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In a political moment where voters across the globe are in the mood for change, Premier David Eby’s government, after days of dramatic recounts, was returned to office for a second mandate. Recognizing these are challenging times for incumbents, the premier was quick to announce the reorganization of the government he inherited from former premier John Horgan just two years earlier. Major changes were made to both the organizational structure of the natural resource ministries and the people in charge of it. The new ministry of energy and climate solutions is a smart move, where accountability for all things energy and climate rests with Minister Adrian Dix, a seasoned political veteran with a reputation for getting things done. The new ministry reflects the reality that the world now invests almost twice as much in clean energy as it does in fossil fuels. In 2024, global energy investment is set to exceed US$3 trillion, with US$2 trillion going to clean energy technologies and infrastructure. Spending on renewable power, grids and storage is now higher than total spending on oil, gas and coal, with clean energy employment surpassing that of fossil fuels globally in 2021. Creating a combined energy and climate ministry reflects an important fact: climate and energy are two sides of the same coin. Similarly, the creation of the new ministry of mines and critical minerals acknowledges the province’s mineral wealth and ability to both mine and process these materials in B.C. Helping meet clean-energy-driven demand for critical minerals is a major economic opportunity for the province. Indeed, the global battery market is set to triple in size from US$120 billion in 2023 to US$330 billion in 2030. What’s yet to come, however, are the minister’s mandate letters that will spell out the government’s detailed agenda. It will be tempting to look south of the border at the incoming Trump administration and the political winds of change blowing here in Canada as indicators of where the global economy is headed. But the Eby government must not lose sight of the global picture, where countries around the world are accelerating the deployment of clean energy and technologies. In fact, even the incoming Trump administration is being lobbied by the automotive and fossil fuel industries to keep the U.S. in the Paris Climate Agreement and maintain U.S. President Joe Biden’s clean energy tax credits and EV incentives. Combine this pressure with state-led leadership from California and others, and it’s unclear whether “drill, baby, drill” will indeed become the U.S.’s prevailing economic narrative. Fortunately, the Eby government took some bold first steps in its previous mandate to align B.C.’s economy with this new reality. During his two years as premier, Eby has taken the province’s clean energy future seriously, implementing a number of important changes , such as increasing energy infrastructure investments and providing a credible vision for how the province can best leverage its clean energy advantages. What’s required now is largely the implementation of Eby’s first-term commitments, including the development of an oil and gas emissions cap and support for household clean technologies that help drive down both home energy bills and emissions (often adding cooling to homes that now need it). The new government also needs an action plan to implement the government’s energy strategy, Powering Our Future , to ensure B.C. has sufficient clean electricity for the years ahead. It should prioritize streamlining permitting and regulatory processes for clean energy projects while advancing Indigenous reconciliation and environmental protection. B.C. is poised to prosper. The province’s clean technology sector — currently home to seven of the world’s 100 most promising cleantech firms — will be in high demand as the global market for solar, wind, EVs, batteries, electrolysers and heat pumps is set to rise from US$700 billion in 2023 to more than US$2 trillion by 2035, which is close to the value of the world’s crude oil market in recent years. This, again, is where the world is headed even without further speeding up the clean energy transition. What’s more, analysis from Clean Energy Canada shows that, in a world where Canada and B.C. remain on track to net zero by 2050, over 400,000 clean energy jobs would be created in the province, up from some 83,000 in 2025, representing an annual growth rate of six per cent. Eby has set the province on a path to an affordable, prosperous future, but the journey has only just started. Developments south of the border provide an opportunity for B.C. to step up and fully align its economy with where the global market is headed. Mark Zacharias is the executive director and Evan Pivnick is the clean energy program manager at Clean Energy Canada, a think tank at Simon Fraser University’s Morris J. Wosk Centre for Dialogue.
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Sun Insurance Company Ltd has reported an unaudited post-tax profit of $5.06 million. This is the result for the first nine months of the current fiscal year, which ended on September 30th. The newly listed company on the stock exchange says they have significantly surpassed investor expectations with these results. The post-tax profit of over $5million represents a growth of 766 percent when compared to the corresponding period of 2023, where the unaudited post-tax profit stood at $0.58 million. Company Board Chair, Padam Lala says the growth in profitability is attributed to an improved claims loss ratio mainly due to lower fire claims in the current period as compared to the same period last year. Lala says in terms of revenue, Sun Insurance has also made substantial strides, recording a turnover of $27.9 million for the first three quarters of 2024. He adds that this is a notable increase from the $22.6 million turnover achieved for the same period of the previous year, highlighting the company’s robust growth trajectory aided through. Lala says given the challenging global environment marked by lower economic growth, their achievement is commendable in addition to the fact that the year 2023 had unprecedented number of claims. The company also reported its first-ever post-IPO interim dividend of $2.5 million based on its nine-month performance.
Canada didn't live up to its values on immigration in recent years, Carney saysTrump’s tariffs in his first term did little to alter the economy, but this time could be differentThe mom of three said on the 'Today' show on Nov. 27 that it "made my whole Thanksgiving" when her co-anchor gave her a sign on the air during last year's parade Nathan Congleton/NBC/NBCU Photo Bank via Getty Between the floats, the performances, the celebrity appearances and, of course, Santa, there will be plenty to watch for during the — but and will give show viewers a little something extra to watch for on Thursday, Nov. 28. On the Nov. 27 episode of , Bush Hager, 43, and Kotb, 60, recalled how they came up with a secret sign for Kotb to perform on the air during last year’s parade, which she co-anchored with . “Last year, Hoda and I came up with this secret symbol, which was Hoda brushing her teeth with a finger, remember?” Bush Hager said. Related: Kotb did remember. “That was the indicator that I was thinking about Jenna,” she said. According to Kotb, Guthrie, 52, “had no clue” about the gesture’s meaning. “Just so you’re clear, nobody knew that except all of you and Hoda and me,” Bush Hager continued. “So even Savannah, she said later to me, ‘Why’d she do that?’ ‘Cause she was like, ‘Doesn’t she know she’s on TV?’ So I’m just asking since this is our last Thanksgiving together, would you do another symbol for me?” Nathan Congleton/NBCU Photo Bank/NBCUniversal via Getty Kotb, who will be in January, complied. “I’ve been thinking a lot about the symbol,” Kotb said. “I’ve been thinking like, what could it possibly be? And there’s only one thing It could be. So, I don’t know if you guys remember, but there’s a song called ‘RockaFellaCenta’ that does with , and there’s a part of it where he says, ‘I’m waiting outside and I’m looking for Jenna Bush Hager, Jenna Bush Hager.’ Whenever I see Jenna, I go like this.” The mother of two proceeded to put up two fists and shake them towards herself like Yang, 34, does in the video. “It’s sort of our call sign,” Bush Hager explained. Kotb decided that that should be her secret gesture for Bush Hager this year and had her co-anchor act out a scenario in which she did it while commentating on the parade “Watch for it!” Kotb said. Alliance for Women in Media Foundation/Getty Images Bush Hager also asked viewers to keep it a secret from Guthrie. “Don’t tell Savannah, you guys!” she implored. The author admitted that last year, she actually missed Kotb doing their secret teeth brushing move live during the parade because her Christmas tree had fallen down. Luckily, viewers let her know about it on social media. Related: “Last year you really did a solid for me because last Thanksgiving, we decided to put up our Christmas tree on Thanksgiving Day because we read that there was a sale at Whole Foods,” Bush Hager said. “And so raced down and unfortunately, our tree fell over at the beginning of the parade with all the stuff on it, over, over. Henry was trying to put the star on it, collapsed. I may have never told you. But so I had paused it and because I was looking for this moment and somebody texted me and tons of Xers or tweeters or whatever, Insta, ‘Hey Jenna, go, go! She did it!’ So then we got to watch.” Bush Hager said that catching that moment “made my whole Thanksgiving.” The Macy’s Thanksgiving Day Parade will air Thursday, Nov. 28, on NBC and Peacock, starting at 8:30 a.m. ET.
"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.SCROLL, PLAY, REPEAT | NEW vivo Y19s delivers vibrant display and smooth performance
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Since the earliest days of computing, enterprises have used backups to keep their business-critical information protected. A successfully established cloud backup posture ensures the organization goes untouched during unforeseen events like natural disasters or system failure. However, even after multifold growth in the scale and complexity of enterprise tech stacks, the approach to setting up these backups has largely remained the same: static and error-prone. To fix this, Eon , an Israel and New York-based startup founded by a team of ex-AWS engineers, has come up with a new cloud-native backup solution that continuously maps and backs up resources for enterprises, depending on the type of data involved. Most importantly, once these backups are ready, it makes them usable by allowing users to retrieve specific files or records according to their needs. The year-old company is challenging the status quo in the cloud backup domain, giving enterprises an entirely new outlook on how they can back up their datasets and applications and utilize those backups when in need. According to Gartner , companies are spending $596 billion on cloud infrastructure and planning to increase their investments to over $720 billion in 2025. Out of this, about 10% goes to backup infrastructure, translating into millions per enterprise yearly. The company was founded a year ago and is already making waves with its patented back storage technology. It has roped in dozens of customers across sectors and raised nearly $200 million in funding, with the latest round of $70 million valuing the company at $1.4 billion. Traditional cloud backup doesn’t keep up Today’s enterprises heavily depend on cloud infrastructure, thanks to its ability to scale quickly and efficiently. Each cloud instance can potentially host a variety of AI and ML applications and petabytes of data, utilizing virtual machines with block storage, object storage, elastic file systems, databases, data lakes and data warehouses . In this massive, fast-moving ecosystem, creating a cloud backup becomes quite a task. First, one has to cover an endless, rapidly growing wave of cloud assets, from every active application and database to resources that have been shut down or moved. Then, after identifying the resources, they have to manually tag them with metadata labels (key-value pairs for easier organization and filtering) and create snapshots. These are point-in-time backups that can be configured with varying retention periods, allowing users to restore the assets at any given time within the retention window. Over the years, these snapshots have evolved, providing enterprises with capabilities like automation (after initial configuration) and encryption. However, on a granular level, they haven’t kept up with enterprise needs and their cloud environments that spiraled out of control. Resources still have to be tagged on a massive scale, which can be time-consuming and error-prone, and the cloud backup has to be restored in the form of full servers/volumes, even when the need is just to recover a few specific files. Ofir Ehrlich, who founded CloudEndure with Gonen Stein and Ron Kimchi and later sold it to Amazon to bolster AWS’ disaster recovery and cloud migration efforts, saw this problem firsthand when working with the company’s large enterprise customers. “The challenge with these traditional snapshots is that they are costly, and act like black boxes, making it difficult to locate specific files or database records, search through them, and retrieve precise data. This complexity leads to higher costs, operational inefficiencies, and slower recovery times—issues that become critical during emergencies,” Ehrlich told VentureBeat. As a result, the trio left AWS and launched Eon in January 2024 with a mission to provide enterprises with smarter, more capable backups. How exactly Eon stand out from the crowd? While most other companies providing cloud backup solutions, including Rubrik , Cohesity , Commvault and AWS Backup, continue to rely on traditional snapshots, Eon took a different approach by developing its own Eon Snapshots, based on cloud-based storage that is optimized specifically for backups. Ehrlich says these snapshots make backup data instantly accessible and searchable, allowing users to locate specific files or database records, search through them, and retrieve precise information. At the core, Eon creates snapshots by automating resource mapping, classification and policy association. It keeps on scanning cloud resources on an ongoing basis, automatically mapping and classifying them based on environment type—whether production, development, staging, or QA—and data sensitivity, such as personally identifiable, health or financial information. Once the resources are mapped, it applies customized backup retention policies in line with the enterprise’s specific business and compliance requirements. This ensures the data is not under or over-backed up. After creating the snapshots, the company makes them accessible to users, with global search across all the backed-up data, granular restoration and seamless recovery between multiple cloud providers (AWS, Azure, GCP). This gives users the ability to not only locate and restore relevant data – down to specific files – but also run SQL queries directly on the backed-up databases to retrieve specific records from tables or spreadsheets. This smart restoration ability saves the hassle of restoring/provisioning full databases and can even be used by teams for running analytics, forensics and audits right on top of their backups. The snapshots use machine learning under the hood to remember which cloud application or system the data is connected to, thereby ensuring the connection is maintained as and when the information is restored/retrieved. This also prevents misconfiguration or unauthorized access to data. “Eon stands out in its ability to deliver instant access to specific data. The solution provides precise, file-level restorations across multiple cloud providers without the need to restore entire servers or databases, enabling enterprises to find individual files and database records in seconds,” Ehrlich noted. With this approach of automated tagging and instant retrieval, Eon is essentially making cloud backups smart and immediately usable — unlike what’s been the story so far. It even helps reduce costs and operational burdens by excluding unnecessary resources (during mapping) and shortening data retention periods per business requirements, achieved through context-aware backup policy management. “This work allows us to deliver a better product that replaces traditional, expensive, and black-boxed snapshots, with an alternative that is more cost-effective, autonomously managed and easily usable through instance access,” the CEO added. He did not share the specific cost benefits involved but noted that the company only charges for backed-up storage on a pay-as-you-go basis, with no fees for real-time backup or instant access/lookups. As of now, Eon is working to scale its offering and actively engaging with dozens of companies across industries such as travel and hospitality, media and entertainment, food services, gaming, financial services, insurance companies, and retailers. Ehrlich noted that they already have numerous deployments in place, without sharing specific customer details. However, it will be interesting to see how the company continues to differentiate in the highly competitive cloud backup space. Currently, its smart search and retrieval ability is the differentiating factor (with dozens of patents for cloud storage and data management technologies already filed), but other backup solutions are also beginning to catch up. Commvault, for example, has already started offering capabilities like automated tagging and dependency-based restores. Stay in the know! Get the latest news in your inbox daily By subscribing, you agree to VentureBeat's Terms of Service. Thanks for subscribing. Check out more VB newsletters here . An error occured.
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