Connect with us

California

EXCLUSIVE California lithium tax would delay shipments to automakers, executives warn

Published

on

EXCLUSIVE California lithium tax would delay shipments to automakers, executives warn


Sundown is mirrored within the Salton Sea as seen from Bombay Seashore, California, U.S., March 15, 2022. Image taken March 15, 2022. REUTERS/David Swanson/File Picture

Register now for FREE limitless entry to Reuters.com

June 29 (Reuters) – A proposed flat-rate tax on lithium produced in California’s Salton Sea area will delay deliveries of the electrical car battery steel to Normal Motors Co (GM.N) and Stellantis NV (STLA.MI) and will push some mining firms to exit the state solely, business executives advised Reuters.

Advertisement

The brewing pressure comes as America’s largest state is attempting to place itself as a frontrunner within the inexperienced power revolution and as provides of lithium have didn’t match surging demand amid the push to section out gasoline-powered autos.

Eric Spomer, chief govt of privately held EnergySource Minerals LLC, advised Reuters his firm has halted discussions with potential financiers and a serious automaker he declined to establish whereas California’s legislature debates the tax.

Register now for FREE limitless entry to Reuters.com

“This tax would stifle our business earlier than it even begins,” he mentioned. “We’re prepared to pay and contribute to the area people, however it needs to be a rational tax.”

Advertisement

The tax, which might have an effect on the three Salton Sea-area lithium builders, is tied to a must-pass state funds proposal. A vote could come as quickly as Wednesday evening and Governor Gavin Newsom, a Democrat, has signaled his assist.

Rod Colwell, CEO of Managed Thermal Assets (CTR) Ltd, which has contracts to provide lithium to GM by 2024 and Stellantis by 2025, mentioned the tax would drive the corporate to overlook these supply deadlines.

“Simply the mere idea of one of these tax is having a chilling impact on improvement,” Colwell advised Reuters.

CTR plans to provide 60,000 tonnes of lithium – sufficient to make roughly 6 million EVs – by mid-2024 in California, which might make it the biggest U.S. lithium producer. These plans are actually in jeopardy, Colwell mentioned.

CTR acquired $4.5 million in grants from California in 2020 for lithium analysis.

Advertisement

GM declined to remark and Stellantis couldn’t instantly be reached.

‘GOOD FOR EVERYBODY’

BHE Renewables, a division of Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) that has acquired $15 million in federal authorities analysis funding, mentioned it doesn’t oppose the proposed flat-rate lithium tax.

“We acknowledge the chance a lithium tax gives for the area people, and {that a} balanced end result will guarantee California-sourced lithium can compete on the earth market,” BHE spokesperson Dan Winters mentioned.

U.S. Power Secretary Jennifer Granholm has praised the Salton Sea’s nascent lithium business as a result of it might deploy a geothermal brine course of that’s extra environmentally pleasant than open-pit mines and brine evaporation ponds, the 2 most typical present strategies to provide lithium.

The Power Division didn’t reply to requests for remark.

Advertisement

California officers say the tax is required to assist restore the Salton Sea area, which is without doubt one of the poorest areas of the state and was closely broken within the twentieth century by years of heavy pesticide use from farming. Additionally they mentioned a flat tax would make it simpler for the state to forecast income.

The proposal would impose a tax of $400 per tonne for the primary 20,000 tonnes of lithium produced yearly, $600 per tonne for the following 10,000 tonnes, and $800 per tonne with output of 30,000 tonnes or extra.

“This framework is sweet for everyone, together with each the neighborhood and business – prioritizing fairness and innovation to assist California energy the complete world’s transition to wash power,” Newsom spokesperson Alex Stack mentioned.

California Assemblymember Eduardo Garcia, whose district consists of the Salton Sea area, mentioned a flat tax can be extra acceptable. “We imagine the individuals dwelling in and round these communities should see a direct profit from lithium manufacturing.”

Lithium business executives say they assist mitigation efforts, however want a levy of two% or much less of their gross sales as a result of they really feel a flat tax might be economically ruinous when costs for the steel drop sooner or later.

Advertisement

Most automakers pay a negotiated value for lithium that may fluctuate significantly from spot costs, that are buying and selling this month close to $77,500 per tonne however as lately as 2020 had been buying and selling close to $6,750, in keeping with information from Fastmarkets.

Mining executives mentioned extracting lithium from the area is already a pricey enterprise on account of excessive concentrations of impurities in geothermal brines, and so they could contemplate shifting to different states with massive deposits of lithium-rich brines, together with Utah and Arkansas.

“If this passes, we’ll struggle it or we’ll go away,” Colwell mentioned.

Register now for FREE limitless entry to Reuters.com

Reporting by Ernest Scheyder in Phoenix
Enhancing by Ben Klayman and Matthew Lewis

Our Requirements: The Thomson Reuters Belief Ideas.



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

California

University of California-Berkeley grads disrupt commencement with anti-Israel protests

Published

on

University of California-Berkeley grads disrupt commencement with anti-Israel protests


Join Fox News for access to this content

You have reached your maximum number of articles. Log in or create an account FREE of charge to continue reading.

Please enter a valid email address.

By entering your email and pushing continue, you are agreeing to Fox News’ Terms of Use and Privacy Policy, which includes our Notice of Financial Incentive. To access the content, check your email and follow the instructions provided.

Having trouble? Click here.

The commencement ceremony held by University of California, Berkeley was interrupted by hundreds of anti-Israel protesters on Saturday morning.

Advertisement

Most of the protesters were graduating students, wearing caps and gowns. Pictures show hundreds of students wearing keffiyehs, waving Palestinian flags and holding signage denouncing the Israeli government.

The interruptions follow weeks of unrest at U.S. universities over the Israel-Hamas war, leading to thousands of students protesting in opposition to Israel.

“Viva viva Palestina,” another group was heard chanting during a speech on Saturday. Some sections were completely full of protesters, while others were more scattered.

ARIZONA STATE PLACES POLICE CHIEF ON LEAVE AMID COMPLAINTS OF ALLEGED ACTIONS DURING ANTI-ISRAEL PROTEST

Pro-Palestinian students chants in protest during the UC Berkeley commencement ceremony in Berkeley, Calif., Saturday, May 11, 2024.  (Getty Images)

Advertisement

Protesters were also heard yelling the controversial chant, “Palestine will be free / From the river to the sea.” The phrase has been widely deemed antisemitic and even caused U.S. members of congress to pass a resolution condemning the use of the chant.

A video posted to social media showed a group of students holding up Palestinian flags and clapping while shouting, “End, end, the occupation.” One section was seen holding a giant Israeli flag as a counter-protest.

UC Berkeley told Fox News Digital that there were no violent incidents or arrests at the ceremony.

“The protesters left the stadium voluntarily. There was no violence. No one was arrested. The ceremony proceeded as planned,” a university spokesperson explained.

“UC Berkeley strives to celebrate the achievements of our graduates in a safe and respectful environment. While today’s commencement was, at times, unfortunately disrupted, it did not prevent us from honoring the hard work and accomplishments of our students,” the spokesperson added.

Advertisement

Speeches went on despite disruptions continuing, but speakers occasionally acknowledged the rowdy sections. Sydney Roberts, president of the Associated Students of the University of California, was interrupted during her speech but continued on after the brief disruption.

COMER CANCELS DC ANTISEMITISM HEARING AFTER BOWSER, POLICE ‘FINALLY DISMANTLE GWU ENCAMPMENT

“This wouldn’t be Berkeley without a protest,” she said, according to the San Francisco Chronicle.

Grads holding giant Israeli flag

Attendees hold a flag of Israel in counter-protest as Pro-Palestinian students protest during the UC Berkeley commencement ceremony in Berkeley, Calif., Saturday, May 11, 2024.  (Photo by Stephen Lam/San Francisco Chronicle via Getty Images)

The Chronicle also reported that UC Berkeley Chancellor Carol Christ commended the anti-Israel protesters.

“They feel passionately about the brutality and the violence in Gaza, tens of thousands of Palestinians killed and the destruction of educational institutions,” she reportedly said of the students’ weeks-long encampment.

Advertisement

Before the protests erupted at the commencement ceremony, graduating students told FOX 2 in San Francisco that they felt accustomed to protests and did not expect any to get out of hand.

“I know the media might be talking about these protests happening and that it’s disrupting life, but that’s one part of it,” student Kathan Saah told FOX 2. “Life goes on normally, and we try to accommodate the protesters and listen to them.”

“But as long as things don’t get out of hand, it’s fine. We haven’t seen that happen here so it’s been a pretty peaceful situation overall.”

Student holding shirts that read DIVEST

Student graduates hold white t-shirts stating the message, “divest,” as they protest during the UC Berkeley graduation held at California Memorial Stadium following weeks of pro-Palestinian protests in Berkeley, Calif. on Saturday, May 11, 2024. (Photo by Yalonda M. James/San Francisco Chronicle via Getty Images)

Another student speculated that the commencement would attract protesters, but predicted it would be tame.

CLICK HERE TO GET THE FOX NEWS APP

Advertisement

“If something happened at graduation, I don’t think it would be violent,” Reece Murphy said to FOX 2. “It would happen in a manner that is perfectly appropriate, and if someone feels strongly enough to express themselves during their graduation, they should be heard.”



Source link

Continue Reading

California

California residents successfully BAN Airbnbs in their quaint neighborhood after complaining about round-the-clock drug-fueled parties in rented homes where one person was shot

Published

on

California residents successfully BAN Airbnbs in their quaint neighborhood after complaining about round-the-clock drug-fueled parties in rented homes where one person was shot


Outraged California residents successfully petitioned to ban short term rentals in their neighborhood after reaching the breaking point with partying neighbors.

Andy Oliver, 50, formed a coalition to end un-hosted rentals in his Long Beach neighborhood when a shooting victim staying at a rental next door crawled into his home seeking shelter on January 2.

He launched the Long Beach Neighborhood Coalition and began petitioning in his census block group to restrict un-hosted short-term rentals in the College Estates section of their neighborhood.

Members of the group spoke at a city council meeting in April, where officials voted to start looking at increasing restrictions on short-term rentals.

Advertisement

‘Imagine that you buy your dream home and then all of a sudden, your next-door neighbor turns his house into an Airbnb. You spend over a year putting up with loud parties, marijuana smoke wafting into your vents, film shoots, hourly rentals, strangers coming in and out all the time and many other issues,’ Oliver said.

Andy Oliver (pictured), 50, formed a coalition to ended un-hosted rentals in his Long Beach neighborhood when a shooting victim staying at a rental next door crawled into his home

Outraged California residents successfully petitioned to ban short term rentals in their neighborhood

Outraged California residents successfully petitioned to ban short term rentals in their neighborhood

Airbnb rentals in the quaint neighborhood of College Estates range from $179 to $433 per night. Pictured: a $433 per night rental in the College Estates neighborhood

Airbnb rentals in the quaint neighborhood of College Estates range from $179 to $433 per night. Pictured: a $433 per night rental in the College Estates neighborhood

‘Then on a sunny Tuesday morning with children playing outside, a 21-year-old renter who is targeted from this Airbnb is chased by a masked gunman and shot right in your front porch.’

‘The victim jumps your fence, tries to bust in your house seeking protection, spilling his blood all over your property. Your house is turned into a crime scene, you miss work, families are forever traumatized and then new renters come in that very same night,’ said Oliver.

Melissa Rakiey said renters staying at her neighbor’s Airbnb often block her driveway and threaten residents.

‘On March 16, customers of the short term rental hosted a birthday party which escalated and resulted in the Long Beach PD breaking up a party of 52 people in a three bedroom house,’ Rakiey said.

Advertisement

‘The Airbnb brought into my neighborhood a large group of hoodlums, flushed them into the streets with open containers, smoking weed and racing cars.’

Melissa Rakiey (pictured) said renters staying at her neighbor's Airbnb often block her driveway and threaten residents

Melissa Rakiey (pictured) said renters staying at her neighbor’s Airbnb often block her driveway and threaten residents

On Friday, Oliver was informed his petition had passed. According to the Long Beach Community Development Department of the 735 petitions delivered, 375 came back signed, meaning it passed with 51 percent support. 

‘I don’t have the final count, but there are something like 755 homes, and we just got enough signatures,’ Oliver told the Los Angeles Times.

‘I heard it was close and I don’t have confirmation of the final vote, but I was informed [last week] that we succeeded.’ 

‘There were two previous petition drives that failed, so I wasn’t sure if we would have success,’ he said. 

Advertisement

Now there are eight other census tract block groups with pending petitions to ban un-hosted short-term rentals through out Long Beach. 

Long Beach banned un-hosted short-term rentals in 2020, but loosened restrictions to allow people to use their second properties as Airbnbs. Pictured: College Estates Neighborhood

Long Beach banned un-hosted short-term rentals in 2020, but loosened restrictions to allow people to use their second properties as Airbnbs. Pictured: College Estates Neighborhood

According to the Community Development Department there are 626 non-primary short-term rentals registered in the city. Pictured: a $350 per night rental on the border of the College Estates neighborhood

According to the Community Development Department there are 626 non-primary short-term rentals registered in the city. Pictured: a $350 per night rental on the border of the College Estates neighborhood

Airbnb rentals in the quaint neighborhood of College Estates range from $179 to $433 per night.

Long Beach banned un-hosted short-term rentals in 2020, but loosened restrictions to allow people to use their second properties as Airbnbs.

According to the Community Development Department there are 626 non-primary short-term rentals registered in the city.

Jean Young, 67, is one of those short-term rental owners who told the LA Times she understands the backlash from the shooting at Oliver’s home but would be sad to lose the ability to earn money from her rental.

Advertisement

‘I’m a part-time writer, and the income from rentals just smooths out the rough edges and has been wonderful,’ she said.

‘My son has since moved on to college and my mother passed away, so there’s all this room in my house to share. It would be sad to lose that ability.’ 



Source link

Continue Reading

California

California to use generative AI to improve services, cut traffic jams

Published

on

California to use generative AI to improve services, cut traffic jams


California could soon deploy generative artificial intelligence tools to help reduce traffic jams, make roads safer and provide tax guidance, among other things, under new agreements announced Thursday as part of Governor Gavin Newsom’s efforts to harness the power of new technologies for public services.

The state is partnering with five companies to create generative AI tools using technologies developed by tech giants such as Microsoft-backed OpenAI and Google- and Amazon-backed Anthropic that would ultimately help the state provide better services to the public, administration officials said.

“It is a very good sign that a lot of these companies are putting their focus on using GenAI for governmental service delivery,” said Amy Tong, secretary of government operations for California.

Advertisement

The companies will start a six-month internal trial in which state workers test and evaluate the tools. The companies will be paid $1 for their proposals. The state, which faces a significant budget deficit, can then reassess whether any tools could be fully implemented under new contracts. All the tools are considered low risk, meaning they don’t interact with confidential data or personal information, an administration spokesperson said.

Newsom, a Democrat, touts California as a global hub for AI technology, noting 35 of the world’s top 50 AI companies are located in the state. He signed an executive order last year requiring the state to start exploring responsible ways to incorporate generative AI by this summer, with a goal of positioning California as an AI leader.

FILE – California Gov. Gavin Newsom speaks in Larkspur, Calif., April 16, 2024. California could soon deploy AI tools to help solve problems, under agreements announced May 9, 2024, as part of Newsom’s efforts to harness technologies for public services.

In January, the state started asking technology companies to come up with generative AI tools for public services. Last month, California was one of the first states to roll out guidelines on when and how state agencies could buy such tools.

Generative AI, a branch of AI that can create new content such as text, audio and photos, has significant potential to help government agencies become more efficient, but there’s also an urgent need for safeguards to limit risks, state officials and experts said. In New York City, an AI-powered chatbot created by the city to help small businesses was found to dole out false guidance and advise companies to violate the law. The rapidly growing technology has also raised concerns about job losses, misinformation, privacy and automation bias.

While state governments are struggling to regulate AI in the private sector, many are exploring how public agencies can leverage the powerful technology for public good. California’s approach, which also requires companies to disclose what large language models they use to develop AI tools, is meant to build public trust, officials said.

Advertisement

The state’s testing of the tools and collecting of feedback from state workers are some of the best practices to limit potential risks, said Meredith Lee, chief technical adviser for the University of California-Berkeley’s College of Computing, Data Science and Society. The challenge is determining how to assure continued testing and learning about the tools’ potential risks after deployment.

“This is not something where you just work on testing for some small amount of time and that’s it,” Lee said. “Putting in the structures for people to be able to revisit and better understand the deployments further down the line is really crucial.”

The California Department of Transportation is looking for tools that would analyze traffic data and come up with solutions to reduce highway traffic and make roads safer. The state’s Department of Tax and Fee Administration, which administers more than 40 programs, wants an AI tool to help its call center cut wait times and call length. The state is also seeking technologies to provide non-English speakers information about health and social services benefits in their languages and to streamline the inspection process for health care facilities.

The tools are to be designed to assist state workers, not replace them, said Nick Maduros, director of the Department of Tax and Fee Administration.

Call center workers there took more than 660,000 calls last year. The state envisions the AI technology listening along to those calls and pulling up specific tax code information associated with the problems callers describe. Workers could decide whether to use the information.

Advertisement

Currently, call center workers have to simultaneously listen to the call and manually look up the code, Maduros said.

“If it turns out it doesn’t serve the public better, then we’re out $1,” Maduros said. “And I think that’s a pretty good deal for the citizens of California.”

Tong wouldn’t say when a successfully vetted tool would be deployed, but added that the state was moving as fast as it can.

“The whole essence of using GenAI is it doesn’t take years,” Tong said. “GenAI doesn’t wait for you.”



Source link

Advertisement
Continue Reading
Advertisement

Trending