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Delivery-date: Mon, 04 May 2026 06:23:47 -0600
Date: Mon, 4 May 2026 08:23:35 -0400
From: Heatmap AM <editors@heatmap.news>
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Subject: New Headwinds
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On congestion pricing, deep sea mining, and kiwi birds

heatmapAM_logo_fullcolor_whitebg (https://d2QWfV04.na1.hubspotlinks.com/Ctc=
/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6g3pyd0W6N1vHY6l=
Z3lLN41Clh3_FLwnW5gnC3J8HFKCkW26MSVP1gTjtlW7074pY5hxX6GW4y-pNX7mHM92W3qDFwH=
2jvdsZW8gz3_q1x9M5kW5F7xQ-7V5TnfW1Lxhg72xrqjWW20rSj_6H-0K_N3dysGJyX479W4Yl0=
jL7yZqKwVJtS916cQmfLW6Sd2SW3wvxy1W2nFHXp7y2P2GN7RN2M2NHT39W6sYNzN6Hrtf6VWSN=
Q91rzlZQW3P0Dvt4FtqSkW1RG_sr4NjbBlW8GwHfz3WQ7JjW5RqRyh3PGwsrf2ldCS204 )

ALEXANDER C. KAUFMAN =E2=80=A2 MAY 4, 2026

Current conditions: The weekend=E2=80=99s polar vortex chill in New York Ci=
ty is over as temperatures are set to hit 70 degrees Fahrenheit today, your=
 humble correspondent=E2=80=99s birthday =E2=80=A2 A winter storm blanketin=
g the Sierra Nevadas with as much as four feet of snow on Interstate 80=E2=
=80=99s Donner Pass, the primary route between Sacramento and Reno named fo=
r the notorious 1846 episode of snowbound settlers driven to cannibalism =
=E2=80=A2 Days after thermometers finally slid from an almost sauna-like 11=
8 degrees to somewhere in the 90s, thunderstorms are deluging India=E2=80=
=99s northern Uttar Pradesh state as dust storms blast cities such as Kanpu=
r.

THE TOP FIVE

1. Trump halts construction on onshore wind, citing national security

The Trump administration is bringing construction of virtually all new onsh=
ore wind turbines to a halt, putting as many as 165 projects on pause on th=
e grounds that they may threaten national security. The projects, sited on =
private land, are being stalled by the Department of Defense, and include =
=E2=80=9Cwind farms which were awaiting final sign-off, others in the middl=
e of negotiations, and some that typically would not require oversight=E2=
=80=9D by the military, according to the Financial Times (https://d2QWfV04.=
na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NF=
W3hN8GDX783pyd0W8wLKSR6lZ3pqW28qMRY8J3h2nW4_-0ZY7BkT5ZW9c2gLz2pxDVBW7GXqxX3=
zYV4tW7HtHsh4pWmJZW3jpYr456QWpSW4B_knb4V-dy9W6_HT2B7dVMYrW5lZZSL17wh9LN4R-q=
Gv-xhV9W19FQx02VmVLBVWgmVh7sMWQcW45CkFR1QbCFhN4jghLNtMmgVW15XG5y1ZH0VSVvpbB=
k3GQzpQW6VxR9L1xt_LPN4sLtPFQJZJYN77JkXl6mRnxW78jW0z6FZl4CW7xshHy28n1_LW2Vgw=
HX29CJzgN7G_g-ps-cYNW4bdHYV4FJZwpW8MfZb-94w232W3NRPHG96wwXxW2b6J2J6B-97rW3X=
kXKS2ffBxDf6mR-sj04 ) . Wind farms require routine approvals from the Penta=
gon to make sure turbines don=E2=80=99t interfere with radar systems. Norma=
lly these assessments are done in a few days. But developers told the newsp=
aper they have faced a mix of setbacks since last August.

Back in December, the administration made a similar argument (https://d2QWf=
V04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lf=
m5NFW3hN8GDX6T3pyd0W7Y8-PT6lZ3l6W28KMj764c9NtW2B-3Zd6D5v7fW1b_31t1_dBSyW2j-=
5ZD7CCVQWN1Xgw4tP3DpVN62mCMtS6rB0VY7Hf47283PSN4DkxzvpnSwrW7l_tTb5pBRcsW7NRB=
776QdXGTW6GPqJS7JgrqVW1rhL5Z7xZTjSN7TG9sddPXxpW7CQ5l531r0VKW37jhm_831S_WN3H=
nT59-yvN-W7YBKR-9l4tPCW5MK0FN37YyLGW7cWsQ16vw93jW3jlht54JgHKQW3SlTDV84dr-1W=
48Z4MZ71d7frW5nl6Nb2YSDzRW1g_nyy3mgtN0W17_z7z8WgQS4W5zyRkY2XLLVPf5G0gpb04 )=
 to justify an order to stop work on all offshore wind farms. Developers su=
ed, and it only took weeks for federal courts to put a pause on the order (=
https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1=
J699-75W2F3lfm5NFW3hN8GDX6T3pyd0W7Y8-PT6lZ3krVBhjHy5ND15zW9fCPmL4Rz297W8fNC=
q_39DkF5N5G6RYH4Tq3_W7hJsmZ7R7B5BVKgjSz4fRZVGW9dTzFH4gtqbHW5x_b-H2S5TFrV3xq=
fP6WdSc7W8qBB404vKplNW2vN7fH2tQGZgN5HyPSql-vmzW8R4_8Q5Q8lPhW7Nx1Bg4rfTbbN95=
JV-rnrw-xW7TQ-hh6WLWGxN6dpcZlkXVwdW8cbZvL5DFqdsW4KYKd4549wg-W2nqXs17psMm8W2=
P7fJH4DX9N8W2bhchQ4TWzjLW3MyDWY2xDxHnW1lyvyX6Vc5rkW6k0JHd2pBFqMW595jPq91DJk=
kf2pcWss04 ) . That legal strategy is now expected to play out once again o=
n land.

2. U.S. oil majors defy Trump=E2=80=99s call to ramp up drilling as the Ira=
n War strains supply

Exxon Mobil and Chevron are resisting the White House=E2=80=99s pressure to=
 increase oil production as the administration presses U.S. oil majors to r=
amp up supply to ease the demand shock from the closure of the Strait of Ho=
rmuz. In an interview with the Financial Times (https://d2QWfV04.na1.hubspo=
tlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX78=
3pyd0W8wLKSR6lZ3kPW9l5z931RBRQMW5nnJwt26K82JW8J1kJ42fjbgvW5Xv9Xy6FLcKWN2jM7=
8dQt_Y8VhNq4x3nn6zrW2P8wWF7tKKDpN1SVFYHNTmJ3MvNg2glThj3W4BWqff6DGhP9VQS13P1=
q44NSW3t6XBt2ZBN0dW6Pj9pB3f2sLVW441c6c39SFkbW6nS_sp7CDBP6W9l33cC2qh0F0W95Z4=
HX8WXsXfW86RfMY4gz7nbW3nymFJ4CkLNSW5SXJHC6VhMjQW7QX04D5KGM13F2Jn783vZ5FW6KH=
b8d1lZl3sW4R4pDK7rlV0RN94ChYlrK_lZVLWgkl5PSMZCW1KxzDB846zLXW3VzQDt8kz8Wcf44=
w_9z04 ) , Exxon=E2=80=99s finance chief Neil Hansen said there would be =
=E2=80=9Cno change=E2=80=9D to the company=E2=80=99s strategy in the Permia=
n Basin, while Chevron=E2=80=99s chief financial officer Eimear Bonner said=
 =E2=80=9Cthe crisis has not prompted any change to any of our plans.=E2=80=
=9D The statements come days after the price per barrel of crude hit $126 l=
ast Thursday. =E2=80=9CThere=E2=80=99s really no need for us to shift up be=
cause we=E2=80=99re already up, we=E2=80=99re already in high gear,=E2=80=
=9D Hansen said. =E2=80=9CThat doesn=E2=80=99t mean we aren=E2=80=99t looki=
ng at the potential to expand that but there are limitations.=E2=80=9D

That doesn=E2=80=99t mean the industry isn=E2=80=99t happy to play along wi=
th Trump=E2=80=99s other foreign policy ventures. In a post (https://d2QWfV=
04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm=
5NFW3hN8GDX6T3pyd0W7Y8-PT6lZ3pWW1b-MNy6cWFWwW6G96p73Dff3mVpKXSN27f5K3W6kp71=
Y64R--0W6HvRm34v47mDW197gj393s1M9W40Bx7g98DKpYW7HK5VQ620H4BW5KWVp749nSmPW4z=
cTjC5B6g7yW5t5YMy62tKxgW8XB6BJ23XtxqN6GtYc8dDzSgW5Nrv8p4V5jp_W62pyHb2q-KFNW=
7sPS7d3NczwVV3Ct2F51sbBBW5-h3L-7wgbZZW5fbRQc5_xRztW5MZH_k2Yj6l1W16cnqG3SwPy=
nW68KFDP4j5_GhW9bwqbx7Gm8pXW4Rmh7p3cN3cJW8jRgDT1RQrYqW1nBRyG5q_ry_f1t3H3q04=
 ) on X last week, Bloomberg columnist Javier Blas highlighted the rapid sh=
ift of Exxon Mobil CEO Darren Woods=E2=80=99 views on Venezuela, which went=
 from =E2=80=9Cuninvestable=E2=80=9D in January=E2=80=9D to, just four mont=
hs later, =E2=80=9Ca huge resource that=E2=80=99s now opened up more freely=
 to the world=E2=80=9D where =E2=80=9Cwe=E2=80=99ll be uniquely positioned =
and play an important role in bringing those barrels to market.=E2=80=9D Me=
anwhile, the U.S. Senate candidate who could become the first Democrat to w=
in statewide in Texas in 32 years has sought to ease the oil industry=E2=80=
=99s concerns about his political views. In an interview (https://d2QWfV04.=
na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NF=
W3hN8GDX6T3pyd0W7Y8-PT6lZ3njN2FJrFVVfZ3WW7zbvqc1JtWGMN53ZTxPgWjtKW59QmjP46Q=
jpbW8rh7QK69hgKlW4dDkwq3LKvnSW62X8MK2MmWTjW6tlKKz26ZB85W5VhBjL7jNTMVW60RtVs=
7zx8whW20YC-F50XrYqW731kv73kNFrwW3PBDrf1NLfVnW74kKKD6C8mHmW6q0xyw7rggWxN5W6=
Nr1G0sRwM3hfyS_Gf4CW8xlDGf3bjXS-W4Jrs8w1qrvXvW6PvY9b3fykJLVbMrHH1yqbGCW28LW=
Vl6FQZD3W1hypHb4WHrW7W436rBl2xXg_mW4JPvN31Fp59lW1BFCQf1fG4fcf3PcMMM04 ) on =
Tejano singer Bobby Pulido=E2=80=99s podcast, Democratic Senate nominee Jam=
es Talarico disavowed his party=E2=80=99s past rhetoric promising to phase =
out oil and gas production. =E2=80=9CThe idea that politicians in Washingto=
n think they can just eliminate this industry, eliminate these jobs, is som=
ething we had to fight against, something we have to fight against in our o=
wn party,=E2=80=9D he said. =E2=80=9CI=E2=80=99m a big fan of the renewable=
 industry we=E2=80=99ve got in Texas =E2=80=A6 but it=E2=80=99s going to ta=
ke an all-of-the-above approach.=E2=80=9D Killing off the U.S. industry whi=
le global demand remains in effect is =E2=80=9Cnot practical=E2=80=9D and =
=E2=80=9Cit=E2=80=99d do so much damage to our state,=E2=80=9D he said.

3. North America=E2=80=99s first small modular reactor just hit a critical =
construction milestone

For all the hype over nuclear power in the United States, the Canadians are=
 the North Americans on track to build the hemisphere=E2=80=99s first small=
 modular reactor. On Friday, Ontario Power Generation=E2=80=99s project to =
expand its Darlington atomic station just east of Toronto with the world=E2=
=80=99s first BWRX-300 hit a critical milestone as the province-owned utili=
ty completed installation of the reactor=E2=80=99s basement some 35 meters,=
 or about 115 feet, underground. The 300-megawatt unit was designed by GE V=
ernova Hitachi Nuclear Energy, the heir to General Electric=E2=80=99s 20th-=
century legacy of building the world=E2=80=99s fleet of boiling water react=
ors that today still makes up the second-largest share of all commercial fi=
ssion plants after the Westinghouse-pioneered pressurized water reactor. If=
 the reactor enters into service on time in 2029 =E2=80=94 a big if =E2=80=
=94 it will be the first on multiple counts: The first SMR from GE Hitachi.=
 The first SMR in either Canada, North America, or the Western Hemisphere. =
Indeed, the first SMR in the entire democratic world, an overdue moment as =
China completes its Linglong-1 project in Hainan and Russia=E2=80=99s float=
ing Akademik Lomonosov nuclear station remains in operation. =E2=80=9COntar=
io is building the Western World=E2=80=99s first small modular reactor,=E2=
=80=9D Stephen Lecce, Ontario=E2=80=99s minister of energy and mines, said =
in a statement (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VW=
rxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX5n5n4LbW50kH_H6lZ3pkW8LNyv-7vMhf8W=
3KdXCk3s1qXKW10PdtC20Vv7BW7xpCZ-29bZvBMK898sSNqFtW8JYDSr1rt9d3N2HBVTH8GGhvW=
2Tr6D725j5brW4RVdTP8R-gdBW4DCFxn8ppPwXM6r17L-2V3ZW3Tnd5y5jc4z2VJvsFl82V7FzW=
5cYt-f1d-TypW3LpT1N4gCdcVW6MT7XR46t0jhW5LrVMb5299zxN3XJV-415jN_W7Rfn1J3thJS=
TN3-WM744mVSDW939cTS7Vwg4KN8Ty4mzT3tKWW7q0zZG7_p_d_W1Bmz_22xd2nbW3mqnKt4smp=
XfW57rdcG597FWRW71G8R87KcMhGW6SZndP6JqJNgW5GKXvs3w6BHLVbd7-526KW8qW18jdPt8z=
qPfqW8dMZJj1kBv9kf4vgd8W04 ) . =E2=80=9COntario just executed with great pr=
ecision the first foundation of a new nuclear reactor in Ontario in over 30=
 years. This is a major achievement as the world turns to Ontario to refurb=
ish and build large scale nuclear on-time and on-budget.=E2=80=9D

Ontario set a model for the rest of the region on how to pursue nuclear pow=
er despite modern development constraints. Its government-owned utility opt=
ed for the reactor over cheaper renewables and batteries by examining a who=
le systems-cost approach that included the transmission and back-up generat=
ion implied by a big solar and wind buildout. That ownership model also ins=
pired neighboring New York to tap in its New York Power Authority, the larg=
est state-owned utility the U.S., to lead the charge on building at least a=
 gigawatt of new reactor capacity, as Heatmap=E2=80=99s Matthew Zeitlin exp=
lained (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2T=
m-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6z3pyd0W7lCdLW6lZ3msW7P4Lkd2Y69bQVxjPmP5vQ=
y5lW1pVDRJ5fVl6vW96pDlL64q1JrW5xNGzt1qz0rcN7dZgjr6tdf8W6D0_0K1wB98cN5Xv8LCM=
h72mW2S7tgQ8NzZLQW74lYhY1wsDwDVfdF7s7ghcVrW8j0_cK8Q0XLtW5MjJHZ79Gd5xW5WL_bf=
6Rl7VcW1Z06K_24jHwlW4G5Cq4468dzmW38rRYk1MTFnlW4tGFg-5_KfNRW7r6TgF8mgJ20VC6K=
wB8j2NxlW6X5t6g8Rmj89W90zVqz4QzBF0W3pHwSj75cqQgW79ZFQ-225BDtf5nyNy604 ) las=
t year. In December, as I wrote at the time (https://d2QWfV04.na1.hubspotli=
nks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6z3py=
d0W7lCdLW6lZ3m8W8tjnS03WG-T1W8XW8lJ31P7mgW7VysP752QKnxV4_dyT5N-R3DW5k3LqY9f=
xX76N926p7BN_cRXW7zbfHS7q_J4yW4XnZWv4vT7bfN6-Hl4My6Jq4W7JNpTd6xhT8cVkMXdy2t=
sG-fW9jX-cG7dbMP-W6PSyG59g2ZxhW3lQpxT1Q0jpKN1ZDnYBfmv52W2xNWFZ2pnX13VnSX8G7=
YgQq8W4017Y_1TXdmYVjPRNB705_8-N7tnm2cfpBdDW5LrHtg10Pt-FW7GF9K47BXwW9W5d99DW=
5CXY_zW6nCTmx8_FxM5f4fV8DY04 ) , New York Governor Kathy Hochul forged a nu=
clear alliance with Ontario=E2=80=99s government to work together on issues=
 related to building new reactors. The U.S. last year pumped $400 million i=
nto GE Hitachi=E2=80=99s plan to build America=E2=80=99s first BWRX-300 at =
the federally owned Tennessee Valley Authority=E2=80=99s Clinch River facil=
ity, as I reported for Heatmap (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X=
+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6z3pyd0W7lCdLW6lZ3=
n5W2CFkzP88Slm0W2dyGqj74M1xGW27FNB92dfJCZW6hhxH39kZMtDW99xvGz6qD_4BW6JwK7G5=
SLTB0W5W_vwy8Bp2QpN1lDzhGWS9BTW1LQsWc90x_mnW1HgcLx2qRn5QW8_CNVp3tl2H8W3Nl3Y=
P9108chVWv8l35SHvgQW2qbd4Q2gRhpwVKTSy-7nZfgkW7Z3rG49jR0vJW57yQZ088lrkBW1f9h=
nL5SNdHJW4y_KqY6lRBPVW98tnRS1Q46H6W4H2w146TmC7zN8RxPNrpJzBDW6jBWbl4Dg7t5W1v=
mkFv9jWxwdd_06nC04 ) .

4. The Trump administration is still going after New York=E2=80=99s congest=
ion pricing

The Trump administration hasn=E2=80=99t abandoned its effort to kill New Yo=
rk=E2=80=99s congestion pricing scheme. On Friday, Secretary of Transportat=
ion Sean Duffy filed a notice (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+=
113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX5n5n4LbW50kH_H6lZ3k=
ZM2MMTxfwjtDW8Qqbyr1n7yDcVVxyGw7rbRVKW3VByXK7j2l2PW16GbdZ47QMMSW6Qbj-L5vvFB=
RW8jzxVT1qdMG2W3W7kL67xySsyW6_t1Np3ZczS-W6Rvc945_hkHKW7P4vk03_0d-4W7HDrhc5l=
mZmCW1cyT3V16NbSkN8G2dJ8_bM39W29K6-P8M1wCCW57q0gf5VDThkW2CGsdJ8Py86rN4Jrvbx=
pR234V1XFWT8HctPqVNHStW6QrNBRVcxsnP55Y47FW8nhxxD4XMNKgW6r8vpH4d5N_ZVqYwcp2B=
kMC9W4sjYMB73N-yHW8YDDsf6x47syW9gjsGs6HjNk8W5FgYVn2_X_DJN6k3LSM_86tSW3swBgk=
87s669W47P7Rt8Q_Nb9W96vLHF6lqGykf3cRPvR04 ) of appeal to U.S. District Judg=
e Lewis Liman=E2=80=99s March 3 decision (https://d2QWfV04.na1.hubspotlinks=
.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6T3pyd0W=
7Y8-PT6lZ3kSW5CgNh_1C_crtW7sNk_53mvKwyW52yNbz8Dm6wMW3Hpp-g4yqv0DW5dK3R33wn0=
ZNV4XClD3J04gVW1tF7k_6y6qb5W8cr_vp7j_yByW4W-ddx1H0ts5Vp7qVb8ZxkV9W3NRMGr2D8=
jWDN5PywrbKF2DMW3qqQNg4HMjxLW3NbhPL32MHH1W7zgWxD128ZMxN3Cp58RBy0WsW4knmXX8T=
_hjxN8Pc5qBgFNpBW1x_RgT25n08ZVHD5MV8R2rFhW3gFwLv7S19ZyW1Qfw7H3myBzBW1bPzBd2=
w6GGSW7_QYH12dNj7-W1YDN2d7dRCG5W4x4HGH29ytqjf99zcC-04 ) to dismiss the admi=
nistration=E2=80=99s lawsuit arguing that New York had overstepped its fede=
ral authorization by putting the toll in place. Before New York City implem=
ented congestion pricing, experts warned that the apparent opposition captu=
red in the pages of the New York Post was a paper tiger. Successful efforts=
 to impose tolls on cars driving into dense urban areas with lots of public=
 transit in Singapore and London had followed the same arc: Vehement blowba=
ck before the tolls take effect, contented acceptance once the charges beco=
me as normal as any other toll on the city=E2=80=99s roads and drivers star=
t enjoying the easing of the gridlock. Within months of congestion pricing =
taking effect, polls showed that, already, support had flipped (https://d2Q=
WfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3=
lfm5NFW3hN8GDX7s3pyd0W95jsWP6lZ3l2W6B4bMk6G949FW3nm7Rh8VCM8yW7JkSt18xx148N1=
1qK9FSrblFN5vMtqvJV-SFN2GVhr7CFhjGW8l-vT41p2WF1W5gq_zx1F777TW59-Kzq2D088_W4=
HMKjF9jwqGMW8ff1Z872dY7SVGXJCH2HSG1KW712zzh2vwPXLW6YPPPX64GhzDW8RXP3d5y0y6S=
W5ZYpjv3JF9VkW1_XJMR2941ldVrw5ZP4hnJ49W8JhB903nStmBW2My9KZ7QP601W1MPkz96pX8=
fJW1qdJLG72rbwVW41z6Ll62ddz-W7vw8hH76pBKYW2D3YN517W84PW3lxzBP3XV-ddN9l0tY7c=
tvwRW4MtMH26H6DKmVRQSgv8vY8XmW5yr7Kw4_WHpbf6kgL5q04 ) with more New Yorkers=
 wanting to keep the tolls in place than eliminate them. But a year in, the=
 results were hard to debate. As The City (https://d2QWfV04.na1.hubspotlink=
s.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX783pyd0=
W8wLKSR6lZ3n6N6pM3zfp9WPhMnZy4TyY00qW8V-5PQ1XYT1yW157qRZ34yl84W20qpc69cHGBv=
W8p1dH63GgCz3W4Qyrx2618k45W5t6pPN2Xy-_SW75KjN14bPpLXW5bNXz11ptKYSW299KHV9hB=
VWGW16-_Ph5bzBwxW1JSnCc4FRYlZW3TD7B689Vv3NW2LLZ442G-P4CW95w-tn49ksx_W5l7zF1=
89TkvhW8QF5Lg7SnwMJW4w3FfM9cSg55W2DtbHL4wR_nXW8yJ3dH3fM9wjVJg-Xj9l_h9VW1gR6=
Zd3KHtppVmsXbD5m7WDtVRX1bK2l-ZB-W43pXx02XPnv4W12HmVD7LCT1rW2f689s7CjTqmf1bY=
kHn04 ) put it: =E2=80=9CLess traffic. Faster buses. More subway riders.=E2=
=80=9D

The latest legal challenge comes as New York grapples with mounting energy =
issues. In March, the Hochul administration proposed pushing back (https://=
d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W=
2F3lfm5NFW3hN8GDX783pyd0W8wLKSR6lZ3ktW1H3yzq5F4Bq3W6x0RVW7DD1tgW2Pn3fX7jZGv=
TV39lwK8v-2hNVs64_Y6FqldxVbnP7f4SHTCNW3JKvSL3c_srsW11L_sq8j4RvKW6gX5R-2KvJW=
sW4YMdPF7vp65lW7h0pq76qM0j8Vh3wsS4HM94HVLqQtS3rYjKmW8jHPBD37NdXzW1JtmGz8Nqb=
XKW6w8j8G7GwrfFW1f6NVL1sgr82VQn1QY5gs7hkW43Yy3d5DG7y4VZBHgg1T8bKxW4BVxHD2QP=
2KvW6k_sdQ74zs7lN77VdS8Twx4xW5CL8ml71P17lW2YYFZ3312gV2VsJPC23qclPmW4ybvfk2J=
mGFYW85f2th15qmBnf8kvk4404 ) a key deadline in the state=E2=80=99s landmark=
 decarbonization law. The state has yet to broker (https://d2QWfV04.na1.hub=
spotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GD=
X5n5n4LbW50kH_H6lZ3kTVNvMXB3TXVdvW3Rw8466CpcSBW3d-VkN2KfKDDW8Qh1761f8FstN8J=
B6hJLhqp2N3Q6Mj-xMkGjW4gMJdV4-8zzYW5xCJ1D4h6s11W3x3zbX4JLCw_W2WFQvS8BTlc-N1=
MDy6yYT5-yW2g8PRP6h3Vk-Vs0p3B5d1XCKW4B4pfB805HbCW5qq4M11bJ17bW4DXtdP3rkwrrW=
1HHW9785gKH2W55z0NX55zhZ2N4TKBv4J1PChW93g8ZJ89fjb0W5v62QY4YbNG0W3kc-z13SdhM=
PW6fY7-W2xx0HdW2qrPDh3vsCntW11_0jn5D0JN-V7tDng8n8R9DW7zS44z8Rv9CRW1-gPgy4PB=
L26W79Kmp41_2DcgW3zWdg79lfhV1W1fhlhk2f1-DhW33jnCj1WMc3zdptkqj04 ) a final b=
udget as legislators struggle to reach a deal with the governor=E2=80=99s o=
ffice. Meanwhile, the state=E2=80=99s grid operator has issued (https://d2Q=
WfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3=
lfm5NFW3hN8GDX6T5n4LbW7Y9pgv6lZ3pGW27H34R79SZSwW6FnrfW7D0v_VW1XXgJb5tThXbN6=
vJSXFN_HwgN6l-v63hzXxxW8v3Xqn4J5RqBW8FLXKQ4M_y3wVhXT-x7Fs5J1W3j-nLb40qbLhN9=
jzFQ-nrbm-W4Zg01x1h6q81W9jlR3B1BhPMLW3FgdzQ5lTWrJW4Xss9-5pRb7DW3vPmng7m5tF0=
W2gt6RC2ftdJ8W4y7qVd3CrhzTN3kp2M3TWT_hW5KpnR424RPLMW4g_ypd5LSd5dW4t20S22mfJ=
cMW1MlJBl3tx0pzW5xPmZh6tdShLW3tx5SS2m7LyKN26zZx2Gt0nDW6kl1FC5gLvwYW2ZsHKj9k=
TPcYW3hfv3_7mmncTW7-2cmc419HPBVV79s53y2zfzF1TJ2HVxkkSW1Vfq5c1Th687W6YNP1F33=
91FmW4wmK3Z7hPrHnW6SvDWc3-tfMWMSnx-ZFqXyfM77SnHwVdvrW5t7c7L62_XR6VVPtfV6wJ5=
rvW6HNWRF23qnTYW4Cbm3W5yNTt2W1J1sJW6dpfHrf3bbCCj04 ) a warning urging regul=
ators to allow two barge-mounted power plants in Brooklyn to stay open past=
 their planned closure.

5. U.S. regulators approve The Metals Company=E2=80=99s deep sea mining bid

What a future deep sea mining control room will look like. Photo: The Metal=
s Company

The National Oceanic and Atmospheric Administration has ruled that The Meta=
ls Company=E2=80=99s deep-seabed mining application is fully compliant with=
 U.S. regulations. On Friday, the Canadian company, which is aiming to harv=
est mineral-rich nodules from a 1.7-million-acre swath of the Pacific calle=
d the Clarion-Clipperton Zone, called the approval =E2=80=9Ca key milestone=
=E2=80=9D toward commercialization that puts the firm on track to start pro=
ducing metals by the first three months of next year. Under a new regulator=
y framework NOAA put out, which The Metals Company applied to use, =E2=80=
=9Capplicants with exploration-phase data to submit a consolidated applicat=
ion for both an exploration license and commercial recovery permit,=E2=80=
=9D establishing =E2=80=9Ca more efficient=E2=80=9D permitting timeline. =
=E2=80=9CThis determination marks an important step forward in NOAA=E2=80=
=99s transparent, rules-based process, and brings us ever closer to providi=
ng the U.S. with a new, abundant and lower-impact source of critical metals=
,=E2=80=9D Gerard Barron, chairman and chief executive of The Metals Compan=
y, said in a statement (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2Q=
WfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX5H5n4LbW5BWr2F6lZ3npW9f-Zy=
q909rY5W7NhzXd2pBfz3W8DHQp16vdNQpW4D5H6L1CkfRKW9cNl8X1_fSFPW3T3p3J8qBRXMN3Y=
TH8q-CkwYN6FLFJTG3kQHW5tdgZ_1x3wTYW3FjVJ61v-cw6W1J600928bLFlW27gfRL5ZsqcBW6=
kwN4x4HMNPLW3KRjMM4vMMdjW4QvNSX8hds9vW5ttd5m91rmvZW44Qy321dphhTN3KSkn7xQJwn=
N9jvWWh7C0khW2pTmRK8965vrW6fTDgq2zqLzZW2Gy6-l6b2fqHVvXDCj3d4_QhW5qY1-28jXM3=
TW5BTNN_8Lq8gSW324qYW2lFlVSW5CR1wN6Gjfb-W5gTMYm5gMM-kW5hxBn38btfM6W34hT3K80=
5M4MW5_GGSG24bgQTVgFnsT2GsXHDW4dlqDn2Ll6pRVHgk8s2q-2vMf4Nzw2M04 ) . =E2=80=
=9CIt reflects the sheer scale of scientific, environmental, and engineerin=
g effort and expertise that have been brought to bear on this project over =
the last 15 years, which provides us with sufficient information to move ef=
ficiently and responsibly into commercial operations under NOAA=E2=80=99s o=
versight.=E2=80=9D Shares in the company surged on Friday in response to th=
e news.

In March, the United Nations=E2=80=99 International Seabed Authority vowed =
to establish a global framework for regulating deep seabed mining this year=
, as I wrote at the time (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d=
2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6z3pyd0W7lCdLW6lZ3kHW5H0=
FR86n8ZJQW9cFdsp8xdS4TW82Qw4680YGPGW6HtMGV83NBm5N5sM8zcxGtxnW1wwjX62WWqm9W4=
mMx7s4vgvX9W2DdlpK2lcp6RN1XRx1SsBfrmW84nVPN6hGBTMW7XRHJK80D66KW3XNl2R3Kh35m=
N1LGTvWj1Cq_W74_MnT4BHYHFW9lQjWT4J5tzcW3wrqzh1dPMFbV_xFJ6226nhSW2ZdXKS4T4Qd=
_VYjsSZ5Pylp6W6B-TXs65TmglW5ql9fc3_t1zmW3pP05J57pGPYW72mWGh5tQ63_W184QK02-j=
8x3f1nLzxs04 ) . Japan, meanwhile, is stepping up its efforts (https://d2QW=
fV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3l=
fm5NFW3hN8GDX6T3pyd0W7Y8-PT6lZ3mFW6XJ-Yk8RmqXtN4Sd21W3qyC6W6nvGHy8BsYv-W5Hs=
_-w46k0nwW7xjvr293PJt2W3LSLB54J08tnN7JH0ScvGBkwW8-q80H99F5bfW5fVD8Q6c1XcxW5=
wZNDZ3-6S4XW3FYXGY3MjDQxN8yBfhdGBdZzW6vWgYX4lZWwfN4kZMpd2YPXSW7TLzSD44xZMzW=
66WwPX1WmRPQVxldB65NnwWqW45wW0d3_8Xb0W2Yr18J94M5QRW7ggMN630S4-cW1bsTBT6bkWw=
ZW4yS7Lp8lGDTDW1xWfBc49Z8YkW3HvRCd6RmMcKW2b7wdv5DQcqsW3Tktsq2jH04Bf3txHkb04=
 ) to create its own seabed mining industry.

THE KICKER

The kiwi disappeared from the hills around New Zealand=E2=80=99s capital mo=
re than a century ago. But now the country=E2=80=99s flightless national bi=
rd is once again living in Wellington. Last week, the Capital Kiwi Project,=
 a charitable trust that aims to bring the birds back to the city, released=
 its 250th kiwi. =E2=80=9CThey are a part of who we are and our sense of be=
longing here,=E2=80=9D Paul Ward, founder of the Capital Kiwi Project, told=
 Euronews (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2=
G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX5H5n4LbW5BWr2F6lZ3npW8tpDJM1ZMxb9W3G5S5=
62BSDd3W5d7BhS23VvNxW5HF55y7R5--6VVsLXj4QmnXXW5tghqk2VpcNLVYPsqg35mg1wW32P0=
Xv8HR658W4yk6TK8npnb2W651Pm_6x-vnmVQ8l562RBDYwN3BQJPfDt_hCN2kBW5z1n3kvN1blf=
9SZnghRW5hQx5L7Qyr3sW52GWCz70kHWMVxLC314V9PYMW61n92X5WrDdJVPTCjJ5v3VyTMcs6R=
TZSqJmW5KzVnw2w-TY8W6nz50-7vpDcpW2JVqL-5Tv6W_N8s52cRmmTkGW1WhLDD5mLZrVW8r1Z=
nl2JwM6FN9lxxHBRJvZ9W8BmtJz73_4J8VFC3-88QG_QpW8HcqQ75j31w6W6mq9WV5PSLTlN2d8=
HsYm9DdlVGdBLR9hnNt4VBJDk73Ts4F8f296lmq04 ) . =E2=80=9CBut they=E2=80=99ve =
been gone from these hills for well over a century and we decided as Wellin=
gtonians that wasn=E2=80=99t right.=E2=80=9D

Opportunities

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t; line-height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-t=
ype=3D"rich_text"><p style=3D"font-weight:normal; text-align:center; font-s=
ize:16px; line-height:125%" align=3D"center"><span style=3D"font-family: Ar=
ial, sans-serif; color: #666666;">ALEXANDER C. KAUFMAN =E2=80=A2 MAY 4,&nbs=
p;2026</span></p></div></div></td></tr></tbody></table>
</div>
<!--[if gte mso 9]></table><![endif]-->
<!--[if (mso)|(IE)]></td><![endif]-->
    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
  =20
  </div>
  <div id=3D"section-2" class=3D"hse-section" style=3D"padding-left:10px; p=
adding-right:10px">
   =20
   =20
      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#b3ebbb" bgcolor=3D"#b3ebbb">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#b3ebbb">
      <tr style=3D"background-color:#b3ebbb;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;">
<![endif]-->
<!--[if gte mso 9]>
  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column-2-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:30px"><div id=3D"hs_cos_wrapper_module-2-0=
-0" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_modul=
e" style=3D"color: inherit; font-size: inherit; line-height: inherit;" data=
-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=3D"hs_c=
os_wrapper_module-2-0-0_" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_=
cos_wrapper_type_rich_text" style=3D"color: inherit; font-size: inherit; li=
ne-height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=
=3D"rich_text"><p style=3D"line-height:125%"><span style=3D"font-size: 20px=
;"> <span style=3D"font-family: Arial, sans-serif;"><em><span style=3D"font=
-weight: bold;">Current conditions: </span><span style=3D"font-weight: norm=
al;">The weekend=E2=80=99s polar vortex chill in New York City is over as t=
emperatures are set to hit 70 degrees Fahrenheit today, your humble corresp=
ondent=E2=80=99s birthday =E2=80=A2 A winter storm blanketing the Sierra Ne=
vadas with as much as four feet of snow on Interstate 80=E2=80=99s Donner P=
ass, the primary route between Sacramento and Reno named for the notorious =
1846 episode of snowbound settlers driven to cannibalism =E2=80=A2 Days aft=
er thermometers finally slid from an almost sauna-like 118 degrees to somew=
here in the 90s, thunderstorms are deluging India=E2=80=99s northern Uttar =
Pradesh state as dust storms blast cities such as Kanpur. </span></em></spa=
n></span></p></div></div></td></tr></tbody></table>
</div>
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<!--[if (mso)|(IE)]></td><![endif]-->
    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
  =20
  </div>
  <div id=3D"section-3" class=3D"hse-section" style=3D"padding-left:10px; p=
adding-right:10px">
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff; padding-bottom:10px; pad=
ding-top:10px" bgcolor=3D"#ffffff">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;padding-bottom:10px; padding-top:=
10px;">
<![endif]-->
<!--[if gte mso 9]>
  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column-3-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_modul=
e-3-0-0" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_=
module" style=3D"color: inherit; font-size: inherit; line-height: inherit;"=
 data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><table rol=
e=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"vertic=
al-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:4px solid #1c86f5;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:4px solid #1c86f5;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_mod=
ule-3-0-9" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_typ=
e_module" style=3D"color: inherit; font-size: inherit; line-height: inherit=
;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=
=3D"hs_cos_wrapper_module-3-0-9_" class=3D"hs_cos_wrapper hs_cos_wrapper_wi=
dget hs_cos_wrapper_type_rich_text" style=3D"color: inherit; font-size: inh=
erit; line-height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-co=
s-type=3D"rich_text"><h1 style=3D"margin:0; font-family:Arial, sans-serif; =
font-size:22px; line-height:150%">THE TOP FIVE</h1></div></div></td></tr></=
tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_mod=
ule_17412689178444" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17412689178444_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%; font-we=
ight:bold">1. Trump halts construction on onshore wind, citing national sec=
urity</p></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px 20px"><div id=3D"hs_cos_wrapper_mod=
ule_17412689339535" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17412689339535_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><div data-qa=3D"message-text" style=
=3D"line-height:150%">
<p style=3D"line-height:150%">The Trump administration is bringing construc=
tion of virtually all new onshore wind turbines to a halt, putting as many =
as 165 projects on pause on the grounds that they may threaten national sec=
urity. The projects, sited on private land, are being stalled by the Depart=
ment of Defense, and include =E2=80=9Cwind farms which were awaiting final =
sign-off, others in the middle of negotiations, and some that typically wou=
ld not require oversight=E2=80=9D by the military, according to the <a href=
=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3=
zMt1J699-75W2F3lfm5NFW3hN8GDX7s3qn9qW95jsWP6lZ3m4W2yVLdg3STjzvW23M5x13c6874=
W1BXbwD1tWjjtW1FjVdB8SGY4jW2n4_DZ24QGvGW7vw0sx3mMMJWW8M6Q1M5wF1NPV7n5Qg3ZmM=
L-W60cdvT8R_94-W43t0WQ4wxZ3ZW3lrvn02zxX3DW3kNK247dsQg0N9kwDgw3z_1zW62GKxD1T=
Hl54W108b5099GSwjW8kj65112jX33W41Pzkw51yC4BW2sPtJR769_sNW6FQG5n3NZP8JW1Hxwr=
k4D_mwjW6fk3pv5CtwTLW4YYz2G4qQrVRW8B-hgw5ln9YfV8wNmB1QmpFgW5lq_gw3LVNGHW1gG=
QWw6yTvntMgfnLJc6QnsW4y_P4H1DSwCdW6Sg0HG5T5XHMW8QSnWw1vqZ--f38Ln9204" style=
=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"iCh5s1Av" ta=
rget=3D"_blank"><em>Financial Times</em></a>. Wind farms require routine ap=
provals from the Pentagon to make sure turbines don=E2=80=99t interfere wit=
h radar systems. Normally these assessments are done in a few days. But dev=
elopers told the newspaper they have faced a mix of setbacks since last Aug=
ust.&nbsp;</p>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">Back in December, the administration <a href=
=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3=
zMt1J699-75W2F3lfm5NFW3hN8GDX6T3qn9qW7Y8-PT6lZ3lcW28knQc5XSMMhW4D7hsq8Rh0qR=
N47yMF5zP0n4W8czMNR7J-YZwW7s3WYV3HRykhVrc6LF4knkhFVSpKjZ8jVv4fW4ShmsT1V-jH7=
W1XBLKr9bvvsVW7xBXW17gycn9W7fyQS_95Zc45W5CSLb78wk5VrW14_rPJ2fPW-wW8fFLF47K0=
dlHW8jzK633fdCspW84rnJt4Tnl8GW8nyD2K6Jdh3QW6gY1MH17qjm2W4dD7lZ7tWFmbW1mP2D4=
91FHLlW6F4JP01s-x94W42N5Lc4xVs0yW3G1L418wY7SFVkK9sN6WTcSvN2B4L3NxCzJQW4ZV6g=
g6YD9nYf3hjkfg04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-lin=
k-id-v2=3D"hm2OhQ3Y" target=3D"_blank">made a similar argument</a> to justi=
fy an order to stop work on all offshore wind farms. Developers sued, and i=
t only took weeks for federal courts to put a <a href=3D"https://d2QWfV04.n=
a1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW=
3hN8GDX783qn9qW8wLKSR6lZ3ppW7lTTzM5DWycZW7VH7PF6PWdyDW33341n8MGcdPW8bN-r-5B=
3ZfyW5xzNpL3JlNpnW3_d-td3n2jW6W7tftP87czk-PN9lyNStrCBbxW4PHgLR4DmdYBW2R2Kxn=
1j1xLwW6LxlyD7v2gdNW4RcLYt7mB-PmW6PGWV_5nv_gmW8sGKZX1SPVTCW2nbpb57CnngmN4v3=
Z_DYjNLLW4_vn-V3F3hCXW8WBt1q3s-7K_W7GBbV195P1KxW93rhqB79xQYdW6QxG7Q40j-yGVG=
3FSH1NGnyZW1Q5jw17-sptqW1r_bQd2zqT7CW72P_LB3c2t6nW8cYF2M7KJHkzVplnW63L3Q4sW=
1gM_hD2vbf46f3p08tP04" style=3D"color:#000000" data-hs-link-id=3D"0" data-h=
s-link-id-v2=3D"IN9m0UNw" target=3D"_blank">pause on the order</a>. That le=
gal strategy is now expected to play out once again on land.&nbsp;</p>
</div></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7778952372142" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><tab=
le role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"=
vertical-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:6px solid #e6e6e6;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:6px solid #e6e6e6;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_mod=
ule_17778951407581" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17778951407581_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%; font-we=
ight:bold">2. <strong>U.S. oil majors defy Trump=E2=80=99s call to ramp up =
drilling as the Iran War strains supply</strong></p></div></div></td></tr><=
/tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7713829086802" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div=
 id=3D"hs_cos_wrapper_module_17713829086802_" class=3D"hs_cos_wrapper hs_co=
s_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"rich_text"><div aria-setsize=3D"-1" style=3D"line-hei=
ght:150%">
<div data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<div aria-labelledby=3D"primary-D0960F0VALC-1776856752.873179-sender primar=
y-D0960F0VALC-1776856752.873179-message_text primary-D0960F0VALC-1776856752=
.873179-alt_text primary-D0960F0VALC-1776856752.873179-date_time primary-D0=
960F0VALC-1776856752.873179-reaction_count primary-D0960F0VALC-1776856752.8=
73179-reply_count primary-D0960F0VALC-1776856752.873179-link_count primary-=
D0960F0VALC-1776856752.873179-attachment_count primary-D0960F0VALC-17768567=
52.873179-has_draft_reply primary-D0960F0VALC-1776856752.873179-pinned_stat=
e primary-D0960F0VALC-1776856752.873179-edited_state primary-D0960F0VALC-17=
76856752.873179-later_state primary-D0960F0VALC-1776856752.873179-broadcast=
_state primary-D0960F0VALC-1776856752.873179-broadcast_thread_root_message =
primary-D0960F0VALC-1776856752.873179-translated_state" aria-setsize=3D"-1"=
 style=3D"line-height:150%">
<div data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<div data-qa=3D"message-text" style=3D"line-height:150%">
<p style=3D"line-height:150%">Exxon Mobil and Chevron are resisting the Whi=
te House=E2=80=99s pressure to increase oil production as the administratio=
n presses U.S. oil majors to ramp up supply to ease the demand shock from t=
he closure of the Strait of Hormuz. In an interview with the <a href=3D"htt=
ps://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J69=
9-75W2F3lfm5NFW3hN8GDX7s3qn9qW95jsWP6lZ3l3W2dzXvS1MGwPzW7HbSWt181FGtW49VGzr=
7LRf8tW8jJ-Cv4tVfwFW2jplFV6xzql6W5ff3fP8Kl7vFW4FLbt36Nd77HMN36J08WnC1W2bB_p=
h6tpFY_W1Bsg6m1rcwwvW6tbz2J5HMfS5VSgsbP5Bhc-vW4cSKtH4hdrNkW1n-8s54zwRLYW7T-=
Y4h94LdJ2VmDkzL69GZ8ZW84KBWg8TzS4MW8pn-YZ3VfYwnW8dMHVn99FCklW8tcgj28mCXGMW1=
FJXx77gVXKKW2y8ytZ6C_BdyW4_g58l2dVV7xN4M4-10rD3L7W92Nx874QHw64W8nnlhW84tD-z=
W23JpDt86y4MVW9g5CJV4zlN0DW2tFTqH8l-CxnW6S96xz5GC0Rgf7P92sj04" style=3D"col=
or:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"m8O4TIet" target=3D=
"_blank"><em>Financial Times</em></a>, Exxon=E2=80=99s finance chief Neil H=
ansen said there would be =E2=80=9Cno change=E2=80=9D to the company=E2=80=
=99s strategy in the Permian Basin, while Chevron=E2=80=99s chief financial=
 officer Eimear Bonner said =E2=80=9Cthe crisis has not prompted any change=
 to any of our plans.=E2=80=9D The statements come days after the price per=
 barrel of crude hit $126 last Thursday. =E2=80=9CThere=E2=80=99s really no=
 need for us to shift up because we=E2=80=99re already up, we=E2=80=99re al=
ready in high gear,=E2=80=9D Hansen said. =E2=80=9CThat doesn=E2=80=99t mea=
n we aren=E2=80=99t looking at the potential to expand that but there are l=
imitations.=E2=80=9D&nbsp;</p>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">That doesn=E2=80=99t mean the industry isn=E2=
=80=99t happy to play along with Trump=E2=80=99s other foreign policy ventu=
res. In a <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV=
04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6T3qn9qW7Y8-PT6lZ3l2W6j3GYj42=
RPjSW1yHPM64frPRjW4-sFC64TKDSqN8VrD_01YRvbW2kRYqR3vytpnW97Cs8T4w7gNvW4fm7lF=
8BnZbYN2HZJV5vbVsqW84Rtwl16wgPsN6VC8L2JBcTNW72PJVk1VTchJVLrwyn57KPL3W4Q1mYg=
7zLDh8Vgk4Hw4spyf4W8-lzdd3FnDJHW9gQf7T27tyRCW4Y9ybP64yJsxW2dBQYC3C2lqPN4Mhf=
2_gvQrYN7hrG-JvnGC_W92W96Z2KgBBcN5S3VflK32xTW56Pcmg1SF1m-W3yQWnj4Dc6_yW3TSV=
mN3xcVHYVNN3sr5jgsYDf5L45hY04" style=3D"color:#000000" data-hs-link-id=3D"0=
" data-hs-link-id-v2=3D"NXXZApg4" target=3D"_blank">post</a> on X last week=
, <em>Bloomberg</em> columnist Javier Blas highlighted the rapid shift of E=
xxon Mobil CEO Darren Woods=E2=80=99 views on Venezuela, which went from =
=E2=80=9Cuninvestable=E2=80=9D in January=E2=80=9D to, just four months lat=
er, =E2=80=9Ca huge resource that=E2=80=99s now opened up more freely to th=
e world=E2=80=9D where =E2=80=9Cwe=E2=80=99ll be uniquely positioned and pl=
ay an important role in bringing those barrels to market.=E2=80=9D Meanwhil=
e, the U.S. Senate candidate who could become the first Democrat to win sta=
tewide in Texas in 32 years has sought to ease the oil industry=E2=80=99s c=
oncerns about his political views. In an <a href=3D"https://d2QWfV04.na1.hu=
bspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8G=
DX6T3qn9qW7Y8-PT6lZ3lvW4wXXXd6vYKtkW3CtQ7d2h86fRW6v5Ncf8yh4t7W5h-4M23V_lfdV=
kRyWM6c_PB4W3HQm9v5_Wgx7W20wjj411_1sFW7xwh8V5t8_hZW42JXQv55BP2vW3P8Hfy8WGxm=
3W7-y8-85dQYp2W7TRDg-4BQBWLW3dMQKq3FsNc2W1_ZK788nhYDbW1dtbs47DmgR2W8wMrkF4B=
0bY4N50BKPG3q8mRN8XQhypYGrymVm_pmh7Fx_RfW8SHQNJ59dKd1W7kKFtn2z8JKJMLkhgGRl3=
1cW2Rykl51rFdglW4Xs4fH48Msx_W5pxHKk3Vn5ldW14lRWF8KGDkwdC6y5g04" style=3D"co=
lor:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"QEH8dOP7" target=
=3D"_blank">interview</a> on Tejano singer Bobby Pulido=E2=80=99s podcast, =
Democratic Senate nominee James Talarico disavowed his party=E2=80=99s past=
 rhetoric promising to phase out oil and gas production. =E2=80=9CThe idea =
that politicians in Washington think they can just eliminate this industry,=
 eliminate these jobs, is something we had to fight against, something we h=
ave to fight against in our own party,=E2=80=9D he said. =E2=80=9CI=E2=80=
=99m a big fan of the renewable industry we=E2=80=99ve got in Texas =E2=80=
=A6 but it=E2=80=99s going to take an all-of-the-above approach.=E2=80=9D K=
illing off the U.S. industry while global demand remains in effect is =E2=
=80=9Cnot practical=E2=80=9D and =E2=80=9Cit=E2=80=99d do so much damage to=
 our state,=E2=80=9D he said.&nbsp;</p>
</div>
</div>
</div>
</div>
</div></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7658043840841" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><tab=
le role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"=
vertical-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:6px solid #e6e6e6;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:6px solid #e6e6e6;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_mod=
ule_17168975037365" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17168975037365_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%; font-we=
ight:bold"><span style=3D"font-weight: bold;">3. <strong>North America=E2=
=80=99s first small modular reactor just hit a critical construction milest=
one</strong></span></p></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px"><div id=3D"hs_cos_wrapper_module-3-0-7"=
 class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" =
style=3D"color: inherit; font-size: inherit; line-height: inherit;" data-hs=
-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=3D"hs_cos_=
wrapper_module-3-0-7_" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos=
_wrapper_type_rich_text" style=3D"color: inherit; font-size: inherit; line-=
height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"r=
ich_text"><div aria-setsize=3D"-1" style=3D"line-height:150%">
<div data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<div aria-labelledby=3D"primary-D0960F0VALC-1776856752.873179-sender primar=
y-D0960F0VALC-1776856752.873179-message_text primary-D0960F0VALC-1776856752=
.873179-alt_text primary-D0960F0VALC-1776856752.873179-date_time primary-D0=
960F0VALC-1776856752.873179-reaction_count primary-D0960F0VALC-1776856752.8=
73179-reply_count primary-D0960F0VALC-1776856752.873179-link_count primary-=
D0960F0VALC-1776856752.873179-attachment_count primary-D0960F0VALC-17768567=
52.873179-has_draft_reply primary-D0960F0VALC-1776856752.873179-pinned_stat=
e primary-D0960F0VALC-1776856752.873179-edited_state primary-D0960F0VALC-17=
76856752.873179-later_state primary-D0960F0VALC-1776856752.873179-broadcast=
_state primary-D0960F0VALC-1776856752.873179-broadcast_thread_root_message =
primary-D0960F0VALC-1776856752.873179-translated_state" aria-setsize=3D"-1"=
 style=3D"line-height:150%">
<div data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<p style=3D"line-height:150%">For all the hype over nuclear power in the Un=
ited States, the Canadians are the North Americans on track to build the he=
misphere=E2=80=99s first small modular reactor. On Friday, Ontario Power Ge=
neration=E2=80=99s project to expand its Darlington atomic station just eas=
t of Toronto with the world=E2=80=99s first BWRX-300 hit a critical milesto=
ne as the province-owned utility completed installation of the reactor=E2=
=80=99s basement some 35 meters, or about 115 feet, underground. The 300-me=
gawatt unit was designed by GE Vernova Hitachi Nuclear Energy, the heir to =
General Electric=E2=80=99s 20th-century legacy of building the world=E2=80=
=99s fleet of boiling water reactors that today still makes up the second-l=
argest share of all commercial fission plants after the Westinghouse-pionee=
red pressurized water reactor. If the reactor enters into service on time i=
n 2029 =E2=80=94 a big if =E2=80=94 it will be the first on multiple counts=
: The first SMR from GE Hitachi. The first SMR in either Canada, North Amer=
ica, or the Western Hemisphere. Indeed, the first SMR in the entire democra=
tic world, an overdue moment as China completes its Linglong-1 project in H=
ainan and Russia=E2=80=99s floating Akademik Lomonosov nuclear station rema=
ins in operation. =E2=80=9COntario is building the Western World=E2=80=99s =
first small modular reactor,=E2=80=9D Stephen Lecce, Ontario=E2=80=99s mini=
ster of energy and mines, said in a <a href=3D"https://d2QWfV04.na1.hubspot=
links.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX5H5=
nXHCW5BWr2F6lZ3mFW18XksZ6fn6wxW5-4BM-3NcpKwW6853W7810rTmW4nTqDb6zLjJBW17bDy=
D9gWN8HN6LlW07_5qt2W7vx1lG17C1MSW1fF4q892VG5FN5LfW18yfyLtW1tG59Y4nTKN5W5LwL=
4Y2T1sn4W34qLqs7BB3XtW7GTMmJ7BPzhhW1-dJVN2fZQ7lW1hkMjK3VvJqnVYw3KF4pFSgrN6q=
Mq18FcRNNW1lGjtL80wZjnW45lnZf71JwzCVctYjV3pBvH6W7mw-_r49WzFdN2KmD9cmLfxnW3Y=
W5Rs1nwF1tW6jkQBN4c82BmN4yms7B4-6vBN6ZG3m4rfCSzW43M5lC3Vm8ZTW1_xys46-4SzVV3=
TMRg4qF7PcW5m7ZlD4pvmD5W53X2ww8KQL_QW5qjRLt8YnzZtW2Q6b574KyYDFW5vmdLh8qbmkl=
f3jR5wv04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=
=3D"CBxavwiC" target=3D"_blank">statement</a>. =E2=80=9COntario just execut=
ed with great precision the first foundation of a new nuclear reactor in On=
tario in over 30 years. This is a major achievement as the world turns to O=
ntario to refurbish and build large scale nuclear on-time and on-budget.=E2=
=80=9D&nbsp;</p>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">Ontario set a model for the rest of the regio=
n on how to pursue nuclear power despite modern development constraints. It=
s government-owned utility opted for the reactor over cheaper renewables an=
d batteries by examining a whole systems-cost approach that included the tr=
ansmission and back-up generation implied by a big solar and wind buildout.=
 That ownership model also inspired neighboring New York to tap in its New =
York Power Authority, the largest state-owned utility the U.S., to lead the=
 charge on building at least a gigawatt of new reactor capacity, as <a href=
=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3=
zMt1J699-75W2F3lfm5NFW3hN8GDX6T3qn9qW7Y8-PT6lZ3nNN1MQkH-GGN5_W376n2T2DcyD4W=
6clq2H2vPtlkW1lsvKP7LGCvzW8B6b_66PsH54W5tdshj8BYjH2W5VMsqm2LlF5JV4_Z2l3D8_k=
3W53VG_x19NXkWW8tQlJb2Hkhl0W2F3sfZ4-mKWlVNXzzV5d_ZnLN6Y5xkfw9NQpW7ZJsP29kWX=
y1W2bjp5j8JwbP7W8FTDdq5kBrMhW6_4RDK52LfB0W6ZMK6Z1pXg8YW7sl_y07-rmHNW4gYd_R6=
7n9FzW313Q_h3JbZRMW8gByFp3Z6_gBW2Z4CyG4h3TSwW7NdKz_53C_C3W42N-H13fLQ-bW53b9=
JH7MPM5wf8LmJLv04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-li=
nk-id-v2=3D"As0kL3o+" target=3D"_blank">Heatmap=E2=80=99s Matthew Zeitlin e=
xplained</a> last year. In December, <a href=3D"https://d2QWfV04.na1.hubspo=
tlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6T=
3qn9qW7Y8-PT6lZ3lKW2d1kC_4d--kyW3kRd4g8vQky-W63LP_N5f_hRJW5KW3Kh290WjVW3vBq=
Sk8qTC14W6c_HHD304nBcW21h7bt8xy4jnVVP05L1fDPd4W7fwpcq7kcBvNW1NnQ2M7z7MvnW7C=
NTFX3S3h0ZW72ryT58h_nwsW1qjGvh2jhtjLMWRtylY5wczW8KK1ff5TqDMyW8GN6L-6lBJq4W1=
_SPH02fRnvmN8L0gqGsMPRxW3zBPVH4TXvzrW3mWrYT4VhfTXVFfGp-1BqbG3W2zkmTt37FdpnW=
22fnyB8frPP3W5-cyht6-CbSLW4-t_1k8SyFTsW3Ny7623LDg3Zf6YNp7v04" style=3D"colo=
r:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"8KNkIc2G" target=3D"=
_blank">as I wrote at the time</a>, New York Governor Kathy Hochul forged a=
 nuclear alliance with Ontario=E2=80=99s government to work together on iss=
ues related to building new reactors. The U.S. last year pumped $400 millio=
n into GE Hitachi=E2=80=99s plan to build America=E2=80=99s first BWRX-300 =
at the federally owned Tennessee Valley Authority=E2=80=99s Clinch River fa=
cility, as <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWf=
V04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6T3qn9qW7Y8-PT6lZ3lvW87QvJD3=
14NGPW2nbsv84Xw1GMW6scxBB4zQkXLW1YpdcL302C-jW7W34_Y1ZFg61W63Khws5cGhrFW7YHx=
BK7ldjdTW4kXfvP2hhZ5wW5gqs1W4WKG34N1QY6PsyJPdVW1SR_DK2gKj5lW3xLq0l1zgYQbW3r=
Q06r1l6wPNW3cK-_t8DJ635W6k38W81KWs6HW8DNW1-12gGkZT2t975bFc5xW8Vqfnk60lvjNW1=
wpp673gv2cVW5-VZ525RwdQwW6sSnCd1fwg14W9l_yHN8mC_jVW9cN1nX5Wzr2wN1PsHhPf0JT2=
W89cVZ82Cmx1NW7m9Y665HkvkSf6-gQLP04" style=3D"color:#000000" data-hs-link-i=
d=3D"0" data-hs-link-id-v2=3D"vMfLdUMa" target=3D"_blank">I reported for He=
atmap</a>.&nbsp;</p>
</div>
</div>
</div>
</div></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7755629544911" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><tab=
le role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"=
vertical-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:6px solid #e6e6e6;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:6px solid #e6e6e6;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
</div>
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<!--[if (mso)|(IE)]></td><![endif]-->
    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
  =20
  </div>
  <div id=3D"section_1775477629132" class=3D"hse-section" style=3D"padding-=
left:10px; padding-right:10px">
   =20
   =20
      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff" bgcolor=3D"#ffffff">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;">
<![endif]-->
<!--[if gte mso 9]>
  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column_1775477629132_0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_=
module_17168972411022" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos=
_wrapper_type_module" style=3D"color: inherit; font-size: inherit; line-hei=
ght: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"modu=
le"><div id=3D"hs_cos_wrapper_module_17168972411022_" class=3D"hs_cos_wrapp=
er hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inh=
erit; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=
=3D"widget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%; fo=
nt-weight:bold">4.<strong> The Trump administration is still going after Ne=
w York=E2=80=99s congestion pricing</strong></p></div></div></td></tr></tbo=
dy></table>
</div>
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    <!--[if (mso)|(IE)]></tr></table><![endif]-->
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-left:10px; padding-right:10px">
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff; padding-bottom:10px" bgc=
olor=3D"#ffffff">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;padding-bottom:10px;">
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=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column-1774269060708-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:10px 20px 20px"><div id=3D"hs_cos_wrapper_=
module_17302028083781" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos=
_wrapper_type_module" style=3D"color: inherit; font-size: inherit; line-hei=
ght: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"modu=
le"><div id=3D"hs_cos_wrapper_module_17302028083781_" class=3D"hs_cos_wrapp=
er hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inh=
erit; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=
=3D"widget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%">Th=
e Trump administration hasn=E2=80=99t abandoned its effort to kill New York=
=E2=80=99s congestion pricing scheme. On Friday, Secretary of Transportatio=
n Sean Duffy <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2Q=
WfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX5n5nXHCW50kH_H6lZ3mrW2dTgB=
82shfmBW6hN1z_25y4ydW85xmlJ1zqbCYW2YJ57G7Ky5HJW3mF52F35XFsqW2nqTTD88M5mzVc8=
HHs75kc5VW72bJN63LxFBNN5GBpKFjlCcxW7_JQ574w8gzYW8TwD163ypDP1N8J_HnG4Yxc-VdS=
RMR2TKQFfW19fV0b2ZTxmZW7qCC0R43S9xjW6vX_CM3RSfkhV1vCMq6-lbW2W7c-PnP37X_RQW9=
463vK1_q6vgVjCKz05TkM4SW5tN0Xr5j0X00W49K8X03vVxXZVZp4xv7__5fhW4bv3pK9jmGzHW=
6H4mLR7L5SR6W2wN04s7jR0h8VbwLQ07_4qs_W1pwFLf6zWDjwW3dHQ6v59-H1GV4L8kg4QGL4V=
W7D1cVB55pplwW3DpZTk7ySfH2f14BxGK04" style=3D"color:#000000" data-hs-link-i=
d=3D"0" data-hs-link-id-v2=3D"tJKtnDYI" target=3D"_blank">filed a notice</a=
> of appeal to U.S. District Judge Lewis Liman=E2=80=99s <a href=3D"https:/=
/d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75=
W2F3lfm5NFW3hN8GDX783qn9qW8wLKSR6lZ3kvW8l599T9j3HwSV6dVc9907dvJN8NHRqYw2hkd=
V7W0Sc89wgyTN9f_hqLwz2HZW7Wsmh680DjM_W205T2z8rnWKkVKdcm97NcPP4W2Krfhy76szpc=
W1pG_6h2LBqZ9W4CznBM8Mttl5W3RmZr92prx-fW2f2xCV6qNt_DW2p2GX81CfR7-W5FyD6s6sh=
MrYW9k8zBD61KndwW4sZC758s4xM3W3rjhcT7b85t7W4FnNTk5s-9hRW11yK6H8MGzC2W469Qbc=
5HvD3YW4sK7562M-ZwWM29jGHV0YglW5ZqxvF1Tjj4xW768GjF5JzbgtN7JQyGWxKXBLW6zBwTY=
14H9R8W5t58bJ3gzD4sf8ZqTkY04" style=3D"color:#000000" data-hs-link-id=3D"0"=
 data-hs-link-id-v2=3D"UMGf6avp" target=3D"_blank">March 3 decision</a> to =
dismiss the administration=E2=80=99s lawsuit arguing that New York had over=
stepped its federal authorization by putting the toll in place. Before New =
York City implemented congestion pricing, experts warned that the apparent =
opposition captured in the pages of the<em> New York Post</em> was a paper =
tiger. Successful efforts to impose tolls on cars driving into dense urban =
areas with lots of public transit in Singapore and London had followed the =
same arc: Vehement blowback before the tolls take effect, contented accepta=
nce once the charges become as normal as any other toll on the city=E2=80=
=99s roads and drivers start enjoying the easing of the gridlock. Within mo=
nths of congestion pricing taking effect, polls showed that, already, <a hr=
ef=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-=
W3zMt1J699-75W2F3lfm5NFW3hN8GDX5n5nXHCW50kH_H6lZ3p7W86WSJT2MK5FMW1xDD4r3BBf=
yPW4gkWMf1TWF4pW1Y0jQL2nFq3hW2YPvZ62wvt7LW1S58ZG5D97fjVJwM3d55q5-hW5__gZ21P=
dBwRW1DcjZV4mbX2zW6WwfTf3NSqLjW5QZnPB61xlJGW3gN1Mz2jDVZ0W5lzFrz12d4DWN1rxHq=
7xVX3kW2f8xT65yDS-kN93MbfQXrWdTN7jSMJTdB83TVhl-v-18FCnjW4jrpTN1GcplKW7s_JWh=
8N-M8CW80nXK31l8Y-4W8xrNB04lh2wMW98v5JB4dgQ0hW7DD_6y66ynMMW6-WDh36ynhRwW4ln=
Zpk4CFWJNW2cy1QX8RYLlzW2vqZt_5Xxdx7W6PGkG-3qshvhW2BN_vc74Qp39W5Xcgrc1sFdSvW=
1ygGH38GWSDyf39_sg404" style=3D"color:#000000" data-hs-link-id=3D"0" data-h=
s-link-id-v2=3D"mEoKKam+" target=3D"_blank">support had flipped</a> with mo=
re New Yorkers wanting to keep the tolls in place than eliminate them. But =
a year in, the results were hard to debate. As <a href=3D"https://d2QWfV04.=
na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NF=
W3hN8GDX7s3qn9qW95jsWP6lZ3l_N7jhNhLrpn8rW4ZxS508xLJ2WW5D6X_z1XKsDZW38sF0B2V=
Zl_3V-Bz4c70M_4WW3W27SP13TD9mN6VcVqrhSmDYW2Lz2_N3X5JVzW3_6Rwp4BzJfzN2DjWRk8=
t0cfW5CKFtQ1ZNVHDW7LQX3-7YZvszW2bVX523KkjWZW7-h75P5MBwf2W6wF0hL12TtB-W1YHVh=
r22VrwBW1kSZ0f3-MdF0W12m6PX1_FhxqW2CQctc8BzGbRW4-ytJQ1LFsxhW6_9hsN7HCLVSW3W=
Vh9F7ZklDXW5yN2j823cPkXW4CBHjk2Ww_W_W4zflL-7XDQlMW72M81_6yWQXcW2sFtJ423flFc=
W8M5MGm5CfBb3W49rtbM5K7WkvN5v-fC5dG31Xf51dnb404" style=3D"color:#000000" da=
ta-hs-link-id=3D"0" data-hs-link-id-v2=3D"esBpy+4j" target=3D"_blank"><em>T=
he City</em></a> put it: =E2=80=9CLess traffic. Faster buses. More subway r=
iders.=E2=80=9D</p>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">The latest legal challenge comes as New York =
grapples with mounting energy issues. In March, the Hochul administration <=
a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G=
2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX783qn9qW8wLKSR6lZ3llN8S-4G7Gm44LW66bSXG3=
vMGbwW2QhzNF8-B3SzW3_L-PS4_DF4ZW46NZ6N62tJSrN7j1PqVdkk3NW867z793-kkcyN6v9Nr=
P1_CHyW8scj1R2mSB9rW29bBs-1G55nJW2XbL3T2VBvYsW4fBwkx6RzvycW65C8xP66_QpsW6jx=
95m25JCGdW3MDyy7577zvNW5XN9vN5gMJ3SV6jv8x4W0-ZKW45glRD3nn1MPW6tqtdN2stKlSW2=
gdw1m8y_bhVW6t090R5f5WvgW6P3DH5278lyDVgvvTq2WP8q-W1yV5686dM-SFW8sPYG01lh7yg=
W2tR_st2ZJ0n_W3nStj-21lNZmW6XHhCS1-JWZ_f8_dT7z04" style=3D"color:#000000" d=
ata-hs-link-id=3D"0" data-hs-link-id-v2=3D"othi0d7z" target=3D"_blank">prop=
osed pushing back</a> a key deadline in the state=E2=80=99s landmark decarb=
onization law. The state <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/C=
tc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX5n5nXHCW50kH_H=
6lZ3pmW2Svr121qz4lXVwBh196Gsvk5W3WqY5J5TLdChN7h5GYPjX2ZVVxSktX4D_CgZW2H9dX-=
5sZCkLW83JL3-52-SdZW8jNVvb1J_6zCW3RZ12B8wVL5cN5FQGZ79b-47W3W892S63fL73W4GY_=
tW96c1c3W8JhfcC8GhjmzW4D61jZ2z950cN8MgvR4W9hyZW3dwd2x6rJ5npW5rpFkc3jVz5BW8B=
0cyj3xmXLHW3XN5qR7X7c8NW1Pk-w_3KK9g2N23lQRS8X_lQW7Y07q15g4Xz-N43Qm8bRsD9qW5=
8bbq68k4M_wN8Cy4GQMfG1rW1NLXcT68fc6BW2KJmRY5Wf2HSVz3CWj5ztxF-W8C5xqM2R5BL-N=
7BggwfFlM9nW4B70Nn4kVZ5_W6w8Nh584bwTrf22K7qW04" style=3D"color:#000000" dat=
a-hs-link-id=3D"0" data-hs-link-id-v2=3D"ac9lsCaJ" target=3D"_blank">has ye=
t to broker</a> a final budget as legislators struggle to reach a deal with=
 the governor=E2=80=99s office. Meanwhile, the state=E2=80=99s grid operato=
r <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxy=
k2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6T5nXHCW7Y9pgv6lZ3l8W4cM0g66k3H2XW95k=
Pgc2qYZ5yW5JdsKF6lCpfBN1bPYpWfblDKW91mvYr26wlGdW91-5x86tsDZdW3QJNWm8zg_XlW6=
_3szY2plbTjW4n-tk499qsgrW1x_L0x18hb4RW7VFk5F7tqCJBW6l0pVy8h4rCKW1q4b7F1W71M=
yN73qtL7YWb5-W3MQrgg8mkH_cW87JRsl88hcV-W4lxj1d4gmTSfW5H2FSm4LBC71W6yZL9S7X6=
56NW97JgRs8w9KS_W2_KMQQ7S1MkrW8msdPS5Yzs4SW2xh4cX1S2F3TW7N9_b-5Pmz5_W5l_-3z=
51_dNYW1qYqd27V8XG_W11HxJs10H856W1McvDG1Cf3hgW5fMwdP4hfD29W1j-kQ37FY_3tW8bp=
S_f7xYw00W3HCqn118Z6tGW8hlsSz33fy91W4LS9HS3L6rjjW2KbFNR357PhYW3v5QRW1tf_NXW=
6v0c245LngvpW9j0Ww01Jk3v6W4hfn101yNrMVW7M8cQr6Y-zv1W6RqyCM3zpynZW5GJ-p27Rn5=
4lf3Mn5jR04" rel=3D"noopener" style=3D"color:#000000" data-hs-link-id=3D"0"=
 data-hs-link-id-v2=3D"geV1Idmt" target=3D"_blank">has issued</a> a warning=
 urging regulators to allow two barge-mounted power plants in Brooklyn to s=
tay open past their planned closure.&nbsp;</p></div></div></td></tr></tbody=
></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7778957532213" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><tab=
le role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"=
vertical-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:6px solid #e6e6e6;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:6px solid #e6e6e6;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
</div>
<!--[if gte mso 9]></table><![endif]-->
<!--[if (mso)|(IE)]></td><![endif]-->
    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
  =20
  </div>
  <div id=3D"section_1774008655095" class=3D"hse-section" style=3D"padding-=
left:10px; padding-right:10px">
   =20
   =20
      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff" bgcolor=3D"#ffffff">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;">
<![endif]-->
<!--[if gte mso 9]>
  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column_1774008655095_0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_=
module_17168973895873" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos=
_wrapper_type_module" style=3D"color: inherit; font-size: inherit; line-hei=
ght: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"modu=
le"><div id=3D"hs_cos_wrapper_module_17168973895873_" class=3D"hs_cos_wrapp=
er hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inh=
erit; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=
=3D"widget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%; fo=
nt-weight:bold"><span style=3D"font-weight: bold;">5.</span><strong> U.S. r=
egulators approve The Metals Company=E2=80=99s deep sea mining bid</strong>=
</p></div></div></td></tr></tbody></table>
<div id=3D"hs_cos_wrapper_module_17778597456171" class=3D"hs_cos_wrapper hs=
_cos_wrapper_widget hs_cos_wrapper_type_module" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"module"><table class=3D"hse-image-wrapper" role=3D"pr=
esentation" width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
  <tbody>
    <tr>
      <td class=3D"hs_padded" align=3D"center" valign=3D"top" style=3D"font=
-family:'Times New Roman', Times, serif; color:#000000; word-break:break-wo=
rd; text-align:center; padding:10px 20px; font-size:0px">
        <img alt=3D"Screenshot 2026-05-03 at 21.54.37" src=3D"https://hs-23=
917781.f.hubspotemail.net/hub/23917781/hubfs/Screenshot%202026-05-03%20at%2=
021.54.37.png?width=3D1120&amp;upscale=3Dtrue&amp;name=3DScreenshot%202026-=
05-03%20at%2021.54.37.png" style=3D"outline:none; text-decoration:none; max=
-width:100%; font-size:16px" width=3D"560" align=3D"middle">
      </td>
    </tr>
  </tbody>
</table></div>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7751648071945" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div=
 id=3D"hs_cos_wrapper_module_17751648071945_" class=3D"hs_cos_wrapper hs_co=
s_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"rich_text"><p style=3D"text-align:right; font-size:12=
px; line-height:150%" align=3D"right">What a future deep sea mining control=
 room will&nbsp;look like. Photo: The Metals Company</p></div></div></td></=
tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px 20px"><div id=3D"hs_cos_wrapper_mod=
ule_17273490830932" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17273490830932_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%">The Nat=
ional Oceanic and Atmospheric Administration has ruled that The Metals Comp=
any=E2=80=99s deep-seabed mining application is fully compliant with U.S. r=
egulations. On Friday, the Canadian company, which is aiming to harvest min=
eral-rich nodules from a 1.7-million-acre swath of the Pacific called the C=
larion-Clipperton Zone, called the approval =E2=80=9Ca key milestone=E2=80=
=9D toward commercialization that puts the firm on track to start producing=
 metals by the first three months of next year. Under a new regulatory fram=
ework NOAA put out, which The Metals Company applied to use, =E2=80=9Cappli=
cants with exploration-phase data to submit a consolidated application for =
both an exploration license and commercial recovery permit,=E2=80=9D establ=
ishing =E2=80=9Ca more efficient=E2=80=9D permitting timeline. =E2=80=9CThi=
s determination marks an important step forward in NOAA=E2=80=99s transpare=
nt, rules-based process, and brings us ever closer to providing the U.S. wi=
th a new, abundant and lower-impact source of critical metals,=E2=80=9D Ger=
ard Barron, chairman and chief executive of The Metals Company, said in a <=
a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G=
2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX5-5nXHCW69t95C6lZ3pvW8bg8Mh8XB1lRW2skcgF=
226qGwW7T2lVp8hgYLhVvrLj19b28wNW6vKMxR8V02mPW9f0mKV97p_ZNW63b9dl7vdKbDW4wWg=
R1421QdFN1JCwG_J8pMTW75Cm7P3vcH_KW7dtLL-4gVjlkW1lgvht35x0rdVZplYv4G_nK5W89v=
Pjt6P9LV3VW6d6X2dnsnvW20-szm1MbfT_W9hj0sq2Q156VW6VQ4p-76WynQW16zD-M6Pm8BnW2=
sRr-c5X_nzLW7whLZy6lSwHbW8Mwg7G4cH2b1W8vbJv45Yn0q_W3QKHS0715_GVW3_c5x77Mf-W=
nN5rxhHKKmm5DW6sb_VL3-8bRHW5BjtG8302v_BW1r8bKk5NFZsnW2lrPzJ4cTTL7W4SRC898v7=
JFtW8fnb3J84JZYDW2cH-4w3jKh5ZN45VJM4tX6JhW87slcv1sWwCZW2lwSyY28s6-Zf32pXvM0=
4" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"ehCH=
1Sd6" target=3D"_blank">statement</a>. =E2=80=9CIt reflects the sheer scale=
 of scientific, environmental, and engineering effort and expertise that ha=
ve been brought to bear on this project over the last 15 years, which provi=
des us with sufficient information to move efficiently and responsibly into=
 commercial operations under NOAA=E2=80=99s oversight.=E2=80=9D Shares in t=
he company surged on Friday in response to the news.&nbsp;</p>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">In March, the United Nations=E2=80=99 Interna=
tional Seabed Authority vowed to establish a global framework for regulatin=
g deep seabed mining this year, <a href=3D"https://d2QWfV04.na1.hubspotlink=
s.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5NFW3hN8GDX6T3qn9q=
W7Y8-PT6lZ3lRW73WlYc6n00GXN7CVHpnwjVC_W2hDr-469nFg-W5-33L34VjMLYN3CWlvXhrK5=
HN2gYPHDHMWChW2TKKLr26rWtnVpH3qb2TX9N0W1S3J2g1x-07zW3Qgcbd6TQq6NW6R_qjt3F5H=
ZzW5pPtNY4nGLb1W2WXzqP2VstCQW6jqzbl14Q8sjW11QDtc819KR6W3bgpm-3Q2mj1W52VbjV8=
N5t5xW8c6xLs3hv8l7W78cywD8fVssLW25jfLm3jtzZzW4tp5gc6pxscDVh0LTm2qms24W8SLlR=
l3lrXW2W8lctB94Svf6HW41h3sM4cfQl3N5wC9NDS3tn5f32xQnx04" style=3D"color:#000=
000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"UyjWg7pb" target=3D"_blank=
">as I wrote at the time</a>. Japan, meanwhile, is <a href=3D"https://d2QWf=
V04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lf=
m5NFW3hN8GDX783qn9qW8wLKSR6lZ3pmW8L4NdC4ljWwnW7lR1v_6c8FbFW4fk2PJ79V-VjN8dF=
0Trxd8YkW5SLZQm99nt5RW64HX9g4bnMMmVb0vDN6bVFWYW87Ky9l7vcgywW7lsmSG4hSTVKW92=
fY931rZ8NPN4P5TT0hmLXcW8kM9Ny2HYMzqW81j2t82t07g_W4W6MfH1Hqm2QW4Mq1px70BYHPV=
hH8sZ7mJRkqV8nFdZ1_dRMsW1x9RWz5vKc3mW8LMqgz4Qx-2xW6Y1bsl4Z0McqW8wVRFZ7FKBjd=
N2sywBRV5TPTW7Cfy7b2NrsN1W5kZ7Wf870TbDW297PXr5t7PVlW5l8g725r6FnbN2J5_vzYcgq=
KW1ZdJ3_1W-g5Nf2XLPDP04" style=3D"color:#000000" data-hs-link-id=3D"0" data=
-hs-link-id-v2=3D"WfUei9tk" target=3D"_blank">stepping up its efforts</a> t=
o create its own seabed mining industry.&nbsp;</p></div></div></td></tr></t=
body></table>
</div>
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adding-right:10px">
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff" bgcolor=3D"#ffffff">
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    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
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=3D"0" style=3D"width:600px">
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<div id=3D"column-4-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_modul=
e-4-0-0" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_=
module" style=3D"color: inherit; font-size: inherit; line-height: inherit;"=
 data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><table rol=
e=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"vertic=
al-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:4px solid #1c86f5;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:4px solid #1c86f5;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px"><div id=3D"hs_cos_wrapper_module-4-0-1"=
 class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" =
style=3D"color: inherit; font-size: inherit; line-height: inherit;" data-hs=
-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=3D"hs_cos_=
wrapper_module-4-0-1_" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos=
_wrapper_type_rich_text" style=3D"color: inherit; font-size: inherit; line-=
height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"r=
ich_text"><h1 style=3D"margin:0; font-family:Arial, sans-serif; font-size:2=
2px; line-height:150%">THE KICKER</h1></div></div></td></tr></tbody></table=
>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7678798381002" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div=
 id=3D"hs_cos_wrapper_module_17678798381002_" class=3D"hs_cos_wrapper hs_co=
s_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"rich_text"><div aria-labelledby=3D"primary-D0960F0VAL=
C-1772455746.018939-sender primary-D0960F0VALC-1772455746.018939-message_te=
xt primary-D0960F0VALC-1772455746.018939-alt_text primary-D0960F0VALC-17724=
55746.018939-date_time primary-D0960F0VALC-1772455746.018939-reaction_count=
 primary-D0960F0VALC-1772455746.018939-reply_count primary-D0960F0VALC-1772=
455746.018939-link_count primary-D0960F0VALC-1772455746.018939-attachment_c=
ount primary-D0960F0VALC-1772455746.018939-has_draft_reply primary-D0960F0V=
ALC-1772455746.018939-pinned_state primary-D0960F0VALC-1772455746.018939-ed=
ited_state primary-D0960F0VALC-1772455746.018939-later_state primary-D0960F=
0VALC-1772455746.018939-broadcast_state primary-D0960F0VALC-1772455746.0189=
39-broadcast_thread_root_message primary-D0960F0VALC-1772455746.018939-tran=
slated_state" aria-setsize=3D"-1" style=3D"line-height:150%">
<div data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<p style=3D"line-height:150%">The kiwi disappeared from the hills around Ne=
w Zealand=E2=80=99s capital more than a century ago. But now the country=E2=
=80=99s flightless national bird is once again living in Wellington. <stron=
g>Last week, the Capital Kiwi Project, a charitable trust that aims to brin=
g the birds back to the city, released its 250th kiwi</strong>. =E2=80=9CTh=
ey are a part of who we are and our sense of belonging here,=E2=80=9D Paul =
Ward, founder of the Capital Kiwi Project, told <a  href=3D"https://d2QWfV0=
4.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699-75W2F3lfm5=
NFW3hN8GDX5-5nXHCW69t95C6lZ3q6W2MqQZ-519cpYW1Z14hz2PywwnW86-CNr8vC1ltW3Xfrq=
52F72R0W3FKt2d8KlQjBW8VBkPS6NNCHxW6Hv_Rp832GMqW7Sbz0_5nFQpCN1WRp4kxv_CLW8SF=
pH_3bNBVkW7qrskh4xTrWxW2g7sBX8FnZxdW8QSnPV5M8g4lW5wSj9N71YddrW8jZDkX1K-XRDW=
4Rtpd25YFD7cW3qgm_z6MlrgDW5c1l7S51bdd8W5dz0-c6Cr_DcW7lVbZ91Y8T_zW6wg2zL2DLn=
TPW26yfVN1GCT2gW4vxLM76HXPg6W7LlcX_6CBsdQW8YJbR477LkQ7W6b4SPT8Gv0kvW19z5X47=
sTbzdW8BPJqc1Y1CMFN1sQwYTzCjc3VHk7pK4grRXnW5BWWHX2T99_KW487qHc39TdSDW7J-Src=
8479L7W7l61h37RcPXGW9kNjHb5G41MyV_TGH92mDfLtf7rp3Ts04" style=3D"color:#0000=
00" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"iLJ1Efsu" target=3D"_blank"=
>Euronews</a>. =E2=80=9CBut they=E2=80=99ve been gone from these hills for =
well over a century and we decided as Wellingtonians that wasn=E2=80=99t ri=
ght.=E2=80=9D</p>
</div>
</div></div></div></td></tr></tbody></table>
</div>
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-left:10px; padding-right:10px">
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff" bgcolor=3D"#ffffff">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;">
<![endif]-->
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  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column-1739460128904-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:12px 20px"><div id=3D"hs_cos_wrapper_modul=
e_17394601289042" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrap=
per_type_module" style=3D"color: inherit; font-size: inherit; line-height: =
inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><=
table role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=
=3D"vertical-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:4px solid #000000;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:4px solid #000000;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7394601289043" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div=
 id=3D"hs_cos_wrapper_module_17394601289043_" class=3D"hs_cos_wrapper hs_co=
s_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"rich_text"><h1 style=3D"margin:0; font-family:Arial, =
sans-serif; font-size:22px; line-height:150%">Opportunities</h1>
<p style=3D"line-height:150%"><span style=3D"font-family: Arial, sans-serif=
;">&nbsp;</span></p>
<p style=3D"font-weight:bold; font-size:22px; line-height:125%"><span style=
=3D"font-family: Arial, sans-serif;"><strong>Group &amp; Gift Subscriptions=
</strong></span></p>
<p style=3D"font-weight:bold; font-size:22px; line-height:125%">&nbsp;</p>
<div style=3D"font-size:20px; line-height:150%">
<div style=3D"line-height:150%">Interested in discounted group subscription=
s for your company, university, or organization? Visit&nbsp;<a href=3D"http=
s://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWrxyk2G2Tm-W3zMt1J699=
-75W2F3lfm5NFW3hN8GDX6T3qn9qW7Y8-PT6lZ3lDW7tJTsD1C3hy5W5QRGGR8k9hFFW8ld2Mr8=
kxh4PW1GlRXt3wLwrfW4t33tk4xBDRYW6QWc8l4_TRJJW72LqbZ349fhHW4mny2k580RWrW4LW2=
Rx5vny9jW4437Vc3VRlT-W6XGDBj1XWyqhW8R629_6BrjTxW4ZvnXD4K1MLbW8wmGXP8SHxy-W8=
Sn9gV30m4cLW6ZjSvY983_QLN1mH1zGtzc8GW8TcXd287b6SRW4HmJCF4-lcXLW59z9GF4SCn-D=
W5nNsVm4mmZQ8W6lMl4c8Vl7vZVbT66D7MqbJvW4nP9BH4DJJ2WW5-8QmF5RbzgFW7jgjqw7qX1=
ZLf3QkzJl04" target=3D"_blank" style=3D"color:#000000; font-style:normal" r=
el=3D"noopener noreferrer" data-stringify-link=3D"https://info.heatmap.news=
/group-subscriptions" data-sk=3D"tooltip_parent" data-hs-link-id=3D"0" data=
-hs-link-id-v2=3D"B1qgd547">this link</a> to inquire and equip your teams w=
ith world-class climate and energy intelligence.</div>
</div>
<div style=3D"font-size:20px; line-height:150%">&nbsp;</div>
<div style=3D"line-height:150%">
<div style=3D"line-height:150%"><span style=3D"font-family: Arial, sans-ser=
if;"><strong>Advertising &amp; Events</strong></span></div>
<div style=3D"line-height:150%">&nbsp;</div>
<div style=3D"font-size:20px; line-height:150%">Want to get in front of Hea=
tmap=E2=80=99s audience of energy insiders? Contact Heatmap=E2=80=99s Mike =
Munsell at <a href=3D"mailto:mike@heatmap.news" rel=3D"noopener" style=3D"c=
olor:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"9AQHn3Lk" target=
=3D"_blank">mike@heatmap.news</a>&nbsp;to learn about newsletter and podcas=
t sponsorship, thought leadership opportunities, and upcoming events.</div>
</div>
<p style=3D"font-size:22px; line-height:125%"><span style=3D"font-family: A=
rial, sans-serif;">&nbsp;</span></p></div></div></td></tr></tbody></table>
</div>
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    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
  =20
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  <div id=3D"section-6" class=3D"hse-section" style=3D"padding-left:10px; p=
adding-right:10px">
   =20
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#1d5693; padding-top:10px" bgcolo=
r=3D"#1d5693">
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    <!--[if (mso)|(IE)]>
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spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#1d5693">
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    <![endif]-->
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<![endif]-->
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=3D"0" style=3D"width:600px">
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  <div id=3D"hs_cos_wrapper_module-6-0-0" class=3D"hs_cos_wrapper hs_cos_wr=
apper_widget hs_cos_wrapper_type_module" style=3D"color: inherit; font-size=
: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget" data-=
hs-cos-type=3D"module"><table class=3D"hse-image-wrapper" role=3D"presentat=
ion" width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
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rd; text-align:center; padding:10px 20px; font-size:0px">
        <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04=
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WgW8LJmrp74qq5pW5jbFcv6pv3jdW59G11d2TmjNkW4gTsrp1-QLcCW8sChTs17glwdW1pkCD12=
tZsDTW6hGvYT3nsyYlW4w25pS6fnGvjW6Fm8Cl2hnP7pN78mZC0fY7nSW3GR9mR5_Z479VX6p2q=
3QshBlW32n7GW8RMRwmW1F_LW64BjfJvW8Xy89g5CbZnJVMf1v81jJ3pDW2NMZL58mR-21W6Lq6=
cq8gDPyPW1dd0rZ5VVm4zW68JG6W6VwWV_VDPm_F4FtwBmf77HrpK04" target=3D"_blank" =
style=3D"color:#00a4bd" data-hs-link-id=3D"1" data-hs-link-id-v2=3D"rsU3Fm2=
s">
        <img alt=3D"heatmap_logo_transparentbg" src=3D"https://hs-23917781.=
f.hubspotemail.net/hub/23917781/hubfs/Logos/heatmap_logo_transparentbg.png?=
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tyle=3D"outline:none; text-decoration:none; border:none; max-width:100%; fo=
nt-size:16px" width=3D"150" align=3D"middle">
        </a>
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  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7114911542741" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><tab=
le style=3D"width: 100%; border: none;">
  <tbody><tr>
    <td style=3D"font-family:'Times New Roman', Times, serif; font-size:22p=
x; color:#000000; word-break:break-word; width:30%" width=3D"30%"></td>
    <td style=3D"font-family:'Times New Roman', Times, serif; font-size:22p=
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