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Australia’s ANZ bank to exit coal lending business by 2030

first_imgAustralia’s ANZ bank to exit coal lending business by 2030 FacebookTwitterLinkedInEmailPrint分享Argus Media:Australian bank ANZ will exit all lending to companies with exposure to thermal coal either through extraction or power plants by 2030, as part of its new lending criteria to support the 2015 Paris climate agreement target of net-zero greenhouse gas (GHG) emissions by 2050.ANZ, which is one of four banks that dominate the banking sector in Australia, will no longer finance any firms that have more than 10pc of their total revenue from thermal coal activities, the bank said.The Melbourne-based bank will only lend to renewable projects and low-carbon gas projects by 2030 and will discuss with its customers that have more than 50pc of their revenue from thermal coal about diversification strategies by 2025. “We will cap limits to customers that do not meet this expectation and reduce our exposure over time,” ANZ said.The tightening of the lending criteria to the thermal coal industry follows ANZ’s previous stance unveiled last year of lending only to new customers that have less than 50pc of their revenue from thermal coal and not financing the construction of any new conventional coal-fired power plants. It also marks a shift from when the bank first unveiled its thermal coal lending policy in 2015, when it said it would consider financing new coal-fired power stations only if advanced technology and higher-quality thermal coal were used.ANZ was the last of Australia’s four largest banks to commit to exiting lending to thermal coal activities, with fellow Australian bank Westpac pledging to neither lend money nor invest in the thermal coal mining industry from 2030.Australia is the world’s second-largest exporter of thermal coal. The sector faces more headwinds now that Australia’s four largest banks will no longer lend for new thermal coal mine developments or expansions of existing mines. Australia’s three largest coal customers have also all committed to net-zero emissions by 2050 for Japan and South Korea and 2060 for China. These three countries took around three-quarters of Australia’s thermal coal exports in calendar 2019.[Kevin Morrison]More: Australian bank ANZ to exit all coal lending by 2030last_img read more

Dynagas LNG Partners rakes in $53 million from offering

first_imgImage courtesy of Dynagas LNG PartnersDynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, secured $53 million after the closure of its previously announced offering.Dynagas LNG said in a statement on Wednesday it has granted the underwriters a 30-day option to purchase up to an additional 330,000 Series B Preferred Units on the same terms and conditions as previously announced.The LNG shipper received net proceeds of $53 million, after deducting underwriters’ discounts and commissions and estimated offering expenses, it said.Dynagas added it intends to use the cash for general partnership purposes, which may include, among other things, the repayment of indebtedness or the funding of acquisitions.last_img

Little Rock faces Ga. Southern in Sun Belt finals

first_imgLittle Rock faces Ga. Southern in Sun Belt finals March 12, 2020 For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 BIG MEN ON CAMPUS: The versatile Markquis Nowell is averaging 17.2 points, 4.7 assists and 2.1 steals to lead the way for the Trojans. Ruot Monyyong is also a primary contributor, producing 11.9 points and 9.5 rebounds per game. The Eagles have been led by Ike Smith, who is averaging 14.1 points and 5.5 rebounds.SOLID SMITH: Smith has connected on 33.3 percent of the 159 3-pointers he’s attempted and has made 5 of 17 over his last five games. He’s also made 66.2 percent of his free throws this season.WINLESS WHEN: Arkansas-Little Rock is 0-7 this year when it scores 66 points or fewer and 21-3 when it scores at least 67.UNDEFEATED WHEN: Arkansas-Little Rock is a perfect 16-0 when it scores at least 72 points. The Trojans are 5-10 when scoring any fewer than that.DID YOU KNOW: Arkansas-Little Rock has attempted the eighth-most free throws in all of Division I. The Trojans have averaged 24 free throws per game and 30.4 per game over their last five games.___center_img Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditNo. 5 seed Georgia Southern (20-13, 14-8) vs. No. 1 seed Arkansas-Little Rock (21-10, 15-5)Sun Belt Conference Tourney Championship, Smoothie King Center, New Orleans; Saturday, 11:30 a.m. EDTBOTTOM LINE: Georgia Southern and Arkansas-Little Rock are set to do battle in the Championship of the Sun Belt tournament. The only meeting between the teams this season came on Jan. 6, when the Trojans shot 56 percent from the field while limiting Georgia Southern to just 44.3 percent en route to a six-point victory.last_img read more

Serena hits top form as Wozniacki, Bouchard crash out

first_imgSerena Williams put herself back on the winning track in the American’s final warm-up event before the U.S. Open with a 7-5 6-3 win over Bulgarian Tsvetana Pironkova in her opening match at WTA Cincinnati.The defending champion enjoyed a successful return to Cincinnati but Carolina Wozniacki, who Williams beat in the final at Flushing Meadows last year, continued her poor build-up for New York with a straight sets loss to Victoria Azarenka.Williams prevailed in 90 minutes and showed none of the uncharacteristic struggles that dogged her during last week’s semi-final loss to Swiss teenager Belinda Bencic in Toronto.The world number one, who will aim for a rare sweep of the four grand slam events at the Aug. 31-Sept. 13 U.S. Open, broke Pironkova’s serve once in each set and then sealed victory in style with her 15th ace of the second round match.”There wasn’t anything really tactical in particular for me today, I always just try to play my game and be consistent and stay focused,” Williams, who improved to 44-2 in 2015, said in a courtside interview.Fourth seed Petra Kvitova also bowed out, the Czech beaten 7-5 4-6 6-2 by Caroline Garcia, of France, leaving the women’s event with just two of the top five seeds still standing. Garcia will meet 14th seed Elina Svitolina in the next round after the Ukrainian edged out the slumping Eugenie Bouchard 7-6 (6) 7-5 as the Canadian’s woeful season continued.In earlier action, Romanian third seed Simona Halep beat FrenchwomanKristina Mladenovic 7-5 5-7 6-4 while Czech seventh seed Lucie Safarovaadvanced with a 6-4 7-5 win over American wild card Coco Vandeweghe.Results – round 214-Elina Svitolina (Ukraine) beat Eugenie Bouchard (Canada) 7-6(6) 7-5Victoria Azarenka (Belarus) beat 5-Caroline Wozniacki (Denmark) 6-0 6-4 7-Lucie Safarova (Czech Republic) beat CoCo Vandeweghe (U.S.) 6-4 7-51-Serena Williams (U.S.) beat Tsvetana Pironkova (Bulgaria) 7-5 6-3Anastasia Pavlyuchenkova (Russia) beat Yaroslava Shvedova (Kazakhstan) 2-6 6-3 6-28-Karolina Pliskova (Czech Republic) beat Timea Babos (Hungary) 6-4 7-5Varvara Lepchenko (U.S.) beat Mirjana Lucic-Baroni (Croatia) 7-5 6-4 Belinda Bencic (Switzerland) beat Flavia Pennetta (Italy) 6-1 6-43-Simona Halep (Romania) beat Kristina Mladenovic (France) 7-5 5-7 6-4Jelena Jankovic (Serbia) beat Madison Keys (U.S.) 7-6(4) 6-4Karin Knapp (Italy) beat Daria Gavrilova (Russia) 6-4 6-1Caroline Garcia (France) beat 4-Petra Kvitova (Czech Republic) 7-5 4-6 6-2 Sloane Stephens (U.S.) beat Mona Barthel (Germany) 3-6 7-6(1) 6-215-Andrea Petkovic (Germany) beat Camila Giorgi (Italy) 5-7 6-3 6-3Anna Karolina Schmiedlova (Slovakia) beat Irina Begu (Romania) 6-1 6-3–Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more