Environmental Funds – G Net http://gnet.org/ Wed, 15 Sep 2021 10:09:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://gnet.org/wp-content/uploads/2021/05/default-150x150.png Environmental Funds – G Net http://gnet.org/ 32 32 Vanguard plans 3 new mutual funds, open to Personal Advisor Service investors only https://gnet.org/vanguard-plans-3-new-mutual-funds-open-to-personal-advisor-service-investors-only/ https://gnet.org/vanguard-plans-3-new-mutual-funds-open-to-personal-advisor-service-investors-only/#respond Wed, 15 Sep 2021 09:16:04 +0000 https://gnet.org/vanguard-plans-3-new-mutual-funds-open-to-personal-advisor-service-investors-only/ Vanguard, which pioneered low-cost funds that passively track the stock market, plans to launch three new actively managed funds later this year, but they will only be available to clients of the company’s advisory service, which charges an annual fee of 0.30%. The funds – Advice Select Dividend Growth, Advice Select International Growth and Advice […]]]>

Vanguard, which pioneered low-cost funds that passively track the stock market, plans to launch three new actively managed funds later this year, but they will only be available to clients of the company’s advisory service, which charges an annual fee of 0.30%.

The funds – Advice Select Dividend Growth, Advice Select International Growth and Advice Select Global Value – will be offered to clients of Vanguard’s hybrid robot-advisor, the Personal Advisor Service.

Vanguard, which has a founding reputation for low-cost index funds, already has some actively managed mutual funds that stand out.

And although Vanguard’s advisory service has grown, it remains modest, at just $ 240 billion in assets of Vanguard’s $ 8 trillion total.

Clients of the advisory service have previously relied on Vanguard’s total market index to construct simple portfolios.

With the latest move, Vanguard recognizes that “active management is important, but concentrated active portfolios can help add value to your portfolio,” said Dan Wiener, editor of the Independent Adviser for Vanguard newsletter. Investors, which is independent from the company.

Advice Select Dividend Growth, managed by Wellington portfolio manager Don Kilbride, will be a version of the existing Vanguard Dividend Growth fund, a portfolio of around 40 stocks. Vanguard temporarily closed Dividend Growth to new investors in 2016, when it reached around $ 30 billion in assets. He reopened the fund to investors in August 2019. Today the fund has over $ 50 billion and is open to anyone with a minimum of $ 3,000 to invest.

For the Advisors-only Advice Select fund, Kilbride will run an even more concentrated portfolio – and that will cost investors almost double, with an expense ratio of 0.45% versus 0.26% for the Dividend Growth fund he has. managed in the past. decade and a half.

“Stack that on top of the 0.30% annual fee for PAS [the advisory service] and it’s starting to add up, ”Wiener said, totaling 0.75% per year. But that’s still relatively cheap for an actively managed fund with its track record, he added.

Scotland-based investment firm Baillie Gifford will manage Advice Select International Growth. As with Advice Select Dividend Growth, International Growth will be more concentrated and more expensive than its sister fund. David Palmer, manager of Advice Select Global Value, will be the manager.

“It’s refreshing to see Vanguard investing more in its low-profile active management talents,” said Wiener. “But we don’t know why he wouldn’t use the existing Dividend Growth and International Growth funds. Why launch concentrated versions of the first two funds and then limit them to a limited pool of investors? And if these distilled versions are really better, why not make them available to everyone, even if they cost more?

In addition, the acquisition by Vanguard of the direct index shop Just Invest could be a means of offering personalized index funds. Other companies such as BlackRock, Schwab and Parametric also offer what’s called direct indexing, said Herb Blank, senior quantitative analyst at Value Engine Inc. and senior consultant at Global Finesse LLC.

Instead of a simple index, direct indexing clients can add or remove certain holdings based on their beliefs or values, for example by eliminating companies that sell guns or tobacco, donate to certain political causes or which do not support the environment, social and governance issues.

“Direct indexing helps investors express their very different values,” Blank said. “Investors are now moving towards this concept. “

Today, individuals rely on mutual funds and exchange traded funds which provide a means of expressing their beliefs in the markets. The growth of ESG funds – focused on the environment, social and governance – is just one example.

This growing focus on high-profile public policy issues, such as executive compensation, has also led to an increase in campaigns launched against Corporate America by multiple activists.

A newcomer to the activist space is the American Conservative Values ​​ETF (NYSE: ACVF) which started trading in October 2020 and charges investors 0.75% per annum. More recently, the fund divested its positions and initiated a boycott of Bank of America Corp., Lowe’s Co., American Express Co. and Nasdaq, Inc. as part of a periodic portfolio rebuild based on its view of values. conservative policies.

Lowe’s, Bank of America and American Express “have embraced and started teaching their employees critical race theory,” said portfolio manager Tom Carter, an educational philosophy that “stresses that some Americans will always be oppressors, while others can never rise above an oppressed status and will forever remain victims. Such ideas run counter to American values ​​and to conservative investors who turn to our fund for advice. “

Critical Race Theory holds that white supremacy and structural racism are a defining feature of American law and society. However, the concept was once largely limited to discussion in legal journal articles and not to the general public.

“Giving conservative investors the power to address such concerns is one example of why we created ACVF,” said Carter, the chairman. “We are a free market society where everyone should have options available. “


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Historic District Commission seeks funds for Retta Brown neighborhood investigation https://gnet.org/historic-district-commission-seeks-funds-for-retta-brown-neighborhood-investigation/ https://gnet.org/historic-district-commission-seeks-funds-for-retta-brown-neighborhood-investigation/#respond Sat, 11 Sep 2021 05:01:04 +0000 https://gnet.org/historic-district-commission-seeks-funds-for-retta-brown-neighborhood-investigation/ The El Dorado Historic District Commission on Thursday approved a contract to conduct another survey of cultural resources. Elizabeth Eggleston, Executive Director of the EHDC, also clarified and provided additional details on the changes to the terms of a state grant that will be used to cover the cost of the project. The EHDC and […]]]>

The El Dorado Historic District Commission on Thursday approved a contract to conduct another survey of cultural resources.

Elizabeth Eggleston, Executive Director of the EHDC, also clarified and provided additional details on the changes to the terms of a state grant that will be used to cover the cost of the project.

The EHDC and the Austin, TX office of Terracon Consultant Services, Inc., are working to complete an Investigation and Determination of Eligibility (DOE) inventory for 326 properties in the Mellor subdivisions , McKinney, Bodenhamer, Forest Lawn and Eastridge.

The survey and inventory will help determine if the subdivisions are eligible for nomination to the National Register of Historic Places as Local Historic Districts and / or individually listed properties.

Work has continued since March, and Eggleston said Thursday that fieldwork was nearing completion.

The project is funded by the largest portion – $ 42,500 – of a $ 49,049 Certified Local Government (CLG) grant that was awarded to the city in 2019 by the Arkansas Historic Preservation Program (AHPP).

It is the largest CLG grant ever awarded in the state.

El Dorado is one of 21 cities in Arkansas to participate in the CLG program.

CLGs partner with other CLG communities in the state, the AHPP and the National Parks Service to preserve historic resources at the local level.

In 2020, the city received another grant from the CLG for a DOE investigation into the neighborhoods of Retta Brown and Country Club Colony, both of which were recommended as projects in a city-wide preservation plan. written in 2020.

The grant was $ 22,648, of which $ 9,660 was to be allocated to the Retta Brown subdivision and $ 6,440 to the CCC.

Eggleston said last month that requests for proposals (RFPs) had been sent to companies to conduct DOE investigations and that she had received inquiries about the project.

August 22 was the deadline for submitting requests for proposals.

In an update last week, Eggleston informed the historic commissioners that she had not received any proposals by the deadline and she sought advice from the AHPP.

Eggleston said she also checked with an Austin-based conservation / design company, who said they were unable to take on the project and recommended Cox | McLain Environmental Consulting, Inc .

Cox | McClain would conduct a DOE investigation and collect oral histories for projects in Little Rock.

“(Cox | McClain) said they could not conduct the investigation based on the amounts suggested by the AHPP,” Eggleston told Historic District Commissioners, explaining that the company uses FileMaker by Apple, an app cross-platform relational database.

She said the details, including costs, of the contract had been negotiated and incorporated into a preliminary agreement that was to be considered by the EHDC and AHPP.

The AHPP revised the terms of the grant, agreeing to pay $ 15,932 per Cox | McClain application, to cover the DOE’s investigation for Country Club Colony.

State officials also suggested that the EHDC resubmit the Retta Brown project for the next round of CLG grants.

Eggleston explained Thursday that the amount of the CLG grant had not been reduced, as previously reported by the News-Times.

She said the AHPP had agreed to reallocate more funds for the DOE investigation to Country Club Colony (task A) and that the Retta Brown investigation (task B) would be removed from the terms of the $ 22,648 grant. .

She said the remainder of the grant will be split between administrative services, including the remuneration of the executive director, for the EHDC ($ 4,000); over $ 2,300 for travel and training for EHDC staff and commissioners; and $ 300 for annual membership fees for local, state, and national preservation programs (the South Arkansas Historical Preservation Society, Preserve Arkansas, and the National Alliance of Historic Preservation Commissions).

Eggleston said she also spoke with state officials and Cox | McClain about the Retta Brown project, saying that if the EHDC could provide the $ 9,660, the company could complete the projects. two projects simultaneously.

“There is a time constraint and because of the time constraint I don’t know if it’s going to work,” she said.

Eggleston noted that the El Dorado Works Board and El Dorado City Council have agreed to provide $ 10,000 in consideration for a $ 42,000 grant that was awarded in 2019 to pay for the city-wide preservation survey.

Matching funds came from the El Dorado Works Tax, a one-cent municipal sales tax for economic development, municipal infrastructure, and quality of life projects recommended and approved by ISF.

Sara Coffman, EHDC and ISF member, advised Eggleston to prepare a proposal to present to ISF and request that the item be placed on the agenda of the next regular ISF meeting, which is scheduled for 5:15 p.m. Tuesday at the town hall council chamber.

“(The cost of the Retta Brown survey) may change because that’s what the state has designated for the project (Retta Brown). We have increased the amount per structure, so there will likely be an increase,” he said. Eggleston said, adding that she will check with Cox | McClain on this.

She also said research had already been done and maps developed for the properties to be surveyed in the Retta Brown neighborhood, including the former elementary school of the same name.

Eggleston said she would try to prepare a proposal for the ISF by Tuesday.


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Indiana, one of the 10 states that emit the most carbon in the United States https://gnet.org/indiana-one-of-the-10-states-that-emit-the-most-carbon-in-the-united-states/ https://gnet.org/indiana-one-of-the-10-states-that-emit-the-most-carbon-in-the-united-states/#respond Wed, 08 Sep 2021 07:36:51 +0000 https://gnet.org/indiana-one-of-the-10-states-that-emit-the-most-carbon-in-the-united-states/ In case you haven’t heard it, the earth is doomed. Aside from the apocalyptic declaration, hundreds of top scientists around the world released a report last month on the danger man-made climate change poses to the world. The United Nations report called it a “red code for humanity”. And the cause, according to the report, […]]]>

In case you haven’t heard it, the earth is doomed. Aside from the apocalyptic declaration, hundreds of top scientists around the world released a report last month on the danger man-made climate change poses to the world.

The United Nations report called it a “red code for humanity”.

And the cause, according to the report, is pretty clear: Carbon dioxide is the main driver of climate change, along with other greenhouse gases. To turn the tide for the future, scientists have stressed the need to reduce and ultimately eliminate these emissions.

But where do these shows come from? That’s exactly what Greg from Indianapolis wants to know. For this part of the Scrub Hub, we’ll be looking at the share of US carbon emissions coming from Indiana.

To answer these questions, we looked at some federal data and spoke with experts about how Indiana gas compares to other states. Hint, we broadcast a lot.



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From fashion to strength, sustainable investments are sweeping Wall Street https://gnet.org/from-fashion-to-strength-sustainable-investments-are-sweeping-wall-street/ https://gnet.org/from-fashion-to-strength-sustainable-investments-are-sweeping-wall-street/#respond Sat, 04 Sep 2021 06:53:42 +0000 https://gnet.org/from-fashion-to-strength-sustainable-investments-are-sweeping-wall-street/ NEW YORK – Sustainable investing has overtaken fashion to become one of Wall Street’s most stable forces. In the two years to July, month after month, investors sent at least $ 1.5 billion to funds that claim to be socially responsible or that use environmental, social and corporate governance criteria to perform their investments. This […]]]>

NEW YORK – Sustainable investing has overtaken fashion to become one of Wall Street’s most stable forces.

In the two years to July, month after month, investors sent at least $ 1.5 billion to funds that claim to be socially responsible or that use environmental, social and corporate governance criteria to perform their investments.

This is a far cry from other US equity funds, which have been rocked by titanic fluctuations in interest rates. In two of the three months during this period, more money came out of U.S. equity funds than it came in, according to the EPFR fund tracker.

This is the latest step in the evolution of so-called ESG investments, which have steadily grown in popularity even though they were once considered a mere niche. Some investors choose these funds because they want more stable returns going forward, while others just want their portfolios to be more in line with their values.

Of course, every boom brings opportunists.

Regulators have warned of some potentially misleading statements, such as companies claiming to be ESG-focused but holding shares in companies with low environmental, social and governance scores. It is reminiscent of how products along supermarket aisles are accused of “greenwashing” or presenting their products as “green” even if they are not.

But ESG and socially responsible investments are generally expected to maintain their strong momentum, or even accelerate. The world, after all, continues to provide more and more examples of how climate change affects business profits and losses.

Forest fires are burning parts of the country, while heavy rains inundate others. Meanwhile, the covid-19 pandemic continues to weigh on the economy, and a disheartening report on global warming released earlier this month called on the United Nations to declare a “code red for humanity.”

Environmental, social and governance investing is often stereotyped as something primarily for millennials and young investors, but experts say it appeals to baby boomers as well. It’s a big deal because they have the most money to invest.

“It is now a dominant theme,” said Cameron Brandt, research director at EPFR. “The main risk to the current trend is that it’s no longer that rambling voice on the sidelines. It’s now in the arena and I think it’s going to be judged by more established criteria.”

This includes the potential for higher fees. Measuring a company’s performance on environmental issues, as well as how it treats its workers and the rigor of its corporate governance policies takes research and work. And that can lead to higher expenses.

Interest in environmental, social and governance investing has been strong enough that US SIF, a group that advocates for sustainable investing, recently updated its guide for investors looking to get started.

It also offers a free online course for people who want to learn the basics of sustainable investing. The group has heard accusations of greenwashing against the industry.

The organization claims that a fund that does greenwashing – or distorts what it does – is different from a fund that takes a lighter touch on environmental, social and governance investments. This is something that is becoming more and more prevalent as the field expands.

Some funds, for example, undertake not to hold shares of companies considered to be dangerous or unpleasant. Others will try to own only the companies that achieve the highest scores in the markers on environmental, social and corporate governance issues.

Yet others try to buy only the companies that score high in their specific industry, even if the score is very low overall.

“I think it’s important that any type of fund, whether it’s an ESG fund or a small or mid-cap fund, expresses with precision or transparency what it does,” said Lisa Woll, CEO of US SIF. “As long as you do what you say precisely, it’s fine. But that’s why you read a flyer.”


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Australian responsible investment funds jump to $ 878 billion https://gnet.org/australian-responsible-investment-funds-jump-to-878-billion/ https://gnet.org/australian-responsible-investment-funds-jump-to-878-billion/#respond Wed, 01 Sep 2021 08:50:00 +0000 https://gnet.org/australian-responsible-investment-funds-jump-to-878-billion/ SYDNEY, September 1 (Reuters) – Australian funds managed by certified responsible investment funds rose by nearly a third to reach A $ 1.2 trillion ($ 877.6 billion), or about 40% of the sector, according to a report released Wednesday. This pales compared to the 71% jump in funds that claim to be responsible investors but […]]]>

SYDNEY, September 1 (Reuters) – Australian funds managed by certified responsible investment funds rose by nearly a third to reach A $ 1.2 trillion ($ 877.6 billion), or about 40% of the sector, according to a report released Wednesday.

This pales compared to the 71% jump in funds that claim to be responsible investors but did not hit the minimum of 15 out of 20 points on a scorecard.

Almost nine in ten dollars in the AU $ 3.1 trillion nationally managed fund industry were managed by self-proclaimed responsible investors, up from 61% a year earlier, according to the Responsible Investment Association Australasia (RIAA) report. .

None of the funds got 20 out of 20, according to the report.

As “greenwashing”, a practice by which companies embellish their corporate, social or environmental credentials, has increased in 2020, investor pressure has resulted in an acceleration of the “net zero” emissions targets of Australian companies.

Despite Australia’s staggered refusal to commit to a goal of net zero emissions by 2050 alongside the rest of the world, more than half of the top 100 listed companies had pledged to reach a goal of net zero , up from a fifth a year ago, according to Macquarie. Group (MQG.AX).

Under the pressure of decarbonization, companies are also turning to mergers and acquisitions to achieve these goals, while accelerating their use of so-called “sustainability-linked” debt.

“The reality remains that, despite such large sums of capital committed to responsible investment in Australia and abroad, we remain far from on track to meet the commitments of the Paris Agreement,” said the RIAA report.

Certified responsible investment funds disclosed their entire portfolio, actively targeted sustainability outcomes and supported shareholder social and environmental resolutions, the report adds.

($ 1 = 1.3674 Australian dollar)

(This story corrects the proportion of the third paragraph to dollar amounts, not managers)

Editing by Jacqueline Wong

Our Standards: Thomson Reuters Trust Principles.


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Coors Light to provide $ 10,000 grants to Latin American nonprofits on behalf of leaders with impact https://gnet.org/coors-light-to-provide-10000-grants-to-latin-american-nonprofits-on-behalf-of-leaders-with-impact/ https://gnet.org/coors-light-to-provide-10000-grants-to-latin-american-nonprofits-on-behalf-of-leaders-with-impact/#respond Wed, 25 Aug 2021 13:39:59 +0000 https://gnet.org/coors-light-to-provide-10000-grants-to-latin-american-nonprofits-on-behalf-of-leaders-with-impact/

CHICAGO, 25 August 2021 / PRNewswire / – For the 15the Year in a row, the Coors Light Líderes program helps Latino nonprofit leaders and volunteers conquer their mountains. Coors Light will help five remarkable Latin American change makers empower their communities by awarding $ 10,000 grants for their nonprofit organization. The winners selected as “Líderes” will also have access to the Change Makers Alumni network. Applications and applications are now open via September 21 on CoorsLightLideres.com.

Coors Light Líderes

For 15 years, the program has emboldened Latino pioneers who, through their innovative leadership initiatives, have a transformational impact on the communities they serve, succeed personally and professionally, and serve as role models for the next generation of Latino leaders.

To apply, individuals can nominate themselves or others by filling out a simple form on the applicant’s impact on the community and the nonprofit organization they represent. Applicants must be Hispanic or Latino, between the ages of 21 and 39, and actively associated with a 501 (c) (3) nonprofit that has an impact on the Latino community. The recipients will be announced on October 13 and honored at a winners celebration in March 2022.

“The lack of funding and resources creates a steep climb for Latino nonprofit leaders and volunteers who work tirelessly for the betterment of their communities,” said Kayla Garcia, community affairs manager for Molson coors. “We want them to know that Coors Light is here to help them. We are committed to recognizing Latino leaders for their community impact and to continuing to help them achieve great things for years to come.”

Conquering the mountains also requires the ability to collaborate with like-minded leaders who share a passion for helping the community. To help grant recipients find more opportunities to network, learn and grow, Coors Light Líderes will also be welcomed into the Change Maker Network: a place where leaders can connect and collaborate with over 140 sharing pioneers. the same ideas.

Since the launch of the Coors Light Líderes program in 2006, fourteen Latin American nonprofit organizations have received more than $ 350,000 in grants. In addition to the positive impact of this program, there are other initiatives that the brand and its parent company are implementing to empower various drinkers. In 2020, Molson coors launched Project Justice, a program dedicated to empowerment, equity, community building and justice for BIPOC organizations. Since launch, $ 3 million has been donated to organizations serving BIPOC across the United States and Canada. Additionally, Coors Light has a long history of empowering black students by donating to HBCUs and fundraising for LGBTQ nonprofits through the Tap Into Change program.

Visit CoorsLightLideres.com for more information on the program and complete eligibility criteria. Follow Coors Light Líderes on Facebook.com/CoorsLightLideres, @CoorsLightLider on Twitter and @CoorsLightLideres on Instagram.

On Molson coors
For more than two centuries, Molson coors brewed drinks that unite people to celebrate all of life’s moments. From Coors Light, Miller Lite, Molson Canadian, Carling and Staropramen to Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky, Vizzy Hard Seltzer, Leinenkugel’s Summer shandy, Creemore Springs, Hop Valley and more, Molson coors produces many beloved and iconic beer brands. While the company’s history is rooted in beer, Molson coors offers a modern portfolio that also extends beyond the beer aisle. Our environmental, social and governance strategy is people and planet driven with a strong commitment to raising industry standards and leaving a positive footprint on our employees, consumers, communities and the environment. To learn more about Molson Coors Beverage Company, visit molsoncoors.com, MolsonCoorsOurImprint.com or on Twitter via @MolsonCoors.

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Aroostook hires Fort Kent CEO to handle $ 13 million in US bailout funds https://gnet.org/aroostook-hires-fort-kent-ceo-to-handle-13-million-in-us-bailout-funds/ https://gnet.org/aroostook-hires-fort-kent-ceo-to-handle-13-million-in-us-bailout-funds/#respond Tue, 24 Aug 2021 14:48:11 +0000 https://gnet.org/aroostook-hires-fort-kent-ceo-to-handle-13-million-in-us-bailout-funds/ madawaska-stevepelletier – cover-082321 FORT KENT, Maine – August 23, 2021 – Fort Kent CEO Steve Pelletier will step down to become ARP County Fund Manager. (Photo courtesy of Ryan Pelletier) FORT KENT, Maine – August 23, 2021 – Fort Kent CEO Steve Pelletier will step down to become ARP County Fund Manager. (Photo courtesy of […]]]>

Aroostook County has hired Fort Kent’s code enforcement officer Steve Pelletier to handle the more than $ 13 million US bailout funds.

FORT KENT, Maine – Aroostook County has hired Fort Kent’s code enforcement officer Steve Pelletier to handle the more than $ 13 million US bailout funds.

Pelletier will design the plan for distributing the money – much of which will go to cities – and will be responsible for the stringent compliance and reporting requirements associated with the funds.

The county has budgeted $ 450,000 for the position, which will be spent over five years on salary and benefits. It will be funded about 60% by the county and 40% by the towns of Aroostook who wish to use the services of Steve Pelletier, said county administrator Ryan Pelletier.

A total of 32 cities have pledged to share 2% of their municipal ARP allocation – separate money from the county and different amounts depending on the size of each city. Ryan Pelletier undertook to recruit only 20 cities to participate, a goal he has largely exceeded, but now expects many more to join him before Steve Pelletier leaves on September 13.

Aroostook isn’t the only county in Maine to hire an ARP fund manager: Penobscot brought in recently retired county administrator Bill Collins and York County also hired David Nalchajian, who began in early August.

Other counties are considering hiring, promoting someone in government, or expanding the duties of the county administrator to include managing ARPA money, said Lauren Haven, administrator of the county. Maine County Commissioners Association. The counties will likely announce their plans at the next county administrators meeting on September 8, she added.

County ARP money is heavily regulated by the federal government, and very few projects are eligible for funding – this is one of the main reasons many counties are considering getting people to focus. on compliance, Haven said. If a project doesn’t comply, the county could end up with the bill.

“No one has extra money like that to do these projects without it being funded,” she said. “We will make sure that all projects are [compliant]. “

After almost nine years as a Fort Kent Code Enforcement Officer, Steve Pelletier feels well prepared for his new role. He spent most of that time working on an addition to the Fort Kent Sampling Wall, which required coordination with several state and federal agencies, including the US Army Corps of Engineers, the Maine Department of Environmental Protection and the Maine Department of Transportation.

Steve Pelletier will stay on as a Code Enforcement Officer until October 29, when he will make a full transition to his new county role.

“It’s bittersweet to me,” said Pelletier. “I was planning to retire probably here, but this new position in the county really piqued my interest. “

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EDITORIAL: On infrastructure: Be careful what you want https://gnet.org/editorial-on-infrastructure-be-careful-what-you-want/ https://gnet.org/editorial-on-infrastructure-be-careful-what-you-want/#respond Sun, 22 Aug 2021 19:03:25 +0000 https://gnet.org/editorial-on-infrastructure-be-careful-what-you-want/ ANALYSIS / OPINION: Pollster David Winston has argued for some time that public support for infrastructure measures being considered by Congress has more to do with labeling than content. A poll he conducted in June found that the American people – Democrats and Republicans alike – largely rejected the idea that government spending will lead […]]]>

Pollster David Winston has argued for some time that public support for infrastructure measures being considered by Congress has more to do with labeling than content.

A poll he conducted in June found that the American people – Democrats and Republicans alike – largely rejected the idea that government spending will lead to economic growth. However, when the term infrastructure was introduced, its support as a measure of growth increased significantly. “Given this dynamic, it’s no wonder the Democratic strategy is to define everything in the context of infrastructure as much as possible,” he wrote.

The Senate has already approved a smaller bipartisan compromise than House Speaker Nancy Pelosi, D-Calif wants.

Their $ 1.2 trillion plan is heavier in funding for roads, bridges, airports and rail projects than the Liberals’ $ 3.5 trillion programs backed by AOC and Biden’s White House.

Neither bill is likely to pass easily, especially as Ms Pelosi’s insistence on the budget reconciliation bill that the progressives have championed is approved first. A few defective moderate Democrats could kill the measure, just as a few progressives could kill the bipartisan infrastructure bill. Ms Pelosi can only afford to lose three Democratic votes in her slim majority.

Both bills contain funds necessary for things for which the federal government is responsible. They also contain foreign measures that have nothing to do with roads, bridges and airports. It is a matter of concern. Rushing them as leverage to get votes for budget reconciliation would be a disservice to the American people. The price of either is too high – especially with more than $ 1 trillion in COVID-19 state emergency aid still unspent – and there are too many projects for pets to pass up even the compromise and bipartisan bill without extensive revisions.

Compromise legislation still funds large dubious programs like the $ 110 billion earmarked for climate change-related physical infrastructure repairs and $ 73 billion to fund clean energy as well as small ones like the $ 10 billion allocated To clean up the PFAS chemicals in our water, an effort that so-called environmental groups say must be a priority.

In truth, PFAS chemicals are far from the most significant problem facing U.S. rivers and water supplies. The EPA cites industry and agriculture, human and animal waste, and water treatment and distribution as common sources of drinking water contaminants, but does not mention PFAS in this context. Therefore, the need for their remediation is just a shining object that has caught the attention of the right mix of lawmakers, lobbyists, and congressional staff enough to get into the bill.

It might not be a problem if we didn’t have to worry about every penny the government spends now that the total debt exceeds a single year of US GDP. We need to focus on important issues such as adequate funding for the replacement of obsolete and unsafe lead water pipes.

Before doing more to move either infrastructure bill, Congress should carefully review what is already in it and reduce it even further. Funds poorly allocated to projects of special interest should be reprogrammed or, better, cut entirely. Limiting spending is important, even for important things.

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Here’s why the Navy is betting on wave energy research in Hawaii https://gnet.org/heres-why-the-navy-is-betting-on-wave-energy-research-in-hawaii/ https://gnet.org/heres-why-the-navy-is-betting-on-wave-energy-research-in-hawaii/#respond Sun, 22 Aug 2021 10:01:49 +0000 https://gnet.org/heres-why-the-navy-is-betting-on-wave-energy-research-in-hawaii/ Military and civilians Hawaiian researchers have stepped up efforts to harness the powerful waves and ocean currents off Oahu as a source of renewable energy. The Navy recently gave an infusion of $ 6 million to continue research on the sustainability of wave energy that has been taking place near the Marine Corps Base in […]]]>

Military and civilians Hawaiian researchers have stepped up efforts to harness the powerful waves and ocean currents off Oahu as a source of renewable energy.

The Navy recently gave an infusion of $ 6 million to continue research on the sustainability of wave energy that has been taking place near the Marine Corps Base in Hawaii since the early 2000s.

The focus is on the Navy’s wave energy test site in the waters near the Kaneohe Marine Base – the only grid-connected wave energy test site in the United States.

Hawaii – the most oil-dependent state – is exploring wave energy as a possible source to help meet its goal of relying on 100% renewable energy by 2045. The military is looking for ways to ‘more effectively fuel the increasingly concentrated forces on the Pacific as it battles China for influence.

The Fred Olsen Lifesaver wave energy converter is deployed at the Navy’s wave energy test site off Kaneohe. Courtesy of: Pat Cross / University of Hawaii

However, it is not clear how quickly wave energy could be available for practical uses, as the ocean offers as many obstacles as there are possibilities.

“It’s one of those technologies that has been ‘around the corner’ for a few years,” said Jeff Mikulina, executive director of the Honolulu-based Blue Planet Foundation.

The $ 6 million went to Applied research laboratory at the University of Hawaii, which is working with the university’s Hawaii Natural Energy Institute and the military to support testing through 2024 on how wave energy converters could deliver electricity to and off the grid.

“We were able to expand our team a bit. We have a number of graduate students now working on various aspects of wave energy, ”said Pat Cross, research specialist at HNEI. “The Navy’s investment has helped tremendously.

About half of the latest funding will go to off-grid testing wave energy converters that would generate and store energy. They operate on a smaller scale and might see practical applications sooner.

Cross said they could be used to power ships and drones at sea for ocean research, desalination technology or even aquaculture. “These funds kind of allow us to go internally within our team here at UH to get into some of these areas,” he said.

Harnessing the waves

Cross said the late Hawaii Senator Daniel Inouye played a key role in setting up the Navy test site. The Navy set up the test site in partnership with Ocean Power Technologies, which used the site to test various devices.

UH researchers got involved in 2008 after the university received funding from the Department of Energy. They began receiving funding from the Navy in 2014.

The search for cleaner, renewable energies has found a new urgency as heat waves and forest fires rage around the world.

Earlier this month, the United Nations released a report warning that failure to work immediately to reduce carbon emissions would lead to “irreversible” environmental and climatic consequences that could threaten human civilization.

Setting up wave energy systems can be a challenge. They must be in rough seas, which poses major logistical problems. And even when they can be installed and held in place, salt water can rust and corrode machinery.

“The ocean is famous for eating everything,” Mikulina said. “There’s a reason we have so much solar power in Hawaii and just one wave power site.”

Cross said teams are working on designing devices to balance sustainability, size, and the actual ability to generate power – and sometimes that requires conflict.

“This is the crux of the matter,” said. To cross. “By definition, you want to place them in dynamic environments where there are substantial waves, which makes it difficult.”

Researchers hope to harness Hawaii’s powerful waves as a source of clean, renewable energy. Anthony Quintano / Civil Beat

Wave energy research is relatively recent. Although it is generally regarded as a clean energy source, concerns have been expressed about possible unintended environmental consequences.

The UH team collected noise and acoustics data to determine if they could disrupt marine life, Cross said. “This is one of the important things that the Navy asks us to do,” he said.

“This is only my opinion, but the detrimental effects of not using wave energy, such as ocean acidification and climate change, outweigh what we so far consider to be minimal effects of deploying these things, “he added.

Mikulina ultimately sees promise in the potential of wave energy if it can be better developed for widespread use. “If you have a bunch of free energy and a bunch of free water, it’s a perfect match,” he explained.

The military has long been interested in renewable energy, but its environmental track record is uneven. The military currently burns more fuel than some entire countries and is one of the world’s largest carbon emitters.

Captain Eric Abrams, spokesperson for the Marine Corps base in Hawaii, said base personnel have worked closely with researchers at UH.

The Marine Corps ultimately hopes that research at the site “will create a renewable energy economy that will provide significant environmental and societal benefits and provide a secure energy supply.”

But it’s not just environmental concerns that have captured the military’s attention.

“The fuel tie”

Oahu is home to the Navy’s Pacific Fleet, which conducts frequent operations in the region.

The Covid-19 pandemic has severely disrupted global supply chains. Much of Hawaii’s electricity grid, which is shared by civilians and the military, relies heavily on imported foreign oil.

For the US military, the possibility of supply chain disruptions is a major concern. In times of war, the ability to resupply and replenish forces can quickly become a life or death concern.

Former Secretary of Defense James Mattis, a retired Marine General, said renewable sources could “free us from the fuel tie. “

The wave energy test site site is managed by the Naval Facilities Engineering and Expeditionary Warfare Center based in Port Hueneme, Calif., Which examines the development of technologies to support bases and operations overseas.

The WETS system has been connected to the Hawaii grid and has so far not been used to power military bases in Oahu. But that is changing.

“Next year, the WETS team will deploy the world’s largest WEC with the potential to deliver significant power to the MCBH grid,” said Abrams.

RIMPAC amphibious assault by US Marines.  The Hawaii Provisional Marine Expeditionary Brigade (PMEB-HI) is primarily made up of the III Marine Expeditionary Force units based in Hawaii.  July 30, 2016
The Marine Corps is reorganizing its forces for coastal and island combat in the Pacific region, where sustaining supply – and food – is critical. Cory Lum / Civil Beat

Nathan Sinclair, the Navy’s WETS project manager, said in an email that the military is preparing to conduct infrastructure tests as early as this fall. But the military also wants to extend this technology well beyond the bases in Hawaii.

Military researchers are particularly interested in the potential of smaller off-grid devices.

“While the supply of wave power to basic land-based power grids has yet to bear fruit, wave power may be the technical and cost-effective solution to delivering power to remote ocean locations,” for permanent monitoring and recharging of unmanned underwater vehicles, ”Sinclair said.

The Marine Corps is in the midst of a major effort to transform into a lighter-focused force on island and coastal battles. The commanders envision the Marines setting up remote operating bases with drones and anti-ship missiles.

Mikulina said that off-grid wave energy has obvious military applications, but also other fairly important applications ”, including the potential to produce hydrogen that could be used to power cars and other machinery on earth.

“There is immense power in the waves that surround Hawaii and around the world,” Mikulina said.


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The sustainable sustainable fund will double by Christmas https://gnet.org/the-sustainable-sustainable-fund-will-double-by-christmas/ https://gnet.org/the-sustainable-sustainable-fund-will-double-by-christmas/#respond Wed, 11 Aug 2021 03:33:00 +0000 https://gnet.org/the-sustainable-sustainable-fund-will-double-by-christmas/ The number of listed funds worldwide targeting ESG and socially responsible investing quadrupled in four years to beyond 2000, according to EPFR Global, a data provider. The combination of new funds, exceptional inflows and the rise in stock prices thanks to the pandemic has doubled the total assets of these funds over the past year […]]]>

The number of listed funds worldwide targeting ESG and socially responsible investing quadrupled in four years to beyond 2000, according to EPFR Global, a data provider.

The combination of new funds, exceptional inflows and the rise in stock prices thanks to the pandemic has doubled the total assets of these funds over the past year to just under $ 1.5 trillion.

Growing demands

“Financial advisers are receiving more and more requests from people who want to invest with their securities,” said Mr. Cottier.

“It is the younger generations, but also the older ones, who have accumulated wealth and want to use it in a way that helps the younger generation.”

The fund follows the S&P Small Ordinaries small caps accumulation and outperformed the benchmark in the most recent financial year, net of fees. Its 38 percent gain in the year through June 30 was 4.8 percent above its benchmark.

It invests in companies at the heart of the energy transition, such as clean energy groups, as well as in companies from the banking and insurance sectors to software and healthcare which are performing well in terms of ‘ESG indicators.

Meridian Energy, the New Zealand group that skyrocketed late last year, is an asset that helped fuel the fund, in part because it was in an energy exchange traded fund. clean popular among investors looking for a stock market game on Joe Biden’s green policies ahead of the presidential election.

If there is a company with a net zero emissions goal, the first thing they do is ask their suppliers what their net zero plan is.

Damian Cottier, portfolio manager at Perennial Better Future Trust

The company’s shares have climbed 80% since the start of 2020 to peak in January this year, before slowly slowing down as these ETFs reduced their positions in the group.

“Meridian Energy is one that we own and own at the time. We used [the spike in price] as an opportunity to sell and buy it again when the price has dropped, ”Cottier said.

Other holdings include medical device groups ResMed and Cochlear, health insurer nib, and local fintech Netwealth.

Net zero emissions goals, an increasingly important topic on the global affairs agenda, have also become a central focus of corporate sustainability goals, in part due to a strong push from institutional investors.

A report released Monday by the Intergovernmental Panel on Climate Change, a United Nations body, found that the 1.5-degree rise in global temperatures could strike within a decade. Australia, which has faced severe flooding, bushfires and temperatures in recent years, faces longer and hotter summers.

Despite the government’s refusal to adopt a specific net zero target, Australian companies, encouraged by strident institutional investors, are moving ahead.

“Companies are now proposing net zero targets,” Cottier said.

“It spills over into supply chains and [corporate] global investment decisions. If there is a company with a net zero emissions goal, the first thing they do is ask their suppliers what their net zero plan is.


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