Construction & Megaprojects
Adani Enterprises has been offered a $1 billion loan by the State Bank of India to support a mega coal mining project in the Galilee basin in central Queensland, Australia. Environmentalists say that the accompanying industrialization is likely to severely impact the Great Barrier Reef, 400 kilometres away.
Two controversial multinational projects in Orissa, an eastern Indian state, face high level decisions in the next few weeks: a bauxite mine in the Niyamgiri hills planned by Vedanta of the UK and an iron and steel refinery in Jagatsinghpur being developed by POSCO of South Korea.
Disaster profiteers make millions while local companies and laborers in New Orleans and the rest of the Katrina-devastated Gulf Coast region are systematically getting the short end of the stick, according to a major new report from the nonprofit CorpWatch.Click here for the press release, to read the text version or to download the report.
A $50 billion plan by a Hong Kong based developer to cut a canal through Nicaragua to allow ocean going cargo ships cross back and forth from the Atlantic to the Pacific ocean has suffered major setbacks after fierce opposition by environmentalists and local communities.
TransCanada and the provincial government of Alberta are paying former advisors to the Obama administration - as well as former staff of the Hillary Clinton and John Kerry presidential campaigns - to help them lobby for the proposed Keystone XL pipeline to transport tar sands fuel to the U.S.
Halliburton, the oil field contractor, said second-quarter net income more than doubled on a gain from selling its government services and construction subsidiary, KBR.
Thousands of low-wage Asian laborers are traveling to Iraq to work for U.S. military contractors like First Kuwaiti and Prime Projects International in the hope of sending money home to their families. Trapped and exploited under inhuman conditions, many of them are now fleeing the country to save their lives.
Villagers in BoghÃ©, a community 190 miles south west of the Mauritanian capital of Nouakchott, are protesting a proposed $1 billion investment by the Saudi National Prawn Company (NPC) in an aquaculture project in the Senegal river valley that will cover 31,000 hectares.
Residents and environmental activists are in a bitter dispute with large U.S. energy corporations and the federal government over the safety of nuclear power, as more than a dozen corporations plan to, or have filed, paperwork to open new nuclear power plants, primarily in the U.S. South.
Workers accuse the Kuwait contractor building the US embassy in Baghdad of smuggling low-paid South Asians into Iraq and labor trafficking. Still, the US State Department casts a blind eye on the complaints as it rushes to complete its most ambitious project ever.