KLP purges NOK3.2bn of shares as coal ban goes total

first_imgThis minimal tolerance was necessarily, the pension fund said, because it was hard to access accurate information from companies on all revenue below this level.However, it also said it would follow the Norwegian government’s proposal to exclude companies that extract more than 20m tonnes of coal and produce more than 10,000 megawatts of energy from coal power annually. This excluded large companies with significant coal operations, but where the share of revenues was less than 5%, KLP said.The latest exclusions involved 46 companies including coal giants RWE, Sasol and BHP Group, and led to the divestment of shares and bonds worth around NOK3.2bn, KLP said.“We are experiencing a strong commitment among our customers to do more for the climate,” Thornes said. “As a manager of around NOK600bn, we have a great responsibility.”KLP said its new, updated tolerance limit went beyond that of Norway’s sovereign wealth fund, the Government Pension Fund Global. The NOK9.2trn fund can invest in companies that derive up to 30% of their revenue from coal. Norwegian pension fund Kommunal Landspensjonskasse (KLP) has sold off NOK3.2bn (€325m) of investments in companies involved in the coal industry, after reducing its tolerance limit for a business’ exposure to coal to the minimum.Sverre Thornes, KLP’s chief executive, said: “We want to be coal-free because we believe that coal should not be one of the future energy sources.”The fund first introduced a tolerance limit in 2014, excluding companies making more than half of their profits from coal. It reduced this further in 2017 to a maximum of 30%.KLP now excludes investments in companies that derive more than 5% of revenue from coal-based activities.last_img read more

FIFA chief Infantino warns football will be ‘different’ upon return

first_img “It is very important that football follows the instructions of the health authorities and governments, and it is very important that football gives a good example, because it’s clear that no match is more important than a human life. “This we need to clearly have in our minds, while at the same time… working with confidence and thinking positively towards the future. FIFA have postponed the first 24-team Club World Cup after Euro 2020 and the Copa America were both put back by a year Read Also: Suarez ‘hurt’ by criticism of Barca players’pay cut delay “We have to look ahead and can’t remain passive as [the coronavirus] will affect us. Both our world and our sport will be different once we return to normality. “It is our responsibility as football administrators, first of all to ensure football can survive and secondly move forward once again. This is not only our responsibility but also our obligation.” FacebookTwitterWhatsAppEmail分享 Promoted ContentWho Is The Most Powerful Woman On Earth?5 Of The World’s Most Unique Theme ParksTop 10 Disney Male Role ModelsGo Stargazing & Discover The Night Sky At These Cool LocationsBirds Enjoy Living In A Gallery Space Created For Them6 Incredibly Strange Facts About HurricanesPlaying Games For Hours Can Do This To Your BodyBest & Worst Celebrity Endorsed Games Ever Made6 Extreme Facts About HurricanesA Hurricane Can Be As Powerful As 10 Atomic Bombs10 Phones That Can Easily Fit In The Smallest PocketThe Highest Paid Football Players In The World FIFA president Gianni Infantino warned football will be “different” when it returns, and it says it is impossible to know when leagues will resume. The coronavirus pandemic has brought the majority of the football world to a standstill as governments across the globe attempt to tackle the outbreak of COVID-19, with close to one million confirmed cases across the world and over 52,000 people having died after testing positive for the virus. FIFA president Gianni Infantino warned football will be “different” when it returns. Addressing the 72nd Ordinary CONMEBOL Congress during a speech via videolink, Infantino stressed the message that tackling the coronavirus crisis remains the most pressing concern. “Football is not the most important thing, health comes first and should remain our priority until this sickness has been defeated,” he said. “The world is facing new challenges and we have to stay together and work as a team. This is the lesson that football can give: to work as a team. “Tomorrow we all would like to see football again, but we don’t know when we will be able to resume playing and no one around the world knows when we will be able to play like before.Advertisementcenter_img Loading… last_img read more

Chelsea set up Bangkok match

first_img The Blues will return to Bangkok’s Rajamangala Stadium, the venue for Jose Mourinho’s first match of his second spell in July 2013, with a match against Thailand All-Stars on May 30. Chelsea, who sealed the title with three games to go with last Sunday’s defeat of Crystal Palace, had already announced plans to play Sydney FC in the ANZ Stadium on June 2. Press Association Premier League champions Chelsea have announced a second game of their post-season tour, this time in Thailand. center_img Chelsea chairman Bruce Buck said on chelseafc.com: “We are very pleased to finalise our post-season schedule and I look forward to visiting Bangkok again. “Our visits to Asia are always memorable, and I know the team will be well received by our tremendous supporters in Thailand. “I am sure Jose and the team will deliver a performance to entertain as we celebrate what has been such an excellent season.” Chelsea, who won the Capital One Cup in March, play in the International Champions Cup in North America in July as part of preparations for the 2015-16 season. last_img read more

Newcastle recall Mike Williamson from Wolves loan

first_imgStruggling Newcastle have recalled central defender Mike Williamson from his loan spell at Wolves as they attempt top drag themselves out of relegation trouble. Press Association “Williamson made five appearances for the Championship side after heading to Molineux in October, and was due to remain in the Midlands until January.” Williamson, who was deemed surplus to requirements in the wake of Chancel Mbemba’s addition to the squad during the summer, returns with the Magpies back in the bottom three having conceded eight goals in their last two games and 30 in their 14 in the league to date this season. Williamson provided defensive cover for Wolves while Kortney Hause and Ethan Ebanks-Landell were sidelined with injury. Ebanks-Landell is fit again after a broken foot but Hause remains out with a hamstring problem. “We understand the situation and we thank Steve McClaren and Newcastle for letting us take him on loan,” said Wolves head coach Kenny Jackett. “We thank Mike as well and since he has been here we have kept three clean sheets in five games, only conceding three goals, which is a good record. “For us now we have Ethan Ebanks-Landell fit again who we think is a very promising centre back who is ready.” center_img Williamson, 32, joined the Sky Bet Championship club until January in October, but is returning to St James’ Park after Jamaal Lascelles suffered a hamstring injury during Saturday’s 5-1 Barclays Premier League defeat at Crystal Palace. A Newcastle spokesman said: “Newcastle United have recalled defender Mike Williamson from a loan spell at Wolverhampton Wanderers after Jamaal Lascelles suffered a minor hamstring injury during Saturday’s defeat at Crystal Palace. last_img read more

President Trump’s Mar-a-Lago resort temporarily lays off workers

first_imgThe coronavirus pandemic has caused states and cities to issue closures on multiple businesses in order to reduce the spread of the coronavirus.President Donald Trump’s private Mar-a-Lago club in Palm Beach is now one to begin halting business. According to a notice posted this week to a state website Mar-A-Lago will be temporarily laying off 153 workers because of the new coronavirus.The club’s director of human resources, Janine Gill, said the furloughs are temporary, but it is not clear when regular operations will resume again.Those who have been laid-off include bartenders, cooks, dishwashers, drivers, attendants, housekeepers, servers and valet attendants.last_img

SU breaks into top 25 for first time in more than 2 years

first_img Published on February 4, 2013 at 1:58 pm Contact Jacob: jmklinge@syr.edu | @Jacob_Klinger_ Facebook Twitter Google+ The SU women’s basketball team is ranked No. 24 in the country now in the Associated Press Top 25 poll.The Orange (18-3, 6-2 Big East) is off to its best start in program history and received votes for the top 25 for the past 10 weeks. SU cracked the USA Today Coaches Poll Jan. 15 at No. 23 and is now No. 24 in that poll.Coming off two Big East wins, SU visits conference winless Cincinnati Tuesday to defend its new ranking. SU’s highest ever ranking was No. 21 in the Feb. 11 2008 AP poll. That Orange team was the last to make the NCAA tournament. Commentslast_img

Tiana Mangakahia one point shy of tying Syracuse single-game points record with 44 in 88-77 win over Georgia Tech

first_imgTiana Mangakahia walked away from her on-court postgame interview with a huge smile on her face. Fans hustled from all over the Carrier Dome to high-five her as she strolled down the tunnel. She said a few thank yous to the home fans and the grin never disappeared. Mangakahia had plenty of reasons to smile.In Syracuse’s (13-3, 1-2 Atlantic Coast) 88-77 win over Georgia Tech (12-4, 1-2) on Thursday night, Mangakahia came within one point of tying the program record for single-game scoring, finishing with 44 points. She set a program mark with her 20 free throws made and tied the record with her 21 attempted. For good measure, she added eight assists.“She’s just an amazing player,” SU head coach Quentin Hillsman said. “And she did a good job of willing us to win … I’ll take 44 and eight every night.”The second half featured an especially potent Mangakahia. After scoring 15 in the first half, she went back out of the tunnel and dropped 16 in half the time. Adding 13 in the fourth quarter left her one shy of matching Alexis Peterson’s all-SU basketball and Carrier Dome record of 45 points in a game, set last season.SU knew how it wanted to attack GT and it didn’t stray from the plan. Mangakahia and Hillsman both said they knew the Yellow Jackets would switch every time the Orange set a screen. When the switches came, Hillsman wanted his point guard to get downhill and “attack.” She did.AdvertisementThis is placeholder textCodie Yan | Staff PhotographerWhile Mangakahia didn’t solely rely on one method of attack, she kept going back to one in particular. She’d set up on the left side of the floor and wait for a screen to allow her to dribble right. Most possessions, Hillsman directed whichever player had the defender on them that he wanted Mangakahia to face to go screen for her. Once Georgia Tech switched, the attack began.“We got the matchup that we wanted and told her to turn the corner and make plays,” Hillsman said, “and she turned the corner and made plays.”Mangakahia used a myriad of moves. Crossovers and behind-the-backs. Spin moves and up and unders. Regardless of the method, the result ended up the same on numerous occasions: a whistle and a foul call. At the line, Mangakahia took advantage of the free points, missing only one of her 21 free-throw attempts.Syracuse’s star’s night got off to an inauspicious start. Less than three minutes into the ballgame, Mangakahia drove and did what Hillsman characterized a “U-turn” instead of continuing on toward the basket. SU’s coach pointed at Chelayne Bailey to check in for Mangakahia and the starting point guard sat for about three minutes. The message seemed to be received. Mangakahia didn’t make any more U-turns.“He subbed me out,” Mangakahia said.“And he doesn’t usually,” she added, laughing.Early in the third quarter, Mangakahia drove easily by her defender and was fouled. One voice from the Syracuse bench shouted “they can’t guard you.” Another piped up with “all day.” Facebook Twitter Google+ Postgame, Mangakahia agreed.“I did feel like they couldn’t really guard me,” Mangakahia said. “So I was taking advantage of that.”In the second half, Hillsman appeared to be arranging SU’s offensive sets on the fly. Once, though, Mangakahia looked over at her coach, smirked and gestured at the girl guarding her, as if to suggest that Hillsman should just let her beat the opposition, again.Mangakahia had grown frustrated with a few no-calls in the first half after her drives ended without finishes or whistles. She even spent one sequence while she was inbounding along the baseline speaking to the referee before throwing her inbounds pass out of bounds. The calls started to go her way in the second quarter.For one of the few times all game, Mangakahia drove left instead of right and rose with her off-hand to the rim. Through contact with a whistle blowing, the ball dropped for an and-1. As soon as Mangakahia’s feet hit the ground, she was pumping her right fist in excitement.A few possessions later, she drove right before faking a spin to her left. The defender bit on the fake and Mangakahia stepped through with her right foot back to the right side of the rim. She absorbed the contact and finished. No fist pumps this time, just three or four hops up and down. She missed the ensuing free throw, her only miss from the stripe on the evening.Mangakahia scored her 43rd and 44th, and final, points on a layup driving right with 4:07 remaining in the game. Plenty of time to set the new program-record. It was then that Georgia Tech started double-teaming the only Syracuse player in double-figures.“One of the girls on the bench was going, ‘Oh you’ve got 30, oh you’ve got 40,’” Mangakahia said.After the game, Mangakahia said she knew that setting the record was just two points away. She’d already scored more points than she ever remembered scoring in a game in her life. And in the final four minutes of the game, Mangakahia proved to be what she and Hillsman both characterized her as postgame: a pass-first point guard.The Yellow Jackets brought a double team to Mangakahia as she dribbled near halfcourt. She’d already tried dribbling around the doubles a couple of times but one more basket just wasn’t important to her.“If me scoring those two points doesn’t matter,” Mangakahia said, “then I’m not going to throw myself out there to score those two points.” Commentscenter_img Published on January 4, 2018 at 11:12 pm Contact Billy: wmheyen@syr.edu | @Wheyen3last_img read more

Katie Taylor set for hardest test yet tonight

first_imgBray’s Katie Taylor is set to box in front of a sold-out Wembley Stadium tonight.The 2012 Olympic champion unbeaten German Nina Meinke in a world title eliminator.Taylor expects it to be the stiffest test of her pro career to date. That’s on the undercard of the huge heavyweight world title fight between Anthony Joshua and Wladimir Klitschko.The winner will be crowned IBF and WBA world champion.last_img

CJ Cup in South Korea moving to Shadow Creek in Las Vegas

first_img WATCH US LIVE Last Updated: 25th August, 2020 06:48 IST CJ Cup In South Korea Moving To Shadow Creek In Las Vegas The CJ Cup in South Korea will be played this year at Shadow Creek in Las Vegas, a move that allows the PGA Tour to stage most of its Asia swing amid the coronavirus pandemic and attract top players who might not otherwise have left the country FOLLOW US First Published: 25th August, 2020 06:48 IST SUBSCRIBE TO US COMMENTcenter_img The CJ Cup in South Korea will be played this year at Shadow Creek in Las Vegas, a move that allows the PGA Tour to stage most of its Asia swing amid the coronavirus pandemic and attract top players who might not otherwise have left the country.The tournament will be called the CJ Cup at Shadow Creek, instead of the CJ Cup at Nine Bridges, the course on Jeju Island, South Korea, where it had been played the previous three years. Justin Thomas is the defending champion, having also won the inaugural year. Brooks Koepka won in 2018.The move also gives the PGA Tour another doubleheader in the same city. The tournament will be Oct. 15-18, one week after the Shriners Hospitals for Children Open at the TPC Summerlin in Las Vegas. The tour in July played consecutive tournaments at Muirfield Village in Ohio.Shadow Creek is a private club north of Las Vegas that previously was televised two years ago on Thanksgiving weekend when Tiger Woods and Phil Mickelson played a pay-per-view exhibition, which Mickelson won to claim the $9 million winner-take-all prize.The Associated Press first reported the developments in the Asia swing last month, and the PGA Tour is still working out details on the possibility of the Zozo Championship in Japan moving to the West Coast for this year. Two people with direct knowledge of the negotiations said Sherwood Country Club in Thousand Oaks, California, would be the course. They spoke to the AP on condition of anonymity because the deal has not been finalized. That would be the week after the CJ Cup.Woods is the defending champion of the Japan event and a five-time winner at Sherwood when his World Challenge was played there.By working with CJ Group and Zozo, the tour has managed to keep together a lucrative part of its fall schedule and provide big tournaments just a few weeks before the Masters, which was moved from April to November this year because of the pandemic.“The PGA is truly appreciative of CJ Group’s commitment to bring the CJ Cup at Shadow Creek to the United States this October,” said Ty Votaw, the tour’s executive vice president of international operations. “While our players have always looked forward to visiting Korea, the current circumstances provided this new opportunity to bring the event to Las Vegas, which will also provide brand exposure and awareness to the viewing audience in the United States and around the globe.”Ethan Kim, sports marketing director of CJ Group, said the tournament would return to South Korea in 2021.The CJ Cup has a 78-man field that features the highest-ranked South Korean from the Asian Tour money list, up to five players designated by the Korean PGA and the top three South Korean players available from the world ranking as part of CJ Group’s desire to help develop golf in South Korea. The rest of the field comes from the FedEx Cup standings, and there has been no shortage of top players who have gone to Jeju Island the last three years.Thomas said it has become one of his favorites. It helps that he won twice.“It’s unfortunate that we won’t be able to travel to Korea for this year’s event, but it is fantastic that we will still be able to shine a light on CJ Group through the tournament at a venue like Shadow Creek,” Thomas aid.The third event in the Asia Swing is the HSBC Champions in Shanghai, part of the World Golf Championships. That event is likely to be canceled this year in light of China banning all sporting events the rest of the year except those connected to the 2022 Olympic games in Beijing.Image credits: AP Associated Press Television News Written By LIVE TVlast_img read more

Warriors rally to defeat LA Clippers 124-117

first_img“Well, we’ve gotta keep working on it,” Rivers said, when asked about closing out games. “Like I said before the game, I know we’re close, but close isn’t good enough. “You’ve gotta finish games. But I don’t think it started in the fourth quarter. I thought right at the end of the second quarter is when we stopped playing with the same force we played with the first quarter and a half.”Paul led the Clippers (6-5) with 35 points — 18 in the first quarter — after having missed the previous two games with a groin strain. He made his first seven shots and finished 13 of 22. Blake Griffin scored 27 points, Jamal Crawford scored 15, Austin Rivers 10 and DeAndre Jordan had nine points and 10 rebounds.The Clippers led by 10 points in the fourth quarter Nov. 4 at Golden State, only to lose that one by four points.“They executed down the stretch and it reminded me of when we first played them at Golden State,” Paul said. “They made big shots when they needed to and I feel that is on me. I need to control the game down the stretch.“When we were up by 10 points with six minutes left, we have to find a way to win the game. That’s on me.”The Warriors shot 52.1 percent from the field, a whopping 56.7 percent (17 of 30) from 3-point range. They shot 73.3 percent in the fourth quarter, 88.9 (8 of 9) from beyond the arc.Griffin was not happy.“It’s tough, obviously,” he said. “We definitely had some slips and errors there, but in the fourth quarter we need to do a better job and take advantage (of having a lead).“Their numbers were insane and you aren’t going to win any games down the wire if you allow a team to shoot like that.”J.J. Redick sat out again with back spasms. Shaun Livingston did not play for the Warriors Steph Curry led Golden State with 40 points; he also led everyone with 11 rebounds. His two free throws with 25.3 seconds to play for a 122-115 lead sealed the Clippers’ fate. Klay Thompson scored 25, Harrison Barnes 21 and Green 19.Curry scored only three of his points in the first quarter after taking two early fouls. He scored 13 in the critical fourth quarter and shot 11 of 22 for the night, including 6 of 14 from 3-point range.“We finally got stops and stopped turning the ball over, which starts with me,” said Curry, who had seven of his team’s 19 turnovers. “We know the recipe against the Clippers is that you can’t give them easy points.“Whether they shoot well or not, that’s what fuels their offense — easy buckets in transition off of turnovers.”The Clippers led 41-21 in the first quarter and 50-27 and 55-32 in the second. That his team came back from all that to win by seven made Walton a happy coach.“That was pretty fun to watch our guys fight back like that after the first quarter the Clippers had,” he said. “We kept telling them, ‘Just keep chipping away.’ The Clippers played great and didn’t give in.”When the Clippers fought back to lead by 10 after seeing their lead reduced to 96-95, it appeared they might get the Warriors in this one. But the Warriors showed why they have yet to lose.The Warriors trailed the Brooklyn Nets by 17 in the second quarter on Nov. 14 in Oakland, coming back to win that one by eight.The Clippers, who shot 50 percent, play Friday at Portland. The Golden State Warriors are what the Los Angeles Clippers would like to become. The Warriors won the NBA title in June. They have followed that up by starting this season 13-0, their latest win coming Thursday night when they overcame a 23-point first-half deficit to defeat the Clippers 124-117 in a thriller before 19,528 at Staples Center. The Warriors are doing it by playing the proverbial clutter-free style of basketball, meaning in part that no one cares about anything other than winning. Personal goals and the like are irrelevant.They also have a swagger to them. “You’re the champions,” Golden State interim coach Luke Walton said before the game. “You feel like you can win any game. You don’t ever feel like you’re out of anything. And our guys have it right now.” Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img Golden State is within two wins of tying the record for most consecutive wins to start a season.The Clippers twice led by as many as 23 points in the first half, only to see that lead whittled to just 14 (68-54) at halftime. The Clippers led by only six points (91-85) after three quarters when Draymond Green buried a 3-pointer at the buzzer.“One of our things before the game was the team that plays the hardest the longest was going to win the game,” Clippers coach Doc Rivers said. “It was going to be a close game; I felt that before the game and it turned out to be that.“But they made every big shot. I think the difference right now for them is they just kept trusting. Their ball found anyone. They swung to (Andre) Iguodala twice for 3s (in the fourth quarter). They just kept finding the open guys. Some of those were (defensive) breakdowns, some of those were good offense on their part.”The Warriors outscored the Clippers 70-49 in the second half, 25-8 over the final 5:54 after Chris Paul gave the Clippers a 109-99 lead with a 3-pointer.last_img read more