Danish labour-market pension funds Sampension and Lærernes Pension have announced a new investment in eucalyptus plantations in Tasmania via a consortium including an unnamed UK investment fund.The two pension funds said the consortium, led by sector specialist Global Forest Partners, has made an investment in 36,504 hectares of eucalyptus plantations in Tasmania.Between them, the Danish pension funds said they paid “a three-digit million” kroner sum for the assets.Majken Hauge Johansen, head of alternative investments at Sampension, said: “An investment like this is good for the environment and provides a stable return.” She said the labour-market pensions provider had just expanded its forestry portfolio in the US, and was now expanding in Tasmania as well.Sampension already co-owned just under 31,000 hectares of eucalyptus plantations, she said, and could achieve a number of economies of scale.“Global Forest Partners is a local manager that we know and have worked with for a number of years,” said Hauge Johansen.The two pension funds said eucalyptus was mainly used to produce pulp and that as trees were felled, the areas were replanted.The plantation just bought was FSC (Forest Stewardship Council) certified, they said, obliging the forest owner to adhere to the 10 basic principles of responsible forest management, including workers’ rights and conditions of employment, indigenous peoples’ rights, environmental values and operational planning.Helle Ærendahl Heldbo, head of the unlisted fund investments at Lærernes Pension, said the FSC certification had been an important element of the investment deal.“In addition, it is also worth noting that the total investment binds approximately 290,000 tonnes of CO2 per year, which corresponds to about 24,000 pension scheme members’ annual CO2 emissions,” she said.Danish forestry investment firm IWC was an external adviser for both Danish pension funds in connection with the investment, the funds said.Lars Holm Simonsen, head of IWC’s timberland business, said factors making the Tasmanian investment attractive included the growth rates of the eucalyptus trees, the fact that the manager had control of the supply chain from forest to consumer, and a consumer market where the need for sustainable, FSC-certified quality wood had increased in recent years and was expected to increase further.Last May, Sampension made its first direct forestry investment with a DKK500m (€67m) deal in Oregon, US.
Share 129 Views no discussions Tweet Share LocalNews Opportunities available for development of agriculture sector highlighted by: – May 25, 2012 Share Sharing is caring! Johnson Drigo. Photo credit: GIS NewsParliamentary Representative for the Castle Bruce Constituency Johnson Drigo has emphasized to farmers that his government, the ruling Dominica Labour Party, continues to ensure that opportunities are available to farmers for the development of the agricultural sector. Drigo told a panel discussion on the topic “Reviving the Agriculture Sector –Challenges and Opportunities” in San Sauveur on Wednesday evening that the government has implemented several programmes to ensure that farmers can produce quality products.He highlighted two such programmes which have invested millions of dollars into the sector.“The National Center for Testing and Excellence was built at a cost of $3.6 million; one in Roseau, one in Portsmouth for the marketing of agriculture to ensure that we send the best quality out there. There are investments a lot of money being spent in agriculture; under the Direct Farm Investment Program, the Agricultural Investment Unit invested $2 million in the agricultural sector last year, so I am saying the funds are available. We are doing a lot for agriculture, make no mistake; we are selling a lot of ginger, we are selling a lot of yams”. Drigo also explained that his government has been distributing free fertilizer to farmers because they realize the pertinence of this product to developing and organizing the farming sector.“The Prime Minister is going around building positive relationships with friendly countries and in the interest of the people, is negotiating not only for infrastructure but for things such as free fertilizer for farmers and we have had several free fertilizer distribution in the area and we are expecting plenty more from countries like Morocco”.He advised them to join the farmers groups which will be formed to provide a support structure and system which they can all benefit from.“We will form two farmers groups, one in Good Hope and one in Petite Soufriere. We have to be organized, we have to be structured, we have to know where our market is, we have to know what our prizes are and irrespective of whether the prices go up by this person or not, we are going to sell our produce because this is our cooperative, this is our group and we can do better”.He lamented however that while some farmers are “working hard in the farming sector”, others aren’t.“We are not capitalizing on all the opportunities because we are too busy sometimes accentuating negative things instead of looking at the positive side and opportunities are passing us by”.The Fest of St. Isidore gets underway this evening with a games night and Lapeau Kabwit competition.A Fish has been planned for Saturday May 26th, with musical accompaniment by the Kubuli Big Truck Jam.Other activities include the Miss Isidore pageant on Sunday May 27th followed by a dance with popular DJ Miguel Labadie, and then on Pentecost Monday, May 28th, a parade featuring local bands and groups will proceed to High Mass which will be broadcast live via radio.One elder who has given long and faithful service to the communities and to the celebration of the Feast of St. Isidore will be honoured. Fete Isidore will climax with music from the Bouyon Pioneers WCK.Dominica Vibes News
Porter, In. — Celebrate the migration of birdlife through the Indiana Dunes region this May 16-19 at the fifth annual Indiana Dunes Birding Festival. This year’s event features nearly 150 individual trips, programs, and workshops. The event is organized by the Indiana Audubon Society and includes both the Indiana Dunes National Park and Indiana Dunes State Park as site hosts.The four-day festival features guided field trips and car pool tours to view migrating birds within the dunes area, bird and nature related programs and workshops, live bird of prey talks, a native plant sale, and art instructional workshops for both new bird watchers and nature enthusiasts. Evening events include special excursions for night birds, an art exhibition open house, and a family friendly “birds and brews” social event. Saturday night will feature famed bird writer Laura Erickson who serves as contributing editor and columnist for Bird Watching magazine.Early Bird registration began March 3 and offers basic registration for as low as $42 for the four days. Daily and youth rates are also available. To register, go to the festival website at:indunesbirdingfestival.com.In addition to the festival website, more information can be obtained at the Indiana Dunes Visitor Center, located at 1215 N. State Road 49, just south of the intersection of 49 and US 20 in Porter, Indiana. Interested participants can also contact the center’s information desk at 219-395-1882 or the Indiana Audubon at 219-928-6905.
Staff from the National Sports Trust Limited (NSTL) say these were people who bought tickets on the street.”You can’t enter the gate with a fake ticket as the scanner checking tickets will pick it up. A hundred plus people have already been found out and sent away.”Some have even tried to enter with tickets that had been photocopied,” said one staff member.One of the people who was caught, John Kemba, says he bought his outer stand ticket in the morning from sellers just outside the stadium for K80 and had no idea it was fake.Thousands more people are still in line trying to get in. NSTL staff with the police are on full alert for people selling or trying to enter with fake tickets.