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

5 reasons not to miss the 2018 Wegner Awards dinner

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr On December 4th, we opened up ticket sales for the 2018 National Credit Union Foundation Dinner Presenting the Herb Wegner Memorial Awards taking place on February 26, 2018 in conjunction with the CUNA GAC. Often referred to as the “Academy Awards” of the credit union movement, this annual dinner presents the highest national awards in the credit union movement. Here are the top 5 reasons why you should attend next year:This year is the 30th anniversary of the dinner. 2018 marks the 30th anniversary of celebrating influential and inspiring leaders from around the globe. For 30 years, leaders in the credit union movement have been coming together to celebrate each other and the power of the movement, and you can be a part of the milestone 30th year!We will be honoring 4 people with Outstanding Individual Achievement Awards. This year is special in that we will be honoring four individuals who have dedicated their lives to the credit union movement. You can join us as we honor Chuck Purvis, President/CEO at Coastal Credit Union; Susan Mitchell, CEO at Mitchell, Stankovic & Associates; Angel V. Castro, President of Castro y Asociados; and Bill Hampel, retired Chief Policy Officer and Economist at the Credit Union National Association (CUNA). You can learn more about each of these winners by clicking here. continue reading »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