Bank of the West moves forward with fossil divestment plans

first_img FacebookTwitterLinkedInEmailPrint分享Denver Post/Associated Press:Bank of the West’s decision to divest from certain fossil fuel investments has run headlong into threats of retaliation in Colorado, Wyoming and other states that rely heavily on coal, oil and natural gas extraction for revenues.The San Francisco-based bank recently made it known that it would be “investing where we feel we can make the most impact” and withdrawing support for companies and business activities that are “detrimental to our environment and our health.”That includes no longer doing business with companies whose main activity is tied to oil and gas from shale or tar sands or financing oil and gas exploration or production projects in the Arctic. Nor will it finance coal mines or coal-fired power plants not actively involved in the energy transition. And the company also is cutting ties to tobacco-related businesses.“As the bank for a changing world, we’re continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth,” the company, which is a holding of French banking giant BNP Paribas, said online.The stance, which has won support from environmental groups, doesn’t sit well in places like Colorado’s Western Slope where residents rely heavily on traditional energy production for their livelihood.Bank of the West is Colorado’s fifth largest bank with $4.5 billion in deposits as of June 30, 2017. It has 75 locations in Colorado, the bank’s second largest concentration of any state after California with 235 locations, according to the Federal Deposit Insurance Corp.More: Bank of the West’s anti-fossil fuel stance sets off firestorm in Western Slope, energy states Bank of the West moves forward with fossil divestment planslast_img read more

Heated bidding between investors after inner city home hits the market for first time in decades

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoThe street is now filled with backpackers and businesses.The home eventually went to a Melbourne investor for $774,000.According to Mr Leddicoat, the winning bidder planned to do a thorough renovation on the home.The home had been handed down through generations of a prominent local family that ran many short term accommodation houses in the area. The home has not been updated in decades.Mr Leddicoat estimated the home dated back to the early 1900s.Although the home remained virtually unchanged throughout the decades, the street changed from a suburban street to a busy commercial area just outside the CBD.“There are only four houses left in the street, everything else is commercial or a backpackers,” he said. The home is one street away from the Brisbane River and just a quick stroll away from Suncorp Stadium and Caxton Street. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 13:43Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -13:43 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p256p256p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenPrestige property with Elizabeth Tilley13:44 HOT PROPERTY: This inner city home was on the market for the first time in decades.AN OLDER home that is near the centre of Brisbane has been sold for the first time in more than fifty years.The four-bedroom home at 45 Quay St in Brisbane City, might not look like much, but according to agent Ryan Leddicoat from Ray White Wilston, it had one big thing going for it — location. “The view is so close because you are in it,” Mr Leddicoat said.The bidding was heated when it went to auction on Thursday, with seven bidders trying to get their hands on the property.last_img read more