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Posted on on August 20th, 2010
by Pincas Jawetz (

erom: CCRIF <>
date Thu, Aug 19, 2010
subject Caribbean Economics of Climate Adaptation Study results released.

Please see attached press release regarding the publication of preliminary results of the study on the Economics of Climate Adaptation (ECA) in the Caribbean implemented by the Caribbean Catastrophe Risk Insurance Facility and regional partners.

The results for eight pilot countries (Anguilla, Antigua and Barbuda, Barbados, Bermuda, the Cayman Islands, Dominica, Jamaica, and St. Lucia) are presented in a short brochure entitled, Enhancing the climate risk and adaptation fact base for the Caribbean (Preliminary Results).

The brochure is available on the CCRIF website at

Caribbean Catastrophe Risk Insurance Facility (CCRIF)


Posted on on July 10th, 2010
by Pincas Jawetz (

Caribbean Catastrophe Risk Insurance Facility (CCRIF) hosts Regional Workshop on Economics of Climate Adaptation.

CCRIF has recently launched a project to produce a quantitative knowledge base for key climate change risks and adaptation strategies for decision making across the region, building on and contributing to the Review of the Economics of Climate Change (RECC) process. Caribbean Catastrophe Risk Insurance Facility (CCRIF) hosts RegionalWorkshop on Economics of Climate Adaptation On 12 and 13 May, over 50 representatives from Caribbean governments and international agencies met in Barbados to discuss the initial results from a recent investigation into the Economics of Climate Adaptation (ECA) in the Caribbean. This study, part of CCRIF’s technical assistance programme, will enhance the development of a fact base for developing sound climate change adaptation strategies in the region.

Since the launch of the project in February, a team composed of Caribbean Risk Managers on behalf of CCRIF, the Caribbean Community Climate Change Centre (5C’s) and other regional partners, has been intensely involved in data collection and

analysis for a number of countries with analytical support provided by McKinsey & Company and Swiss Re. The workshop, which was held at the Caribbean Development Bank, provided an introduction to the Economics of Climate Adaptation approach and its application in the Caribbean and focussed on sharing the findings of the study with the participants examining the key insights and results for wind, sea level rise/coastal flooding, inland flooding and salinisation of groundwater.

The final outputs of this study will include a risk baseline which will provide transparency about current and future expected
losses from climate risks under three climate change scenarios; and assessment of adaptation measures – identification of feasible and applicable measures to adapt to the expected risks based on quantitative analysis of total cost and expected benefits of risk mitigation and transfer measures.

The results of the study will assist decision makers throughout the Caribbean region in defining and developing sound adaptation strategies and business cases which can be incorporated into national development plans. The recent Climate Change Conference in Copenhagen reconfirmed the commitment to provide funding and technical assistance for climate adaptation
to developing countries. The ECA study will help Caribbean leaders develop programmes that will be strong candidates for adaptation assistance.

The innovation of the ECA methodology lies in its positioning across different knowledge sectors, spanning climate science, the financial industry and economic research. The analysis is based on joining four main elements:
1. Climate change scenarios based on the most recent available scientific evidence.
2. Hazard models forecasting the occurrence of hurricanes or other damaging events.
3. Economic damage functions linking the intensity of events to economic impact.
4. Value distribution models describing each country’s economic and population exposure to hazards in a granular, precise way.

Hurricanes can be dangerous, listening to the hurricane warning messages and planning ahead can reduce the chances of injury or major property damage.
Know your Emergency Shelters Contact the National Disaster Office for the closest shelters. Have disaster supplies on hand
Flashlight and extra batteries; Portable, battery-operated radio and extra batteries; First aid kit; Non-perishable (canned food) and water; Non-electric can opener; Essential medicines; Cash and
credit cards; Sturdy shoes Protect your windows: Permanent shutters are the best protection. A lower-cost approach is to put up
plywood panels. Trim back branches from trees: Trim branches away from your home and cut all dead or weak branches
on any trees on your property.

Check into your Home and Auto Insurance: Confirm that policies are valid and coverage is appropriate.

Make arrangements for pets and livestock: Pets may not be allowed into emergency shelters for health and space reasons. Contact your local humane society for information on animal shelters.

Develop an emergency communication plan: Make sure that all family members know what to do. Teach family members how and when to turn off gas, electricity, and water. Teach children how and when to call police or fire department and which radio station to tune to for emergency information.

Hurricane Watches and Warnings:
A hurricane watch is issued when there is a threat of hurricane conditions within 24-36 hours. A hurricane warning is issued when hurricane conditions (winds of 74 miles per hour or greater, or dangerously high water and rough seas) are expected in 24 hours or less.

Listen to the radio or television for hurricane progress reports
Check emergency supplies
Fuel car
Bring in outdoor objects such as lawn furniture, toys, and garden tools and anchor objects that cannot
be brought inside
Secure buildings by closing and boarding up windows
Remove outside antennas and satellite dishes
Turn refrigerator and freezer to coldest settings. Open only when absolutely necessary and close
Store drinking water in clean jugs, bottles, and cooking utensils.

If you need to evacuate your home, lock up home and go to the nearest shelter
Take blankets and sleeping bags to shelter
Listen constantly to a radio or television for official instructions
Store valuables and personal papers in a waterproof container on the highest level of your home
Stay inside, away from windows, skylights, and glass doors
Keep a supply of flashlights and extra batteries handy
Avoid open flames, such as candles and kerosene lamps, as a source of light
If power is lost, turn off major appliances to reduce power “surge” when electricity is restored.


Posted on on May 24th, 2010
by Pincas Jawetz (

UNEP leads 27 countries of the Wider Caribbean on  “land-based pollution” at an International Maritime Organization (IMO) meeting in Panama City based on the ISTAC of Kingston, Jamaica (Interim Scientific, Technical and Advisory Committee to the Cartagena Convention. Will they touch nevertheless the menacing Deep-Water Oil-Well Blow-Out?

from: James Sniffen <>


Panama City, 24th May, 2010:

Over 50 pollution control experts from 27 countries of the Wider Caribbean
gather today (Monday 24th May) in Panama City at the invitation of the
United Nations Environment Programme’s Caribbean Environment Programme
(UNEP CEP) and the International Maritime Organization (IMO).

The gathering of experts for the 5th Meeting of the Interim Scientific, Technical and Advisory Committee (ISTAC) to the Protocol concerning pollution from land-based sources, commonly known as the LBS Protocol, will last for five days.  The CEP is the Secretariat for this Protocol and is based in Kingston, Jamaica.

The LBS Protocol is one of three agreements under the Convention for the
Protection and Development of the Marine Environment in the Wider Caribbean
Region (the Cartagena Convention).  It establishes regional guidelines and
standards for reducing the impact of pollution on the coastal and marine
environment, and on human health.   Over 80% of the pollution of the marine
environment of the Wider Caribbean is estimated to originate from land
based sources and activities.

Panama, the host country, is one of only six countries to have ratified the LBS Protocol.  The others are Trinidad and Tobago, Belize, Saint Lucia, France and the United States.  Discussions during the meeting will focus on measures to increase the region’s commitment to ratify the Protocol, and have it enter into force and become international law as soon as possible.

In support of regional cooperation, UNEP CEP is partnering with the IMO and their joint Regional Activity Centre for Oil Spills (RAC REMPEITC) to bring together experts from environmental agencies, maritime authorities and port administrations for this 5th LBS ISTAC.

Delegates are expected to identify practical measures to improve the implementation of marine environmental agreements including the IMO London Convention on the control of pollution from dumping of wastes at sea and the MARPOL Convention on the prevention of pollution of the marine environment by ships.

According to Nelson Andrade, Coordinator of UNEP CEP”   “It is vital that
Governments adopt a more integrated approach to reducing pollution from
land and marine based sources”.  He noted that the continued partnership
between UNEP and IMO will help to effectively implement the Cartagena
Convention and its three Protocols and to reduce marine contamination.

Meeting Participants are also expected to review recent achievements of the
UNEP CEP to reduce and control marine pollution and to endorse a new work
plan and budget for 2010-2011.

For additional information, please contact:

Christopher Corbin,Programme Officer,
Assessment and Management of Environment Pollution (AMEP),
Regional Co-ordinating Unit, UNEP CEP
Kingston, Jamaica
Telephone: (876) 922-9267 — Fax: (876) 922-9292;;

About UNEP’s Caribbean Environment Programme (CEP) –  The United Nations Environment Programme (UNEP) established the Caribbean Environment Programme (CEP) in 1976 under the framework of its Regional Seas Programme.   It was based on the importance and value of the Wider Caribbean Region’s fragile and vulnerable coastal and marine ecosystems including an abundant and mainly endemic flora and fauna,

A Caribbean Action Plan was adopted by the Caribbean countries and led to the adoption, in 1983, of the only current regional, legally-binding agreement for the protection of the marine environment, the Cartagena Convention.  The Convention and its first Protocol (Oil Spill) entered into force in 1986.

Two other protocols were developed by the region – the Protocols on Special Protected Areas and Wildlife (SPAW) and the Control of Pollution from Land Based Sources (LBS) in 1990 and 1999 respectively.

The SPAW Protocol entered into force in 2000, whereas three ratifying countries are still needed for the LBS Protocol.

The Caribbean Regional Coordinating Unit (UNEP-CAR/RCU) serves as the Secretariat to the Cartagena Convention and is based in Kingston, Jamaica.

Each Protocol is served by a Regional Activity Centre.  These Centres are
based in the Netherlands Antilles (Regional Marine Pollution Emergency
Information and Training Center for the Wider Caribbean, RAC/REMPEITC) for
the Oil Spills Protocol, Guadeloupe (RAC/SPAW) for the SPAW Protocol, Cuba
(Centre of Engineering and Environmental Management of Coasts and Bays) and
Trinidad & Tobago (Institute of Marine Affairs) for the LBS Protocol.

Jim Sniffen
Programme Officer
UN Environment Programme
New York
tel: +1-212-963-8094/8210


Posted on on January 6th, 2010
by Pincas Jawetz (

From the latest news coming from Washington – “Under the new airport
rules, all citizens of Afghanistan, Algeria, Lebanon, Libya, Iraq,
Nigeria, Pakistan, Saudi Arabia, Somalia and Yemen must receive a pat
down and an extra check of their carry-on bags before boarding a plane
bound for the United States, officials said. Citizens of Cuba, Iran,
Sudan and Syria — nations considered ‘state sponsors of terrorism’ —
face the same requirement.”

That means Cuba and thirteen Muslim states: Afghanistan, Algeria,
Lebanon, Libya, Iraq, Iran, Nigeria, Pakistan, Saudi Arabia, Somalia,
Sudan, Syria, and Yemen.

These news caused a lot of comments, but we think the wrong comments.

We assume obviously that Washington is ready finally to address the
terrorism issue. Airplane terrorism, as we learned on 9/11, is not
about transport of weapons but about terrorists – to be specific since
9/11 – we speak here about Islamic terrorists. If you want to catch
terrorists you must look for terrorists. Looking for baby formula is
not the answer – but looking for those passengers whose profiles are
suspicious might be a better bet. Sure, obviously, not all Muslims are
terrorists, and profiling is terrible – even illegal, but if you want
to catch terrorists you start with the profile that most fits Islamic
terrorists, and you bet – they are Muslims of any color. Even though
they may be traveling with documents issued by non-Islamic States,
i.e. the UK, Sweden, Denmark, Norway, France, Switzerland, or even the

So, it is not easy to define exactly what papers are carried by the
terrorists, but you can have some guidelines to increase your chance
of catching them. looking for a profile of an Asian or African Muslim.
Then, learn from the Israelis how to talk to them – you may even find
out that they are so convinced that their cause is the right one, that
they will lower their guard and just plainly disclose that what you
see is all they got.

There may be a Jamaican convert to Islam who preached terrorism in the UK
and resides now in Kenya – a case in point. Kenya does want him either and
he will be sent back to Jamaica a second time. yes, this is a problem if you
are American and Jamaica does not cooperate – but he is a Muslim and no
Anti-Defamation league is enrtitled to tell you Mr. President that he should
not be stripped and searched if he wants to travel via the US to Jamaica.
This is simple.

But what about Cuba? Fidel Castro is more atheist then Catholic, surely
no Muslim. Whatever went on in the past is history to me and I do not believe
prologue to Mr. Castro. So why mix him and his country up with 13 Islamic
States involved in Islamic Terrorism? That is unless someone in the US longs
to see him give cover to such terrorists in the future so they get new reasons
to be after him? If the Jamaica case has anything to teach us – it is that the
US is better off reinsuring its rear parts from anger caused by mistreatment
and friendship is not achieved by mulling over past grief. Specially, as several
hundred former sugar baron families living in Florida should not be allowed to
hold hostage the US when it comes to real US interests.

Mr. President, I watched Bolivia and Venezuela leaders speak in Copenhagen,
they fumed and brimmed with words – no stones or missiles. Their ALBA is,
I think, the natural ally of a US that manages to disengage from the Islamic
world of oil. So, it is the US self interest that calls for you, Mr. President, to
invite Fidel Castro to Washington for a tete-a-tete and start on a way that
eventually will give the US the wall of safety it needs when addressing the 21st
Century centers of terror – the Islamists’ terror cancer that will continue to ooze
as long as we use oil.

Please start by taking him of that list!

The thirteen on that list include the obvious Iran – Syria – Lebanon
trio of the Shii’a Islam, it includes the Afghanistan/Pakistan US
theater of operations and Iraq, as well as the other US theater Saudi
Arabia, Yemen, Somalia, Sudan that misses Egypt and the Gaza strip. A
fourth historic region includes Libya and Algeria, then with Nigeria,
these are newer sources of oil for the US, and as such clear potential
sources of unhappy Islamists who complain about the changes in their
countries as fueled by oil money. In very few countries terrorism
against the US was actually started by rulers decree. Libya, Iran,
Syria, Sudan, Somalia may be the exceptions, but Saudi Arabia and
Yemen may have seen rulers who deflected anger against themselves into
anger against foreigners. In the majority of cases the terrorist is a
person of convictions and the situation could have been avoided had
the US and the rest of the Western World, tried to be less squanderous
with the oil we got addicted to.

Having said the above – let us get now to the point – MR PRESIDENT –
LIST IN 2010.

* * * *

Please look – I am posting here four reference – links to news
articles of today’s New York Times.…
New Air Security Checks From 14 Nations to U.S. Draw Criticism…
In Yemen, U.S. Faces Leader Who Puts Family First…
Behind Afghan Bombing, an Agent With Many Loyalties…
Kenya Seeks to Deport Muslim Cleric to Jamaica



We have received a comment on this post and it presents a very valid point supposedly made at the UN General Assembly by the Foreign Minister of Cuba: “I mean if they were going to include us, then they should have at least thrown in North Korea.”

Even if the e-mail we received from ajay –   akazif at  as presented by www. in… were a made up story, the argument holds water nevertheless. DID THE US INCLUDE CUBA ON THAT LIST BECAUSE IT WANTED TO AVOID BEING SEEN AS GOING AFTER A RAG-TAG OF ISLANIC COUNTRIES? Now, we believe that US security should be spoken here – not again US appeasement-for-oil please!


Posted on on October 22nd, 2008
by Pincas Jawetz (

U.S. agrees to debt-for-nature swap to preserve Peru rainforests.

In a bid to preserve some of Peru’s biologically diverse rainforests, the United States agreed this week to a $25 million debt-for-nature swap with the country, Peru’s second since 2002. Over the next seven years, in exchange for erasing millions of their debt, Peru will fund local non-governmental organizations dedicated to protecting tropical rain forests of the southwestern Amazon Basin and dry forests of the central Andes.

“This agreement will build on the success of previous U.S. government debt swaps with Peru and will further the cause of environmental conservation in a country with one of the highest levels of biodiversity on the planet,” said Treasury Secretary Henry Paulson.

Other debt-for-nature agreements have already been brokered with Bangladesh, Belize, Botswana, Colombia, Costa Rica, El Salvador, Guatemala, Jamaica, Panama, Paraguay, and the Philippines.

This week’s swap makes Peru the largest beneficiary of such deals with the U.S., with more than $35 million dedicated to environmental conservation in the country.


Posted on on June 5th, 2008
by Pincas Jawetz (

UN: Open AIDS Meeting to All – General Assembly Should Reverse Ban on Human Rights and Sexual Health Groups.

Writes Human Rights Watch from the UN.

(New York, June 5, 2008) – The United Nations General Assembly should reverse its decision to exclude three human rights and sexual health nongovernmental organizations (NGOs) from its June 10 high-level meeting on HIV/AIDS, a coalition of human rights groups and international AIDS organizations said today.

Assembly members Egypt, Zimbabwe, and Jamaica blocked the participation of the Egyptian Initiative for Personal Rights (EIPR), Gays and Lesbians of Zimbabwe (GALZ), and the Jamaica Forum for Lesbians, All-Sexuals and Gays (J-FLAG).

According to a resolution passed last year, the president of the General Assembly was responsible for compiling a list of relevant civil society organizations, which member states reviewed and approved. The three organizations were initially included on the General Assembly president’s list but denied accreditation after the General Assembly accepted their respective governments’ objection to their participation.

“This meeting is about expanding access to HIV prevention and treatment,” said Joe Amon, HIV/AIDS program director at Human Rights Watch. “It’s hypocritical and counterproductive for UN member states to block organizations from attending who are working to ensure that HIV information and services are truly available to all.”

The UN meeting is intended to review global progress made in the fight against AIDS. General Assembly meetings in 2001 and 2006 resulted in commitments by all member states to halt and reverse the HIV epidemic by 2010 and to achieve “universal access” to HIV prevention, care, and treatment. Greater involvement of civil society has been identified by the UN as a critical strategy to combat AIDS. In a resolution tabled late in 2007, civil society was specifically encouraged to be involved in this year’s meeting.

“J-FLAG is extremely disappointed by this move,” said Jason McFarlane, programme manager of J-FLAG.   “The Jamaican government itself has acknowledged that homophobia is fuelling our HIV epidemic. Silencing J-FLAG – Jamaica’s only LGBT organization – undermines Jamaica’s efforts to combat HIV/AIDS.”

This is not the first time that key human rights groups have been excluded from the UN high-level meeting on HIV/AIDS. The South African government caused an uproar in 2006 by excluding the internationally acclaimed group Treatment Action Campaign, which has challenged South African Health Minister Manto Tshabalala-Msimang for past statements questioning the efficacy of anti-retroviral medicines.

“If the United Nations is to allow member states to exclude organizations, they should insist that the process be transparent,” said Hossam Bahgat, director of Egyptian Initiative for Personal Rights. “We applied for accreditation to attend the meeting along with dozens of other NGOs that we work with daily. All of these groups were approved while we were – without explanation – excluded.”

Human rights groups and international AIDS organizations – including Human Rights Watch (HRW), the International Council of AIDS Service Organizations (ICASO), and the International Women’s Health Coalition (IWHC) – joined the three excluded NGOs in appealing to the UN General Assembly to ensure that the rhetoric of “universal access” is matched with participation and inclusion, and to each individual government to withdraw their objections and allow representatives to attend the meeting.

“We are all in this fight together,” said Samuel Matsikure, programmes manager for GALZ. “To succeed in the fight against AIDS we must come together. We can not allow governments to divide and exclude certain NGOs.”

For more information, please contact:
In New York, Joe Amon, Human Rights Watch (English): +1-917-519-8930 (mobile)
In New York, Rebecca Schleifer, Human Rights Watch (English, Spanish): +1-646-331-0324 (mobile)
In Cairo, Soha Abdelaty, EIPR (Arabic, English): +20-2-2794-3606; or +20-2-2796-2682; or +20-12-310-7147 (mobile)
In Toronto, Mary Ann Torres, ICASO (English): +1-416-921-0018 ext. 16; or +1-416-419-6338 (mobile)
In Uganda, Ian McKnight, Caribbean Vulnerable Communities (English): +1-876-564-1241 (mobile)


Posted on on June 3rd, 2008
by Pincas Jawetz (

Brazilian-American Chamber of Commerce, Inc.

“COSAN, the world’s biggest sugar-cane processor, received 368 million reais ($225 million) in government financing to build three power plants, which will be fueled by vegetation waste from crushed sugar cane, as the company seeks to tap Brazil’s growing demand for electricity. The plants will generate 200 megawatts of electricity, the National Bank for Economic and Social Development – BNDES said yesterday in an emailed statement.” (Bloomberg, June 3, 2008)

Luciano Coutinho, President of BNDES and
Paulo Diniz, CFO of COSAN

will speak at

June 23rd at the Waldorf-Astoria Hotel, New York

They will be joined by an outstanding line-up of speakers, confirmed as of today:
Alan Boyce, President, ADECOAGRO
Marcelo Brito, Commercial Director, AGROPALMA
Antonio E. Castro, Executive Manager, Gas and Energy, PETROBRAS
Francisco Gros, Vice Chairman, OGX
Plinio Nastari, President, DATAGRO
David Neeleman, CEO, Azul Airlines
Henrique Valladares, Vice President, Energy, ODEBRECHT
Joel Velasco, Chief Representative, UNICA ( Brazil’s Sugar Cane Industry Association )
This event will be the most important Brazilian forum on energy matters to take place in NY in 2008. You don’t want to be left out! To register for this event, which will soon be booked, you can do this online.

Brazilian-American Chamber of Commerce, Inc.
509 Madison Avenue, Suite 304
New York, NY 10022
Tel: 212-751-4691
Fax: 212-751-7692


Posted on on November 15th, 2007
by Pincas Jawetz (

Ajay Makan writes from Male, Maldives, November 15, 2007, for Reuters:

Island States Urge UN to Study Rights, Climate Link.

Small island states (SIDS) called on the United Nations on Wednesday to assess whether a link exists between failure to tackle climate change, which threatens to wipe their countries off the map, and human rights.

But the 26 nations from around the globe failed to agree on an resolution backing a human rights agenda meant to take on big greenhouse gas polluters at a UN climate change summit in Bali, Indonesia next month.

The Maldives and other vocal island states blame the United States and other big polluters for climate change and say their inaction to curb greenhouse gas emissions will destroy their economies through rising seas and wild weather.

The Alliance of Small Island States (AOSIS) used the two-day meeting to highlight what it said was a human right “to live in a safe and sustaining environment”. It said “climate change directly and fundamentally undermines that right”.

But Jamaica and Antigua and Barbuda were cautious, delegates said, that an explicit recognition of human rights would boost pressure on their own governments to improve political rights.

The Alliance represents 43 countries with a population of fewer than 15 million people, ranging from wealthy Singapore in Southeast Asia to Fiji, Kiribati and Tuvalu in the Pacific and Caribbean nations.

Alliance delegates will meet international lawyers and civil society groups to develop a common agenda ahead of the Bali summit, which aims to kick-off negotiations for global pact to replace the Kyoto Protocol.

Alliance Chair Angus Friday expressed optimism the group could still adopt a common platform at the Bali summit. He also hailed the resolution as a first step towards an international recognition of the link between climate change and human rights.

“We have to be realistic about the timescale, but we have started a process today,” he told reporters.

The resolution at the end of the meeting called for a UN study into linkages between human rights and climate change and a March 2009 debate at the UN Human Rights Council.

“The right to life as we know it is threatened. My people survive by praying,” Tuvalu’s ambassador to the UN told Reuters.

Delegates met at one of the Maldives’ flagship deluxe resorts, refurbished following the 2004 tsunami, a reminder of the country’s vulnerability to rising seas.


Posted on on August 9th, 2007
by Pincas Jawetz (

Mr. Ban Ki-moon is spending quite a while in Barbados, meeting with the local Officials who had to interrupt their own vacations, with CARICOM, the general Caribbean organization, with Mr. Tony Blair, now the Special Envoy to the Middle East, Dealing with Sudan without being at the UN General Assembly in New York – Darfur an arid and impoverished region on Sudan’s western flank, where since 2003, more than 200,000 people have been killed and at least 2 million others have been displaced – and the UN achieved very little in four years since. Further, Mr. Ban Ki-moon reacted from Barbados to the announced meeting between the Presidents of North and South Korea, this without the physical pressure of the presence of the Heads of Mission from the major powers … not bad at all for Bridgeport, Barbados.

Mr. Ban Ki-moon is spending in Barbados an unspecified number of days after a two day visit with the UN troops in Haiti. He might travel back to New York tonight.

Also, Inner City Press has heard that:   “while the UN is trying hard to hold confidential the communications between the Secretariat and the Advisory Committee on Administrative and Budgetary Questions (ACABQ), there’s been talk, including in the Staff Union’s August 7 meeting, of a $130 million request by the Secretariat for a new UN Headquarters in Iraq, a request of which the ACABQ is said to be critical.” Will the UN Secretary General be involved in the decision making process on this issue?


Posted on on February 7th, 2007
by Pincas Jawetz (

Cheney’s banker attacks his policies, by Andrew Buncombe for The Independent of London – February 7, 2007.

The investment manager who looks after an estimated $5m ( £2.5m) of Vice-President Dick Cheney’s money has criticised America’s energy policy.

In an email to clients – presumably Mr Cheney among them – Jeremy Grantham rails against the country’s refusal to confront climate change.

“The US is the only country in which environmental data is steadily attacked in a well-funded campaign of disinformation,” writes Mr Grantham, whose comments were revealed by the website

Of George Bush’s call to replace 20 per cent of petrol with ethanol, Mr Grantham says: “US corn-based ethanol, as opposed to efficient, Brazilian sugar-based ethanol, is merely another US farmer-protection programme, made very expensive both directly and indirectly by inflating real agricultural prices.”

————————— would like to make further comment: It is interesting that Mr. Cheney invests his money via a London based brokerage house – this meaning presumably in British Currency. We think he knows something about US policies as part of the White House, and the impact of these policies on the value of the US dollar – and he knows the direction of the conversion rates as a function of the US deficit and ballooning debt this White House engineered. After robbing his people – now he invests in London – that is in our opinion the real news.