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“This will kill the Great Barrier Reef as we know it”

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UNESCO’s recent ruling to not list the Great Barrier Reef has been met with critisim

After much anticipation, the World Heritage Committee has decided to not list the Great Barrier Reef as “in danger”.

The Australian Government reacted angrily when the United Nations Educational, Scientific and Cultural Organisation (UNESCO) released a draft decision in late June to place the reef on the “in danger” list.

Greens Senator Lidia Thorpe says the Australian Government must take action urgently, to protect the reef.

“it’s clearly a political decision, and not one that benefits the environment at all. It just goes to show that the government with the international fossil fuel industry might have made a deal to ensure that this didn’t go ahead.”

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“The Great Barrier Reef has been in trouble for decades. And the UN so alerted us to the fact you know, a decade ago saying that it was on the extreme concern listing. And since then, we’ve had three bleaching. So it’s got worse.”

Senator Thorpe Says.

Environmental activists slam UNESCO decision

The ruling to not classify the Barrier Reef as an endangered World Heritage Site has been heavily critisised.

Senator Thorpe says despite extensive climate change-spurred damage to the ecosystem’s corals – nothing seems to be getting actioned by leaders.

Thorpe and the Greens have been lobbying the Federal Government to take action and save the reef, which has expereicned three bleeching incidents since 2016.

The bleeching to the 2,300-km-long ecosystem was caused by rising ocean temperatures due to global warming.

Areas once teeming with vibrant corals have become lifeless washed-out wastelands, and two-thirds of the reef is believed to have been damaged in some way.

“They’re not basing it on science. They’re basing it on a political decision”

Despite the damage, the reef remains a vital tourist draw for Australia, which had feared an “in danger” label could deter post-pandemic visitors.

Australia’s Environment Minister Sussan Ley had flown to Paris earlier this month to personally lobby member states on the committee, while key ambassadors were invited on a reef snorkelling trip.

Last week Sussan Ley welcomed the decision and thanked the “esteemed delegates for recognising Australia’s commitment to protecting the Great Barrier Reef”.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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