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Richard Littlemore | December 19, 2009
By Richard Littlemore • Saturday, December 19, 2009 - 04:08
COPENHAGEN - There is, finally, a Copenhagen Accord - a deal that is so unfair, so unambitious and so devoid of commitment that the countries of the world could agree only to "take note" of its existence. There was no hope whatever that everyone would actually "approve."
As reported through the night, U.S. President Barack Obama announced a modestly celebrated accord late last evening, taking fulsome credit for having saved the day in a private negotiation with China, India, Brazil an South Africa - what Bill McKibben later described as "a league of super-polluters."
But this back-room resolution - greeted with resignation rather than delight - was not destined to survive the night.
Lumumba Di-Aping, chief negotiator for the G77 group of 130 developing countries, snarled: "This deal will definitely result in massive devastation in Africa and small island states. It has the lowest level of ambition you can imagine. It's nothing short of climate change scepticism in action.
"It locks countries into a cycle of poverty for ever. Obama has eliminated any difference between him and Bush."
With Obama and his personal press corps safe on a plane back to an East Coast snow storm, the deal collapsed, leaving United Nations Secretary General Ban Ki Moon to spend the night begging, brokering and arm-twisting until, around 10:30 a.m. Central European time, the 193 assembled countries in the 15th Conference of the Parties to the United Nations Framework Convention on Climate Change agreed: "That COP15 takes note of the Copenhagen Accord."
"Takes note." They've heard about it. They've seen a draft. They understand that it happened while they were in the same, sprawling building.
If you ask, "What the hell does that mean?" Secretary-General Ban will tell you (as he told a hastily called press conference) that it's a good thing, that it's "an essential first step." And German Chancellor Angela Merkel said in the night, even before the final "taking note," that this very small step was better than nothing.
As for a way forward, Robert C. Orr, Assistant Secretary-General for Policy Coordination and Strategic Planning, told the news conference that the UNFCCC will now try to design a process through which countries "can associate themselves with the agreement." Not sign it, necessarily. Certainly not be bound by its vacuous contents, but presumably take note in a slightly more formal way.
None of this is being warmly received in the activist community. Kim Carstensen, Leader of
WWF's Global Climate Initiative, said, "What we have after two years of negotiation is a half-baked text of
unclear substance. With the possible exceptions of US legislation and the beginnings of financial flows, none of the political obstacles to effective climate action have been solved."
And did we mention that the U.S. legislation has not actually passed - and isn't likely to in its current form, if at all.
More quotable than Carstensen was Guardian columnist George Monbiot who, thanks to the stunning chaos that has marked the last several days of this conference, was never even allowed through the door. He described the process like this:
"First they put the planet in square brackets, now they have deleted it from the text. At the end it was no longer about saving the biosphere: it was just a matter of saving face. As the talks melted down, everything that might have made a new treaty worthwhile was scratched out. Any deal would do, as long as the negotiators could pretend they have achieved something. A clearer and less destructive treaty than the text that emerged would be a sheaf of blank paper, which every negotiating party solemnly sits down to sign."
There are, potentially, some glimmers of hope. The countries have committed to providing $30 billion over the next three years in financing to help the developing world reduce or contain emissions. Two-thirds of that money is already committed and, if any of this can be taken seriously, the U.S. is on record as saying that it will be a willing party to expanding that spending to $100 billion a year by 2020. It's a start.
But "Hopenhagen" was supposed to be a finish - a triumphant culmination of a process that began in Rio de Janeiro in 1992, that took formal shape in Kyoto in 1997, that redoubled its energy in Bali in 2007 and that, this year, was to result in a fair, ambitious and binding agreement for all the world's countries to lower their emissions.
Against that shattered expectation, close to 100,000 politicians, bureaucrats, negotiators, business lobbyists and climate activists will leave this city in the next 24 hours, most of them deeply disappointed. The largest component of that crowd was the last, the enironmentalists who came to Copenhagen to show their support for a solid deal. For their trouble, and their enthusiasm, they were banned from the building for the critical last three days.
So, as the UN might say: Take note. It's an El Nino year. Expect temperatures - and tempers - to rise. Expect political leaders the world over the learn - the hard way - that the optimsitic notion that is "Copenhagen" is not over.
Phlogiston replied on Permalink
A Lucky Escape
Glad you think it is bad deal.
So do I, but for diametrically opposed reasons.
That there was even a conference to discuss this lunacy, never mind a "committment" to pay third World kleptocracies $billions, for non-existent climate "damage", is one of history's more surreal monents.
Excellent comment, Phlogiston
Amabo concurs wholeheartedly.
John Lefebvre replied on Permalink
"Failure" of COP15 could be a win-win; win for you, me and world
As I commented yesterday at another DeSmogBlog posting, may I repeat: "Why not view this wishy-washy outcome at Copenhagen 2009, not as a defeat, but as an opportunity to see whether or not (1) CO2 concentrations really will continue to increase (2) the Earth really will get warmer (3) sea levels really will rise, and whether or not all other calamitous predictions, such as those made by Al Gore, and others of his ilk, will come to pass. Take the apparent failure of negotiations at Copenhagen as a golden opportunity to really do some good, unbiased science, without "cooking the books"."
Besides, COP15 "failure" might just turn out to be a win for the world. For starters is it not a good thing that crooked leaders of suspect regimes, like those of Hugo Chavez's, and of Mugabe's, will be deprived of "Carbon offset", or of "re-distribution of wealth", dollars and Euros, from the more developed countries just a little longer? As one who was born in Eastern Europe, but who escaped to the West just before the Iron Curtain settled along what became the western borders of the Soviet Union, I know, first-hand, that worldwide socialism is NOT good for anyone, and really, in case you have not yet noticed, GW or AGW, and vilification of CO2 has become a vehicle used by socialists to redistribute wealth! So, so-called "failure" of COP15 has given all of us some "breathing room" – a little more time – to wise-up and to see what the "global warming" struggle is really about… to give leaders of democratic governments, and their citizens a little more time to wise up.
JR Wakefield replied on Permalink
The warmers just do not get it
There is no way any of these countries are going to risk their economies on this nonsense. This "deal" was already decided long before they met at Copenhagen. All we saw there was a performance for the faithful. Obama should get another award, an Oscar for his performance at fooling the faithful.
canadaguy replied on Permalink
Beyond Copenhagen
Copenhagen has failed. The UN has failed to address the most important crisis in human history. This is now the time for sanctions, boycotts and embargoes. A new alliance is needed. An alliance of hope and peace and justice must be built to oppose the axis of pollution, extinction and self destruction. http://www.selfdestructivebastards.com/2009/12/beyond-copenhagen.html
JR Wakefield replied on Permalink
Copenhagen has failed.
"The UN has failed to address the most important crisis in human history."
You mean "The UN has failed to address the BIGGEST FRAUD in human history."
Real governments have, that's why COP15 was all smoke and mirrors.
It IS a Meaningful Deal
Shame on you Richard. Such little faith. The deal is "meaningful". It is the word of The One. In The One we trust, no?
Phlogiston replied on Permalink
A heap of streaming....
Which is exactly what COP-15 and the theory of AGW is.
As explained by Jeff Id over at "The Air Vent"
The disconnect between the gaseous halations of various grandstanding "world leaders" about the supposedly urgent need to "Save The Planet Now" and the puny outcome of the Copenhagen Non-Event is dazzling. And it is welcome.
For all the rhetoric – or the flatulence that passes for rhetoric these days – it has begun to dawn on the "leaders" of those nations that subject them to regular recall and re-election that the people no longer believe the mad scientists are telling them the truth. And the people are right.
What is more, after the failure of the mainstream news media to report what the malevolent and unpleasant scientists involved in the Climategate affair had written to one another about those with whom they disagreed, or about what they had done to invent, fabricate, contrive, fiddle, tweak, alter, massage, conceal, hide or even destroy scientific data for the sake of protecting and peddling the pseudo-science in which environment correspondents had so readily and so ignorantly believed, the people no longer trust the media.
And that is bad news for a governing class that has come to develop a far-too-cosy relationship with the mainstream media. It is also very bad news for the mainstream media themselves, which are now rapidly losing circulation and ad revenue as the people rightly desert them for the Internet, where – notwithstanding various expensive attempts by the over-funded international Left to interfere with Google and Yahoo searches – the truth is still available if you know where to look.
Copenhagen was the last-chance saloon not for the planet, which does not need saving, but for the UN's world-government wannabes. They blew it, big-time, by believing their own overspun propaganda about planetary peril and thinking they had "world leaders" where they wanted them. They overreached themselves, and have paid the price.
Even though next year is an el Nino year accompanied by fast-recovering solar activity, 2010 may not, after all, set a new global-temperature record to overtop that which was set in 1998, the year of the Great el Nino. By the time the next yackfest takes place in Mexico City in December 2010, the steam will have gone out of the "global warming" scare. We should not let our guard down, but Copenhagen is more than the end of the beginning for Green fascism: it is the beginning of the end. The eco-Nazis' attempt at global bureaucratic coup d'etat has failed, and no such attempt is likely to succeed again. Too many of you are watching.
Johnhayte replied on Permalink
if bloggers say AGW science is dead a million times . . .
Then it must be true.
"notwithstanding various expensive attempts by the over-funded international Left to interfere with Google and Yahoo searches"
And here I was thinking I had read every extreme-right tin-foil-hat talking-point. I will have to add this one to the list. Those fiendish Watermelons! Is there anything they don't have their grubby fingers in!
McCarthyism is alive and well.
OttawaCon replied on Permalink
Is the UNFCCC process over?
I think questions will now circle about what the value of the UN process is - a large part of the blame (not all) for the catastrophic failure at Copenhagen must fall on the basic fact that the majority of the votes (the developing bloc) are asked to deliver nothing and yet can obstruct a meaningful abatement deal with their demands. Losing days of negotiation time to parties that insist as a point of principle that they bring nothing to the table is now an unaffordable luxury. It is hard enough to structure a treaty that includes the raw self interest of the big emitters.
The UN may well be an
The UN may well be an inappropriate forum to deal with this issue. Each summit simply turns into a bigger circus.
Giving Obama what little credit he deserves, his siting down with only the major emitters and trying to work something out may well be a more productive venue. No need to listen to the likes of Chavez or Mugabe.
Phlogiston replied on Permalink
This sums up Copenhagen nicely
Copenhagen was worth it, after all – if only for the sphincter-bursting rage its supposed failure has caused among our libtard watermelon chums. (That's watermelon, as in: green on the outside, red on the inside).
As Damian reports, on Twitter they're all planning to cleanse Mother Gaia of their polluting presence Jonestown-style.
The Great Moonbat is sounding more unhinged than ever:
Goodbye Africa, goodbye south Asia; goodbye glaciers and sea ice, coral reefs and rainforest. It was nice knowing you. Not that we really cared. The governments which moved so swiftly to save the banks have bickered and filibustered while the biosphere burns.
And Polly Toynbee is blaming the whole fiasco on false consciousness.
Most leaders in Copenhagen were out ahead of their people. Most understand the crisis better than those they represent, promising more sacrifice than their citizens are yet ready to accept – while no doubt praying for some miraculous technological escape. Sometimes we're inclined to dismiss Polly as a loveable comedy figure, what with her lovely house in Tuscany contrasting so amusingly with her prolier-than-thou politics, and the never ending japesomeness of her deft, lighter-than-air prose.
But you know what? When she reveals her true colours, as she does here, I think she's really, really scary. Her whole article teeters on the brink of demanding an eco-fascist world government to save us all from ourselves. http://blogs.telegraph.co.uk/news/jamesdelingpole/100020337/copenhagen-the-sweet-sound-of-exploding-watermelons/
Gilles Fecteau replied on Permalink
more smoke from climate deniers
I see the climate deniers are out in force cheering on the failure of the world leader from saving the planet.
I can't believe the amount of garbage from these people.
Unfortunately, no action will take place as long as the denial machine continues to be well funded. Look how long it took for people to believe smoking is bad for you (some are still denying it).
Our only hope is for some catastrophic phenomena to turn the North American opinion around. Considering that Katrina didn't do it, what is required? Unfortunately, by the time the develop countries turn around, it will be too late to save many poor countries. Develop countries will have the resource to survive the world population collapse and protect themselves from any resulting war. How sad.
Who funds the "deniers"?
Yes, who does fund the so-called "deniers". To date, I've done this for free as a public service, and I suppose to agitate and make some CO2- bashing socialists hot under the collar, now and then. But really, if you know of any person, corporation or organization which would pay me for doing this, let me know. That would be a wonderful Christmas bonus!
You haven't read much here,
You haven't read much here, have you.
Antocalypse replied on Permalink
Try these:
Fraser Institute, American Enterprise Institute, Marshall Institute, Competitive Enterprise Institute, Chamber of Commerce, Heartland Institute, just for starters. They all love your brand of "public service". Good luck. "Hope" you'll still have time to come back and visit when you're an official lackey.
p.s. No need to suppose, you definitely agitate.
JR Wakefield replied on Permalink
Considering that Katrina didn't do it, what is required?
Are you saying that Katrina was because of AGW? How do you know that?
canadaguy replied on Permalink
Sigh, isn't this understood
Sigh, isn't this understood already? No single weather event can be blamed on global warming. But the increase in the frequency and severity of these events can be. Clear enough?
CamMacKay replied on Permalink
Canada Guy
That is at least defensible, unfortunately the rest of the AGW religion do not follow you tenets and are willing to dishonestly link any natural event to global warming. As a result they lose credibility.
A serious blow against the AGW movement now is that natural disaster are at a 30 year low. How can that be if global warming is creating ever hotter years? Obviously we don't know everything their is to know about the planet.
RickJames replied on Permalink
there has been a DECREASE in
there has been a DECREASE in frequency and severity.
Just because you expect storm intensification doesn't make it a fact. Back up on that.
canadaguy replied on Permalink
This is over decades, not
This is over decades, not individual years. No one can predict storms from year to year, despite what you might see on the Weather Channel. Weather and climate are separate things.
If you want data on increases over the long term see here: http://www.pewclimate.org/hurricanes.cfm#freq
RickJames replied on Permalink
We keep track of open ocean
We keep track of open ocean storms a lot better than we did 100 years ago. Thats the thing with modern climate record keeping. It's new.
canadaguy replied on Permalink
I actually have to agree with
I actually have to agree with you. Climate modelling on storms is *hard*. We've only had satellite data for 2 or 3 decades at best. This stuff is hard to predict, and there's a lot we just don't know right now.
This is important to recognize. Science doesn't have all the answers, there are many things we don't know. We know much more than we did 100 years ago, or 20, or 10, but it's an ongoing process. None of this disproves global warming, it just means predictions about specific events are hard. Things like feedback cycles can throw predictions off. This is why predictions from just a couple years ago now seem conservative. Glaciers are melting a lot faster than scientists predicted.
We know global warming is going to raise global temperatures, cause extinctions and wreak general havoc with weather patterns around the world. We know some of the specifics, other we are just learning about, and others are an open question. It's important not to present science as being all knowing. This is why, by the way, science is not a religion. It's about evidence, and we change our theories and models as new data comes in.
If anything, this should tell us we need to invest more money and resources into science so we can better prepare (and better prevent.) The last thing we want is to be caught by surprise by a major secondary impact no one predicted.
JR Wakefield replied on Permalink
there's a lot we just don't know right now.
Yet you claimed increase in frequences of storms (which is not happening) can be connected to AGW.
"None of this disproves global warming, it just means predictions about specific events are hard. "
Flawed logic. You do cannot disprove a theory, you have to prove it. However, if as you claimed more frequent and more violent storms is PREDICTED by the theory and that proves NOT to be the case, what does that mean for the theory?
"Glaciers are melting a lot faster than scientists predicted." That just proves these guys didn't understand what's going on. That DOES NOT mean anything unusual is happening.
"We know global warming is going to raise global temperatures, cause extinctions and wreak general havoc with weather patterns around the world. "
How do you KNOW this? You some kind of god? No, you do not know this at all. This is just speculative predictions. That's all. You claim that evidence is what counts, then what evidence is there that a warmer climate is going to product these things you "know" about?
Gilles Fecteau replied on Permalink
Not some kind of god.
JR, You commented:
"We know global warming is going to raise global temperatures, cause extinctions and wreak general havoc with weather patterns around the world. "
How do you KNOW this? You some kind of god? No, you do not know this at all. This is just speculative predictions. That's all. You claim that evidence is what counts, then what evidence is there that a warmer climate is going to product these things you "know" about?"
It is clear you have not researched findings of the past 5 years. From ice core sampling in Antartica to sediment analysis of the coast of Greanland and northern lakes, a clearer picture of how climate changes has emerged. It points to:
1) Rapid and sudent changes (less than 100 years)" have occurred in the past.
2) Mass extinctions generally follow such rapid changes.
3) The Earth ability to support mammal life is at its lowest when it is warmest.
Just scientific findings, nothing to do with god.
JR Wakefield replied on Permalink
Here we go with more rhetoric with no evidence.
Please provide your references to back up your claims.
"The Earth ability to support mammal life is at its lowest when it is warmest." Actually I had to laugh out loud about that one. All the major Mammalian clads evolved in a very short time frame some 55 myo when the world was as much as 8C warmer than today. So how you come to that conclusion is beyond me. But maybe you have references to back up that claim?
Oh, and "Mass extinctions generally follow such rapid changes" also means all new speciation takes place. Extinctions are actually very rare events. It's very rare that all the members of a species completely die off. Most "extinctions" are actually problems with the definsion of species. If enough members survive, and rebound changed by natural selection, then the "species" did not go extinct except taxonomically. The genetic line previals, just in a new species.
Gilles Fecteau replied on Permalink
My point was not so much that
My point was not so much that Katrina was caused by AGW. But it was known for a long time that New Orlean was exposed and that the levies could be breached. The politicians did not have the courage to address the problem, just like they don't have the courage to address GHG increases. Then when Katrina hit, they stood there arguing as to who should help while people were dying.
Let's bring President Bill Clinton in... He dropped the ball.
Yes, Clinton knew just how structurally weak and compromised the old levies were, but he chose to do almost nothing to prevent breaching of those levies by the Gulf waters during an even a moderately severe hurricane.
Gilles Fecteau replied on Permalink
Who drop the ball? Clinton or the Republicans
Really, Clinton couldn't get the Republican dominated houses to do anything about social programs. The US right has become so selfish that it's ready to destroy the planet for profit.
JR Wakefield replied on Permalink
The US right has become so selfish
Since China and India are now the biggest emitters, and they are rapidly increasing their standard of living, are they too included with the US at destroying the planet for profit? Or are you just a US hater?
RickJames replied on Permalink
If the US and Canada simply
If the US and Canada simply ceased to exist tomorrow, China and India would quickly make up our emissions within a few short years.
It's weird how China gets such a pass all the time. The fact is China's emissions will skyrocket - no matter what - for the next 50 years.
CO2 is their baby.
Gilles Fecteau replied on Permalink
If the US and Canada simply ceased to exist
Actually, if the US and Canada ceased to exist, China and India economies would collapse and their pollution would probably go down.
That is not to say we should give them a free pass. An hefty carbon tax on everything imported from them would be a good starting point.
The Big Bucks
"Unfortunately, no action will take place as long as the denial machine continues to be well funded."
If it's funding that interests you, then denying AGW is not smart. You would support it. That's where the big bucks are.
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Tricky business
SURPRISE INSIDE: Rebecca Crown (right) finds one red foam ball turned into two inside her hand while she assisted magician Cody Landstrom who helped the Gothenburg Public Library celebrate the close of the 2012 summer reading program on Thursday.
Landstrom, of Fort Collins, CO, is a third generation magician and circus performer. He is visiting 72 libraries in the Midwest this summer.

subset: commoncrawl


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The Los Angeles Dodgers plan to add a front-line starting pitcher in free agency or in a trade this offseason, and the Los Angeles Times reports the team might pursue free-agent righthander Zack Greinke.
The goal is to find a top-of-the-rotation starter to complement lefthander Clayton Kershaw in hopes of making a deep postseason run.
Greinke also is the primary focus of the Los Angeles Angels, for whom he pitched from late July through the end of the regular season after being acquired from the Milwaukee Brewers. The Texas Rangers also are expected to make a serious push to land Greinke, who could command a deal worth more than $100 million.
The newspaper notes that the Dodgers also could explore the tier of free-agent starting pitchers right below Greinke. That group includes Hiroki Kuroda, Kyle Lohse, Ryan Dempster and Anibal Sanchez. On the trade front, the Tampa Bay Rays' James Shields might be a target.
The Dodgers' rotation options currently include Kershaw, righthander Chad Billingsley (hoping to avoid offseason elbow surgery), righthanders Josh Beckett and Aaron Harang, and lefthanders Chris Capuano and Ted Lilly (recovering from shoulder surgery).


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BRENTWOOD — A woman was killed and six others, including four children and a pregnant woman, were airlifted and rushed by ambulance to East Bay hospitals Saturday morning after a packed minivan and car collided at Vasco and Marsh Creek roads, just outside of Brentwood, according to a California Highway Patrol spokesman.
The crash occurred about 9:30 a.m. when, according to witnesses, a woman in a silver Dodge Charger ran a red light while traveling west on Marsh Creek Road, said CHP Officer John Fransen. A dark blue minivan traveling south from Highway 4 onto Vasco Road broadsided the woman's car.
The Charger driver and the male driver and a pregnant passenger in the minivan were flown to John Muir Medical Center in Walnut Creek. The Charger driver, who was not the registered owner of the car, succumbed to her injuries at the hospital, Fransen said. She has not been identified.
The condition of the other two adults was unknown.
Four children who were in the back of the minivan were rushed by ambulance to Children's Hospital in Oakland, where their conditions were also unknown.
A witness said he saw one firefighter carry a small child, still buckled into his or her car seat, to a waiting ambulance.
CHP officers are working to determine if any other factors, such as drugs or alcohol, were involved, Fransen said.
A power pole in the area was damaged in the crash, and traffic lights at the intersection were down for several hours, said CHP officer James Evans.
"Failing to stop at red lights seems to be a trending problem in (Contra Costa) county, and it is something we actively enforce," Fransen said. "But, unfortunately, this accident still happened."
The CHP is asking that any additional witnesses contact its Contra Costa office at 925-646-4980.
Contact Katie Nelson at email@example.com. Follow her at Twitter.com/katienelson210. Contact Kristin J. Bender at firstname.lastname@example.com. Follow her at Twitter.com/kjbender.


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Academic Honoraries
Alpha Lambda Delta A national scholastic honorary for freshmen recognizing academic excellence. To be eligible for membership, students must have a 3.5 grade point average after the first semester or a 3.5 cumulative grade point average at the end of two semesters.
Alpha Mu Gamma A national foreign language honorary recognizing achievement in the field of foreign languages, its purpose is to stimulate a desire for linguistic attainment, to encourage an interest in the study of foreign languages, literature and civilizations, and to foster a sympathetic understanding of other peoples and international friendship.
Alpha Psi Omega A national dramatics honorary to promote a high standard of scholarship and work in drama. Students are elected on a basis of active participation in theatre production.
American Chemical Society A student affiliate chapter open to any student working toward an undergraduate degree in a chemical science or related discipline.
Beta Beta Beta A national honorary society for majors in biology. It recognizes those majors who excell academically, and in doing so, promotes excellence in the biological sciences at Mount Union.
Blue Key Honor Society A national honorary for junior and senior students which recognizes students for their accomplishments in the areas of leadership, character, scholarship and service to the College and community.
Gamma Sigma Alpha A national academic honorary fraternity and sorority that encourages, promotes and rewards members of the Greek community to excel academically. Membership is limited to junior and senior members of social fraternities and sororities with a 3.5 or above cumulative grade point average.
Kappa Delta Pi An international honor society in education. The purpose of this honor society is to promote excellence in and recognize outstanding contributions to education.
Kappa Kappa Psi A national band honorary with the purpose of promoting the existence and welfare of the College bands and cultivating at large a wholesome respect for its activities and achievements. To be eligible for an invitation for membership, students must be enrolled in one of the bands during the calendar year and have satisfactorily completed twelve hours of college classes.
Lambda Pi Eta The purpose of this association is to provide a forum of interaction between students, faculty and professionals interested in the speech/communications discipline.
Omicron Delta Epsilon An international economics honorary society with the purpose of recognizing scholastic attainment in economics and emphasizing the professional aspects of economics as a career field for service in the academic world, business, government and international organizations. Membership is open to students of junior or senior standing with an overall grade point average of 3.0 and at least three courses (12 hours) in economics with an average of 3.0, one of which must be 300-level or above.
Order of Omega A national leadership honorary recognizing outstanding junior and senior fraternity/sorority members. New members are accepted through an application and interview process during fall semester and again during spring semester. The Pi Omicron chapter of The National Order of Omega was chartered at Mount Union in 1997.
Phi Sigma A national biology honor society. Members are selected from qualified biology majors.
Pi Mu Epsilon A national mathematics honorary society promoting scholarly activity in mathematics among students and faculty.
Psi Chi A national honor society in psychology. The purpose is to encourage, stimulate and maintain excellence in scholarship of the individual members in all fields, particularly in psychology, and to advance the science of psychology.
Psi Kappa Omega The all-college academic honor society with the purpose of promoting scholarship and friendship among the faculty, students, and graduates of the College. The Council of PKO, consisting of the faculty elects members who are members of the Society. Students considered for membership are juniors and non-graduating senior students with a grade point average of 3.8 or above. Graduating seniors with a grade point average of 3.5 or above will be considered, but membership is limited to 10 percent of the graduating class. Integrity, leadership and intellectual and cultural interests are also considered.
Sigma Pi Sigma A national physics honor society recognizing scholarly achievement in the study of physics. Membership is limited to students who are scholastically in the upper one-third of their class, have completed General Physics I and II, and have taken at least one upper division physics course.
Sophomore Service Honorary A local honorary with goals including serving the community through local service projects, assisting fellow students and faculty members and promoting leadership and scholarship in the freshman class.
Tau Pi Phi A national honor society which is open to students who have completed at least eight courses in Accounting, Business Administration and Economics with an overall grade point average of 3.0 and a 3.3 average in their course work in the department. The purpose of this organization is to recognize high scholastic attainment in business, accounting and economics.


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[Pages 251-264]
{Translator's note: This section of names of those who perished is translated in the Necrology section , and is sorted alphabetically in English. The opening paragraph on page 251 is translated there. The concluding paragraph on page 264 is the traditional Kel Maleh prayer, adapted for Podhajce. It is translated as follows:
[Page 264]
Kel Maleh Rachamim
G-d full of mercy, who dwells on high, find proper rest under the wings of the Divine presence, in the heights, holy and pure as the splendor of the shining heavens, for the souls of the natives of our city, the martyrs of Podhajce and its region, men, women, boys and girls, who were murdered, burned, slaughtered, and strangled by the enemy in the European Diaspora. All of them are pure and holy, among them were sages and pious people, cedars of Lebanon and mighty in Torah. May their repose be in the Garden of Eden. May the Master of Mercy bind their souls in the bonds of eternal life, G-d is their memory, and may their sacrifice be remembered for us, and may their merit stand for us and all of Israel. May the land not hide their blood, and may there be a place for their outcry. In their merit, may the dispersed of Israel return to their homeland, and may the righteousness of the martyrs be constantly before Your eyes. May peace come, and may they rest in peace, and let us say Amen.
[Page 265]
This monument and marker is from the great Gaon who is buried here, as well as all of the monuments from here were fixed and erected by the local Chevra Kadisha in the year 5591 (1831).
Below, from right to left: the monument of the grandson of the author of the Masaat Binyamin Reb Yeshaya the son of the rabbi and Gaon Rabbi Avraham, who died in the year 5398 (1638);
The Monument of the martyr Rabbi Moshe the son of Rabbi Nachman from the year 5431 (1671);
The monument of the martyr Reb Natan the son of Reb Yechezkel from the year 5443 (1683)
JewishGen, Inc. makes no representations regarding the accuracy of
the translation. The reader may wish to refer to the original material
for verification.
JewishGen is not responsible for inaccuracies or omissions in the original work and cannot rewrite or edit the text to correct inaccuracies and/or omissions.
Our mission is to produce a translation of the original work and we cannot verify the accuracy of statements or alter facts cited.
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Copyright © 1999-2017 by JewishGen, Inc.
Updated 17 May 2007 by LA


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By Samer al-Atrush
CAIRO – Thousands of grieving Coptic Christians packed St Mark's Cathedral in Cairo on Sunday to bid farewell to Pope Shenuda III, his body on a wooden throne, as the church considered a new head of the anxious community.
Shenuda died on Saturday aged 88 after a long illness, setting in motion the process to elect a new patriarch for the Middle East's largest Christian community.
He led the Copts, estimated at 10% of Egypt's population of more than 80 million, for a whole generation, during which the country was hit by a wave of Islamist militancy from which he sought to protect his flock.
Tens of thousands of mourners converged on the cathedral in a queue that stretched for more than a kilometre (nearly a mile), as military vehicles lined the road outside.
Shenuda's body, dressed in formal robes with a golden crown on his head and a gold-knobbed staff cradled on his shoulder, was placed upright on the tall ornate papal throne where it will remain sitting in state until the funeral on Tuesday.
Thousands of worshippers in black hoping for a final blessing from their spiritual leader took pictures of Shenuda on their phones, amid tears and wailing.
"It's a great loss for Egypt," Tourism Minister Munir Fakhry Abdelnur, a Copt and a close friend of Shenuda, told AFP.
"He was wise and was widely listened to. He will be missed at a time when we need wisdom and a patriotic spirit."
Copts nationwide mourned Shenuda, and one distraught woman in the Suez Canal city of Ismailia was hospitalized in critical condition after trying to commit suicide, the official MENA news agency reported.
Based on wishes stated in his will, Shenuda will be buried at St Bishoy monastery of Wadi Natrun in the Nile Delta, where he spent time in exile after a dispute with the late president Anwar Sadat, state media reported.
Shenuda's death comes amid "deep political and societal changes in Egypt," said Coptic cinema director Daoud Abdel Sayed.
The institution needs a "shake-up, like all Egyptian institutions and that will be possible if the new pope is someone who is able to bring about reforms in the church," he told AFP.
Bishop Pachomious of the Nile Delta province of Beheira has assumed papal duties for two months until a council of senior clergy meets to choose a new pope, state television said.
The successor would be chosen according to procedures laid out in 1957 church bylaws.
Coptic bishops from around the world have already started to fly in for meetings on the funeral arrangements and succession.
"Egypt Weeps," read the headline of the state-owned daily Al-Akhbar as others bid "Farewell, Pope Shenuda."
"Egypt has lost one of its greatest men," said the Al-Azhar institution in Cairo, Sunni Islam's most prestigious, in a statement. "He is a great loss, a dear friend."
Cairo-based Arab League chief Nabil al-Arabi described Shenuda in a statement as "an Egyptian and national personage who took upon himself responsibilities for Egyptians and all Arabs."
Shenuda had suffered health problems for years, frequently travelling to the United States for medical care.
Condolences flooded in from around the world, with U.S. President Barack Obama hailing Shenuda as an advocate for tolerance and religious dialogue.
Pope Benedict XVI had offered prayers for Shenuda, the Vatican said.
"I can say how much the entire Catholic Church shares the suffering of the Orthodox Copts," Benedict said in a statement released by the Vatican.
Organization of Islamic Cooperation chief Ekmeleddin Ihsanoglu in a statement called Shenuda's death "a great loss not only to the Coptic Christian community, but for the world at large."
Muslim leaders in Egypt were quick to express their condolences.
Shenuda's death is "a grave calamity that has afflicted all Egypt and its noble people, Muslims and Christians," the country's mufti, Ali Gomaa, said in a statement.
Shenuda leaves behind a nervous community, a target of frequent sectarian attacks in recent years, with complaints of routine harassment and systematic discrimination and marginalization.
Egypt's Christians are particularly concerned over the rise and increased assertiveness of Islamists, following the uprising that toppled president Hosni Mubarak.
Shenuda was placed under house arrest by the assassinated Sadat for his outspoken criticism of the late leader's courting of Islamists.
But he supported Sadat's successor, Mubarak, who was overthrown by a popular revolt more than a year ago which led to an Islamist-dominated parliament — the first in Egypt's history.
Shenuda, instantly recognizable by his long white beard, was believed to have viewed the widely despised Mubarak as a bulwark against Islamists, who believe non-Muslims should not be allowed to rule the country.
He was seen as a check on more radical Copts who urged more forceful reactions to sectarian attacks against their community, especially after Mubarak's ouster.


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Submit News
News Corp. and Disney Plan to Yank Hulu Content, But Hope to up Subscriptions
Jason Mick
August 20, 2012 4:00 PM
Recipient E-mail
Sender E-mail
CEO and VPs are reportedly contemplating jumping off the ship on their golden parachutes
Since its inception, Hulu has had a rather baffling ownership stew and a tough goal -- making streaming, exclusive internet video content profitable. Yet somehow it made it work.
But all is not perfectly at peace in the land of Hulu green;
has an interesting piece detailing Hulu's growing pains, including preparations for the possible departure long-time CEO Jason Kilar.
I. Will Kilar Seize His Golden Parachute?
An internal memo quoted by the report writes, "Outline transition plan for new CEO. Discuss potential candidates and process."
Hulu has been kicking around on the net
since March 2007
and Mr. Kilar, a Harvard Business School grad, has been leading it since June 2007. Originally Hulu was to be an independent service -- co-owned by News Corp. (
) and Comcast Corp. (
) and distributed by Myspace, Yahoo, Inc. (
), Comcast, and Facebook, Inc. (
), among others. The site
went live in 2008
, and instantly
made a small splash
, being one of the few pages to rival Google Inc.'s (
) YouTube. Then in April 2009, The Walt Disney Comp. (
jumped onboard
, purchasing a 27 percent stake.
Since then, News Corp. and Disney have taken a leading role in terms of steering the company's direction, as Comcast's
acquisition of co-owner NBC Universal
has prevented it from participating in decisions
for antitrust reasons
Things became complicated when the pair agreed to a management buyout from founding co-owner Providence Equity Partners. Part of the terms of that buyout was that Hulu's founding managers -- including Jason Kilar -- could now cash out a significant number of vested shares. For Mr. Kilar, who holds approximately 5 percent of Hulu shares, this may amount to a $100M USD compensation package payday -- pretty compelling temptation to leave.
Jason Kilar could score $100M USD if he leaves Hulu. [Image Source: The Hollywood Reporter]
The Hulu memo discusses eliminating
exclusive content
from the "free" (ad-supported) homepage. This means that Disney and others could potentially cut deals with Google's YouTube, weakening Hulu's position. It also eliminates "content parity", meaning players like Disney (owner of ABC) and News Corp. (owner of FOX) can hold back content for their own websites, to differentiate them -- further weakening Hulu.
Lastly, it also discusses cutting back on Hulu's international efforts. News Corp. expressed its desire to "limit" its investment in bringing Hulu International to $30M USD, while Disney "would like to discuss a less ambitious product which requires less capital investment but which could prove to be a good business."
II. The Networks Don't Know What They Want
Such provisions could yield a smaller, but more profitable Hulu, which could help drive away a high-profile executive like Mr. Kilar. But he insists in past interviews that he wants to continue to lead the business and help it mature.
Hulu is worth $2B USD today, approximately twice its $1B USD founding value. Providence Equity Partners is thought to have approximately doubled its $100M USD, 10 percent stake in the buyout.
The streaming video site is expected to make about $420M USD -- a level of monetization experts
call impressive
. Many view
Hulu Plus
-- an $8 USD/month premium service -- as key to the site increasing its profits. Last year, Hulu pulled in almost $200M USD from its 2 million
Plus subscribers
. Boosting that number could mean bringing Hulu closer to moneymaking parity with major television networks like FOX, who draw far bigger revenues from advertisers and distribution/licensing payments.
Networks like ABC (Disney) and FOX (News Corp.) want to profit off of premium Hulu subscriptions, but they also want to yank exclusive content from Hulu to increase profits at their own private sites, yielding a troubled marriage.
The report also mentions fears that two other major executive shareholders -- Andy Forssell, senior VP of content, and Jean Paul (J.P.) Colaco, senior VP of advertising -- may leave/cash out, as well.
In short, this is a very volatile time for Hulu. Its big media network owners are waiving in their commitment, even as its top leadership consider seizing their golden parachutes and leaping off the ship. Ultimately the big media owners may be most to blame for this.
While Hulu is a bona fide success story, today rivaling YouTube, its big media ownership appears quite befuddled. It sends quite the mixed message for network investors to say they want to grow premium content customers, while also discussing removing premium content from the common site, to hoard their on your own private site.
Ultimately, this may be a case of big media's greed killing
a good thing they have going
"This week I got an iPhone. This weekend I got four chargers so I can keep it charged everywhere I go and a land line so I can actually make phone calls." -- Facebook CEO Mark Zuckerberg
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Principal used hypnosis on student who commited suicide | Schools
North Port, Florida - Sixteen-year-old Wesley McKinley's suicide on April 8 is raising questions about what happened one day after his principal, Dr. George Kenney, hypnotized him.
"They're blaming him for his death," says Bianca Cannon a senior at North Port High School.
"He was doing it for good, not telling Wesley to harm himself," explains student Danielle Leopold.
Students say Kenney, a certified hypnotist and author, helps a lot.
"It's no big deal. He does it for kids that need help with exams and the stress of school. A lot of seniors do it, it helps them with finals," says Bianca.
"The students love him, the parents love him, and the staff loves him. He's a great guy. He's always been a good example and done wonderful things for the school," says Gary Leatherman, Communications director for the Sarasota School District.
Sarasota school district officials say the North Port High School principal is on paid administrative leave while it investigates. Leatherman says, "There's no presumption Dr. Kenney has done anything wrong. He's not being disciplined, he's not being suspended."
In a written statement, Sarasota School superintendent Lori White says Kenney's techniques "are outside the scope of normally accepted student counseling practices and is cause for serious concern."
Some students say Principal Kenney has been hypnotizing students for a couple of years, either in a classroom group setting or individually one-on-one. But school district officials say, while they were aware of Kenney's technique, his permission had limited use."
"He was authorized to demonstrate in psychology class with parent permission," says Leatherman.
Kenney reportedly had permission from Wesley's parents to use hypnosis on their son.
"It's ridiculous to hold him responsible, to say because that child was hypnotized [and] he killed himself, that's just wrong," says parent Vincent Giacinto.
A group of students held a protest Wednesday morning, showing support for Kenney and asking he return to work. They want Kenney to attend their graduation on June 4th.
The school district has not decided who will do the investigation -- if it will be handled by someone inside or outside the district offices.
10 News tried getting a hold of Principal Kenney and Wesley McKinley's parents, but our calls have not been returned.
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March 06, 2013 07:00 ET
Focus on two core operating areasIncreasing liquids and international natural gasProcess underway to unlock $2-3 billion of value through asset sales or joint ventures
Focus on two core operating areas
Increasing liquids and international natural gas
Process underway to unlock $2-3 billion of value through asset sales or joint ventures
CALGARY, ALBERTA--(Marketwire - March 6, 2013) - Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) has announced guidance for this year. The objective of our 2013 capital and operating plan is to increase total shareholder returns by unlocking net asset value and growing cash flow per share. Operationally, the plan focuses on Talisman's two core areas (the Americas and Asia-Pacific), increasing the contribution from liquids volumes, maintaining a strong balance sheet, and driving operational excellence. All values in this release are in US$ unless otherwise stated.
2013 Guidance Summary
Executing a focused and disciplined capital spending program:
Replacing low-margin North American natural gas with higher margin barrels:
*assumes $90/bbl WTI oil, $105/bbl Brent oil, $3.60/mmbtu NYMEX natural gas
Taking steps to unlock net asset value:
"We are quickly moving to strengthen and focus our company by imposing strict capital discipline, increasing the cash margins on the barrels we produce, and unlocking value through asset sales or strategic joint ventures," said Hal Kvisle, President and CEO. "Our focused capital program targets high-margin, near-term opportunities in our two core areas. We will be less reliant on asset sales to fund core capital programs in 2013. As a result, once we execute these planned sales or joint ventures, we will have the option of using proceeds to pay down debt, or increase cash flow per share through short-term development spending or share repurchases.
"Over the past six months, we have stabilized the company. We've reduced debt by about $750 million over the course of 2012. We will maintain a strong balance sheet going forward, with a target debt-to-cash flow ratio of 1.5 times. We are increasingly protecting our capital program through hedging.
"We are now a much more focused company. Talisman has two core areas, Asia-Pacific and the Americas (North America and Colombia), which account for approximately 90% of our production and 85% of our 2P reserves. We will continue to strengthen and high-grade our assets within this core. For other areas, we are examining all options, including harvesting cash flow, ongoing development, joint venture opportunities, or sale.
"We are unlocking the net asset value (NAV) in our portfolio. We expect to sell (or joint venture) $2-3 billion of non-core assets over the next 12-18 months to unlock NAV not currently reflected in our share price. We are actively marketing our stake in both the North Duvernay shale play and parts of our Montney position.
"We are building oil and liquids momentum in 2013, which will continue into next year. Talisman has a large inventory of liquids and high netback international gas opportunities within our existing portfolio. In 2013, approximately 90% of our capital program is directed at these cash flow-generating opportunities. We plan to grow five key liquids projects - currently producing 10,000 bbls/day - to approximately 65,000 bbls/day in 2014.
"Operational excellence and capital efficiency are top priorities. We will improve all aspects of our cost structure, with the objective of increasing cash margins on every barrel we produce. A major focus will be to continue to improve drilling performance in the Eagle Ford. Significant progress has been made over the past two years and we will continue to lower costs and reduce drilling times. We are also taking steps to reduce our run rate for net general and administrative (G&A) costs by $100-150 million by the end of 2013.
"This plan is the result of an in-depth review of our strategy and business by our Board of Directors and management. I believe we now have a focused and deliberate path forward that will both unlock, and create sustainable growth in, shareholder value. We have started to reposition Talisman for future cash-flow-per-share growth on the foundation of a stronger balance sheet, better capital discipline, a more focused portfolio, and operational excellence."
In October 2012, Talisman set four strategic priorities - which are described below - along with actions and outcomes.
Priority 1 -- live within our means. We will set capital spending budgets that can be largely funded by operating cash flows. We will maintain balance sheet strength so that we are able to respond to quality investment opportunities within our core regions.
We are reducing our capital budget from $4 billion in 2012 to $3 billion in 2013 - a reduction of 25%.
Priority 2 -- focus our capital program. We will invest in projects (focused in our two core regions) that come onstream more quickly, and deliver sustainable cash flow over the longer term. We will reduce upfront capital invested in high-risk exploration.
The 2013 capital program will focus on near-term, higher netback opportunities. Exploration spending has been cut in half, and is directed primarily at proving up substantial oil potential in Colombia, Kurdistan and Asia-Pacific. Long-dated exploration spending in 2013 is expected to account for only about 5% of Talisman's total capital spend.
Priority 3 -- improve operational performance and reduce cost structure. We will do things better, faster, safer, and at lower cost. Our aim is to enhance project execution and to improve margins on every barrel we produce.
Talisman is reviewing all aspects of our cost structure. In 2013, we are taking actions to reduce G&A costs, and will continue to improve drilling performance in the Eagle Ford.
Priority 4 -- unlocking net asset value of the portfolio. Talisman's asset base includes large positions in several long-dated plays that generate little to no cash flow. We will surface value for shareholders. We will continue to high-grade our portfolio and consider divestments and joint ventures where underlying asset values are not reflected in our share price.
Our target is to unlock $2-3 billion in value through asset sales or joint ventures over the next 12-18 months.
2013 Guidance
The Americas - large resource base and liquids-rich opportunities
North America
Talisman is well positioned in five leading plays in North America, with over 35 tcfe (approximately 6 billion boe) of contingent resource in an area of 1.3 million net acres. We have material positions in three liquids-rich plays and upside exposure in two of the best dry gas plays in North America.
A significant portion of this resource base is located in our Canadian heritage region, which stretches from Fort St. John in northeastern British Columbia to Edson in west-central Alberta. Here, we have a large, contiguous land base, providing extensive running room. This land is supported by company-operated midstream infrastructure.
Talisman has established itself as a top-tier operator in the Marcellus shale play, with 5 tcf of contingent resource and an estimated 1,600 prospective drilling locations. The play is currently self-funded and provides material upside with an increase in North American natural gas prices.
In the current low natural gas price environment, we have sharpened our focus in North America in 2013, reducing spending on dry gas plays. Our short-term priority is to continue to develop the liquids-rich Eagle Ford shale play, where production growth combined with capital and operating efficiency improvements will deliver considerable cash flow from this high-cash margin play.
In addition, our 2013 priorities for North America include drilling to hold strategic land positions in some of our dry gas plays. We will also seek to monetize assets with minimal cash flow and high net asset values, specifically the Montney and North Duvernay plays.
We plan to spend approximately $1.1 billion in our core North American business in 2013 - a decrease of roughly 30% from the previous year. Approximately 80% of capital is being allocated to three liquids-rich plays, with a significant reduction in spending on dry gas plays. This activity set positions Talisman to double its North American liquids production over the next few years.
In the Eagle Ford, we will continue to focus on liquids-rich parts of the acreage, and we are increasing pad drilling in 2013. We have built a secure egress position and we entered the year with 50 uncompleted wells, which we plan to complete and tie-in.
In the liquids-rich Duvernay shale, we hold approximately 350,000 net acres. We recently completed a well reporting one of the highest liquids ratios in the play and we plan continued appraisal drilling in 2013.
At Wild River, we are growing NGL volumes through development of this multi-zone play, with a new Deep Cut liquids extraction facility that should be operational by the end of this year.
In the Montney, the majority of the capital program is funded by our joint venture partner. Here, we will continue to assess and appraise the property and continue to develop the liquids-rich eastern part of the play. We will also invest capital at Edson to maintain mineral rights and assess liquids-rich opportunities.
In the Marcellus shale, we will selectively spend capital to hold strategic core acreage positions.
In the three years since the Equion joint venture, we have drilled some exciting exploration wells, completed a successful stratigraphic program - which indicates large heavy oil potential -and secured interest in a key pipeline to access markets. With these activities, we have moved into the development phase.
We have three key areas in Colombia: the Equion joint venture (with the Piedemonte complex), the heavy oil region (Block CPO-9 and CPE-6), and the Ocensa pipeline. Part of Talisman's Niscota license (adjacent to Piedemonte) and operatorship is being transferred to Equion. We plan to spend approximately $250 million on exploration and development activities in Colombia in 2013.
The majority of production comes from Piedemonte within our Equion joint venture. In 2012, daily production from Colombia averaged 17,000 boe/day of high netback liquids and natural gas. In 2013, we will continue to progress toward Piedemonte Phase II facilities expansion. Exploration activities in the Niscota Block continue with imminent flow testing of the Huron-2 well and ongoing drilling of the Huron-3 well.
In the heavy oil region, we have secured the Exploration Environmental License for CPO-9, allowing us to move forward with a seven-well Akacias appraisal program with the intention of flowing wells on extended well tests in 2013. An exploration well in the Lorito prospect is also planned. In CPE-6, 3D seismic is ongoing. Upon license approval, we will drill and flow test three wells prior to proceeding toward development activity. While we have made progress on securing permits, permitting delays continue to affect the pace of development.
Talisman now has ownership in 12.15% of the Ocensa pipeline and approximately 55,000 bbls/day of capacity, plus an additional 13,900 bbls/day through Equion. Ocensa is now a profit centre for the company, generating dividends from our ownership position and marketing/capacity fees from oil transport capacity that is in short supply in the Llanos Basin. As Talisman's production from Blocks CPO-9, CPE-6, and the Niscota Block ramp up, we will have access to the export facilities on the Caribbean coast. Monetization of all or part of our Ocensa pipeline equity is also an option.
Asia-Pacific - high netback self-funded growth
Asia-Pacific is characterized by rapid economic growth supporting strong energy demand. Talisman's portfolio in the region is anchored by projects at Corridor (South Sumatra, Indonesia) and PM-3 CAA (Malay Basin, offshore Malaysia/Vietnam), which are connected to high netback natural gas markets through existing pipeline infrastructure. We have been operating in the region for 20 years and have demonstrated our operating capability with a strong track record of consistent, safe delivery. We have established close working relationships with host governments and national oil companies to take full advantage of the region's investment opportunities. The company is on track to deliver average production growth of approximately 8% per annum over the medium term, and the region is expected to contribute over $400 million annually in free cash flow to Talisman.
Total capital spending in the region is expected to be approximately $650 million, with five projects accounting for 85% of the total.
The focus of the Malay Basin is long-life production and cash flow. The PM-3 CAA fields are characterized by multiple stacked reservoirs, which offer significant opportunities for increased recoveries. In the near term, we will maintain production through infill drilling, well interventions, and continuous operations improvements. We are currently in discussion with key stakeholders with respect to an extension of the current PM-3 CAA license, with the blocks expiring in 2017 and 2018. In addition, we are looking for near-field exploration opportunities.
Talisman's acreage in the Sabah Basin provides access to low-cost discovered oil and gas reserves, with extensive infrastructure in place. In late 2012, we took over operatorship of the Kinabalu field and will seek to enhance production through workovers, development drilling, and enhanced oil recovery techniques. We hold two large exploration licenses next to Kinabalu where new 3D seismic has identified potential hydrocarbons, and two exploration wells will be drilled in 2013.
In Indonesia, the South Sumatra area includes key assets such as Corridor and Jambi Merang. At Corridor, the company has a very large natural gas reserve base. Here, we continue to invest in development opportunities, including proving up additional reserves to potentially allow sanction of another production train at the Suban field. At Jambi Merang, we will invest to maintain a high level of operating efficiency and consider expanding into the next development phase.
In Vietnam, Talisman is completing the HST/HSD field development, which is expected to come onstream in the second half of 2013 with net production expected at approximately 10,000 boe/day.
In PNG, we are continuing our gas aggregation strategy across our large land position, with potential of up to 20 tcf of undiscovered petroleum initially in place (unrisked). Our principal partner, Mitsubishi, brings funding and LNG expertise. In the near term, we will high-grade our land position to maintain quality and focus, while we execute the Stanley condensate recovery scheme with the goal of bringing on first production in late 2014 at the earliest.
Other Operating Areas
The North Sea
The North Sea is an oil-based portfolio in a strong Brent oil price environment. With 20 years of operating experience in the basin, Talisman has focused on operating late-life, mature fields. In recent years, we have not invested adequate capital in the UK, which has contributed to asset reliability challenges as well as reduced production capability.
Recognizing the need for additional capital and looking to reduce our exposure to inherent production volatility, Talisman sold a 49% working interest in our UK assets to Sinopec for $1.5 billion in late 2012.
This transaction enables increased investment by the joint venture in the UK North Sea, while allowing Talisman to reduce net spending. In 2013, investments will be made to improve operational efficiency in the UK and to execute economic redevelopment and life extension projects.
Redevelopment of the Montrose area - including facilities upgrades, development drilling, and the tie-back of undeveloped fields - accounts for approximately one-half of our UK North Sea spending this year. Investment will also be directed to infill drilling, water injection, platform, and subsea upgrades. We will also re-examine the possibility of developing the Auk South field.
In Norway, spending will be focused at Brage and Varg, including development drilling, field extensions, near-field exploration, and the Varg gas export project. In 2012, the Yme project experienced significant delays, quality issues and cost overruns. Given the uncertainty of the timing of first oil, Talisman removed Yme from its forward production projections and recorded impairment losses.
Talisman's overall capital spending in the region is expected to be about one-third less in 2013, after accounting for the joint venture. Our strategy across the North Sea is to optimize value through near-term opportunities, while driving safe, efficient, and reliable operations.
Kurdistan Region of Iraq
Talisman operates two blocks in the Kurdistan Region of Iraq: Kurdamir and Topkhana. Kurdistan is a world-class exploration opportunity in an under-explored basin. In 2012, we made a significant oil discovery in Kurdamir. Talisman's net 2C contingent resources in Kurdamir/Topkhana today are 114 mmbbls of liquids and 1.5 tcf of natural gas. Further appraisal drilling is targeted at proving the significant oil upside that exists. We currently estimate 329 mmbbls and 1.2 tcf of net unrisked prospective resource.
One of our key priorities this year is to recognize value in our portfolio. To do so, we will continue exploration and appraisal drilling to establish the extent of the resource base in Kurdistan. In 2013, we will drill two wells: Kurdamir-3 to evaluate the extent of the oil column, and a second well at Topkhana. Once these drilling programs are completed, we will consider all options to unlock value in this asset.
Talisman Energy Inc. is a global upstream oil and gas company, headquartered in Canada. Talisman has two core operating areas: the Americas (North America and Colombia) and Asia-Pacific. Talisman is committed to conducting business safely, in a socially and environmentally responsible manner, and is included in the Dow Jones Sustainability (North America) Index. Talisman is listed on the Toronto and New York stock exchanges under the symbol TLM. Please visit our website at (www.talisman-energy.com)
Forward-Looking Information
This news release contains information that constitutes "forward-looking information" or "forward-looking statements" (collectively "forward-looking information") within the meaning of applicable securities legislation. This forward-looking information includes, among others, statements regarding: business strategy, priorities and plans; expected capital expenditures, company-wide and regionally; expected production, company-wide; regionally and by product; expected divestitures and/or JVs and targeted timing and targeted value of disposals; potential share repurchase and other potential reinvestment alternatives; targeted debt to cash flow ratio; expected G&A reductions; expected cash flow - company-wide, regionally and by product-type; expected free cash flow; expected benefits of the JV with Sinopec in the UK; expected improvement in drilling performance in the Eagle Ford and expected associated benefits; planned drilling and rigs and drilling strategy in North America; expected completion of the Deep Cut facility; expected seismic, drilling, testing and other activity in Colombia; expected benefits of the ownership share in the Ocensa pipeline; expected exploration and development activities in Talisman's Asia-Pacific region; possible exploration upside in the Sabah basin; potential sanction of production train at the Suban field; expected completion of and production at HST/HSD; targeted first production at Stanley; planned focus and strategy in the UK; planned drilling, extensions and exploration in Norway; planned upgrades, drilling and tie-back in the UK; planned drilling in Kurdistan; and other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance. The company priorities disclosed in this news release are objectives only and their achievement cannot be guaranteed. Indicative capital estimates for 2013, which are provided in this news release, are subject to change.
The factors or assumptions on which the forward-looking information is based include: assumptions inherent in current guidance; projected capital investment levels; the flexibility of capital spending plans and the associated sources of funding; the successful and timely implementation of capital projects; the continuation of tax, royalty and regulatory regimes; ability to obtain regulatory and partner approval; commodity price and cost assumptions; and other risks and uncertainties described in the filings made by the Company with securities regulatory authorities. The Company believes the material factors, expectations and assumptions reflected in the forward-looking information are reasonable but no assurance can be given that these factors, expectations and assumptions will prove to be correct. Forward-looking information for periods past 2013 assumes escalating commodity prices. Closing of any transactions will be subject to receipt of all necessary regulatory approvals and completion of definitive agreements.
Undue reliance should not be placed on forward-looking information. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks which could cause actual results to vary and in some instances to differ materially from those anticipated by Talisman and described in the forward-looking information contained in this news release. The material risk factors include, but are not limited to: the risks of the oil and gas industry, such as operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving geology of oil and gas deposits; risks associated with project management, project delays and/or cost overruns; uncertainty related to securing sufficient egress and access to markets; the uncertainty of reserves and resources estimates, reserves life and underlying reservoir risk; the uncertainty of estimates and projections relating to production, costs and expenses, including decommissioning liabilities; risks related to strategic and capital allocation decisions, including potential delays or changes in plans with respect to exploration or development projects or capital expenditures; fluctuations in oil and gas prices, foreign currency exchange rates, interest rates and tax or royalty rates; the outcome and effects of any future acquisitions and dispositions; health, safety, security and environmental risks, including risks related to the possibility of major accidents; environmental regulatory and compliance risks, including with respect to greenhouse gases and hydraulic fracturing; uncertainties as to the availability and cost of credit and other financing and changes in capital markets; risks in conducting foreign operations (for example, civil, political and fiscal instability and corruption); risks related to the attraction, retention and development of personnel; changes in general economic and business conditions; the possibility that government policies, regulations or laws may change or governmental approvals may be delayed or withheld; and results of the Company's risk mitigation strategies, including insurance and any hedging activities.
The foregoing list of risk factors is not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results or strategy are included in Talisman's most recent Annual Information Form. In addition, information is available in the Company's other reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking information is based on the estimates and opinions of the Company's management at the time the information is presented. The Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change, except as required by law.
Oil and Gas Information
National Instrument 51-101 ("NI 51-101") of the Canadian Securities Administrators imposes oil and gas disclosure standards for Canadian public companies engaged in oil and gas activities. Talisman has obtained an exemption from Canadian securities regulatory authorities to permit it to provide certain disclosures in accordance with the US disclosure standards, in addition to the disclosure mandated by NI 51-101, in order to provide for comparability of oil and gas disclosure with that provided by US and other international issuers. Accordingly, in addition to the reserves data and certain other oil and gas information included in this news release which is provided in accordance with NI 51-101, there is data and information provided in accordance with US disclosure standards.
A separate exemption granted to Talisman also permits it to disclose internally evaluated reserves data. Any reserves and resources data contained in this news release reflects Talisman's estimates of its reserves and resources. While Talisman annually obtains an independent audit of a portion of its proved and probable reserves, no independent qualified reserves evaluator or auditor was involved in the preparation of the reserves and resources data disclosed in this news release.
Production and Reserves Volumes
Unless otherwise stated, production volumes and reserves estimates are stated on a Company interest basis prior to the deduction of royalties and similar payments. In the US, net production volumes and reserve estimates are reported after the deduction of these amounts. US readers may refer to the table headed "Continuity of Net Proved Reserves" in Talisman's most recent Annual Information Form for a statement of Talisman's net production volumes and reserves. The use of the word "gross" in this news release means a 100% interest prior to the deduction of royalties and similar payments.
In this news release, Talisman also discloses contingent resources, prospective resources and PIIP as at February 28, 2013. Where not otherwise indicated, in this news release, the contingent resources provided are 2C and the prospective resources provided are unrisked best estimates.
Contingent resources are defined as those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. The contingencies that prevent the resources from being classified as reserves are: lack of gas sales contract; additional testing; production and performance appraisal activities; development time frame too far in the future; demonstration of economic viability; facilities and egress; access to equipment and services; hydraulic fracturing technology; commodity prices and regulatory approvals. There is no certainty that it will be commercially viable to produce any portion of the resources. In addition to these contingencies and uncertainties the development of commerciality of resources is also subject to a number of risk factors, as discussed more fully above.
Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Unrisked prospective resources are not risked for change of development or chance of discovery. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development. In this news release risked prospective resources have been risked for chance of discovery but have not been risked for chance of development. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development.
PIIP is defined as petroleum initially in place and is that quantity of petroleum that is estimated to exist originally in naturally occurring accumulations. It is the total quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations, prior to production. PIIP estimates may contain all resource classifications, both discovered and undiscovered. There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
Non-Core Assets
In this news release, all references to "core" and "non-core" assets and properties align with the company's current public disclosure regarding its assets and properties.
BOE Conversion
Throughout this news release, barrels of oil equivalent (boe) are calculated at a conversion rate of six thousand cubic feet (mcf) of natural gas for one barrel of oil (bbl). This news release also includes references to mcf equivalents (mcfes) which are calculated at a conversion rate of one barrel of oil to six thousand cubic feet of gas. Boes and Mcfes may be misleading, particularly if used in isolation. A boe conversion ratio of 6mcf:1bbl and an mcfe conversion ratio of 1bbl:6mcf are based on an energy equivalence conversion method primarily applicable at the burner tip and do not represent a value equivalency at the well head.
Talisman also discloses netbacks in this news release. Netbacks per boe are calculated by deducting from the sales price associated royalties, operating and transportation costs.
The financial information for 2012 and 2013 is presented in accordance with International Financial Reporting Standards (IFRS). IFRS may differ from generally accepted accounting principles in the US.
Non-GAAP Financial Measures
Included in this news release are references to financial measures used in the oil and gas industry such as free cash flow, cash flow and capital expenditure. These terms are not defined by IFRS. Consequently, these are referred to as non-GAAP measures. Talisman's reported results of such measures may not be comparable to similarly titled measures reported by other companies.
Free Cash Flow is used by management to assess the amount of funds available for reinvestment or to reduce debt levels or return to shareholders. Free cash flow is the net of cash provided by operating, investing and financing activities before the repayment or issuance of long-term debt.
Cash Flow represents net income before exploration costs, DD&A, impairment, deferred taxes and other non-cash expenses. Cash flow is used by the Company to assess operating results between years and between peer companies using different accounting policies. Cash flow should not be considered an alternative to, or more meaningful than, cash provided by operating, investing and financing activities or net income as determined in accordance with IFRS as an indicator of the Company's performance or liquidity.
The company's 2013 cash provided by operating activities is expected to be $1.8 billion.
Capital (or "capital spend" or "exploration and development spending") is calculated by adjusting the capital expenditure per the financial statements for exploration costs that were expensed as incurred, including the capital spend of the jointly controlled entities of the company.
The company's 2013 estimated capital expenditure, pursuant to IFRS, is expected to be $2 billion.
Forecasted Cash Flow and Forecasted Free Cash Flow:
This news release also contains discussions of anticipated cash flow and anticipated free cash flow both on an aggregate and per share basis. The material assumptions used in determining estimates of cash flow are: the anticipated production volumes; estimates of realized sales prices, which are in turn driven by benchmark prices, quality differentials and the impact of exchange rates; estimated royalty rates; estimated operating expenses; estimated transportation expenses; estimated general and administrative expenses; estimated interest expense, including the level of capitalized interest; and the anticipated amount of cash income tax and petroleum revenue tax. The amount of is inherently difficult to predict.
Anticipated production volumes are, in turn, based on the midpoint of the estimated production range and do not reflect the impact of any potential asset dispositions or acquisitions. The completion of any contemplated asset acquisitions or dispositions is contingent on various factors including favourable market conditions, the ability of the Company to negotiate acceptable terms of sale and receipt of any required approvals for such acquisitions or dispositions.
In addition to the assumptions that underpin forecasted cash flow, forecasted free cash flow also includes assumptions around capital investments and financing activities.
Talisman Energy Inc. - Media and General InquiriesPhoebe BucklandManager, External email@example.com Energy Inc. - Shareholder and Investor InquiriesLyle McLeodVice-President, Investor firstname.lastname@example.com
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Pacers win....again.....5 in a ROW!
No GH tonight.....but still was able to win the game.
I am sure that we can all talk about how good that PG24 / Lance / West did.....but at this point.....I want to give one of our unsung Players that keeps the proverbial "engine" running while the Starters rest.
Mahinmi deserves some recognition here.....he's been doing very well defensively lately, his post defense has been great and his hustle has been been noteworthy. At times, he's underrated and ( at times...especially earlier in the year ) under-appreciated.
In the end...great win!


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Feed Storage
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Topic: Surgery day is almost here!
The day we thought would never come is almost here. Lauren, my 27 year old daughter, will have part 1 of a 2 part resection on Tues. 3/26 at University of Michigan Hospital. We saw Dr. Sonnenday a couple of weeks ago and he might try a different surgical approach if he thinks it is possible once he looks around. Instead of doing the smaller surgery first, he would do the big surgery first where he would split the liver and leave both sides inside Lauren. They will tie off the right side so that it shrinks way down. After 7-10 days in the hospital, they will go back in and remove the right side. I don't really understand the reasoning of doing it that way, but Dr. S says that it is advantageous in that the 2nd surgery can be so soon rather than having to wait 6 weeks for the original way he was planning on doing it. This way cancer won't have time to spread since Lauren has not been on chemo for some time. Dr. S said this surgery has only been done about 50 times in the US, more in South America. If her surgeon wasn't Dr. Sonnenday, I would be very nervous. I am nervous just a little, but U of M and all the doctors couldn't be better. Lauren is not nervous for the surgery. She is just scared about the breathing tube, which hopefully will be out when she wakes up. Please pray that Lauren has a great outcome from the surgery and also pray for Dr. Sonnenday and his wonderful team. I will keep you all updated. We will be leaving for Michigan on Monday.
Love and hugs to all,
My comments, suggestions, and opinions are based on my experience as a caretaker for my daughter, Lauren and from reading anything I can get my hands on about Cholangiocarcinoma. Please consult a physician for professional guidance.