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Rajendra Pachauri, Al Gore, and Conflicts of Interest

It looks like Al Gore, with his lucrative carbon offset schemes, isn’t the only one who may be benefitting from the “climate industry” – IPPC Chairman and former railway engineer Rajendra Pachauri (Ph.D. in Industrial Engineering and Economics) seems to have some interesting and potentially lucrative “climate industry” links of his own:

Today, in addition to his role as chairman of the IPCC, Dr Pachauri occupies more than a score of such posts, acting as director or adviser to many of the bodies which play a leading role in what has become known as the international ‘climate industry’.

It is remarkable how only very recently has the staggering scale of Dr Pachauri’s links to so many of these concerns come to light, inevitably raising questions as to how the world’s leading ‘climate official’ can also be personally involved in so many organisations which stand to benefit from the IPCC’s recommendations…

Initially, when Dr Pachauri took over the running of TERI in the 1980s, his interests centred on the oil and coal industries, which may now seem odd for a man who has since become best known for his opposition to fossil fuels. He was, for instance, a director until 2003 of India Oil, the country’s largest commercial enterprise, and until this year remained as a director of the National Thermal Power Generating Corporation, its largest electricity producer.

In 2005, he set up GloriOil, a Texas firm specialising in technology which allows the last remaining reserves to be extracted from oilfields otherwise at the end of their useful life.

However, since Pachauri became a vice-chairman of the IPCC in 1997, TERI has vastly expanded its interest in every kind of renewable or sustainable technology, in many of which the various divisions of the Tata Group have also become heavily involved, such as its project to invest $1.5 billion (£930 million) in vast wind farms.

Dr Pachauri’s TERI empire has also extended worldwide, with branches in the US, the EU and several countries in Asia. TERI Europe, based in London, of which he is a trustee (along with Sir John Houghton, one of the key players in the early days of the IPCC and formerly head of the UK Met Office) is currently running a project on bio-energy, financed by the EU.

Another project, co-financed by our own Department of Environment, Food and Rural Affairs and the German insurance firm Munich Re, is studying how India’s insurance industry, including Tata, can benefit from exploiting the supposed risks of exposure to climate change. Quite why Defra and UK taxpayers should fund a project to increase the profits of Indian insurance firms is not explained.

Follow the money.  On the other hand, at least Mr. Pachauri didn’t take any money from Exxon – that might have called into question his scientific objectivity and the purity of his motives.

1 comment to Rajendra Pachauri, Al Gore, and Conflicts of Interest

  • Schiller Thurkettle

    People haven’t been following *this* money — not yet.

    At a March 31, 2009 event where the Skoll Foundation gave $750,000 to “Friends of the Earth Middle East”, Pachauri was on hand as “special guest, 2007 Nobel Peace Prize winner Dr. R. K. Pachauri.”

    A few days earlier, the Skoll Foundation announced $5.35 Million in Unrestricted Grants to “Provide Flexibility in Challenging Economic Environment.” And it described “special guest, chairman of the Nobel Prize-winning Intergovernmental Panel for Climate Change, Dr. Rajendra K. Pachauri.”

    And if you’ll look at list of Skoll grants in its 2008 annual report, you’ll see the money is going into business start-ups associated with global warming and side-issues.

    Perusing the first two articles, you’ll note the ties to “Friends of the Earth”, which is by far the wealthiest “green” European activist group. It’s funded by taxing Europeans, and its job is to push European policies at home and around the globe — where it has more foreign offices than *any* ‘green’ group whatsoever. The FOE has raised money-laundering to a high art and if Pachauri has even as little as this to do with the FOE, you’ll likely never find out where it all actually went.