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Planned shift from gas to electric heat required to avoid high costs and emissions: report

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First-of-its-kind analysis finds provinces should stop expanding gas infrastructure and invest in electrification to ensure building heating remains reliable and affordable in the transition to clean energy.

OTTAWA, ON, June 13, 2024 /CNW/ – New research published today by the Canadian Climate Institute finds that a system-wide shift from gas to electric heat is the lowest-cost path through the clean energy transition. The report, Heat Exchange: How today’s policy choices will drive or delay Canada’s transition to clean, reliable heat, concludes that provincial government action will be  necessary to protect reliability and avoid high costs for consumers as the energy transition accelerates.

Expanding gas infrastructure to heat buildings today is like investing in a chain of video rental stores 15 years ago

The report finds that changing the energy mix for building heat in both homes and businesses—and changing energy infrastructure to support the shift from gas to electricity—will be necessary to reduce emissions from buildings and meet Canada’s climate goals while also minimizing costs. If investment in the gas network continues to grow and gas connections continue to be the default for new buildings, then governments, shareholders, and remaining gas consumers could find themselves on the hook for the costs of overbuilt and underused gas infrastructure, as more people switch to cleaner options.

Heat Exchange presents a case for provinces taking a new approach in planning  and regulating electric and gas utility infrastructure to better protect the public interest, now and in the future.

FACTS FROM HEAT EXCHANGE

In all provinces and scenarios the Climate Institute examined, the lowest-cost pathway to net zero by 2050 for the economy results in electricity becoming the dominant energy supply for building heat.Reaching net zero emissions in residential, commercial and institutional buildings means substantial declines in gas use in every province—in places like Ontario, gas usage drops between 89 to 98 per cent from today’s levels. In Alberta, demand drops between 70 and 87 per cent.Today, more than five million homes in Canada (34 per cent) already heat with electricity, mostly baseboards. To meet net zero, 99 per cent of home heating in 2050 is projected to be entirely or mostly powered by electricity, including, in some cases, heat pumps backed up by gas in a hybrid system.Our research found that a cost-effective energy transition in buildings will mean heat pumps are used to heat the vast majority of homes by 2050. While scarce low-carbon gases like biomethane and hydrogen will likely see some use in industrial buildings,they are expected to play only a marginal role in heating commercial and residential buildings.

QUOTES

“Protecting consumers in the energy transition means making electricity the default in new buildings in most cases, instead of gas. While the infrastructure we’re building today will be with us for 40 to 60 years, this research shows that achieving climate goals will mean a shrinking role for gas well before then. A manageable transition that protects affordable and reliable building heating requires provinces to stop expanding gas networks now, and start planning for the future.”
SACHI GIBSON, RESEARCH DIRECTOR, MITIGATION

“Expanding gas infrastructure to heat buildings today would be like investing heavily in a chain of video rental stores 15 years ago. Energy systems need to plan for the reality that is arriving on our doorstep. The smart approach to protect consumers and ensure affordable, reliable energy in the future is to grow the electricity system—not lock in more dependence on gas.”
JASON DION, SENIOR RESEARCH DIRECTOR

“Right now, regulators make choices about infrastructure that will affect ratepayers’ costs for decades—but those decisions are not required to factor in climate goals, including reaching net zero emissions. That big disconnect could drive up energy bills in the decades ahead. Provinces need to make forward-looking decisions about energy system investments, and they need to make plans and policies today to protect consumers in the economy-wide energy transition that’s underway.”
KATE HARLAND, RESEARCH LEAD, MITIGATION

RESOURCES

Report│Heat Exchange: How today’s policy choices will drive or delay Canada’s transition to clean, reliable heat

Report│Heat Pumps Pay Off: Unlocking lower cost heating and cooling in Canada (September 2023)

Case studies│ Heat Pumps Are Hot in the Maritimes (April 2023), Hybrid Heat in Quebec (April 2023), St Laurent Denied (April 2023)

Blog│Change is in the pipeline: will expanding gas networks leave ratepayers on the hook? (March 2024)

SOURCE Canadian Climate Institute

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Caris Life Sciences Submits Application to New York State Department of Health for Caris Assure Blood‑Based Testing Authorization

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IRVING, Texas, May 8, 2026 /PRNewswire/ — Caris Life Sciences® (NASDAQ: CAI), a leading patient-centric next-generation AI TechBio company and precision medicine pioneer, today announced that it has submitted an application to the New York State Department of Health (NYSDOH) Clinical Laboratory Evaluation Program (CLEP), administered through the Wadsworth Center, seeking authorization to perform Caris Assure®, its blood‑based molecular profiling test, on specimens originating from New York State.

Caris Assure is a blood‑based molecular profiling test designed to support comprehensive biomarker analysis using a minimally invasive blood sample. Caris Assure uses circulating nucleic acids sequencing (cNAS) to analyze the whole exome (DNA) and whole transcriptome (RNA) of 22,000 genes. This comprehensive test identifies tumor alterations, clonal hematopoiesis (CH) and inherited variants, pharmacogenomic alterations, microsatellite instability (MSI) and tumor mutational burden (TMB).

The submission initiates the formal review process required by New York State for clinical laboratories seeking to perform testing on specimens collected from New York patients. Through the Wadsworth Center, CLEP conducts comprehensive reviews of laboratory permits and laboratory-developed tests to evaluate analytical validation, quality systems, personnel qualifications and compliance with applicable state regulations.

“Caris is committed to meeting the highest standards for laboratory quality, validation and regulatory compliance,” said David Spetzler, MS, PhD, MBA, President of Caris Life Sciences. “This submission of Caris Assure for review through the New York State Department of Health’s Wadsworth Center reflects our disciplined approach to expanding access to our technologies in a manner that demonstrates the rigor, responsibility and focus on the patient that define Caris Life Sciences and guide our work in the markets we serve.”

At this time, no determination has been made by NYSDOH, and Caris Assure is not authorized for use on blood-based specimens originating from New York State unless and until CLEP authorization is granted.

Caris operates a CAP-accredited, CLIA‑certified clinical laboratory and performs testing in jurisdictions where it is authorized to do so, in accordance with all applicable federal, state, and local regulations. Any future availability of Caris Assure in New York State will be contingent upon completion of the CLEP review process administered by the Wadsworth Center and receipt of the appropriate authorization.

About Caris Life Sciences
Caris Life Sciences® (Caris) is a leading, patient-centric, next-generation AI TechBio company and precision medicine pioneer actively developing and commercializing innovative solutions to transform healthcare. Through comprehensive molecular profiling (Whole Genome, Whole Exome and Whole Transcriptome Sequencing), advanced AI and machine learning, Caris has created the large-scale, multimodal clinico-genomic database and computing capability needed to analyze and further unravel the molecular complexity of disease. This convergence of next-generation sequencing, AI and machine learning technologies and high-performance computing provides a differentiated platform for developing the latest generation of advanced precision medicine diagnostic solutions for early detection, diagnosis, monitoring, therapy selection and drug development.

Caris was founded with a vision to realize the potential of precision medicine to improve the human condition. Headquartered in Irving, Texas, Caris has offices in Phoenix, New York, Cambridge (MA), Tokyo, Japan and Basel, Switzerland. Caris or its distributor partners provide services in the U.S. and other international markets.

Forward Looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. All statements other than statements of historical facts contained in this press release are forward-looking statements, including statements regarding our business, solutions, plans, objectives, goals, industry trends, financial outlook and guidance. In some cases forward-looking statements can be identified by words such as “may,” “will,” “should,” “would,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “potential,” “contemplate,” “believe,” “estimate,” “predict,” or “continue” or similar expressions.

You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in these forward-looking statements are reasonable based on information currently available to us, we cannot guarantee that the future results, discoveries, levels of activity, performance or events and circumstances reflected in forward-looking statements will be achieved or occur. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond our control. Risks and uncertainties that could cause our actual results to differ materially from those indicated or implied by the forward-looking statements in this press release include, among other things: our future financial performance, results of operations or other operational results or metrics; development, analytical and clinical validation, timing and performance of future solutions by us and our competitors; commercial market acceptance for our solutions, including acceptance of preventive as well as diagnostic testing paradigms, and our ability to meet resulting demand; the rapidly evolving competitive environment in which we operate; third-party payer reimbursement and coverage decisions related to our solutions; risks related to data management, storage, and processing capabilities and our ability to integrate and deploy artificial intelligence and advanced data analytics technologies; our ability to protect and enhance our intellectual property; regulatory requirements, decisions or approvals (including the timing and conditions thereof) related to our solutions, including our application for New York State Department of Health approval for Caris Assure; reliance on third-party suppliers; risks related to data security, patient privacy, and compliance with healthcare data protection regulations as well as potential cybersecurity threats to our data platforms; our compliance with laws and regulations; the outcome of government investigations and litigation; risks related to our indebtedness; and our ability to hire and retain key personnel as well as risks, uncertainties; and other factors described in the section titled “Risk Factors” and elsewhere in our Annual Report on Form 10-K filed on March 3, 2026, and in our other filings we make with the SEC from time to time. We undertake no obligation to update any forward-looking statements to reflect changes in events, circumstances or our beliefs after the date of this press release, except as required by law.

Caris Life Sciences Media:
Corporate Communications
CorpComm@CarisLS.com
214.294.5606 

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SOURCE Caris Life Sciences

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Dover Declares Regular Quarterly Cash Dividend

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DOWNERS GROVE, Ill., May 8, 2026 /PRNewswire/ — The Board of Directors of Dover Corporation (NYSE: DOV) today declared a regular quarterly cash dividend of $0.52 (fifty-two cents) per share, payable on June 15, 2026, to shareholders of record as of May 29, 2026.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Investor Contact:

Media Contact:

Jack Dickens
Vice President – Investor Relations
(630) 743-2566
jdickens@dovercorp.com

Adrian Sakowicz
Vice President – Communications
(630) 743-5039
asakowicz@dovercorp.com

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SOURCE Dover

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Pillar Accounting & Technology Launches With a Tech-Driven, Complete-System Approach to Accounting and Advisory

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Pillar Accounting & Technology officially launched on May 8, 2026, as a dedicated outsourced accounting and technology advisory firm built to help CPA firms, nonprofits, and growing businesses gain financial clarity, strengthen operations, and scale with confidence.

JACKSONVILLE, Fla., May 8, 2026 /PRNewswire-PRWeb/ —  Pillar Accounting & Technology officially launched today as a dedicated outsourced accounting and technology advisory firm built to help CPA firms, nonprofits, and growing businesses gain financial clarity, strengthen operations, and scale with confidence.

“Most businesses don’t need another disconnected service provider. They need a complete accounting system that actually works,” said Founder Shelly Lingor. “That means clean books, integrated technology, clear reporting, and people who can help turn financial data into real business decisions.”

Founded by Shelly Lingor, Pillar was created in response to a growing challenge across the accounting industry: businesses and CPA firms increasingly need strategic, technology-enabled accounting support, but many do not have the internal capacity or infrastructure to build it effectively themselves.

Pillar delivers fully managed accounting ecosystems that combine cloud accounting, technology integration, workflow optimization, and advisory support into one connected system. The firm provides services ranging from day-to-day accounting operations through fractional CFO and strategic advisory support.

“Most businesses don’t need another disconnected service provider. They need a complete accounting system that actually works,” said Lingor. “That means clean books, integrated technology, clear reporting, and people who can help turn financial data into real business decisions.”

Pillar serves four core client groups:

CPA firms seeking outsourced Client Accounting Services (CAS) support without expanding internal headcountNonprofit organizations requiring compliant, specialized financial managementGrowing businesses that have outgrown basic bookkeepingE-commerce and multi-entity businesses in need of stronger operational and financial systems

Unlike traditional outsourced accounting providers, Pillar does not offer tax preparation or wealth management services. That positioning allows the firm to operate as a collaborative, non-competing partner to CPA firms and advisory practices.

The firm’s technology-forward model includes expertise in platforms such as QuickBooks Online, Xero, A2X, Cin7 Core, workflow automation systems, and emerging AI-driven operational tools. Pillar also provides accounting system implementation, workflow design, cloud migrations, secure client data hosting, and ongoing optimization support.

Pillar’s launch comes at a time when many CPA firms are overwhelmed by bookkeeping demands, staffing shortages, and growing client expectations around technology and advisory services.

“We’ve seen firms spend too much time buried in accounting cleanup and operational issues instead of focusing on higher-value advisory work,” Lingor said. “Our role is to remove that burden so firms and business owners can focus on growth, strategy, and serving their clients well.”

The company’s leadership team includes Jay Kimelman, who recently joined the firm as Chief Operating Officer and leads Pillar’s Virtual Chief Technology Officer (VCTO) practice. His background in outsourced accounting, automation, systems integration, and AI-driven workflows strengthens the firm’s operational and technology capabilities.

Pillar’s approach is rooted in what the firm describes as a “no-judgment partnership” philosophy—recognizing that many businesses seeking accounting support are navigating rapid growth, operational complexity, or financial systems that have fallen behind.

“Messy books are usually a symptom of growth without infrastructure,” Lingor said. “We’ve seen this before. Our job is to help clients build the systems and visibility they need moving forward.”

The firm will initially focus on serving clients and partners throughout Florida and Georgia, with a broader nationwide growth strategy centered on CPA firm partnerships and cloud-based service delivery.

For more information, visit pillaraccountingandtechnology.com.

ABOUT PILLAR ACCOUNTING & TECHNOLOGY

Pillar Accounting & Technology is a technology-enabled accounting and advisory firm serving CPA firms, nonprofits, and growing businesses. The firm provides outsourced accounting, cloud accounting systems, and strategic advisory services designed to deliver clean financials, operational clarity, and better business decision-making. Pillar combines integrated technology with expert human support to help clients build scalable accounting systems that grow with their businesses.

Media Contact

Shelly Lingor, Pillar Accounting & Technology, 1 9047549488, slingor@pillaraccts.com, https://pillaraccountingandtechnology.com/

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SOURCE Pillar Accounting & Technology

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