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How a green investment bank really works
2015-07-13 01:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Business secretary Vince Cable, responsible for the UK's Green investment bank (GIB), visits the German development bank KfW today, a day after the law establishing the GIB was published. It will be an interesting visit. When I met Leon Macioszek, director of KfW in Berlin on Tuesday, I pointed out that the GIB can't actually borrow. This rendered him speechless as his mind wrestled hopelessly with the contradiction. But I am sure he will recover in time to tell Cable about the bank's work. There...
Australia: Coalition bans government's clean energy bank from financing wind power
2015-07-12 03:18:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The federal government has ordered the Clean Energy Finance Corporation (CEFC) not to make any future investments in wind power, instead focussing on emerging technologies, trade minister Andrew Robb has confirmed. Fairfax media reported on Sunday that the treasurer, Joe Hockey, and the finance minister, Mathias Cormann, bypassed the environment minister, Greg Hunt, in issuing the CEFC with the directive. Robb told Sky News on Sunday that that was a total beat-up. Greg was fully cognisant...
Tags: power
australia
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bank
Boeing Can Thrive Without The Ex-Im Bank
2015-07-10 15:55:11| Trucking - Topix.net
As of July 1, 2015, the charter for the Export-Import Bank lapsed. This means that Ex-Im can continue working on existing agreements, but cannot approve new loans, guarantees, or insurance.
Boeing Can Thrive Without The Ex-Im Bank
2015-07-10 15:14:04| Air Courier - Topix.net
As of July 1, 2015, the charter for the Export-Import Bank lapsed. This means that Ex-Im can continue working on existing agreements, but cannot approve new loans, guarantees, or insurance.
Shock tax delivers $400m hit to NAB's Clydesdale Bank, complicates UK exit
2015-07-10 05:30:46| Automakers - Topix.net
The shock bank tax announced in the UK budget this week will complicate National Australia Bank's sale of Clydesdale Bank, says Commonwealth Bank of Australia analyst Victor German, who has sliced his valuation of NAB's difficult UK asset by $425 million. UK chancellor George Osborne surprised the market when he announced an 8 per cent tax on bank profits in the UK budget on Wednesday, which also removed a controversial bank levy that HSBC and Standard Chartered had argued could force them out of the UK.
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