Search Results for: Climate change

SINCE the 2015 nuclear agreement between Iran and the USA, the UK, Russia, France, China, Germany and the European Union (EU), foreign financial institutions have – in theory – been allowed to do business with Iran.  But the reality – as ever with relations with Iran – is proving to be a good deal more complex.…

A new set of privacy-focused cryptocurrencies could offer criminals an opportunity to conduct illicit financial activities and evade anti-money laundering (AML) protocols, aided by an undeveloped patchwork of fragmented systems of regulation.

AML industry analysts have warned that urgent international action is required to curb cryptocurrency ML, with criminals increasingly switching funds between cryptocurrencies offering anonymity features, hindering the detection and identification of users.…

AUSTRALIA may have been strengthening its anti-money laundering (AML) systems, but an admission last year (2017) by the country’s biggest bank, the Commonwealth Bank of Australia (CBA), about AML failures was a clear reminder that reforms are still needed. The Commonwealth Bank admitted that it had breached Australian AML laws 53,700 times.…

THE EUROPEAN Union’s (EU) current Bulgarian presidency (January-July 2018) will probably face a tough challenge, when tripartite talks between the European Parliament, member states and the European Commission on electricity market reform begin this spring.

“Since early March, we have been preparing for the ‘trilogues’ [EU jargon for talks between its three main bodies], comparing the [EU] member states’ general approach reached in December with Parliament’s position, so we have documents to work on when trilogues start,” a Council spokesperson told Modern Power Systems, adding “no dates have yet been fixed” for the negotiations.…

THE GROWTH in global renewable energy and electric car markets is already changing the face of the industrial minerals sector and it will continue to shape demand for years to come, a senior Toronto-based industry conference has been told.

Vancouver-based Gianni Kovacevic, CEO of CopperBank Resources, told this year’s Prospectors & Developers Association of Canada (PDAC) convention that mineral resource companies needed to analyse the likely impact of climate change, and how it feeds into energy and transport infrastructure spending and related environmental regulation.…

WHILE global politics, whether through the protectionism of Donald Trump, or the uncertainty of Brexit, have the potential to chill the global minerals industry, a recent major conference in Canada showed that market demand can often outweigh concerns about regulation.

A noticeably more positive outlook was evident this year, as the global mining community gathered in Toronto for the 2018 Prospectors & Developers Association of Canada (PDAC) convention, trade show and investors exchange.…

NORWAY’s key transport hub, Oslo Airport, has almost doubled in size between 2012 and the completion of an expansion project last April (2017), delivering an impressive 43% fewer CO2 emissions despite the growth in facilities.

Taking a holistic approach and reviewing every stage of the now Norwegian Krone NOK14 billion (USD1.4 billion) project for eco-wins, Oslo was the first airport to be awarded an ‘excellent’ rating under the BREEAM (Building Research Establishment Environmental Assessment Method) sustainability assessment in 2017, under a scheme administered by the UK-based Building Research Establishment.   …

PROPOSED regulations to introduce traffic light health labelling for food products in Indian schools have infuriated the leader of the country’s processed food industry association. He has warned that the law could force manufacturers to use the system for entire ranges of their products, regardless of where they are sold, including jams, juices, butter, pickles and Indian condiments, as well as basic recipe ingredients such as meat and vegetables.…

REPRESENTATIVES of the USA fashion and apparel industries, along with most of the country’s business community and Congressional leadership, are voicing concern about President Donald Trump’s March 1 announcement that he intends to impose additional tariffs on all imports of steel and aluminium.…

Brussels South Charleroi Airport has has to rethink its development plans after a January 25 ruling in the European Union’s (EU) General Court forced a 500% hike in its concession fee.  The court (part of the European Court of Justice) threw out Charleroi’s challenge to the European’s Commission 2004 decision that the EUR3 million annual concession fee that Belgium’s Wallonia Region was charging the airport was an illegal subsidy under the bloc’s state aid rules.…