Who Will Invest in Clean Energy? Big Money Will

first_imgWho Will Invest in Clean Energy? Big Money Will FacebookTwitterLinkedInEmailPrint分享Bloomberg New Energy Finance:People who invest in the world’s energy systems often want to know how many trillions of dollars will be needed to finance renewable energy and natural gas. One way to find the answer is to look at what those who have already invested trillions of dollars want to happen as the world transitions to a lower-carbon power system and electrifies transportation.A look at the numbers shows that the first thing they want is scale. The 10 largest institutional asset managers each manage more than $1 trillion; the largest, BlackRock Inc., manages nearly $6 trillion. Trillions of dollars of investor supply naturally need trillions of dollars of asset and company demand.Fortunately for energy, it has such a demand. Bloomberg New Energy Finance estimates that zero-carbon power generation will attract almost $9 trillion in investment between now and 2040.Increasingly, the suppliers of that institutionally managed money want to know how their portfolios will affect climate change. Earlier this year, David Fickling took a smart look at the largest asset managers and found that most of the 20 biggest ones back shareholder resolutions on climate and sustainability. Such resolutions are becoming far more common, too: This year, investors have filed 189 climate and sustainability resolutions with U.S.-listed companies — as many as in the previous five years combined, according to Ceres’ climate and sustainability resolutions database.And then there’s yield. Investors are still piling into U.S. energy high-yield debt, which mostly funds oil and gas exploration and production. As Liam Denning noted in August, even this risky part of the energy bond market still yields in the range of only 6 to 7 percent.A decade ago, the yield from U.S. energy fixed income would have been comfortably investment-grade, according to the International Monetary Fund’s October Global Financial Stability Report. In 2007, all but a very small proportion of corporate debt yielded more than 4 percent, and not a dime of securitized or collateralized debt yielded below 4 percent. Ten years ago, “only” $3.4 trillion of investment-grade fixed income yielded below 4 percent.Things look rather different now. According to the IMF, there is now just under $40 trillion of investment-grade fixed income yielding below 4 percent, including more than $5 trillion with a negative yield.This yield distribution, then, is what anything needs to beat to be considered “high yield.” 2007’s investment-grade yield is today’s risky yield; today’s low-risk yield is barely any yield at all, and could even be a negative yield.There’s plenty of money out there to create renewable technologies, and its institutional investors want more than lower-carbon investment strategies. They also are seeking to beat very low investment-grade yields.In 2007, when renewable technologies were expensive compared with conventional energy, and when shale gas just a glimmer in the eye of the U.S. oil patch, there may have been a funding gap. Today, we’re dealing with something more addressable: a simple matter of allocation. Trillions of dollars are needed; trillions of dollars exist. It’s just a matter of aligning supply and demand.More: Who Will Fund Clean Energy?last_img read more

Notice

first_img NOTICE Legislative Action Under Rule 2-9.3 (b) – (e), Rules Regulating The Florida Bar, active members of the Bar may file a specific objection to any legislative position adopted by the Board of Governors.Objections properly filed within 45 days of this News issue will be considered for a refund of that portion of mandatory membership fees applicable to the contested legislative position, within an additional 45 days. The Bar’s governing board has the option to grant the appropriate refund to an objector or to refer the matter to arbitration.The arbitration process will determine solely whether the legislative position is within those acceptable activities for which compulsory membership fees may be used under applicable constitutional law. The objecting member’s fees allocable to the contested legislative position will be escrowed promptly upon receipt of the objection, and any refund will bear legal interest.Any active member may provide written notice to the executive director of The Florida Bar, setting forth an objection to a particular legislative position. Failure to object within 45 days of this News issue will constitute a waiver of any right to object to a particular legislative position within this notice.The policy requires the Bar to notice such legislative positions in the next available News issue following their adoption.Pursuant to Standing Board Policy 9.20, on January 28, 2005, the Board of Governors approved the following positions of The Florida Bar:12. Supports increases in state judicial salaries consistent with the 2005 recommendations of the Florida Conferences of District Court of Appeal, Circuit Court, and County Court judges. First Circuit YLD board seat open The Florida Bar’s Young Lawyers Division is now accepting applications to fill a vacancy on its board of governors representing the First Judicial Circuit.The successful candidate will fill a two-year term beginning June 24.Anyone interested in being considered for appointment to this seat should send a letter of interest and a brief resume to Austin Newberry, YLD administrator, The Florida Bar, 651 E. Jefferson St., Tallahassee 32399-2300, no later than March 1. Wakefield petitions for Florida Bar reinstatement Pursuant to Rule 3-7.10, Stanley Craig Wakefield has petitioned the Supreme Court for Bar reinstatement.Wakefield was suspended for six months pursuant to a February 19, 2002, court order for various trust account violations and failing to properly supervise his nonlawyer staff.Anyone having knowledge bearing on Wakefield’s fitness or qualification to resume the practice of law should contact Kenneth Bryk, Bar Counsel, 1200 Edgewater Dr., Orlando 32804-6314, (407) 425-5424. Manslaughter instruction amendments At the request of the Florida Supreme Court, the Committee on Standard Jury Instructions in Criminal Cases has submitted to the court a report proposing a comment to be added to Florida Standard Jury Instruction (Criminal) 7.7, Manslaughter. The court invites all interested persons to comment on the committee’s proposal, which is reproduced in full below, as well as online at www.floridasupremecourt.org/decisions/proposed.shtml. An original and nine paper copies of all comments must be filed with the court on or before March 17, with a certificate of service verifying that a copy has been served on the committee chair, Judge Dedee S. Costello, Bay County Courthouse, P.O. Box 1089, Panama City 32402-1089, as well as a separate request for oral argument if the person filing the comment wishes to participate in oral argument, which may be scheduled in this case. Electronic copies of all comments also must be filed in accordance with the court’s administrative order In Re: Mandatory Submission of Electronic Copies of Documents, Fla. Admin. Order No. AOSC04-84 (Sept. 13, 2004). Please label envelope to avoid erasure. IN THE SUPREME COURT OF FLORIDA STANDARD JURY INSTRUCTIONS IN CRIMINAL CASES – INSTRUCTION IN MANSLAUGHTER CASES, CASE NO. SC04-2488 PROPOSED COMMENT 7.7 MANSLAUGHTER § 782.07, Fla. Stat. To prove the crime of Manslaughter, the State must prove the following two elements beyond a reasonable doubt: 1. (Victim) is dead. Give 2a, 2b, or 2c depending upon allegations and proof 2. a. (Defendant) intentionally caused the death of (victim) . b. (Defendant) intentionally procured the death of (victim) . c. The death of (victim) was caused by the culpable negligence of (defendant) . However, the defendant cannot be guilty of manslaughter if the killing was either justifiable or excusable homicide as I have previously explained those terms. Give only if 2b alleged and proved To “procure” means to persuade, induce, prevail upon or cause a person to do something. Give only if 2c alleged and proved I will now define “culpable negligence” for you. Each of us has a duty to act reasonably toward others. If there is a violation of that duty, without any conscious intention to harm, that violation is negligence. But culpable negligence is more than a failure to use ordinary care toward others. In order for negligence to be culpable, it must be gross and flagrant. Culpable negligence is a course of conduct showing reckless disregard of human life, or of the safety of persons exposed to its dangerous effects, or such an entire want of care as to raise a presumption of a conscious indifference to consequences, or which shows wantonness or recklessness, or a grossly careless disregard for the safety and welfare of the public, or such an indifference to the rights of others as is equivalent to an intentional violation of such rights. The negligent act or omission must have been committed with an utter disregard for the safety of others. Culpable negligence is consciously doing an act or following a course of conduct that the defendant must have known, or reasonably should have known, was likely to cause death or great bodily injury. Give only if 2(a) alleged and proved, and manslaughter is being defined as a lesser included offense of first degree premeditated murder In order to convict of manslaughter by intentional act, it is not necessary for the State to prove that the defendant had a premeditated intent to cause death. Trial judges should carefully study Eversley v. State, 748 So. 2d 963 (Fla. 1999) in any manslaughter case in which causation is an issue. February 15, 2005 Regular News Noticelast_img read more

A storm’s brewing: build your data reserves!

first_imgRecently, in my native state of Minnesota, a winter storm warning caused people to panic. Many people rushed to their local retailer for common household goods like fuel and food. They needed to store up different essentials in case they got stuck in their homes. It is amazing to see how people prepare when they know there is a storm brewing. Credit unions, similarly, are on the verge of a storm. Regulations and lending clubs are the main threats. Lending clubs are using data to steal members from credit unions while regulations are requiring more detailed (and forward looking) reporting. Lending clubs continue to take market share from credit unions without any physical branches. At the same time, the Financial Accounting Standards Board (FASB) has recently introduced a new regulation for calculating ALLL (Allowance for loan and lease losses), current Expected Credit Loss (CECL), and will require credit unions to account for the expected credit losses over the life of every loan. Credit unions must begin building their data reserves to support future decisions needed to serve their members. In order to comply with regulations and implement predictive analytics to stave off competition, credit unions must build a large data reserve.Analytic Data ModelIn order to prepare for regulations and defeat lending club competition, credit unions must begin storing their data. Deciding how to store data is a crucial strategic decision many credit union leaders are overlooking. Simply storing data in an archive is not enough. Data must be effectively integrated across systems to make sense of it at the organizational level. Executives do not want to know what data is in a loan origination system or a CRM database. They want to know what happened across the business over a period of time. Building an analytic data model (ADM) that syncs the business with its data is essential in preparing the data reserve. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Developer changes plans to meet demand for large penthouse-style units

first_imgDemand for large penthouse-style apartments has prompted the developer to reconfigure one entire block.“We knew this project would be popular, everything from the location, views, design and value for money has really resonated with buyers,” development director Alex Rigby said. “The true test is always when it hits the market and it’s pleasing that we’ve had such a good mix of stock sold to a wide range of buyers.” The majority of more affordable stock around the parklands and cafe have now sold, Mr Rigby said. Apartments with Lake Weyba views are also selling well.“Due to the demand for large, four-bedroom, penthouse-style apartments, we have decided to reconfigure one of the buildings within the Luxury Parkridge Terraces to ensure we have enough of this stock to meet the growing number of buyers wanting a spacious residence with plenty of room to entertain guests,” Mr Rigby said. Parkridge Noosa is the result of a collaboration between the developeMore from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Parkridge Noosa L-R Developers Alex Rigby and Rob McCready with sales consultant Jeremy Gilmore from 360 Propertyr and local designers and architects, who took their inspiration from the environment.Blackburne Jackson director Rohan Jackson said the design brief was based around creating a luxurious modern living destination which reflected the Noosa lifestyle and the natural context in which it was located.“We pay homage to Noosa’s light, bright, balmy days and its relaxed energy,” he said. Sales consultant Jeremy Gilmore from 360 Property Group said Parkridge Noosa was proving particularly popular with local buyers.He said the site’s location, which is surrounded by Girraween Nature Reserve, Noosa National Park and has 180 degree views of Lake Weyba, ensured privacy.“Within Parkridge there is a range of quality communal facilities including a large gymnasium, 25m lap pool, restaurant and cafe, a local providore and over 2500sq m of lush parkland to relax, exercise or socialise,” he said. “It’s also just minutes away from Noosa’s stunning beaches, world class restaurants, cafes and boutiques as well as local entertainment, sporting and cultural centres.” Parkridge Noosa consists of two, three and four bedroom apartments and villas located on the last major undeveloped block in the Noosa Springs master planned community.The developers behind a luxury residential project will reconfigure one entire block to meet the demand for large penthouse-style apartments in Noosa.Peregian Beach-based Altum Property Group and Thakral Capital are constructing Parkridge Noosa, and have fast-tracked stages due to strong sales.center_img Paint Right store owner Phil Fortington has secured a terrace apartment. He said he had seen many new developments but Parkridge Noosa was “one of the best ones that I have come across”.“My partner Jos and I have been looking at some properties to live in around Noosa, including Noosaville and Sunrise Beach, but nothing matched what we could find at Parkridge Noosa,” he said. “The design of the apartments is great, the 180 degree water views of Lake Weyba are stunning and best of all it is privately tucked away from the hustle and bustle of Noosa and yet it’s just a few minutes from Noosa Junction and Hastings Street. “Jos loves to swim and there’s a great pool within the community, I am a keen golfer and with the Noosa Springs Golf Course right next door it’s absolutely ideal.“We also love the fact that we’ll have our own cafe, convenience store and gym within the development so it’s very similar to the facilities that we enjoyed at the Hyatt when it was at its prime when we lived in Coolum.”Prices start from $705,000. Four bedroom villas with Lake Weyba views range up to $2.5 million.last_img read more

JoAnn Parsons, 80, Oxford: April 28, 1933 – Aug. 10, 2013 (updated)

first_imgJo Ann ParsonsJoAnn Parsons, 80, died August 10, 2013, at her childhood home and residence with her husband, Darl of Geuda Springs for the past 45 years. She was born April 28, 1933, in Winfield, Kansas, the daughter of John L. and Ivah M. (Notestine) Paton.A resident of the Oxford area her entire life; She was a graduate of Oxford High School in 1951. JoAnn attended Emporia State Teachers College for one year. She was employed by the Oxford Bank and the Oxford and Geuda Springs Post Office for many years as well as a devoted wife and mother. Jo Ann enjoyed fishing, bird watching and loved nature.On May 2, 1953, she married Darl Parsons. He survives. Other survivors include her sister Ila Skinner of Belle Plaine; two daughters Judi Parsons of Independence, MO and Barbara (Steven) Dietz of Merriam, KS; son, Scott Parsons of Wichita and two grandchildren; Brian Parsons and Joshua Parsons both of Overland Park with two great-grandchildren, Edie Parsons and Graham Parsons, nephews, Jerry Skinner and Ron Hilfinger and neice, Margo Hilfinger.She was preceded in death by her parents and a sister, Lovina Hilfinger and son, Mike Parsons.Memorial Services will be held at 2:00 P.M., on Saturday, August 24th at the Oxford United Methodist Church in Oxford. A memorial has been established with the Chapin Nature Center in Arkansas City, KS. Contributions can be left with the Oxford Funeral Service, 104 N. Sumner, Oxford, KS 67119. www.oxfordfuneralservice.comlast_img read more