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Posted by / 07-Feb-2020 00:27

Passed legislation mandating additional reductions

WASHINGTON (Reuters) - President Barack Obama’s drive to fight global warming got a boost on Wednesday as Democrats in the U. Senate unveiled a bill aimed at slashing greenhouse gas emissions in the next four decades. funds in finding cleaner ways to burn coal and other fuels.The plan aims to cut carbon dioxide and other pollutants by encouraging broader use of solar, wind and other renewable fuels in place of dirtier ones such as oil. Written by liberal Senators Barbara Boxer and John Kerry, the proposal would achieve a 20 percent reduction in smokestack emissions by 2020 from 2005 levels.No reimbursement is required by this act pursuant to Section 6 of Article XIII B of the California Constitution because a local agency or school district has the authority to levy service charges, fees, or assessments sufficient to pay for the program or level of service mandated by this act, within the meaning of Section 17556 of the Government Code. ( EGLT) with a .00 price target based on our estimates for growth of three products currently being commercialized in the United States.  Egalet has developed a therapeutic focus on pain and differentiated itself in the space by embracing abuse deterrent technology, which we believe will make up an increasing portion of the   to   billion opioid pain relief market.  Initial penetration is promising with second quarter revenues up 81% over the prior year.  Several new relationships have been developed in 2017, including the addition of a payor with 24 million lives and Ascend Therapeutics, a leader in women’s care.  These partners are expected to help sustain high growth rates in coming quarters.  With a favorable regulatory and legislative environment, we anticipate continued penetration of abuse deterrent formulations (ADFs) that is expected to contribute to continued double digit growth for several quarters to come.   The company currently has three products generating revenues, Arymo ER, Oxaydo, and Sprix nasal spray, all indicated for varying types of pain.  Arymo ER (morphine sulfate) is an extended release morphine product with abuse deterrent features intended for the management of severe pain requiring constant opioid treatment.  Oxaydo (oxycodone HCI, USP) is an immediate release (IR) oxycodone drug used to manage acute and chronic, moderate to severe pain also designed to discourage abuse via snorting.  Egalet’s largest current revenue generator, Sprix (ketorolac tromethamine) is a nonsteroidal anti-inflammatory drug (NSAID) indicated in adult patients for short term pain of no longer than five days.   " data-reactid="11" We are initiating coverage of Egalet Corp.

“The last thing American families need right now is to be hit with a new energy tax every time they flip on a light switch, or fill up their car -- but that’s exactly what this bill would do,” Mc Connell said. environmental groups joined Obama in welcoming the Senate Democrats’ bill, but some said it would not take enough carbon out of the air.The bill would require each jurisdiction to report to the department on its progress in implementing the organic waste recycling program, and the department would be required to review whether a jurisdiction is in compliance with this act.This bill would require the department to identify and recommend actions to address permitting and siting challenges and to encourage the continued viability of the state’s organic waste processing and recycling infrastructure, in partnership with the California Environmental Protection Agency and other specified state and regional agencies.The bill also would require the department to cooperate with local jurisdictions and industry to provide assistance for increasing the feasibility of organic waste recycling and to identify certain state financing mechanisms and state funding incentives and post this information on its Internet Web site.(2) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state.Statutory provisions establish procedures for making that reimbursement.(a) “Business” means a commercial or public entity, including, but not limited to, a firm, partnership, proprietorship, joint stock company, corporation, or association that is organized as a for-profit or nonprofit entity, or a multifamily residential dwelling.(e) “Rural jurisdiction” means a jurisdiction that is located entirely within one or more rural counties, or a regional agency comprised of jurisdictions that are located within one or more rural counties.

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If a rural jurisdiction is a regional agency comprised of jurisdictions that are located entirely within one or more rural counties, the board of the regional agency may adopt a resolution, as prescribed in this paragraph, to make the rural jurisdiction is exempt from the requirements of this section.(D) On or after January 1, 2020, if the department determines that statewide disposal of organic waste has not been reduced to 50 percent of the level of disposal during the 2014 calendar year, all exemptions authorized by this paragraph shall terminate unless the department determines that applying this chapter to rural jurisdictions will not result in significant additional reductions of disposal of organic waste.(b) If a jurisdiction, as of January 1, 2016, has in place an organic waste recycling program that meets the requirements of this section, it is not required to implement a new or expanded organic waste recycling program.(iii) Efforts of which the jurisdiction is aware that are underway to develop new private or public regional organic waste recycling facilities that may serve some or all of the organic waste recycling needs of the commercial waste generators within the jurisdiction subject to this chapter, and the anticipated timeframe for completion of those facilities.(B) Identify barriers to siting new or expanded compostable materials handling operations, as defined in paragraph (12) of subdivision (a) of Section 17852 of the Title 14 of the California Code of Regulations, and specify a plan to remedy those barriers that are within the control of the local jurisdiction.(C) Provide for the education of, outreach to, and monitoring of, businesses.