Slim, C
<div>Slim is best know for his control of communications infrastructure but is less known for his investments in </div><div>fossil fuels infrastructure, especially along the U.S. Mexico border which was built to support expanded trade </div><div>under NAFTA. His investments in energy, water, transportation, housing, and utilities increase the resource </div><div>intensity use of North America’s economy, the planet’s biggest polluting continent. See Slim’s in depth profile </div><div>on page 63. </div><div> </div><div>Wealth: Carlos Slim is the richest man in the world, according to the Forbes 2011 list. Slim became a </div><div>billionaire in 1990 after convincing then-President Carlos Salinas to give him a sweetheart deal to purchase </div><div>TELMEX, the state-owned telephone company. Slim now is the largest shareholder in TELMEX and </div><div>América Móvil, the hemisphere’s fourth-largest wireless company, with more than 215 million subscribers in </div><div>Latin America and the Caribbean. Slim is widely diversified with investments in construction, finance and </div><div>media. He owns the construction conglomerate Impulsora del Desarrollo y el Empleo, which builds roads </div><div>and energy infrastructure. He is president of Carso Infraestructura y Construcción, which installs pipelines, </div><div>erects chemical and petroleum facilities (through its subsidiary Swecomex), undertakes infrastructure and civil </div><div>construction contracts (through its CILSA subsidiary), and builds housing projects (through its subsidiary </div><div>Urvitec). He also owns significant shares in the financial group Inbursa, Bronco Drilling (a major U.S. oil and </div><div>gas drilling company) and Saks Fifth Avenue. </div><div> </div><div>Power Networks: Carlos Slim owns stakes in Independent News & Media (a large newspaper chain with </div><div>outlets in Australia, Ireland, New Zealand, Northern Ireland and South Africa) and the New York Times </div><div>Company. Slim sits on the board of Philip Morris International and is also a trustee of the RAND </div><div>Corporation. </div><div> </div><div>Environment: Slim’s investments in trade infrastructure and support devices leave him with a complex </div><div>carbon footprint. In July 2010, Slim hosted a meeting of the United Nations’ Energy and Climate Change </div><div>Advisory Group (of which he is a member) in Mexico City. The group seeks to promote public and private </div><div>partnerships to increase energy access and efficiency2 Neither Impusora del Desarrollo y el Empleo nor </div><div>Bronco Drilling is found on the Dow Jones Sustainability Index.4 (The DJSI tracks “the financial </div><div>performance of the leading sustainability-driven companies worldwide.”) Bronco Drilling only scores 57 (on a </div><div>scale of 1-100) on the Tata Institute of Social Sciences’ ratings of Corporate Social Responsibility.5</div><div>
</div><div><a href="http://ifg.org/pdf/IFG_plutonomy_Part2.pdf">http://ifg.org/pdf/IFG_plutonomy_Part2.pdf</a></div>