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On May 23, local time, the Iranian military issued a statement emphasizing its readiness to launch a resolute and comprehensive counterattack against any invasion by the enemy.On May 23, Ukrainian President Volodymyr Zelensky signed a presidential decree imposing sanctions on the Russian "shadow fleet" and Russian personnel involved in the missile attacks on Ukrainian territory. The package of sanctions was adopted by the Ukrainian National Security and Defense Council. One resolution targets the Russian "shadow fleet," involving 29 civilian merchant ships that provide supplies and troop deployments to the Russian military. Most of these ships are already under sanctions by the US, EU, and UK, and are considered by many international parties to be part of Russias military logistical support capacity. Western countries accuse Russia of using commercial vessels such as oil tankers to evade Western sanctions, referring to these vessels as the "shadow fleet." Another sanctions resolution involves 127 Russian personnel who were directly involved in the missile attacks against Ukraine, targeting key infrastructure and civilian facilities within Ukraine, causing serious damage to local livelihoods, social order, and the safety of peoples lives and property.On May 23, the joint China-Nepalese scientific expedition team successfully summited Mount Everest from the Nepalese side and conducted scientific sampling work, including ice core drilling, completing the first-ever drilling of a complete ice core sample from the summit of Mount Everest. Currently, all expedition members have safely descended to the Everest South Base Camp, having collected ice and snow core samples at multiple altitudes during the descent. The samples will be transported to the laboratory according to cryogenic preservation requirements for research on climate and environmental changes, cryosphere changes, and high-altitude atmospheric environmental records in the worlds highest region.On May 23, Changqiao Securities issued further clarification regarding recent regulatory matters concerning cross-border securities business in China. Changqiao Securities stated that the Hong Kong Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC), among other mainland regulatory authorities, have recently issued new regulatory requirements for cross-border securities business, establishing unified industry-wide standards for related services to mainland investors. These regulatory rules apply to all overseas financial institutions. Changqiao is actively responding to the regulatory guidelines from both regions and will strictly adhere to the relevant requirements to steadily advance its compliance work. Changqiao Securities stated that the scope of accounts targeted for this regulatory cleanup is limited and clearly defined, primarily targeting two types of accounts: investment accounts opened using suspicious or forged documents, and investment accounts with zero balances and no activity. Normal, compliant client accounts with genuine assets and holdings are not within the scope of this cleanup. Changqiao firmly supports the regulators zero-tolerance attitude towards fraudulent account openings and will strictly handle such cases in accordance with regulatory requirements.The General Staff of Ukraine stated that Ukraine attacked Russias Seshkalis Black Sea oil terminal and the nearby Grushnova oil depot.

Al Gore asserts that climate change action has reached a "tipping point"

Haiden Holmes

Sep 21, 2022 10:35

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Al Gore, a former vice president of the United States and co-founder of Generation Investment Management, stated in an interview with Reuters that the world has reached a "positive tipping point" in the fight against climate change as rising oil and gas prices prompt governments to decarbonize more rapidly.


His examples included the $430 billion Inflation Reduction Act, which is widely regarded as the largest climate package in U.S. history, and Australia's promise earlier this month to decrease carbon emissions by 43 percent by 2030 and to net zero by 2050.


Gore anticipated policy shifts on climate change from Brazil following an impending election and from China following the resumption of talks between President Joe Biden and Chinese Vice Premier Liu He at the November G20 summit in Indonesia.


The war in Ukraine, which Russia refers to as a "special military operation," has caused oil and gas prices to spike, he said, adding that he was concerned about the efforts of some nations to increase fossil fuel production in response.


Gore stated that there is no such thing as a clean fossil fuel, just as there is no such thing as a healthy cigarette. According to the authors, "we do not want to see investments in fossil fuel infrastructure that A will not alleviate the short-term crisis and B would guarantee decades of increasing emission levels."


He stated, "There is evidence nearly everywhere in the world" of the accelerating rate of change, and added that worsening weather events were also pushing the imperative to act.


Al Gore stated that heatwaves in China, floods in Pakistan, and drought in Europe are examples of how "Mother Nature has joined the climate discussion."


In both "An Inconvenient Truth" (2006) and "An Inconvenient Sequel" (2017), Al Gore, the former vice president of the United States, argues that the struggle against climate change is a moral one.


In 2007, he shared the Nobel Peace Prize for his efforts to address climate change while serving as the chairman of Generation Investment Management, a London-based firm that invests in sustainable public and private markets and conducts research.


He said that some governments are removing fossil fuel facilities with decades of remaining life due to the declining cost of renewable electricity, while others are considering banning the sale of fossil fuel-powered automobiles.


"When the technology provides three times as many jobs per invested dollar as investments in fossil fuels, a very good tipping point will be reached," he stated.


In its most recent annual sustainability trends report, published on Wednesday, Generation anticipated that annual investments in the clean economy would surpass $1 trillion over the next few years.


According to the research, while this is less than what is required to keep global warming at 1.5 degrees Celsius over the pre-industrial average, it is increasing "at a rapid rate."

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