News In Brief 17 July 2017

CARBON DISCLOSURE PROJECT       

The Carbon Disclosure Project (CDP) published the Carbon Majors Database and reported the 100 biggest emitters of CO2 emissions by fossil fuel producers over the past 30 years. It asserts that since 1988 the top six greatest emissions have come from (in descending order) the Chinese coal industry; Saudi Aramco; Gazprom, National Iranian Oil; ExxonMobil, and the Indian coal industry. It claims that “the contribution of fossil fuels to global warming has doubled: 833 GtCO2e [gigatonnes of CO2 equivalent] was emitted in just 28 years since 1988, compared with 820 GtCO2e in the 237 years between 1988 and the birth of the industrial revolution.”

UBS

UBS, the Swiss-based bank, said that it had raised $325 million for a fund called the Rise Fund, which it says is “part of a five-year plan to mobilise private wealth for public good.” It adds that “the Rise Fund will focus on investments in seven sectors in which independent research has shown that impact is both achievable and measurable in quantitative terms: education, energy, food and agriculture, financial services, growth infrastructure, healthcare, and technology, media & telecommunications. It will invest predominantly in growing companies across developed and developing markets. Any investment opportunities in the Fund are restricted to qualifying investors only, are not available for general distribution to retail clients, and are not available in certain jurisdictions.”

REZATEC

Rezatec, the specialist geospatial data analyst and member of the Social Stock Exchange, said it has partnered with Matchpoint Incorporated of the US to “help water companies in the southern states including Georgia, North and South Carolina, Florida, and Texas to reduce non-revenue water lost through pipeline leakage, particularly in more rural areas with less monitored pipelines.”

REUTERS

The following banks have signed up to a UN Environment Programme to ascertain how much exposure they have to risks resulting from climate change: ANZ, Barclays, Bradesco, Citi, Itaú, National Australia Bank, Royal Bank of Canada, Santander, Standard Chartered, TD Bank Group and UBS, said the U.N. Environment Programme. The decision is seen by some as a necessary precursor to changing the banks’ portfolios towards more ‘green’ investment decisions.

UNITED NATIONS

The UN said that around 30% of people across the globe lack access to safe and readily available water in their homes; some 60% lack “safely managed sanitation”. It adds that “of the 4.5 billion people who do not have safely managed sanitation, 2.3 billion still do not have basic sanitation services, including nearly 600 million people who share a toilet or latrine with other households, and 892 million people – mostly in rural areas – who defecate in the open.”

 

 

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