It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts. A forest carbon market is emerging in anticipation of a UN climate deal in December in Copenhagen, expected to allow rich countries to pay to protect rainforests as a cheap alternative to cutting their own greenhouse gases.
Peter Younger
Cracks open in deal to save the planet
Submitted by cahn on 7 June, 2009 - 1:15pm- Andy White
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What did I say then?
Merrill left holding unsold chip issue | FT
Submitted by cahn on 27 October, 2008 - 1:13pmMerrill Lynch looks set to become an unwilling shareholder in Singapore's Chartered Semiconductor on Monday after a US$633m rights issue it underwrote for the troubled state-owned chipmaker fell flat.
As the lead underwriter, Merrill might end up with up to 18 per cent of Chartered at a cost of $250m as it mops up unwanted shares. more
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