BP: Record Drop in Global Coal Consumption in 2015

first_img FacebookTwitterLinkedInEmailPrint分享Yukako Ono for the Financial Times:Global coal consumption dropped 1.8 per cent in 2015, its largest fall on record, according to BP, as demand increasingly shifts to greener fuels. Coal was the only fuel that lost global market share in the power market although it remained the second largest with 29.2 per cent, the lowest share since 2005.The net decline in coal consumption was due to economic growth slowdowns in the US and China where production fell too, BP said.BP said in its statistical review released today that the shift is helping carbon emission reduction:Sluggish demand growth together with the shift in the energy mix away from coal meant that the growth in carbon emissions from energy consumption stalled in 2015. This encouraging development represented the slowest growth in emissions in nearly a quarter of a century (aside from immediately following the financial crisis).Carbon emissions increased by just 0.1 per cent in 2015, BP noted.Full article: Global coal demand saw record fall last year — BP BP: Record Drop in Global Coal Consumption in 2015last_img read more

Seeking an earning assets generator?

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Tony Repanich As president and chief operating officer of Shield Compliance, Tony Repanich leads day-to-day operations and serves as its principal product architect. Having served as a senior executive at a Washington … Web: https://www.shieldbanking.com Details This is placeholder text If there was a clear winner in this month’s election, it was cannabis. With strong majority support for ballot initiatives legalizing recreational cannabis in Arizona, Montana, New Jersey, and South Dakota, 15 states will now have adult-use programs. Mississippi and South Dakota also passed medical legalization measures bringing the number of states with some form of legal marijuana to 35.The prospect of federal legalization, or federal recognition of state-level programs, however, is still unclear. A divided Congress could mean that the passage of bills that would help normalize the banking environment for cannabis, most notably the SAFE Banking Act, is unlikely in the near term, even under a Biden Administration.Yet, the cannabis industry continues to experience exponential growth. The five new legal states are projected to add nine billion dollars in revenue between 2022 and 2025, according to  New Frontier Data, making the U.S. legal cannabis market worth $33 billion in the next five years.The coronavirus pandemic is also fueling interest in this industry. As month-over-month sales figures show, the industry appears to be largely recession- and pandemic-proof. As a result, many state and local governments see cannabis programs as a way to raise new tax revenue.Similarly, many credit unions are turning to cannabis banking as a new growth source during a down economy. While most initially entered the market to increase low-cost deposits and non-interest fee income, lending appears to be the next big opportunity to generate earning assets and gain a competitive advantage.Although lending to cannabis businesses can be tricky considering there is no universal standard on collateral for this industry, many bankers are finding that compliance processes implemented on the deposit side that enable them to pass exams and onboard new members can be leveraged to mitigate credit risk with little additional work. This is because they have a crucial advantage: a deep insight into the companies they serve.The added layer of transparency and data-sharing required to bank this industry enables credit unions to apply judgmental decision making to evaluate lending requests and make informed decisions that support the member’s business goals while protecting the financial interests of the credit union.Deirdra O’Gorman, CEO of DX Consulting and Empyreal Logistics, is an expert on banking and compliance for highly regulated industries. She works with banks and credit unions across the country and offers her perspective on the lending opportunity.How much interest is there in lending to cannabis companies?We are seeing an increase in requests to assist banks and credit unions build out their commercial lending programs to offer credit to cannabis companies. Most of these requests come from institutions with a seasoned cannabis banking program and are ready to deepen the account relationship. Many of these financial institutions are already doing some consumer lending, such as loans to employees or owners. We recommend financial institutions work on consumer and commercial cannabis lending programs in parallel to ensure policies and procedures work together to deliver a better experience and greater program efficacy.What types of lending are credit unions offering?Most financial institutions are starting their programs with real estate lending. Equipment financing is of interest but less common. Another newer concept in cannabis lending is factoring. Third parties are entering the cannabis space with accounts receivable/factoring lending programs, but most of them are not affiliated with a financial institution.How should credit unions deal with the issue of collateral?Most states do not allow financial institutions to take the plant or plant-derived product as collateral, even in default scenarios. As a result, some credit unions price for risk and treat these loans as unsecured, whereas others take on additional collateral or co-signers to mitigate exposure. A best practice is to review each loan on its own merits and work with your internal team, consultant, and legal counsel before embarking on your first cannabis loan.What is motivating credit unions to add lending to their cannabis programs?In our experience, most credit unions look at lending as a natural progression of their cannabis banking programs. Once they get a comfort-level with their members, they want to help them expand their businesses. Also, with cannabis banking comes new deposits. Therefore, many credit unions are providing lending as a means of balance sheet management.As the cannabis industry continues its rapid growth trajectory, the demand for banking services is also rising. While in years past, only two or three banks or credit unions would have launched a program in a newly minted legal state, we are now seeing that number double or triple. This means a first-mover advantage may no longer be an option in some markets. If you are considering developing a cannabis banking program, we recommend engaging early on with experts to create a compliance and operational model that works for your credit union and the industry.center_img This post is currently collecting data…last_img read more

Continuation of measures to preserve jobs

first_imgThe total cost of the measures is between 300 and 350 million kuna The government continues with measures to preserve jobs by providing financial support to employers to reduce working hours, support to micro-entrepreneurs, increasing support in accordance with the fall in turnover, so that it can amount to HRK 4000, and expanding the number of activities covered. The new measures will cost a total of 300 to 350 million kuna and will be applied by the end of the year.  “According to our calculations, the total cost of all these measures together should be between 300 and 350 million kuna. The basic goal is to preserve jobs for those employers whose work has temporarily reduced the scope of work due to the pandemic.”, Said the Prime Minister and added that the addition of this measure will soon exceed the amount of 7 billion kuna of direct support to workers and employers in the private sector to preserve jobs.center_img The Prime Minister Andrej Plenković and the Minister of Labor, Pensions, Family and Social Policy Josip Aladrović presented today at a press conference in Banski dvori the continuation of measures to preserve jobs due to the crisis caused by the coronavirus pandemic.  According to the Croatian Employment Service, almost HRK 7 billion, or HRK 6,85 billion, has been paid so far for various measures to preserve jobs. When the written-off contributions are added to that, that figure amounts to more than 10 billion kuna, point out the Government of the Republic of Croatia.Increasing the possibility of shortening working hours and increasing support in line with the decline in trafficThe first measure concerns the shortening of working hours. So far, it has referred to the reduction of working hours by 50 percent, and now it is being reduced to 70 percent.It is getting smaller and the necessary documentation that different entities must submit in order to simplify this measure in their implementation, and the maximum monthly support per worker increases from the current 2.000 to 2.800 kuna. This measure has so far been used by 606 employers for more than 30.000 workers.According to this measure, he stated as an example, someone can work for a day and a half, and the other three and a half days will be compensated by the state in the amount of up to 2.800 kunas, and they will also be exempted from paying contributions to that amount.The second measure, which is the most important, and started in March with 3.250 kuna, continued in April and May with the payment of 4.000 kuna, later in June extended for certain sectors and continued to this day for those sectors that were most vulnerable, has been redesigned to suit current needs.”We are introducing an increase in support in line with the drop in turnover. For example, a grant of 2.000 kuna per worker for a drop in turnover of at least 40 percent. Then there is 2.500 kuna for a drop in turnover of 45-50 percent, for a drop of 50-55 percent goes 3.000, for 55-60 3500, and 4.000 kuna per worker goes for a drop in turnover of 60 percent and more”, Explained Prime Minister Plenković and added that the beneficiaries are supported exempt from paying contributions to all these amounts.The drop in traffic from now on will be compared by quarters It is especially important to point out that the measure has been adjusted in a way that will enable it greater coverage of subjects, which means that the drop in traffic will not happen again measured on a monthly basis, for example October 2020 compared to October 2019, but will compare the decline in turnover in the second and third quarters of 2020 with the turnover in the second and third quarters of 2019.”In this way, we provide a more realistic picture of the decline in turnover in certain industries and in individual entities”, Said the Prime Minister.He added that an exception is left for sectors whose work, for example, is limited by a decision of the Civil Protection Headquarters, such as services from food and beverage activities.”We leave them a choice, we give them the opportunity to see what is more convenient for them, whether it is month by month or the second and third quarters with the second and third quarters”, he pointed out.Expanding the range of activities involved in obtaining supportIn addition to the sectors of transport, catering, hotels, organization of various events, the sectors of crop and livestock production, fishing and related activities and services related to passenger and water transport are added, which includes occasional transport.At the same time, users so far aid for micro-entrepreneurs, ie those who have less than ten employees, ie from one to nine employees, are entitled to this support regardless of the sector of activity and more than 2.000 kuna per worker.This simplifies implementation and merges the two measures into one – one for micro-entrepreneurs with measures to preserve jobs. The measure, the prime minister added, will apply from October 1st until the end of this year.last_img read more

Crystal Palace to demand £80m for Arsenal transfer target Wilfried Zaha

first_imgAdvertisement Comment Crystal Palace will hold out for £80m for Zaha (Picture: Getty)An £80m asking price is likely to deter both Arsenal and Tottenham, with Emery having just £45m to spend this summer.Emery is considering offloading a number of players, including Mesut Ozil, in a bid to raise further funds.Zaha is under contract with the Eagles until 2023 and scored ten goals in 34 Premier League appearanceslast season, providing another ten assists in those games.MORE: Arsenal in competition with Barcelona over the signature of AS Nancy teenager Bilel Hassaini Crystal Palace to demand £80m for Arsenal transfer target Wilfried Zaha Coral BarryTuesday 25 Jun 2019 1:23 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link589Sharescenter_img Arsenal and Spurs are interested in Zaha (Picture: Getty)Crystal Palace will demand £80million for Wilfried Zaha, according to reports.Zaha has made it clear that he wants to leave Palace, but Aaron Wan-Bissaka’s impending exit is set to complicate matters for the attacker.Palace do not want to sell Wan-Bissaka and Zaha in the same window and Manchester United are closing in on a £60m deal for the right-back.The Evening Standard claim Zaha may be forced to stay at the club amid interest from Arsenal and Tottenham.ADVERTISEMENT Advertisement Zaha was Palace’s stand-out creative force last season (Picture: Getty)Unai Emery has requested further cash from the Arsenal board to fund a big-money move for Zaha.Zaha is currently at the Africa Cup of Nations with the Ivory Coast and will delay a decision on his future until after the tournament.AdvertisementAdvertisementBut the 26-year-old could now return to a club reluctant to grant his transfer request.last_img read more

Rams’ Clay Matthews says he needs to prove himself to new team, new fans

first_img Sean McVay says Rams’ Super Bowl loss on his mind ‘every minute’ The veteran linebacker is entering his 11th season after he spent the past decade with the Packers. He agreed to a two-year deal with Los Angeles, worth as much as $16.75 million as a free agent this offseason.Matthews’ efficiency decreased last year after recording a career-low 3 1/2 sacks along with 43 total tackles in 16 games for Green Bay.However, he enters the upcoming season with a new mindset on a team he was looking forward to joining.”(It) definitely feels like this is the way (my career) should continue,” Matthews said. “When it was known that things weren’t going to work out in Green Bay, I told my agent that one of the teams I wanted to look at was the Rams. Fortunately, we were able to make it happen.”The Rams seem just as excited to have Matthews as they continue to add to their already strong defensive unit.Los Angeles is hoping for another successful season after making it all the way to the Super Bowl in Sean McVay’s second year as head coach.”Anybody that’s played as much as he has and had that amount of success — being in a big-time organization and being a world champion — that’s always someone you can learn from,” McVay said. “He’s a guy that, whether it’s with myself or with his teammates, he’s come in and he’s worked the right way.” Rams extend coach Sean McVay, GM Les Snead through 2023 season “One of the things you don’t really understand (until it happens) is that when you go to a new team, you have to prove yourself all over again,” Matthews said Monday, via NFL.com. “That’s the spirit of football — the competition.”So to come out here with a new coaching staff and new players and media and fans, you have to prove yourself.” Related News Clay Matthews is fitting into his role with the Rams, and the six-time Pro Bowl player isn’t taking it lightly.Matthews, who grew up just north of Los Angeles, is excited to play in California again after spending four years at USC. But he knows he’ll still have to prove himself to his new team and the fans despite his accomplished resume. Eric Weddle: Rams’ cornerbacks are ‘best I’ve ever played with’ McVay has already started to keep an eye on Matthews’ playing time as he sat out of practice to start the week. Aaron Donald, Michael Brockers, Aqib Talib, Eric Weddle and Andrew Whitworth also rested in an effort to bank energy for a long playoff run. “When you see these guys (at practice) that have worked and produced at such a high level, you see why they’ve been able to do it,” McVay said. “That’s the same with Clay. He’s done a great job so far and we’re counting on big things from Clay Matthews.”last_img read more

Caldwell Democrat Michelle Schiltz files for District 80 house seat

first_imgSumner Newscow report — Michelle Schiltz of Caldwell traveled to Topeka today to file her official candidacy with the State of Kansas for District 80 in the House of Representatives. Schiltz is a Democrat seeking election to the seat currently held by Republican Kasha Kelley. To date, Kelley has not filed for re-election.Michelle SchiltzSchiltz is a small business owner and well-known community leader. For 10 years she served on Caldwell’s City Commission and is currently the Caldwell Chamber of Commerce President. She is also active in the Caldwell Historical Society and the Saving Hometown and Rural Existence Group founded in Caldwell.Schiltz lives in Caldwell with her husband, Leo, and their son, daughter-in-law, and two grandchildren. “Kansas is faced with serious problems concerning our economic sustainability and the viability of our local hospitals,” said Schiltz. “I’m running because I can bring leadership and accountability to Topeka and end the Brownback tax experiment that has brought Kansas, especially our rural communities, to the brink of financial collapse. It’s time for change.”Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (9) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +3 Vote up Vote down Suzie Yunker · 220 weeks ago Hip Hip Hurray!!!! Michelle will not shirk her DUTY to represent District 80..Let’s vote her in.. Report Reply 0 replies · active 220 weeks ago +3 Vote up Vote down Jessica Yunker · 220 weeks ago Way to go Michelle! You will be a great representative for our district and I can’t wait to see the wonderful things you accomplish! Report Reply 0 replies · active 220 weeks ago +2 Vote up Vote down Caldwell Fan · 220 weeks ago Thank goodness and wishing you the best of luck! Report Reply 0 replies · active 220 weeks ago +2 Vote up Vote down Lisa Moreland · 220 weeks ago Awesome!!! Lisa and Matt Moreland Report Reply 0 replies · active 220 weeks ago +5 Vote up Vote down Jeff McGuire · 219 weeks ago She’s from old money. The Schlitz brewery was very successful for a long time. Report Reply 0 replies · active 219 weeks ago +4 Vote up Vote down Jennifer Pieratt · 219 weeks ago Good for you to step up Michelle, and great for Kansas Report Reply 0 replies · active 219 weeks ago +3 Vote up Vote down LKS · 219 weeks ago Tracy, could you correct her name? It is Schiltz not Schlitz… she is not an heir to the beer empire though I bet she wishes she were. Whether she’s from “old money” or not she’s a fresh face who is in touch with her community and how they would like to be represented. Go Michelle! Report Reply 2 replies · active 219 weeks ago +5 Vote up Vote down CueballSumnernewscow 94p · 219 weeks ago My apologies. We here at Sumner Newscow have a motto. “We guarantee 100 percent accuracy unless we are mistaken.” Report Reply +3 Vote up Vote down Jeff McGuire · 219 weeks ago It seems like there was an article in the Wall Street Journal a few years back about her changing the spelling of her name to remain anonomous and avoid the hordes of people wanting her to donate to various charities. Alot of people don’t know it but she funnels millions to charities in complete anonymity. She is a very generous person. Report Reply Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

International field targets the McGregor Trophy

first_img Dominic Clemons, 15, won the 2016 Scottish U14 boys’ title and was third in the 2017 Midland U16 boys’ championship. He was also in England’s successful team against Spain.  Ben Pierleoni, 15, won all six of his games when England played Wales, the Netherlands and Ireland in an U16 quadrangular. He was 10th in the Midland U16 championship. Team One is Conor Gough, pictured, (Stoke Park), Charlie Hilton (Ifield) and Robin Williams (Peterborough Milton). Team Two is Tom Gregory (Stoke Park), Dominic Clemons (Hanbury Manor) and Ben Pierleoni (Berkhamsted).  The McGregor Trophy is a 72-hole stroke play championship, played over three days. The full field plays 18 holes on each of the first two days. After 36 holes, the leading 40 competitors and ties qualify to play the final 36 holes on the third day. 12 Jul 2017 International field targets the McGregor Trophy They will be joined by players from 16 other countries, including all the home countries, many European nations and from as far afield as the USA and South Korea.  Burnham & Berrow has a great record as a championship venue, having hosted such events as the British women’s amateur, the British boys’, the Brabazon Trophy, the Tillman Trophy and English Championships.  Tom Gregory, 14, also helped England U16s beat Spain. He was fourth in the Midland U16 boys’ championship and 11th in the Fairhaven Trophies.  Robin Williams, 15, is representing England in this week’s European boys’ team championship. He was fifth in the Peter McEvoy Trophy and was impressive in South African men’s events earlier this season.center_img Conor Gough, 14, won the 2016 English U14 Reid Trophy and this year tied third at the Fairhaven Trophies and was 12th at the Peter McEvoy Trophy; both U18 events. (Image copyright Stills Photography). The Nations Cup players:  Other U16 internationals in the field include Jake Craddock (Sleaford), Enrique Dimayuga (Cuddington), Matthew Freeman (Notts.), George Leigh (Trevose) and Callum Macfie (Lindrick).  An international field will head to Burnham & Berrow Golf Club in Somerset next week in search of one of golf’s most prestigious titles for under-16s.  The McGregor Trophy, or the English U16 boys’ open amateur championship, will see top class young players compete over the challenging links course from 18-20 July.  The English entry of almost 80 players includes a host of U16 internationals, six of whom have been selected for the two teams to defend the Nations Cup.  Charlie Hilton, 16, won the Midland U16 boys’ championship and was in England’s winning team for the U16 international against Spain. Click here for the championship webpagelast_img read more

Harlequin’s Sixties Chicks Too Held Over Thru July 25

first_imgFacebook30Tweet0Pin0Submitted by Harlequin Productions Sixties Chicks Too, Harlequin Productions’ highly successful summer musical, has been extended for an additional week and will now close on July 25. Harlequin’s original musical celebration of the 1960’s greatest female singers and songwriters has attracted thousands of patrons to the State Theater in downtown Olympia.“We extend our summer musicals for additional weeks if the demand is there,” said Harlequin Artistic Director and Director of the show, Linda Whitney. “In this case the demand has been overwhelming, and that’s a great problem to have!”The show, which was originally scheduled to finish its performance run on July 19, features songs by such artists as Aretha Franklin, Tina Turner, Janis Joplin, The Supremes, Joni Mitchell, Joan Baez, and more.WHO:             Harlequin ProductionsWHAT:           Sixties Chicks Too, a Harlequin original musical celebrationWHEN:           June 18-July 25, 2015; Thursdays-Saturdays at 8:00pm, Sunday matinees at 2:00pmWHERE:         The Historic State Theater – 202 4th Avenue East, Downtown Olympia 98501PRICE:            General: $39, Senior/Military: $35, Student/Youth: $2DEALS:           Rush tickets available at Box Office ½ hour before curtainTICKETS:       Tickets and info available at harlequinproductions.org, or by calling 360/786-0151RATING:        Bring the family!Harlequin Productions is a professional not-for-profit theater company in Olympia, WA, dedicated to the creation of stimulating and enriching theatrical experiences by producing an eclectic season of new works, “buried treasures,” and unconventional treatments of classics. Through a dynamic selection of extraordinary material, we explore the human adventure in search of theatrical magic that stretches the mind, nourishes the soul, and inspires human empathy.last_img read more