BETHESDA, Md., Sept. 23, 2024 /PRNewswire/ — SAR, a data analytics company specialized in the securities litigation risk of public companies, announces the appointment of Anthony Kabanek to Executive Vice President and welcomes him as a member of the executive leadership team.  The company also announces the publication of its inaugural U.S. Securities Litigation Risk Report, and the launch of the ACE Alert^SM subscription service.  The ACE Alert^SM subscription empowers strategic corporate executives, legal and investment professionals with trusted data-driven insights on the securities litigation risks facing corporate directors and officers of public companies listed on the NYSE or NASDAQ.

Anthony will spearhead the company’s business development objectives to optimize executive and financial risk-transfer solutions with responsible technological innovation.  He leads a team focused on building relationships with leading insurers that offer superior management liability insurance.  His goal is to deliver the value of trusted analytics and bespoke data licensing solutions of the SAR Platform^SM to multinational insurance and reinsurance companies.  

“Anthony brings successful business development and corporate sales experience to SAR.  I am thrilled to welcome him as a valued member of our leadership team to lead the execution efforts of key business development initiatives,” said Nessim Mezrahi, CEO.

Prior to joining SAR in 2024 from Microsoft, Anthony had two decades of corporate sales experience.  Anthony was a servant leader for successful teams at Microsoft, Intel 471, FireEye, and Mobius Partners by partnering with executive managers to deploy and implement technology solutions for Fortune 50 companies.  He is a 23-year veteran of the U.S. Navy Reserves, currently holding the rank of Commander.  Anthony served as the U.S. Naval Attaché for the U.S. Embassy in Madrid; was the Chief Military Liaison at the U.S. Consulate General Dutch Caribbean; served as Operations Officer, USCENTCOM/USSOUTHCOM; and was a Platoon Intelligence Officer with Navy Special Operations.

“I am excited to join SAR and lead the company’s growth journey by honoring the ethos of its mission.  We will execute our business development objectives with integrity and a commitment to delivering value for our corporate customers to better protect directors and officers of U.S.-listed companies,” said Anthony Kabanek, Executive Vice President.

Today, SAR also announces the publication of the inaugural U.S. Securities Litigation Risk Report.  The research report presents the impact of Adverse Corporate Events on the market capitalization of companies that trade on the NYSE or NASDAQ.  After six years of independent research and development by SAR, the organization has executed its commitment to publish data-driven results of stock price performance in response to the frequency and severity of Adverse Corporate Events to more accurately quantify the securities litigation risks that impact issuers.  SAR relies on the uniform and proactive application of the court-accepted event study methodology to continually test stock price reaction in response to corporate disclosures of U.S. and non-U.S. issuers to more accurately identify, track, and estimate the economic impact of Adverse Corporate Events.

Today, SAR also announces the launch of the ACE Alert^SM subscription service to offer unparalleled analytical prowess and transparency to key stakeholders that seek an innovative data-driven advantage to win in a highly competitive market.  The ACE Alert^SM is an essential risk management analytics tool that tracks the frequency and severity of Adverse Corporate Events every trading day based on issuers’ corporate disclosures. 

You can sign-up to fortify executive risk coverage and loss mitigation solutions to better protect directors and officers that choose to trade in American stock exchanges by clicking here: https://www.sarlit.com/acealerts

Media contact: [email protected]  

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–  On the sidelines of Climate Week in New York City, major banks, government representatives and industry executives recognized the role that nuclear energy can play in the global energy transition.

–  Nuclear energy was included in the historic outcome of the first global stocktake under the Paris Agreement.

–  Improving access to financing can help unlock nuclear energy’s potential for significant decarbonization for zero-emission power and heat.

NEW YORK, Sept. 23, 2024 /PRNewswire/ — Today, nations endorsing the Declaration to Triple Nuclear Energy launched at COP28 in 2023 were joined by 14 financial institutions who expressed support for the call to action to triple global nuclear energy capacity by 2050.

The group of financial institutions in the convening include: Abu Dhabi Commercial Bank, Ares Management, Bank of America, Barclays, BNP Paribas, Brookfield, Citi, Credit Agricole CIB, Goldman Sachs, Guggenheim Securities LLC, Morgan Stanley, Rothschild & Co., Segra Capital Management, and Societe Generale.  

The financial institutions recognized that global civil nuclear energy projects have an important role to play in the transition to a low-carbon economy. They further expressed support for long-term objectives of growing nuclear power generation and expanding the broader nuclear industry to accelerate the generation of clean electrons to support the energy transition.

With opening remarks from Senior Advisor to the President for International Climate Policy John Podesta, the event, which took place in the Rockefeller Center in New York City, brought together heads of state, ministers and leaders from the nuclear and financial industries, along with heavy and power intensive industry executives, to recognize the role of private sector finance in supporting global efforts to decarbonize power grids.

“Our collective mission is clear: nuclear energy is clean energy, and if we are to ensure a livable planet, build secure, sustainable supply chains for clean energy and bolster prosperity around the world, we need to make sure that nuclear energy does its part,” said John Podesta, Senior Advisor to the President for International Climate Policy. “I know we can make it happen—as long as we work together.”

Capital markets and financing can play a critical role in developing and growing nuclear energy projects worldwide. Financial institutions can provide experience, global presence, services and solutions to support the industry.

This expression of support for nuclear energy builds on the December 2023 outcome of the first global stocktake under the Paris Agreement, which included nuclear among the zero- and low-emission technologies that Parties should seek to accelerate, as well as the Declaration to Triple Nuclear Energy, launched at the 28th UN Climate Change Conference and endorsed by 25 countries.

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“The only riddle left to solve is the financial side, the financial costs,” said Dr. Robert Golob, Prime Minister of Slovenia. “Financial markets need to adapt and develop new financial instruments in order for nuclear energy to become competitive with other CO2-free energy sources.”

“It is time to take concrete action towards necessary expansion of nuclear energy, said Ebba Busch,” Minister for Energy, Business and Industry and Deputy Prime Minister of Sweden. “The Swedish government is exploring a proposed financing model which includes government-backed loans, Contracts-for-Difference (CfDs) and risk-sharing mechanisms. The aim of the proposal is to significantly improve the conditions for nuclear newbuild in Sweden and with it, a more sustainable future.”

“New nuclear power is both clean and safe, and more importantly proven, with a number of nations now operating highly advanced and ‘commercially viable’ third- and fourth-generation fission technologies,” said James Schaefer, Senior Managing Director of Guggenheim Securities. “It is essential that we accelerate the progression of planned projects into plants on the ground given the huge demand coming down the line for data centers and AI technologies. This will require nuclear companies, plant owners, data center and technology companies, together with banks and financial institutions to collaborate closely.”

In the declaration, these nations recognized the importance of mobilizing finance and investment for nuclear power to help keep 1.5°C within reach, marking a significant shift in global climate policy and catalyzing a dialogue on the role nuclear energy can play in reducing global emissions.

“Including nuclear energy as a zero-carbon technology alongside renewables is essential to meeting the world’s carbon reduction goals and ensuring that heavy industrial manufacturers like Nucor have a reliable and clean electricity supply to continue growing, prospering, and providing high-paying jobs,” said Benjamin M. Pickett, Vice President & General Manager of Public Affairs & Government Relations, Nucor Corporation.

“Since COP 28 in Dubai last year, we have witnessed a step change in momentum across the nuclear sector, buoyed by a significant increase in demand for clean electrons for data centers and AI, with global power demand for this sector alone set to double by 2026,” said Mohamed Al Hammadi, Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation. “With the support of 14 global banks and financial institutions witnessed this morning on the sidelines of New York Climate Week, it is clear that not only is nuclear energy viewed as a crucial enabler to decarbonize the power sector, but it also fits the profile for sustainable and transition financing, especially as we now see multiple nuclear plants being delivered efficiently, providing confidence to the market and a clear market signal that nuclear is a proven, bankable route to energy security and net zero in parallel.”

The 25 nations endorsing the Declaration to Triple Nuclear Energy include Armenia, Bulgaria, Canada, Croatia, Czech Republic, Finland, France, Ghana, Hungary, Jamaica, Japan, Republic of Korea, Moldova, Mongolia, Morocco, Netherlands, Poland, Romania, Slovakia, Slovenia, Sweden, Ukraine, United Arab Emirates, United Kingdom, and the United States of America.

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MADRID, Sept. 23, 2024 /PRNewswire/ — During the recent G20 Tourism Ministers’ meeting in Belém, Brazil, UN World Tourism Organization Secretary-General, Zurab Pololikashvili, called for urgent measures to reshape tourism in a way that benefits both the environment and local communities. With tourism on track to return to pre-pandemic levels by the end of the year, Pololikashvili highlighted the importance of looking beyond recovery and focusing on making tourism a force for positive change. His message emphasized empowering local communities, taking meaningful action on climate issues, and adopting sustainable economic practices that prioritize nature and circularity.

Global tourism has been steadily recovering from the COVID-19 pandemic, with data showing that international tourist arrivals in the first half of 2023 have reached 80% of 2019 levels. Some regions, particularly the Middle East and Europe, are even surpassing these figures. However, areas like Asia and the Pacific are seeing a more gradual return due to ongoing travel limitations. This recovery reinforces tourism’s crucial role in driving global economic growth, creating jobs, and fostering development in regions that rely heavily on the industry.

“Tourism thrives on the stability of the climate, biodiversity, and the sustainable use of natural resources,” Pololikashvili remarked. “Without urgent climate action, the future of tourism, along with the communities and ecosystems that rely on it, is at risk.”

Pololikashvili also stressed that tourism’s true potential lies in its ability to not only generate employment but also bring diverse cultures together. However, for tourism to evolve into a more sustainable and inclusive sector, new approaches are needed. This includes innovative governance that centers local communities and environmental preservation in decision-making, as well as stronger collaboration between governments and various stakeholders.

This appeal marks a critical juncture for the global tourism industry. The message is clear: to ensure its long-term success and resilience, the sector must place climate action and community empowerment at its core.

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