Netherlands’ largest pension fund to boost sustainable investment, divest coal by 2030

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:The Netherlands’ biggest pension fund, ABP, said on Monday it aims to reduce the carbon footprint of its asset portfolio by 40% from 2015 levels by 2025.ABP, which already set a target to cut the carbon footprint of its assets by 25% from 2015 levels by this year, follows moves by other leading funds – notably Norway’s $1.1 trillion sovereign wealth fund – to divest heavy polluting energy companies from its portfolio.ABP manages 465 billion euros ($515 billion) in assets for civil servants. Under its new target, it said it aims to invest $5 billion in “sustainable and affordable energy” companies over the next five years, adding to $10 billion already invested in such companies.It plans to exit coal and tar sands investments, with some exceptions, by 2030, it said.Peter Branner, chief investment officer at APG, the fund’s pension manager, puts companies into three ethical categories: those that it excludes completely from its portfolio – such as nuclear weapons makers and tobacco companies; those that make a positive contribution to society, which it seeks to own more of; and a third category he termed “laggards” that have room to improve and which include the Netherlands’ biggest company Royal Dutch Shell.He said Shell’s recent profit performance had been disappointing compared to that of Denmark’s Ørsted, which has become the world’s largest offshore wind energy producer over the past decade.[Anthony Deutsch and Toby Sterling]More: Netherlands’ $515 billion pension fund to accelerate cuts to fossil fuel investments Netherlands’ largest pension fund to boost sustainable investment, divest coal by 2030last_img read more

NHL trade rumors: Oilers have contacted Hurricanes about Petr Mrazek

first_img NHL trade rumors: Sabres have contacted Rangers about Jimmy Vesey Hearing that the Oilers asked Carolina about the rights to pending UFA goalie Petr Mrazek but for now the Hurricanes are still trying to sign and keep him… but the clock is ticking— Pierre LeBrun (@PierreVLeBrun) June 20, 2019Mikko Koskinen recently signed a three-year deal with Edmonton last year, but he was inconsistent in goal and the team would clearly like to supplement him at the position.Edmonton traded its other goalie, Cam Talbot, to the Flyers during the season. He started the year in goal for the Oilers but lost playing time when the team hired Ken Hitchcock as its interim coach. Related News NHL trade rumors: Maple Leafs listening to offers for Nazem Kadri, Kasperi Kapanen The Oilers are in search of a goalie in the trade market, but it’s unclear if the one they are looking at will become available.Edmonton has been in contact with the Hurricanes regarding pending unrestricted free agent Petr Mrazek, according to TSN.center_img The team has until June 23 before Mrazek can start meeting with other teams, so the clock is ticking for Carolina to get a deal done.They could also trade his rights to the Oilers and they could try to work out a deal with him in the next few days.Free agents can officially sign with any team July 1. However, while the Oilers are looking at Mrazek, according to TSN, the Hurricanes are doing all they can to re-sign the goalie.last_img read more