A development application has been lodged for Residential Subdivision & Parkland
the proposal seeks to reconfigure a portion of a large irregular-shaped 411.8 hectare Everleigh Masterplan Area
The development site (53.4 hectares) is known as ROL 13 and will divide the portion of land into 354 residential lots and 2 balance lots
five open space allotments including one neighbourhood park (1.27ha)
one drainage reserve (1.56ha) and three linear parks (totalling 0.9ha)
The new allotments have been arranged to follow the existing grid pattern
with some curved frontages to address the environmental area and seek to provide lots ranging from 187 to 826sqm
The subdivision comes as the next land release of the Everleigh estate by Mirvac Queensland within the Greater Flagstone
The proposal connects to the existing residential allotments and well connected local road network
The proposal includes the removal of the existing structures over the maintained paddocks to facilitate the subdivision
The drain reserve for the site is located opposite the 2 balance lots at the new roundabout and adjoins the large conservation area to the east of the site
Previous Development
The planners at Urbis state ” the proposed development is within the approved Everleigh Masterplan Area which will facilitate a range of employment opportunities through existing schools
the future State Highschool and a forthcoming neighbourhood centre
The proposed development is well connected with active
public and private transport to the approved location of the neighbourhood centre and potential employment opportunities”
“The proposed design is structured around a central major linear park providing connections through Precinct 5
and 7 and with connections to adjoining precincts within the master planned area”
This proposal is consistent with the approved master plan
including the master plan open space network strategy
is sensitive to the surrounding conservation area and aims to protect and retain the surrounding natural environment”
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to be updated on other projects or developments
News articles are presented in an unbiased manner from information publicly accessible that includes referenced links for the reader to obtain any further information
The facts of the proposed government projects
school upgrades and development applications are based on the available information at the time of the published date
with information sourced directly from company websites
media releases and development application material
We reference all our information at the end of the articles and promote the creators with website backlinks
Contact us: mail@yourneighbourhood.com.au
Work is powering ahead at CS Energy and Powerlink‘s $300 million Greenbank Battery at Logan in Queensland
with the project recently taking delivery of all 108 Tesla Megapack 2XL units
were trucked to the site over a three-month period and have been craned into place
Related article: CS Energy partners with Powerlink for 400MWh big battery
The Greenbank Battery is located next to Powerlink Queensland’s Greenbank Substation in the Logan City Council area
More than 33,000 hours have been worked on the battery project since construction began in late 2023
The project is delivering a jobs boost to the region by creating a peak construction workforce of 60 jobs and supporting up to 32 jobs as part of Powerlink’s activities
the 200MW/400MWh battery will help the operation of the power grid by storing electricity when demand is low and then releasing it back into the grid during peak demand periods
delivering a more secure and reliable transmission network into the future
The Greenbank Battery will have the capacity to power 66,000 homes for up to two hours before needing to recharge
The Tesla Megapack 2XL units at Greenbank are one of the safest battery storage products of their kind
The batteries undergo extensive fire testing and include integrated safety systems specialised monitoring software and 24/7 support
Commissioning of the battery is expected to begin in early 2025 and it is forecast to be operational in mid-2025
Related article: Huge transformer arrives for Greenbank Battery connection
CS Energy CEO Darren Busine said CS Energy
“The Greenbank Battery is CS Energy’s second battery project
and we are again working with Tesla because we believe they set the industry benchmark for energy storage product design and safety
recently commenced operations and has been helping meet electricity demand in the morning and evening peak periods.”
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2024 8:27 AM EDTBritish swimmer Luke Greenbank
was disqualified from the men’s 200-m backstroke on Wednesday
despite seemingly coming in first place during the heat he competed in
Initially, Greenbank seemed happy with his impressive time of 1:56.08 when he exited the pool. However, when he looked at the scoreboard and saw that he had been disqualified, he dropped to his knees
“I don’t know what to say, absolutely gutted,” he told reporters after the event, according to Manchester Evening News
Greenbank was disqualified for violating a World Aquatics rule which states that athletes must not stay underwater for more than 15 consecutive meters at the beginning of each turn
Greenbank failed to get his head above the water by the 15-meter mark during his third turn
Greenbank had previously won a bronze medal in the event during the Tokyo Olympics in 2021
He also earned a silver medal for the 4x100-m medley during those Olympic Games
The 200-m backstroke was the only individual event he had qualified for in the 2024 Olympics
The top 16 of those who competed in the heats were moved forward to compete in the semifinal
The finals for the men’s 200-m backstroke will take place on Thursday
Contact us at letters@time.com
It’s a $32.5 billion questionIf the taxpayer-funded Clean Energy Finance Corporation is to continue
its role should be to provide a subsidy in areas when there is a lack of private capital or a genuine market failure
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Hard questions are being asked about the purpose of the federal government’s $32.5 billion Clean Energy Finance Corporation and its future after the federal election
The CEFC last week invested $550 million of taxpayer-backed capital in a bond sale by electricity transmission grid operator Transgrid for its critical HumeLink poles and wires project in NSW.
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Biodiversity is in crisis. With over one million species at risk of extinction, protecting nature has become a race against time
Conservation efforts require more than scientific research and policy commitments—they need funding
even the most well-intentioned conservation strategies will fall short
Conservation finance is emerging as a critical tool to bridge this gap
From biodiversity credits to carbon markets and payment for ecosystem services (PES)
innovative financial mechanisms drive nature protection while ensuring sustainable livelihoods for communities that depend on healthy ecosystems
many people are unfamiliar with how these tools work and why they matter
Bolaina plantation in an agroforestry system
Photo by Juan Carlos Huayllapuma / CIFOR-ICRAF
Category: PART 1: Understanding conservation finance
Conservation finance refers to the financial mechanisms and strategies designed to support biodiversity conservation and sustainable ecosystem management
This field includes innovative approaches such as biodiversity credits
Mastering these tools is crucial to tackling the global biodiversity crisis and meeting ambitious targets like the 30x30 goal
which aims to protect 30% of the planet’s land and oceans by 2030
Which of the following best defines conservation finance
Conservation finance involves generating and allocating financial resources to support activities that protect and restore biodiversity and ecosystem services
It extends beyond funding protected areas (a) or investing in renewable energy (c) and is not solely reliant on donations (d)
it encompasses a range of financial mechanisms designed to ensure long-term environmental sustainability
How important do you think financing is for achieving global biodiversity targets like the 30x30 goal
Financing is crucial in implementing conservation strategies
restoring ecosystems and supporting local communities
achieving ambitious global biodiversity targets like the 30x30 goal would be nearly impossible
Sustainable financial investments are essential to ensuring long-term conservation success
Category: PART 2: The role of local communities
Indigenous Peoples and Local Communities (IPLCs) play a crucial role in biodiversity conservation by sustainably managing ecosystems
preserving traditional knowledge and engaging in conservation finance initiatives
Effective conservation finance mechanisms must recognize their contributions and ensure equitable access to funding and decision-making processes
How do Indigenous Peoples and Local Communities (IPLCs) contribute to conservation finance
Indigenous Peoples and Local Communities (IPLCs) play a key role in conservation finance by sustainably managing natural resources (a)
engaging in biodiversity credit schemes (b)
and preserving and sharing traditional ecological knowledge (c)
Their active participation ensures that conservation initiatives are both culturally appropriate and effective
fostering long-term environmental stewardship
How can conservation finance tools like biodiversity credits benefit local communities
Biodiversity credits create financial incentives for conservation (a)
enhance livelihoods through sustainable resource management (b) and reinforce community governance systems (c)
biodiversity credits empower communities to play an active and sustainable role in conservation efforts
Category: PART 3: Innovative tools and technologies
camera traps and artificial intelligence (AI)
are revolutionizing biodiversity monitoring and conservation finance
These tools make data collection more efficient
enabling better decision-making and resource allocation
How can technology and traditional ecological knowledge work together in conservation finance
Integrating modern technologies like AI and eDNA with traditional ecological knowledge enhances conservation monitoring and finance
Community-led data collection and IPLC involvement in decision-making ensure that conservation finance is both scientifically rigorous and culturally inclusive
What role do biodiversity metrics play in conservation finance
Biodiversity metrics are essential for assessing conservation success (a)
and maintaining financial transparency and accountability (c)
Category: PART 4: Challenges and opportunities
While conservation finance holds immense potential
Key challenges include insufficient funding
weak policy support and limited stakeholder awareness
Overcoming these obstacles requires coordinated efforts among governments
the private sector and local communities to create environments that enable sustainable investment in conservation
What are the main barriers to scaling up conservation finance globally
and limited awareness hinder conservation finance growth
Addressing these barriers requires collaboration among governments
What is the potential of conservation finance to address both biodiversity loss and climate change
Healthy ecosystems not only conserve biodiversity but also act as carbon sinks
Conservation finance can fund activities like reforestation and sustainable land management
Restart quiz
Sustainable wildlife management in the spotlight at UN biodiversity conference
Five key takeaways from UNCBD COP16 in Cali, Colombia
The Sustainable Wildlife Management Program
Biodiversity and forests: Africa strengthens its resilience through regional Centres of Excellence
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The $2 billion recapitalisation of the Clean Energy Finance Corporation has revived debate about the future of Australia’s government-owned green bank
with renewable advocates calling for lower investment return hurdles while the Coalition has attacked taxpayer financing of green energy projects
The CEFC has supported more than $70 billion worth of renewable and low-carbon projects since it was created by the Gillard government 13 years ago
Last week the Albanese government injected a further $2 billion into the fund to accelerate further investment
Government moves to shut down its green investment bank will not slow the trajectory of Ruminant BioTech
The methane mitigating start-up company received $2.5 million of equity funding from the bank in May 2023 to help accelerate its development and steps to commercialisation of its bolus technology
Last week Climate Change Minister Simon Watts declared the New Zealand Green Investment Fund (NZGIF) officially shut
citing “limited results” from the $400m fund opened by the previous Labour government
He cited over 20 other government funds operating with similar objectives to NZGIF that could still be accessed
Ruminant BioTech CEO Tom Breen said the early-stage funding had played an invaluable part in helping the company become established
The investment also came alongside significant private co-investment that includes local and offshore investors
climate-focused venture capital fund Regeneration
“The NZGIF was good support for that early stage
but the loss of the fund is now of no material impact to us.
“We have reached a stage where now we are sourcing capital from across a range of different places,” he said
NZGIF drew fire when it made a $145m loan to solar panel company SolarZero
Controversy flared around the company when venture capital company BlackRock placed it into liquidation
leaving 169 staff out of a job and many owed holiday pay and notice periods
Watts said he was not assured taxpayer dollars were being well spent through the fund
But Ruminant BioTech’s slow release bolus appears to be on target
with the company aiming for commercial release by the end of the calendar year
The technology delivers targeted doses of methane inhibitor over a sustained period
aiming to achieve a 70% reduction per cow in emitted methane over a six-month period
Breen said beef herds in New Zealand and Australia were the first focus of the launch
“We do still have a few milestones on a regulatory basis to get through in New Zealand.”
the Environmental Protection Authority (EPA)
has been under the spotlight for time taken to gain regulatory approval on new products
with a recent review laying out key areas to be addressed
Late last month Dr Steve Meller the CEO of Australia-based methane mitigation company CH4 announced his decision to walk away from the NZ market on grounds regulatory hurdles had proven too costly and lengthy to persevere with
Meller has been outspoken in challenging government regulators on their stance
maintaining the Agricultural Compounds and Veterinary Medicines (ACVM) regulations have stymied his and other companies launching products
“All I can say is there has been a lot of support from the whole industry to get solutions to market in a positive way and the approach in NZ has been very complementary
we are looking to have results in coming months,” said Breen
He said it was a similar situation in Australia
“It is more about making sure we are ready from a claims perspective and getting through that process
We are now exposing the product to variability and seasonality influences to fully prove it.”
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Ipswich Mayor Teresa Harding said the Springfield Parkway and Springfield Greenbank Arterial duplication project was crucial to meet current and future demand in one of the fastest growing regions in Queensland
“Four lanes of traffic are now open along Springfield Greenbank Arterial from the Eden Station Drive intersection to the rail overpass in front of Brighton Homes Arena,” Mayor Harding said
“This stage of the Springfield Parkway and Springfield Greenbank Arterial duplication has been intensive
involving more than 10,000 tonnes of asphalt and 34,000 cubic metres of excavation
“Despite significant rainfall and storms earlier in the year playing havoc with the schedule
this work has now been completed with an excellent safety record and on time.”
Planning and Assets Committee Chairperson Councillor Andrew Antoniolli welcomed the progress
“This is an exciting moment in the ongoing works being undertaken to duplicate two major thoroughfares in Springfield,” Cr Antoniolli said
“Delivering the right infrastructure where and when it is needed is what’s important to our community.”
Deputy Mayor and Division 2 Councillor Nicole Jonic said almost all new kerb and streetlights were now installed along Springfield Greenbank Arterial from Eden Station Drive to Sinnathamby Boulevard
“The park ‘n’ ride entry and Exit 32 are well advanced
connecting to a new signalised intersection and dedicated left-hand turn lane
which are also progressing well,” Deputy Mayor Jonic said
“I want to thank everyone for their patience and driving safely around this critical work.”
Division 2 Councillor Paul Tully said the latest milestone followed the opening late last year of the city’s largest intersection
“Upgrading council’s largest intersection at Springfield Parkway and Springfield Greenbank Arterial was a huge undertaking and has made such a difference to local motorists since it was completed late last year,” Cr Tully said
council contractors will return to Springfield Parkway to extend the duplication north from the new intersection at Springfield Greenbank Arterial to Topaz Drive.”
The duplication of Springfield Parkway and Springfield Greenbank Arterial is jointly funded by council and the Queensland Department of Transport and Main Roads’ Transport Infrastructure Development Scheme
For more information about the Springfield Parkway and Springfield Greenbank Arterial Duplication Project, including staging, visit council’s website
>> Ipswich says we can’t wait for critical infrastructure
>> Ipswich Sports Awards return serve for 2024
>> Sink your teeth into Burger Joint at Little Day Out
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The swimmer was disqualified after falling foul of a rule in his 200m backstroke heat in Paris
It wouldn't be the Olympic Games without some heartbreak alongside the magic moments
and one unlucky athlete who has been dealt a hammer blow this year is British swimmer Luke Greenbank
The 26-year-old from Crewe was competing in the heats for the 200m backstroke event – the same category in which he won a bronze medal at the Tokyo Olympics three years ago– and looked to have secured a spot in the semi-finals after finishing first following an extremely impressive swim
he soon had his head in his hands after discovering that he had actually been disqualified and that his Olympic dream was at an end for this year
Don’t miss a minute of the Games with our complete 16-day Olympics TV Guide download
including how to watch all the action on TV
Read more: Olympics TV coverage | Olympics radio coverage | Olympics presenters and commentators
Despite finishing comfortably in first place in his heat
Greenbank was disqualified after it emerged he had fallen foul of a vital rule
It turned out that he had travelled for too long under water after the final turn of the race – narrowly failing to break the surface before the red line at the 15m mark and
butterfly and freestyle events and is intended to reduce unfair competition since swimming underwater reduces drag and is therefore more efficient
Greenbank understandably said that he was \"absolutely gutted\" by the outcome
The full rule reads: \"Some part of the swimmer must break the surface of the water throughout the race
\"It is permissible for the swimmer to be completely sub-merged during the turn
at the finish and for a distance of not more than 15 metres after the start and each turn
\"By that point the head must have broken the surface.\"
Team GB will still be represented in the semi-finals after Oliver Morgan – who previously made the final in the 100m backstroke – managed to qualify
Don’t miss a minute of the Games with our complete 16-day Olympics TV Guide download
Read more: Olympics TV coverage | Olympics radio coverage | Olympics presenters and commentators
Luke Greenbank of Team Great Britain prepares to compete in the Men's 200m Backstroke Heats
Maddie Meyer/Getty ImagesDespite finishing comfortably in first place in his heat
Greenbank understandably said that he was "absolutely gutted" by the outcome
I feel like I’m on good form," he added
The full rule reads: "Some part of the swimmer must break the surface of the water throughout the race
"It is permissible for the swimmer to be completely sub-merged during the turn
"By that point the head must have broken the surface."
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Team GB swimmer Luke Greenbank was disqualified in the men's 200-metre event at the 2024 Paris Olympics despite finishing the race first
British swimmer Luke Greenbank’s Paris Olympics journey has come to an unexpected end
The 26-year-old was disqualified for a lesser-known rule amid the 200-metre backstroke event on July 31—swimming beyond the allowed 15 metres underwater at the start of the race
was seemingly unaware of his mishap until after completing the race
popping out of the pool with a smile on his face
But Luke’s expression quickly turned to one of devastation as he looked to the scoreboard
only to put his hands to his head in distress and drop to his knees
After the news broke, Luke spoke to reporters about the upsetting disqualification
Luke won the bronze medal in the 200-metre backstroke at the 2020 Tokyo Olympics
which won the silver medal in the 4X100-metre medley
The British athlete is not the first swimmer to have their Olympic journey cut short. Brazilian swimmer Ana Carolina Vieira was sent home after being caught leaving the Olympic Village with another teammate
The Brazilian Olympic Committee (COB) punished the two athletes
but things took an even more serious turn for Ana thanks to her reaction to the committee
Ana reacted to the “technical decision” made by the committee in a “disrespectful and aggressive” manner
“Gabriel Santos was punished with a warning and athlete Ana Carolina Vieira
with the penalty of dismissal from the delegation,” the press release concluded
Paris Olympians are being forced to submit to plenty of unusual rules during this year’s games
No french fries at the Olympics in France? Oui.As it turns out, the dish won't be on the menu at the Olympic Village in Paris."French fries are too risky," chef Charles Guilloy explained to The New York Times in May
"because of fire-hazard concerns over deep-fat fryers
Athletes won't be able to find foie gras or start their day with some avocado toast at the village either."No to foie gras because animal well-being is on everyone’s mind," Guilloy continued
"and no to avocados because they are imported from a great distance and consume a lot of water."
While some Olympians may want to toast to their success with a glass of bubbly, they won't be able to at the Olympic Village. "No champagne in the village, of course," Director of the Olympic and Paralympic Villages Laurent Michaud told Sky News in March
"but they can have all the champagne they want also in Paris."And even though there's a sports bar in the village
it won't be serving any alcohol."We wanted to create some places where the athletes will feel very enthusiastic and comfortable
discussions and to share their core values about sports," Michaud shared with the outlet
But it's going to be a great place so they can actually share their moment and the environment here."
and Italy's teams are among those bringing a.c
there isn't the same level of social distancing protocols
And there will be condoms on hand for the approximately 14,250 Olympic Village residents."We are aiming to have 300,000 condoms here at disposal for the athletes in the village," Michaud told Sky News
"It's a quantity that makes sure that everybody will have what they're expecting and what they need."
If athletes want to share social media content
they're going to need to follow some #rules.For instance
the International Olympic Committee's guidelines state athletes can share audio and video recordings from the Opening and Closing Ceremonies
The rules also note athletes can post recordings from competition veneus up to an hour before their events begin and after the they've left the "mixed zone/doping control station."However
the guidelines make it clear that these recordings cannot exceed two minutes per post
the rules state athletes cannot share videos of medal ceremonies or sports competitions (including anthems
coin tosses or celebrations on the field) and that the clips cannot be live.And while photos can be taken at the Games if the Olympians follow the guidelines
the rules explain that pictures and videos cannot be shared if they're commercial
doping control station or mult-faith centre."
"all containers and cups will be reusable."
Did you know you don't have to wear shoes while running a race
"Athletes may compete barefoot or with footwear on one or both feet."
Abebe Bikila from Ethiopia ran the marathon barefoot at the 1960 Olympics in Rome and won the gold medal
Zola Budd ran the 3,000 metres barefoot while competing for Great Britain at the 1984 Olympics in Los Angeles
There's actually a rule for what happens when a tennis ball hits a bird during a match.According to the International Tennis Federation
if a ball strikes a bird that's flying overheard
it's considered a hindrance and the point is replayed
In a canoe with a broken paddle? Let's just say you don't want to be in that boat.According to the International Canoe Federation's guidelines
an athlete with a broken paddle during the canoe slalom "must drop back and/or complete the course alone
The broken end of the paddle is considered dangerous
They may drop the paddle and use their hands to finish the course."
A Team GB swimming star dropped to the floor in despair after suffering Olympic heartbreak as he was thrown out of Paris 2024 despite finishing first in his race
Luke Greenbank was disqualified from the 200m backstroke for breaking a little-known rule in the heats
having thought he was through to the semi-finals - on another otherwise-glorious day for British competitors
The double Olympic medallist clocked a time of 1min 56sec
more than a second ahead of Hungarian favourite Hubert Kos in the French capital's La Defense Arena
But joy quickly turned to misery for the 26-year-old as footage showed Greenbank had swam too far underwater at the start of the race - and the 26-year-old from Crewe could not contain his emotions as the news sunk in
The ruling denied Britain a potential third gold following stunning successes for Adam Yee in the men's triathlon and the women's quadruple sculls rowing team
Greenbank fell foul of a World Aquatics rule
which means swimmers are not allowed to go beyond the 15-metre mark while still underwater - and by that point the head must have broken the surface
Greenbank looked up at the TV screens inside the arena and soon realised he would be axed from the event - then slumped to the floor in despair
He described himself afterwards as 'absolutely gutted'
The full rule states: 'Some part of the swimmer must break the surface of the water throughout the race
'It is permissible for the swimmer to be completely sub-merged during the turn
'By that point the head must have broken the surface.'
butterfly and freestyle events but not breaststroke
His team-mate Ollie Morgan had no such trouble as he progressed into the semi-finals
Greenbank previously took silver in the 4x100m medley and bronze in the 200m backstroke at Tokyo 2020 and is a former world champion in that medley event
as well as winning 4x100m gold at the 2022 Commonwealth Games in Birmingham
The incident was a blip on an otherwise stunning day for Team GB, amid other medals including silver for Kieran Reilly in the freestyle BMX
Andrea Spendolini-Sirieix - daughter of TV chef Fred Sirieix - and Lois Toulson earned a hard-fought bronze medal in the women's synchronised 10m platform diving event
The medal rush has brought Britain's medals tally to 17 - with six golds
six silvers and five bronzes pushing Team GB up to fourth in the medal table
Australia and the Republic of Korea lower down
Team GB star Yee staged a remarkable comeback in the men's triathlon to sprint to victory in the dying stages of a tortuous race in the centre of Paris to take the first gold of the day
Moments later he was emulated by the women's quadruple sculls team of Lauren Henry
They claimed Britain's first ever gold in the event by surging past the Netherlands with the final stroke to win in a photo finish
Anderson, 26, broke down in tears and paid tribute to her late father Don who died of cancer in 2019 but had kept hold of a teenage diary in which she wrote at the age of 14 about her ambitions to win Olympic gold
The finish was so tight that a photo finish was needed to separate the boats
but the Brits were soon celebrating on the water as the footage showed they 0.15 seconds clear of their rivals
The quartet finished the race in a time of 6min 16.31sec
and repeated their victory in the 2023 world championships by seeing off the Dutch to claim gold
Germany completed the podium places in 6:19.70
we have done so many hard miles in training.'
Their medals were presented by the Princess Royal Princess Anne
who is an International Olympic Committee member and competed for Britain in eventing at the 1976 Summer Games in Montreal
Also today Scottish athlete Beth Potter persevered through a treacherous and crash-hit women's triathlon to take a bronze medal in her first Olympic appearance in the event
Team GB claimed their first gold in the pool in the French capital on Tuesday night as the team of James Guy, Tom Dean, Matt Richards and Duncan Scott successfully defended their Olympic 4x200m freestyle relay title.
There are further hopes for homegrown glory later today with Britain tipped to impress in the men's artistic gymnastics and the woman's canoe slalom.
Social media users were quick to comment on the sensational wins today, with one saying Team GB is 'on a roll'.
One 'X' user said: 'Hasn't it been amazing! Mum has had no meetings this morning so has been able to have it on in the background whilst she works in the garden. Team GB are on a roll now!'
'Team GB's Medal Rush Morning has been fantastic' added another.
Another said: 'What an emotional morning in Paris. The comeback, the sportsmanship, the sheer happiness and pride on the podium. Sport, at its best!'
Team GB star DISQUALIFIED after breaking little-known rule in ParisCommenting on this article has endedNewest{{#isModerationStatus}}{{moderationStatus}}
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The Trump administration is accusing the Biden-era “green bank” program of mismanaging $20 billion in funds — and now it wants to claw back the money
which is meant to help underserved groups access solar
and other technologies that reduce planet-warming emissions and clean the air
“The days of irresponsibly shoveling boatloads of cash to far-left activist groups in the name of environmental justice and climate equity are over,” Zeldin said
and reducing the expense of deploying electric school buses
“This is opening up new investments in rural communities, in low-income communities, that do not pencil otherwise,” Zach Friedman, senior director of federal policy for nonprofit group Ceres, told Canary Media in a Thursday interview
Zeldin claimed without evidence that the decision to put the $20 billion into a bank account not under EPA’s direct control was “purposefully designed to obligate all of the money in a rush job with reduced oversight.”
“The financial agent agreement with the bank needs to be instantly terminated
and the bank must immediately return all of the ‘gold bars’ that the Biden administration tossed off the Titanic,” he said
the EPA advisor said that the Biden administration’s work to commit climate and clean energy funding before the Trump administration took power “feels like we’re on the Titanic and we’re throwing
gold bars off the edge.” He also said that the goal of that work was to protect that funding from the threat of the Trump administration “taking that money away.”
Despite these court decisions, multiple grant recipients have told Canary Media and other media outlets this week that they remain unable to access grant money
Others reported that they could draw funds from the EPA’s grant disbursement portal on Friday but then were unable to do so on Monday
That freeze has affected access to legally obligated funds for hundreds of nonprofit groups
The EPA has shifted its rationale for withholding funding in the wake of court orders demanding a halt to the Trump administration’s actions
In an EPA memo obtained by Canary Media last Thursday
stated that the agency is looking into “several reports and investigations” that “have raised serious concerns with the implementation of certain grant programs and subsequent grant awards.” The memo’s sole citation of alleged impropriety was the same “gold bars” comment from the Project Veritas video
In a Friday email obtained by Canary Media
the EPA’s Office of the Chief Financial Officer cited the acting deputy administrator’s memo in instructing EPA budget and planning staff that a long list of Inflation Reduction Act and bipartisan infrastructure law programs should be “temporarily paused,” pending a “review for compliance with applicable administrative rules and policies.”
the EPA stated that it has restored funding as of Friday afternoon in accordance with the court orders
But the statement added that EPA personnel had “identified certain grants programs as having potential inconsistencies with necessary financial and oversight procedural requirements or grant conditions of awards or programs.”
The Greenhouse Gas Reduction Fund’s $20 billion had largely been viewed as protected from the risk of Trump administration interference due to the financial agency agreement
a former Federal Communications Commission chair under the Clinton administration and a longtime champion of green bank legislation
told Canary Media that the groups in charge of allocating the $20 billion all had “a contract with the government that tells us and our network partners what we must do
and we’re going to fulfill the contract.” Hundt formerly led the Coalition for Green Capital
It’s not clear how Zeldin might carry out his pledge to claw back the funds and “get them back inside of control of government as we pursue next steps.”
According to multiple individuals with knowledge of the matter who spoke to Canary Media and reporting from The Washington Post, the funds are held in an account controlled by Citigroup
Zeldin did not name Citigroup in his video statement but said that “there is zero reason to suspect any wrongdoing by the bank.” Citigroup did not immediately respond to a request for comment
Zeldin implied in his Wednesday video that the financial agency agreement for the Greenhouse Gas Reduction Fund had been hidden from public review
stating that “my awesome team at EPA has found the gold bars.”
former senior advisor and director of implementation at the EPA under the Biden administration
told The Washington Post on Wednesday that the agreement was developed “with extensive input from career staff at EPA and Treasury” and that the EPA’s Office of Inspector General was briefed “to ensure robust oversight systems were in place.”
An individual with knowledge of the program’s structure confirmed with Canary Media that it was reviewed and approved by career federal employees and disclosed to the Government Accountability Office and the EPA Office of Inspector General
who requested anonymity to share internal information without fear of retribution
said Citigroup was selected through a competitive procurement process by the EPA and the Treasury Department and that awardees played no part in the decision-making process
Zeldin said he intends to refer the matter to the EPA inspector general’s office and “work with the Justice Department.” The EPA currently has no inspector general, as the individuals holding those watchdog positions at the EPA and 16 other federal agencies were fired by Trump in his first week in office
an act that violates federal law and is being challenged in court
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A federal district court judge barred the U.S
Environmental Protection Agency from freezing its own green bank loans
including one for an affordable housing project in Oregon
Now that a federal judge has blocked the U.S
Environmental Protection Agency’s freeze on loans and grants from its green bank program
Robert Shepherd hopes his firm can finally begin work on renewable-energy and energy-efficiency elements of his affordable housing project
The EPA’s termination of $20 billion in green bank loans and grants and its freeze on related Citibank accounts have high-centered the energy portions of the $25.5 million Belmont Dairy Apartments and Lofts redevelopment project in the Sunnyside neighborhood of Portland
Chutkan enjoined the EPA from terminating awards of green bank financing for clean-energy
energy-efficiency and climate-resilience projects
While attorneys sort out the practical implications of the judge’s order
the order plainly directs Citibank to disburse program funds that were dedicated to projects before the mid-February suspension of project funding
It was under that suspension that Shepherd anxiously wondered about the fate of a 10-year
reduced-rate loan for $1.5 million that the EPA had set aside for the housing project
The loan was to upgrade the building’s energy systems so that his investment firm
with help from $6 million in loans from the Portland Housing Bureau
could guarantee affordable rental rates for 65 of the project’s 85 units for 99 years
Plans that Shepherd has pulled together over two years call for a 165-kilowatt solar system to max out the building’s roof space as well as heat pumps and energy-efficiency improvements
all to supplant a conventional boiler and construction inefficiencies
Shepherd is the founder and managing partner of Vital Housing
a mission-driven Seattle investment company that aims to return profits to investors while providing affordable housing – in this case
to residents making household incomes of 60% of the Portland median
Brokering the EPA loan was a member organization of Climate United
a key nonprofit litigant opposing the green bank termination and freeze
Money to fund the EPA loan was placed in a Citibank account for the Portland project
Shepherd calls the EPA’s action on its green bank a “dereliction of duty” that flew in the face of public priorities
“It makes all the sense in the world for government to participate in a public-private partnership to increase housing affordability and energy efficiency,” he said
Shepherd has juggled communication with his various stakeholders while launching work to improve the building’s roof
“We had all the subs (subcontractors) and third parties scoping so that we could be ready to go when everything was approached,” he said
Chutkan’s preliminary injunction this week was the second time she has ruled against the EPA in the case
she scolded the agency by saying it had shown no evidence of malfeasance that EPA officials had said prompted the green bank closure
the injunction does nothing to bar further litigation
A footnote in her order suggests that the EPA could appeal her injunction in coming days
Eastern time Thursday before releasing any grant or loan funding
Climate United applauded what appeared to be a victory at least for now
“Today’s decision gives us a chance to breathe,” a statement from Climate United quoted Chief Executive Officer Beth Bafford as saying
More articles from Ben Santarris
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One of the Inflation Reduction Act’s most celebrated programs — a nationwide “green bank” to help fund climate projects that struggle to secure private-sector loans — has also been one of the most reviled by Republican lawmakers
But the green bank program appears to be well positioned to survive the next four years
despite the fact that Republicans won control over Congress and the presidency earlier this month
That’s assuming the Trump administration follows the law and regulations that established the program
the administration will still have opportunities to slow the program down
“As a Democrat, of course I’m disappointed” in the election results, Reed Hundt, head of the Coalition for Green Capital (CGC)
one of the entities in charge of allocating green bank funds
there’s no change at all in what we’re going to do
It’s completely and totally business as usual.”
Hundt, the U.S. Federal Communications Commission chair during the Clinton administration, is a longtime champion of a national green bank.
More than a decade of work on the concept paid off in 2022 with the inclusion of a green bank program in the landmark IRA climate law
The idea is to create a nationwide version of the government-backed and nonprofit green banks now operating in 17 states
The law gave the EPA $27 billion to grant to states
can lend or grant funds to projects and initiatives across the country — and bring in other private-sector lenders and financial backers to boost the impact of the money
That means that CGC now has “a contract with the government that tells us and our network partners what we must do,” Hundt said
Having these funds “obligated” is important
D.C.–based policy and lobbying firm founded by Henry Waxman
“EPA is now under contract with all 68 awardees” across all of its programs
any attempt by the incoming administration to claw back or otherwise upend disbursement of obligated funds would be a breach of contract,” said Fischer
who led development and drafting of the GGRF while working at the U.S
“If they do try to meddle with contracts for unjustifiable reasons
and a former special assistant for domestic energy and environmental policy in the first Trump administration
“It’s going to be difficult, I think, for an EPA to come in and claw that back,” Catanzaro said during a November 14 panel discussion hosted by the law firm Norton Rose Fulbright
“I think you’re going to create some serious legal problems if you try to do that
[…] EPA worked pretty diligently to get the money out the door
knowing that the election could go south on them.”
That’s not to say that the GGRF won’t face attacks from the Trump administration or the Republican-controlled Congress
The program has “been a long-standing target of House Republicans and Republicans generally in the Congress since the IRA was finalized and EPA began work to figure out where that money would go,” Catanzaro said
Though the Trump administration may not be able to outright eliminate the GGRF program
several people who spoke to Canary Media on condition of anonymity said that the EPA under Trump could take actions to disrupt it
such as refusing to approve loans made by recipients
they said — but those disputes would take time to play out
leaving financing from the program in an extended state of limbo
the program’s best defense may be its value to communities in Republican-dominated states and congressional districts
“We’re going to be creating at least one economically self-sufficient green bank in every state,” Hundt said of CGC’s plans
This will direct a significant portion of funds to Republican states and congressional districts
CGC expects to fund a green bank in Ohio
the state represented by Vice President–elect J.D
Fischer highlighted that the GGRF program by law must “direct money to rural communities
which will by default result in a large focus on red places
just because of where the mapping shows those communities are located.”
“The awardees are starting to make investments
and that’s going to accelerate in the coming weeks and months and years
And a lot of those investments by statute are going to go to red and purple states and districts,” he said
The same goes for the Solar for All program, which is directing money to small-scale solar projects across the country, said Michelle Moore, CEO of Groundswell. The nonprofit received $150 million of the $750 million in Solar for All funds for work in Georgia
“Given the statutory focus of the program, nowhere stands to benefit more from Solar for All than small towns across rural America,” Moore told Canary Media. “Plus, the Southeast needs every electron it can get to meet its surging energy demand.”
So far, the loans from GGRF grantees have been spread across both blue and red states. The first financing from the program was a $31.8 million loan for Scenic Hill Solar
to build distributed solar projects for the University of Arkansas system
The loan was made in October by Climate United
a consortium that received $7 billion from the EPA
Climate United has also committed $250 million in financing to order up to 500 U.S.-built Class 8 electric trucks — the largest such order of electric trucks in the country — for small freight companies and independent truckers
starting with those serving California’s busiest and most heavily polluted seaports
CGC expects these financing structures will enable roughly $1.2 billion in total public and private-sector investment
That’s a key feature of the GGRF model
which uses public funding to reduce the financial risks of a project in order to lure private-sector lenders into markets that have yet to establish a track record
“Coventry is primarily about lowering the electricity bill for small businesses,” Hundt said
Energy efficiency has historically been a tough market for investors
but CGC hopes that its $100 million line of credit will “cause investment of 10 times the amount we contributed,” he said
and electric vehicles aren’t novel or untested technologies
banks simply haven’t offered loans for these technologies in the communities that the GGRF program is targeting
“It’s not like there’s a lack of capital out there,” Fischer said
“It’s just that the capital isn’t going into certain places.”
Nor are private-sector lenders locked out of making money by GGRF loans, said Beth Bafford, CEO of Climate United. As she told Canary Media last month, Climate United’s bulk order of electric big-rig trucks will help establish the resale value of electric trucks that banks are loath to finance today
and start to establish that residual value data” so that“traditional capital can come in and take it from there,” she said
Hundt pointed to a similar dynamic playing out for CGC’s loan to Highland Electric to support electric school bus deployments already being funded by the EPA’s Clean School Bus Program
Offering lower-cost financing for these electric school bus deployments means “school districts are going to pay less for transportation,” Hundt said
“If your view is that school districts are spending too much money
you want them to work with Highland to help them pay less
If your view is that property taxes should be lowered to pay less for education
then you like what Highland is doing.”
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Memphis will be getting a "Green Bank," an organization focused on financing environmental sustainability projects
state and federal officials announced Tuesday
The Memphis Metropolitan Green Financial Corporation
will be a subsidiary of the Memphis Metropolitan Land Bank Authority and focus on improving energy efficiency and environmentally sustainable infrastructure and business upgrades
"The Memphis Metropolitan Green Financial Corporation provides education awareness for projects that promote energy efficiency
green infrastructure and renewable energy," said Beverly Robertson
"These initiatives are crucial for reducing energy costs
mitigating the heat island effect and lowering carbon initiatives."
The Tennessee Valley Authority provided $150,000 in seed funding for the organization
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The board is made up of a number of Memphis locals
More funding will be needed to get the Green Bank off the ground
but Norton said during Tuesday's press conference that she was hopeful that the organization will get a $20 million grant investment from the U.S
"We know that this is a multi-million dollar effort that is going to require other banks
other philanthropists in Memphis and Shelby County to invest
We also know we're going to support LaTrecia [Adams] and continue to apply for grants
Because the problem that we are seeking to solve is substantial."
5 May 2025 12:52:29 GMT.Your computer's time: document.write(new Date().toUTCString());.