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Tag: Waste management

  • Calamos Advisors LLC Sells 26,687 Shares of Waste Management, Inc. (NYSE:WM)

    Calamos Advisors LLC Sells 26,687 Shares of Waste Management, Inc. (NYSE:WM)

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    Calamos Advisors LLC lessened its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 13.3% during the 1st quarter, Holdings Channel reports. The fund owned 174,224 shares of the business services provider’s stock after selling 26,687 shares during the period. Calamos Advisors LLC’s holdings in Waste Management were worth $28,428,000 as of its most recent SEC filing.

    Several other hedge funds and other institutional investors have also bought and sold shares of WM. Acadian Asset Management LLC boosted its position in Waste Management by 534.5% during the 1st quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock valued at $530,000 after acquiring an additional 2,817 shares in the last quarter. Blair William & Co. IL boosted its position in Waste Management by 0.7% during the 1st quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock valued at $8,411,000 after acquiring an additional 370 shares in the last quarter. Baird Financial Group Inc. boosted its position in Waste Management by 0.6% during the 1st quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock valued at $56,842,000 after acquiring an additional 2,309 shares in the last quarter. Covestor Ltd boosted its position in Waste Management by 83.8% during the 1st quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 310 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Waste Management by 44.8% in the 1st quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock worth $5,234,000 after purchasing an additional 10,212 shares in the last quarter. Institutional investors own 78.91% of the company’s stock.

    Analyst Ratings Changes

    WM has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Waste Management in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Stifel Nicolaus upgraded Waste Management from a “hold” rating to a “buy” rating and raised their target price for the stock from $171.00 to $177.00 in a research note on Friday, April 28th. 51job restated a “maintains” rating on shares of Waste Management in a research note on Thursday, April 27th. Morgan Stanley raised their target price on Waste Management from $179.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 6th. Finally, Citigroup reduced their target price on Waste Management from $204.00 to $202.00 in a research note on Thursday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.18.

    Insider Buying and Selling

    In related news, Director John C. Pope sold 198 shares of Waste Management stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $168.40, for a total value of $33,343.20. Following the sale, the director now directly owns 56,147 shares in the company, valued at approximately $9,455,154.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by insiders.

    Waste Management Price Performance

    Shares of Waste Management stock opened at $162.94 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.82 and a debt-to-equity ratio of 2.14. Waste Management, Inc. has a twelve month low of $148.31 and a twelve month high of $175.98. The business has a 50-day moving average price of $166.28 and a 200 day moving average price of $160.75. The firm has a market cap of $66.29 billion, a PE ratio of 29.31, a P/E/G ratio of 2.74 and a beta of 0.73.

    Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.03). Waste Management had a net margin of 11.42% and a return on equity of 33.81%. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. Waste Management’s revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side analysts predict that Waste Management, Inc. will post 5.98 earnings per share for the current fiscal year.

    Waste Management Dividend Announcement

    The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, June 1st. Waste Management’s payout ratio is 50.36%.

    Waste Management Profile

    (Free Report)

    Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

    Further Reading

    Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

    Institutional Ownership by Quarter for Waste Management (NYSE:WM)

    Receive News & Ratings for Waste Management Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Waste Management and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • F5, Logitech, Cadence Design, GE, GM, Microsoft, Alphabet, and More Stock Market Movers

    F5, Logitech, Cadence Design, GE, GM, Microsoft, Alphabet, and More Stock Market Movers

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  • ‘Oppenheimer’ gives stock investors another reason to be bullish about nuclear energy

    ‘Oppenheimer’ gives stock investors another reason to be bullish about nuclear energy

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    One of the hottest movies of the summer is the staggeringly good biopic “Oppenheimer,” about the man who oversaw the frantic race to develop the atomic bomb during World War II. 

    The atom bomb dropped on Hiroshima, Japan on Aug 6, 1945 was a fission-style device. This also happens to be the same basic physics behind nuclear reactors that are in use today. It’s a reminder that technology can be, at its essence, agnostic: Whether it is used for malevolent or benevolent purposes (in nuclear fission’s instance, an instrument of death or clean, carbon-free electricity) depends upon the intent of the user. 

    Fission reactors generate about 10% of the world’s electricity today. The United States gets even more of its electricity this way, about a fifth.

    These percentages are likely to rise as global demand for electricity — and concerns about global warming and climate change — rise. This will present opportunities for long-term oriented investors. The lion’s share of this demand — about 70%, says the Paris-based International Energy Agency (IEA), will come from India, which the United Nations says is now the world’s most populous country, China, and Southeast Asia. Put another way, “the world’s growing demand for electricity is set to accelerate, adding more than double Japan’s current electricity consumption over the next three years,” says Fatih Birol, the IEA’s executive director.

    While fossil fuels remain the dominant source of electricity generation worldwide — the Central Intelligence Agency estimates that it provides about 70% of America’s electricity, 71% of India’s and 62% of China’s, for example—the IEA report says future demand will be met almost exclusively from two sources: renewables and nuclear power. “We are close to a tipping point for power sector emissions,” the IEA says. “Governments now need to enable low-emissions sources to grow even faster and drive down emissions so that the world can ensure secure electricity supplies while reaching climate goals.”

    The Biden administration is a big booster of nuclear energy.

    It’s helpful that the Biden administration is a big booster of nuclear energy, which the White House sees as an integral part of its broader effort to move the U.S. economy away from fossil fuels. The Department of Energy says that the country’s 93 reactors generate more than half of America’s carbon-free electricity. But price pressures from wind, solar and natural gas (which the feds call “relatively clean” even though it emits about 60% of coal’s carbon levels) have putseveral reactors out of business in recent years. 

    The bipartisan infrastructure bill that Biden signed into law in November 2021 includes $6 billion, spread out over several years, for the so-called Civil Nuclear Credit Program, designed to keep reactors — and the high-paying jobs that come with them — running. If a plant were to close, it would “result in an increase in air pollutants because other types of power plants with higher air pollutants typically fill the void left by nuclear facilities,” the administration says. U.S. Energy Secretary Jennifer Granholm has said the Biden administration is “using every tool available” to get the country powered by clean energy by 2035.

    The private sector is beginning to stir. Last week, Maryland-based X-Energy said it would build up to 12 reactors in Central Washington state, for Energy Northwest, a public utility. These wouldn’t be the behemoth-type reactors we’re used to seeing, but “advanced small, nuclear reactors.” X-Energy, which is privately held,  has also been selected by Dow
    DOW,
    -1.40%

    to construct a similar facility in Texas.  

    Other companies are also rolling out new technology to meet demand. Nuclear fusion — a breakthrough in that it creates more energy than the Oppenheimer-era fission model and at a lower cost — is likely to be the basis for reactors in the years ahead; the Washington, D.C.-based Fusion Industry Association thinks the first fusion power plant could come online by 2030. After seven rounds of funding, one fusion company, Seattle-based Helion Energy, is currently valued at around $3.6 billion, and appears headed for a public offering.    

    Here too, the Biden administration is getting involved. In May, the Department of Energy announced $46 million in funding for eight other fusion companies. “We have generated energy by drawing power from the sun above us. Fusion offers the potential to create the power of the sun right here on Earth,” says Granholm.  

    There are several opportunities here for long-term investors. You can pick your way through any number of publicly held companies, including more traditional utilities, or spread your bet across the industry through a handful of exchange-traded funds. The largest of these is the Global X Uranium Fund
    URA,
    +0.78%
    ,
    with about $1.6 billion in assets. It’s up about 9% year-to-date. The VanEck Uranium + Nuclear Energy Fund
    NLR,
    +0.41%

     is up almost 10% and sports a 1.8% dividend yield. These are respectable year-t0-date returns, even though they lag the S&P 500
    SPX,
    +0.32%

    (up close to 19%) by a wide margin. 

    More: Net-zero by 2050: Will it be costly to decarbonize the global economy?

    Also read: Fukushima’s disaster led to a “lost decade” for nuclear markets. Russia, low carbon goals help stage a comeback.

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  • Is it safe to live near recycling centers? Questions surge after Indiana plastics site burns.

    Is it safe to live near recycling centers? Questions surge after Indiana plastics site burns.

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    As the fire at an Indiana plastics-recycling storage facility burned over several days and officials scrambled to calm evacuated residents and measure air quality, larger safety questions emerged across a nation that relies on recycling to help offset the impact of teeming landfills and littered waterways.

    Authorities in the eastern part of the state on Sunday finally lifted a dayslong evacuation order after it was determined immediate environmental concerns related to the fire had passed.

    But the man-made disaster had already done its part, leaving many wondering if recycling centers — challenging to regulate because they range from small community-led efforts to major industrial facilities — are as safe as Americans think they are?

    Public health experts told MarketWatch the nation needs to take a harder look at how we store and dispose of chemicals-heavy plastics in particular, along with other recycled materials that can act as a tinderbox in certain conditions. It may be a wakeup call to the scores of Americans who embrace recycling as one of the longest-tested and straightforward solutions to help the environment. What happens after recyclable materials leave the home can be quite another story, however.

    Read: Recycling is confusing — how to be smarter about all that takeout plastic

    Worker safety in the handling of large recycling machinery remains a priority of the Occupational Safety and Health Administration (OSHA) and other agencies, but less scrutiny may be given to the emissions those workers breathe in, and in the case of the Indiana emergency, what pollution community members near a recycling center may be exposed to.

    “Any company, regardless of its intentions, must be held accountable for regulations, not only for the safety of its employees, but for the communities around it,” Dr. Panagis Galiatsatos, a pulmonologist, who is the national spokesperson for the American Lung Association, told MarketWatch.

    “This [Indiana crisis] is alarming — a good deed [such as recycling] undone by the consequences of not having sound safety precautions,” said Galiatsatos, who is also an assistant professor at the Johns Hopkins School of Medicine and helps lead community engagement for the Baltimore Breathe Center.

    As for the fire in Richmond, Ind., a college town and county seat of about 35,000 people near the Ohio border, the city’s fire chief, Tim Brown, made clear that there were known code violations by the operator of the former factory that had been turned into plastics storage for recycling or resale. This dangerous fire was a matter of “when, not if,” Brown said in the initial hours that the fire, whose origin is not yet known, burned.

    The city of Richmond’s official site about the disaster described the fire as initially impacting “two warehouses containing large amounts of chipped, shredded and bulk recycled plastic, [which] caught fire.” The site does offer cleanup help advice.

    Brown, the fire chief, reported that just over 13 of the 14 acres which made up the recycling facility’s property had burned, according to nearby Dayton, Ohio, station WDTN. Brown told reporters the six buildings at the site of the fire were full of plastic from “floor to ceiling, wall to wall,” along with several full semi-trailers. He said Sunday that fire fighters would continue to monitor for flare-ups, according to the Associated Press.

    Richmond Mayor Dave Snow said the owner of the buildings has ignored citations that dinged his operation for code violations, and the city has continued to go through steps to get the owner to clean up the property, including preventing the operator from taking on additional plastic.

    “We just wish the property owner and the business owner would’ve taken this more serious from day one,” Snow said, according to the report out of Dayton, which cited sister station WXIN. “This person has been negligent and irresponsible, and it’s led to putting a lot of people in danger,” the mayor added.

    But some environmental groups say lax enforcement puts citizens at risk.

    “Indiana is already top in the nation for water and air quality violations, but the consequences are too negligible here for industry to adhere to the laws,” said Susan Thomas, communications director at Just Transition Northwest Indiana, a climate justice group based in the state.

    “We need real solutions to the climate crisis, not more false ones that shield chronic polluters from justice,” she said.

    The Environmental Protection Agency (EPA) had collected debris samples from the Richmond fire and searched nearby grounds for any debris, which will be sampled for asbestos given the age of the buildings housing the recycling facility. Residents have been warned not to touch or mow over debris until the sample results are available. Testing was also carried out on the Ohio side of the border.

    No doubt, the catastrophe had impacted daily life. Wayne County, Ind., health department officials and fire-safety officials told residents to shelter in place and reduce outdoor activity if they even smelled smoke. According to the health department’s help line, symptoms that may be related to breathing smoke include repeated coughing, shortness of breath or difficulty breathing, wheezing, chest tightness or pain, palpitations, nausea or lightheadedness.

    Any safer than a landfill?

    When a lens on recycling is widened, it comes to light that how facilities handle their plastic and other materials may not involve much more care than that given to chemical-emitting plastic left to break down in a landfill, say the concerned public health officials.

    Of the 40 million tons of plastic waste generated in the U.S., only 5%-6%, or about two million tons, is recycled, according to a report conducted by the environmental groups Beyond Plastics and The Last Beach Cleanup. About 85% went to landfills, and 10% was incinerated. The rate of plastic recycling has decreased since 2018, when it was at 8.7%, per the study.

    Generally speaking, when plastic particles break down, they gain new physical and chemical properties, increasing the risk they will have a toxic effect on organisms, says the environmental arm of the United Nations. The larger the number of potentially affected species and ecological functions, the more likely it is that toxic effects will occur.

    And although the conditions of the Indiana fire differ from those experienced earlier this year when a Norfolk Southern Corp.
    NSC,
    +0.30%

    freight train carrying hazardous materials in several cars derailed near East Palestine, Ohio, the public’s concern for that event — which also sparked an evacuation after a chemical plume from a controlled burn — spread widely on social media.

    Now, add in Richmond. The public, at large, is increasingly wondering if officials are doing their job to prevent such disasters, and whether the full extent of chemical exposure is known.

    “This [fire in Indiana] overlaps in a general sense the chemical safety question raised by the Ohio derailment — and it shouldn’t have just been raised by that one event, but that certainly brought it into focus,” said Dr. Peter Orris, chief of occupational and environmental medicine at the University of Illinois – Chicago.

    Orris said lasting solutions pushing awareness and safety around the storage and transportation of chemicals and chemical-based plastic must span political differences over the reach of regulation. He recalled a time just after the 9/11 terror attacks when a fresh look at the transportation of toxic chemicals and the storage and shipment of ammonia and other substances that can have nefarious uses in the wrong hands drew support from unusual partners.

    “Shortly after 9/11 a rather broad coalition, including environmental interests such as Greenpeace, and consumer groups, with congressional support, alongside Homeland Security all pushed a model bill about where and how you could transport toxic chemicals, especially going through populated areas,” he said. “Dealing with new concerns around chemicals and recycling plastic may require the same breadth of interests.”

    Already, the Biden administration has shown the will to target chemical exposure in U.S. water. Earlier this year, the EPA moved to require near-zero levels of perfluoroalkyl and polyfluoroalkyl substances, part of a classification of chemicals known as PFAS, and also called “forever chemicals” due to how long they persist in the environment. Both the chemical companies and their trade groups have pushed their own steps toward reducing risk, they say. Exposure to some of the chemicals has been linked to cancer, liver damage, fertility and thyroid problems, as well as asthma and other health effects.

    Read more: Cancer-linked PFAS — known as ‘forever chemicals’ — could be banned in drinking water for first time

    And, Orris stressed, regulating recycling with a one-size-fits-all approach may not work.

    Surprisingly, it can be the smaller recycling facilities that take bigger steps in curbing emissions than their larger counterparts. Orris in recent years reported on efforts of a San Francisco recycling plant that made emissions reduction a priority, including by banning incineration. The same research trip turned up issues with a Los Angeles-area plant, exposing “real problems with its policies and procedures beginning with the neighborhood smell from organic materials to other issues with toxins.”

    How can plastic be so dangerous?

    Specifically, the chemicals that help fortify plastic for its many uses present their own unique conditions.

    As plastic is heated at high temperatures, melted and reformed into small pellets, it emits toxic chemicals and particulate matter, including volatile gases and fly ash, into the air, which pose threats to health and the local environment, says a Human Rights Watch paper, citing environmental engineering research. When plastic is recycled into pellets for future use, its toxic chemical additives are carried over to the new products. Plus, the recycling process can generate new toxic chemicals, like dioxins, if plastics are not heated at a high enough temperature.

    There are other concerns. Plastic melting facilities can emit volatile organic compounds (VOCs) and carcinogens, which in higher concentrations can pollute air both inside facilities and in areas near recycling facilities.

    “Plastics, the way they burn, put out dangerous toxins. And plastic can create its own unique chemistry even when it comes into interaction with benign chemicals,” said Galiatsatos of Johns Hopkins.

    “There are the lung issues from people breathing in these chemicals and the toxins associated with them. But there is more: systemic inflation from breathing in chemicals, and that can lead to heart disease,” he said.

    “I wish we would pay the same amount of attention to plastics, their recycling and their disposal, as we do with sewer systems. When was the last time we heard of a waste system-based cholera outbreak in the U.S.?” he asked rhetorically. “Exactly. That we care about. Yet plastics, especially the burning of chemicals, we treat too lightly.”

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  • East Palestine derailment: Norfolk Southern sued by Justice Department and EPA

    East Palestine derailment: Norfolk Southern sued by Justice Department and EPA

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    The Justice Department and the Environmental Protection Agency have filed a complaint against Norfolk Southern Corp. for unlawful discharge of pollutants and hazardous substances in the Feb. 3 train derailment in East Palestine, Ohio.

    The complaint seeks penalties and injunctive relief for the unlawful discharge of pollutants, oil and hazardous substances under the Clean Water Act, according to statements released by the Justice Department and the EPA. The Justice Department and EPA are also seeking a declaratory judgment on liability for past and future costs under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).

    Norfolk Southern’s
    NSC,
    +1.51%

    stock has fallen 16.8% since the derailment near the Ohio-Pennsylvania border. The stock is up 0.3% Friday.

    Related: Norfolk Southern will do ‘everything it takes’ for East Palestine, CEO tells senators

    “When a Norfolk Southern train derailed last month in East Palestine, Ohio, it released toxins into the air, soil, and water, endangering the health and safety of people in surrounding communities,” Attorney General Merrick Garland said in a statement. “With this complaint, the Justice Department and the EPA are acting to pursue justice for the residents of East Palestine and ensure that Norfolk Southern carries the financial burden for the harm it has caused and continues to inflict on the community.” 

    In a separate statement, EPA Administrator Michael Regan said: “No community should have to go through what East Palestine residents have faced. With today’s action, we are once more delivering on our commitment to ensure Norfolk Southern cleans up the mess they made and pays for the damage they have inflicted as we work to ensure this community can feel safe at home again.”

    Norfolk Southern has created a website, nsmakingitright.com, to track its progress in cleaning up the site.

    “Our job right now is to make progress every day cleaning up the site, assisting residents whose lives were impacted by the derailment, and investing in the future of East Palestine and the surrounding areas,” a spokesperson for Norfolk Southern told MarketWatch. “We are working with urgency, at the direction of the U.S. EPA, and making daily progress. That remains our focus and we’ll keep working until we make it right.”

    Related: Norfolk Southern sued by Ohio over ‘entirely avoidable’ East Palestine derailment

    More than 9.4 million gallons of affected water have been recovered and transported off-site for final disposal, according to Norfolk Southern, along with 12,904 tons of waste soil that has been removed for proper disposal.

    The company has also flushed 5,200 feet of affected waterways and sampled more than 275 private drinking water wells, according to nsmakingitright.com.

    The suit from the Justice Department and the EPA comes just two weeks after Ohio Attorney General Dave Yost filed a 58-count civil lawsuit against Norfolk Southern over the derailment in East Palestine.

    Now read: Here are the chemicals spilled near Philly as U.S. drinking-water safety is top of mind

    No one was killed or injured in the Ohio derailment, but the incident has been described as a “PR nightmare” for Norfolk Southern and the rail industry. The derailed cars included 11 tank cars carrying hazardous materials that subsequently ignited, damaging an additional 12 railcars, according to the National Transportation Safety Board, and setting off concerns about the impact on air and water quality and dangers to health in the region.

    Earlier this month, Norfolk Southern CEO Alan Shaw was grilled by senators when he provided testimony on the disaster before the Senate Committee on Environment and Public Works.

    While safety was the primary focus of the hearing, Shaw was also pressed on Norfolk Southern’s stock buybacks and the company’s use of precision scheduled railroading, which focuses on the movement of individual train cars rather than whole trains.

    Related: Train derailment in Minnesota thrusts rail safety back into the spotlight

    In his testimony, Shaw vowed to do “everything it takes” for the community affected by the derailment.

    Rail safety was thrust into the spotlight again this week with the derailment of a BNSF train carrying ethanol and corn syrup in Minnesota early Thursday. 

    Everstream Analytics, a supply-chain analytics company, has been researching train derailments involving Class I rail carriers between 2018 and 2023. A Class I carrier is defined as any carrier earning annual revenue greater than $943.9 million, according to the U.S. government’s Surface Transportation Board. Data show that derailments across rail companies increased considerably in the U.S. between 2021 and 2022, according to Everstream Analytics.

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  • Best stock picks for 2023: Here are Wall Street analysts’ most heavily favored choices

    Best stock picks for 2023: Here are Wall Street analysts’ most heavily favored choices

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    Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year.

    But 2023 may bring very different circumstances.

    Below are lists of analysts’ favorite stocks among the benchmark S&P 500
    SPX,
    the S&P 400 Mid Cap Index
    MID
    and the S&P Small Cap 600 Index
    SML
    that are expected to rise the most over the next year. Those lists are followed by a summary of opinions of all 30 stocks in the Dow Jones Industrial Average
    DJIA.

    Stocks rallied on Dec. 13 when the November CPI report showed a much slower inflation pace than economists had expected. Investors were also anticipating the Federal Open Market Committee’s next monetary policy announcement on Dec. 14. The consensus among economists polled by FactSet is for the Federal Reserve to raise the federal funds rate by 0.50% to a target range of 4.50% to 4.75%.

    Read: 5 things to watch when the Fed makes its interest-rate decision

    A 0.50% increase would be a slowdown from the four previous increases of 0.75%. The rate began 2022 in a range of zero to 0.25%, where it had sat since March 2020.

    A pivot for the Fed Reserve and the possibility that the federal funds rate will reach its “terminal” rate (the highest for this cycle) in the near term could set the stage for a broad rally for stocks in 2023.

    Wall Street’s large-cap favorites

    Among the S&P 500, 92 stocks are rated “buy” or the equivalent by at least 75% of analysts working for brokerage firms. That number itself is interesting — at the end of 2021, 93 of the S&P 500 had this distinction. Meanwhile, the S&P 500 has declined 16% in 2022, with all sectors down except for energy, which has risen 53%, and the utilities sector, which his risen 1% (both excluding dividends).

    Here are the 20 stocks in the S&P 500 with at least 75% “buy” or equivalent ratings that analysts expect to rise the most over the next year, based on consensus price targets:

    Company

    Ticker

    Industry

    Closing price – Dec. 12

    Consensus price target

    Implied 12-month upside potential

    Share “buy” ratings

    Price change – 2022 through Dec. 12

    EQT Corp.

    EQT Oil and Gas Production

    $36.91

    $59.70

    62%

    78%

    69%

    Catalent Inc.

    CTLT Pharmaceuticals

    $45.50

    $72.42

    59%

    75%

    -64%

    Amazon.com Inc.

    AMZN Internet Retail

    $90.55

    $136.02

    50%

    91%

    -46%

    Global Payments Inc.

    GPN Misc. Commercial Services

    $99.64

    $147.43

    48%

    75%

    -26%

    Signature Bank

    SBNY Regional Banks

    $122.73

    $180.44

    47%

    78%

    -62%

    Salesforce Inc.

    CRM Software

    $133.11

    $195.59

    47%

    80%

    -48%

    Bio-Rad Laboratories Inc. Class A

    BIO Medical Specialties

    $418.28

    $591.00

    41%

    100%

    -45%

    Zoetis Inc. Class A

    ZTS Pharmaceuticals

    $152.86

    $212.80

    39%

    87%

    -37%

    Delta Air Lines Inc.

    DAL Airlines

    $34.77

    $48.31

    39%

    90%

    -11%

    Diamondback Energy Inc.

    FANG Oil and Gas Production

    $134.21

    $182.33

    36%

    84%

    24%

    Caesars Entertainment Inc

    CZR Casinos/ Gaming

    $50.27

    $67.79

    35%

    81%

    -46%

    Alphabet Inc. Class A

    GOOGL Internet Software/ Services

    $93.31

    $125.70

    35%

    92%

    -36%

    Halliburton Co.

    HAL Oilfield Services/ Equipment

    $34.30

    $45.95

    34%

    86%

    50%

    Alaska Air Group Inc.

    ALK Airlines

    $45.75

    $61.08

    34%

    93%

    -12%

    Targa Resources Corp.

    TRGP Gas Distributors

    $70.42

    $93.95

    33%

    95%

    35%

    Charles River Laboratories International Inc.

    CRL Misc. Commercial Services

    $201.94

    $269.25

    33%

    88%

    -46%

    ServiceNow Inc.

    NOW Information Technology Services

    $401.64

    $529.83

    32%

    92%

    -38%

    Take-Two Interactive Software Inc.

    TTWO Software

    $102.61

    $135.04

    32%

    79%

    -42%

    EOG Resources Inc.

    EOG Oil and Gas Production

    $124.06

    $158.24

    28%

    82%

    40%

    Southwest Airlines Co.

    LUV Airlines

    $38.94

    $49.56

    27%

    76%

    -9%

    Source: FactSet

    Most of the companies on the S&P 500 list expected to soar in 2023 have seen large declines in 2022. But the company at the top of the list, EQT Corp.
    EQT,
    is an exception. The stock has risen 69% in 2022 and is expected to add another 62% over the next 12 months. Analysts expect the company’s earnings per share to double during 2023 (in part from its expected acquisition of THQ), after nearly a four-fold EPS increase in 2022.

    Shares of Amazon.com Inc.
    AMZN
    are expected to soar 50% over the next year, following a decline of 46% so far in 2022. If the shares were to rise 50% from here to the price target of $136.02, they would still be 18% below their closing price of 166.72 at the end of 2021.

    Read: Here’s why Amazon is Citi’s top internet stock idea

    You can see the earnings estimates and more for any stock in this article by clicking on its ticker.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    Mid-cap stocks expected to rise the most

    The lists of favored stocks are limited to those covered by at least five analysts polled by FactSet.

    Among components of the S&P 400 Mid Cap Index, there are 84 stocks with at least 75% “buy” ratings. Here at the 20 expected to rise the most over the next year:

    Company

    Ticker

    Industry

    Closing price – Dec. 12

    Consensus price target

    Implied 12-month upside potential

    Share “buy” ratings

    Price change – 2022 through Dec. 12

    Arrowhead Pharmaceuticals Inc.

    ARWR Biotechnology

    $31.85

    $69.69

    119%

    83%

    -52%

    Lantheus Holdings Inc.

    LNTH Medical Specialties

    $54.92

    $102.00

    86%

    100%

    90%

    Progyny Inc.

    PGNY Misc. Commercial Services

    $31.21

    $55.57

    78%

    100%

    -38%

    Coherent Corp.

    COHR Electronic Equipment/ Instruments

    $35.41

    $60.56

    71%

    84%

    -48%

    Exelixis Inc.

    EXEL Biotechnology

    $16.08

    $26.07

    62%

    81%

    -12%

    Darling Ingredients Inc.

    DAR Food: Specialty/ Candy

    $61.17

    $97.36

    59%

    93%

    -12%

    Perrigo Co. PLC

    PRGO Pharmaceuticals

    $31.83

    $49.25

    55%

    100%

    -18%

    Mattel Inc.

    MAT Recreational Products

    $17.39

    $26.58

    53%

    87%

    -19%

    ACI Worldwide Inc.

    ACIW Software

    $20.75

    $31.40

    51%

    83%

    -40%

    Topgolf Callaway Brands Corp.

    MODG Recreational Products

    $21.99

    $32.91

    50%

    83%

    -20%

    Dycom Industries Inc.

    DY Engineering and Construction

    $86.03

    $128.13

    49%

    100%

    -8%

    Travel + Leisure Co.

    TNL Hotels/ Resorts/ Cruiselines

    $37.98

    $56.00

    47%

    75%

    -31%

    Frontier Communications Parent Inc.

    FYBR Telecommunications

    $25.21

    $36.18

    44%

    82%

    -15%

    Manhattan Associates Inc.

    MANH Software

    $120.06

    $171.80

    43%

    88%

    -23%

    MP Materials Corp Class A

    MP Other Metals/ Minerals

    $31.39

    $44.79

    43%

    92%

    -31%

    Lumentum Holdings Inc.

    LITE Electrical Products

    $54.45

    $76.44

    40%

    76%

    -49%

    Tenet Healthcare Corp.

    THC Hospital/ Nursing Management

    $44.22

    $62.00

    40%

    80%

    -46%

    Repligen Corp.

    RGEN Pharmaceuticals

    $166.88

    $233.10

    40%

    82%

    -37%

    STAAR Surgical Co.

    STAA Medical Specialties

    $59.57

    $82.67

    39%

    82%

    -35%

    Carlisle Cos. Inc.

    CSL Building Products

    $251.99

    $348.33

    38%

    75%

    2%

    Source: FactSet

    Wall Street’s favorite small-cap names

    Among companies in the S&P Small Cap 600 Index, 91 are rated “buy” or the equivalent by at least 75% of analysts. Here are the 20 with the highest 12-month upside potential indicated by consensus price targets:

    Company

    Ticker

    Industry

    Closing price – Dec. 12

    Consensus price target

    Implied 12-month upside potential

    Share “buy” ratings

    Price change – 2022 through Dec. 12

    UniQure NV

    QURE Biotechnology

    $22.99

    $51.29

    123%

    95%

    11%

    Cara Therapeutics Inc.

    CARA Biotechnology

    $11.34

    $23.63

    108%

    88%

    -7%

    Vir Biotechnology Inc.

    VIR Biotechnology

    $25.50

    $53.00

    108%

    75%

    -39%

    Dynavax Technologies Corp.

    DVAX Biotechnology

    $11.22

    $23.20

    107%

    100%

    -20%

    Thryv Holdings Inc.

    THRY Advertising/ Marketing Services

    $18.40

    $36.75

    100%

    100%

    -55%

    Artivion Inc.

    AORT Medical Specialties

    $12.93

    $23.13

    79%

    83%

    -36%

    Cytokinetics Inc.

    CYTK Pharmaceuticals

    $38.33

    $67.43

    76%

    100%

    -16%

    Harsco Corp.

    HSC Environmental Services

    $7.17

    $12.30

    72%

    80%

    -57%

    Ligand Pharmaceuticals Inc.

    LGND Pharmaceuticals

    $64.80

    $110.83

    71%

    100%

    -35%

    Corcept Therapeutics Inc.

    CORT Pharmaceuticals

    $20.84

    $34.20

    64%

    80%

    5%

    Payoneer Global Inc.

    PAYO Misc. Commercial Services

    $5.70

    $9.33

    64%

    100%

    -22%

    Xencor Inc.

    XNCR Biotechnology

    $28.69

    $46.71

    63%

    93%

    -28%

    Pacira Biosciences Inc.

    PCRX Pharmaceuticals

    $45.50

    $72.90

    60%

    80%

    -24%

    BioLife Solutions Inc.

    BLFS Chemicals

    $19.72

    $31.38

    59%

    89%

    -47%

    Customers Bancorp Inc.

    CUBI Regional Banks

    $30.00

    $47.63

    59%

    75%

    -54%

    ModivCare Inc.

    MODV Other Transportation

    $92.22

    $145.83

    58%

    100%

    -38%

    Stride Inc.

    LRN Consumer Services

    $32.56

    $51.25

    57%

    100%

    -2%

    Ranger Oil Corp. Class A

    ROCC Oil and Gas Production

    $36.98

    $58.00

    57%

    100%

    37%

    Outfront Media Inc.

    OUT Real Estate Investment Trusts

    $17.59

    $27.00

    53%

    83%

    -34%

    Walker & Dunlop Inc.

    WD Finance/ Rental/ Leasing

    $82.22

    $125.20

    52%

    100%

    -46%

    Source: FactSet

    The Dow

    Here are all 30 components of the Dow Jones Industrial Average ranked by how much analysts expect their prices to rise over the next year:

    Company

    Ticker

    Industry

    Closing price – Dec. 12

    Consensus price target

    Implied 12-month upside potential

    Share “buy” ratings

    Price change – 2022 through Dec. 12

    Salesforce Inc.

    CRM Software

    $133.11

    $195.59

    47%

    80%

    -48%

    Walt Disney Co.

    DIS Movies/ Entertainment

    $94.66

    $119.60

    26%

    82%

    -39%

    Apple Inc.

    AAPL Telecommunications Equipment

    $144.49

    $173.70

    20%

    74%

    -19%

    Verizon Communications Inc.

    VZ Telecommunications

    $37.95

    $44.60

    18%

    21%

    -27%

    Visa Inc. Class A

    V Misc.s Commercial Services

    $214.59

    $249.33

    16%

    86%

    -1%

    Microsoft Corp.

    MSFT Software

    $252.51

    $293.06

    16%

    91%

    -25%

    Chevron Corp.

    CVX Integrated Oil

    $169.75

    $191.20

    13%

    54%

    45%

    Cisco Systems Inc.

    CSCO Information Technology Services

    $49.30

    $53.76

    9%

    44%

    -22%

    UnitedHealth Group Inc.

    UNH Managed Health Care

    $545.86

    $593.30

    9%

    85%

    9%

    Goldman Sachs Group Inc.

    GS Investment Banks/ Brokers

    $363.18

    $392.63

    8%

    59%

    -5%

    Walmart Inc.

    WMT Specialty Stores

    $148.02

    $159.86

    8%

    72%

    2%

    JPMorgan Chase & Co.

    JPM Banks

    $134.21

    $143.84

    7%

    59%

    -15%

    Home Depot Inc.

    HD Home Improvement Chains

    $327.98

    $346.61

    6%

    61%

    -21%

    American Express Co.

    AXP Finance/ Rental/ Leasing

    $157.31

    $164.57

    5%

    43%

    -4%

    McDonald’s Corp.

    MCD Restaurants

    $276.62

    $288.67

    4%

    72%

    3%

    Johnson & Johnson

    JNJ Pharmaceuticals

    $177.84

    $185.35

    4%

    36%

    4%

    Coca-Cola Co.

    KO Beverages: Non-Alcoholic

    $63.97

    $66.62

    4%

    73%

    8%

    Boeing Co.

    BA Aerospace and Defense

    $186.27

    $192.69

    3%

    77%

    -7%

    Intel Corp.

    INTC Semiconductors

    $28.69

    $29.54

    3%

    13%

    -44%

    Walgreens Boots Alliance Inc.

    WBA Drugstore Chains

    $41.06

    $42.24

    3%

    17%

    -21%

    Merck & Co. Inc.

    MRK Pharmaceuticals

    $108.97

    $110.62

    2%

    65%

    42%

    Caterpillar Inc.

    CAT Trucks/ Construction/ Farm Machinery

    $233.06

    $236.23

    1%

    41%

    13%

    Honeywell International Inc.

    HON Aerospace and Defense

    $214.50

    $217.35

    1%

    54%

    3%

    Nike Inc. Class B

    NKE Apparel/ Footwear

    $112.07

    $112.58

    0%

    64%

    -33%

    3M Co.

    MMM Industrial Conglomerates

    $126.85

    $127.30

    0%

    5%

    -29%

    Procter & Gamble Co.

    PG Household/ Personal Care

    $152.47

    $150.22

    -1%

    59%

    -7%

    Travelers Companies Inc.

    TRV Multi-Line Insurance

    $187.11

    $184.24

    -2%

    18%

    20%

    Amgen Inc.

    AMGN Biotechnology

    $276.78

    $264.79

    -4%

    24%

    23%

    Dow Inc.

    DOW Chemicals

    $51.11

    $48.73

    -5%

    15%

    -10%

    International Business Machines Corp.

    IBM Information Technology Services

    $149.21

    $140.29

    -6%

    33%

    12%

    Source: FactSet

    Don’t miss: 10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023

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  • AP Interview: IMF chief urges targeted COVID policy in China

    AP Interview: IMF chief urges targeted COVID policy in China

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    BERLIN — It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread protests broke out, a change that would ease the impact to a world economy already struggling with high inflation, an energy crisis and disrupted food supply.

    IMF Managing Director Kristalina Georgieva urged a “recalibration” of China’s tough “zero-COVID” approach aimed at isolating every case “exactly because of the impact it has on both people and on the economy.”

    Georgieva made the comments in a wide-ranging interview Tuesday with The Associated Press in which she also cautioned it is too early for the U.S. Federal Reserve to back off on its interest rate increases and held out hope that an energy crisis driven by Russia’s war in Ukraine will speed the push into renewables in Europe. She also called increasing hunger in developing countries “the world’s most significant solvable problem.”

    In China, protests erupted over the weekend in several cities and Hong Kong in the biggest show of public dissent in decades. Authorities have eased some controls but have showed no sign of backing off their larger strategy that has confined millions of people to their homes for months at a time.

    “We see the importance of moving away from massive lockdowns, being very targeted in restrictions,” Georgieva said Tuesday in Berlin. “So that targeting allows to contain the spread of COVID without significant economic costs.”

    Georgieva also urged China to look at vaccination policies and focus on vaccinating the “most vulnerable people.”

    A low rate of vaccinations among the elderly is a major reason Beijing has resorted to lockdowns, while the emergence of more-contagious variants has put increasing stress on the effort to prevent any spread.

    Lockdowns have slowed everything from travel to retail traffic to car sales in the world’s second-largest economy. Georgieva urged it “to adjust the overall approach to how China assesses supply chain functioning with an eye on the spillover impact it has on the rest of the world.”

    The Washington-based IMF expected the Chinese economy to grow only 3.2% this year, below the global average for the year, a rare occurrence.

    The Communist Party has taken steps in the direction Georgieva recommends, switching to isolating buildings or neighborhoods with infections instead of whole cities and made other changes it says are aimed at reducing the human and economic cost. But a spike in infections since October has prompted local authorities facing pressure from above to impose quarantines and other restrictions that residents say are too extreme.

    Asked about criticism of the crackdown on protests, a Chinese Foreign Ministry spokesman has defended Beijing’s anti-virus strategy and said the public’s legal rights were protected by law.

    The government is trying to “provide maximum protection to people’s lives and health while minimizing the COVID impact on social and economic development,” Zhao Lijian said.

    While China’s policy ripples out worldwide, Georgieva said the greatest risk facing the global economy is high inflation that requires central banks to raise interest rates, making credit more expensive for consumers and businesses. Coupled with that is the need for governments to take care of the most vulnerable people without undermining central bank efforts with excess spending.

    “Policymakers are faced with the very difficult time in the year ahead,” she said. “They have to be disciplined in the fight against inflation. Why? Because inflation undermines the foundation for growth, and it hurts the poor people the most.”

    Asked if the U.S. Federal Reserve should pause interest rate increases that are strengthening the dollar and putting pressure on poorer countries, Georgieva said that “the Fed has no option but to stay the course until credible decline in inflation.”

    “They owe it to the U.S. economy, they owe it to the world economy, because what happens in the United States if inflation does not get under control, can have also spillover impacts for the rest of the world,” the Bulgarian IMF chief said.

    Inflation data are still too high in the U.S. and Europe and “the data at this point says: too early to step back,” Georgieva said.

    She warned that international tensions between the China and the West and between Russia and the West threatened to restrict trade and its beneficial effect on economic growth and prosperity. She added that while there are concerns about supply chains disrupted by the pandemic, “we have to work harder on finding a way to counter these protectionist instincts” while being honest about supply concerns.

    Georgieva said the world was already seeing signs of increased hunger before Russia’s invasion of Ukraine disrupted grain supplies to Africa and the Middle East. More investment in resilient agriculture and support for small farmers as well as efforts to reduce food waste would be part of the solution, she said.

    “We have to admit in the wealthiest societies, in the wealthier families, that we waste food on a daily basis, even in quantities that are sufficient to feed the rest of the world,” she said. “Look, hunger is the world’s most significant solvable problem. It is solvable. And yet not only we haven’t solved it, but in the last years, hunger has been going up and up.”

    The world needs “a focus on food security in a comprehensive way that reduces waste, increases productivity, and most importantly, focuses more attention on small-scale farming, where a great deal of livelihoods of people, especially in developing countries like that, would go a long way to bring this solvable problem finally to an end,” she said.

    Russia’s war also created an energy crisis after Moscow cut off most natural gas supplies to Europe as Western allies supported war-torn Ukraine. The resulting high energy prices have created an opportunity to “accelerate the transition to low-carbon energy supplies” through incentives for green investments.

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  • US nuclear waste repository begins filling new disposal area

    US nuclear waste repository begins filling new disposal area

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    ALBUQUERQUE, N.M. — Workers at the nation’s only underground nuclear waste repository have started using a newly mined disposal area at the underground facility in southern New Mexico.

    Officials at the Waste Isolation Pilot Plant made the announcement this week, saying the first containers of waste to be entombed in the new area came from Oak Ridge National Laboratory in Tennessee — one of the many labs and government sites across the country that package up waste and ship it to WIPP.

    Known as Panel 8, the new area consists of seven separate rooms for placing special boxes and barrels packed with lab coats, rubber gloves, tools and debris contaminated with plutonium and other radioactive elements.

    Each room measures 33 feet (10 meters) wide, 16 feet (4.9 meters) high and runs the length of a football field minus the end zones.

    Carved out of an ancient salt formation about half a mile (0.8 kilometers) deep, the subterranean landfill located outside of Carlsbad received its first shipment in 1999. The idea is that the shifting salt will eventually entomb the radioactive waste left from decades of bomb-making and nuclear weapons research.

    In 2014, a fire and separate radiation release forced a nearly three-year closure of the repository and a costly overhaul of the policies and procedures that govern WIPP and the nation’s multibillion-dollar cleanup program for Cold War-era waste.

    Operations had to be reduced after the repository reopened because areas of the facility were contaminated and airflow needed for mining and disposal operations was limited. Now, a multimillion-dollar project is underway to install a new ventilation system, and state regulators are considering a permit change that some critics have said could lead to expanded operations.

    The state Environment Department’s Hazardous Waste Bureau issued a plan this month aimed at ensuring the public has opportunities to comment on modifications or permit renewal applications.

    Sean Dunagan, president and project manager of Nuclear Waste Partnership, the contractor that manages the repository, said in a statement that operations already have become more efficient with the new panel.

    Creating a panel requires mining nearly 160,000 tons of salt, and it takes about 2 1/2 years to fill it with waste. For example, Panel 7 is filled with 20,056 containers, with most of them being 55-gallon (208-litre) drums.

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  • COP27 wins and losses: U.S. on the hook to pay for its pollution; natural gas gets nod as transition fuel

    COP27 wins and losses: U.S. on the hook to pay for its pollution; natural gas gets nod as transition fuel

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    For the first time ever, rich nations, including a top-polluting U.S., will pay for the climate-change damage inflicted upon poorer nations.

    These smaller economies are often the source of the fossil fuels
    CL00,
    +0.19%
    ,
    minerals
    PICK,
    -0.20%

    and other raw materials behind the developed world’s modern conveniences and technologicial advancement, including many practices responsible for the Earth-warming emisisons. And yet the developing world shoulders the worst of the droughts, deadly heat, ruined crops and eroding coastlines that take lives and eat into economic growth.

    The deal, called “loss and damage” in summit shorthand, was struck as the U.N.’s Conference of Parties, or COP27, gaveled to a close near dawn Sunday in Egypt. Official talks ended Friday, but negotiations extended into the weekend.

    Read: Historic compensation fund approved at U.N. climate talks

    It was a big win for poorer nations which have long sought money — sometimes viewed as reparations — because they are often the victims of climate-worsened floods, famines and storms despite contributing little directly to the pollution that heats up the globe. It took last-minute, pre-summit negotiations to even get the topic on the official agenda.

    “Three long decades and we have finally delivered climate justice,” said Seve Paeniu, the finance minister of island nation Tuvalu, according to the Associated Press. “We have finally responded to the call of hundreds of millions of people across the world to help them address loss and damage.”

    ‘Three long decades and we have finally delivered climate justice.’


    — Seve Paeniu, finance minister for Tuvalu

    Pakistan’s environment minister, Sherry Rehman, said the establishment of the fund “is not about dispensing charity.” Pakistan, hit by devastating drought and more, dominated climate-change headlines this year.

    “It is clearly a down payment on the longer investment in our joint futures,” she said, speaking for a coalition of the world’s poorest nations.

    According to many conference participants, the U.S. was a late-stage roadblock to establishing this official payout language, though it signed off in the end. U.S. participation was also impacted once chief climate negotiator John Kerry tested positive for COVID-19, although he continued to work from his hotel.

    How does COP27 ‘loss and damage’ work? And where’s China?

    According to the agreement, the fund would initially draw on contributions from developed countries and other private and public sources such as international financial institutions, including the World Bank and the International Monetary Fund.

    While major emerging economies such as China wouldn’t automatically have to contribute, that option remains on the table. This is a key demand by the European Union and the U.S., who argue that China and other large polluters currently classified as “developing” countries have the financial clout and responsibility to pay their way.

    The fund would be largely aimed at the most vulnerable nations, though there would be room for middle-income countries that are severely battered by climate disasters to get aid.

    Getting serious about methane

    Attention on methane, a more-potent but shorter-lasting greenhouse gas than carbon, was considered a major win at the summit. Some 150 countries have now signed on to the voluntary Global Methane Pledge, an official effort to cap the release of the GHG whose reduction presents perhaps the easiest way to reduce the global warming.

    Read more: Natural gas-focused methane pact expands at climate summit, minus China

    With the pledge, countries representing 45% of global methane emissions have vowed to reduce their emissions by 30% by 2030. If methane-reduction pledges are met, the result would be equivalent to eliminating the GHG emissions from all of the world’s cars, trucks, buses and all two- and three-wheeled vehicles, according to the International Energy Agency.

    China, the world’s largest polluter by some measures, has not signed the deadline-based pledge, but has agreed to reduce methane emissions.

    Still largely voluntary

    COP27 talks wrapped without concrete progress on the contentious issue of shifting an overall 1.5 degrees Celsius temperature limit from a voluntary marker to an established requirement of nations. Most voluntary pacts among nations and private entities, including a vow by Amazon.com
    AMZN,
    -0.75%
    ,
    Ford Motor
    F,
    +0.58%
    ,
    Apple
    AAPL,
    +0.38%

    and others signing on to a “First Movers” pledge, loosly use the 1.5-degree limit set in 2015 when talks took place in Paris.

    Private banks, insurers and institutional investors representing $130 trillion said they would align their investments with the goal of keeping global warming to 1.5 degrees Celsius, toward a pledge to net-zero emissions economy-wide by 2050. Advocacy groups cheer the pledge and its expanding roster but are also keeping up pressure on the signatories to speed up progress toward this goal and to stop undermining the pledge with fossil-fuel investment.

    Read: Here’s where the big U.S. banks stand up and fall down on climate change

    The Egypt pact was also void of firmer language on emissions cutting and the desire by some officials to target all fossil fuels
    NG00,
    +1.16%

    for a phase-down.

    Natural gas, which is relatively cheaper to produce than other fossil fuels, has been the major alternative to more-polluting coal in electricity generation. Still, it has its own emissions risk.

    In the U.S., for example, electricity is the most common energy source used for cooking — electricity often powered by gas. Still, about 38% of U.S. households use natural gas directly for cooking, according to the U.S. Energy Information Administration.

    Natural gas providers also own an established pipeline infrastructure that may serve alternative energy, and is pushed by the industry as a viable alternative alongside solar, wind
    ICLN,
    -0.15%

      and other means. The industry also promotes its efforts to cap methane leaks.

    Related: World’s richest nations stick to 1.5-degree climate pledge despite energy crunch

    ‘It is more than frustrating to see overdue steps on mitigation and the phase-out of fossil energies being stonewalled by a number of large emitters and oil producers.’


    — Germany’s Foreign Minister Annalena Baerbock

    With fossil fuels in their sight, the European Union and other nations fought back at what they considered backsliding in the Egyptian presidency’s overarching cover agreement and threatened to scuttle the rest of the process, while advancing their own draft. The package was revised again, removing most of the elements Europeans had objected to but adding none of the heightened ambition they were hoping for, the AP said.

    Egypt has played a unique role as host, representative of Africa, which sits at the front lines of those hurt by climate change and yet, remaining loyal to its own fossil-fuel ambitions and those of OPEC nations.

    Germany’s Foreign Minister Annalena Baerbock voiced frustration.

    “It is more than frustrating to see overdue steps on mitigation and the phase-out of fossil energies being stonewalled by a number of large emitters and oil producers
    XOM,
    -0.87%

    BP,
    -0.90%
    ,
    ” she said.

    The agreement includes a veiled reference to the benefits of natural gas as low- emission energy, despite many nations calling for a phase down of natural gas, which does contribute to climate change.

    Fossil-fuel industry’s presence

    At least 636 representatives of the fossil fuel industry registered to attend the summit, a 25% increase over the industry’s presence last year, according to an analysis released by three advocacy groups.

    More fossil fuel lobbyists are on the roster than any single national delegation, besides the UAE who has registered 1,070 delegates compared to 176 last yearaccording to a report from Corporate Accountability, Corporate Europe Observatory (CEO) and Global Witness (GW).

     Frances Colón, senior director for International Climate Policy at the Center for American Progress, found plenty of fault with this round of talks.

    “The final text reflects the outsized and corrupting presence of fossil fuel and big agricultural lobbyists at COP27, compounded by a lack of ambition from key, high-emitting countries,” she said, in a statement. “The agreement makes only a passing reference to the 1.5-degree Celsius warming goal and does not include any new language on phasing down or phasing out all fossil fuels
    RB00,
    -0.09%

    — the only way to reach emissions reduction goals and secure a livable future.”

    Colón also worried that the official statement did not adequately advance efforts. World leaders failed to reference the twin, interlocking crises of nature loss and climate change, and declined to link COP27 to next month’s U.N. biodiversity summit in Montreal.

    ‘The agreement makes only a passing reference to the 1.5-degree Celsius warming goal and does not include any new language on phasing down or phasing out all fossil fuels — the only way to reach emissions reduction goals and secure a livable future.’


    — Frances Colón of the Center for American Progress

    While the new agreement doesn’t ratchet up calls for reducing emissions, it does retain language to keep alive the voluntary global goal of limiting warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit). The Egyptian presidency kept offering proposals that harkened back to 2015 Paris language which also mentioned a looser goal of 2 degrees.

    This year’s pact also neglected to toughen the main sticking point from the previous COP, in Glasgow last year. At that time, China and India united to dig in unless coal language was softened. Nations this year did not expand on last year’s call to phase down global use of “unabated coal” even though India and other countries pushed to include oil and natural gas in language from Glasgow.

    “We joined with many parties to propose a number of measures that would have contributed to this emissions peaking before 2025, as the science tells us is necessary. Not in this text,” the United Kingdom’s Alok Sharma said.

    Climate campaigners are concerned that pushing for strong action to end fossil fuel use will be even harder at next year’s meeting, which will be hosted in Dubai, located in the oil-rich United Arab Emirates.

    The Associated Press contributed.

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  • West Texas earthquake causes damage hundreds of miles away

    West Texas earthquake causes damage hundreds of miles away

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    MENTONE, Texas — A strong earthquake that struck a remote area of the West Texas desert caused damage in San Antonio, hundreds of miles from the epicenter, officials said.

    University Health said Thursday that its Robert B. Green historical building was deemed unsafe because of damage sustained from the quake, which hit Wednesday in a remote area near the New Mexico border. The historical building is more than 100 years old and has been closed off for safety reasons, University Health said.

    The quake initially had a 5.3 magnitude but that was revised upward to 5.4. The earthquake’s epicenter was about 23 miles (37 kilometers) south of Mentone, a tiny community about 350 miles (560 kilometers) northwest of San Antonio.

    It was one of the strongest earthquakes on record in Texas and hit in an area known for oil and gas production. On Thursday, the state’s Railroad Commission — which regulates Texas’ oil and gas industry — sent inspectors to the site to determine whether any actions were needed.

    Earthquakes in the south-central United States have been linked to oil and gas production, particularly the underground injection of wastewater. The U.S. Geological Survey said research suggests that a 5.0 magnitude quake that struck the same West Texas area in 2020 was the result of a large increase of wastewater injection in the region.

    In neighboring Oklahoma, thousands of earthquakes of varying magnitudes have been recorded in the past decade, leading state regulators to direct producers to close some injection wells.

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  • Republicans clinch slim majority in House, likely signaling gridlock ahead

    Republicans clinch slim majority in House, likely signaling gridlock ahead

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    Republicans will take over the U.S. House of Representatives two years into President Joe Biden’s term, though their narrow majority looks set to cause headaches for GOP leaders.

    Republican hopes for a strong red wave have been dashed, but the Associated Press said Wednesday that the party won enough House seats — 218 — to control that chamber of Congress, as results from the midterm elections continue to be tabulated.

    The battle for the U.S. Senate went to the Democrats late Saturday. Democrats will retain their hold on the Senate after winning a key race in Nevada, giving Biden’s party control of at least one chamber of Congress for the next two years.

    “Republicans have officially flipped the People’s House!” Rep. Kevin McCarthy, R-Calif., the front-runner to become House Speaker, tweeted late Wednesday. “Americans are ready for a new direction, and House Republicans are ready to deliver.”

    While Republicans will control just one chamber of Congress, they now are expected to deliver a check on Biden’s policy priorities, such as by potentially using a debt-ceiling showdown to force spending cuts. 

    In a statement late Wednesday, President Joe Biden called for bipartisanship: “The American people want us to get things done for them. They want us to focus on the issues that matter to them and on making their lives better. And I will work with anyone — Republican or Democrat — willing to work with me to deliver results.”

    Related: Democrats weigh end run around Republicans to raise debt limit

    And see: Republican lawmakers likely to target ‘woke capitalism’ after the midterm elections, analysts say

    The Republican House majority has yet to be finalized but could be the narrowest of the 21st century, even less than in 2001, when the GOP had a nine-seat majority with two independents.

    Washington is likely to face new periods of gridlock, with Democrats also keeping their hold on the White House since Biden still has two years to serve before the 2024 presidential election. That’s after Democrats in the past two years used party-line votes to push through measures such as March 2021’s stimulus law and this past summer’s package targeting healthcare, climate change and taxes.

    The House switching to red from blue fits the historical pattern in which a first-term president’s party tends to lose congressional ground in the midterms. The GOP highlighted raging inflation in its effort to win over American voters.

    The House seats to flip to the GOP included one held by Democratic Rep. Elaine Luria of Virginia, who lost to Republican challenger Jen Kiggans, as well as two seats in Florida. But Democrats also flipped House seats and won re-elections in bellwether races, with Virginia Rep. Abigail Spanberger and Indiana Rep. Frank Mrvan notching victories.

    Read more: Here are the congressional seats that have flipped in the midterm elections

    Democrats have had a grip on the House since the 2018 midterms. They’ve run the Senate for two years, controlling the 50-50 chamber only because Vice President Kamala Harris can cast tiebreaking votes.

    Among the competitive Senate races, Democrats kept their hold on seats in Arizona, Colorado and New Hampshire, while scoring a pick-up in Pennsylvania. Republicans maintained their control of seats in North Carolina, Ohio and Wisconsin.

    Georgia’s Senate contest is headed to a Dec. 6 runoff, but its outcome has become less significant.

    Related: Ohio’s J.D. Vance tells MarketWatch he wants to end tax loopholes for tech companies and ban congressional stock trading

    Betting markets since late on Election Day have been seeing Democrats staying in charge of the Senate and Republicans winning the House. Ahead of last Tuesday’s voting, betting markets had signaled confidence in GOP prospects for taking over both the Senate and House.

    Analysts had said voters last month appeared increasingly focused on Republican issues such as high prices for gasoline
    RB00,
    -0.35%

    and other essentials, at the expense of Democrats’ agenda items such as climate change and abortion rights.

    But exit polls suggested that Republicans performed worse than expected because many Democrats and independents voted partly to show their disapproval of former President Donald Trump — and those voters were energized by the Supreme Court’s Dobbs decision that overturned Roe.

    See: Anti-Trump vote and Dobbs abortion ruling boost Democrats in 2022 election

    The former president announced his 2024 White House run late Tuesday. Earlier Tuesday, House Republicans chose Rep. Kevin McCarthy of California, the current minority leader, as their candidate for speaker. Thirty-one Republicans voted against McCarthy, signaling that he must shore up his support before the vote on the speakership takes place in January.  It’s an early sign of how Republicans’ narrow majority is creating turbulence for the House GOP leadership. 

    Now read: What a Republican-controlled House might mean for tech: Plenty of hand-wringing over Section 230 liability shield

    And see: DeSantis viewed as frontrunner for Republican 2024 presidential nomination after Trump’s candidates flop in midterm elections

    Plus: Senate Republicans pick Mitch McConnell as their leader, as Rick Scott’s challenge flops

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  • 3rd investigation finds no contamination at Missouri school

    3rd investigation finds no contamination at Missouri school

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    FLORISSANT, Mo. — Another round of testing found no harmful radioactive contamination at a Missouri elementary school, leaving school board members to wonder if there really is any risk at the now-shuttered school.

    Jana Elementary School in the St. Louis suburb of Florissant was shut down last month after testing by a private company found contamination on the kindergarten playground and inside the building. The private study was funded by lawyers whose clients are suing over radioactive contamination in Coldwater Creek, which runs near the school.

    The results prompted the U.S. Army Corps of Engineers to conduct its own investigation. The agency announced last week that it found no contamination inside the school or in multiple soil samples on the outside.

    The Hazelwood School District then ordered a third round of testing from SCI Engineering. Jessica Keeven of SCI told the school board Tuesday night that the building and grounds do not contain harmful levels of radioactive material, the St. Louis Post-Dispatch reported.

    The school opened in 1970 and sits in the flood plain of Coldwater Creek, which was contaminated with radioactive waste generated when Mallinckrodt Chemical processed uranium in the 1940s and 1950s for atomic weapons. The waste was initially stored at Lambert Airport, near the creek, then later trucked to an industrial area that also borders the creek.

    The site near the airport has largely been cleaned up but remediation of the creek itself won’t be finished until 2038, Corps officials have said.

    The contamination finding in a report released in October by Boston Chemical Data Corp. created enough concern that the school board closed the school and moved classes online. Jana students and staff will be moved to other schools after the Thanksgiving break.

    Board members acknowledged that the “conflicting” reports created some confusion about what to do next. Member Kevin Langley said he wasn’t convinced that the health risk for children in the school building is greater than their risk in their homes near Coldwater Creek.

    “What do we do to remediate Jana Elementary School and how do we ever declare it as safe for reuse?” he asked.

    Marco Kaltofen of Boston Chemical told The Associated Press that the findings of all three studies are similar, but that the interpretations are different. While the Corps and SCI believe radioactive material at the school is consistent with what would be naturally occurring, the Boston Chemical evaluation found that proximity to the contaminated creek was responsible for it.

    “Others are hoping that it is all natural, all background,” Kaltofen said. “Unfortunately, hope isn’t science.”

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  • Corps finds no radioactive contamination at Missouri school

    Corps finds no radioactive contamination at Missouri school

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    FLORISSANT, Mo. — Testing by the U.S. Army Corps of Engineers found no radioactive contamination at a Missouri school that was shut down last month amid fears that nuclear material from a contaminated creek nearby had made its way into the school, Corps officials said Wednesday.

    Teams from the Corps’ St. Louis office began testing the interior of Jana Elementary School in Florissant, Missouri, and the soil around it in late October, days after the school board closed the school. The closure followed testing by a private firm that found levels of radioactive isotope lead-210 that were 22 times the expected level on the kindergarten playground, as well as concerning levels of polonium, radium and other materials inside the building.

    The Corps said preliminary results found no evidence of radioactive material above what would be naturally occurring.

    “From a radiological standpoint, the school is safe,” Col. Kevin Golinghorst, St. Louis District commander for the Corps of Engineers, said in a news release. “We owe it to the public and the parents and children of Jana Elementary School to make informed decisions focused on the safety of the community, and we will continue to take effective actions using accurate data.”

    Corps officials tested inside the school and took samples from 53 locations in the soil on the school grounds. Overall, Golinghorst said, nearly 1,000 samples were taken.

    The Corps said a public event will be held Nov. 16 to discuss the findings with the community.

    A spokeswoman for the Hazelwood School District said officials were in a meeting Wednesday morning but would comment later.

    The school, with about 400 students, sits along Coldwater Creek, a 19-mile (31-kilometer) waterway contaminated decades ago with Manhattan Project atomic waste. The Corps used radiation detection instruments to scan surfaces inside the school, and dug holes up to 28 feet (8.5 meters) deep in the soil.

    Students are taking virtual classes for the next month, then will be reassigned to other schools. It hasn’t been determined when Jana Elementary will reopen.

    Coldwater Creek was contaminated in the 1940s and 1950s when waste from atomic bomb material manufactured in St. Louis got into the waterway near Lambert Airport, where the waste was stored. The result was an environmental mess that resulted in a Superfund declaration in 1989.

    The site near the airport has largely been cleaned up but remediation of the creek itself won’t be finished until 2038, Corps officials have said.

    Children have often played in the creek, and a 2019 federal report determined that those exposed to the waterway from the 1960s to the 1990s may have an increased risk of bone cancer, lung cancer and leukemia. Environmentalists and area residents have cited several instances of extremely rare cancers that have sickened and killed people.

    The Corps of Engineers earlier found contamination in a wooded area near the school, but hadn’t previously tested the school or its grounds. This summer, lawyers involved in a class-action lawsuit representing local residents seeking compensation for illnesses and deaths received permission from the Hazelwood School District to perform testing.

    Results from testing done by Boston Chemical Data Corp. were released in October, prompting the decision to shut down the school. Phone and email messages seeking comment from the law firm that funded the testing weren’t immediately returned on Tuesday.

    It’s unclear exactly what any cleanup would involve, how long it would take or who would pay for it.

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  • Schlumberger Rebrands as SLB, Dropping Family Name

    Schlumberger Rebrands as SLB, Dropping Family Name

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    Oil-field services giant says new name marks commitment to cleaner energy

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  • Worker admits dumping raw waste into Jackson water system

    Worker admits dumping raw waste into Jackson water system

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    JACKSON, Miss — An employee of a Mississippi wastewater hauling company pleaded guilty in federal court Tuesday for his part in illegally discharging industrial waste into the capital city’s sewer system.

    William Roberts, an employee of Partridge-Sibley Industrial Services, admitted to supervising the improper disposal of industrial waste at a commercial entity in Jackson. As a result of Roberts’s negligence, the waste was trucked and hauled to a facility that was not a legal discharge point designated to receive the waste, federal prosecutors said.

    “The defendant’s negligent conduct contributed to the discharge of millions of gallons of untreated industrial waste into the Jackson water system,” said Chuck Carfagno, a special agent for the Environmental Protection Agency’s criminal investigations division.

    Jackson’s water and sewer system has been beset by troubles dating back years. The water system was recently engulfed in a crisis that forced people in the city of 150,000 to go days without running water in late August and early September.

    In addition to the EPA and local law enforcement officials, the case was also investigated by the Federal Bureau of Investigation.

    An attorney for Roberts did not immediately respond to a request for comment. He will be sentenced on December 14, 2022.

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  • Clean Water Act at 50: environmental gains, challenges unmet

    Clean Water Act at 50: environmental gains, challenges unmet

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    Lifelong Cleveland resident Steve Gove recalls when the Cuyahoga River symbolized shame — fetid, lifeless, notorious for catching fire when sparks from overhead rail cars ignited the oil-slicked surface.

    “It was pretty grungy,” said the 73-year-old, an avid canoeist in his youth who sometimes braved the filthy stretch through the steelmaking city. “When you went under those bridges where the trains were hauling coke from the blast furnaces, you had to watch for cinders and debris falling off.”

    It wasn’t the only polluted U.S. river. But outrage over a 1969 Cuyahoga fire — the latest in a series of environmental disasters including a 3-million-gallon oil spill off California’s Santa Barbara months earlier — is widely credited with inspiring the Clean Water Act of 1972.

    As officials and community leaders prepared to celebrate the law’s 50th anniversary Tuesday near the river mouth at Lake Erie, the Cuyahoga again is emblematic. This time, it represents progress toward restoring abused waterways — and challenges that remain after the act’s crackdown on industrial and municipal sewage discharges and years of cleanup work.

    A 1967 survey found not a single fish in the river between Akron and Cleveland. Now, there are more than 70 species including smallmouth bass, northern pike and muskellunge. Limits on eating them have been lifted. The Cuyahoga is popular with boaters. Parks and restaurants line its banks.

    “I have folks come into my office routinely from other states and around the world, wanting to see the Cuyahoga River,” said Kurt Princic, a district chief for the Ohio Environmental Protection Agency. “They want to know how we got from where it was in the ’60s to where it is today. It starts with the Clean Water Act, partnerships and hard work.”

    Yet the river remains on a U.S.-Canada list of degraded “hot spots” in the Great Lakes region; it’s plagued by erosion, historic contamination, storm water runoff and sewage overflows. Toxic algae blooms appear on Lake Erie in summer, caused primarily by farm fertilizer and manure.

    HALF EMPTY, HALF FULL

    The Clean Water Act established ambitious goals: making the nation’s waters “fishable and swimmable” and restoring their “chemical, physical and biological integrity.” It gave the newly established U.S. Environmental Protection Agency broad authority to set and enforce regulations.

    “We’ve made tremendous progress,” EPA Administrator Michael Regan said in an Associated Press interview Friday. “By passing the Clean Water Act, Congress solidified the importance of protecting our lakes, rivers and streams for generations to come.”

    Experts and activists agree many waterways are healthier than they were, and cleanups continue. The Biden administration’s 2021 infrastructure package includes $50 billion to upgrade drinking water and wastewater treatment systems, replace lead pipes and cleanse drinking water of toxic PFAS, known as “forever chemicals.”

    But the law’s aims have been only “halfway met,” said Oday Salim, director of the University of Michigan’s Environmental Law and Sustainability Clinic. ”If you spoke to most clean water policy advocates today, they’d be pretty disappointed in how long it has taken to get halfway.”

    The measure’s crowning achievement, Salim said, is a program that requires polluting industries and sewage treatment plans to get permits limiting their releases into waters. EPA also set pollution standards for 50 industries.

    Yet the agency is far behind on strengthening those requirements to reflect pollution control technology improvements, said Eric Schaeffer, a former EPA enforcement chief and executive director of the Environmental Integrity Project, which has sued the agency over the delays.

    Two-thirds of the requirements haven’t been updated in more than 30 years, the group said in a March report that blamed the outdated ones for “more pollution from oil refineries, chemical plants, slaughterhouses and other industries pouring into waterways.” Pollution control plans for large watersheds and regulatory enforcement are weak, it said, while EPA and state environmental agencies have endured repeated budget cuts.

    One result, Schaeffer said, is that more than 50% of lake, river and stream miles periodically assessed are still classified as impaired.

    Regan acknowledged EPA has “some more work to do” but had an “aggressive agenda to curtail pollution and upgrade standards and enforcement policies at a pace that science allows us to do.”

    “We can’t ignore that the previous administration did not take action,” he said. “We also can’t ignore that we have the same staffing levels that we had in the late ‘80s. I think we’re doing a really good job of beginning to make up for lost time.”

    RUNOFF LEFT OUT

    The Clean Water Act prompted many states to prohibit laundry detergents containing phosphorus. Some had labeled Lake Erie “dead” as the soaps fueled algae blooms that sapped oxygen and killed fish.

    The bans caused a turnaround in the 1980s. Erie was blue once more instead of brown.

    Yet the algae blooms were back within a couple of decades — this time because of a problem the Clean Water Act had sidestepped.

    Its emission limits and permitting requirements apply to wastes released into waters through pipes or ditches from identifiable sources, such as factories. But it doesn’t regulate runoff pollution from indirect sources — fertilizers and pesticides from farm fields and lawns; oil and toxic chemicals from city streets and parking lots — that flow into waterways when it rains.

    Such runoff pollution is now the leading cause of U.S. waterway impairments.

    Scientific studies say manure and fertilizer from livestock operations spread on crop fields are largely to blame for sprawling summer algae in western Lake Erie and the “dead zone” in the Gulf of Mexico, which receives massive heartland runoff from the Mississippi River. They’re also the top pollutant in Chesapeake Bay.

    Environmental groups who have long argued the law allows regulation of large livestock farm pollution sued EPA this month, demanding a tougher approach. But federal and state agencies rely mostly on voluntary programs that provide financial assistance to farms for using practices such as planting cover crops that hold soil during off-seasons and buffer strips between croplands and streams. Farm groups resist making such practices mandatory.

    “Agriculture politics are the third rail,” said the Environmental Integrity Project’s Schaeffer. “The farm lobby is powerful.”

    Stan Meiburg, director of the Center for Energy, Environment and Sustainability at Wake Forest University and a former EPA deputy administrator, favors requiring farms and other runoff sources to bear costs of environmental damage they cause if a workable system could be found.

    “But it’s not clear to me that such a thing exists in the real world,” he said. “I find it unlikely that any legislation any time soon is going to impose wide-scale restrictions on how farmers conduct their activities.”

    A more practical approach, he said, is convincing farmers that anti-runoff practices are in their economic interest.

    WETLAND WARS

    A case argued this month before the U.S. Supreme Court involved one of the longest-running debates about the Clean Water Act: Which waters does it legally protect?

    Lakes, rivers and streams are covered, as are adjacent wetlands. But 40 years of court battles and regulatory rewrites have left unsettled the status of wetlands not directly connected to a larger water body — and of rain-dependent “ephemeral” streams that flow only part of the year.

    “We want to preserve and protect our ability and statutory authority to regulate in this area,” EPA’s Regan said, describing wetlands as crucial for filtering out pollutants that otherwise would flow downstream. They also store floodwaters and provide habitat for a multitude of plants and animals.

    His agency is rewriting rules for those disputed waters, even as the Supreme Court prepares to provide its own interpretation from the case of an Idaho couple who wants to build a house on land with swampy areas near a lake.

    “What’s at stake here is at least half the waterways in this country,” said Jon Devine of the Natural Resources Defense Council.

    The National Association of Homebuilders, which supports the Idaho couple’s challenge of an EPA order to stop work on their house, says states are better suited to oversee isolated wetlands and ephemeral streams than EPA or the U.S. Army Corps of Engineers, which handles some cases.

    “The federal government doesn’t have the bandwidth to regulate every single tiny wetland away from anything that would be considered navigable,” said Tom Ward, the group’s vice president for legal advocacy. State regulation was lax 50 years ago but has improved and “they know their waters,” he said.

    JUSTICE FOR ALL

    Environmental justice — the quest for environmental policies that treat everyone fairly, including communities of color — is a high-profile issue nowadays, although it began with early 1980s protests over a hazardous waste landfill in an impoverished, majority-black community in Warren County, North Carolina.

    But for Crystal M.C. Davis, the movement began the day after the infamous 1969 Cuyahoga fire, when Carl Stokes, Cleveland’s first Black mayor, called a news conference and filed a complaint with the state seeking help in cleaning up the river. His brother, U.S. Rep. Louis Stokes, asked Congress for help — another step toward the Clean Water Act.

    “The renaissance of the Cuyahoga River is personal to us,” said Davis, who is Black and a vice president of the Alliance for the Great Lakes. “That’s why we have to stop and celebrate, even though there’s still room for improvement.”

    Regan, EPA’s first Black administrator, said funding provided by the infrastructure package will help the agency apply the law in keeping with science and in partnerships with state and local agencies.

    “So no matter the color of your skin … or your ZIP code, you can enjoy safe, reliable water,” he said.

    ———

    Follow John Flesher on Twitter: @JohnFlesher.

    ———

    Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

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  • Who are the 2022 MacArthur ‘genius grant’ fellows?

    Who are the 2022 MacArthur ‘genius grant’ fellows?

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    CHICAGO — A specialist in plastic waste management, artists, musicians, computer scientists, and a poet-ornithologist who advocates for Black people in nature are among this year’s 25 winners of the John D. and Catherine T. MacArthur Foundation’s prestigious fellowships known as “genius grants” that honor discipline-bending and society-changing people whose work offers inspiration and insight. The Chicago-based foundation announced Wednesday that it increased the “no strings attached” award amount each receive from $625,000 to $800,000 over five years.

    The 2022 fellows are:

    Jennifer Carlson, 40, Tucson, Arizona, sociologist whose research traces the evolution of gun culture in the U.S.

    Paul Chan, 49, New York, artist and publisher, who works in different mediums and draws on a range of cultural references to invite viewers to reflect on the world.

    Yejin Choi, 45, Seattle, computer scientist who developed new ways to train computers to understand language and assess the intent of different kinds of communication.

    P. Gabrielle Foreman, 58, University Park, Pennsylvania, a literary historian who cofounded an archive of Black activism in the 19th century that has collaboratively identified and collected long dispersed records.

    Danna Freedman, 41, Cambridge, Massachusetts, synthetic inorganic chemist designing molecules that have great storage and processing computing capacity.

    Martha Gonzalez, 50, Claremont, California, musician, scholar and activist who has convened cross border participatory performances and collaborations around social justice issues.

    Sky Hopinka, 38, Annandale-on-Hudson, New York, artist and filmmaker whose abstract and documentary films feature Indigenous languages and perspectives.

    June Huh, 39, Princeton, New Jersey, mathematician whose work bridges different parts of the field to prove longstanding conjectures.

    Moriba Jah, 51, Austin, Texas, astrodynamicist who uses statistical analysis to study data to better estimate the locations and paths of objects in the earth’s orbit.

    Jenna Jambeck, 48, Athens, Georgia, environmental engineer whose study of plastics in the environment facilitates the participation of communities in managing their waste.

    Monica Kim, 44, Madison, Wisconsin, historian of U.S. foreign policy whose archival research in multiple languages and original interviews reveal unstated motivations and policy goals.

    Robin Wall Kimmerer, 69, Syracuse, New York, author, botanist and advocate for environmental stewardship through the traditional knowledge of native peoples.

    Priti Krishtel, 44, Oakland, California, health justice lawyer advocating for reforms of the patent system to make access to treatments more equitable.

    J. Drew Lanham, 57, Clemson, South Carolina, ornithologist, naturalist and writer who advocates for Black people in nature and encourages connection with and exploration of the natural world.

    Kiese Laymon, 48, Houston, Texas, writer whose fiction and nonfiction interrogate the internalization and repetition of violence experienced by Black Americans.

    Reuben Jonathan Miller, 46, Chicago, sociologist, criminologist and social worker who examines the consequences of incarceration, incorporating his personal experiences as a chaplain and relative of imprisoned people.

    Ikue Mori, 68, New York, electronic music composer and performer whose work expands the bounds of electronic music making by incorporating live and prerecorded sequences.

    Steven Prohira, 35, Lawrence Kansas, physicist who develops novel ways to detect and study subatomic particles that could reveal important information about the universe.

    Tomeka Reid, 44, Chicago, jazz cellist and composer whose work draws on her community and forges unique combinations of instruments to reimagine classic works and expand the expressive possibilities of cello improvisation.

    Loretta J. Ross, 69, Northampton, Massachusetts, reproductive justice and human rights advocate who envisions an end to racist reproductive policies and organizes toward overcoming barriers to reproductive autonomy.

    Steven Ruggles, 67, Minneapolis, a historical demographer who built and maintains the most extensive database of population statistics in the world.

    Tavares Strachan, 42, New York and Nassau, The Bahamas, interdisciplinary conceptual artist who has accomplished logistical feats while also elevating the histories of past marginalized artists and leaders.

    Emily Wang, 47, New Haven, Connecticut, a primary care physician and researcher who founded a network of clinics staffed by community health workers and physicians to treat people released from jail.

    Amanda Williams, 48, Chicago, artist and architect whose work explores the intersection of race and the built environment and invites the participation of the community in reimagining their space.

    Melanie Matchett Wood, 41, Cambridge, Massachusetts, mathematician whose statistical analyses have helped answer questions related to number theory and algebraic geometry.

    ———

    Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.

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