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BUSINESS WEEK CALLS KIRIBATI REPORT \MOST IMPORTANT STORY WE'VE EVER RUN\

The spruce man with the trim mustache and the grim-faced bodyguard is dozing in his seat. A flight attendant leaves him a hot towel, and then another. The bodyguard, who wears the uniform of the Kiribati National Police—the shoulder patch depicts a yellow frigate bird flying clear of the rising sun—folds the towels carefully and places them on an armrest.

The Fiji Airways flight is moving north across the equator to Tarawa, the capital of Kiribati. The passengers include a Japanese executive who represents important tuna interests, a Mormon luminary from Samoa and his prim wife, and an American dressed in the manner of an Iraq War contractor, on a mission to recover the remains of U.S. Marines killed in World War II. We are all impatient for the sleeping man, who is the president of Kiribati, to wake up. We each have business to transact with him.But the president sleeps. His name is Anote Tong. He is famous—or, at the very least, as famous as anyone from Kiribati has ever been—for arguing that the industrialized nations of the world are murdering his country.Kiribati is a flyspeck of a United Nations member state, a collection of 33 islands necklaced across the central Pacific. Thirty-two of the islands are low-lying atolls; the 33rd, called Banaba, is a raised coral island that long ago was strip-mined for its seabird-guano-derived phosphates. If scientists are correct, the ocean will swallow most of Kiribati before the end of the century, and perhaps much sooner than that. Water expands as it warms, and the oceans have lately received colossal quantities of melted ice. A recent study found that the oceans are absorbing heat 15 times faster than they have at any point during the past 10,000 years. Before the rising Pacific drowns these atolls, though, it will infiltrate, and irreversibly poison, their already inadequate supply of fresh water. The apocalypse could come even sooner for Kiribati if violent storms, of the sort that recently destroyed parts of the Philippines, strike its islands.For all of these reasons, the 103,000 citizens of Kiribati may soon become refugees, perhaps the first mass movement of people fleeing the consequences of global warming rather than war or famine.