AGP Executive Report
Last update: 11 hours agoSea Lion Oil Dispute: At hearings in Hamburg, the UK argued that blocking the Falklands’ Sea Lion project would cost the Islands billions, while Argentina sought an order to suspend exploration, citing sovereignty and environmental concerns. Rockhopper and Navitas plan first oil in 2028. Climate Finance: A new study has identified five potential funding routes for overseas territories’ climate projects, including work on energy, food production and coastal resilience—priorities for the Falklands as well as other islands. Business Support: The Falkland Islands Executive Council approved loan funding for small and medium-sized businesses and the hydrocarbons industry, to be distributed through the Development Corporation. FIGAS Fleet: The new Islander aircraft has arrived, adding to the fleet that provides passenger, freight, medical and monitoring services across the Islands.
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