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SAMAA - 'Sea snot' on Turkey's shores alarms residents

‘Sea snot’ on Turkey’s shores alarms residents
It was first documented in Turkey in 2007
SAMAA |
AFP - Posted: Jun 4, 2021 | Last Updated: 2 hours ago
SAMAA |
AFP
Posted: Jun 4, 2021 | Last Updated: 2 hours ago
This aerial photograph taken on June 4, 2021 in Turkey s Marmara Sea at a harbor on the shoreline of Istanbul shows mucilage, a jelly-like layer of slime that develops on the surface of the water due to the excessive proliferation of phytoplankton, gravely threatening the marine biome. The mucilage has been informally referred to as sea snot and was first documented in Turkey s waters in 2007. Experts warn the mucilage will occur more often because of global warming. Photo: AFP ....

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Exclusive: Turkey's banks shy away from Erdogan's 'crazy' canal – sources | WTVB | 1590 AM · 95.5 FM

By Ebru Tuncay and Can Sezer ISTANBUL (Reuters) - Some of Turkey's biggest banks are reluctant to finance President Tayyip Erdogan's planned Istanbul . ....

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Turkey's Banks Shy Away from Erdogan's 'Crazy' Canal

Tuesday, 27 April, 2021 - 06:30
Turkey s President Recep Tayyip Erdogan salutes vessels as they sail the Bosphorus Strait in Istanbul last year. (AP)
Asharq Al-Awsat
Some of Turkey s biggest banks are reluctant to finance President Recep Tayyip Erdogan s planned Istanbul canal due to environmental concerns and the investment risks hanging over the massive construction project, four senior bankers told Reuters.
Two of the sources said a global sustainability pact that six of Turkey s top banks have signed was a barrier to funding the Kanal Istanbul, which Erdogan dubbed his crazy project when he floated it a decade ago.
The government expects to break ground in June on the canal, which would connect the Black Sea to the north with the Marmara Sea to the south, running 45 km (28 miles) through marshland, farms and towns on the western edge of the city. ....

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Exclusive: Turkey's banks shy away from Erdogan's 'crazy' canal – sources

By Ebru Tuncay and Can Sezer
ISTANBUL (Reuters) – Some of Turkey’s biggest banks are reluctant to finance President Tayyip Erdogan’s planned Istanbul canal due to environmental concerns and the investment risks hanging over the massive construction project, four senior bankers told Reuters.
Two of the sources said a global sustainability pact that six of Turkey’s top banks have signed was a barrier to funding the Kanal Istanbul, which Erdogan dubbed his “crazy project” when he floated it a decade ago.
The government expects to break ground in June on the canal, which would connect the Black Sea to the north with the Marmara Sea to the south, running 45 km (28 miles) through marshland, farms and towns on the western edge of the city. ....

Black Sea , Oceans General , Primorskiy Kray , United States , David Clarke , Orhan Coskun , Bosphorus Strait , Jonathan Spicer , Ibrahim Kalin , Ebru Tuncay , Vladimir Putin , Yapi Kredi , Tayyip Erdogan , Ali Kucukgocmen , Ak Party , Ziraat Bank , Garanti Bank , Montreux Convention , Union Of Chambers Turkish Engineers , A Finance Ministry , President Tayyip Erdogan , Kanal Istanbul , Marmara Sea , Responsible Banking , Finance Ministry , Turkish Engineers ,

Exclusive: Turkey's banks shy away from Erdogan's 'crazy' canal - sources

6 Min Read
ISTANBUL (Reuters) - Some of Turkey’s biggest banks are reluctant to finance President Tayyip Erdogan’s planned Istanbul canal due to environmental concerns and the investment risks hanging over the massive construction project, four senior bankers told Reuters.
FILE PHOTO: Real estate agent Murat Ozcelik talks during an interview with Reuters at his office in Kayabasi district in Istanbul, Turkey, April 16, 2018. REUTERS/Osman Orsal/File Photo
Two of the sources said a global sustainability pact that six of Turkey’s top banks have signed was a barrier to funding the Kanal Istanbul, which Erdogan dubbed his “crazy project” when he floated it a decade ago. ....

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