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Carbon Boondoggles

(April 26, 2007) To reduce greenhouse-gas emissions, Canada’s federal government plans to push Canadian corporations into buying carbon credits under the so-called “Clean Development Mechanism” (CDM), a system established under the Kyoto Protocol by which companies in rich countries buy “rights to pollute” from companies in poor countries. The poor-country companies, in exchange, promise to give up their own greenhouse-gas producing activities.

New inquiry into BAE scandal

(April 20, 2007) A fresh investigation into the U.K.’s efforts to tackle bribery and corruption is to be carried out by a high-powered international team after the Organisation for Economic Co-operation and Development (OECD) expressed "serious concerns" about the British government’s decision to drop an inquiry into a huge arms deal between BAE Systems and Saudi Arabia, reports Michael Harrison for the Belfast Telegraph.

New illegitimate debt news source

(April 20, 2007) Debt campaigners CADTM, Eurodad, Jubilee South and Jubilee USA have jointly launched a new publication on illegitimate debt campaigns. The Illegitimate Debt Campaign Bulletin will focus on recent and forthcoming actions by activists in the worldwide campaign to end illegitimate debt in a bid to promote communication among groups and increase involvement. The bulletin will publish every two months. The first issue is available online now.

Internal Attack

(April 17, 2007) Since its creation in 1944, the World Bank has become the world’s leading architect of Third World corruption. In the Third World countries themselves, the World Bank has created hundreds of state-owned enterprises and then lavished them with money, requiring their officials to subject themselves neither to public oversight nor the bank’s own scrutiny. Among the Western suppliers to these corrupt state corporations, the bank awarded billions of dollars in contracts, again without public oversight or bank scrutiny, let alone market discipline.