On the other hand, Malaysia has made it easier than ever for these investors, relaxing foreign ownership restrictions and improving their investment terms. The currency regulations did not affect the MSC companies. The Global Climate Coalition represents approximately 230,000 businesses. Although our member companies have yet to indicate any position on the Chafee legislation, they remain opposed to adoption of the 1997 Kyoto Protocol or any measure that would move us closer to adoption of this damaging agreement. Only a handful of other companies that stand to gain have indicated support for the Chafee proposal.
Business remains supportive of the voluntary programs in place to address greenhouse gas emissions.
There is no groundswell of support among business for the Kyoto Protocol. Individual Americans who come to these shores as tourists are appalled at what they perceive will be the inevitable results of Washington's stance on this issue. They see immediate economic destruction among a hardworking, landowning peasantry and a consequent breakdown of social order in a community trying hard to earn an honest living without the benefit of natural resources. Your own economy has done a wonderful job in expanding and generating wealth, and we can learn much from your model. But don't let material progress blind you to simple justice.