Chinese officials caught embezzling Three Gorges resettlement funds

(February 21, 2000) China’s State Auditing Administration has revealed that local officials have embezzled about $57.7 million (all figures in U.S. dollars) in Three Gorges resettlement funds. This graft represents almost 12 percent of the total $487.8 million that the central government has allocated for relocating the 1.2 million people who will be flooded out of the Three Gorges area if dam construction continues as planned.

Why consumers and citizens should pull the plug on the Asian Development Bank- part 1 of 2

(May 3, 2000) Without market discipline or public oversight, the ADB is a financial and environmental menace, providing a breeding ground for electricity investments that destroy the environment, create poverty, sink Asian citizens in debt, cost taxpayers in donor countries money, and deprive consumers of cheaper, better generating options.