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EDMONTON - The Alberta government has announced plans to ban new mountaintop removal and open-pit coal developments on the eastern slopes of the Rocky Mountains, but the new rules wouldn’t apply to advanced projects like a contentious mine proposed for the Crowsnest Pass. Energy and Minerals Minister Brian Jean announced Friday the new policies expected in late 2025, along with a round of consultations with industry players on how to implement them. Jean said under the “long overdue” rule revamp, all coal mining projects would be held to the highest environmental standards. “Our job will be to develop a policy that will attract investment and create jobs while respecting and protecting the air, land, water and wildlife,” he said. Jean said royalty revenues are also to be “substantially increased,” with rates to be revised after the consultations. “They’re too low. We’re going to bring them up,” he said of the province’s current rates. The new bans wouldn’t apply to advanced proposals, including the proposed Grassy Mountain open-pit mine in the Crowsnest Pass, which has been fought by environmental groups and communities downstream. Alberta Energy Regulator hearings into that project are to continue in January. Jean said the Grassy Mountain project, which aims to reclaim a site that was mined over 60 years ago but was never properly restored, would be monitored closely if approved. He said the province needs to find innovative ways to clean up those contaminated sites. “I hope (Albertans) look at us and say, ‘Wow, that’s smart. What a smart government,’” he said. Concerns over coal mining blew up in spring 2020, when the province announced it would remove rules that had protected the eastern slopes of the Rockies from open-pit coal mining since 1976. Public reaction was swift and angry, and the United Conservative Party government reinstated the protections and stopped selling exploration leases. Friday’s announcement also comes three years after the government received a report and recommendations on the issue, including public feedback ranging from environmental concerns to dissatisfaction with the regulatory process. Jean said the COVID-19 pandemic, last year’s provincial election and fights with the federal government over resource jurisdiction led to the delay of the new initiative. NDP Leader Naheed Nenshi said the plan to collect more royalties represents a plan to increase production in Alberta, with no economic benefit and a lot of environmental risk. “They may want to mess around with the rates, but what they really are trying to do is increase the amount of coal mining in the province,” he said. He said the policy previously in place since 1976 was lifted for a brief period so the UCP could “sneak” a few projects through the regulatory process. “It’s economically illiterate. It’s not going to create the jobs and the economic benefits that we need in Alberta,” Nenshi said. Under the new rules, companies would be required to show they can prevent toxic selenium from leaching into watersheds. Jean said technology, including “high wall mining” to catch overburden, the layer of soil and rock that sits above coal, would be used to keep it in check. But NDP environment and protected areas critic Sarah Elmeligi said she’s skeptical technology to remove selenium from waterways works at scale, outside a lab. “That technology doesn’t currently exist and, if it does, I would love to see it.” This report by The Canadian Press was first published Dec. 20, 2024.AUSTIN, Texas — Any Texas or Texas A&M player has heard the lore of the rivalry between the two schools, a grudge match that dates to 1894. But for more than a decade — two generations of college football players — that's all it has been: Ghostly memories of great games and great plays made by heroes of the distant past. That changes this week when one of college football's great rivalries is reborn. Third-ranked Texas (10-1, 6-1) and No. 20 Texas A&M (8-3, 5-2) meet Saturday night for the first time since 2011, with a berth in the Southeastern Conference championship game on the line. "Guys that have been in my position and bleed burnt orange, they have not gotten to play this game," said Texas fourth-year junior safety Michael Taaffe, who grew up in Austin. "Remember them when you step on Kyle Field." For Aggies fans, who have carried the misery of Texas' 27-25 win in 2011, getting the Longhorns back in front of a frenzied crowd in College Station is a chance for some serious payback. "I was born and raised an Aggie, so I've been dreaming about playing in this game my whole life," Texas A&M offensive lineman Trey Zuhn III said. Zuhn played high school football in Colorado, but his parents and grandparents attended A&M. At SEC media days back in August, Zuhn said his family would turn Texas gear upside down in stores. He keeps a picture of a longhorn in his room, hanging upside down, of course. "It should be the most amazing atmosphere that I've ever experienced," Zuhn said. "I can't wait for that, and I feel bad for Texas having to play in that." Texas players said they are ready. "That place is going to be rocking," Texas senior cornerback Jahdae Barron said. "It's good to go on the road and play in hostile environments." The Longhorns have overcome big and loud road crowds before. They won at Alabama in 2023. They won at Michigan and Arkansas, another old rival, this year. The Longhorns have won 10 in a row on an opponent's home field. "When the hate is on us, we love it. We enjoy it," Taaffe said. But some former Texas players say the current group has faced nothing like what awaits them in College Station. Playing at Texas A&M is more than just noise and a lot of "Horns down" hand signals. The "Aggie War Hymn" fight song calls for Aggies to "Saw varsity's horns off." Beating Texas is their passion, said former Longhorns All-American offensive lineman Dan Neil, who won at Texas A&M in in 1995. He calls that win one of the best of his career. "I was done showering and getting ready to leave, and their fans were still standing outside the locker room screaming and throwing things," he said. "The (Texas) players have no idea what they are walking into. They have no clue. No one on that team has walked into that stadium in burnt orange." The rivalry broke up when Texas A&M left the Big 12 for the SEC in 2012. The Aggies have twice finished tied for second but have otherwise found little success there. Texas is in its first year in the SEC and has smashed its way to the top. Texas is the only SEC team with one loss this late in the season, which would make beating Texas that much sweeter for A&M. "The hype is definitely saying it's a rivalry. History says it's a rivalry, but for us, it's the football game we have this week," Texas senior center Jake Majors said. "It's important for us to not let the environment, the game, get the best of us. ... I get to go out there and play not only for me and my team, but for the guys who came before me, so that's a true honor to have." Even though the game hasn't been played since 2011, there has always been an element of the rivalry simmering under the surface, Texas A&M coach Mike Elko said. Elko is in his first year as the Aggies' coach, but he was the Texas A&M defensive coordinator under Jimbo Fisher from 2018-2021. "Even though it hasn't been played, it just doesn't feel like it's ever really left the fabric. I really don't think it's as removed from the psyche as maybe it feels," Elko said. "I think our kids are very much aware of what this is all about."Barclays PLC raised its stake in shares of Burke & Herbert Financial Services Corp. ( NASDAQ:BHRB – Free Report ) by 204.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,225 shares of the company’s stock after purchasing an additional 14,915 shares during the period. Barclays PLC owned 0.15% of Burke & Herbert Financial Services worth $1,357,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also made changes to their positions in BHRB. HHM Wealth Advisors LLC purchased a new stake in shares of Burke & Herbert Financial Services in the second quarter worth about $29,000. LSV Asset Management purchased a new stake in shares of Burke & Herbert Financial Services during the 2nd quarter worth approximately $108,000. Quantbot Technologies LP purchased a new stake in shares of Burke & Herbert Financial Services during the 3rd quarter worth approximately $118,000. Truist Financial Corp bought a new position in shares of Burke & Herbert Financial Services during the 2nd quarter valued at approximately $202,000. Finally, TIAA Trust National Association purchased a new position in shares of Burke & Herbert Financial Services in the second quarter valued at $213,000. Burke & Herbert Financial Services Price Performance NASDAQ:BHRB opened at $62.44 on Friday. The firm has a market capitalization of $934.60 million and a price-to-earnings ratio of 8.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $67.13 and a 200-day simple moving average of $61.99. Burke & Herbert Financial Services Corp. has a 1 year low of $46.00 and a 1 year high of $75.32. Burke & Herbert Financial Services Increases Dividend Insiders Place Their Bets In other Burke & Herbert Financial Services news, Director Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $68.75 per share, for a total transaction of $206,250.00. Following the completion of the acquisition, the director now owns 182,939 shares in the company, valued at $12,577,056.25. This represents a 1.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, Director Gary L. Hinkle purchased 1,548 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $68.50 per share, with a total value of $106,038.00. Following the completion of the purchase, the director now directly owns 238,355 shares in the company, valued at $16,327,317.50. The trade was a 0.65 % increase in their position. The disclosure for this purchase can be found here . Insiders bought 8,950 shares of company stock valued at $614,711 over the last three months. 9.65% of the stock is owned by company insiders. Wall Street Analyst Weigh In A number of equities research analysts recently issued reports on the stock. DA Davidson started coverage on shares of Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They set a “buy” rating and a $76.00 price target on the stock. Keefe, Bruyette & Woods upped their target price on shares of Burke & Herbert Financial Services from $72.00 to $79.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. View Our Latest Stock Report on BHRB Burke & Herbert Financial Services Profile ( Free Report ) Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. Further Reading Five stocks we like better than Burke & Herbert Financial Services Business Services Stocks Investing Buffett Takes the Bait; Berkshire Buys More Oxy in December Stock Trading Terms – Stock Terms Every Investor Needs to Know Top 3 ETFs to Hedge Against Inflation in 2025 3 Grocery Stocks That Can Help Take a Bite Out of Inflation These 3 Chip Stock Kings Are Still Buys for 2025 Want to see what other hedge funds are holding BHRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burke & Herbert Financial Services Corp. ( NASDAQ:BHRB – Free Report ). Receive News & Ratings for Burke & Herbert Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burke & Herbert Financial Services and related companies with MarketBeat.com's FREE daily email newsletter .
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Michigan aims to cap lost season by beating Ohio StateBy Tom Hals (Reuters) -Arm Holdings’ lawsuit against Qualcomm ended on Friday with a jury delivering a mixed verdict that found for Qualcomm on a crucial issue, saying Qualcomm had properly licensed its central processor chips. Arm’s shares were down 1.9% in extended trading after the news, and Qualcomm’s shares were up 2.3%. An eight-person jury in U.S. federal court deadlocked on the question of whether Nuvia, a startup that Qualcomm purchased for $1.4 billion in 2021, breached the terms of its license with Arm. But the jury found that Qualcomm did not breach Nuvia’s license with Arm. The jury also found that Qualcomm’s chips created using Nuvia technology, which have been central to Qualcomm’s push into the personal computer market, are properly licensed under its own agreement with Arm, clearing the way for Qualcomm to continue selling them. (Reporting by Tom Hals in Wilmington, Delaware; writing by Stephen Nellis in San Francisco; Editing by Leslie Adler, Chizu Nomiyama and Pooja Desai) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );