Major investor groups expand climate change target list

first_imgMajor investor groups expand climate change target list FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):A large group of global investors and asset managers have added 61 companies to the list of corporations they will push to take more action on climate change issues.When Climate Action 100+, which is backed by 289 investors with nearly $30 trillion in assets under management, launched in December 2017 it targeted the 100 energy and transportation companies that are among the largest greenhouse gas emitters in the world.The expanded list of companies represents both carbon intensive ones and those “with significant opportunities to accelerate the transition directly at the regional and global level and help achieve the goal of the Paris Agreement” of limiting global warming to well below 2 degrees Celsius from pre-industrial levels, Stephanie Maier, Director of Responsible Investment, HSBC Global Asset Management Ltd., a unit of HSBC Holdings PLC, said in a statement.The five-year engagement initiative aims to convince companies to implement a strong framework for board oversight and accountability on climate change, reduce emissions, and disclose climate risks and plans consistent with the June 2017 recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures, or TCFD. The voluntary guidelines were intended to create an internationally consistent way for companies to assess and publicly disclose potential financial risks associated with climate change.Climate Action 100+ was among a number of movements involving state and local officials, businesses and investors in the U.S. who committed to advancing the goals of the Paris Agreement on climate change after President Donald Trump in 2017 pledged to withdraw the nation from the deal. Climate Action 100+ is organized by five partner organizations: Ceres, Asia Investor Group on Climate Change, Investor Group on Climate Change, Institutional Investors Group on Climate Change and Principles for Responsible Investment.More: Investors with $30 trillion to press 61 more companies on climate targetslast_img read more

Dive Rally shows off cool stuff on a hot day

first_imgBy Rachel Jones STAFF WRITER The sweltering heat may have made visitors wish they could have jumped into the harbor along with the professionals at last Saturday’s Dive Rally. The annual event, presented by the Los Angeles Maritime Museum, featured underwater equipment that has been used in the Los Angeles Harbor for years. Charlie Orr, a member of the California Classic Equipment Divers, attended Saturday’s event and agreed that the crowd had fun and learned a lot. “There were a lot of questions on how equipment was used and the age of it,” he said. In addition to the equipment, the crowd was also curious about the age of the demonstrators. “Especially the older \, when they dove people wanted to know about them and were kind of amazed that two guys who are almost 80 years old are still doing this,” Orr laughed. Trivelli thinks that the dive rally could raise interest and bring more guests to the Maritime Museum, where the dive equipment is normally on display in an exhibit called 20,000 Jobs Under the Sea. For more information about the museum and its collections, go to rachel.jones@dailybreeze.com160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Museum Director Marifrances Trivelli estimated that about 500 people attended the event. “It was hot, so I think people were looking for a cool place,” she joked. Stationed on a boat in the harbor, demonstrators from the California Classic Equipment Divers showed off the equipment for crowds on the shore. A speaker on the observation deck allowed the crowd to listen to the divers underwater. Among other things, they showed off a 1960s helmet used in the offshore oil industry. Trivelli said that many in attendance were surprised to find out the clunky-looking equipment is still used. “Over and over, people did not know that this gear is used in modern day,” she said. “I think that was eye-opening to them, that it’s not all scuba gear.” last_img read more

Boxing: Jaime Munguia vs Liam Smith set for July 21 in Las Vegas

first_imgAdvertisementFormer Junior Middleweight Champion Liam Smith is all set to fight the Newly crowned Junior Middleweight champion Jaime Munguia at the Hard Rock Casino in Las Vegas on July 21st on HBO.Liam Smith was scheduled to fight Sadam Ali on May 12 in New York but had to pull out of that bout because of sudden Allergic reaction which resulted in then WBO champ Sadam Ali fighting Munguia, who was up on short notice which resulted in n total annihilation of Ali.“It’s a big fight for him, a tough fight, but it’s a fight that he needs,” Smith’s promoter Warren said recently.Munguia is promoted by Oscar De La Hoya and Golden Boy Promotions, the company behind the co-promoted rematch between Saul Alvarez and Gennady Golovkin.“Obviously their minds have been on the Canelo-Golovkin fight,” he added.“That’s been the problem with getting the date and getting the fight finalized.”The fight will air on BT Sport in UK.Advertisementlast_img read more