- Published on Friday, 17 April 2015 23:24
Ottawa – Canadian investments are coming between citizens of El Salvador and their water, says a new report. Authored by Meera Karunananthan of the Blue Planet Project and Susan Spronk of the University of Ottawa, the report highlights the tensions between El Salvador’s relationship with foreign investors and a thriving environmental movement that is promoting a bold new vision for the country’s freshwater scarcity crisis.
El Salvador refused to issue a permit for a gold mine to Vancouver-based Pacific Rim, the corporation decided to sue the government for over $300 million (U.S.). Pacific Rim has since been bought by Canadian-Australian firm Oceana Gold, which has taken over the lawsuit.
- Published on Friday, 17 April 2015 22:55
Gabriel Labrador- Equal Times
The Central American state of El Salvador could be forced to pay US$301 million in damages to an Australian-Canadian mining company, OceanaGold, after the company’s application for a mining license was rejected on the basis of the projected environmental damage it would cause.
El Salvador is the most water-stressed country in the region. As a result, the government stopped granting mining licenses back in 2008 in an attempt to preserve the country’s limited clean water supplies and safeguard the environment.
- Published on Friday, 17 April 2015 21:15
INTERNATIONAL TRADE UNION CONFEDERATION
Brussels, 15 April 2015 (ITUC OnLine): The ITUC has described a $300m claim against El Salvador by an Australian/Canadian mining conglomerate as an example of the worst excess of corporate greed. The claim is being decided in a tribunal under the tainted “Investor-State Dispute Settlement” (ISDS) procedure which corporations and some governments want to see incorporated into possible new trade agreements such as the Transatlantic Trade and Investment Partnership (TTIP).