Tag: urge

Investors urge heavy carbon emitters to set science-based reduction targets

FILE PHOTO: Cracked earth marks a dried-up area near a wind turbine used to generate electricity at a wind farm in Guazhou, 950km (590 miles) northwest of Lanzhou, Gansu Province September 15, 2013. REUTERS/Carlos Barria/File Photo

LONDON (Reuters) – Investors managing around $20 trillion in assets on Tuesday called on the heaviest corporate emitters of greenhouse gases to set science-based targets on the way to net zero carbon emissions by mid-century.

AXA Group and Nikko Asset Management Co are among 137 investors urging 1,800 companies responsible for a quarter of global emissions to act, coordinated by non-profit group CDP.

While more companies are pledging their support for the 2015 Paris agreement on climate change, aiming to be carbon neutral by 2050, not all have been clear about how they will get there.

To help limit global warming to no more than 1.5 degrees Celsius above pre-industrial norms by 2050, companies

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Facebook’s high-profile critics urge it to do more to safeguard US elections

Some of Facebook’s most prominent critics on Wednesday called on the social network to take steps to safeguard democracy ahead of the US elections in November, accusing it of not enforcing its own rules against inciting violence.



a close up of a sign: Facebook critics say the social network needs to do more to safeguard the US elections. Angela Lang/CNET


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Facebook critics say the social network needs to do more to safeguard the US elections. Angela Lang/CNET

The group calls itself the Real Facebook Oversight Board and is made up of high-profile journalists, activists, academics, politicians and business people. Members include Facebook investor Roger McNamee, Filipino-American journalist Maria Ressa (who co-founded the news site Rappler), Anti-Defamation League CEO Jonathan Greenblatt, Color of Change President Rashad Robinson and UK Parliament member Damian Collins.

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During a press conference on Wednesday, the group outlined a list of demands for Facebook. The social network should enforce its rules including a policy against inciting violence along with banning paid ads that mention

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Blame the system for FinCen files, not the banks, experts urge

HSBC’s U.K. headquarters are seen at the Canary Wharf financial district of London on July 31, 2018.

Tolga Akmen | AFP | Getty Images

LONDON — The leaked FinCen files which sent banking stocks tumbling on Monday should be viewed as exposing flaws in the regulatory system, not wrongdoing by banks, several financial crime experts have told CNBC. 

The files, obtained by Buzzfeed and the International Consortium of Investigative Journalists and released over the weekend, contain Suspicious Activity Reports (SARs) filed with the U.S. Department of Treasury’s Financial Crimes Enforcement Network, or FinCen, between 1999 and 2017. The suspicious transactions outlined in the documents total $2 trillion. 

The SARs were filed by several of the world’s largest banks and financial institutions in relation to transactions they were making on clients’ behalf. They have emphasized increased expenditure on compliance systems in recent years and denied any conscious wrongdoing. 

However, Octavio Marenzi,

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Internet companies urge FCC to reject Trump bid to impose new social media regulations

WASHINGTON (Reuters) – A group representing major internet companies including Facebook Inc, Amazon.com Inc and Alphabet Inc’s Google on Wednesday urged the Federal Communications Commission (FCC) to reject a Trump administration bid to narrow the ability of social media companies to remove objectionable content.

FILE PHOTO: U.S. President Donald Trump speaks during a roundtable on “Wisconsin Community Safety” in Kenosha, Wisconsin, U.S., September 1, 2020. REUTERS/Leah Millis

The Internet Association said in a filing that the Trump administration petition filed in August seeking new rules “is misguided, lacks grounding in law, and poses serious public policy concerns.” It said new FCC rules could result in a loss of legal protections for removing “fraudulent schemes, scams, dangerous content promoting suicide or eating disorders to teens, and a wide range of other types of ‘otherwise objectionable’ content.”

The Consumer Technology Association, which represents companies like IBM, Microsoft and Sony, also blasted the

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