AMF loan
The Arab Monetary Fund said on Thursday it has handed a loan worth USD 41 million to Jordan aimed at supporting the kingdom’s financial situation and meeting its emergency needs.
In a press release, the AMF said it is keen to support its member countries’ efforts to implement economic, financial and structural reforms and to face various challenges, particularly the impacts of the coronavirus pandemic.
The Abu Dhabi-based lender added that it is currently studying financing requests from other member countries. (KUNA)
spread,” said Mtisi of the environmental lawyers association. (AP)
Charleston sues Big Oil:
Charleston is now the first city in the American South to sue major oil companies in an attempt to hold them accountable for the “daunting” costs of climate change, city officials announced Wednesday.
The 24 defendants in the city’s lawsuit in state court include multinational corporations BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell, as well as regional companies. The suit alleges these companies lied to the public by concealing the threats fossil fuels pose to the planet.
Charleston joins several other US municipalities in efforts to extract money from the fossil fuel companies to pay for adaptation measures, though some have faced an uphill battle from skeptical judges in recent years.
“As this lawsuit shows, these companies have known for more than 50 years that their products were going to cause the worst flooding the world has seen since Noah built the Ark,” Mayor John Tecklenburg said in a statement Wednesday.
“And instead of warning us, they covered up the truth and turned our flooding problems into their profits,” Tecklenburg said. “That was wrong, and this lawsuit is all about holding them accountable for that multi-decade campaign of deception.” (AP)