Liberty Mutual to stop insuring thermal coal projects

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Liberty Mutual Group Inc. will no longer accept underwriting risk for companies that derive more than 25% of their profit from the extraction or production of energy from thermal coal.Liberty Mutual announced Dec. 13 that in addition to an enhanced focus on environmental, social and governance issues, it will not make new investments in debt or equity securities of companies generating more than 25% of their revenues from thermal coal mining or utility companies that obtain more than 25% of their electricity production from thermal coal. Existing coverage and investments exceeding the threshold are to be phased out by 2023.“We understand the shift from coal to clean energy is a journey and we recognize the role the insurance industry plays in supporting that evolution for our customers,” said Francis Hyatt, Liberty Mutual’s first chief sustainability officer, whose appointment the company also announced Dec. 13.Environmental activists are leading campaigns to push the insurance and investment industry away from the coal sector. In a recent report showing the number of insurers pledging to abandon the coal sector doubled in 2019, members of the Unfriend Coal campaign said U.S. insurers were slower to adopt exclusionary coal policies than their European peers.Boston-based Liberty Mutual is among the world’s largest insurers of fossil fuel companies, according to the Insure Our Future Campaign, a movement backed by environmental activists including 350.org, Greenpeace, Rainforest Action Network and the Sierra Club. Campaigners focused on insurance companies in the U.S. specifically targeted Liberty Mutual.Liberty Mutual is the 18th global insurance company to adopt restrictive coal policies, the release added.[Taylor Kuykendall]More ($): Liberty Mutual rolls out new coal exclusions; existing ties to phase out by 2023 Liberty Mutual to stop insuring thermal coal projectslast_img read more

Khan reiterates Jol support

first_img Press Association Jol was criticised by supporters after a stuttering start to the season, but has the backing of American billionaire Khan. “He is the man for me,” Khan told Sky Sports News. Fulham owner Shahid Khan believes Monday’s win at Crystal Palace was a sign of the potential of Martin Jol’s team and has reiterated his support for the Dutchman.center_img “You have to keep in mind he is a very experienced guy and the start we have had, whether you’re Martin Jol or any Fulham supporter, you’re not happy and we can do better, and our players are a lot more talented and they proved that on Monday night. “I think, and have believed this for quite some time, that we have great players and some of those are new to Fulham and some of them have been here for a while. “It was a break-out moment and I hope this now continues.” Khan was thrilled to watch the 4-1 win at Selhurst Park, during which Steve Sidwell scored a stunning volley bettered only when team-mate Pajtim Kasami struck an outrageous one of his own. On Kasami’s volley, Khan said: “It was unbelievable and I kept looking for the replay on the video board and I had to go back in and see it on the television. “It is one of those things – did I really see what I saw?” last_img read more

Devin Clark takes a knee in support of Black Lives Matter protests during fighter introductions at UFC 250

first_imgDevin Clark was determined to make a statement at UFC 250.While he did just that by collecting his second consecutive win with a unanimous decision over Alonzo Menifield, what is resonating throughout social media is what he did before and after the fight. MORE: Jon Jones confiscates spray cans from protestersAfter the decision was announced in his favor, Clark again showed solidarity with the protests by raising a fist with his team in the Octagon.Devin Clark makes a statement with a unanimous decision win at #UFC250.And then he makes another statement in support of our brothers and sisters on the ground protesting the deaths of #BreonnaTaylor #GeorgeFloyd and #AhmaudArbery.Beautiful.#BlackLivesMatter pic.twitter.com/E7nS6ZQ54G— Andreas Hale (@AndreasHale) June 6, 2020The deaths of George, Breonna Taylor and Ahmaud Arbery sparked protests against police brutality and racism across the United States and worldwide. Those demonstrations have now reached the UFC’s Octagon, where Clark wanted to make sure that he made his position loud and clear. The 30-year-old light heavyweight from South Dakota took a knee and raised a fist during his introduction by Bruce Buffer in support of the worldwide Black Lives Matter protests that followed the death of George Floyd at the hands of former Minneapolis police officer Derek Chauvin on May 25.  UFC light heavyweight @brownbearC took a knee and raised his fist while being introduced at #UFC250 pic.twitter.com/UbsU1t67r6— ESPN MMA (@espnmma) June 6, 2020Clark and Menifield — whose father was killed by Los Angeles police — put on an entertaining brawl that saw Clark have to overcome a possible orbital fracture to outstrike his opponent en route to the victory. last_img read more