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Any views expressed in this opinion piece are those of the author and not of Thomson Reuters Foundation. Ahead of summit, more than 100 economists call on G7 countries to commit to shift their finance out of all fossil fuels this year, to enable a green pandemic recovery On June 11-13, world leaders will gather at the G7 summit. There, they plan to adopt an agenda to “build back better from coronavirus and create a greener, more prosperous future”. We, the undersigned economists, believe that this means decisively shifting finance out of fossil fuels, and into clean alternatives worldwide. We welcome the decision taken last month by G7 environment ministers to end international finance to coal-fired power in 2021. We call on G7 leaders to go further and shift their finance out of all fossil fuels in 2021. ....
Advertisement Cash-burning industries are using their most valuable assets to secure liquidity during the pandemic. Yield-hungry investors are happy to oblige. March 09, 2021 The lush coconut palms and shady cabanas of Great Stirrup Cay welcomed cruise ship passengers until the Covid-19 pandemic froze the multibillion-dollar travel industry. The tiny island in the Bahamas is now a lifeboat for creditors instead. The tropical paradise’s owner, Norwegian Cruise Line, pledged it last year along with Harvest Caye off southern Belize, and two ships, as bond collateral for a $675 million loan. “The pandemic saw stressed issuers like Carnival, Norwegian Cruise Line and United Airlines make creative use of their assets such as ships, islands and airplanes to raise liquidity when they needed it,” says Shweta Rao, UK-based senior director and head of Europe, Middle East and Africa (EMEA) Covenants at Reorg, a global financial and legal intelligence provider. Carnival u ....
her priorities are fighting crime, creating more jobs especially green jobs, and bolster the city schools with volunteer mentors. today s preinauguration celebration is at the science center. tomorrow s inauguration will kick off from a walk from renaissance plaza and end at the fox theater where the swearing in ceremonies will take place. san francisco firefighters are still looking into the cause of a blaze at a downtown apartment building new year s day. none of the residents were seriously injured but the fire has left them homeless. thomas roman reports. the african american community in the bay area have made national news. the situations have not always been in the best of light. the people of the baptist minister s union or bmu are committed to change. they say they don t like what they re seeing in their cities. a community where not where we should be! all right. sorry about that. wrong story. we ll get to that a little later and try to get back to the ....