• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 16 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 2 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 3 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 4 hours NordStream2
  • 22 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 4 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 4 days Modest drop in oil price: SPRs vs US crude inventory build
  • 4 days 2019 - Attack on Saudi Oil Facilities.
  • 7 hours "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 5 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 days Ukrainian Maidan after 8 years
How To Spot A Carbon-Free Con

How To Spot A Carbon-Free Con

Plenty of companies are pledging…

Oil Prices Crash On New Covid Fears

Oil Prices Crash On New Covid Fears

Oil prices crashed on Friday…

Burma, China Ignoring Environmental Warnings for Dam

The hugely controversial Myitsone dam in northern Burma, currently under construction by the China Power Investment Corporation, was the subject of a 2009 internal report by the company, which called for the project to be scrapped.
 
The Environmental Impact Assessment report has nevertheless been ignored, and work is proceeding on the project, the Democratic Voice of Burma Online reported.
 
The EIA report stated that, "If the Burmese and Chinese sides were really concerned about environmental issues and aimed at sustainable development of the country, there is no need for such a big dam to be constructed at the confluence of the Irrawaddy River," urging instead for two smaller, but equally efficient, dams to be built above Myitsone.

Upon its completion in 2017, the $4 billion Myitsone dam will become the world's fifteenth biggest hydropower structure.

According to the Burma Rivers Network, which closely monitors the social and environmental impacts of the various energy initiatives on Burma's waterways, around 15,000 people will be displaced around the dam site, while the sizeable changes in the Irrawaddy river's flow will "impact millions of people downstream who depend on the Irrawaddy for agriculture, fishing, and transportation."
 
China has faced strong international criticism for its business links with Burma, whose ruling junta is subject to a number of international sanctions.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News