The Paris Agreement was signed exactly five years ago on Dec 12, by 196 nations. It was a breakthrough in global climate governance and cooperation, with a target to limit global warming this century to 1.5°C, and at most, to 2°C. As part of this, each signatory country had committed to its own Nationally Determined Contributions (NDCs) to reduce carbon emissions.
However, many countries are not on track to meeting their Paris commitments, and five years on, with more advanced approaches to climate modelling, the data is telling us that global warming is on track to hit 2.8°C, far exceeding the Paris Agreement’s limit of 2°C.
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Petra Diamonds Ltd - Details of Scheme Meeting
PR Newswire
Proposed Scheme of Arrangement of Petra Diamonds US$ Treasury Plc
Details of Scheme Meeting
Further to the announcement issued by the Company on 17 November 2020, the Practice Statement Letter distributed on the same date to holders of the Group s US$650,000,000 7.25 per cent. senior secured second lien notes due 1 May 2022 (which is available on the Scheme Website at www.lucid-is.com/petradiamonds) and to the announcement issued by the Company on 2 December 2020 giving notice of the Scheme Convening Hearing, the Court has granted Petra Diamonds US$ Treasury plc (the
Scheme Company ) permission to convene a meeting of the Scheme Creditors (the