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

Commission agrees discrimination occurred at Honda

first_imgGREENSBURG, Ind. – A state agency is siding with a Honda employee who claims she was discriminated against because of her race.The African American employee filed a complaint with the Indiana Civil Rights Commission alleging the company provided her less training and job advancement opportunities compared to white colleagues.The commission ruled that there is sufficient evidence to show illegal discrimination occurred, the Greensburg Daily News reports.The employee was hired by Honda in 2009 and promoted as a fixed asset accountant in the spring of 2013.  She was demoted three months later after Honda said she failed to meet expectations.The employee said she did meet expectations.If the two parties do not reach an agreement the case would be heard by an administrative law judge.Honda released a statement disputing the allegations and “looks forward to presenting its defense through the administrative process.”last_img read more

Oscar De La Hoya blasts IBF after Canelo Alvarez stripped of belt

first_imgJoin DAZN and watch more than 100 fight nights a yearHowever, Golden Boy Promotions CEO De La Hoya has reacted angrily to the news, insisting Derevyanchenko’s camp “never had any intention” of securing a bout with Alvarez.In a statement sent to media outlets, De La Hoya said: “We are extremely disappointed at the IBF for forcing the world’s best fighter to relinquish his world title.”We have been in serious negotiations with Sergiy Derevyanchenko’s promoter. We offered his team an unprecedented amount of money for a fighter of his limited stature and limited popularity, but the truth is that I’m now certain they never had any intention of making a deal. But instead they wanted to force us to relinquish Canelo’s belt. Oscar De La Hoya has launched a furious tirade against the IBF and announced he is considering legal action after the organization stripped Saul “Canelo” Alvarez of his 160-pound title.Alvarez lost his IBF belt on Thursday after his promoters failed to agree on a deal for a fight against mandatory challenger Sergiy Derevyanchenko. “This is an insult to boxing and more importantly an insult to the boxing fans of the world.”This decision validates already existing concerns about the credibility of the IBF championship. Canelo inherited a mandatory challenger by defeating Daniel Jacobs, the man who beat Derevyanchenko, so to strip him of his title without giving him enough time to make the best fight possible is truly what is wrong with boxing, and I plan to aggressively consider all legal actions possible.”Derevyanchenko is now expected to face Alvarez’s rival Gennady Golovkin for the newly vacant IBF belt.last_img read more

Ernst hears complaints about Corps at Riverton town hall

first_imgRIVERTON — Iowa Senators Chuck Grassley and Joni Ernst are calling on the U.S. Army Corps of Engineers to keep its commitment to repair a key levee near Hamburg.The Corps ordered that the levee be lowered eight feet following flooding in 2011 and residents say that’s one reason this year’s Missouri River flooding was so devastating. Ernst says there are indications the Corps is retreating from its earlier promise to rebuild what’s called the Ditch 6 levee.“They made a commitment to bring that levee up to 919 feet and then they backed off of it,” Ernst says, “so we’ve got to do something about that and we’ll continue to push them.”Ernst held a town hall meeting Wednesday in the small town of Riverton, which is in the far southwest corner of the state and fielded complaints about the Army Corps’ management of the river. Linda White of Hamburg told Ernst her family lost their farm to this spring’s flooding.“Who does the Corps actually have to…answer to?” White asked. “It seems like to us common people that they don’t answer to anybody except for themselves.”Ernst and Missouri Senator Josh Hawley are co-sponsoring a bill calling for the Corps to make flood control of the Missouri River its highest priority.“The Corps will answer to whatever the congress directs, but understand even those of us along the Missouri River corridor have different ideas on what those priorities should be,” Ernst said, “so if we can’t all agree up and down the river system that flood control should be the priority, it’s not going to go anywhere.”And Ernst warned that other representatives want protection for hydroelectricity and recreational projects along the river to be priorities.last_img read more

Goya Foods Facing Boycotts after CEO Praises President Trump

first_imgThe hashtags #Goyaway and #BoycottGoya started trending on Twitter soon after.  A petition started circulating online to boycott the company.Unanue refuses to apologize for his kind remarks about the president saying the boycott threats amount to a “suppression of speech.”“We were part of a commission called the White House Hispanic Prosperity Initiative and they called on us to be there to see how we could help opportunities within the economic and educational realm for prosperity among Hispanics and among the United States,” Unanue told “Fox & Friends.”Unanue said that the United States is the second-largest Hispanic country in the world behind Mexico.Politicians and celebrities are boycotting Goya, the largest Hispanic-owned food company in the country, after its CEO, Robert Unanue, praised President Donald Trump during an event Thursday at the White House.“We’re all truly blessed at the same time to have a leader like President Trump, who is a builder,” said Unanue, who is of Spanish descent, at the event. Hispanic-food company Goya is facing a possible boycott after its CEO praised President Trump Thursday.Robert Unanue said the nation’s blessed to have a leader like President Trump and that he reminds him of his grandfather who founded Goya foods back in the 1930’s. read more

Adopt-A-Pet Dog of the Week

first_imgSubmitted by Adopt-A-Pet of SheltonHeidi – Dog of the WeekHeidi is a 5 year old mix breed who is a favorite of the volunteers at the shelter. She is sweet, affectionate, loves attention, knows her basic obedience commands and is very smart.Her turn in sheet indicates that she is OK with kids but can sometimes be possessive when other dogs are around. Therefore, we recommend that Heidi be the only dog in the family. Heidi has not been cat tested.  She walks well on leash, has been non-reactive to other dogs but appeared to be frightened by automobiles. This is something that we will continue to work on with her. Heidi will make a wonderful companion for the family who can give her a home where she can continue to flourish. A secure fenced back yard would be perfect in addition to her daily walks.We have many great dogs and always need volunteers to help them.  Visit our website at or contact Adopt-A-Pet, on Jensen Road in Shelton, at or (360) 432-3091. Join us on Facebook at “Adopt-A-Pet of Shelton Washington”. Facebook30Tweet0Pin0last_img read more