Japan To Pour 1 Million Tons Of Contaminated Fukushima Water Into Ocean

Japan will release some 1 million tons of contaminated water from the Fukushima nuclear power plant into the ocean, the country’s government said amid strong opposition from Japan’s neighbors. The move, according to them, was “extremely irresponsible”, Reuters reports, adding that Japan’s Prime Minister responded with “Releasing the … treated water is an unavoidable task to decommission the Fukushima Daiichi Nuclear Power Plant and reconstruct the Fukushima area.”  Media reported last October about the plans for the radioactive water from the destroyed power plant, noting that it would be diluted before being released…

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Pro-Business Conservative Wins Presidential Election In Oil Producer Ecuador

Conservative candidate Guillermo Lasso, 65, won the presidential election in South American oil producer Ecuador, and said he would propose new oil deals to private oil companies. Lasso won the run-off against Andres Arauz, 36, who was running on a socialist platform for more social spending. Arauz, a socialist economist and protégé of former left-wing president Rafael Correa, conceded defeat on Monday with more than 95 percent of the votes counted. Pro-business and free-market proponent Lasso won the presidency in his third time running for president, promising to bring more…

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How The Clean Energy Megatrend Impacts The World Order

Glance up and around and you’ll know the horizon is changing. From Canada to South Africa, Brazil to China, windmills and solar panels are telling a story of change. In the United States, the landscape is collecting a kind of 21st-century raiment. Wind farms, solar farms, and just stray windmills and solar panels on roofs are signaling something big and different. When they were making “Tom Jones” in 1963, the very funny film based on the Henry Fielding classic, the big problem was finding English villages which dated from the…

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Venture Capital Bets Big On Texas As World Capital Of Clean Energy Tech

Venture capital fund manager Energy Transition Ventures said on Tuesday it had launched the first venture fund in Texas that will exclusively invest in energy transition technologies. The fund is founded in the world’s energy capital Houston by cleantech start-up executives and venture capitalists Craig Lawrence and Neal Dikeman, with anchor investment from two operating companies from the GS Group of South Korea. Energy Transition Ventures will be investing in early-stage start-ups in North America. “Texas is the energy capital of the world, and outside of corporate venture capital, there…

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Saudi solar plant locks in new record low price for power: 1.04c/kWh

Saudi Arabia looks to have notched up a new record-low price for large-scale solar power, with one of seven projects recently signed up to power purchase agreements contracted to sell electricity for just over $US10 per megawatt-hour ($A13/MWh). According to local press, Saudi Arabia’s energy minister Prince Abdulaziz Bin Salman announced the new record on Thursday last week at the inauguration of the 300MW Sakaka solar power plant in Al-Jouf, the kingdom’s first renewables project. At the plant’s launch, Prince Abdulaziz announced that PPAs for seven other renewable projects across…

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PPL receives Rs903m from Byco via NAB

KARACHI: The Paki­stan Petroleum Limited has received Rs903.218 million from the National Accountability Bureau (NAB) against outstanding receivables from Byco Petroleum Pakistan Lim­ited, the company ann­ounced on Monday. The PPL informed the Pakistan Stock Exchange (PSX) about it in a regulatory filing and said that the company would pursue for remaining over Rs253m. “In pursuance of Rule 5.6.1 of your Rules, we hereby inform you that the company has received a pay order for Rs903.218 million from the National Accountability Bureau (NAB) against long outstanding receivables of the Company from…

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UAE records world’s second-highest hotel occupancy rate in 2020

Hotels in the UAE were the world’s second busiest after China in 2020 due to government efforts to contain the spread of the Covid-19 virus, encourage domestic tourism and take measures to accelerate the sector’s recovery, the Ministry of Economy said. The country hosted 14.8 million guests who spent an average of 3.7 nights at 1,089 establishments last year for a hotel occupancy rate of 54.7 per cent, according to the World Tourism Organisation and the Emirates Tourism Council. “The UAE was able to quickly contain the outbreak’s impact on…

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Pak-Italy Friendship bridge’ inaugurated in Khairabad, Chitral

A suspension bridge was inaugurated in Khairabad District, Chitral to solve the problem of rural isolation that has been affecting the community especially during the time of heavy rainfall. Due to adverse conditions and limited mobility, residents were deprived of crucial socio-economic opportunities. The bridge has been constructed in partnership with Pakistan Poverty Alleviation Fund (PPAF) and Sarhad Rural Support Programme (SRSP) under the Programme for Poverty Reduction (PPR) by Italian Agency for Development Corporation ((AICS) Pakistan. Khairabad is comprised of 5 sub-villages (Khaiabad Khas, Thok Jal, Dhap, Junali, Camp)…

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PM Imran invites Bill Gates to work together in combating climate change

Prime Minister Imran Khan has written a letter to Microsoft co-founder Bill Gates and invited him to work together to save the world from the dangers of climate change. PM Imran, in his letter has said that Pakistan is on the front lines of climate challenge and is amongst the top countries “continuously impacted” by climate change over the past two decades but at the same time it is a very low contributor to the issue, adding less than one percent of the global greenhouse gas emissions. The prime minister…

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2021-22 budget proposals: Incentives for exports on the cards, says Razak

ISLAMABAD: The government is working on budgetary incentives for 2021-22 to maintain its gains what it has so far achieved to put the country on way to industrialization, making solid ground for import substitution and emphasizing more focus on diversification in exports of the country, an adviser to the prime minister said Sunday. In an exclusive chat with The News, Prime Minister’s Adviser on Commerce, Textile and Investment Abdul Razak Dawood said that the commerce ministry has shifted its paradigm with the PM’s nod. Now the ministry working on budgetary…

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