According to Oxfam, the world’s richest 1 per cent are responsible for 15 per cent of global emissions. This class is mostly made up of millionaires, who now total nearly 60 million globally and are projected to grow in number to over 65 million by 2028
The Ceylon Electricity Board has yet to issue an official explanation for the outage. Investigations are ongoing, and further updates are expected as restoration efforts continue.
Sources indicate that extensive consultations have been conducted at various levels, involving chief secretaries, chief ministers, mining associations, state-owned enterprises, and both large- and small-scale mining companies.
Entrepreneurs outside Board of Investment zones often face lengthy approval processes, with some projects requiring special gazettes and parliamentary approval, making it nearly impossible for independent investors to navigate the system without government intervention.
The sogo shoshas have played a crucial role in Japan’s industrial and economic development. However, the environmental advocacy group, Market Forces, says that these corporations continued investment in liquefied natural gas (LNG) terminals and gas power plants contradicts global decarbonisation efforts.
Sri Lanka's earlier administration had agreed to purchase power from Adani’s 484-megawatt wind power project at a rate of 8.26 US cents per unit under a 20-year power purchase agreement. This agreement, announced in May 2023, triggered widespread criticism due to the high price and lack of competitive tendering.
The special event was organized by the "Group of Friends of Energy," an informal coalition of member states that actively collaborate and advocate for policies and initiatives promoting sustainable energy access and development worldwide.
Beginning in December 2024 and ending in April 2025, La Niña is defined by the cooling of ocean surface temperatures, changes in wind and precipitation patterns, an increase in Atlantic hurricanes, drier conditions in the South, and wetter conditions in the Northwest.
This marks a substantial leap from August 2019, when only 3.23 crore rural households (just 16.7 per cent) had access to tap water, the minister of state for jal shakti, V Somanna said in a written reply to a question in Lok Sabha on Thursday.