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NOAA-led study shows Alaska fisheries and communities at risk from ocean acidification

Petersburg Harbor.Image: Petersburg Harbor. - July 29th, 2014

Ocean acidification is driving changes in waters vital to Alaska’s valuable commercial fisheries and subsistence way of life, according to new NOAA-led research that will be published online in Progress in Oceanography.

Many of Alaska’s nutritionally and economically valuable marine fisheries are located in waters that are already experiencing ocean acidification, and will see more in the near future, the study shows. Communities in southeast and southwest Alaska face the highest risk from ocean acidification because they rely heavily on fisheries that are expected to be most affected by ocean acidification, and have underlying factors that make those communities more vulnerable, such as lower incomes and fewer employment opportunities.

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 - 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.


Aruba's Leader, Legislators Launch Hunger Strike


In this Sept. 25, 2009 photo, opposition candidate from the Aruban People's Party, Mike Eman, center left, and his wife Doina ride atop a jeep upon their arrival to a polling station in Oranjestad, Aruba. Prime Minister Eman and several legislators launched a hunger strike Friday, July 11, 2014, to protest what they say is meddling by the Dutch government in local financial affairs.(Photo: Pedro Famous Diaz AP) - AP - July 12, 2014

ORANJESTAD, Aruba (AP) — Aruba's prime minister and several legislators have launched a hunger strike to protest what they say is meddling by the Dutch government in local financial affairs. . .

. . . The hunger strike comes after the Dutch government asked Aruba's governor to hold off on signing the 2014 budget into law pending an evaluation of it. The Dutch Caribbean island, which approved the budget two weeks ago, is facing a major deficit and its national debt represents 75 percent of its GDP.


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 - 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.


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

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.


University of Oxford - Recession 'link' with over 10,000 suicides in the 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) - 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.


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 - 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.


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 - 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.


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


Global Reporting Initiative - About Sustainability Reporting

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


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