China expands its corruption crackdown beyond public sector “tigers” and “flies” to include private sector executives and even university officials.
The United States’ Kleptocracy initiative is aimed at holding foreign government officials to account and preventing them from using the U.S. as a haven for money looted from their own countries. Although solid wins are rare, tying up a corrupt foreign leader’s money in the courts is seen as a victory, writes Leslie Wayne for The New York Times.
The Africa Report looks at Mozambique’s economic crisis — a crisis that has still to reach its peak.
Cutting CO2 emissions and economic growth are incompatible. The Chinese know it, whatever they said and signed in Paris. This article for the South African Independent Newspapers group highlights the recent Probe International study “The Truth about China” by Patricia Adams.
After 14 long years, the state government has made its first move to blacklist the SNC-Lavalin company by issuing show-cause notices to it.
So far, all the pledges from all the countries put together would scarcely budge the needle on the great big global thermostat. This opinion piece for the Globe and Mail quotes Probe International’s new study on China’s climate policy and energy needs.
Deferred prosecution agreements that let companies pay fines for wrongdoing could backfire by encouraging repeat criminality. Probe International’s Patricia Adams for the National Post.
DPAs were virtually unheard of in business settings prior to 2004, but their growing popularity in the U.S. is now being felt in Canada with SNC-Lavalin lobbying the Liberal government to have its fate determined by a DPA, rather than the criminal trial the Harper government pursued.
Patricia Adams, an economist with Probe International, says China will not live up to global CO2 emission standards. Commodities host, Andrew Bell , for Business News Network (BNN), interviews Adams after the release of her new report, The Truth About China, today.
China’s Communist party won’t curb the country’s CO2 emissions – doing so could lead to their overthrow.
China won’t commit to curbing its fossil fuel use; instead, it will squeeze the West for billions in climate subsidies. That’s the conclusion of a study released today by economist Patricia Adams of Toronto-based Probe International for U.K.-based Global Warming Policy Foundation.
Driven by the need for clean energy in its war on pollution and further accelerated by worldwide global warming fears, China is set to resume plans for a nuclear renaissance that has many sounding an alarm over safety concerns.
China considers new law aimed at crackdown on foreign NGO operations and funding of activities feared threatening to Communist rule. Probe International, named as one of several international foundations in a recent criminal investigation, told the New York Times: “From our perspective in Canada, it is perplexing that such activities [researching and writing articles and reports, and giving university lectures] would be considered illegal.”
Things are looking less sour for graft-tainted engineering giant SNC-Lavalin, which received a boost Monday when an analyst upgraded his rating and price estimate for the company’s stock following changes to the federal government’s procurement policy, announced in last week’s budget.
Former IMF chief economist Kenneth Rogoff says “far too little attention has been devoted to understanding why multilateral development lending has so often failed”. In his experience, MDBs are most valuable as “knowledge” banks — sharing soft development infrastructure such as experience and best practices rather than financial muscle. The latter, he says, has led to their “greatest failures”.