Insurance next big hurdle for Adani’s proposed Carmichael coal mine in Australia

first_img FacebookTwitterLinkedInEmailPrint分享Global Mining Review:The Indian conglomerate Adani Group is trying to move forward with plans to build a massive coal mine in the Galilee Basin in Queensland (Australia). This project has been the object of years-long controversy in Australia and around the world. The toxicity of Adani’s proposed Carmichael coal mine – not just environmentally and socially, but reputationally as well – has made the project a base test of credibility for any global financial institution wanting to be taken seriously as a climate change risk manager.To date, over three dozen financial institutions have made commitments to not finance the project, and after spending nearly a decade in search of the funds, Adani finally announced in November 2018 that it had secured the billions of dollars necessary to build the mine. Who was the mysterious investor? Turns out it was the Adani Group itself. You can only imagine how desperate a company would need to be before committing to fund a project requiring billions of dollars off its own balance sheet after a years-long search for an investor.But the campaign over Adani’s Carmichael mine is far from over. Insurance is one area where Adani also needs financial support. In fact, insurance is a critical piece required to obtain government permits and start construction, and a growing campaign targeting insurers to accelerate the transition to a clean energy future has taken note.In December 2018, the Global Unfriend Coal campaign and allies – representing 73 organisations and a combined membership of more than 76 million people – sent a letter calling on 35 major global insurers to not insure the proposed Carmichael coal mine and associated infrastructure. Given the number of responses that were received within two weeks of sending the letter, the insurance industry is clearly feeling the pressure to avoid highly controversial coal projects.10 companies immediately responded to Unfriend Coal’s call to not insure the project, either explicitly stating their refusal to be involved or referencing existing coal restriction policies that applied in this case. These included the world’s biggest insurers and reinsurers, Allianz, AXA, Swiss Re and Munich Re; two of Australia’s largest infrastructure insurers, QBE and Suncorp; the first major US insurer to publicly rule out a coal project, FM Global; as well as major European insurers Generali, Zurich and SCOR. Since then, two additional companies have announced restrictions on coal underwriting that would rule out involvement with the mine: Mapfre and Uniqa.For the insurers that have not yet ruled out supporting Adani, the pressure is now building. Last month, lawyers at ClientEarth wrote to Lloyd’s warning them of the financial risks surrounding the project and warning: “Should you or your syndicates fail to take these factors into account as part of your risk management processes, this may constitute a breach of your legal duties.”More: Insurers shun Adani’s Carmichael mine, reflecting the industry’s retreat from coal Insurance next big hurdle for Adani’s proposed Carmichael coal mine in Australialast_img read more

Football News Euro 2020: Harry Kane Nets Hat-Trick As England Beat Montenegro To Qualify

first_img For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Harry Kane scored a hat-trick as England cruised to an emphatic 7-0 victory over Montenegro to seal their spot in the Euro 2020 finals. It was great result for England in their 1000th international game. However, the game will probably be most remembered for the Raheem Stering-Joe Gomez drama before the match and the booing of Gomez by parts of the Wembley crowd during the game. It was an unfortunate event that took some shine off from a good performance by the youngest England side in 60 years.Raheem Sterling, excluded from this game for attacking Gomez at St George’s Park on Monday, tweeted after the match to condemn it and emphasise that his team-mate was blameless in their confrontation.In the game, Alex Oxlade-Chamberlain drilled in from Ben Chilwell’s cross in the 11th minute to score his first England goal since June 2017. Harry Kane then headed one inside to start his goal-scoring spree. He headed another one from another Ben Chilwell cross six minutes later made it 3-0. Marcus Rashford lashed in the fourth, after Harry Maguire’s header had been well saved by Mijatovic. Kane completed his hat-trick well before half-time.Montenegro switched to a five-man defence for the second half. However, England managed to find the sixth goal via an own goal. Substitute Tammy Abraham slid in from the cross of Jadon Sancho to get his first England goal.The Czech Republic joined England in qualifying for Euro 2020 from Group A by coming from behind to beat Kosovo 2-1. Elsewhere, France and Turkey made it to the Euro 2020 finals after the world champions came from behind to win 2-1 against Moldova. Turkey played a scoreless draw with Iceland finishing second in Group H.WATCH: Cristiano Ronaldo Scores Stunning Hat-Trick As Portugal Thump Lithuania 6-0 Cristiano Ronaldo scored his ninth international hat-trick as Portugal thumped Lithuania 6-0 in a Euro 2020 qualifier. This was the 55th hat-trick of his career. However, the defending European champions will have to wait to confirm their place at next year’s edition. Aleksandar Mitrovic’s brace kept Serbia’s hopes alive as they beat Luxembourg 3-2. Portugal are second with 14 points, one ahead of Serbia, and will qualify if they win in Luxembourg on Sunday. The Group B leaders, Ukraine, have already made the finals. last_img read more

The Latest: NHL to reopen facilities for voluntary workouts

first_imgThe NHL’s season remains “on pause,” but the Penguins will participate in the approved playoff format whenever the season resumes.___Atalanta coach Gian Piero Gasperini says the reaction from Champions League opponent Valencia after he acknowledged testing positive for the coronavirus is “really very offensive.”Valencia expressed “surprise” and a top health official in the Spanish region said Gasperini “lacked responsibility” for traveling to Spain with symptoms of the virus. He recently told Italian media he felt sick the day before the March 10 match in Valencia.Gasperini tells Sky Italia, “I know that I respected the protocols. I was in quarantine like everyone else until training resumed. I never had a test. It was only in May when (the entire team) had blood tests that I realized that I had had the virus.” German newspaper Bild reports that some of the players were pictured without face masks during appointments at home with a celebrity barber. Forward Jadon Sancho was among the players.League rules during the coronavirus pandemic say players should minimize contact with people from outside their household. They have to wear masks for large parts of game days unless actually on the field.Dortmund sporting director Michael Zorc says he spoke with the players about their behavior and adds that they only removed their face masks to pose briefly for pictures. Zorc adds that the 20-year-old Sancho is still “very young.”___The Italian soccer federation is launching a fund of nearly $25 million to help clubs and their members following the crisis caused by the coronavirus pandemic. The Save Soccer Foundation will need definitive approval at a federation meeting on Monday.Federation president Gabriele Gravina says “it’s an initiative which doesn’t have precedents and represents a great assumption of responsibility which the (federation) is taking in favor of the whole soccer system.”The fund consists of 21,700,000 euros ($24,500,000). It will give up to 5 million euros ($5.6 million) to each of the two divisions below Serie A as well as the same amount to support clubs from the amateur soccer league.It will also give up to 3 million euros ($3.4 million) to soccer players and the same amount to coaches and their staff.The fund will also provide 700,000 euros ($800,000) to help women’s soccer clubs that are set to complete the season. Dr. Jeffrey Kovan, the school’s director of sports medicine, was also part of the video conference. He quickly said that one student-athlete had tested positive, his father died, and his mother and sister also tested positive. Kovan said the athlete was asymptomatic and retested negative a few weeks later.The school did not disclose the athlete’s identity or his sport.“We’ve had a couple others that have had symptoms, without testing positive that we know of,” Kovan said.Michigan State athletes can begin returning to campus June 15 in preparation for voluntary workouts. Football, basketball and volleyball players will be the first to undergo testing.After testing, athletes will be instructed to self-isolate for a week, and those testing positive will be quarantined for 10 days. On June 22, athletes who initially tested negative will be given a second round of testing. Athletes who receive a second negative test will be cleared to begin voluntary workouts. They will be split into small workout groups based on people they live with. That June 3 deadline was set to come 10 days after the completion of the combine, but the NBA postponed the combine amid the coronavirus pandemic and has yet to announce a new date.In a statement, the NCAA said the Division I Men’s Basketball Oversight Committee worked with the National Association of Basketball Coaches on the new timeline and “believes this is the most equitable alternative available in these unprecedented circumstances.”“This provides the utmost flexibility to student-athletes testing the waters to make the most informed decision about their future during this uncertain time,” NCAA Senior Vice President for Basketball Dan Gavitt said in the statement.___NBA G League has canceled the rest of its season. June 4, 2020 The Latest: NHL to reopen facilities for voluntary workouts ___A fraudster has used data of Brazilian soccer star Neymar to request a government handout paid to informal workers during the COVID-19 pandemic.Day Crespo, a spokeswoman for the Brazil and Paris Saint-Germain striker, confirmed the information to The Associated Press after it was reported by local news website UOL. Crespo also said Neymar has already informed authorities about the incident. The handout is of about $170 a month. A representative of Brazil’s state-run bank Caixa Econômica Federal was not immediately available for comment. UOL said the request on Neymar’s behalf was accepted, but its status was changed to “under analysis” after its report was published. Fraudsters used data from other Brazilian celebrities to receive the government money in the Latin American country hit hardest by the coronavirus.___ Division I schools are not supposed to have fewer than six sports for male athletes. CMU announced last month it was dropping men’s track and field, citing university-wide budget cuts. That leaves the school with five men’s teams — baseball, basketball, cross country, football and wrestling.“This waiver has been granted for the 2020-21 and the 2021-22 academic years,” athletic director Michael Alford said in a statement. “We continue to research and determine the best course of action to return the department to full compliance. I want to thank the NCAA staff for making this an efficient process and for understanding the difficult decisions the COVID-19 pandemic has forced our department to make.”___The NCAA has set a new schedule for early entrants to the NBA draft to withdraw and return to school.The NCAA announced Thursday that it would give players until 10 days after the NBA scouting combine or Aug. 3, whichever comes earlier. This comes three weeks after the NCAA postponed its deadline, which was originally scheduled to fall on Wednesday. Valencia said after the March 10 game that about 35% of its team had the virus.Gasperini adds, “Looking back, I think that was the period when I didn’t feel well. But I never had a fever or any sort of respiratory problems. When I left from Bergamo I felt fine. I had some problems that evening and the day after (the match).”Experts say the first leg on Feb. 19 in Milan was one of the biggest reasons why the virus was so deadly in Atalanta’s home city of Bergamo. The match has been dubbed “Game Zero” by Italian media.___Seven Arkansas State athletes have tested positive for COVID-19 and are self-isolating for 14 days. “The intent is that if we keep our volume, our number of athletes together in a small set, and their strength coach works with just that group when they work out, and somebody in that group is positive, then we can isolate that individual group as opposed to the whole team,” Kovan said.Common areas like locker rooms and lounges will remain closed. Athletes will be given masks and required to wear them while in facilities, except during workouts.___A member of the Pittsburgh Penguins has tested positive for COVID-19.The team announced Thursday that an unidentified player has been diagnosed with the coronavirus. The team says the player was not in Pittsburgh at the time of test and has been at his home since first experiencing symptoms. The club said the player is “recovering and feeling well” and those who have been in close contact with him have been notified. Associated Press A day after announcing a deal with its players’ association to resume the season with a tournament in Florida, Major League Soccer says teams may resume training.MLS says each player and staff member must complete two tests for the coronavirus 24 hours apart, 72 hours ahead of the start of training. Every player also must have a test for antibodies and a physical.Once training starts, players, coaches and some staff must be tested for the virus every other day. An individual who tests positive would be isolated, tested again at least 24 houts later, and all close contacts would be tested. High-risk individuals must be cleared to participate by the team’s chief medical officer in consultation with the MLS medical staff.Testing for antibodies will take place every three months. Testing providers must be authorized by the FDA or Health Canada.Training rooms and gyms will be restricted to a maximum five people, and lockers should be spaced a minimum 10 feet apart. Doors should be left open. “While canceling the remainder of our season weighs heavily on us, we recognize that it is the most appropriate action to take for our league,” NBA G League President Shareef Abdur-Rahim said.The league suspended play March 12.___NASCAR is set to run its All-Star race on a Wednesday night at Charlotte Motor Speedway and added one more weeknight Cup Series race as part of its latest revised schedule through July.NASCAR has revamped its schedule in the wake of the coronavirus pandemic and announced even more changes on Thursday. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The National Hockey League is allowing team facilities to reopen and players to take part in voluntary on- and off-ice workouts beginning Monday. NASCAR will keep its scheduled twinbill weekend later this month at Pocono Raceway. The track is still scheduled to hold a Truck Series and Cup Series race on June 27 and an Xfinity Series and Cup Series race on June 28. The compressed schedule because of the pandemic has forced NASCAR to run races from all three national series multiple days a week. NASCAR crammed five Cup races on the schedule from May 17 to May 31.The rest of the Cup schedule includes a July 5 race at Indianapolis Motor Speedway, July 12 at Kentucky Speedway, the All-Star race on July 15 at Charlotte, July 19 at Texas Motor Speedway and July 23 at Kansas Speedway. The new schedule wraps Aug. 2 at New Hampshire Motor Speedway.The All-Star race is usually held in May and New Hampshire was bumped from its July date. Pocono, Indy and Kentucky stayed the same.NASCAR also scheduled five Truck races and six second-tier Xfinity races. The Cup Series races again Sunday at Atlanta Motor Speedway.The schedule for the rest of the season will be released at a later date. The league announced its move to “Phase 2” of a potential return Thursday night. Earlier in the day, it unveiled the final details of the 24-team playoff format that will be used if play resumes and the Pittsburgh Penguins announced one of their players tested positive for the coronavirus.During this stage, players can skate or work out in groups of up to six at a time. Unlike training camps, which could begin sometime in July, these workouts are not mandatory for players, who can choose to skate in their current city even if they don’t play there.___Notre Dame says it will test all its football players for COVID-19, starting June 15, before they can begin using the school’s athletic facilities for voluntary workouts.The Fighting Irish players are expected to travel back to campus from June 8-17. Testing for football players and and employees will be conducted June 15-19. Players and employees will be tested for COVID-19 and antibodies for the coronavirus, which would signal previous exposure to the disease. Cancellation policies detailed in IOC accounts cost $14.4 million for the 2016 Rio de Janeiro Olympics and $12.8 million for the 2018 Pyeongchang Games.The IOC said last month it set aside $650 million to cover potential extra costs for the postponement.Costs for organizers in Japan are expected to run to billions of dollars.___Borussia Dortmund has defended a group of players who were accused of breaking Bundesliga hygiene rules while getting haircuts. Oklahoma State and Marshall have announced they’ve each had three athletes test positive.___The International Olympic Committee is in talks with insurers over compensation for the postponed 2020 Tokyo Games.Olympic operations director Pierre Ducrey says there is “an open discussion” between the IOC and insurance brokers “to try and find the right level of compensation to help us bear the cost of having to wait another year.”The IOC pays for insurance against the cancellation of an Olympics but it is unclear if its policy covers a one-year postponement. Food is restricted to individual, prepackaged meals and individually wrapped utensils, and 10 feet of distancing is necessary while eating.Staff is to use appropriate personal protective equipment.___Michigan State says a student-athlete’s father died of COVID-19 and the athlete tested positive but remained asymptomatic.Athletic director Bill Beekman was part of a video conference with reporters Thursday to discuss the school’s plans to have athletes back on campus. When asked if any athlete or athletic department personnel had tested positive in the past three months, Beekman said nobody that he was aware of — but that he might not necessarily have all the information. The phased approach will include quarantines for players returning before they get tested. Players who fly back will be expected to quarantine for seven days before they get tested and those who drive will be expected to quarantine for three days before being tested. Players will be housed at the Morris Inn, an on-campus hotel in South Bend.“We’re going to have positives. I think that’s to be expected,” Dr. Matt Leiszler, head physician for Notre Dame football. “That being said, we need to do a really good job of controlling those. The things that play into that are a really robust contact tracing system to ensure if we have a positive we’re going to move really quickly in coordination with the university to limit those other close contacts so we don’t end up with a cluster.”Leiszler said Notre Dame players will be tested again for COVID-19 after their initial test but did not specify when that second test would occur.___Central Michigan says it has received a waiver from the NCAA regarding the minimum Division I sports sponsorship requirements. Chancellor Kelly Damphousse said the seven athletes are from three sports, and all were asymptomatic Thursday. They learned of the positive results Wednesday night.The athletes who tested positive and are living off campus will self-isolate there or at home for 14 days. Those living on campus will self-isolate in their residence hall or at home for 14 days.Damphousse said contact tracing has begun, and anyone who has been exposed to any of the seven athletes will be required to quarantine for 14 days.“This is a day that we knew would come, not just at A-State, but for colleges and universities across America,” Damphousse said.An Arkansas State spokesman said he didn’t know how many athletes have been tested since they began returning to campus for voluntary workouts. ___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

Miami Carnival Spotlights Board Member Gilda Swasey

first_imgSOUTH FLORIDA – As we celebrate Caribbean American Heritage Month, Miami Carnival spotlights their Board Member Gilda Swasey.Q: What is your backstory?A: I was born in the beautiful county of  Belize, Central America. I am the daughter of a farmer and the 5th child of 9. I graduated from Belize Teachers College.  I taught school in Belize for the Seventh Day Adventist and the government of Belize. I started a school call Biscayne in Belize, with the assistance of my father Geoffrey and brother Norman.We began with 37 students and now have over 100 students. I was a pioneer school teacher for the Belmopan Junior School when the capital was moved inland to Belmopan because of flooding from hurricanes. I migrated to the United States, NY then CA  at age 21. I earned my fellow designation, LUTCF  from the American College. Did Radio and Television broadcasting at the Colombia School of Broadcasting in Hollywood, CA.Hosted Caribbean Connection Radio show in CA and Your Hour of Power for  WAVS 1170 in Florida.I started my Insurance Career as a manager at the Thomas Kline Insurance Agency in Beverly Hill, CA.  I then opened my own agency, Hill Insurance and Annuity Services in Glendale, CA, where we housed 50  brokers.When I relocated to South Florida in 1992, I continued in this business working for companies like Western and Southern Life and AIG as manager and then recruiter Trainer.After a few months in retirement in 2017, I decided that I could continue doing what I loved by mentoring and training up and coming insurance agents.  I launched Access Life Financial in that same year.Because of the relationships, I have been fortunate enough to build over the years, recruiting agents to my agency was a smooth and easy process. Once agents were made aware of Access Life Financial, they joined the agency.I currently have 45 brokers at Access Life Financial. Q: The most challenging part of being an entrepreneur?A: Not having enough hours in the day to work with new agents who need you.Q: Most rewarding part of being an entrepreneur?A: Seeing agents grow and become successful, earning a living at the same time helping families protect their loved ones in the event of death or critical, chronic or terminal illness, planning their retirement, college funding, mortgage protection or simply replacing income. Watching them cross the stage at conventions to receive awards they work so hard to achieve and knowing you had a hand in it.Q: Favorite Social media channel?A: LinkedInQ: Favorite book?A: “Between a Rock and a Hard Place” by Aaron Ralston, whom I had the chance to meet personally.Q: Favorite quote?A: Make your life a masterpiece, imagine no limitations on what you can be or do. Brian Tracy. I try to instill this in my daughter and my granddaughters and anyone who looks up to me for advice.Miami Carnival will be held on Sunday, October 13th.last_img read more