They urge companies to disclose their climate-related risks in the event the world acts to fully implement the Paris agreement on climate change by restricting global temperature increases to well below 2C above long-term averages – the level above which scientists say dangerous climate change may occur. Sharp reduction in thermal coal Such action would require a sharp drop in the use of thermal coal, a gradual shift from using coking coal to make steel as technology allows, and eventually even a contraction in the use of iron ore to make steel. Rio Tinto last week warned of a long-term threat to its Pilbara iron ore export business from strong action on climate change and Glencore said two weeks ago it would not seek to further expand its thermal coal business in Australia. The issue is important for Australia because coal and iron ore are expected to be the nation's largest exports this year, with $131 billion of combined foreign sales. "The council would encourage entities to … [Read more...] about Australian companies urged to disclose climate-change risks, ASX says
Emerging risk definition
WASHINGTON — We have a national emergency, all right. Its name is Donald Trump, and it is a force of mindless, pointless disruption.The president’s decision to officially declare an emergency — to pretend to build an unbuildable border wall — is not only an act of constitutional vandalism. It is also an act of cowardice, a way to avoid the wrath of Ann Coulter, Rush Limbaugh and the rest of the far-right commentariat.It is an end-run around Congress and, as such, constitutes a violation of his oath to “preserve, protect and defend the Constitution of the United States” — which gives Congress, not the president, the authority to decide how public money is spent. It does not give Trump the right to fund projects that Congress will not approve. Authoritarian leaders do that sort of thing. The puffed-up wannabe strongman now living in the White House is giving it a try.Let’s be clear: There is no emergency. Arrests for illegally crossing the … [Read more...] about Robinson: We have a national emergency, all right. Its name is Donald Trump.
Donald Trump has issued a stern message to the nation from the southern border in Texas.Surrounded by military personnel and wearing a white “Make America Great Again” hat, the President reiterated his push for a barrier to stop illegal immigration.“I’m surrounded by border patrol, ICE and law enforcement officers. They’ve done an incredible job,” he said in the video, which he tweeted earlier.“But we all want to see a wall or barrier because that’s going to make their job a lot easier and more effective than they already are.“They’re doing record-setting work, but it’s hard and it’s dangerous. We can save so many lives - we can save the drugs and the human trafficking and all of the things that pour into our country... gangs, MS-13... it won’t happen. They’ll be helped so much.“Everyone knows we need a barrier, we need a wall. Whether it’s steel or concrete or whatever you want — … [Read more...] about Trump will ‘maybe definitely’ declare national emergency
Strategic assessment and planning documents show the worst-case-scenario for a fire anticipates serious and widespread air, water and soil contamination, forcing evacuations of homes, businesses, schools and potentially disrupting operations at Avalon Airport. It is estimated an out-of-control fire could burn for up to a month. The now-defunct recycling centre is 1.2 kilometres from a residential housing estate in Lara and about three kilometres from Corio. “Smoke from a fire this size could potentially expose people to ‘unhealthy’ or ‘hazardous’ air quality readings for short or extended periods of time up to 5km from the site,” according to the assessment prepared by Emergency Management Victoria. “The long term impacts of contaminants in the soil and water courses is unknown but potentially substantial.” The health and environmental risks are also aggravated by findings of a preliminary study that suggests the stockpiles are riddled … [Read more...] about Mountain of toxic waste deemed huge fire risk
This article first appeared in Personal Wealth, The Edge Malaysia Weekly, on August 6, 2018 - August 12, 2018. -A +A The emerging affluent is an appealing consumer class to many financial service providers. In fact, this demographic is poised to be a game changer for the industry, says AXA Affin Life Insurance Bhd CEO Rohit Chandrasekharan Nambiar. The emerging or moderately affluent — consumers who are earning enough to start saving and investing — “is a 10 million people market opportunity”, he adds, citing internal estimates. “This demographic has seen relatively less penetration compared with the top segments. And we need to address this group differently because the life insurance market is highly concentrated.” The 37-year-old, who took the helm in December, hopes this push will turn AXA Affin Life into a household name, amid fierce competition from the incumbents, and accelerate the insurer’s domestic business to grow its small 1.3% … [Read more...] about Insurance: Targeting the emerging affluent