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

Inyang Wins another Tennis Title in USA Â

first_imgNigeria national junior player, Gabriel Inyang continued his breathless display on his summer training tour of the United States on Saturday by beating Alex Weinberg to retain the Feinberg 12 and Under tournament held at the Brant Lake Camp, Adirondacks, New York.The Victoria Garden City Club of Lagos player, who clocked 12 on July 21, was on top of his game against his American agemate wrapping up the one-sided clay court contest 6-0, 6-3 in less than an hour. His spectacular display was highlighted by the fact that he did not drop a single set in the tourney which featured 32 players.Inyang and Weinberg had three weeks ago contested in final of the Beco Tournament on hard court which Inyang came out victorious with a nail-biting 8-6 win. Inyang has now won back-to-back titles at the Beco Junior Tournament and the Feiberg Junior Tournament both organised by the United States Tennis Association.He represented Nigeria at the 2017 ITF/ CAT West and Central Africa 12 and Under Championship in April in Lagos and was Nigeria’s best performer at the tournament as observed by ITF Development Officer, Moroccan Amine Ben Machlouf, the chief referee at the tournament. His latest feat has enhanced his chances of getting consideration for scholarship at the ITF High Performance Centre in Morocco.  “I have had to oversee a talented young player who is also matured beyond his years. I have been extremely impressed with his attitude during training and during matches. He is always calm under pressure and continues to fight even when he is down.“Gabriel is an extremely promising young player who possesses all the right traits to make it far in tennis. If he is motivated,” Jon Bradley, a UK-based tennis pro at the camp said of him.  Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more