December 14, 2009

CONFLICTS OF INTEREST at the IPCC? “Seek and ye will find. Our friendly part-time chairman of the IPCC, Dr Rajendra Kumar Pachauri, is quite a remarkable man. As well as his onerous post with the UN’s IPCC, it seems he has a considerable number of other interests. . . . Intriguingly, for such an upstanding public servant though, he is also a strategic advisor to the private equity investment firm Pegasus Capital Advisors LP, which he became in February of this year. However, this is by no means Dr Pachauri’s only foray into the world of finance. In December 2007, be became a member of the Senior Advisory Board of Siderian ventures based in San Francisco. This is a venture capital business owned by the Dutch multinational business incubator and operator in sustainable technology, Tendris Holding, itself part-owned by electronics giant Philips. It acquired a minority interest in January 2009 in order to ‘explore new business opportunities in the area of sustainability.’ As a member of the Senior Advisory Board of Siderian, Dr Pachauri is expected to provide the Fund and its portfolio companies ‘with access, standing and industry exposure at the highest level.'”

Access at the highest level, indeed.

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