Latest news with #PaulArnold

Sydney Morning Herald
21-07-2025
- Climate
- Sydney Morning Herald
The big stink: This is how much raw sewage is being dumped into the Brisbane River
Complications with a 'once in a generation' under river infrastructure project is forcing officials to dump millions of litres of raw sewage and stormwater directly into the Brisbane River. Nine News can exclusively reveal 540 megalitres have been discharged in the past 18 months and the practice is set to continue for months, if not years. The problem stems from the $210 million Bulimba-Hamilton Siphon Renewal Program. The project involves restoring a tunnel between 1948 and 1954, used to transport sewage from a catchment of about 150,000 residents on Brisbane's southside to the Luggage Point Resource Recovery Centre on the north, for processing. The project hit a complication in January 2024 where a pipe within the tunnel burst. Now, during times of heavy rain, sewage and stormwater must be discharged into the river, to prevent the entire system overloading. Nine News exclusively obtained the data from the Department of Environment, which issues permits for the releases. Urban Utilities chief executive Paul Arnold said the sewage is filtered through a 'grid' and is usually 'heavily diluted' by stormwater.

The Age
21-07-2025
- Climate
- The Age
The big stink: This is how much raw sewage is being dumped into the Brisbane River
Complications with a 'once in a generation' under river infrastructure project is forcing officials to dump millions of litres of raw sewage and stormwater directly into the Brisbane River. Nine News can exclusively reveal 540 megalitres have been discharged in the past 18 months and the practice is set to continue for months, if not years. The problem stems from the $210 million Bulimba-Hamilton Siphon Renewal Program. The project involves restoring a tunnel between 1948 and 1954, used to transport sewage from a catchment of about 150,000 residents on Brisbane's southside to the Luggage Point Resource Recovery Centre on the north, for processing. The project hit a complication in January 2024 where a pipe within the tunnel burst. Now, during times of heavy rain, sewage and stormwater must be discharged into the river, to prevent the entire system overloading. Nine News exclusively obtained the data from the Department of Environment, which issues permits for the releases. Urban Utilities chief executive Paul Arnold said the sewage is filtered through a 'grid' and is usually 'heavily diluted' by stormwater.
Yahoo
19-03-2025
- Business
- Yahoo
Novartis scraps use of diverse panels for hires in US
By Paul Arnold and Maggie Fick ZURICH (Reuters) -Swiss drugmaker Novartis is ending its use of diverse panels for all of its hiring in the United States, the company told Reuters on Wednesday, citing the changing legal and policy landscape surrounding diversity in the U.S. A number of U.S. and European companies have ditched or scaled back their diversity, equity and inclusion programmes since U.S. President Donald Trump declared some elements of DEI illegal and threatened to investigate companies over them. Novartis said in a statement to Reuters that evolving laws and policies in the U.S. will require it to change, though the company continues to believe in "embracing varied perspectives and fostering equal opportunity for all of our people".
Yahoo
28-02-2025
- Business
- Yahoo
Swiss Re sees hit of less than $700 million from Los Angeles wildfires
By Tom Sims and Paul Arnold FRANKFURT (Reuters) - Reinsurance company Swiss Re ( said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the January blaze. The wildfires killed more than two dozen people and destroyed or damaged more than 16,000 structures, charring an area bigger than Paris. Swiss Re's expected claims are less than those foreseen by its larger competitor Munich Re, which on Wednesday said it was factoring in about 1.2 billion euros ($1.26 billion) in losses, representing the biggest hit reported so far by a single European reinsurer for the catastrophe. Analysts have estimated insurance claims across the industry could total as much as $45 billion for the blaze. Hannover Re, another German reinsurer, has said that it could face claims amounting to 700 million euros. Fitch, the credit ratings company, has said that European insurers had reduced exposure to California after a spate of fires in 2017 and 2018 but would still be "materially affected" by the 2025 fires because of their scale. Swiss Re provided the estimate as part of its 2024 earnings report, which showed a 3.1% rise in net profit from a year earlier. Net profit was $3.24 billion, compared with $3.14 billion in 2023. Analysts had expected a profit of $3.13 billion, according to a consensus forecast. ($1 = 0.9556 euros) Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Swiss Re sees hit of less than $700 million from Los Angeles wildfires
By Tom Sims and Paul Arnold FRANKFURT (Reuters) - Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the January blaze. The wildfires killed more than two dozen people and destroyed or damaged more than 16,000 structures, charring an area bigger than Paris. Swiss Re's expected claims are less than those foreseen by its larger competitor Munich Re, which on Wednesday said it was factoring in about 1.2 billion euros ($1.26 billion) in losses, representing the biggest hit reported so far by a single European reinsurer for the catastrophe. Analysts have estimated insurance claims across the industry could total as much as $45 billion for the blaze. Hannover Re, another German reinsurer, has said that it could face claims amounting to 700 million euros. Fitch, the credit ratings company, has said that European insurers had reduced exposure to California after a spate of fires in 2017 and 2018 but would still be "materially affected" by the 2025 fires because of their scale. Swiss Re provided the estimate as part of its 2024 earnings report, which showed a 3.1% rise in net profit from a year earlier. Net profit was $3.24 billion, compared with $3.14 billion in 2023. Analysts had expected a profit of $3.13 billion, according to a consensus forecast. ($1 = 0.9556 euros)