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Investors must ‘move beyond talking’ on climate risk disclosure – AODP

first_imgHe added that the writing was on the wall regarding transparency, and that leaders in the field were already fully disclosing all risks associated with climate change.“It’s time to accept the inevitable and embrace this change,” Poulter said.The warning came as the UK’s Prudential Regulation Authority warned that pension funds should not underestimate their fiduciary duty to consider the financial risks of climate change.In a report aimed at the insurance industry and launched by Bank of England governor Mark Carney, it outlined lawsuits brought in the US against pension trustees for failing to consider the financial risks associated with the “structural decline” of the coal industry.In a speech at Lloyd’s of London on Tuesday, Carney referenced the US lawsuits.“Cases like Arch Coal and Peabody Energy – where it is alleged the directors of corporate pension schemes failed in their fiduciary duties by not considering financial risks driven at least in part by climate change – illustrate the potential for long-tail risks to be significant, uncertain and non-linear.“These risks will only increase as the science and evidence of climate change hardens.”The AODP and ClientEarth previously warned that pension funds falling behind on climate-risk mitigation risked breaching their fiduciary duty. Institutional investors have been urged to back the “inevitable” shift towards even greater climate-risk transparency to protect investments against climate change risks.The Asset Owners Disclosure Project (AODP) said it was time for investors to “move beyond the talking” when it came to tackling the risk associated with climate change.Its chief executive Julian Poulter added that those leading the organisation’s index on climate-risk disclosure had proven investments could be protected “against a carbon crash and still make money”.“It’s time to focus attention on those laggards who are digging their heels in – some for ideological reasons and some out of negligence,” he said. last_img read more

Stanley W. Shaw, 81

first_imgStanley W. Shaw, 81 of Greensburg, passed away on Thursday, October 24, 2019 at Majestic Care Nursing Home in North Vernon. Stanley was born on June 12, 1938 in Barren County, Kentucky, the son of Morris and Evelyn (Barrick) Shaw. He graduated from Glasgow High School in Kentucky in 1957 and then served in the US Army until 1962. After his time in the military he went to Kentucky Wesleyan College and later Emory University in Atlanta where he obtained a degree in Religion and Philosophy in 1966. On July 13, 1968 he married Marillyn R. Willeford and she survives.Other survivors include his sister – Brenda (Lonnie) Jaggers of Glasgow, KY; his sister-in-law – Donna Shaw; two nieces – Sherry Bishop and Dena Hall and his nephew – Mike Shaw. He was preceded in death by his parents, his son Timothy Shaw and two brothers Billie Ray Shaw and Clifton Shaw.Stanley was the pastor of the Letts United Methodist Church for 19 years.Visitation for family and friends will be on Monday, October 28, 2019 at the Gilliland-Howe Funeral Home from 10am until the start of the funeral service at 11am with Rev. Chris Stephens officiating. Burial will follow at the South Park Cemetery. Memorial contributions may be made to Decatur County Special Olympics. Online condolences may be made to the family at www.gilliland-howe.com.last_img read more

CONFIRMED! Tottenham agree deal to sell Vlad Chiriches to Napoli

first_img1 Vlad Chiriches Tottenham have announced Romania defender Vlad Chiriches is to join Serie A club Napoli for an undisclosed fee.The 25-year-old moved to north London from Steaua Bucharest in August 2013 but struggled to cement a regular first-team spot at White Hart Lane.Tottenham said on their official website: “We have reached agreement with Napoli for the transfer of Vlad Chiriches. We wish Vlad every success for the future.”Chiriches made just 43 appearances across his two seasons, 27 of which came in the Premier League.With Spurs signing Toby Alderweireld from Atletico Madrid, Chiriches, who has 32 caps for Romania, was likely to fall further down the pecking order at Spurs.last_img read more