Canada’s national pension plan (CPP) is a co-owner of Chile’s electricity transmission company, Transelec, and may soon do untold harm to Chile’s Patagonia region at the southern tip of South America. Full story »
Last November, Probe International called for the Canadian government to "make amends for failing to warn the Chinese government that the project's environmental risks would ultimately threaten the lives, property, and economic future of millions of people living along the Yangtze river." Read the orginal letter and the government's response.
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Companies in rich countries say they can’t (or won’t) reduce their emissions. Instead, they are allowed to buy carbon credits from projects in poor countries that are deemed to reduce emissions or store carbon. But these Third World projects often gobble up scarce farmland in favour of mega wind farms and hydro dams that don't generate greenhouse gasses.
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Probe International tells the World Bank to halt all loans to the Democratic Republic of Congo's Inga dam project until those affected by the dam are provided with the water, sanitation, electricity, health and education services promised to them more than 30 years ago. Full story »
Aid generally called "development aid" enriches corrupt and repressive governments while the poor suffer at their hands. This kind of aid doesn't protect the environment or ameliorate poverty.
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Momentum to challenge the Third World's odious debts is building so much that western countries are worried their loose lending will be exposed under international odious debt arbitration, and end their claim to repayment.
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The World Bank insists that, unlike earlier failures, nobody will be left worse off. While villagers wait for new wealth to trickle down to them, the victims would receive no direct compensation.
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If the World Bank decides to bar Acres or other corrupt multinationals, it would be the biggest deterrent to corruption in the history of international development.
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