Corporate money men fill the political void at Rio+20

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Corporate money men fill the political void at Rio+20

New Scientist – Move over Ban Ki-moon, the corporate money men are in town. That was the message from the final hours of the otherwise damp-squib Earth Summit in Rio de Janiero last week. On Friday, as delegates prepared to go home, UN officials toured the halls explaining why the official declaration struck by government delegations earlier in the week, titled The World We Want, was so devoid of concrete commitments to fight planetary perils and injustice. But despite the political void, the organisers could still claim a major success. Corporations, who were largely absent from the first Earth Summit in Rio 20 years ago, were coming to the table, Steiner said. Where politicians shrank from commitments, corporations were overflowing with them. The conference secretary-general Sha Zukang said some 1500 business leaders had attended the summit, and had stumped up half a trillion dollars of corporate cash to fund various UN agendas, though it was unclear how much of this was new money and how much was simply mainstream corporate investment.Read Article

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