Boris Johnson says 'no compelling excuses' for not tackling climate change
November 1, 2021, 2:04 am

Boris Johnson says 'no compelling excuses' for not tackling climate change

Boris Johnson-UK

The BBC reported, Boris Johnson has warned world leaders there are "no compelling excuses" for failing to tackle climate change.

Speaking at the close of the G20 summit in Rome, he said some progress was made in the past few days - but there was still a "huge way" to go.

The BBC said that world leaders were meeting in Rome to discuss what can be done to keep global warming in check, ahead of the COP26 climate summit in Glasgow.

Mr Johnson added immediate action was needed to halve emissions by 2030.

In Rome, the leaders of the 19 countries and the European Union, which form the G20 group of major economies, agreed to pursue efforts to limit global warming with "meaningful and effective actions".

The prime minister said: "There are no compelling excuses for our procrastination.

"Not only have we acknowledged the problem, we have already seen first hand the devastation that climate change causes - heatwaves and droughts to wildfires and hurricanes."

Referring to a treaty on climate change that came from a previous COP summit in 2015, he said: "If we don't act now, the Paris Agreement will be looked at in the future, not as the moment that humanity opened its eyes to the problem but the moment we flinched and turned away."

A report by the World Meteorological Organisation, released alongside the start of COP26, said extreme weather events - including powerful heatwaves and devastating floods - were the new normal.

The two-week summit, which began on Sunday and runs until 12 November, will see delegates from about 200 countries discuss how to cut emissions by 2030.

It was originally scheduled for 2020 but was postponed because of the Covid-19 pandemic.

Mr Johnson acknowledged the G20 had "made some progress" but said there was still "a huge way still to go".

Asked what he thought the chances were of success at COP26, the prime minister said it was "about six out of 10, it's nip and tuck, it's touch and go".

He added the target of keeping the rise in global temperatures under 1.5C was "very much in the balance".

Scientists say that keeping global warming below 1.5C - a target world leaders agreed to work towards in 2015 - will avoid the worst climate impacts.

Mr Johnson said: "Currently, let's be in no doubt, we are not going to hit it and we have to be honest with ourselves," adding, "So we've got to keep that hope alive."

Source: BBC

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.