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On September 18th, NBC reported, citing seven current and former U.S. and Western officials, that the Pentagon is assessing a significant reduction in U.S. military deployments in Europe, potentially withdrawing approximately 25,000 troops, roughly one-third of the current U.S. troop presence in the region. The proposed reduction could even extend to a maximum of 40,000 troops. If implemented, this would be the largest adjustment to the U.S. military presence in Europe since the end of the Cold War. Currently, the U.S. has approximately 80,000 troops stationed in Europe, primarily in Germany, Italy, and Spain. The report states that the Pentagon launched a six-month review of its European troop presence in June. European Command Commander Alex Greenkiewicz is expected to submit the assessment to Defense Secretary Hergsays soon, with plans potentially involving reductions in air and naval personnel, ground troops, or adjustments to troop deployment locations. Pentagon officials stated that the review aims to ensure U.S. military deployments align with the "America First" strategy. Some European countries and U.S. lawmakers have expressed concern about the large-scale withdrawal, arguing that it could weaken NATOs deterrent capabilities. Supporters, however, believe the U.S. should reallocate its overseas military resources, assigning more regional defense responsibilities to Europe. The relevant plan has not yet been finalized, and any withdrawal is expected to proceed after the final recommendation is submitted to the president for approval.According to NBC News, the Pentagon is considering withdrawing nearly a third of its U.S. troops from Europe.OpenAI launches a new AI model for law firms.The Dow Jones Industrial Average rose 316.14 points, or 0.61%, to close at 51,778.04 on Thursday, September 17; the S&P 500 rose 85.91 points, or 1.14%, to close at 7,637.72; and the Nasdaq Composite rose 439.87 points, or 1.69%, to close at 26,418.30.On September 18, voting began in the Kamchatka Krai and Chukotka Autonomous Oblast for the election of Russias ninth State Duma (lower house of parliament) at 8:00 a.m. local time. This is the first nationwide parliamentary election held in Russia since the special military operation against Ukraine in 2022.

The CEO of Suncor Energy resigns after the most recent workplace death

Skylar Williams

Jul 11, 2022 11:08

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After a series of terrible mishaps at Canada's third-largest oil producer, Suncor Energy Inc. announced on Friday that CEO Mark Little has resigned.


Little was also stepping down from his roles as president and board member, according to a statement from the Calgary, Alberta-based company.


While the board seeks for a permanent successor, Kris Smith, the company's executive vice president of downstream, will succeed Little as temporary CEO.


Little announced his resignation one day after a worker was murdered at Suncor's oil sands base facility in northern Alberta. It was the second fatality at a Suncor facility in 2018, and the twelfth since 2014.


Michael Wilson, the chair of the board, said in a statement, "Suncor is dedicated to attaining safety and operational excellence across our whole company, and we must recognise where we have fallen short and the crucial need for change."


Little, who joined Suncor's CEO in 2019 after serving as COO, is under pressure to address safety and operational challenges. He reminded investors in February that he took full responsibility for deaths at Suncor locations and committed to enhance operations.


Elliot Management, a U.S.-based activist investment fund, announced a 3.4% holding in Suncor in April and encouraged the corporation to install new board members, restructure management, and conduct a strategy review due to Suncor's lagging share price.


As a consequence of Elliot's public criticism, Little's work as chief executive officer was scrutinized more closely.


Canadian Natural (NYSE:CNQ) Resources Ltd overtook Suncor in 2020 as the country's most valued energy firm.


In addition to the deaths, the firm displeased investors by lowering its dividend by a substantial amount in 2020, consistently missing its production projections, and experiencing operational challenges at its new Fort Hills oil sands mine, which have delayed the completion of the project.


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