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Michelle Bachelet News

30 May 2019

30% of Sea Needs Protection by 2030

To keep the planet flourishing, 30 percent of Earth needs protection by 2030. Today about eight percent of the ocean and 15 percent of land is protected."We’re on track to reach a global goal of protecting 10 percent of the ocean and 17 percent of the land by 2020, but world leaders need to dramatically boost ambition if we are to protect our natural resources and the people and wildlife that depend on them," said Oceana, an ocean conservation and advocacy organization.Oceana has joined the world’s leading philanthropists and ocean conservation organizations, such as Hansjorg Wyss, the Wyss Foundation and the Wyss Campaign for Nature in encouraging world leaders to commit to protect at least 30 percent of land and sea by 2030.As Mr.

21 Jan 2015

Chilean President Visits Port of Wilmington

Chilean President Michelle Bachelet paid a long-postponed visit to one of her nation's top export destinations, an official call at the Port of Wilmington that ended with private talks on terms aimed at keeping Delaware firmly tied to Chile's trade route. Delaware State announced plans to renew its business relationship with the South American country. The President was welcomed by Governor Jack Markell, U.S. Senator Tom Carper, Congressman John Carney, and dozens of other state and local officials. Delaware is a major entry point for shipments of Chilean fruit. "It has been a great opportunity for me to see how this important port operates…

28 Sep 2014

Chile is first South American Country to Tax Carbon

President Michelle Bachelet of Chile enacted new environmental tax legislation on Friday making the country the first in South America to tax carbon dioxide (CO2) emissions. Part of a broad tax reform, Chile's carbon tax will target the power sector, particularly generators operating thermal plants with installed capacity equal or larger than 50 megawatts (MW). These installations will be charged $5 per tonne of carbon dioxide (CO2) released. Thermal plants fueled by biomass and smaller installations will be exempt. The new tax is meant to force power producers to gradually move to cleaner sources to help reduce the country's greenhouse gas emissions and meet its voluntary target of cutting these gases 20 percent from 2007 levels by 2020.

16 May 2014

Chile Plans New Port, Seeks to Boost Innovation

Chile president Michelle Bachelet said on Friday her center-left government was planning the development of a "big scale" port in the center of the copper-exporting country. Bachelet also estimated about $1 billion would be allocated to foster innovation in the Andean country over the next four years as she presented a batch of pro-growth plans on Friday. Previously red-hot economic growth in world No.1 copper producer Chile is slowing on the back of softer investment and domestic demand, creating a headache for the new president. "We have a major challenge, the challenge of growing at a good rhythm while at the same time increasing our productivity, being more competitive, diversifying our economy and becoming less vulnerable to global volatility," she said.

15 May 2014

Chile Plans to Build New LNG Terminal

President Michelle Bachelet said on Thursday that Chile would build a new liquefied natural gas terminal in the country's central-south region. State oil company Empresa Nacional del Petroleo (ENAP) will participate in the future construction, she said. (Reporting by Santiago bureau, Editing by Franklin Paul)

05 Apr 2007

Panama Canal Authority Board Publishes Toll Proposal

Panama Canal Authority The Board of Directors of the Panama Canal Authority (ACP) has published its proposal to restructure the Panama Canal's pricing system and certain regulations. On February 2, 2007, the ACP announced its desire to move toward a charge that accurately reflects the commercial value of the service and route. After a 30-day public consultation period, the ACP conducted a hearing on March 14. The proposal announced today has been slightly modified from the February proposal: At the request of the industry, implementation of the new charges has been postponed from May 2007 to July 2007. Due to this modification, the ACP today is reopening the issue for public comment and will consider additional input, suggestions and feedback from interested parties over the next 15 days.