Friday, December 18, 2009

A Crisis in the Making

BBC News (Webpage, posted today) reported that leaders have gathered for the final scheduled day of the UN climate summit, amid uncertainty over the shape of any eventual deal.

Achim Steiner, director of the UN Environment Programme (UNEP), told BBC News: "Only the heads of state can bring this summit to a successful conclusion." He added: "But the summit as of this morning is a summit in crisis."

The stark message for world leaders at Copenhagen is that the proposals on the table – especially from industrialized countries – fall far short of what the world needs," said Keith Allott, head of climate change for WWF in Britain.

Even Barrack Obama acknowledged the importance of reaching a consensus. "This is not fiction, this is science. Unchecked, climate change will pose unacceptable risks to our security, our economies, and our planet". The US President has called on world leaders to come together at the UN climate summit as time runs out on a deal.

Sometime last week, I wrote about Tengku Razaleigh’s complaint that Malaysia had squandered her oil wealth. To give readers an appreciation of how our petrodollars are being depleted and diminished – on your left, you can find a summary of where Petronas’ funds were siphoned to.

We don’t have to think very hard as to the identity of the Prime Minister who gave his approval to these mega-projects and bailouts.
Extracted from weblog, posted December 12, 2009

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