28 de septiembre de 2009

G-20 Concludes with Vague Pledges on Global Warming, Finance

The G-20 summit wrapped up in Pittsburgh Friday with pledges on a series of global issues. On climate change, world leaders vowed “strong action” but didn’t make specific commitments. The summit also called for a new era of balanced economic growth but didn’t offer much in the way of tangible steps toward that goal. On executive pay, G-20 leaders agreed to a deal that won’t cap bonuses but instead asks companies to stretch them out in deferred compensation. The final summit declaration also endorsed granting more voting rights to “underrepresented” countries at the IMF and World Bank. Around 200 people were arrested during the two-day summit. At one protest, unidentified law enforcement officers were filmed shoving a protester into a car and driving away. The officers were wearing army fatigues, but state officials say they weren’t military. The abducted protester is reportedly still behind bars.

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