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”.
Just as China took a moment to enjoy Washington and Tokyo’s discomfort over Europe’s biggest economies declaring in favour of a new Chinese-led Asian investment bank, Washington and Tokyo took a moment to caution joiners to beware of governance standards. We say: beware of multilateral development banks in general.
Media sources in India are following the Canadian government’s investigation of SNC-Lavalin with great interest.
New research provides more evidence that foreign aid undermines good governance.
China’s new environmental protection law is not enough without robust implementation mechanisms, accountability regimes and institutional arrangements. This report for the science journal Nature identifies four gaps that will cause challenges for the new law.
Read in full Patricia Adams’ closing address to the International Symposium on China’s Environmental Crisis: Is There a Way Out? A resounding “Yes!” says Ms. Adams. “Give power to the people”.
Ukraine’s national news agency, Ukrinform, asked Probe International’s Patricia Adams to weigh in on Ukraine’s multibillion-dollar debt to Russia and whether Ukraine could challenge the enforceability of the US$3 billion Eurobond using an odious debts argument.
Argentineans would not need to suffer if assets hidden from creditors could be recovered.