BNP Paribas Asset Management tightens coal investment policies

first_imgBNP Paribas Asset Management tightens coal investment policies FacebookTwitterLinkedInEmailPrint分享Reuters:BNP Paribas Asset Management, the investment management arm of the French bank, is to stop investing in companies that obtain more than 10 percent of their revenue from thermal coal.The exclusion of such companies producing thermal coal and generating electricity from coal was announced on Thursday and will come into effect at the start of next year as part of the fund’s strategy to reduce economic risk within its portfolios as coal becomes uncompetitive as a fuel for power generation.BNP Paribas Asset Management, which had nearly 400 billion euros ($452.6 billion) of assets under management at the end of last year, said it will exclude companies that derive more than 10 percent of their revenue from mining thermal coal and/or account for 1 percent or more of total global production.Power generators with carbon intensity – the level of carbon emissions per unit of economic growth – above the 2017 global average of 491g of carbon dioxide per kilowatt hour (CO2/kWh) will also be excluded, it said.“From an investment perspective the outlook for the coal industry looks increasingly uncertain as less carbon-intensive fuel sources, in particular renewables, become ever more competitive,” said Mark Lewis, global head of sustainability research at BNP Paribas Asset Management.More: BNP Paribas fund arm to exclude some coal and mining companieslast_img read more

Time for the ultimate examination

first_imgThis is my 100th article to be published by CUInsight. By far, it has been the most difficult to write. It was difficult given all the uncertainty of the moment. The credit union movement hasn’t faced a bigger challenge. I’m confident we will collectively get through it and be stronger for it, but things will be different in a lot of ways.I have spent a lot of time during the past month talking with credit union leaders. Conversations have been focused on crisis management, potential outcomes, stakeholder needs, access to resources, and, of course, concern over their next regulatory examination.NCUA deserves high marks thus far in its response to the pandemic: regulatory flexibility, grants for LID credit unions, and expressing that it will limit the burden imposed on credit unions so they can focus on providing uninterrupted service to their members.However, despite the tools and reassurances offered, many credit unions are of the mindset that “we’ll believe it when we see it.” There is a lot of concern that as credit unions are encouraged to act in the best interest of their members and staff, there will be little flexibility or understanding from their examiners when the time comes.As always, credit unions need to act in the best interest of their stakeholders. Their actions will in part influence the results of their next exam. This is a test for examiners as well. We’ll be watching how they respond to the challenges credit unions faced during the pandemic. I was disappointed to learn last week that examiners reached out to two small credit unions, both I would consider national best practices, to schedule an exam this month (April). For the life of me, I don’t understand why their exams couldn’t wait at least until the shelter in place order is lifted. I don’t think the examiners involved considered the impact an exam would have on a seven- or eight-person credit union team learning to work remotely and trying to meet high member needs.Other exams of greater importanceCredit union leaders are in the midst of far greater exams. Their current actions are being closely examined by staff, members, and the communities they serve. I believe that the results they get from these exams will far outlast any short-term regulatory exam – and they may be far less forgiving.Staff – How we respond to staff safety, security, and well-being today, during times of unprecedented crisis, will influence the credit union’s internal culture for years to come. Our words and our deeds are being observed. If profit is placed before people, they will know and those who remain after the crisis will remember. They won’t remember excuses; they will remember what you did. I suspect future applicants will want to know how a prospective employer treated staff during the great shutdown. Employees who feel valued during this mess will work harder and be more committed to the organization and the team. Members – The consumers we serve are scared, and many are unprepared for this. Experian just released its Look Ahead 2020: Consumer Insights report. The results are from a national survey conducted between March 27 and April 3, 2020. One of the key insights was that 24 percent of survey respondents have already filed or plan to file for unemployment during the next 30 days (the number has likely increased during the last two weeks). How we respond to member needs at this time will determine our loyalty metrics for years to come. While people are slow to remember who gave them the best auto rate, they will be quick to remember who helped them during a time of crisis. There has never been a better time to earn member loyalty. The lengths credit unions leaders are going today to support members in crisis are remarkable. Regardless of size, credit unions are stepping up with examples that include loan deferments, interest-free emergency loans, fee waivers, and more. I’ve never been prouder to belong to the credit union movement. Community – Now is the time to leverage the credit union’s brand in our local communities. We do this in many ways. First, we support “community” when we financially help individual consumers within the community. Second, we support community when we find ways to collaborate with community partners to meet emerging and unmet needs. This could range from gathering relief supplies to interest-free loans to first responders to fundraising to a community webcast to discuss financial concerns, resources, and solutions. The potential list is long. This will not be easy and may be the biggest drain on credit union resources. But those who do it now when times are tough will increase brand recognition, win over new members, and create lasting community partners. Those who don’t won’t be remembered.Why it mattersWe will collectively make it through this pandemic, but things will dramatically change. I don’t have a crystal ball and can’t predict with any accuracy. I’d bet that technology will improve and change the way we deliver service to members. Unless you believe that the current downturn will have a big economic bounce-back (I don’t), the future is likely to be more competitive for loans and member engagement. Opportunities will likely depend on more than a “click.” I think they’ll depend on how well credit union leaders performed on their current exams. Moving forward is going to require more than adequate capital. It’s going to include a loyal team that’s willing to learn new things and work harder. It’s going to require members who believe in the brand, and I’d want to have broad community brand recognition and support.This crisis will define a generation. Now is a time for each of us to give it our all. It will likely be the greatest effort many of us have ever given professionally. But it’s needed now and it’s up to us to show the world what we’re made of and make a meaningful difference. 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Scott Butterfield Scott is the Principal of Your Credit Union Partner, PLLC.Your Credit Union Partner (YCUP) is a trusted advisor to the leaders of more than 100 credit unions located throughout … Web: www.yourcupartner.org Detailslast_img read more

Serena dominates Azarenka to win Italian Open

first_imgSerena Williams returns the ball to Belarus’ Victoria Azarenka during their final match at the Italian Open tennis tournament in Rome, May 19. (AP Photo/Andrew Medichini)by Andrew DampfROME (AP) — Serena Williams won her fourth consecutive title of the year in dominating fashion Sunday, beating third-seeded Victoria Azarenka 6-1, 6-3 in the Italian Open final.The top-ranked American will enter the French Open, which starts next Sunday, on a career-best 24-match winning streak.Williams was coming off consecutive titles in Miami; Charleston, South Carolina; and Madrid last week.She didn’t drop a set while winning this title.Williams’ only previous title at this clay-court event came in 2002, when she beat Justine Henin in the final.That was also the year she won her only title at Roland Garros. Last year in Paris, Williams lost in the opening round of a major for the first time, falling to 111th-ranked Virginie Razzano of France.Later, Roger Federer and Rafael Nadal were renewing their rivalry in the men’s final at the Foro Italico.On a pleasant spring day, Williams immediately took control by breaking Azarenka’s serve twice to take a 3-0 lead in the opening set.The 15-time Grand Slam winner slugged winners at will off both Azarenka’s first and second serves, stepping into the court to dictate play at every opportunity.Azarenka grew distraught at the end of the first set, twice slamming her racket on the court in desperation.After trading breaks midway through the second set, Williams took control again when Azarenka double faulted to hand her a 5-3 lead. Williams then served out the match at love and let out a big scream when she unleashed a backhand winner down the line to close it out.Williams held a massive 41-12 edge in winners and served nine aces to Azarenka’s none.Williams improved to 12-2 in her career against Azarenka, who spent 51 weeks at No. 1 before Williams reclaimed the top spot in February.Williams had twice won 21 matches in a row before, although both of those runs came more than a decade ago, in 2002 and the beginning of 2003.Martina Navratilova established the longest women’s winning run in the Open Era at 74 matches in 1984.At 31, Williams is back at the top of her game after missing 11 months in 2010 and 2011 with a right foot injury and a pulmonary embolism.It was Azarenka’s first final since beating Williams for the title in February at Doha, Qatar. That followed the Belarussian’s Australian Open victory. Since then, Azarenka has been slowed by right ankle and left foot injuries.It was the 51st title of Williams’ career. Navratilova also holds the record in that category with a seemingly insurmountable 167 titles. Williams moved within two titles of matching Monica Seles for ninth on the all-time list.Wiilliams was already first among active players and now has seven more titles than her sister Venus, who is second on the list and watched the final from the stands.Earlier in the women’s doubles final, Su-Wei Hsieh of Taiwan and Peng Shuai of China upset the top-ranked Italian pair of Sara Errani and Roberta Vinci 4-6, 6-3, 10-8. Your comments are welcome.Follow us on Twitter  https://twitter.com/NewPghCourierJoin us on Facebook https://www.facebook.com/pages/New-Pittsburgh-Courier/143866755628836?ref=hlDownload our mobile app at http://www.appshopper.com/news/new-pittsburgh-courierlast_img read more

New sewerage network to be developed for Buncrana in 2020

first_imgIrish Water have confirmed that works will commence next year on the Buncrana Sewerage Scheme Network Project. Pádraig Mac Lochlainn received confirmation from the Irish water utility today (Mon).The project includes upgrades to the sewer network and provision of stormwater storage at the existing Buncrana Wastewater Treatment Plant and at the Westbrook pumping station. The stormwater storage will reduce the risk of overflows during storm events and make all Storm Water Overflows (SWO)’s compliant.Irish Water have also confirmed that they have commenced a further project to upgrade the Buncrana Wastewater Treatment Plant.This is currently at the feasibility stage and will complement the Buncrana Sewerage Scheme.Senator Mac Lochlainn said: “I have raised the need for stormwater and sewerage upgrades in Buncrana for many years now and I welcome this confirmation from Irish Water. It has been clear over recent years with stormwater and overflow problems at Westbrook and the Buncrana Wastewater Treatment Plant that we need adequate overflow tanks or stormwater storage at these locations.“The recent no swim warnings for Lady’s Bay are the latest evidence of this,” he added.“It is also important that the level of sewerage treatment at Buncrana Wastewater Treatment Plant is upgraded substantially and again, I welcome Irish Water’s commitment to addressing this too but time is of the essence.Irish Water have also confirmed that there will be upgrades to the sewage pipe network around the town in the works, scheduled for next year.“I will continue to monitor developments closely until all of these projects are advanced.” New sewerage network to be developed for Buncrana in 2020 was last modified: September 9th, 2019 by Shaun KeenanShare 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)last_img read more

Sabean details progress of Bart, Ramos and Shaw

first_imgMILWAUKEE–After the Giants traded Andrew McCutchen to the Yankees last week, outfield prospect Chris Shaw received a call to join the roster and made his major league debut.A 2015 first round draft choice, Shaw led the organization with 24 home runs at Triple-A Sacramento this year and he already boasts the longest home run hit by a Giants player this season. But outside of a 468-foot solo shot at Coors Field, Shaw has struggled to adjust to major league pitching and has struck out in 10 of …last_img

Ancient Israeli City Was Already Advanced

first_imgOne of the earliest archaeological sites ever found in Israel is being described as the ‘New York’ of its day.Archaeologists from the Israel Antiquities Authority have been excavating a fascinating site in Israel north of the city of Tel Aviv called En Esur. It was discovered two and a half years ago during construction of roadworks. This week, the researchers made their findings public. It’s an Early Bronze Age site they estimate was built 5,000 years ago, contemporaneous with the first Egyptian pharoahs. That’s not all; the site shows another occupation at the site 2,000 years earlier. Here are some of the news sites announcing the find with photos and descriptions:Archaeologists Uncover an Early Bronze Age ‘New York’ in Northern Israel (Newsweek). The site “would have dwarfed the more well-known cities of Megiddo and Jericho in southern Israel,” this article says.Not only was En Esur large in its heyday compared to other ancient Levantine cities, but it was also intricately planned, Haaretz reported. It had large silos designed for efficient food storage, and the roads of its intricate network of streets were covered with plaster and stones to help prevent flooding.Gigantic Prehistoric City Found in Israel During Roadworks (Haaretz). “En Esur, with its monumental temple and huge population, was vastly bigger than anything thought possible in the Southern Levant 5,000 years ago.”While the people at En Esur had not yet developed a writing system, they had very strong trading contacts with other regions, as evidenced by the presence of pottery that came from as far as the Jordan Valley and Egypt, Paz says.All this points to a complex and stratified society, which was probably ruled as a chiefdom by a local elite, the archaeologist notes.Ancient Megalopolis Uncovered in Israel Was the ‘New York City’ of Its Time Period (Live Science). The site was ten times larger than Jericho. Photos show a well-organized system of buildings, both homes and public facilities.The archeologists also uncovered millions of pottery fragments, flint tools, basalt stone vessels and a large temple filled with burnt animal bones and figurines — such as one of a human head containing a seal impression of human hands lifted into the air. In the temple’s courtyard, archaeologists found a huge stone basin that held liquids, most likely for religious rituals, according to the statement.This ancient city spanned 0.65 kilometers and was likely home to around 6,000 people.Ancient ‘New York’ discovered in Israel as archaeologists uncover lost Bronze Age city (Fox News). This article includes other recent archaeological finds that support Biblical passages. Regarding En Esur, the lead archaeologist says it is re-writing textbooks:“There is no doubt that this site dramatically changes what we know about the character of the period and the beginning of urbanization in Israel,” said Itai Elad, Yitzhak Paz, and Dina Shalem, who are directing the excavation on behalf of the Israel Antiquities Authority, in a statement sent to Fox News. “This is a huge city – a megalopolis in relation to the Early Bronze Age, where thousands of inhabitants, who made their living from agriculture, lived and traded with different regions and even with different cultures and kingdoms in the area.”5,000-Year Old City, Largest in Ancient Israel, Exposed in Sharon Valley (Jewish Press). The IAA has brought in thousands of students to take part in the excavation project. One thing they are learning with hands-on experience is that the experts were wrong about urban planning so long ago.“Such a city could not develop without a guiding hand in the form of an administrative mechanism. Its impressive planning, the tools brought over from Egypt which were found at the site, and the seal impressions, are proof of this. It is a huge city – a megalopolis in the context of the Early Bronze Age, where thousands of inhabitants, who made their living from agriculture, lived and traded with different regions and even with different cultures and kingdoms in the area,” they said.Biblical Archaeologists in Israel Make Stunning Discovery of 5,000 Year Old City of Ein Esur, Largest Ancient Settlement Ever Found in Region (NTEB). This evangelical Christian website includes a video clip by the IAA, where the discoverers describe the significance of the find, with flyovers of the site and close-ups of the work. This may be the best way to get introduced to Ein Esur in terms of photos and information. Dr Paz calls it “one of the most important sites today in the land of Israel,” and even outside the land of Israel as far as Jordan, Lebanon and southern Syria. Paz says that this will change forever what we know about urbanization at the time, and “What we know now will change what is written today in the traditional books, when people read about the archaeology of Israel.”It’s always exciting to see discoveries that touch on what the Bible says. There’s no need to quibble right now about the dates; some will object to 7,000 years and the date of the Noah, etc. The important thing to note is that the experts were stunned and surprised. The evolutionary storytellers want to see slow-and-gradual development in everything. Here, a complex, well-planned city took only a short time to develop, long before Abraham, Moses, and King David. It shows that humans have always had the capacity for organization and design. When some secular archaeologists are looking at a complex ‘megalopolis’ right there in Israel, why would they ever think that later kings and leaders were incapable of urban planning, language and culture? By the time of Abraham, Ein Esur would have already been old news. The massive cities in Mesopotamia and Egypt, furthermore, popped up rapidly without slow and gradual evolution.This fits what the Bible says about mankind, and the dispersal at Babel after the Flood. There would only have been a short fuse after the Flood before the explosion of urban and cultural wonders all over the Fertile Crescent and beyond. Archaeologists continue to marvel at the megalithic monuments around the world. Sites like Gobekli Tepe amazed scientists at the highly-organized and creative structures even without written language evident. Certainly spoken language, with translation ability, was very common to establish trade with distant kingdoms and carry out urban organization. Before long, clay tablets were recording ordinary financial transactions and legal disputes. When evolution-trusting ‘experts’ are surprised at the capabilities of early man, we should take the cue to toss out their assumptions. People have always been intelligent and capable of great cooperative projects. It may be the case that we have devolved from our ancestors. Our only advantage is in the collective memory of discoveries written in books, and taught to the young, that sustains the human race from inevitable decay. Sadly, we see the tendency to idolatry that began at Babel continued on through the dispersal of the descendants of Noah. But God carved out one civilization—Israel—to learn the laws of the true God and transmit through their lineage the “Seed” that would come to crush the serpent’s head.(Visited 484 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Charles Rhodes wants crown back

first_imgRhodes, who is set to join a newer cast this season, expressed his excitement playing alongside the likes of spitfire guard Terrence Romeo and versatile forward Christian Standhardinger among others.Rhodes said his biggest motivation will be making up for not being able to help San Miguel defend its crown last year.“I’m pissed off and I’m gonna use that on the court and I will just give everything I got on the court to make sure I [get back] my crown,” he said.Meanwhile, Ben Simmons is set to play for Australia at the Fiba World Cup after confirming in an online video “I’m going to be a Boomer” for upcoming events.Simmons’ NBA season ended when his Philadelphia 76ers were knocked out of the Eastern Conference semifinals on Kawhi Leonard’s Game 7-ending buzzer-beater for Toronto.ADVERTISEMENT Cayetano: Senate, Drilon to be blamed for SEA Games mess ‘Rebel attack’ no cause for concern-PNP, AFP View comments The NBA All-Star told his fans to stay tuned about upcoming events in the video he posted on Twitter but he later confirmed on Weibo, the Chinese social media channel, that he was “looking forward to representing my country Australia” in the World Cup. He’s likely to join the likes of Patty Mills, Andrew Bogut and Matthew Dellavedova in Australia’s squad for the World Cup, which starts on Aug. 31 in China. —WITH A REPORT FROM APSports Related Videospowered by AdSparcRead Next Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue MOST READ DA eyes importing ‘galunggong’ anew PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Two-day strike in Bicol fails to cripple transportcenter_img Defending champs rule Petron race Rhodes, who averaged averaged 28.4 points and 10.5 boards during that stint, revealed that he actually mulled rejoining San Miguel the previous season, but something more important cropped up.“I had a daughter,” he said with a smile. “I just had to be home for her and my wife.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsWithout Rhodes, San Miguel had to opt for its old reliable from its sister team at the Asean Basketball League, NBA-tested Renaldo Balkman.The Beermen lost the title to the Gin Kings in six games. Private companies step in to help SEA Games hosting Catholic schools seek legislated pay hike, too LATEST STORIES Pnoto by Tristan Tamayo/INQUIRER.netSan Miguel Beer is leaving nothing to chance, tapping the services of American Charles Rhodes anew in a bid to regain the PBA Commissioner’s Cup from the clutches of its sister team, Barangay Ginebra.“I’ve always wanted to come back,” said Rhodes, who was an essential cog in San Miguel’s championship run in the midseason conference in 2017. “It just feels like my second home.”ADVERTISEMENT Don’t miss out on the latest news and information. Duterte wants probe of SEA Games messlast_img read more