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Salem and Gloucester County auto dealers support The Valerie Fund

2015-06-06 11:41:02| Auto Dealers - Topix.net

Following a very successful 2014 campaign, franchised auto retailers from across New Jersey are, again, partnering with The Valerie Fund to raise money for thousands of children with cancer and blood disorders. The New Jersey Auto Retailers Unite campaign will also highlight the incredible work auto retailers do in communities throughout New Jersey.

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Huge Pension Fund in Norway Will Divest Many of Its Coal Holdings

2015-06-05 19:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: The Norwegian Parliament has voted to sell off many of the coal-related investments in the governments massive $890 billion pension fund, a significant boost to the growing fossil fuel divestment movement. Norways sovereign wealth fund is the largest such government fund in the world, and parliament voted Friday to order the fund to shift its investments out of billions of dollars of stock in companies that rely at least 30 percent on coal. A spokesman for the firm that manages the governments...

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New U.N. climate fund to take risks to promote green tech

2015-06-05 16:52:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A new United Nations fund set up to help developing nations tackle climate change will take bigger risks than many international lenders to promote innovative green technologies, the head of the fund said on Friday. Hela Cheikhrouhou, executive director of the Green Climate Fund (GCF), told Reuters that donor pledges of $10.2 billion so far were a good start but only a fraction of the sums needed to curb greenhouse gas emissions and adapt to rising temperatures. The fund will take risks to...

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Climate fund rolls out amid hopes it stays green"

2015-06-04 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Inter Press Service: After a difficult infancy, the Green Climate Fund is finally getting some legs. The big question now is what direction it will toddle off in. Local ownership, sustainability and a firm commitment to clean energy are a few of the non-negotiable items if the Fund is to be a success, civil society groups stress."Allowing so-called climate financing for projects that are slightly less dirty than a hypothetical alternative is a sure way to game the system." -- Karen Orenstein "The GCF board is aiming...

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UPDATE 2-US fund Elliott challenges Samsung Group restructure move

2015-06-04 10:04:18| Chemicals - Topix.net

An activist U.S. hedge fund on Thursday threw a spanner in the works of Samsung Group's restructuring by opposing a merger which would allow the controlling Lee family to consolidate their holdings ahead of a successional change of leadership. In a rare instance of investor activism in South Korea, hedge fund Elliott revealed it had built a major stake in construction firm Samsung C&T Corp and announced its opposition to Cheil Industries Inc's $8 billion takeover offer.

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