Exclusive-ADB, Citi, HSBC, Prudential hatch plan for Asian coal-fired closures -sources
FILE PHOTO: A protester holds a bucket of coal during a demonstration demanding Japan to stop supporting coal at home and overseas, at the G20 Summit in Osaka, Japan, June 28, 2019. REUTERS/Jorge Silva
August 3, 2021
By Clara Denina and Melanie Burton
LONDON/MELBOURNE (Reuters) – Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said.
The novel proposal, which is being driven by the Asian Development Bank, offers a potentially workable model and early talks with Asian governments and multilateral banks are promising, the sources told Reuters.
Coal country cleanup: Biden plan sketches out possible future for former miners hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Coal country cleanup: Biden plan sketches out possible future for former miners
Reuters | Jul 28, 2021 03:50 PM EDT
Troy Mullins, 20, and father Cosam Mullins, 86, pose for their portrait at an Abandoned Mine Land reclamation site where they both operate heavy equipment in Clinchco, western Virginia, U.S (Photo : REUTERS/Dane Rhys)
Cosam Mullins mined coal in the western hills of Virginia for much of his working life. Now, with mining jobs hard to find, he s cleaning up the mess the industry left behind.
The 68-year-old operates a bucket loader scraping away red, rocky waste dumped years ago by failed coal mine operators in a valley in the town of Clinchco, Virginia.
Labor Department expands jobless aid for those forced to choose your money or your health Alexis Keenan
Workers whose states denied them unemployment aid during the COVID-19 pandemic may be able to retroactively access benefits back to Feb. 2, 2020, according to a new Labor Department rule issued Thursday.
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The Department of Labor (DOL) broadened access to the federal pandemic unemployment assistance (PUA) established under the CARES Act, and comes in response to a Jan. 22 executive order seeking clarification on who qualifies for it.
The DOL rule expands eligibility to certain workers who refused to show up based on unsafe conditions, education workers who lost work due to volatile work schedules, and employees whose hours were reduced or who were permanently laid off. The department also clarified that primary caretakers for children whose schools have closed have a valid, pandemic-related reason for not working.
KS meatpacking workers still waiting for vaccines kfdi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kfdi.com Daily Mail and Mail on Sunday newspapers.