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

Man City make shock move to bring Kompany back from Anderlecht

first_img Kompany has a Masters in Business Administration and, although now coaching, could see his long-term calling away from the pitch. read also:Vincent Kompany raises alarm over top player’s workload One area City are attempting to recruit in is Pep Guardiola’s assistant manager as the Catalan continues to hunt for Mikel Arteta’s successor. FacebookTwitterWhatsAppEmail分享 Promoted ContentWho Earns More Than Ronaldo?9 Facts You Should Know Before Getting A TattooPlaying Games For Hours Can Do This To Your BodyCan Playing Too Many Video Games Hurt Your Body?Couples Who Celebrated Their Union In A Unique, Unforgettable WayWho Is The Most Powerful Woman On Earth?11 Most Immersive Game To Play On Your Table Top8 Best 1980s High Tech GadgetsThe Highest Paid Football Players In The World7 Things That Actually Ruin Your Phone6 Stunning Bridges You’ll Want To See With Your Own Eyes7 Ways To Understand Your Girlfriend Better Manchester City have approached Anderlecht player-manager, Vincent Kompany, about a stunning return. Kompany insists there is need to put a cap on the number of matches played by players The Daily Mail says Kompany, who had a mixed first term at the helm, intends to stay in the Belgian capital and that could stretch beyond the initially agreed 2022. City had informally discussed the prospect of the defender moving back to the Etihad Stadium and hope he will be ready to take up a prominent position in the future.Advertisementcenter_img Loading… last_img read more

USC to control parking under amended lease

first_imgThe Coliseum Commission released Tuesday a proposed amended lease with USC, which would give the university operational control of the 88-year-old Los Angeles Memorial Coliseum, Sports Arena and adjacent parking lots over the next 42 years.In return, USC would pay $1 million in annual rent for the management rights to the Coliseum, which has played host to the Trojans’ football team since 1923.The school has been in negotiations with the commission since September in the hope of obtaining the master lease, which would give it the opportunity to manage the property. A terms sheet was released in January.The amended lease, which runs through 2054, would be subject to a vote at the commission’s next meeting on May 2 or at a later date. It was originally enacted in 2008.Under the provisions outlined in the 92-page document, USC would be responsible for funding various improvements and restorations in time for the stadium’s 100-year anniversary in 2021. Those costs are expected to total $70 million.In recent years, the commission had trouble affording renovations, which are required under the original lease. Over the last 12 months it has lost roughly $1.4 million, according to financial statements obtained last week by the Los Angeles Times.To fund some of the upgrades, USC would, as a result, have the option to sell the naming rights of the stadium.The lease also includes a provision that would allow the temporary use of the Coliseum by an NFL team, should one relocate to Southern California.last_img read more

GARDA THOUGHT HE COULD DIE AFTER MAN PRODUCED GUN IN PUB ROW

first_imgJohn Moran who denies all charges against him. (North West Newspix)A retired Garda has revealed how he thought he was going to be killed when a man pointed a gun at him during a huge fight outside a Donegal pub.Former Garda John McGrath revealed how he was called to a brawl outside the Orchard Bar in Gleneely on the Ininshowen Peninsula in the early hours of April 5th, 2010. When Garda McGrath and two colleagues arrived, they found a scene of carnage with up to 20 different people including women fighting with each other.A number of those fighting had cuts and were bleeding.As Garda McGrath and his colleagues tried to break up the fighting, a man came towards him and allegedly shouted “I’ll shoot you, I’ll shoot you.”He identified the man as John Moran who had a large cut to his head and was bleeding heavily.Businessman Mr Moran appeared at Letterkenny Circuit Court yesterday charged with making threats to kill, possession of .22 revolver, possession of ammunition and threatening and abusive behaviour – all of which he denies.Giving evidence, Garda McGrath said “He (Mr Moran) was very agitated. He said “I’ll shoot you, I’ll shoot you’ – at me and people around me. I was satisfied if the gun was discharged and was so close, one or more of of us would have been mortally injured.“I was extremely frightened. I called out ‘he’s got a gun, he’s got a gun.’ I withdrew from the line of fire and retreated back to Garda van. I then contacted Buncrana Headquarters and requested assistance.”Another of the officers, Garda Declan Coyne also revealed he felt threatened when he saw Mr Moran produce the black handgun.“I ran for my life,” he revealed.The court was told the row had been very violent with a pregnant woman received bang of a door while another man had his jaw broken.A number of younger people who got caught up in the row had to take shelter in the bar.It was revealed in court the gun was actually a ‘starter’s pistol’ which did not require a gun license.Barrister for Moran, Mr Garnet Orange instructed by solicitor Frank Dorrian put it to Garda McGrath that his client was making the threats to a crowd gathered behind him.Mr Moran, of 160 Serpentine Road, Belfast, has a holiday home in Inishowen.Barrister Orange also referred to the fight scene saying “”It was like a scene from Game of Thrones but without the swords.”The case continues today (WED).GARDA THOUGHT HE COULD DIE AFTER MAN PRODUCED GUN IN PUB ROW was last modified: February 3rd, 2016 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:BelfastdonegalgunJOhn MOranrowlast_img read more