Category: By Probe International

Pak Mool cost more than it’s worth

(June 9, 2000) EARLIER this year, the World Commission on Dams (WCD) published its performance review of Thailand’s most controversial hydro scheme, the World Bank-financed Pak Mool dam, confirming what observers have long suspected: The project is an economic failure and a growing financial liability to Thailand’s electricity ratepayers.

This is a race to the bottom! Export Development Corporation ‘will do anything’

(March 21, 2000) For 50 years the federal Crown export credit agency, the Export Development Corporation, has financed and insured the world’s most environmentally damaging and economically reckless projects, from the Three Gorges dam on China’s Yangtze River to the gold mines in South America and the former Soviet Union that spill cyanide into major waterways.