2025-10-31 06:35:33
Latest Post
SMC Global Securities Ltd Q2 FY2025-26 consolidated net profit declines to Rs. 20.65 crores
Rajoo Engineers Ltd Q2FY26 consolidated profit at Rs. 14.18 crores
Inventurus Knowledge Solutions Ltd consolidated Q2 FY2025-26 PAT climbs to Rs. 180.71 crores
IFB Industries Ltd consolidated PAT for Q2FY26 jumps to Rs. 50.79 crores
Share India Securities Ltd consolidated Q2 FY26 net profit at Rs. 92.91 crores
General
Dow Chemicals had no connection with Bhopal Tragedy - IOC
Posted On : 2012-03-15 04:11:30( TIMEZONE : IST )
The Ministry of Youth Affairs and Sports took up the matter directly with International Olympics Committee (IOC) urging it to go beyond lesser considerations, and in the larger interests of the ideals of human rights, compassion and solidarity, cancel the sponsorship of Dow Chemicals for the London Olympics, 2012, thereby apart from assuaging the feelings of millions of people, send a strong message the world over, for upholding the noble ideals of the Olympic Movement. However, IOC has reiterated their earlier stand on the issue. This was stated by Shri Ajay Maken, Minister of State (I/C) for Youth Affairs & Sports, in the Rajya Sabha today, in a written reply to a question by Shri S.S. Ahluwalia.
The Minister further stated that earlier the Government had directed Indian Olympic Association to take up the issue of sponsoring of London Olympics, 2012 by M/s Dow Chemicals emphatically with the IOC to draw its attention to the sensitivities of the victims of the tragedy in Bhopal and that the association with the Dow Chemical Company militates against the fundamental ethical principles of the Olympic Committee. Indian Olympic Association took up the matter with the IOC to which IOC replied that Dow Chemical had no connection with the Bhopal tragedy since Dow did not have any ownership stake in Union Carbide until 16 years after the accident and 12 years after the US $ 470 million compensation agreement was approved by the Supreme Court of India.
The question of liability of Dow Chemicals Company and/or any other successor to Union Carbide Corporation/Union Carbide (India) Limited is pending before High Court of Madhya Pradesh at Jabalpur. Dow Chemicals is also one of the respondents. The Department of Chemicals & Petrochemicals has also filed a Curative Petition (C) No.345-347/2010 on 03.12.2010 in Supreme Court seeking enhancement in the compensation which was earlier settled at US $ 470 million by Supreme Court vide its Orders dated 14th/15th February, 1989, the Minister added.