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...over a decade ago, Jindal South West has over the past several years claimed an estimated $150 million in carbon credits thanks to its internationally recognized status as a part of the Clean Development Mechanism (CDM) administered by the U.N. under the Kyoto Protocol. But while the steel plant's efforts to reduce its emissions may in a very small way be helping the earth's atmosphere, villagers complain any benefits are lost on them. "Since the plant has come, the village's water supply is polluted, and the air is polluted from the dust and smoke," says KSL Swamy...
...Toranagallu, the Jindal plant continues to expand as the company pursues carbon credits by generating power through the burning of waste gas created during steel manufacture. In a bid for more carbon dollars, a second power plant was built. "The carbon revenues were a major factor in taking up these projects," says Suresh Iyer, the chief coordinator of carbon trading at Jindal South West. If a project is reducing carbon, he says, "we do take the initiative and put up the plant because of that." The second plant, which Iyer estimates cost the company $50 million to build, was approved...
...figure that out, we have a useful analogy close at hand: FarmVille. There are two ways to move ahead in the game. One is to grind, as it's known--plow, plant and harvest. Once you've grown, say, eggplant, you accumulate enough points to move up to a wider choice of crops. You invite friends to be your neighbors. You exchange gifts and help out, all of which let you accrue the capital you need to expand your farm, thus making it ever more remunerative...
...threatened: Dearborn (pop. 100,000) has 10 mosques in the area, more than any other city of comparable size. Muslims have had a presence in the Detroit area since the 1920s, when Henry Ford brought over thousands of workers from the Middle East to operate his giant River Rouge plant. People of Middle Eastern origin make up a third of the population; public schools close for Muslim holidays. (See pictures of Muslims marking the end of Ramadan...
...successful in securing an agreement to shut down Chernobyl Unit No. 3 - the final part of the plant to be shut down after several accidents - as chairman of the G-7 Nuclear Safety Group...