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

Anna Mae Huntington, age 75

first_imgAnna Mae Huntington, age 75 of Springfield, Ohio, formerly of Harrison,OH passed away on Friday, March 25, 2016 at Dearborn County Hospital. The daughter of Herbert & Claira (Webster) Parish was born on June 13, 1940 in Crittenden, Kentucky. Visitation will be Friday, April 1, 2016 from 11am-2pm with funeral services immediately following at 2:00pm all at Meyers Funeral Home, Batesville, IN.   Rev. Duane Smith officiating. Memorials may be made to the Alzheimer’s Association. Online condolences at In addition to her parents and husband, Charlie Huntington, Anna was preceded in death by her sister Betty Garrison and brother Herbert Parish Jr.center_img Anna worked as a contract cleaner for Greater Cincinnati Airport for many years and was a former member of the American Veterans Auxiliary in Harrison. She loved playing bingo, computer games, especially POGO and going to yard sales. Cooking was another favorite past time, her specialties were stuffing, potato salad and deviled eggs. Anna was always busy doing something. Some might call her ornery but she had a heart of gold. She loved to be with her family especially her grandchildren and of course her hissy cat ‘Precious’. She is survived by her sons Rodney N. Parish of West Harrison, IN, Jeff Parish of Aurora, IN, Bobby Parish of Aurora, IN, Gary Hart of Harrison, Ohio and David Savage of Milan, IN; daughters Georgia Oakes of Springfield, OH, Arlena Loney of Columbus, OH and adopted daughter Sue Meeker of Milan, IN; 16 grandchildren and 25 great grandchildren with one on the way; along with one sister Anita Davis.   last_img read more

Faugheen eases to Punchestown win

first_imgFaugheen took the drop back in distance in his stride as he made all the running and demolished the opposition in the Herald Champion Novice Hurdle. Faugheen was left to come home unchallenged by 12 lengths from his stablemate Valseur Lido, with the Mick Channon-trained Sgt Reckless third. Paddy Power promoted the winner to 5-1 co-favourite for next year’s Champion Hurdle at Cheltenham. Mullins said: “Vautour (Supreme Novices’ Hurdle winner) failed a late fitness test, he wasn’t right at the time of declaration so we put Faugheen in instead. On that ground I thought he was very, very good. “We’re not making any decisions on him, but you would have to consider staying over hurdles next season. “This trip is good enough as he is a keen horse who likes to get on with the job.” Walsh said: “The lad who rides him every day said he’d blow you away and he did. “I was fairly adamant the run in Cheltenham would improve him a hell of a lot, jumping-wise. “He’d won soft races and never been tested and today he jumped like a buck down the back. When I opened him up turning in, away he went. “It was a fair gamble dropping him back to two. It will have Willie scratching his head now. “Willie had been keen on him going jumping, we’re having a debate with what we are going to do with three or four of them, but you’d like to think he’d be in the mix.” Walsh added: “Those were good novices behind and he’s beat them by 12 lengths and it could’ve been 25. He’s a really good horse. “When I changed my hands off the home turn he started to lengthen and he was picking up to a fair rate of knots coming to the last. “He and Vautour are two different types, but the good thing is Willie Mullins trains the two of them, Rich Ricci owns the two of them, so I won’t have to worry about who to pick because they won’t run against each other!” Tackling two miles for the first time over timber, the unbeaten Willie Mullins-trained six-year-old jumped much better than he did when winning the Neptune Investment Management Novices’ Hurdle at Cheltenham. Ruby Walsh never had an anxious moment as the 1-2 shot asserted on the home turn and sealed victory by completing an almost foot-perfect round with a good jump at the last. Press Associationlast_img read more