On September 8th-9th 2017, Buffalo-based groove-rock quartet Aqueous joined a roster of fellow rising stars in the jam scene including Spafford, The Main Squeeze, Mungion, Organ Freeman, Cycles, and more for a weekend of fantastic music at one of the most breathtaking live music venues in the country: Bellevue, CO’s Mishawaka Amphitheatre.Inaugural Canyon Jam Brings Spafford, Aqueous, Main Squeeze, & More To The Mish [Photo/Video/Audio]Founded in 1916, “The Mish” is an iconic outdoor venue that sits along the banks of Colorado’s Cache la Poudre River, offering breathtaking views of its serene surroundings for both the fans that attend concerts there and the artists who play there. The river, whose French name translates to English as “hide the powder,” earned its title from an incident in the 1820s when French trappers caught in a snowstorm were forced to bury the gun powder they were carrying with them along the river bank. Today, artists continue to be affected by the venue’s natural beauty, as the natural backdrop of the surrounding mountains and the river–which quite literally flows directly behind the stage–consistently draws inspired performances out of artists.The “Mishawaka Effect” was in full effect during Aqueous’s set when, toward the end of their performance, they moved into a cover of The Beatles‘ iconic Magical Mystery Tour hit, “Strawberry Fields Forever”. Over the course of the song’s main portion and the gracefully expanding jam that followed, Aqueous masterfully channeled the energy of their hallowed surroundings to stunning effect, leaving jaws littering the amphitheatre’s floor.“There’s certain times that your environment can really seep in and influence the direction the music takes,” explains guitarist/vocalist Mike Gantzer of the Mish “Strawberry Fields” jam. “The improv section of ‘Strawberry Fields Forever’ from Canyon Jam stands as a testament to that idea. The Mishawaka Amphitheater is one of the most beautiful and scenic venues that Aqueous has had the honor of playing, and a vibe just sort of took hold as we navigated around this jam; it was a chill-inducing, emotional moment on stage, and that feeling lives in this version of the tune for sure. Those are the moments we live for as a band!”You can relive the blissful, soaring “Strawberry Fields Forever” from Canyon Jam below. Tune in, zone out, and let Aqueous take you down to Strawberry Fields through fields of color, via the band’s Facebook page:For a list of Aqueous’ upcoming shows, head to the band’s website.[Cover photo:Bill McAlaine]
Norway’s giant sovereign wealth fund terminated asset managers running NOK20bn (€2bn) of green investment mandates last year, bringing the investments in house to save costs.Norges Bank Investment Management (NBIM), which runs the NOK8.6trn Government Pension Fund Global (GPFG), said in its annual responsible investment report that its environmental, social and corporate governance (ESG) themed mandates made a loss of 8.3% over the course of last year.The allocation’s annualised return since inception just over eight years ago was 4.5% – below the 7.3% return on the MSCI Global Environment index over the same period, according to NBIM data.“To reduce cost in the management of the fund, the externally managed, environment-related mandates were terminated in 2018,” NBIM said in the report, adding that these mandates were now almost totally managed internally. “We have built up extensive internal expertise in environmental technology,” it said.The mandates – set up in 2010 on the Norwegian Finance Ministry’s instruction – totalled NOK43.3bn at the end of 2018. A spokesperson for NBIM said around NOK20bn was managed externally. According to the rules laid down by the ministry, the allocation can range between NOK30bn and NOK60bn of assets.Further readingNorway’s oil fund to axe real estate arm and reduce target allocation NBIM also announced yesterday that it was discontinuing Norges Bank Real Estate Management as a separate entity within the organisation, as part of an overhaul of its approach to property investing. Rachel Fixsen reports for IPE Real Assets.Releasing the responsible investment report yesterday, NBIM also said it had dealt with new climate-related issues last year.“Some new issues are emerging from the transition to a low-carbon economy,” said Carine Smith Ihenacho, chief corporate governance officer.In 2018, she said, NBIM had talks with companies in the car sector that use cobalt as a component of lithium batteries. Companies involved in mining cobalt have been linked to human rights issues in recent years.“We contacted companies to understand their low-emission plans and how they are managing the risk of human rights violations in their supply chains,” Smith Ihenacho said.According to the report, climate change was the ESG topic most frequently addressed in NBIM’s meetings with companies last year, having been a priority topic at 272 events in 2018.The manager said it had conducted almost 1,500 company meetings in 2018 at which it discussed governance issues and followed up on its expectations of businesses.