Search This Blog

Tuesday, December 15, 2009

Following the money in the Global Warming industry

It seems that it isn't just Al Gore who's getting rich off the global warming scam.

Our friendly part-time chairman of the IPCC, Dr Rajendra Kumar Pachauri, is quite a remarkable man. As well as his onerous post with the UN's IPCC, it seems he has a considerable number of other interests.

Dr Pachauri's main day job is, of course, Director-General of The Energy Research Institute (TERI) - which he has held since April 2001, having become its Director and head in 1981 when it was the Tata Energy Research Institute.

Intriguingly, for such an upstanding public servant though, he is also a strategic advisor to the private equity investment firm Pegasus Capital Advisors LP, which he became in February of this year. However, this is by no means Dr Pachauri's only foray into the world of finance. In December 2007, be became a member of the Senior Advisory Board of Siderian ventures based in San Francisco.

This is a venture capital business owned by the Dutch multinational business incubator and operator in sustainable technology, Tendris Holding, itself part-owned by electronics giant Philips. It acquired a minority interest in January 2009 in order to "explore new business opportunities in the area of sustainability." As a member of the Senior Advisory Board of Siderian, Dr Pachauri is expected to provide the Fund and its portfolio companies "with access, standing and industry exposure at the highest level."

In June 2008, Dr Pachauri became a member of the Board of the Nordic bank Glitnir, which that year launched the The Sustainable Future Fund, Iceland, a new savings account "designed to help the environment." Then, the fund was expected to accumulate up to €4 billion within a few years, thus becoming one of the largest private funds supporting research into sustainable development. That same month of June 2008, Dr Pachauri also became Chairman of the Indochina Sustainable Infrastructure Fund. Under its CEO Rick Mayo Smith, it was looking to raise at least $100 billion from the private sector.

The previous April 2008 was also a busy month. Dr Pachauri joined the Board of the Credit Suisse Research Institute, Zurich and became a member of the Advisory Group for the Rockefeller Foundation, USA. Then, in May he became a member of the Board of the International Risk Governance Council in Geneva. This, despite its name, is primarily concerned with the promotion of bioenergy, drawing funding from electricity giants EON and EDF. But, not content with that, Dr Pachauri also became Chairman and Member of the Advisory Group at the Asian Development Bank that May.

Dr Pachauri also keeps some ties with his roots. In his capacity as a former railway engineer, he is a member of the Policy Advisory Panel for the French national railway system, SNCF and has been since April 2007. Long before that, Dr Pachauri became the President of the Asian Energy Institute, a position he took on in 1992.

One of his most interesting - and possibly contentious - positions, however, is his previous directorship with and current post as "scientific advisor" to GloriOil Limited. This is a company he set up himself in late 2005 - two years after he had become chairman of the IPCC. He is described as its "founder". It was set up in Houston, Texas, to exploit patented processes developed by TERI - of which Pachauri is Director-General - known as "microbial enhanced oil recovery" (MEOR), designed to improve the production of mature oilfields. It now has annual revenues of $2.5 to 5 million.

A few eyebrows were raised in June 2007 when Kleiner Perkins, the Silicon Valley venture capital firm that preaches the need to invest in green technologies and reduce global warming, invested in GloriOil.

Here are a couple of Pachauri's other ventures:

Institute for Global Environmental Strategies,
Chicago Climate Exchange, Inc
FEOP (Far East Oil Price) Advisory Board
Climate Change Advisory Board of Deutsche Bank AG
NTPC Ltd (National Thermal Power Corp)
Director of the Indian Oil Corporation
Gail India Ltd, India's largest natural gas transportation company
Member of National Environmental Council, Government of India
International Solar Energy Society
World Resources Institute
World Energy Council
Economic Advisory Council to the Prime Minister of India
Oil Industry Restructuring Group
Senior Visiting Fellow of Resource Systems Institute, East - West Center, USA
Visiting Research Fellow at The World Bank, Washington, DC
McCluskey Fellow at the Yale School of Forestry & Environmental Studies, Yale University.

He's one busy fellow ... and well compensated too.

There is more, much more on the subject of people getting rich by pushing global warming. This does not, of course, mean that global warming does not exist, but it's fair to point out that if it did not exist a lot of people would give up a lot of lucrative positions and lose a lot of money. And not the just the researchers who are pulling in millions a year to their labs to study this issue. Keep that in mind when global warmers in the press and the scientific community tell us that it's the "evil oil companies" who have a vested interest in denying that man is causing global warming.

As an aside, this information WILL NOT be printed in the Virginian Pilot. You have no need to know. In fact, the global warmers demand the Return of Censors. Their lives were much simpler when the gatekeepers kept you away from information you did not need to know.


Anonymous said...

you have a nice site. thanks for sharing this site. keep it up. you can also earn money from here

Unknown said...

There are some thin if the legitimate work as a line there. Most are sites and marketing study for the site owner rich, not you. The only thing is true legitimacy Ebay, selling things you already own
4. Many companies all over the world need your opinions on their products. They will send you a simple online survey forms, where you need to fill it out and they pay you money.

The most remarkable thing about this paid survey program is that anyone can make money with it.
It doesn't require any special skills, training, education or previous business experience. You only need access to the Internet and basic typing skills.
It is the perfect home business for stay at home moms, students, home makers, retirees or anyone that is in need of some extra cash.

Anonymous said...

There are some thin if the legitimate work as a line there. Most are sites and marketing study for the site owner rich, not you. The only thing is true legitimacy Ebay, selling things you already own

Roopa said...

If You Are Tired of Wasting All Your Money on Online Advertising for Your Websites… “Discover the Proven and Simple Methods Used By the Pros to Get 100% Free Online Advertising Traffic Your Website!” It does not matter if your looking for just a couple of hundred extra hits a month or to pump your website full of as much traffic as you possibly.