​KLP adds 12 to blacklist on environmental and social grounds

first_imgNorway’s primary municipal pensions provider KLP has announced it is adding 12 companies to its investment blacklist this month on environmental and social grounds, and re-admitting four firms that are no longer falling foul of its guidelines.The NOK765bn (€72.6bn) fund revealed it has sold off NOK38m (€3.6m) of investments in the mostly small firms being rejected from its investment universe from this month for coal, oil sands, gambling, alcohol and environmental damage reasons.The new exclusions include Jardine Strategic Holdings, Jardine Matheson Holdings and Cimic Group because of coal business, along with Japan Petroleum Exploration for oil sands involvement.Last year, KLP tightened its divestment criteria on oil sands, selling the shares and bonds of five companies with activities in the fossil fuel business as a result. Landing International Development and Universal Entertainment Corporation are two of the five firms being newly rejected by the Norwegian fund for gambling activities, while BJ’s Restaurants and MGP Ingredients have been banned for alcohol business.ElSewedy Electric has also been divested on the grounds of serious environmental damage, regarding a dam and a hydroelectric plant being built in Tanzania, said KLP.The four companies being brought back into the fold include Aecom and Raytheon, because they are no longer involved in the production of components for nuclear or cluster weapons.Petrobas ban reversalKLP also said its exclusion of Petrobras on the grounds of corruption is being reversed, with Texwinca Holdings – which was excluded for human and workers’ rights –  no longer banned since the factories affected were closed down.These re-inclusions have resulted in new investments of NOK140m, the fund said, though it added that Texhwinca was currently outside its investment universe anyway.Asked whether KLP expected the new divestment decisions to influence the corporates’ future behaviour, Jeanett Bergan, head of responsible investment at KLP, told IPE the potential impact of such blacklistings depended on the nature of a firm’s involvement in the business activity being rejected.“As this is a product-based criterion, it really depends if the company’s core business is what excludes them – if so, then it will be hard for us to have any influence, but if it’s a minor part of their business, or if they are transitioning away from coal, for example, it could make a difference,” she said.“In the main KLP divested from certain business sectors because it believed these had negative effects on society and therefore did not want to earn money from these areas”However, in the main KLP divested from certain business sectors – such as alcohol, tobacco and gambling – because it believed these had negative effects on society and therefore did not want to earn money from these areas, Bergan said.Risk management framework evolvesSeparately, KLP said it had recently amended the part of its responsible investment guidelines on how its assessed risk in investing and whether to exclude a company.“We are developing a new overall framework for risk management and due diligence in our investments now, and the change we have adopted in the exclusion criteria is part of this work,” Bergan said.The new paragraph allowed KLP to exclude companies on due diligence grounds, with a combination of country risk, industry risk and corporate risk allowable as grounds for exclusion, she said.The thinking behind this, she said, was that while investors and companies had a due diligence obligation under the UN’s guiding principles for business and human rights and other norms, certain countries and markets which involved higher ESG risk had a lack of transparency and freedom of speech – which hampered monitoring of potential breaches.“Saudi Arabia is just such a market and we will probably use this new criterion in eventually evaluating which companies to invest in,” Bergan said.Since last year, KLP has been assessing Saudi Arabia as a potential investment location, with the Gulf state having been included in the MSCI Emerging Markets index from July 2019.This assessment has not yet come to a conclusion, Bergan told IPE.To read the digital edition of IPE’s latest magazine click here.last_img read more

La Liga names match referee for Real Madrid’s tie against Villarreal

first_img Promoted Content7 Universities In The World Where Education Costs Too MuchYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day9 Facts You Should Know Before Getting A TattooThe Models Of Paintings Whom The Artists Were Madly In Love WithCouples Who Celebrated Their Union In A Unique, Unforgettable WayBest Car Manufacturers In The WorldWhich Country Is The Most Romantic In The World?Who Is The Most Powerful Woman On Earth?2020 Tattoo Trends: Here’s What You’ll See This Year7 Breathtaking Train Stations Around The Globe5 Of The World’s Most Unique Theme Parks Loading… Read Also: Eden Hazard struggles to bounce back at Real Madrid “I asked him if he has a personal problem with me.” While Real Madrid’s results with Hernandez Hernandez haven’t been positive, with just two victories in the last 10 matches with Hernandez Hernandez at the helm. FacebookTwitterWhatsAppEmail分享 Alejandro Hernandez Hernandez will be in charge of Real Madrid’s penultimate game of the LaLiga Santander season on Thursday against Villarreal at the Estadio Alfredo Di Stefano. The Technical Referees Committee released the list of the referees who will officiate the Matchday 37 games on Tuesday. Los Blancos were not happy about Hernandez Hernandez’s refereeing in some of their games in the past. In fact, Real Madrid captain Sergio Ramos had previously expressed his displeasure about some of the Hernandez’s decisions after a 1-0 defeat to Levante earlier in the current campaign. “I’m annoyed with this referee,” Ramos said back in February.Advertisementlast_img read more

COLUMN: It’s time for the Dodgers to deliver another World Series title

first_imgThe start of the regular season brings hope and anticipation to all 30 clubs across Major League Baseball. Even for the franchises not expected to make much noise in 2017, there is something refreshing and exhilarating about the prospect of a clean slate. And in a sport that sees 162 games played over the course of a season, almost anything is possible for any team during the next five months. For the Los Angeles Dodgers, yesterday’s Opening Day matchup commenced another opportunity to put an end to the franchise’s 29-year World Series drought. If Dodger fans wanted a good omen to open up the regular season, then they got that — and some — in the team’s season-opening 14-3 victory over the visiting San Diego Padres on Monday. Seven innings of one-run ball from ace Clayton Kershaw paired with four long balls offensively (two from catcher Yasmani Grandal) gave the Dodgers a dominant Opening Day win that makes you believe they can live up to the hype they have generated for themselves. Of course, it’s wonderful to have the national pastime back in the national spotlight on a daily basis. However, for Dodger fans, you’d be hard-pressed to find anyone overemphasizing the need for a stellar regular season effort from the team; for the fans of the Dodgers, it’s all about what their team goes on to accomplish in October that will count for any merit. Only in postseason success will Dodgers fandom find any feelings of satisfaction. While the prospect of a 100-win regular season is appealing, it’s not the true desire of those bleeding Dodger blue.We’ve sat at the postseason dinner table far too often without receiving the entree we feel we’ve deserved: a World Series championship. As great as four consecutive NL West division titles have been, Dodger fans demand an October run to the Commissioner’s Trophy — heck, at least a berth in the Fall Classic. In a city such as Los Angeles, the Dodgers’ 29-year title drought has felt like the equivalent of the Chicago Cubs’ most recent 108-year World Series absence. As wonderful as it has been seeing someone like Kershaw ascend to the top of the baseball world over the past decade — winning three Cy Young Awards and the MVP in 2014 — nothing would further cement Kershaw’s status as one of the Dodger greats than a World Series title. The Dodgers’ last four trips to the postseason have ended in the following rounds: NLCS, NLDS, NLDS and NLCS. If this confirms anything, it’s simple: Los Angeles enters 2017 with a World-Series-or-bust mentality. My younger years of consuming baseball were scarred with brutal memories of the Dodgers flubbing at the most crucial points in the postseason. What Dodgers fan can forget those tragic battles with the Philadelphia Phillies all those years ago in the 2008 and 2009 Championship Series (curse you, Jonathan Broxton)? I was just 16 when the Dodgers got carved up by Cardinals pitcher Michael Wacha in the 2013 NLCS — St. Louis topped the Dodgers in the 2013 NLCS and 2014 NLDS. And don’t think for one second that the Dodgers opening every season as Vegas’ favorite to win it all consoles me in any way. Once again, the Dodgers open the 2017 season as World Series favorites in the eyes of many — including Sports Illustrated, who predicted the Dodgers topping the Cleveland Indians in the Fall Classic. If we have learned anything as a nation over the past year, it’s that you can never trust the projection polls — no matter how secure they may seem. For Dodgers manager Dave Roberts and company, the upcoming 161 games will no doubt be a grueling and critical gantlet. But no matter what impressive feats the Dodgers rattle off over the next five months of play, nothing will define the team’s 2017 campaign more than a World Series trophy at the end of it. Of course, a trip to the postseason is guaranteed to no team. But for the Dodgers — who entered Opening Day with the highest payroll in baseball ($225 million) for the fourth consecutive season — there is no reasonable excuse to not clinch a playoff berth. It’s simple: The Dodgers need to play as big as their bankroll, not only over the duration of the regular season, but also especially into September and October. Some may consider Dodger fans a spoiled bunch for not “appreciating” four straight division titles (a franchise record), but in a title town like Los Angeles, the only standard is a championship standard. The Dodgers need no more division titles — we’ve got plenty of them represented at Chavez Ravine. The only merit Los Angeles can afford to accept now is a 2017 World Series pennant to accompany the franchise’s long-lonely world titles from the 1950s, 1960s and 1980s that run down Dodger Stadium’s right-field line.Angel Viscarra is a sophomore studying broadcast and digital journalism. His column, “Viscarra’s Vice,” runs on Tuesdays.last_img read more

Using science and analytics to guide nitrogen management

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Kyle Poling, Pioneer Field Agronomist, Ada, OhioNitrogen (N) is typically the most yield-limiting nutrient in corn production. Additionally, nitrogen management is among the most uncertain and costly inputs of modern corn production. With N accounting for up to 20% of total crop cost, growers are faced with the challenge of how to meet N requirements without over-applying or under-applying.An ideal nutrient management plan would be for a grower to make nitrogen available to the corn to supply adequate amounts of N as the crop needs it. Only about 10% of the total amount of nitrogen is taken up between the period of corn emergence to knee high. During the rapid vegetative growth phase, from V8 through tasseling, corn generally requires over half of its total N supply. Providing adequate N for this period is a key goal of N management.The last one-third of a corn plant’s N requirement must still be met by uptake during the reproductive stages (ear-fill). Nitrogen uptake during the ear-fill period can minimize the remobilization of N from vegetative to reproductive tissues. This means that the plant does not have to cannibalize the leaves to provide N for kernel development when it can take up N from the soil during this period. A corn crop that carries plant health (green leaf area) into late summer/early fall extends the duration of photosynthesis, continues carbohydrate production, and maintains the opportunity to add additional grain yield.Applying N at multiple times can spread the risks of nitrogen loss and crop deficiency, improve profitability by reducing N rates, and benefit the environment by not applying “insurance fertilizer” that can potentially be lost. To help reduce N losses from rainfall related losses, nitrogen “stabilizers” or “additives” can be applied along with N fertilizers.Yield goal and generalized nitrogen response relationships are often the best benchmarks available to guide management. However, neither of these approaches account for how variability in soils and weather affect crop growth and nitrogen availability at specific locations. Crop models offer one way to bring field and weather variability information into the nitrogen management decision-making process. While crop simulation models have historically been used for research purposes, advances in cloud computing and data management now make it possible to effectively extend crop models to commercial production systems. One of the major advantages of using crop models to guide nitrogen management decisions is that they can integrate the numerous, complex processes that affect soil nitrogen and provide actionable information that has meaning in a management context. Crop models can also incorporate weather information dynamically, as it occurs, so that nitrogen can be monitored and managed in real time.Key components that can be integrated into a nitrogen model include: (1) crop uptake of nitrogen during crop growth, (2) nitrogen mineralization by breakdown of organic matter, and (3) loss of nitrogen through leaching, denitrification, and volatilization.The outcomes of nitrogen management decisions are inherently inexact due to imperfect knowledge of future weather events that strongly influence crop growth and soil nitrogen levels. Nitrogen modeling is a new tool that corn growers can incorporate into their nitrogen management system to account for uncertainty in the weather in conjunction with grower yield goals to provide estimates of the risk associated with planned management actions. This exciting new tool will allow growers to use science to remove some of the guesswork from corn nitrogen management. For more information regarding nitrogen monitoring, contact your local Pioneer sales representative or visit Pioneer GrowingPoint agronomy at pioneer.com/agronomy.last_img read more

All players indulge in spot-fixing: Latif

first_imgFormer Pakistan captain Rashid Latif says cricketers from all Test-playing nations indulge in spot-fixing and some matches are scripted “like movies”.Latif, who retired in 1994 tour to protest suspected match-fixing by his teammates, said Pakistani cricketers are not the only ones involved in such shady dealings.”It is widely believed that only Pakistani players are involved in this practice (spot-fixing), but I have seen it all very closely and I can easily say that players from every country do it,” Latif told ‘The Age’.”There are clever ways to manipulate the game and maximise profits if players are involved. For example, some cricket matches have been scripted, like movies or plays, where it is decided that so many runs are to be scored in the first session of a Test, or how many in a certain over, and so on,” he said.His comments come amid the raging spot-fixing controversy which has led to the suspension Pakistan Test captain Salman Butt and pacers Mohammad Asif and Mohammad Aamir for their alleged involvement in a betting ring exposed by a British tabloid’s sting operation.Latif said he was suspicious about the dismissal of two Australian batsmen in a Test match but the newspaper did not disclose who the players in question were.”I am not saying that both players were involved in spot-fixing, but the sequence of events was enough to create a doubt in my mind.”I want to say that a player is called a cheat only when he is caught, otherwise nobody points a finger at him, and believe me 50 per cent of the players fall in this category,” Latif said.advertisement”I was an average player, yet I was offered money for wrongdoings and I brought it into the knowledge of the ICC.”Latif said keeping internet laptops out of the dressing rooms is one way of ensuring that game remains free of corruption.”Now another point of concern for me is the presence of a laptop in the dressing rooms with internet connection, which is mostly used by a coach,” he said.”The laptop with internet connection should not be allowed in the dressing room, because players can use it for betting on their wickets.last_img read more

Colin Cowherd Goes On 6-Minute Rant Against Alabama, The SEC

first_imgColin Cowherd goes off on Alabama during The Herd.colin cowherd goes off on alabamaSunday night, FOX Sports radio host Colin Cowherd ruffled a few feathers, dropping a top four that includes both Michigan State and Ohio State, but not SEC heavyweight Alabama. Monday, he doubled down, going on a six-minute rant about the Crimson Tide’s strength of schedule.Cowherd added that the Big Ten, top to middle, is the best conference in college football. He thinks that the SEC is “living off of reputation” this season.“The SEC is living totally off reputation” – @ColinCowherd on why Alabama isn’t in his Top 4. #HerdHere https://t.co/d3sd2DmzEU— Herd w/Colin Cowherd (@TheHerd) November 30, 2015Regardless of what you think about Cowherd’s rant, one thing is certain. If Alabama beats Florida this Saturday, it’ll be part of the playoff. Whether it’ll win the whole thing – that’s up for debate.last_img read more

BC Hydro will resume Site C debris burning

first_imgFORT ST. JOHN, B.C. –  BC Hydro will be burning debris, dependent upon appropriate venting conditions, as part of their reservoir clearing work.Areas burning will be taking place at, include;The north bank of the Peace River near the Cache Creek areaAlong the transmission line corridor south of the Peace River.In the Moberly River drainageBurning is slated for today, Thursday, February 28th. BC Hydro shares the Site C project includes an 83-kilometre reservoir that will be about two-to-three times the width of the current river. This reservoir will extend west from the Site C dam site to Hudson’s Hope.Filling the reservoir is one of the last construction activities to take place, the reservoir area needs to be cleared of trees and vegetation in order to prepare for river diversion in 2020, Highway 29 realignment, and other activities.For a complete outline on the clear and burn procedure; CLICK HERElast_img read more

Former OSU football player honored with Gee award

As the 2009 football season rolls on, each player continues to learn his role on and off the field. Whether they are current athletes or former Buckeyes in the NFL, each finds a way to make an impact on the game.One Buckeye who has made a unique impression on the lives of his teammates won’t be returning to the roster this year, but his spirit and drive will be passed from those who know him to the first-year players who may only know of him.Former Buck’s receiver and 2009 graduate Tyson Gentry is being honored with the E. Gordon Gee Spirit of Ohio State Award on Friday at the annual Alumni Awards for this legacy of inspiration.“I am extremely honored for this,” Gentry said. “Knowing how respected Gee is within the university makes it even more special.”The award is considered for outstanding OSU alumni who make an effort to honor the university and its history with devotion and integrity.Previous winners of the Spirit Award include Gee, Jim Tressel, John T. Mount and the Student-Alumni Council, according to an Ohio State Buckeyes press release.“Tyson has shown exceptional perseverance and dedication in earning his college degree,” said Archie Griffin, president and CEO of Ohio State University Alumni Association. “He clearly has the ability to overcome significant obstacles in pursuit of the things that are important to him. He truly represents the best of the Buckeye spirit.”Gentry came to OSU in 2004 as a punter. In April 2006, he moved to receiver for spring practice. During one play, Gentry went up for the pass and after what would have been a routine tackle he remained motionless on the field. The tackle broke a vertebra in his neck, leaving him partially paralyzed. Though the setback was clearly not part of his plan, Gentry said the experience has allowed him to think of his life in a different perspective.“It has really helped me learn about myself and who I want to be,” he said.Despite not being able to play the game anymore, Gentry remained on the Buckeye roster until his senior season last year. His teammates made sure they honored his strength in more ways than one.Each player wore his number, 24, along with their own on their helmets. And he was always seen next to coach Jim Tressel during “Carmen Ohio.” In addition, he was honorary captain for OSU against Texas at the Fiesta Bowl in January 2009.In his book, “The Winner’s Manual: For the Game of Life,” Tressel writes about Gentry, saying “Tyson has shown us that it’s not what happens to you in life that counts. It’s how you handle it … There is no question in my mind that Tyson Gentry is a hero.”Gentry says his teammates and coaches played a vital role in getting him where he is today and any way he can motivate them in return is significant to him.While many were skeptical he would ever be able to feel anything below the neck, he has regained movement in his arm and has some feeling through all of his body, including his legs. This gives him and those close to him hope that he will one day walk again.Gentry graduated from OSU in June with a B.A. in speech and hearing sciences. He remains a part of the Buckeye community as a graduate student in speech and hearing. Though he has an ultimate goal in mind, he says he wants to focus on the present and make the best of what he can.“I am always going to be working on getting out of my chair,” Gentry said. “This experience has taught me to accept everything as it comes and I’m just going to worry about today and my short term goals and hope that everything else will follow as it is supposed to.”The 2009 Alumni Awards ceremony will take place at the Hyatt Regency Columbus on 350 N. High Street. read more

Mens Volleyball No 7 Ohio State faces harsh road schedule with No

Ohio State then-redshirt sophomore middle blocker Jamie Wolmering (12) and then-junior setter Sanil Thomas go up for the ball in the matchup between the Buckeyes and Loyola. Credit: Ris Twigg | Former Assistant Photo EditorAfter a 2-0 start to the season, the No. 7 Ohio State men’s volleyball team will attempt to earn its first ranked victories out west against No. 5 BYU and No. 11 Stanford.Ohio State began its season with nonconference home wins against Charleston and Penn State.While BYU will begin its season with the match against the Buckeyes on Thursday, that doesn’t mean there isn’t plenty of emotion between these two teams coming into this match.Though the Cougars topped the Buckeyes in a five-set match this past season in Columbus, the previous two NCAA tournament matchups between these teams ended in back-to-back titles for the Buckeyes in the 2016 and 2017 national championship matches.BYU sophomore opposite hitter Gabi Garcia Fernandez will look to build on an impressive freshman campaign, in which he was ranked No. 2 and No. 3 in points per set and aces per set, respectively, in the Mountain Pacific Sports Federation (MPSF). In order to continue its perfect start to the season, Ohio State will need to rely on redshirt sophomore opposite hitter Jake Hanes, who currently leads the country with 5.29 kills per set and 6.14 points per set.Following the Thursday match between top 10 teams, Ohio State will face Stanford (2-0) on Saturday. The Cardinal began their season with wins against Menlo and UC Santa Cruz, and they’ll be facing off against Ball State on Thursday before taking on the Buckeyes.Ohio State has won the past three meetings against Stanford. The Cardinal are coming off a season riddled with injury in which they won just six matches.Stanford brings back sophomore opposite hitter Jaylen Jasper, who carries MPSF Offensive Player of the Week honors into the match against the Buckeyes. Jasper has a .654 hitting percentage and is averaging 4.33 kills per set through the first two matches of the season. But the Cardinal aren’t the only ones with returning top talent.Senior setter Sanil Thomas led the country with 11.28 assists per set last year, and he’ll need to play every bit like last season if the Buckeyes want to reach next week unscathed.Ohio State takes on BYU at 9 p.m. on Thursday and Stanford at 10 p.m. on Saturday. read more