Financial Daily from THE HINDU group of publications
Friday, May 05, 2006
Financial Daily from THE HINDU group of publications Friday, May 05, 2006 |
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Money & Banking
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Events States - Andhra Pradesh Greenpeace protest against ADB Our Bureau
Hyderabad , May 4 A group of Greenpeace activists on Thursday invoked Lord Buddha to back their protest campaign against the policies of the Asian Development Bank (ADB). The activists drawn from several countries put up a banner, with words borrowed from a Buddhist tenet, on the towering Buddha monolith statue perched on the Rock of Gibralter in the Hussain Sagar Lake, here. The tenet read "There are only two mistakes one can make in fighting climate change: not starting, and not going all the way!" "The ADB is guilty of both mistakes," Mr K Srinivas, Climate Change Campaigner of Greenpeace, said. Addressing a press conference in a ferry near the statue, he said the bank should stop funding dirty projects and support cleaner ones. The energy-driven impactof climate change was out to hit the poor in Asia very hard. Ms Maria Athena Ronquillo Ballesteros, an activist from the Philippines, wondered how the bank planned to use the Rs 4,500-crore clean energy fund it set up. "Is it for renewable energy projects? If yes, it's a significant development. A step forward. Or, it is useless," she said.
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