Certain defined terms This document comprises the Annual Report and Accounts 2020 for The Hongkong and Shanghai Banking Corporation Limited ( the Bank ) and its subsidiaries (together the group ). References to HSBC , the Group or the HSBC Group within this document mean HSBC Holdings plc together with its subsidiaries. Within this document the Hong Kong Special Administrative Region of the People s Republic of China is referred to as Hong Kong . The abbreviations HK$m and HK$bn represent millions and billions (thousands of millions) of Hong Kong dollars respectively. Cautionary statement regarding forward-looking statements This Annual Report and Accounts contains certain forward-looking statements with respect to the financial condition, results of operations and business of the group.
CK Group s Canadian Power Holdings to Acquire Okanagan Wind Platform
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Strong fit with existing operating platform and investment strategy
CALGARY, AB, Feb. 4, 2021 /CNW/ - CK Group s wholly-owned Canadian Power Holdings Inc. ( Canadian Power ), a Calgary, Alberta-based investor, owner and operator of power generation assets, agreed to acquire two wind power facilities located in the Okanagan region of British Columbia ( Okanagan Wind ). The agreement includes the purchase of 100% of the equity interests in Okanagan Wind and the assumption of certain debt from InstarAGF Asset Management. The transaction is expected to close towards the end of Q2 2021.
By Susanna Rust2020-12-16T16:58:00+00:00
The Church of England’s national investing bodies have banned investment in nine companies and stuck with 12 after asking them to meet certain climate change-related standards, according to an announcement today.
They said they would divest the restricted companies in which they have holdings as soon as possible. As of 21 October, the total value of their holdings in the companies was £32m (€34.9m).
Ten of the 12 companies that stayed off the new restricted list did so because they sufficiently improved their disclosure, governance or strategy, according to the Church of England announcement.
The remaining two – Polish power company PGE and Reliance Industries of India – are being given more time to make changes after demonstrating positive engagement.