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

Israel to add 15GW of solar capacity by 2030

first_imgIsrael to add 15GW of solar capacity by 2030 FacebookTwitterLinkedInEmailPrint分享PV Magazine:Israel’s cabinet has approved a plan submitted by energy minister Yuval Steinitz to deploy around 15 GW more solar capacity to help raise the 2030 target for the proportion of national electricity drawn from renewables from 17% to 30%.An intermediate target of 20% has been set for 2025, and by the end of 2024 the overall target may be updated.“This decision will radically change the energy mix of the Israeli economy and position the country as one of the leading Western countries in solar energy production, at the expense of power plants operating on natural gas and diesel,” the Ministry of Energy stated.The plan will be financed through a slight increase in power tariffs, which the government estimates between 2 and 3%. “The plan will in the future lead to a reduction in energy costs, while promoting a reliable, efficient and sustainable energy economy,” it further explained.Israel had around 1.19 GW of solar capacity at the end of last year, according to International Renewable Energy Agency figures. Developers deployed around 120 MW of solar in Israel last year.[Emiliano Bellini]More: Israeli government greenlights plan to add 15 GW of solar by 2030last_img read more

What is your credit union event strategy?

first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Matt Ward Matt is the founder of Breakthrough Champion…In 2002 Matt began working with business owners through his website agency, inConcert Web Solutions, to improve their bottom line, gain more clients, … Web: www.Breakthrough-Champion.com Details When you go to events and represent your credit union what is your strategy?  Specifically, I’m talking about local events like Chamber Business Expos and the like.I went to a tradeshow once and was walking down the center aisle. There were booths on both sides. Lots of chamber members were exhibiting, conversing, and networking.  They had well-decorated booths and many of them sat comfortably behind their respective tabled between the pipe and drape booths of the expo. But then there was Sam.Sam was a rather tall, slender man, who was very outgoing. I knew that because he was engaged in a conversation with someone out in front of his booth. He was animated and talking with his hands. His head was on a swivel, constantly looking over the shoulder of the person he was speaking with. He’d look left, and then right, always trying to be sure not to miss a single person walking down the aisle.See…Sam saw each person as an opportunity.  An opportunity to give his contact information to them in the form of a card. I’m sure Sam thought “Heck, I’ve paid good money for this expo booth, and I need to get some leads!” As I approached Sam’s booth, he broke conversation with the person he was speaking with and extended his hand with a huge smile, followed by a “Hello, I’m Sam, what’s your name?”  My initial thought was, wow, he’s pleasant, then the look from the other person was clear. She was rather miffed as to why Sam just stopped speaking with her to talk to me.As I progressed down the aisle, Sam wanted to be sure I didn’t pass his booth without getting his contact info, so when I shook his hand in passing, he offered me a business card. At this time I had already determined that Sam has a Website Agency. Sam was in the business of creating websites for companies.  When he offered his card, I politely put my hand up and said: “I’m all set, but thanks”.Sam responded with “You don’t want my card?” at which I replied with “Why would I want your card?”Sam then stated, in a rather pleading way…”Surely you know someone who needs a website!”This is when I stopped cold in my tracks, turned directly to Sam and pointed at the shirt I was wearing that clearly indicated I owned a website agency myself!  I then pointed directly at the logo and said: “why would I want your card, my company does websites”.What Sam missed here was a connection. His strategy was to focus on the numbers. At the time, I recall thinking that Sam appeared to be much more like a live human PEZ dispenser! If Sam had approached this situation differently, I think we could have found a way to partner together between our agencies. Instead, he chose this route, and his agency was out of business within 5 years, and I sold mine!Think about the numbers strategy and how that appears to the public, for your credit union. What’s the goal of the event? Is it to collect cards? Give out cards? Give out promo items? Or is it much more about finding one really good referral partner or potential customer? Keep in mind with the approach to find one, often comes a few more because the strategy of going for just one works really well and is viewed by others as being much more caring.Here’s to your success at your next credit union event!Feel free to bring along some PEZ Dispenser and see who knows what they are!last_img read more

Gold standard

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Pile of bodies linked to coronavirus found at US nursing home

first_imgThe cause of death of the 17 has not been confirmed but 68 people have recently died at the facility, and 26 of those tested positive for COVID-19, the Times reported.Police did not confirm the number of bodies found. But in a statement posted on the Andover police Facebook page, one of the home’s owners, Chaim Scheinbaum, said the morgue, which normally houses four bodies, “never had more than 15 present” on Monday.”The staff was clearly overwhelmed and probably short-staffed,” Andover Police Chief Eric Danielson told CNN. US police found 17 bodies piled up in a nursing home morgue in New Jersey, media reported Thursday, highlighting how the coronavirus outbreak is overwhelming long-term care facilities.Officers in the small locality of Andover, around 80 kilometers west of New York City, discovered the bodies following an anonymous tip-off, according to The New York Times.The discovery came on Monday at the Andover Subacute and Rehabilitation Unit — one of the largest care homes in New Jersey, a state badly hit by coronavirus. New Jersey Governor Phil Murphy said he was “outraged” that bodies had been allowed to pile up and ordered an investigation.COVID-19 has killed more than 32,000 people across the United States, according to Johns Hopkins University, with New Jersey the worst-hit state after New York.The outbreak has reportedly claimed thousands of lives in retirement homes, spotlighting how vulnerable the elderly are to the illness.center_img Topics :last_img read more

Gold Coast mega mansion record price revealed

first_imgTOP GOLD COAST SALES 2020$6.75 million- 18a Ephraim Island Access, Paradise Point $5.5 million- 6/3531-3533 Main Beach Pde, Main Beach$5.2 million- 59 Hedges Ave, Mermaid Beach$4.75 million- 46-48 Peak Ave, Main Beach$4.5 million- 3/3565 Main Beach Parade, Main Beach Entertain in style.More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago MORE GOLD COAST REAL ESTATE NEWS Middle of the market set to lead post COVID-19 sales 1-3 La Scala Court, Isle of Capri., fetched the highest sale price in two years on the Gold Coast Pictures: Amir Mian.THE sale price of a jaw-dropping Gold Coast mega mansion has been revealed.Amir Mian of Amir Prestige confirmed the sprawling mansion on the Isle of Capri sold for $11.75 million, which is the highest price paid on the Gold Coast in the last two years.Riverpoint, a six-bedroom residence with a raft of luxury features, went under contract yesterday, as reported by the Gold Coast Bulletin . The jaw-dropping mansion is on a point position. There is no shortage of luxury features here. Relax and unwind here.Previously, the highest price paid this year was $6.75 million for a residence on Ephraim Island Access, Paradise Point.The sale also trumps the highest price paid on the Gold Coast in 2019, which was $11 million for a property on the Sovereign Islands.While Mr Mian confirmed the sale price, he declined to comment on the sellers or buyers.Built on a massive point position with 90m of main river frontage, the 1,651sq m residence at 1-3 La Scala Court is surrounded with lush tropical gardens and is reminiscent of a Thai resort. Builder secures beachside site for $10M townhouse project MORE: Hinterland house attracts visitors from all around the worldlast_img read more

CYF admits mistakes made in neglect case

first_imgRadio NZ News 1 July 2013Welfare agency Child, Youth and Family admits mistakes were made in its management of a couple found guilty of the serious neglect of their children. The 23-year-old woman and 25-year-old man, whose names are permanently suppressed to protect the four children, were sentenced in the District Court in Wellington on Monday. When police went to the Lower Hutt home in January this year they found the couple intoxicated and their children, then aged four, three, two and seven months, in a distressed state and in need of medical attention.….Child, Youth and Family’s general manager of operations Paula Attrill says the case highlights the need for better coordination of services for children. Ms Attrill says that at times social workers were overly optimistic about the parents’ progress and compliance with plans to address the children’s care. She says the focus was on getting the parents to make changes and at times the needs of the children did not receive the level of response that, in hindsight, should have occurred.http://www.radionz.co.nz/news/national/213370/cyf-admits-mistakes-made-in-neglect-caseChild neglect happening under CYF’s noseNZ City 1 July 2013…The department was notified on multiple occasions, over several years, about the parenting of the mother and father, who were sentenced on four charges of neglecting their children on Monday…Hutt Valley Inspector Mike Hill said the local community was appalled by the behaviour of the parents. “This was not an issue of poverty for this family, these parents simply prioritised alcohol, drugs and parties ahead of the needs of their children,” he said.http://home.nzcity.co.nz/news/article.aspx?id=169428&cat=1005&fm=newsmain%2Cnartslast_img read more

EPL: Watford battle Gunners for survival

first_imgArsenal vs. Watford Venue: Emirates Stadium Kick off: 4PMWatford head into today’s Premier League clash with Arsenal knowing that they will likely need at least a point to have any chance of avoiding relegation. The managerless Hornets are in the bottom three heading into the final round of fixtures, behind 17th-placed Aston Villa on goal difference, while Arsenal are 10th and have one eye on next weekend’s FA Cup final.Watford’s destiny is no longer in their own hands following a dramatic round of midweek action that saw Villa stun Arsenal 1-0, shortly after Watford had crashed 4-0 to Manchester City.Losing heavily to City is something that the Hornets have become accustomed to in recent times, and this latest thrashing – two days after Nigel Pearson was surprisingly dismissed – has left them requiring snookers if they are to dodge the drop.Villa travel to West Ham United on the final day – the Hammers having secured their place in the top flight for another year on Wednesday – with a victory of any sort surely being enough to keep them up thanks to their slightly superior goal difference.Watford have to better the Villans’ result against West Ham, with goal difference possibly coming into the mix, and the Hornets are currently one goal worse off than Villa in that regard. It is not out of the question that a third deciding factor will have to be used to separate the sides, which is goals scored – a deficit Watford, six goals worse off than Villa, are unlikely to make up.The target for interim boss Hayden Mullins will be coming away from the Emirates Stadium with all three points, though Watford have not won on the final day of the season since 2011-12.This fixture is perhaps not as daunting on the face of it as it may seem, however, even if Watford have only won two of their last nine games since an incredible 3-0 win over Liverpool on February 29.That is largely down to the fact that Arsenal have little to play for on the final weekend, with eighth place now the best they can hope for after the 1-0 loss to Villa in midweek.Not since 1983 have they lost back-to-back matches against teams in the relegation zone, though, and Mikel Arteta will no doubt want to finish a disappointing Premier League campaign on a relative high. The following weekend’s FA Cup final against Chelsea provides Arsenal with an opportunity to salvage something from a disappointing 2019-20 campaign, and they will not want to go into that game on the back of successive league losses.While Watford have struggled on the final day of the season down the years, the Gunners are unbeaten in their last 14 such matches, winning the last eight in a row.Indeed, not since 1992-93, when going down 3-1 to bitter rivals Tottenham Hotspur, have they lost their final game of the season on home soil.Arsenal possible XI: Martinez, Holding, Luiz, Tierney, Bellerin, Ceballos, Xhaka, Saka, Pepe, Lacazette, Aubameyang. Watford possible XI: Foster, Mariappa, Kabasele, Dawson, Masina, Doucoure, Chalobah, Hughes, Sarr, Deeney, Welbeck.RelatedPosts Runarsson joins Arsenal on four-year deal Ighalo: My best moment as ‘Red Devil’ Arsenal, Wolves want Michael Olise Tags: ArsenalAston VillaMikel ArtetaPremier LeagueWatfordlast_img read more

ICC World Cup ICC Cricket World Cup 2019: This could be India’s probable XI for clash vs South Africa

first_imgAmong the bowlers, Jasprit Bumrah, Mohammed Shami and Bhuvneshwar Kumar form the core of a fantastic bowling line-up. On current form, Bumrah and Shami are on top of their game and they will be the key in every match. Kuldeep Yadav and Yuzvendra Chahal are potent spinners and they will be on top of their game against South Africa, who are not known to be good players of spin.Here is News Nation’s probable playing XI for the clash against South AfricaShikhar Dhawan, Rohit Sharma, Virat Kohli (captain), KL Rahul, MS Dhoni (wicketkeeper), Hardik Pandya, Ravindra Jadeja, Jasprit Bumrah, Mohammed Shami, Kuldeep Yadav, Yuzvendra Chahal New Delhi: Virat Kohli’s Indian cricket team will open their ICC Cricket World Cup 2019 campaign against South Africa at the Rose bowl. India had a mixed build-up to the World Cup, losing their opening game against New Zealand at The Oval while they thrashed Bangladesh. During the course of the matches, India suffered a couple of injury concerns to Vijay Shankar, Virat Kohli and Shikhar Dhawan. Shankar was hit on the forearm but medical tests cleared him of injury while Dhawan and Kohli got hit on the hand during practice. The Indian team has been in Southampton for close to five days and have acclimatised to the conditions well.The Indian cricket team is settled on both the batting and bowling front. Shikhar Dhawan, Virat Kohli and Rohit Sharma all select themselves with Dhawan and Rohit set to open the innings. Kohli is the master at No.3 while KL Rahul, who was impressive in the game against Bangladesh, will be the number four batsman. MS Dhoni will shore up the lower middle order at No.5 while Hardik Pandya will be the X-factor. The No.7 spot could be up for grabs between Vijay Shankar, Kedar Jadhav and Ravindra Jadeja. With Jadeja performing well against New Zealand, India might go with him as the No.7 in this game. India and South Africa have played four times in the World Cup.India have won only once in World Cups against South Africa.India lost in the 1999 World Cup encounter to South Africa. For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps. highlightslast_img read more

CAF Elections: Day of Long Knives in Abuja

first_imgThe minister and some Nigerians in CAF committees are known to be openly opposed to Pinnick’s support for Madagascar’s FA President, Ahmad Ahmad who is challenging Isa Hayatou for the coveted position.One of the board members told THISDAY last night that except for one or two members of the NFF board, Pinnick has a solid support base among his men and that any attempt to want to force the board change the position it reached at its December 18 Congress where it asked the president to use his discretion in voting at the CAF election may be resisted.“Nobody can force us to go against the position we reached at the December 18 Congress. We have taken a stand and given the President go ahead to use his discretion in voting for the candidate that will advance the growth of football in the country. Why are they now fretting that Amaju has openly declared his support for Ahmad Ahmad. Is Nigeria not just one vote?” stressed the board member on telephone with THISDAY.He admitted to have also heard speculations of trying to use the board members to oust Pinnick from the position is he refused to toe the line of the minister in voting for Hayatou.“If anybody is thinking of interfering in the activities of the board, they are just wasting their time. This is 2017. The era when certain individuals who have been discredited world-wide in the administration of football will think they can use any of us is over,” the board member further observed.The minister who had earlier opposed Pinnick’s aspiration to contest for a seat on the CAF executive also maintained at the weekend that Nigeria was not in support of Ahmad Ahmad.Nigerian members of CAF included four former NFF presidents – Amos Adamu, Dominic Oneya, Sani Lulu and Aminu Maigari – issued a press statement condemning Pinnick, while pledging their support for incumbent CAF President Issa Hayatou.They also argued that the interest of Nigerian football should be paramount over any personal interest and consideration.“We have consulted widely within the executive of the NFF, the sports ministry and indeed football stakeholders in Nigeria and discovered to our dismay that there is no evidence where Mr Pinnick was mandated to commit this country to supporting Mr Ahmad,” the statement read in part.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Duro IkhazuagbeAhead of tuesday’s emergency Nigeria Football Federation (NFF) board meeting called by the Sports Minister, Solomon Dalung, at his office at the National Stadium in Abuja, there is apprehension in football circles in the country that the forum may be used to create fresh troubles in the administration of the game here.The meeting has just one agenda: Nigeria’s position on the Confederation of African Football (CAF) Presidential Election.last_img read more