UK parliamentary committee admits error on climate change assessment

first_imgWith the exclusion of Lloyds and HBOS, an updated version of the list of “less engaged” now includes the £32bn (€36.7bn) Electricity Pensions Trustee (EPT), the £25bn BP Pension Fund (BPPF), the £15bn Aviva Staff Pension Scheme and the £12bn Ford Pension Fund. The EAC said a revised assessment was likely to be made over the next few days, including a further publication of its findings.Aviva and Lloyds declined to make any further comment, as did a spokesperson for Mary Creagh, chair of the EAC.Ford, BPPF and EPT did not respond to requests for comment. The UK parliament’s Environmental Audit Committee (EAC) has rowed back on its initial assessment of pension funds’ investment attitudes towards climate change risk following an administrative blunder that failed to fully take account of the submission by Lloyds Banking Group’s pension scheme trustees.The EAC, a committee of politicians and effectively the parliament’s green watchdog, published its findings last week. It deemed six of the UK’s 25 largest pension funds to be “less engaged” with environmental risks – or not having “formally considered climate change as a strategic risk”, according to the committee.However, over the weekend the EAC admitted that, due to an “administrative error”, the assessment of the response from the Lloyds and HBOS schemes’ trustee board had been “based on an incomplete version”.Last week, Lloyds had asked that “the EAC publishes our full response to its request for information, rather than the covering letter, which is currently all that is available on its website”.last_img read more

Lakers’ third consecutive win over Phoenix soiled with nearly blown lead

first_imgNance Jr., Hibbert and Clarkson all threw down dunks.“All I remember that is Kobe telling me I’m going to the hole like a light-skinned dude,” Clarkson said. “I have to go to the hole like a dark-skinned dude. As soon as the lane opened up, that’s all I could remember.” Williams could not miss with an 11-of-17 clip and a 6-of-7 mark from 3-point range, including a trey at the halftime buzzer. Nance also became effective despite Scott’s revelation that he has not run a play for him.“It’s constant energy,” Nance Jr. said, before naming Clarkson, Williams and Hibbert as scorers. “My job is to be off the ball, get rebounds, slip and do all the little things. Unfortunately, they’re taking notice of that and rewarding me.“ It should be noted the Lakers secured victories against the NBA’s worst team (Philadelphia) and fifth-worst team (Phoenix), the latter on a nine-game losing streak amid Eric Bledsoe’s season-ending left knee injury.But the Lakers will take the victory. Yet, that sets up Randle and Russell in a precarious position. The more the Lakers win, the less they likely will retrieve their starting roles back.“Don’t mess up the little rhythm we have right now,” Scott said. “Let’s keep it the same and see how this plays out. If it goes back to the point where we lose a couple in a row, then we’ll make a change. But not right now.”Scott will surely insert Bryant into the lineup over rookie forward Anthony Brown, assuming Bryant heals soon. But Scott has also considered starting Randle at power forward and Russell at point guard, while sliding Nance Jr. to small forward and Bryant to shooting guard.“I thought about a bunch of nice scenarios,” Scott said. “It’s just a matter if I want to throw them out there or not.”But not with the Lakers sustaining a winning streak, no matter how short-lived it might last. Well maybe not everyone. Scott said beforehand about Russell and Randle, “The one thing I haven’t seen from one of those guys is them pouting.” Both appeared disengaged on the bench at the end of the game. “It might have bruised their egos when I first did it,” Scott said of Russell and Randle coming off the bench. “They were both shocked and disappointed. But now they have the chip on their shoulder where they want to get it back and earn it back. In doing that, they know they have to come out and play well.”But with the Lakers also playing well, things will stay the same. The Lakers moved the ball crisply and shot the ball with deadly accuracy. They defended by rotating swiftly and unyielding hustle. Soon enough, the streamers fell down from the Staples Center rafters as the fans cheered endlessly.It seemed like such a foreign concept to see. But it happened. The Lakers secured a 97-77 victory over the Phoenix Suns on Sunday, providing a new identity in the new year that is suddenly spawning positive vibes in a dour season.The Lakers (8-27) secured their first three-game winning streak since Feb. 22-27, 2014 as Lou Williams (30 points), Larry Nance Jr. (15), Roy Hibbert (13) and Jordan Clarkson (12) all cracked double figures. They also held Phoenix to 36-percent shooting, 16 assists, and outrebounded the Suns, 54-45. Yet, Lakers coach Byron Scott told his team afterward he “was not happy” for putting his starters back in after the Suns cut the Lakers’ 38-point lead to 86-70 with 5:53 left. After praising D’Angelo Russell and Julius Randle for handling their month-long bench roles, Scott called out Randle in front of the team to “guard your man” after posting only two points on 0-of-4 shooting to overshadow his 12 rebounds. “Julius is a 21-year-old kid,” Scott said. “I don’t mind him getting mad when he’s getting taken out.”Randle did not talk to reporters afterward. But he looked in better spirits after Lakers forward Metta World Peace consoled him on the bench.“He’s fine. He’s just too passionate,” World Peace told Los Angeles News Group. “He calmed himself down. We work with each other.”Randle also looked in higher spirits when Lakers fan David Moya, of Oakdale, Calif., hit a half-court shot in a promotion before the fourth quarter. Randle rushed onto the court and high-fived Moya, who received a $95,000 check that the Lakers say can be partly used to buy tickets for Kobe Bryant’s last game on April 13 against Utah.But with Bryant missing his second consecutive game while nursing soreness in his right shoulder, the Lakers relied on others. center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more