FacebookTwitterLinkedInEmailPrint分享Bloomberg:Standard Chartered Plc said it will stop financing new coal-fired power plants anywhere in the world as part of its commitment to supporting the Paris Agreement on climate change.The move follows “detailed consultation with a range of stakeholders,” according to a statement Tuesday from the London-based bank. Environmental degradation, extreme weather and rising seas are among the climate change legacies left by burning coal, it read.Standard Chartered said its existing commitments were excluded from its new policy on coal energy. It currently has 14 project financing facilities in seven markets, which fund coal-power stations. A spokesman for the bank declined to say how much money it currently held in coal projects.HSBC Holdings Plc, Société Générale SA and Deutsche Bank AG are among banks which have made similar pledges. Japanese lenders, among the biggest funders of coal projects, have also begun to shift towards more climate-friendly policies.Since 2010, Standard Chartered has loaned at least $1.8 billion to coal power, including $820 million to projects that added 10.6 gigawatts of additional coal power capacity, according to research by Market Forces, which lobbies financial firms and governments on environmental issues.Standard Chartered’s initiative marks an advance on Japanese and other lenders active in Southeast Asia, according to Julien Vincent, an executive director at Market Forces, “The fact that Standard Chartered was involved in syndicates for three coal power plants in Vietnam prior to this update makes it even more impactful,” Vincent said. “That’s three dirty coal projects, which would produce almost 700 million tonnes of CO2 per year, that will now need to look elsewhere for finance.”More: Standard Chartered to stop financing new coal power plants U.K.’s Standard Chartered to end coal plant financing
continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUNA’s political action committee on Tuesday announced its final independent expenditure of this election cycle—television advertising on behalf of Sen. Cindy Hyde-Smith (R-Miss.).The Mississippi election is unique; it is a special election for the seat that had been held by Republican Sen. Thad Cochran, who resigned for health reasons. Hyde-Smith was appointed to replace Cochran and she is now running for a term that will expire in 2021.The advertisement says that Hyde-Smith is the state’s first woman senator and highlights her position on defense spending and de-regulation. The ad is financed through an independent expenditure by CULAC, CUNA’s political action committee. Federal law prohibits any coordination with a candidate’s campaign if the contribution is an independent expenditure.Hyde-Smith, the former state Commissioner of Agriculture and Commerce, is running against three other candidates, all of whom will appear on the ballot without party affiliation. If no candidate receives 50% or more of the vote, the two frontrunners will face off in a runoff on Nov. 27.
Fortville, In. — U.S. Air Force Reserve veteran Stephen MacKenzie has announced his intention to run on the Republican ticket for the congressional seat in Indiana’s 6th District.“I’m running for Congress because we need true conservatives representing Hoosiers in Washington D.C.,” the Fortville resident said in a statement. “As your next 6th District Congressman, I will always defend the Second Amendment, support limited government and term limits, and promote fiscal responsibility. I’m a pro-life Christian with strong family values and I believe that economic growth and tax reform are keys to helping all of us live the American Dream.”The Fortville native says he is a “conservative outsider” and direct descendent of William Brewster- one of the original Mayflower pilgrims. “As a direct descendant of William Brewster, one of the original Mayflower pilgrims, and having been raised in a patriotic family, I have felt compelled to preserve and protect the freedoms that were secured by the sacrifices of our forefathers’, said MacKenzie.The field for the May primary on the Republican side includes state senator Mike Crider from Greenfield and Muncie business owner Jonathan Lamb.Reports also indicate Luke Messer for Senate statewide campaign finance chairman and brother of Vice President Mike Pence, Greg could consider a run for the seat as well. Pence the earliest he’ll make the decision is the end of September.The Democrat field includes Rising Sun attorney Lane Siekman, Greensburg attorney Jim Pruett and Muncie Matters Alliance founder Jeannine Lee-Lake.