Brady Yauch's blog
Residents in one Chinese village were so fed up with pollution from a local aluminium plant that they took their frustrations to the street. According to media reports, more than 1,000 people from Zhuang village in Jingxi County, Guangxi Zhuang Autonomous Region, broke into the Xinfa plant of aluminum manufacturer Shandong Xinfa Aluminum & Power Group, one of the three largest producers in Jingxi, smashed equipment and, later, blocked roads, a railway line and surrounded the county’s government headquarters read more » |
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Carbon markets are again facing allegations of a scam involving the trading of carbon credits. Reuters reports the Australian company WesternField Holdings Inc. has been accused of defrauding investors down under of A$3.5 million ($3.2 million) through a telemarketing swindle. Although blacklisted by the country's securities regulator, the firm continues to operate. read more » |
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While citizens across China are confronting some of the most severe winter weather in decades, they’re finding that holdover policies from the Maoist era are making the situation worse. read more » |
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Two prominent Chinese environmentalists have taken home this year's Ramon Magsaysay award. Probe International would like to congratulate Yu Xiaogang for his path-breaking work on the negative effects of dams and Ma Jun for his work to control pollution in China's manufacturing sector through transparency and public participation. read more » |
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A recent article in the Telegraph examines the rise in UK tax fraud in carbon emissions trading market. The scheme is a variation on the VAT carousel fraud, where criminals import products VAT-free from EU member states, then sell the goods in the UK with a VAT charge, only to quickly disappear without turning over the VAT charge to the UK's customs and tax department, Her Majesty's Revenue & Customs. read more » |
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As the World Bank and the IMF drastically increase lending to countries in the developing world, local politicians are beginning to question the loans. The Conference of Nigeria Political Parties (CNNP) recently expressed outrage over the ruling People’s Democratic Party plan to obtain a $1-billion loan from the World Bank. read more » |
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The portfolio manager of Templeton Global Bond Fund, Michael Hasenstab, says he’s investing in Iraqi bonds rather than treasuries, U.K. gilts or Japanese bonds. He believes the massive amount of debt occurred by the U.S. and other governments over the past year will drive up inflation, weaken their currencies and hamper economic growth. read more » |
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Scientists at the International Space Station have released a picture of the Three Gorges dam. The picture highlights, not only the size of the dam itself, but the massive effect it is having on area's geography and ecosystem. read more » |
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When the World Bank decided to finance the Pak Mun dam at the confluence of the Mekong and Mun rivers in Thailand, it faced fierce criticism and relentless opposition due to the project’s predicted environmental damage. But it went ahead anyway. read more » |
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