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Sweden goes fossil free with €4.3bn of premium pension assets

first_imgHoldings in companies exposed to fossil fuels had been gradually reduced since 2016, and companies whose main business consists of the production and distribution of fossil fuels had now been eliminated, the agency said.The divestment has also included securities issued by other contentious sectors.“Companies whose main activities are weapons, alcohol, tobacco, gambling and pornography have also been excluded from the equity portfolio,” the Pensions Agency said.Under the rules of the first-pillar premium pension system, which is the defined contribution part of Sweden’s overall state pension, people can decide to take their pension as traditional life insurance – which provides a guaranteed minimum monthly pension – or to keep their savings in funds.Around 324,000 Swedish pensioners opt to take out their pension as traditional life insurance compared to the approximately 1.33m who take it out as unit-linked insurance.The agency, which also gives Swedes information on their entire state pension, manages the traditional insurance portfolio of pensions in payment.This consists of bonds and equities currently worth SEK45bn, with bonds matching the guaranteed amount of SEK29bn and the remaining SEK16bn being placed in equities.In the first three quarters of 2019, the portfolio made a total return of 18.0%, the agency said. The Swedish Pensions Agency (Pensionsmyndigheten) proclaimed the assets behind the guaranteed-yield, or traditional savings portion of the population-wide premium pension in payment to be fossil free after completing a three-year divestment of oil, gas and coal stocks and bonds from its SEK45bn (€4.3bn) of assets.Erik Fransson, head of the funds marketplace department of the Pensions Agency, said: “We have now changed the portfolio to become fossil-free as the last shares in the gas, coal and oil sectors have been sold.“Instead, part of the capital is being directed to companies that are part of the solution to our climate problem, for example in renewable energy and energy efficiency,” he said.Fransson said he was convinced the transition would benefit savers’ returns over time, partly because fossil assets could suddenly lose value.last_img read more

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Whicker: Blake Griffin injury has Clippers holding their breath after win

first_imgPreviousLos Angeles Lakers’ Kentavious Caldwell-Pope, front, drives past Los Angeles Clippers’ C.J. Williams during the second half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. The Clippers 120-115. (AP Photo/Jae C. Hong)Clippers forward Blake Griffin grimaces in pain after teammate Austin Rivers landed on his left leg during the second half of Monday’s game against the Lakers at Staples Center. The Clippers won 120-115 but must wait for further evaluation on Griffin’s knee. (AP Photo/Jae C. Hong)Los Angeles Clippers’ DeAndre Jordan dunks as Los Angeles Lakers’ Brook Lopez looks on during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong) SoundThe gallery will resume insecondsLos Angeles Lakers’ Lonzo Ball, left, pressures Los Angeles Clippers’ Austin Rivers during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Blake Griffin, right, and Los Angeles Lakers’ Larry Nance Jr. react after a jump ball was called during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)The Clippers’ Lou Williams, left, drives to the basket under pressure by Los Angeles Lakers’ Julius Randle during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Austin Rivers, bottom, gets his shot blocked by Los Angeles Lakers’ Julius Randle during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Austin Rivers, left, shoots for three points under pressure by Los Angeles Lakers’ Lonzo Ball during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Blake Griffin, center, grabs a loose ball against Los Angeles Lakers’ Larry Nance Jr., left, and Brook Lopez during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Lakers’ Lonzo Ball, top, passes the ball under pressure by Los Angeles Clippers’ Austin Rivers during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Lakers’ Brandon Ingram fouls Los Angeles Clippers’ Blake Griffin during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Lakers’ Jordan Clarkson, center, passes the ball under pressure by Los Angeles Clippers’ Blake Griffin, left, and Wesley Johnson during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Lakers head coach Luke Walton, center, reacts to a play during the second half of an NBA basketball game against the Los Angeles Clippers, Monday, Nov. 27, 2017, in Los Angeles. The Clippers 120-115. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Lou Williams, center, puts up a shot during the second half of an NBA basketball game against the Los Angeles Lakers, Monday, Nov. 27, 2017, in Los Angeles. The Clippers 120-115. (AP Photo/Jae C. Hong)Los Angeles Lakers head coach Luke Walton, left, and Lonzo Ball watch action during the second half of an NBA basketball game against the Los Angeles Clippers, Monday, Nov. 27, 2017, in Los Angeles. The Clippers 120-115. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Blake Griffin dunks during the second half of an NBA basketball game against the Los Angeles Lakers, Monday, Nov. 27, 2017, in Los Angeles. The Clippers 120-115. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Lou Williams, right, puts up a shot against Los Angeles Lakers’ Larry Nance Jr. during the second half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. The Clippers 120-115. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Jawun Evans, front, and Los Angeles Lakers’ Jordan Clarkson look at a loose ball during the second half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. The Clippers 120-115. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Lou Williams, center, drives to the basket as Los Angeles Lakers’ Lonzo Ball, from left, Larry Nance Jr., Brook Lopez watch during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Lou Williams reacts after making a basket against the Los Angeles Lakers during the first half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. (AP Photo/Jae C. Hong)Los Angeles Clippers’ Austin Rivers, center, is shoved by Blake Griffin after making a basket against the Los Angeles Lakers during the second half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. The Clippers 120-115. (AP Photo/Jae C. Hong)Los Angeles Lakers’ Kentavious Caldwell-Pope, front, drives past Los Angeles Clippers’ C.J. Williams during the second half of an NBA basketball game Monday, Nov. 27, 2017, in Los Angeles. The Clippers 120-115. (AP Photo/Jae C. Hong)Clippers forward Blake Griffin grimaces in pain after teammate Austin Rivers landed on his left leg during the second half of Monday’s game against the Lakers at Staples Center. The Clippers won 120-115 but must wait for further evaluation on Griffin’s knee. (AP Photo/Jae C. Hong)NextShow Caption1 of 21Clippers forward Blake Griffin grimaces in pain after teammate Austin Rivers landed on his left leg during the second half of Monday’s game against the Lakers at Staples Center. The Clippers won 120-115 but must wait for further evaluation on Griffin’s knee. (AP Photo/Jae C. Hong)ExpandLOS ANGELES — Austin Rivers was the first responder.He was the one who was knocked into Blake Griffin, landed on his left knee, heard him scream.He talked to Griffin in the Clippers’ locker room, although Griffin wasn’t in the mood to converse.“He’s down,” Rivers said. “It’s like oh, no, not again.” Newsroom GuidelinesNews TipsContact UsReport an Error AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThat is taken in an individual and team sense. Griffin’s biggest NBA obstacles are the muscles and ligaments that threaten to burst through the skin, yet can’t weather 82 games, not the way he attacks them.The Clippers have already lost three of the top players they meant to use to fill the empty locker of Chris Paul.Griffin left the locker room without comment Monday night.“I think it’s hyperextended,” Rivers said, speaking of Griffin’s knee. ‘“I hope it’s hyperextended. I hope that’s all it is, because if it is, he might miss a game or two. I hope it’s not worse. That’s the last thing we need, missing that guy.”The first things they need are victories, and the Clippers still got one Monday, a vastly entertaining 120-115 win over a Lakers squad that will wonder how it got away.center_img The Clippers were up 112-110 with 3:53 left when Griffin came to the bench and then disappeared into the wings. They still won, possibly because the Lakers launched a cascade of bad shots, possibly because there are nights when there is no bad shot if it comes off the fingertips of Lou Williams.Williams was with the Lakers for much of last season, so there were no secrets here. He bombarded them with 42 points, hit all 14 of his free-throw attempts and all seven in the fourth quarter, and went 12 for 21 from the field. He and Austin Rivers combined to go 19 for 37 for 61 points. All were needed against a Lakers team that pounded the Clips with second-chance points and bench production.“I used to guard him,” Austin Rivers said. “Don’t let him go left. I don’t know why teams do it, but they do. He shoots this fading shot and you can’t block it. But tonight he went right, too. He threw down that one dunk, over Josh Hart, and they had to take him (Hart) out of the game right then. He’s more athletic than you think.“He’s a lot like Jamal Crawford was last year, where he can just go off at any time and there’s nothing you can do about it. Jamal was a little more of a finesse guy. He’d shoot more 3-pointers. He also played with the ball a little more. With Lou, he gets it and he’s either going to the basket or passing or shooting. There’s no hesitation.”With guard Patrick Beverley out for the season, Williams’ chances of winning the Sixth Man Award have diminished. “We have to start him now,” Coach Doc Rivers said.Williams has played 37, 36 and 37 minutes in his three starts. Conservation is not in the cards until the fallen Clippers begin returning to the perimeter, such as Danilo Gallinari and Milos Teodosic. The Clipper bench provided only 20 points on Monday.Unfettered scorers are part of NBA lore. It’s not selfishness if you keep making the shots. Philadelphia had World B. Free and Andrew Toney, both known as the Boston Strangler for the carefree way they pounded jump shots in Boston Garden. There was Vinnie Johnson, the Microwave. James Harden was a killer sixth man when he played for Oklahoma City. And there was the afternoon in 1987 when Golden State’s Sleepy Floyd fired all his guns at once and laid 29 fourth-quarter points on the Lakers in a playoff game, 51 in all.It’s even more special these days, with the single-spaced defensive scouting reports designed to prevent that very thing. But guys like Williams can still turn nine other players into bystanders.Kentavious Caldwell-Pope was trying to match Williams, bomb for bomb, through most of the game, but it took him 28 shots to get his 29 points. Jordan Clarkson, the new bench force for the Lakers, led a comeback with 17 points, but there was too much heave-and-hope shooting at the end for the Lakers to keep up.At least they aren’t dreading the next MRI.“I fell on him and I felt his knee, I felt it,” Austin Rivers said, shaking his head.As for Doc Rivers, he shrugged and said, “He might be all right. He might not.” Tuesday will clear that up for a coach who never thought he’d be praying to hear “day-to-day.”last_img read more

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49ers hand Kyle Shanahan multiyear contract after Super Bowl appearance

first_imgCongrats coach!The #49ers announced today that the team has signed head coach Kyle Shanahan to a multi-year contract extension.— San Francisco 49ers (@49ers) June 15, 2020San Francisco limped to a 4-12 record in 2018 with quarterback Jimmy Garoppolo limited to three games because of a torn ACL. The nine-win improvement is tied for the third-largest in NFL history, surpassed only by the 1999 Colts and 2008 Dolphins. Those teams won 10 more games than the previous year.  Shanahan, the son of two-time Super Bowl champion coach Mike Shanahan, is 23-25 in three seasons since being hired as the 49ers’ coach in February 2017. He led San Francisco to a four-win upgrade over its 2016 campaign during his first season in charge.  Prior to joining the 49ers, the younger Shanahan served as the Falcons’ offensive coordinator and played a key role in the team reaching Super Bowl 51 during the 2016 season. He was criticized for his play-calling late in the fourth quarter of that game after the Patriots completed a second-half comeback from a 25-point deficit to win 34-28 in overtime. The 49ers on Monday rewarded coach Kyle Shanahan with a multiyear contract extension following the team’s run to Super Bowl 54.The team did not disclose terms of the agreement, but Shanahan reportedly received a new six-year deal through the 2025 season that will replace the remaining three years on his original contract. Shanahan, 40, helped engineer the best reversal of fortune in franchise history when he guided the 49ers to a 13-3 regular-season record and two more wins in the NFC playoffs to reach the Super Bowl last season. San Francisco took a 10-point lead into the fourth quarter of that game before the Chiefs rallied for a 31-20 victory.last_img read more

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