New York attorney general sues ExxonMobil on climate risk reporting

first_imgNew York attorney general sues ExxonMobil on climate risk reporting FacebookTwitterLinkedInEmailPrint分享The Washington Post:New York Attorney General Barbara D. Underwood sued ExxonMobil on Wednesday, accusing the oil giant of defrauding investors about the financial risks of climate change and lying about how it was calculating potential carbon costs.The New York lawsuit accuses ExxonMobil of assuring its investors that it was using theoretical prices for carbon in evaluating projects — from $20 to $80 a ton depending on the country — when in fact it often used a lower price or none at all. The lawsuit said that “this fraud reached the highest levels of the company,” including former Exxon chief executive and former secretary of state Rex Tillerson, who the lawsuit said knew for years that the company “was deviating” from public statements and was using two sets of calculations about future regulation of greenhouse gas emissions.“The attorney general is effectively charging them with keeping two sets of books — one for internal purposes, one for external,” said Tom Sanzillo, director of finance at the Institute for Energy Economics & Financial Analysis, which conducts research on energy and the environment. “The result is a distortion of the value of the company.”The lawsuit says that ExxonMobil’s dual accounting calculations had a huge impact on the purported value of the company. It says that the company’s failure to apply an internal price on carbon at 14 of its oil sands projects in Alberta, Canada resulted in undercounting future greenhouse gas expenses by more than $25 billion over the lifetime of the project. It also said that the oil giant did not apply any such proxy costs to the company’s reserves at Cold Lake, a major oil sands asset in Alberta, “resulting in an overestimation of its projected economic life by 28 years.”The New York attorney general’s suit zeros in on the company’s financial reporting. “Exxon told investors that it accounted for the risk of governmental regulation of climate change by applying a ‘proxy cost’ of carbon,” the attorney general’s office said in a statement. “Exxon told its investors that it used that proxy cost in its investment decisions, corporate planning, estimations of company oil and gas reserves, evaluations of whether its long-term assets remain viable, and estimations of future demand for oil and gas.” Yet, the complaint alleges, “Exxon frequently did not apply the proxy costs as represented in its business activities. Instead, in many cases Exxon applied much lower proxy costs or no proxy cost at all.”More: New York sues ExxonMobil, saying it ‘misled’ investors about climate change riskslast_img read more

What’s the Point?

first_imgOn just the 12th day of her record-attempting Appalachian Trail hike, with over 1,650 miles remaining, Jennifer Pharr Davis was broken down, depleted, and ready to give up. Perhaps the most disabling combination for a hiker—shin-splints and diarrhea—had been wreaking havoc on her body for the last four days. Negative thoughts and fear were poisoning her mind. “It was the perfect storm,” says Pharr Davis. “I was already way off pace and thought ‘there is no way I can get the record.’ I gave up.” She approached a juncture on New Hampshire roads where she was meeting her husband Brew, who was supporting the hike. She was sad to quit, but relieved to be done.The buildup to that juncture started seven years back when Jennifer was 21. Upon finishing college it struck her that her traditional education “happened in a box.” She knew nothing about the environment, and sensed that something central to her human experience was missing. She longed to connect with nature.So Pharr Davis set out on the Appalachian Trail for the first time. The experience taught her far more than rudimentary backpacking skills. “I met wonderful companions and felt indescribable awe,” she says. “I learned to prioritize people and experiences over stuff.”But perhaps more than anything, Jennifer connected with nature in a visceral way. “I discovered nature was not separate from me, but that I could be a part of nature, flowing with it.” Pharr Davis says she felt closest to God while on the trail. “I realized that maybe my gift is an ability to move swiftly in the wilderness. As a Christian, I felt obligated to use that gift.”And use that gift she did.  Just a few years later in 2008, with more training under her belt and the support both on and off the trail of her new husband, Jennifer hiked the Appalachian Trail in 57 days. It marked the fastest-known time ever for a woman. By then, hiking had become an integral part of Jennifer’s life. She started to think, “Maybe I could break the overall record.”Davis4_FIXThe overall record stood at 47 and 1/2 days and had been held by a long line of competitive male athletes who specialized in ultra-endurance events. Although Jennifer’s breaking the overall record would be akin to a woman beating all the professional men at the Boston Marathon (i.e., unthinkable), she had unshakeable self-belief, and the backing of Brew. They devoted themselves to going for it, dedicating the next three years of their lives to training and preparation.Fast forward to June 28, 2011, when Jennifer’s drive and chances of breaking the overall record came to a crippling halt as she approached Brew on those New Hampshire roads. “I finally got to Brew and told him I was quitting,” she says, but “Brew was not okay with it.” Brew reminded Jen that he had given up so much of himself for her, and that this was a team effort. It was only then, looking into her husband’s eyes, that Jennifer realized, “Until then, everything had been about me and the record. I was a slave to the record, it was all I was thinking about.” At that point, Pharr Davis had a revelation that changed everything:“I just totally released from the record. I started hiking out of a greater faith. I wanted to honor my God, to get back to the reasons that got me hooked on hiking to begin with—a love for the wilderness, a love for my husband, and to use my gift. I remembered that I feel closest to God when I am hiking up and down the trail as a part of nature, when I am loving my husband, when I am relishing in my gift. All of a sudden, the hike was no longer about a record, it was no longer about me. The whole thing became an act of worship to something greater than myself.”Although her physical discomfort ebbed and flowed throughout the hike, after that paradigm shift, Jennifer’s psychological distress evaporated. She quickly ascended from a very dark place.Thirty-four days later, after averaging over 47 miles per day, Jennifer had accomplished the impossible and shattered the overall record by 26-hours, a feat that earned her the title of National Geographic Adventurer of the Year. (Note: As of print, Jennifer’s record still stands. Scott Jurek, one of the world’s most heralded ultra-runners and a key character in Christopher McDougall’s hit book Born to Run set out to break the record in late May of this year.)Purpose as a Performance EnhancerI shared Jennifer’s story with University of Michigan professor Dr. Victor Strecher who studies the role of purpose in our lives and who is known for his expressive, articulate nature. He responded with an unusually short email: “Wow.”Dr. Strecher’s research shows that when people focus on their core values and a self-transcending purpose (a purpose greater than themselves), they become capable of more than they ever thought was possible. In a somewhat ironic twist, according to Strecher, “The less you think about yourself, the better you are likely to become.”Strecher says that when we concentrate on something beyond ourselves, our ego is minimized. This is important because a large part of our ego’s role is to quite literally protect our “self,” telling us to shut down or flee when faced with threats. When our ego is minimized, so too are the fears and anxieties that often hold us back from major breakthroughs. Liberated from our ego, a whole new realm of possibilities opens up. Jennifer Pharr Davis’s experience on the Appalachian Trail is a profound example of this phenomenon.What’s more is that emerging science is starting to show us what might have been happening in Pharr Davis’s brain during her memorable mindset shift on the trail. For a recent study published in the Proceedings of the National Academy of Sciences, “Self-Affirmation Alters the Brain’s Response to Health Messages and Subsequent Behavior Change,” researchers including Strecher used fMRI technology (allowing them to look at neural activity in the brain) to examine what happens when people are presented with threatening messages. Sure enough, individuals who were asked to reflect deeply on their core values prior to receiving a threatening message showed heightened neural activity in a part of the brain associated with “positive valuation.” In other words, their underlying neurology became more receptive to an otherwise threatening situation.It is also worth noting that the effects were not confined solely to the brain. The individuals who reflected on their core values actually went on to overcome threats and fear in real life at a much greater rate than a control group.Purpose is extremely powerful when it comes to being your best.What Jennifer Pharr Davis accomplished physically on the Appalachian Trail is extraordinary, and undoubtedly takes a gift that lies at least partially in genetics. But what she did psychologically is no less remarkable, and is accessible to us all. By shifting our orientation from focusing on ourselves to focusing on something greater than ourselves, we become more likely to reach new heights. Whether that greater purpose is religion, family, friends, charity, or something else entirely doesn’t much matter. What does matter is releasing from our ego. Going beyond our own little world. Transcending our self.last_img read more

Informants for Los Zetas Cartel Arrested in Mexico

first_imgBy Dialogo May 14, 2012 A group of four minors, including a 12-year old, in addition to a 30-year-old man, who acted as informants for the Los Zetas cartel, have been arrested in Apodaca, a locality in northern Mexico, the State Investigation Agency announced on May 10. “The two juveniles, 12 and 16 years old, accompanied by two 18-year-old women and a man who said he was in charge of them, were arrested by municipal agents” for monitoring the movements of Military and police personnel on behalf of Los Zetas, the state agency said in a statement. The 30-year-old man who was arrested said in his initial statement that he received about 1,033 dollars a month to coordinate the young people, who were each paid about 664 dollars a month. These individuals, known in the drug-trafficking world as “halcones” [falcons], were arrested in the municipality of Apodaca, which forms part of the metropolitan area of Monterrey, Mexico’s third-largest city. The arrests took place when police officers were conducting a patrol and detected the juveniles making telephone calls and sending text messages in a suspicious manner. On searching their mobile phones, they found that they were giving information to Los Zetas, a dangerous criminal organization formed by Military deserters that operates in several states in the country. Twenty other people, including a 63-year-old woman, who performed the same task were arrested on May 8, in the course of several operations carried out in recent days in Nuevo León (in northern Mexico), the capital of which is Monterrey. The states of northern and northeastern Mexico, including Nuevo León, are experiencing a rising wave of violence linked to struggles between drug cartels, in this case between the Gulf Cartel and their former allies Los Zetas, created in the 1990s. Over 50,000 people have died in Mexico as a consequence of clashes between drug-trafficking cartels and a Military offensive in the last five years, including an undetermined number of people without ties to criminal organizations.last_img read more

World Credit Union Conference – diversity, development, and dedication, ignite!

first_imgAnother successful World Credit Union Conference (WOCCU) has come to a close. What a fantastic experience, interacting with attendees from 61 countries around the world. Alison and I learned a lot and have a lot to share. Our biggest takeaway: the importance of diversity, development, and dedication. DiversityIn the United States, diversity is an increasingly significant focus for credit unions and a common theme in most of the strategic planning sessions we facilitate. The diversity present when global credit union leaders gather is breathtaking to behold. Passion for members and communities is high, and the ideas generated and shared are broad and relevant across very diverse geographic landscapes. This diversity made conversations richer and more meaningful.At the conference, there were several sessions focused specifically on the importance of diversity. We were fortunate to hear from our credit union friend Tonita Webb, EVP of Seattle Credit Union, as she shared her credit union’s experience and key lessons on creating an institution-wide focus on diversity, inclusion and equality, including how the credit union was able to recruit a diverse (age, gender, ethnicity) group of board members to fill retiring positions, and how leadership’s example has set the tone throughout their organization. Tonita’s main point: “a credit union cannot have inclusion without diversity.” This message is not only timely but critically needed in our country’s credit union system.We also had the opportunity to spend valuable time with Kathy Chartier, CEO of Members Credit Union. Kathy’s credit union is a best practice for how even small credit unions can set the bar high for diversity and inclusion. Her small-but-mighty team hails from six different countries and speaks two languages. Kathy’s secret? A compelling purpose centered on financial inclusion. That message has attracted greater diversity at the board, leadership, and staff levels. The result for both credit unions? Growth, relevance, and impact.DevelopmentThe World Credit Union Conference provides for an abundance of development and growth opportunities – development at a personal level and development for our credit unions. During the conference, Alison played a key role as part of the World Young Credit Union Professional (WYCUP) program (Alison was a 2006 WYCUP winner), and also participated in the Global Women’s Leadership Network (GWLN). Collectively, these two programs have created significant opportunities for women and young leaders across the globe to develop and advance. Energy, enthusiasm, and engagement are just three words to sum up the amazing group of young leaders attending this year’s WYCUP program. The purpose is simple: transform the future of the credit union industry and establish life-long global credit union champions through strengthening purpose and mission-driven leadership, exemplifying diversity and inclusion, and amplifying the voice of the next generation. With 19 years of successful engagement, this program has changed the lives of 700 individuals from 43 countries. If you consider the ripple effect, the number is in the tens of thousands. Sixty-three percent of participants have received a promotion during the past five years, and 27 percent have advanced to a C-level position or Board of Directors role. This program is truly changing lives. And when we talk about the future of credit unions, there is no doubt in our minds that credit unions are in great hands.We were honored to collaborate with WOCCU in the development of the World Small Credit Union Forum, focused on how credit unions can collaborate and cooperate to serve their members and communities better. More than 200 credit union leaders from around the globe participated in this best-practices panel, learning from their peers how to work together and achieve more. Examples of cooperation included small credit unions from Dominica that banded together to share resources. Talk about market share. Aylmer Irish, CEO of National Co-Operative Credit Union in Dominica, shared that his membership total is now 47,000 in a country with a population of only 74,000!CEOs from Ironworkers USA and Providence FCU shared how they collaborate on issues ranging from staff and board training to mortgage origination. Teri Robinson, Ironworker’s CEO, shared how collaboration supported a five-year annual average ROA of more than 2 percent! And Shirley Cate, Providence FCU’s CEO, shared how it’s been able to grow, expand geographically, and even form CU APPS, a Fintech CUSO! (Friends, innovation isn’t only found at large credit unions.) For me, this session reminded me that credit union challenges and opportunities are very similar, regardless of location.DedicationWe kicked off our WOCCU experience with a full day at the Caribbean Confederation of Credit Unions Development Educators Jamboree. If we could bottle up the spirit and energy from Caribbean credit union leaders and sell it to leaders when they need a pick me up – wow! The pure joy for what they do and their manner of collaboration is infectious. Seriously, if the credit union day-to-day doldrums have got you down, talk to any credit union leader in the Caribbean and your spirits will be lifted. Truly, these leaders know “why” they exist, and it drives all their focus. The cooperative spirit we experienced reinforced our belief that the credit union collective is a movement and not an industry. Seriously, at the World Credit Union Conference, people hold their heads a little higher and walk more proudly. This does not represent foolish pride, but happiness for doing something that really matters and making the lives and the communities they serve a better place to live. Why it mattersOn Sunday night, July 28, 2019, more than 2,100 credit union leaders from 61 countries gathered together under one roof to kick off three days of learning, sharing, networking, and community. Unlike other global movements or groups, this group was gathered with one focus: people helping people, and the credit union international operating principles. I hope American credit union leaders will remember that the world doesn’t revolve around them, but that they are part of a worldwide movement that continues to develop people, families, and communities. If there’s one thing this world needs today, it’s a not-for-profit movement committed to people helping people. To Brian Branch, Paul Treinen, Mike Reuter, Melvin Edwards, and the WYCUP and GLWN organizers and volunteers, thank you for an amazing experience! And if you’ve never been to the World Credit Union Conference, make sure to mark July 19-22, 2020 on your calendar. See you next year in Los Angeles! 67SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Scott Butterfield Scott is the Principal of Your Credit Union Partner, PLLC.Your Credit Union Partner (YCUP) is a trusted advisor to the leaders of more than 100 credit unions located throughout … Web: www.yourcupartner.org Detailslast_img read more

Dozen injured in American Airlines turbulence

first_imgLifestyleTravel Dozen injured in American Airlines turbulence by: AFP – December 17, 2014 TOKYO, Japan (AFP) — An American Airlines flight from Seoul to Dallas was forced to make an emergency landing in Tokyo early Wednesday after a dozen people were injured during turbulence, a report said.Flight AA280, carrying 240 passengers and 15 crew, was diverted to Japan’s Narita airport near Tokyo after the incident, which resulted in only minor injuries, Kyodo News agency said, citing the transportation ministry.Flight tracker Flightradar24 earlier said on Twitter that the plane diverted to Narita with 15 passengers hurt in the turbulence. Share 412 Views   no discussions Sharing is caring!center_img Tweet Share Sharelast_img

Trojans Fall To Indians In Middle School Hoops

first_imgThe St. Nicholas Trojans traveled to Milan Wednesday evening to take on the Indians.  The 5th Grade Trojans came up short being defeated by the Indians by a score of 34-30.  The 6th Grade Trojans lost to the Indians by a score of 36-26. Courtesy of Trojans Coach David Hoff.last_img

Kulusevski completes Juve move

first_imgRelatedPosts Pirlo not out to copy anyone after Juventus’ comfortable opening win Juve’s Pirlo gamble makes new Serie A season the most open for years Pirlo bags UEFA coaching badge Dejan Kulusevski has completed his move from Atalanta to Juventus after undergoing a medical. The Swedish midfielder, who has impressed on loan at Parma this season, will cost the Bianconeri around €35 million, which could rise to €44 million with add ons. He has agreed a four-and-a-half-year deal at Juventus and will be presented in the coming days, though he will stay on loan at Parma for the remainder of the campaign. Kulusevski has scored four goals and provided seven assists in 17 matches in Serie A this season.Tags: AtalantaBianconeriDejan KulusevskiJuventuslast_img

Solskjaer set for Cardiff – reports

first_imgOle Gunnar Solskjaer has agreed to become manager of Cardiff, according to reports in Norway. Following Malky Mackay’s sacking on Friday the former Manchester United striker and current Molde manager was quickly marked out as Cardiff chairman Mehmet Dalman’s number one target to replace the Scot. Earlier this week it had been suggested Solskjaer, 40, had reservations about taking the job following Cardiff owner Vincent Tan’s numerous disputes with Mackay over recent months. But Dalman remained confident he could convince the Norwegian to take over at Cardiff City Stadium with the promise of money to spend in the January transfer window and reassurances over the working structure at the club. Press Association Sport understands the deal for Solskjaer to take over has yet to be completed and negotiations are continuing. Solskjaer has enjoyed a successful spell in charge of Molde, guiding them to two Norwegian titles and a Norwegian Cup. He turned down the chance to become Aston Villa manager prior to the appointment of Paul Lambert at Villa Park, while he had also been linked with the current vacancy at West Brom. Tan was not due to attend Wednesday’s game against Arsenal at the Emirates, but it has been reported he and Solskjaer were flying into London ahead of the fixture for further discussions. center_img Press Associationlast_img read more

Lawyer: Woods Could Still Be Sued for Employee’s Death

first_imgTiger Woods is not completely out of the legal woods just yet.Attorney Spencer Kuvin says he could bring the local golf legend back into a wrongful death lawsuit involving Woods’ Jupiter restaurant, “The Woods.”Kuvin recently dropped Woods from the case that also names Woods’ girlfriend for allegedly causing the death of 24-year-old bartender Nicholas Immesberger following his shift at the restaurant.According to the attorney, who is representing Immesberger’s parents , “We voluntarily dropped Tiger Woods from the lawsuit without prejudice. That means we could bring him back later.”Attorneys for the restaurant recently accused Kuvin of destroying evidence that could help their argument that neither the restaurant nor Woods’ girlfriend, Erica Herman, caused the car accident that killed Immesberger last December. In court papers filed this week, they also asked Palm Beach County Circuit Judge Lisa Small to sanction Kuvin for falsely claiming that Herman served drinks to Immesberger before the crash, even though she reportedly knew he struggled with alcoholism.Kuvin responded that Woods’ restaurant was known for alcohol and marijuana use among employees. He said of Herman, “She endorsed and encouraged a reckless and irresponsible ‘party culture’ throughout the restaurant,” adding that he has evidence Herman often drank excessively and smoked marijuana while working. Kuvin further claims that free alcohol was available to workers, and that managers and employees frequently sold marijuana to each other.Meanwhile, attorney Barry Postman, who represents Herman and the restaurant, counters that drinking on the job was prohibited, and that Immesberger made a bad decision to drive that night.Tests showed that Immesberger was under the influence of alcohol and marijuana when he crashed his grandfather’s Corvette on South Federal Highway in southern Martin County.Kuvin dropped Woods from the lawsuit after Postman filed papers saying the golfer did not actually own the restaurant, but was only an investor.Herman claims that Postman was unaware Immesberger had an alcohol problem.Under Florida’s dram shop law, restaurants cannot be held responsible for a patron’s excessive drinking unless they served alcohol knowing the person was “habitually addicted.”last_img read more

USC holds first human rights conference

first_imgThe Student Alliance for Nationalism and Democracy, an anti-genocide coalition, hosted its first annual Human Rights Conference on Saturday, which included participants from USC and other regional universities. The conference aimed to address issues of human rights in developing countries and promote humanitarian goals across the world to help end genocide.The conference included speeches, workshops, presentations on activism and a documentary screening and was funded by USG and the Jewish World Watch.“We have been working on this for a while now,” Darcy Gleeson, a STAND activist and writer for the Daily Trojan, said. “I hope that today everyone leaves with a greater understanding of [world] conflicts and how they are directly a part of [these conflicts]. We are a part of a chain that has a big effect on people.”There were two workshops by the Jewish World Watch and iEmpathize. The JWW workshop was conducted by Mike Brand, director of policy and programs at JWW, and Noa Oldak-Moradian, a program associate at JWW. They deliberated on strategies of effectively engaging Congress to fight genocide and discussed the civil war in the Democratic Republic of the Congo. Brand and Oldak-Moradian also brought up the Genocide and Atrocities Prevention Act and other methods used to connect citizens with government agencies working on such issues.JWW also made an appeal to the students to support their cause by tweeting to the state senators to sponsor their initiative.Guido Hajenius, iEmpathize’s Southern California Office Engagement Coordinator, discussed how social media can be used as a platform for activism to evoke empathy and empower people to eradicate child exploitation. Hajenius observed that throughout the world, the millions of cases of sexual violence against children and that juvenile exploitation is not only criminal but has cultural implications as well.“If we are not going to engage other people in this initiative, we are not going to solve this problem,” Hajenius said. “The key thing about empathy is that when you are relating to the suffering of others, you are identifying them to be your equal level, which means everything.”The conference also featured a workshop about student activism by former STAND President Francesca Bessey.The event ended with the screening of the documentary film When Elephants Fight. The film focuses on the controversy over mineral-rich soil in the Democratic Republic of the Congo, and the civil war that has brought poverty, war and corruption to the Congolese while corporations, nations and armed groups have made billions sustaining today’s technology. A noted social activist and filmmaker, Michael Ramsdell, was present to discuss the documentary afterward.Manaswini Tummala, a senior majoring in international relations and economics, said that the conference was effective in not just raising awareness for activism, but also as a potential networking event for people who are considering a career in the field.“Such conferences show you that there are alternate career paths that you can take after college, working for the society and non-profits,” Tummala said. “More importantly, they show you how to connect with a lot of people within your workspace and still make a difference.”Correction: A previous version of this article misquoted Mike Brand as saying “The development on campus is a really great example of grad students and GAPA coming together to work on such important issues. The modern workers are working hard to get this bill introduced in the Senate.” The quote has been removed. The students are working together on important issues and GAPA is an example of grass-roots advocacy. The Daily Trojan regrets the error.last_img read more