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Romanian Government's Disregard for Rule of Law Should Worry Western Investors; Radical Enviros Call the Shots
WASHINGTON, September 13 /PRNewswire/ -- Steve Milloy, editor of JunkScience.com, has been following the Gabriel Resources/Rosia Montana struggle closely. An advocate of free markets and development, he lauded the documentary, Mine Your Own Business, which chronicled the fight between the pro-development forces and the radical environmentalists. One of his columns about the subject may be read here: http://www.junkscience.com/ByTheJunkman/20070215.html. Disregarding the rule of law in an attempt to appease environmental extremists, the Romanian government decided to suspend the approval process that Gabriel Resources was complying with in order to permit their proposed mine project. This action alone should give serious pause to Western companies contemplating investing in Romania. Despite reassurances, legal compliance and investments, Western companies may well find themselves in 'Banana Republic' atmosphere where the rule of law is disregarded, anti-development activists call the shots and anything goes. "The Romanian government's decision to suspend Gabriel Resources' (TSX: GBU) plan to develop a mine in northwestern Romania once again demonstrates that environmental NGOs are not really in favor of sustainable development and that businesses are woefully inept and unprepared to deal with the business threat posed by NGOs. Unless businesses learn how to confront and combat environmental NGOs, much-needed economic development will not be allowed to occur, particularly in poor regions of the world," said Milloy. Steven J. Milloy is the founder and publisher of JunkScience.com and CSRwatch.com; an investment adviser to the Free Enterprise Action Fund; and a columnist for FoxNews.com. Mr. Milloy is a frequent advocate for free enterprise/free market principles and policies in conjunction with the Free Enterprise Action Fund (FEAOX) and the Free Enterprise Education Institute (FEEI). FEAOX is a publicly-traded mutual fund that owns a diversified portfolio of the stock of companies in the S&P 500. FEEI is a not-for-profit organization that is supported by individuals, foundations and businesses. To schedule an interview with Steve Milloy, please contact Advocacy Ink at +1-703-548-1160. Web site: http://www.junkscience.com
