Tullow to sue Heritage in UK

first_imgMonday 18 April 2011 7:52 pm EXPLORER Tullow Oil is suing its former partner in Uganda, Heritage Oil, to recover $313m (£192.7m) that Tullow paid to cover tax on fields it bought from Heritage.Uganda said Heritage was liable for capital gains taxes on the sale, which the Jersey-based company, led by former mercenary boss Tony Buckingham, denies.Tullow paid the government the $313m to secure approval of the change in field ownership, and is now seeking to get the money back from Heritage through the High Court in London. KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe Tullow to sue Heritage in UK Sharecenter_img whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULLlast_img read more

OPAP seals €95m deal to increase Stoiximan stake

first_img Topics: Strategy 8th January 2019 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter OPAP seals €95m deal to increase Stoiximan stake Greek gaming operator OPAP Group has agreed to acquire a 51% stake in Stoiximan Group’s Greek and Cypriot operations for a total consideration of €94.86m.The deal sees OPAP’s OPAP Invest arm acquire the stake from GML Interactive, a subsidiary of Stoiximan parent company TCB Holdings, and gain joint control of the business alongside two of TCB’s existing shareholders.It follows OPAP’s acquisition of a 36.75% stake in Stoiximan, announced in September 2018, for a total consideration of €50m.As part of that deal, which was finalised in December last year, OPAP and TCB signed a pre-agreement that would allow it to take control of the Greek and Cypriot business. Stoiximan generates the bulk of revenue from these two markets, though it is also active in the German and Romanian markets via its Betano brand.The acquisition was subject to a due diligence process, which has now been completed, and clearance from the Greek and Cypriot gaming regulatory and anti-trust authorities, which is yet to be secured.Having generated revenue of €136m and earnings before interest, tax, depreciation and amortisation of around €16m in 2017, OPAP noted that Stoiximan had seen revenue for the first 11 months of 2018 grow by around 30% year-on-year. This was driven by significant growth across all markets, with active customer numbers up around 29% over the same period.For the year ahead the operator aims to further strengthen its position in the Greek and Cypriot markets, invest in its technology and pursue opportunities for expansion in other territories. Strategy Greek operator has completed previously-announced deal to acquire a controlling stake in Stoiximan’s Greek and Cypriot operations Email Addresslast_img read more

President Duarte calls opposition media “enemy of the country”

first_imgNews ParaguayAmericas Help by sharing this information Reporters Without Borders today deplored the “outrageous” charge by President Nicanor Duarte Frutos that opposition media were “enemies of the country” and expressed concern about growing intimidation of local media outlets in the run-up to national elections due next April.Duarte charged that the opposition media wanted to “destroy the future of our country and the dreams of our citizens” when he inaugurated low-cost housing in the eastern town of Guarambaré on 12 November. Two journalists of the daily ABC Color were threatened by officials of the ruling Colorado Party last month for printing criticism of politicians. The party has been in power for the past 60 years.The worldwide press freedom organisation said Duarte, like Colombian President Alvaro Uribe and Bolivian President Evo Morales, was making the media a scapegoat because it criticised the government. “Free elections mean the public is free to criticise politicians and can never be used, under the pretext of democratic legitimacy, to obstruct the media in its job of reflecting public opinion,” it said.Duarte accused media owners of “amassing their fortunes by exploiting workers” and said they prospered the more they “sucked the blood of the people.”A candidate for the governorship of the southern province of Caaguazú, Francisco Alvarenga, who has a reputation for violence, threatened last month to kill the ABC Color correspondent in Coronel Oviedo, Carlos Mariano Godoy. Alvarenga phoned the journalist and warned that if he was not a candidate he would have tracked him down and shot him, saying it was easy for him to kill someone and that he would get even with Godoy, who had written about him in a series of profiles of candidates with bad reputations.The paper’s correspondent in San Lorenzo, near Asunción, Aldo Benítez, was threatened for the same reason by the mayor of Piribebuy, Cayo González, brother of defence minister Roberto González, and parliamentary candidate Víctor González.Frutos, elected in 2003, is constitutionally barred from standing again at the 20 April elections next year. RSF_en Organisation News February 14, 2020 Find out more Latin America’s community radio – a key service but vulnerable Reporters Without Borders deplored President Duarte’s attack on the the opposition media and said such behaviour by Latin American leaders was becoming a bad habit. Brazilian journalist murdered at home in Paraguay Reporter killed in ambush after police protection withdrawn November 14, 2007 – Updated on January 20, 2016 President Duarte calls opposition media “enemy of the country” February 10, 2017 Find out more October 20, 2014 Find out more News Follow the news on Paraguay to go further ParaguayAmericas News Receive email alertslast_img read more

Cyber-censorship continues for Chinese-language websites

first_img News RSF_en Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes June 2, 2021 Find out more Receive email alerts News Reporters Without Borders condemns the continuing online censorship just two days before the Beijing Olympic Games opening ceremony. The authorities unblocked access to certain websites on 1 August, including the Reporters Without Borders website, which had been inaccessible since 2003. But the Chinese-language versions of these sites still cannot be accessed. For example, the home page of Radio France Internationale’s Mandarin site is accessible but the links to all the other pages are blocked.“The partial lifting of online censorship was just another government public relations operation,” Reporters Without Borders said. “ Nothing or almost nothing has changed for Chinese Internet users as very few Mandarin sites have been unblocked. Content referring to human rights, the Tibet region or the Tiananmen Square massacre is still blocked.”The press freedom organisation added: “At the same time as they unblocked certain websites, the authorities blocked access to censorship circumvention tools. Chinese Internet users who do not read English have no option but to go to the websites the Party has decided to make available.” Since 1 August, Radio France Internationale’s Mandarin site has been available for only an hour a day in certain regions of China while its French-language site has been blocked several times. The sites of several human rights organisations such as China Debate or Tiananmen Mothers continue to be unaccessible.Wikipedia’s Chinese-language version is accessible but carefully filtered. Before the government’s decision to change its Internet rules, the site was only intermittently accessible. Chinese online censorship is one of the most precise in the world. The authorities use keyword censorship, which enables them to choose exactly what content can be seen online. The first keywords involving the Olympic Games were introduced in May 2007 and have been regularly updated since then.Access to the Tor website that offers online censorship circumvention software known as proxies is blocked. The blog platforms WordPress and TypePad are also blocked. Available in more than 150 languages, WordPress is the world’s most popular blog publishing tool.Partial list of sites that are still inaccessible- www.boxun.com- www.thechinadebate.org/- http://www.tiananmenmother.org/- www.torproject.org/- http://woeser.middle-way.net/- www.tibetpost.net- www.crd-net.org- www.rsf-chinese.orgPartial list of sites that have been unblocked- http://cn.reuters.com/- http://zh.wikipedia.org/- http://www.rfa.org/mandarin/- http://www.voanews.com/chinese/- http://chinese.wsj.com/gb/index.asp- http://www.ftchinese.com/sc/index.jsp- www.rsf.org August 6, 2008 – Updated on January 20, 2016 Cyber-censorship continues for Chinese-language websites More information on unblocked websites: http://www.isaacmao.com/ and http://www.rsf.org/article.php3?id_article=28032Reporters Without Borders’ advice to foreign journalists covering the human rights situation during the Beijing games.To demand the release of the 50 cyber-dissidents and 29 journalists imprisoned in China, go to http://www.rsfbeijing2008.org on 8 August, the day of the Olympic Games opening ceremony, and take part in a Reporters Without Borders cyber-demonstration outside a virtual version of Beijing’s Olympic stadium. News Help by sharing this information Reporters Without Borders condemns the continuing online censorship just two days before the Beijing Olympic Games opening ceremony.“ Nothing or almost nothing has changed for Chinese Internet users as very few Mandarin sites have been unblocked”, the organisation said. center_img to go further Organisation China’s Cyber ​​Censorship Figures Follow the news on China China: Political commentator sentenced to eight months in prison ChinaAsia – Pacific April 27, 2021 Find out more News ChinaAsia – Pacific March 12, 2021 Find out morelast_img read more

Ryanair out of Shannon

first_imgAdvertisement NewsBreaking newsRyanair out of ShannonBy Bernie English – October 15, 2020 529 WhatsApp RYANAIR has announced the expansion of their Manchester service to Shannon Airport, increasing its operations from five to six days a week.THERE has been widespread concern about the announcement by Ryanair that it is to suspend it’s Winter schedule out of Shannon and Cork.The announcement, made on Thursday, will be a severe bow to the two regions and workers are facing huge loss of income.Ryanair is blaming the Government’s restrictions in relation to Covid and travel for a massive fall-off in bookings.Sign up for the weekly Limerick Post newsletter Sign Up But the airline boss Michael O’Leary, says they will manage the cutback with unpaid leave rather than job losses.“While we deeply regret these winter schedule cuts they have been forced upon us by Government mismanagement of EU air travel,” said the Ryanair CEO.“Our focus continues to be on maintaining as large a schedule as we can sensibly operate to keep our aircraft, our pilots and our cabin crew current and employed while minimising job losses,” he said.“It is inevitable, given the scale of these cutbacks, that we will be implementing more unpaid leave, and job sharing this winter in those bases where we have agreed reduced working time and pay, but this is a better short term outcome than mass job losses,” he added.Commenting on the announcement by Ryanair of their intention to temporarily close their Shannon Airport base for Winter, Mary Considine, CEO of Shannon Group said: “This is very disappointing news not only for Shannon based Ryanair employees and all our  airport team, but for the whole  region who rely on the services that Ryanair provide. We have done everything in our power to retain the base.“In July, Ryanair resumed services to 16 destinations from Shannon, and as a result of today’s announcement this will see their operation at Shannon reduced to 8 flights serving Stansted, Manchester and Wroclaw for the winter period.“The aviation industry is on its knees with further flight restrictions being imposed in EU countries as the virus rates increase. What we need now is a clear pathway to recovery for aviation. We had hoped that it would start with a harmonised EU traffic light system. While this was endorsed by Ireland, the measures proposed fall short of what the industry requires. This urgently needs to be addressed and supported by a testing regime at airports to restore confidence and get aviation moving safely again.“While we know recovery will take time, it is important that we plan now for the safe restoration of air services and we need to see the full implementation of the Aviation Recovery Taskforce recommendations.  As an Island nation, the aviation industry is vital for Ireland. It needs to be protected and supported and we would hope this will be provided for in the National Economic Plan to be published next month,” said Ms. Considine.Fórsa trade union has said the winter closure of Ryanair bases has struck a devastating blow for crew and pilots at these bases, their families and communities, as well as for other airport staff and the economies of both regions.Ian Mc Donnell, the Fórsa official representing pilots at Ryanair, has expressed disappointment that the airline’s management did not make contact and allow for proper time to engage with the union before making the decision.“The union’s mission since the pandemic struck the country in March has been to worked closely with all aviation employers, including Ryanair, in order to maximise job protection.“Fórsa has called on the Government to intervene to support the industry because Ireland’s connectivity through aviation is crucial to its economy. The industry supports quality jobs throughout the country,” he said.Ashley Connolly, Fórsa’s cabin crew industrial official said: “Despite the publication of the biggest budget spend in the history of the state this week, there were no additional supports for the aviation industry.“Arguably, the absence of any additional supports made these closures inevitable, and it remains unclear if any support is coming. Either way, it’s too late now for the Ryanair pilots and crew in Cork and Shannon,” she said.The Shannon branch of the Irish Hotels Federation has expressed its deep disappointment and concern at the announcement.Dermot Kelly, Chairperson of the Shannon branch said that air access is vital for tourism recovery. “Every effort must be made to ensure the return of all Ryanair routes next spring and to safeguard the existing routes at the airport over the coming months. This is essential to avoid the risk of long-term damage to the tourism industry and the wider economy across Limerick, Clare, Tipperary and Galway,” he said.Mr Kelly cited the Government’s failure to recognise the aviation sector in the budget as a major contributing factor to Ryanair’s decision, together with its failure to implement the recommendations of the its Aviation Recovery Taskforce.“As a gateway to the region, Shannon Airport is a vital component of our tourism infrastructure. On behalf of IHF members across the Mid-West, I appeal to Government to ensure that Shannon Airport is provided with the targeted policy and financial supports required to ensure it continues to provide air access to key international markets.”Reacting to the news Independent TD Michael McNamara has said the Government needs to introduce a system of rapid testing at airports in the short term and must also develop a new State aviation policy to ensure international transit carriers do not fly exclusively into Dublin.“While I understand that Ryanair will continue to operate some scheduled services to and from Shannon over the winter period, the direct impact on 55 Ryanair workers and affiliated businesses across the West of Ireland is profound,” said Deputy McNamara.A statement on behalf of the Department of Transport, said, ”The government recognises that today’s news will be a blow to Ryanair staff, other affected workers and the airports and regions involved. The Government is fully alert to the devastating impact the global pandemic has had on international travel and appreciates and acknowledges the important role of Ryanair and Shannon and Cork Airports to the economies of the Midwest and South regions respectively.The government has agreed to adopt the EU “traffic light” system for international travel and a decision on implementation is expected at a Cabinet meeting next week.The government is committed to the survival and recovery of the sector, including Shannon and Cork Airports, and has already indicated that further Covid Support funding will be made available to safeguard strategic connectivity and resilience into the future.Budget 2021 already includes a provision of €10m to address challenges facing Cork and Shannon Airports.  This is in addition to €6.1m in emergency funding provided to Shannon Airport in June this year to complete a safety and security project.Airports generally as well as the airlines will of course continue will to benefit from the economy-wide support measures that are open to all sectors – notably wage supports and tax deferrals.”“Shannon and those who rely on it for connectivity need the introduction of testing just as many airports across Europe have implemented to enable their aviation sector to function,” he added. “We have a larger aviation sector than most other European countries and we are more reliant on-air connectivity than most other States, yet our Government has introduced policies that have compounded the issues the sector is experiencing. The wider implications of these policies are having a significant impact on our broader economy, for Foreign Direct Investment and for tourism.“Funding received from central Government can never compensate for a lack of a balanced aviation policy, as I have argued for repeatedly in Dáil Eireann since the introduction of restrictions on our aviation sector. Shannon needs a leg-up from the next Government more than it needs a hand-out.“Changes to national aviation policy, which would ensure carriers do not fly exclusively into Dublin, must be matched with the necessary funding. Furthermore, testing protocols should be agreed at all Irish airports to satisfy the requirements of destination airports. Furthermore, Ireland must sign up to the EU-wide traffic light system, which will see regions being marked green, orange, or red depending on their rate of Covid-19 cases.“I, along with a group of 18 other Independents TDs from across the West of Ireland, will meet with the Taoiseach, Minister for Transport and airline representatives to demand these changes,” concluded Deputy McNamara. Twitter Emailcenter_img Linkedin Facebook Print Previous articleOPINION: Who will replace Mike Casey and Richie English for Clare clash?Next articleQUIZ: Name the Limerick Camogie team from their last championship game in 2019 Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news.last_img read more

Cannabis retail talks begin in Ithaca after legalization

first_img Brian Crandall ITHACA, N.Y.—The only non-voting discussion topic at Wednesday night’s Planning and Economic Development meeting was cannabis retail, amid an agenda that was packed to the gills (full recap published here). Most of us realize the head shops, many of which are downtown, aren’t just selling ‘decorative glasswork,’ but cannabis itself is a different matter. It’s no longer just paraphernalia sales, we’re now talking about the drug itself, which as of last month has been approved for recreational use by adults in the state of New York. It’ll take about 12-18 months to be fully implemented. Within the new New York State law, municipalities may pass local laws and ordinances governing the time, place and manner of licensed adult-use cannabis retail dispensaries. Municipalities may also opt out, but otherwise they will be legally obligated to allow reasonable accommodation for retail by 2023. With projections of $350 million in annual tax revenue and 30,000-60,000 jobs, it’s an economic argument vs. social mores—and Deputy Director of Economic Development Tom Knipe noted that people have been reaching out to the city to ask about opening shops in Ithaca. Brian Crandall reports on housing and development for the Ithaca Voice. He can be reached at [email protected] More by Brian Crandall Your Economy & Development news is made possible with support from: center_img Tagged: andrew cuomo, legalization, marijuana, new york, weed Last fall, in anticipation of the passage of the state law, city staff started working on policy analysis and preliminary recommendations for management of cannabis retail in Ithaca, with the help of two Cornell MBA students. Recommendations from analysis of similar cities and community outreach include updating zoning language to explicitly state where cannabis retail operations are allowed, 500-foot buffers to keep them away from schools and playgrounds, a hard cap on the number allowed in the city, local licensing like a Special Use Permit, entrepreneurship programs for underprivileged groups, and potential restrictions like hours, signage, and no drive-thrus (I didn’t even know this was a thing until I looked it up).For those of us who don’t partake, the expected tax revenue from sales is the main positive—in the range of $162K-$270K annually for the city and a similar amount for the county after five years of shop openings and reaching that local market equilibrium.Knipe did a quick presentation of the city’s cannabis retail study—as well as the ideas above, initial suggestion would allow a maximum 12 cannabis retail shops in the city, with no more than two allowed on the Commons. The question before PEDC was if they wanted city planning staff to move forward with revising zoning to accommodate cannabis retail in certain commercial zones and ask how they felt about the proposed regulations.The board was generally supportive of the regulations as proposed, though Fleming thought it was odd that cannabis wouldn’t be allowed to be sold at bars. That is a state law, according to Knipe. “It definitely makes sense to come forward with some form of guidance,” said councilor and PEDC member Cynthia Brock (D-1st Ward). “I like the idea of a buffer between dispensaries, a ‘saturation limit.’ You don’t want one area with a dense population.” Brock noted that only the east end of the Commons would be eligible due to the nearby location of the New Roots Charter School, though Knipe said the state’s language was vague in the case of a mixed-use building with other tenants. With the favorable reception, the Planning Department will develop the proposal out further for a return to PEDC at a date in the near future. last_img read more

A placename geography for Antarctica

first_imgPlacenames in Antarctica are uniquely complex. Antarctica’s distinctive political environment results in a situation where many national bodies confer names, but until recently there has been no coordination of this activity. The consequence of this is that many features are multiply named. The poor state of topographic mapping of the continent means that the majority of placenames are only defined by point locations, and in many cases the point location is based on old or inadequate mapping. In 1994 an Italian team started work on the Composite Gazetteer of Antarctica (CGA) on behalf of the Scientific Committee on Antarctic Research (SCAR). The first version was presented to SCAR in 1998 and is now the premier source of placename information for Antarctica. This work still continues, and will continue for the foreseeable future as errors are corrected and new content – in particular new descriptions – are provided by national bodies. The present database includes all names currently in official use in Antarctica. Unfortunately, the only geometry provided with the CGA is a point location for each feature, and this is unlikely to change for many reasons. This paper describes how an explicit hierarchical structuring of placenames can provide a geographic structure, and how this structure can assist name selection and placement.last_img read more

A mould system that’s to die for

first_imgThe addition of a co-extrusion system to new or existing single or twin-screw lines can help new product development, according to APV Baker (Peterborough).The company says the system can be used to make unusually shaped baked snacks, complemented by exotic flavours and fillings, such as sweet or savoury creams, fruit pastes or chocolate praline. The system’s essential elements are a pillow crimper, cream-feed system and die. The crim-per handles up to eight lanes of product, while a simultaneous cutting and crimping action helps minimise product handling and transfers, which can contribute to surface damage. Different shapes and flavours can be produced simultaneously for variety packs. The modular cream-feed system can be supplied in sizes from two to eight pumps and offers accurate metering of fillings.APV Baker says that die technology is key to the development of new snacks and that retro-fitting new dies during the mid-lifecycle of an extruder can help develop new and attractive brands. One application is the production of new ‘light’ products, using a special die to inject air.last_img read more

Imelda Staunton to Headline Virginia Woolf?

first_img View Comments Imelda Staunton(Photo: Dave Hogan/Getty Images) The rumors were true and after the recent sad news of Edward Albee’s passing comes the announcement that Imelda Staunton will star alongside Conleth Hill in a new production of the late playwright’s Who’s Afraid of Virginia Woolf?. Directed by James Macdonald and designed by Tom Pye, the revival will play a limited engagement from February 22, 2017 through May 27. Opening night is set for March 9 at the Harold Pinter Theatre.In the early hours of the morning on the campus of an American college, Martha (Staunton), much to her husband George’s (Hill) displeasure, has invited the new professor Nick and his wife Honey to their home for some after-party drinks. As the alcohol flows and dawn approaches, the young couple are drawn into George and Martha’s toxic games until the evening reaches its climax in a moment of devastating truth-telling.Staunton has been nominated for eleven Olivier Awards, winning four, including for her recent performance as Mama Rose in Gypsy. Other stage credits include Sweeney Todd, Circle, Mirror, Transformation and A Delicate Balance. Film credits include Vera Drake and Dolores Umbridge in the Harry Potter films.Hill (George) is perhaps best known for his role as Lord Varys in HBO’s Game of Thrones. He won an Olivier for The Producers and for Stones In His Pockets in the West End and received Tony nods for Stones In His Pockets on its transfer to Broadway and The Seafarer. His film credits include Salmon Fishing in the Yemen and Whatever Works.Who’s Afraid of Virginia Woolf? won the 1963 Tony Award for Best Play; the 1966 film adaptation was directed by Mike Nichols, and starred Richard Burton and Elizabeth Taylor. It was last seen on the Main Stem in 2012 led by Tracy Letts and Amy Mortonlast_img read more

France’s Crédit Agricole to stop thermal coal investments in EU, OECD by 2030

first_img FacebookTwitterLinkedInEmailPrint分享BusinessGreen:French bank Crédit Agricole has said it will stop investing in thermal coal production in EU and OECD countries by 2030, as it pledged to align its activities with the Paris Agreement in a new strategic growth plan published yesterday.The world’s largest cooperative financial institution, which consists of almost 40 local and regional banks as well as the central Crédit Agricole institute, said it would commit all its entities to a common Paris Agreement-compliant climate strategy to be published in 2020. The strategy will be certified by an independent body and based around the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) as it moves to “strengthen our commitments to financing the energy transition”, the bank said.Crédit Agricole, which manages around €1.8tr assets, will also fully phase out coal from its financing and investment portfolio by 2030 in EU and OECD countries, and will do the same by 2040 in China and by 2050 everywhere else.It promised “no new business relations with companies for which thermal coal accounts for over 25 per cent of their revenues except those that have announced plans to close their thermal coal activities or which intend to announce such plans by 2021”, as well as “no new business relations with companies developing or planning to develop new thermal coal capacity”.In addition, the bank aims to finance a third of renewable energy projects in France, double the size of its green loans portfolio to €13bn by 2022, and “promote clean and responsible investment policies” by incorporating ESG criteria in all funds managed by is asset management arm Amundi, among other new green policies.More: ‘Game changer’: French bank Crédit Agricole to ditch EU coal by 2030 France’s Crédit Agricole to stop thermal coal investments in EU, OECD by 2030last_img read more