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

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

Neil McArthur – UKGC backs Leeds Clinic to develop stronger community networks

first_img StumbleUpon Share UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 UKGC launches fourth National Lottery licence competition August 28, 2020 Submit Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Related Articles Share Neil McArthur, Chief Executive of the UK Gambling Commission (UKGC) has visited the site of the commissioned ‘Leeds Gambling Support Clinic’, which is due to open this summer.Backed by the NHS Foundation and GamCare with a budget of £1 million per year, the clinic will be the first dedicated problem gambling support centre outside of London.In its mandate the clinic will see GamCare develop its first ‘problem gambling support team’, strengthening the North of England’s gambling support networks, working alongside wider health and community stakeholders such as NHS staff, youth practitioners and further healthcare workers.The Leeds Clinic will be led by Matt Gaskell, a senior NHS Psychologist, who will be further tasked with developing needed research on early detection and intervention of problem gambling.Speaking on his visit, to the Yorkshire Evening Post,  McArthur detailed the UKGC’s full backing of the Clinic, as UK problem gambling stakeholders, seek to develop a wider community network in 2019.“Where people have experienced problems it’s essential that they have seamless access to support and treatment, which involves the combined efforts of a variety of organisations.”“The centre is a great step forward. When its doors are open, it will allow much easier access to services that identify, screen and treat people affected by gambling-related harms.”“The commission welcomes this and we hope the hub in Leeds will form a template for the future.”last_img read more

FA charges AFC Wimbledon manager over E8 betting breaches

first_img Related Articles FA fines two in fresh crackdown on betting rules September 11, 2019 Share Share Submit Wycombe footballer suspended after placing 183 bets January 24, 2020 Downes departs Dons following FA charge October 21, 2019 StumbleUpon AFC Wimbledon Manager Wally Downes has been suspended by the League One club after the Football Association (FA) has issued charges for breaching betting rules.Downes, who has managed Wimbledon since 2018, has been charged by the FA for Misconduct under FA Rule E1(b), after it was found that he had placed eight bets on matches taking place between 30 November 2013 and 12 July 2019. In a statement on the club’s website, it explained: “Wally has been charged by the FA for misconduct in respect of eight bets placed on matches between 30 November 2013 and 12 July 2019.“Given the seriousness of this breach in regulations, the club has decided to suspend Wally with immediate effect, giving time for the club and Dons Trust boards to look at the allegations more closely and make a further announcement in due course.“Saturday’s match with Peterborough United will be managed by Glyn Hodges and the coaching staff.”FA E8 rules on betting conduct prohibit FA registered athletes, match officials, club management, stewards and representatives from placing bets both directly or indirectly on football matches of any level.The news of Downes’ suspension follows on from the FA decision to charge Leeds United midfielder Jordan Stevens after the player was found to be in breach of the governing body’s regulations on betting.The player was found to be in breach of the FA Rule E8, after placing 59 bets placed by the midfielder during the 2018/19 season according to an FA spokesperson.last_img read more