CHINA - Institutional investors have committed US$382m into a fund to invest in technology that extracts methane gas from coal mines in China and uses it to generate electricity.
The money was subscribed in the second stage of asset-raising from the China Methane Recovery Fund (CMRF), according to the fund’s sponsor, Man Investments.
Man Investments said the fund could benefit the environment while earning returns for investors from sales of electricity and carbon credits.
MTM Capital Partners, an asset management business specialising in environmental projects, will manage the fund. Man Investments has a majority stake in MTM.
Nick Wood, a spokesman for Man Investments, said the portfolio had the capacity to benefit the environment by reducing harmful greenhouse gas emissions and contributing to China’s economic growth through installing much-needed additional electricity generating capacity.”
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.