Leading green bond firm threatens State Bank of India over support for Australian coal mine

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:Amundi said it has warned the State Bank of India it will evict one of the lender’s green bonds from a flagship fund if it helps finance a coal mine in Australia that has met fierce opposition from environmental groups. Amundi, which holds the bond in its Amundi Planet Emerging Green One fund, said it had learnt this week that the Indian bank was considering financing the Carmichael thermal coal mine in Australia.Carmichael has drawn strong opposition from climate campaigners because of the potential carbon emissions that would be produced by the mine, at a time when many countries are exiting coal to help fight global warming.Under pressure from investors, a string of banks and insurers have already cut ties to the project, with the most recent being Lloyd’s insurer Apollo.Amundi’s Jean Jacques Barberis, Director of the Institutional and Corporate Clients division & ESG, said the asset manager had contacted the bank to voice its concern and followed up with a letter to the management on Thursday.The Amundi fund – the largest aimed at green bonds in the emerging markets – looks to invest in bonds that help fund environmentally friendly projects, but also looks at the issuer to make sure its other activities are “coherent”.“We consider SBI should not finance this project. It’s their decision, ultimately, but we’ve been extremely clear on the fact that, if they decide to do it, we would immediately disinvest,” said Barberis. Financing the mine would be in “total contradiction” to the SBI activities financed through its green bond, he added. “We have engaged SBI, asking them not to participate (in the loan)… and now we are waiting for their answers.”[Simon Jessop]More: Amundi gives bond warning to State Bank of India over coal mine Leading green bond firm threatens State Bank of India over support for Australian coal minelast_img read more

Fifa World Cup FIFA World Cup 2018: Portugal-Uruguay clash more than Ronaldo vs Suarez, says Alves

first_imgNew Delhi: Portugal defender Bruno Alves said Saturday’s FIFA World Cup last-16 match-up between Portugal and Uruguay will be more than a clash between Real Madrid star forward Cristiano Ronaldo and Barcelona’s superstar Luis Suarez.The Euro winners will face Uruguay in Sochi for a berth in the quarter-finals after finishing as the runners-up in Group B behind 2010 World Cup winners Spain. “I don’t think it will be a duel between Suarez and Ronaldo,” Alves said on Thursday. “It’s a match between the two teams, Portugal and Uruguay, and we’ll do everything we can to win.”Uruguay won all three matches in their group, beating hosts Russia 3-0 in their last group game, and are the only team yet to concede a goal at FIFA’s flagship event.Portuguese skipper Ronaldo has scored four of Portugal’s five goals in the tournament so far, while Barcelona star Suarez struck against Saudi Arabia and Russia.”At this stage we still believe we have room for improvement,” Alves said.”I think we will win, but you can’t forget you can only win if you play well and I think we’ll play well.”The 36-year-old Rangers centre-back is participating at his third World Cup, although Alves is yet to make an appearance in Russia.  “I feel that we’re always highly motivated. I think all of us have come here to play and when our moment comes we will be ready for it to help Portugal win,” he said. “I think this Portugal team is ready for everything. We’ve shown we have the chance to win and if we keep it up this way I think we’ll be successful. There are difficult games in store for us though.”The Seleccao das Quinas survived a late scare against Iran on Monday, as Ronaldo missed a penalty and was extremely fortunate to escape a red card for an elbow.Portugal have not lost a competitive match with Ronaldo at their helm since the 2014 World Cup, but were beaten on penalties by Chile at last year’s Confederations Cup.”Everybody can see that in this World Cup there are no easy games,” Alves said. “Germany’s fate made it clear what can happen to any strong team.”Uruguay are hopeful Jose Maria Gimenez will return from injury to resume his centre-back partnership with Atletico Madrid team-mate Diego Godin. For all the Latest Sports News News, Fifa World Cup News, Download News Nation Android and iOS Mobile Apps.last_img read more

Dolphins, First Bank Maintain Unbeaten Runs as Second Phase Ends

first_imgDefending Champions Dolphins Basketball Club and First Bank’s Elephant Girls dominated the second phase of the Zenith Bank Women Basketball League which ended yesterday in Asaba, Delta State.They are yet to lose a game in the league since the jump ball in the first phase in Abuja. Both teams are likely to go down the wire in the Final Eight slated to hold in Lagos.Yesterday, First Bank did nothing to earn maximum point as the Elephant Girls walked over Sunshine Queens of Akure. Kano team, AHIP, similarly walked over Zamfara Babes. In other matches, Benue Princess beat IGP Queens 51- 45 while Nigeria Customs also defeated First Deepwater 49-31.While expressing joy over the quality of play in the second phase, sponsors of the league, Zenith Bank Plc officials commended all the teams for putting up good shows in the first and second stages of the 2016 edition of the league.They said that they were looking forward to even better performances at the finals in Lagos to show to the rest of the continent that the women league here can make any other in the continent.“We are committed to the development of basketball and we are happy that the teams taking part in the league are good ambassadors of the game,’” conclude an official from one of the branches of the bank in Delta State.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more