UK: James Fisher Defence Signs USD 17.95 Million URF Contract

first_imgBack to overview,Home naval-today UK: James Fisher Defence Signs USD 17.95 Million URF Contract View post tag: UK View post tag: Naval Share this article View post tag: Defence View post tag: James View post tag: contract View post tag: URF View post tag: million View post tag: Signs View post tag: Fisher James Fisher Defence (‘JFD’), a division of James Fisher and Sons plc, the UK’s leading marine services provider (‘FSJ’), has been selected to undertake a comprehensive modernisation of the Swedish Navy’s Rescue Vehicle known locally as URF under a contract worth  around £11m.  The contract further demonstrates JFD’s leadership of the global submarine rescue market.JFD will undertake a full refit of the existing vehicle and design, build and integrate a series of new systems to maintain the vehicle’s performance, whilst optimising safety and operability.  The upgrade work will be completed at JFD’s Glasgow facility and the modernised vehicle will be delivered back into service in March next year after which JFD will continue to work with the Swedish Navy to ensure its future availability.  URF will bring to four the total number of rescue vehicles supported by JFD.JFD will be assisted in this work by the Swedish Defence and Security company Saab. As a major subcontractor to JFD, Saab Underwater Systems will be responsible for the design and build of an integrated propulsion and control system for the vehicle.The modernisation of URF will draw on JFD’s expertise in the design, build, support and operation of submarine rescue vehicles and systems and follows the delivery of two new DSAR (Deep Search and Rescue) class vehicles to the navies of Korea and Singapore in 2008 and 2009 respectively.  Prior to this JFD operated and maintained the UK Submarine Rescue System undertaking two major refits to create the rescue submersible LR5 which is now in service in Perth, Western Australia as part of the James Fisher Submarine Rescue System.  In 2005 a team from JFD saved the lives of seven Russian submariners trapped in the mini submarine Priz in 625 ft of water off the Kamchatka peninsular.Commenting on the contract, Ben Sharples, JFD Managing Director, said:“We are delighted to have been awarded this contract, URF is strategically an important rescue asset and the award of this contract is testament to our specialist skills in this niche market. We look forward to working with the Swedish defence procurement authority FMV and the Swedish Navy to modernise and extend the life of URF.”[mappress]Source: James-fisher, May 26, 2011; View post tag: Navy View post tag: News by topic Industry news View post tag: 17.95 UK: James Fisher Defence Signs USD 17.95 Million URF Contract View post tag: USD May 26, 2011last_img read more

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EDITORIAL: OUR CHOICE FOR MAYOR OF EVANSVILLE

first_imgGAIL RIECKEN ATTEMPTING TO BE FIRST FEMALE MAYOR UN EVANSVILLE 200 YEAR HISTORYWe believe that the voters face the biggest decision on the future of Evansville to be made in many years  this Tuesday. There is a sharp contrast between candidates who are fielded by the two major parties in their platforms, outlooks, and even the ways they have lived their lives.We would first like to congratulate Mr. Steve Wozniack for having the courage to launch an Independent run for Mayor. He clearly has a great deal of technical knowledge and a fresh way of looking at the City’s problems. Some of the ideas he has presented have potential to make this a better place to live, but we don’t understand how he would implement them. That being said, we believe that he has made a worthwhile contribution to the discussion and hope we haven’t heard the last of him.Typical party stances are scrambled in this election. We have an incumbent Republican, Lloyd Winnecke who has consistently spent more than we have coming in and the Democratic challenger, Rep. Gail Riecken who is the more fiscally conservative of the two. She is looking for ways to cut spending without any reduction in city services, while Winnecke is looking to continue spending on what he terms “transformative” additions.Mrs. Riecken’s critics accuse her of running a “negative” campaign, but supporters say her platform is based on the true situation in the City. Mayor Winnecke has been criticized for continuing to spend more than the City takes in, but his supporters argue that the spending is “investment” that will pay off when Evansville becomes a Mecca for young professionals and conventions.In fact-checking some of the statements made by the candidates on various claims, we have found that the facts tend to fall on the side of the Democrat. For example, the Mayor claims that crime has gone down on his watch and that the use of meth has been reduced by half. The FBI Uniform Crime Statistics show that Evansville is one of the few cities where crime has increased in the past four years. The claims about reductions in meth usage are offset by the fact that it is now being imported from Mexico. The stunning number of local deaths due to heroin usage has largely gone unaddressed by Mr. Winnecke in his claims that he has made Evansville safer.The incumbent Mayor has raised more money for his campaign than any other candidate in history ($1 million dollars plus), and we have been “treated” to an onslaught of television and internet commercials that make questionable claims about how he has improved Evansville. In his commercials, he has claimed credit for low unemployment and says he is “growing well-paying jobs” and “increasing the tax base.” The truth is that the city has probably lost as many living wage jobs as it has gained. Haier located here because of the availability of the engineers after Whirlpool left, not because the Administration did a better job of courting them than other cities, and those are the “good paying jobs” that have come to Evansville. Winnecke also claims that Evansville is growing and the tax base is increasing under his “leadership.” We can find NO EVIDENCE of truth in either of those statements and he has not offered anything that verifies his claims. We know that our readers are very familiar with his other ball-fumbling moves for Evansville, like the “bait and switch” hotel down sizing deal, the eight million dollar budget shortfall that he tries to blame on City Council, handing two-hundred thousand dollars over to the scammers of EarthCare, and the extreme overpayment for various real estate acquired by the City.When comparing the resumes of the two, we see that Mrs. Riecken has run a successful business with her husband of 47 years, Ron.  Gail Riecken knows what it takes to make an honorable profit in running a small business. They have been able to pass that business along to their daughters, who remain in Evansville with their families.Gail began her career of service to others early in life when she spent time the Peace Corps before she married.  She is a co-founder of Ark Crisis Center, and has worked tirelessly to help those less fortunate.  She is a strong advocate for helping kids in need.  Gail Riecken has been involved in many Evansville community organizations for decades.  She takes pride in serving her city and the people that live here . Gail has spent the better part of her life trying to improve the lives of others,  through her community involvement over the years.  Presently, she is  the State Representative for District 72.  She has strongly supported the IU Medical School and legislation to make land-based gaming legal in Indiana.In a surprising contrast, Lloyd Winnecke does not have entrepreneurial experience, which is an attribute usually prized by Republicans. He has been a member of the local television news media before joining Fifth Third Bank as a Vice President of Public Relations, where he remained until becoming Mayor. He previously served as a County Commissioner, and sheepishly describes taking part in an attempt to take away the Homestead Tax Credit as “not my finest hour in politics.”   He is married to his second wife, realtor Carol McClintock.  He has a daughter who resides in Arizona with his grandson.We believe that the majority of the public feels the need for more sound fiscal practices from the Mayor and City Council.  The City-County Observer is taking this opportunity to proudly endorse Gail Riecken for Mayor of Evansville.  We feel she will use a reasonable approach to public spending because she understands that so many people are struggling to pay bills and make ends meet.  If elected Mrs. Riecken will be the first female Mayor is Evansville 200 year history.Bottom line the taxpayers of Evansville can’t afford the things that Mayor Winnecke wants to obligate the citizens to pay for and Gail Riecken understands that.  We believe that Gail Riecken is the clear choice be elected as the next Mayor of Evansville.  We ask you to vote for your own interests by casting your ballot for Mrs. Gail Riecken as the next Mayor of Evansville if you have not already done so.IS IT TRUE that todays “Readers Poll” ask “Who do you endorse to become the next Mayor of Evansville”?FacebookTwitterCopy LinkEmailSharelast_img read more

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Thursday afternoon coronavirus numbers: Indiana has 9500+ cases; Michigan 29,000+

first_imgCoronavirusIndianaLocalNewsSouth Bend Market Twitter WhatsApp Indiana coronavirus map for Thursday, April 16. (ISDH) More than 9,500 Hoosiers have now tested positive for COVID-19.Another 611 cases were reported Thursday afternoon, bringing the totoal for Indiana to 9,542. Another 41 deaths have been reported as well, putting that total at 477.More than 51,000 tests have been administered in the state.St. Joseph County has 334 patients, with a 7th death. The victim was an elderly man with underlying health conditions. There are more than 100 cases now reported in both LaPorte and Elkhart Counties. Lake County has nearly 1,000 cases of coronavirus.Numbers from Michigan health officials on Thursday put the state’s new total at 29,263, after 1,204 new cases were reported. Another 172 deaths were reported in the state, bringing that total to 2,093 statewide. Berrien County reported 133 cases. Cass County had 19. WhatsApp Google+ Pinterest Previous articleNotre Dame cancels reunion celebrationsNext articleSisters of The Holy Cross get needed medical help amid pandemic Tommie Lee Facebook Facebook Google+ Thursday afternoon coronavirus numbers: Indiana has 9500+ cases; Michigan 29,000+ Pinterest By Tommie Lee – April 16, 2020 1 568 Twitterlast_img read more

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Coffee shop market up 7.3% despite Brexit pressures

first_imgMore than 1,200 coffee shops were opened in the UK in the past year, according to a new study.Store openings contributed to 7.3% hike in turnover to £9.6bn across the category in 2017, reported analysts firm Allegra World Coffee Portal in its Project Café 2018 UK study. Over the year, 1,215 openings took the total number of stores to 24,061.Branded chains accounted for 10.5% of the sales growth, with combined revenue of £4bn. Costa, Starbucks and Caffè Nero continue to dominate the market, and together make up 52.9% of the total branded chain market.Specialised artisanal chains such as Gail’s, Grind and Joe & The Juice gained momentum in 2017, said Allegra, by catering to “more discerning and less brand-loyal millennials with premium-quality coffee and service”.Some 71% of coffee sector executives interviewed were positive about the trading environment in 2017, although concerns remained about key Brexit issues such as trade and jobs.This had been reflected in dampened like-for-like sales and impeded outlet growth, said Allegra, adding that a lack of clarity over the UK’s future relationship with the EU was a headwind for the industry.But although the decline in sterling had pushed up equipment and import costs, increased tourism and the popularity of ‘staycations’ has boosted sales for some operators.Allegra expects the total UK coffee shop market to grow to 31,400 outlets, with a turnover of £13bn by 2022.“The UK coffee shop market continues to be robust despite current challenges, laying down modest growth in 2017 amid severe concern over the Brexit impact on jobs and investment,” said Allegra Group CEO Jeffrey Young.“We’re seeing a new era of leading brands competing on excellence. Key players are sharpening their focus on customer experience to stay ahead of rivals. If leading coffee shops can do this successfully, the market will remain strong.”last_img read more

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Bisco Inferno Concludes With The Disco Biscuits, Spafford, Organ Freeman At Red Rocks [Video/Photo]

first_imgLoad remaining images Photo: Bill McAlaine The Disco Biscuits closed out their four-night Bisco Inferno run in Colorado with a huge rager at Red Rocks Amphitheater on Sunday night, following three nights at Denver’s Ogden Theatre. As per tradition, fans near and far traveled to see the jamtronica pioneers for multiple nights ahead of the grand finale, which concluded at one of the country’s favorite open-air amphitheaters. This year’s installation of Bisco Inferno welcomed up-and-coming jammers Spafford and jazz fusion trio Organ Freeman, which featured Turkuaz’s Mikey Carruba on drums, as opening support. For their respected Red Rocks debuts, Spafford and Organ Freeman threw down monster sets, with Spafford even getting their time-slot extended to a full 90-minutes.The three nights prior, The Disco Biscuits threw down absolute heaters, displaying their diverse catalog over the sold-out shows at Denver’s Ogden Theatre. Sunday night was no exception as the band got right to business with “Bionic Helix”, starting the night off right, as lighting designer Johnny R. Goode worked his magic on the beautiful natural amphitheatre. The Disco Biscuits’ laser spectacle is a sight to see in any music venue, but there is absolutely nothing in the world like seeing a 9,500 person crowd getting down, in the midst of a picturesque light-show.Up next was “Tetris (Korobeiniki)”, which segued into a silky-smooth “Svengali (ending)”. Guitarist Jon “Barber” Gutwillig was firing off on all cylinders, showcasing some of his best guitar work from the weekend. There’s no denying that The Disco Biscuits are feeling loose and extremely comfortable, following an enormous 2017, and an even more well-received start to 2018. Marc Brownstein led the group into “The Tunnel”, with Aron Magner and “Barber” laying down a smooth-sailing groove, as the sun set at the country’s most beloved music venue.A cover of J.J. Cale’s “After Midnight” followed, with every fan under the stars singing along to the classic tune. The Biscuits last played this over the 4/20 run in Philadelphia, finding a magical slot for the beloved tune in recent standout shows. The quartet took the rocker deep into jam territory, eventually landing in a high-energy “Helicopters” to bring set one to a close. After a scorching hot Denver day, a nice breeze drifted through the crowd at set break, allowing the party to catch their breaths and take a seat for a few minutes.The Disco Biscuits returned to the stage for set two, opening with “Rivers”. With drummer Allen Aucoin holding it down behind the kit, the boys blasted into second set with the frontline of “Barber”, Brownstein, and Magner locking in with each other and taking things deep into jam-territory. A monster sandwich of “Mr. Don”-> “Tricycle”-> “Orch Theme”-> “Mr. Don” came next, showcasing the creativity that these jamtronica veterans have been bringing to the stage for the past twenty years. Crafting a setlist with a minimal amount of songs allows The Disco Biscuits to keep things fresh and creative, and this Colorado run has been nothing short of brilliant.“Therapy” brought set two to a close, and Marc Brownstein walked to the front of the stage, thanking everyone for a weekend that “the band will never forget”. Every musician aspires to hopefully one day play the historic stage at Red Rocks Amphitheatre, and The Disco Biscuits have seemingly declared Memorial Day weekend as their own Red Rocks annual throwdown. The band came back out for an “On Time” encore, with the concept of time not seeming to be on anybody’s minds, and the Biscuits soared into space one last time to close out a memorable four-night Colorado run.Watch the full show below:[Video: The Disco Biscuits]Setlist: The Disco Biscuits | Bisco Inferno | Red Rocks Amphitheatre | Morrison, CO | 5/27/18I: Bionic Helix-> Tetris (Korobeiniki)-> Svenghali (ending), The Tunnel, After Midnight-> HelicoptersII: Rivers, Mr. Don-> Tricycle-> Orch Theme-> Mr. Don, TherapyE: On TimeSetlist: Spafford | Bisco Inferno | Red Rocks Amphitheatre | Morrison, CO | 5/27/18Jam > Broken Wing, The Postman > Weasel, All My Friends > Bee Jam, Leave The Light On, Slip And Squander, Galisteo WayCheck out the full gallery below, courtesy of photographer Bill McAlaine.The Disco Biscuits, Spafford, Organ Freeman | Bisco Inferno | Red Rocks | 5/27/18 | Photos: Bill McAlainelast_img read more

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What do we know about suicide? Not nearly enough

first_img Two new tests help to diagnose patients at risk Inklings of suicide Related While those results suggest a dramatic improvement over more traditional studies of suicidal behavior, Nock emphasized that such algorithms need more refining before they can be deployed in a clinical setting.“Right now, we can use what we have to point clinicians toward people who might be at risk,” he said. “But to have something that’s really actionable, we need to be much more accurate.”For the new research, Nock and colleagues evaluated hundreds of papers that had taken a conventional approach to understanding suicidal behavior by recruiting large groups of participants and following them for years to identify which factors played the largest role in self-harm. Because nearly all of the studies, from the 1960s to the 2000s, relied on the same handful of risk factors, it was not surprising that most came to similar conclusions, Nock said.If that approach hasn’t worked, why, then, have researchers been so slow to try others? Lack of support is one barrier.“I think a big limiting factor is the stigma around the topic of suicide,” Nock said. “We haven’t prioritized it as a society … and that’s preventing a huge amount of research on suicide.”In the United States alone, suicide accounts for more than twice as many deaths as homicide, and more than five times as many deaths as HIV-AIDS. Yet despite such harrowing statistics, the federal government annually devotes more research dollars to studying headaches than suicide, said Nock. The new paper serves as a sobering message on the need for creative thinking around the problem, he added.“We need new theories and new tests of theories that take a number of factors into account at once,” Nock said. “We also need better short-term studies so we can understand how these awful behaviors unfold. If you look at other causes of death, like heart disease or HIV, as we’ve invested in those problems … death rates have dropped enormously. But for suicide, the rate 100 years ago is virtually identical to the rate today. Hopefully, this kind of work can get us to focus more on this problem and help us to start to really make progress.” Despite decades of research aimed at understanding the factors that might drive someone to attempt suicide, the sad fact is that scientists are no better at predicting self-harm than they were a half-century ago.That’s the conclusion of a new paper that examined 365 studies of suicide risk factors over the past 50 years. The review, described in the Psychological Bulletin of the American Psychological Association, found that even the most modern studies predicted suicidal behavior only slightly better than random chance.The solution, says senior author Matthew Nock, a Harvard psychology professor, may lie in taking a new approach to studying suicide by bundling multiple risk factors, much in the same way researchers consider factors like diet, exercise, and family history when evaluating heart disease risk.Nock and colleagues argue that suicide researchers have for too long focused on the same risk factors in isolation. These include mental disorders such as depression and anxiety, substance abuse, socio-demographics, negative life events, and prior suicidal thoughts or behavior.Co-authors on the paper include Joseph Franklin, a former postdoctoral fellow in the Nock lab who is now a faculty member at Vanderbilt University, as well as researchers from Boston University and Columbia University.“Most studies have looked at one factor at a time, like what’s the effect of depression on suicide, or what’s the effect of alcohol or substance abuse on suicide,” Nock said. “The problem is that, as a field, we haven’t done a good enough job testing the effects of combining multiple factors together. We’re using the same predictors, but we’re not getting any better.”One new approach, described by Nock and colleagues as “risk algorithms,” has shown some early promise in predicting suicidal behavior.“In one recent paper we developed a machine-learning algorithm that combs through medical records and weighed each code as increasing or decreasing your risk,” Nock said. “By evaluating thousands of risk factors, we were able to predict about 40 percent of suicide attempts, on average, about three to four years before they occurred.”last_img read more

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Sara Bareilles Waitress Musical Loses Pulitzer Prize-Winning Scribe Paula Vogel

first_img View Comments Sara Bareilles Star Filescenter_img Grammy nominee Sara Bareilles’ previously reported Waitress musical is losing a collaborator. Acclaimed playwright Paula Vogel, who was writing the book for the show, has pulled out of the production due to scheduling conflicts, according to The Boston Globe. A new book writer will be announced at a later date, and Tony-winning director Diane Paulus is still on board.Paulus told the Globe that Bareilles, whose album The Blessed Unrest is nominated for the 2014 Album of the Year Grammy, is “incredibly gifted” and said that the songstress is “really excited about writing for the musical theater.” Paulus and Bareilles have been developing the tuner since last summer at the American Repertory Theater, where Paulus is the artistic director.Waitress tells the story of a pregnant server in the South, who is trapped in an abusive marriage and looking for a happy ending, which she may or may not find when a charming doctor moves to town. The 2007 indie film starred Keri Russell, Nathan Fillion, Jeremy Sisto and Andy Griffith, premiered at the Sundance Film Festival and was a hit with critics, but also made news after the murder of its writer and director Adrienne Shelly.last_img read more

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Digital marketing gets results

first_imgIt’s no longer just a trend, but a vital tool.by: Amy NealeIf more and more of your credit union’s marketing budget is going to digital, you’ll want to read this article. Financial institutions nationwide increased their online advertising spend from $2.4 billion in 2013 to $2.9 billion in 2014, according to eMarketer. While this figure may not seem overly impressive, the study also shows a decline in media ad spending in all other categories: television, newspapers, magazines and newspapers.Pick PandoraIt’s become obvious that digital marketing can no longer be seen as an industry trend, but should be viewed as a vital marketing tool instead. One of the best bets for your digital marketing dollar is quickly becoming Pandora Internet Radio. Many advertising dollars are being shifted toward Pandora media buys, and here are some reasons why it’s worth it:You can target your marketing efforts with almost pinpoint accuracy, with segment and sub-segment choices that include household income, auto preferences, ethnicity, education levels, and home and business ownership. continue reading » 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Florida sets one-day record with over 15,000 new COVID cases, more than most countries

first_imgTopics : Florida reported a record increase of more than 15,000 new cases of COVID-19 in 24 hours on Sunday, as the Trump administration renewed its push for schools to reopen and anti-mask protests were planned in Michigan and Missouri.If Florida were a country, it would rank fourth in the world for the most new cases in a day behind the United States, Brazil and India, according to a Reuters analysis.Florida’s daily increases in cases have already surpassed the highest daily tally reported by any European country during the height of the pandemic there. It has also broken New York state’s record of 12,847 new cases on April 10 when it was the epicenter of the U.S. outbreak. Trump dons maskFacing a battered economy as he seeks re-election in November, President Donald Trump has pressured states to reopen shuttered businesses and schools.Education Secretary Betsy DeVos said on Sunday that her department did not have its own safe reopening plans to promote, and each school district and state must devise their own plans based on their local coronavirus infection rates.Health officials have pleaded with the public to wear masks to limit the spread of the virus, but the issue has become politically divisive in the United States unlike many other countries that have seen far lower rates of infection and death.Seven months into the pandemic, Trump wore a mask for the first time in public when he visited a Washington D.C.-area military medical center on Saturday. He had previously refused to wear a mask in public or ask Americans to wear face coverings, saying it was a personal choice.Many Americans still refuse to wear a mask, which health experts say help stop transmission of the virus that has killed more than 134,000 Americans.Anti-mask activists organized a protest on Saturday at a grilled cheese restaurant and bar in Windermere, Florida, which is in Orange County about 19 km from Walt Disney World.The restaurant, 33 & Melt, has become a focal point of tension after owner Carrie Hudson said she was not requiring customers to wear masks. County officials have mandated the use of masks in public since June 20.During Saturday’s protest, no customers wore face coverings inside the restaurant. Agents from the state’s Division of Alcoholic Beverages and Tobacco arrived during the rally and served Hudson with a warning, according to a video.”This is a virus that is very well contained,” said one of the demonstrators, anti-mask activist Tara Hill. “Everyone is responsible for their own health care decisions … We want our choices respected as well.”In addition to a record 15,000 new cases on Sunday, more than four dozen hospitals in Florida reported that their intensive care units are full due to a surge in COVID-19 patients.Hundreds were expected to attend a demonstration at the Michigan state capitol on Sunday afternoon, according to a Facebook event, to protest against Governor Gretchen Whitmer’s order that everyone must wear a mask in public, except when outdoors and able to maintain social distance.Protesters were also planning to gather outside city hall in Springfield, Missouri on Monday, where the city council was due to vote on a mask mandate in response to rising cases and a more than fourfold increase in Greene County’s COVID-19 hospitalizations in the last month.center_img The latest rise was reported a day after Walt Disney World in Orlando reopened with a limited number of guests who were welcomed with a host of safety measures, including masks and temperature checks.Anti-mask activists in several states, including Florida and Michigan, have organized protests against local mandates, arguing that the measures infringe upon individual freedom.Coronavirus infections are rising in about 40 states, according to a Reuters analysis of cases for the past two weeks compared with the prior two weeks. Nationally, the United States has broken global records by registering about 60,000 new cases a day for the last four days in a row, according to a Reuters tally. Hospitalizations and positive test rates are also rising in Arizona, California, Florida and Texas.Florida reported a record amount of testing, with nearly 143,000 results announced on Sunday compared with an average of 68,000 for the prior seven days.last_img read more

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Norwegian oil fund cuts 10 more companies over coal activities

first_imgThe latest companies to be excluded by NBIM are:CEZ (Czech Republic)Eneva (Brazil)Great River Energy (US)Otter Tail Corp (US)HK Electric Investments & HK Electric Investments (Hong Kong)Huadian Energy Co (China)SDIC Power Holdings Co (China)PGE Polska Grupa Energetyczna (Poland)Korea Electric Power Corp (Korea)Malakoff Corp (Malaysia)The two companies put on observation are both US-based: NorthWestern Corp and Portland General Electric Company.The SWF said it divested from 23 companies on the basis of ESG assessments in 2016, and that it had sold off a total of 210 companies over the last five years on such grounds.Separately, NBIM said it questioned firms about environmental, social or governance (ESG) issues in more than 1,500 company meetings last year.Publishing its 2016 report on responsible investment, NBIM said good corporate governance and sustainable business practices were in the GPFG’s long-term interest. In a recent interview with IPE, NBIM’s chief executive Yngve Slyngstad said that in 2017 the investment manager expected to have nearly 4,000 meetings with companies. It held 3,790 meetings with 1,589 companies last year.“In nearly half of those meetings, we raise issues on governance, environmental, and social issues,” he said.Chairman of the NBIM executive board Øystein Olsen, who is also governor of the central bank Norges Bank, added: “That does not mean that regularly we go public with any of these issues, but we do actually discuss them with the companies.”NBIM said it aimed to vote at all general meetings, and that during 2016 it had voted at 11,294 shareholder meetings around the world.“We are a large global investor with minority ownership in almost 9,000 companies,” Slyngstad said, adding that insight was a prerequisite for responsible management. “Good corporate governance and sustainable business practices will contribute to higher long-term returns”, he said. Norges Bank Investment Management (NBIM), the manager of Norway’s giant sovereign wealth fund, has excluded 10 more companies from its portfolio because of their involvement in coal business, and put another two under observation.The latest exclusions bring the total number of companies outlawed by the NOK7.6trn (€850bn) Government Pension Fund Global (GPFG) because of coal to 69, with a further 13 firms placed under observation.The move came as a result of the manager’s third round of analysis of businesses that may be affected by its coal criterion, NBIM said. All of the latest companies to be excluded are unlisted subsidiaries that issue bonds.Green bonds were excepted from the analysis, NBIM said, as well as subsidiaries deemed to have significant renewable energy activity.last_img read more

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