‘Wasted Capital’ in Planned Coal-Plant Buildout Outside U.S. and Europe

first_img‘Wasted Capital’ in Planned Coal-Plant Buildout Outside U.S. and Europe FacebookTwitterLinkedInEmailPrint分享Lauren Bellero for SNL:Coal-fired power plant retirements are growing on a global scale, led by those in the U.S. and Europe, but the retirements are not happening quickly enough to counteract the building of coal plants in other parts of the world, according to a new report from the Sierra Club, Greenpeace and CoalSwarm.Globally, 338 GW of new coal capacity is under construction and 1,086 GW is in various stages of planning, which is equal to about 1,500 coal plants and close to $1 trillion of potentially “wasted capital,” according to the report’s authors.The report, “Boom and Bust 2016: Tracking the Global Coal Plant Pipeline,” released March 29, said levels of coal plant retirements around the world are equal to only about a fifth of the amount of new plants being built and that the U.S. and Europe still produce much more carbon dioxide per capita compared to the global average.Hundreds of coal plants are being built or developed worldwide, despite coal plant usage rates declining, with China’s at less than 50%, according to the report. “Falling utilization rates in coal plants — the percentage of maximum output actually achieved — are symptoms of excess capacity and overbuilding,” the report said.Coal-fired power plants have been built in 33 countries since 2010, but only eight countries have added more than 2,000 MW of capacity, the majority of which can be attributed to China and India, the report said.However, renewable energy is now “cost-competitive” with new coal capacity in most regions, according to the report. Wind and solar photovoltaic power now surpass coal power installations globally due to falling costs, the report said. Global wind power installations in 2015 came in at 63 GW and solar PV at 59 GW and only 84 GW of new coal power capacity was installed in 2015.“If redirected toward wind and PV, the projected $981 billion capital investment needed to implement the projects in the current coal pipeline could greatly accelerate the transition to clean energy,” the report said.Full article ($): Green groups: Planned coal capacity equals nearly $1 trillion in ‘wasted capital’last_img read more

Brazil’s Bolsonaro says coronavirus restrictions kill economy

first_imgBolsonaro, who announced he tested positive for COVID-19 on July 7, met his supporters in the grounds of his official residence, the Alvorada Palace, in Brasilia.The president was wearing a mask and kept some meters) of distance from his supporters.Bolsonaro said he is feeling well, despite the virus, and again credited his health to the use of hydroxychloroquine to fight COVID-19, despite no scientific evidence. “I am a living proof [that the drug works],” he told supporters.Besides hydroxychloroquine, the far-right president said he is also taking an anti-parasite drug to fight coronavirus.Brazil registered 28,532 new confirmed cases of the novel coronavirus and 921 new deaths on Saturday, the health ministry said. Total cases in Brazil, the world’s second most affected country after the United States, have now risen to 2,074,860 while deaths totaled 78,772.  Topics : Brazilian President Jair Bolsonaro said on Saturday that lockdown measures used to curb the spread of the novel coronavirus “kill” and have “suffocated” the country’s economy.”Without salaries and jobs, people die,” he said referring to restrictions imposed by some states and municipalities. “Lockdown kills,” he added, saying that some politicians have suffocated the economy with forced curfews.The president’s statement comes as Brazil’s economy is expected to contract 6.4% this year, hit by the pandemic.last_img read more

FA Cup third round draw: Liverpool vs Everton; Man Utd vs Wolves; Arsenal vs Leeds United

first_img Comment The FA Cup third-round draw has a host of interesting ties (Getty Images)Liverpool host Everton in the third round of the FA Cup while Manchester United will travel to Wolves and Arsenal will host Leeds United at the Emirates Stadium.Manchester City, who won the trophy last season, have been given a home tie against League Two side Port Vale.Eight-time winners Chelsea have also been given a tie at home as they welcome Nottingham Forest to Stamford Bridge.Jose Mourinho’s Tottenham are on the road as they travel to Championship strugglers Middlesbrough.ADVERTISEMENTThe third round ties take place between 3-6 January. FA CUP THIRD ROUND DRAW Leicester City vs Wigan AthleticQPR vs Swansea CityFulham vs Aston VillaChelsea vs Nottingham ForestWolves vs Manchester UnitedCharlton Athletic vs West BromRochdale or Boston Utd vs Newcastle UnitedCardiff City vs Forest Green Rovers or CarlisleOxford United vs Exeter or HartlepoolSheff Utd vs AFC FyldeSouthampton vs HuddersfieldLiverpool vs EvertonBristol City vs ShrewsburyBournemouth vs Luton TownBrighton vs Sheff WedsBristol Rovers or Plymouth vs Coventry or IpswichEastleigh or Crewe vs BarnsleyMan City vs Port ValeMiddlesbrough vs TottenhamReading vs BlackpoolWatford vs TranmerePreston vs Norwich CityMillwall vs NewportCrystal Palace vs DerbySolihull Moors or Rotherham vs HullBrentford vs StokeFleetwood vs PortsmouthArsenal vs Leeds UnitedGillingham vs West HamBurton Albion vs NorthamptonBurnley vs PeterboroughBirmingham City vs Blackburn Advertisement Metro Sport ReporterMonday 2 Dec 2019 7:25 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.4kSharescenter_img FA Cup third round draw: Liverpool vs Everton; Man Utd vs Wolves; Arsenal vs Leeds United Advertisement Elsewhere, National League side AFC Fylde have been rewarded for reaching the third round with a trip to Premier League high-flyers Sheffield United.AdvertisementAdvertisementWest Ham travel to Gillingham, while Aston Villa travel to Craven Cottage to face Fulham.More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errorslast_img read more

Waterfront home in Helensvale ideal for raising a family with spacious layout

first_img10 North Bank Court HelensvaleTHIS Helensvale property was the perfect place to welcome home a newborn, according to homeowners Jodie and Charles Pace.The family who bought the waterfront home in 2009 said the purchase was in the right place at the right time. 10 North Bank Court Helensvale“My husband loves the deep waterways, our canal is one of the deepest in the Riverlinks estate and are directly off the Coomera River,” Mrs Pace said.“It has a sense of indoor and outdoor living. 10 North Bank Court HelensvaleThe flow of the house is just divine and built to suit the warm climate of the Gold Coast, as the house is very cool during the hot summer months.”Located at 10 North Bank Court the home embraces a waterfront lifestyle with a pool and a 10m pontoon. 10 North Bank Court Helensvale“We purchased this property when we were expecting our first child,” Mrs Pace said.“I am a sucker for a quaint cul de sac where your kids are safe to ride their bikes and your neighbours are proud of their street. It creates a community type feel and we will continue to have relationships with our neighbours long past us residing there.”Mrs Pace said the home ticked a number of boxes for her when the family first spotted the house, one of these was that the home was sprawled out on a one level. 10 North Bank Court Helensvale“One of my favourite features is ease with access,” the mother said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“With the property being on one level, you can enter through the front courtyard gate and float through all the without any steps.“The block is one of the largest blocks in the estate as well.” 10 North Bank Court HelensvaleMrs Pace said the first thing she noticed about the design was the open plan living.“The open living areas are accentuated by the high ceilings and the timber bi-folds doors open up to showcase the large outdoor living areas, the pool and the waterways. 10 North Bank Court Helensvale“The house has a beautiful north facing courtyard and during winter its one of my favourite places to go for a bit of sunshine.” The home oozes sophistication with a grand stone and timber entrance.High ceilings with a mix of tiled and polished hardwood timber floors add to the ambience while cedar bi-fold doors open to a waterfront terrace complete with a built in outdoor kitchen.last_img read more

PGGM to drop client as occupational scheme admin arm fails to grow

first_imgA PGGM spokesman said that the provider’s ambition to attract new customers would not be put on ice, but emphasised that future relationships must have mutual benefits of scale.PGGM said the decision not to extend the contract with Loodsen would not have consequences for another administration client, the €10.4bn occupational pension fund for general practitioners (SPH).SPH also said that it didn’t see a reason why PGGM would cease its services the scheme.PGGM compensates Loodsen for admin errorsThe pilots’ scheme cited a few incidents with PGGM’s administration, involving mistakes in uniform pensions statements last year.According to Loodsen, a check of the rectified errors, supervised by KPMG and PGGM’s internal audit, had revealed a number of new faults, leading to another new check this year.Loodsen said that the additional workload at the scheme as a result of the errors had been financially compensated by PGGM.Loodsen said it would move its board support to pensions provider MN next year, in part because it already works with the €3.8bn pension fund for the merchant navy (Koopvaardij).Rajesh Grobbe would become director of its new administrative office, joining from Koopvaardij, the scheme added.Loodsen, which had been a client of PGGM since 2015, has almost 700 active participants. It has outsourced its asset management to Robeco Institutional Asset Management (RIAM). The Dutch occupational scheme for marine pilots is seeking a new administrator after PGGM said it would not extend its contract beyond 2020.The €899m scheme, Loodsen, told members that PGGM cancelled the deal because it had not succeeded in attracting enough other occupational schemes to give it the benefit of scale.The provider confirmed to IPE’s sister publication Pensioen Pro that it could not offer sufficient benefits of scale to the pension scheme as its growth strategy – formulated in 2014 – had failed to meet its target.Since 2014, PGGM has facilitated regular consultations between 10 occupational schemes, including the pension funds for pharmacists (SPOA), notaries (Notariaat) and medical consultants (SPMS), without results.last_img read more

Eni gets nod for Ehecatl well offshore Mexico

first_imgItalian oil company Eni has received an approval to drill an exploration well in the shallow waters offshore Mexico.The country’s oil and gas regulator Comisión Nacional de Hidrocarburos (CNH) last week gave its nod for Eni to drill the Ehecatl-1 exploration well in the Block 7.Eni got hold of the block as part of the licensing round in 2017. Eni’s partner in the Block, Cairn Energy, said earlier this month that the spud of the Ehecatl was scheduled for November.Cairn exploration director Eric Hathon said Eni would drill the Ehecatl well following the Saasken well in Block 10 scheduled to spud this month.Hathon said:” Ehecatl is a very robust structure, being a three-way trapped against salt, and it’s targeting also lower Miocene sands, which again have been rarely penetrated in the basin. So success here will open up a whole new play. ”The well is expected to be drilled to a total depth of 4,400 meters, in a water depth of around 420 meters, taking around 70 days to complete. It is targeting gross mean prospective resources of ~140 mmboe, according to CairnOffshore Energy Today reached out to Eni, seeking more info on the Ehecatl plans and expectations, but Eni’s spokesperson declined to provide further info saying “we do not provide such info at this time.”Eni in July started the early production phase from the Miztón field in Area 1, located in the Campeche Bay offshore Mexico, and is the first international company to start offshore production in Mexico after the Energy Reform.last_img read more

The Call for Caribbean Literature Day – July 12, 2020

first_img Share Share Tweet The House of Nehesi Publishers, on the occasion of the 18th annual St. Martin Book Fair, is hereby inviting all writers, aspiring writers, literary festivals, book clubs, journals, creative writing programs, and all creative artists, institutions, and media of the Caribbean region; all Caribbean peoples; and all lovers of Caribbean writings, authors, and books, from everywhere in the world, to join us in celebrating:July 12 as Caribbean Literature Day.We envision this day as the first pan-Caribbean literature day, celebrating the roots, range, and excellence of writings and books across the language zones of our region.Celebrate the day by reading the works of your favorite Caribbean authors; buying Caribbean books, published in the Caribbean and beyond, and by Caribbean authors; and presenting Caribbean books as gifts.Celebrate the day with books, recitals, and with discussions about books, of poetry, fiction, drama, art, music, and all the other genres by Caribbean writers.458 years ago, on July 12, 1562, the Spanish Franciscan priest and bishop of Yucatán, Diego de Landa, with soldiers and colonial authorities in attendance, burned the sacred books of the Maya people.As July 12 marked the destruction of the first known books and library containing knowledge spanning millennia in the widest space of this region, we are inviting all of you to grace this day with the attributes of the Maya Itzamna’s creative force of writing, of Legba, the opener of the gates of languages, of a brilliant phoenix, and now celebrate Caribbean literature, one of the world’s youngest and most resilient literatures, which continues to flourish within the same region that had at its most ancient recorded foundation, encoded and written in books, the orature and literature of a great people.Have a happy Caribbean Literature Day, to everyone in every Caribbean country and territory, to everyone in what George Lamming called the Caribbean’s external frontiers and around the world.Long live Caribbean Literature! Sharing is caring! Share EducationLifestyleNewsRegional The Call for Caribbean Literature Day – July 12, 2020 by: – June 18, 2020 Lasana M. Sekou (2nd R), writer and HNP publisher, calls for “Caribbean Literature Day – July 12, 2020” at the St. Martin Book Fair – Closing Ceremony 2020 (live broadcast on Facebook). In photo: Book Fair Coordinator Shujah Reiph (R); Book Fair Committee members (and baby); and personnel of Computech, sponsor of the virtual edition of the island-wide literature festival, which drew 34 authors and presenters from the Caribbean, North and South America, Africa, and Europe. (© CLF/HNP photo.)Statement at Closing Ceremony of the 18th annual St. Martin Book Fair 2020 29 Views   one commentlast_img read more

GOVERNMENT TO FUND ROAD REHABILITATION WORKS IN MARIGOT

first_img Share Residents of Marigot can expect infrastructural works to commence within the community shortly. This was disclosed by the Hon. Prime Minister, Roosevelt Skerrit as he addressed a recent Village Council swearing in ceremony at Marigot. According to the Prime Minister, the Government will commit itself to two (2) road projects in the Marigot constituency.“I would like to commit the Government to two (2) projects. The first project which initially we had visited is the Fine Grass Project. I have travelled the Fine Grass Road and recognised that there are some parts of this road that are in a deplorable condition. We will give a commitment as we have done in the past, Mr. Chairman. We will put the monies in the hands of the council as I believe councils make better use of resources than even Central Government sometimes.Once you have completed the Fine Grass Road, I will commit the Government to the Over Gutter Road for a complete rehabilitation of the said road. I give you the assurances that before the end March, the council will have the funds for the Fine Grass Project.”Not only will this benefit residents traversing to and from Marigot but these projects will also incite employment opportunities. As stated in the 2010-2011 budget address, infrastructural works continue to dominate the capital programme, as government continues to lay the platform for future economic growth.Source: Pearle Fontaine GIS News LocalNews GOVERNMENT TO FUND ROAD REHABILITATION WORKS IN MARIGOT by: – March 14, 2011 Tweet Sharecenter_img Share Sharing is caring! 24 Views   no discussionslast_img read more

Bacolod gets 87% rating on road-clearing ops

first_imgThe validation team was composed ofDILG-6 director Engr. Ariel Iglesia, DILG- Iloilo City director Roy Defiño,Senior Fire officer 2 Frankie Guillen, chief of operations of the Bureau ofFire Protection—Bacolod City Fire Station, Lieutenant Gary Buaron, deputy chiefof Operation Section of the Bacolod City Police Office, and Crispin Chua,director of the Metro Bacolod Chamber of Commerce and Industry. “We thank our barangay captains andofficials who worked so hard with DILG, police officers and City officials andothers to achieve this daunting task. We also appeal to those affected fortheir understanding and cooperation to comply with the President’s directive toclear roads and alleys from obstruction,” the mayor said.   BACOLOD City – This city received an87-percent rating from the Department of the Interior and Local Government(DILG) for its road-clearing drive, heeding President Rodrigo Duterte’sdirective to reclaim roads that are being used for private ends. On Tuesday, a day before the validation began, Leonardia said that based on the reports of barangay captains, a total of 11,099 of 11,799 illegal structures in Bacolod have been demolished. Some of those not removed have legal issues.center_img “The removal of 11,099 structures is not a joke, so we have to give credit to our barangay officials for having done these. Although it’s not perfect, it’s almost perfect,” he said. (With Bacolod City PIO/PN) Mayor Evelio Leonardia disclosed thisafter the two-day inspection of DILG Region 6’s validation team.  last_img read more