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☆ Israeli lawmakers vote overwhelmingly against Palestinian statehood, challenging US policy
▼ + stars: | 2024-07-18 | by ( Andrew Carey | ) edition.cnn.com time to read: +4 min

Jerusalem CNN —The Biden administration received another rebuff from Israel Wednesday night – this time from the country’s parliament – over the United States’ long-standing support for the eventual establishment of a Palestinian state. A two-state solution to the Israeli-Palestinian conflict has been US policy for decades, but absent negotiations between the two sides, and a lack of sustained effort by the US to make it happen, means faith in such an outcome has dwindled. On Wednesday evening, the Israeli parliament made clear its position, voting by 68 to 9 to reject any creation of a Palestinian state. “The Knesset of Israel firmly opposes the establishment of a Palestinian state west of the Jordan (river). What we have is multilateral recognition of Palestinian statehood and unilateral Israeli rejection,” Scheindlin says.

Persons: Jerusalem CNN —, Biden, –, Benny Gantz, Benjamin Netanyahu, Gideon Saar, ”, Netanyahu, Dahlia Scheindlin, Bezalel Smotrich, there’s, ” Scheindlin, ” Espen Barth Eide Organizations: Jerusalem CNN, Haaretz, Palestinian Authority, Israel Locations: Jerusalem, Israel, United States, Palestinian, Jordan, Washington, Gaza, Spain, Ireland

☆ Spain, Ireland and Norway have recognized Palestinian statehood. Where does Europe stand on the issue?
▼ + stars: | 2024-05-28 | by ( Rob Picheta | ) edition.cnn.com time to read: +7 min

CNN —Spain, Ireland and Norway formally recognized Palestinian statehood on Tuesday, cementing a joint move that further isolates Israel over its war against Hamas in Gaza. The move also highlights just how split Europe is on whether to recognize Palestinian statehood. Spain, Ireland and NorwayThe move by these three countries to recognize Palestinian statehood in tandem sent an impactful message to Israel, and other Western states. Western EuropeIn 2014, Sweden became the first major Western European nation to recognize Palestinian statehood. “The path of symbolic recognition of statehood is not the way forward.”Eastern EuropeOfficially, a number of countries that previously fell under the Soviet sphere of influence in eastern Europe recognize Palestinian statehood.

Persons: Simon Harris, “, Harris, Ireland “, ”, Netanyahu, Israel, ” Harris, Espen Barth Eide, Pedro Sánchez, Israel Katz, ” “, ” Katz, Margot Wallstrom, Olaf Scholz, ” Scholz, Robert Golob, Golob, Palestine ” Organizations: CNN —, Palestinian, Gaza . Irish, United, Ireland, CNN, Palestine, Swedish, UN, Assembly, Reuters, Europe Officially, Soviet Locations: CNN — Spain, Ireland, Norway, Israel, Gaza ., Europe, United Nations, Eastern, Spain, Palestine, Gaza, Norwegian, Madrid, Palestinian, Iran, Sweden, France, Belgium, Poland, Greece, Denmark, United Kingdom, Germany, Italy, Netherlands, States, Hungary, Czech Republic, Slovakia, Romania, Bulgaria, Ramallah, Argentina, Micronesia, Nauru, Palau, Papua New Guinea, United States

☆ What Does It Mean to Recognize a Palestinian State?
▼ + stars: | 2024-05-22 | by ( Matthew Mpoke Bigg | ) www.nytimes.com time to read: +1 min

The decision by three European countries — Ireland, Norway and Spain — to recognize a Palestinian state fits into a long-term goal of Palestinian leaders to secure diplomatic acceptance, but it appears that the immediate practical impact will be limited. Broadly speaking, recognizing a state means declaring that it meets the conditions of statehood under international law. But the European countries appeared to be mostly concerned with expressing support for Palestinians and sending a message to Israel at a time of deepening international concern about its conduct of the war. He gave no date for this change but said it would enable Norway to enter into bilateral agreements. Recognition would also have some “domestic legal effects in Norway in areas where issues related to the state of Palestine arise,” he said.

Persons: Spain —, Espen Barth Eide, ” Organizations: Palestinian Authority, West Bank Locations: Ireland, Norway, Spain, Israel, Palestine

☆ Credit Cards Are Smarter: Better Fraud Detection, No Travel Alerts
▼ + stars: | 2024-05-12 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

I don't know how JPMorgan Chase knew that I would spend $200 on Botox in Argentina, but it did. It's great that banks and credit-card companies are getting better at discerning which payments are fraudulent and which are legit. Credit-card fraud protection is still far from perfect, but there's no denying that the technology is improving. So I reached out to some credit-card companies and academics to learn more. But it's cool that companies really are making fraud detection better, especially in a world where fraudsters themselves are constantly getting better.

Persons: JPMorgan Chase, it's, Nilson, We've, that's, Tina Eide, Eide, Mike Lemberger, they've, Lemberger, here's, Yann, Aël Le Borgne, Gianluca Bontempi, Bontempi, I'd, Le Borgne, somebody's, Emily Stewart Organizations: Citibank, JPMorgan, Federal Trade Commission, American Express, Netflix, Libre de Bruxelles, Companies, Visa, Citi, Business Locations: California, Buenos Aires, Botox, Argentina, North America, Belgium, Lemberger

☆ America's Plastic Catastrophe: Most Waste Can't Be Recycled
▼ + stars: | 2024-04-24 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +14 min

It's an urgent question — what do we do with the 40 million tons of plastic waste we produce annually? One year of plastic waste is roughly enough to smother the entirety of Manhattan a meter deep, and it has to go somewhere. For decades, America sent its plastic waste to countries like China and Indonesia. Unlike aluminum or glass, the plastic that can be recycled rarely results in replacing one recycled water bottle with another. By downcycling a tiny portion of plastic waste, companies can genuinely reuse a relatively small share of plastic, while convincing consumers that the industry has created a circular economy of infinitely recycled plastic.

Persons: Kartik Byma, they're, Tim Miller, Susan Freinkel, Nestlé, Lea Suzuki, Larry Thomas, what's, Taylor Dorrell, Biden, that's, Taylor, Miller, Kelley Sayre, Vicky Abou, it's, Mike Bloomberg, Bloomberg, Espen Barth Eide, Norway's, Abou, It's Organizations: Getty, America, Chevron, Exxon, Paper Stock, Plastics Industry Association, Organization for Economic Co, San Francisco, NPR, International Energy Agency, ExxonMobil, Alterra Energy, National Renewable Energy Laboratory, Royal Paper Stock, Akron, Buckeye Environmental, Business, Eastman Chemical Co, American Chemistry Council, New, Beyond Plastics, UN, Buckeye Environmental Network Locations: America, Manhattan, China, Thailand, Malaysia, Indonesia, AFP, Ohio, American, San Francisco, Akron, Taylor Dorrell Akron , Ohio, United States, Oregon, New York City

☆ Opinion | The World Needs to Stand by UNRWA
▼ + stars: | 2024-02-03 | by ( Espen Barth Eide | ) www.nytimes.com time to read: +1 min

Relief and Works Agency for Palestine Refugees, or UNRWA, the nearly 75-year-old agency that is almost entirely funded by voluntary contributions. But now is exactly the wrong time to halt funding for UNRWA. Norway is standing fast to our commitment to continue funding this crucial agency and to the Palestinian people. As the Norwegian foreign minister, I urge fellow donor countries to reflect on the wider consequences of cutting UNRWA off. And since UNRWA also supports millions of Palestinian refugees in the West Bank, Jordan, Lebanon and Syria, a stop to payments could further destabilize an already extremely volatile region.

Organizations: United Nations, Works Agency for Palestine Refugees, UNRWA, West Bank Locations: Gaza, United States, Israel, Norway, Norwegian, Jordan, Lebanon, Syria

☆ Norway 'Reasonably Optimistic' Funding to UNRWA Can Get Back on Track
▼ + stars: | 2024-02-01 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

OSLO (Reuters) - Norwegian Foreign Minister Espen Barth Eide told Reuters on Thursday he was "reasonably optimistic" some countries that had paused funding to the U.N. agency for Palestinian refugees (UNRWA) would resume payments. UNRWA on Thursday said its entire operations in the Middle East, not only in Gaza, will most likely be forced to shut down by the end of February if its funding remains suspended. "I am reasonably optimistic that we will get funding back on track," Barth Eide said in an interview. The Nordic country, a top donor to UNRWA, said on Wednesday it was urging countries that have paused funding to the agency to consider the consequences of their actions on the population in Gaza. Asked whether he was speaking with his counterpart in Sweden, a top UNRWA donor that paused funding and is a close Norway ally, he said: "I'll be very careful about mentioning individuals.

Persons: Espen Barth Eide, Barth Eide, Gwladys Fouche, Terje Solsvik Organizations: Reuters, UNRWA Locations: OSLO, Norwegian, Gaza, Israel, Oslo, Sweden, Norway

Britain's Labour Party Leader Keir Starmer attends television interviews on the final day of the party's annual conference in Liverpool, Britain, October 11, 2023. It is not unusual for opposition leaders to receive summit invitations, but COP28 is particularly resonant. Ireland's climate minister, Eamon Ryan, hailed Britain's climate leadership, but also said Sunak's reset of some measures had not gone down well when the news was reported while he was in New York for the U.N. General Assembly. Britain's development minister Andrew Mitchell, at COP28, told Reuters what Sunak did "was very good government". But the Conservatives' former finance minister George Osborne questioned whether Sunak had been angered that Kitsotakis had met Starmer before him.

Persons: Keir Starmer, Phil Noble, Starmer, King, Jordan, John Kerry, General Antonio Guterres, Rishi Sunak, COP28, Sunak, Espen Barth Eide, Eamon Ryan, Andrew Mitchell, we're, Kyriakos, Sunak's, George Osborne, Kitsotakis, Elizabeth Piper, Kate Abnett, Barbara Lewis Organizations: Britain's Labour, REUTERS, Labour Party, UN, Labour, General, Reuters, Greek, Elgin, British, Conservatives, Thomson Locations: Liverpool, Britain, DUBAI, Dubai, Israel, Gaza, Qatar, Brazil, London, COP28, Norwegian, New York

Two and a half weeks after sending tanks and ground troops into northern Gaza, Israeli forces entered a hospital early Wednesday that they claim Hamas operates out of. The Israeli army claims the militant group uses hospitals as cover for its fighters, and has set up its main command center in and beneath Shifa Hospital, the largest in the besieged territory. Both Hamas and Shifa Hospital staff deny the Israeli allegations. Both Hamas and Shifa Hospital staff deny the Israeli allegations. ISRAEL SAYS IT'S CARRYING OUT A ‘PRECISE AND TARGETED OPERATION’ INSIDE GAZA'S SHIFA HOSPITALJERUSALEM — The Israeli military says its forces have entered Gaza’s Shifa hospital, the site of a lengthy standoff.

Persons: Mohammed Zaqout, — Israel, ‘, ’, Ahmed Mhanna, ”, Jabaliya, Mhanna, NETANYAHU, Benjamin Netanyahu, Netanyahu, ” Netanyahu, “, Fahrettin Koca, Koca, Hossein Amirabdollahian, Martin Griffiths, Meirav Eilon Shahar, “ Israel, ” Philippe Lazzarini, CAIRO —, Munir al, Boursh, ” Israel, Hamas ”, Paltel, Israel, ” Griffiths, Shifa, that’s, Jonas Gahr Støre, Espen Barth Eide, ” Barth Eide, Recep Tayyip Erdogan, Erdogan, ” Erdogan, Israel —, Daniel Hagari, Hamas’s, ” Hagari, KHAN YOUNIS, Mohammad al, Abdallah, National Security Itamar Ben, Gvir, Nasser, Khan Younis, Catherine Russell, Russell, ” Russell, ISRAEL Organizations: Hamas, Shifa, Shifa Hospital, Health Ministry, . Security, ASEAN, AS, Awda Hospital, Awda, PEACEMAKING GROUP GENEVA, Centre, Associated Press, Iran's, Iranian, ” UN, UNRWA, United Nations, OFFICIAL, International Committee, COMMUNICATIONS COMPANY, UN OFFICIAL, Health Organization, ” FIRST, NTB, ISRAEL, TEL, Israeli Defense Forces, IDF, MINISTRY, Ministry of National Security, National Security, UNICEF, JERUSALEM Locations: Gaza, Israel, Shifa, Myanmar, Washington, israel, GAZA, CAIRO, Jabaliya, GAZA ZIKIM, Israeli, Gaza City, TURKEY ANKARA, Turkey, Egypt, Rafah, Geneva, Basque, Spain, Iranian, Iran, Palestine, ”, Territories, United States, JERUSALEM, Palestinian, GENEVA, what’s, GAZA COPENHAGEN, Denmark, Norwegian, Norway, ISRAEL ANKARA, Turkish, TEL AVIV, West Bank, Ben, Khan, SHIFA

☆ Norway Believes Israel May Have Not Fully Respected International Law
▼ + stars: | 2023-10-31 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +3 min

By Alexander CornwellABU DHABI (Reuters) - Norway believes Israel may have broken international law in its bombardment of Gaza that has levelled neighbourhoods and killed thousands of Palestinians, its foreign minister said on Tuesday. Foreign Minister Espen Barth Eide told Reuters in an interview that while Oslo supports Israel's right to self-defence, humanitarian law must be adhered to. Israel started its offensive after Hamas attacks on southern Israel on Oct.7 which authorities there say killed 1,400 people. He said that satellite images that showed entire areas bombed, homes of thousands of people destroyed and medical facilities attacked as being "clearly problematic" from an international humanitarian law perspective. "This is not only important from a legal perspective, it's also important because there will come a time where we have to look for political solutions," Barth Eide said.

Persons: Alexander Cornwell ABU DHABI, Espen Barth Eide, Israel, Barth Eide, it's, Alexander Cornwell, Angus MacSwan Organizations: Reuters, United, United Arab Emirates, Palestinian Liberation Organization, PLO, Oslo Accords, Israel Locations: Norway, Israel, Gaza, Oslo, United Arab, Israel's, Abu Dhabi, Iran

☆ Cairo Peace Summit on Gaza conflict: who will attend?
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

Members of the military stand guard as people take part in a protest in support of Palestinians, amid the ongoing conflict between Israel and Palestinian Islamist group Hamas, in Old Cairo, Egypt, October 20, 2023. REUTERS/Mohamed Abd El Ghany Acquire Licensing RightsOct 20 (Reuters) - Egypt is planning to host an international conference on Saturday to discuss the escalating war between Israel and the Palestinian group Hamas in Gaza. The list of attendees expected so far at the Cairo Peace Summit include:Egyptian President Abdel Fattah al-SisiPalestinian President Mahmoud AbbasJordanian King AbdullahBahraini King Hamad bin Isa Al KhalifaKuwaiti Crown Prince Sheikh Meshal al-Ahmad al-SabahItalian Prime Minister Giorgia MeloniSpanish Prime Minister Pedro SanchezGreek Prime Minister Kyriakos MitsotakisCypriot President Nikos ChristodoulidesSouth African President Cyril RamaphosaGerman Foreign Minister Annalena BaerbockFrench Foreign Minister Catherine ColonnaJapanese Foreign Minister Yoko KamikawaBritish Secretary of State for Foreign Affairs James CleverlyNorwegian Foreign Minister Espen Barth EideUnited Nations Secretary-General Antonio GuterresEuropean Council President Charles MichelEuropean Union foreign policy chief Josep BorrellReporting by Reuters bureaus; Editing by Edmund Blair, Gareth Jones and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mohamed Abd El Ghany, Abdel Fattah al, Mahmoud Abbas, Mahmoud Abbas Jordanian King Abdullah, Mahmoud Abbas Jordanian King Abdullah Bahraini King Hamad bin Isa Al Khalifa, Mahmoud Abbas Jordanian King Abdullah Bahraini King Hamad bin Isa Al Khalifa Kuwaiti Crown Prince Sheikh Meshal al, Ahmad al, Giorgia, Pedro Sanchez, Kyriakos, Nikos Christodoulides, Cyril Ramaphosa, Annalena Baerbock, Catherine Colonna Japanese, Yoko Kamikawa, Foreign Affairs James, Espen Barth Eide, Antonio, Charles Michel, Josep Borrell, Edmund Blair, Gareth Jones, Jonathan Oatis Organizations: Hamas, REUTERS, Palestinian, Cairo Peace, Pedro Sanchez Greek, State, Foreign Affairs, Espen Barth Eide United Nations, Charles Michel European Union, Reuters, Thomson Locations: Israel, Palestinian, Old Cairo, Egypt, Gaza, Cairo, Mahmoud Abbas Jordanian, Mahmoud Abbas Jordanian King Abdullah Bahraini, Mahmoud Abbas Jordanian King Abdullah Bahraini King Hamad bin Isa Al Khalifa Kuwaiti Crown, Sabah Italian, Spanish, Norwegian

☆ Norway will deliver gas to Europe for as long as needed, climate minister says
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

Espen Barth Eide, Norway's Minister of Climate and Environment, arrives at the informal meeting of EU environment ministers at the Scandinavian XPO in Marsta outside Stockholm, Sweden, April 18, 2023. TT News Agency/Henrik Montgomery via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 15 (Reuters) - Norway must continue to deliver natural gas to Europe for as long as needed while also working to decarbonise the continent's energy systems, the Norwegian climate and environment minister said on Friday. "We think it's strategically important that we uphold these deliveries while there is still use, but we also work for the elimination of use, for the transition from natural gas," Espen Barth Eide told a Reuters Newsmaker event. Reporting by Gwladys Fouche, editing by Terje Solsvik and Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

Persons: Espen Barth Eide, Henrik Montgomery, Gwladys Fouche, Terje Solsvik Organizations: Norway's, TT News Agency, REUTERS, Rights, Reuters, Thomson Locations: Marsta, Stockholm, Sweden, Rights OSLO, Norway, Europe, Norwegian

☆ Uber drivers say loud friends, leaving crumbs on seats, and loading the car with bags might be why I don't have a perfect 5-star rider rating
▼ + stars: | 2023-03-30 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

Four Uber drivers revealed why some passengers have lower ratings than they expected. Loading cars with bags and making drivers wait could also bring ratings down. An Uber driver previously told Insider that people with ratings of between about 4.7 and 4.79 were decent riders, but had "questionable history." Uber drivers have to wait two minutes until they start receiving payment for a ride. Uber introduced the in-app tipping feature in July 2017, allowing passengers to tip drivers after each trip.

☆ Uber drivers reveal the 5 worst things passengers can do during a ride. You could be guilty of doing them without even realizing.
▼ + stars: | 2023-03-02 | by ( Kate Duffy | ) www.businessinsider.com time to read: +6 min

Five Uber drivers told Insider about the worst types of passengers they pick up. You may not like it, but you could be an Uber driver's worst nightmare. They pick up all sorts of people during their shift, and five told Insider how unpleasant some passengers can be. Five drivers told Insider about the worst things passengers do during a trip. Unlike traditional cabs, Uber drivers have to wait two minutes until they can start getting paid for a trip.

☆ Norway says fund to reduce Amazon deforestation in Brazil back in business
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +2 min

"He has reinstated strategies to make this happen, and appointed ministers with substantial knowledge and expertise in the area," Barth Eide said. In 2008 in an earlier term as president, Lula set up the fund to receive international contributions to Brazil's efforts to stop deforestation. He also signed decrees re-establishing Brazil's strategies to reduce Amazon deforestation, the rate of which surged to a 15-year high under Bolsonaro. Re-establishment of the fund "is globally significant," Barth Eide said. "The Amazon Fund gives the international community a great opportunity to contribute."

☆ Explainer: What the world's nature-rich nations want out of a global conservation deal
▼ + stars: | 2022-12-17 | by ( Gloria Dickie | ) www.reuters.com time to read: +6 min

REUTERS/Nacho Doce/File PhotoMONTREAL, Dec 17 (Reuters) - Tangled expanses of Amazon rainforest, high mountains of the Himalayas, and cloud-shrouded forests are just some of the unique landscapes contained within the world's most nature-rich nations. Governments are trying to work out a new global agreement to guide conservation and wildlife protection through 2030 at a U.N. summit in Montreal this week. Of the nearly 200 countries assembled, five are considered to be among the world's most biodiverse nations — measured in the number of unique species. That's more than a third of all the world’s flowering plants, and more than half of all bird and mammal species on Earth. Here's what some of the world's most nature-rich nations want to happen at the talks.

☆ Werner CIO Looks to Outfit Company Trucks With AI-Enabled Tech
▼ + stars: | 2022-12-15 | by ( Belle Lin | ) www.wsj.com time to read: +4 min

Mr. Mahon was hired in 2020 to help the 66-year-old trucking and logistics company modernize its technology—much of it built on legacy systems. Nearly 50% of Werner’s systems, data and applications have already been moved to the cloud from its data centers, Mr. Mahon said. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. While Werner is putting its costs “under the microscope heading into next year,” Mr. Mahon said technology is still an area of investment given its priority for company executives. “They understand that if we want to get to that stated goal of $5 billion in the next few years, and beyond that, we have to improve and increase our spend in technology,” Mr. Mahon said.

The Amazon Fund, started under leftist Lula's first administration from 2003-2010, bankrolled conservation projects and counts Norway and Germany as its biggest donors. Right-wing President Jair Bolsonaro froze the fund, citing unspecified spending irregularities among fund-backed projects run by nongovernmental organizations, without providing evidence. The British embassy said its government was studying the invitation to join the Amazon Fund. Izabella Teixeira, Lula's former environment minister and current climate change adviser, told Reuters she had met with Norwegian and German officials on Monday about restarting the fund. Deforestation soared to a 15-year high under Bolsonaro, who called for more farming and mining in the Amazon region.

[1/10] Delegates applaud as COP27 President Sameh Shoukry delivers a statement during the closing plenary at the COP27 climate summit in Red Sea resort of Sharm el-Sheikh, Egypt, November 20, 2022. "We had to fight relentlessly to hold the line of Glasgow," a visibly frustrated Alok Sharma, architect of the Glasgow deal, told the summit. He listed off a number of ambition-boosting measures that were stymied in the negotiations for the final COP27 deal in Egypt: "Emissions peaking before 2025 as the science tells us is necessary? Another section of the COP27 deal dropped the idea of annual target renewal in favour of returning to a longer five-year cycle set out in the Paris pact. "I recognise the progress we made in COP27" with the loss and damage fund, Aminath Shauna told the plenary.

☆ Historic compensation fund approved at U.N. climate talks
▼ + stars: | 2022-11-20 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

The decision establishes a fund for what negotiators call loss and damage. Early Sunday morning, delegates approved the compensation fund but had not dealt with the contentious issues of an overall temperature goal, emissions cutting and the desire to target all fossil fuels for phase down. This year’s talks “were very focused on the fund and less on the mitigation (cutting emissions) part,” Eide added. However, that fight was overshadowed by the historic compensation fund. But like all climate financials, it is one thing to create a fund, it’s another to get money flowing in and out, she said.

[1/5] A general view of the entrance to the Sharm El-Sheikh International Convention Centre grounds, during the COP27 climate summit, in Sharm el-Sheikh, Egypt, November 19, 2022. Kunal Satyarthi, a negotiator for India, said he thought the loss and damage deal would "certainly" pass, and thanked other countries for their flexibility. Norway's climate minister, Espen Barth Eide, meanwhile, said his country was happy with the agreement to create a loss and damage fund. But the possible breakthrough on loss and damage was significant, and "I don't think that should be lost in the mix," he said. For daily comprehensive coverage on COP27 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

"Brazil is ready to retake its leadership in the fight against the climate crisis," Lula told a crowd of supporters in Sao Paulo. Silva said that Brazil would demand rich countries provide financing to poor countries to respond to climate change and give compensation for permanent "loss and damage" from climate change. Under Lula, Brazil will also discuss expanding its national targets for cutting climate-related emissions, said Silva, his former environment minister from 2003 to 2008. The firm, with roughly 237 billion euros ($234 billion) in assets under management, only owned about 100 million euros in Brazilian sovereign bonds when the prohibition took effect. Environmental advocates also cheered Lula's proposals for the Amazon, but cautioned that his agenda would face enormous political resistance.

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