Ronald Persauud’s Post

We are in a climate emergency. "Carbon Brief has combined disaster data, humanitarian reports and local news stories to create a more complete picture of the scale of extreme weather impacts in Africa in 2023 to date. The investigation shows that at least 15,700 people have so far been killed in extreme weather disasters in Africa in 2023. A further 34 million people have been affected by extremes. It also shows that: More than 3,000 people were killed in flash floods in the Democratic Republic of the Congo and Rwanda in May. Scientists were unable to assess the role of climate change in the disaster because of a lack of functioning weather stations recording data in the region. At least 860 people were killed in floods and mudslides in February during Tropical Cyclone Freddy, the longest lasting cyclone on record affecting Madagascar, Mozambique, Mauritius, Malawi, Réunion and Zimbabwe. More than 29 million people continue to face unrelenting drought conditions across Ethiopia, Somalia, Kenya, Djibouti, Mauritania and Niger. Southern African countries have sweltered in a months-long winter heatwave, leaving many facing summer-like conditions for a continuous year." #africa #extremeweather #climatechange #globalwarming #sustainability Learn more https://lnkd.in/eJQC3YTv

I am pleased to share the remarkable strides we've taken at Proman this week, as we continue our unwavering commitment to driving tangible change in support of the global energy transition. It has indeed been quite a busy week for us, with a number of milestones that showcase our dedication to fostering sustainability within the maritime industry. On Monday, we launched the LEMSCO fund, an exciting initiative in sustainable shipping. Developed in collaboration with Stena Bulk and supported by equity investors and a DNV-certified green loan from ABN AMRO Bank N.V., LEMSCO is pioneering a new era in maritime finance. This industry-first methanol shipping fund addresses critical concerns surrounding air pollution and environmental impact. Recognizing the substantial capital investment required for transitioning to sustainable shipping, LEMSCO offers an alternative financing mechanism that bridges the gap, facilitating the industry's move toward lower emission fuels. Read more about it https://lnkd.in/eu48GtpZ On Tuesday, we celebrated the Naming Ceremony for our methanol-fuelled tanker at the historic Port of New Orleans. The US Gulf Coast holds a lot of importance in our global operations, and methanol, a cleaner marine fuel, is already a significant part of the region’s economy. Methanol-fuelled vessels, like the Stena Pro Marine, are contributing to substantial air quality improvements for the communities residing, working, and transiting through this major shipping hub. Read more about it https://lnkd.in/e3WVqgUK watch the video to see highlights from the Stena Pro Marine naming ceremony https://lnkd.in/eUnDxYnB. At Proman, we believe in the power of collaboration and innovation. These initiatives are a testament to our dedication to creating a more sustainable future for all. I would like to thank our partners, investors, and the entire Proman team for their support and commitment.   #PromanStenaBulk #methanolmarinefuel #airpollution #lowemission #cleanershipping #alternativefuels #sustainableshipping #shippingtransition #poseidonprinciples #alternativeshippingfinance #shippingfinance #energytransition #greenloan #lowemissionshipping

Reminder: Morgan Stanley 3Q23 investor conference call with CEO James Gorman and CFO Sharon Yeshaya will start at 8:30 a.m. ET. Webcast link: https://mgstn.ly/3tCPBSo

As the Morgan Stanley Institute for Sustainable Investing marks our 10th anniversary, we look ahead to 10 trends that we believe will shape sustainable finance over the next 10 years. Learn more: https://mgstn.ly/3QyYSUs

Today is the launch of the LEMSCO Fund, a new initiative that exemplifies our commitment to tangible action in support of the global energy transition. LEMSCO – which stands for Low Emission Methanol Shipping Company – is an industry-first sustainable shipping fund, spearheaded by Proman and Stena Bulk, backed by equity investors and bolstered by a DNV-certified green loan from ABN AMRO Bank N.V. LEMSCO builds on the growing momentum of methanol as a marine fuel by investing in shipping and associated infrastructure, with the aim of reducing emissions from the global maritime sector. LEMSCO is an Article 9-compliant investment fund under the European Union regulations, which means that the Fund’s primary objective is to make a positive impact on the environment, positioning LEMSCO as a leader in sustainable shipping investments. David Cassidy, Chairman of the ProMarine Board and Chief Executive of Proman, said: “We are delighted to be launching LEMSCO, which is pioneering in its efforts to address the air pollution and wider environmental concerns surrounding the maritime industry. We all recognise that the transition to sustainable shipping requires significant capital investment. By providing an alternative financing mechanism, LEMSCO plays a crucial role in bridging this gap and facilitating the industry's transition to lower emission fuels.” Read more here: https://lnkd.in/e-UM7JBA   #shippingtransition #poseidonprinciples #alternativeshippingfinance #shippingfinance #energytransition #greenloan #lowemissionshipping

I am pleased to share the remarkable strides we've taken at Proman this week, as we continue our unwavering commitment to driving tangible change in support of the global energy transition. It has indeed been quite a busy week for us, with a number of milestones that showcase our dedication to fostering sustainability within the maritime industry. On Monday, we launched the LEMSCO fund, an exciting initiative in sustainable shipping. Developed in collaboration with Stena Bulk and supported by equity investors and a DNV-certified green loan from ABN AMRO Bank N.V., LEMSCO is pioneering a new era in maritime finance. This industry-first methanol shipping fund addresses critical concerns surrounding air pollution and environmental impact. Recognizing the substantial capital investment required for transitioning to sustainable shipping, LEMSCO offers an alternative financing mechanism that bridges the gap, facilitating the industry's move toward lower emission fuels. Read more about it https://lnkd.in/eu48GtpZ On Tuesday, we celebrated the Naming Ceremony for our methanol-fuelled tanker at the historic Port of New Orleans. The US Gulf Coast holds a lot of importance in our global operations, and methanol, a cleaner marine fuel, is already a significant part of the region’s economy. Methanol-fuelled vessels, like the Stena Pro Marine, are contributing to substantial air quality improvements for the communities residing, working, and transiting through this major shipping hub. Read more about it https://lnkd.in/e3WVqgUK watch the video to see highlights from the Stena Pro Marine naming ceremony https://lnkd.in/eUnDxYnB. At Proman, we believe in the power of collaboration and innovation. These initiatives are a testament to our dedication to creating a more sustainable future for all. I would like to thank our partners, investors, and the entire Proman team for their support and commitment.   #PromanStenaBulk #methanolmarinefuel #airpollution #lowemission #cleanershipping #alternativefuels #sustainableshipping #shippingtransition #poseidonprinciples #alternativeshippingfinance #shippingfinance #energytransition #greenloan #lowemissionshipping

#CIA is looking for talented #scientists and #engineers like you to join our team. Stop by our booth at the Society of Women Engineers (SWE) conference this week to learn more. We'll be offering resume reviews, one-on-one sessions, and information sessions about #career paths at the Agency. We have a #mission for you! https://lnkd.in/dEHuCxN #DiscoverCIA #WeHaveaMissionForYou #WE23