Connect with us

Business

‘This bill protects our precious waters’: how a Florida environmental group scored a win against big oil | Florida

Published

on


The giant and catastrophic Deepwater Horizon oil spill, also known as the BP oil spill, didn’t reach Apalachicola Bay in 2010, but the threat of oil reaching this beautiful and environmentally valuable stretch of northern Florida’s Gulf coast was still enough to devastate the region’s economy.

The Florida state congressman Jason Shoaf remembers how the threat affected the bay.

“It harmed our commercial fishing, aquaculture operations, and just the threat of oil kept tourists away for months,” Shoaf recalls. “Businesses were forced to close, jobs were lost, and the disaster reshaped our region forever.”

Those memories were freshly triggered in April 2024, when the Florida department of environmental protection (DEP) granted a permit to Louisiana-based Clearwater Land and Minerals for exploratory oil drilling on the Apalachicola River basin. So area residents, along with environmental and business groups, formed a Kill the Drill coalition to oppose the permit.

A year later, the coalition’s efforts and an administrative challenge to the DEP’s permit by the non-profit Apalachicola Riverkeepers prevailed when Judge Lawrence P Stevenson recommended the department deny the permit.

In May, the DEP reversed course and denied the permit.

But that was not enough to convince those seeking to preserve the region’s environment. Shoaf, who represents Florida’s north-eastern Gulf coast region, applauded the DEP’s decision but says the threat of oil exploration and drilling near north Florida’s inland waterways would only be ended by a permanent ban. So to prevent future threats and the DEP from issuing other oil exploratory drilling permits, Shoaf and state representative Allison Tant co-authored House Bill 1143.

“While the permit to Clearwater Land and Minerals was denied, we can’t assume the next one will be,” Shoaf says. “HB 1143 protects our precious water resources and the ecosystems that depend on them by prohibiting drilling, exploration and production of oil, gas and other petroleum products within 10 miles of a national estuarine research reserve in counties designated as rural areas of opportunity. It also requires the Florida department of environmental protection to ensure natural resources are adequately protected in the event of an accident.”

In April, the legislature overwhelmingly passed HB 1143 with only one dissenting vote in the Senate. It was presented to Florida’s governor, Ron DeSantis, on 18 June. And, despite a poor recent record on protecting the environment, DeSantis signed the bill last week – handing the coalition that lobbied for it a cheering victory.

The area now saved from the oil industry is invaluable both to nature and the people who live there. The Apalachicola River, formed by the meeting of the Chattahoochee and Flint rivers, flows 160 miles (258km) to the Apalachicola Bay and the Gulf. Both the river and bay are critical to the region’s tourism and seafood production industries.

For environmental campaigners, the success of their efforts might help lay to rest the ghosts of the Deepwater Horizon oil rig explosion, which released nearly 3.19m barrels of oil into the gulf.

“Oil from the BP spill didn’t reach our coasts, but the damage caused by the threat was enough,” Tant says. “We’ve seen what can happen. We’ve lived it. This is not theoretical. It was a perilous time for small businesses and for those who lived in the area. It stopped tourism and shuttered small businesses. So it defies logic to think it’s a good idea to drill for oil along the Apalachicola River.”

Adrianne Johnson is executive director of the Florida Shellfish Aquaculture Association which represents more than 350 shellfish farmers in Florida. Johnson, an Apalachicola native, became involved in the Kill the Drill movement for personal and business reasons.

“This region has a deep collective memory of how the Gulf oil spill devastated the regional economy and collapsed the oyster industry in Apalachicola Bay,” Johnson explains. “And that was just the threat of oil. The majority of the state’s oyster farms operate across Wakulla, Franklin and Gulf counties, and these areas downriver would be most impacted by oil drilling upriver (at the proposed site in Calhoun county). If there were to be a spill upriver because of drilling in the basin, it would have catastrophic environmental and economic impacts on the area that would be felt for generations.”

Johnson also points to the region’s frequent weather-related natural disasters, such as hurricanes, as another reason why drilling had to be banned in the region.

skip past newsletter promotion

“Our shellfish farmers are still recovering from the multiple hurricanes of 2024,” she explains. “But the reality of being a Florida farmer is having to contend with these weather-related events. Hurricanes and natural disasters are outside of our control. Permitting oil drilling in ecologically sensitive areas is very much within our control and is an unnecessary threat to our industry.”

Tant agrees.

“We are a hurricane-prone state,” she says. “We can’t get away from that. It’s not a question of will we get hit by a hurricane because we know it’s going to happen. But an oil spill caused by a hurricane would make the disaster 100 times worse.”

According to the National Oceanic and Atmospheric Administration (Noaa), the Deep Horizon oil spill caused the loss of 8.3 billion oysters, the deaths of nearly 105,400 sea birds, 7,600 adult and 160,000 juvenile sea turtles, and a 51% decrease in dolphins in Louisiana’s Barataria Bay.

Craig Diamond, current board member and past president of Apalachicola Riverkeeper, says another factor behind the ban was the river system itself.

“A spill would be highly impactful given the existing stresses in the system,” says Diamond, who has worked with the Northwest Florida Water Management District and taught graduate courses on water resources at Florida State University. “Apalachicola Bay Riverkeeper and its allies believe the long-term risks of fossil fuel exploitation in the floodplain or bay (or nearshore) far outweigh the short-term benefits.”

Shoaf says he was inspired to write HB 1143 by the community’s grassroots efforts to defend the region’s natural resources.

“This bill is essential to prevent unnecessary and irreparable harm to Apalachicola Bay, as well as the economies and ecosystems that depend on it,” he says.

After DeSantis signed the bill into law, the threat of drilling has now receded into the distance for the foreseeable future.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Can AI run a successful vending business? An AI startup tested it out

Published

on


Because AI isn’t (yet) able to physically restock the machine, the AI model could email company employees who handled such tasks. Beyond that, however, the AI model, dubbed Claudius for the experiment, was tasked with many of the responsibilities of a traditional operator, including selecting and maintaining inventory, setting prices and maximizing profit.

The upshot: “If Anthropic were deciding today to expand into the in-office vending market, we would not hire Claudius,” the company wrote in its blog.

The experiment showed that while the AI model was effective at tasks such as identifying suppliers, adapting to users’ requests and “jailbreak resistance,” as Anthropic employees tried to trick Claudius into stock sensitive items, Claudius failed as a convenience service operator because it ignored profitable opportunities, instructed customers to make payments at a Venmo address it had imagined (instead of the one created), sold products at a loss, offered excessive discounts and mismanaged inventory.

Although version one of Project Vend wasn’t successful at the bottom line, Anthropic predicts that AI middle managers will come to pass. “It’s worth remembering that the AI won’t have to be perfect to be adopted; it will just have to be competitive with human performance at a lower cost in some cases,” the company wrote in its blog.

Read the full story here.



Source link

Continue Reading

Business

Suntory Global Spirits chooses Globant to build a Commercial Insights AI Agent and unlock Business Intelligence at Scale

Published

on


Suntory Global Spirits chooses Globant to build a Commercial Insights AI Agent and unlock Business Intelligence at Scale

Suntory Global Spirits chooses Globant to build a Commercial Insights AI Agent and unlock Business Intelligence at Scale

PR Newswire

NEW YORK, July 7, 2025


  • Globant is partnering with Suntory Global Spirits to build a generative AI-powered Commercial Insights Agent
  • With the Agent, Suntory Global Spirits employees can access data insights and self-service intelligence, speeding up decision-making across product development, marketing, sales and strategy

NEW YORK, July 7, 2025 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced a reinvention partnership with Suntory Global Spirits, the world leader in premium spirits, to build and deploy a generative AI-powered Commercial Insights Agent. By compressing days of work into seconds and supporting real-time decision-making for sales, marketing, and strategy, Globant’s Commercial Insights Agent is transforming operations for the beverage company.



The AI-powered agent can interpret complex business questions across dashboards, reports, and unstructured documentation for Suntory Global Spirits, eliminating the need for manual insight requests. By automating insight retrieval, the Commercial Insights Agent reduces operating costs tied to traditional business intelligence workflows and significantly reduces time-to-action. What once required multiple cycles of back-and-forth between business and analytics teams can now be executed on demand, freeing up employees to focus on higher-value strategic tasks.

“Our work with Suntory Global Spirits exemplifies how visionary companies can harness the power of agentic and generative AI to fundamentally transform the way they operate,” said Santiago Noziglia, Retail, CPG and Automotive AI Studio CEO at Globant. “The Commercial Insights Agent is more than a productivity tool; it’s a strategic enabler that redefines how teams access knowledge, make decisions, and unlock growth. Together, we’re pushing the boundaries of what’s possible when building an AI-powered enterprise.”

Additional benefits of the Commercial Insights Agent include:

  • Self-serve decision support at scale: Teams at Suntory Global Spirits, especially across marketing, sales and product management, can independently access data insights, ask questions, or generate reports without bottlenecks or dependencies on other teams.
  • Contextual recommendations powered by GenAI: The Commercial Insights Agent is trained on internal data to provide contextual GenAI recommendations that speed up decision-making.
  • AI Agent foundation: The Commercial Insights Agent is just the beginning for Suntory Global Spirits, which can now use the agent as a template for new use cases across brand planning, commercial forecasting and innovation pipelines.

To learn more about Globant’s AI-powered tools, visit https://www.globant.com/enterprise-ai.

About Globant

At Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our expertise in AI. We dare to digitally transform organizations and strive to delight their customers.

  • We have more than 31,100 employees and are present in 36 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.
  • We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers (2024) by IDC MarketScape report.
  • We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.
  • We were featured as a business case study at Harvard, MIT, and Stanford.
  • We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

Contact: pr@globant.com
Sign up to get first dibs on press news and updates.
For more information, visit www.globant.com.



View original content to download multimedia:https://www.prnewswire.com/news-releases/suntory-global-spirits-chooses-globant-to-build-a-commercial-insights-ai-agent-and-unlock-business-intelligence-at-scale-302499192.html

SOURCE GLOBANT


The articles, information, and content displayed on this webpage may
include materials prepared and provided by third parties. Such
third-party content is offered for informational purposes only and
is not endorsed, reviewed, or verified by Morningstar.

Morningstar makes no representations or warranties regarding the
accuracy, completeness, timeliness, or reliability of any third-party
content displayed on this site. The views and opinions expressed in
third-party content are those of the respective authors and do not
necessarily reflect the views of Morningstar, its affiliates, or employees.

Morningstar is not responsible for any errors, omissions, or delays
in this content, nor for any actions taken in reliance thereon.
Users are advised to exercise their own judgment and seek independent
financial advice before making any decisions based on such content.
The third-party providers of this content are not affiliated with
Morningstar, and their inclusion on this site does not imply any
form of partnership, agency, or endorsement.



Source link

Continue Reading

Business

AI Company Buys Bitcoin Miner in $9 Billion Deal to Expand Data Power

Published

on

By


AI cloud provider CoreWeave announced it will acquire bitcoin mining firm Core Scientific in an all-stock transaction valued at approximately $9 billion, according to Reuters.

As AI workloads continue to surge, energy-hungry data centers have become a crucial asset. Firms like CoreWeave, which began as a crypto miner and later transitioned into AI infrastructure, are aggressively expanding their access to power and physical computing capacity. Per Reuters, the acquisition will give CoreWeave control of Core Scientific’s 1.3 gigawatts of contracted power and its development pipeline, a major boost in the race to scale AI operations.

Under the terms of the deal, Core Scientific shareholders will receive 0.1235 shares of newly issued CoreWeave stock for each Core Scientific share they hold. The offer values Core Scientific at $20.40 per share—a 66% premium over the stock’s price before deal discussions became public in late June, Reuters noted.

Despite the premium, Core Scientific’s stock dropped 22% in early trading Monday, while CoreWeave, which is backed by Nvidia, saw its shares decline 4.5%.

Related: Binance Advises Governments on Crypto Rules and Digital Asset Reserves

The acquisition is expected to help CoreWeave reduce more than $10 billion in projected future lease expenses tied to current site agreements over the next 12 years. The move not only expands CoreWeave’s energy footprint but also signals a broader trend of bitcoin miners diversifying into AI to remain viable in a rapidly shifting tech landscape.

“This acquisition accelerates our strategy to deploy AI and HPC (high-performance computing) workloads at scale,” said CoreWeave CEO Michael Intrator, in a statement released alongside the announcement.

Industry analysts see the transaction as a potential inflection point. Gautam Chhugani of Bernstein told Reuters the deal could become a blueprint for other miners looking to reposition themselves in the AI economy. Power access, he emphasized, remains the chief bottleneck for the expansion of AI-focused data centers.

Founded in 2017 as an Ethereum mining operation, CoreWeave exited the crypto mining business following Ethereum’s 2022 shift to a proof-of-stake model, which dramatically reduced miner incentives. Since then, the company has grown rapidly, with revenue surging more than eightfold last year, per its IPO filing.

Source: Reuters



Source link

Continue Reading

Trending