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Business May 15, 2026

Heathrow Faces Regulatory Pressure to Open Third Runway to Competition

The UK aviation regulator proposes allowing rival companies to design and build Heathrow's third ru…
The Regulatory Shift at Heathrow Heathrow could be forced to allow other companies to design and build its third runway and new terminal after the UK aviation regulator argued that rival bids could keep construction costs down. A long-awaited review by the Civil Aviation Authority (CAA) proposes changes to the regulatory model that governs how Heathrow runs and covers its costs. Competitive Construction Model These changes include making the operator seek bids from other businesses to design, build and operate parts of the long-delayed expansion project at Europe's busiest airport. The CAA stated this approach "would allow for direct competition between Heathrow and an alternative developer … [that] could encourage competition and efficiency." Radical Terminal Proposal The CAA's most radical suggestion, which would require special approval from the government, would allow another developer to tender to build and run their own terminals at Heathrow, similar to a scheme at JFK airport in New York. This represents a significant departure from the traditional model where a single operator controls all aspects of airport operations. Timeline and Current Status Last November ministers backed Heathrow's plan for the runway to be up and running by 2035, over the rival proposal submitted by Arora Group. The airport operator is still seeking formal planning approval to start construction by 2029. Earlier this month, Philip Jansen, Heathrow's new chair, moved to open talks with airlines and Arora Group's chair, Surinder Arora, to attempt to progress plans amid a row over costs. Financial Pressures and Cost Concerns British Airways dominates Heathrow, accounting for more than 50% of slots, and Luis Gallego, the chief executive of BA's owner, International Airlines Group, has said the cost of the third runway and associated works must be capped at £30bn. Heathrow is considered to be Europe's most expensive airport, and in March the UK aviation regulator rejected its plans to significantly raise its landing fees to fund a multibillion-pound upgrade. Key Financial Figures: Heathrow's proposed cost cap: £30bn Arora Group's alternative scheme: £25bn Target operational date: 2035 Planned construction start: 2029 (pending approval) The Competitive Landscape Arora has been promoting his own £25bn expansion scheme and is part of Heathrow Reimagined, which also includes BA and Virgin. This group is campaigning to drastically reduce the costs of operating at the airport. "Two years ago competition at Heathrow wasn't on the cards and now is very much alive and kicking because the case for change is so strong," said Arora, the founder of Arora Group. Regulatory Challenges The CAA acknowledged there could be difficulties in implementing a model allowing rival bidders. "This model could encourage competition and efficiency," the regulator said. "Nonetheless, there would also be some complications in implementing such a model. It would be important to ensure that an approach involving the build, operation, ownership of assets and direct competition with Heathrow worked in a way to further the interests of consumers across the whole airport." Heathrow's Response Heathrow warned that the proposals could "undermine efforts" to expand the airport and produce growth. A Heathrow spokesperson emphasized: "Economic growth is key to tackling the cost of living crisis. We have a clear plan to invest billions of pounds of private capital to upgrade and expand the UK's hub airport – creating jobs and growth across the country." Future Outlook The proposals mark a significant shift in how Europe's busiest airport might be developed, potentially introducing a more competitive model similar to other international airports. The outcome will depend on government decisions and how effectively the CAA can balance consumer interests with operational efficiency. Heathrow, owned by a consortium led by French company Ardian and including sovereign wealth funds of Qatar, Singapore and Saudi Arabia, will likely continue to advocate for its current expansion model while navigating these new regulatory pressures.
#Heathrow #Civil Aviation Authority #Arora Group
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World Wide May 14, 2026

Iran War Day 76: Vance Says Progress Made in Talks as Israel Pounds Lebanon

US Vice President JD Vance says progress is being made in negotiations with Iran, while Israel inte…
The Lead United States Vice President JD Vance has said he believes progress is being made in negotiations with Iran, despite President Donald Trump rejecting Tehran’s latest proposal as unacceptable. The comments come as diplomatic efforts continue to prevent a collapse in the fragile ceasefire between Washington and Tehran. Iran's Military Readiness Brigadier-General Mohammad Akrami Nia says Iran’s military remains at “the highest level of readiness”, warning that “there is no room for retreat” as tensions with the US persist. Iranian officials have continued to signal they are prepared to respond to any escalation. Netanyahu's Secret Visit to UAE Separately, Israel says Prime Minister Benjamin Netanyahu made a “secret” visit to the United Arab Emirates during the war on Iran, where he met the UAE president, according to the Israeli prime minister’s office. The UAE has denied that the trip happened. Iran's Warnings and World Cup Send-off Iran warns states ‘colluding’ with Israel: Foreign Minister Abbas Araghchi said countries working with Israel against Tehran will be “held to account”, after Israel revealed Netanyahu visited the UAE during the war. Iran gives World Cup send-off to national team: Crowds gathered in Tehran’s Enghelab Square to celebrate Iran’s national football team ahead of the 2026 World Cup, waving flags as players appeared on stage in red and black tracksuits. War Diplomacy and US-China Relations Vance says US is ‘making progress’ in talks: The US vice president says he believes progress is being made in negotiations with Iran. China may seek concessions over Iran role: Analysts say China could demand concessions from the US, potentially on Taiwan, in exchange for using its influence to pressure Iran to reopen the Strait of Hormuz. Developments in the Gulf and US Netanyahu’s UAE visit: The Israeli Prime Minister held a “secret” meeting with the UAE President Sheikh Mohamed bin Zayed Al Nahyan, his office said. UAE denies Netanyahu visit claims: The UAE has rejected statements from Netanyahu’s office. Senate backs Trump: US senators narrowly rejected a resolution curbing President Trump’s power to wage war on Iran. Escalation in Lebanon Israel-Lebanon talks: Officials from Lebanon and Israel will convene in Washington, DC, later on Thursday for a new round of peace negotiations. Lebanon says 10,000 homes hit: More than 10,000 homes have been damaged or destroyed in Lebanon since a ceasefire in the war between Israel and Hezbollah. At least 12 killed in Lebanon: Israel intensified strikes on Lebanon with the Ministry of Public Health reporting 12 people were killed in attacks on Wednesday.
#Iran #Israel #United States
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Environment May 14, 2026

Apple Rootstock Breeding Races to Shield $23 bn Industry from Climate Shocks

U.S. apple growers face escalating losses as sudden temperature swings damage rootstocks, the hidde…
Lead: Cornell‑USDA team tackles climate‑induced apple rootstock failuresTerence Robinson, a Cornell horticulture professor, and USDA researcher Gennaro Fazio are co‑leading the nation’s only program dedicated to creating new apple rootstocks that can survive extreme weather events linked to the climate crisis. Rapid apple decline and the search for resilient rootstocksThe phenomenon dubbed “rapid apple decline” emerged after a warm February 2015 was followed by a sudden 65°F (36°C) cold snap that shocked dormant trees in New York and Pennsylvania. Researchers identified the most vulnerable part of the tree as the rootstock, especially the century‑old M9 variety, prompting a shift toward breeding for drought tolerance, salt‑soil resilience, and moderate‑winter endurance. Economic stakes: $23 bn industry at risk from rootstock damageU.S. apple production generates roughly $23 bn in annual economic activity.Annual harvest exceeds 11 bn pounds of fruit, the nation’s most‑consumed fresh produce.Rootstock failures directly threaten yields, orchard profitability, and downstream supply chains. How adaptable rootstocks could reshape U.S. apple productionRootstocks dictate tree vigor, dwarfing characteristics, and water use. By selecting stocks that are “adaptable” rather than pre‑adapted to a specific future climate, breeders aim to give growers flexibility across a wider range of weather scenarios, reducing vulnerability to false springs and polar‑vortex cold snaps that have struck key regions four times since 2015. Future outlook: breeding timelines and climate‑ready varietiesDeveloping a new rootstock takes 30 + years; the program’s first commercial release arrived in 1997, and crosses made in the 1970s are only now bearing fruit. Ongoing trials at the NC‑140 network and at North Carolina State’s Mountain Horticultural Crops Research Station will evaluate progeny for the next decade, while wild Asian apple germplasm is being tapped for additional genetic diversity. Success could secure the industry’s long‑term resilience as climate volatility intensifies.
#Cornell University #Terence Robinson #Gennaro Fazio
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Sports May 13, 2026

Southampton Spygate Scandal: The Fallout from the Middlesbrough Match

Southampton is embroiled in a spying scandal after allegedly spying on Middlesbrough's training ses…
The Spygate Scandal UnfoldsWhile the FA's Independent Disciplinary Commission's investigation into the Southampton spying scandal continues, the fallout from this unprecedented situation in English football continues to develop. Southampton's alleged spying on Middlesbrough's training session has created a controversy that could have significant consequences for both clubs, with the EFL potentially hoping to sweep the matter under the rug after Southampton's playoff victory.The Accusations and Southampton's ResponseSouthampton has been accused of illegally spying on Middlesbrough's training session, an allegation that has put the club in an awkward position. The club's response has been characterized by vague statements and a refusal to directly address the accusations. Head coach Tonda Eckert has been shielded from questions about the scandal, with media handlers advising him to leave press conferences when the topic is raised. In one particularly tense moment, Eckert was asked directly, "Are you a cheat?" before being escorted from the room.Financial Implications of the ScandalThe timing of this scandal couldn't be more critical for both clubs. Southampton's victory in the playoff semifinal means they will now face Hull City in a Wembley playoff final worth "a gazillion pounds" in potential revenue. For Middlesbrough, the defeat compounds the frustration of the alleged spying, with the club potentially facing an uphill battle should they seek further recourse. The financial stakes highlight why this scandal has generated such intense scrutiny from both clubs and football authorities.Impact on Football's IntegrityThe spygate scandal raises serious questions about the integrity of professional football and the lengths clubs might go to gain a competitive advantage. Middlesbrough's coach Kim Hellberg expressed his disgust at the situation, calling it "disgraceful" and noting that it made him "very sad." The incident has created tension between the clubs, with Hellberg emphasizing that his feelings don't extend to Southampton's players or fans. This scandal could prompt a broader discussion about ethics and fair play in football at all levels.What Happens Next in the Spygate SagaThe investigation by the FA's Independent Disciplinary Commission is likely to be thorough, but the options for punishment have become more complicated following Southampton's playoff victory. While a fine or points deduction were initially possibilities, the club's progression to the final means any punishment would have significant consequences. Middlesbrough may yet pursue further action, potentially even taking their case to court. Regardless of the outcome, this scandal has already left a stain on both clubs and could lead to changes in how football clubs conduct their business and approach competition.
#Southampton #Middlesbrough #Football
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Culture May 13, 2026

Smithsonian Celebrates America's 250th Anniversary with 250 Objects in New Exhibition

The Smithsonian National Museum of American History is marking the 250th anniversary of US independ…
Smithsonian's Monumental Celebration of America's 250 Years To paraphrase the musical Rent, 131,487,300 minutes – how do you measure, measure 250 years? Especially in a country navigating an election year fraught with divisions and disagreements over basic facts? That is the challenge facing the Smithsonian National Museum of American History in Washington DC as it marks the semiquincentennial of US independence. The museum's answer is with 250 objects that tell the American story, ranging from a revolutionary war-era gunboat to gloves worn by a "Miracle on Ice" hockey player, from Thomas Jefferson's desk to a Donald Trump fan's "Make America great again" hat. A Museum-Wide Journey Through American History Opening on 14 May, "In Pursuit of Life, Liberty & Happiness" will display 250 objects encompassing 250,000 sq ft across all three floors of the museum. They range from old to new, from big to small and from sublime to mundane. Seventy-six of them – many rarely or never seen by the public – will be concentrated in cases lining the entry halls, while the remainder will be embedded throughout the museum's existing galleries, connected by a "ribbon" design to guide visitors on a historical treasure hunt. Each is paired with an action verb to underscore the view of democracy as a "highly participatory sport." Among the star attractions is the Philadelphia, a 53ft, flat-bottomed wooden gunboat constructed in the chaotic, sweltering summer of 1776. On a recent preview tour, visitors stepped into a climate-controlled enclosure at the museum where the air was thick with the scent of 100% acetone. Behind viewing windows that allow the public to see the work in progress, two conservators clad in headlamps and respirators were meticulously wielding soft and stiff bristle brushes, dental picks and wooden dowel rods to strip away decades of accumulated lacquer from a rusted iron cannon and its surrounding timber. By the Numbers: The Scale of the Exhibition The exhibition features 250 objects spread across 250,000 square feet of museum space. Seventy-six of these objects – many rarely or never seen by the public – will be concentrated in cases lining the entry halls. The Philadelphia gunboat itself weighs 16,000 pounds and was constructed in 1776. The wreck languished underwater for 159 years before being salvaged in 1935, fully intact with its armament and hundreds of artifacts scattered across its deck. When raised, the boat revealed about 600 to 800 items, including cannons, carriages, wheels, a stew pot, a melting pot for pitch, shoe leather, buttons from regimental coats, and even a leather button that was probably from someone's breeches. Reframing America's Complex Narrative "How do you structure a commemoration, celebration and time for reflection?" asks Anthea Hartig, the museum's director. "What we landed on were those moments where individuals or communities had fought for recognition and advocated for their own sense of identity and self in their role in creating and becoming a part of the United States. But we also wanted to do the playful." Hartig describes the US as "amazing, beautiful, complicated", and cites the African American writer James Baldwin's celebrated observation: "American history is longer, larger, more various, more beautiful, and more terrible than anything anyone has ever said about it." The exhibition captures both the monumental and the intimate aspects of American history. Alongside iconic items like Thomas Jefferson's portable desk on which he drafted the Declaration of Independence, the Star-Spangled Banner that inspired the national anthem, and George Washington's military uniform, are personal artifacts like a faux-pearl necklace worn by Abigail Adams in the mid-18th century. The Future of Historical Commemoration Hartig adds: "We believe that this anniversary is so important not only to the nation but the world, and that our past 250 years are filled with so much history that it takes an entire museum to do it justice." The exhibition also incorporates modern technology to enhance the visitor experience, including a virtual reality experience that transports visitors back to the Philadelphia's construction 250 years ago. As the museum continues to preserve and interpret America's complex past, the exhibition represents a new approach to historical commemoration – one that embraces the full spectrum of American experiences, from the revolutionary to the contemporary, and from the sublime to the mundane.
#Smithsonian #American History #Museum Exhibition
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Sports May 13, 2026

Australian Sprint Hope Kaden Groves Withdraws from Giro d'Italia Due to Crash Injuries

Australia's top sprint hope Kaden Groves has been forced to withdraw from the Giro d'Italia due to …
The Abrupt End of Australia's Sprint CampaignKaden Groves, Australia's premier sprinting hope at the 2026 Giro d'Italia, has been forced to abandon the race due to injuries sustained in a mass crash during the opening stage in Bulgaria. The 27-year-old, who was aiming to surpass Caleb Ewan's 11 Grand Tour stage wins and move second on the Australian all-time winners' list, joins compatriot Jay Vine in exiting the race prematurely due to crash-related injuries.The Opening Stage Crash That Changed the RaceGroves was among several riders injured in a mass crash occurring just 600 meters from the finish line as the race opened in Bulgaria on Friday. Despite appearing bloodied and limping immediately after the incident, his team Alpecin Premier-Tech initially reported that he seemed "OK." However, it later became clear that the 10-time Grand Tour stage winner was suffering from shoulder and neck bruising that proved more serious than initially assessed."I didn't ride yesterday. I hope after a complete day off the sensations have improved. I'll take it day by day and see how things are on the climb. I don't need to risk anything," Groves said before his withdrawal, indicating the severity of his condition despite his initial description of the injuries as "just a few superficial scrapes all over my body."Australian Cycling Suffers Double BlowThe withdrawal of Groves compounds a difficult start to the Giro for Australian cycling, following Jay Vine's earlier exit due to concussion and a broken elbow suffered in a crash on stage two. The two high-profile departures significantly reduce Australia's representation in the race's competitive aspects.In the absence of their big name duo Mathieu van der Poel and Jasper Philipsen, the Belgian team had anointed Groves, who was wearing No 1 in the race, as their main sprinter. With his exit, Francesco Busato will now lead Alpecin's sprinting efforts, though 25-year-old Australian Jensen Plowright may also receive opportunities after finishing 18th on stage three.Race Dynamics Shift as Sprinters ExitThe absence of key sprinters has altered the competitive landscape of the Giro. Ecuador's Jhonatan Narvaez capitalized on the changing dynamics to win stage four, providing a welcome boost for Vine's UAE Team Emirates XRG. Orluis Aular (Movistar) finished second, while Giulio Ciccone took third place and claimed the race leader's pink jersey.Two Australian general classification contenders remain in the race, with Red Bull-BORA hansgrohe's co-leader Jai Hindley and Jayco AlUla's Ben O'Connor both sitting handily 10 seconds behind new race leader Ciccone, alongside pre-race favorite Jonas Vingegaard (Visma Lease-A Bike).The Challenge Ahead: Mountain Stages AwaitWith sprinters exiting the race, attention now shifts to the climbers as the Giro prepares for its most demanding stages. Wednesday's fifth stage features nearly 4000m of climbing on the 203km route from Praia a Mare to Potenza, a profile that could significantly shake up the general classification standings.For Groves, the withdrawal represents a setback in his quest to add to his career tally of 10 Grand Tour stage victories. The Australian had just returned after a break of more than two months with knee trouble following a crash in the Omloop Het Nieuwsblad race at the start of March, making this latest injury particularly frustrating for the 27-year-old sprinter.
#Kaden Groves #Giro d'Italia #Cycling
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Politics May 12, 2026

Trump Backs Psychedelic Research: Implications for U.S. Policy and Medicine

Former President Donald Trump has publicly endorsed psychedelic research, sparking debate over the …
Trump’s Public Endorsement of Psychedelic TherapiesIn a recent Guardian podcast, Donald Trump signaled support for scientific studies into psychedelic compounds, asking, “Can I have some, please?” while framing the conversation as a potential public‑health breakthrough.Funding Landscape and Recent Regulatory Milestones2023: The U.S. Food and Drug Administration granted breakthrough‑therapy designation to psilocybin for treatment‑resistant depression.2024: The National Institute on Drug Abuse allocated $150 million to clinical trials of MDMA‑assisted psychotherapy.2025: Several states, including Oregon and Colorado, legalized psilocybin for therapeutic use, creating a nascent market valued at roughly $2 billion.Potential Shift in Federal Drug PolicyTrump’s backing could influence congressional committees that oversee the Drug Enforcement Administration and the FDA. A high‑profile endorsement may:Accelerate bipartisan bills aimed at de‑scheduling certain psychedelics.Encourage the administration to prioritize research funding in upcoming budget proposals.Prompt the White House to convene a task force on psychedelic medicine.Impact on Mental‑Health Treatment ParadigmsShould policy changes follow, clinicians could gain broader access to psychedelic‑assisted therapies, potentially reducing reliance on traditional antidepressants. This aligns with growing evidence that psychedelics can produce rapid, sustained improvements for conditions such as PTSD and major depressive disorder.Looking Ahead: Political and Clinical OutlookAnalysts anticipate that Trump’s endorsement will keep psychedelics on the national agenda through the 2026 midterm elections. If legislative momentum continues, the United States could see:A federal framework for clinical trials by 2027.Expanded insurance coverage for approved psychedelic treatments by 2028.Increased private‑sector investment, potentially adding $5 billion to the market over the next five years.
#Donald Trump #Psychedelic Research #FDA
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Business May 12, 2026

British Steel Nationalisation: What Went Wrong and What Comes Next

Prime Minister Keir Starmer pledged to place the Scunthorpe steelworks under public ownership, a mo…
The Government’s Push to Nationalise Scunthorpe Steelworks On Monday, 12 May 2026 the Labour government announced legislation to bring the Scunthorpe plant of British Steel into public hands, framing the move as essential for national resilience. Starmer argued that "strong nations need to make steel" and used the proposal to shore up his leadership ahead of the upcoming king's speech. Historical Ownership and the Road to 2025 State Control 1859: First iron ore discovered in Scunthorpe, sparking the region's steel boom. 1951: Nationalisation of the UK steel industry. 1953: Privatisation after two years. 1967: Second wave of nationalisation. 1970s: UK steel production peaks. 1988: Privatisation under Margaret Thatcher. 2007: Ownership passes to Tata Steel (India). 2016: Greybull Capital buys the loss‑making works for £1 and revives the British Steel brand. 2019: Chinese firm Jingye Steel takes control. 2025: Government recalls Parliament for a historic Saturday sitting to pass legislation aimed at taking control. Despite these changes, the plant’s two historic blast furnaces – nicknamed Anne, Bess, Victoria and Mary – remain operational and are widely regarded as at the end of their economic life. Financial Losses and Valuation Dispute £350 million cumulative loss recorded by Jingye up to the end of 2023. £1 billion figure demanded by Jingye to settle its debts. £100 million offer from the government rejected by Jingye. 4,000 employees currently on the payroll. 2,700 jobs at risk if the plant were to close. 50% protectionist tariff announced to support domestic steel demand. The government has locked Jingye out of operational control but left it with economic ownership, meaning a compensation assessment by an independent valuer is expected. Strategic Implications for UK Industrial Sovereignty The Labour administration stresses the need to preserve "primary steelmaking" – the ability to produce steel from iron ore – as a matter of national security. The plant faces multiple pressures: Global overcapacity driven by cheap Chinese steel. Higher energy costs for UK producers compared with European peers. Ageing blast‑furnace infrastructure requiring costly upgrades. Keeping the Scunthorpe works running is presented as a way to maintain a domestic supply chain for critical sectors and to signal to foreign investors that the UK will protect strategic assets. Potential Paths for British Steel Under Government Ownership Officials, led by Business Secretary Peter Kyle, are favouring a transition from blast furnaces to cleaner electric‑arc furnaces, a shift that would require "hundreds of millions of pounds" in state subsidies. Meanwhile, private investors are signalling interest: Michael Flacks, a turnaround specialist, has expressed potential acquisition interest. Sev.en Global Investments, a Czech group, is also reported to be weighing a bid. Any future owner would likely need to keep the existing blast furnaces operational during the transition period to protect short‑term employment, while the government pursues longer‑term decarbonisation goals.
#British Steel #Keir Starmer #Jingye Steel
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Environment May 11, 2026

Sharp drop in 'forever chemicals' in seabird eggs hailed as win for regulation

Levels of dangerous Pfas compounds have dramatically fallen in Canadian seabird eggs, illustrating …
The Lead Levels of some of the most dangerous Pfas compounds have dramatically fallen in Canadian seabird eggs, which the authors of a new peer-reviewed study say illustrates how regulations are effective. The Event Details Researchers looked at Pfas levels in the eggs of northern gannets in the St Lawrence Seaway basin over a 55-year period. Pfas levels shot up from the 1960s through the peak of the chemicals’ use in the late 1990s and early aughts, then fell. The fall coincides with several developments – facing regulatory scrutiny, the chemical giant 3M, which is one of the largest producers of Pfas, began moving away from Pfos, among its most common and toxic compounds. By 2015, major chemical makers reached an agreement with the US Environment Protection Agency to phase out Pfos and Pfoa, the latter a similarly problematic compound. The Data Analysis Data shows the levels of Pfos fell from a peak level in the eggs of 100 parts per billion (ppb) to a level of 26ppb by 2024, a 74% drop. Levels of Pfoa are down about 40% over this time, though they ticked back up in recent years. Meanwhile, PFHxS, another common, toxic Pfas compound fell from 0.69 to 0.19ppb, or about 72%. The Impact Analysis Pfas are a class of at least 16,000 chemicals commonly used to make products resist water, stains and heat. They are called “forever chemicals” because they do not naturally break down, and they are linked to a range of health issues such as cancer, thyroid disease, kidney problems and decreased immunity. Raphael Lavoie, a co-author and ecotoxicologist with Environment and Climate Change Canada, called the findings “good news”. “We see this incredible rise to a peak where concentrations seem to be higher than toxicological threshold for those birds, then it really decreases in a nice way,” Lavoie said. “The regulations are having a good effect.” The Prediction However, it is not all good news. The chemical makers moved to a newer generation of smaller Pfas, and those also present risks to the environment and wildlife. The levels of those compounds have probably grown, and the study found one example of a shift, but the new Pfas are more difficult to measure in bird eggs because they do not accumulate in wildlife as much, Lavoie said. Moreover, compounds such as Pfos stay in the environment or animals’ bodies for decades, so the birds and environment will remain contaminated for the foreseeable future, which the authors wrote “emphasizes the importance of maintaining scientific and regulatory vigilance”.
#Pfas #seabird eggs #regulation
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