Thursday, October 18, 2007

Unquenched thirst

The all important quest was and has always been the unquenched thirst or, for that matter, unflinching greed driven by the profit-seeking multinational companies. And at the receiving end then, has been the environment. Bush hates environment, but he has practical reasons for that, which are camouflaged in the unending control that multinationals have over the decision-making process of his administration. For example, Bush’s solution for controlling the rising energy bills of the Americans is to drill more oil from Arctic National Wildlife Refuge in north- east Alaska (which is an environmental nightmare!). Bush’s reasoning for enhanced supply is to help the consumers. But his dubious association with the US oil lobby suggests that the glib talk about not controlling the demand for energy is aimed at promoting the interests of his election fund raisers. And nothing proves this better than Exxon Mobil’s penchant to fund those who oppose climate change issues. Incidentally, the US is the maximum polluter in the world, accounting for around 34% of global emissions.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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