(October 28, 2002) Engineering company maintains innocence, plans to appeal Lesotho verdict.
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Acres vows appeal
(October 28, 2002) Acres International Ltd. said Monday it was "disturbed and dismayed" by a $2.2-million (U.S.) fine levelled by a Lesotho trial judge following a bribery conviction in a major African water project and vowed to appeal both the court’s verdict and sentence.
Financial sinkhole
(October 25, 2002) The National Post writes: Export Development Canada has hung like an albatross around the neck of the Canadian taxpayer for far too long. It must stop making new loans, wind down its operations and then shutter itself for good.
Dams threaten Cambodia’s ‘floods of fortune’
(October 22, 2002) Experts are worried the ever-growing number of dams on the Mekong’s upper reaches are decreasing the water flow and cutting off access for fish larvae to their spawning areas. The river level has dropped some 12 percent since the 1960s.
Letter to the Editor
(October 21, 2002) Recent articles ignore EDC’s financial performance, ability to manage risks, fact that EDC is fully accountable to Parliament, EDC’s track record of consistent profitability, and contribution to Canada’s economy, writes EDC CEO Ian Gillespie.
EDC says it can cover its loan risks
(October 19, 2002) EDC has recently faced criticism that the Crown corporation may have too many eggs in too few baskets by weighting its lending so heavily in tech and aerospace.
EDC exposure to Nortel, Bombardier draws fire
(October 19, 2002) No private-sector financial institution would be allowed to carry the exposure to a limited number of industry sectors that Export Development Canada does, financial analysts said yesterday.
EDC lends billions to clients of two firms
(October 18, 2002) Former leader’s warning: Bombardier, Nortel customers dominate.
EDC helps make Bombardier fly
(October 18, 2002) Loans to aircraft maker, Nortel distort their sectors.
EDC doles out cash as corporate backstop
(October 18, 2002) Money-making body.
Chongqing may give up on Yangtze as drinking-water source
(October 17, 2002) As concern mounts about pollution in the future Three Gorges reservoir, Chongqing appears to be considering the idea of abandoning the Yangtze River altogether as a source of drinking water. Officials are studying the feasibility of drawing cleaner supplies from smaller rivers in the vicinity, such as the Qi, Wubu and Hou, the Chongqing Morning Post (Chongqing chenbao) reported Oct. 10.
Changing river flows disrupt fisherfolk’s culture
(October 16, 2002) For 7 years fishermen have noticed the Mekong’s unnatural flow, shortly after the first dam upstream in China started operations. In China’s Yunnan province, a cascade of eight dams has been planned since the 1980s.
Vietnam to build hydroelectricity plant
(December 12, 2002) Electricity of Vietnam (EVN) is drafting a plan to build a 260-megawatt hydroelectricity plant on the Ba Ha River in the central province of Phu Yen.
Lesotho Highlands: More scandal
(October 12, 2002) A Lesotho prosecutor asked the Lesotho High Court on Friday to impose the maximum fine on Canadian engineering company Acres International, which was found guilty of bribery.
Bribery case could cost Acres plenty
(October 12, 2002) Oakville-based engineering firm Acres International Ltd. may face a fine of up to $4 million after being convicted of bribery by a foreign government.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
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Probe International 