Clean investments in U.S. doing far better than fossil fuel stocks since 2017

first_imgClean investments in U.S. doing far better than fossil fuel stocks since 2017 FacebookTwitterLinkedInEmailPrint分享Bloomberg:Fossil fuel never had a better friend in the White House than Donald Trump. So why, two years into his presidency, are investors favoring public companies devoted to renewable energy and giving the Bronx cheer to the coal, gas and oil crowd?Trump campaigned against the scientific consensus on climate change and promised to repeal any regulation that impeded the exploration, drilling, mining and burning of traditional energy. Since his inauguration on Jan. 24, 2017, he rescinded the Environmental Protection Agency’s Clean Power Plan, the Interior Department’s moratorium on new coal mining on public land, and President Barack Obama’s 2013 climate action plan and 2015 climate mitigation efforts. He withdrew from the Paris agreement signed by 195 countries in 2015, revived construction of the Keystone XL pipeline connecting Canada’s oil sands to Gulf Coast refineries, and increased by 600 percent the public land (not to mention coastal waters) for lease by oil and gas companies.Yet with all of these incentives, fossil fuel is a rare loser in the stock market since Trump took office. And that’s after oil appreciated 15%. The 170 companies in the Russell 3000 Energy Index, most of which engage in oil and gas, are down 12% during the first administration to declare global warming a hoax. The Russell 3000, meanwhile, gained 27% and technology, its best-performing sector, rallied 53%, according to data compiled by Bloomberg.As lucrative as the overall stock market has been for investors during the past two years, clean-technology shares have done even better. The 89 major publicly traded U.S. firms identified by Bloomberg New Energy Finance as deriving at least 10 percent of their revenue from the business of renewable energy, energy efficiency or clean technology have returned 50%since Trump’s first day in the Oval Office.Free-market capitalists seek profits wherever they see the potential for exceptional growth, and they’re reaping a bonanza from the cleanest companies. Ameresco Inc., a firm based in Framingham, Massachusetts that develops renewable-energy projects, almost doubled its value to $15 a share during the Trump presidency. Vivint Solar Inc., a Lehi, Utah-based installer of renewable-energy equipment, appreciated 98%. Cree Inc., the Durham, North Carolina producer of energy-efficient environmental lighting, surged 121%, according to data compiled by Bloomberg.What did traditional energy companies do for their shareholders during the same period with Trump as the cheerleader-in-chief? Irving, Texas-based Exxon Mobil Corp. gained 1%. Kinder Morgan Inc., the pipeline transportation and energy storage company based in Houston, lost 1%. Peabody Energy Corp., based in St. Louis, declined 4% since it was restructured in April 2017, according to data compiled by Bloomberg.More: Trump likes fossil fuels. Investors don’t.last_img read more

Bahamas to restrict travel from the US

first_imgAuthorities in the Bahamas are restricting US travel to the Islands in an effort to curve the rising cases of COVID-19.The announcement was made by Prime Minister and acting Health Minister Dr. Hubert Minnis who plans to have the order go into effect on Wednesday.According to the Bahamas Ministry of Health, they have had 153 cases of the virus and 11 deaths as of Sunday.Those traveling from Canada, Europe, and the United Kingdom are still welcomed to the islands, while travel from the US has been restricted to emergencies and essential travel.Those traveling to the islands must also be tested for the virus by an accredited lab and have a negative test 10 days or less before traveling or they will be required to quarantine for 14 days.The order will be a huge blow to the Bahamian economy which relies heavily on American tourism and who is still working to recover from Hurricane Dorian.Under the new order, beaches and parks have also been closed and indoor dining, weddings, funerals, religious services, and sporting events have also been banned in Grand Bahama.last_img read more

Calls for women who take time off work for abortion to get full pay

first_imgThomas Pringle has called for full pay for women when they take time off work to have an abortion.The Donegal Deputy said an existing maternity and infant scheme could be extended to grant leave to women planning a termination.The scheme enables pregnant women to free visits with their GP and obstetrician.They are legally entitled to paid time off for antenatal appointments under Maternity Protection Acts. It is believed that most workers planning terminations since abortion services were rolled out got a doctor’s cert and took sick leave.But this can leave many facing a dramatic fall in income, as employers are not obliged to fund their wages.This could leave many dependent on the social welfare Illness Benefit payment of up to €198 a week, once they have made enough social insurance contributions.Mr Pringle said it would make sense to extend an existing maternity scheme rather than trying to come up with a new one. “Ultimately, it’s the only way to ensure full pay because some employers don’t pay sick pay at all,” he told the Independent.ie.“Some mechanism needs to be set up to ensure they get some form of sick pay.”Irish Congress of Trade Unions equality officer David Joyce said the union umbrella body does not have a policy on the issue as abortion services have just started.“I understand that in the UK, the normal sick leave arrangements apply,” he said. “As there is no right under employment law here to be paid while on sick leave, that could be a serious deterrent to staying out of work – in particular for lower-paid women.”He described Mr Pringle’s proposals as interesting.Ibec director of employer relations Maeve McElwee said extending the scheme might cause problems for women as they would have to disclose they are pregnant.“Most doctors’ certs will simply say there is a medical illness, and employers will never know what that was,” she said. Calls for women who take time off work for abortion to get full pay was last modified: March 2nd, 2019 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:abortiondonegal womenlast_img read more

Does the UP govt. give a fig for this ‘inauspicious’ tree?

first_imgGular fig trees with luxuriant foliage are in trouble in parts of Uttar Pradesh. Chief Minister Yogi Adityanath has ordered the pruning of the trees along the route of the upcoming Kanwar Yatra because they are considered ‘inauspicious’.The instructions were given by Mr. Adityanath himself on Thursday, during a high-level meeting with officials.The Yatra commences in the Hindu calendar month of Shravan (second week of July) coinciding with the monsoon, during which devotees of Shiva walk miles to collect Ganga water, in Varanasi and other places. The Chief Minister ordered the “pruning of trees like Gular [fig] considered apavitra [inauspicious] by the Kanwariyas,” a government spokesperson said. The Yatra review was the first at the chief ministerial level in UP, and Uttarakhand officials were also present.The pruning instructions baffled environmentalists who termed it superstitious. Chitrakoot-based environmentalist Gunjan Mishra said, “the tree is the best example of symbiosis of culture. How can it be inauspicious? Since olden days, the trees have given shade and places to rest for those travelling long distances like the Kanwariyas or for the ill.”The gular is also well-known for attracting birds as it has plenty of fruit and is evergreen, said Vallabhacharya Pandey, an environmental activist in Varanasi. He also said that at a time when trees were being chopped for highway expansion, the “annual tradition” would only cause harm.Prateek Mishrapuri, an astrologer from Haridwar who runs the Bharti Prachya Vidya Society said the tree had high ritual status in Hinduism, but the Nirnay Sindhu shastra indicated why it may be considered inauspicious.“If the pilgrims pass under it or perform religious acts under it, the ‘satvik punya’ earned through the yatra got reduced,” he contended.Traditionally, the Kanwariyas simply bypassed the tree, and pilgrims did the same during the Mansarovar Yatra. Yet, the gular in Hinduism falls under the ‘panch pallav’, or the five holy puja leaves. “The shashtras say cutting down the tree without cause increases lawlessness and crimes against women, Mr. Mishrapuri claimed.Professor Vishwambhar Nath Mishra, mahant of the famous Sankat Mochan Temple in Varanasi, said the government was linking ‘unscientific beliefs to the environment.’Pilgrims and plasticHe said what needed to be changed during the Yatra was use of plastic bottles which polluted the river.Mr. Adityanath has asked officials to inform the Kanwariyas of do’s and don’ts, including adherence to noise level limits as per Supreme Court norms.” Officials have been asked to install CCTV on the Yatra’s route.last_img read more

Wizards’ John Wall on injury: ‘God is telling me something’

first_imgUS judge bars Trump’s health insurance rule for immigrants ‘We are too hospitable,’ says Sotto amid SEA Games woes Pistons send Knicks reeling to 15th straight loss Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss ‘We are too hospitable,’ says Sotto amid SEA Games woes Private companies step in to help SEA Games hosting LATEST STORIES Sports Related Videospowered by AdSparcRead Next Oil plant explodes in Pampanga town SEA Games hosting troubles anger Dutertecenter_img Wall suffered the Achilles injury after slipping and falling at home.“I understand I had an infection and getting off antibiotics, I felt like something wasn’t going right,” Wall said. “I slipped, but I don’t think that’s the main reason. … My pain was still the same. I didn’t have discomfort.”Wall averaged 20.7 points and 8.2 assists in 32 games this season. He played in only 41 games last season, during which he had an operation on his left knee. Wall also had surgery on both knees in 2016.The injury prompted the Wizards to shake up the roster and shed salary by trading away Otto Porter Jr. and Markieff Morris. In Wall’s absence, Bradley Beal has thrived as Washington’s top scoring option.“I felt like he should have been an All Star starter, with the numbers he’s put up and carrying this team throughout the year,” Wall said of Beal. “You don’t see too many other guards doing that other than probably James Harden.”ADVERTISEMENT Grace Poe files bill to protect govt teachers from malicious accusations MOST READ Oil plant explodes in Pampanga town Don’t miss out on the latest news and information. Washington Wizards guard John Wall greets fans after the team’s NBA basketball game against the Cleveland Cavaliers, Friday, Feb. 8, 2019, in Washington. The Wizards won 119-106. (AP Photo/Nick Wass)WASHINGTON— John Wall has a history of trying to play through pain. His latest setback is forcing the Washington Wizards guard to take a different approach.“I guess God is telling me something,” Wall said Friday night about the ruptured Achilles tendon that will force him to miss at least the majority of the 2019-20 season. “To sit down and get yourself fully healthy. I’ve played through injuries my whole career. I know a lot of people who played through injuries and don’t sit down. That’s one thing I don’t like to do. If something that’s nagging or not broken, I want to play. I guess it kind of caught up to me.”ADVERTISEMENT Wall was already out for the season after having surgery to repair bone spurs in his left heel. The rupture in his tendon was discovered by a team doctor during a follow-up procedure to clean out an infection. His recovery time has been estimated at 11 to 15 months.“I didn’t want to hear it,” Wall said of the diagnosis. “I’m kind of glad it happened now instead of when I’m four or five months ahead in recovery, trying to get back on the court, and it happens then.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesIt’s not clear what the injury will mean for a point guard who relies so heavily on his speed and athleticism. But Wall, whose $170 million “supermax” contract extension kicks starting next season, is optimistic about his future.“All the people that talk negative like ‘You’re not coming back,’ that just motivates me even more,” Wall said. View commentslast_img read more