Showing posts with label credit suisse. Show all posts
Showing posts with label credit suisse. Show all posts

Wednesday, March 24, 2010

Pachauri's Opaque Moonlighting Critiqued by Figueres, of 2 Costa Ricans and the Alba Group, UNFCCC

By Matthew Russell Lee
www.innercitypress.com/fccc1figueres032210.html

UNITED NATIONS, March 22 -- The embattled chairman of the Inter-governmental Panel on Climate Change, Rajendra Pachauri, refuses to disclose how much money he makes from his simultaneousconsultancies with Deutsche Bank, Credit Suisse and other institutions. Now, a candidate to head the UN's Framework Convention on Climate Change, Christiana Figueres of Costa Rica, has announced she would cease all outside consulting if given the "full time and a half" post.

Inner City Press asked Ms. Figueres on Monday for her view of Pachauri's side business and other IPCC matters. "That would not be my choice," Ms. Figueres said, of Pachauri's side work for business. She also said diplomatically that "Doctor Pachauri I believe is at freedom to allocate his time as he sees fit." Video here, from Minute 27:18.

But shouldn't Pachauri at least be required to formally disclose who he works for on the side, and how much he gets paid? He has resisted even this.

Inner City Press asked Ban Ki-moon and his spokesman for the UN view on this lack of transparency. The answer was that the IPCC is not a UN body, and that Pachauri would answer the questions himself. But when he came to the UN, seeking to use Ban Ki-moon as a prop and character witness, neither took any questions from the press.

Ms. Figueres, the daughter of a former Costa Rican president, is viewed as a serious contender to replace Yvo de Boer, who is moving to KPMG (some are calling it cashing in). Inner City Press asked her if the recent appointment of another Costa Rican, Rebecca Grynspan, to the number two post at the UN Development Program might make it less likely she will get this job.

"It may be a stretch," Ms. Figueres agreed, that a country of four million people could get two high posts. India's candidate is said to also have the support of China.

Inner City Press asked Ms. Figueres about the opposition to the Copenhagen process by the five Latin American countries in the Alba Group. Surprisingly to some, Ms. Figueres responded that the Alba Group was "correct in the moment," that all now agree with them. An Alba Group-er afterwards said skeptically to Inner City Press, "Costa Rica never gets along with the Alba Group." Hey -- climate change bring everyone together...

And see, www.innercitypress.com/fccc1figueres032210.html

Sunday, January 3, 2010

As UN's Ban "Divides and Rules" G-77, Pachauri's Bank Links Unexamined

By Matthew Russell Lee
www.innercitypress.com/ipcc1pachauri122109.html

UNITED NATIONS, December 21 -- While most observers and even participants describe the Copenhagen global warming talks as a disappointment, UN Secretary General Ban Ki-moon on Monday told the Press that they "sealed the deal" and were a success.

Inner City Press asked Mr. Ban about the scandal erupting around the undisclosed business interests of the chairman of the UN's Intergovernmental Panel on Climate Change Rajendra Pachauri, from the Tata Group through Deutsche Bank to Credit Suisse, and about the criticism by the chairman of the Group of 77 and its now 130 member states.

Mr. Ban entirely dodged the first question, paradoxically using it as an opportunity to praise business. On the second, he asserted that the chairman of the Group of 77 was not, in fact, speaking for the Group, since others' of its members spoke more positively.

Moments later, Inner City Press asked Sudan's Ambassador to the UN about Mr. Ban's comments. "Divide and rule," he answered, calling the Copenhagen process "climate apartheid." This phrase steps back from his counterpart in Copenhagen who analogized it to the Holocaust.

Pachauri's conflicts of interest are extensive and emblematic of the UN's lack of transparency and safeguards.

As detailed in the Telegraph

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... This year Dr Pachauri joined the New York investment fund Pegasus as a ‘strategic adviser’... He is on the climate change advisory board of Deutsche Bank... 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.

So, notwithstanding the non-responsive answer Monday morning, does Mr. Ban believe that Pachauri should make public financial disclosure of these interests? Watch this site.

And see, www.innercitypress.com/ipcc1pachauri122109.html