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Greta Thunberg Declines $51K Environmental Prize, Says ‘Climate Movement Does Not Need any More Awards’
Norway has urged its companies that actively do business in Brazil to make sure that they are not contributing to destruction of the Amazon rainforest, as Reuters reported.
EcoWatch Daily Newsletter
By Sue Branford and Thais Borges
Ola Elvestrun, Norway's environment minister, announced Thursday that it is freezing its contributions to the Amazon Fund, and will no longer be transferring €300 million ($33.2 million) to Brazil. In a press release, the Norwegian embassy in Brazil stated:
By Eoin Higgins
Just over a decade after it first opened, the world's "doomsday vault" of seeds is imperiled by climate change as the polar region where it's located warms faster than any other area on the planet.
Environmentalists celebrated the move as a victory for rainforests, the climate and endangered species such as orangutans that have lost their habitats due to palm oil production in Indonesia and Malaysia. It also sets a major precedent for other nations.
Japan is proposing a slew of rule changes at the International Whaling Commission (IWC) meeting in Florianópolis, Brazil this week that conservationists worry would ultimately lift a 1986 moratorium on commercial whaling.
Japan, which launched a "scientific whaling" program in 1987 as a loophole to the moratorium, has killed more than 15,600 whales in the Antarctic since the ban (including juvenile and pregnant minke whales), according to a report released last month by the Environmental Investigation Agency (EIA) and the Animal Welfare Institute (AWI).
Norway's $1 trillion sovereign wealth fund, the largest in the world, released two documents Wednesday stating it wants the companies it invests in to follow more rigorous rules on ocean plastic pollution and overall sustainability, Reuters reported.
Norges Bank Investment Management (NBIM), which manages the fund that invests in more than 9,000 companies in 72 countries, said it expected companies to consider ocean sustainability when creating strategy, take ocean-related risks into account and be transparent and responsible in managing the oceans, CNBC reported.