Norway tightens coal investment rules, expands renewable options for sovereign wealth fund

first_imgNorway tightens coal investment rules, expands renewable options for sovereign wealth fund FacebookTwitterLinkedInEmailPrint分享Bloomberg:Norway plans to tighten restrictions on coal investments for its $1 trillion sovereign wealth fund while opening it up for renewable-energy infrastructure assets.The government proposes to expand its coal ban by adding absolute caps on production of thermal coal, or its use in power generation, which would target big companies such as Glencore Plc, Anglo American Plc, BHP Group Ltd., RWE AG and Uniper SE. The current restrictions, introduced in 2015, have been criticized by politicians from opposition parties and environmental groups because their emphasis on relative thresholds mean miners and utilities with a big exposure to coal were left out.The government proposed to keep the current rules excluding companies that base more than 30 percent of their revenues or activities on coal, while adding absolute limits of 20 million tons of coal for miners and 10,000 megawatts for power capacity.To be sure, the current rules allow the fund to stay invested in a company in breach of the threshold if it has specific plans that would make it compliant at a later point, suggesting that could also be the case for the new restrictions. Norway’s coal ban has already led the fund to exclude 69 companies.The Conservative-led government earlier resisted calls from several political parties and environmental activists to allow the fund to invest in renewable infrastructure, but said on Friday that expectations of significant future investments in these assets made the market interesting.The government proposed a cap of 2 percent of the fund for renewable-energy infrastructure, and signaled that it would start out in developed markets only. It proposed doubling the upper limit on the so-called environment-related mandates to 120 billion kroner ($14 billion), it said in the statement.More: Norway wealth fund to tighten coal ban, add green infrastructurelast_img read more

Asheville Chosen for Haute Route Series

first_imgAsheville, North Carolina will be one of just three American cities, and the only city on the East Coast, to host a prestigious European cycling event next Spring.The three-day event, known as Haute Route, will begin and end in downtown Asheville each day and feature 300 riders from the United States and Europe. It is expected to have more than $1 million of economic impact in the region and solidify western North Carolina as a world-class cycling destination.Asheville skyline. Photo by Dusty AllisonSan Francisco, California and Cedar City, Utah were also chosen to host next year’s series, which is a shorter format version of the typical 7-day Haute Route series.“I think it will be great for the area. The cycling here is unbelievable, and I’m excited we’ll get to showcase that for Asheville,” former Haute Route champion and Brevard, North Carolina resident Matthew Busche told the Asheville Citizen Times.“The Haute Route is all about pushing your limits, so they’ll definitely make it hard. You really can’t ride easy around here anywhere.”Learn more about the 3-day Asheville Haute Route here.last_img read more

German state signs PRI as Frankfurt eyes green finance sector

first_imgHessen’s government wants Frankfurt to become a centre for green financeAt the beginning of 2019, Hessen became the first German province to make it legally binding for the pension reserve fund to invest according to sustainable criteria.Since then companies producing nuclear energy and fossil fuels have “virtually been excluded” from the fund’s universe, Hessen’s government said in the press release.The fund’s investments are managed by the German Bundesbank according to the sustainability criteria set by the province of Hessen.De Nederlandsche Bank, the Netherlands’ central bank and financial regulator, became the first central bank to sign up to the PRI in March this year.Further readingPRI signatories must report climate change risks from 2020 Earlier this year the PRI said it would require its entire book of 2,250 signatories – including asset owners, investment managers and service providers – to report how they have considered specific climate change risks in their portfolios Hessen, which includes the city of Frankfurt, has become the first of Germany’s 16 federal states to sign the UN’s Principles on Responsible Investment (PRI).The state has joined the initiative for its €3.7bn pension reserve fund, which was established in 1999 to build a funded supplementary retirement provision for its civil servants.The region’s minister for economy, Tarek Al-Wazir, noted in a press release that signing the UNPRI was another step towards enhancing Frankfurt’s and Hessen’s standing in green finance.“By now almost all financial locations worldwide have recognised the significance of green finance and the regional government of Hessen wants Frankfurt to take a leading role in this field,” Al-Wazir said. The pension reserve fund has applied an ESG benchmark to its equity investments since 2007.For several years, the fund’s criteria have been sharpened and adjusted to include ecological and social standards, according to a ‘best-in-class’ approach.last_img read more

ICC World Cup ICC Cricket World Cup 2019 Tickets: Where can you book tickets and what are ticket prices?

first_imghighlights New Delhi: The ICC Cricket World Cup 2019 is just one day away with England taking on South Africa on May 30 at The Oval. The World Cup is back in England after 20 years and the hosts will be bidding to win the cup for the first time. The demand for tickets in this quadrennial event is massive and most of England and India’s games have been sold out. Virat Kohli’s Indian cricket team are the star attractions and obviously, most of their games have been sold out. However, there are still some games which the fans can still view. Here is how you can book tickets for the games and here are the prices.How to book tickets online?Go to the official and you need to create or register an account to apply for tickets. The tickets will be available to purchase on a first-come, first served basis. The tickets will be sent out by Royal Mail Tracked, or DHL Tracked for overseas delivery. Once the tickets are on the way, the applicant will receive a tracking number from either Royal Mail/DHL. The latest one can receive the tickets is 5 days before the selected match.Which matches are sold out?As expected, most of the India games are sold out and one will have to burn their wallets to get a ticket in black. However, India vs West Indies still has tickets available as well as India vs Bangladesh. Here are the matches that have been sold out England vs South Africa, South Africa vs India, India vs Australia, England vs West Indies, India vs Pakistan, India vs Afghanistan, Pakistan vs South Africa, England vs Australia, New Zealand vs Australia, England vs India, Pakistan vs Bangladesh, Sri Lanka vs India, Semi-final 1, Semi-final 2, FinalWhat is the cost of the ticket?Most important. The cheapest ticket will be 40 British Pounds, which is Rs 3600. The most expensive is 100 British Pounds, which is approximately Rs 9000. However, the ICC’s ticketing policy has stated that 80,000 tickets will cost GBP 20 or less and 200,000 will cost GBP 50 or less, so supporters of other teams are likely to find value when tickets go on sale.For which matches are the tickets cheap and expensive?For the GBP 40 ticket, it will be for England’s matches against Bangladesh and Afghanistan or India’s match against Afghanistan. England and India fans will pay a minimum of GBP 55 to see their teams and GBP 70 in the biggest games. India’s games against Pakistan, Australia and England are sold out.The cheapest tickets are 40 GBP which is rupees 3600.The most expensive tickets are 100 GBP which is close to Rs 10,000. For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.last_img read more

Ndukwe Boasts Remo Stars Will Maintain NPFL Status

first_imgRemo Stars top goalkeeper, Chizoba Ndukwe, has indicated his readiness to ensure the team maintains its new status in the Nigeria Professional Football League, (NPFL).He told the club’s website about his readiness to contribute his best to Remo Stars’ success in the topflight.”I am willing and ready to assist the team in maintaining the NPFL status by God’s grace”. “God assisted me and the team during the NNL season to gain promotion and I am very sure he will do the same when the NPFL season starts in some days time.”Chizoba who was the team’s number one goalkeeper during the club’s time in the Nigeria National League, (NNL) hailed the team for doing the greater job of making sure the club secured the NPFL slot.“It’s a delight to have the team gain promotion, I appreciate my teammates for doing the greater job during the NNL season and I am sure they will do the same in the NPFL”.The Sky Blue Stars will play Plateau United in the first game of the new NPFL season scheduled for January 15, 2017.Meanwhile, Remo Stars has officially captured the signature of Enudi Solomon from 2016 FA Cup Champions, FC Ifeanyi Ubah.The former El-kanemi Warriors and Sunshine Stars winger said that he joined the Sky Blue Stars to achieve greater things.“I joined Remo Stars to win matches and achieve greater things, also to assist the team maintain their NPFL Status.”“Remo Stars is a young side with ambitions, and prospectus with the zeal to achieve greatness and together we will.”“I also want to score goals to assist my new club, Remo Stars in reaching our desired goals.”Solomon scored the winning goal against Dolphins and scored a brace two seasons ago against his former club, Elkanemi Warriors in the Nigeria Professional Football League, NPFL.The winger will be in line feature for the team against Plateau United in the first game of the new season on the 15th of January, 2017.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

KDOT announces resurfacing project of U.S. 81 from Harvey to Botkin in Wellington

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +1 Vote up Vote down guest · 307 weeks ago The intersection at 15th and G is not new. Should have been in the last project. Report Reply 0 replies · active 307 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments From left at the KDOT ceremony at the council chambers announcing the project are: Ron Seitz, Chief of Bureau of Local Projects; Wellington City Mayor Roger Stallbaumer; Mike King, KDOT secretary; and Jerry Younger, KDOT Deputy Tracy McCue, Sumner Newscow — The city of Wellington has obtained $725,000 in state grants through the Kansas Department of Transportation to reconstruct U.S. 81 from just south of Harvey to the Botkin interchange.The project is slated sometime during the years of 2016 and 2017, said Ron Seitz, KDOT Chief of Local Projects.The U.S. 81 project will extend south of the Harvey intersection and end at Wellington’s southern most street. Once completed, U.S. 81 will have completed road reconstruction from Botkin to A Street including the rebuilt Vandenburgh Ave over the past five years.The resurface project will have a new concrete pad and striping and is budgeted for $1,03 million. The city’s contribution to the project is $280,698.The U.S. 81 reconstruction is one of 46 projects that will improve intersections and road deficiencies in Kansas cities selected for funding through two KDOT programs.Seventeen cities will receive a combined total of approximately $9 million in state funding under the Geometric Improvement program. And, 29 cities will receive a combined total of about $5.4 million under the City Connecting Links, also known as KLINK, program, which funds improvements to state highways that extend through cities.Under the GI program, a city contributes up to 25 percent of the project cost based on its population. Cities under 2,500 in population aren’t required to provide a match. GI projects typically improve drainage, capacity and intersections, add turning lanes and more.KLINK projects involve maintenance work such as resurfacing and are funded up to $200,000.“These programs are very popular with Kansas cities, and every year we receive many more requests for projects than we can fund,” said Kansas Transportation Secretary Mike King.“As a result, funding for the GI program next year will be increased by $2 million, for a total annual commitment of $8 million. And, to catch up with inflation, the maximum state contribution per project under the KLINK program next year will go up 50 percent to $300,000.”The maximum state contribution for a GI project will be increased to $1 million.Cities selected for the GI program and the maximum state contribution include:Seneca, $400,000; Silver Lake, $125,000; Clifton, $700,000; Grandview Plaza, $650,000; Russell, $650,000; Hoxie, $700,000; Sharon Springs, $50,000; Baxter Springs, $650,000; Ottawa, $400,000; Hutchinson, $65,000; Wellington, $725,000; Dodge City, $600,000; Elkhart, $500,000; Leavenworth, $750,000; Osborne, $700,000; Brownell, $700,000; Independence, $650,000.Cities selected for the KLINK program and the amounts awarded include:Emporia, $200,000; Alma, $180,106; Oskaloosa, $144,407; Atchison, $200,000; Lawrence, $200,000; Concordia, $200,000; McPherson, $151,148; Clay Center, $200,000; Junction City, $200,000; Moundridge, $200,000; Abilene, $200,000.Coffeyville, $149,999; Pittsburg, $167,592; Independence, $185,184; Parsons, $200,000; Hoisington, $146,081; Lyons, $200,000; Larned, $200,000; Pratt, $160,800; Great Bend, $169,418; Hutchinson, $170,277; Sterling, $200,000; Wichita, $200,000;Winfield, $200,000; Caldwell, $200,000; Wellington, $200,000; El Dorado, $200,000; Garden City, $173,931; Ness City, $200,000.Follow us on Twitter.last_img read more