LONDON: Investors managing US$14 trillion in assets on Friday said they wanted all companies to set a climate transition plan and allow them to vote on it, ahead of next year's season for annual general meetings. The 53 investors, including UBS Asset Management, DWS and Legal & General Investment Management, said they were setting new expectations for companies as more firms publish plans to transition to a low-carbon economy. Currently, around a fifth of the world's 2,000 largest companies have done so, the investors said. Ahead of next round of climate talks in Scotland in November, countries the world over are committing to reach net-zero greenhouse gas emissions by the middle of this century in an attempt to stop catastrophic climate change. The investor group's statement, through the Institutional Investors Group on Climate Change, calls for all companies to produce a net-zero transition plan in line with the Taskforce on Climate Related Financial Disclosures ... » Learn More about Investors overseeing US$14 trln call for vote on company climate plans
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The following is the third in a series of excerpts from Kelvin Rodolfo's ongoing book project "Tilting at the Monster of Morong: Forays Against the Bataan Nuclear Power Plant and Global Nuclear Energy. " The most lethal of volcanic hazards that threaten the BNPP are pyroclastic flows. Unlike the volcanic landslides that Cojuangco was referring to which don’t go very far, pyroclastic flows can travel more than a hundred kilometers. Some pyroclastic flows form out of a single large volcanic belch. Others happen when hot gases mixed with fragmental debris and blobs of lava gush violently high into the atmosphere. Pinatubo in 1991 flung up an eruption column that towered more than 19 kilometers above the ground. Of course, as the cartoon shows, gravity must slow down the rising hot mixture, stop it, then accelerate it back down. Smashing into the volcano flanks, glowing-hot clouds and denser masses of gas and solid debris rush downslope at great ... » Learn More about [OPINION] Sear, kill, obliterate: On pyroclastic flows and surges
The President's next State of the Nation address is expected to be his last, barring an unconstitutional extension of his term, and he would naturally want his valedictory, a victory lap of his administration. At best, however, it would be a pyrrhic victory lap, for we, the nation, are not at our best. We are instead languishing: in the tides of history, in a flood of blood and tears. We languish in COVID, with the Philippines holding the ignoble record of the longest continuous lockdown. $15 million has been borrowed to tide the country over during the pandemic, but we've only seen infection numbers seesawing, business shuttering, families going hungry and losing loved ones, and the vaccination rollout still trying to gather steam. All this was derived from decisions made since February 2020, when, despite evidence that the Wuhan outbreak could become a pandemic, the Duterte administration dithered on controlling flights from the region. That other countries are also going ... » Learn More about [OPINION] The languishing state of the nation
On July 26, 2021, Monday, the country is set to hear Rodrigo Duterte’s last State of the Nation Address (SONA) as the sixteenth President of the Philippines. It is surreal that there is even a possibility that he would be invited to the SONA of the next President after the May 2022 National Elections, not only as immediate past president as protocol states, but as a newly elected vice president . This scenario has never been seen or discussed (or at least publicly on this scale) in Philippine history. No incumbent President has ever run for the position of Vice President on the election immediately succeeding his or her term as President. The closest example is when former President Gloria Macapagal-Arroyo ran for Representative of Pampanga’s Second District immediately after her term, which the Supreme Court previously held as valid. The talks of President Duterte’s candidacy as vice president does not only draw attention to the possibility of a continued hold onto ... » Learn More about [OPINION] What a (Vice) President Duterte reveals on the State of the Nation
Leyte 4th District Rep. Lucy Torres-Gomez. Contributed photo MANILA, Philippines — Leyte Rep. Lucy Torres-Gomez herself has assured Senate President Vicente “Tito” Sotto III that she would join the Lacson-Sotto tandem should she decide to run for Senate in 2022. Sotto said this on Monday as he branded as “fake news” a report that Torres-Gomez preferred to run under the group of newly-installed PDP-Laban president Alfonso Cusi, instead of joining their tandem. Torres-Gomez — wife of actor Richad Gomez, who is now the Mayor of Ormoc City — is a member of PDP-Laban. Both Senator Panfilo Lacson and Sotto have earlier announced their presidential and vice presidential bids in the 2022 elections. “I also want to correct a fake news that came out stating that Congresswoman Lucy Torres daw does not want to join us but is joining the slate of Secretary Cusi… I was just on the phone with her last night e. Sya mismo yung kausap ko e. Hindi fake news yun e,” Sotto said in an online ... » Learn More about ‘Fake news’: Torres-Gomez not joining Cusi’s senatorial ticket, says Sotto
This morning, I was looking at my copy of the day’s tabloid. One of the headlines was directed at a food delivery app. It read: “Wag Tratuhing Hayop Mga Rider.” When I read the article, however, there was no mention of “ hayop ” in the quote from the labor secretary — although he insisted on better ways of negotiating with food riders. Not long after this, I saw a post by a friend on Facebook. It had an article about a statement by the president against a previous foreign affairs secretary. The article, which presents a claim that the former received aid from China for the upcoming elections, quotes him as saying “Daldal ka nang daldal diyan. Anong China magtulong sa akin? G-go ka. Saan mo nakuha ‘yan?” Both of the articles I saw struck me as having a clear character and a clear story. The character is a person with a sharp tongue and brash manners. This person is someone who fights against what is unjust — and indeed, both unfair labor practices and false ... » Learn More about [OPINION] We need workable stories for our political life
On a Sunday morning, former NTV7 and 8TV editor-in-chief Mohsin Abdullah suddenly sent me the video of the song " We're getting old, brothers " sung by Chinese singer Chen Min. I clicked and listened. Other than the singer's clean and almost ethereal voice, what stirred my emotions was the lyric that smoothly flowed into my ears. Time passes by quietly, Only the memories remain, Looking back, my brothers, It's already half a century! Our youth is slowly fading away, All that's left is remembrance, Thinking of my brothers in my dream, Life has not been easy. We're getting old, brothers, Take good care of your health in the remaining years, Let go of all the unhappiness, Don't keep it inside you, Brotherhood lasts the whole life, And we may not see one another again the next life, Let's find time to meet regularly, Have some wine and pour out our feelings, Understand more and show less temper. Time passes by quietly, Only the memories remain, ... » Learn More about Enough is enough!
MALAYSIANS have had a bad news/good news week: We reached a landmark 980,000+ cumulative Covid-19 cases. But our vaccination rates are at an all-time high, with 16 million doses reportedly administered, bringing us that much closer to a mostly inoculated population and a subsequent economic reopening. Of course, we all want the same end, that resumption of normalcy in our lives. But we cannot run away from that fact that this requires political will. Last year, the two words on the lips of quite a few influential politicians and many Malaysians were “unity government”. However, as the past one year has shown, that is a tough ask. As we are reaching a crucial moment in our fight against the pandemic, the last thing we would want is to do is indulge this ask and throw the nation into political turmoil. Nevertheless, the essence of a unity government should not be lost on us – i.e. a stop to political bickering and cooperation from both sides of the aisle to determine a holistic ... » Learn More about Bipartisanship is what we need
HERD immunity occurs when most of a population become immune to an infectious disease after, for example, vaccination. Herd immunity protects the whole population, including those who have not been vaccinated, against the disease. Our government is currently rolling out an inoculation programme aimed at vaccinating 80% of the population to create herd immunity in the country as soon as possible. Mega vaccination centres have been opened to facilitate the process since the National Covid-19 Immunisation Programme was launched earlier this year. Creating herd immunity in the country is a noble and ambitious undertaking, but there are questions as to how and when this can be achieved even with the opening up of mega vaccination centres. This is when vaccinating people at the community level becomes more practical. Vaccinating communities would be more successful for a number of reasons: > The community would view such initiatives as rakyat-friendly; > Members of the ... » Learn More about Community route to herd immunity
The best frontliner in the opposition’s campaign to put an end to President Duterte’s misrule would have been Vice President Leni Robredo. But in the wake of her own misgivings about her chances expressed publicly (“Robredo doubts her own poll ‘viability’” (News, 7/22/21), she may be done and gone for good. She has in fact lowered her sights and seems to be looking forward to being just a local leader—a nobody—in her own province come 2022. Doesn’t that cop-out prove she never had what it takes to succeed even a bungling president? Garnering a truly pathetic 6 percent of those polled last June to see whom they would likely vote to succeed Mr. Duterte as against Sara Duterte’s 28 percent, Robredo has no one to blame but herself for her dismal rating. Sara has been on the hustings since years ago, shoring up political support for her regional Hugpong ng Pagbabago which is now gaining traction nationwide. It is most unfortunate that Robredo has all these years seemed mostly content with ... » Learn More about Who’s to blame for Robredo’s dismal rating?