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Companies slow to disclose financial costs of climate change: report By Reuters

© Reuters. FILE PHOTO: Clouds from Hurricane Harvey are seen in the background as smoke rises from a burn off at an oil refinery in Corpus Christi By Nichola Groom (Reuters) – U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, Moody’s Investors Service said in a report on Monday. The analysis of the public filings…

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South African power generation plan keeps coal in the mix – Africa – Angola Press

The long-awaited Integrated Resource Plan published on Friday replaces a previous blueprint which had not been updated in almost a decade, holding back badly needed investment in new generating capacity. Mantashe said the new plan supported a diversified energy mix and could be a catalyst for economic growth. South Africa’s power generation problems have resurfaced this week with the first power cuts in around seven months, underlining the challenge President Cyril Ramaphosa faces in reviving the country’s economy and rescuing…

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Are Manufactured Housing Communities An Answer To The Affordable Housing Shortage?

Around the country, housing costs have skyrocketed, putting homeownership out of reach for many. In my area of Los Angeles, the median home value is $692,800, with prices increasing 2.2% last year and predicted to rise another 0.7% this year. If homebuyers want to be in a more desirable area of Los Angeles, such as South Pasadena, home prices are even higher and rising quickly. In 2017, the median household income in Los Angeles County was $61,015 and the owner-occupied housing…

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Kinder Morgan, Inc. (KMI) CEO Steve Kean on Q3 2019 Results – Earnings Call Transcript

Kinder Morgan, Inc. (NYSE:KMI) Q3 2019 Earnings Conference Call September 16, 2019 4:30 PM ET Company Participants Rich Kinder – Executive Chairman Steve Kean – Chief Executive Officer Kim Dang – President David Michels – Vice President & Chief Financial Officer Dax Sanders – Executive Vice President & Chief Strategy Officer Conference Call Participants Colton Bean – Tudor, Pickering, Holt & Company Shneur Gershuni – UBS Jeremy Tonet – JPMorgan Spiro Dounis – Credit Suisse Keith Stanley – Wolfe Research…

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Standard & Poor’s maintains Barrie’s ‘AA’ credit rating

Barrie’s economy is expected to grow at a “healthy pace” over the next two years, according to a well-known financial services company. Standard & Poor’s has maintained the city’s “AA” credit rating, the municipality announced Oct. 10. The company’s report based the decision on the city’s growing and diversifying economy and strong financial management. “We expect Barrie’s economy … to diversify, owing to high demographic growth and robust private investment trends,” the report said. “We expect the city will maintain…

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Calumet Specialty Products Partners, L.P. Announces Closing of $550 Million Offering of Senior Unsecured Notes due 2025

INDIANAPOLIS, Oct. 11, 2019 /PRNewswire/ — Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the “Company”, “Partnership” or “Calumet”), a leading independent producer of specialty hydrocarbon and fuels products, today announced that it has successfully completed a $550 million offering of new senior unsecured notes maturing in 2025 (the “Offering”). Transaction Highlights: Completes effort to address original $900 million of notes maturing in 2021, with maturity of new notes at 5.5 years Net proceeds of the Offering plus borrowings under revolver…

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Uniper says needs more answers from suitor Fortum

FILE PHOTO: The coal power plant “Staudinger” by energy company Uniper is photographed during sunrise in Grosskrotzenburg, 30km outside Frankfurt, Germany, February 13, 2019. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Germany’s Uniper (UN01.DE) on Thursday said its suitor, Finnish utility Fortum (FORTUM.HE), has yet to address a range of questions about its intentions in ongoing takeover talks to get management support for any deal. “These open points include, among others, the substantiation of commitments toward Uniper’s employees, the future business…

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Foreigners dump South African shares at the fastest pace in two years

Foreigners offloaded South African stocks at the fastest pace in two years last week, as worries about the state of the global economy helped spur an exit from riskier assets. Offshore investors were net sellers of R10.7bn of the country’s equities in the five days ending October 4, based on figures from JSE. That’s the heaviest week of outflows since September 2017. Appetite for South African equities has been hurt by concerns about global growth, the prolonged trade war and…

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