Probe International reply to Canada Pension Plan Investment Board

(June 17, 2009) Last August, HidroAysén submitted its Environmental Impact Assessment to the environmental authorities for its proposed hydroelectric dams in the Patagonia region of southern Chile. The EIA excluded the transmission component of the project, which would be developed by Transelec and includes a 1,500-mile long transmission line and related infrastructure crossing through 14 legally protected natural areas and thousands of private properties, around volcanoes, and over fjords spanning, in all, more than half of Chile’s entire length.

World Bank seeks to increase lending to the developing world

(June 15, 2009) As the economic crisis continues to work its way through the global economic system, the World Bank is using the slowdown as an opportunity to increase lending to the developing world. According to the bank’s president, Robert Zoellick, the bank will increase its lending by $100 billion over the next three years. In 2009 alone, the bank plans to triple its lending from $13.5-billion to $35-billion.