More than 50 investors file low-carbon resolutions at BP, Shell AGMs

first_imgIts purpose is to engage on climate change with the 10 largest extractives and utilities companies listed on the London Stock Exchange (LSE).Its name is taken from the highest rating (A) of CDP (formerly the Carbon Disclosure Project), an NGO that rates the performance of global companies on climate change. The special resolution – ‘Strategic resilience for 2035 and beyond’ – and amplified by a supporting statement, calls for routine annual reporting from 2016 to include further information about ongoing operational emissions management; asset portfolio resilience to the International Energy Agency’s scenarios; low-carbon energy research and development and investment strategies; relevant strategic key performance indicators and executive incentives; and public policy positions relating to climate change.The resolution says this additional ongoing annual reporting could build on the disclosures already made to CDP and/or those already made within the company’s sustainability review and annual report.Dawn Turner, head of pension fund management at Environment Agency Pension Fund, said: “Transparency forms the core of our strategy to reduce climate risk, and it was an easy decision for EAPF to co-file.“By asking BP and Shell to report effectively on climate-related risk in their routine annual reporting, this will provide all shareholders with the information to assess how these companies are managing risk and protecting shareholder value.”Stephanie Maier, head of responsible investment strategy and research at Aviva Investors, said: “The economic and financial case for future policy changes addressing climate change is clear.“This will necessarily impact the profitability of more carbon-intensive energy assets over time. We are, therefore, in favour of lower carbon intensity capex plans in the energy sector.”She added: “These shareholder resolutions are in line with this aim, focusing on strategic resilience and asking key questions. We will be speaking with BP and Shell before deciding how to vote, and look forward to that discussion.”BP’s AGM is on 16 April and Shell’s in May. More than 50 institutional investors with portfolios totalling £160bn (€209bn) have co-filed “supportive but stretching” shareholder resolutions for the annual general meetings of BP and Shell, asking for further reporting on a number of areas affected by climate change, including low-carbon research and development, and emissions management.The investors include the UK Local Authority Pension Fund Forum (LAPFF); church investors, such as the Church Commissioners for England and the Central Finance Board of the Methodist Church; and other European pension funds, including Ilmarinen and Swedish buffer funds AP2, AP3 and AP4.Eight of the co-filers each have assets of more than $15bn (€13bn).The “Aiming for A” coalition is led by CCLA Investment Management, the specialist church and charity fund manager.last_img read more

Here’s top 25 highest transfer fee paying club since 2000

first_img23 – WEST HAM UNITED – 427 TRANSFERS – €736.95m 22 – OLYMPIQUE LYON – 193 TRANSFERS – €746.54m 19 – VALENCIA CF – 312 TRANSFERS – €866.91m Before 2003 Chelsea weren’t a big spending club but they were the first side to really have a huge cash injection from a new wealthy owner, when Roman Abramovich took over.Lenny Pidgeley, ChelseaRead Also: West Ham stun Chelsea, Aubameyang fires Arsenal revival Transfer prices have been getting higher and higher since Luis Figo broke the world record when he moved to Real Madrid from Barcelona for €62 million in 2000.Since then the transfer record has been broken on six occasions but 39 other transfers have officially been worth more than the deal for the Portuguese forward.High transfer prices have increased throughout and football, through television deals and rich owners, has only got wealthier, so it’s no surprise to see 15 clubs have spent over €1 billion in the past 20 years.According to Transfermarkt, Chelsea are the biggest spenders since the turn of the century and the top four have all spent over €2 billion in that time. 14 – ARSENAL – 317 TRANSFERS – €1.13bn 20 – BORUSSIA DORTMUND – 189 TRANSFERS – €829.03m The money has served them well as they’ve won five Premier League titles, five FA Cup, three League Cups, the Europa League and the Champions League in that time. 3 – FC BARCELONA – 195 TRANSFERS – €2.06bn 17 – SSC NAPOLI – 585 TRANSFERS – €910.70m 24 – SEVILLA FC – 305 TRANSFERS – €716.78m 16 – BAYERN MUNICH – 129 TRANSFERS – €995.69m Loading… 13 – AS ROMA – 665 TRANSFERS – €1.23bn 12 – TOTTENHAM HOTSPUR – 407 TRANSFERS – €1.25bn 9 – LIVERPOOL FC – 369 TRANSFERS – €1.48bncenter_img 7 – INTER MILAN – 790 TRANSFERS – €1.58bn 21 – NEWCASTLE UNITED – 339 TRANSFERS – €767.02m It’s fair to say Newcastle haven’t always got a return on their spending.  8 – PARIS SAINT-GERMAIN – 266 TRANSFERS – €1.55bn 15 – AS MONACO – 420 TRANSFERS – €1.03 Billion 25 – ASTON VILLA – 375 TRANSFERS – €696.94 million 10 – ATLÉTICO MADRID – 331 TRANSFERS – €1.35bn 4 – MANCHESTER CITY – 409 TRANSFERS – €2.05bn 1 – CHELSEA FC – 471 TRANSFERS – €2.16bn 5 – JUVENTUS FC – 761 TRANSFERS – €1.90bn 18 – EVERTON FC – 302 TRANSFERS – €877.31m 6 – MANCHESTER UNITED – 316 TRANSFERS – €1.78bn Van Gaal pointing at a plane that might take him and Di Maria away from Old Trafford.  2 – REAL MADRID – 201 TRANSFERS – €2.14bn Money doesn’t always buy you success, but sometimes it does. FacebookTwitterWhatsAppEmail分享 11 – AC MILAN – 639 TRANSFERS – €1.32bnlast_img read more

2015 Mary Kline Classic: Syracuse players of interest perform in top high school showcase

first_img Facebook Twitter Google+ Published on May 31, 2015 at 12:15 am Contact Sam: | @Sam4TR WEST ORANGE, N.J. – Matthew Moyer lost his footing and slipped. He looked like he was about to get hurt.But then the rising high school senior gathered himself, spun inside past two defenders and arched his left hand high, floating the ball in past two swooping defender’s hands.Two Syracuse commits – one of which was Moyer – along with many other SU targets and players with offers, joined some of the nation’s top talent east of the Mississippi river Saturday night at the Mary Kline Classic. The basketball tournament, started by Syracuse senior Alex Kline in memoriam of his mother, who died from brain cancer, played its fifth annual event in the West Orange high school gymnasium. The event raised $43,000 for cancer research.Moustapha Diagne, Four-Star Power Forward, Class of 2015, CommittedThough he said he was there just for fun, Diagne, listed as 6 feet 8 inches and 240 pounds by Scout, wasted no time in throwing his weight around.AdvertisementThis is placeholder textWhen receiving the ball in the low post, he varied his movements from using a power-dribble into a drop-step and spinning into the lane. Diagne drew “Oohs!” from the crowd when he gained inside position on 6-foot-11-inch tall Josh Sharma, a Stanford commit, and powered through his larger opponent to finish a lay-up. He also deftly used his left hand to finishing a leaner in traffic and fooled an opponent with a drive and a reverse lay-up.“I’ve been working for everything for next level,” Diagne said. “I know I can get a lot better. I’ve been working on my jump shot from 15 feet, 17 feet.”Diagne put that practice to use in the Classic, making two-of-four jumpers, one being a fadeaway that followed a crossover. He attempted one 3-pointer that clanged off the far rim.Diagne pushed the ball up the court often, once throwing a nice bounce pass for a dunk. He also turned the ball over twice.Matthew Moyer, Four-Star Power Forward, Class of 2016, CommittedMoyer’s night didn’t start well. He missed a 3-pointer from the top of the arc and then committed a foul.But he soon found his rhythm and led his team in scoring with 12 points at halftime behind three straight possessions which ended with a Moyer dunk.Moyer, currently Syracuse’s only 2016 commit, consistently drew double-teams off the pick-and-roll and found big men open underneath for easy dunks. He also shot three jumpers, something he’ll be working on a lot more this summer.“I’m trying to be known as a knock-down shooter, not just an athlete,” Moyer said.He said he’s talked daily with Syracuse assistant coach Gerry McNamara and two or three times per week with head coach Jim Boeheim.“When we talk, it’s never about ball,” Moyer said. “It’s like, ‘Should I break up with my girl?’ or things like that. Life things. Special program, special people. With G-Mac, it’s like a father-figure and son.”Jack Meriwether, who coached against Moyer in the game, said he could tell Moyer wasn’t pushing his hardest because he’s a big-game player, but that his staff still had trouble deciding who to guard Moyer with. He’s too big for guards and too quick for big guys, Meriwether said.Moyer will attend an NBA Top 100 camp in two weeks.Trevon Duval, Five-Star Point Guard, Class of 2017, Offered Duval missed an alley-oop, a dunk and a jump-shot to open the game and was visibly frustrated.But after a drive, dish and dunk by a teammate, Duval’s play improved. He drew fouls, hit his free throws and distributed to teammates, but also had four turnovers.Duval visited Syracuse last year during Midnight Madness, and said he’s received offers from Villanova, Virginia Tech, Maryland and California.“I’ve got no time-table for picking schools,” he said. “Right now, I’m getting a lot of mail.”His uncle, Frank Martins, said he’s also been offered by Michigan and that he’ll starting short-listing schools at the end of next summer, but they haven’t even talked about it yet. Duval was born in New York, Martins added, and that his family grew up Syracuse and St. Johns fans.Sedee Keita, Four-Star Power Forward, Class of 2016, OfferedKeita, quick for a big man listed at 6-foot-9 and 220 pounds, was very active on the defensive end and forced two turnovers. But he committed some turnovers as well on the other end of the floor.The South Carolina native, with other offers from Iowa State and Memphis, missed two lay-ups at one point, but snagged the third rebound and put it home. He rebounded well and had one particularly thunderous block.Jordan Tucker, Four-Star Small Forward, Class of 2017, OfferedTucker missed three 3-pointers, one of which was tightly contested, and two jumpers. He turned the ball over twice and missed a lay-up.Nicholas Richards, Four-Star Center, Class of 2017, OfferedRichards had to bow out of the classic due to other obligations, Kline said. Commentslast_img read more