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In the end, all of Boris Johnson's bluster couldn't hide the facts: He didn't have the votes to win the Conservative Party leadership contest and stage a political comeback just weeks after being forced out as prime minister. The former Tory leader raced back from his Caribbean holiday to test the waters and try to garner the support of enough MPs to proceed to the next round. But as British media counted the number of declared supporters for Johnson, it cast doubt on whether he could cross the 100-vote threshold. “Essentially, the Boris Johnson bandwagon blew up,” said Tim Bale, a professor of politics at Queen Mary, University of London. “He really doesn't seem to have attracted anything like as much support as he hoped he would.” Sajid Javid, Rishi Sunak and Prime Minister Boris Johnson arrive at No 9 Downing Street in 2021. Photo / AP, File The 58-year-old Johnson is one of the most recognised — and divisive — figures in British politics. The self-deprecating court jester of a figure led the Conservative party to a thumping election victory in 2019 with his bombastic speeches and populist policies. But critics were repulsed by what they saw as a penchant for bending the rules and embroiling the party in a series of scandals that torpedoed its standing with voters. Johnson's three tumultuous years in Downing St featured allegations that he gave lucrative government contracts to wealthy supporters, allowed a senior Cabinet minister to bully subordinates and improperly used political donations to redecorate his official residence. He was finally brought down by suggestions that he mishandled sexual misconduct charges against a party official, which forced him to step aside after more than 50 Cabinet secretaries and lower-level officials resigned from his government. But Johnson's downslide was encapsulated in the long-running controversy over Downing St parties in 2020 and 2021 that violated Covid-19 lockdown rules. With an investigation into whether Johnson intentionally misled Parliament about those parties to get underway in coming weeks, the scandal hung over Johnson's bid to return to power like a guillotine. If the inquiry by a committee of MPs finds Johnson in contempt of Parliament, he could be suspended from Parliament and face a recall election. That's not something Conservative MPs want as they try to unite the party, and the nation, behind the spending cuts and tax increases likely needed to restore the nation's financial credibility after outgoing Prime Minister Liz Truss' failed experiment with trickle-down economics. “This all started because Boris Johnson was unable to run the government in the right way to keep it together … and to uphold the high standards of conduct that are necessary in the highest offices in the land,” former party leader William Hague told Times Radio on Friday. “So the idea that him returning is the solution — that ... could become a death spiral of the Conservative Party.” Johnson's supporters tried to shrug off such criticism. Instead, they focused on the idea that their man made the right decisions when it mattered — leading Britain out of the European Union, rapidly rolling out vaccines to combat the coronavirus pandemic, and being among the first to send arms to Ukraine in the face of Russian aggression. Just hours before Johnson bowed out, one of his most vocal supporters went on BBC television's influential Sunday morning political interview show and claimed he already had the support of more than 100 members of Parliament. Former UK Prime Minister Boris Johnson and his wife Carrie Johnson. Photo / Getty Images “I have been speaking to Boris Johnson and, clearly, he is going to stand,” said Jacob Rees-Mogg, who was a member of Johnson's Cabinet. “There is a great deal of support for him.” But media vote counts never supported the bluster. As the leading candidate, Rishi Sunak raced past with 150 backers, Johnson's support stalled at 76, according to the Guido Fawkes website, which focuses on UK politics. The BBC counted just 57 Johnson supporters. Matthew Parris, a columnist for the Times of London, saw the Boris boosterism as a strategy to scare off opposition. “Momentum is being manufactured through creating an impression that Johnson is already on his way to victory,” Parris wrote. “Mysterious reports on social media suggest he's surging ahead among those MPs who are declaring — but the identities of some of these are undisclosed. They will [we're assured] reveal themselves ‘later.'” Johnson tried another gambit Sunday, trying to persuade Sunak and Penny Mordaunt, the third candidate, to drop out and support him as the only candidate with the broad appeal to unite the party at this difficult time. Sunak and Mordaunt called his bluff. “I think he thought the shock and awe campaign might persuade Rishi Sunak and Penny Mordaunt perhaps to surrender to him, to the supposedly inevitable,” Bale said. “But they were much cleverer and realised that it wasn't inevitable at all.'' Conservative Party leadership candidate Penny Mordaunt, left, and Andrea Leadsom arrive at the BBC studios, in London on Sunday. Mordaunt dropped out of the race. Photo / AP Johnson blustered on until Sunday night, when it became clear he couldn't count on the party's right-wing for support. He threw in his cards after Suella Braverman and Steve Baker, who had backed him as leaders of the pro-Brexit European Research Group, gave their support to Sunak. Alex Crowley, a one-time Johnson aide, said his former boss probably did have enough support to get on the ballot. But that wasn't enough to overcome questions about whether he was the right person to unite the party months after dozens of MPs refused to serve in his government. “There were lots of influential voices within the party who were saying, ‘actually you know, this isn't the right time, this isn't the right call',” Crowley told the BBC. “And, you know, Boris' natural instinct is, if he can't win then he doesn't want to compete.” But don't expect Johnson to fade from the political scene. When Johnson left office in early September, he suggested he was planning to return to Downing St. First, he left the House of Commons with the words “hasta la vista, baby”, conjuring images of Arnold Schwarzenegger who famously promised to return as The Terminator. Then he left Downing Street with an allusion to Cincinnatus, the Roman dictator who laid down his arms and went back to his farm before coming out of retirement to rule Rome again. On Sunday night, Johnson hinted his return had been delayed, not cancelled. Boris Johnson speaks during the Nato summit in Madrid. Photo / Getty Images, File With the next general election expected in late 2024, there's likely to be another leadership contest in the coming months unless Sunak can quickly unite the Conservatives. “I believe I am well placed to deliver a Conservative victory in 2024,” Johnson said late Sunday. “But in the course of the last days I have sadly come to the conclusion that this would simply not be the right thing to do,” he said. “You can't govern effectively unless you have a united party in Parliament.”See omnystudio.com/listener for privacy information.

Derbies aplenty last weekend as the blue moon shone over Manchester, where the Cityzens humiliated Manchester United 6-3, with two hat-tricks courtesy of Phil Foden & Erling Haaland (who else?). In north London, a Granit Xhaka-powered Arsenal solidified their great start to the campaign winning 3-1 vs local rivals Tottenham while Belgian winger Leandro Trossard denied Liverpool a comeback win in an entertaining 3-3 draw, with yet another hat-trick in this round of Premier League games. All that and more, including a roundup of matches from the continent, here on Just For Kicks. Photo: AP

A new national lockdown in England may have to last longer than the planned four weeks if coronavirus infection rates don’t fall quickly enough, a senior government minister said Sunday.The lockdown announced Saturday by Prime Minister Boris Johnson is to run from Thursday until Dec. 2. Johnson says it’s needed to stop hospitals from becoming overwhelmed by COVID-19 patients within weeks.Cabinet minister Michael Gove said it was the government’s “fervent hope” that the lockdown would end on time, but that could not be guaranteed.“With a virus this malignant, and with its capacity to move so quickly, it would be foolish to predict with absolute certainty what will happen in four weeks’ time,” he told Sky News. “We’re going to review it on the 2nd of December but we’re always driven by what the data says.”Under the new restrictions, bars and restaurants can only offer take-out, non-essential shops must close and people will only be able to leave home for a short list of reasons including exercise. Hairdressers, gyms, golf courses, swimming pools and bowling alleys are among venues that must shut down, and foreign holidays are barred.Unlike during the U.K.’s first three-month coronavirus lockdown earlier this year, schools, universities, construction sites and manufacturing businesses will stay open.Britain has the worst virus death toll in Europe, with more than 46,700 dead. It passed 1 million confirmed coronavirus cases on Saturday and confirmed another 23,254 new infections on Sunday.Like other European countries, virus cases in the U.K. began to climb after lockdown measures were eased in the summer and people began to return to workplaces, schools, universities and social life. In recent weeks, new infections have been soaring across the continent, especially in Belgium, the Czech Republic, France, Spain and the U.K.Johnson had hoped regional restrictions introduced in October, mostly in northern England, would be enough to push the numbers of new infections down. But government scientific advisers predict that on the outbreak’s current trajectory, the demand for hospital beds will exceed the capacity by the first week of December, even if temporary hospitals are set up again. Actors and performers protest against coronavirus restrictions in London on October 29. Photo / AP “Unless we act, we could see deaths in this country running at several thousand a day,” Johnson said as he announced the lockdown during a televised news conference on Saturday evening.But owners of pubs, restaurants, theaters and gyms all say the measures will be devastating.A government program that has paid the wages of millions of furloughed employees during the pandemic has been extended during the new lockdown. Many businesses say that is not enough, especially in the arts, where most people work as freelancers.Mark Davyd, chief executive of the Music Venue Trust, urged the government to offer the live events industry further financial support, as has been done in France and Germany.“We look forward to urgent details from ministers on the financial package that will protect businesses and livelihoods in this vital, world-leading British industry,” he said.Also Sunday, the government and Transport for London struck a deal to keep buses and subways running in the capital, where passenger numbers have collapsed because of the pandemic. The mix of grants and loans worth 1.8 billion pounds ($2.3 billion) is earmarked to keep the system operating until the end of March.Under the new restrictions, places of worship can stay open for private prayer and funerals, but not for communal services. That has drawn criticism from England’s top two Roman Catholic clergy, Cardinal Vincent Nichols and Archbishop Malcolm McMahon, who say the suspension would cause “deep anguish.”“Faith communities have played a vital role in sustaining personal, spiritual and mental health and encouraging vital charitable activities” during the pandemic, th...

ESG Insider interviewed sustainability leaders at some of Europe’s largest financial institutions: BBVA in Spain, BNP Paribas in France and Barclays in the U.K. This is the third in a three-part miniseries that features interviews with some of the biggest lenders around the world about how they're adapting their ESG strategies amid COVID-19. In Europe, climate change remains in sharp focus for banks despite the current coronavirus crisis. As scientists caution that deforestation and destruction of nature could lead to more pandemics, some banks are increasing their focus on environmental issues like biodiversity.   Listen to the episode to hear the interviews, and subscribe to ESG Insider to catch future episodes.    (Photo: AP) 

"This isn't just a pie-in-the-sky commitment or announcement. This is something that we spent a lot of time researching and analyzing and studying," DTE Gas Co. President and COO Matt Paul said of the company's plan to achieve net-zero emissions by 2050.   Paul made the comment in an exclusive interview with ESG Insider, an S&P Global podcast about environmental, social and governance issues.   DTE Gas parent company DTE Energy is among the largest electric and gas companies in the U.S. and serves 2.2 million electricity customers and 1.3 million gas customers in Michigan. In June, it expanded its existing goal of achieving net-zero greenhouse gas emissions by 2050 to also include its natural gas distribution and gas retail sales operations. The company joins a growing list of U.S. electric and gas utilities that have made deep decarbonization pledges.   But achieving net-zero emissions can be a complicated feat and requires different strategies for different types of companies. For example, electric utilities can reduce the majority of their carbon emissions by retiring coal-fired power plants and replacing that generation with wind, solar and battery projects. However, not all companies have the option of changin​g their power fleet to achieve their goal.   In the interview, Paul detailed DTE Gas' strategy for achieving net-zero emissions within its operations and from suppliers, such as oil and gas drillers and owners of major interstate pipelines that transport the gas to its distribution system. Paul also noted that DTE Gas is looking to help customers who use natural gas for home heating and other purposes offset their associated emissions.   Paul said that the company will need to rely on carbon offsets for a portion of its goal and described how DTE Gas is already taking steps to ensure those options are available for the future.   Listen the episode to hear the full interview, and subscriber to ESG Insider to catch future episodes.    (Photo: AP) 

"Sustainability was always around people, planet and profit. I just think for the longest time we've forgotten about the people," said Mikkel Larsen, chief sustainability officer at Singapore-based DBS Group Holdings Ltd., in an interview for the latest episode of "ESG Insider," an S&P Global podcast. In the coronavirus pandemic, Larsen said, "We've been reminded that you can't have one without the two others." Larsen said the pandemic has brought social issues to the forefront as companies grapple with the way they treat their employees, customers and those in their supply chains. "What we now see under COVID-19 is that companies who don't take [care] of their employees will not have a sustainable company to run," he said in the interview. In Asia, where millions live in abject poverty, Larsen cautioned that the climate agenda cannot come at the expense of people. DBS stopped financing coal-fired power plants, but only after finding price-competitive renewable energy alternatives. "We were not willing to accept that lack of electricity — we are in Southeast Asia where 65 million are still without electricity — was necessarily going to be the trade-off," Larsen said. In other industries, such as aviation and cement, good alternatives are not yet clear. But Larsen said banks like DBS can take steps to help clients transition to more sustainable business models. "I think the right thing to do is to back those that are taking the right steps to decarbonize," he said.   Going forward, Larsen expects rapid growth in ESG investing in Asia. He said this is partly due to growing investor demand and partly due to rising pressure from regulators in the region. "You've seen around Asia a number of regulators stepping up, and they're not deterred particularly by the COVID-19 crisis," he said. "Introduction of carbon taxes, introduction of incentives for going green, requirements for banks to show how much of their book is 'green' and 'brown'...China's ability to offer a discounted rate at the discount window if you have green assets — all these things will spur the movement." The episode is part of a series of podcasts exploring how banks in different parts of the world are adapting their environmental, social and governance strategies amid the coronavirus pandemic. DBS is the largest bank in Southeast Asia. In the last episode, we heard from JPMorgan Chase & Co. Head of Sustainability Marisa Buchanan about how the largest U.S. bank is responding to systemic racism and re-upping its focus on climate change following pandemic disruptions. In the next episode, we'll hear from some of the largest banks in Europe about their ESG approach. Listen to the episode, and subscribe to ESG Insider to catch future episodes.  (Photo: AP) 

Climate change took "a bit of a backseat" during the first several weeks of the coronavirus pandemic as "governments and businesses frankly were really just focused on survival," JPMorgan Chase Head of Sustainability Marisa Buchanan said in an exclusive interview in the latest episode of "ESG Insider," an S&P Global podcast. "As economies begin to rebuild [and] businesses have greater ability to focus on these issues, we're going to see budget and bandwidth come back hopefully," Buchanan said. The episode is part of a series in which we talk to some of the world's biggest lenders about how they are adapting their environmental, social and governance strategies amid COVID-19 and widespread protests against racism following George Floyd's death in the custody of Minneapolis police. Listen to the episode to hear to the full interview, and subscribe to ESG Insider to catch future episodes.  (Photo: AP)

More than 370 credit rating actions taken by S&P Global Ratings since March have been driven by environmental, social and governance factors as a result of the COVID-19 pandemic, S&P Global Ratings' Americas Team Leader for Sustainable Finance Michael Ferguson said in an exclusive interview for the latest episode of "ESG Insider," an S&P Global podcast. Companies in nearly every sector have been hard hit by the economic impacts of the pandemic and many have seen their credit rating downgraded as a result. The majority of ESG-related actions S&P Global Ratings took in recent months were tied to social factors, such as how businesses are being impacted by social distancing and workforce challenges, Ferguson said. "Managing ESG risk is critical ... because it is a central piece of understanding credit quality," he explained. Many ESG risks such as climate change play out over the long term, giving companies time to plan and adapt. But the pandemic is forcing companies to pivot and act quickly in relation to things like supply chain management, Ferguson explained. Some ESG-related deterioration in credit quality resulting from COVID-19 is inevitable given the pandemic circumstances. "Certainly the idea that people are going to social distance means that they're not going to go to casinos, they're not going to go to restaurants, they're not going to get on planes for a little while. That's going to impair credit quality," Ferguson said. But management teams do have control over their response to the virus, such as mitigating risks related to workforce and safety — and that is something ratings analysts will be watching closely as companies emerge from the crisis. "Companies that are not particularly cautious about how they reopen and do so hastily and without taking the proper precautions," face significantly heightened social risks, Ferguson cautioned. Listen to the episode to hear the full interview, and subscribe to ESG Insider to catch future episodes!  (Photo: AP) 

Investors are moving to hold companies such as Amazon more accountable on workforce management during the COVID-19 crisis, Fiona Reynolds, the CEO of PRI, or the Principles for Responsible Investment, said in an exclusive interview for the latest episode of ESG Insider, an S&P Global podcast. To prevent the spread of the coronavirus, many governments have ordered social distancing and for people to stay home, with exception to essential workers. But this has meant that many companies that relied on people traveling, shopping, going out to eat for their revenues have experienced significant financial problems and many have furloughed or have been forced to lay off employees. PRI's hundreds of signatory investors that collectively manage about $90 trillion in assets are "extremely concerned about what's happening within the workforces within the corporations that they're invested in," said Reynolds. PRI has organized focus groups aimed at helping investors engage with companies on coronavirus issues, including by asking questions of the companies at their annual shareholder meetings. "We need to be stronger on social issues and human rights and make sure that the companies that we invest in understand that we care about the workforce," Reynolds said. "Because we know from all of the evidence, the academic evidence that is out there, (that) when you have a company that has happy employees, you're a better company and you perform better." Reynolds also outlined how she envisions investor and government expectations might change on workforce issues coming out of the coronavirus crisis. PRI is a project the United Nations launched in 2006 that has evolved into an international network of investors who have agreed to apply six sustainability principles to their investment decisions and practices. Also in the episode, Reynolds and S&P Global Market Intelligence e-commerce reporter Katie Arcieri outline the pressure Amazon has come under for worker safety issues both from employees and investors and how the company says it is working to address those concerns. (Photo: AP) 

Even without controversial changes to the Criminal Code that would criminalise same sex relations, many local level bylaws already persecute sexual and gender minorities in the name of public order and decency. What are the difficulties faced by LGBT Indonesians? How do they see their place in society? What are the barriers to basic services, including health care and what are the implications for this community and Indonesian society as a whole if they are left behind? In Talking Indonesia this week, Dr Jemma Purdey discusses inclusion, access and empowerment for LGBT Indonesians with Ignatius Praptoraharjo (Gambit) a research consultant at the Centre for Health Policy and Management at Gadjah Mada University and the HIV AIDS Research Centre, Atma Jaya Catholic University. Gambit completed his doctorate 2010 at the University of Illinois at Chicago, and has been a recipient of the UIC-AIDS International Training and Research Program Scholarship from the US National Institute of Health. Gambit was recently in Melbourne for a series of talks. He sat down with Talking Indonesia as the Covid-19 outbreak was gathering momentum. In 2020, the Talking Indonesia podcast is co-hosted by Dr Jemma Purdey from the Australia-Indonesia Centre, Dr Dave McRae from the University of Melbourne’s Asia Institute, Dr Charlotte Setijadi from the ISEAS-Yusof Ishak Institute in Singapore and Dr Dirk Tomsa from La Trobe University. Look out for a new Talking Indonesia podcast every fortnight. Catch up on previous episodes here, subscribe via iTunes or listen via your favourite podcasting app. Photo: @AP 2018

As the COVID-19 pandemic drives crude oil prices into the $30 per barrel range, the Energy Evolution team takes a look at what the global economic slowdown means for fossil fuels, utilities and renewable energy.   Listen to the episode, and subscribe to catch future episodes.   (Photo: AP)  

As the COVID-19 pandemic drives crude oil prices into the $30 per barrel range, the Energy Evolution team takes a look at what the global economic slowdown means for fossil fuels, utilities and renewable energy.   Listen to the episode, and subscribe to catch future episodes.   (Photo: AP)  

Wall Street's top regulator is moving to fundamentally reshape the proxy process, one of the key avenues shareholders use to engage with companies on environmental, social and governance issues. In the latest episode of ESG Insider, a podcast hosted by S&P Global, we talk to stakeholders about what the proxy rule changes the U.S. Securities and Exchange Commission is weighing could mean for companies and investors. Some investors worry that proposed rule changes could make it harder for shareholders to engage with companies through the proxy process. "When you cut off the opportunities for new ideas to emerge ... you are denying the marketplace the opportunity to vet those ideas and the marketplace will be poorer for it," says Jonas Kron, director of shareholder advocacy at Trillium Asset Management, a firm that uses ESG factors to manage about $3 billion in assets and has submitted shareholder resolutions at major companies. Advocates for change say proxy rule updates will bring needed sanity to a process that has morphed into a political tool. " The shareholder proposal process in our viewpoint has been subverted over the last several years from being one of a communications device between shareholders and companies ... and instead is being used by certain special interest activists to push agendas or issues that they can't make progress on in Washington," says Tom Quaadman, executive vice president at the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness, discussing why the chamber has lobbied for these changes. Regulators are actively considering proxy rule modifications, but some say the private sector — not government — will provide the biggest catalyst for change. In early 2020, BlackRock Inc. CEO Larry Fink wrote a game-changing annual letter urging chief executives around the world to make more robust ESG disclosures using existing frameworks from the Sustainability Accounting Standards Board, or SASB, and the Task Force on Climate-related Financial Disclosures, or TCFD. BlackRock is the world's largest asset manager and its CEO has considerable clout, explains Robert Jackson, who recently finished his term as an SEC commissioner. "Companies across America right now I can assure you are talking seriously about what they have to do to come in compliance with those standards because if they don't, they're going to face a skeptical BlackRock come proxy season next year," Jackson says in an interview with ESG Insider. "Almost no board in America wants to face that." Listen to the episode, and subscribe to ESG Insider on Soundcloud, Spotify, Apple Podcasts, or wherever you get your podcasts.  (Photo: AP) 

After an S&P Global Market Intelligence investigative team uncovered the powerful incentives to build natural gas-fired power plants in the U.S., the Energy Evolution podcast interviewed some of the "Overpowered" series' sources and authors to follow up on why utilities are adding gas generation despite flat demand and some states' efforts to adopt more renewable energy. Energy Evolution also talked to sources from the Overpowered series about why the PJM Interconnection — the country's largest market for electric power — may continue to over-procure gas generation capacity, how Virginia state officials are starting to push back against Dominion Energy Inc.'s electricity demand forecasts and what the Oxnard, Calif., city council is doing to acquire more power from renewable resources after rejecting the Puente Power Project proposed by NRG Energy Inc. and Edison International utility Southern California Edison Co. Subscribe to Energy Evolution on Soundcloud, Apple Podcasts, Spotify and Stitcher. (Photo: AP)

After an S&P Global Market Intelligence investigative team uncovered the powerful incentives to build natural gas-fired power plants in the U.S., the Energy Evolution podcast interviewed some of the "Overpowered" series' sources and authors to follow up on why utilities are adding gas generation despite flat demand and some states' efforts to adopt more renewable energy. Energy Evolution also talked to sources from the Overpowered series about why the PJM Interconnection — the country's largest market for electric power — may continue to over-procure gas generation capacity, how Virginia state officials are starting to push back against Dominion Energy Inc.'s electricity demand forecasts and what the Oxnard, Calif., city council is doing to acquire more power from renewable resources after rejecting the Puente Power Project proposed by NRG Energy Inc. and Edison International utility Southern California Edison Co. Subscribe to Energy Evolution on Soundcloud, Apple Podcasts, Spotify and Stitcher. (Photo: AP)

"Baby steps are equivalent to nothing in this day and age.” This is what Mindy Lubber told ESG Insider, an S&P Global podcast about the environmental, social and governance issues shaping company strategies and investor decisions. Lubber is CEO of sustainability nonprofit Ceres, and she was talking about how slowly many companies are reacting to climate change and disclosing their environmental risks. In this first episode of 2020, ESG Insider talked to Lubber and other key stakeholders across the ESG world about the issues they are focused on in the new decade. The sluggish response to rapidly worsening climate risks was a recurring theme. "Given the immediacy of climate change, I am constantly surprised at the slow reaction of the markets of institutional investors," said Christopher Ailman, chief investment officer of the California State Teachers' Retirement System. CalSTRS is the 2nd-largest U.S. pension fund with a $248 billion investment portfolio. Even companies that recognize the threat of climate change continue struggling with how to measure and disclose it. The lack of relevant, quality and comparable ESG data was another recurring theme among attendees of Sustainable Finance Week, a series of events in New York City where policymakers, asset owners and managers and corporations from around the globe convened in December. "CEOs are thinking about it. Insurance companies, frankly, are already pricing it in. Investors need to wake up and recognize this is a factor they've got to think about in their portfolio," Ailman told ESG Insider. The lack of standards continues to create survey fatigue. Corporations are devoting a lot of time and money to filling out surveys from all different stakeholders about their ESG data — a common refrain at ESG conferences. The Sustainability Accounting Standards Board is working to address this problem. SASB is a U.S. nonprofit organization developing disclosure standards for material ESG factors, and ESG Insider spoke to Jeff Hales, chair of SASB's Standards Board, during the group's annual symposium. There is a potential upside to survey fatigue, however, as we hear from the head of U.S. stewardship and sustainable investing for Legal & General Investment Management America in the episode. Listen to the episode, and subscribe to ESG Insider on Soundcloud to catch future episodes. (Photo: AP)

With key races heating up, 2020 is deemed to be an important year for political advertising. S&P Global Market Intelligence’s senior media reporter Mike Reynolds talks to two senior advertising executives and Peter Leitzinger, media equity research analyst with Kagan, a media market research group within S&P Global Market Intelligence's TMT offering, about projections for ad spending in the 2020 election cycle. They also discuss main races, fund-raising activities, key political issues that might impact ad spending, as well as popular states in presidential races. Beyond broadcast and pay-TV, social media and other digital platforms are expected to impact the overall pie. Listen to the episode to learn more, and subscribe to MediaTalk to catch future episodes. (Photo: AP)

From turkeys and LED lights to celebrating Hanukkah with solar energy, the Energy Evolution team breaks down power usage during the holidays with efficiency tips, fun facts and a cooking tutorial. The fourth episode also features answers to questions about the history behind Americans' holiday light tradition, which variety of stuffing is best and how regional grid operators prepare to accommodate soaring demand. Subscribe to Energy Evolution on Soundcloud, Apple Podcasts, Spotify and Stitcher. (Photo: AP)

In this episode of ESG Insider, S&P Global Market Intelligence reporter Gautam Naik takes listeners inside the campaign to end forced labor in Uzbekistan's cotton fields. He visited Uzbek cotton fields during the 2019 harvest, sat down with human rights activists and interviewed government ministers trying to change the system. A decade ago, Uzbekistan forced more than one million doctors, teachers, nurses and even schoolchildren to head out into the fields each autumn and bring in the cotton crop. Back then, a good chunk of Uzbek cotton – produced under harsh conditions of forced labor -- ended up in thousands of shirts, jeans and shoes sold by western fashion brands. But as more and more companies stopped using Uzbek cotton, something unexpected happened: the government backed down and decided to aggressively roll back its state-sponsored forced-labor regime. For investors and asset managers who worry about the risks of labor exploitation in consumer supply chains, the Uzbekistan cotton story is a rare thing -- a vivid example of how corporate pressure can lead to enduring change in the global fight against forced labor. Listen to the episode to learn more, and read the story on spglobal.com: https://bit.ly/2sCX1Wq Subscribe to ESG Insider to catch future episodes. (Photo: AP)

From turkeys and LED lights to celebrating Hanukkah with solar energy, the Energy Evolution team breaks down power usage during the holidays with efficiency tips, fun facts and a cooking tutorial. The fourth episode also features answers to questions about the history behind Americans' holiday light tradition, which variety of stuffing is best and how regional grid operators prepare to accommodate soaring demand. Subscribe to Energy Evolution on Soundcloud, Apple Podcasts, Spotify and Stitcher. (Photo: AP)

Private equity investors are paying increasing attention to environmental, social and governance factors and in response many firms are implementing strategies to ensure portfolio companies are screened against ESG factors. This focus is likely to intensify and could even become a requirement for a fund over time, representatives from some of the world’s most prominent private equity firms say in the latest episode of ESG Insider, an S&P Global podcast. At The Blackstone Group Inc., the world’s largest alternative investment firm, the ESG strategy is focused on making low-cost and no-cost operational improvements in its portfolio companies — in particular looking for ways to reduce energy and water consumption, and improve efficiency and reduce costs through the operation and maintenance of equipment. "An example of this work [is] we can look at our investment in the Cosmopolitan hotel in Las Vegas, where we really went in there and helped with energy and water consumption reduction programs, implementing LED lighting throughout the hotel, increasing their recycling rates and improving waste separation efforts just to boost that," Blackstone Global Head of ESG Alison Fenton-Willock tells ESG Insider. ESG considerations are nothing new for many private equity firms, but the industry’s approach is evolving. KKR & Co. Inc., another big alternative asset manager, launched a program over a decade ago focused on supply chain through the lens of issues like worker wellness, transparency and anti-corruption. Over the next 10 years, ESG methodology will be an "absolute requirement" for every general partner, or GP, according to Hamilton Lane Inc. managing director Ana Lei Ortiz. The alternative investment management firm, which invests in private equity funds on behalf of its limited partners, or LPs, performs ESG due diligence on the firms it backs and monitors for adherence with ESG standards across a fund's lifecycle. "[In 10 years GPs] will have to have very clear policies, they'll have to disclose a whole lot of information," Lei Ortiz says. “They won't be able to raise a fund if they're not able to address these basic questions." Subscribe to the ESG Insider podcast to catch future episodes. (Photo: AP)

Social audits are used by consumer goods companies to identify potential human rights abuses, labor violations, and other ESG risks in their supply chains. But critics argue that social audits fall short of their stated objectives. In this episode of ESG Insider, we explore the social audit process and talk to experts about flaws in the system. (Photo: AP)

The price of producing electricity from solar energy has dropped rapidly in the last several years and nothing is stopping it from dropping even further, an expert recently told the hosts of Energy Evolution, an S&P Global Market Intelligence podcast. There is still room for reducing the cost of solar, both by improving the physical workings of the technology itself and by reducing the cost of production and deployment of solar photovoltaics, said Greg Nemet, a professor at the University of Wisconsin-Madison who researches technological shifts and how public policy can affect those changes. Once denounced as too expensive, solar energy is already displacing other fuel sources as the cheapest form of generation in some regions. Nemet, who wrote the recently published book "How Solar Energy Became Cheap," noted one of the challenges with solar energy is that once it is installed it essentially becomes a zero variable cost source of electricity. That could contribute to under investment on the part of utilities. The solution, he said, is to modernize utility regulations that in many cases were created decades ago in order to better accommodate renewable energy resources and other technologies. Listen to the full episode to hear more, and subscribe to Energy Evolution to catch future episodes. (Photo: AP) 

The price of producing electricity from solar energy has dropped rapidly in the last several years and nothing is stopping it from dropping even further, an expert recently told the hosts of Energy Evolution, an S&P Global Market Intelligence podcast. There is still room for reducing the cost of solar, both by improving the physical workings of the technology itself and by reducing the cost of production and deployment of solar photovoltaics, said Greg Nemet, a professor at the University of Wisconsin-Madison who researches technological shifts and how public policy can affect those changes. Once denounced as too expensive, solar energy is already displacing other fuel sources as the cheapest form of generation in some regions. Nemet, who wrote the recently published book "How Solar Energy Became Cheap," noted one of the challenges with solar energy is that once it is installed it essentially becomes a zero variable cost source of electricity. That could contribute to under investment on the part of utilities. The solution, he said, is to modernize utility regulations that in many cases were created decades ago in order to better accommodate renewable energy resources and other technologies. Listen to the full episode to hear more, and subscribe to Energy Evolution to catch future episodes. (Photo: AP) 

Child labor has been a longstanding scourge in the $100-billion cocoa industry for more than two decades. Despite efforts by U.S. Congressmen, African governments, the world’s biggest chocolate companies and various non-profit groups, it has been a tough nut to crack. In this episode, we look at program that actually seems to be having an effect. It uses a network of smartphones to identify child laborers on thousands of remote farms in Ghana and the Ivory Coast. It then tries to persuade farmers to stop using their children on farms and to send them to school instead. You will hear from cocoa farmers in Ghana, from Nestle, maker of KitKat, and a Swiss non-profit group called the International Cocoa Initiative, or ICI, which co-founded the program. (Photo: AP)

As technological innovation is spurs opportunities in the energy sector, the U.S. government wants to facilitate a major shift in how the nation generates its power, top federal energy officials said during a new S&P Global Market Intelligence podcast. "We are in this incredible American moment where we are really seeing a fascinating transition in our energy landscape," Federal Energy Regulatory Commission Chairman Neil Chatterjee said on S&P Global Market Intelligence's second episode of Energy Evolution. "The challenge is that this transition is putting pressure on traditional forms of baseload power, namely coal and nuclear. As the regulator responsible for the reliability of the grid, ensuring that we can make that transition while maintaining reliability is a challenge." The administration has taken several steps to try to support coal and nuclear power. However, agencies like FERC and the U.S. Department of Energy are also supporting the development of policies and technology that would support the growing role renewable energy plays in U.S. electricity generation. "If the cost of renewables, the cost of storage, gets to a point where it can compete, I think that's great for consumers," Chatterjee said. "It's great for the economy. It's great for the environment and it's great for America." The U.S. electricity grid has already undergone a massive change as cheap natural gas from new shale gas drilling technologies pushed coal-fired generation out of the market. Now, growing renewable energy deployment is causing a "bit of a strain on the system," said Brian Anderson, director of the DOE's National Energy Technology Laboratory. "What we're looking for in the future are the options for large scale grid storage of electricity," Anderson said on the Energy Evolution podcast. "There are only a few options: battery packs — the costs are coming down tremendously — and other grid-scale storage options for storing electrons. We're going to start seeing a grid that is much different than we are used to because we need to be able to follow the dynamic nature of intermittent renewables." The DOE is working on finding a part of that solution. For example, they are studying materials that could be used to create a new generation of battery storage technology that does not have the same limitations as current batteries utilizing lithium-ion. "Lithium ion's done a great job for the last two or three decades, providing storage capabilities," said Dan Brouillette, the deputy secretary of the U.S. Department of Energy who has recently been tapped to succeed outgoing Energy Secretary Rick Perry. "But it is limited and the ability to do utility-scale or large-scale storage still eludes us. That's why we've seen perhaps a slower adoption of some of the renewable technologies and we might otherwise have had." DOE is examining the possibility of using magnesium-ion instead of lithium-ion, for instance, which may prove to be a better means of storing power for later use. Battery storage research and development, he added is a high priority for the DOE as the technology is expected to be a "very important component" of the U.S. electricity generation mix in the coming years. The agency is also looking to more futuristic technology such as being able to beam power from one point to another without the use of wires. "Think about that," Brouillette said on the podcast. "Think about a world in which hurricanes matter perhaps a little bit less for the provision of electricity or the recovery from a major catastrophe like that. Those are some of the things we're thinking about at the DOE. And it's a very exciting place to be." Subscribe to Energy Evolution on Soundcloud to catch future episodes. (Photo: AP)

As technological innovation is spurs opportunities in the energy sector, the U.S. government wants to facilitate a major shift in how the nation generates its power, top federal energy officials said during a new S&P Global Market Intelligence podcast. "We are in this incredible American moment where we are really seeing a fascinating transition in our energy landscape," Federal Energy Regulatory Commission Chairman Neil Chatterjee said on S&P Global Market Intelligence's second episode of Energy Evolution. "The challenge is that this transition is putting pressure on traditional forms of baseload power, namely coal and nuclear. As the regulator responsible for the reliability of the grid, ensuring that we can make that transition while maintaining reliability is a challenge." The administration has taken several steps to try to support coal and nuclear power. However, agencies like FERC and the U.S. Department of Energy are also supporting the development of policies and technology that would support the growing role renewable energy plays in U.S. electricity generation. "If the cost of renewables, the cost of storage, gets to a point where it can compete, I think that's great for consumers," Chatterjee said. "It's great for the economy. It's great for the environment and it's great for America." The U.S. electricity grid has already undergone a massive change as cheap natural gas from new shale gas drilling technologies pushed coal-fired generation out of the market. Now, growing renewable energy deployment is causing a "bit of a strain on the system," said Brian Anderson, director of the DOE's National Energy Technology Laboratory. "What we're looking for in the future are the options for large scale grid storage of electricity," Anderson said on the Energy Evolution podcast. "There are only a few options: battery packs — the costs are coming down tremendously — and other grid-scale storage options for storing electrons. We're going to start seeing a grid that is much different than we are used to because we need to be able to follow the dynamic nature of intermittent renewables." The DOE is working on finding a part of that solution. For example, they are studying materials that could be used to create a new generation of battery storage technology that does not have the same limitations as current batteries utilizing lithium-ion. "Lithium ion's done a great job for the last two or three decades, providing storage capabilities," said Dan Brouillette, the deputy secretary of the U.S. Department of Energy who has recently been tapped to succeed outgoing Energy Secretary Rick Perry. "But it is limited and the ability to do utility-scale or large-scale storage still eludes us. That's why we've seen perhaps a slower adoption of some of the renewable technologies and we might otherwise have had." DOE is examining the possibility of using magnesium-ion instead of lithium-ion, for instance, which may prove to be a better means of storing power for later use. Battery storage research and development, he added is a high priority for the DOE as the technology is expected to be a "very important component" of the U.S. electricity generation mix in the coming years. The agency is also looking to more futuristic technology such as being able to beam power from one point to another without the use of wires. "Think about that," Brouillette said on the podcast. "Think about a world in which hurricanes matter perhaps a little bit less for the provision of electricity or the recovery from a major catastrophe like that. Those are some of the things we're thinking about at the DOE. And it's a very exciting place to be." Subscribe to Energy Evolution on Soundcloud to catch future episodes. (Photo: AP)

Population growth and mineral resource scarcity will hamper the global energy sector's transition from hydrocarbons to renewables even as activist investors push many oil and gas companies to pivot toward more sustainable electricity sources, financial forecaster and futurist Jason Schenker says in the inaugural episode of Energy Evolution, a new S&P Global Market Intelligence podcast. Schenker is the Chairman of The Futurist Institute and the President of Prestige Economics. He has also authored several books on disruptive emerging technologies, including "The Future of Energy". Subscribe to Energy Evolution on Soundcloud to catch upcoming episodes! (Photo: AP)

Population growth and mineral resource scarcity will hamper the global energy sector's transition from hydrocarbons to renewables even as activist investors push many oil and gas companies to pivot toward more sustainable electricity sources, financial forecaster and futurist Jason Schenker says in the inaugural episode of Energy Evolution, a new S&P Global Market Intelligence podcast. Schenker is the Chairman of The Futurist Institute and the President of Prestige Economics. He has also authored several books on disruptive emerging technologies, including "The Future of Energy". Subscribe to Energy Evolution on Soundcloud to catch upcoming episodes! (Photo: AP)

A proposed new European Union green classification system would help investors and companies identify and make environmentally friendly decisions and may evolve over time to include rules for social and governance-related investments, experts explain on the latest episode of ESG Insider, an S&P Global podcast. The taxonomy, which the European Commission released for comment in June, "sits at the heart of the EU's action plan on sustainable finance and it's really the essential definition by which we can all judge whether something is green and sustainable or not," said Richard Mattison, CEO of Trucost, which is part of S&P Global Market Intelligence. Mattison, who worked with the EU to craft the recommendations for the taxonomy, also outlined ways companies and investors are likely to apply the rules. And he indicated the policy may be refined and expanded over time to cover a more comprehensive list of social and governance issues such as gender diversity and forced labor. Also in the episode, we talked to Sean Kidney, CEO of the Climate Bonds Initiative, which has its own taxonomy for green bonds. Kidney said the EU's classification system could open up the green bond market to a whole new set of issuers. The EU taxonomy has broader implications too, according to June Choi, a research analyst at the Climate Policy Initiative. "The fact that the EU is taking such a high-level action on climate change sends a very important policy signal, not just for sustainable investors, but to the society in general, because it shows ... a certain level of political resolve to tackle climate change," Choi said. To catch future episodes of ESG Insider, subscribe on Soundcloud, Spotify or iTunes. (Photo: AP)

"The environment in which the debate is happening, it's not like it was 10 years ago. We're in the midst of a 'Me Too' movement, we're in the midst of a very, very public discussion about equal pay." This is what Rep. Rosa DeLauro told S&P Global Market Intelligence about why she recently reintroduced the Paycheck Fairness Act and why she thinks it has momentum as it heads to the Senate. It has has already been a big year for pay equity advocates: In January, Citigroup Inc. became the first bank to disclose its median gender pay gap, while actress Michelle Williams made headlines when she spoke on Capitol Hill about her personal experience being paid far less than her male costar. DeLauro hopes to build on that momentum. The Democrat congresswoman from Connecticut is one of several experts we interviewed about the gender pay gap for the latest episode of ESG Insider, an S&P Global podcast. While the U.S. Congress weighs DeLauro's bill, the U.K. has already implemented a law requiring that organizations report on their gender pay gaps. In April, U.K. companies disclosed this information for just the second time, and our podcast dives into the new data points, looking at which companies and industries made progress closing the gap. In the U.S., the issue is also garnering investor attention. In this episode, we hear from an activist shareholder who submitted a proposal calling for more gender pay gap disclosures at some of the nation's largest banks. Bank of America Corp. and Wells Fargo & Co. shareholders voted down the proposal at meetings in April, and JPMorgan Chase & Co. shareholders are poised to vote on the proposal later in May. "We're definitely at a transition point for transparency and disclosure, and any employer that is too hesitant risks being left behind by the broader conversation," said Glassdoor Senior Economist and Data Scientist Daniel Zhao. We talked to Zhao about a new report by Glassdoor, which found the gender pay gap is narrowing but persists around the globe. The U.S. adjusted pay gap fell below 5% in 2018 from 6.5% in 2011, thanks in part to a tighter labor market, more women participating in the workforce and greater awareness of the issue, the jobs website found. The issue is gaining momentum and publicity, but experts we interviewed say closing the gap will take years. "That might not sound like a lot, but it adds up to tens of thousands of dollars over a woman's career," Zhao said. "The gender pay gap is narrowing, but at a slow pace. At the current rate, it will be decades if not generations before the pay gap closes fully." (Photo: AP)

The interviews: U.S. EPA Chief Andrew Wheeler, Citigroup Global Head of HR Sara Wechter, Arjuna Capital Managing Partner Natasha Lamb, Center for Political Accountability President Bruce Freed, ACCF VP of Policy Tim Doyle, As You Sow President Danielle Fugere.   The backstory: Shareholders filed proposals on nearly 400 environmental, social and sustainability issues at U.S. companies through mid-February. The top topics were climate change, gender diversity and corporate political spending. In the second episode of ESG Insider, an S&P Global podcast, we talk to the activist shareholders behind some of these proposals. We hear from one of the world's largest banks about how it engaged with an activist investor on the gender pay gap. And some skeptics of the ESG movement weigh in with their misgivings about the corporate focus on sustainability. "At some point it comes down to: is the company taking the action that shareholders think is necessary? And if not, the resolution process is a way to focus a company's attention on the issue," said Danielle Fugere, president and chief counsel of As You Sow, which is at the forefront of efforts to get companies to set targets to lower their greenhouse gas emissions in line with the Paris Agreement on climate change. The episode features an exclusive interview with U.S. Environmental Protection Agency Administrator Andrew Wheeler, who shares his views on the ESG movement. Also in episode 2, Arjuna Capital LLC Managing Partner Natasha Lamb reveals how her wealth management firm convinced Citigroup Inc. to disclose new — and unflattering — gender pay gap data, even as other banks push back. And Citigroup Global Head of Human Resources Sara Wechter explains why the bank is OK with admitting it has some progress to make in that area. "In order for us to really make a difference, we have to become as comfortable as we possibly can be with the numbers, even if they are uncomfortable," Wechter said. Other podcast guests include Center for Political Accountability President and Co-founder Bruce Freed, and Tim Doyle of the American Council For Capital Formation, which is a member of the Main Street Investors Coalition that is pushing back on the ESG movement. (Photo: AP)

The interviews: Rakhi Kumar, State Street Global Advisors’ head of ESG investments; Libby Bernick, Trucost managing director; Mindy Lubber, CEO and president of Ceres. The backstory: Progress on corporate disclosures. A looming talent shortage. Climate change mitigation. These are among the top trends that sustainability experts predict will shape the ESG landscape in 2019. In the inaugural episode of ESG Insider, a new podcast from S&P Global, co-hosts Esther Whieldon and Lindsey White speak to several ESG leaders about the key themes they are watching this year, including Rakhi Kumar, State Street Global Advisors’ head of ESG investments and asset stewardship, Mindy Lubber, CEO and president of Ceres, and Libby Bernick, Trucost managing director and global head of corporate business. Lindsey White is a financial news editor with S&P Global Market Intelligence. Esther Whieldon is a sustainability & climate news reporter, also with Market Intelligence. (Photo: AP)

Photo AP

Photo : AP

Photo: (AP photo/Artur Harutyunyan, PAN Photo) Why are we so fascinated with the Kardashians?  Guest: Jerry Oppenheimer.  NY Times bestselling biographer who has written about the Clintons, Bernie Madoff, Martha Stewart and the Kennedy's. Author: The Kardashians: An American Drama. See omnystudio.com/listener for privacy information.

In 1990, 184 Tamils were killed by the Sri Lankan army at Batticaloa in the east of the island during the civil war between the Sinhala majority and the Tamil minority. Farhana Haider has been speaking to the Bishop of Batticaloa, Kingsley Swampillai. (Photo: AP )

On March 31 1995, rising Latino superstar Selena was shot dead by her fan club manager in a Texas motel. The Grammy-award-winning singer was just 23 years old at the time. Her husband, Chris Perez, tells Witness about the day he lost his wife. (Photo: AP)

On 7 February 1964, British pop group The Beatles were met by hysterical crowds when their plane landed in the USA. Judith Kristen was one of the thousands of teenage girls at the airport that day. Hear her memories of Beatlemania. Photo: AP

In 1991, pro-independence Lithuanians took to the streets against Soviet tanks. Over a dozen protesters were killed on January 13th as soldiers from the USSR took control of the Vilnius TV Tower. Hear from Nida Degutiene, one of the demonstrators who was there that night. PHOTO: AP

In 1972, the world was transfixed by a Chess match. At the height of the Cold War, volatile American Bobby Fischer took on Boris Spassky of the Soviet Union for the World Championship. Played in Iceland, the showdown was known as the "Match of the Century". Alex Last speaks to an Icelandic policeman who became a close companion of Bobby Fischer. PHOTO: AP

In November 1999 police battled with anti-globalisation protestors for control of the streets of Seattle. The demonstrators were protesting against World Trade Organisation talks taking place in the US city. Norm Stamper was the Chief of Police in Seattle at the time. Photo: AP

In July 1959 two Cold War leaders argued over whose system was best. But who won the argument when Nikita Khrushchev and Richard Nixon went head to head in public? And why were they talking about kitchen appliances? Photo: AP

In 1996 over a thousand prisoners were killed at Abu Salim jail in Tripoli. Many people see the killings as the spark that eventually led to the uprising against Colonel Gaddafi's government. When protestors first went on the streets of Benghazi in February this year it was to demonstrate against the arrest of a lawyer who was investigating the killings. Photo: AP

On 30 March 1981, there was an attempt to assassinate the US President. Jerry Parr was one of the special agents who helped to save Ronald Reagan's life. Photo:AP