Report warns that oil, gas pipeline boom poses serious financial risk for investors

first_img FacebookTwitterLinkedInEmailPrint分享Engineering & Technology:A report published by Global Energy Monitor cautions that upbeat building spree of US oil and gas pipeline systems may stand on a frail financial fundament, which could see previous turmoil return while bearing considerable risk for investors’ rate-of-return as climate-change consciousness and regulation is expected to increase pressure on fossil fuels.North American overexpansion of oil and gas systems would bear “high leverage and unrealistic expectations,” the authors of the report say, warning that signs of increased risk are looming on the horizon of the present building boom systems.The pace of the global pipeline building is stated to have tripled since 1996. The US is one of the most aggressive builders of oil and gas pipelines systems and its pace appears unprecedented: worldwide it owns 51.5 per cent of all projects in pre-construction or construction stages. The report argues that investors in the booming expansion of oil and gas infrastructure would steer for a similar shock (as experienced some years earlier in the coal mining sector) as “boom-fueled optimism runs into climate realities and fiscal limits”.Ted Nace, co-author of the report and executive director at Global Energy Monitor points out that “enthusiasm [is] spilling out of the fracking boom [and] has fostered unrealistic expectations of expansion in midstream oil and gas infrastructure. Investors are setting themselves up for disappointment.”Three areas would be particularly vulnerable in the U.S. to present pipeline expansion concentration, including ‘Permian Basin of Texas and New Mexico’, ‘the Marcellus and Utica shale formations in Appalachia and the Midwest’, and the ‘Canadian tar sands of Alberta.’ The decision by the Canadian government last year, to commit C$5bn (£2.9bn) to acquire the Trans Mountain Pipeline would add extra fuel to the fire.More: North America’s oil and gas pipeline boom could signal meltdown Report warns that oil, gas pipeline boom poses serious financial risk for investorslast_img read more

Nicole Scherzinger, Thom Evans’ Relationship Timeline: Photos

first_img– Advertisement – Scherzinger and Evans signaled that they were ready to take the next step in their relationship in November 2020 when they were spotted house-hunting in Los Angeles just days before celebrating their one-year anniversary.“He’s my man, the man in my life, the man of my dreams,” she told Extra the following week.The Masked Singer judge previously dated race car driver Lewis Hamilton on and off from 2007 to 2015 and professional tennis player Grigor Dimitrov from 2016 to 2019. The Zimbabwe native, for his part, was in a relationship with model and actress Kelly Brook from 2010 to 2013.Scroll down for a timeline of Scherzinger and Evans’ romance! As the pair’s romance continued to heat up, they started sharing photos together via Instagram, keeping fans in the loop on their daily activities in quarantine amid the COVID-19 pandemic.“Nicole and Thom got very serious very quickly,” a source exclusively told Us Weekly in August 2020. “They are infatuated with each other and complement one another well. They’re super cute and have a blast together. Nicole feels very lucky to have found Thom.”- Advertisement – Scherzinger and Evans began to flirt as the season went on, and she memorably went wild after he stripped off his shirt and was drenched with rain during a performance of X Ambassadors’ “Boom.”After the finale of The X Factor: Celebrity aired in November 2019, the “Don’t Cha” singer and the model were spotted hanging out and kissing at a bar in London. They made their red carpet debut in January 2020 at the 21st annual InStyle and Warner Bros. Pictures Golden Globe Awards afterparty.“I’m very happy,” Scherzinger gushed to Extra days later. “I couldn’t be happier right now, and I’m really grateful.”- Advertisement – Sparks flew between Nicole Scherzinger and Thom Evans the moment they first laid eyes on each other in late 2019.The couple met on the set of The X Factor: Celebrity, which the Pussycat Dolls frontwoman judged alongside Simon Cowell and Louis Walsh. The former rugby player competed on the star-studded spinoff of the U.K. singing competition with fellow athletes Ben Foden and Levi Davis. Their boy band, Try Star, ultimately finished in fifth place.- Advertisement –last_img read more