Open Letter from CEO of Herakles Farms in Response to Report On ...
Open Letter from CEO of Herakles Farms in Response to Report On ...
Open Letter from CEO of Herakles Farms in Response to Report On ...
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lawyer, cancell<strong>in</strong>g the meet<strong>in</strong>g when the activist <strong>in</strong>sisted he will only meet them <strong>in</strong> the presence <strong>of</strong> his<br />
lawyer.<br />
Bruce claims that timber will be logged trimmed and surrendered <strong>to</strong> government for sale. But the<br />
Establishment Convention <strong>of</strong> 2009 states that<br />
3.3 Incidental Rights<br />
(a) Subject <strong>to</strong> the terms and conditions <strong>of</strong> this Convention, and only as necessary or desirable for the<br />
proper and efficient exercise <strong>of</strong> rights granted <strong>to</strong> Inves<strong>to</strong>r under Section 3.1, Inves<strong>to</strong>r and any Inves<strong>to</strong>r<br />
Party shall have the right:<br />
(iv)<br />
exclusively with<strong>in</strong> the Production Area, <strong>to</strong> plant, cut and utilize timber, <strong>to</strong> the extent Inves<strong>to</strong>r<br />
and Inves<strong>to</strong>r party deem necessary for the construction and ma<strong>in</strong>tenance <strong>of</strong> Infrastructure,<br />
without the need <strong>to</strong> obta<strong>in</strong> any further authorization or pay any further fees, and for other<br />
Inves<strong>to</strong>r Activities with<strong>in</strong> the Production Area, subject <strong>to</strong> Article 10;<br />
(v) exclusively, with<strong>in</strong> the Production Area, <strong>to</strong> take and use, subject <strong>to</strong> any limitations pursuant <strong>to</strong><br />
Article 10, free <strong>of</strong> charge (but not <strong>to</strong> sell <strong>to</strong> any other Person without the written approval <strong>of</strong> the<br />
Government), such water, earth, s<strong>to</strong>nes, rocks, sand, clay and gravel hav<strong>in</strong>g no significant<br />
commercial m<strong>in</strong>eral value other than as aggregate filler or other construction material, as Inves<strong>to</strong>r<br />
may consider necessary or useful for Inves<strong>to</strong>r Activities, without the need <strong>to</strong> obta<strong>in</strong> any further<br />
authorization or pay any further fees. Any activity conducted pursuant <strong>to</strong> this Section 3.3(a)(v)<br />
shall not be considered <strong>to</strong> be m<strong>in</strong><strong>in</strong>g for purposes <strong>of</strong> any Law.<br />
So when were these clauses or the Establishment Convention revised? The Establishment Convention<br />
clearly demonstrates the sweep<strong>in</strong>g powers <strong>in</strong>ves<strong>to</strong>r seeks and the greed which would have resulted<br />
there<strong>of</strong>. No wonder, the HF project has generated the most controversy even before it had been authorized<br />
<strong>to</strong> go ahead. Look at CARBON and the carbon credits that HF <strong>in</strong>tends <strong>to</strong> reduce by clear<strong>in</strong>g forests. HF<br />
forces government <strong>to</strong> surrender its rights and benefits <strong>to</strong> such a naturally generated product, (if<br />
environment was left <strong>in</strong>tact) <strong>to</strong> <strong>in</strong>ves<strong>to</strong>r <strong>in</strong> the follow<strong>in</strong>g conflated clause.<br />
4.11 Facilitation <strong>of</strong> Permits, Licenses, and Authorizations.<br />
4.14 Carbon Credits<br />
Government undertakes <strong>to</strong> promptly provide <strong>to</strong> Inves<strong>to</strong>r all certificates, consents, authorizations,<br />
and other support reasonably requested by Inves<strong>to</strong>r <strong>in</strong> connection with the application for or<br />
monetization <strong>of</strong> the Credits.<br />
13 Other Taxes and Payments<br />
13.3 Carbon Credits<br />
Government acknowledges that <strong>to</strong> the extent that Inves<strong>to</strong>r realizes certified emission reduction credits<br />
or other carbon or carbon-equivalent emission reduction credits, or any correspond<strong>in</strong>g monetary<br />
value or cost sav<strong>in</strong>gs that results <strong>from</strong> greenhouse gas emission reductions, whether created by<br />
Inves<strong>to</strong>r, any Inves<strong>to</strong>r Party, any Project participant or any Third Party act<strong>in</strong>g under the direction<br />
<strong>of</strong> Inves<strong>to</strong>r or any Inves<strong>to</strong>r Party (“Credits”) associated with the Inves<strong>to</strong>r Activities, Inves<strong>to</strong>r alone<br />
shall be entitled <strong>to</strong> all such Credits and all correspond<strong>in</strong>g cost sav<strong>in</strong>gs.