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CorpWatch Exclusives

El Salvador Construction Contractor Builds Houses for Wealthy with UK Aid
by Fatima HansiaCorpWatch Blog
May 31st, 2014
An investment branch of the UK’s Department for International Development (DFID) aid agency has come under fire for subsidizing Avance Ingenieros to build elite housing projects in El Salvador at the expense of the UK taxpayer, according to an investigation by the Guardian newspaper.

Vale Expansion in Maranhão Challenged by Local Communities
by Fatima HansiaCorpWatch Blog
May 7th, 2014
Mayors of dozens of communities along the route of a 556 mile railway from the Carajás iron ore mine to São Marcos bay, are up in arms against a major new expansion of industrial activities by Vale, a Brazilian mining giant, because of the adverse impacts on their lives.

Caterpillar Uses Swiss Subsidiary to Avoid Billions in Taxes
by Rozali TelbisCorpWatch Blog
April 14th, 2014
Caterpillar - one of the world’s largest maker of construction and mining equipment - used a subsidiary in Switzerland to avoid paying $2.4 billion in taxes over a period of 13 years, according to a new U.S. Senate report titled ‘Caterpillar’s Offshore Tax Strategy.’

Serco Paid Millions Over Budget for West Australia Hospital with No Patients
by Fatima HansiaCorpWatch Blog
March 11th, 2014
Some 230 staff are being paid to work at the new Fiona Stanley Hospital in West Australia, even though it will not open to patients till March 2015. The project has been labeled a “privatization disaster” and Serco, the contractor, has come under fire for the soaring costs.

Spanish Consortium Threatens to Stop Panama Canal Expansion
by Pratap ChatterjeeCorpWatch Blog
January 6th, 2014
Sacyr, the Spanish construction giant, has threatened to halt work on the expansion of the Panama canal unless it is paid an extra $1.6 billion. The company leads a consortium that won the 2009 contract after bidding to do the job for $1.1 billion less than the next bidder.

Asia Inhales While the West Bans the Deadly Carcinogen
by Melody KempSpecial to CorpWatch
February 16th, 2010
Asbestos, a known carcinogen, causes 100,000 occupational deaths per year. Although banned in much of the world, asbestos is a common and dangerous building block in much of Asia’s development boom, and its export remains both legal and profitable -- to the health detriment of the region.