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Port Authority investigated for paying $500K success fee

Port Authority investigated for paying $500K success fee DAVE COLLINS, Associated Press FacebookTwitterEmail HARTFORD, Conn. (AP) Connecticut Attorney General William Tong disclosed Thursday that his office is investigating the quasi-public Connecticut Port Authority and a more than $500,000 fee it paid to a consultant. The investigation involves the Port Authority s 2018 contract with a subsidiary of New York-based Seabury Capital Group that received more than $700,000 from the authority, Tong said in a letter to Republican state Sens. Kevin Kelly and Paul Formica. The amount included a $523,000 “success fee” for work that included finding an operator to run the New London state pier.

Lack of regulatory framework holding up decarbonisation progress | Hellenic Shipping News Worldwide

Lack of regulatory framework holding up decarbonisation progress Despite the need for speed, the shipping industry does not have the tools to decarbonise quickly enough to meet its own targets. Without a clear regulatory framework on which shipowners and operators can base their investment decisions, shipping’s decarbonisation process will be too slow. As a result, any chance of the industry itself, through the IMO, retaining control of its own decarbonisation process will be lost. These were some of the key points made by speakers at a webinar yesterday, staged jointly by LR and the Environmental Defense Fund (EDF) and chaired by Katharine Palmer, LR’s Global Head of Sustainability.

The Day - Authority s positive response to our ethical suggestion - News from southeastern Connecticut

Published February 19. 2021 5:03PM  By The Connecticut Port Authority has taken a lot of heat, and for good reason. The state legislature is debating everything from requiring it to file more frequent reports with greater transparency to dissolving it. Meanwhile, ousting a road-salt distributor from State Pier in New London in the midst of this nasty winter to make way for redevelopment that remains uncertain and is not close to happening yet has been about as popular as Cruella de Vil’s approach to dalmatian puppies. In the past, business was steered to folks with board connections and authority plastic used to charge some dubious expenses.

The Day - Connecticut Port Authority members seek ethics opinions - News from southeastern Connecticut

New London  Members of the Connecticut Port Authority have sought opinions from the Connecticut Office of State Ethics in response to questions and a challenge issued by The Day Editorial Board about whether certain activities constitute a conflict of interest. CPA board member John Johnson has asked for a ruling on whether his ownership of a commercial property near State Pier should prohibit him from voting on matters related to the pier. The quasi-public agency now owns and is managing the multi-million reconstruction of State Pier. Day opinion columnist David Collins, in a recent column, argues Johnson “continues to participate in votes and discussion of State Pier while he stands to profit by industrial property he owns nearby.”

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