KLP removes Chevron from blacklist after 13-year ban

first_imgChevron was banished from KLP’s investment universe in 2004 for links to serious environmental damage, relating to the company’s long-running legal battle over pollution in the Ecuadorian rainforest.In 2000 Chevron bought Texaco, which had been involved in oil extraction in Ecuador years before. Local communities sued Texaco, and later Chevron, for restitution, and KLP’s exclusion had been based on documentation from this case.But last year, a US appeals court ruling confirmed that lawyers for the communities had built their case on falsified documents and bribery of both witnesses and judicial officials in Ecuador.As well as this, the pension fund said Chevron had made big improvements to its human rights policy and environmental management systems.The Chevron decision was one of several changes the pension fund has made to its exclusion list. KLP said it had excluded two coal companies and one tobacco company from its investment universe.Alongside Chevron, AGL Energy, Alstom and L-3 Technologies have also been brought back into its investment universe.The changes were the result of a biannual review conducted by KLP with regard to the organisation’s Guidelines for Responsible Investment.This month, KLP’s list of potential equity investments is to expand to around 6,000 companies, from 3,000, following new investments in a global small-cap index. KLP, Norway’s main provider of municipal pensions, has added US oil giant Chevron back to its investment universe after a 13-year exclusion after the basis for the blacklisting was largely discredited.The NOK641bn (€65.7bn) pension fund said a 2016 US court ruling meant that documents in an environmental case against Chevron – upon which the KLP exclusion was at least partly based – had been falsified, and witnesses and judicial officials had been bribed.Anne Kvam, head of responsible investments at KLP, said: “We have been an active voice in calling for change at Chevron for years, despite the company’s exclusion.“With Chevron’s inclusion in KLP and the KLP fund’s investments, we plan to continue our engagement with the company as an active owner.”last_img read more

Biggest Moments of Democrat Debate in Detroit

first_imgAuthor and activist Marianne Williamson is the number one Googled candidate at the Democratic presidential candidate debate Tuesday night.She took the debate stage in Detroit along with nine other hopefuls. Williamson, who mounted an unsuccessful congressional bid in California five years ago, led searches in 49 of 50 states.Governor Steve Bullock was number one in his home state of Montana.Democratic presidential candidates addressed immigration in America.Speaking at the second Democratic Debate in Detroit, former Texas Congressman Beto O’Rourke said he would reserve the right to prosecute those who illegally cross the border.Massachusetts Senator Elizabeth Warren said needs border security border security but shouldn’t criminalize families wishing to start a new life in America. Vermont Senator Bernie Sanders said “a mother and child walking a dangerous path” to cross the border are not criminals.last_img read more

Wellington girls upset Winfield; boys lose by 19

first_imgby Tracy McCue, Sumner Newscow — The Wellington girls basketball team pulled off one of its biggest wins of recent years with a 54-45 victory over Winfield. The varsity boys were not as fortunate losing 55-36 in Winfield Friday night.The Wellington girls battled a very good Lady Viking team, which came into the game 6-2 with its only losses coming to Buhler and McPherson. With the Bullpups, Winfield lost by a mere 2 points.But on Friday, Wellington’s Carlie McComb scored 17 points to lead the Crusaders to what was considered an upset win. Winfield opened with a 15-10 lead in the first quarter. But the Lady Dukes held the Vikes to just 4 points in the second quarter and  trailed 19-18 at the half.In the third quarter, Jaedyn Ledesma hit a jumper in the lane at the 5:09 mark and Wellington led 26-25. The Crusaders would never trail again.In the fourth quarter, Winfield was fouling in order to stop the clock. Free throws by McComb, Tayland French, Mireia Salvador, Kelsey Whaley kept Wellington in the lead.With a 10 point lead at 42 seconds remaining in the game, McComb knocked down two free throws to clinch the victory.Wellington is 6-3 and has a week off before playing Monday, Jan. 27 in the Mulvane Classic.Other scorers for Wellington were: Salvador 11, Snipes 9, French 4, Whaley 4, Holly Wright 2 and Zimmerman 2.In the boys game, Wellington had no answers for Will Adler who had a double-double with 26 points, 15 rebounds and four assists.Winfield opened with a 20-5 first quarter lead, but Wellington came back with a 14-4 output in the second quarter to pull with five, 24-19 at the half.Winfield then rolled Wellington in the second half outscoring the Gentlemen Dukes 13-7 and 18-10 for the 55-36 win. Connor Phelps led Wellington with 15 points. Other scorers include: Gilmore 3, Reichenberger 5, Baker 1, Nance 6, and Daugherty 6.Wellington will travel to the Chaparral Tournament on Thursday.The Wellington junior varsity lost 57-52. The C team lost 57-25. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more