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Barclays Takes Harder Line On Coal Project Financing

first_img FacebookTwitterLinkedInEmailPrint分享Clean Technica:Barclays, one of the four “Big Banks” in the U.K., silently made big news last month, shifting its policies regarding financing coal mining and coal-fired power plants, as well as declaring “no appetite” for projects in World Heritage Sites or Ramsar Wetlands locations.The bank declared in the first of two policy statements it had “no appetite” for project financing that supports development or expansion of projects in World Heritage Sites and Ramsar Wetlands locations unless in both cases there is prior consensus that such development will not adversely affect the site.In addition to its commitment to protecting the Ramsar Wetlands, Barclays also published a lengthier, more in-depth policy statement regarding how it will do business with corporate banking and investment banking clients involved in the coal mining and coal-fired power sector. All such clients and their specific individual transactions will be reviewed on a case-by-case basis against a wide array of considerations ranging from adherence to the Equator Principles, use of efficient technology, and a client’s potential for stranded asset risk.Unlike Barclays’ policies regarding World Heritage Sites and Ramsar Wetlands, its coal policy is much more nuanced and detailed, describing specific policies for specific aspects of the coal industry. For example, Barclays declared simply that it “has no appetite for project finance transactions for the development of greenfield thermal coal mines anywhere in the world” but had a much more detailed policy for mountaintop removal coal mining (MTR) given its legal recognition in the United States but the bank’s acknowledgement that this mining method “is also one that has been subject to intense political, judicial, and regulatory debate over the last decade.” As such, Barclays will “not directly finance MTR projects or developments” and will “apply enhanced due diligence to all credit and capital markets facilities involving clients which practice MTR.” Further, financing for companies which are significant producers of MTR-sourced coal will be provided “by exception only.”Barclays also declared “no appetite” for project financing supporting the construction or material expansion of coal-fired power stations in high-income OECD countries (though such power plants utilizing carbon capture storage or sequestration technology will be considered on a case-by-case basis) or the construction or material expansion of coal-fired power stations in non-high-income OECD countries unless they use super-critical or ultra-critical technology — and such transactions will be subject to enhanced due diligence on a case-by-case basis.More: Barclays Declares “No Appetite” For Thermal Coal Mining, Oil, & Gas, Moves To Protect World Heritage Sites Barclays Takes Harder Line On Coal Project Financinglast_img read more

Cam Newton offers man $1,500 to change airplane seats, man says no

first_img“ĪM Ä ßĪG DÄ₩G, Ī €ÄŃ ßÜ$T Ä €HĪ€K ØÜT ĪŃ FRÄŃ€£ ŃØ₩” -fūtūrê #šhïñêTHRÜthêŠHÄDË -1ØV£🤟🏾A post shared by Cam Newton (@cameron1newton) on Jun 21, 2019 at 2:37am PDTNewton, who is in the middle of a five-year, $103.8 million contract, appeared to be returning home from Men’s Fashion Week in Paris. Surprisingly, the man refused the offer: View this post on Instagram Cam Newton offered a man $1500 to switch seats with him on a 10-hour flight from Paris on Friday.The man had a seat with extra leg room and the Carolina Panthers quarterback tried to give him cash for the exchange. So this happened… @CameronNewton offered a man $1500 cash for extra leg room on a 10hr flight and the man said “No??” #GiveFranceTheNFL pic.twitter.com/xQohV9Ngef— Eli Edwards (@ElisaraEdwards) June 22, 2019MORE: Drew Brees awarded more than $6M in diamond-fraud lawsuit View this post on Instagram “(ßÄŁŁ $Ø HÄRD) ĪM $HØ€K£D TØØ ïm šūppöšêd tö bê łö¢kêd ūp töö ĪF ¥ØÜ £$€Ä₽£D ₩HÄT Ī £$€Ä₽£D ÿöū’d bê ïñ pàrïš gêttïñ mêššêd ūp töö” -jàÿŽ #šhïñêTHRÜthêŠHÄDÊ -1ØV£🤟🏾A post shared by Cam Newton (@cameron1newton) on Jun 18, 2019 at 7:12am PDTWhy he was sitting in coach, we aren’t sure — but we have a feeling it won’t be happening again.last_img read more

Michigan’s Jim Harbaugh: Playing sports won’t make coronavirus worse

first_imgWell, the Wolverines head coach weighed in on the coronavirus once again, saying that there’s absolutely no way that the return of sports could exacerbate the situation.Jim Harbaugh, on moving forward with plans for fall football season: “COVID is part of our society. It wasn’t caused by football or caused by sports. There’s no expert view right now that I’m aware of that sports is going to make that worse.”— Austin Meek (@byAustinMeek) July 8, 2020″COVID is part of our society,” Harbaugh said. “It wasn’t caused by football or caused by sports. There’s no expert view right now that I’m aware of that sports is going to make that worse.”MORE: MLB umpire shares horrendous take on coronavirusHere are Jim Harbaugh’s responses to today’s coronavirus-related questions, how they’ve affected the offseason/the potential of a season happening (or not happening), etc. pic.twitter.com/1L2Y2MY1wn— Orion Sang (@orion_sang) July 8, 2020While medical experts and medical science proponents have all advised wearing masks and social distancing — both things that kind of fly in the face of playing football — Harbaugh doesn’t seem to be following the same experts as the greater U.S. The coronavirus is spread from person to person via droplets in the air and close contact with others, per the CDC.  Wolverines can’t get coronavirus, apparently.Michigan head coach Jim Harbaugh is banking on a college football season in 2020, despite the coronavirus continuing to wreak havoc across the United States. Colleges are faced with a unique situation in that students and campuses house far greater numbers on a regular, day-to-day basis than professional sports. In an April podcast interview on Ricochet, Harbaugh said the coronavirus was a message from God for mankind to take a step back and appreciate deities and life a little bit more.Needless to say, Harbaugh’s backwards logic was met with a bit of criticism from Twitter:How Jim Harbaugh looks right now 🤡 pic.twitter.com/xggDU6G1lo— Cameron Grant (@ImCoolCam101) July 8, 2020Is it me, or does Jim Harbaugh sound like he’s angling for a job with Florida State or U of Miami?Sounds like he would be a perfect fit somewhere in Florida… https://t.co/h6Z7LcP72e— Dutch Simmons (@thedutchsimmons) July 8, 2020Today confirmed my belief that Jim Harbaugh often does the Michael Scott thing.That is, start a thought without any idea where it’s going and hope for the best.— Connor O’Gara (@cjogara) July 8, 2020Jim Harbaugh: https://t.co/hASBkvSO2V pic.twitter.com/R2eyKYBnvM— Yip Yip with the Blip Blip (@PBS_Impulse9) July 8, 2020Football might not have caused the coronavirus, but playing it without being responsible is only going to make it worse.last_img read more

Women in Business Breakfast

first_imgThe Two Rivers Women in Business Consortium is hosting its Monthly Networking Breakfast from 7:45 to 9:30 a.m. on Wednesday, July 11 at Bingham Hall, 40 Bingham Ave., Rumson.The event provides an opportunity for women in business to meet, exchange ideas and create supportive alliances with other professionals, either established or in transition.This month’s featured speaker is Monica Vermeulen, founder/executive director of The Ashley Lauren Foun­dation. A cancer survivor herself, Vermeulen experienced the pain of having a child with cancer. Her daughter, Ashley Lauren (now 24), was diagnosed with Wilms’ tumor at the age of 3. Having lived through the unexpected hardships of pediatric cancers, Vermeulen realized the importance of support during that difficult time. The Ashley Lauren Foundation offers hope and help to New Jersey children and their families facing pediatric cancer.Vermeulen graduated summa cum laude/program distinction from The Richard Stockton College of New Jersey with a B.A. in Non-Profit Management (Focus-Pediatric Cancer). She served as alumni representative on the Ocean County College Board of Trustees and is president of Phi Theta Kappa, Beta Chapter. Vermeulen is also a director/choreographer and board member of The Guild Theatreworks, Inc.Contribution is $15 or $20 that includes a $5 donation to The Ashley Lauren Foundation. To RSVP email tworiverswomeninbusiness@gmail.com or call 732-245-7589.last_img read more

Swastika-Painted Stone Found in Highlands Public Park

first_imgBy John Burton |HIGHLANDS – Swastikas and white supremacist rhetoric are not limited to recent events in Charlottesville, Virginia, with one appearing in the borough over the weekend.An approximately 6-inch rock painted with a Nazi swastika symbol and the words “white power,” were discovered on Sunday afternoon at the borough’s Robert D. Wilson Community Center, 22 Snug Harbor Ave., according to Acting Police Chief Robert Burton.The rock was first discovered by a citizen who reported it to the police, Burton said. A photo of it began being circulated on social media, shortly after- wards, according to police.Police are conducting an investigation and haveinformed the Monmouth County Prosecutor’s Office about it. However, Burton continued, “As offensive as it is to some people, it doesn’t rise to the level of a crime,” under the state Office of Attorney General’s guidelines on bias incidents and crimes.The prosecutor’s office hasn’t had other recent reports of similar incidents and in general hasn’t seen an increase in such activity, according to Charles Webster, a spokesman for the prosecutor’s office.The Nazi-symbol rock was found a day after violence erupted in Charlottesville when various so-called “alt-right” groups violently clashed with counter-protesters, dominating the weekend’s news coverage.This article was first published in the Aug. 17-24, 2017 print edition of The Two River Times.last_img read more