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

Moody’s: Maersk Ratings on Review for Downgrade

first_imgThe Baa2 issuer rating and senior unsecured rating of Danish shipping and oil major Maersk have been placed on review for downgrade, according to Moody’s ratings agency.Additionally, the company’s senior unsecured medium-term note (MTN) programme’s (P)Baa2 rating was placed on review for downgrade as well.The rating action follows Maersk’s announcement that it agreed to dispose of its Maersk Oil division to Total S.A. (Aa3 stable) for an enterprise value of USD 7.45 billion. The company is to receive USD 2.5 billion in cash, which will be used to repay debt, and USD 4.95 billion in shares (97.5 million shares representing 3.76% of Total S.A. share capital).Total S.A. will take over all decommissioning obligations currently amounting to USD 2.9 billion. The divestment is in line with Maersk’s previously announced strategy of separating its energy assets from the Transport and Logistics (T&L) business.“We have placed Maersk’s ratings on review for downgrade due to significant uncertainty regarding how much, if any, of its outstanding debt it will repay using the value of the Total S.A. shares,” Maria Maslovsky, Moody’s Vice President — Senior Analyst and the lead analyst for Maersk, said.Moody’s downgraded Maersk’s issuer rating and senior unsecured rating to Baa2 from Baa1 in December 2016.At the time, the company’s medium-term note (MTN) program rating was also downgraded to (P)Baa2 from (P)Baa1 and all ratings were placed on negative outlook.last_img read more

Over Ninety Turned Out For YMCA 5K

first_imgRunners take part in the Music & Arts 5K last week in Batesville. (Image: Southeast Indiana YMCA)Despite the heat, the Southeastern Indiana YMCA had an impressive turnout for the 2014 Music & Arts 5K Walk/ Run last week. Ninety-one participants of all ages completed the 3.1 mile route, with many more cheering them on as they crossed the finish line.The following left with medals for speed in their age brackets:Name, Time, BracketMalesDavis, Troy 17:37.2, 1st overall and 35-49 male age groupKersey, Drew 24:00.6, 1st <11-14 male age groupNuhring, Cole 19:34.1 1st 15-24 male age groupHoltkamp, Ryan 20:10.0, 1st 25-34 male age groupWilson, Greg 23:01.2 1st 50-70 male age groupFemalesLopez, Maria 29:05.7, 1st <11-14 female age groupCrouch, Erica 26:43.4 1st 15-24 female age groupHoltkamp, Beth 25:03.0, 1st 25-34 female age groupPrice, Angie 27:07.0, 1st 35-49 female age groupLattire, Liz 32:48.3, 1st 50-70 female age groupSoutheastern Indiana YMCA Executive Director, Angie Johnson said, “It was a great opportunity for families to walk together, as well as for students to take advantage of the discounted student rate. Becca Haugh, our wellness coordinator, and David Hoover, our senior program director did a great job planning the event for the community.”“We are always excited each year to partner with the community and kick-off the Music & Arts festival with our 5K event.”last_img read more

Džumhur in the Second Round of the ATP Challenger in Mersin

first_imgB&H tennis player Damir Džumhur qualified for the second round of the ATP Challenger in Mersin (Turkey), who plays for the award of 64.000 Euros.The 22 year old tennis player from Sarajevo in the first round defeated Guillaume Rufin from France with a result of 6:4, 6:1.He will play against the winner of the match between Egor Gerasimov from Brazil and Simone Vagnozzi from Italy for qualification in the quarterfinals. (Source: Fena)last_img

Explosion in Baltimore leaves 1 dead and 4 seriously injured

first_imgOne person is dead and four others have been injured after a gas explosion in northwest Baltimore Monday morning.The explosion occurred at Labyrinth and Reistertown road and affected three homes.One adult woman was found dead at the scene and four other victims were transported to the hospital in critical condition.Authorities also reported that they are still searching for an additional occupants who may be trapped beneath the rubble.There are dozens of personnel from multiple jurisdictions who remain actively engaged in rescue operations. There is at least 1 person still trapped.Our President, Rich Langford, and Secretary-Treasurer Shawn Little, remain on scene supporting our members.— Baltimore Firefighters IAFF Local 734 (@BCFDL734) August 10, 2020 It is unclear what caused the explosion at this time.ANOTHER SURVIVOR RESCUEDAn adult male was just freed from the rubble by the multi-jurisdictional rescue operation. He is being transported by #BCFDEMS to the hospital in serious condition. Rescuers continue to search the debris for other survivors.— Baltimore Firefighters IAFF Local 734 (@BCFDL734) August 10, 2020 This is a developing story.last_img read more

Pattaya Sport Club Golf Schedule – Friday July 6, 2018 –…

first_imgDATE: Fri6Sat7Sun8Mon9Tue10Wed11Thu12Fri13 Siam Country The Golf ClubKhao Kheow Bangpra Silky Oak Pattana Bunker BoysPattavia Siam Old CourseSiam Old Course Plutaluang Pleasant Valley Greenwood Eastern StarMt. Shadow Billabong GolfBurapha Apple’s IrishEastern Star Growling Swan BangpakongPattanaCrystal Bay Lewiinski’sSiam Old CouresGreen Valley Colin’s GolfRoyal LakesideGreen ValleyEastern StarBangpakongCrystal Bay The LinksKhao Kheow Green ValleyBangpakingEastern Star Le KataiPleasant Valley Cafe Kronborg PhoenixGreen ValleyBurapha Crystal BayPattanaTreasure Hill Soi Diana Sports I Rovers Eastern Star Mt. ShadowEastern StarTreasure HillPlutaluangCrystal Bay Retox Game OnEastern Star Mt. Shadow Green ValleyPhoenixSoi DaoSoi Dao PattaviaBuraphaKing’s Naga The Bunker Boys meet at the M-Club off Pattaya 3rd Road for golf outings every Monday, Wednesday and Friday ( Transportation leaves from Cafe Kronborg on Soi Diana Inn at 8:15 a.m. on Mondays and Thursdays, (contact Bjarne, tel. 038 423203, 038 423809). Colin’s Bar plays golf Sun/Mon/Wed & Fri ( The Growling Swan plays golf on Monday & Thursday ( Lewiinski’s departs from Soi Pattayaland One (Soi Pattaya 13/3) at 9:00 a.m. on its scheduled days. of Sunday, Monday, Tuesday/Wednesday and Friday. The Pattaya Links Hotel Golf Society departs from Soi Buakhao on Monday, Wednesday and Friday. Call Phil on 0625 933 380 or visit The Outback Golf Bar is situated 6km from Sukhumvit Rd. along Siam Country Club Road. Telephone Andre on 092-617-4951 or visit The Golf Club is located on Soij LK Metro. Call Phil on 090 769 3778. Tropical Golf meets at BJ’s Holiday Lodge at 8am on Tuesday’ & Friday. Call Derek on 089 034 0629 Valley View HackersGreen Valley Sugar ShackMt. Shadow Tropical GolfPattavia The Players Lounge Green ValleyGreen ValleyGreen Valley Green Valleylast_img read more