What is most shocking is the astonishing network of interests that Dr Pachauri has built around the world (see info-graphic). He is on the boards of various companies, NGOs, institutions and banks. As a chairman of IPCC, this certainly creates conflicts of interest. He had been member of the Board of Directors of IOC, ONGC and power company NTPC, which are India’s largest public sector companies. They contribute to the increasing carbon footprint of the country. Pachauri-led TERI also floated OTBL (an ONGC-TERI joint venture company). Pachauri said, “I have made my position very clear already. The decision was taken at the behest of ONGC itself. I wasn’t even present in the board meeting in which this decision was taken.”
Pachauri has interests in several companies and organisations that either benefit from the global scramble to counter climate change or are actively involved in businesses that have giant carbon footprints. He established an oil company in the US, GloriOil, which is in the business of exploiting fossil fuels for profit.
Moreover, Pachauri never divulges anything about the Tata group’s role in TERI. In fact, TERI says through a press release that Tata group has no relationship with it. This disregards the fact that TERI was known as Tata Energy Research Institute till sometime back. And of course, TERI was founded by Tata chemicals – this is a fact TERI now accepts.
Former minister for petroleum and natural gas Santosh Gangwar had complained in writing about TERI getting into a joint venture with ONGC even when Pachauri was on the board of the public sector company.
TERI was the preferred bidder for Kuwaiti contracts to clean up the mess left behind by Saddam Hussein in the country’s oilfields. The $3 billion contracts were awarded by the UN. Pachauri has also been appointed the head of Yale University’s Climate and Energy Institute, which receives millions of dollars in US state and corporate funding. Interestingly, none of these organisations publish data related to remunerations paid to Pachauri.
Pachauri has interests in several companies and organisations that either benefit from the global scramble to counter climate change or are actively involved in businesses that have giant carbon footprints. He established an oil company in the US, GloriOil, which is in the business of exploiting fossil fuels for profit.
Moreover, Pachauri never divulges anything about the Tata group’s role in TERI. In fact, TERI says through a press release that Tata group has no relationship with it. This disregards the fact that TERI was known as Tata Energy Research Institute till sometime back. And of course, TERI was founded by Tata chemicals – this is a fact TERI now accepts.
Former minister for petroleum and natural gas Santosh Gangwar had complained in writing about TERI getting into a joint venture with ONGC even when Pachauri was on the board of the public sector company.
TERI was the preferred bidder for Kuwaiti contracts to clean up the mess left behind by Saddam Hussein in the country’s oilfields. The $3 billion contracts were awarded by the UN. Pachauri has also been appointed the head of Yale University’s Climate and Energy Institute, which receives millions of dollars in US state and corporate funding. Interestingly, none of these organisations publish data related to remunerations paid to Pachauri.
Read these article :-
No comments:
Post a Comment