For a group of parents visiting DisneyWorldtheir trip became that much more excruciating when their families got stuck on the ‘It’s a Small World’ ride.
A video shared by TikTok user @hazeysmom22 revealed visitors were stuck on the notoriously annoying ride for over an hour after one of the boats began sinking.
When operating normally, ‘It’s a Small World’ takes visitors on a scenic boat trip around a miniature version of the world populated by animatronic dolls dressed in costumes from different cultures. Throughout the trip, robots sing a loop of the Sherman Brothers’ song ‘It’s a Small World’.
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Disney World visitors got stuck on the ‘It’s a Small World’ ride for an hour. (Tik Tok)
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The TikTok user called the experience “torture.”
“[Staff] didn’t realize for like 45 mins, everyone was stuck on a boat so we sat there for about an hour stuck with the song on repeat!!”
The ride has been an integral part of the Disney World experience since the 1970s and has garnered a significant amount of hate over the decades.
One TikTok commenter wrote, “I have such a deep hatred of this ride after an incident in the CA park when I was 12. I’m 31 now.”
Another said, “No joke, this legitimately happened to me when I was a kid in the late 80s! They never turned the music off, I can’t hear that song without cringing!”
A TikTok video showed young babies were also stuck. (Tik Tok)
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“My dad got stuck on this ride for hours when he went to Disney World for spring break in the early 70s,” said one TikTok user. “To this day, I can’t stand to hear the song.”
This isn’t even the first ride sinking this year.
According to the new york post, this is the park’s third sinking incident in two years. A few weeks ago, video footage showed guests climbing out of a car on Splash Mountain because it started sinking.
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Lonely Planet unveils the Ultimate Australia Travel List
It’s barely been three days since the Tour de France Femmes wrapped up atop the Planche des Belles Filles. Is that too early to start thinking about next year’s race?
Maybe, but one person who 2023 on their mind already is yellow jersey winner Annemiek van Vleuten, and the 39-year-old has some notes.
Naturally, as the Olympic time trial champion, she would like to see a race against the clock included. But aside from that, one thing she has been vocal about is her desire for her to race up an iconic Tour climb like Alpe d’Huez.
“Actually I would hope, because next year will be the last year [for Van Vleuten, who is retiring], that we can maybe have Alpe d’Huez,” she told the press after her win. “Being Dutch, that would be super cool to have that back. Also, in the history of the Tour de France Femmes it was also a big battle on the Alpe d’Huez. So it would be really cool to have that back.”
Such mountains would give, and possibly take away. Some have argued that the Dutch rider’s style of racing and strength in the high mountains would seem to create a certain inevitability around her taking the win, yet the Tour can not truly be the Tour without such icons.
It is possible, even probable, that Van Vleuten would run away so emphatically with the win that it would make a mild mockery of the rest of the bunch. Much as she did on stage seven this year. But Van Vleuten’s dominance of her, while more predictable than some would like, is elevating the level of those who are coming up behind her.
To put it simply, she deserves a shot at Alpe d’Huez.
The iconic Dutch corner. Photo: Gruber Images
Van Vleuten has unequivocally confirmed her retirement at the end of 2023. Her career spans 14 years and myriad achievements of a stature that most riders can only dream of. She is also the master of the comeback. From her horror crash in the road race in Rio to standing on the podium in Tokyo with silver in the road race and gold in the time trial.
Even during the Tour de France, she went from battling a stomach bug that left her barely able to pack her own suitcase to attacking after 60km and winning by a margin of 3 minutes and 26 seconds on the first of two back-to-back mountain stages.
Such is her longevity that she has won Flanders twice, ten years apart. She is a two-time world road race champion and two-time time trial world champion.
She says the span of her career and her age are the keys to her success. At the Tour de France Femmes, when faced with questions around just how she manages to do as she does, her message from ella to fans and colleagues alike was “do n’t try this at home.”
“I’m a bit older than the other girls, so can do a lot of training,” Van Vleuten said after winning stage seven. “I want to make something clear. It’s not that my colleagues don’t train as much as I do. It has something to do with training years.”
When the going gets tough, Van Vleuten thrives. She pulls off crazy and gutsy moves such as riding away from the peloton after 45km at the world championships in Yorkshire in 2019 never to be seen again. Moves which, while they may leave people groaning that she has neutralized the race, are incredible feats of athleticism and must be celebrated as such.
As of last weekend, she is the first woman to do the Giro-Tour double for 22 years and she already threw down the gauntlet for the Vuelta in her post-race press conference on Sunday.
Outside of racing, Van Vleuten has long been a vocal advocate for her sport and is keen to emphasize the need to enjoy riding when racing for a living. Having witnessed 14 years of development within women’s cycling, she is as experienced as anyone in the progress that has been made, and what is still missing.
Her aim for 2023, she has stated, is to play a role in the growth of her team, Movistar, in order to leave a legacy of professionalism.
She, like many others, will have dreamed of flying up the famous switchbacks of Alpe d’Huez one day, possibly wearing yellow, definitely on her way to winning the stage. In the closing season of such a monumental career, it is only fitting that she should be afforded the chance to live out that dream.
When she retires she will leave a legacy, and a gaping hole at the top of the sport. The competition to fill that hole will be fierce. That’s the Annemiek effect, she brings up the quality of the entire platoon as they strive to solve the conundrum of how to beat her.
She has blazed a trail for those riders who might be just one or two switchbacks behind her. They will have plenty of time to catch up to her elevation de ella after 2023 but for now it is still the Age of Annemiek and to watch her own de ella the race on the closest thing to a stadium our sport has would be a fitting end to a fantastic career.
NSW Transport Minister David Elliott says he will nominate for the deputy leadership of the Liberal party to support an “under the pump” premier after the position was vacated by embattled former minister Stuart Ayres.
Elliott is set to take on Treasurer Matt Kean in the contest for the role after the former trade minister resigned on Wednesday over his potential involvement in the John Barilaro trade job fiasco.
Transport Minister David Elliott is seeking to become deputy Liberal leader in NSW.Credit:Brook Mitchell
Skills and Science Minister Alister Henskens and Metropolitan Roads Minister Natalie Ward are also contenders for the position, which will be decided in a party room vote next Tuesday.
The transport and veterans affair minister – who is also one of the government’s most outspoken ministers – on Thursday said he was “very sad to see” that Ayres had to stand down in the circumstances and was only reluctantly offering to take his place.
“He’s been a superior servant to the party, he’s a great member for Penrith, and he’s been a wonderful minister for Western Sydney… It’s one of those occasions where I don’t put my name forward, or I don’t canvasses support, out of excitement or enthusiasm,” Elliott said on radio station 2GB on Thursday morning.
“The premier’s under the pump at the moment. The easiest thing for people to do at the moment, I think, is to walk away or to keep their head down because, you know, the premier is dealing with a number of difficult issues.
“But that’s just not my style. If a mate needs a hand, I’m putting mine up to give him that assistance.”
Premier Dominic Perrottet’s government has faced rolling crises since Barilaro was appointed to a plum $500,000-a-year trade posting in late June. Perrottet lost two ministers to scandal this week alone: former fair trading minister Eleni Petinos amid bullying allegations, as well as Ayres.
The first python Siewe nabbed measured more than 10 feet. “I caught it by myself, wearing flip-flops,” Siewe said, noting she found it in the middle of a Florida highway.
She disoriented the snake by placing a pillowcase over its head, then put the snake in the trunk of her Camry.
The largest python Siewe has caught was 17 feet, 3 inches, and weighed 110 pounds.
“I jumped on her in a ditch on the side of the road, all 17 feet of her,” Siewe said. “She had the biggest snake head I had ever seen. That was a real battle of strength.”
Among those facing off against Siewe in this year’s Florida Python Challenge: fellow professional python hunter, and defending challenge champion, Dusty Crum. A Florida native, Crum, 42, snagged the longest python in the competition’s professional category last year, catching a 16-foot python. In 2016, he was part of a three-man team that took top honors in the challenge, catching 33 pythons.
“A lot of it is luck, but it’s also about being in the right place at the right time,” Crum said. “It’s anybody’s game.”
Snake hunters use a variety of equipment to get the job done, ranging from snake hooks to special carry bags to an array of lights that can spot the reptiles in the dark of night.
To prepare for this year’s challenge, Crum is employing his carefully curated collection of snake-catching technology.
“When it comes to the challenge, it’s guns blazing,” Crum said. “I’m trying to utilize all my equipment: little geo-trackers, four-wheelers. I’ve got swamp buggies, monster trucks with big tires on them. We outfit those with lights on and I’ll be able to access places the general public can’t get to.”
Dusty Crum holds a snake in Florida in 2017.Courtesy Lisette Morales McCabe
Python hunting, Crum and Siewe said, is not for the faint of heart. While pythons aren’t venomous, they are powerful—and known to bite.
“They’ve got hundreds of teeth, and when they bite you it’s like needle pricks,” Crum said. “The worst thing that can happen is when the tooth breaks off and gets stuck in you, and it gets infected.”
Siewe said she’s been bitten too many times to count. “A 14-footer bit me on my hand. I’ve been bitten on my butt, on my calf. Thankfully, I haven’t been bitten on my face.”
Like Crum, Siewe says she works to repurpose portions of the pythons she catches. “I use the leather to make Apple watch bands,” she said.
Crum and Siewe both say they’re “in it to win it” when it comes to this year’s challenge.
Neither plan on getting much sleep during the competition, as pythons are nocturnal, meaning the best time for hunting is late at night.
Still, they said, the real goal of the challenge has less to do with any individual victories they might score, and far more to do with the greater cause both say they’re fighting — and hunting — for.
“This isn’t a trophy hunt or a sport hunt,” Crum explains. “This is an environmental hunt. It’s hunting to save our environment. It’s a special feeling when it’s man versus beast, fighting for the environment.”
No humans in the US have been killed by pythons, but plenty of pets have, and wildlife officials worry pythons will destroy entire populations of Florida native species if they’re not stopped. Among the mammals in the Everglades that pythons are decimating: marsh rabbits, raccoons, foxes, deer and bobcats.
“The Burmese python is one of the largest snakes in the world, capable of reaching 20 feet long, and because of our climate the pythons are able to thrive in Florida by preying on our wildlife,” Kirkland said. “In some regions of Florida, up to 95% of fur-bearing animal populations have disappeared.”
The pythons are even eating Florida alligators.
Python incentives and education specialist Robert Edman demonstrates how to catch a python during an event promoting the Florida Python Challenge on Dec. 5, 2019.Al Diaz/Miami Herald via Getty Images file
“The pythons are generalists,” said McKayla Spencer, Florida’s Interagency python management coordinator. “They’ll eat anything.”
Pythons made their first appearance in the Everglades in the 1970s, likely a result of a pet snake being released into the wild, but the population did not explode until the 1990s.
That’s when Hurricane Andrew struck Florida, destroying, among other things, several python breeding facilities. Kirkland said there’s no definitive proof that the destruction of breeding farms is responsible for the explosion of Florida’s python population. “But it didn’t help,” I acknowledged.
There’s no official estimate of how many pythons there are in Florida, owing to their stealth nature.
“They are very hard to find,” Spencer said. “For every one python we find, there are 99 more out there.”
Increasingly, Spencer said, pythons are showing up in people’s yards and boats, as the snakes literally swallow more and more Florida territory.
That’s where human hunters come in.
“I have always had this obsessive fascination with snakes and reptiles since I was little and my dad taught me to catch fish,” Siewe said. “I thought, ‘Why isn’t this passion [for] puppies or kittens or something normal?’ It’s not — it’s snakes.”
The costs and timing of new emissions regulations may kill plans for a next-generation Volkswagen Golf, due in 2027.
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There may not be another volkswagen golf – one of Europe’s best-selling cars – if new emissions regulations prove too expensive to meet, too soon.
Speaking to German publication weltnew Volkswagen CEO Thomas Schafer said a decision will be made on whether to develop a ninth-generation Golf within the next 12 months.
“We will have to see whether it is worth developing a new vehicle that does not last the full seven or eight years [before emissions regulations force a switch to electric power],” Schafer said.
Developing a car with a short lifespan is “extremely expensive”, the executive said, adding: “We will know more in twelve months.”
The current Volkswagen ‘Golf 8’ launched in Europe at the end of 2019, before production ramped up in 2020 – so if Schafer’s suggested seven to eight-year life cycle is followed, the Golf 9 is not due in European showrooms until sometime in 2027 .
If the car is launched at the end of 2027, that would leave seven years before the European Union plans to ban the sales of petrol and diesel cars – and five years before Volkswagen’s earliest target date to go fully electric, from 2033.
In the meantime, a facelifted version of the current Golf 8 is in development, Schafer says – which may arrive next year, or in 2024, based on the timing of mid-life updates for other Volkswagen models.
Schafer’s comments indicate Volkswagen has taken a step back from its announcement in early 2021, when it confirmed plans for a new Golf were underway, powered by a plug-in hybrid system offering up to 100km of claimed electric range.
“We will still need combustion engines for a while, but they should be as efficient as possible, which is why the next generation of our core products – all of which are world models – will also be fitted with the latest generation of plug-in hybrid technology, with an electric range of up to 100 kilometres”, former VW passenger cars boss Ralf Brandstätter said at the time.
While they may not be required to go electric-only until mid next decade, European car makers have signaled the difficulty in developing new small cars beyond 2025 – for a profit, and at a price point attractive to a consumer.
This is attributed to the cost in developing engines to meet the latest Euro 7 emission rules – and the size of the battery pack required to achieve a long electric driving range and lower CO2 emissions ratings.
Instead, car brands are targeting fully-electric power for their next small cars – which are planned to become more affordable as battery costs come down, while emitting zero emissions (from the car itself, at least).
If the Golf is axed, Volkswagen would join a range of other car makers ditching their iconic small-car nameplates, irrespective of powertrain.
The Ford Focus and Renault Megane look unlikely to get new generations – as SUVs increase in popularity – while reports suggest the Hyundai i30 and Mercedes-Benz A-Class will not be replaced.
The Peugeot 308 is safe with petrol and hybrid power until around 2028 or 2029 – while a new Audi A3 is planned, but with full battery power.
Volkswagen’s range of ID electric vehicles currently contains a Golf-sized hatchback, the ID.3 – though it will expand from 2025 with a smaller electric city car sized similarly to a Polo.
The small Volkswagen – now indicated to wear the ID.2 badge – will form part of a project led by VW’s Spanish subsidiary Cupra, and will spawn four similarly-sized twins under the skin: the VW ID.2, the Cupra UrbanRebel, a version from Skoda, and according to welta second Volkswagen model.
Volkswagen was previously said to be targeting a base price below €20,000 ($AU29,600) – however this has seemingly increased to €25,000 ($AU37,000) amid rising material and production costs, based on Schafer’s comments.
“We plan to offer the ID.2 for less than 25,000 euros. In three years’ time, that will be a super attractive price for an electric vehicle,” said Schäfer, adding that the 350km to 400km claimed ranges the new cars will offer is “the psychological sell point at the moment.”
The executive has ruled out the return of budget-priced €10,000 ($AU15,000) petrol-powered micro cars, as the cost to build petrol engines to meet Euro 7 emissions standard in force from 2025 is €3000 to €5000 ($ AU4400 to $AU7400) than it is today.
“With a small car, these additional costs can hardly be absorbed. So entry-level mobility with combustion engines will be significantly more expensive,” Schafer said. “[But] individual mobility is a basic need and must remain achievable in the future.”
Volkswagen Australia’s electric vehicle rollout is expected to begin next year, with the ID.4 and ID.5 mid-size SUVs. Sister brand Cupra is due to launch its version of the VW ID.3, the Cupra Born, early next year.
Alex Misoyannis has been writing about cars since 2017, when he started his own website, Redline. He contributed for Drive in 2018, before joining CarAdvice in 2019, becoming a regular contributing journalist within the news team in 2020. Cars have played a central role throughout Alex’s life, from flicking through car magazines as a young age, to growing up around performance vehicles in a car-loving family.
Jennifer Coolidge has revealed she’s slept with 200 people due to her infamous role in the 1999 movie american piereports the new york post.
While she’s also known for her role in Legally Blonde and most recently in white lotusthe 60-year-old told Variety that american pie brought her more satisfaction than just fame.
“I got a lot of play at being a MILF and I got a lot of sexual action from ‘American Pie,’” she said. “There were so many benefits to doing that movie. I mean, there would be like 200 people that I would never have slept with.”
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While she’s played similar characters since “Stifler’s Mum,” her role as Tanya McQuoid in white lotus has earned her a first Emmy nomination and a fast pass to the second season as the only main character who got the part sans audition.
“Some jobs, I’m sort of going, ‘Wow, this isn’t worth working for.’ Mike [White] wrote, I was staying up late every night,” Coolidge admitted, referring to the white lotus creator who convinced her to be a part of the series.
In fact, the actress revealed she nearly talked herself out of playing the part. Now, she’s gearing up for its sophomore season, which airs in October 2022.
“I have done one thing really right in my life,” she said. “I’ve picked great friends. If Mike was never successful, and we just did ‘White Lotus’ as a play in a little theater where everyone paid 10 bucks to see it, it would still be one of the greatest things that ever happened to me. Because it was a killer job that no one else thought I could do.”
The HBO series is shot entirely in a single location — the first season being set in Hawaii, and the second set in Italy — due to the uncertainty of the pandemic. Coolidge’s character of her, so it seemed, was written perfectly for her.
“Whenever I’m lying in bed thinking about what I want to make Jennifer do, I know it’s something that she would not want to do,” White dished, nodding to the actress’ willingness to do just about anything on set. “One minute, she seems fragile, like it’s all going to fall apart, and the next minute she’s sturdy and doing hilarious riffs. Just when you think all hope is lost, she knocks it out of the park.”
White’s chance on Coolidge brought her out of her “obtuse” reputation and entered her into the role of “den mother” — and her remodelled image has bought her more opportunity despite her decades in the business.
“Maybe I got this special attention because people saw me as Stifler’s mum or the Legally Blonde woman. So if they see something else…” she said, which proved to be true.
“People that I could never get in the door — all of a sudden they’re asking me to be part of their things.”
This article originally appeared in the New York Post and was reproduced with permission.
Brisbane has reportedly emerged as a genuine contender to sign Sydney champion Lance Franklin.
According to Wide World of SportsFranklin has informed the Swans that he will depart the club at the end of the 2022 season.
The report also says Franklin and his wife Jesinta are keen to move north for family reasons.
The out-of-contract 35-year-old is yet to agree on a new deal with the Swans.
Sydney CEO Tom Harley has told sports day co-host and Swans champion Gerard Healy that the Franklin report is “news to him.”
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“It worries me that Tom Harley isn’t quoted, and it worries me that he’s said that he’s informed the Swans – because he hasn’t informed the Swans,” Healy said on sports day.
“That’s all I know. If this is true, he hasn’t informed the Swans.
“That element of it is untrue which then tends to tell me that most of it’s untrue.
“Tom Harley says it’s news to him. I just spoke to Tom. He said, ‘news to him’.
“If he has (told the Swans), he must’ve told the boot-studder because he hasn’t told the CEO.
“He hasn’t heard that, so it puts a question mark on that story.
“If may well prove to be right, but elements of it right now are wrong.”
Franklin has booted 1036 goals across a decorated 335-game career.
The four-time Coleman Medalist has kicked 41 goals from 17 games in 2022.
“Hey MG. Attached is the proposed agreement between [the donor] and Catchy Media Marketing and Management,” Catlin wrote to Guy’s private Hotmail address. “It’s as per the original email agreement between you and me. Can I leave you to forward onto him?”
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Guy said he did not forward the email to the donor, that no payment was made, and no contract was signed. He said Catlin stood down to “maintain the perception of integrity.”
“Mitch stood down because we want to maintain the perceptions are right, that there is nothing that could be incorrect, even though nothing was signed, nothing agreed,” Guy said.
“[It’s] totally different from the government who robbed and stole and thieved. I will not be read to by some corrupt government.”
The opposition leader refused to answer detailed questions about the integrity crisis engulfing his party less than four months from the state election, saying he would not comment because the government had referred the matters to integrity agencies and Victoria Police.
Several members of shadow cabinet told The Age they were unconvinced by Guy’s reassurances that the scandal was finished.
“We are all waiting to see what comes next,” one backbench MP said, speaking to The Age on the condition of anonymity.
Federal MPs from Victoria met on Wednesday evening for a pre-arranged dinner at which Catlin’s resignation and the resulting political damage were discussed, according to several sources in attendance.
One MP said Guy would likely remain in his role, but federal Liberals shared the concerns of their state colleagues that more issues might arise before the election.
The Independent Broad-based Anti-corruption Commission (IBAC) on Thursday said it had received a complaint from the government.
“Every complaint IBAC receives is assessed in accordance with the IBAC Act to determine whether we will investigate it, refer it to another organization for investigation, or dismiss it,” an IBAC spokesman said.
“IBAC will be making no further comment on this matter at this stage.”
Premier Daniel Andrews refused to be drawn on his government’s complaints to the integrity agencies, but senior government minister Danny Pearson said Guy needed to “answer fundamental questions about what’s occurring in his office”.
He called on Catlin to release an audited copy of Catchy Media Marketing and Management’s financial statements to make public what, if any, payments he was receiving.
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“Since 2014 when Matthew Guy first became leader of the opposition, he’s portrayed himself to be the prince of probity, yet he cannot or will not answer fundamental questions about what’s occurring in his office,” Pearson said.
Meanwhile, long-standing Liberal campaigner Simon Frost had been seen as a frontrunner to replace Catlin. However, the ally of former federal treasurer Josh Frydenberg will not become Guy’s new chief of staff and will likely take up a role in the private sector.
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CVS, Walgreens birth control policies underscore Supreme Court’s sway
Experts said the Supreme Court may be poised to revisit a standard set in 1977 on how far employers must go to accommodate a worker’s religious beliefs.
Federal law requires employers to make “reasonable” accommodations for workers’ religious beliefs.
Legal experts say the policies embraced by drugstore chains appear to align with the law.
Debate over the issue has intensified since the Supreme Court overruled Roe v. Wade in June.
WASHINGTON – The nation’s largest drugstore chains have come under scrutiny in recent weeks for policies that allow pharmacists to refuse to dispense birth control if doing so conflicts with their religious or moral beliefs.
For the most part, experts say, the law is on their side.
Title VII of the Civil Rights Act of 1964 requires companies to accommodate workers’ religious beliefs as long as the request doesn’t create an “undue hardship” on an employer. Just how far employers must go is open to debate – but the Supreme Court has repeatedly signaled an interest in expanding religious rights, not limiting them.
“VW wants the capital to electrify their business and Porsche is on an electrification journey,” he says.
“We didn’t need to convince VW and Porsche to do the deal. They decided to do it.
“Then we pitched for it. They had a beauty parade and a big component of the equity story is going to be about electrification and the leadership that Porsche is showing to demonstrate that they will win the race to electrification.
‘You win… because you’ve been consulting’
“This is one example of the sort of transactions that my team and I will be actively involved in. Most of the IPOs we’re now doing these days, there’s a big energy or ESG component.”
Tuffley cringes when asked if investment bankers working in sustainability have to become more like consultants than bankers, given some companies need to be convinced of the merits of decarbonisation.
“You won’t find any bankers saying, ‘Oh, we’re consultants,’” he says. “They’ll say, ‘We’re dealing doers, we are bankers – consulting is for those other guys.
“But the reality is any good M&A banker has got to be taking ideas from clients constantly to win the deal. You can’t wait for the phone to ring.
“You’ve got to be out there, speaking to CEOs. You take them ideas, and give them advice on what they should be doing.
“You take them ideas on an acquisition or demerger or whatever it is. You win the transaction because you’ve been consulting.”
When Tuffley spoke to Chanticleer in April 2019 he had just been hired by Citi to provide advice to CEOs, chief financial officers and boards on transitioning their businesses towards net zero emissions.
At that time, he was adamant one of the growth areas for banking advice and transactions would be agriculture and food.
However, the majority of companies in these two sectors of the global economy have not been part of the wave of corporate commitments to net zero carbon emissions by 2050.
The agriculture challenge
Tuffley shares some compelling statistics that highlight the challenge facing the agriculture and food sector.
He says research by Citi analysts shows that food production accounts for a third of global greenhouse gas (GHG) emissions and yet about a third of food produced for human consumption is either lost or wasted – an annual loss of $US1 trillion.
He says eating habits will have to change given that every gram of protein from beef requires 20 times more land and emits 20 times more GHG emissions than do beans.
Demand for animal-based food is expected to rise by 80 per cent between 2006 and 2050, with beef consumption increasing by 95 per cent.
Citi calculated that agriculture and food production use 70 per cent of global freshwater and are responsible for 80 per cent of deforestation. Also, the pace of degradation of land has accelerated, reaching 30 to 35 times the historical rate.
Tuffley says the agriculture and food sectors have been “laggards” when it comes to carbon reduction, but he does not blame the sectors’ leaders.
“I think it’s all of us who haven’t really listened to the science and elevated it to the same level that we’ve been so focused on in energy,” he says.
“Food and agriculture is even more complex than energy because we’re emotionally tied to food.
“Changing human behavior is hard. And, you actually don’t know what damage is being done in the preparation of food because it’s very hard to measure the greenhouse gas emissions.”
Tuffley says the growth of his division is a tribute to his boss Manolo Falco, who is Citi’s global co-head for banking, capital markets and advisory, and the fact that most global corporations are progressive about carbon reduction.
“For example, Total in France are very progressive – we don’t have to convince them about energy transition, they’re already doing it. What we have to do is help them to execute it,” he says.
Unique claim to fame
“In other parts of the world, we have to convince the companies – and I won’t name them – that this is actually important because their business model won’t exist in 30 years’ time.”
Tuffley, who oversaw the merger of the Australian operations of Goldman Sachs and JBWere in 2003, has a unique claim to fame in investment banking circles.
After the merger with JBWere, he was given the license by Goldman Sachs CEO Hank Paulson in New York to go on a hiring spree for up-and-coming bankers.
This was the catalyst for the hiring of six bankers who went on to be heads of investment banking.
I have hired Tony Osmond, who later became head of corporate and investment banking at Citi; Christian Johnston, who went on to head investment banking at Goldman Sachs; Paul Uren, who is now JPMorgan’s co-head of global investment banking in the Asia-Pacific; Nick Sims, who is co-head of investment banking at Goldman Sachs for Australia and New Zealand; Joe Fayyad, who is CEO and Australia country executive for Bank of America; and James McMurdo, the former head of Deutsche Bank’s corporate and investment Bank for Asia-Pacific.
Other deals the Citi team have worked on or are working on include the Daimler Mercedes Truck demerger; the IPO of Dubai Electricity & Water Utility; the Harley-Davidson/Livewire de-SPAC; to Rhino $150 million Conservation Bond; the $US80 billion Nubank IPO, the Hyzon de-SPAC (an electric/hydrogen trucks business); and the Li-Cycle Holdings de-SPAC (a battery technologies company).
