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Unregulated ‘greenwashing’? ESG investing is under the microscope as the money rolls in

October 14, 2020

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The coronavirus pandemic has shone yet more light on how investors allocate their money and how company operations influence our societies.
But there are questions about whether ESG is really effective in improving and supporting our communities.
A portfolio manager told CNBC that companies can “hide” their actual carbon footprint by outsourcing parts of their production process.

Is sustainable investing just a marketing ploy?

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LONDON — There’s growing appetite to invest in a more sustainable way, but experts warn that transparency is needed in this space if it’s to really do any good for the planet.

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ESG (environmental, social and corporate governance) describes investments made with an aim to contribute to a better environment, society or workplace and it’s becoming increasingly popular. The share of global investors that have applied ESG criteria to at least a quarter of their total investments has jumped

Union, Cerrejon deadlocked over benefits, ‘death shift’ as strike rolls on

October 9, 2020

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By Julia Symmes Cobb

BOGOTA, Oct 9 (Reuters) – Proposed changes in benefits, a new schedule referred to as the ‘death shift,’ and job losses are the sticking points in talks to end a more than five-week-long strike at Colombian coal mine Cerrejon, the company and its largest union say.

The two sides this week held individual talks with the labor ministry, the first phase in a plan proposed by the government to break the impasse as the stoppage approaches its fortieth day.

The company, owned equally by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, has denied mass job cuts and benefit eliminations. The prospective shift change is key to keeping Cerrejon competitive amid its lowest export figures in 18 years and prices equivalent to 2004 levels, it added.

Cerrejon also insists the shift change – a move from a previous schedule where workers had

Boom Supersonic Rolls Out Demonstrator Aircraft in Bid to Break Sound Barrier | Technology News

October 7, 2020

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(Reuters) – Boom Supersonic on Wednesday unveiled its first demonstrator aircraft X-B1, which is scheduled to begin flight testing next year, in a milestone for the U.S. startup planning a commercial airliner that can conquer the sound barrier.

A handful of U.S. companies https://fr.reuters.com/article/us-airplane-supersonic-airports-idUSKCN1SL2IF are vying to bring back supersonic passenger travel which died out with the Anglo-French Concorde’s retirement in 2003.

Today’s planned supersonic jets, while quieter and more fuel efficient than the Concorde, are under pressure from environmentalists and airports to meet noise levels and carbon emissions standards for conventional planes.

Denver-based Boom said in a release that XB-1 will undergo a carbon-neutral flight test program which is to start next year in Mojave, California.

XB-1 has a 71 foot-long (21.6 m) fuselage, a carbon-composite airframe and three GE-designed J85-15 engines, the statement said.

The aircraft’s first flight is targeted for the backhalf of 2021, with entry-into-service of

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