Skip to comments.TATA Group: U.N. Climate Chief Cashes In On Carbon. Guess Who Came To Obama’s State Dinner?
Posted on 12/12/2009 6:26:37 PM PST by opentalk
YOU WILL NEVER GUESS WHO WAS A GUEST AT OBAMAs FIRST STATE DINNER ..
Mr. Ratan Tata [The chairman of the Tata Group - India's biggest conglomerate]
A story emerging out of Britain suggests follow the money may explain the enthusiasm of the United Nations to pursue caps on carbon emissions, despite doubts surfacing in the scientific community about the validity of the underlying global warming hypothesis.
A Mumbai-based Indian multinational conglomerate with business ties to Rajendra K. Pachauri, the chairman since 2002 of the U.N. Intergovernmental Panel on Climate Change, or IPCC, stands to make several hundred million dollars in European Union carbon credits simply by closing a steel production facility in Britain with the loss of 1,700 jobs.
The Tata Group headquartered in Mumbai anticipates anticipates receiving windfall profits of up to nearly $2 billion from closing the Corus Redcar steelmaking plant in Britain, with about half of the savings expected to result from cashing in on carbon credits granted the steelmaker by the European Union under the EU's emissions trading scheme, or ETS.
....How does the closing of a steelmaker in Britain tie to the chairman of the U.N.s global warming science committee?
In 1974, the TATA Group provided the financial resources to found the Tata Energy Research Institute, or TERI, a policy organization headquartered in New Dehli, India, of which Pachauri has been chairman since the group was formed.
As they say follow the money .
1. On Dec. 10, 2007, Pachauri shared with Al Gore the Nobel Peace Prize for his work on global warming. Pachauri tied to U.N. IPCC. Al Gore tied to Maurice Strong and both are tied to the Chicago Climate Exchange.
2. In 1974, the TATA Group provided the financial resources to found the Tata Energy Research Institute, or TERI, a policy organization headquartered in New Dehli, India, of which Pachauri has been chairman since the group was formed.
3. Obama has as a guest at his first State Dinner:
Mr. Ratan Tata
The chairman of the Tata Group Indias biggest conglomerate
4. Mr. Ratan Tata joins as Foundation Board of Trustees for X Prize: Arianna Huffington (the main leftist mouth piece for Obama: Huffington Post) just so happens to be on the same board.
5. Mr. Tata just so happens to be connected to GEORGE SOROS: Haldia Petrochemicals Limited (HPL) is a joint venture company of WBIDC (West Bengal Industrial Development Corporation, a West Bengal Government-owned entity), the Chatterjee-Soros Group (USA) and the Tata Group (one of Indias leading business group), with WBIDC holding 43%, the Chatterjee-Soros Group 43% and and the remaining 14% being held by the Tata Group.
FOLLOW THE MONEY.
Duping the Worlds masses to think Climate Change is real? Or is it to line the pockets of the deceptors?
Hillary & Huma spent quite a lot of time with Tata.
And it took media and the liberals NO time when the Bush administration refused to bail out ENRON to necklace ENRON around President Bush as his best friend. ENRON’s failure now looks like a fly speck in the grand scheming of things.
Yeah, it gives a whole new meaning to the the t-shirt that says “Save the Tatas.” LOL!
Clinton's agenda encompasses everything from reining in climate change and promoting economic growth to advancing nuclear and defence deals potentially worth tens of billions of dollars to U.S. companies. Reuters (July 18 2009)
Were they bodacious?
It was an Indian company that-the same day or so- bought the telecom that the Democrats used to call their people in Nov 2000 to get them to claim they meant to vote for Al Gore but voted for Pat Buchanan by mistake, and other such nonsense. As soons as their calls were made the telecom folded up and disappeared with all their records and books.
This weird story can only be bought by people who are ignorant about the Tatas. The holding company of the Tatas is 66% held by charities. They spend more on social causes than most companies in the world.Conspiracy theories doesn’t get more absurd than this.
Kalinganagar, Orissa On January 2, 2006, policemen at Kalinganagar, Orissa, opened fire at a crowd of tribal villagers. The villagers were protesting the construction of a compound wall on land historically owned by them, for a Tata steel plant. Some of the corpses were returned to the families in a mutilated condition. When pushed for comment, TATA officials said the incident was unfortunate but that it would continue with its plans to set up the plant.
 Dow Chemicals, Bhopal Gas Disaster In November 2006, survivors of the Bhopal gas disaster were outraged by Ratan Tatas offer to bail out Union Carbide and facilitate investments by Carbides new owner Dow Chemical. Tata had proposed leading a charitable effort to clean-up the toxic wastes abandoned by Carbide in Bhopal. At a time when the Government of India has held Dow Chemical liable for the clean-up and requested Rs. 100 crores from the American MNC, survivors groups felt that Tatas offer was aimed at frustrating legal efforts to hold the company liable, and motivated by a desire to facilitate Dows investments in India.
 Supplies to Burmas military regime TATA Motors reported deals to supply hardware and automobiles to Burmas oppressive and anti-democratic military junta has come in for criticism from human rights and democracy activists. In December 2006, Gen. Thura Shwe Mann, Myanmars chief of general staff visited the Tata Motors plant in Pune. ["Myanmar Ties." December 8, 2006. The Telegraph, Calcutta, India]. In 2009, TATA Motors announced that it would press ahead with plans to manufacture trucks in Myanmar.,
 Land acquisition in Singur The Singur controversy in West Bengal led to further questions over TATAs social record, with protests by local villagers and some political parties over forcible eviction and inadequate compensation to those being displaced for the TATA Nano plant. As the protests gathered steam, and despite having the support of the ruling CPI(M) government, TATA eventually pulled the project out of the state of West Bengal, citing safety concerns. The Singur controversy was one of the few occasions when Ratan Tata was forced to publicly address criticisms and concerns on any environmental or social issue.
 Dhamra Port On the environmental front, the Dhamra port controversy has received significant coverage, both within India and in Tatas emerging global markets. (India Tata in troubled waters, Ethical Corporation, November 2007, London, UK) The Dhamra port, a venture between TATA Steel and Larsen & Toubro, has come in for criticism for its proximity to the Gahirmatha Sanctuary and Bitharkanika National Park, from Indian and international organizations, including Greenpeace. Gahirmatha is one of the worlds largest mass nesting sites for the olive ridley turtle and Bitharkanika is a designated Ramsar site and Indias second largest mangrove forest. TATA officials have denied that the port poses an ecological threat, and stated that mitigation measures are being employed with the advice of the IUCN.
Most of the criticisms are less to do with the Tatas and more to do with the state government concerned since it is they who acquire the land for all industrial projects. As per your post TERI was set up in 1974 much before this amount of concern of climate change existed. Surely you aren’t charging the Tatas with being great astrologers too. A company this size is never going to be free of criticism but it is not for nothing that they are India’s most respected business group.