First UN talks to save oceans kick off Monday

June 4, 2017

Miami, Jun 4: World leaders convene at UN headquarters next week for the first major bid to solve the toughest problems facing our oceans, from coral bleaching to plastic pollution, overfishing and rising seas due to climate change.

oceans

The Ocean Conference in New York June 5-9 attempts to rally nations big and small to make meaningful changes to preserve what is arguably the Earth's most important resource, experts say.

US President Donald Trump's recent decision to withdraw from the Paris climate accord is expected to be a hot topic at the talks, which no high-ranking US officials are expected to attend.

But despite Trump's decision Thursday to end US participation in the Paris deal, which drew worldwide condemnation, experts at the Pew Charitable Trust said the United States has been a part of crafting a broad “call to action,” and is expected to sign it.

“We are committed to halting and reversing the decline in the health and productivity of our ocean,” says the three-page document, which also expresses alarm at the impact of climate change on the ocean.

The call to action is expected to be signed and released some point during the week-long conference, which will bring government officials, ocean advocates and some heads of state to New York.

The US pullout from Paris means other nations will lead the way at the UN talks, particularly small island nations that have the most to lose.

“How can you worry about someone who is not in the room?” said Ambassador Ronny Jumeau, permanent representative to the United Nations for Seychelles.

“Look at who is here, who is sitting in the front row, and say, 'Now what are we going to do about this?'“

The world just marked its three hottest years in modern times. And the oceans have absorbed about one third of the carbon dioxide released by human activities, protecting the planet from the full brunt of climate change.

Melting glaciers and sea ice at the poles threatens swell sea level to the point of washing away entire islands and populated coastlines — home to 37 percent of the planet's population — in the coming decades.

Just 20 inches (half meter) of sea level rise could displace 1.2 million people from islands in the Caribbean Sea, Indian and Pacific Oceans.

Recent studies have shown the troubling extent of plastic pollution, even in the most remote parts of the world.

An uninhabited island in the south Pacific, Henderson Island, thousands of miles from civilization was recently shown to be piling up more than 3,500 pieces of plastic per day.

Even year, more than eight million ton of plastic washes into the oceans, costing at least $8 billion in damage to marine ecosystems and killing an estimated one million sea birds, 100,000 sea mammals and untold numbers of fish.

And famous coral reefs, such as Australia's Great Barrier Reef, are suffering from hot temperatures like never before in modern times, with mass bleaching and die-offs continuing unabated for the past two years.

“Small island states cannot afford to be dismayed or feel down or depressed about any of this,” said Jumeau during a UN press conference.

“We are reaching out to all the friends of the oceans that you can think of to meet the challenges that we face.”

Previous global meetings on problems facing the oceans have taken place, but the World Wildlife Fund's John Tanzer described this one as “historic” because the talks are under the auspices of the United Nations for the first time.

“The reality is that oceans have been in steep decline for at least the last 50 or 60 years,” Tanzer, global oceans lead at WWF, told AFP.

“Here we are in 2017, and it is impossible to talk of anywhere in the world's oceans as being pristine,” he said.

Specifically, nations will talk about how to meet the 2015 UN-adopted Sustainable Development Goal 14, to “conserve and sustainably use the oceans, seas, and marine resources.”

Targets include protecting at least 10 percent of coastal and marine environments by 2020, reducing ocean pollution and strengthening ways to fight illegal, unreported, and unregulated fishing.

A recent report found that illegal fishing in the Pacific has reached a “staggering” value of up to $740 million a year, with much of the problem blamed on fleets from the US, Asia and Europe which under-report their catches.

Individual nations and advocacy groups are already announcing voluntary steps they will take to conserve oceans and protect marine life.

Those pledges will be updated throughout the conference, and can be seen online at https://oceanconference.un.org/commitments.

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Agencies
April 20,2020

Hong Kong, Apr 20: Oil prices collapsed to more than two-decade lows Monday as traders grow concerned that storage facilities are reaching their limits, while equities were mixed, with some support coming from signs that the coronavirus may have peaked in Europe and the United States.

US crude benchmark West Texas Intermediate briefly plunged almost 20 percent to below 15 -- its lowest since 1999 -- as stockpiles continue to build owing to a crash in demand caused by the COVID-19 pandemic.

Analysts said this month's agreement between top producers to slash output by 10 million barrels a day was having little impact on the oil crisis because of lockdowns and travel restrictions that are keeping billions of people at home.

WTI was hit particularly hard as its main US storage facilities in Cushing, Oklahoma, were filling up.

ANZ said "crude oil prices remained under pressure, as projections of weaker demand weigh on sentiment".

"Despite the OPEC+ alliance agreeing to an unprecedented cut in output, the physical market is awash with oil," it said, referring to the Organization of the Petroleum Exporting Countries and non-OPEC partners.

And AxiCorp's Stephen Innes added: "It's a dump at all cost as no one... wants delivery of oil, with Cushing storage facilities filling by the minute.

"It hasn't taken long for the market to recognise that the OPEC+ deal will not, in its present form, be enough to balance oil markets." Stock traders were in slightly more buoyant mood as governments start to consider how and when to ease lockdowns that have crippled the global economy.

Italy, Spain, France and Britain reported drops in daily death tolls and slowing infection rates.

"We are scoring points against the epidemic," said Prime Minister Edouard Philippe, while insisting "we are not out of the health crisis yet".

Meanwhile, in the US, Andrew Cuomo, governor of badly hit New York state, said the disease was "on the descent", though he cautioned it was "no time to get cocky".

Mounting evidence suggests that the lockdowns and social distancing are slowing the spread of the virus.

That has intensified planning in many countries to begin loosening curbs on movement and easing the crushing pressure on national economies.

Adding to the sense of hope was a report indicating promising research on a drug to treat coronavirus.

Hong Kong, Shanghai and Seoul were each up 0.1 percent, while Wellington added 0.4 percent.

However, Tokyo went into the break 0.9 percent lower, while Sydney and Manila dropped one percent apiece. There were also losses in Taipei, Singapore and Jakarta.

"The longer investors have to contemplate future economic issues while they wait for more countries to be on the downward slope of the pandemic curve, the more scope there is of risk assets pricing in a difficult future," Chris Iggo, of AXA Investment Managers UK, said.

Investors are keeping an eye on Washington, where Congress and the White House are working towards a 450 billion economic relief plan for small business to add to the trillions already pledged to support the economy.

Big-name companies including IBM, Netflix and Coca-Cola are due to deliver their earnings reports.

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News Network
May 18,2020

Washington, May 18: US President Donald Trump on Sunday called his predecessor Barak Obama a ‘grossly incompetent president’.

The Trump’s reaction came after Obama on Saturday criticised the US authorities' response to the coronavirus outbreak.

“He (Obama) was an incompetent president. That’s all I can say. Grossly incompetent,” Trump told reporters at the White House on his arrival from Camp David.

Trump was responding to a question on the virtual commencement address by Obama a day earlier.

In his address to college graduates, Obama had said that the COVID-19 pandemic has exposed the American leadership.

“More than anything, this pandemic has fully, finally torn back the curtain on the idea that so many of the folks in charge know what they’re doing,” Obama said without naming officials.

“A lot of them aren’t even pretending to be in charge,” he added.

There was no immediate response from the office of the former president on the remarks made by Trump.

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News Network
June 30,2020

Washington, Jun 30: Indian-American Medha Raj has been named by Democratic presidential candidate Joe Biden as his digital chief of staff, a key role in his election campaigns which are entirely going virtual due to the Covid-19 pandemic in the US.

In this capacity, Raj will work across all facets of the digital department to streamline and coordinate how to maximise the impact of its digital outputs, the Biden campaign said.

“Excited to share that I've joined Joe Biden's campaign as the Digital Chief of Staff. 130 days to the election and we're not going to waste a minute!” she said on LinkedIn.

Raj comes from Pete Buttigieg's campaign, who has now endorsed Biden.

The news was first reported by CNN, which the news channel said is part of the efforts of the Biden campaign to adapt to an almost entirely virtual campaign trail brought on by the coronavirus pandemic.

The US is the hardest-hit country by the coronavirus pandemic, with more than 2.64 million official cases and over 128,000 deaths.

According to CNN, Clarke Humphrey, who previously worked on Hillary Clinton's 2016 campaign, will act as the Biden campaign's new deputy digital director for the grassroots fundraising.

Jose Nunez is the campaign's new digital organising director.

He is from the Kamala Harris' campaign. Christian Tom is the new director of digital partnerships. Over the past few months, Biden has been relying more and more on digital campaigning and raising funds virtually.

A graduate in international politics from Georgetown University, Raj has earned her MBA from Stanford University.

Biden, 77, is challenging the 74-year-old Republican incumbent President Donald Trump in the November 3 presidential elections.

Former US vice president Biden would formally accept his Democratic presidential nomination at the party’s scaled back convention in Wisconsin’s Milwaukee city on August 20.

In view of the coronavirus pandemic, the Democratic National Convention Committee (DNCC) on Wednesday announced its convention plan to broadcast from Milwaukee and across the nation to reach out to all Americans.

According to some of the latest opinion polls, Biden is leading by more than eight percentage points over Trump.

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