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Category: Economy

Glencore Corporate social responsibility Economy International 

World’s largest wealth fund blacklists Glencore, Sasol and other giants over coal use

arnbethnic
OSLO – Norway’s $1-trillion wealth fund is excluding some of the world’s biggest commodities firms from its portfolio, including Glencore and Anglo American, because of their use and production of coal. Underlining the growing role of climate considerations for long-term investors, the fund is also excluding German utility RWE, South African petrochemicals firm Sasol and Dutch company AGL Energy over their use of coal.  Norway’s parliament agreed in June 2019 that the world’s largest fund would no longer invest in companies that mined more than 20 million tonnes of coal… Read More Here
Dredging the congo river 5 Economy Covid-19 Mining in DRC 

Dredging the Congo River, a remedy to “fine-tuning” DRC’s economy | COVID-19 Response

arnbethnic
Dredging the Congo River could be a remedy to “fine-tuning” DRC’s economy in the face of the current effects of Covid-19. Great evils require great remedies. The Coronavirus pandemic has hit the global economy hard, with world commodity prices (minerals, wood, and oil) from which the DRC derives most of its revenues have, in turn, taken the path of a tumble since mid-March 2020. However, experts say the DRC has a local solution to “fine-tuning” its economy. Failing to mobilize tens of billions of dollars to support the economy, as… Read More Here
Covid-19 response Felix Covid-19 Economy Mining in DRC 

DRC Covid-19 Response, Government to cover the cost of free electricity and water

arnbethnic
The advisers of the Head of State at the College of Mines and Energy and the College of Infrastructure, respectively Eboma Ablavy and David Mukeba met on Wednesday 6 May with the top management of the National Electricity Company (SNEL) as well as top management of the Water Distribution Authority (REGIDESO) on the application of the Covid-19 response measures of free electricity and free water supply throughout the country. The evaluation meeting held at the Palace of the Nation informed the presidential press, that in order to allow these two… Read More Here

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