Laughing all the way to the bank
On 28th October 2008, campaigners of the Seattle to Brussels network called on Trade Commissioner Baroness Ashton to end the unholy alliance between DG Trade and business lobby group BusinessEurope with a mock wedding celebration outside BusinessEurope's Going Global conference event.
At the moment, too many European citizens feel alienated from the decisions made in Brussels. And that is not surprising. Big corporations, lobby consultancies and law firms spend hundreds of millions of euros every year to ensure that EU policy-making meets the needs of big business and not the public interest – and it works.
This report outlines a series of reforms to the regulation of carbon trading in response to fraud and the financial crisis, and financial sector efforts to disrupt them. It shows that:
- The European Commission adopted a deliberately light touch approach to regulating its Emissions Trading System since its launch in 2005. A series of fraud cases made this position untenable.
Corporate Europe Observatory
Corporate Europe Observatory (CEO) is a research and campaign group working to expose and challenge the privileged access and influence enjoyed by corporations and their lobby groups in EU policy making.