The News Review:
- Norway oil fund to step up green investing-paper
- Roslyn investment adviser accused in $55M Ponzi scheme
- Earn $162.50 by investing in hio savings program
- CleanTech Investment Takes a Hit
- Wis. House delegation splits on party lines
- Emerging Markets Warming Up to Sustainable Investing
Norway oil fund to step up green investing-paper
Reuters
A finance ministry spokeswoman declined to comment on thereport. The proposal will come in a new government report onmanagement of the fund which is one of the world’s biggestsovereign wealth funds and Europe’s biggest equity investor. Earmarking some of Norway’s oil wealth for investment incompanies that develop new environmental technology has longbeen a goal of some leftist politicians. But the central bank-managed fund itself has resisted theidea of creating such a separate category of investment sayingit should continue to invest within its existing mandate whichis to invest for the best possible returns. The environmental investment programme will seek to investin companies engaged for example in developingclimate-friendly energy boosting energy efficiency carboncapture and storage hydropower pollution clean-up and wastesorting technologies the newspaper said. The government will also propose new fund investingguidelines to include climate and environmental aspects Aftenposten said. (Reporting by John Acher; Editing by David Cowell).
Roslyn investment adviser accused in $55M Ponzi scheme
Newsday
Securities and Exchange Commission said Wednesday in a lawsuit filed in U. District Court in Manhattan.
Related from Sino-pigeon: Eagle foundation rooked in Ponzi scheme
Earn $162.50 by investing in hio savings program
Youngstown Vindicator
50 just for stashing money away for a rainy day?That?s the total hioans could snag if they met the maximum savings account goals that are part of a new state program aimed at helping people make better financial decisions. State Treasurer Kevin Boyce and his predecessor Attorney General Richard Cordray unveiled the SaveNW program at a press conference near the Statehouse Thursday. Here?s how it works: hioans sign up at one of the participating banks for a SaveNW savings account which carry no fees or minimum balances.
CleanTech Investment Takes a Hit
BusinessWeek
According to the research the combined venture capital investment in the North American European Chinese and Indian cleantech markets in the first quarter of 2009 totaled $1 billion. That’s a 41% drop since the last quarter of 2008 and a 48% decline compared to the same period last year. Indeed the CleanTech Group reckons VC investment in the sector now stands at its lowest level since 2007. That comes despite G20 countries expected to put aside $400 billion of their combined $2. 6 trillion stimulus packages for cleantech projects.
Wis. House delegation splits on party lines
Chicago Tribune
“That means investing in health care education and energyindependence” he said. Moore who serves on the Budget Committee said the budget takesaction “to restore fiscal sustainability and restore the lives ofthose who have been most affected by the failed Bush(administration) policies. Petri said he voted against the budget because it “providesfor basically unsustainable deficits” that will produce a “hugeincrease in the federal debt. The Senate which like the House is controlled by.
Emerging Markets Warming Up to Sustainable Investing
BankInvestmentConsultant.com
With $300 billion under management sustainable investment management assets in emerging markets now represent 10% of all assets managed there. Fifty billion of that is in funds specifically labeled as sustainable investments and the remaining $250 billion is in funds that practice sustainable investing. While managers in emerging markets often have a deeper understanding of social issues than their counterparts in developed nations often they don’t know how to use their proxy voting power noted Danyelle Guyatt head of research in Mercer’s responsible investment unit. Mercer believes that if socially responsible investing is practiced in emerging markets it can go a long way toward reducing poverty in those regions.