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The Latest Breaking News from Amplify

Australian powerbrokers’ debut event aims for (and gets) five out of ten

The venture-capital-backed think tank Amplify held its debut panel in Sydney, inviting Crikey along for the ride. Here’s how the night turned out.

Crikey

NZ’s new cultural policy will be called Amplify. It is timely and needed, but not ambitious enough

The arts and cultural activity of Aotearoa New Zealand enhances our global reputation, grows our economy and brings us fulfilment as individuals. But more could be done to realise the full economic, social and wellbeing potential of our country’s creative arts.

The Conversation

Non-partisan group aims to change political debate

A new community-focused, non-partisan organisation that lets people share their ideas and opinions aims to help people better shape political policy.

AAP

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Exclusive: Chainguard raises $140 million Series C

Chainguard raised its $140 million Series C, led by Redpoint, Lightspeed Venture Partners, and IVP, Fortune can exclusively report. Amplify, Mantic VC, Sequoia Capital, and Spark Capital, all existing investors, also participated in the round. The company’s now valued at $1.12 billion.

Fortune

Amplify ETFs Founder Plans To Amp Up Your Portfolio

Christian Magoon, CEO of Amplify ETFs, entered the ETF marketplace in 2005. He knew at once he had to innovate with the best ETFs.

Investors Business Daily

POWR Stock of the Week Under $10: Amplify Energy (AMPY)

The oil chart looks like it's bottoming here after a drawdown in prices in the last quarter of 2023. Improving economic conditions, and further potential cold weather patterns in a few weeks, could help play a role in the bottoming process. Looking for undervalued oil assets is a great way…

StockNews.com

Off-duty Chicago cop strikes, kills pedestrian near House of Blues in River North

The officer was driving an Infiniti SUV in the 300 block of North State Street about 12:30 a.m. Thursday. She told officers she dropped her phone and took her eyes off the road to grab it, according to a police report.

Chicago Sun-Times

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US officials want ships to anchor farther from California undersea pipelines, citing 2021 oil spill

Federal investigators have concluded that a 2021 rupture of an undersea oil pipeline off the Southern California coast was likely caused by the proximity of anchored shipping vessels

The Independent UK

Paxton trial, Sept. 13: Woman in alleged affair with Paxton planned to plead the Fifth, doesn’t testify

Watch a livestream of the attorney general’s impeachment trial and get the latest updates as senators weigh his political future.

The Texas Tribune

$3.4M fine proposed over 2021 California oil pipeline leak

A federal agency is proposing a nearly $3.4 million fine for an energy company over a 2021 oil pipeline spill that fouled Southern California beaches

The Independent UK

Firm restarting oil pipeline involved in California spill

An offshore pipeline involved in a 2021 oil spill that fouled Southern California beaches is being put back in service

The Independent UK

Pipeline connected to 2021 oil spill set to restart off Huntington Beach

The pipeline that ruptured and spewed about 25,000 gallons of oil into the ocean off Huntington Beach, California, in October 2021 is being refilled with oil and is expected to be in use again sometime this month, pipeline operator Amplify Energy said Monday, April 10.

The Orange County Register

As TikTok battles to remain in the U.S., it’s offering creators ‘free exposure’ in exchange for becoming the faces of company marketing

It remains under how and where this content is distributed.

Fortune

News briefs

Dallas GOP dinner featuring Florida Gov. Ron DeSantis closed to media

Tribune News Service

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Los Angeles Times

Shipping firms to pay pipeline company nearly $100 million in Calif. oil spill

LOS ANGELES — A year and a half after a ruptured oil pipeline sent thousands of gallons of crude gushing into the waters off Southern California, the legal blame game is starting to wind down.

The Independent UK

Shipping companies reach $97M California oil spill agreement

Shipping companies have agreed to pay nearly $97 million to settle a lawsuit with a pipeline operator over a 2021 oil spill off the coast of Southern California

Los Angeles Times

Shipping companies agree to pay $45 million in O.C. oil spill lawsuits

LOS ANGELES — Companies linked to two cargo ships accused of damaging a pipeline months before it ruptured, sending crude oil gushing into the waters off Orange County, have agreed to pay $45 million to settle lawsuits brought by business owners and residents, attorneys said Thursday.

The Orange County Register

Huntington Beach oil spill: $50 million settlement agreed to for locals hurt financially

Amplify Energy will pay $50 million to individuals and businesses that lost money last year when nearly 25,000 gallons of oil flowed into the ocean from of a ruptured pipeline about 4 miles off the coast of Huntington Beach, California, according to terms of a preliminary class action settlement filed…

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The Independent UK

Pipeline operator agrees to $50M California spill settlement

A pipeline operator has agreed to pay $50 million to Southern California fishermen, tourism companies and property owners who sued over an offshore oil spill last year

Los Angeles Times

Company responsible for California oil spill gets permission to repair pipeline

LOS ANGELES — The Houston-based company operating the oil pipeline that ruptured off Huntington Beach last fall announced Saturday that the government has green-lighted its plans to repair the pipeline, raising the possibility it will be operational again early next year.

The Independent UK

Ruptured oil pipeline off California approved for repairs

A federal agency has given a Texas oil company approval to repair a pipeline that ruptured a year ago and spilled tens of thousands of gallons of crude off the Southern California coast

Bangkok Post

HP targets growth in hybrid work, gaming

Global tech and computer giant HP Inc is widening growth opportunities in the fields of hybrid work, gaming and sustainability, which have a total addressable market value of more than US$700 billion.

Los Angeles Times

Pipeline operators agree to plead guilty in Orange County oil spill and pay nearly $13 million

LOS ANGELES — Three Texas companies agreed Friday to plead guilty to federal environmental charges and pay nearly $13 million in connection with the crude oil spill that fouled Southern California’s coastline last fall.

AFP

Pipeline operator to pay $13m over California coast leak

Los Angeles (AFP) - The operators of a pipeline that leaked crude oil onto California beaches has agreed to plead guilty to environmental pollution charges and pay $13 million, these companies said Friday.

The Independent UK

Pipeline operator agrees to guilty plea in California spill

A pipeline operator and two subsidiaries have agreed to plead guilty to negligently discharging oil off the Southern California coast in connection with a pipeline break that covered beaches with blobs of crude

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