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Flexible electricity billing

Flexible electricity billing Linking power rates to fuel cost should not be politicized The Korea Electric Power Corp. (KEPCO) said Thursday that it would base its power rates on global prices of energy sources from next year. The state utility plans to adjust its billing table every three months to reflect global liquefied natural gas, coal and oil prices. It will also introduce a climate change surcharge as the nation shifts from nuclear power to renewable energy. Under the revamped electricity billing system, a four-member household that uses 350 kilowatts of electricity a month will see its power bill fall by 1,050 won to 1,720 won ($0.94 to $1.56) a month. However, the reduced power bill is due to low world oil prices amid the COVID-19 pandemic. When the coronavirus ends and oil prices rebound, higher power rates will be inevitable.

Sorry Warren Buffett, Climate-Change Focused Church of England Money Keeps Berkshire Hathaway on Restriction

Sorry Warren Buffett, Climate-Change Focused Church of England Money Keeps Berkshire Hathaway on Restriction Posted on 12/19/2020 Twelve companies made changes to stay off the Church of England’s restricted list. The Church of England National Investing Bodies (NIBs) have been active for many years in fighting climate change and are committed to reducing the carbon footprint of our investment portfolios to net zero by 2050. In 2018, the Church of England Synod called for the NIBs to divest from fossil fuel companies not aligned with the goals of the Paris Agreement by 2023, leading to the NIBs setting 2020 and 2023 investment hurdles. The Church Commissioners for England, the Church of England Pensions Board and CBF Church of England Funds, which comprise the NIBs, will divest the restricted companies in which they have holdings as soon as possible. This is the first time the NIBs have restricted companies that fall short of specific carbon emission standards.

Church, ethics group start initiative to monitor mining dam safety

Church, ethics group start initiative to monitor mining dam safety Bloomberg Workers operate a heavy equipment to clear debris and mud as part of the recovery effort after the Vale SA Corrego do Feijao tailings dam collapse in Brumadinho, Brazil, in 2019. European investors are partnering to implement a global tailings dam standard for mining companies they own through the creation of an independent institute. The £2.8 billion ($3.7 billion) Church of England Pensions Board, London, and the Council on Ethics of the Swedish National Pension Funds, Stockholm, announced Friday they are joining together to launch the institute. Following the 2019 Brumadinho tailings dam disaster in Brazil in which an earthen dam was breached, resulting in 270 deaths, investors have engaged with mining companies to develop a standard practice in efforts to avoid waste management disasters at mining sites, according to their websites. The standard was developed by investors in August, and the investo

Kepco to adopt flexible electricity bills linked to resource costs

Kepco to adopt flexible electricity bills linked to resource costs
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