Australia’s Westpac Banking to stop thermal coal financing by 2030

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:Financing a thermal coal project in Australia just got a little bit harder after Westpac Banking Corp. said it would exit the sector by 2030, leaving Australia and New Zealand Banking Group Ltd. as the last of the country’s big four yet to commit to dropping the most polluting fuel.Australia is the world’s second-biggest thermal coal exporter, generating A$26 billion ($16.6 billion) in export revenue in the year to end-June 2019, but it has become increasingly difficult to bring new resources on stream as financial institutions across the globe bow to pressure from shareholders and climate groups to avoid coal investments.Westpac has already reduced its total coal exposure to A$700 million and said in its climate action plan on Monday that it would not establish relationships with any new thermal customers. The bank would continue to finance metallurgical coal, while backing initiatives that reduce the steel industry’s dependence on the fuel.“We continue to evolve our sustainable finance approach, recognizing the role financial institutions can play in facilitating the transition to a low carbon economy,” Westpac said in the report. It has also set a target of A$3.5 billion in new lending to climate change solutions over the next three years.Commonwealth Bank of Australia and National Australia Bank Ltd. plan to be out of thermal coal by 2030 and 2035 respectively, while ANZ has said that it expects its involvement to decline, but has not set an official exit date. Japanese banks, among the world’s biggest lenders to coal power developers, are also starting to pare back their exposure, albeit at a slower pace, leaving the industry to turn elsewhere in search of funding.[James Thornhill]More: Coal loses backing from another big bank Australia’s Westpac Banking to stop thermal coal financing by 2030last_img read more

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Residents relocate after feeling ‘under attack’ in their own homes

first_img Darius Boyd lists first home ever bought Regional director at REIQ Damien Keyes said crime is a well-known occurrence in Townsville, and is on the minds of buyers. “I think unfortunately crime in Townsville is that wide spread now that there’s not any one suburb where it’s particularly more isolated than another,” Mr Keyes said.“It is something that definitely does come up with buyers, but it doesn’t seem to stop them buying — they will gravitate to areas that accommodate their strongest needs (school, work etc.). “They also have budget limitations.” Inspector Sean Dugger said he could not pinpoint any specific Townsville suburbs where crime is more prevalent but said local police have a range of tactics in place to combat crime. “We are intelligence driven, so we have adopted a number of strategies to address property crime in conjunction with other government agencies — that can be everything from high visibility patrolling to allocation of resources in certain areas,” Mr Dugger said.“We also do a fair bit of work in the preventive space, and have a number of other strategies with the view of disrupting crime.” Interest rate to drop below 1 percent, Big Four bank predicts Stephen Lane in 2017 after he was assaulted in his Rosslea driveway. Picture: Zak SimmondsChrisy Crow who has recently bought a property in Aitkenvale and was broken into just over three weeks ago at her temporary residence in the same suburb, said she and her husband are no longer planning on living in the Aitkenvale after the incident. “This has made us think twice about where we’ve purchased a property — In talking to the police, they said the whole suburb of Aitkenvale was hit that same night and they were just snowed under with reports,” Ms Crow said. “We got the house for a very good price so we’re not too put out … but it has definitely made us not want to stay here — we’re going to renovate it, rent it out and we’ll move somewhere safer like North Ward.”More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Head of economics at James Cook University, Dr Riccardo Welters said research in parts of the country has shown property values are affected in areas where there are high crime rates against people. “looking at research that has been done in Sydney and Victoria, it’s found that crime against property does not affect property values but crime against the person does,” Mr Welters said.MORE NEWS: Crunch time for election property promises for first home buyerscenter_img Stephen Lane says he is happier living in Douglas since relocating from Rosslea after being a victim of multiple criminal attacks. Photo: Alix SweeneyCrime is currently a hot-topic on the minds of many residents in Townsville, and in some areas they are being forced to relocate to avoid it.Douglas resident Stephen Lane who moved from the suburb of Rosslea after being a victim of multiple criminal incidents including a brutal bashing in 2017, has told of feeling forced-out of the suburb. Mr Lane said the assault was the final straw, and that he still suffers with PTSD from the attacks. “I’ve taken a fair financial hit moving to this area but I had to do it for my mental wellbeing, I couldn’t handle being in a suburb where we were just under attack the whole time,” Mr Lane said.While the move to Douglas has made him feel safer, Mr Lane said he still witnesses crime almost everyday and is planning to move from Townsville completely because of it. “I plan to finish my degree and leave Townsville with absolute certainty — the crime levels here are just so high.”“I’ve been no different to a lot of resident’s, it’s very much in your face these days.” MORE IN REAL ESTATE NEWSlast_img read more

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Biggest Moments of Democrat Debate in Detroit

first_imgAuthor and activist Marianne Williamson is the number one Googled candidate at the Democratic presidential candidate debate Tuesday night.She took the debate stage in Detroit along with nine other hopefuls. Williamson, who mounted an unsuccessful congressional bid in California five years ago, led searches in 49 of 50 states.Governor Steve Bullock was number one in his home state of Montana.Democratic presidential candidates addressed immigration in America.Speaking at the second Democratic Debate in Detroit, former Texas Congressman Beto O’Rourke said he would reserve the right to prosecute those who illegally cross the border.Massachusetts Senator Elizabeth Warren said needs border security border security but shouldn’t criminalize families wishing to start a new life in America. Vermont Senator Bernie Sanders said “a mother and child walking a dangerous path” to cross the border are not criminals.last_img read more

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Overtime 5-29-13

first_imgFollow @NewPghCourier on Twitter  https://twitter.com/NewPghCourierLike us at https://www.facebook.com/pages/New-Pittsburgh-Courier/143866755628836?ref=hlDownload our mobile app at http://www.appshopper.com/news/new-pittsburgh-courier :10 I wanted to let some time go by so ya wouldn’t think I was trying to be self serving.  As you all know, I am very humble, quiet, shy and not one to speak about myself.  Myself …Neal…Neal…Neal!  What? Stop lying to the people man. They know you better than that.  Now just get on with it will you!  OK, OK. Anyway, what I wanted to tell you was that a few weeks ago I was privileged to be honored by emcee Larry Richert and KDKA-TV at the first Home Town Heroes Awards. After several hundred local outstanding public servants were nominated, I was fortunate enough to be one of the five honorees recognized for outstanding public service. That said, I want to take this opportunity to thank Larry and KDKA for the tremendous banquet and event they hosted that, by the way, featured the living legend Bruno Sammartino as the guest speaker.  But more importantly, I want to encourage all our readers to recognize and nominate someone you think deserves to be honored for what they do to help make Pittsburgh some place special. KDKA is now accepting nominations for Home Town Heroes II.  Just call KDKA radio or go on-line for more information.  Do it…do it now…or Bruno will body slam ya!!!:09 Hey Rutgers University, maybe next you want to hire a former KKK member to oversee your minority affairs programs or you could get that nut from Cleveland to run your women’s sports program…or…hold up…wait a minute…you could bring Coach Mike Rice back and let him run sensitivity sessions for ya on campus after church.  Look, you mean to tell me you hired Julie Herman to be your new athletic director…a woman that told her volleyball team 16 years ago they were a bunch of worthless talentless whores who better not get pregnant on her watch or burn in hell. C’mon man!! (Where do I get this stuff?):08 Reggie Bush playing for the Detroit Lions.  Why?:07 This is a test to see if Rita really does read my column every week like she says. If so…Rita call me and tell me you saw this.:06 Is it me or do “Spock” from Star Trek and “Moe” from the Three Stooges look just alike? And have you seen them both in the same place at the same time?  I’m just saying!:05 Everett Golson, the freshman sensation quarterback at Notre Dame who was in line for Heisman nomination just got kicked off the team for academic cheating. Well then, how did he get in Notre Dame to begin with?  That’s two “I am just sayings” for ya.:04 Just look it up. Don’t take my word for it. I said the Spurs would win the West and would upset the Heat, and that you water head boys you can take it to the bank!:03 Tim Duncan…probably the greatest power forward in NBA history and clearly the most underrated.:02 I know I owe you that top ten list from dude “on vacation,” but I can’t find the damn thing, but I will I promise. I don’t want dude not on vacation anymore to come looking for me…you know what I’m sayin!?!?:01 Movie Review Time.  This is easy.  Fast and Furious is…well, fast and furious.  See it now. I give it 4    :00 DOUBLE OVERTIME•The next and best Harlem Nights Old School Par-tay is coming Friday, May 31—3  Lakes Golf Course—8-1 p.m.—the line dance master Roland Ford will be there—music by the legend Sly Jock—free parking—cash bar—cash kitchen till 11 p.m.—50/50—best dressed man and woman—cash prize—the Corvette Club and their cars will be out on display and yes, it’s dress to impress. This is the big one to kick off the unofficial start of summer—we need ya’ll on this one.  It raises money for the 38th Annual Connie Hawkins Youth Development Summer Basketball League. Starting June 15 at the Penn Hills YMCA—come out and meet former world heavyweight kickboxing champion Jacquet Bazemore and WISH light heavyweight champion Rayco “War” Saunders Weil as he gets ready for his title fight.~ GAME  OVER ~ BILL NEALlast_img read more

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