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Norfolk Southern rejects Canadian Pacific's $29bn takeover bid

2015-12-07 01:00:00| Railway Technology

US rail company Norfolk Southern (NS) has rejected a takeover offer of more than $29bn from Canadian Pacific (CP), saying the valuation is grossly inadequate and not in the best interests of the company and its shareholders.

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World Bank pledges $29bn green aid; Morocco hosts EU climate summit

2015-10-11 22:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: Late Friday the World Bank announced was boosting its climate finance offering from 21% up to 28% of the groups funding -- with support of its members (188 countries). The pledge means funds could potentially rise from a projected $16 billion in 2020 to $29 billion, and also means theres also progress towards generating $100 billion a year by 2020 to help poor countries cope with future impacts. We are committed to scaling up our support for developing countries to battle climate change,...

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World Bank pledges extra $29bn to poorer nations for climate change fight

2015-10-10 07:34:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The World Bank has pledged to boost by up to $29bn the financial assistance pledged to poorer nations to cope with climate change, bringing closer the possibility of reaching a target of $100bn a year by 2020. Jim Yong Kim, the president of the World Bank Group, said it could boost funding by a third, from 21% to 28%, in response to client demand. He spoke at a meeting of the World Bank and the IMF in Lima, Peru. As we move closer to Paris countries have identified trillions of dollars of climate-related...

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