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Undercover Activists Say They've Found A Factory In China Turning Endangered Whale Sharks Into Soup And Lipstick

Carving whale shark. Photo: WildLifeRisk

Image: Carving whale shark. Photo: WildLifeRisk

businessinsider.com.au - January 28, 2014 - Chris Pash

An activist group has uncovered what it says is a whale shark factory in China processing up to 600 of the endangered fish each year.

WildLifeRisk, a Hong Kong-based conservation group, says the whale sharks are being processed at the “China Wenzhou Yueqing Marine Organisms Health Protection Foods Co Ltd” in China’s PuQi township near Wenzhou, Zhejiang Province.

The factory is fed by a network of agents who pay fishermen up to $US30,000 for one whale shark which can grow to 12m and weigh 20 tonnes.

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Puerto Rico’s Indebted Power Utility Adds to Island’s Problems

       

The Puerto Rico Electric Power Authority must repay $146 million over the next two months for a credit line used to buy oil to generate electricity.  Credit Dennis M. Rivera-Pichardo for The New York Times

dealbook.nytimes.com - by Michael Corkery - July 1, 2014

Puerto Rico’s electrical utility is running out of money and time to negotiate a deal with its lenders, part of a broad reckoning for an island that relies on Wall Street to finance some of its most basic functions.

The Puerto Rico Electric Power Authority must repay $146 million to Citigroup over the next two months for a credit line used to buy oil to generate electricity. It is also uncertain whether the authority will be able to renew a $550 million credit line from Scotiabank for fuel purchases, people briefed on the matter said.

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Recession Linked to More Than 10,000 Suicides in North America, Europe

But countries can take steps to reduce self-harm cases during economic downturns, researchers say

consumer.healthday.com

THURSDAY, June 12, 2014 (HealthDay News) -- The Great Recession that began in 2007 appears to have taken more than a financial toll: New research suggests that the economic downturn could be linked with more than 10,000 suicides across North America and Europe.

The study found that between 2008 and 2010, rates of suicide surged in the European Union, Canada and the United States. The increase was four times higher among men than women, according to the report published in the current issue of the British Journal of Psychiatry.

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University of Oxford - Recession 'link' with over 10,000 suicides in the West
http://www.ox.ac.uk/news/2014-06-12-recession-link-over-10000-suicides-west

China Says Climate Deal Hinges On Aid To Emerging Economies

      

A security guard uses a fan to keep cool as a heatwave continues in Shanghai on July 24, 2013. (PETER PARKS/AFP/Getty Images)

huffingtonpost.com - Reuters - by Alister Doyle - June 6, 2014

BONN, Germany, June 6 (Reuters) - China led calls by emerging economies on Friday for the rich to raise financial aid to the poor as a precondition for a United Nations deal to combat global warming.

Many countries at U.N. climate negotiations from June 4-15 have welcomed news this week that the United States plans to slash emissions from power plants, but emerging nations said cash was just as important to unlock progress.

"When the financing is resolved, this will set a very good foundation to negotiate a good agreement," China's chief negotiator Xie Zhenhua told delegates from about 170 nations.

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IMF Chief Says Banks Haven't Changed Since Financial Crisis

      

Christine Lagarde, the managing director of the IMF, presents her address to the Inclusive Capitalism Conference. Photograph: John Stillwell/AP

Christine Lagarde tells London conference banking sector is still resisting reform and taking excessive risks

theguardian.com - by Angela Monaghan - May 27, 2014

The head of the International Monetary Fund has warned that a persistent violation of ethics among bankers and rising inequality pose a major threat to growth and financial stability.

Christine Lagarde told an audience in London that six years on from the deep financial crisis that engulfed the global economy, banks were resisting reform and still too focused on excessive risk taking to secure their bonuses at the expense of public trust.

She said: "The behaviour of the financial sector has not changed fundamentally in a number of dimensions since the crisis.

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Climate Change Will Hurt Nations' Credit Ratings, S&P Warns

            

Credit-rating agency Standard & Poor's warns that climate change will have a negative effect on credit ratings. | Fotosearch Value via Getty Images

huffingtonpost.com - by Sara Gates - May 17, 2014

Add credit ratings to the list of things climate change might ruin.

According to a recent report released by Standard & Poor's Ratings Services, rising global temperatures will put downward pressure on sovereign credit ratings. The international credit-rating firm warns that poorer countries and nations with already low ratings will be hit the hardest by the effects of climate change.

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It's the Law: Big EU Companies Must Report on Sustainability

greenbiz.com - April 17, 2014

Wednesday was a historic day in Europe, where a new law will require its biggest companies to include sustainability factors as part of their annual financial report.

In a 599-55 vote, the European Parliament passed the law, which applies to publicly traded companies with more than 500 employees. They must address "policies, risks and results" in relation to "social, environmental and human rights impact, diversity and anti-corruption policies" in their annual reports.

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Global Reporting Initiative - About Sustainability Reporting

ALSO SEE - The EU law on non-financial reporting - how we got there

sigma - No 01/2014 Natural Catastrophes and Man-Made Disasters in 2013

submitted by Tim Siftar

swissre.com

According to the latest sigma study, global insured losses from natural catastrophes and man-made disasters were USD 45 billion in 2013, down from USD 81 billion in 2012. Of the 2013 insured losses, USD 37 billion were generated by natural catastrophes, with hail in Europe and floods in many regions being the main drivers.

(CLICK HERE FOR ADDITIONAL INFORMATION AND LINKS TO THE STUDY)

What does the biggest free trade deal in history mean for the environment?

“No standard in Europe will be lowered because of this trade deal; not on food, not on the environment, not on social protection, not on data protection,” EU trade commissioner Karel De Gucht said in February, before meetings this week in Brussels to negotiate the details of the Transatlantic Trade and Investment Partnership (TTIP). Photograph: Georges Gobet/AFP

Image: “No standard in Europe will be lowered because of this trade deal; not on food, not on the environment, not on social protection, not on data protection,” EU trade commissioner Karel De Gucht said in February, before meetings this week in Brussels to negotiate the details of the Transatlantic Trade and Investment Partnership (TTIP). Photograph: Georges Gobet/AFP

theguardian.com - March 14th, 2014 - Karl Mathiesen

Both the EU and US are adamant TTIP will not affect both regions’ environmental protection standards. But green groups, forewarned by past experiences of free trade agreements, are incredulous.

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