Category: News

Bombardier Transportation accused of corruption in South Korea

Canadian aerospace giant Bombardier accused by South Korean prosecutors of making gifts to local officials in relation to a multibillion dollar metro elevated train project described as “more like a bus” in reality, a bus expected to cost Yongin taxpayers $3.5 billion over the next 30 years, including maintenance. CBC reports.

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Clear water, big fish

(December 12, 2009) Twenty-three hundred kilometres of transmission lines, to be built by Transelec Chile SA (investors include the CPP Investment Board, the British Columbia Investment Management Corp. and Toronto conglomerate Brookfield Asset Management Inc.), would require the world’s longest clear-cut up through the heart of Patagonia’s untouched temperate forests.

Canadians funding destruction of Patagonia forests

(December 9, 2009) A recent article in Pique highlights concerns about the involvement of the Canadian-owned company Transelec in a hydro electric project in Chile’s Patagonia region. The project, which plans to build five dams and 2,300 km of transmission lines with a parallel highway that would pass through 14 legally protected natural areas, has been criticized by environmentalists in the country and around the world, as well as business leaders.