Archive for 28. November 2009

Commonwealth leaders launch push for climate deal

PORT OF SPAIN (Reuters) – Commonwealth countries representing more than a quarter of the world’s population launched a diplomatic push yesterday to drum up momentum for a comprehensive UN climate deal in 10 days’ time.

Seeking to dispel divisions before UN climate talks in Copenhagen on December 7-18, leaders of the 53-nation Commonwealth headed by Britain’s Queen Elizabeth began a three-day summit in Trinidad and Tobago which sought wide consensus on ways to cut greenhouse gas emissions and limit global warming.

UN Secretary-General Ban Ki-moon, French President Nicolas Sarkozy and Danish President Lars Lokke Rasmussen were joining the Commonwealth leaders in Port of Spain to give added weight to the drive for a broad political deal in Copenhagen.

“In this way, the Commonwealth in Port of Spain in November could ensure success for the UN in Copenhagen in December,” the summit host, Trinidadian Prime Minister Patrick Manning, said in his speech opening the meeting.

Britain’s Queen Elizabeth said: “On this, the eve of the UN Copenhagen summit on climate change, the Commonwealth has an opportunity to lead once more.” She added that the climate change threat affected the security and stability of millions of people.

As the meeting got under way, British Prime Minister Gordon Brown called for the creation of a $10 billion-a-year fund to help developing countries battle climate change.

Nearly half of the Commonwealth’s 53 members are small island states which are directly threatened by rising sea levels caused by global warming, and developing nations are appealing for financial aid from rich governments to help them counter climate change and reduce carbon pollution.

Under Brown’s proposal, funds could be made available to poor countries as early as next year, well before any new climate deal takes effect.

“What I feel the developing countries need to know is that we are absolutely serious that we would start now” to provide financing, Brown told a news conference.

The United Nations is aiming for a political agreement at the climate talks in the Danish capital that would cover tougher emissions targets, climate financing for poorer nations and the transfer of clean-energy technology.

The troubled talks have run out of time to settle a legally binding treaty after rancorous arguments between rich and poor nations about who should cut emissions, by how much and who should pay.

Although most nations have given up hopes of agreeing to a final treaty text in Copenhagen, prospects for a broad political pact have been brightened this week by public promises of greenhouse gas curbs by China and the United States, the world’s biggest emitters.

“We must not be victims of any pessimism,” Trinidad and Tobago’s Manning told the meeting in Port of Spain.

Commonwealth Secretary-General Kamalesh Sharma said the group, representing more than 1.8 billion people and bringing together wealthy nations like Britain, Canada and Australia with some of the world’s smallest states, had a shared responsibility to confront what he called “the looming existential catastrophe of climate change”.

The Commonwealth is putting at the forefront of the climate debate the cases of tiny island states like the Maldives in the Indian Ocean and Tuvalu and Kiribati in the Pacific, whose existence would be threatened by rises in ocean levels.

Commonwealth leaders were aiming to issue a strong political statement in favour of fighting global warming that could leverage a successful outcome in the Copenhagen talks.

The sought-after climate treaty, now expected to be adopted as a final text only next year, will replace the Kyoto Protocol that expires in 2012.

Commonwealth leaders were also expected to discuss admitting French-speaking Rwanda to their ranks, and eventually readmitting Zimbabwe, which left the group in 2003 after it was censured over a poll that re-elected President Robert Mugabe. Commonwealth observers had condemned his re-election as flawed. (Stabroek News)

SATURDAY’S SPECIAL MOON TOWN BARBADOS

RICE AND PEAS; STEW FOOD

MACARONI PIE; CREAMED POTATOES

PUDDING AND SOUSE; BAKED CHICKEN

BBQ SPARERIBS; BBQ PIG TAIL

FRIED SNAPPER; FRIED STEAK FISH

GRILLED STEAK FISH

TURKEY STEW; FISH GRAVY

STEAMED VEGETABLES; TOSSED SALAD

JetBlue and Barbados partner for exclusive Rihanna concert

 
BRIDGETOWN, Barbados — In celebration of its new nonstop service to Barbados, JetBlue Airways and the Barbados Tourism Authority (BTA) will present a private concert by Rihanna on Dec. 3, 2009 at the Hammerstein Ballroom in New York City, where the island’s very own Mount Gay Rum will be served.

Rihanna

This event will be the only live performance by the pop sensation in celebration of her new album release, “Rated R.” The concert is not available for public purchase, but fans will have the chance to win tickets through radio and online promotions.

Additionally, New York’s hometown airline today launched JetBlue’s “New York to Barbados” creative photo contest (a) through social media outlets including Twitter (@JetBlue) and Facebook, inviting customers to celebrate JetBlue’s new nonstop service to Rihanna’s hometown and the launch of her new CD.

Using creativity and self-expression, customers are required to take a photo in front of a New York landmark that incorporates both Barbados and JetBlue. The top 20 photographs submitted will win a pair of tickets to the private event (a). Customers can find contest rules and instructions for uploading their photo by visiting www.jetblue.com/rihanna

As part of the partnership, in addition to this exclusive concert for fans, a special instalment of MySpace Music’s “The Release” featuring Rihanna at the Hammerstein Ballroom will be streamed live, and footage will be featured on JetBlue Airways’ PlusTV channel in 2010 for customers to enjoy.

Additionally, JetBlue will also provide customers travelling on the airline in December access to 20 minutes of custom Rihanna footage including her new video, Russian Roulette, on PlusTV. JetBlue’s very own in-flight network will feature behind-the-scenes footage from TV shows, programming from the New York Times, theatrical content from The Broadway Channel® and more.

JetBlue began daily nonstop service to Bridgetown, Barbados on October 1, from New York’s John F. Kennedy International Airport (JFK) and since then the island has registered double-digit growth in its US arrivals.

Fitch downgrades CAP - Says investors losing confidence in Jamaica


File
Jamalco plant in Clarendon.
Fitch Ratings has down-graded state-owned Clarendon Alumina Production Limited (CAP), a day after it cut Jamaica’s sovereign rating.

CAP’s foreign and local currency rating was dropped to ‘CCC’ from ‘B-’, with a negative outlook.

The company’s US$200-million bond due to mature in November 2021, was also downgraded from ‘B/RR4′ to ‘CCC/RR4′.

The bonds are priced at 8.5 per cent.

Working against CAP is its 100 per cent ownership by Government, which three ratings agencies have placed on watch, in anticipation of a debt default.

CAP, a 24-year-old company, is the vehicle used by Jamaica to hold its now reduced 45 per cent holdings in the Jamalco Refinery, a business it owns in partnership with Alcoa, whose stake is now 55 per cent.

Jamaica became a minority partner back in 2007 under a deal in which Alcoa pumped in new cash to upgrade the refinery to 1.4-million tonne capacity, getting in return an additional five per cent equity.

Jamaica on Tuesday hit a triple with Fitch’s downgrade on the long-term foreign and local currency debt from ‘B’ to ‘CCC’, saying any attempt at debt restructuring would be read as a default.

Similar actions have been taken by Standard and Poor’s and Moody’s.

“Limited policy options to meet the fiscal challenges raise the possibility of some form of debt restructuring,” said Fitch analyst Shelly Shetty in a statement from the rating agency.

The rating agency says it expects the fiscal deficit to round out the year at 9.0 per cent.

It compared its new forecast to Jamaica’s original 5.5 per cent estimate, though Finance Minister Audley Shaw already put a new target of 8.7 per cent on the table at the close of September when the revised budget was presented to lawmakers for passage.

The Fitch downgrade comes two days after Prime Minister Bruce Golding, speaking at his party’s annual conference in Kingston, pitched part of his message to overseas creditors, saying Jamaica was not about to default on its debt - suggesting that Jamaica’s word is no longer seen as its ‘bond’.

Golding also said Sunday that when debt servicing charges and wages are paid, central government is left with only $70 billion - around 12 per cent of the total budget - to run the country.

Jamaica, as such, needs to strike a deal with the International Monetary Fund (IMF) that would loosen up lending from multilaterals.

Fitch, in its release Tuesday, suggested the delay in finalising an IMF agreement was causing nervousness in the market.

“Delays in negotiating a critical IMF stand-by continue to weigh on investor confidence,” its statement said.

Jamaica has at least US$2.6 billion of bonds trading internationally, priced within a range of 8.0 per cent to 11.75 per cent, and due to mature between 2011 and 2039.

The national debt is now at J$1.3 trillion and climbing.

Fitch expects the debt to climb to more than 120 per cent of GDP in 2009/10, with expectations that interest charges could exceed 55 per cent of revenues.

The agency was also bearish on prospects for GDP growth, and international trade, saying with Jamaica’s fortunes so closely tied to the still recovering United States, its prospects for growth were “highly uncertain”.

“While the Government’s willingness to service its massive debt burden has traditionally been high, its capacity to do so is being seriously jeopardized by the magnitude of the macroeconomic and fiscal shocks the country faces,” said Shetty.

Negative outlook

Fitch’s outlook on Jamaica remains negative, indicating that further downgrades could occur in the short term.

Standard and Poor’s rating was cut to CCC and Moody’s to Caa1 from B2.

In its outlook on CAP, Fitch said Alcoa ends up with the other 45 per cent of Jamalco that Jamaica has put on the market.

“Fitch notes that Alcoa has a right of first refusal on buying the shares, and could possibly end up with 100 per cent ownership of Jamalco if it chooses to exercise this option,” said its statement on CAP issued Wednesday. (Jamaica Gleaner)

Drought squeezes - Corporate Area begins feeling the effects


Photos by Norman Grindley/Chief Photographer
LEFT AND CENTRE: These photos show the low level of water at the Mona Reservoir in St Andrew, as drought conditions begin affecting the Corporate Area.
RIGHT: Water from the Hope River trickles into the Mona Reservoir.
Mark Beckford, Staff Reporter

The drought, which is parching the Corporate Area, has started to affect several institutions in the Kingston and St Andrew area, The Gleaner has learnt. Information reaching this newspaper is that at least one high school on Hope Road in St Andrew had to shut its doors and send students home early because of the lack of water.

In a report yesterday in The Gleaner, it was revealed that water levels in most National Water Commission (NWC) systems across the island had reached critical stages as the dry spell affecting the island persists.

The drought, which some officials at the NWC have been describing as the worst in a number of years, has seen water levels in the two major units supplying the Corporate Area - the Mona Reservoir and the Hermitage Reservoir - at less than 50 per cent.

When The Gleaner checked several learning institutions in the area, some revealed that they had been experiencing low water pressure.

Anthia Steer, principal at Mona High School, said that while there was low water pressure at the school, there had been no interruptions.

“We have water. What I have learnt is that there is a lock-off at around 3:30 p.m. But we have had no serious problems,” she said

At Campion College, an office worker told The Gleaner that one section of the school’s campus was not receiving water, while another section was.

“We had that problem (no water) in some areas of the school - a part of the school had water, while another didn’t. School went on, however,” she told The Gleaner.

At Jamaica College, also on Hope Road, an administrative worker said there was extremely low water pressure.

“We didn’t send home any students today, but the water was very low. It hasn’t been like this for a long time,” she said.

Teneka Nelson, community relations office for the eastern division at the NWC, said there had been complaints from the Kingston and St Andrew area with regard to low or no water pressure.

“We apologise to our customers and crave their understanding at this time. We are aware that persons are experiencing low water pressure, and some further along the system are not getting any water.”

Nelson said that the water suppliers had been responding to customers who say they had no water by trucking it.

Nelson is encouraging persons to call 1-888-CALLNWC (2255692) to report any problems they might be having, as the agency might not be aware of all those experiencing water woes.

Nelson also reminded persons to conserve water as the island continues to experience drought conditions. (Jamaica Gleaner)

‘Manning deflecting attention with pollution stance’

 

rejected claims: Patrick Manning

Prime Minister Patrick Manning’s rejection of claims that Trinidad and Tobago is one of the world’s largest polluters on a per-capita basis is an attempt to deflect international attention and carry on with his plans to build even more polluting plants.

This is the view of University of the West Indies lecturers physicist Dr Peter Vine and environmental activist Dr Wayne Kublalsingh, who said Manning’s stance on the issue was personal and not shared by citizens.

During a news conference on Thursday, the eve of the Commonwealth Heads of Government (CHOGM) meeting, Manning dismissed claims that this country was among the world’s top ten offenders in carbon emissions on a per-capita basis. He said when the earth responds to concentration of greenhouse gases in the atmosphere, it does not do so on a per-capita basis, but on the basis of absolute emissions.

Dr Vine said Manning was speaking for himself, ’not for his Cabinet and definitely not the country’, when he made those remarks. He said the country would pay heavily for those emissions.

Dr Kublalsingh said the measurements of the emissions were usually done in three ways-per capita, volume and per hectare-but Manning chose to look at it another way so he could escape easily ’and introduce 1.9 million tonnes of carbon emission in Claxton Bay and La Brea’.

There are stalled plans to build an aluminium smelter in La Brea and a proposal to build a steel plant in Claxton Bay.

Dr Vine said Trinidad and Tobago was in the top five for carbon emissions.

Dr Kublalsingh wrote to Manning yesterday, stating, ’It is not cool to embark on high capital and energy intensive work without conducting diligence studies, or do high consumption health and ecological projects without cost benefit analysis.’

He stated that Manning and those at the top floor of the International Financial Centre must tell the nation the costs factored in for the smelter.

Those factors, he said, included the loss of three dams, 1,000 acres of forest, beekeeping industries, farms and orchards, the loss of oil wells and well capping, infrastructural costs, the costs of loans for the smelters, power plant and port; relocation loans for at least three communities; the cost of gas subsidies to the power plant for the supply of electricity to smelter, the costs of salaries to Alutrint for four and a half years, legal costs, the costs of rod mill, cable and wire plants; technical services, engineering, soil testing and consultancies, Environmental Impact Assessments costs and administrative costs.(Trinidad Express)

Queen Elizabeth wears T&T’s national emblems

 

Queen and max: Queen Elizabeth II smiles during a light moment with President George Maxwell Richards, second from left, his wife Dr Jean Ramjohn Richards and Duke of Edinburgh Prince Philip before Thursday’s dinner at President’s House, St Ann’s. -Photo courtesy Government Information Service

Queen Elizabeth II honoured Trinidad and Tobago through fashion during the State banquet on Thursday night.

The monarch’s white-laced hand-beaded gown was adorned with this country’s national flower - the Chaconia - and national birds - the Scarlet Ibis and Cocrico.

Although the themed diplomatic embroidery goes back to the 1953 Coronation when the Queen had emblems of all her realms sewn into her dress, the move was a cost saving measure.

In order for other tributes to be added to the dress - which was made in-house by Her Majesty’s dresser and personal assistant Angela Kelly - during future state visits, the emblems can be unstitched and removed.

The monarch also recycled her 1947 wedding day tiara for the state banquet.

The George III tiara (also known as the Russian Fringe Tiara) was made with diamonds formerly owned by George III.

Complementing her outfit were diamond and ruby earrings, with a matching necklace and bracelet.

Accompanied by Prince Phillip, the Queen arrived at President’s House for the State banquet just before 8 p.m. on Thursday in a black Range Rover.

The Royal couple were taken to a private sitting room where they met President George Maxwell Richards his wife Dr Jean Ramjohn Richards; his son Mark, daughter in law Dr. Maryam Abdool, and daughter Maxine.

They also greeted Prime Minister Patrick Manning and wife Hazel Manning as well as Chief Justice Ivor Archie and his wife, Denise.

The Royal couple were then escorted to the adjacent grounds, where the banquet was being held.

Before dinner the Queen delivered her first official speech during her visit, where she described Tobago as ’an enchanting island’, that holds many memories for both the Duke and her.

And although there has been negative publicity from incidents affecting Brits in Tobago, the Queen said ’in tourism, Tobago continues to be a byword in the United Kingdom for Caribbean hospitality’.

She added: ’Some 50,000 British tourists visit the island each year; and I hope people of all ages will continue to travel between our two countries and learn about each other, whether working, studying or visiting as tourists.’

She offered further assistance to the country in the National Security sector.

’Mr President, in recent years Trinidad and Tobago has made great strides,’ the Queen said.

’Your Government’s leadership on regional security has been rightly praised, particularly its pioneering efforts to encourage the sharing of good ideas and techniques in counter narcotics co-operation throughout the Caribbean.’

’My Government remains ready to assist in the security sector and in the reforms of judicial processes.’

Her Majesty highlighted this country’s provision of, ’good quality education and opportunities for further development’.

’Today every citizen has access to tertiary education through the Government Assistance for Tuition Expenses (GATE) scheme,’ she said.

 ’The St Augustine campus of the University of the West Indies has an international reputation as a centre of academic excellence, providing a benchmark for educational institutions throughout the Commonwealth,’ she said.

The Queen also praised the cultural achievements of authors, painters and photographers in what she said was ’the birthplace of calypso music and the steel pan.’

In the sporting world she applauded the achievements of cricketer Brian Lara.

’You have produced a batsman widely regarded as one of the finest ever to have played the game … And in athletics you have achieved impressive results in recent Olympic and Commonwealth Games.

 ’We look forward to welcoming your teams to London in 2012.’ (Trinidad Express)

CHOGM creates traffic woes

 

Security arrangements for the 2009 Commonwealth Heads of Government Meeting (CHOGM) in Port of Spain yesterday caused traffic gridlock on key streets in and leading into the capital city even though most public servants and school children were ordered to take the day off.

This posed a problem for some trying to reach to work on time for the CHOGM at two key locations for the event - the Trinidad and Tobago International Financial Centre (TTIFC) and the Hyatt Regency Hotel.

An armed police presence was visible at the Hyatt and the TTIFC as some government leaders and Commonwealth Heads including British Prime Minister Gordon Brown began arriving at the hotel on Thursday.

Key CHOGM meetings are scheduled to take place at the Hyatt, while the TTIFC is serving as the media centre for the event.

A check point has been established at the corner of Wrightson Road and Dock Road outside of the TTIFC where all those accredited to be at the building and the TTIFC are screened by security personnel before being allowed to enter the compound.

Acting Police Commissioner James Philbert visited the area Thursday and walked around inspecting the security arrangements in place at and around both buildings.

Traffic restrictions took effect after 12 a.m. on Thursday and pedestrian traffic once allowed to flow freely through the compound is also being restricted at key points similar to the security arrangements that were in place for the Fifth Summit of the Americas held in Port of Spain last April that was attended by US President Barack Obama.

The security in place in Port of Spain for the CHOGM also included the National Academy for the Performing Arts (NAPA) where the meeting was officially opened by Queen Elizabeth II yesterday.(Trinidad Express)

UN leader optimistic about climate talks

 

The climate change talks held at the Commonwealth Heads of Government Meeting in Port of Spain has been described as ’encouraging’ by United Nations Secretary General Ban Ki-Moon and Denmark Prime Minister Lars Lokke Rasmussen.

In a last minute attempt to gain support for the Copenhagen Agreement, the UN Head and the Danish leader addressed Commonwealth Heads of Government and State during a session yesterday.

’This meeting has been constructive, very useful and we’re both very encouraged by such a strong commitment politically being expressed by the leaders of Commonwealth community,’ said the UN leader said during a press conference at the CHOGM Media Centre at the International Financial Centre in Port of Spain last night.

’They all wish and hope sincerely that there must be a deal in Copenhagen for the future of this humanity- developed and developing countries.’

Rasmussen, who will be hosting the United Nations Climate Change Conference in Copenhagen, said CHOGM created a unique opportunity to discuss the challenges ahead of the climate change summit.

’The Commonwealth covers so many countries, some of the most vulnerable small island states which really suffer from climate change. I must say I was encouraged by the engagement from all leaders attending the meeting and looking forward to the community tomorrow,’ he said.

In his address to the leaders, Ban Ki-Moon called for commitment in five areas:

1. Ambitious mid-term mitigation targets for industrialised countries;

2. Ambitious mitigation actions by developing countries that limit the growth of their emission to below-business as usual;

3. An ambitious adaption framework for all countries;

4. Financing and technology to support developing countries with all the above, and;

5. A transparent and equitable governance structure to manage and deploy these resources that gives all countries a voice.

Ban Ki-Moon noted that the Commonwealth leaders were now working on a joint statement to be issued by Trinidad and Tobago’s Prime Minister Patrick Manning at the end of the CHOGM. (Trinidad Express)

Sarkozy: No global carbon risk from T&T

 

Trinidad and Tobago does not risk upsetting the world’s carbon emission balance despite its heavily industrialised economy, says French President Nicolas Sarkozy.

He made the comment in Port of Spain yesterday, just one day after Prime Minister Patrick Manning declared that this country, which earns most of its revenue from its bread and butter oil and natural gas sectors, is not one of the world’s largest polluters in the world on a per-capita basis.

’Whatever the significance or importance of Trinidad and Tobago, I don’t think Trinidad and Tobago, these two islands, in any way risk upsetting world balance or carbon balance,’ Sarkozy, speaking through an interpreter, said.

He did so during a news conference at the Trinidad and Tobago International Financial Centre (TTIFC) in Port of Spain. The centre is serving as the media centre for the 2009 Commonwealth Heads of Government Meeting (CHOGM).

Sarkozy also announced that France is willing to support a proposal for a fund to be supported by developed countries worth US$10 billion on an annual basis over the next three years, to assist the world’s poorer countries to combat deforestation, lower their carbon emissions and address the impact of climate change they are suffering.

As he made the comment, Sarkozy said he could not give an answer to a question with regard to Trinidad and Tobago, when asked about comments he made yesterday that India would be subject to financing under the fund because it is one of the world’s lowest polluters on a per capita basis.

’I will not distribute the monies between the countries. If you look at emission forecasts for next year, the United States and China alone, the two of them account for more than 40 per cent, almost 50 per cent of carbon emissions, which is not the case for India,’ Sarkozy said.

He then made reference to the view he had from the room in the hotel he is staying at in Port of Spain during his visit.

’Forgive me, I don’t know sufficiently well the situation of Trinidad and Tobago to give you an answer to your second question, even though I have seen the oil wells from my bedroom window,’ Sarkozy said.

Manning was scheduled to hold a news conference at the TTIFC last evening at 6.30 after Sarkozy spoke to reporters, but it was postponed to today without any official explanation. (Trinidad Express)