The biggest holdings of the Invesco WilderHill Clean Energy E.T.F. are producers of raw materials for solar cells and rechargeable batteries or builders and operators of large-scale solar projects. The $2.9 billion fund yields 0.49 percent and has an expense ratio of 0.7 percent.

The First Trust NASDAQ Clean Edge Green Energy Index Fund focuses on applied green technology. Its biggest holdings are Tesla, the American maker of electric automobiles; NIO, a Chinese rival in that field; and Plug Power, which makes hydrogen fuel cells for vehicles. Also a $2.9 billion fund, it yields 0.24 percent and has an expense ratio of 0.6 percent.

The First Trust Global Wind Energy E.T.F., as its name suggests, targets wind turbine manufacturers and servicers, led by the Spanish-German joint venture Siemens Gamesa Renewable Energy and Vestas Wind Systems of Denmark, as well as operators such as Northland Power of Canada. This $423 million fund yields 0.92 percent and has an expense ratio of 0.61 percent.


View Source

A ‘Game Changer’ for Patients With Esophageal Cancer

The chemotherapy has difficult side effects, and the radiation causes a burning sensation that makes it difficult to swallow. “Food won’t go down,” Ms. Mordecai said. “You just feel rotten.”

The next step is major surgery. A doctor takes out most of the patient’s esophagus, the tract leading from the mouth to the stomach, and then grabs the stomach and pulls it up, attaching it to a stump of esophagus left behind.

The result is a stomach that is vertical, not horizontal, and lacks the sphincter muscle that normally keeps stomach acid from spilling out. For the rest of their lives, patients can never lie flat — if they do, the contents of their stomach, including acid, pours into their throats. They can choke, cough and aspirate.

Recovery is difficult, and morbidity and mortality are high. But most patients go through with the operation once they weigh their options. To refuse the treatment means giving up and letting the cancer close off the esophagus to the point where some cannot even swallow their own saliva, said Dr. Paul Helft, a professor of surgery and an ethicist at Indiana University School of Medicine.

The treatment is so long and harrowing that Dr. Helft often uses it to teach medical students and other trainees about informed consent — about how patients must be fully informed before they start any given treatment. Esophageal cancer patients in particular must be told that they are likely to have a recurrence within the first year.

Ms. Mordecai said her husband had his surgery at the end of September 2008. By Dec. 6, he had untreatable metastases in his liver. Now, she said, patients may have a glimmer of hope.

Dr. Ilson, who has spent his career trying to develop therapies to help patients with esophageal cancer, said that he did not expect this treatment to succeed: “We all get nihilistic when faced with years of negative studies.”

“This is really a landmark paper,” he added, and the drug “will become a new standard of care.”

View Source

How We Tracked Secret Oil Deliveries to North Korea

On an overcast day in May 2020, a satellite captures this image over the sea near Taiwan. At first it appears to just show clouds, until you look closer and enhance the image. What you see here is a transfer of oil to a ship that will end up in North Korea in a possible violation of international sanctions. Covert oil deliveries are crucial to North Korea’s economy and its ballistic and nuclear weapons program. Our investigation focuses on one way oil is getting to North Korea. We followed the movements of a single tanker and the opaque corporate structures that surround it. We spent months unraveling the story of the ship. It’s called the Diamond 8, and it’s been identified by the United Nations multiple times for its illicit trips to North Korea. We visited businesses, ports, and tracked tankers at sea, all to find out who was behind these voyages. What we discovered were elaborate networks, many that connect to the Singapore-headquartered oil trader the Winson Group, primarily through its Taiwan operation Winson Shipping. “Catering to your needs. Winson Group.” Our investigation, which includes findings from a new report by the research groups RUSI and C4ADS, reveals for the first time how the Winson Group plays a role in North Korea’s bid to get oil. The path from a single tanker to Kim Jong-un’s regime is convoluted. When we laid it all out in a flow chart, it looks like this — so we’re going to simplify it by focusing on the Diamond 8. And we’ll also look at two tankers that transport oil to it — the Ever Grandeur and the Superstar. These ships are connected by more than just their meet-ups at sea. They have ties to a handful of people who on the surface seem unconnected, but when we looked deeper, we found that most of the key individuals are linked to the same village in China’s Fujian Province. And they all have connections to both Winson Shipping and the Winson Group. Let’s first look at how the oil gets to North Korea. We analyzed photos and past videos of the Diamond 8, matched them with satellite imagery and took measurements to create a visual fingerprint. This allowed us to follow the Diamond 8’s movements last year. We confirmed our findings with experts who track oil tankers in North Korean ports. We’re going to show you two of its trips to North Korea. The first one, in February 2020, starts here, idling empty in the waters off of Fujian province, a region where oil smuggling has historically been rampant. It heads out and picks up oil from the Ever Grandeur near Taiwan and goes straight to North Korea. That trip is pretty direct. The one we uncovered in May 2020, not so much. But here’s what we know. The Diamond 8 sets off down Taiwan’s coast. It passes a port on April 30, where a second, much larger red tanker is loading up oil. That tanker, called Superstar at the time, follows the Diamond 8 to international waters, according to the ship’s transmissions. Cloudy skies that day appear to shield the operation from satellites, but as we saw, a hole in the clouds reveals the oil transfer. For three weeks, the Diamond 8 doesn’t enter any ports. It’s mostly just lingering in open waters. Then it sails north. Its required transmission signal disappears for eight days, but we found it during that window in this port in North Korea. The dimensions and features match the Diamond 8, a finding confirmed by experts. When we spot it again, its signal is back on and it’s back near Taiwan, meeting up with the Superstar to get more oil. We wanted to know who was behind the Ever Grandeur and Superstar, the two ships that supplied the oil to the Diamond 8, so we looked at shipping records to examine their history and management. Let’s start with the Ever Grandeur. We actually went and filmed it while it sat idle in the port of Kaohsiung in Taiwan. Only five miles away is the company that controls the ship. It’s called Glory Sparkling. Chien Yuan Ju, a Winson Shipping executive, told us they didn’t set up Glory Sparkling. But we found clues the companies are interconnected. Glory Sparkling’s address was on floors owned by Winson Shipping. Its address changed only after we started asking questions. And Glory Sparkling’s website, it was registered with the name of a Winson Shipping employee. We also have evidence showing that a high-ranking Winson Shipping manager named Zuo Fasheng, seen here with the Winson Group’s founder, Tony Tung, has also worked for Glory Sparkling. We found his signature on documents for both companies, including on paperwork for the Ever Grandeur. Officials from Panama, where the Ever Grandeur is registered, told us their records show Zuo Fasheng is currently listed as the operator of the ship. Now let’s take a closer look at the Superstar, the second ship supplying oil to the Diamond 8. It’s actually much more straightforward. Winson Shipping owns it, and they confirmed the May 2020 transfer to us, but told us the ship was leased to someone else when the operation took place. But they haven’t said who. Together, these details indicate how Winson Shipping is connected to both ships that provided oil to the Diamond 8, even after the ship had been publicly outed by the UN for illicitly delivering oil to North Korea. So let’s look at the Diamond 8 itself. Winson Shipping actually owned it until 2016. And from then until 2018, every company linked to it listed their addresses and office space as owned by Winson Shipping. When we talked to their shipping manager, he said that Winson Shipping sold the ship years ago, but he also made a bold statement: It’s “ten thousand percent impossible” that it ever went to North Korea. That’s not true. Our investigation and U.N. reports show the Diamond 8 has been to North Korea at least four times since late 2019. So finding out exactly who is behind the Diamond 8 is not straightforward or easy. To learn more, we had to look to Indonesia. The registered owner of the ship is Tan Jeok Nam, a 62-year-old retiree who lives here in a modest neighborhood. He told us that he was simply a sailor who couldn’t afford to buy the $1.4 million vessel. Something clearly doesn’t add up. So we set out to find who sold him the ship — at least on paper. When we reviewed the bill of sale, we noticed the seller appears to be the daughter of Hong Kong-based businessman Tsoi Ming Chi. Tsoi is also linked to the company that manages the Diamond 8. When we visited that company in Indonesia, there was no sign of a shipping business. It’s another dead end. So back to the retired Indonesian sailor, Tan. There’s one more thing you need to know about him. He actually used to work on oil tankers. One of the tankers belonged to a Hong Kong company owned by the late Wong Tin Chuk. Wong, Tsoi — these two businessmen have something else in common. They both have links to Winson companies, including through a leased office space, mortgages, and have exchanged ships with each other, according to a report by research groups RUSI and C4ADS. And there’s a personal nexus, too. Wong and Tsoi are tied to the Winson Group’s founder, Tony Tung, through the same village in China’s Fujian region, population 2,600. In fact, all three belonged to the village’s hometown club and the alumni association of the same middle school. Two of them have been accused of smuggling in the past. Take Tony Tung, for example. He’s faced multiple smuggling and bribery investigations. His only conviction was later overturned. Soon after he founded the Winson Group in the 1990s, Tung and his brothers were accused of smuggling cigarettes and oil into China, according to court documents and state media. One of Tung’s brothers was sentenced to life in prison. He served three years and was later pardoned. At the time of the trial, Tung had already left China. Over the last five years, Tung has stepped down from executive positions at the Winson Group and handed over the reins to his daughter, Crystal Tung. In a statement to The Times, she said, “The allegations against Winson Group are unfounded and false. Winson Group did not take any actions in violation of applicable sanctions against North Korea or any sanctioned countries.” After The Times asked questions about the company’s involvement in oil deliveries to North Korea, Winson Shipping Taiwan changed its name to Zheng Yu Shipping. Chien Yuan Ju, the executive who spoke to The Times, was also replaced as the official representative of the company. The mysterious retired sailor, the oil trader, the maze of companies — taken together, they expose an elaborate system that conceals one way oil is getting to North Korea despite some of the strongest sanctions in history, and how Kim Jong-un continues to defy the international community. As for the Diamond 8, it’s back in Fujian, China, awaiting its next orders. Its operators are now using a new trick: transmitting a fake ship name to hide its true identity. “Hey, this is Christoph, one of the reporters on this story. We spent months investigating who is providing oil to a sanctions-busting tanker that is delivering oil to North Korea. We looked at a lot of satellite images, reviewed corporate records and interviewed key players. It was a massive team effort involving reporters in four countries. What you’ve just watched is only a small part of our reporting, and you can find more details at nytimes.com/ visualinvestigations. If you have any other info on this story, we’d love to hear from you. And, of course, if you like what you’re seeing, subscribe to The New York Times. Thanks.”

View Source