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

Happy Diwali 2019! A look at the best greetings, wishes and memes

first_img Jack SlaterSunday 27 Oct 2019 12:05 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link (Picture: Twitter) (Picture: quora)MORE: What is Diwali and what to say to someone celebrating the festival?MORE: The Big Bang Theory’s Kunal Nayyar breaks social media silence after four months to celebrate Diwali Happy Diwali 2019! A look at the best greetings, wishes and memes (Picture: Twitter)Diwali memesOf course, this being the generation of social media and memes, it wasn’t long until those taking part in celebrations started to poke fun at some of the quirks. (Picture: Twitter) Advertisement Advertisement Comment (Picture: Quora)A big message for this year’s Diwali was to try and limit how many firecrackers are lit, in a bid to make the festival more environmentally-friendly. People are joining in with the festivities online too (Picture: Rex Features)The festival of lights is lighting up social media.As Hindus, Sikhs and Jains around the world kick off Diwali celebrations, people have taken to social media to share heartfelt wishes, greetings and, of course, memes – with Big Bang Theory’s Kunal Nayyar breaking his four-month silence to join in.Here’s a round-up of what social media users and celebs are sharing for Diwali 2019.Celebrities wishing a Happy DiwaliMayor of London Sadiq Khan is just one of the many public figures sharing his Diwali wishes online.ADVERTISEMENTJeremy Corbyn, Arsenal FC and Boris Johnson have also posted messages of support and celebration. (Picture: Twitter) (Picture: Twitter)  (Picture: Twitter) The FixThe daily lifestyle email from Metro.co.uk.Sign upFind out morelast_img read more

LIVE: Gov. Ron DeSantis gives coronavirus update

first_imgFlorida Gov. Ron DeSantis gives an update live from Tallahassee about the state’s response to the coronavirus pandemic.last_img