(April 16, 2014) Working Canadians are placing a bet on the Chinese real estate market thanks to the Canada Pension Plan Investment Board that invests their obligatory pension contributions globally. Continue reading
Posted in Beijing Water, By Probe International, Canada Pension Plan, China, Three Gorges Probe
Tagged Brady Yauch, Canada Pension, China, China Real Estate, China Real Estate Bubble, CPPIB, Probe International
(April 14, 2014) A pledge by the World Bank’s new President Jim Yong Kim to increase spending will produce the same bad results that have plagued the Bank for decades. Continue reading
(April 11, 2014) Experts say an aging mega-dam on the Zambezi River between Zambia and Zimbabwe is in imminent danger of collapse and poses a threat to 3.5 million people. Zimbabwe’s disaster preparedness was revealed as “extremely weak” earlier this year after torrential rains caused the partial collapse of the country’s Tokwe-Mukosi dam, which displaced thousands and forced the government to declare it a national disaster.
(April 11, 2014) A report representing the most comprehensive economic analysis of large dams ever undertaken has dealt a stunning blow to the behemoths of hydropower. But will its findings be enough to curb a new wave in mega-dam construction? Unlikely, says Probe International.
(April 9, 2014) Another earthquake has struck China’s seismically hazardous southwestern region in the same vicinity as one of the country’s mega-dams. Chinese geologist and environmentalist Fan Xiao says there is a “high probability” the Xiluodu dam, China’s second and the world’s third biggest hydropower plant, triggered the quake.
(April 7, 2014) Chinese geologist and environmentalist Fan Xiao says the recent quakes that struck central China’s Hubei Province in Zigui county — “the first county of the Three Gorges Dam” due to its proximity to the project site — signal that the seismic threat posed by Three Gorges Dam is at its most critical stage now. Reservoir-induced seismicity (RIS) is most likely to occur within a few years, even a decade after initial filling of a dam reservoir to its highest level, due to the time it takes for reservoir water to penetrate deep into seismic faults and fissures before it triggers seismic activity. A 2010 study revealed seismic monitors around the Three Gorges Dam reservoir and in Hubei Province registered 3,429 earthquakes between June of 2003 (when inundation of the reservoir began) and December 31, 2009: a 30-fold increase in seismic frequency over the pre-dam period.
(April 1, 2014) A magnitude-4.7 earthquake hit Zigui county in central China’s Hubei Province last Sunday, around 23 kilometres from the Three Gorges Dam site location, several days after a magnitude-4.3 tremor was felt early Thursday morning about 30 kilometres from the dam. Authorities say the dam was not affected but they are monitoring the situation. There have been no reports of casualties or property damage, although news coverage has noted an increase in Chinese experts who support the speculation that the project itself is the cause of local seismic activity.