Torben Möger Pedersen, chief executive at PensionDanmark, hailed the fund as “a brand new type of public-private partnership”, allowing government and pension assets to make the most of Danish companies’ experience in the energy sector.The commitment follows a similar government-backed project that saw Danish funds provide export credit to foreign companies investing in domestic manufacturing.Discussing the provider’s DKK200m commitment, Möger Pedersen said: “We are expecting the Danish Climate Investment Fund to deliver solid returns to our members in the coming years, while serving to boost the standing of Danish companies in the new growth markets.”Healthcare pension provider PKA also committed DKK200m in capital, while PBU invested DKK125m.PensionDanmark’s Möger Pedersen will sit on the fund’s investment committee alongside PKA managing director Peter Damgaard Jensen.The climate fund, which the IFU said was expected to grow a further DKK200bn in size after its second close, will invest in technologies aimed at reducing greenhouse emissions in all countries included in the OECD’s Development Assistance Committee.To that end, projects to be considered include solar, hydro and wind power plants, as well as urban transport construction, biogas plants and projects that can improve energy efficiency, thereby cutting emissions by at least 20%.“Furthermore, the Danish Climate Investment Fund will invest in projects with the purpose of adjusting to climate change – for example, disaster preparedness, coastal management and climate change information,” the IFU said in a statement.It added, however, that it would not consider investment in any energy projects that produce carbon, nor in any carbon capture or storage facilities.The IFU will act as fund manager for the four-year investment lifespan, with projects then divested.It said it expected annual returns of 12%. Two of Denmark’s largest pension providers have committed launch capital to a DKK1.2bn (€160m) fund investing in renewable energy projects in emerging economies.The Danish Climate Investment Fund, launched by the country’s investment fund for developing countries (IFU), has attracted commitments from the DKK200bn PKA, DKK150bn PensionDanmark and Pædagogernes Pensionskasse (PBU), the DKK50bn fund for kindergarten and nursery teachers.The remaining DKK675bn has been supplied by the IFU, the Danish government and Dansk Vækstkapital – a DKK4.8bn venture capital fund launched jointly in 2011 by the government, ATP and LD Pension.The fund requires a Danish co-investor for all projects, allowing local companies to benefit from the investment.
A total of 239 new soldiers take their oath before Major General Eric Vinoya, the Philippine Army’s 3rd Infantry Division commander, at the 3ID headquarters in Camp Peralta in Jamindan, Capiz on July 28, 2020. “I urge you to always be aware of your job and its complexities so you can always do the right thing. In all your given tasks, never dwell on mediocrity. Always aim for excellence and always be the best. This is how you can contribute to the accomplishment of our mission,” Vinoya tells them. 3ID PHOTO “Always do the right thing,” Major General Eric Vinoya, 3ID commander, told the soldiers. The graduation ceremony was graced by the Vice Chancellor for Administration of the University of the Philippines Visayas, Mary Ann Gumban who led the ceremonial entrustment of firearms to the new soldiers. These 239 soldiers (Class 624 and Class 625) graduated on July 28 at the 3ID headquarters in Jamindan, Capiz and given the rank of Private. ROXAS City – The Philippine Army’s 3rd Infantry Division (3ID) has enlisted 239 new soldiers to fight insurgents in Western and Central Visayas regions. This authority, she said, “makes you a powerful defender of our country and its sovereignty, its citizens and their rights and freedoms.” According Army Major Cenon Pancito III, these newly recruited soldiers will complement the anti-insurgency campaign while some will help in coronavirus disease 2019 (COVID-19)-related activities. “I urge you to always be aware of your job and its complexities so you can always do the right thing at the very first instance. In all your given tasks, never dwell on mediocrity. Always aim for excellence and always be the best. This is how you can contribute to the accomplishment of our mission,” said Vinoya./PN “My highest regard to the members of your family who must be mighty proud of you as they see you donned with the uniform of a soldier and entrusted with a service firearm symbolizing the complete authority given to you as the new Privates of the Philippine Army,” said Gumban. They completed five months of rigid Candidate Soldier Course (CSC) and Jungle Warfare Mountain Operation Course (JWMOC) facilitated by the 3rd Division Training School (3DTS). Each new soldier was issued an R4 carbine rifle as service firearm. Private Joel Delmonte Jr., also a TESDA NCII passer from Barangay Bangac, Mina, Iloilo, bagged the same award by besting 117 other members of Class 625-2020 Major General Eric Vinoya, 3ID commander, challenged the newly enlisted soldiers to “do the right thing.” Private Herje Catedrilla, a TESDA NCII passer from Barangay Tahing, Calinog, Iloilo, received the Commander 3ID Award for topping the 121 CS Class 624-2020 with a general point average (GPA) of 92.98 percent in all evaluated subjects.
Batesville, IN— This year’s Star-Spangled Indianapolis Symphony in Batesville, originally scheduled to take place on June 28, 2020, has been canceled. Organizers made the decision to not move forward with the patriotic performance and fireworks display out of an abundance of caution for the health and well-being of organizers and attendees.Uncertainty around the timing of when COVID-19-related stay-at-home orders will be lifted has also made planning a large event challenging. The organizers appreciate the public’s understanding of this decision and will determine the next steps once it is safe to do so and, in the meantime, encourage the community to stay healthy and safe.