Pachauri - eating away at the civilization

Indian media caught with it's pants and panties down again.Firangs(foreigners) doing the job they should.

I don't know why but  Rajendra Pachauri has a demi-god status among the media types here.The few times I have seen him on Indian T.V, the anchors(I remember well the expression on Prannoy Roy and Vikram Chandra's faces, both of NDTV) behave as if they are just about to tipple over, fall at his feet and say-
"Sirjee, joote polish kar doon?" (Won't you let me polish your shoes, sir?)




I'm glad that the Daily Telegraph is not in such a masochist mode. It has an article today by Christopher Booker and Richard North(of EUreferendum) on the amazing(really amazing) conflicts of interest of Dr.Doom-

Apart from the infamous TATA-Corus-1700 jobs lost connection(which, again, foreigners had to discover and report), it has much more. Eye-opening stuff for those in awe of Pachauri. Excerpts-

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Although Dr Pachauri is often presented as a scientist (he was even once described by the BBC as “the world’s top climate scientist”), as a former railway engineer with a PhD in economics he has no qualifications in climate science at all.



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.

Today, in addition to his role as chairman of the IPCC, Dr Pachauri occupies more than a score of such posts, acting as director or adviser to many of the bodies which play a leading role in what has become known as the international ‘climate industry’.

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Initially, when Dr Pachauri took over the running of TERI in the 1980s, his interests centred on the oil and coal industries, which may now seem odd for a man who has since become best known for his opposition to fossil fuels. He was, for instance, a director until 2003 of India(sic-Indian) Oil, the country’s largest commercial enterprise, and until this year remained as a director of the National Thermal Power Generating Corporation, its largest electricity producer.

In 2005, he set up GloriOil, a Texas firm specialising in technology which allows the last remaining reserves to be extracted from oilfields otherwise at the end of their useful life.

However, since Pachauri became a vice-chairman of the IPCC in 1997, TERI has vastly expanded its interest in every kind of renewable or sustainable technology, in many of which the various divisions of the Tata Group have also become heavily involved, such as its project to invest $1.5 billion (£930 million) in vast wind farms.

Dr Pachauri’s TERI empire has also extended worldwide, with branches in the US, the EU and several countries in Asia. TERI Europe, based in London, of which he is a trustee (along with Sir John Houghton, one of the key players in the early days of the IPCC and formerly head of the UK Met Office) is currently running a project on bio-energy, financed by the EU.

Another project, co-financed by our own Department of Environment, Food and Rural Affairs and the German insurance firm Munich Re, is studying how India’s insurance industry, including Tata, can benefit from exploiting the supposed risks of exposure to climate change. Quite why Defra and UK taxpayers should fund a project to increase the profits of Indian insurance firms is not explained.

Even odder is the role of TERI’s Washington-based North American offshoot, a non-profit organisation, of which Dr Pachauri is president. Conveniently sited on Pennsylvania Avenue, midway between the White House and the Capitol, this body unashamedly sets out its stall as a lobbying organisation, to “sensitise decision-makers in North America to developing countries’ concerns about energy and the environment”.

TERI-NA is funded by a galaxy of official and corporate sponsors, including four branches of the UN bureaucracy; four US government agencies; oil giants such as Amoco; two of the leading US defence contractors; Monsanto, the world’s largest GM producer; the WWF (the environmentalist campaigning group which derives much of its own funding from the EU) and two world leaders in the international ‘carbon market’, between them managing more than $1 trillion (£620 billion) worth of assets.

All of this is doubtless useful to the interests of Tata back in India, which is heavily involved not just in bio-energy, renewables and insurance but also in ‘carbon trading’, the worldwide market in buying and selling the right to emit CO2. Much of this is administered at a profit by the UN under the Clean Development Mechanism (CDM) set up under the Kyoto Protocol, which the Copenhagen treaty was designed to replace with an even more lucrative successor.

Under the CDM, firms and consumers in the developed world pay for the right to exceed their ‘carbon limits’ by buying certificates from those firms in countries such as India and China which rack up ‘carbon credits’ for every renewable energy source they develop – or by showing that they have in some way reduced their own ‘carbon emissions’.

It is one of these deals, reported in last week’s Sunday Telegraph, which is enabling Tata to transfer three million tonnes of steel production from its Corus plant in Redcar to a new plant in Orissa, thus gaining a potential £1.2 billion in ‘carbon credits’ (and putting 1,700 people on Teesside out of work).

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But this is peanuts compared to the numerous other posts to which Dr Pachauri has been appointed in the years since the UN chose him to become the world’s top ‘climate-change official’.

In 2007, for instance, he was appointed to the advisory board of Siderian, a San Francisco-based venture capital firm specialising in ‘sustainable technologies’, where he was expected to provide the Fund with ‘access, standing and industrial exposure at the highest level’,

In 2008 he was made an adviser on renewable and sustainable energy to the Credit Suisse bank and the Rockefeller Foundation. He joined the board of the Nordic Glitnir Bank, as it launched its Sustainable Future Fund, looking to raise funding of £4 billion. He became chairman of the Indochina Sustainable Infrastructure Fund, whose CEO was confident it could soon raise £100 billion.

In the same year he became a director of the International Risk Governance Council in Geneva, set up by EDF and E.On, two of Europe’s largest electricity firms, to promote ‘bio-energy’. This year Dr Pachauri joined the New York investment fund Pegasus as a ‘strategic adviser’, and was made chairman of the advisory board to the Asian Development Bank, strongly supportive of CDM trading, whose CEO warned that failure to agree a treaty at Copenhagen would lead to a collapse of the carbon market.
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As a vegetarian Hindu, Dr Pachauri repeated his call for the world to eat less meat to cut down on methane emissions (as usual he made no mention of what was to be done about India’s 400 million sacred cows). He further called for a ban on serving ice in restaurants and for meters to be fitted to all hotel rooms, so that guests could be charged a carbon tax on their use of heating and air-conditioning.

One subject the talkative Dr Pachauri remains silent on, however, is how much money he is paid for all these important posts, which must run into millions of dollars. Not one of the bodies for which he works publishes his salary or fees, and this notably includes the UN, which refuses to reveal how much we all pay him as one of its most senior officials.

As for TERI itself, Dr Pachauri’s main job for nearly 30 years, it is so coy about money that it does not even publish its accounts – the financial statement amounts to two income and expenditure pie charts which contain no detailed figures.

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But whether those 1,700 Corus workers on Teesside will next month be so happy to lose their jobs to India, thanks to the workings of that international ‘carbon market’ about which Dr Pachauri is so enthusiastic, is quite another matter.

Wow! What a global web of influence this spider weaves.Like a seepage that keeps spreading over time and eventually destroys a building, I'm afraid Pachauri is playing the same role with respect to the industrial civilization.

There is much more.Go read the whole damn thing and weep over the fallen panties of the Indian media.