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Paris climate deal passes milestone as 20 more nations sign on
2016-09-22 15:05:59| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: More than 20 world leaders tendered legal documents on Wednesday, formally binding their governments to the Paris climate accord at a General Assembly ceremony here and all but ensuring that the agreement will go into force by the end of the year. The specifics of each countrys plans, though, are voluntary. There are no sanctions for failing to control pollution or to put economic polices into practice, or for submitting unambitious pledges. The legally binding portion of the Paris accord...
Climate deal comes one step closer to effect at United Nations
2016-09-22 12:33:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: An agreement to fight global warming came one step closer to taking effect on Wednesday when dozens of countries deposited their ratification of the deal at the United Nations, taking the total to 60, U.N. Secretary-General Ban Ki-moon said. The deal, agreed by nearly 200 countries in Paris last December, needs ratification by at least 55 countries representing 55 percent of global carbon dioxide emissions to take effect. Ban said the 60 countries represented more than 47.5 percent. The United...
EU wants to speed up approval of Paris climate deal
2016-09-22 01:51:00| Climate Ark Climate Change & Global Warming Newsfeed
La Rampa di Napoli: Only countries which have ratified the deal have a seat at the table in drafting the rules of how it will work in practice. He said European Union environment ministers will meet Friday to discuss a plan to ratify the agreement as a bloc, even though only a handful of the 28 member states have approved it domestically. Most worldwide treaties take years, sometimes decades or more, to formally take effect as each nation goes through its own domestic process of ratifying or otherwise formally joining...
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Blackstone Said in $1.5 Billion Deal to Buy U.S. Warehouses
2016-09-21 17:09:00| National Real Estate Investor
Hui-yong Yu Blackstone Group LP agreed to buy 46 industrial properties in the U.S. from LBA Realty LLC for $1.5 billion as it steps up investments in stable, income-producing real estate with low risk, said a person with knowledge of the transaction. read more
Akastor and Mitsui sign deal to form subsea JV
2016-09-21 01:00:00| Offshore Technology
Norway-based oil service investment company Akastor and subsidiary Akofs Offshore have signed an agreement with Japanese trading and investment company Mitsui to create a joint venture (JV) to pursue subsea opportunities worldwide.
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