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Officials announce plans to spend $500 million on next-gen school buses that will be safer for students: 'Committed to continuing efforts to reduce children's exposure'

Officials announce plans to spend $500 million on next-gen school buses that will be safer for students: 'Committed to continuing efforts to reduce children's exposure'

Yahoo12-05-2025

Students across California will be riding in sustainable style, thanks to 1,000 new electric school buses that the state is purchasing.
The state is spending $500 million on the new buses, which will go to more than 130 school districts in rural and low-income areas, The Washington Post reported. Also included in that funding is money for about 500 school bus charging stations.
The buses are mostly paid for by California's Cap-and-Trade Program. The program caps the allowable amount of annual carbon emissions and allows for a limited number of allowances to be purchased at auction, with each allowance equal to one metric ton of emissions.
"California is committed to continuing efforts to reduce children's exposure to toxic diesel pollution through the deployment of zero-emission school buses," California Air Resources Board chair Liane Randolph said. "State funding is especially critical as schools grapple with the rollback of federal support."
Hundreds of school districts nationwide are waiting on federal funding to cover the costs of their own electric buses. The Environmental Protection Agency previously promised $900 million in funding to cover the costs of more than 3,400 such buses, but that funding has now been frozen under the Trump Administration.
Electric school buses produce no tailpipe pollution, making them significantly better for the environment than their gas-powered counterparts. Over its lifecycle, a gas-powered bus generates up to three times as many carbon emissions as an electric option, according to Environmental Defense Fund data.
Electric buses aren't just eco-friendly and considerably better for students' health, but they're also good financial investments.
Although their up-front costs are higher than those of their gas-powered counterparts, fuel and maintenance savings can make electric buses considerably cheaper over time. Data shows that the total cost of ownership for an electric school bus, over its lifespan, can be as much as $243,000 less than a diesel bus.
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Onconetix, Inc. Announces 1-for-85 Reverse Stock Split and Results of the Special Meeting of Stockholders
Onconetix, Inc. Announces 1-for-85 Reverse Stock Split and Results of the Special Meeting of Stockholders

Business Insider

time29 minutes ago

  • Business Insider

Onconetix, Inc. Announces 1-for-85 Reverse Stock Split and Results of the Special Meeting of Stockholders

CINCINNATI, Ohio, June 11, 2025 (GLOBE NEWSWIRE) -- Onconetix, Inc. (NASDAQ: ONCO) ('Onconetix' or the 'Company'), a commercial-stage biotechnology company focused on the research, development, and commercialization of innovative solutions for men's health and oncology, today announced that the Company's stockholders have approved a proposal to effect a reverse split, which was voted on at the Company's 2025 special meeting of stockholders (the 'Special Meeting') held on May 30, 2025, and that its Board of Directors (the 'Board of Directors' or 'Board') approved a 1-for-85 reverse stock split of its outstanding shares of common stock, to be effective as of 12:01 a.m. Eastern Time on June 13, 2025. Results of the Special Meeting At the Special Meeting, Onconetix's stockholders approved the following proposals: an amendment to the Onconetix, Inc. Amended and Restated Certificate of Incorporation to effect a reverse stock split of all of the outstanding shares of the Company's common stock, par value $0.00001 per share, at a ratio in the range of 1-for-10 to 1-for-150, at any time prior to the one-year anniversary date of the Special Meeting, with such ratio to be determined by the Board without further approval or authorization of the stockholders; and the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve the Reverse Stock Split Proposal. (the 'Adjournment Proposal'). Final voting results from the Special Meeting were reported in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the 'SEC') on June 5, 2025. In conjunction with stockholder approval of the reverse stock split, the Company's Board of Directors determined to fix a split ratio of 1-for-85 shares. The Company's common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on June 13, 2025. Following the reverse stock split, the Company's common stock will continue to trade on The Nasdaq Capital Market under the symbol 'ONCO' under the new CUSIP number 68237Q203. The reverse stock split is intended to enable the Company to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on The Nasdaq Capital Market. At the effective time of the reverse split, every 85 issued and outstanding shares of the Company's common stock will be converted automatically into one share of the Company's common stock without any change in the par value per share. No fractional shares will be issued in connection with the reverse stock split, and fractional shares resulting from the reverse stock split will be canceled with the holders thereof receiving cash compensation. The amount of compensation will be determined by multiplying the fractional share by the closing price per share of the Company's common stock on The Nasdaq Capital Market at the close of business on the trading day prior to the effective date of the reserve stock split, or June 12, 2025. The reverse split will have no effect on the number of authorized shares of the Company's common stock, and the ownership percentage of each stockholder will remain unchanged other than as a result of fractional shares. The reverse stock split will additionally apply to the Company's common stock issuable upon exercise or conversion of the Company's equity awards, convertible preferred stock and warrants, as well as the applicable exercise price. The reverse stock split will reduce the number of outstanding shares of the Company's common stock from approximately 44.4 million to approximately 521,863. About Onconetix, Inc. Onconetix, Inc. is a commercial-stage biotechnology company focused on the research, development, and commercialization of innovative solutions for men's health and oncology. The Company owns Proclarix, an in vitro diagnostic test for prostate cancer originally developed by Proteomedix and approved for sale in the European Union under the In Vitro Diagnostic Regulation. The Company also owns ENTADFI, an FDA-approved, once-daily pill that combines finasteride and tadalafil for the treatment of benign prostatic hyperplasia, a disorder of the prostate. For more information, visit Forward-Looking Statements Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as 'anticipate,' 'believe,' 'forecast,' 'estimate,' 'expect,' and 'intend,' among others. 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Los Angeles is about to get a lot smoggier
Los Angeles is about to get a lot smoggier

Politico

time3 hours ago

  • Politico

Los Angeles is about to get a lot smoggier

With help from Camille von Kaenel THE DAY AFTER: It's getting hotter in Los Angeles — and we're not talking about ICE raids or wildfires. President Donald Trump on Thursday killed California's vehicle emissions rules, designed to reduce emissions and pollution in smoggy regions like SoCal, delivering on his Day 1 executive order to quickly roll back electric vehicle mandates around the country. 'We officially rescue the U.S. auto industry from destruction by terminating California's electric vehicle mandate, once and for all,' Trump said at a White House ceremony before signing three resolutions nixing rules aimed at phasing out gas-powered cars and heavy-duty diesel trucks. Gov. Gavin Newsom offered a glimpse of California's next steps: Besides the obvious lawsuit (the state's 26th under Trump 2.0, for those keeping track at home), he put out an executive order to start developing new regulations — to be approved under a future Democratic administration — and start tracking which car and truck manufacturers are still following the state's ZEV sales targets. That data would be used to offer compliant companies preferential treatment, like incentives to encourage drivers to buy their vehicles. But there's very little the state can do in the near term to replace the rules aimed at weaning drivers off fossil fuels to meet lofty climate goals and reach federal pollution standards. 'It's impossible without unbelievably massive, draconian steps that are politically untenable, like no-drive days,' said Craig Segall, a former deputy executive officer at the California Air Resources Board and a policy consultant. Meanwhile, there's another threat coming. 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EPA announces unprecedented rollback on air pollution limits for power plants — health experts warn this could lead to biggest increase in pollution
EPA announces unprecedented rollback on air pollution limits for power plants — health experts warn this could lead to biggest increase in pollution

Yahoo

time5 hours ago

  • Yahoo

EPA announces unprecedented rollback on air pollution limits for power plants — health experts warn this could lead to biggest increase in pollution

The Environmental Protection Agency disclosed plans to roll back a crucial rule limiting power plant pollution, the Guardian recently reported. In April 2024, the EPA finalized a set of rules curtailing greenhouse gases emitted by coal-powered plants. The rules would "significantly reduce greenhouse gas (GHG) emissions from existing coal-fired power plants and from new natural gas turbines, ensuring that all long-term coal-fired plants and base load new gas-fired plants control 90% of their carbon pollution," per an archived copy of the guidelines hosted on the agency's website. As of June 12, text on the same page had been updated, reading in part: "On June 11, 2025, EPA Administrator Lee Zeldin proposed to repeal all 'greenhouse gas' emissions standards for the power sector under Section 111 of the Clean Air Act." Citing what he called the "climate change cult," Zeldin spoke at a June 11 event disclosing the proposed rollbacks. "We choose to both protect the environment and grow the economy," Zeldin said. In an April 2024 fact sheet, the EPA provided projections for how much the new rule would lower pollution. As written, the guidance was "projected to reduce CO2 emissions in the power sector to more than 62% below 2022 levels, and more than 75% below 2005 emission levels (the historical emissions peak) by 2035," the EPA calculated. CBS News emphasized a concerning angle in their coverage of Zeldin's announcement. In an accompanying press release, the EPA acknowledged plans to "work [on and] publish a finding that greenhouse gas emissions from fossil fuel power plants 'do not contribute significantly to dangerous air pollution.'" As NASA reiterated in 2024, scientific data "continues to show that human activities (primarily the human burning of fossil fuels) have warmed Earth's surface and its ocean basins, which in turn have continued to impact Earth's climate." The rule Zeldin intends to repeal had the potential to hold the dirty fuel industry accountable and establish federally enforceable pollution limits. Do you worry about air pollution in your town? All the time Often Only sometimes Never Click your choice to see results and speak your mind. Without oversight, corporations tend to prioritize profits over reducing pollution and limiting the industry's known adverse impact on clean air and drinking water. On June 11, over 200 health experts signed a letter addressed to Zeldin. "As health experts, we write to share our grave concern at EPA's effort to rescind dozens of pollution protections for millions, a direct contradiction to the Environmental Protection Agency's mission of protecting public health and the environment and your expressed promise to ensure every American's access to clean air," it began. Rescinding the rules "would lead to the biggest pollution increases in decades and is a blatant give-away to polluters," they added. "Everyone knows that climate and clean air protections improve public health. Combined, the air pollution standards finalized by the EPA … between 2021 and 2024 will save over 200,000 lives and avoid over 100 million asthma attacks in the U.S. through 2050, and these standards will deliver more than $250 billion in net benefits each year," the letter continued. According to the Guardian, the EPA's planned rollback will include a period for public comment, and the outlet anticipated that the agency will face significant "legal challenges" over the repeal. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.

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