Wednesday 13th November 2019
Wednesday, 13th of November 2019
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Sustainable Devpt

Norway’s SWF drops 52 firms with ties to coal

Marthe Skaar

Norway’s $860 billion Sovereign Wealth Fund (SWF) has unveiled the first list of miners and power producers to be excluded from its portfolio following a ban on coal investments. The 52 companies being barred include American Electric Power Co. Inc., China Shenhua Energy Co. Ltd., Whitehaven Coal Ltd., Tata Power Co. and Peabody Energy Corp., according to a statement from ...

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Madagascar biodiversity offset a landgrab in disguise, says report

madagascar_fisema_riotinto_1

On the occasion of the Rio Tinto AGM on Thursday, 14 April 2016 in London, Re:Common and the World Rainforest Movement released a report titled: “Rio Tinto’s biodiversity offset in Madagascar: Double landgrab in the name of biodiversity?” In recent years mining companies have become actively engaged in promoting “biodiversity offsetting” as a way of “greening” the mining sector. The ...

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New PIB: Host communities on the lurch?

Dr Bukola Saraki

While no one can say that the Nigerian petroleum resources sector is known for transparency, most would readily agree that it wields a lot of power. The sector has effectively determined the political, economic, social and cultural paths of the nation since its ascendancy as major income earner for the nation. As its power rose, so the attendant impunity, including ...

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Government reviews MDGs execution, to prioritise SDGs

Adejoke Orelope-Adefulire

The Senior Special Assistant to the President on Sustainable Development Goals (SSAP-SDGs), Princess Adejoke Orelope-Adefulire, has stated that the Federal Government is reviewing Nigeria’s implementation of the just concluded Millennium Development Goals (MDGs) in a bid to ensure a proper, accelerated and efficient implementation of the Sustainable Development Goals (SDGs). Princess Orelope-Adefulire, who stated this recently in Abuja at a ...

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‘World wastes $1 trillion on needless new coal plants’

Fossil fuel pollution

Nearly $1 trillion (£700 billion) is being invested in new coal-fired power plants worldwide despite the fact that the demand for electricity generated from coal has declined for two years in a row, shows a new report released this week. The report, by Greenpeace, the Sierra Club and CoalSwarm, warns that this problem of overbuilding is creating an “increasingly severe ...

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China to halt construction on coal-fired power plants in 15 regions

Coal-Fired-Power-Plant

Move still falls short of halting build-up of overcapacity in coal-fired power generation, critics say China will stop the construction of coal-fired power plants in 15 regions as part of its efforts to tackle a capacity glut in the sector, the country’s energy regulator said on Thursday, confirming an earlier media report. The Southern Energy Observer, a magazine run by the ...

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Ogun to plant 1.5 million tree seedlings

Kolawole-Lawal

The Ogun State Government has reiterated the importance of planting trees in the society, saying that, aside of its contribution to socio-economic development, it also for human survival as the climate change time to time. Commissioner for Forestry, Chief Kolawole Lawal, who made the disclosed after planting some tree seedlings as part of the programme to commemorate the 2016 International ...

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Canada, US partner on climate, energy, Arctic biodiversity

Canadian Prime Minister Justin Trudeau

The Executive Secretary of the Convention on Biological Diversity, Mr. Braulio Ferreira de Souza Dias, has applauded the Arctic Partnership announced last Thursday by United States President Barack Obama and Canadian Prime Minister Justin Trudeau in Washington, D.C. Although focused on climate action, the partnership is said to have far-reaching consequences for biodiversity in the Arctic, including the role of ...

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Firm sanctioned for violation of EU timber regulations

Meike-Rijksen

History was made in the Netherlands on Wednesday as the authorities imposed a first-ever sanction on a Dutch company for violating the European Timber Regulation. The sanction follows a Greenpeace investigation into the controversial Cameroonian timber trader CCT, who is sourcing timber from companies involved in illegally logging and exporting timber to several countries in Europe, including the Netherlands. Meike ...

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Congo may re-open vast rainforest to industrial loggers

Lars Løvold of Rainforest Foundation Norway

A tropical rainforest more than twice the size of France is at risk of being cut down, following news from the Democratic Republic of Congo (DRC) that the government is considering re-opening its forest to new logging companies. This comes at a time when the governments of Norway, France, Germany, the UK, and the European Union, are assessing whether to ...

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