Rothschild banking dynasty to assist Maldives with goal of carbon neutrality
17 Mar 2010, 7:46 PM
The Rothschild banking dynasty in Europe has agreed to help the Maldives towards its goal of carbon neutrality, following a meeting between President Mohamed Nasheed and Baron Benjamin and Baroness Ariane de Rothschild in their Genevan chateau.
In the first phase of the agreement signed on Monday, the family’s financial services arm La Compagnie Benjamin de Rothschild (CTBR) will secure international financing to fund a carbon audit of the Maldives.
CTBR is one of the arms of the US$137 billion Edmond de Rothschild Group, one of the world’s oldest banking dynasties and an early investor in the Shell Oil Company and the De Beers diamond firm.
The Rothschild’s website describes the banking family as “brokers and financers, as bankers to royal houses and governments, as railway magnates, personalities, patrons and philantopists, the Rothschilds have never forgotten how to walk with Kings – nor lost the common touch.”
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