The laws of IMF extended into World Bank and thus was bourne the next-stage: hideousness. “R”
“Trade agreements are a weapon against communities! Community consent over corporate bullying! La lucha sigue; the struggle continues!
In 2008, after years of violence, conflict, environmental degradation, and water pollution at the hands of mining companies, then-president of El Salvador Antonio Saca stopped issuing new mining permits. This decision has widespread support in El Salvador; a recent poll of the University of Central America (UCA) indicates that that 79.5 per cent of Salvadorans are against any gold mining.
In 2009, after pleading with El Salvador to reconsider, OceanaGold (then called Pacific Rim) sued the whole country through an “investor-state dispute settlement” (ISDS) case at the International Centre for Settlement of Investment Disputes (ICSID), the World Bank Group’s arbitration venue. The charge? “Loss of potential profits.” These types of suits are increasingly possible under free trade agreements, including ones currently being negotiated by our government (for example: the TPP and CETA).
If OceanaGold wins, the Salvadoran people will be required to pay $250-million (US), a morally reprehensible demand. Already, in the seven years that this arbitration has gone on, $12-million (US) in legal costs have been incurred, which is enough to pay for over two years of adult literacy classes in El Salvador.
Civil society groups worldwide that support Salvadoran communities and organizations working on mining and environmental issues cheered today’s decision by the ICSID tribunal that Pacific Rim/OceanaGold’s $250-million lawsuit against El Salvador is without merit.”
““At a time of water scarcity, it is unconscionable for the global trade and investment regime to deny governments of water-stressed countries like El Salvador the policy space to protect local watersheds and ensure the realization of the human right to water,” says Maude Barlow, national chairperson of the Council of Canadians.”
Canadian Mining Corporations in Latin America: Solidarity Rally
Toronto — 14 October 2016 http://www.socialistproject.ca/leftstreamed/ls326.php