Stats: 47,026 members, 241,435 topics. Date: Wednesday 26th of June 2024 03:46 PM |
Top Members (June) LilyNLSOFT : 133 KellyE : 52 noah22 : 52 synw : 49 BigBallsBiden : 35 uzy47 : 35 EMMALEZ : 35 TitanKenneth : 30 Legit : 21 haykings : 21 Top members are most active forum members |
ECHOnigeria Forum / Naija Info / Student files climate change lawsuit against Australian government (1 Post | 420 Views)
(1) (Go Down)
Student files climate change lawsuit against Australian government by Vlad(m) : 6:10 am |
An Australian student has filed a lawsuit against her government for failing to make clear climate change-related risks to investors in government bonds. It is thought to be the first such case in the world. Katta O’Donnell, 23, filed the civil action in the Federal Court on Wednesday. A spokesperson for the Australian Treasury said it was aware of the case, but could not comment on the specifics. Government bonds are an investment where you lend money to the government. In return, it promises to pay back a certain sum of money in the future, as well as interest in the meantime. What is Australia doing to tackle climate change? What does the lawsuit say? It alleges that the country’s economy and the national reputation in international financial markets will be significantly affected by the Australian government’s response to climate change. The risks are crucial to an investor’s decision to trade in government bonds and an investor is entitled to be informed of those risks, it adds. The student is seeking a declaration that the government breached its duty of disclosure and an injunction pausing further promotion of such bonds until it complies. “O’Donnell the Commonwealth is the first case in the world dealing with climate as a material risk to the sovereign bond market,†her lawyers say on their website. Who is Katta O’Donnell? Australia fires were far worse than any prediction “I want the Australian government to tell the truth about the risks posed by climate change,†she told the Financial Times. “I don’t want to look towards a future where these types of bush fire are a common occurrence.â€
|
Video: #BBNaija housemate Tacha speaks after disqualification; thanks Titans for the love Imo Collapsed Building: Second Corp Member Dies Nigerian Army General detained over $16m found in wife’s US account |
(1)
(Go Up)
ECHOnigeria - Copyright © 2022. All rights reserved. Follow ECHOng on Facebook and Twitter Inbox Peculiar (Forum Super Mod) If you have any questions (+2348171606466) Disclaimer: Every ECHOnigeria member is solely responsible for anything that he/she posts or uploads on ECHOnigeria |