[news] Bechtel VS. Bolivia: The People Win!

[Mostly Water - mostlywater.org = news.resist.ca]

The Democracy Center On-Line - January 19, 2006

The Cochabamba water revolt – which began exactly six years ago this month – will end this morning when Bechtel, one of the world’s most powerful corporations, formally abandons its legal effort to take $50 million from the Bolivian people. Bechtel made that demand before a secretive trade court operated by the World Bank, the same institution that coerced Bolivia to privatize the water to begin with. Faced with protests, barrages of e-mails, visits to their homes, and years of damaging press, Bechtel executives finally decided to surrender, walking away with a token payment equal to thirty cents. That retreat sets a huge global precedent.

URL: http://mostlywater.org/node/3832