Article

2005-03-05 Great White North

Montreal's Power Corp. caught up in biggest fiasco in UN history

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Posted by anonymous2u 2005-03-05 2:41:10 PM|| || Front Page|| [5 views since 2007-05-07] Top

#1 Check out the connection to Kyoto.
"But what is clear is that certain UN policies have been a boost to the value of the conglomerate. For one thing, the UN-created Kyoto Protocolâwhich was spearheaded by none other than Strong himself, born of the 1992 Rio Earth Summit, which he chairedâcould have significant potential benefits for Powerâs holdings in China. Through their subsidiary, CITIC Pacific Ltd., the Desmaraises own power-generating facilities, automobile concerns and myriad other industrial interests throughout the Communist nation. The fact that Kyotoâs framers deliberately created regulations that will hamstring exactly those sorts of businesses in the West by imposing limits on greenhouse gas production, but exempt China from those same limits, gives Power a competitive international advantage. Meanwhile, under the protocol, Chinese power plants will be able to sell clean air "credits," or allowances, to Western producers for cash. Some economists have predicted that Ottawa will buy credits as a way of meeting their Kyoto emissions targets."

Baptists and bootleggers

Posted by Larry 2005-03-05 9:33:35 PM|| 2005-03-05 9:33:35 PM|| Front Page Top

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