$12.5 million Export Development Corporation loan to Chinese government makes Canadian Taxpayers financiers of world’s "riskiest and most destructive dam project ever"
Other News Sources
Chinese health authorities panic about the spread of diseases among Three Gorges evacuees
Chinese health authorities are alarmed about the potential spread of diseases among the people being forced to move to make way for the Three Gorges dam, according to an article in a Chinese newspaper, Health Daily.
PRESS RELEASE Canada now sole supporter of world’s riskiest and most destructive dam project
Three Gorges Probe May 31, 1996 After a protracted and heated debate, the United States Export-Import Bank announced yesterday that it will not provide financial assistance for US companies vying to build […]
PRESS RELEASE Three Gorges dam: investors still suspicious, controversy rages on
Despite China’s optimism in offering a $120 million bond issue for the Three Gorges Project this month, international investors are still hesitant to back the highly controversial dam. Says senior analyst Simon Billenness, of Franklin Research and Development in Boston, "Until the grave environmental and human rights concerns are adequately addressed, we wouldn’t touch Three Gorges with a barge pole." A project finance analyst, who asked to remain anonymous, maintained, "The Chinese are going to have a very difficult time financing this. I think the Three Gorges [project] is simply going to be crushed under the sheer weight of itself; the project is much too ambitious."
PRESS RELEASE GE alerted to economic risks, environmental destruction and human rights abuses linked to TG dam
General Electric shareholders are getting involved in the riskiest and most destructive dam project ever, according to seven environmental groups, representing nearly 900,000 supporters across North America. Their message was sent in letters to the largest shareholders in General Electric Company, after it was announced last month that General Electric Canada, a wholly-owned subsidiary of Connecticut – based General Electric Company, was awarded a contract to supply turbines and generators to the Three Gorges dam project in China.
News briefs
(i) Half a Million to be Moved After Disastrous Floods
(ii) Senior Dam Opponent Speaks Out Again
China considers earthquake danger of dams
(May 28, 2008) With so many of Sichuan’s dams and reservoirs at risk of collapse, this month’s earthquake “may tilt the balance of public opinion in favour of a more cautious and environmentally conscious approach to such development,” reports the Los Angeles Times.
Odious Debts: Loose Lending, Corruption, and the Third World’s Environmental Legacy
(May 28, 2008) We’ve all heard of the Third World’s debt crisis, of hopelessly poor nations unable to pay their debts, and of the human suffering and environmental consequences of their desperate predicament. Amid emotional calls from some to forgive the debt outright come the sober solutions from bankers and bureaucrats, with their seemingly unending stream of Brady and Baker Plans, and bewildering variants of them.
Chinese dams in danger of collapse
(May 27, 2008) As many as 2,830 reservoirs nationwide have been damaged by the earthquake.
Chinese troops blast rock dams to drain off lakes as threat grows
(May 27, 2008) The Tangjiashan lake in northern Sichuan province has forced the evacuation of 160,000 people and is putting a further a million people at risk, reports The Australian.
Update for Three Gorges Probe
(1) Residents in Three Gorges reservoir area apply to move out
(2) Clean-up of river a sham – academic
(3) Insurers share 3 Gorges coverage
(4) Two more Yangtze dams planned
(5) Resettlement rules
(6) Project to be launched to improve the environment of Three Gorges area
Chinese troops blast rock dams to drain off lakes as threat grows
(May 27, 2008) The Tangjiashan lake in northern Sichuan province has forced the evacuation of 160,000 people and is putting a further a million people at risk, reports The Australia
Three Gorges Probe – pollution, water diversion and water transfer
(1) Plan curbs Three Gorges pollution
(2) China speeds up plans for water diversion project
(3) Thousands to be moved for water transfer project
Three Gorges Probe – climate change, drought and relocation
(1) U.S. scientists predict Three Gorges dam could alter climate
(2) Severe drought threatens power production at China’s Ertan dam
(3) 75,000 people to be relocated as part of Longtan Power Station project
Corruption plagues Three Gorges resettlement
(1) Corruption impacts China’s Three Gorges resettlement
(2) Many Chinese farmers oppose Three Gorges resettlement


