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Delft, Analativu and Nainativu Islands to China, no change in decision


Tuesday, 16 February 2021 - 21:26
Energy Minister Udaya Gammanpila has stated that there is no change in the decision taken to hand over three northern islands belonging to Sri Lanka to three Chinese companies for a joint energy project to be implemented with China.
He was responding to a question raised by a journalist at a media briefing at the Government Information Department today. (Video of the Ministers response in English at the end of the Article)
The Cabinet had approved the allocation of Delft, Analativu and Nainativu Islands for the project on January 18.
India concerned
Meanwhile, Sri Lanka’s recent decision to pull out of the East Container Terminal (ECT) deal with India and Japan is not the only challenge to New Delhi’s interests emerging this year according to Indian  media reports. A week before reneging on the 2019 Colombo Port terminal agreement, Sri Lanka cleared a Chinese energy project in three islands off Jaffna peninsula that are ba ....

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France's BNP to stop financing customers using converted Amazon forest land


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PARIS (Reuters) - France s BNP Paribas said on Monday it would not finance customers producing or buying beef or soybeans from land in the Amazon cleared or converted after 2008.
BNP, which outlined a policy to fight deforestation in the Amazon and the Cerrado regions, also said it would encourage its clients not to produce or buy beef or soybeans from Cerrado land cleared or converted land after Jan. 1 2020.
The bank, France s largest listed lender, said it would only provide financial products or services to companies - producers, meat conditioners and traders - with a strategy to achieve zero deforestation in their production and supply chains by 2025 at the latest. ....

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