D.C.’s campaign finance laws need reforming
Impact investing, the financing of enterprises tackling environmental and social causes, is a growing trend in the field and may become more important to large financial firms than they currently realize. Impact investing hasnt made much of an impact yet, but were ready for it, said John Skjervem, Chief Investment Officer of Northern Trust. There still isnt sufficient awareness of it. Thats changing quickly. For decades, finance giants held the golden keys to success and wealth, but that reputation has begun to erode with trimmed bonuses and narrowed job prospects.
The EIB said it could tighten the emissions standard in the future to ensure its lending criteria are consistent with EU climate policy and create jobs across Europe. Since the start of 2007, the EIB has loaned around 11 billion euros ($14.5 billion) to fossil fuel-fired plants, most of it to gas rather than coal, a fraction of its total lending for power of 83 billion euros. The EIB decision follows moves by other multilateral financial institutions such as the Washington-headquartered World Bank to fund coal-fired power stations only in “rare circumstances”. RECONSIDERING COAL The pullback by multilateral banks comes as more private sector lenders are already reconsidering their exposure to coal-related assets.
UPDATE 1-EU finance arm curbs loans to coal-fired power plants
The board much to its credit imposed the maximum fine, citing the foremost duty to protect the integrity of the electoral process. But with $149.52 in its bank account and about $35,000 in debt, the committee is unlikely to pay the fine, and no campaign officials, including Mr. Brown, are liable. Campaign finance reform legislation drafted by D.C. Attorney General Irvin B.