Tag Archives: Water & Related Utilities (NEC) (TRBC level 5)

FACTBOX-EU is unlikely to face a Facebook news ban after Australia | Instant News


BRUSSELS, February 19 (Reuters) – Facebook has blocked people in Australia from accessing and sharing news content in a dispute with the government requiring it to share news revenue.

Jurisdictions around the world have enacted rules requiring Google, Facebook and others to share revenue with publishers, including a 2019 directive from Brussels which EU countries will enact into law in June.

So, is the EU likely to face a Facebook news ban similar to the one imposed in Australia? Not. Here are a few reasons:

EU COPYRIGHT RULES

Approved in 2019 to help Europe’s creative industry earn a fair share of revenue, EU copyright rules require Google and other online platforms to sign licensing agreements with musicians, artists, writers, news publishers and journalists to use their work.

The rules do not force online platforms to pay for links posted by publishers to their news sites, Facebook’s main complaint with the Australian government.

In France, which is one of the first EU countries to implement the new rules, news publishers have reached an agreement with Google which, according to the European Commission, the EU executive, is a clear sign that copyright rules are effective in leveling the playing field. .

The so-called Media Bargaining Code is based on Australia’s competition law, which underlines a tougher approach than the EU.

FACEBOOK NEWS

Facebook sought to relieve pressure from news publishers last month by launching Facebook News in the UK and listing new partners Channel 4 News, Daily Mail Group, DC Thomson, Financial Times, Sky News and Telegraph Media Group above other news outlets.

Now they are looking for French and German media companies before launching services in the two countries.

EUROPEAN MEDIA GROUP

European media groups, part of the driving force behind EU copyright rules, do not have the same influence and geographic scope as News Corp, which struck a global deal with Google on Wednesday.

Large companies such as Germany’s Bertelsmann and French group Vivendi dominate their national markets due to language and cultural differences across the block. (Reporting by Foo Yun Chee, editing by Timothy Heritage)

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Italy’s A2A spends 16 billion euros in green drives | Instant News


MILANO (Reuters) – Italy’s largest regional utility company, A2A, will spend 16 billion euros ($ 19.45 billion) between now and 2030 to reduce its carbon footprint and grow its waste and water business.

Under its new 10-year plan, the Milan-based utility said it aims to cut its carbon emissions by 47% from 2017 levels and to double its renewable capacity to 5.7 gigawatts through more than 4 billion euros of investment and acquisitions.

The group, which has about 970 megawatts of coal capacity, said it aims to phase out coal-fired power plants by 2022, ahead of the national target set for 2025.

It will spend 6 billion euros on waste management and water businesses and aims to become a significant European player.

“This is a solid foundation that will allow us to create a strategic infrastructure, innovative and essential for the country’s growth and relaunch, to be ambitious and looking to Europe,” said A2A CEO Renato Mazzoncini.

At 1005 GMT A2A the share was up more than 4%.

Utilities across Europe are investing in renewable energy and grids as governments seek to power economies to meet climate targets.

A2A, which is controlled by the cities of Milan and Brescia, said it would double its core revenue to 2.5 billion euros by the end of the plan from 1.18 billion euros expected for 2020. Net income will grow by more than 8% annually.

The growing margins will allow it to increase its dividend for 2020 to at least 8 euro cents and at least 8.2 euro cents for 2021, he said.

The utility company, which plans to create 6,000 new jobs during the plan period, said that after 2022, dividends will grow at least 3% per year.

“… the targets for the next 3 years are quite in line with consensus, while the company expects a very aggressive growth assumption beyond … There is a tremendous increase in the projected total capital spending,” Mediobanca Securities said.

Reporting by Giancarlo Navach, written by Stephen Jewkes, editing by Giulia Segreti and Barbara Lewis

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