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

Marnane anticipates big Boom run

first_img Press Association “It was nice to see the filly he beat win so easy in Sligo and the horse is in good order,” said the trainer. “He came out of his last race well and this is next port of call. It’s a step up, so we’ll see how he gets on. “I’m happy with him and hopefully the ground will be all right. He likes good ground and if it’s any worse than that, he might not run.” Boom The Groom faces no easy task as he looks to keep his unbeaten record intact, with Aidan O’Brien double-handed. The master of Ballydoyle unleashes runaway Gowran Park winner Indian Maharaja, as well as Bluebell. John Murphy’s Captain’s Affair looks to prove his winning debut at Gowran was no fluke. The field is completed by Jim Bolger-trained newcomer Ceisteach and David Wachman’s Fly To The Moon. Trainer David Marnane is looking forward to seeing impressive maiden scorer Boom The Groom test his powers at Listed level in the Coolmore Canford Cliffs Stakes at Tipperary on Friday evening.center_img The Kodiac colt proceeded to make all the running on his racecourse debut at Fairyhouse a month ago and the form received a boost when the third home Pixie Hollow, struck on her next start at Sligo on Wednesday. Marnane is hoping the rain stays away from Tipperary ahead of his colt’s next assignment. last_img read more

Gerrard delight at Anfield upgrade

first_img But the 34-year-old, who has spent his entire career with Liverpool, is thankful Anfield will remain home to the club who have been English league champions 18 times. Liverpool abandoned plans to leave the stadium for a larger new home two years ago, and news that building work will start on Monday has highlighted a long-term commitment to the arena. Gerrard said: ” It’s very exciting news that we have finally got around to extending Anfield. For me, it was all about staying at Anfield. As much as I like new stadiums, I’m more traditional and I like the old stadiums like the Camp Nou and places like this, where all the history and all the memories happen.” He added: ” There have been so many unbelievable nights and memories here, it would have been a shame to leave it all and for this to have become houses or apartments. “Now that they are going to extend the stadium, it’s going to become even bigger, better and noisier. Hopefully there are many more fantastic memories to come.” Liverpool manager Brendan Rodgers believes increasing the number of supporters that can pass through the Anfield turnstiles is key to the club’s long-term success. “It’s very important. When you look across the globe and football, some of the stadiums hold up to 80,000 or 90,000 people,” Rodgers said. “So it’s very important commercially and very important for football that’s aligned and it benefits the football club, because first and foremost there are more supporters getting in. “It is vital to have another tier on top of the main stand here and that will be amazing. Obviously commercial revenue is very important in football and how that can be built up allows you to compete in the future.” Press Association A Main Stand redevelopment will see its capacity rise by around 8,500 seats, meaning the stadium will be able to hold 54,000 spectators. Captain Gerrard has yet to decide whether to commit to an extension to his current Liverpool contract, which expires at the end of the season. center_img Steven Gerrard hopes there are “many more fantastic memories to come” for Liverpool at Anfield after the club confirmed the stadium expansion is set to begin. last_img read more

Nigeria President Muhammadu Buhari ‘floors’ boxer Anthony Joshua

first_imgFootage of the earlier meeting in the British capital was also later posted on YouTube by Nigerian broadcaster Channels.One of President Buhari’s aides, Tolu Ogunlesi, posted photos of the meeting on Twitter, writing: “AJ!!! Today in London with the president.” ‘I’m happy at Crystal Palace’ – Jordan Ayew says amid transfer speculation ‘We want to play in big competitions’ – Jordan Ayew targets European spot with Crystal Palace British boxer Anthony Joshua has been pictured prostrating before Nigerian President Muhammadu Buhari in London.Joshua, who is of Nigerian descent, also told the gathering he would “stand up for Nigeria” whenever it was needed.The pictures have had a mixed response on social media, with critics of Mr. Buhari angry that Joshua didn’t raise the challenges faced by Nigerian youth.Joshua said in an Instagram story: “It’s not about politics. It’s about culture and respect for our elders.”Others, however, have praised Joshua for embracing his Nigerian roots, and for prostrating before Mr Buhari – a traditional show of respect to one’s elders.Photos of the two together were met with mixed responses |TOLU OGUNLESIPresident Buhari is in London for the first UK-Africa Investment Summit, which is being held on 20 January. Tags: Anthony JoshuaMuhammadu Buharicenter_img Source: BBC Sports Ivory Coast FA elections: Asamoah Gyan backs Didier Drogba RelatedPostslast_img read more

Starter or not, Ravena makes same impact for Blue Eagles

first_imgAteneo’s match-ups against De La Salle are usually a cause for both teams to bring forward its best cards from the opening bell, yet the Blue Eagles decided to pull off one trick up their sleeves.ADVERTISEMENT The Blue Eagles had a chance of clinching a twice-to-beat advantage prior to their second game against the Green Archers in the UAAP Season 81 men’s basketball tournament, and head coach Tab Baldwin decided that his superstar Thirdy Ravena would come off the bench in a surprise coaching move.This was Ravena’s first game of this season that he came in as a substitute but Baldwin’s move worked its magic as the defending champions swept their season series against last year’s runners-up with a 71-62 win Sunday at Smart Araneta Coliseum.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back Chriss“There was nothing different for me because coach Tab knows what he has to do to prepare a player,” said Ravena.”I just have to be ready to all the instances that may happen and it means I’ll be coming of the bench so be it.”Ravena actually led the Blue Eagles’ offense with 14 points while grabbing 14 rebounds and swatting away two shots. Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Gov’t to employ 6,000 displaced by Taal MOST READ Allen Durham still determined to help Meralco win 1st PBA title Japeth Aguilar embraces role, gets rewarded with Finals MVP plum NU’s Clemente owes career game to teammates “As a veteran I know I have to produce for the team and it’s also a challenge as a player of Ateneo,” said Ravena. “And what made us successful was our mantra of doing it for our teammates.” Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Don’t miss out on the latest news and information. Tim Cone, Ginebra set their sights on elusive All-Filipino crown He also had to play deeper into the lane after big men Angelo Kouame, Raffy Verano, and Isaac Go got into foul trouble during the first half.“We lost our bigs early in the game but it’s all about the team mentality of ‘next man up,’” said Ravena.And even though he didn’t start the game, Ravena had his imprint in the finish.Ravena capped off the Blue Eagles’ 11-2 run with a booming three-pointer that gave them a 71-58 buffer with 2:06 left in the game.And that scoring spurt ultimately doomed the Green Archers, who fell to an 8-5 record while they watched the Blue Eagles capture the twice-to-beat advantage with a league-leading 11-2 record.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next LATEST STORIES Nadine Lustre’s phone stolen in Brazil Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew View comments Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity.last_img read more