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Taking the sanctions battle to the International Court of Justice, Iran has decided to strongly oppose the renewed sanctions by US. The UN’s court who will look after the re imposed harsh penalties by Trump which were pulled after a 2015 landmark agreement. Tehran demanded an immediate lifting of sanctions and damage compensation. “The US had no right to reinstate such measures” rumbled Tehran.
Saudi Basic Industries Corporation (SABIC) received the second issuance of carbon credits, over 48,000, from the UN for a Clean Development Mechanism (CDM) project. This further adds to the firm’s reputation as the only organization in Saudi Arabia to receive the sought-after credits. Sustainability is a foundational element of SABIC’s 2025 strategy and these saleable credits can be used to meet their emission reduction targets, under Kyoto protocol.