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Antwort auf Beitrag Nr.: 71.850.890 von faultcode am 24.06.22 14:39:43
https://tradingeconomics.com/commodity/coal
https://twitter.com/Voda_Foundation/status/12987514938190315…
https://tradingeconomics.com/commodity/coal
https://twitter.com/Voda_Foundation/status/12987514938190315…
aus der Traum:
23.6.
German Utilities Prepare to Turn on Coal Plants Amid Gas Crisis
https://www.bnnbloomberg.ca/german-utilities-prepare-to-turn…
...
Germany’s biggest utilities are working to revive their coal operations as Europe’s biggest economy turns to the dirtier fuel in a bid to reduce the use of natural gas for electricity generation.
EnBW Energie Baden-Wuerttemberg AG is finalizing the procuring and transportation of coal, as also securing the space required to store the gas it saves, a spokeswoman said Thursday. RWE AG is preparing for the reactivation of three lignite mines which are currently on standby, the company’s spokeswoman said.
“We are dealing with the question of the workforce needed, since long-term personnel planning was based on the premises of the original phase-out of coal,” EnBW said.
European powerhouse Germany is in the middle of one of its biggest energy crises in recent times as Russia reduces gas supply through Nord Stream, the biggest pipeline to the region. The country enacted the second step of a three-phase gas-emergency plan, and is preparing for further cuts when Nord Stream halts for maintenance next month. That could prove a major setback for refilling inventories in time for winter.
...
___
=> gerecht wäre es,
(a) wenn alle deutschen Bürger und Bürgerinnen, die für das vorzeitige Aus der deutschen AKW's politisch gestimmt haben, Ausgleichszahlungen an die deutschen Bürger und Bürgerinnen in den nächsten Jahren vornehmen würden, die politisch dagegen gestimmt haben
(b) wenn alle deutschen Bürger, Bürgerinnen und Unternehmen und deren Lobbyisten, die für den Ausbau der russischen Gaslieferungen post-Nord Stream 1 politisch gestimmt haben, Ausgleichszahlungen an die deutschen Bürger, Bürgerinnen und Unternehmen in den nächsten Jahren vornehmen würden, die politisch dagegen gestimmt haben
23.6.
German Utilities Prepare to Turn on Coal Plants Amid Gas Crisis
https://www.bnnbloomberg.ca/german-utilities-prepare-to-turn…
...
Germany’s biggest utilities are working to revive their coal operations as Europe’s biggest economy turns to the dirtier fuel in a bid to reduce the use of natural gas for electricity generation.
EnBW Energie Baden-Wuerttemberg AG is finalizing the procuring and transportation of coal, as also securing the space required to store the gas it saves, a spokeswoman said Thursday. RWE AG is preparing for the reactivation of three lignite mines which are currently on standby, the company’s spokeswoman said.
“We are dealing with the question of the workforce needed, since long-term personnel planning was based on the premises of the original phase-out of coal,” EnBW said.
European powerhouse Germany is in the middle of one of its biggest energy crises in recent times as Russia reduces gas supply through Nord Stream, the biggest pipeline to the region. The country enacted the second step of a three-phase gas-emergency plan, and is preparing for further cuts when Nord Stream halts for maintenance next month. That could prove a major setback for refilling inventories in time for winter.
...
___
=> gerecht wäre es,
(a) wenn alle deutschen Bürger und Bürgerinnen, die für das vorzeitige Aus der deutschen AKW's politisch gestimmt haben, Ausgleichszahlungen an die deutschen Bürger und Bürgerinnen in den nächsten Jahren vornehmen würden, die politisch dagegen gestimmt haben
(b) wenn alle deutschen Bürger, Bürgerinnen und Unternehmen und deren Lobbyisten, die für den Ausbau der russischen Gaslieferungen post-Nord Stream 1 politisch gestimmt haben, Ausgleichszahlungen an die deutschen Bürger, Bürgerinnen und Unternehmen in den nächsten Jahren vornehmen würden, die politisch dagegen gestimmt haben
das große Comeback der Kohle in Europa: heute Österreich
20.6.
Austria Returns to Coal Era in Hedge Against Russian Power Play
https://www.bnnbloomberg.ca/austria-returns-to-coal-era-in-h…
...
Austria is returning to the coal age, reviving use of the dirtiest fossil fuel to generate power as Russia curbs flows of natural gas to Europe.
State-controlled Verbund AG, Austria’s biggest utility and most valuable company, was ordered late Sunday to prepare its mothballed Mellach coal-fired station for operation. The plant, 200 kilometers (124 miles) south of Vienna, was shut two years ago as Austria became only the second European country to eliminate coal entirely from its electricity grid.
“The government and Verbund have agreed to convert the Mellach district heating plant, which is currently shut down, so that electricity can be produced again from coal in an emergency,” Chancellor Karl Nehammer’s coalition said in a statement.
Austria joins other European nations, including France, Germany and the U.K., in extending the the life of coal-fired power following Russia’s invasion of Ukraine. Russia is reducing natural gas shipments to the Alpine country, where storage depots contain just 39% of the Austria’s annual needs.
The Mellach station, which also includes a combined-cycle gas-fired plant, provides heat and electricity, to Austria’s second-biggest city of Graz. After it was closed, Verbund turned the coal station into a center for researchers looking for ways to safely feed hydrogen fuel onto the power grid.
The Austrian government, which pledged 6.6 billion euros ($7 billion) to build gas reserves before winter, reiterated plans to impose a “use-it-or-lose-it” law requiring storage owners to fill depots. That probably won’t include Gazprom PJSC-owned Haidach, one of Europe’s biggest underground reservoirs, which remains empty because of a conflict between Germany and Russia.
...
20.6.
Austria Returns to Coal Era in Hedge Against Russian Power Play
https://www.bnnbloomberg.ca/austria-returns-to-coal-era-in-h…
...
Austria is returning to the coal age, reviving use of the dirtiest fossil fuel to generate power as Russia curbs flows of natural gas to Europe.
State-controlled Verbund AG, Austria’s biggest utility and most valuable company, was ordered late Sunday to prepare its mothballed Mellach coal-fired station for operation. The plant, 200 kilometers (124 miles) south of Vienna, was shut two years ago as Austria became only the second European country to eliminate coal entirely from its electricity grid.
“The government and Verbund have agreed to convert the Mellach district heating plant, which is currently shut down, so that electricity can be produced again from coal in an emergency,” Chancellor Karl Nehammer’s coalition said in a statement.
Austria joins other European nations, including France, Germany and the U.K., in extending the the life of coal-fired power following Russia’s invasion of Ukraine. Russia is reducing natural gas shipments to the Alpine country, where storage depots contain just 39% of the Austria’s annual needs.
The Mellach station, which also includes a combined-cycle gas-fired plant, provides heat and electricity, to Austria’s second-biggest city of Graz. After it was closed, Verbund turned the coal station into a center for researchers looking for ways to safely feed hydrogen fuel onto the power grid.
The Austrian government, which pledged 6.6 billion euros ($7 billion) to build gas reserves before winter, reiterated plans to impose a “use-it-or-lose-it” law requiring storage owners to fill depots. That probably won’t include Gazprom PJSC-owned Haidach, one of Europe’s biggest underground reservoirs, which remains empty because of a conflict between Germany and Russia.
...
Überraschung, Überraschung:
The country’s planned levy on carbon dioxide emissions -- its centerpiece climate reform -- will be delayed until October.
14.6.
Austria Offers 1,000 Euro Handouts to Quash Inflation Discontent
https://www.bnnbloomberg.ca/austria-offers-1-000-euro-handou…
The country’s planned levy on carbon dioxide emissions -- its centerpiece climate reform -- will be delayed until October.
14.6.
Austria Offers 1,000 Euro Handouts to Quash Inflation Discontent
https://www.bnnbloomberg.ca/austria-offers-1-000-euro-handou…
11.6.
U.S. SEC investigating Goldman Sachs over ESG funds - WSJ
https://www.reuters.com/business/us-sec-investigating-goldma…
...
The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc's (GS.N) asset-management division over its funds that look to invest based on environmental, social and governance (ESG) standards, the Wall Street Journal reported.
The investigation is focused on Goldman Sachs' mutual-funds division, the report said on Friday, citing people familiar with the matter. The firm manages at least four funds that have clean-energy or ESG in their names.
...
=> irgendwie logisch, daß auch GS hier nicht fehlen darf
U.S. SEC investigating Goldman Sachs over ESG funds - WSJ
https://www.reuters.com/business/us-sec-investigating-goldma…
...
The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc's (GS.N) asset-management division over its funds that look to invest based on environmental, social and governance (ESG) standards, the Wall Street Journal reported.
The investigation is focused on Goldman Sachs' mutual-funds division, the report said on Friday, citing people familiar with the matter. The firm manages at least four funds that have clean-energy or ESG in their names.
...
=> irgendwie logisch, daß auch GS hier nicht fehlen darf
Trading Spotlight
7.6.
FT: How ESG investing came to a reckoning
With allegations of greenwashing at the highest levels, does it still make sense for funds to package together environmental, social and governance factors?
https://www.ft.com/content/5ec1dfcf-eea3-42af-aea2-19d739ef8…
...
On top of the allegations of greenwashing at the industry’s highest levels, there is the impact of Russia’s invasion of Ukraine, which is forcing companies, investors and governments to wrestle with developments that at times appear to pit the E, the S and the G against one another. For example, governments in Europe are reneging on environmental goals by turning to fossil fuels to reduce dependence on Russian gas, in order to fulfil ethical goals.
“The war in Ukraine is an incredible challenge for the world of ESG,” says Hubert Keller, managing partner at Lombard Odier. “This conflict is forcing the questions: what is ESG investing? Does it really work? And can we afford it?”
...
In a recent paper, researchers at MIT and the University of Zurich examined data from six prominent ESG rating agencies and found the correlations between their assessments fall between 0.38 and 0.71 — relatively weak, compared with the 0.92 correlation between credit rating agencies. This, conclude the authors, “makes it difficult to evaluate the ESG performance of companies, funds and portfolios”.
Regulators are trying to catch up. The UK and the EU are planning to tighten the rules for ESG rating agencies, and the US Securities and Exchange Commission recently levelled a $1.5mn fine at the fund management arm of BNY Mellon for allegedly providing misleading information on ESG investments.
...
Asset managers say that, in the absence of clarity from authorities or regulators, the key for them as responsible stewards of capital is to be transparent about the criteria by which they are investing. It is then up to clients to make a decision on whether to allocate money based on their own ethical stance.
“We must not mix up ethical with ESG, because they are two separate things,” says Saker Nusseibeh, chief executive of Federated Hermes. “Being ethical is the prerogative of the client.”
FT: How ESG investing came to a reckoning
With allegations of greenwashing at the highest levels, does it still make sense for funds to package together environmental, social and governance factors?
https://www.ft.com/content/5ec1dfcf-eea3-42af-aea2-19d739ef8…
...
On top of the allegations of greenwashing at the industry’s highest levels, there is the impact of Russia’s invasion of Ukraine, which is forcing companies, investors and governments to wrestle with developments that at times appear to pit the E, the S and the G against one another. For example, governments in Europe are reneging on environmental goals by turning to fossil fuels to reduce dependence on Russian gas, in order to fulfil ethical goals.
“The war in Ukraine is an incredible challenge for the world of ESG,” says Hubert Keller, managing partner at Lombard Odier. “This conflict is forcing the questions: what is ESG investing? Does it really work? And can we afford it?”
...
In a recent paper, researchers at MIT and the University of Zurich examined data from six prominent ESG rating agencies and found the correlations between their assessments fall between 0.38 and 0.71 — relatively weak, compared with the 0.92 correlation between credit rating agencies. This, conclude the authors, “makes it difficult to evaluate the ESG performance of companies, funds and portfolios”.
Regulators are trying to catch up. The UK and the EU are planning to tighten the rules for ESG rating agencies, and the US Securities and Exchange Commission recently levelled a $1.5mn fine at the fund management arm of BNY Mellon for allegedly providing misleading information on ESG investments.
...
Asset managers say that, in the absence of clarity from authorities or regulators, the key for them as responsible stewards of capital is to be transparent about the criteria by which they are investing. It is then up to clients to make a decision on whether to allocate money based on their own ethical stance.
“We must not mix up ethical with ESG, because they are two separate things,” says Saker Nusseibeh, chief executive of Federated Hermes. “Being ethical is the prerogative of the client.”
"The U-Turn" -- auch hier:
30.5.
Israel Plans New Gas Exploration Tender in Policy U-Turn
https://www.bnnbloomberg.ca/israel-plans-new-gas-exploration…
...
Israel will hold a new competition for natural gas exploration licenses in its economic waters, Energy Ministry officials said Monday, citing European demand for the fuel as the region seeks to reduce its reliance on Russia.
The decision to hold a new tender is a reversal of the ministry’s declared intent to hold off on granting new licenses this year in favor of concentrating efforts on renewable energy. The geopolitical events in the world, and the ensuing global energy crisis, have completely changed the state of the market, officials said, explaining the policy change.
“The State of Israel is mobilizing to assist Europe in diversifying its energy sources,” Energy Minister Karine Elharrar said at a press conference. “The global energy crisis is an opportunity for the State of Israel to export natural gas, along with the sincere and genuine concern for what is happening in Europe.”
The new competitive process, which is expected to begin in the third quarter, comes as the European Union is working on a deal to import Israeli gas through Egypt. The fuel would be turned into liquefied natural gas at Egypt’s processing plants before being shipped to the EU. Israel’s gas currently serves the local market as well as neighboring Egypt and Jordan.
30.5.
Israel Plans New Gas Exploration Tender in Policy U-Turn
https://www.bnnbloomberg.ca/israel-plans-new-gas-exploration…
...
Israel will hold a new competition for natural gas exploration licenses in its economic waters, Energy Ministry officials said Monday, citing European demand for the fuel as the region seeks to reduce its reliance on Russia.
The decision to hold a new tender is a reversal of the ministry’s declared intent to hold off on granting new licenses this year in favor of concentrating efforts on renewable energy. The geopolitical events in the world, and the ensuing global energy crisis, have completely changed the state of the market, officials said, explaining the policy change.
“The State of Israel is mobilizing to assist Europe in diversifying its energy sources,” Energy Minister Karine Elharrar said at a press conference. “The global energy crisis is an opportunity for the State of Israel to export natural gas, along with the sincere and genuine concern for what is happening in Europe.”
The new competitive process, which is expected to begin in the third quarter, comes as the European Union is working on a deal to import Israeli gas through Egypt. The fuel would be turned into liquefied natural gas at Egypt’s processing plants before being shipped to the EU. Israel’s gas currently serves the local market as well as neighboring Egypt and Jordan.
24.5.
SEC prepares to crack down on misleading ESG investment claims
Pending rules come as funds repackage themselves for the $3tn ‘sustainable’ market
https://www.ft.com/content/6fefdb2c-f72e-4e52-b95b-c0727aeb1…
...
Global sustainable fund assets totalled $2.77tn at the end of the first quarter of 2022, up from $1tn in 2019, according to Morningstar, a data provider.
The broader ESG investing category covers environmental and climate considerations, “impact” investing for the social good as well as funds that screen out industries such as tobacco or firearms.
...
The agency has already signalled a tougher stance on the issue. On Monday, it announced a $1.5mn legal settlement — its first related to funds’ ESG descriptions — against BNY Mellon’s investment adviser division over allegations of misstating and omitting information about ESG criteria for mutual funds it managed. BNY Mellon said none of the sustainable funds it offered were targeted by the regulator and that it had updated its fund materials.
...
SEC prepares to crack down on misleading ESG investment claims
Pending rules come as funds repackage themselves for the $3tn ‘sustainable’ market
https://www.ft.com/content/6fefdb2c-f72e-4e52-b95b-c0727aeb1…
...
Global sustainable fund assets totalled $2.77tn at the end of the first quarter of 2022, up from $1tn in 2019, according to Morningstar, a data provider.
The broader ESG investing category covers environmental and climate considerations, “impact” investing for the social good as well as funds that screen out industries such as tobacco or firearms.
...
The agency has already signalled a tougher stance on the issue. On Monday, it announced a $1.5mn legal settlement — its first related to funds’ ESG descriptions — against BNY Mellon’s investment adviser division over allegations of misstating and omitting information about ESG criteria for mutual funds it managed. BNY Mellon said none of the sustainable funds it offered were targeted by the regulator and that it had updated its fund materials.
...
man hätte sowas ahnen können:
10.5.
BlackRock warns it will vote against more climate resolutions this year
Largest asset manager parts ways with most activists and says war in Ukraine has changed calculus
https://www.ft.com/content/4a538e2c-d4bb-4099-8f15-a28d0fefc…
...
The world’s largest money manager, with nearly $10tn in assets, said in a stewardship update that new US rules had allowed a wider range of proposals on proxy ballots. It added that Russia’s invasion of Ukraine had also changed the environment, requiring more short-term investment in traditional fuel production to boost energy security.
The group said it was particularly wary of proposals to stop financing fossil fuel companies, force them to decommission assets or set absolute targets for companies on reducing emissions in their supply chains and their customers.
...
BlackRock is not the only money manager to flag the increase in shareholder proposals. The Conference Board has warned “that a new (and potentially more intense) wave of [shareholder] proposals is coming” and studies early in the US season suggested that a record number had been filed.
BlackRock also has company in increased scepticism about activist proposals. Shareholders in Occidental Petroleum last week overwhelmingly rejected a proposal calling on the company to set more detailed emissions reductions targets. The company had fought the proposal by pointing out that it already had the US oil industry’s most ambitious climate targets.
...
10.5.
BlackRock warns it will vote against more climate resolutions this year
Largest asset manager parts ways with most activists and says war in Ukraine has changed calculus
https://www.ft.com/content/4a538e2c-d4bb-4099-8f15-a28d0fefc…
...
The world’s largest money manager, with nearly $10tn in assets, said in a stewardship update that new US rules had allowed a wider range of proposals on proxy ballots. It added that Russia’s invasion of Ukraine had also changed the environment, requiring more short-term investment in traditional fuel production to boost energy security.
The group said it was particularly wary of proposals to stop financing fossil fuel companies, force them to decommission assets or set absolute targets for companies on reducing emissions in their supply chains and their customers.
...
BlackRock is not the only money manager to flag the increase in shareholder proposals. The Conference Board has warned “that a new (and potentially more intense) wave of [shareholder] proposals is coming” and studies early in the US season suggested that a record number had been filed.
BlackRock also has company in increased scepticism about activist proposals. Shareholders in Occidental Petroleum last week overwhelmingly rejected a proposal calling on the company to set more detailed emissions reductions targets. The company had fought the proposal by pointing out that it already had the US oil industry’s most ambitious climate targets.
...
11.5.
EU considers looser green standards as it seeks to replace Russian fossil fuels
Companies would be allowed to build wind and solar projects without need for an environmental impact assessment
https://www.ft.com/content/870d9b43-f4c1-4b8d-a1ec-384de6541…
...
wie schön, daß nun jeder ESG-Apologet auf den Ukraine-Konflikt zeigen kann
EU considers looser green standards as it seeks to replace Russian fossil fuels
Companies would be allowed to build wind and solar projects without need for an environmental impact assessment
https://www.ft.com/content/870d9b43-f4c1-4b8d-a1ec-384de6541…
...
wie schön, daß nun jeder ESG-Apologet auf den Ukraine-Konflikt zeigen kann
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