Posco, the world's fourth largest steel maker, was in January ranked among a global list of 100 companies that will last for the next 100 years. Interestingly, governance, transparency and capacity to handle environment-related issues are taken into account in selecting these 100 companies "Posco will not only last the next 100 years, but will go beyond, and India will play a big part in our story of survival and growth", CK...

Like coal, the iron ore mining sector in the country too will soon have ‘go’ and ‘no go’ areas where green clearance will be given depending on their ecological sensitivity, Environment Minister Jairam Ramesh has said. He was speaking at a national workshop on “Reforms in Environmental Regulation” on Tuesday where he underlined the need to ensure developmental activities while protecting ecological concerns. “We would soon extend the exercise of...

Less than a week after Vedanta University's Environmental Clearance was put on hold, the Centre has suspended the Environmental Clearance issued to another Vedanta group company for an iron ore mine in North Goa. The Pirna iron ore mine project, to be established by Sesa Goa at Pirna and Nadora villages, received clearance from the Ministry of Environment and Forests on June 9, 2009. However, following a May 10, 2010 order of...

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,...