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The agreement was announced after Mrs Clinton, the US secretary of state, met the Indian prime minister, Manmohan Singh, in the Indian capital.
S.M. Krishna, India’s external affairs minister, said India had agreed to buy US defence equipment under an arrangement which will allow Washington to monitor its “end-use” to prevent weapons technology being sold on to rogue regimes.
The agreement puts the United States ahead of its rivals as India prepares to spend billions on modernising its armed forces, including the purchase of 126 fighter aircraft.
Lockheed Martin and Boeing are expected to benefit from the defence deal while General Electric and Westinghouse are expected to win substantial contracts to build reactors for two new nuclear power plants. Continue reading
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By David Adam, Guardian News
The world’s largest oil company is continuing to fund lobby groups that question the reality of global warming, despite a public pledge to cut support for such climate change denial, a new analysis shows. Company records show that ExxonMobil handed over hundreds of thousands of pounds to such lobby groups in 2008. These include the National Center for Policy Analysis (NCPA) in Dallas, Texas, which received $75,000 (£45,500), and the Heritage Foundation in Washington DC, which received $50,000.
According to Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment, at the London School of Economics, both the NCPA and the Heritage Foundation have published “misleading and inaccurate information about climate change.”
On its website, the NCPA says: “NCPA scholars believe that while the causes and consequences of the earth’s current warming trend is [sic] still unknown, the cost of actions to substantially reduce CO2 emissions would be quite high and result in economic decline, accelerated environmental destruction, and do little or nothing to prevent global warming regardless of its cause.”
The Heritage Foundation published a “web memo” in December that said: “Growing scientific evidence casts doubt on whether global warming constitutes a threat, including the fact that 2008 is about to go into the books as a cooler year than 2007”. Scientists, including those at the UK Met Office say that the apparent cooling is down to natural changes and does not alter the long-term warming trend.
In its 2008 corporate citizenship report, published last year, ExxonMobil said it would cut funds to several groups that “divert attention” from the need to find new sources of clean energy. The NCPA and Heritage Foundation are included among groups funded by ExxonMobil, according to details of its “2008 Worldwide Contributions and Community Investments” published recently. Continue reading