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Meet the small business owners electrifying Maine’s rural coast

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Sunday, September 21, 2025

On a sunny, 85-degree day in August of 2025, some 9,300 oysters were loaded into ice-filled containers on southern Maine’s Casco Bay. The boat shuttling them from the warm, shallow waters of Recompense Cove to the marina two miles away hummed quietly. Notably missing: the roar of an engine and the smell of diesel.  Heron, the boat in question, is a 28-foot aluminum vessel that runs on two 100 percent electric outboards, the motors that hang off of small and medium-sized boats. It’s one of the first commercial workboats in the United States to use electric outboards. The vessel officially splashed into the waters of South Freeport, Maine, on July 17, 2025. The moment, though, had been years in the making. It required a coalition of industry-wide partners, a $500,000 U.S. Department of Energy (DOE) grant, and at least that much in matching funds from the operating businesses’ cost share agreement and philanthropic investments through the Rockland, Maine-based Island Institute, the Maine Technology Institute, and others. Altogether, the $1 million private-public investment covers Heron’s $425,000 sticker price and the costs to install two high-capacity shoreside chargers. A portion of these funds also supports data collection and research to assess the viability of electric technology in the greater aquaculture industry.  Willy Leathers is the director of farm operations and owner of Maine Ocean Farms, the mid-size aquaculture business that operates this particular boat. The 10-acre plot he and farm co-founder Eric Oransky tend to on Recompense Cove holds about 3 million oysters. The two farmers are among a growing group of small business owners on the cutting edge of marine innovation along rural and remote parts of Maine’s coast. They’ve been in operation together just shy of a decade, and have seen the aquaculture industry spring up around them in the coves and small islands that make up Casco Bay. Beyond the bay is the wide-open Gulf of Maine, which has been documented as one of the world’s fastest-warming bodies of water. Between 2004 and 2016, it warmed more quickly than 99 percent of the global ocean, a trend scientists attribute to climate change caused by humans burning fossil fuels.  For Leathers and Oransky, there’s a connection between electrifying operations and transitioning away from the fossil fuels that have impacted their home waters. But beyond reducing environmental impact, the farmers say there’s another motivator: being a good neighbor. One feature of replacing traditional gas and diesel-powered outboards is that the electric versions are quieter. “Our boats are our workplaces,” said Leathers. “We’re out there for eight hours a day, five days a week, so reducing noise and reducing on-site emissions is a goal of not only improving the workplace but also improving our potential impact on the environment around us, whether in an ecological sense or a community sense.” Staying in the community’s good graces is essential for a business that operates year-round in close quarters with at least a dozen other farms, as well as traditional fisheries and shorefront landowners.  By the winter, Leathers and his crew expect to load between 10,000 and 15,000 oysters onto Heron each day they harvest. When the temperatures drop, they’ll no longer need containers filled with ice to keep the oysters cool. What the farmers don’t know is how the technology in their new battery-powered boat will fare in these cold, salty conditions. Part of their mission, and the DOE grant agreement, is to find out. “There’s a great proving ground here, of saying if this technology is going to develop, this is a place where it’s going to be put through its paces,” Leathers said.  A tractor for the sea A few miles down the coast, Chad Strater cruised up the Cousins River in Yarmouth, Maine on his 26-foot, all-electric workboat. He was headed to the Sea Meadow Marine Foundation, a nonprofit waterfront facility he co-owns and is actively transforming into what he calls an “aquaculture innovation hub.”  Since its launch last fall, Strater has used his electric boat almost daily for the marine construction work he does with his own business, the Boat Yard, and with partner Shred Electric, a startup that replaces gas generators with batteries to power sea farm equipment. Both the Boat Yard and Shred Electric share space at the Sea Meadow Marine Foundation’s Yarmouth facility. Strater’s boat has one battery-powered outboard that can haul equipment to sea farms and other marine businesses within a 15 mile radius on Casco Bay. Nick Planson, Shred Electric’s CEO and Strater’s business partner, said the two were impressed by the boat’s performance during the winter. The switch to an electric outboard was born of necessity, Strater said. When using a gas-powered boat, he’d lose fuel from idling and maneuvering the boat around work sites. Now, Strater’s success with the electric boat doubles as a model for others in the marine industry, like sea farmers, who are curious about making a switch.  Maine Ocean Farms owner Willy Leathers (left) handles what he calls “product”: three year old oysters ready for market. Fellow farmer and co-founder Eric Oransky (right) prepares to sort the mesh bag cages where the oysters grow. Julia Tilton / The Daily Yonder “You need the right tools to do the job,” said Strater. “You can’t be out there farming potatoes in a tractor from 1982 and expect to be efficient. So developing tools that make sense for efficiency, for Maine sea farmers, is what we’re doing.” In this early stage of marine electrification, aquaculture operations, or sea farms, are a logical use case, said Lia Morris, the senior community development officer at the Island Institute’s Center for Marine Economy. That’s because farmers have known variables like range, location, capacity, and schedule that tend not to change. Morris is working with Willy Leathers and Maine Ocean Farms on data collection and analysis as they compare their new boat, Heron, to a control: their existing gas-powered workboat.  “It’s almost like writing the case studies,” said Morris. “It’s putting the qualitative and quantitative data on paper and presenting the solution so that people can see how they can replicate it. That’s part of our long game in terms of outboards and commercial adoption.” Still, there are significant hurdles when it comes to scaling up electrification in Maine’s aquaculture industry. Up front, electric boats are anywhere from 20 percent to 30 percent more expensive than gas-powered ones. Once they’re in the water, charging is difficult because Maine’s sea farms are spread across a vast and mostly rural area that is largely unequipped with the charging infrastructure this transition will require.  “It’s the chicken and the egg problem,” Leathers said. “What comes first? You put a charger in and there’s nobody to use it, or you have a bunch of boats waiting to charge, but then nobody wants to invest in the boats because there’s nowhere to charge them.” Uncharted waters Like Leathers’ boat Heron, Strater’s boat was funded in part by federal and philanthropic support, including grants from some of the same institutional partners like Island Institute and Maine Technology Institute. About half of the boat’s cost, which comes in around $100,000, was financed with private investment and loans from the Coastal Enterprises Inc., a community development financial institution that helps Maine’s small businesses access lending.  Strater said the boat’s relatively low cost, about a fourth of the price tag on a boat like Leathers’ Heron, is an important part of the pilot model, since many small business owners can’t foot a several hundred thousand dollar investment up front. He and Planson have worked with the Coastal Enterprises Inc. on a marine green loan program to set up additional financing options apart from federal and philanthropic grant structures. It’s part of Planson’s philosophy to “de-risk” electrification for farmers who want to try the new technology without financial strain. “We’re working towards having all of these solutions be affordable without grant funding,” said Planson.  Chad Strater has been using his electric workboat almost daily since it launched in the fall of 2024. Julia Tilton / The Daily Yonder For now, that’s an uphill climb. In Maine, it comes at a time when marine businesses are already struggling to overcome rising costs associated with working on a rapidly developing coastline. In the early 2000s, nonprofit and government entities in Maine identified a growing risk to the state’s “working waterfront,” a term used to describe the network of access points that marine industries, including the state’s $3.2 billion seafood sector, depend on to make a living. A 2006 report commissioned by the Island Institute found that of Maine’s 3,500 miles of coastline, only 20 miles were dedicated working waterfront space.  The National Oceanographic and Atmospheric Association listed climate change, sea level rise, and real estate development as ongoing threats to Maine’s working waterfront in a 2020 report. Of the state’s remaining 20 miles of working waterfront, NOAA wrote that just eight miles are dedicated for public use. The remaining 12 miles are privately owned and thus vulnerable to residential or commercial development.  Rebecca Rundquist is a board member of the Sea Meadow Marine Foundation, the nonprofit organization focused on protecting Maine’s working waterfront whose marina provides space for Strater and Planson’s electric boat. She said that development along the coast, and in a small town like Yarmouth, affects local food sources and the economy. She sees innovation as a way to “revitalize” communities and generate excitement around the working waterfront at a hyper-local scale. The Island Institute’s Lia Morris (left) is working with Willy Leathers (right) and his crew at Maine Ocean Farms to collect performance data on the electric boat Heron, pictured here charging from a low-capacity shoreside power supply at a slip in South Freeport, Maine. Julia Tilton / The Daily Yonder “Our message is we don’t have a one-size-fits-all. We’re here to show how you work with your community to identify the most important needs with these parcels,” said Runquist. In Yarmouth, the need revolves around aquaculture and electrification. Both Strater’s boat and Heron, the electric vessel operated by Maine Ocean Farms, will soon have access to a higher capacity level two charging station at the Sea Meadow Marine Foundation along the Cousins River. Once it’s installed, the boats will be able to get a full charge in a matter of hours as opposed to the overnight shift they plug in for now. The funding for the station comes from the Island Institute and the Island Institute and the DOE grant that helped build Heron.  While it’s a start, those involved on Casco Bay recognize there’s more progress to be made on charging infrastructure, particularly as businesses up the rural parts of the coast go electric. Island Institute is preparing to release a Shoreline Charging Infrastructure report later this year detailing specific challenges around grid readiness for marine electrification in Maine. “It will be a public resource that people can read and digest and ask questions,” Morris said. “Our goal and hope is really to elevate the conversation around electrification and electric propulsion.” Finding a charge For now, Strater keeps things simple. At the end of his workday, he docked the boat along the Cousins River and headed toward a Ford charger, the same one he uses to charge his all-electric Ford Lightning truck when it’s parked at the marina. The low-capacity level two charger is mounted on a wooden post a few yards from the shore. Strater grabbed a thick charging cable to run back down toward the water, and  a light blinked green on the charger as he plugged the cable into the all-electric outboard, hovering several feet out of the water. The boat would sit there, slowly charging, for the next eight hours.  A Ford charger provides low-capacity charging to the electric outboard on Chad Strater’s boat at the Sea Meadow Marine Foundation in Yarmouth, Maine. Strater can use the same charger to plug in his Ford Lightning electric truck when he’s at the marina. Julia Tilton / The Daily Yonder Usually, the down time isn’t a problem for Strater, who puts in eight-hour workdays on the boat and then leaves it overnight to charge. In the instance he does need a quick fill, he can tow the boat over land with his Ford Lightning to a Tesla fast charger off the nearby interstate. At the front edge of innovation, it’s this kind of creativity that makes Morris excited about the future of electric boat adoption in the region. “Mainers are scrappy and, you know — rural context — people figure out how to make things work,” Morris said. Reporting for this article was made possible by the Guerry Beam Memorial Reporting Grant award from the Institute for Journalism and Natural Resources. This story was originally published by Grist with the headline Meet the small business owners electrifying Maine’s rural coast on Sep 21, 2025.

In Casco Bay’s remote waters, electric workboats and the aquaculture innovators who operate them are putting marine electrification to the test.

On a sunny, 85-degree day in August of 2025, some 9,300 oysters were loaded into ice-filled containers on southern Maine’s Casco Bay. The boat shuttling them from the warm, shallow waters of Recompense Cove to the marina two miles away hummed quietly. Notably missing: the roar of an engine and the smell of diesel. 

Heron, the boat in question, is a 28-foot aluminum vessel that runs on two 100 percent electric outboards, the motors that hang off of small and medium-sized boats. It’s one of the first commercial workboats in the United States to use electric outboards. The vessel officially splashed into the waters of South Freeport, Maine, on July 17, 2025. The moment, though, had been years in the making. It required a coalition of industry-wide partners, a $500,000 U.S. Department of Energy (DOE) grant, and at least that much in matching funds from the operating businesses’ cost share agreement and philanthropic investments through the Rockland, Maine-based Island Institute, the Maine Technology Institute, and others. Altogether, the $1 million private-public investment covers Heron’s $425,000 sticker price and the costs to install two high-capacity shoreside chargers. A portion of these funds also supports data collection and research to assess the viability of electric technology in the greater aquaculture industry. 

Willy Leathers is the director of farm operations and owner of Maine Ocean Farms, the mid-size aquaculture business that operates this particular boat. The 10-acre plot he and farm co-founder Eric Oransky tend to on Recompense Cove holds about 3 million oysters. The two farmers are among a growing group of small business owners on the cutting edge of marine innovation along rural and remote parts of Maine’s coast. They’ve been in operation together just shy of a decade, and have seen the aquaculture industry spring up around them in the coves and small islands that make up Casco Bay. Beyond the bay is the wide-open Gulf of Maine, which has been documented as one of the world’s fastest-warming bodies of water. Between 2004 and 2016, it warmed more quickly than 99 percent of the global ocean, a trend scientists attribute to climate change caused by humans burning fossil fuels. 

For Leathers and Oransky, there’s a connection between electrifying operations and transitioning away from the fossil fuels that have impacted their home waters. But beyond reducing environmental impact, the farmers say there’s another motivator: being a good neighbor. One feature of replacing traditional gas and diesel-powered outboards is that the electric versions are quieter.

“Our boats are our workplaces,” said Leathers. “We’re out there for eight hours a day, five days a week, so reducing noise and reducing on-site emissions is a goal of not only improving the workplace but also improving our potential impact on the environment around us, whether in an ecological sense or a community sense.”

Staying in the community’s good graces is essential for a business that operates year-round in close quarters with at least a dozen other farms, as well as traditional fisheries and shorefront landowners. 

By the winter, Leathers and his crew expect to load between 10,000 and 15,000 oysters onto Heron each day they harvest. When the temperatures drop, they’ll no longer need containers filled with ice to keep the oysters cool. What the farmers don’t know is how the technology in their new battery-powered boat will fare in these cold, salty conditions. Part of their mission, and the DOE grant agreement, is to find out.

“There’s a great proving ground here, of saying if this technology is going to develop, this is a place where it’s going to be put through its paces,” Leathers said. 

A tractor for the sea

A few miles down the coast, Chad Strater cruised up the Cousins River in Yarmouth, Maine on his 26-foot, all-electric workboat. He was headed to the Sea Meadow Marine Foundation, a nonprofit waterfront facility he co-owns and is actively transforming into what he calls an “aquaculture innovation hub.” 

Since its launch last fall, Strater has used his electric boat almost daily for the marine construction work he does with his own business, the Boat Yard, and with partner Shred Electric, a startup that replaces gas generators with batteries to power sea farm equipment. Both the Boat Yard and Shred Electric share space at the Sea Meadow Marine Foundation’s Yarmouth facility. Strater’s boat has one battery-powered outboard that can haul equipment to sea farms and other marine businesses within a 15 mile radius on Casco Bay. Nick Planson, Shred Electric’s CEO and Strater’s business partner, said the two were impressed by the boat’s performance during the winter.

The switch to an electric outboard was born of necessity, Strater said. When using a gas-powered boat, he’d lose fuel from idling and maneuvering the boat around work sites. Now, Strater’s success with the electric boat doubles as a model for others in the marine industry, like sea farmers, who are curious about making a switch. 

Maine Ocean Farms owner Willy Leathers (left) handles what he calls “product”: three year old oysters ready for market. Fellow farmer and co-founder Eric Oransky (right) prepares to sort the mesh bag cages where the oysters grow. Julia Tilton / The Daily Yonder

“You need the right tools to do the job,” said Strater. “You can’t be out there farming potatoes in a tractor from 1982 and expect to be efficient. So developing tools that make sense for efficiency, for Maine sea farmers, is what we’re doing.”

In this early stage of marine electrification, aquaculture operations, or sea farms, are a logical use case, said Lia Morris, the senior community development officer at the Island Institute’s Center for Marine Economy. That’s because farmers have known variables like range, location, capacity, and schedule that tend not to change. Morris is working with Willy Leathers and Maine Ocean Farms on data collection and analysis as they compare their new boat, Heron, to a control: their existing gas-powered workboat. 

“It’s almost like writing the case studies,” said Morris. “It’s putting the qualitative and quantitative data on paper and presenting the solution so that people can see how they can replicate it. That’s part of our long game in terms of outboards and commercial adoption.”

Still, there are significant hurdles when it comes to scaling up electrification in Maine’s aquaculture industry. Up front, electric boats are anywhere from 20 percent to 30 percent more expensive than gas-powered ones. Once they’re in the water, charging is difficult because Maine’s sea farms are spread across a vast and mostly rural area that is largely unequipped with the charging infrastructure this transition will require. 

“It’s the chicken and the egg problem,” Leathers said. “What comes first? You put a charger in and there’s nobody to use it, or you have a bunch of boats waiting to charge, but then nobody wants to invest in the boats because there’s nowhere to charge them.”

Uncharted waters

Like Leathers’ boat Heron, Strater’s boat was funded in part by federal and philanthropic support, including grants from some of the same institutional partners like Island Institute and Maine Technology Institute. About half of the boat’s cost, which comes in around $100,000, was financed with private investment and loans from the Coastal Enterprises Inc., a community development financial institution that helps Maine’s small businesses access lending. 

Strater said the boat’s relatively low cost, about a fourth of the price tag on a boat like Leathers’ Heron, is an important part of the pilot model, since many small business owners can’t foot a several hundred thousand dollar investment up front. He and Planson have worked with the Coastal Enterprises Inc. on a marine green loan program to set up additional financing options apart from federal and philanthropic grant structures. It’s part of Planson’s philosophy to “de-risk” electrification for farmers who want to try the new technology without financial strain.

“We’re working towards having all of these solutions be affordable without grant funding,” said Planson. 

A man in a white shirt and panama hat stands aboard a small boat
Chad Strater has been using his electric workboat almost daily since it launched in the fall of 2024. Julia Tilton / The Daily Yonder

For now, that’s an uphill climb. In Maine, it comes at a time when marine businesses are already struggling to overcome rising costs associated with working on a rapidly developing coastline.

In the early 2000s, nonprofit and government entities in Maine identified a growing risk to the state’s “working waterfront,” a term used to describe the network of access points that marine industries, including the state’s $3.2 billion seafood sector, depend on to make a living. A 2006 report commissioned by the Island Institute found that of Maine’s 3,500 miles of coastline, only 20 miles were dedicated working waterfront space. 

The National Oceanographic and Atmospheric Association listed climate change, sea level rise, and real estate development as ongoing threats to Maine’s working waterfront in a 2020 report. Of the state’s remaining 20 miles of working waterfront, NOAA wrote that just eight miles are dedicated for public use. The remaining 12 miles are privately owned and thus vulnerable to residential or commercial development. 

Rebecca Rundquist is a board member of the Sea Meadow Marine Foundation, the nonprofit organization focused on protecting Maine’s working waterfront whose marina provides space for Strater and Planson’s electric boat. She said that development along the coast, and in a small town like Yarmouth, affects local food sources and the economy. She sees innovation as a way to “revitalize” communities and generate excitement around the working waterfront at a hyper-local scale.

A man and a woman stand on a dock next to a small boat in front of a forest
The Island Institute’s Lia Morris (left) is working with Willy Leathers (right) and his crew at Maine Ocean Farms to collect performance data on the electric boat Heron, pictured here charging from a low-capacity shoreside power supply at a slip in South Freeport, Maine. Julia Tilton / The Daily Yonder

“Our message is we don’t have a one-size-fits-all. We’re here to show how you work with your community to identify the most important needs with these parcels,” said Runquist.

In Yarmouth, the need revolves around aquaculture and electrification. Both Strater’s boat and Heron, the electric vessel operated by Maine Ocean Farms, will soon have access to a higher capacity level two charging station at the Sea Meadow Marine Foundation along the Cousins River. Once it’s installed, the boats will be able to get a full charge in a matter of hours as opposed to the overnight shift they plug in for now. The funding for the station comes from the Island Institute and the Island Institute and the DOE grant that helped build Heron. 

While it’s a start, those involved on Casco Bay recognize there’s more progress to be made on charging infrastructure, particularly as businesses up the rural parts of the coast go electric. Island Institute is preparing to release a Shoreline Charging Infrastructure report later this year detailing specific challenges around grid readiness for marine electrification in Maine.

“It will be a public resource that people can read and digest and ask questions,” Morris said. “Our goal and hope is really to elevate the conversation around electrification and electric propulsion.”

Finding a charge

For now, Strater keeps things simple. At the end of his workday, he docked the boat along the Cousins River and headed toward a Ford charger, the same one he uses to charge his all-electric Ford Lightning truck when it’s parked at the marina. The low-capacity level two charger is mounted on a wooden post a few yards from the shore. Strater grabbed a thick charging cable to run back down toward the water, and  a light blinked green on the charger as he plugged the cable into the all-electric outboard, hovering several feet out of the water. The boat would sit there, slowly charging, for the next eight hours. 

A circular charger is affixed to an electrical post in front of the water
A Ford charger provides low-capacity charging to the electric outboard on Chad Strater’s boat at the Sea Meadow Marine Foundation in Yarmouth, Maine. Strater can use the same charger to plug in his Ford Lightning electric truck when he’s at the marina. Julia Tilton / The Daily Yonder

Usually, the down time isn’t a problem for Strater, who puts in eight-hour workdays on the boat and then leaves it overnight to charge. In the instance he does need a quick fill, he can tow the boat over land with his Ford Lightning to a Tesla fast charger off the nearby interstate.

At the front edge of innovation, it’s this kind of creativity that makes Morris excited about the future of electric boat adoption in the region. “Mainers are scrappy and, you know — rural context — people figure out how to make things work,” Morris said.

Reporting for this article was made possible by the Guerry Beam Memorial Reporting Grant award from the Institute for Journalism and Natural Resources.

This story was originally published by Grist with the headline Meet the small business owners electrifying Maine’s rural coast on Sep 21, 2025.

Read the full story here.
Photos courtesy of

Opinion: Make Oregon a magnet for opportunity

The warning signs of an economy under pressure are all around, from mass layoffs to companies moving out of state, writes Karla S. Chambers, co-founder and co-owner of Stahlbush Island Farms. The state must focus on how to reduce barriers, grow the economy and help businesses stay competitive.

Karla S. ChambersFor The Oregonian/OregonLiveChambers is co-founder and co-owner of Stahlbush Island Farms, Inc. in Corvallis. She also served on the Federal Reserve Boards of San Francisco and Portland and serves on the Oregon State University Board of Trustees. Oregon’s job market is flashing red warning lights – and the numbers tell a troubling story. Mass layoff filings now rival or exceed levels seen during the 2008–2009 housing crash, as The Oregonian/OregonLive recently reported, (“Oregon mass layoffs approach Great Recession levels,” Sept. 14.) State data show nearly 25,000 net job losses over the past year, with layoffs cutting deep into manufacturing and technology. Intel, Nike, ESS Tech, Fred Meyer, Roseburg Forest Products and JELD-WEN are among major employers announcing reductions. In ESS Tech’s case, the company closed altogether. Job losses aren’t the only concern. The Tax Foundation ranked Oregon 35th in the nation for tax competitiveness, falling from 33rd last year. Oregon ranks near last in manufacturing growth according to the Bureau of Labor Statistics and seventh nationally for regulatory burden, according to George Mason University. Oregon’s business friendliness ranks 47th, according to CNBC, and we’re 43rd for cost of doing business.Meanwhile, the main sectors adding jobs are health care and government — and even hospitals report operating losses under rising costs and staffing mandates. When employment depends on government and health care instead of private-sector innovation, the warning lights are flashing. Oregon depends on personal income taxes for 81% of the general fund. To fund government and support schools, health care, environmental stewardship and the services we all value, the state needs a stable, growing private sector. But Oregon is making it harder for private businesses to flourish. Business has survived COVID-19, a spike in inflation, higher interest rates and tariffs. State and local governments are trying to solve their rising costs by passing on higher taxes, fees, fines, annual permit costs – to business – all while making compliance more complicated. We are watching many businesses leave the state; expand their operations elsewhere; reduce staff or close. Locally, our water bill has eight additional taxes and fees that have nothing to do with water, including charges for street maintenance, transit, urban forestry and sidewalk maintenance. Meeting payroll means ensuring compliance with new minimum wage rates, new overtime rules, new taxes based on payroll and family-leave program taxes. The state’s transportation bill has new gas taxes, vehicle registration fees, mileage charges and more. It is not any one cost but the total burden that is making Oregon uncompetitive. Neighboring states continue to grow jobs and attract employers – including those that used to call Oregon home. Dutch Bros’ headquarters has relocated to Arizona, a state which recently crowed about the billions in new investment anticipated from overseas companies and expansions of existing employers.Oregon, by contrast, is watching the Oregon forest products industry expand billions into North and South Carolina; our agricultural firms expand into Idaho; food processing plants like Pacific Foods closing its Tualatin facility and moving manufacturing out-of-state; and a record number of job losses in high tech and manufacturing. When we lose a manufacturing business, we lose family-wage jobs, innovation and the broad economic impact. These companies have many employees, vendors and customers and add value to basic commodities, creating new products through innovation.Oregon can change course, but it will take courage and accountability. We must:Reduce regulatory burdens that discourage investment. That means taking a sharper look at the collective fees and taxes the state puts on businesses and reducing them. Streamline state government to improve efficiency: For example, our food processing company must go through the industry’s most rigorous food safety audits, which take three or four days compared to cursory one-day audits conducted by state agencies. The state can reduce the time and expense for businesses by accepting the certification provided by these higher-intensity audits rather than insisting on an Oregon-specific one. Other industries have similar examples of redundant requirements. Reignite innovation by linking business, universities, and community colleges in public-private partnerships. Between Silicon Valley and Seattle lies a natural home for advanced manufacturing and sustainable technology. The University of Oregon and Oregon State University help create many new business start-ups. Our culture of innovation is strong, however we do not retain these new businesses due to our costly business policies. Fix our business climate, put Business Oregon into a public/private partnership and reinvigorate recruitment.We have everything we need to thrive — forests, farmland, clean water, renewable energy, world-class universities and a skilled workforce. What we lack is leadership that rewards productivity and entrepreneurship rather than layering on cost and complexity. Oregonians know how to innovate – Corvallis once had the highest patent rates per capita, powered by research and private collaboration. That same spirit can rebuild our economy, if we summon the will to lead again. Where will our children and grandchildren build their futures? If we want them to stay in Oregon, we must make this state a magnet for opportunity — not regulation.Share your opinion Submit your essay of 600-700 words on a highly topical issue or a theme of particular relevance to the Pacific Northwest, Oregon and the Portland area to commentary@oregonian.com. No attachments, please. Please include your email and phone number for verification. If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.

How Promote Giving, a New Investment Model, Will Raise Millions for Charities

Joel Holsinger, a partner at Ares Management Corp., on Wednesday launched Promote Giving, an initiative encouraging investment managers to donate a portion of their fees to charity

The first foreign trip Joel Holsinger took in 2019 after joining the board of directors at the global health nonprofit PATH convinced him that he needed to do more to raise money for charities.The investment manager, who is now also a partner and co-head of alternative credit at Ares Management Corp., saw firsthand how a tuberculosis prevention program was helping residents of Dharavi, India's largest slum. He also saw that the main hurdle to expanding the program’s success was simply a lack of funding.“I wanted to do something that has purpose,” Holsinger told The Associated Press. “I wanted a charitable tie-in to whatever I do.”Shortly after returning from India, Holsinger created a new line of investment funds where Ares Management would donate at least 5% of its performance fee, also known as the “promote,” to charities. The first two funds of the resulting Pathfinder family of funds alone have raised more than $10 billion in investments and, as of June, pledged more than $40 million to charity.Holsinger wanted to expand the model further. On Wednesday, he announced Promote Giving, a new initiative to encourage other investment managers to use the model, which launches with funds from nine firms, including Ares Management, Pantheon and Pretium. The funds that are now part of Promote Giving represent about $35 billion in assets and could result in charitable donations of up to $250 million over the next 10 years.Unlike broader models like ESG investing, where environmental, social and governance factors are taken into account when making business decisions, or impact investing, where investors seek a social return along with a financial one, Promote Giving seeks to maximize the return on investment, Holsinger said. The donation only comes after investors receive their promised return and only from the manager's fees. “We’re not doing anything that looks at lower returns,” Holsinger said. “It’s basically just a dual mandate: If we do good on returns for our institutional investors, we will also drive returns that go directly to charity.”Charities, especially those who do international work, are in the midst of a difficult funding landscape. The dismantling of the U.S. Agency for International Development and massive cuts to foreign aid this year have affected nearly all nonprofits in some way. Those nonprofits who don't normally receive funding from the U.S. government still face increased competition for grants from organizations who saw their funding cut.Kammerle Schneider, PATH’s chief global health programs officer, said this year has shown how fragile public health systems are and has reinforced the need for “agile catalytic capital” that Promote Giving could provide.“There is nothing that is going to replace U.S. government funding,” said Schneider, adding that the launch of Promote Giving offers hope that new private donors may step in to help offer solutions to specific public health problems. “I think it comes at a time where we really need to look at the overall architecture of how we’re doing this and how we could be doing it better with less.”Sal Khan, founder and CEO of Khan Academy, which offers free learning resources for teachers and students, says the structure of Promote Giving could provide nonprofits stable income over several years that would allow them to spend less time fundraising and more time on their charitable work. “It's actually been hard for us to raise the philanthropy needed for us to have the maximum impact globally,” said Khan. While Khan Academy has the knowledge base to expand rapidly around the world and numerous countries have shown interest, Khan said the nonprofit lacks enough resources to do the expensive work of software development, localization and building infrastructure in every country.Khan hopes Promote Giving can grow into a major funder that could help with those costs. "We would be able to build that infrastructure so that we can literally educate anyone in the world,” he said.Holsinger hopes for that kind of growth as well. He envisions investment managers signing on to Promote Giving the way billionaires pledge to give away half their wealth through the Giving Pledge and he hopes other industries will develop their own mechanisms to make charitable donations part of their business models. Kate Stobbe, director of corporate insights at Chief Executives for Corporate Purpose, a coalition that advises companies on sustainability and corporate responsibility issues, said their research shows that companies that establish mission statements that include reasons for existing beyond simply profit generation have higher revenue growth and provide a higher return on investment.Having a common purpose increases workers' engagement and productivity, while also helping companies with recruitment and retention, said Stobbe, who said CECP will release a report that documents those findings based on 20 years of data later this week. “Having initiatives around corporate purpose help employees feel a connection to something bigger,” she said. "It really does contribute to that bottom line.”That kind of win-win is what Holsinger hopes to create with Promote Giving. He said many of the world's problems don't lack solutions. They lack enough capital to pay for the solutions.“We just need to drive more capital to these nonprofits and to these charities that are doing amazing work every day,” he said. “We're trying to build that model that drives impact through charitable dollars.”Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Photos You Should See – Oct. 2025

EU's Von Der Leyen Says Private Sector Deals Could Unlock 4 Billion Euros for Western Balkans

TIRANA (Reuters) -European Commission President Ursula von der Leyen said on Monday private sector deals signed or in the pipeline could unlock...

TIRANA (Reuters) -European Commission President Ursula von der Leyen said on Monday private sector deals signed or in the pipeline could unlock about 4 billion euros ($4.63 billion) in new investment as part of an EU growth plan for the Western Balkans region.During a summit in the Albanian capital Tirana between the EU and the Western Balkans countries, Von der Leyen invited investors to take part in the growth plan that aims to double the size of the region's economies in the next decade.She said that 10 important business deals will be signed in Tirana on Monday, and 24 other potential investments will be discussed on Tuesday."Together they could bring more than 4 billion euros in new investments in the region," Von der Leyen said at the summit. "The time to invest in the Western Balkans is now."The EU has pledged 6 billion euros to help the six Western Balkans nations form a regional common market and join the European common market in areas such as free movement of goods and services, transport and energy.But in order for payments to be made, Albania, Bosnia, Kosovo, Montenegro, North Macedonia and Serbia must implement reforms and resolve outstanding issues with their neighbours.Von der Leyen identified artificial intelligence, clean energy and industrial value chains as three strategic sectors that would integrate local industries into EU supply chains.She cautioned that regulatory integration and industrial alliances are key to this effort.The six countries were promised EU membership years ago but the accession process has slowed to a crawl.The delay is partly due to reluctance among the EU's 27 members and a lack of reforms required to meet EU standards - including those concerning the economy, judiciary, legal systems, environmental protection and media freedoms.Serbia and Montenegro were the first in the region to launch EU membership talks, and Albania and North Macedonia began talks with Brussels in 2022. Bosnia and Kosovo lag far behind.(Reporting by Daria Sito-SucicEditing by Ros Russell)Copyright 2025 Thomson Reuters.Photos You Should See – Oct. 2025

Offshore oil plan was 'primed for cash flow,' but then it hit California regulators

A Texas company wants to drill for oil off Santa Barbara County's coast. Experts say its path to oil sales is looking more and more challenging.

When a Texas oil company first announced controversial plans to reactivate three drilling rigs off the coast of Santa Barbara County, investor presentations boasted that the venture had “massive resource potential” and was “primed for cash flow generation.” But now, less than two years later, mounting legal setbacks and regulatory issues are casting increasing doubt on the project’s future.Most recently, the California attorney general filed suit against Houston-based Sable Offshore Corp., accusing it of repeatedly putting “profits over environmental protections.” The lawsuit, filed last week in Santa Barbara County Superor Court, accuses Sable of continually failing to follow state laws and regulations intended to protect water resources. Sable, the lawsuit claims, “was at best misinformed, incompetent and incorrect” when it came to understanding and adhering to the California Water Code. “At worst, Sable was simply bamboozling the Regional Water Board to meet a critical deadline,” according to the lawsuit.The action comes less than a month after the Santa Barbara County district attorney’s office filed criminal charges against the company, accusing it of knowingly violating state environmental laws while working on repairs to oil pipelines that have sat idle since a major spill in 2015. The company also faces legal challenges from the California Coastal Commission, environmental groups and even its own investors. These developments now threaten the company’s ability to push forward on what has become an increasingly expensive and complicated project, according to some experts.Clark Williams-Derry, an analyst for the Institute for Energy Economics and Financial Analysis, said there are still ways Sable could get off the ground and begin oil sales, but the repeated setbacks have become what he called “cumulative risk” for investors, who are key to funding the restart. “Sable is at risk of burning through its cash, and lenders are going to have to make a decision about whether or not this is a good investment,” Williams-Derry said. Ongoing pushback from the public, the state and in lawsuits makes that increasingly a hard argument to make, he said. Sable, however, said it remains steadfast in its goal of reactivating the Santa Ynez Unit — a complex of three offshore platforms, onshore processing facilities and connecting pipelines. The unit was shuttered by a different company a decade ago after a corroded section of pipeline ruptured near Refugio State Beach, creating one of the state’s worst oil spills. The company denies that it has broken any laws and insists that it has followed all necessary regulations. Recently, however, company officials have promoted a new restart plan that could avoid California oversight. Company officials say the new plan would keep the project entirely within federal waters — pivoting away from using the contentious pipelines and from what company officials called California’s “crumbling energy complex.”Jim Flores, the company’s chief executive, said Sable is working with the Trump administration’s National Energy Dominance Council on the plan to use an offshore storage and treatment vessel to transport crude from its offshore wells instead of the pipeline system. Although the company reports that pipeline repairs are complete, the lines have not yet been approved for restart by state regulators. “California has to make a decision soon on the pipeline before Sable signs an agreement for the [offshore vessel] and goes all in on the offshore federal-only option,” Flores said in a statement. The company acknowledges that transporting oil by ship instead of pipeline would dramatically extend the company’s timeline and increase its costs. In a June Securities and Exchange Commission report, Sable said there was “substantial doubt ... about the company’s ability to continue,” given ongoing negative cash flow and stalled regulatory approvals. However, the company says it continues to seek approvals to restart the pipelines from the California Office of the State Fire Marshal. The state fire marshal has said the plans remain under review, but the office has made clear that the pipelines will be approved for operation only “once all compliance and safety requirements, including ... approvals from other state, federal and local agencies, are met.”Deborah Sivas, a professor of environmental law at Stanford’s Law School, said it’s getting harder to see a successful path forward for Sable.“It’s pretty rare that an entity would have all these agencies lined up concerned about their impacts,” Sivas said of state regulators. “These agencies don’t very lightly go to litigation or enforcement actions. ... and the public is strongly against offshore drilling. So those are a whole bunch of reasons that I think are going to be hard obstacles for that company.”But even if Sable can pivot to federal-only oversight under a friendly Trump administration, Williams-Derry said there’s no clear-cut path. “This is an environment where some of the best, most profitable oil companies in the U.S. have cut drilling this year because profits are too low,” Williams-Derry said. Sable has enough money in the bank right now to have a “little bit of running room,” he said, “...but you can imagine that [investors] are going to start running out of patience.”The new lawsuit filed by the California attorney general lays out a year’s worth of instances in which Sable either ignored or defied the California Water Code during the firm’s pipeline repair work. The attorney general’s office called Sable’s evasion of regulatory oversight “egregious,” warranting “substantial penalties.” It’s not immediately clear how much will be demanded, but violations of the California Water Code are subject to a civil liability of up to $5,000 for each day a violation occurs. Despite repeated reminders and warnings from the California Regional Water Quality Control Board, Central Coast region, Sable did not comply with the water code, preventing the board “from assuring best management practices ... to avoid, minimize and mitigate impacts to water quality,” the lawsuit said. “No corporation should gain a business advantage by ignoring the law and harming the environment,” Jane Gray, chair of the Central Coast Water Board, said in a statement. “Entities that discharge waste are required to obtain permits from the state to protect water quality. Sable Offshore Corp. is no different.”The case comes months after the California Coastal Commission similarly found that Sable failed to adhere to the state’s Coastal Act despite repeated warnings and fined the company $18 million.

Work Advice: How to avoid ‘workslop’ and other AI pitfalls

AI at work has drawbacks such as ‘workslop,’ which can hinder productivity. Strategic AI use and transparency are top solutions.

Following my response to a reader who’s resisting a push to adopt artificial intelligence tools at work, readers shared their thoughts and experiences — pro, con and resigned — on using AI.The consensus was that some interaction with AI is unavoidable for anyone who works with technology, and that refusing to engage with it — even for principled reasons, such as the environmental harm it causes — could be career-limiting.But there’s reason to believe that generative AI in the office may not be living up to its fundamental value proposition of making us more productive.A September article in Harvard Business Review (free registration required) warns that indiscriminate AI use can result in what the article dubs “workslop”: “AI-generated work content that masquerades as good work but lacks the substance to meaningfully advance a given task.”Examples of workslop include AI-generated reports, code and emails that take more time to correct and decipher than if they had been created from scratch by a human. They’re destructive and wasteful — not only of water or electricity, but of people’s time, productivity and goodwill.“The insidious effect of workslop is that it shifts the burden of the work downstream,” the HBR researchers said.Of course, workslop existed before AI. We’ve all had our time wasted and productivity bogged down by people who dominate meetings talking about nothing, send rambling emails without reviewing them for clarity or pass half-hearted work down the line for someone else to fix. AI just allows them to do more of it, faster. And just like disinformation, once workslop enters the system, it risks polluting the pool of knowledge everyone draws from.In addition to the literal environment, AI workslop can also damage the workplace environment. The HBR researchers found that receiving workslop caused approximately half of recipients to view the sender as “less creative, capable and reliable” — even less trustworthy or intelligent.But, as mentioned above, it’s probably not wise — or feasible — to avoid using AI. “AI is embedded in your everyday tasks, from your email client, grammar checkers, type-ahead, social media clients suggesting the next emoji,” said Dean Grant from Port Angeles, Washington, whose technology career has spanned 50 years. The proper question, he said, is not how to avoid using it, but what it can do for you and how it can give you a competitive advantage.But even readers who said they use AI appropriately acknowledged its flaws and limitations, including that its implementation sometimes takes more effort than simply performing the task themselves.“[H]ow much time should I spend trying to get the AI to work? If I can do the task [without AI] in an hour, should I spend 30 minutes fumbling with the artificial stupid?” asked Matt Deter of Rocklin, California. “At what point should I cut my losses?”So it seems an unwinnable struggle. If you can’t avoid or opt out of AI altogether, how do you make sure you’re not just adding to the workslop, generating resentment and killing productivity?Don’t make AI a solution in search of a problem. This one’s for the leaders. Noting that “indiscriminate imperatives yield indiscriminate usage,” the HBR article urges leaders encouraging AI use to provide guidelines for using it “in ways that best align to the organization’s strategy, values, and vision.” As with return-to-office mandates, if leaders can articulate a purpose, and workers have autonomy to push back when the mandate doesn’t meet that purpose, the result is more likely to add value.Don’t let AI have the last word. Generating a raw summary of a meeting for your own reference is one thing; if you’re sharing it with someone else, take the time to trim the irrelevant portions, highlight the important items, and add context where needed. If you use AI to generate ideas, take time to identify the best ones and shape them to your needs.Be transparent about using AI. If you’re worried about being judged for using AI, just know that the judgment will be even harsher if you try to pass it off as your own work, or if you knowingly pass along unvetted information with no warning.Weigh convenience against conservation. If we can get in the habit of separating recyclables and programming thermostats, we can be equally mindful about our AI usage. An AI-generated 100-word email uses the equivalent of a single-use bottle of water to cool and power the data centers processing that query. Knowing that, do you need a transcript of every meeting you attend, or are you requesting one out of habit? Do you need ChatGPT to draft an email, or can you get results just as quickly over the phone? (Note to platform and software developers: Providing a giant, easy-to-find AI “off” switch wouldn’t hurt.)Step out of the loop once in a while. Try an AI detox every so often where you do your job without it, just to keep your brain limber.“I can’t deny how useful [AI has] been for research, brainstorming, and managing workloads,” said Danial Qureshi, who runs a virtual marketing and social media management agency in Islamabad, Pakistan. “But lately, I’ve also started to feel like we’re losing something important — our own creativity. Because we rely on AI so much now, I’ve noticed we don’t spend as much time thinking or exploring original ideas from scratch.”Artificial intelligence may be a fact of modern life, but there’s still nothing like the real thing.Pro Tip: Having trouble getting started with AI? Check out Post Tech at Work reporter Danielle Abril’s brilliant articles on developing AI literacy.

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