Biggest banks and insurance companies investing in
In the last two years, Bank of America, Goldman Sachs, Wells Fargo, and Morgan Stanley have announced goals to finance and invest in renewable energy projects, transmission lines, energy efficiency and storage…..
Annual global investment in “green bonds” for renewable energy and climate mitigation projects reached a record $10 billion last year
Investors see green in clean energy, Boston Globe By Derrick Z. Jackson GLOBE COLUMNIST JANUARY 25, 2014 IT WAS NOT THE USUAL ROUNDUP OF ENVIRONMENTAL ACTIVISTS SAYING THE SKY IS FALLING. INSTEAD, IT WAS THE BIGGEST BANKERS AND INSURANCE COMPANIES CALLING FOR MASSIVE INVESTMENTS IN CLEAN ENERGY LEST WE — AND THEY — PAY IN MASSIVE DAMAGES FROM CLIMATE CHANGE.
“It’s the issue of our day,” said former Treasury Secretary Robert Rubin.
“The costs of another Sandy will grow from $19 billion to $90 billion,” said J. Eric Smith, the CEO of Swiss Re Americas.
Lisa Carnoy, head of global capital markets for Bank of America Merrill Lynch, exhorted her colleagues to fund clean energy projects until “every blue chip company in the S&P and . . . every investment manager has a green energy bond.”
They all spoke last week at the Investor Summit on Climate Risk, a forum of about 500 people sponsored by the UN and Ceres, the Boston-based coalition of investors, industries, and environmental groups that has sought for 25 years to engage big business in environmental protection and the climate change battle. The gathering offered the best evidence to date of corporate capital being thrown into the fight.
In the last two years, Bank of America, Goldman Sachs, Wells Fargo, and Morgan Stanley have announced goals to finance and invest in renewable energy projects, transmission lines, energy efficiency and storage, and transportation, water, and waste projects. Combined with an earlier commitment by Citi, those institutions have pledged a total of $180 billion by 2022. Annual global investment in “green bonds” for renewable energy and climate mitigation projects reached a record $10 billion last year………http://www.bostonglobe.com/opinion/editorials/2014/01/24/investors-see-green-clean-energy/F7sxg6y3Ljfsp2WwARNGZN/story.html
No comments yet.
1.This month
For international nuclear news go to https://nuclear-news.net/
FEDERAL. Inquiry into the prerequisites for nuclear energy in Australia Read the published submissions on the Parliamentary website. Read the SUMMARIES of submissions here.
Julian Assange and the Australian Media | Q&A
EVENTS
MELBOURNE – 11 October – #BRING ASSANGE HOME! October 15 – Whyalla, South Australia Say NO to Nuclear Waste in SA – Community Information Night 
FREEDOM OF INFORMATION – theme for October 19
Christian Porter’s press freedom ‘safeguard’ raises fears over reporters’ independence
Key points:
- Mr Porter’s directive could protect ABC and New Corp employees from prosecution for reporting on national security issues
- But Law Council president Arthur Moses SC fears the decision will pressure journalists to keep in governments’ good books to avoid criminal charges
- The Media, Entertainment and Arts Alliance says the measure could act as a safeguard but it was the wrong approach
Under pressure to do more to protect press freedom, Christian Porter issued a directive that prosecutors will need his approval before charging journalists under certain sections of Australia’s secrecy laws.
The decision could shield ABC and News Corp employees from facing possible criminal charges over their reporting on national security issues following June’s raids by the Australian Federal Police.
But Law Council of Australia President Arthur Moses SC said it would not help solve the “legitimate concerns raised by the media” since the raids.
“Let me be very blunt about this, it does not allay the concerns that have being raised in relation to press freedoms in Australia,” Mr Moses said.
“It puts the Attorney-General, who after all is a politician, in the position of authorising prosecutions of journalists in situations where they may have written stories critical of his Government.
“It creates an apprehension on the part of journalists that they will need to curry favour with the Government or, in particular, the Attorney-General in order to avoid prosecution………..
The directive did not rule out the prospect of the journalists facing charges, nor did it make any mention of any particular cases.
Media, Entertainment and Arts Alliance president Marcus Strom agreed Mr Porter’s measure could act as a safeguard, but did not agree it was the right approach.
“We’d like to think it’s a welcome development for Dan Oakes, Sam Clark and Annika Smethurst who have been facing prosecution recently,” Mr Strom said.
“[But] we don’t want politicians to be deciding the fate of journalists.
“It doesn’t seem to be a solution to the problem — which is that journalism is effectively criminalised in this country.”
Mr Strom has argued for the decision to be made as part of a judicial process instead.
The Shadow Attorney-General Mark Dreyfus said while Labor welcomed the measure, Mr Porter still needed to rule out any charges being laid against the three journalists.
“This direction is not legislation … it won’t prevent police raids, it won’t prevent other actions of intimidation by the Government,” he said.
“What we urgently need are more robust protections for press freedom.” https://www.abc.net.au/news/2019-10-01/journalists-under-pressure-government-onside-press-freedom-afp/11562102
PETITION
Free Julian Assange, before it’s too late. Sign to STOP the USA Extradition
Leave a Reply