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

SOUTHCOM: Much More than Wishing Storms Away

first_imgBy Dialogo April 12, 2013 The Peruvian city of Chiclayo is highlighted with a red dot recently drawn on the map at the United States Southern Command’s (SOUTHCOM) Humanitarian Assistance Program office. A Disaster Management Center was inaugurated there in March, joining a long list of projects that SOUTHCOM developed for nations in Central America, South America and the Caribbean to enhance their regional response capacity in case of natural disasters. Comprised of an Emergency Operation Center, a disaster relief warehouse, and a search and rescue training center, the complex is the result of joint efforts between SOUTHCOM, the government of the Lambayeque region (where Chiclayo is situated), local authorities, the Peruvian National Institute of Civil Defense and the U.S. Agency for International Development (USAID). The project cost $1.2 million, granted by SOUTHCOM. However, Chiclayo is only one of many colored dots with which the team from SOUTHCOM’s Humanitarian Assistance Program monitors the progress of activities it executes throughout the Western Hemisphere. In total, SOUTHCOM completed 108 collaborative projects in the field of humanitarian assistance and disaster response during the 2012 fiscal year only, with a budget of $15.8 million. “Our team’s mission is to collaborate with each of these countries so that they are better prepared to cope with natural disasters,” program director William Clark stated. According to Clark, the command’s participation in this sort of activity can be traced back to the 60s, with the most significant moment being the paramount response by SOUTHCOM after the 2010 earthquake that ravaged Haiti. Operation Unified Response, as the effort was called, included mobilizing 22,000 U.S. troops, 33 U.S. Navy and Coast Guard vessels, 262 fixed-wing aircraft, and 57 helicopters to the Caribbean nation. In only a few hours, food, water, tents, generators, and medical supplies arrived in the Haitian capital Port-Au-Prince. The U.S. agency in charge of responding to aid requests from nations affected by natural disasters is USAID’s Office of Foreign Disaster Assistance (OFDA). It is up to OFDA’s coordinated efforts with the U.S. Departments of State and Defense, foreign governments, and other institutions to determine if U.S. Military support is, in fact, needed. In addition to providing aid when disasters wreak havoc, SOUTHCOM permanently works on three fundamental areas: building facilities, training rescuers and medical first responders, and supplying material resources, such as ambulances, fire trucks, communication radios, and global positioning systems (GPS), among others. Where Does Help Go? During 2012, one of the most important endeavors was the inauguration of a Disaster Relief Warehouse in the Costa Rican Pacific coast’s Parrilla district. Built at a cost of $650,000, the facility will serve as a central point for aid distribution to other Costa Rican cities. Other projects took place in Antigua and Barbuda, Barbados, Belize, Colombia, Costa Rica, Chile, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panamá, Paraguay, Dominican Republic, and Saint Kitts and Nevis. Nevertheless, the country that continues to receive the most assistance is Haiti. “Since 2010, we have invested $35 million to construct emergency operation centers, warehouses, and fire stations in each department,” Clark states, pointing to the southwest Haitian port city of Les Cayes on the map. Between 2011 and 2012, four humanitarian assistance clusters were built in Les Cayes for the population displaced by the earthquake. Each humanitarian assistance cluster features a school; a clinic with dental facilities, a pharmacy and a lab; a community center that can serve as a shelter; and a well, essential to a nation where access to drinking water is a highly-valued asset. “We also do some really off the wall stuff,” Clark adds, explaining that one of the initiatives developed by his group emerged from lessons learned after another devastating earthquake, this time in Chile, in February 2010. Blocked roads, destroyed phone lines, and collapsed cell phone towers made it impossible to access the places most shaken by nature. “With that experience, and building on FEMA’s [U.S. Federal Emergency Management Agency] response vehicles, we provided Chile with 11 vehicles that can be loaded onto their C-130 aircraft and transported to the most affected locations,” he says. Equipped with UHF, VHF, HF radios and satellites, as well as computers for four operators, these vehicles work as mobile emergency operation centers performing similar functions to those of the emergency operation centers like the one at the Disaster Management Complex recently opened in Chiclayo. “Activities are being coordinated with SOUTHCOM to enhance the regional governments’ capabilities, and even though several emergency operation centers have been built in Peru, the Chiclayo project is the only one that has three elements in one,” states Retired Peruvian Army General Alfredo Murgueytío Espinoza, director of the National Institute of Civil Defense in the South American country. Last February, when streets, homes, and businesses were destroyed by copious rain in several locations of Arequipa province, one of the emergency operations centers donated by SOUTHCOM served as the liaison between regional and national authorities. “The information received through the center in Arequipa allowed the national government to declare a state of emergency there and send the help they needed,” he states. General Murgueytío also said that SOUTHCOM’s Humanitarian Assistance Program is currently working in coordination with the Peruvian National Institute of Civil Defense in order to develop emergency operation centers, disaster relief warehouses, and search and rescue centers in Cuzco, San Martín, Puno, Ayacucho, Piura, Huaraz, Huancavelica, Loreto, Junín and Tacna. The inauguration of several projects in a myriad locations are scheduled for 2013. For instance, a National Emergency Operations Center will be inaugurated in Nejapa, El Salvador. With regard to the possibility of U.S. budget cuts affecting future endeavors, Clark simply states that his team will continue to work just as before. “By the way,” he adds, “we have not had to respond to a disaster in the last two years. I would like to believe this is because our partner nations have more resources to confront an earthquake, a tropical storm, or a low-scale hurricane. This lauds our partners’ accomplishments, as well as those of our program.”last_img read more

Emenalo Quits Chelsea Job

first_imgFormer Super Eagles player, Michael Emenalo has quit as Chelsea’s technical director.The English Premier League champions announced on its website yesterday that Emenalo, a key confidant of club owner, Roman Abramovich, was standing down from his role at Stamford Bridge.Emenalo acted as a link between the first team and the Blues board, had an influence on transfers, including Chelsea’s much-scrutinised loan strategy, and was involved in developing players from the academy.The former Nigerian international, who joined Chelsea in 2007 and has been technical director since 2011, has already been linked with a position at Monaco.“Chelsea Football Club today announces that technical director Michael Emenalo has decided to stand down from his role,” the club said in a statement. “Michael arrived at Chelsea in 2007 and in 10 years at Stamford Bridge has contributed to a period of unprecedented success for the first team and academy.”Emenalo said it had been a difficult decision to make, adding: “I have had the privilege to work alongside some of the most talented people in the world of sport over the past 10 years and I will depart incredibly proud of the achievements we have made.“I wish Chelsea every success and look forward to following the club’s future triumphs from afar.”Chelsea chairman Bruce Buck praised Emenalo’s work.“He has had a tremendous impact on the club over the past 10 years and this is evident in everything we have achieved,” he said. “We are sorry to see him go but understand his desire to move on and explore new challenges.”Chelsea have had seven permanent managers in the period since Emenalo first arrived, plus Guus Hiddink (twice) and Rafael Benitez as lengthy interim appointments.Head coach Antonio Conte’s expressions of frustration at Chelsea’s summer recruitment, plus some indifferent results, had led to speculation over his future but Conte and Emenalo had a good working relationship and the Italian said he was sorry to see him leave the club.During his time at Stamford Bridge, Chelsea won three Premier League titles, three FA Cups, the League Cup, Europa League and the Champions League in 2012 as well as achieving huge success in youth football.ROLE CALL OF MANAGERS DURING EMENALO’S TIMEAvram Grant (2007-08)Luiz Felipe Scolari (2008-09)Ray Wilkins (2009, caretaker)Guus Hiddink (2009, interim)Carlo Ancelotti (2009-11)Andre Villas-Boas (2011-12)Roberto Di Matteo (2012)Rafael Benitez (2012-13)Jose Mourinho (2013-15)Steve Holland (2015, caretaker)Guus Hiddink (2015-16, interim)Antonio Conte (2016-)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

‘When people question your honor, it hurts,’ says Ronaldo

first_img“When people question your honour, it hurts,” he said on Tuesday. “It hurts a lot mainly because I have a big family, a wife and an intelligent child who understands a lot of things.”“This is a case I’m not comfortable expressing myself on. But once again, my innocence has been proven. It makes me proud,” said the Juventus and former Manchester United and Real Madrid star. Lisbon, Portugal | AFP | Cristiano Ronaldo told Portuguese television on Tuesday that “2018 was the most difficult year on a personal level.”Ronaldo had to deal with rape allegations last year after former model Kathryn Mayorga filed a complaint in September alleging she was sexually assaulted by the footballer in 2009 in a Las Vegas hotel room.The case was dismissed in a Nevada court in June, though the filing did not say if Ronaldo had agreed a settlement.He denies the accusation, although he has reportedly acknowledged that he paid Mayorga in an earlier settlement. Cristiano Ronaldocenter_img Share on: WhatsApplast_img read more