Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
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The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
November 17, 2021: -On Tuesday, Germany’s energy regulator said it had suspended the certification process for the Nord Stream 2 pipeline from pumping Russian gas and said the Swiss-based consortium that needs to form a company under German law to secure an operating license.
The pipeline has faced opposition from the U.S and some European states, making Europe too reliant on Russian gas. However, surging gas prices in Europe due to a jump in global demand has fueled some calls for more Russian supplies.
The regulator, the Bundesnetzagentur, said the Swiss company had decided not to turn into a German company but had set up a subsidiary under German law to deal with the section of the pipeline on German territory.
“A certification for the operation of Nord Stream 2 considering once the operator is organized in a legal shape compliant with German law,” the regulator said.
The regulator said it would assess an application after transferring significant assets and budgets for staffing to the German subsidiary.
Once these preconditions met, the regulator said it could continue assessing the submission in the remainder of a four-month application period, running to January.
Nord Stream 2 said the regulator had notified it but added, “We are not in the position to comment on the details of the procedure, its possible duration, and impacts on the timing of the start of the pipeline operations.”
On Monday, Ukrainian gas companies Naftogaz and GTSOU were given notice that they would include the pipeline’s German certification procedure.
Ukraine is opposing the pipeline and will lose the revenues if gas from Russia bypasses channels on Ukrainian territory.
The head of the Ukrainian energy firm Naftogaz welcomed the German regulator’s decision to certification suspension.
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The Fort McMurray First Nation Group of Companies is the wholly owned business entity of Fort McMurray 468 First Nation. It was established in 1987 as Christina River Enterprises, and the organization rebranded as FMFN Group in 2021. Providing Construction, Custodial, Petro-Canada Fuel & Convenience Store, and Transportation services to a broad portfolio of customers, the Group of Companies is creating financial stability and prosperity for the Nation.
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