The following letter was sent to the largest shareholders in General Electric Company, after it was announced in September that General Electric Canada, a wholly-owned subsidiary of Connecticut – based General Electric Company, was awarded a contract to supply turbines and generators to the Three Gorges dam project.
(September 21, 1997) In September, at the urging of the federal government, a group of Canadian companies voluntarily agreed to follow a new International Code of Ethics in their overseas activities.
(September 15, 1997) Vietnam has hand-picked a Russian hydropower project design company to carry out the feasibility study for the country’s largest ever hydropower project in Son La province.
(September 13, 1997) When 15 leaders of the 9,500 indigenous communities affected by Malaysia’s Bakun Dam received their compensation last month, they sent the cheques back to the government. One said he received a token Bt3.3, which made the cost of issuing the cheque higher than the compensated amount. No wonder opposition to Southeast Asia’s largest dam project continues despite the fact work has already begun.
(September 2, 1997) Laos is dreaming of a huge dam that will finance development of its poor corner of Southeast Asia. But Nam Theun 2 may turn out to be a nightmare for Laotian tribal people, who will be forced to leave their homes. It could mean extinction for rare species like the Vu Quang ox, only discovered in this decade, the Indochinese water pig and the white winged duck.
(September 1, 1997) World Bank report states that “the Bank has a responsibility under its articles to ensure that the funds it lends to borrowers are used for their intended purposes and with due attention to economy and efficiency.”
(August 12, 1997) Reply letter from Executive Director representing Canada on ADB’s Board of Directors regarding Canadian development assistance on hydropower dams along the Mekong River in China.
(August 12, 1997) Thank you very much for your letter of 29 July 1997 indicating your opposition to “more than fifty large” hydropower dams along the Mekong River and its tributaries.
(August 6, 1997) To the oil and mining companies, repressive governments and banks we list among the world’s exploiters, we must add another sector – conservationists. Unaccountable, opaque and pursuing a model of protection that is both repressive and outmoded, some of the world’s biggest conservation organisations are becoming indistinguishable from other neo-colonial corsairs.
(August 1, 1997) Leaked World Bank document states that "at least 20-30 per cent of GOI [Government of Indonesia] development budget funds are diverted through informal payments to GOI staff and politicians."
(August 1, 1997) This paper analyzes Iraq’s indebtness problem and investigates the applicability of debt-equity swaps as a means of alleviating the severity of Iraq’s external debt and obligations.
(August 1, 1997) This paper analyzes Iraq’s indebtness problem and investigates the applicability of debt-equity swaps as a means of alleviating the severity of Iraq’s external debt and obligations.
(July 14, 1997) Laos is determined to go ahead with the Nam Theun 2 hydroelectric dam and urged the international community to support the $1.5 billion project.
(July 8, 1997) The Laotian Government is confident the World Bank will agree to its request for a loan for the construction of its controversial Nam Theun 2 hydroelectric dam project to generate electricity for sale to Thailand.
(June 14, 1997) Lao officials fear yet more delays in its Nam Theun 2 dam project in what they say is a move by the World Bank to develop a greener image for itself.
Probe International 