Fri Dec 02 11:12:00 CST 2005
-- Bodman urges African nations to adopt 'bedrock principles'
Billions of dollars in venture capital are pouring into energy projects worldwide, US Energy Sec. Samuel W. Bodman said. But it will require commitments to "the bedrock principles" of property rights, contracts, transparency, and the rule of law, and to letting markets run their course for the projects to succeed, he said in remarks to a Washington, DC, conference.