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...While at Macquarie O’Kane turned the Australian bank into an energy trading power house....
...The three trading houses have been among the greatest beneficiaries of the huge disruption in energy markets since Russia’s invasion of Ukraine two years ago, earning a combined $46bn in profits in 2022...
...One consequence has been a gradual “changing of the guard” with some of the trading houses using record profits to buy out wealthy executives and bring in others, Perkins said....
...“It has a critical role in bringing us closer to a safe and sustainable future.”...
...Our house has a lot of stairs, the kids are getting heavy, and picking up toys is a little bit like a burpee — I do an awful lot of that....
...While at Macquarie, O’Kane turned the Australian bank into an energy trading power house and had been tipped as a possible next chief executive....
...The departures follow a period of record performance for the privately held trading house, which made profits of $7.4bn in 2023 and agreed a record dividend of $5.9bn for its 1,200 employees who own the...
...“I think in Murray we’ve got a safe pair of hands,” said one top 10 shareholder....
...The departures follow a period of record performance for the privately held trading house, which made profits of $7.4bn in 2023 and agreed a record dividend of $5.9bn for its 1,200 employee-shareholders....
...The year Trafigura founder Claude Dauphin picked Jeremy Weir as his successor, the commodities trading house was still paying bribes to Brazilian officials for oil contracts....
...Other lower-carbon energy products, such as hydrogen and biofuels, depend on gas or power or other commodities for their production or transportation creating new cross-commodity opportunities for trading houses...
...The only gas emitted is helium, the isotopes can be sourced in large quantities, and a small cup of the fuel has the potential to power a house for hundreds of years....
...The reaction creates no long-lived radioactive waste, the isotopes can be sourced in large quantities, and a small cup of the fuel has the potential to power a house for hundreds of years....
...Christophe Salmon, the outgoing finance chief of Trafigura, said the industry had now evolved from the days in which trading houses needed to find cash to pay out their major shareholders when they retired...
...The legislation declares the African nation to be a safe country for asylum seekers after the Supreme Court last year ruled the government’s policy was unlawful....
...We’re getting that coming in from falling house prices, low investment in real estate....
...J Wilson Carswell London W12, UK...
...European market structure is complex, especially compared with the US, which has few listing venues and one clearing house through which trades are finalised....
...Scientists estimate that just a small cup of the hydrogen fuel required could theoretically power a house for more than 800 years....
...tom.wilson@ft.com...
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu, Tom Wilson and David Sheppard, with support from the FT’s global team of reporters....
...Peers in the House of Lords have dealt a setback to Rishi Sunak’s plan to send asylum seekers to Rwanda by voting to compel the UK government to back up its claim that the African nation is safe before ratification...
...The bill is a response to a Supreme Court ruling that Rwanda is not a safe destination for asylum seekers. This is a good example of the relationship between the Lords and the Commons....
...The legislation, which declares Rwanda to be a safe country for asylum seekers despite a Supreme Court ruling that found otherwise last year, now returns to the House of Lords for the third time in a process...
...Although the Rwanda bill is expected to face significant ongoing opposition in the Lords, it is likely to complete its parliamentary passage in the House of Commons in late March....
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