Groups Seek Federal Inquiry Into Utah-Oakland Coal-Export Subsidy

first_img FacebookTwitterLinkedInEmailPrint分享From KSL News (Salt Lake City):Environmental groups and other organizations sent a letter Monday asking U.S. Attorney General Loretta Lynch and other high-ranking federal officials to investigate a $53 million investment in a proposed coal shipping terminal in Oakland, California.The letter was written on behalf of the Center for Biological Diversity, Living Rivers and Colorado Riverkeeper, Institute for Energy Economics and Financial Analysis, Earthjustice, Alliance for a Better Utah, HEAL Utah, Sierra Club and Grand Canyon Trust. A joint statement released by the organizations Monday says the 19-page letter brings attention to “potential legal and ethical violations” of the investment.“The contents of this letter require an external review by several oversight bodies. … The economic, fiscal, financial, environmental, governance, ethical and political red flags raised by the state of Utah’s actions are too numerous to ignore,” Tom Sanzillo, an executive with the Institute for Energy Economics and Financial Analysis, a research organization in favor of reducing coal dependence, said in a statement.The investment, passed by the Utah Legislature earlier this year, is slated to grant Carbon, Emery, Sanpete and Sevier counties 49 percent access in the as-yet unbuilt coal terminal. Proponents of the measure say it will help increase short-term coal exports to developing countries, a much-needed boon for the struggling industry.The investment is set to be facilitated by a three-way money transfer involving the state’s specially designated community impact fund, which according to its website “provides loans or grants to state agencies and subdivisions of the state that are socially or economically impacted by mineral resource development on federal lands.” The first stage of the transfer is to begin July 1.Keith Heaton, chairman of the fund’s board, has said the swapping of funds for the project is not considered unusual compared with other projects statewide, particularly transportation projects.However, opponents are also criticizing the community impact fund board, in addition to the state Legislature, and calling for an audit of the deal. Among other accusations, the letter issued Monday says the investment is tied to heavy political conflict of interest, was designed as a brazen a way around environmental and other regulations of the federal Mineral Leasing Act, and is environmentally harmful to residents close to the proposed terminal.John Weisheit, co-founder of the environmental group Living Rivers and Colorado Riverkeeper, said in a statement that the Community Impact Fund Board is complicit in an unscrupulous deal.“The Utah state Legislature and the community impact board are laundering public money through the state transportation fund to provide financial assistance to energy corporations, and not to communities where it truly belongs,” Weisheit said.The letter was also addressed to Mary Kendall, deputy inspector general for the U.S. Department of the Interior, and Gregory Gould, director of the federal Office of Natural Resources Revenue. The letter also indicated copies were distributed to Gov. Gary Herbert and John Huber, U.S. district attorney for Utah.Groups write US Attorney General asking for investigation of coal shipping terminal deal Groups Seek Federal Inquiry Into Utah-Oakland Coal-Export Subsidylast_img read more

UK roundup: Cardano completes NOW: Pensions acquisition

first_imgThe acquisition was originally announced in February.NOW: Pensions was launched in 2011 by Danish pension fund ATP. It has faced a number of issues over the course of its growth to become one of the UK’s largest auto-enrolment providers.A change of administration provider in 2014-15 led to problems processing and investing contributions. The provider removed itself from TPR’s list of approved master trusts in 2017 and was fined £70,000 by TPR in 2018 in connection with the problems.The provider has also been criticised by rivals for its charging structure, with some arguing that it is possible for smaller pots to be eroded down to zero over time.TPR this morning announced the master trust authorisation of two further schemes. With BCF Pension Trust and the Carey Workplace Pension Trust, the total number of master trusts authorised stands at 33. NOW: Pensions is the pension provider for IPE International Publishers.LGPS pool on-boards ESG analytics tool Brunel Pension Partnership, an asset pool of 10 local authority pension funds, has appointed an environmental, social and corporate governance (ESG) data provider to help it evaluate ESG and reputational risks across its asset managers and their public equity and bond holdings.It has been working with San Francisco-based Truvalue Labs, which has a tool that applies artificial intelligence to scour large volumes of unstructured data for insights into companies’ ESG performance. In a statement, Faith Ward, chief responsible investment officer at the £30bn asset pool, said Brunel liked that Truvalue Labs’ data was not dependent on what companies published about themselves. Cardano has completed the acquisition of defined contribution (DC) pension provider NOW: Pensions from Denmark’s ATP.The transaction, which was completed yesterday, was in part dependent on NOW: Pensions being authorised as an auto-enrolment workplace pension provider. The Pensions Regulator (TPR) announced the £1.3bn (€1.5bn) provider’s master trust authorisation last week.Cardano said that following completion of the acquisition, it now managed more than £25bn of assets and employed 350 people across the UK and the Netherlands.Michaël De Lathauwer, CEO of Cardano, said: “With master trust authorisation now secured, our combined business offers new and existing clients a unique offering of pensions risk management, investment skills, and a bespoke DC platform, which in combination, creates a new force across the UK pensions landscape.” Clifton suspension bridge in Bristol, where Brunel Pension Partnership is based“We evaluated a number of providers on the market and concluded that Truvalue Labs had the tool we wanted as a primary source, both for communicating with managers and for evaluating the risks in our portfolios,” she added.According to a case study document, other factors that prompted Brunel to hire the firm included that it used the Sustainability Accounting Standards Board materiality framework, and the currency of the data.“We like the fact that the information is quite current and fresh,” said Helen Price, assistant investment officer at Brunel. “It’s picking up news stories, which leads to forward-looking outlooks for companies.”Ward noted that the pool had used the tool quite extensively in a live fashion in meetings with asset managers, looking up company information “on the fly” when a manager looks to make a case for a particular company.last_img read more

Tennis round robin Sept. 20 to benefit At Home Downeast

first_imgBLUE HILL — A tennis round robin to benefit At Home Downeast will be held Saturday, Sept. 20, beginning at 8 a.m. at the Blue Hill Country Club with the following day as a rain date. Latest posts by Hugh Bowden (see all) Like he did in the ’60s, Noel Paul Stookey sings out in troubling times – December 27, 2017 At Home Downeast is a program of the Washington Hancock Community Agency that provides support services to allow aging community members in nine towns from Stonington to Surry to remain in their homes as long as possible.The services, many provided by volunteers, include rides to medical appointments, grocery/prescription deliveries and twice-monthly visits from a licensed health care professional.This is placeholder textThis is placeholder text“We hope we’ll come out of this with 40 people knowing a whole lot more about what this agency does,” said tennis pro Bob Christie, who will run the tournament.Christie said the mixed doubles round robin will be limited to 20 men and 20 women, each of whom will play up to five abbreviated matches of eight games with no-add scoring.Players will be matched randomly with a different partner for each match.Points will be awarded to each player based upon game scores, and the man and woman scoring the most points will receive awards crafted by Rackliffe Pottery of Blue Hill.The entry fee is $30 per player and those wishing to participate should call 374-5852 for more information or to preregister.Refreshments and healthy meals will be provided throughout the day.Major sponsors for the event include Blue Hill Memorial Hospital, Healthy Peninsula and Bar Harbor Bank & Trust.For more information about At Home Downeast, call Kara Janes at 374-5852 or email Hugh BowdenExecutive EditorHugh writes editorials, covers Hancock County sports and helps out where needed in The American’s editorial department. When he’s not on the sidelines, he enjoys playing jazz and tennis. GSA surges in 4th to win Northern Maine title – February 26, 2017 Latest Posts Is this the kind of government we deserve? – July 10, 2017 Biolast_img read more

Paraguayan golfer wins Malaysian Open

first_imgSeamus Power is 3 under par with Padraig Harraington 3 over par.Jordan Speith leads the way on 17 under par. The Paraguayan finished 19 under par and one shot clear after a final round of 63.Ireland’s Niall Turner finished 4 over par.Meanwhile, Shane Lowry is 5 under par after round three at the AT&T Pebble Beach PRO-AM.last_img


first_imgCouncillor Seamus Ó Domhnaill has called on the Government to intervene and put in place emergency legislation to address damage that rates demands are having on Bussiness’s accross Donegal especially in the Hotel Industry.Cllr Seamus O’DomhnaillExplaining his motives Cllr Ó Domhnaill said the current commercial rates system is crippling bussiness’s which require a large floor space for their business.“These places such as large goods stores, car sales rooms & Hotels may not be garnering the same profits as bussiness that are operating in smaller units, this system is archaic in the extreme and one that requires the Government to make changes to the system to urgently address this problem.” “We have seen in the last number of weeks where businesses have been forced to close down due to higher costs associated with running a business including commercial rates with less people coming through the doors due to the Economic downturn. The Government are duping the people into believing that the Country’s economic situation is improving yet bussiness are telling me on a daily basis of the difficulties which they are experiencing. It is time that this Government put in place the reforms which they promised instead of paying lip service to these important issues”The Council are not in a position to reduce the rate which these bussines’s pay as it is a matter for the National Government, Ó Domhnaill argues.“Business rates must be tied into the amount of profits which are made in a bussiness rather than the space needed to run a business” he further explains that ” Rates were to be reviewed with the introduction of the Household Property tax but again this has not taken place, like so many promises which this Government have let the people down on ”In the run up to recent budgets within Donegal the rates issue has proven to be one of the biggest factors which is affecting the business people accross Donegal. He adds that it is unfair to ask businesses in Donegal to pay the equivilent amount as the high street bussiness’s in our Countries Cities when there is a much larger population and effectively a larger footfall and profit margin in Cities than there is in Counties such as Donegal.In Conclusion Cllr. Ó Domhnaill comented ” It is time that the TD’s who represent our County table these issues in the Daíl to bring about positive change for the people that they represent and to allow these businesses such as Jackson’s Hotel and the Seaview Hotel to remain open, assist other business in opening in our County and essentially in assisting in creating employment for the youth of our County and give them opportunities to work and live at home instead of having to emigrate to gain employment. These bussiness that have created employment for the people of our County deserve protection and assistance, something that unfortunately is not being afforded to them by the Current administration”   O DOMHNAILL CALLS ON GOVERNMENT TO ADDRESS DONEGAL’S ‘CRIPPLING’ BUSINESS RATES was last modified: January 15th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:business ratesdonegalSeamus O Domhnailllast_img read more