See Why Sovereign Wealth Funds are Betting on Clean Tech
Posted on 12/24/2020
2021 is approaching and sovereign wealth funds are increasingly taking a deeper look into ESG investing and sustainable investments, particularly in renewable energy. Despite the gloomy coronavirus lockdowns, sovereign wealth funds continue to allocate mounds of capital into clean tech investments. Sovereign investors are backing both new green technologies, while supporting large-scale solar and wind power plants. Even though the majority of European and Gulf-based sovereign wealth funds derive their wealth from fossil fuels, there is a greater need for them to diversify into alternative energy as low oil prices continue to toil. Low oil prices have deeply impacted the budgets of Gulf economies, forcing them faster to rethink their old ways of doing things. For example, Saudi Arabia was forced to lower its budget plan for 2021 by 7% from this year’s. This was due to the coronavirus lockdowns, which imp
ASB s attempt to syndicate Yealands loans failed, Marlborough Lines reveals
15 Dec, 2020 04:28 AM
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In 2019 ASB unsuccessfully attempted to syndicate its debt to Yealands Wine Group, the Marlborough wine company s owners revealed this week. Photo / supplied
In 2019 ASB unsuccessfully attempted to syndicate its debt to Yealands Wine Group, the Marlborough wine company s owners revealed this week. Photo / supplied
Yealands Wine Group sold off a chunk of its vineyards to the Super Fund after an attempt to syndicate loans held by ASB failed. At the start of December, Yealands announced that it was selling four of its Marlborough vineyards to the New Zealand Superannuation Fund, for a price understood to be $34 million.
Australian beef seedstock industry crucial to continued growth with genetics seen as the key to herd rebuilding
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DecDecember 2020 at 11:59pm
Palgrove Stud s young polled Charolais bulls have had an impact on the breed across the world.
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Australia is the second largest exporter of beef in the world according to figures from industry group Meat and livestock Australia (MLA) but the research and development organisation says extensive drought conditions have taken the country s beef herd size to its lowest level since 1992 at 24.7 million head.
With exports making up 60 per cent of beef production, the industry s aim is to build up the herd size again and is looking to the seedstock industry to help by supplying the best genetics for the future.