
Glacier Retreat in the Andes is Bankrupting a Billion Dollar Corporation
The developer of a controversial hydroelectric project in Chile has filed for bankruptcy, blaming Andean glacier retreat and droughts for low water flows.
The developer of a controversial hydroelectric project in Chile has filed for bankruptcy, blaming Andean glacier retreat and droughts for low water flows.
Climate change and hydroelectricity power projects compounded the devastating destruction of the February 7 flood in Uttarakhand.
Across the nation, large-scale water infrastructure such as dams have provided a multitude of services, from electric power and water reservoirs to flood control and containment of pollution. But federal investments in large water infrastructure projects have largely been curtailed over the past few decades.
At a time when the world is abuzz with talk of reducing carbon dioxide emissions to stem the tide of climate change, Canada’s surfeit of hydropower production appears an attractive option to people south of the border who still rely on fossil fuel-generated electricity.
China already has half the world’s large hydroelectric dams (25,800), but along the Yangtze River and its tributaries, 100 large dams are either being planned or built and 43 additional dams are in the works.