High-end fashion company Gucci aims to make "sustainability an intrinsic part of our business" and will discontinue using fur by the launch of its 2018 spring-summer line, CEO Marco Bizzarri said. Gucci will auction any leftover fur items and donate proceeds to the Humane Society and Italian animal rights charity LAV.
Fiji intends to issue a $50 million green bond to raise funds to combat the effects of climate change on its 300 islands. The World Bank says this is the first bond with this intended goal.
Learn how to become a strong-minded leader who overcomes obstacles and diligently reaches goals by developing your inner confidence, persistence, dedication and control, LaRae Quy writes. Quy, a former FBI agent, provides tips on harnessing your abilities.
Not everyone is fortunate enough to be led competently, but the ideal response to such a situation is not criticism but "trying to help them overcome their faults and limitations," Steve Keating writes. Doing so means you won't always get the credit you deserve, but "are you leading to lead or are you leading for some type of personal glory?" he writes.
US shale producers are showing a willingness to abandon growth ambitions in favor of improving cash flow and returns on capital, but this shift is not guaranteed, writes Liam Denning. The increasing backlog of drilled-but-uncompleted shale wells could provide investors with a signal as to growth in oil production and what oil prices will look like next year, he writes.
The emergence of the US as an exporter of liquefied natural gas could affect energy markets the world over, as the number of countries importing LNG has more than tripled since 2005. "In the near term, gas will replace coal, in the medium term it will partner with renewables, and in the long term it will take care of those parts of energy demand that cannot be electrified," said Maarten Wetselaar of Royal Dutch Shell.
Elevated construction costs and difficulty in securing long-term supply contracts could hurt the availability of credit for developers of US liquefied natural gas export terminals, according to S&P Global Ratings.
As the PennEast Pipeline awaits federal approval, project manager Tony Cox says the pipeline could help Pennsylvania and New Jersey consumers save hundreds of millions of dollars on electricity and natural gas.
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