Global leaders are in ‘same position as James Bond,’ UK PM says at COP26 address

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Updated 01 November 2021
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Global leaders are in ‘same position as James Bond,’ UK PM says at COP26 address

GLASGOW: UK prime minister Boris Johnson said global leaders were "in roughly the same position" as James Bond as he opened the leaders summit section of the UN Cop26 in Glasgow.

Johnson said that James Bond "generally comes to the climax of his highly lucrative films strapped to a doomsday device, desperately trying to work out which coloured wire to pull to turn it off, while a red digital clock ticks down remorselessly to a detonation that will end human life as we know it".

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He added: "We are in roughly the same position, my fellow global leaders, as James Bond today - except that the tragedy is this is not a movie and the doomsday device is real.The clock is ticking to the furious rhythm of hundreds of billions of pistons and furnaces and engines with which we are pumping carbon into the air faster and faster.”

Johnson continued: Johnson has urged world leaders not to "fluff our lines", warning that younger generations will "not forgive us".

He said: "Because if we fail, they will not forgive us - they will know that Glasgow was the historic turning point when history failed to turn. They will judge us with bitterness and with a resentment that eclipses any of the climate activists of today and they will be right. Cop26 will not and cannot be the end of the story on climate change."


QIA, Franklin Templeton launch $200m Qatar equity fund 

Updated 56 min 54 sec ago
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QIA, Franklin Templeton launch $200m Qatar equity fund 

RIYADH: Qatar’s sovereign wealth fund has teamed up with Franklin Templeton to launch a $200 million equity fund focused on the local stock market, part of efforts to deepen liquidity and attract institutional investors to Qatar’s capital markets. 

The Qatar Investment Authority and the US asset manager said the Franklin Templeton Qatar Equity Fund will operate as a day-traded mutual fund investing in companies listed on the Qatar Stock Exchange, according to the Qatar News Agency. 

The launch follows a series of recent global partnerships by QIA, including a preliminary deal with Goldman Sachs targeting up to $25 billion in investments, as Qatar pushes to diversify its economy and expand its financial sector.

Mohammed Saif Al-Sowaidi, CEO of QIA, said: “With the launch of Franklin Templeton Qatar Equity Fund, QIA is further expanding our Active Asset Management Initiative to support Qatar’s financial markets.”  

He added: “As one of the largest global asset managers, Franklin Templeton brings a wealth of experience and resources to QSE and the broader Qatari economy and we look forward to working closely together on this initiative.” 

The fund aims to give investors exposure to Qatar Stock Exchange-listed equities, allowing local and international institutions to access an actively managed portfolio in the domestic market, QNA reported. 

QIA is the fund’s lead investor, contributing cash and shares, underscoring its commitment to the Qatari stock market. The reallocation of QSE-listed shares is intended to support the domestic economy and enhance market liquidity, it added. 

Franklin Templeton manages about $1.68 trillion in assets as of Dec. 31, 2025, making it one of the world’s largest investment firms. 

“Through our partnership with QIA, we aim to contribute meaningfully to the continued development of the Qatari financial ecosystem. We see this collaboration as the beginning of a long-term strategic partnership and part of a broader, multi-asset collaboration between Franklin Templeton and QIA,” said Jenny Johnson, CEO of Franklin Templeton. 

The Franklin Templeton Qatar Equity Fund represents a key step in QIA’s active asset management strategy and highlights its partnership with Franklin Templeton in supporting Qatar’s capital markets through global investment expertise.