Local News
Premier Wheatley Urges Urgent Action on Climate Change in Press Conference
Premier and Minister of Finance, Environment, Natural Resources, and Climate Change, Dr. Honourable Natalio D. Wheatley, stressed the critical urgency of addressing climate change and securing vital funding for the Virgin Islands.
In a press conference held on Friday, 8th December, Premier Wheatley asserted that climate change stands as the single greatest threat to the survival and development of small islands like the Virgin Islands. He emphasized that, as small entities contributing minimally to the problem, these islands are experiencing the most severe impacts on the frontlines of the climate crisis.
“Gone are the days when there is a debate about whether climate change is real. We are now living the reality of climate change,” Premier Wheatley declared, highlighting the imminent dangers of exceeding global warming thresholds within the next decade.
Drawing attention to the tangible impacts on the Virgin Islands, Premier Wheatley outlined the potential consequences, from disappearing coral reefs and persistent sargassum landings to increased risks of vector-borne diseases and ‘runaway’ sea level rise threatening coastal communities and infrastructure. He underscored the economic toll, referencing the massive debt incurred after hurricanes like Irma and Maria.
Premier Wheatley stressed the need for adaptation measures to ensure resilience against the multifaceted impacts of climate change. However, he acknowledged the financial challenge, stating, “Adaptation is very costly, more than we can afford.”
Providing insights into recent duty travels, Premier Wheatley shared updates from the 28th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP28). He highlighted the crucial role of small islands in climate negotiations, citing their historical leadership in advocating for major victories such as the creation of the Loss and Damage Fund.
Addressing the disparity faced by the Virgin Islands and other UK Overseas Territories in accessing climate funds, Premier Wheatley reported on successful engagements at COP28 with the UK delegation. He expressed satisfaction in securing an agreement for the Territories to be engaged at the start of the cycle for the UK’s negotiating strategy for future COPs.
Moreover, Premier Wheatley revealed positive developments in discussions with Rt Hon Graham Stuart, UK Minister for Energy Security and Net Zero. The UK’s openness to a dedicated Climate Change Fund for its Territories and the agreement for a formal request process were seen as significant strides.
“We have a critical window to ensure our concerns make it into the global negotiations,” Premier Wheatley emphasized, urging collective efforts to build on existing initiatives and establish a robust framework for climate action in the Virgin Islands.
As the government continues its advocacy for international climate funds and a dedicated UK Climate Change Fund, Premier Wheatley invited media collaboration to spotlight the unique challenges faced by the Territories. He emphasized the importance of building on the foundation laid at COP28 to ensure the Virgin Islands is not left behind in the fight against climate change.
Local News
Virgin Islands Premier Concludes Key Talks in London, Sets Stage for Stronger UK Partnership
Entertainment
Thirteen Restaurants to Serve Up Lobster Delights at Anegada Lobster Festival 2024
Local News
British Virgin Islands Financial Services Commission Welcomes New Leadership
The British Virgin Islands Financial Services Commission (BVIFSC) has announced new appointments to its governing board, with Mr. Gerard St Clair Farara KC stepping in as Chairman and Ms. Patlian Johnson as Commissioner. The appointments, confirmed by the Ministry of Financial Services, Labour, and Trade, mark a new chapter for the commission as it seeks to strengthen the territory’s financial services sector.
Mr. Gerard St Clair Farara KC has been appointed to a three-year term as Chairman, effective August 1, 2024. A seasoned legal expert with a distinguished career, Farara currently serves as a Commercial Court Judge for the Eastern Caribbean Supreme Court and leads the litigation team at the BVI office of COLLAS CRILL, formerly Farara Kerins. Farara’s prominence in the legal community is further highlighted by his appointment as Queen’s Counsel in 1996, cementing his standing as a leading figure in the Virgin Islands Bar and the broader Eastern Caribbean.
Ms. Patlian Johnson will serve a one-year term as Commissioner, also beginning on August 1, 2024. Johnson, a Strategy and Policy Advisor with extensive experience, currently holds the position of National Coordinator for the UNDP Project Office. She brings an impressive academic background, including a Master of Science in Economics and Finance from the University of Bristol and a Bachelor of Science in Economics and Accounting with First Class Honours from the University of the West Indies, Cave Hill Campus.
The pair will replace outgoing Chairman Mr. Robin F. Gaul and Commissioner Mr. Melvin A. Turnbull, whose terms have concluded. Minister of Financial Services, Labour, and Trade, Honourable Lorna G. Smith, OBE (AL), praised the new appointments, stating, “I am delighted to welcome Mr. Farara and Ms. Johnson to the BVIFSC Board of Commissioners. Their combined expertise will be invaluable as we continue to navigate the challenges and opportunities facing the financial services sector.”
Smith also expressed gratitude to the departing board members for their significant contributions to the growth and stability of the territory’s financial services industry. According to the Government Information Service (GIS), these appointments underscore the Virgin Islands’ commitment to maintaining a well-regulated and competitive financial services sector.
-
Local News2 weeks ago
Search Underway After Vessel Capsizes Off Jost Van Dyke, One Dead, One Missing
-
Local News2 weeks ago
Oil Spill Forces Temporary Road Closure in Fish Bay
-
Local News1 week ago
Thirty-Six Naturalized as British Citizens in Ceremony at Government House
-
Education2 weeks ago
Eighty Virgin Islands Public Officers Complete Customer Service Training
-
Elections 20232 weeks ago
Virgin Islands Releases 2024 Preliminary Voters List for Public Review
-
Local News2 weeks ago
British Virgin Islands Premier Leads Delegation to London for Key Talks on Governance, Finance, and Climate Change
-
Local News1 week ago
Major Road Rehabilitation Projects Underway
-
Education2 days ago
HLSCC Expands Global Educational Pathway with CMI Level 3 Diploma