Archive for October, 2009

October 20th, 2009

Should India agree to reduce carbon emissions?

Posted by: Reuters Staff

The Indian government has reiterated its refusal to reduce carbon emissions under any new global deal to fight climate change.

Carbon emissionsThe Times of India reported this week that Environment Minister Jairam Ramesh wrote to Prime Minister Manmohan Singh urging him to accept curbs on India’s rising carbon emissions without insisting they should hinge on new finance and technology from rich nations.

While such a possibility was seen by Western negotiators as potentially helping in getting agreement on a global deal in Copenhagen in December, Ramesh was accused in the Indian media and by opposition political parties of hurting the interests of India.

But Ramesh said on Tuesday India was not going to accept internationally legally binding emission reduction targets, though it was prepared to discuss and make public periodically the status of its domestic climate action.

Should India agree to reduce carbon emissions under a global deal to fight climate change? Or should it ask rich nations to fulfil their commitment to give developing countries finance and technology to fight climate change?

October 12th, 2009

Is an end in sight for the Reliance dispute?

Posted by: Aditya Kalra

File photo of Anil and Mukesh AmbaniThe feud between the billionaire Ambani brothers became public in 2004, and still drags on.

On Sunday, Anil Ambani issued a statement expressing his willingness to end the bitter feud with elder brother Mukesh.

Anil Ambani has taken the support of the media to convey his side of the story.

Through a series of front-page advertisements in major Indian newspapers, Anil recently accused the Petroleum Ministry of taking the side of Reliance Industries.

Earlier in July, he used an annual shareholders’ meeting to lay into his elder brother and the government.

Reliance Industries has welcomed the move by Anil, but said the dispute under litigation was not merely a family matter and hoped “any overtures for rapprochement are in no way related to the ongoing hearing of the case”.

Media reports say Mukesh’s Reliance Industries may not trust Anil’s word after their recent media campaign.

Are you surprised by Anil’s move? Do you think it can help put an end to the Reliance corporate battle?