Melville Man Killed in Car Crash

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York An 82-year-old man died in a car crash about a mile from his Melville home on Thursday afternoon.Suffolk County police said Sidney Stein was driving a Lexus northbound on Bagatelle Road when he lost control of his vehicle, crossed into the southbound lane and struck a tree near the corner of Hemingway Drive at 3:35 p.m.Stein was taken to North Shore LIJ Plainview Hospital where he was pronounced dead.Second Squad detectives impounded his vehicle for a safety check while the investigation is continuing.last_img

Pension funds call for corporate action on Amazon forest fires

first_imgNearly 70 asset owners have backed a statement calling on companies to reinforce their efforts to make sure their operations and supply chains do not contribute to deforestation.The statement is a response to the forest fires in Brazil and Bolivia and has been signed by 230 institutional investors with $12.6trn (€11.3trn) in assets under management.Asset owners accounted for 30% of the signatories, and included Norway’s KLP, Swedish pension buffer funds, UK local authority pension investors and Swiss pension funds – via proxy voting group Ethos.“It is with deep concern that we follow the escalating crisis of deforestation and forest fires in Brazil and Bolivia,” the statement said. “As investors, who have a fiduciary duty to act in the best long-term interests of our beneficiaries, we recognise the crucial role that tropical forests play in tackling climate change, protecting biodiversity and ensuring ecosystem services.”In a press release, the Principles for Responsible Investment (PRI) and Ceres, the organisations that co-ordinated the statement, explained that the investor statement called on companies to tackle financially material deforestation risks, including market and reputational risks, within their operations and global supply chains.It specifically asked companies to:publicly disclose and implement a commodity-specific ‘no deforestation’ policy with quantifiable, time-bound commitments covering the entire supply chain and sourcing geographies;establish a transparent monitoring and verification system for supplier compliance with the ‘no deforestation’ policy; andreport annually on deforestation risk exposure and management, including progress towards the company’s ‘no deforestation’ policySome of the investors signing the statement had already turned their attention to relevant investee companies in the wake of media coverage last month of fires in the Amazon rainforest. According to a press release from KLP late last month, the Norwegian public sector pension provider had contacted firms trading significantly in agricultural commodities from Brazil to ask for “rapid dialogue and concrete action in light of the very serious situation”.last_img read more