Friday, 20 April 2007
In the news: remembering Hurricane Katrina
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Wednesday, 18 April 2007
Climate change and terrorism
In a recent report by the Center for Naval Analyses the argument was raised for linking climate change to terrorism. Admiral T. Joseph Lopez, former commander-in-chief US Naval Forces Europe and of Allied Forces Southern Europe, was quoted stating
"Climate change can provide the conditions that will extend the war on terror"
"Rising ocean water levels, droughts, violent weather, ruined national economies-those are the kinds of stresses we'll see more of under climate change"
"In the long term, we want to address the underlying conditions that terrorists seek to exploit," Admiral Lopez said. "But climate change will prolong those conditions. It makes them worse"
While these points outline an interesting research position, serious and undesirable implications would arise if the argument gradually becomes policy. At the outset, such action would over-politicize and polarize global opinion for an area in which international cooperation is mandatory. We have already witnessed the adverse outcome the blind adoption of the strategy engenders. The basic premise that adverse conditions, be them caused by any factor, in this case climate change, contributes to terrorism is both overarching and too basic to lead to productive strategies. In this light, it is no surprise that
Thursday, 12 April 2007
Are the World's Most-Secure Locations Safe?
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In the news: ArmorGroup
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Monday, 2 April 2007
The Greening of the Arms Industry?
Sunday, 1 April 2007
Helping arms and aerospace companies go green
The Sunday Times
1 April 2007
By Jenny Davey
THE wealthy entrepreneur Vincent Tchenguiz is planning to build a £5 billion business by helping arms and aerospace companies go green.
Tchenguiz has set up a new company called Co2 — Offset to Ozone, which aims to help defence manufacturers find investment opportunities in environmental, technology and healthcare companies under so-called "offset" arrangements.
Tchenguiz told The Sunday Times: "I can see the money. I will make a fortune."
Foreign defence and aerospace companies are compelled to invest back in the country they have sold arms or planes to. The investments in effect offset the trade imbalance caused by the funding of the arms deals.
Offset agreements vary from country to country, but many developing nations prefer defence companies to facilitate investment in companies or projects that create jobs and help tackle environmental problems, rather than ploughing money back into the arms industry. Offset requirements typically range from 10% of the purchase price to more than 100%.
Existing defence-related offset liabilities from defence companies are estimated to be worth $177 billion (£90.7 billion).
About $16 billion of new, defence-related offset liabilities will be created each year, as more countries introduce official offset policies.
Defence companies do not have to invest all the cash themselves in offset deals — they just have to prove they have caused the investment to happen.
Tchenguiz aims to cash in by co-investing alongside defence companies in offset projects. He also hopes to get fees from defence companies for helping them to find suitable offset investments.
The Iranian-born entrepreneur has already invested $500m for stakes in up to 1,000 companies working on technology and climate-change solutions. He has also taken a 6% stake in Imperial Innovations, the research and development arm of London’s Imperial College, and is talking to other universities, including Oxford, Reading and Columbia in New York. Universities are happy to work with him because he could help them sell their ideas about technology and climate change to as many as 30 different countries. Tchenguiz hopes the defence firms will invest in these businesses as part of their offset agreements, helping them to soar in value.
"This has been a very fragmented market and defence companies have been struggling to find investment projects," he said.
"By bringing scale and a balance sheet to it, and having a large portfolio of companies with projects, we can take some of the friction out of the process."
He has already struck his first deal with South Africa’s President Thabo Mbeki — a 1 billion rand (£76.8m) environmental fund that will provide contractors with offset credits.
The fund will invest in a range of environmental companies and technologies in South Africa and other countries in the region.
Security Contractors 101 has moved
If you came here looking for Security Contractors 101, it has been moved to Live Journal: click here. Security Contractors 101 was an interactive feature introducing Private Military.org’s resources to a young audience. It was put together in order to show young men and women the vast amount of scholarship and resources that have been produced about the Private Military Company (