Saudi Aramco, World’s Most Profitable Co, Again
Saudi Aramco announced that its net income was $46.9 billion for the first half 2019, compared to $53.0 billion for the same period last year. That easily outstripped corporate titans such as Apple Inc, Amazon.com Inc and other big oil producers, many of which suffered larger declines in profit as output and crude prices fell. Saudi Aramco President & CEO Amin H. Nasser, said: “Despite lower oil prices during the first half of 2019, we continued to deliver solid earnings and strong free cash flow underpinned by our consistent operational performance, cost management and fiscal discipline."Disclosing its financial results for the first time…
Los Angeles Port Issues $35.2 mln in 'Green' Bonds
The Port of Angeles has expanded its commitment to sustainability by issuing $35.2 million in green bonds as part of a larger debt refinancing successfully completed this week. The move marks the first time a U.S. port has entered the growing sustainability bond market where investors support projects and companies making positive social and environmental change. “Running a competitive and environmentally responsible port permeates every facet of our operations,’’ said Marla Bleavins, the Port’s Deputy Executive Director and Chief Financial Officer. The green bonds are part of an overall $201.6 million bond issue that will net the Port a record present value savings of $32.5 million, an average of $1.9 million annually through 2040.
Obama Announces Actions On Renewable Energy
President Barack Obama announced steps on Friday to increase the use of solar panels, boost energy efficiency in federal buildings and train more people to work in the renewable energy field. "It's the right thing to do for the planet," Obama said, standing in the outdoor lighting display section of a WalMart store that features roof-top solar panels and a charging station for electric vehicles, among other energy-saving retrofits. The president used the stop to show how major corporations have committed to increasing the generation of solar power at their facilities. Wal-Mart Stores Inc, Apple Inc , Yahoo Inc, Google Inc and Ikea were among the companies that have made such commitments.
Google Workers Get Free Ferry Rides to Work & Back
Google workers commuting from San Francisco to the company's Mountain View campus can now make the trip on an 83-foot, Wi-Fi-equipped catamaran. Google has launched a free ferry service from San Francisco's ferry terminal to the Port of Redwood City, where employees can hop a private bus to work, reports 'The Telegraph' via AP. Named the Triumphant the charter ferry can carry up to 150 passengers and runs twice each morning and evening, with voyages lasting about 47 minutes each way, reports 'The Telegraph' citing news from KPIX-TV.
