Word: russia
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...around the idea of capping carbon emissions from individual nations. But which country is responsible for the carbon emitted in global trade? The buyer or the seller? The study demonstrates that carbon leakage - emissions moving from relatively green countries like France or Germany to more carbon-intensive ones like Russia or China - is already occurring. The question is whether the leakage will accelerate if, for instance, developed nations institute tough carbon caps and drive out carbon-intensive industries, which will set up in uncapped developing nations - as cap-and-trade opponents allege. Or has any leakage that will occur already...
...Asking uncomfortable questions is what Navalny does best. An erstwhile activist in Russia's marginalized opposition movement, Navalny, 33, has eschewed electoral politics to focus his formidable energies on investigating companies owned by the Russian government and its minions. And in the two years since he crashed that shareholders meeting in Surgut, he has arguably become Russia's most relevant political renegade. He is demonstrating that there may be a tool more effective than the ballot box in keeping Russia's ruling class in check: stock. (See the top underreported stories...
...Navalny. Sergei Guriev, dean of Moscow's New Economic School and an independent board member of Sberbank, a state-owned company in which Navalny has stock, says the lawyer's focus is a logical avenue of dissent for politically minded young people who are unable to crack into Russia's rigidly controlled political landscape. "His generation of opposition politicians has been denied a career in politics," he says. "They may have to wait 20 years. So he has taken what looks like a smart, reasonable path." (See pictures of Russia celebrating Victory...
...Navalny's targets have included the oil and gas giant Gazprom, which was previously chaired by Russian President Dmitri Medvedev, and the state-owned oil company Rosneft, whose chairman is Igor Sechin, a Deputy Prime Minister widely seen as Russia's most powerful official after his boss, Prime Minister Vladimir Putin. In 2008, Navalny filed a lawsuit to force Rosneft to reveal information about delivery contracts it had with an obscure Swiss oil trader called Gunvor, whose co-owner is an acquaintance of Putin's. A Moscow arbitration court rejected the suit, saying the company was not obligated by Russian...
...Navalny, forcing his opponents into a dialogue is often victory enough. "Even a nonsense answer exposes the company somewhat," he says. "At the very least the person responding has to give his name ... They give us something to sink our hooks into." (See the dangers of doing business in Russia...