He was acquiring an offshore island across the Yangtze River from Shanghai meant to become the most fully energy self-sustaining eco-city in the world.
They say air quality is improving, thanks to tighter emissions standards for motor-vehicles and to the moving of one the city's biggest polluters, a steel plant in the western suburbs, to an offshore island.
Every species on the island retreated to a small islet offshore, Boatswainbird Island, except for a few individuals that held on to the most inaccessible cliffs, and the phenomenally scrappy wide-awake terns that visit the southern plains to breed.
The OIH ETF has posted similar drops, and so have smaller offshore specialists like Gulf Island Fabrication.
Over the weekend, Prime Minister Julia Gillard also sealed a deal with Papua New Guinea's government to conduct offshore processing on Manus Island.
One mile offshore from Newport, Rhode Island, Rose Island Light Station has been restored after years of abandonment.
In 2002 and 2004 it held auctions for offshore exploration licences in the island's south-east that each drew a single bid, from Canada's Encana.
The BP gulf oil disaster will become the three mile island debacle for the offshore oil and gas industry.
The island's main offshore bank, First International, folded at the end of July, unable to pay staff salaries, let alone depositors who had been promised 250% interest rates.
Anton Siluanov, Russia's finance minister, said the Cypriots were seeking to get Russian companies to invest in a state-owned firm managing revenues from the island's newfound offshore gas deposits and give Russian companies a stake in that company.
He took over the island nation of Antigua with his offshore banking empire, Stanford Financial.
Many of the large-scale foreign investors in Cyprus are Russian - and in many cases they have taken advantage of the island's status as an offshore tax haven.
The Cypriot government, backed by Greece, has asked an American company to begin offshore drilling for gas to the south of the island.
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The country's role as an offshore tax haven dates back to 1982 when the island signed a tax treaty with the USSR - which has allowed Russian businessmen to completely avoid paying tax on the profits their businesses make in their home country.
Germany suggested that a condition of the island's bailout was that its many offshore depositors should also bear the brunt of the losses.
Some offshore centers such as Isle of Man and the Cayman Island fell in the listing over recent years but have since recovered Jersey and Guernsey remain the leading offshore centers.
But the island has kept its title as the highest rated offshore jurisdiction, and is at number 28.
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The Cyprus setting for the gathering is especially notable as the island EU member state offers Europe the clearest shot at the offshore gas reserves.
In the Cypriot banking crisis Germany was also one of the sharpest critics of the offshore model pursued by Cyprus, which attracted many rich Russians to the island and enabled them to avoid paying taxes at home.
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Farther up the coast, the insular island of Molokai, famous for its leper colony, hovers close offshore.
The island packed with industry and 23 million people had already looked on and offshore already for natural gas but turned up too little to mention.
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The Renewable Energy Commission has also been looking at the potential for offshore tidal and wind power, which Deputy Duhamel said could play a significant role in improving the island's energy security in the future.
Blount Boats in Rhode Island recently reached agreement with South Boats Special Projects to build US-flagged catamarans to service offshore wind facilities.
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