Swiss Re steps away from coal insurance business

first_imgSwiss Re steps away from coal insurance business FacebookTwitterLinkedInEmailPrint分享Greentech Media:Swiss Re took a step forward this week in its commitment to manage carbon-related sustainability risks and support the transition to a low-carbon economy. As of Monday, the Zurich-based firm no longer provides insurance or reinsurance to businesses with more than 30 percent exposure to thermal coal.The thermal coal policy announced in June 2017 was based on Swiss Re’s pledge to adopt the principles of the Paris climate agreement in 2015, which seeks to keep global warming under 2 degrees Celsius. As part of that commitment, “Swiss Re supports a progressive and structured shift away from fossil fuels,” according to a company statement.The thermal coal policy applies to both new and existing thermal coal mines and power plants, and is implemented across all lines of business and Swiss Re’s global scope of operations. The policy is an integral part of Swiss Re’s Sustainability Risk Framework, which the reinsurer uses for all underwriting and investment activities.The 30 percent threshold on Swiss Re’s insurance practice is in line with the threshold on the firm’s investment practice. As of 2016, Swiss Re stopped investing in companies that generate 30 percent or more of their revenues from thermal coal mining or that use at least 30 percent thermal coal for power generation. The reinsurer also divested from existing holdings.Swiss Re isn’t the only insurance firm to restrict its participation in the coal sector in recent months. In May, Germany’s Allianz stopped insuring single coal-fired power plants and coal mines, in response to criticism from environmental groups. Dai-ichi Life Insurance recently became the first Japanese institution to stop financing coal-fired power plants overseas, and Nippon Life Insurance is considering limits on coal plant financing.More: Swiss Re stops insuring businesses with high exposure to thermal coallast_img read more

The West End market is slowing but it’s not all doom and gloom

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PNG LNG cooldown cargo arrives

first_imgLNG carrier Kumul at the PNG LNG jetty (Image: PNG LNG)The ExxonMobil-operated PNG LNG plant is nearing export resumption as the liquefied natural gas carrier Kumul docked at the facility with a cooldown cargo. The US energy giant had previously purchased the cargo to keep the LNG storage tanks at the facility operational.To remind, the plant was shut down following a 7.5 magnitude earthquake that hit the Papua New guinea Highlands on February 26.According to the marine data provider, VesselsValue, the 172,000-cbm PNG LNG-dedicated carrier docked at the plant earlier today, with a draft of 11.3 meters, indicating it is close to fully laden.Reuters reports that the cargo arrived from the BP-run Bontang LNG facility in Indonesia.At the start of March, ExxonMobil said the facility could remain shut for eight weeks before production is restored, and the feed gas resumes from the Hides plant. LNG World News Stafflast_img read more

Argonauts Prepare for Crucial Weekend of Conference Games

first_img April 20, 2007PENSACOLA, Fla. – After posting a 4-0 record at last weekend’s rain-shortened Gulf South Conference Crossover, West Florida is back in the race for a berth in the post-season tournament. This weekend, West Florida will host West Georgia and West Alabama in the final home stand of the season. Saturday’s double header will begin at 1 p.m., followed by a 2 p.m. start for Sunday’s double header.West Florida (27-20, 7-7 GSC) is currently in fifth place in the GSC East Division. West Georgia (30-26, 10-8 GSC) is one game ahead of the Argonauts in fourth place. The top four teams in the GSC East and West divisions advance to the GSC Tournament next month in Southaven, Miss.West Florida defeated three of the top four teams last week at the GSC Crossover in Decatur, Ala. Whitney Gay (Cantonment, Fla./Tate HS) hit two home runs in West Florida’s 6-5 win over Delta State. Later that night, Emily Burge (Pace, Fla./Pace HS) tossed her third career no-hitter in a 5-0 win over Christian Brothers. The following day, Gay homered again in a 10-3 win over GSC West frontrunner Arkansas-Monticello. Nicky VanCamp (Davenport, Iowa/Kirkwood CC) smacked a walk-off home run in West Florida’s 4-2 win over Southern Arkansas in Friday’s finale. For her offensive performance, Gay was named the GSC East Division Player of the Week.Ashlee Simpson (Decatur, Ala./Jefferson State CC) leads the Argonauts with a .333 batting average. VanCamp is hitting .455 with five home runs and 10 RBI in 14 conference games. After starting 1-5 against conference opponents, Burge has won her last three conference starts while striking out 34.Kim Weaver, Jessie Wise and Adrienne Clay are all hitting over .300 this season for West Georgia. Kate Thompson is the ace of the Wolves staff with a 15-9 record, a 2.32 earned run average and 143 strikeouts. West Alabama will face nationally-ranked Valdosta State on Saturday before playing West Florida on Sunday.Both games will be broadcast on Stretch Internet and the “live stats” feature will be available for both double headers. Go to the softball page on www.goargos.com to follow the game. On Sunday, Simpson and Valerie Staub (East Brunswick, N.J./Wallace-Dothan CC) will be honored on Senior Day with a ceremony in-between the games of the double headerPrint Friendly Version Share Argonauts Prepare for Crucial Weekend of Conference Gameslast_img read more

Deontay Wilder: Anthony Joshua fight ‘is going to happen’

first_imgWilder, who will fight Dominic Breazeale next month, appears to have put aside thoughts of a rematch with Tyson Fury after their thrilling draw in December.”Fury don’t want to fight me no more. He doesn’t want to feel my power no more,” he said. “I’m learning this business as I go on and I know what me and Joshua means to the sport of boxing. The fight will happen one day, and you’ll see that I was right all along when they give me my roses and I get to smell them.”Promoter Eddie Hearn said Thursday that he expects to announce early next week who Joshua will face at Madison Square Garden in June if the ruling against Miller is upheld pending testing of a B-sample. Deontay Wilder believes a fight with Anthony Joshua to determine the undisputed heavyweight champion is inevitable.Joshua was scheduled to defend his WBA, IBF and WBO titles June 1 in New York against Jarrell Miller.  Join DAZN and watch more than 100 fight nights a yearHowever, that fight has been thrown into doubt after the American returned an “adverse finding” in a drug test conducted last month by the Voluntary Anti-Doping Association. Miller denies any wrongdoing and has appealed the decision to deny him a boxing license.Previous negotiations between Joshua’s and Wilder’s camps appeared tempestuous and did not result in an agreement.But Wilder, the WBC champion, is confident he and Joshua eventually will put everything on the line in a blockbuster bout.”Believe me, this fight is going to happen,” Wilder told Sky Sports. “There will come a day, a day real soon, when there can only be one. The heavyweight division belongs to me, and I’ve known that for a very long time now, but I’m not satisfied with what I’ve achieved so far. I want every single belt, I want to be the undisputed champion, and I want the day to come when there can only be one king and that man will be Deontay Wilder.”This reign will be EVERLASTING!Long Live The KING. @Everlast_ @CrunchGym #AndStill #WorkTime pic.twitter.com/6B6gnKdOUU— Deontay Wilder (@BronzeBomber) April 11, 2019He added: “It’s the fight that sets me apart from everybody else. I’ve fought and hurt every single person that’s been in the ring with me and still they want questions answered. Bermane Stiverne, Alexander Povetkin, Luis Ortiz, and Tyson Fury. I took them all on and hurt them. I’ve proven time and time again that I will fight any heavyweight, but when it’s as big as me and Joshua, then it has to be right.”last_img read more