Catastrophe bond market gains momentum It also excluded three other non-Canadian companies, two over environmental concerns and one for human rights reasons. It said its holdings in all of the companies have been sold.“We’ve seen investors around the world looking at the risks associated with climate change as an integral part of investment decisions they make,” Trudeau said Wednesday in Ottawa.“That is why it is so important for Canada to continue to move forward on fighting climate change and reduce our emissions in all sectors, and I can highlight that many companies in the energy sector have understood that the investment climate is shifting and there is a need for clear leadership and clear targets to reach on fighting climate change to draw on global capital.”Alberta Premier Jason Kenney said, “To be blunt, I find [the decision] incredibly hypocritical.“Norway is actually engaged in exploring to develop new massive offshore fields to increase their production of oil, so we’re not going to be lectured to by a state sovereign wealth fund 100% of whose primary revenues are generated by oil development.”The fund said it is following its Council on Ethics’ recommendations in making the decisions. It listed the council’s reasons for its outlook for the four oil sands companies individually but the four summaries of reasons were almost identical.In each case, the council said the producer should be excluded “due to an unacceptable risk that the company is contributing to or is itself responsible for actions or omissions which, at the aggregate company level, lead to an unacceptable level of greenhouse gas emissions.”It added each company has “a substantial output of oil from oil sand [sic] resources in Alberta, Canada,” and declares that such production results in “far higher greenhouse gas emissions than the global average.”It says the companies have no specific plans to reduce emissions to an acceptable level “within a reasonable period of time” and adds their GHG emissions are not subject to a regulatory regime as stringent as the European Union GHG emissions trading system.Alberta Energy Minister Sonya Savage said Norges Bank’s decision to blacklist four Canadian energy companies is “poorly informed and highly hypocritical.”“Canada’s energy producers have some of the highest environmental, social and governance standards [ESG] in the world,” she said in an email.Savage added that Alberta-based companies are doing their part with active strategies to reduce emissions.“When it comes to the environment, Alberta’s overall average oil sands emission intensity has decreased 19% from 2011 to 2017 alone, with further reductions anticipated in the coming years through industry led innovation.”The Canadian Association of Petroleum Producers criticized the bank’s move, noting that the industry is making environmental progress as the country’s leading investor in environmental protection and innovation.“Attempts to stifle Canadian production by restricting financing can have only one effect; countries with lower environmental standards — and in many cases lower social, human rights and governance standards — will fill the void,” said association CEO Tim McMillan.The Canadian oil companies were not immediately available for comment.All are on record as saying they have reduced GHG emission intensity in recent years and some have set targets for more reductions.Suncor and Cenovus have said they will reduce emission intensity per barrel by 30% by 2030 and Cenovus has said it will aim for zero GHG emissions by 2050.Canadian Natural has pledged to work toward a zero-emissions target without giving a specific date, using technology to improve efficiency and earning credits through its carbon capture and storage operations.Imperial says it reduced the carbon intensity of each oil sands barrel by more than 20% between 2013 and 2018, and is developing technologies that could reduce intensity by 25% to 90% for future oil sands production.Norges Bank says it’s the first time that GHG emissions have been used as the reason for excluding companies on ethical grounds.However, it has warned since 2017 that the Canadian oil sands producers could be excluded because their emissions are higher than the global average.“One of the largest investors in the world is saying the oil sands emperors have no clothes when it comes to action on climate change, so they’re out,” said Greenpeace Canada senior energy strategist Keith Stewart in an email.“This is the way the world is heading.”The investment exclusion comes as oil sands producers are cutting spending plans, salaries, production and dividends because of a dramatic decline in prices for their products as well as limited pipeline capacity to transport it. Global insurers’ focus on ESG will impact energy sector: report jewhyte/123RF Study: Racial diversity stagnated on U.S. corporate boards Canadian Press Prime Minister Justin Trudeau says news that one of the world’s largest investment funds will exclude four Canadian oil sands producers from consideration for investing is part of a continuing shift in global attitudes for which oil companies will have to adjust.On Wednesday, Norges Bank Investment Management, which manages Norway’s sovereign wealth fund, announced it would stop investing in Calgary-based Canadian Natural Resources Ltd., Cenovus Energy Inc., Suncor Energy Inc. and Imperial Oil Ltd. after concluding they produce unacceptable levels of greenhouse gas emissions. Related news Keywords Investment funds, ESG Share this article and your comments with peers on social media Facebook LinkedIn Twitter
WhatsApp RELATED ARTICLESMORE FROM AUTHOR By News Highland – September 13, 2019 DL Debate – 24/05/21 Facebook Google+ Pinterest Google+ Arranmore progress and potential flagged as population grows Important message for people attending LUH’s INR clinic Twitter AudioHomepage BannerNews Twitter News, Sport and Obituaries on Monday May 24th WhatsApp There’s calls on Donegal County Council to install public toilets on Main Street in Letterkenny as a matter of urgency.In its response, the local authority says that there are a number of locations in the town with such facilities, including a public convenience at Justice Walsh Road adjacent to the Main Street while there are other toilets available to the public in the Courtyard Shopping Centre.But Cllr Kevin Bradley says there should be public toilets in the heart of the town………….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/09/bradleyloos1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest FT Report: Derry City 2 St Pats 2 Derry draw with Pats: Higgins & Thomson Reaction Public toilets needed in Letterkenny Town Centre – Bradley Facebook Previous articleLetterkenny MD must “look after Manor” – CanningNext article26 people awaiting in-patient beds at LUH News Highland
When the current government came to power in 2014, it faced a tall order. Ushered in by the popular Euromaidan protests, its mandate was nothing less than to end years of semi-autocracy and corruption under ousted president Viktor Yanukovych.Ukrainians hoped their country, under new leadership, would adopt democracy, market economy and the rule of law, and associate more closely with the European Union. Added to this reform agenda, two immediate threats had to be addressed. First, economic collapse loomed: State reserves and assets had been looted by the previous government, debt was skyrocketing and the economy was in free fall. Second, Russia had attacked Ukraine, annexed Crimea, stoked separatism in Donbas, and terrorized the rest of the country.* * *The Ukrainian government faced up to these challenges with some success. Reforms started in a number of areas, from public procurement to taxes, from the police to state companies. The government stabilized the economy and public finances; rebooted the military and contained Russian aggression in Eastern Ukraine; curtailed energy and economic dependency on Russia; and signed a comprehensive association and trade pact with the EU. Under the circumstances, this is no mean feat.But this partial progress has come at a price. It was made possible by a broadest-possible coalition of pro-European forces, which placed a minority of reformers, civic leaders and committed democrats alongside a majority of old political hands that clung to their influence and vested interests.The latter grudgingly agreed to some changes, mostly those called for as a condition for financial aid or visa liberalization by Western partners. But the former mostly hit a wall when it came to pursuing structural reforms geared toward fixing Ukraine’s deeply corrupt political economy. As a result, the country’s rotten prosecution and judiciary systems have remained untouched, as has the pervasive influence of Ukrainian oligarchs. KIEV — Ukraine’s fledgling democracy edged closer to dismembering itself this week, as one of the most reform-minded members of the government stepped down.In his resignation letter, Economy Minister Aivaras Abromavičius accused old political elites of systematically blocking much-needed reforms and paralyzing the fight against rampant corruption; and singled out a close confidant of President Petro Poroshenko as one of the main culprits.With his announcement, it appears that the long-simmering conflict between the forces of change and those of preservation has come to a head. The outcome will determine whether Ukraine retains a chance of becoming a stable, democratic and European country, or sinks into political, economic and social chaos. Hopes for swift improvement have been shattered and confidence in the government, and its political elite, has reached all-time lows.New anti-corruption bureaus are yet to become functional as are serious efforts to recover stolen assets. Privatizing Ukraine’s bloated and costly state companies has proven as elusive as decentralizing its public administration. This means any reform progress Ukraine has made thus far is not irreversible.Ukraine’s uneasy political coalition is coming apart at the seams. Reformers are exhausted and feeling desperate in the face of the seeming futility of their efforts. Those stalling change have become emboldened and want to end their political hibernation.Hopes for swift improvement have been shattered and confidence in the government, and its political elite, has reached all-time lows. The international pressure that once held the governing alliance together has receded: Bankruptcy is no longer imminent, Russian aggression has somewhat calmed, and Western interest in Ukraine is fading. As a consequence, political infighting has been on the rise for months.* * *The situation eerily resembles the failure of the “Orange Revolution” a decade ago. But the collapse of the current government — and a likely succession by a less reform-oriented one — would be far more disastrous. It would mark the ultimate betrayal of Ukrainian citizens by their political class. The sacrifices Ukrainians made, in defending themselves against Russian aggression and pushing for reform, will have been in vain. Predictably, they will not remain apathetic and will mobilize in protest — deepening conflict in the country and dashing hopes for peace. If the government fails in Kiev, it will have a direct effect on political and economic support from the West. Ukraine’s many skeptics will gain the upper hand, and its few friends will face a steep uphill struggle. Reduced assistance — whether political, financial, administrative or military — will eventually forfeit the modest gains Ukraine has made, and expose the country’s many vulnerabilities. Such a loss of faith in, and support for, Ukraine’s ability to change would almost certainly spill over to other countries and reinforce Western views of an incorrigible post-Soviet space that is best kept at arm’s length.Reduced assistance will eventually forfeit the modest gains Ukraine has made, and expose the country’s many vulnerabilities.Russia, by contrast, would triumph. No one fears a democratic and European Ukraine more than Vladimir Putin, and weakened commitment to change in Kiev, new rounds of infighting, and a stalled rapprochement with the West could help achieve Moscow’s objectives. Russia could return to manipulating Ukraine’s corrupt elite, wind down its operation in Donbas, consider Crimea a safe acquisition, expect Western sanctions to expire, and return to business as usual with Europe and the United States.Ukraine can still escape this political suicide and its predictable consequences. To do so, decision-makers in Kiev have to, for once, place their country’s interest above their own petty concerns. Time is running out.Joerg Forbrig is transatlantic fellow for Central and Eastern Europe at the German Marshall Fund of the United States in Berlin. Also On POLITICO Ukraine’s economy minister quits, blaming Poroshenko ally By Cynthia Kroet
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Raytheon is providing 111 radar warning receivers (ALR-69A systems) for the U.S. Air Force’s newest tanker, the KC-46 Pegasus. Under the contract, Raytheon along with Boeing will complete all deliveries by 2025.ALR-69A is the world’s first all-digital radar warning receiver. It alerts tanker air-crews to imminent airborne threats and allows them to take evasive action. To date, 50 ALR-69A systems for the KC-46 have been delivered to Boeing. The all-digital ALR-69A receiver warns pilots faster and across greater distances, so they can get their job done and return home safely.In 2018, the U.S. Air Force awarded Raytheon an IDIQ (Indefinite Delivery/Indefinite Quantity) to outfit their fleet of tactical air and large body aircraft with ALR-69A. Since that award, ALR-69A has gone through significant enhancements, including frequency extensions that detect and identify threats across the spectrum. It is also installed on the U.S. Air Force C-130H and is currently being tested on the F-16.Click here to learn more about the ALR-69A Radar Warning System.
Touch Football Australia (TFA) is providing information to interested referees regarding the 2015 Federation of International Touch (FIT) World Cup. While FIT are yet to release specific information for the referees for the tournament, TFA will endeavour to provide you with as much information as we can in the lead up, to ensure the Australian Referee contingent are prepared.Please find attached a document which outlines the nomination process for selection of the Australian World Cup Referee Squads for the 2015 World Cup.Related Files2015_world_cup_referee_nominations-pdfRelated LinksWorld Cup Ref Nominations
For a few hours, it looked like the beef between offensive line coaches Herb Hand and John Peterson had been squashed. A truce does not appear to have been reached after all, however.Earlier this offseason, Peterson and Hand had gone back and forth on Twitter debating which program – Penn State or Pitt – was the best in the state of Pennsylvania. It continued Thursday, as Peterson purposely put an “X” in front of both “State” and “College” when explaining where he was headed for a high school coaches convention. But Peterson eventually ran into Hand at the meetup, and the two took a selfie together.In tate ollege for the Pennsylvania high school coaches convention! #H2P— john peterson (@coachjpete) February 13, 2015My friend and I @CoachHand at the Pennsylvania high school coaches convention! HAIL TO OLINE! pic.twitter.com/chM2m53uGB— john peterson (@coachjpete) February 13, 2015Hand, however, did not realize that Peterson had dissed his program just hours earlier. Friday, he took to Twitter to tell his followers that he should have checked Peterson’s feed before agreeing to what he called an “olive branch” selfie. He also included the hashtag #BackToDominating and a funny Jim Carrey GIF.Should have checked my counterpart’s feed before our ‘olive branch’ selfie. https://t.co/sxCFvtMA59 #BackToDominating pic.twitter.com/fTeDJvBZt4— Herb Hand (@CoachHand) February 13, 2015As a reminder, Penn State and Pitt renew their rivalry in 2016.
One of the best men in the history of the University of Notre Dame has passed away, as Rev. Theodore Hesburgh died late Thursday on the South Bend, Ind., campus. He was 97. Father Hesburgh was Notre Dame’s president from 1952-87, helping develop the school into one of the country’s most powerful academic institutions. He is well known for his influence with U.S. presidents on civil rights and other issues of the 20th century. A 14-story library at Notre Dame is named after Hesburgh. Friday morning, the Fighting Irish community is mourning the loss of their former leader. Brian Kelly’s press conference to announce new assistants has been pushed to Monday in wake of death of Fr. Hesburgh— Chris Hine (@ChristopherHine) February 27, 2015Students have been gathering at the Grotto to remember and pray for Fr. Hesburgh. pic.twitter.com/WPCYFcPNPc— Notre Dame (@NotreDame) February 27, 2015IN has lost a man of unwavering faith, profound vision & monumental virtue in the passing of @NotreDame Father Theodore Hesburgh.— Governor Mike Pence (@GovPenceIN) February 27, 2015RIP Father Hesburgh, you were a true pioneer and nobody could ever come close to replacing you.— John Swift (@jswift98) February 27, 2015Rev. Hesburgh helped create a small piece of Heaven at Notre Dame. My personally signed ‘God, Country, Notre Dame’. pic.twitter.com/ocadYG9OVv— Joel DeLorge (@JoelDeLorge) February 27, 2015A giant of a man, educator and priest has passed. RIP Rev. Hesburgh. Guided ND athletics for decades.— Dennis Dodd (@dennisdoddcbs) February 27, 2015RPI, Rev Hesburgh your positive impact was enormous ! You were a giant in this lifetime and a true servant of God!!! You will be missed !!— Bill Kenney (@CoachKenneyWMU) February 27, 2015“Women ought to have the same opportunities to develop their talents as men do.” Thank you for all the opportunities, Fr. Hesburgh.— Kate Harrington (@kharrin12) February 27, 2015Every Catholic social justice leader today owes a debt of gratitude to Fr. Hesburgh. His faith fired his activism for civil rights and peace— John Gehring (@gehringdc) February 27, 2015In the pride of Catholic higher education, Fr. Hesburgh was our lion, says Fr. Holtschneider, president #DePaul. pic.twitter.com/jz0A6E7hMM— DePaul University (@DePaulU) February 27, 2015Fr. Hesburgh made @NotreDame coed, changing the lives of 1000s of women, including mine. #ThankYouFrTed pic.twitter.com/HfzrBLcMoo— Anne Thompson (@annenbcnews) February 27, 2015Father Hesburgh has passed / one of the most impressive men I ever met / May he RIP— Dick Vitale (@DickieV) February 27, 2015Rest in peace, Father Hesburgh.
Yesterday offered a lot of clarity in the College Football Playoff chase. Oklahoma clinched the Big 12 title and assured themselves a playoff berth with a win over Oklahoma State, and the Michigan State-Iowa Big Ten title tilt is set up as a de facto CFP play-in game. Alabama and Clemson will also make the four-team field, provided they take care of business in their respective conference title games next week. Everything seems pretty cut and dry at this point.Still, it’s always interesting to wonder how things would have shaken out under the old BCS system. The guys at BCS Know How have been releasing updated, simulated BCS rankings each week. Here’s a look at how the BCS would have sorted the contending teams with one week to go in the season.This week’s simulated “BCS” rankings are here: pic.twitter.com/UUX60ozRlZ— BCSKnowHow.com (@BCSKnowHow) November 29, 2015I don’t think the protest for an Alabama-Clemson championship game would be too loud, but the fans in Norman, Okla., have to be happy this system isn’t in place anymore. After all, the Sooners would be the odd team out as of now.
FORT ST. JOHN, B.C. – The Community Bridge’s ‘Daddy and Me’ program continues due to funding from Pembina Pipeline Corporation and Shell Canada.The ‘Daddy and Me’ program is an event for all male caregivers to connect with their children in an informal and relaxed environment while meeting other male givers in the community. The events help promote positive father involvement and strengthen the father-child relationship. They also create an awareness of community resources.With recent donations made by Pembina Pipeline Corporation of $5,000 and Shell Canada’s donation of $7,000 the program can continue to provide opportunities for all the male caregivers in our community. ‘Daddy and Me’ includes free activities for children 0-6 years of age, accompanied by their male caregiver. (Father, Uncle, Grandfather)The following are the Spring Sessions;Saturday, April 27th, 2019, 3 pm – 4 pm, The Dinosaur Roar, FSJ Public LibraryWednesday, May 22, 2019, 6 pm – 7:30 pm, Bowling, Fort Bowling LanesSaturday, June 22, 2019, 10 am – 1 pm, Petting Farm and Pony Rides, Heartbreak AcresFor more information, CLICK HERE