Report by IBON International
"Towards curbing OceanaGold’s dirty operations in El Salvador and the Philippines, efforts of people’s organisations, communities, environmental advocates as well as international ...
... the institutional framework that allows global firms to extract enormous profits in international arbitration tribunals. It then documents the increased use of these rights by transnational corporations ...
Mining for Profits
Sarah Anderson, IPS Global Economy Project Director
Posted: Huffington Post-12/16/11 02:46 PM ET
The small country of El Salvador has dared to stand up against powerful international ...
... rights” accords limit the ability of governments to regulate corporations operating on their soil. If the rules interfere with the profits of Canadian mining interests, they can sue the local administration ...
... to mine or pay more than $300 million to cover not only its costs but the future profits it would forgo. The water defenders and their allies responded by mounting an international campaign to put the ...
... of a “framework agreement” between the company and the municipality, whereby 3% of the profits from mining activity are destined for the development of the province. Since its inception, organizations ...
... corporations that value profits over the environment and the health of local communities. In 2002, a small group of citizens in El Salvador joined this global community of water defenders when representatives ...
... countries, Torres´ perspective changed: “Pacific Rim talked about green mining. But we saw that the company was going to benefit from the profits and we were going to be left with the damages to the environment. ...
... awards, in order to increase the value of certain contracts and, hence, increase the company’s profits. In response to this ploy, public and private entities in Peru have endeavored to develop a means ...
... of millions of dollars in unearned profits.
In its $400 million claim, which is currently proceeding at a World Bank Group tribunal, the Nevada-based KCA argues that the Guatemalan government failed ...
... El Tambor gold mine — or compensating the mining firm for hundreds of millions of dollars in future profits it had little hope of ever earning.
“KCA bought the project knowing there was social conflict ...
By Manuel Perez Rocha - Foreign Policy in Focus
Wealthy corporations may use trade courts to keep public health measures from cutting into their profits.
The country was in freefall. Formerly middle ...
... and the United States) puts new limitations on investor claims. For example, claims cannot be made for indirect expropriation, which is used by companies to get “compensated” for profits it expected to ...
... an Australian-Canadian company, is one of dozens of transnational mining companies in the Philippines that have been reaping profits by mining gold, silver, copper, and other minerals. Its underground ...
...
Indirect Expropriationwas invoked in over half of the cases. This is especially egregious since it relates to so-called expropriation of anticipated future lost profits, rather than the physical seizure ...
... effect pressures the government to restart the mine, or otherwise pay the company hundreds of millions of dollars in lost potential profits.
CAFTA-DR, like thousands of other international investment ...
... of multilateral institutions designed to guarantee their profits at the expense of the common good.
Milagro Guevara, Adjunct Ombudswoman for the Environment from the Office for Defence of Human Rights, ...
... mining companies, Pacific Rim and the Commerce Group, sued the government of El Salvador for $400 million in unrealized profits. The cases were heard by the World Bank’s International Center for Settlement ...
... State the payment of 250 million on the basis of potential profits lost due to not having received the government permits to carry out the El Dorado gold mining project, constituted an act of blackmailing ...
... miner OceanaGold. The suit, filed in 2009 by OceanaGold predecessor Pacific Rim, based in Vancouver, alleged loss of potential profits after the company failed to meet regulatory requirements to receive ...