed shocked markets Wednesday by saying worries about inflation could keep it from cutting interest rates in 2025 as much as earlier thought.
