Home' Trinidad and Tobago Guardian : November 10th 2013 Contents A36
Sunday Guardian www.guardian.co.tt November 10, 2013
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Wednesday 13th November 2013.
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Lynn Patterson, director, Corporate Respon-
sibility of Royal Bank of Canada (RBC), will be
the keynote speaker at the 2013 Youth Forum
on Climate Change. The event hosted by Earth
Conscious magazine takes place at the Capital
Plaza, Port-of-Spain, on December 7.
Patterson, a Canadian national, oversees RBC s
global corporate responsibility strategy, including
programmes, communications and reporting.
She is responsible for strategy and commu-
nications for the RBC Blue Water Project and
the RBC Believe in Kids Pledge.
The RBC Blue Water Project was launched in
2007 to help create a culture of water steward-
ship, and to date, the bank has supported more
than 600 not-for-profit water protection organ-
isations worldwide, with donations of more than
CA$33 million. Patterson has more than 25 years
experience in corporate communications, and
was a contributor to Better by the Drop: Revealing
the Value of Water to Canadian Agriculture,
published by the Blue Economy Initiative in
She will speak about the importance of water
to people, business and nature.
Linda Hutchinson-Jafar, forum organiser and
editor of Earth Conscious Magazine said: "Ms
Patterson s attendance affirms the company s
commitment to sustainability
issues wherever RBC operates.
"The anticipated increased
temperatures and reduced
rainfall has serious implica-
tions for water resources and
food sustainability in Trinidad
and Tobago and the
Caribbean... Ms Patterson s
visit is quite timely."
The 2013 Youth Forum,
Impact on Livelihoods: Water
& Food Security, will have its
focus on agriculture and water
resources, two major sectors
that are already adversely
impacted by climatic changes.
Now in its third year, the
forum has for over the last
two years, provided a voice
for more than 500 youth del-
egates between ages 14-25
drawn from a number of sec-
ondary schools and tertiary
institutions as well as from
NGOs and relevant agencies
Through the forum, the
country is witnessing a wel-
come shift among teens and
young adults towards conser-
vation and preservation of the
According to Hutchinson-
Jafar, the broader objectives
of the Youth Forum on Cli-
mate Change aim to engage
and empower youth to devel-
op and pursue innovative
ideas aimed at addressing the
issues of climate change and
its potential negative impact
on society, beginning at the
personal and community lev-
RBC banker to address climate forum
As part of its ongoing commitment to our
unit holders, the Unit Trust Corporation (UTC)
is streamlining its operations to meet market
changes, by pursuing opportunities that not
only enhance its competitiveness but comple-
ment unitholders investment strategies.
In a statement the UTC said its Cayman
Islands registered funds which comprises the
Asia Pacific Fund, the Latin American Fund,
the European Fund, the Global Bond Fund and
the Energy Fund, have been severely affected
by global economic challenges and have not
performed up to expectations.
In addition, after five years of operation the
funds have not grown sufficiently to be able to
sustain their full operating costs, having only
attracted 902 investors who hold less than US$6
million in the five funds combined.
This is in comparison to the Growth and
Income Fund, which has over 235,000 investors
who hold investments of over TT$4 billion in
"In light of this, the board has taken the deci-
sion to close these particular Cayman Funds,"
the UTC said.
"We have also responded to changing market
needs and are currently exploring bringing a
new fund to market, in response to unitholders
preferences and in keeping with our strategic
intentions to provide value for unit holders. We
intend to tighten our focus on the funds that
our Unitholders have embraced and which con-
tinue to grow while eliminating funds that our
unitholders do not find attractive.
"The Unit Trust Corporation, as part of its
strategic plan, has focused on ensuring that
resources are appropriately aligned to address
the needs of our customers and to position the
Corporation for future growth. We intend to
continue to make decisions that support our
strategic objectives and complement our core
mission of providing appealing investment alter-
natives for the people of Trinidad and Tobago."
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