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Thursday, January 12, 2012

Mining Ban: Good For The Grand Canyon, But Not For El Salvador?

Who knows, the Grand Canyon mining ban could also provoke similar lawsuits. It wouldn't be the first time a foreign corporation tried to cash in by using the "investor-state" dispute settlement system granted by our trade agreements.
In 2003, for example, the Canadian company Glamis Gold sued the U.S. governmentunder NAFTA, demanding $50 million in compensation for regulations enacted to protect the environment and indigenous communities from the impacts of open-pit mining

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