Roger L. Simon
Pajamas Media
1/10/2010
…Anyway, moving along to the real story (money), the invaluable Watts Up With That has been covering the revelations surrounding UN IPCC Chief Rajendra Pachauri that were originally made public by Christopher Booker and Dr. Richard North of EU Referendum.
What has also almost entirely escaped attention, however, is how Dr Pachauri has established an astonishing worldwide portfolio of business interests with bodies which have been investing billions of dollars in organisations dependent on the IPCC’s policy recommendations.
These outfits include banks, oil and energy companies and investment funds heavily involved in ‘carbon trading’ and ‘sustainable technologies’, which together make up the fastest-growing commodity market in the world, estimated soon to be worth trillions of dollars a year.
The fastest growing commodity market in the world? Why didn’t my broker tell me? Meanwhile it appears the Pachauri story is metastasizing back in India. From India Today:
During his tenure, first as director from 1982, and then as director-general of The Energy Research Institute (TERI) since 2001, Pachauri was a member of the boards of the Oil and Natural Gas Commission (ONGC), Indian Oil Corporation (IOC) and National Thermal Power Corporation (NTPC), three of India’s biggest public sector energy companies, all of whom by the very nature of their business contribute heavily to greenhouse gas emissions. These emissions, according to the IPCC, are adding to the country’s growing carbon footprint and hastening climate change.
TERI, in fact, entered into business dealings with these companies and allegedly benefitted from Pachauri’s association with them.
Or, as Watts Up With That puts it so succinctly, “Follow the money, not the temperature.” Your turn, Mr. Coren.
Mr. Simon’s entire article is at Pajamas Media
