Long-term greedy is a term that a Goldman Sachs partner made famous, by way of self-definition . It is as good a description as any of making profits in a sustainable fashion. Lafarge displayed short-term greed when it violated the law in obtaining forest clearance for a limestone mining project in Meghalaya’s Khasi hills, to supply raw material for its own cement plant in neighbouring Bangladesh. It described the mining...

Maheshwar (Khargone district, M.P.): “ Hamaari ladaai vikas se nahi, visthaapan se hai [Our fight is against displacement, not development],” Radhe Shyam Patidar of Pathrad village says, with a hint of aggression visible in the wrinkles around his ageing eyes. “We are only demanding proper rehabilitation for our village and we will not back down on that,” he says. Interestingly, whether the Maheshwar dam project, India's first privately financed hydroelectric project,...

Agriculture scientist and Rajya Sabha member M.S. Swaminathan on Tuesday described the government’s moratorium on commercialisation of Mahyco’s Bt brinjal until independent studies established its safety, as “a wise and appropriate decision.” He said it was appropriate not to hurry and to look at the problems to the satisfaction of all. The government should utilise the time to put in place a credible, effective and transparent system for the benefit of...

Chakrabarti added that accreditation is required as the number of consultants in the business is increasing rapidly Consultants who carry out studies on the impact of an industrial or infrastructure project on the environment will now need to be registered and accredited with the ministry of environment. The move is aimed at improving the quality and integrity of so-called environmental impact assessment (EIA) reports and the ministry has said that after June,...

Chhattisgarh announced a proposed investment of more than Rs 1,77,000 crore in the state. Until October 2008, it had signed over a hundred mous with companies like Jindals, Tata Steel and Essar. After a couple of months of this announcement, a bureaucrat heading the state environment regulatory body resigned. “Development is the preferred option, provided the carrying capacity is available. There cannot be a trade-off at the cost of the health...