Yeh Hai Life!

Will Reliance Victory ‘Deter’ Foreign Investors.

In Environment, India on May 8, 2010 at 9:14 am

Reading the Financial Times spin on Indian news is one of our favorite things to do. Here’s their take on the Reliance sibling rivalry over India’s natural resources:

They [oil and gas analysts] argue that ad hoc government intervention in the pricing of oil and gas discoveries will deter large foreign investors at a time when India needs to encourage greater investment in oil exploration and production to satisfy its growing energy needs. (full post at Financial Times)

This argument being made at a time when a deadly blast on BP’s oil rig in US is resulting in possibly the worst environmental disaster in decades. Meanwhile speaking of ‘ad hoc government intervention’, energy policies under the Bush administration gave us these headlines – Sex For Oil Scandal At Interior Department

How about greater investment be made in wind, solar and alternative energy that are sustainable and responsible solutions?

  1. […] This post was mentioned on Twitter by Yeh Hai Life. Yeh Hai Life said: Blog post: Will Reliance Victory ‘Deter’ Foreign Investors. […]

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