Institutional investors call on carmakers to come clean on lobbying

first_imgSweden’s AP funds and the UK’s Environment Agency Pension Fund (EAPF) have called on some of the world’s largest car manufacturers to disclose any lobbying undertaken over forthcoming emissions legislation.Coming in the wake of Volkswagen’s admission it used software to beat emissions tests, institutional investors worth £625bn (€842bn) wrote to nine automobile companies – including Volkswagen, BMW and Daimler – asking for the disclosures.Catherine Howarth, whose responsible investment charity ShareAction coordinated the letter, said she was pleased her organisation was helping investors acquire “risk-relevant” information on manufacturers’ relationships with regulators and politicians.“The share price carnage brought on by the defeat-devices scandal has focused the minds of shareholders of automobile firms,” she said. VW’s share price has fallen by 32.6% since the US Environmental Protection Agency raised questions about how its diesel engines behaved during emissions testing.The letter – signed by AP2, AP3, AP4 and AP7, as well as the EAPF, Finland’s Ilmarinen and AXA Investment Managers – calls on the nine companies to disclose their position on EU legislation on CO2 and the US Corporate Average Fuel Economy (CAFÉ) regulations.Volkswagen, BMW, Honda, Daimler, General Motors, Ford, Fiat, Peugeot and Toyota have also been asked to disclose their contributions to industry associations, and detail work undertaken with the European Automobile Manufacturers’ Association (EAMA), which ShareAction alleges was “obstructing” the EU legislation.The letter follows similar efforts by ShareAction for fossil fuel companies to be more transparent on lobbying done on their behalf by oil and gas industry groups.A separate letter has been sent to Nissan and Renault, whose chief executive Carlos Ghosn is currently chair of EAMA, asking for him to engage with investors.In the wake of the Volkswagen scandal, third-party litigation funder Bentham Europe said it was in discussions with institutional investors to bring a lawsuit against the German car firm.last_img read more

Cricket News Journalist Rajat Sharma set to contest for DDCA President’s position

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Famous journalist Rajat Sharma on Wednesday announced that he will be contesting for the post of Delhi & District Cricket Association (DDCA) President, the elections for which will be held on June 30.Rajat Sharma is a Padma Bhushan awardee and his team will have Rakesh Bansal, who will fight for the post of Vice President, Vinod Tihara (Secretary) and Om Prakash Sharma.The names of the rest of the panel will be released later, read a statement from Sharma’s group.Rajat Sharma’s candidature is backed by former DDCA President Sneh Bansal and International Hockey Federation (FIH) President Narinder Batra.The dates for the elections were declared on Tuesday by administrator Justice Vikramjit Sen. The polls will be held without the proxy voting system.The proxy system of voting has been considered the root cause of corruption in DDCA. last_img read more

Adoree’ Jackson leads No. 12 USC over Notre Dame

first_imgWith rain drizzling on the Coliseum late in the first half, it seemed like USC could have a legitimate game on its hands. A Notre Dame side with nothing to play for besides pride was nearly matching the Trojans shot-for-shot on both sides of the ball. Only a missed Irish field goal had allowed USC to hold onto its 10-7 lead.“You looked up and it was a close game,”  head coach Clay Helton said. “Rain’s coming down, wind’s blowing and it’s one of those ball control days. You’re just hoping and praying for a big play.”Adoree’ Jackson’s three touchdowns paced USC in a win over Notre Dame – Nick Entin | Daily TrojanIt did, as with less than two minutes to go before halftime, Adoree’ Jackson happened. The Trojans’ jack-of-all-trades gamebreaker caught a punt around midfield and raced into the end zone. 17-7. The junior’s third return touchdown of the season set the stage for redshirt sophomore cornerback Ajene Harris, who scored a pick-six on the ensuing Irish drive. 24-7.Less than a minute had ticked off the game clock, and the Trojans had more than quintupled their advantage. That first-half swing helped propel No. 12 USC past rival Notre Dame, 45-27, on Saturday afternoon at the Coliseum. “It’s just one of those feelings you can’t describe,” Jackson said. “We were just having so much fun out there. This has probably been the most fun game I’ve ever been a part of.”The Trojans weren’t at their clinical best, coughing the ball up once on a punt return and taking occasional bad penalties on defense, but they still had the star power to beat down the Fighting Irish. Sophomore tailback Ronald Jones II scampered 51 yards into the end zone during the first, and redshirt freshman quarterback Sam Darnold was his usual elusive self, throwing for 205 yards and two touchdowns. Jones rushed over the century mark for the fourth time in five weeks.But even among a roster of stars, it was Jackson’s whose shone brightest this weekend. In addition to his punt return, Jackson took a screen 52 yards for the score early in the third quarter. Then, with Notre Dame refusing to roll over, he took a kickoff 97 yards to the house for good measure to give USC a 38-21 lead. Jackson finished with three touchdowns — a kickoff return, a punt return and an offensive touchdown — in what could have been his final game in a USC uniform at the Coliseum. He tallied 291 all-purpose yards, spread across receptions, rushes, and returns.But entering the game, Jackson wasn’t feeling entirely on top of his game. Emotional over senior night, Jackson devoted his last game in the Coliseum of the season — and possibly of his career — to his senior teammates.“I was in my feelings a little bit,” Jackson said. “I’ve been with them three years and then to see them go, I was a little bit emotional and sad. I wanted to do something for them, make sure they didn’t go out with a bitter taste in their mouth.”Things arnoldidn’t start as smoothly as the scoreline suggests for the Trojans. Despite scoring a field goal on its opening drive, USC allowed a 74-yard run from tailback Josh Adams in its opening defensive play, which took the Irish to the one-yard-line. Quarterback DeShone Kizer punched it in to give Notre Dame a 10-7 advantage.Jones responded with his long touchdown run to give USC the lead back, but neither team was able to take control of the game through most of the first half–until USC dropped the double whammy of Jackson and Harris. Against the run of play, the Trojans took a commanding 24-7 lead at the half.The momentum brought into the locker room at the half was a necessity for USC. It required players to step up with clutch plays at key moments, something that Darnold says has become a brand of this Trojan offense.Sam Darnold throws a pass in the win over Notre Dame – Nick Entin | Daily Trojan“Every single game, it’s great to have our athletes come out here and make their plays,” Darnold said. “Whenever guys can make their plays when they’re called upon, that’s something special, and that’s really the culture we’ve established here.”But Notre Dame came out firing in the third quarter, recovering a Jackson fumble during a punt return and putting up seven points off the turnover. USC, in turn, responded immediately with a Jackson touchdown. This became a trend throughout the second half, with the Trojan lead bouncing between ten and 17 as the teams traded blows.The final nail in the Irish coffin finally came in the fourth quarter, when a red-zone fumble from sophomore running back Aca’Cedric Ware was overturned thanks to a targeting penalty. Darnold found junior JuJu Smith-Schuster for the Trojans’ sixth touchdown of the day, opening a 24-point advantage and icing the game.Putting a game away is certainly easier when you have a host of weapons through the air and on the ground, be it Jones, Smith-Schuster or Jackson. USC finished with almost an exact balance between receiving and rushing yards: 205 to 207.Ronald Jones scampers for a 52-yard touchdown run in USC’s win over Notre Dame – Nick Entin | Daily Trojan“There’s an overall chemistry of the offense right now that I really like,” Helton said. “There’s not one thing that the defense can take away. The balance right now speaks volumes to me.”That consistency has been the source of constant improvement for a team that started in the worst way in September. After a blowout loss to Alabama, a heartbreaker last-minute loss at Utah and a blow against rival Stanford, the team that jubilantly crushed Notre Dame seems completely transformed.And that’s what Helton takes the most pride in.The Trojans don’t know whether they’ll play once more or twice more, in a major bowl game or in a Pac-12 Championship. But at the end of a regular season that started with disaster and ended with celebration, Helton seems confident that a new era of Trojan football is beginning to make itself heard when it matters the most.“I look at us from game one to where we are now and I do truly believe that we’ve improved each and every game that we’ve played,” Helton said. “We’re playing our best ball in November and that’s what you’re remembered by.”last_img read more