Why Innovation, Not Diversification, Is Key To The Oil And Gas Industry’s Survival

Yesterday I wrote about some tone-deaf advice provided by Energy Secretary Jennifer Granholm to the oil and gas industry. Granholm advised oil and natural gas companies they must diversify if they want to survive. The Secretary would have been more on-point had she advised them to innovate, because that’s what is inevitably going to happen. History tells us that that is what this industry always does to survive and thrive in a constantly changing world. 

The elephant in the living room, of course, is emissions. The industry has been pressured by regulators and activists for decades now to clean up its emissions, and more recently has found itself under increasing pressure from investors and banking institutions to not only cut its methane and carbon emissions, but to be able to publicly document the progress. That pressure has now been extended down the chain to the international end users of the big volumes of U.S. production that is exported each day.

This is where Project Canary, a public benefit B-corp., comes in. As Chris Romer, CEO of Canary told me this week, “Even the oil companies agree that the ESG movement is a 100-ft. tsunami that is only 10 feet out of the water. It’s becoming table stakes now, and in the near future, not only their investors, but the banks are going to insist that the “E” in ESG has to be data-driven. That’s the entire hypothesis of Project Canary.” Basically, Romer believes that companies in the oil industry will no longer be able to satisfy ESG-concerned investors that they’re taking the “E” in ESG seriously by making a pledge to become net-zero by some year out in the future without being able to demonstrate real, annual progress.

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Former TSA Administrator Joins WhiteFox Advisory Board

Vice Admiral Peter Neffenger (USCG retired) enjoyed a distinguished career in the U.S. Coast Guard. He served as the 29th Vice Commandant until June 2015 when the U.S. Senate confirmed him to head the Transportation Security Administration (TSA), a position he held until January 2017. He was named one of the 25 most influential business travel executives of 2016 by Business Travel News after leading a complete TSA transformation. 

Admiral Neffenger holds an MPA from Harvard University, an M.A. in National Security and Strategic Studies from the U.S. Naval War College, an M.A. in Business Management from Central Michigan University, and a B.A. from Baldwin Wallace University, from where he recently received an honorary Doctorate (Doctor of Public Service). 

He is a two-time recipient of the Department of Homeland Security’s Distinguished Service Medal; Distinguished Senior Fellow at Harvard University’s National Preparedness Leadership Initiative; Distinguished Fellow at the Atlantic Council Adrienne Arsht-Rockefeller Foundation Resilience Center; Distinguished Senior Fellow at Northeastern University’s Global Resilience Institute; and member of the Pacific Council on International Policy. 

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Announcing U.S. Department of Homeland Security Agreement with WhiteFox

WhiteFox Defense Technologies, Inc. has joined a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Homeland Security Science and Technology Directorate. The effort involves performance testing of the DroneFox technology, an omnidirectional drone detection, identification, and mitigation system. DroneFox is used by critical infrastructure and public gathering security teams around the world to detect and track drones. They typically see with 3-meter level accuracy at a nominal range of 5km and at distances up to 15 km away. Knowing the number of drones operating within that bubble of protection, DroneFox then enables authorities to assess the threat level of each drone, including the drone and pilot’s location and movement in real-time – a massive advantage in a world quickly experiencing a rise in both friendly and rogue drone activity. 

“As leaders in counter-drone technology, we are thrilled to work with the Department of Homeland Security Science and Technology Directorate to support the agency and its partners. Our innovative technology is transforming airspace security, and we are grateful to be working with the DHS to further advancements in the industry,” says WhiteFox CEO Luke Fox.  

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Niantic’s new 5G AR game demo looks like a futuristic ‘Pokemon Go’

Urban Legends is running a demo with the 5G partners, and they are aiming for the next futuristic 5G AR games!

A recent video that surfaced on YouTube showed a family enjoying their normal day in the park as they are blasting shots at creatures around them. It sounds like a typical match of Pokemon Go but in a more active state.

Niantic has their newly ruled out augmented reality 5G gaming demo app, which seems like a taste of what could be the world like AR glasses.

How is this game played?

Codename: Urban Legends is a multiplayer game, as you can see below. It can be played in groups all in one place and at the same time. Built-in the platform, it powers popular names such as Ingress, Pokemon Go, and Harry Potter.

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Companies Leveraging DailyPay are Better Suited to Tackle Labor Challenges, According to New Mercator Advisory Group Research

NEW YORK, April 21, 2021 /PRNewswire/ -- As American businesses reopen, forward-thinking companies are leveraging DailyPay, the leader in on-demand pay, to gain an advantage over their competitors and maintain successful operations. This news comes out of a recent study of over one million employees across 10 industries that play a key role in America's economic comeback.

A new study from the Mercator Advisory Group, "Modernizing Payroll Through Earned Wage Access," reveals the true transformative power that DailyPay, the recognized gold standard in Earned Wage Access (sometimes called "on-demand pay"), has on a company's bottom line.

The Mercator Advisory Group examined 10 industries and found that average tenure improved by as much as 73% for workers in nursing homes using DailyPay's earned wage access solution. These notable improvements vary by industry. Some other industry results highlighted in the research include transportation +68%, call centers +51%, caregivers +27%, and retail +24%.

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