Governor Hochul and Labor Leaders Announce New York State Pays Off Multi-Billion Dollar Unemployment Insurance Trust Fund Debt

Assemblymember Jon D. Rivera said, “This year’s budget delivers a long-overdue win for both workers and businesses. By fully paying off our $7 billion unemployment insurance debt, we’re lifting an unfair burden that has strained New York’s employers for years. Simultaneously, we’re finally increasing unemployment benefits for the first time in six years — providing…

Coalition Aims to Help NOCs Integrate Methane Reduction in Debt Financing

A coalition of financial, technical and environmental partners has launched a framework that aims to help investors, lenders, and oil and gas companies integrate methane and flaring performance into debt financing. The Methane Finance Working Group, an initiative launched at COP28 in 2023, released guidance to “deliver and deploy market-tested finance mechanisms that facilitate decarbonization…

Lindsey Oil Refinery Enters Liquidation

– Advertisement – One of the UK’s major oil refineries has gone into liquidation, putting more than 400 jobs directly at risk and sparking concerns over fuel security. Lindsey Oil Refinery in Killingholme, Lincolnshire, which employs around 440 workers, has been forced to shut down after its parent company entered liquidation following mounting financial losses.…