Switzerland’s UBS says it no longer will finance new coal-fired plants

first_imgSwitzerland’s UBS says it no longer will finance new coal-fired plants FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):UBS Group AG said it will no longer provide project-level finance to new coal-fired power plants around the world, as it outlined tighter rules on funding such transactions.Switzerland-based UBS noted it will only finance existing coal-fired operators — defined as being more than 30% reliant on coal — that have a transition strategy that supports the Paris climate agreement, or transactions that are related to renewable energy.The bank also intends to source 100% of its electricity from renewable sources by 2020.UBS said its carbon-related assets amounted to $2.7 billion in 2018, down from $6.6 billion a year before. Climate-related sustainable investments totaled $87.5 billion, up from $74 billion in 2017.Additionally, UBS disclosed that its total sustainable investment assets and core sustainable investment assets stood at $1.11 trillion and $313 billion, as of Dec. 31, 2018, respectively, representing 35.8% and 10.1% of the banking group’s total invested assets.More ($): UBS further tightens rules on coal financinglast_img read more

Brain damage from strokes is repairable, say researchers

first_imgIt might be possible to reverse permanent brain damage induced by stroke, a USC-led study published on Monday has found.Funded by the National Institute of Neurological Disorders and Stroke, the study was carried out by the Zilkha Neurogenetic Institute at the Keck School of Medicine. It was released in Nature Medicine, a medical journal specializing in “basic findings that have clear implications for disease pathogenesis and therapy to the earliest phases of human investigation,” according to the journal’s website.“This USC-led animal study could pave the way for a potential breakthrough in how we treat people who have experienced a stroke,” said Jim Koenig, a program director at the NINDS. “If the therapy works in humans, it could markedly accelerate the recovery of these patients.”An estimated 800,000 people have a stroke every year, according to the Center for Disease Control. Seventy percent of those affected experience some degree of neurological damage such as paralysis or deterioration of muscular tissue. The study identified a protein that stimulates damaged neural stem cells to become functional again. Senior author of the study, Berislav Zlokovic, along with the rest of the research team, identified the protein as “3K3A-APC, a variant of the human protein ‘activated protein C,’” according to a USC News press release.Zlokovic is the founder of ZZ Biotech, a company founded in 2006 to develop innovative treatments for neurological diseases.“We showed that 3K3A-APC helps the grafted stem cells convert into neurons and make structural and functional connections with the host’s nervous system,” Zlokovic said in an interview with USC News. “No one in the stroke field has ever shown this, so I believe this is going to be the gold standard for future studies.”Zlokovic and his fellow researchers aim to start with the second phase of experimentation. They will be testing whether their findings, which were studied using mice, will be successful in human trials. Should they succeed, they plan to expand the uses of the treatment beyond strokes to other neurological diseases.last_img read more

Chicago man gets 15 year prison sentence for stealing lawn mower from Mason City store

first_imgMASON CITY — It’s 15 years in prison for a Chicago man accused of stealing a lawn mower from a Mason City store. 45-year-old Calvin Lacey pleaded guilty to second-degree theft as a habitual offender. Lacey and Charles Ross of Des Moines were accused of stealing a lawn mower from Mills Fleet Farm in September 2018. Charges of possession of a theft detection removal device and possession of methamphetamine were dismissed as part of Lacey’s guilty plea. District Judge Karen Salic sentenced Lacey on Monday to 15 years in prison, with the sentence to be served at the same time as a 52-month federal prison term on an unrelated case of being a felon in possession of a firearm. Ross previously pleaded guilty in the lawn mower theft case to second-degree theft, possession of a theft detection device and possession of meth. He was sentenced to seven years in prison.last_img read more